ITM

VanEck Intermediate Muni ETF
*Unless otherwise stated, data provided by FactSet.

ITM Fund Description

ITM tracks a market-value-weighted index of tax-exempt municipal bonds dated within the last 5 years and with nominal maturities of 6-17 years.

ITM Factset Analytics Insight

ITM is an intermediate municipal bond ETF that represents the US investment grade market. The fund includes US municipal obligations whose interests are generally exempt from federal taxes and the alternative minimum tax (AMT). These bonds should have 6 to 17 years remaining term to final maturity and must be within five years of their first settlement date. The fund is heavily concentrated in general obligation bonds at the expense of revenue bonds, and favors those that mature between 5-10 years rather than longer-dated issues. ITM’s shorter average maturity results in a portfolio with shorter duration, which also drives down yield. Holdings are market-value-weighted. Effective March 1, 2022, the fund began transitioning to a new underlying ICE index. The transition is expected to be completed on Nov. 30, 2022, and will broaden the exposure of the fund.

PERFORMANCE [as of 08/12/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ITM 1.69% 4.36% -7.85% -8.28% -1.04% 1.29% 2.15%
ITM (NAV) 1.49% 4.37% -7.94% -8.25% -0.73% 1.44% 2.25%
N/A -- -- -- -- -- -- --
Bloomberg Barclays Municipal Intermediate (5-10 Y) 1.10% 4.14% -4.73% -5.15% 0.24% 1.68% 2.31%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ITM Summary Data

VanEck
12/04/07
Open-Ended Fund
0.24%
$1.73B
$23.26M
0.07%

ITM Portfolio Data

6.37
--
3.37%
09/01/22
2,115

ITM Index Data

N/A
Market Value
AMT-Free
Bloomberg Barclays Municipal Intermediate (5-10 Y)

ITM Portfolio Management

0.24%
-0.65%
-0.31%
-0.96%

ITM Tax Exposures

20.00% / 39.60%
0.11%
Ordinary income
No

ITM Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

ITM Factset Analytics Block Liquidity

As of 08/15/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ITM. ITM is rated a N/A out of 5.

ITM Tradability

508,895
$23.26M
391,195
$18.00M
0.07%
$0.03
-0.07%
0.43% / -0.96%
None
100.00%
50,000
7.82
0.01%
--
352
$46.78
N/A

ITM Sector/Industry Breakdown


ITM
Segment Benchmark
90.95%
--
2.33%
--
2.24%
--
2.11%
--
0.82%
--
0.69%
--
0.34%
--
0.32%
--
0.08%
--
0.07%
--

ITM Top 10 Holdings[View All]

0.59%
0.39%
0.38%
0.33%
0.31%
0.31%
0.31%
0.30%
0.30%
0.30%
3.51%

ITM Top 5 Countries


ITM
Segment Benchmark
100.00%
--

ITM Top 5 Currencies


ITM
Segment Benchmark
100.00%
--

ITM Performance Statistics

0.90
1.33
--
--
--

ITM Holdings Statistics

7.73 years
6.37
3.37%
6.43
Low
2,115
0.41%

ITM Avg Life Maturity Distribution

0.76%
0.90%
1.18%
15.76%
29.62%
31.66%
16.13%
4.00%
--

ITM OAS Breakdown

92.24%
7.66%
0.10%
--
--
--
--
--
--
--
--