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Intermediate Municipal Index ETF ITM

  • Full Name: Market Vectors®
    Intermediate Municipal Index ETF (ITM®)

    Management Style: Sampling

    Underlying Index: The Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR)

    Index Provider: Barclays

    Index Description: LMT2TR is a market value weighted index designed to replicate the price movements of medium-duration bonds with a nominal maturity of 6-17 years.

  •  
      

    • Fund Ticker

      ITM
    • Exchange

      NYSE Arca
    • Commencement

      12/04/2007
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMT2TR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      1
  •  
    as of 09/19/14

    • 30-Day SEC Yield1

      2.18%
    • Total Net Assets

      $722.9M
    • Number of Holdings

      737
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
    1, 2, 7 See Important Disclosure
  • Geographical Weightings (%)
    as of 08/31/14

    • State

      % of Net Assets
    • NY

      19.3
    • CA

      15.2
    • TX

      8.4
    • NJ

      7.8
    • FL

      4.9
    • WA

      4.4
    • IL

      4.1
    • VA

      3.5
    • OH

      2.7
    • CT

      2.4
    • GA

      2.2
    • MA

      2.2
    • AZ

      2.2
    • MO

      1.8
    • PA

      1.7
    • MN

      1.6
    • SC

      1.5
    • MD

      1.2
    • NC

      1.2
    • WI

      0.9
    • Other

      10.7
  • Portfolio Composition (%)
    as of 08/31/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.80
    • Other

      0.00
    • Cash

      0.20
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      99.80
    • Other

      0.20
    • Total

      100.00
  • Credit Quality (%)
    as of 08/31/14

    Composite % of Net Assets
    Investment Grade AAA 15.02
    AA 50.20
    A 29.39
    BBB 2.32
    Total Investment Grade 96.94
    Not Rated --
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 08/31/14

    • Beta vs. S&P 500 Index

      -0.02
    • Correlation vs. S&P 500 Index

      -0.05
    • Volatility (Standard Deviation)

      4.89
    • Sharpe Ratio

      0.94

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      % of Net Assets
    • State General

      24.1
    • Local General

      16.4
    • Special Tax

      13.7
    • Transportation

      10.9
    • Leasing

      8.1
    • Education

      7.1
    • Power Utilities

      7.0
    • Water Utilities

      6.8
    • Health Care Facilities

      4.1
    • IDR/PCR

      1.5
    • Housing

      0.3
    • Unassigned

      0.0