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ITMVanEck Vectors Intermediate Muni ETF
Fund Description
The VanEck Vectors® Intermediate Muni ETF (ITM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR), which is intended to track the overall performance of the U.S. dollar denominated intermediate-term tax-exempt bond market.
-
Fund Ticker
ITM -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
LMT2TR -
Index Rebalancing
Monthly -
2020 Preliminary NAIC Designation7
1.F
as of 01/20/21
-
30-Day SEC Yield1
0.79% -
Total Net Assets
$1.8B -
Number of Holdings
2492 -
Options
Available -
Gross Expense Ratio2
0.24% -
Net Expense Ratio/TER2
0.24% -
Distribution Frequency
Monthly
Key Points
- Tax Exempt Income
Income generally exempt from federal taxes and the Alternative Minimum Tax (AMT) - Targeted
Interest Rate Risk
Designed to track an index of intermediate-duration municipal bonds - Quality
Investment-grade index constituents with high overall credit quality
Yields
as of 01/20/21
-
30-Day SEC Yield1
0.79% -
Distribution Yield1
1.91% -
12-Month Yield1
1.99% -
Taxable Equivalent 30-Day SEC Yields1a
-
12% Federal Tax Rate
0.90% -
22% Federal Tax Rate
1.01% -
24% Federal Tax Rate
1.04% -
32% Federal Tax Rate
1.16% -
35% Federal Tax Rate
1.22% -
37% Federal Tax Rate
1.25%
Fees & Expenses2
-
Management Fee
0.24% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.24% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.24%
Trading Information
-
Fund Ticker
ITM -
Index Total Return Ticker
LMT2TR -
NAV
ITMNV -
Intraday NAV (IIV)5
ITMIV -
Shares Outstanding
34,198,916 -
Estimated Cash
ITMEU -
Total Cash
ITMTC -
CUSIP
92189H201 -
ISIN
US92189H2013
Fundamentals4
as of 01/19/21
-
Yield to Worst
1.02% -
Yield to Maturity
2.02% -
Effective Duration (yrs)
5.96 -
Duration to Worst (yrs)
5.83 -
Modified Duration (yrs)
5.85 -
Spread Duration (yrs)
5.99 -
Years to Maturity
10.72 -
Coupon
4.68%
Prices as of 01/20/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 12/04/07 |
|
---|---|---|---|---|---|---|---|---|
ITM (NAV) | 0.39 | 1.74 | 5.66 | 5.66 | 4.79 | 3.97 | 4.72 | 4.50 |
ITM (Share Price) | 0.55 | 1.96 | 5.89 | 5.89 | 4.97 | 3.95 | 4.79 | 4.52 |
LMT2TR (Index) | 0.68 | 2.19 | 6.48 | 6.48 | 5.44 | 4.53 | 5.34 | 5.24 |
Performance Differential (NAV - Index) | -0.29 | -0.45 | -0.82 | -0.82 | -0.65 | -0.56 | -0.62 | -0.74 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 12/04/07 |
|
---|---|---|---|---|---|---|---|---|
ITM (NAV) | 0.39 | 1.74 | 5.66 | 5.66 | 4.79 | 3.97 | 4.72 | 4.50 |
ITM (Share Price) | 0.55 | 1.96 | 5.89 | 5.89 | 4.97 | 3.95 | 4.79 | 4.52 |
LMT2TR (Index) | 0.68 | 2.19 | 6.48 | 6.48 | 5.44 | 4.53 | 5.34 | 5.24 |
Performance Differential (NAV - Index) | -0.29 | -0.45 | -0.82 | -0.82 | -0.65 | -0.56 | -0.62 | -0.74 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Issuer Name | State | Weighting (%) | |
---|---|---|---|
California St |
CA
|
6.35 | |
New York N Y City Transitional Fin Auth Rev |
NY
|
1.94 | |
Metropolitan Transn Auth N Y Rev |
NY
|
1.75 | |
New York St Dorm Auth St Pers Income Tax Rev |
NY
|
1.49 | |
Maryland St |
MD
|
1.48 | |
New York N Y |
NY
|
1.45 | |
Illinois St |
IL
|
1.22 | |
Washington St |
WA
|
1.11 | |
Georgia St |
GA
|
1.09 | |
Massachusetts St |
MA
|
1.07 | |
Top 10 Total (%) | 18.95 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Geographical Weightings (%) as of 12/31/20
-
State
% of Net Assets -
■
California
16.6 -
■
New York
14.6 -
■
Texas
9.6 -
■
Illinois
4.2 -
■
Florida
4.1 -
■
Pennsylvania
4.1 -
■
New Jersey
3.7 -
■
Massachusetts
3.4 -
■
Maryland
3.1 -
■
Washington
3.0 -
■
Ohio
2.7 -
■
Virginia
2.4 -
■
Connecticut
2.2 -
■
Georgia
2.1 -
■
Colorado
1.9 -
■
District of Columbia
1.7 -
■
North Carolina
1.7 -
■
Wisconsin
1.5 -
■
Minnesota
1.5 -
■
Nevada
1.4 -
■
Other
14.6
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
99.94 -
Other/Cash
0.06
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
State
19.7 -
■
Local
18.0 -
■
Transportation
12.8 -
■
Special Tax
11.1 -
■
Water & Sewer
9.8 -
■
Health Care
7.7 -
■
Leasing
6.6 -
■
Education
6.4 -
■
Power
4.1 -
■
Housing
1.7 -
■
Tobacco
1.4 -
■
Industrial Revenue
0.6 -
■
Solid Waste/Res Recovery
0.0 -
■
Unassigned
0.0
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 18.05 |
AA | 55.15 | |
A | 20.42 | |
BBB | 6.31 | |
Total Investment Grade | -- | 99.93 |
Not Rated | -- | 0.07 |
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 10.74 Years