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ITMS
VanEck Vectors AMT-Free 6-8 Year Municipal Index ETF

  • Fund Description

    The VanEck Vectors™ AMT-Free 6-8 Year Municipal Index ETF (ITMS) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays AMT-Free 6-8 Year Intermediate Continuous Municipal Index (BVE6TR), which is intended to track the overall performance of the U.S. dollar denominated intermediate term tax-exempt bond market with final maturities from 6-8 years.

  •   
      

    • Fund Ticker

      ITMS
    • Exchange

      Bats
    • Commencement

      09/19/2016
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      BVE6TR
    • Index Rebalancing

      Monthly
  •  
    as of 02/24/17

    • 30-Day SEC Yield1

      2.02%
    • Total Net Assets

      $4.8M
    • Number of Holdings

      30
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/28/2017
  • Key Points

    • Tax Exempt Income
      Income generally exempt from federal income taxes and the Alternative Minimum Tax (AMT)

    • Targeted Interest Rate Risk
      Designed to track an index of intermediate-duration municipal bonds with a final maturity between 6-8 years

    • Quality
      Investment-grade index constituents with high overall credit quality
  • Yields
    as of 02/24/17

    • 30-Day SEC Yield1

      2.02%
    • Distribution Yield1

      1.49%
    • 12-Month Yield1

      0.46%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      2.37%
    • 25% Federal Tax Rate

      2.69%
    • 28% Federal Tax Rate

      2.80%
    • 33% Federal Tax Rate

      3.01%
    • 39.6% Federal Tax Rate

      3.34%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.24%
    • Other Expenses

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.24%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.24%
    2The investment management agreement between VanEck Vectors ETF Trust (the “Trust”) and Van Eck Associates Corporation (the “Adviser”) provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio." See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      ITMS
    • Index Total Return Ticker

      BVE6TR
    • NAV

      ITMSNV
    • Intraday NAV (IIV)5

      ITMSIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      ITMSEU
    • Total Cash

      ITMSTC
    • CUSIP

      92189F312
    • ISIN

      US92189F3120
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/23/17

    • Yield to Worst

      2.37%
    • Yield to Maturity

      2.43%
    • Effective Duration (yrs)

      5.75
    • Duration to Worst (yrs)

      5.69
    • Modified Duration (yrs)

      5.73
    • Spread Duration (yrs)

      5.74
    • Years to Maturity

      6.90
    • Coupon

      4.97%
     4 See Important Disclosure for definitions.
  • Prices as of 02/24/17

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    ITMS $24.11
    $23.75
    30
    900
    $0.05 / +0.21%
    $0.00 / +0.00%
    +1.4%
    +0.5%
    $-0.36
    -1.50%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    09/19/16
    ITMS (NAV)0.75-2.940.75---------3.71
    ITMS (Share Price)0.16-4.300.16---------4.88
    BVE6TR (Index)1.01-2.391.01-1.43-------2.89
    Performance Differential (NAV - Index)-0.26-0.55-0.26---------0.82
    After Tax Held0.75-2.940.75---------3.71
    After Tax Sold0.48-1.520.48---------1.96
    Quarter End as of 12/31/16
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    09/19/16
    ITMS (NAV)0.75-4.81-----------4.43
    ITMS (Share Price)-1.22-5.41-----------5.03
    BVE6TR (Index)0.95-4.28-0.75-0.75-------3.86
    Performance Differential (NAV - Index)-0.20-0.53-----------0.57
    After Tax Held0.75-4.81-----------4.43
    After Tax Sold0.47-2.63-----------2.41
  • Daily HoldingsTop 10 Holdings (%)as of 01/31/17

    Total Holdings: 30
    Issuer Name
    StateWeighting (%)
    California St For Previous Issues See 13063B
    CA
    18.87
    New Jersey Economic Dev Auth Rev
    NJ
    7.83
    Minnesota St
    MN
    6.21
    New York N Y For Previous Issues See 64966K Forfuture I
    NY
    5.93
    Massachusetts St Dev Fin Agy Rev For Issues Dated Prior
    MA
    5.01
    Kansas St Dept Transn Hwy Rev
    KS
    4.49
    King Cnty Wash For Issues Dtd Prior To 05/08/2012 See 4
    WA
    3.76
    Georgia St
    GA
    3.71
    Miami Dade Cnty Fla Expwy Auth Toll Sys Rev
    FL
    3.69
    Chicago Ill Wastewater Transmission Rev
    IL
    3.47
    Top 10 Total (%)62.97

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%) as of 01/31/17

    • State

      % of Net Assets
    • California

      18.9
    • New Jersey

      10.1
    • New York

      7.8
    • Illinois

      6.8
    • [Cash]

      6.7
    • Minnesota

      6.2
    • Massachusetts

      5.0
    • Washington

      5.0
    • Virginia

      5.0
    • Kansas

      4.5
    • Georgia

      3.7
    • Florida

      3.7
    • Pennsylvania

      3.1
    • Nevada

      3.1
    • Texas

      2.5
    • Wisconsin

      2.4
    • Missouri

      1.9
    • North Carolina

      1.9
    • Indiana

      1.8
  • Currency Exposure (%)
    as of 01/31/17

    • U.S. Dollar

      93.29
    • Other/Cash

      6.71
  • Sector Weightings (%) as of 01/31/17

    • Sector

      % of Net Assets
    • State

      32.9
    • Local

      21.5
    • Water & Sewer

      11.8
    • Education

      10.8
    • Transportation

      8.8
    • Leasing

      6.0
    • Special Tax

      3.6
    • Health Care

      2.7
    • Power

      2.0
  • Credit Quality (%) as of 01/31/17

    Composite % of Net Assets
    Investment Grade AAA 18.03
    AA 51.91
    A 26.43
    BBB 3.62
    Total Investment Grade -- 100.00
    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.
  • Maturity (%) as of 01/31/17

    Average Portfolio Maturity: 13.99 Years