ITM
VanEck Intermediate Muni ETF
ITM
VanEck Intermediate Muni ETF
-
NAV
$45.83
as of June 07, 2023 -
YTD RETURNS
1.70%
as of June 07, 2023 -
Total Net Assets
$1.77B
as of June 07, 2023 -
Total Expense Ratio
0.24% -
Inception Date
12/04/2007 -
30-Day SEC Yield
3.02%
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
VanEck Intermediate Muni ETF (ITM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Intermediate AMT-Free Broad National Municipal Index (MBNI), which is intended to track the overall performance of the U.S. dollar denominated intermediate-term tax-exempt bond market.
Overview
Fund Highlights
- 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
How to Target the Sweet Spot of the Muni Yield Curve