Skip to Content
ETFs

VanEck Intermediate Muni ETF

ITM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 04 2007
Expense Ratio
0.24%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$8,894,102
AUM
$1,731,689,056
Associated Index
ICE Intermediate AMT-Free Broad National Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
State Of California
0.56%
n/a
California Community Choice Financing A
0.39%
n/a
Massach Dev Fin Agy 5 % Bonds 2016-15.07.33 Harvard University Series 2016A
0.38%
n/a
New York City Transitional Finance Auth
0.37%
n/a
California Community Choice Financing A
0.37%
n/a
California Housing Finance Agency
0.34%
n/a
State Of California
0.33%
n/a
State Of New Jersey
0.31%
n/a
Metropolitan Transportation Authority
0.30%
n/a
New York State Urban Development Corp
0.29%
Invest with ITM

What is ITM?

The 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. The index comprised of Intermediate maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least six years but less than 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

ETFs related toITM

ETFs correlated to ITM include MUB, VTEB, SCMB

ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ITM is a US Bonds ETF. The 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. The index comprised of Intermediate maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least six years but less than 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

ITM tracks the ICE Intermediate AMT-Free Broad National Municipal Index.

No, ITM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ITM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ITM is -0.0159%. This is the percent change in the value of ITM over the most recent 1-month period. The 3-month return on ITM is -0.0318%. This is the percent change in the value of ITM over the most recent 3-month period.

The standard deviation of ITM for the past year is 0.0472%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ITM include HYMB, SUB, and HYD.

ETFs correlated to ITM include MUB, VTEB, and SCMB.

ETFs that are inversely correlated to ITM include PST, TBX, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.