VanEck Intermediate Muni ETF (ITM), managed by VanEck, is a multi-asset ETF. 0.18% expense ratio, $2.2B AUM, 1376 holdings, inception 2007.
ETF Overview
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.
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. VanEck Intermediate Muni ETF provides exposure to the multi-asset market. The portfolio is broadly diversified with 1376 holdings.
Risk Metrics
With 1376 holdings, the fund offers broad diversification that mitigates individual security risk. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance.
Expense Ratio
0.18%
Sector Allocation
Cash & Others: 100.0%
Other: 100.0%
Dividend Yield
2.83%
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<a href="/etf/jfli">JPMorgan Flexible Income ETF (JFLI)</a> — 0.35% expense ratio
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<a href="/etf/ltti">FT Vest 20+ Year Treasury & Target Income ETF (LTTI)</a> — 0.65% expense ratio
<a href="/etf/xdec">FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)</a> — 0.85% expense ratio
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<a href="/etf/nlr">VanEck Uranium and Nuclear ETF (NLR)</a> (Equity) — 0.56% expense ratio
<a href="/etf/hyem">VanEck Emerging Markets High Yield Bond ETF (HYEM)</a> (Multi-Asset) — 0.40% expense ratio
<a href="/etf/rnew">VanEck Green Infrastructure ETF (RNEW)</a> (Equity) — 0.47% expense ratio
Risk Metrics
Beta: 0.96
Questions & Answers
What is VanEck Intermediate Muni ETF (ITM)?
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 per It holds 1376 securities. With $2.2B in assets under management, it is one of the larger funds in its category.
What is the expense ratio for ITM?
VanEck Intermediate Muni ETF has an expense ratio of 0.18%, which is considered low for multi-asset ETFs. This means for every $10,000 invested, annual fees would be approximately $18. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has ITM been around?
VanEck Intermediate Muni ETF was launched in 2007, making it 19 years old. With over a decade of history, it has navigated various market conditions. It is managed by VanEck.
Does ITM pay dividends?
Yes, VanEck Intermediate Muni ETF currently offers a dividend yield of approximately 2.83%. This yield is in line with market averages. Dividend distributions are typically paid quarterly, though the amount can vary.
What is the current NAV of ITM?
VanEck Intermediate Muni ETF has a net asset value (NAV) of approximately $46.96 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.