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About VanEck Intermediate Muni ETF
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Inception date
Dec 4, 2007
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ITM is an intermediate municipal bond ETF that represents the US investment grade market. The fund includes US municipal obligations whose interests are generally exempt from federal taxes and the alternative minimum tax (AMT). These bonds must have a fixed coupon schedule and should have 6 to 17 years remaining term to final maturity. Index components are market-value-weighted and monthly rebalanced. Prior to March 1, 2022, the fund tracked the Bloomberg AMT-Free Intermediate Continuous Municipal Index. Then until November 30, 2022, the fund used a transition index to gradually broaden its exposure before tracking its current index.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.37%
Cash1.02%
Securitized0.61%
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