ITM

📎 Investment Objective

The VanEck Intermediate Muni ETF (ITM) seeks to provide investment results that closely correspond, before fees and expenses, to the price and yield performance of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index.

✨ Key Features

• Invests in a broad portfolio of investment-grade municipal bonds with intermediate-term maturities
• Seeks to provide tax-exempt income by investing in municipal securities
• Passively tracks the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Interest rate risk: The value of the fund's investments may decline when interest rates rise
• Credit risk: The fund is exposed to the credit risk of the municipal issuers in its portfolio
• Liquidity risk: The municipal bond market may experience periods of lower liquidity, which could affect the fund's ability to sell its holdings
• Tax risk: Changes in tax laws or adverse determinations by tax authorities could affect the tax-exempt status of municipal securities

👤 Best For

The VanEck Intermediate Muni ETF may be suitable for investors seeking tax-exempt income and exposure to a diversified portfolio of investment-grade municipal bonds with intermediate-term maturities. It may be appropriate for investors with a moderate risk tolerance and a medium-term investment horizon.