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Trending ETFs

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.69

$1.72 B

2.67%

$1.24

0.24%

Vitals

YTD Return

-0.5%

1 yr return

5.4%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

1.5%

Net Assets

$1.72 B

Holdings in Top 10

3.4%

52 WEEK LOW AND HIGH

$46.6
$43.42
$47.11

Expenses

OPERATING FEES

Expense Ratio 0.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.69

$1.72 B

2.67%

$1.24

0.24%

ITM - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Intermediate Muni ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Sep 01, 2022
  • Shares Outstanding
    38848916
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Colby

Fund Description

The Fund normally invests at least 80% of its total assets in fixed income securities that comprise the Intermediate Index. The Intermediate Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated intermediate term tax-exempt bond market. This 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders.
The Fund has adopted a fundamental investment policy to invest at least 80% of its assets in municipal securities. Such policy cannot be changed without a shareholder vote. For purposes of this policy, the term “assets” means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Intermediate Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does
not try to “beat” the Intermediate Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Intermediate Index. Because of the practical difficulties and expense of purchasing all of the securities in the Intermediate Index, the Fund does not purchase all of the securities in the Intermediate Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Intermediate Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Intermediate Index. The Intermediate Index is rebalanced on the last calendar day of the month.The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Intermediate Index concentrates in an industry or group of industries. As of April 30, 2023 the special tax (i.e., revenue bonds backed by a specific tax) sector represented a significant portion of the Fund.
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ITM - Performance

Return Ranking - Trailing

Period ITM Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -2.2% 8.0% 84.89%
1 Yr 5.4% -0.8% 37.6% 26.19%
3 Yr -1.0%* -10.3% 2.7% 63.07%
5 Yr 1.5%* -4.9% 1103.5% 25.88%
10 Yr 2.5%* -0.2% 248.2% 22.52%

* Annualized

Return Ranking - Calendar

Period ITM Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -1.4% 41.0% 36.47%
2022 -11.0% -40.2% 0.3% 44.44%
2021 -1.5% -5.6% 6.9% 90.92%
2020 3.6% -2.6% 310.0% 3.44%
2019 5.8% 0.0% 26.0% 7.05%

Total Return Ranking - Trailing

Period ITM Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -2.2% 8.0% 84.89%
1 Yr 5.4% -0.8% 37.6% 26.19%
3 Yr -1.0%* -10.3% 2.7% 63.07%
5 Yr 1.5%* -4.9% 1103.5% 25.88%
10 Yr 2.5%* -0.2% 248.2% 22.52%

* Annualized

Total Return Ranking - Calendar

Period ITM Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -1.3% 41.0% 49.23%
2022 -9.3% -40.2% 1.1% 50.92%
2021 0.2% -4.8% 23761504.0% 82.37%
2020 5.9% -1.5% 17057.9% 6.87%
2019 8.3% 0.2% 3514.6% 10.44%

ITM - Holdings

Concentration Analysis

ITM Category Low Category High ITM % Rank
Net Assets 1.72 B 3.48 M 68.1 B 19.31%
Number of Holdings 1369 2 12848 6.15%
Net Assets in Top 10 61.5 M -317 M 3.4 B 56.09%
Weighting of Top 10 3.43% 1.9% 100.4% 99.55%

Top 10 Holdings

  1. CALIFORNIA ST 0.52%
  2. MASSACHUSETTS ST DEV FIN AGY REVENUE 0.36%
  3. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 0.36%
  4. NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE 0.34%
  5. NEW YORK CITY NY MUNI WTR FIN AUTH WTR SWR SYS REVENUE 0.33%
  6. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 0.33%
  7. CALIFORNIA HSG FIN AGY MUNI CTFS 0.32%
  8. CALIFORNIA ST 0.30%
  9. NEW JERSEY ST 0.29%
  10. MET TRANSPRTN AUTH NY REVENUE 0.28%

Asset Allocation

Weighting Return Low Return High ITM % Rank
Bonds
98.61% 0.00% 150.86% 52.47%
Cash
1.39% -50.86% 50.09% 45.51%
Stocks
0.00% 0.00% 99.88% 90.20%
Preferred Stocks
0.00% 0.00% 0.52% 88.59%
Other
0.00% -8.54% 33.35% 85.77%
Convertible Bonds
0.00% 0.00% 0.93% 88.22%

Bond Sector Breakdown

Weighting Return Low Return High ITM % Rank
Municipal
99.65% 44.39% 100.00% 25.74%
Derivative
0.00% -8.54% 24.50% 84.55%
Cash & Equivalents
0.00% 0.00% 48.02% 94.81%
Securitized
0.00% 0.00% 5.93% 88.16%
Corporate
0.00% 0.00% 9.41% 90.35%
Government
0.00% 0.00% 52.02% 89.90%

Bond Geographic Breakdown

Weighting Return Low Return High ITM % Rank
US
98.61% 0.00% 142.23% 49.87%
Non US
0.00% 0.00% 23.89% 90.32%

ITM - Expenses

Operational Fees

ITM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.24% 0.03% 20.65% 96.72%
Management Fee 0.24% 0.00% 1.20% 8.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

ITM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

ITM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ITM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 283.00% 8.81%

ITM - Distributions

Dividend Yield Analysis

ITM Category Low Category High ITM % Rank
Dividend Yield 2.67% 0.00% 4.63% 1.79%

Dividend Distribution Analysis

ITM Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ITM Category Low Category High ITM % Rank
Net Income Ratio 1.90% -0.53% 5.33% 52.37%

Capital Gain Distribution Analysis

ITM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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ITM - Fund Manager Analysis

Managers

James Colby


Start Date

Tenure

Tenure Rank

Dec 04, 2007

14.5

14.5%

Mr. Colby has been employed by Van Eck Associates Corporation since September 2007. Prior to joining Van Eck Associates Corporation, Mr. Colby served as Senior Portfolio Manager and Director of Municipal High Yield for Lord Abbett as well as Director and Senior Portfolio Manager for Municipal Fixed Income at the John Hancock Funds in Boston. Mr. Colby graduated from Brown University in 1972 with a Bachelor of Arts in Economics and International Relations; and from Hofstra University in 1979 with a Masters of Business Administration in Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58