VanEck Intermediate Muni ETF
$45.640.00 (+0.01%)
- 0.18%
- $2.33B
- +0.1%
- 3.08%
- 648K sh
- low $43.58high $48.02
The ETF.net ITM Grade
A
Score 77 out of 100
- 3 of 20
Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A84 out of 100Rank 4 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 18 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 5 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 6 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A91 out of 100Rank 2 of 20
Our read on ITM
In short
AMost big muni ETFs buy the whole curve. ITM, running since 2007, sticks to the middle: a passive, AMT-free national index of roughly 1,400 bonds, paid out monthly, for 0.18% a year.
Stated mandate
The fund seeks to track the price and yield performance of the ICE Intermediate AMT-Free Broad National Municipal Index before fees and expenses.
Why people hold it
Worth knowing
ITM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ITM$10,008
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ITM |
|---|---|
| Year to date | −0.7% |
| 1 month | +4.3% |
| 3 months | +0.5% |
| 1 year | +0.1% |
| 3 years | +4.7% |
| 5 years | +0.4% |
| 10 years | +1.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ITM |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +5.3% | |
| 2024 | +0.7% | |
| 2023 | +5.7% | |
| 2022 | −9.3% | |
| 2021 | +0.2% | |
| 2020 | +5.9% |
ITM in the news
ITM Dividends
- 3.08%
- $1.41
- $0.11 per share
- Monthly
ITM Risk
- 6.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
ITM Cost
Overpaying vs TAXI, cheapest in Intermediate Municipal Bonds
$2,689
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ITM 0.18%
$3,749
TAXI 0.05% Cheapest
$1,060
Cost over time
Year by year
| Year | ITM | TAXI | Overpaying |
|---|---|---|---|
| 10 | $328 | $92 | $236 |
| 20 | $1,281 | $360 | $921 |
| 30 | $3,749 | $1,060 | $2,689 |
Other funds in Intermediate Municipal Bonds
- ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFExpense ratio 0.05%1 year return +2.1%
- AEVIMEaton Vance Intermediate Municipal Income ETFExpense ratio 0.11%1 year return +1.0%
- AMMITNYLI MacKay Muni Intermediate ETFExpense ratio 0.30%1 year return +0.7%
- ATAXET. Rowe Price Intermediate Municipal Income ETFExpense ratio 0.24%1 year return +1.5%
- ACAMAB California Intermediate Municipal ETFExpense ratio 0.27%1 year return +0.9%
