INTM vs ITM

INTMCInvesco Intermediate Municipal ETF

ITMAVanEck Intermediate Muni ETF

In short

INTM —No data

ITM Most 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

INTM —No data

ITM 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

INTM —No data

• ITM 0.18% a year against a 0.30% median for muni ETFs in its group. Modest for a fund that screens the maturity range instead of buying the entire market.
• A straight index tracker of the ICE Intermediate AMT-Free Broad National Municipal Index, and it stays unusually close to that benchmark for its cohort.vaneck.com
• Mid-curve by design: shorter maturities than long muni funds mean less price movement per shift in rates, with more coupon than the ultra-short end.vaneck.com
• Roughly 1,400 bonds, income paid monthly, and a 2007 launch that puts several full rate cycles behind it.

Worth knowing

INTM —No data

• ITM Broad national trackers like VTEB, SCMB and MUB run at a few basis points. ITM's fee buys the intermediate screen, not the lowest sticker in the aisle.
• Intermediate maturities soften rate moves rather than cancel them, and municipal issuers carry credit risk.
• National in scope and AMT-free, so there is no single-state tax focus of the kind state-targeted peers like NYF are built around.

Full INTM profile⁠

Full ITM profile⁠