VanEck Intermediate Muni ETF (ITM)
XMEX 
Summary
ITM Chart
ITM Power up after winning more international contracts
ITM Power PLC (AIM:ITM) said it has secured two engineering contracts with a combined capacity of 70 MW, sending its shares up 6% to 66.3p. The first award is a basic design engineering package for an industrial customer in Australia, deploying multiple units of its Neptune V containerised green hydrogen plant.
ITM Power is signed up for German energy infrastructure projects
ITM Power PLC (AIM:ITM) has been selected by Stablegrid Group to supply technology for two energy infrastructure projects in Germany with a combined capacity of 710 MW. The projects will use electrolysers to support grid balancing by converting surplus renewable power into hydrogen stored in underground caverns.
ITM: Yield Is Most Unattractive Here
VanEck Intermediate Muni ETF tracks intermediate-term, investment-grade municipal bonds, offering tax-free income but only middling returns for the risk taken. ITM's low fees (0.18%) and index-tracking approach provide diversification and lower interest rate risk but limit income potential compared to more selective strategies. Tax-equivalent yields make ITM best suited for investors in higher tax brackets; those below a 24% marginal rate may find better after-tax returns elsewhere.
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VanEck Intermediate Muni ETF Profile
| XMEX Exchange | US Country |
Overview
The fund is specifically designed for investors seeking to invest primarily in the fixed income market, particularly in publicly traded municipal bonds within the United States. By allocating at least 80% of its total assets into fixed income securities that are part of the index it tracks, the fund aims to provide investors with exposure to the intermediate term tax-exempt bond market. This focus on U.S. dollar-denominated municipal bonds allows the fund to cater to investors looking for tax-exempt income, potentially making it an attractive option for those in higher tax brackets looking for tax-efficient investment solutions.
Products and Services
- Fixed Income Securities Investment
The core service offered involves investment in fixed income securities that make up the fund's primary index. These securities include a wide array of publicly traded municipal bonds that span the intermediate term tax-exempt bond market in the U.S. This service is designed for investors seeking reliable income through interest payments, with a focus on tax-exempt municipal bonds.
- Intermediate-Term Tax-Exempt Bond Market Access
Investors gain access to a diversified portfolio of U.S. dollar-denominated municipal bonds through the fund. By focusing on the intermediate segment of the tax-exempt bond market, the fund positions itself to provide a balance between risk and return. This is particularly appealing to those looking for moderate growth while enjoying tax-exempt income, suitable for investors with an intermediate investment horizon.
Contact Information
