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ITM
VanEck Vectors AMT-Free Intermediate Municipal Index ETF

Fund Description

The VanEck Vectors® AMT-Free Intermediate Municipal Index ETF (ITM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR), which is intended to track the overall performance of the U.S. dollar denominated intermediate-term tax-exempt bond market.

 
 

  • Fund Ticker

    ITM
  • Exchange

    Cboe
  • Commencement

    12/04/2007
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    LMT2TR
  • Index Rebalancing

    Monthly
  • 2019 NAIC Designation7

    1

 
as of 08/20/19

  • 30-Day SEC Yield1

    1.43%
  • Total Net Assets

    $1.8B
  • Number of Holdings

    2859
  • Options

    Available
  • Gross Expense Ratio2

    0.24%
  • Net Expense Ratio/TER2

    0.24%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    08/30/2019
1, 2, 7 See Important Disclosure

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/04/07
ITM (NAV) 0.93 3.15 7.23 8.73 2.76 3.91 4.64 4.48
ITM (Share Price) 0.99 3.11 7.07 8.85 2.69 3.86 4.58 4.47
LMT2TR (Index) 0.98 3.08 7.19 9.06 3.12 4.43 5.23 5.19
Performance Differential (NAV - Index) -0.05 0.07 0.04 -0.33 -0.36 -0.52 -0.59 -0.71
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/04/07
ITM (NAV) 0.41 2.59 6.26 8.07 2.45 3.77 4.73 4.43
ITM (Share Price) 0.29 2.53 6.02 8.04 2.34 3.71 4.68 4.42
LMT2TR (Index) 0.38 2.44 6.15 8.33 2.78 4.29 5.36 5.14
Performance Differential (NAV - Index) 0.03 0.15 0.11 -0.26 -0.33 -0.52 -0.63 -0.71

Performance History:Cumulative Total Return (%) Annual End as of 12/31/18

1 YR 3 YR 5 YR 10 YR LIFE
12/04/07
ITM (NAV) 0.63 6.26 20.07 57.09 55.48
ITM (Share Price) 0.95 5.94 21.13 56.46 55.55
LMT2TR (Index) 1.18 7.70 23.98 67.31 68.22
Performance Differential (NAV - Index) -0.55 -1.44 -3.91 -10.22 -12.74

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
Ex-Date Record
Date
Payable Date Dividend
Income*
Short-Term
Capital Gains
Long-Term
Capital Gains
Return of Capital Total Distributions
08/01/2019 08/02/2019 08/07/2019 $0.0943 -- -- -- $0.0943
07/01/2019 07/02/2019 07/08/2019 $0.0913 -- -- -- $0.0913
06/03/2019 06/04/2019 06/07/2019 $0.0931 -- -- -- $0.0931
05/01/2019 05/02/2019 05/07/2019 $0.0928 -- -- -- $0.0928
04/01/2019 04/02/2019 04/05/2019 $0.0963 -- -- -- $0.0963
03/01/2019 03/04/2019 03/07/2019 $0.0869 -- -- -- $0.0869
02/01/2019 02/04/2019 02/07/2019 $0.0950 -- -- -- $0.0950
12/27/2018 12/28/2018 01/03/2019 $0.0957 -- -- -- $0.0957
12/03/2018 12/04/2018 12/07/2018 $0.0914 -- -- -- $0.0914
11/01/2018 11/02/2018 11/07/2018 $0.0959 -- -- -- $0.0959
10/01/2018 10/02/2018 10/05/2018 $0.0922 -- -- -- $0.0922
09/04/2018 09/05/2018 09/10/2018 $0.0934 -- -- -- $0.0934
08/01/2018 08/02/2018 08/07/2018 $0.0942 -- -- -- $0.0942
07/02/2018 07/03/2018 07/09/2018 $0.0906 -- -- -- $0.0906
06/01/2018 06/04/2018 06/07/2018 $0.0944 -- -- -- $0.0944
05/01/2018 05/02/2018 05/07/2018 $0.0912 -- -- -- $0.0912
04/02/2018 04/03/2018 04/06/2018 $0.0936 -- -- -- $0.0936
03/01/2018 03/02/2018 03/07/2018 $0.0836 -- -- -- $0.0836
02/01/2018 02/02/2018 02/07/2018 $0.0918 -- -- -- $0.0918
12/27/2017 12/28/2017 01/03/2018 $0.0904 -- -- -- $0.0904
12/01/2017 12/04/2017 12/07/2017 $0.0878 -- -- -- $0.0878
11/01/2017 11/02/2017 11/07/2017 $0.0900 -- -- -- $0.0900
10/02/2017 10/03/2017 10/06/2017 $0.0870 -- -- -- $0.0870
09/01/2017 09/06/2017 09/08/2017 $0.0894 -- -- -- $0.0894
08/01/2017 08/03/2017 08/07/2017 $0.0890 -- -- -- $0.0890
07/03/2017 07/06/2017 07/10/2017 $0.0826 -- -- -- $0.0826
06/01/2017 06/05/2017 06/07/2017 $0.0926 -- -- -- $0.0926
05/01/2017 05/03/2017 05/05/2017 $0.0888 -- -- -- $0.0888
04/03/2017 04/05/2017 04/07/2017 $0.0918 -- -- -- $0.0918
03/01/2017 03/03/2017 03/07/2017 $0.0818 -- -- -- $0.0818
02/01/2017 02/03/2017 02/07/2017 $0.0906 -- -- -- $0.0906
12/28/2016 12/30/2016 01/04/2017 $0.0918 -- -- -- $0.0918
12/01/2016 12/05/2016 12/07/2016 $0.0862 -- -- -- $0.0862
11/01/2016 11/03/2016 11/07/2016 $0.0900 -- -- -- $0.0900
10/03/2016 10/05/2016 10/07/2016 $0.0846 -- -- -- $0.0846
09/01/2016 09/06/2016 09/08/2016 $0.0866 -- -- -- $0.0866
08/01/2016 08/03/2016 08/05/2016 $0.0878 -- -- -- $0.0878
07/01/2016 07/06/2016 07/08/2016 $0.0862 -- -- -- $0.0862
06/01/2016 06/03/2016 06/07/2016 $0.0892 -- -- -- $0.0892
05/02/2016 05/04/2016 05/06/2016 $0.0876 -- -- -- $0.0876
04/01/2016 04/05/2016 04/07/2016 $0.0938 -- -- -- $0.0938
03/01/2016 03/03/2016 03/07/2016 $0.0832 -- -- -- $0.0832
02/01/2016 02/03/2016 02/05/2016 $0.0946 -- -- -- $0.0946
12/29/2015 12/31/2015 01/05/2016 $0.0902 -- -- -- $0.0902
12/01/2015 12/03/2015 12/07/2015 $0.0908 -- -- -- $0.0908
11/02/2015 11/04/2015 11/06/2015 $0.0904 -- -- -- $0.0904
10/01/2015 10/05/2015 10/07/2015 $0.0902 -- -- -- $0.0902
09/01/2015 09/03/2015 09/08/2015 $0.0940 -- -- -- $0.0940
08/03/2015 08/05/2015 08/07/2015 $0.0922 -- -- -- $0.0922
07/01/2015 07/06/2015 07/08/2015 $0.0914 -- -- -- $0.0914
06/01/2015 06/03/2015 06/05/2015 $0.0928 -- -- -- $0.0928
05/01/2015 05/05/2015 05/07/2015 $0.0874 -- -- -- $0.0874
04/01/2015 04/06/2015 04/08/2015 $0.0942 -- -- -- $0.0942
03/02/2015 03/04/2015 03/06/2015 $0.0846 -- -- -- $0.0846
02/02/2015 02/04/2015 02/06/2015 $0.0936 -- -- -- $0.0936
12/29/2014 12/31/2014 01/05/2015 $0.0964 -- -- -- $0.0964
12/01/2014 12/03/2014 12/05/2014 $0.0934 -- -- -- $0.0934
11/03/2014 11/05/2014 11/07/2014 $0.0950 -- -- -- $0.0950
10/01/2014 10/03/2014 10/07/2014 $0.0944 -- -- -- $0.0944
09/02/2014 09/04/2014 09/08/2014 $0.0994 -- -- -- $0.0994
08/01/2014 08/05/2014 08/07/2014 $0.0984 -- -- -- $0.0984
07/01/2014 07/03/2014 07/08/2014 $0.0942 -- -- -- $0.0942
06/02/2014 06/04/2014 06/06/2014 $0.0968 -- -- -- $0.0968
05/01/2014 05/05/2014 05/07/2014 $0.0940 -- -- -- $0.0940
04/01/2014 04/03/2014 04/07/2014 $0.0978 -- -- -- $0.0978
03/03/2014 03/05/2014 03/07/2014 $0.0894 -- -- -- $0.0894
02/03/2014 02/05/2014 02/07/2014 $0.0982 -- -- -- $0.0982
12/27/2013 12/31/2013 01/03/2014 $0.1000 -- -- -- $0.1000
12/02/2013 12/04/2013 12/06/2013 $0.1010 -- -- -- $0.1010
11/01/2013 11/05/2013 11/07/2013 $0.0988 -- -- -- $0.0988
10/01/2013 10/03/2013 10/07/2013 $0.0962 -- -- -- $0.0962
09/03/2013 09/05/2013 09/09/2013 $0.1002 -- -- -- $0.1002
08/01/2013 08/05/2013 08/07/2013 $0.0962 -- -- -- $0.0962
07/01/2013 07/03/2013 07/08/2013 $0.0962 -- -- -- $0.0962
06/03/2013 06/05/2013 06/07/2013 $0.0944 -- -- -- $0.0944
05/01/2013 05/03/2013 05/07/2013 $0.0936 -- -- -- $0.0936
04/01/2013 04/03/2013 04/05/2013 $0.0970 -- -- -- $0.0970
03/01/2013 03/05/2013 03/07/2013 $0.0868 -- -- -- $0.0868
02/01/2013 02/05/2013 02/07/2013 $0.0978 -- -- -- $0.0978
12/27/2012 12/31/2012 01/03/2013 $0.0956 -- $0.0042 -- $0.0998
12/03/2012 12/05/2012 12/07/2012 $0.0950 -- -- -- $0.0950
11/01/2012 11/05/2012 11/07/2012 $0.1012 -- -- -- $0.1012
10/01/2012 10/03/2012 10/05/2012 $0.0988 -- -- -- $0.0988
09/04/2012 09/07/2012 09/10/2012 $0.1002 -- -- -- $0.1002
08/01/2012 08/03/2012 08/07/2012 $0.1018 -- -- -- $0.1018
07/02/2012 07/05/2012 07/09/2012 $0.1046 -- -- -- $0.1046
06/01/2012 06/05/2012 06/07/2012 $0.1062 -- -- -- $0.1062
05/01/2012 05/03/2012 05/07/2012 $0.1072 -- -- -- $0.1072
04/02/2012 04/04/2012 04/09/2012 $0.1130 -- -- -- $0.1130
03/01/2012 03/05/2012 03/07/2012 $0.1034 -- -- -- $0.1034
02/01/2012 02/03/2012 02/07/2012 $0.1134 -- -- -- $0.1134
12/28/2011 12/30/2011 01/04/2012 $0.1174 -- -- -- $0.1174
12/01/2011 12/05/2011 12/07/2011 $0.1146 -- -- -- $0.1146
11/01/2011 11/03/2011 11/07/2011 $0.1194 -- -- -- $0.1194
10/03/2011 10/05/2011 10/07/2011 $0.1186 -- -- -- $0.1186
09/01/2011 09/06/2011 09/08/2011 $0.1274 -- -- -- $0.1274
08/01/2011 08/03/2011 08/05/2011 $0.1256 -- -- -- $0.1256
07/01/2011 07/06/2011 07/08/2011 $0.1246 -- -- -- $0.1246
06/01/2011 06/03/2011 06/07/2011 $0.1260 -- -- -- $0.1260
05/02/2011 05/04/2011 05/06/2011 $0.1230 -- -- -- $0.1230
04/01/2011 04/05/2011 04/07/2011 $0.1300 -- -- -- $0.1300
03/01/2011 03/03/2011 03/07/2011 $0.1180 -- -- -- $0.1180
02/01/2011 02/03/2011 02/07/2011 $0.1280 -- -- -- $0.1280
12/29/2010 12/31/2010 01/05/2011 $0.1280 $0.0240 $0.0340 -- $0.1860
12/01/2010 12/03/2010 12/07/2010 $0.1220 -- -- -- $0.1220
11/01/2010 11/03/2010 11/05/2010 $0.1220 -- -- -- $0.1220
10/01/2010 10/05/2010 10/07/2010 $0.1200 -- -- -- $0.1200
09/01/2010 09/03/2010 09/08/2010 $0.1220 -- -- -- $0.1220
08/02/2010 08/04/2010 08/06/2010 $0.1240 -- -- -- $0.1240
07/01/2010 07/06/2010 07/08/2010 $0.1240 -- -- -- $0.1240
06/01/2010 06/03/2010 06/07/2010 $0.1240 -- -- -- $0.1240
05/03/2010 05/05/2010 05/07/2010 $0.1200 -- -- -- $0.1200
04/01/2010 04/06/2010 04/08/2010 $0.1200 -- -- -- $0.1200
03/01/2010 03/03/2010 03/05/2010 $0.1140 -- -- -- $0.1140
02/01/2010 02/03/2010 02/05/2010 $0.1230 -- -- -- $0.1230

*All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information.

Growth of hypothetical $10,000 investment as of 07/31/2019

3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years |
  TO  

Calendar Year Returns (%) as of 12/31/2018

NAV History
as of 07/31/19

Best & Worst
Quarter Returns (%)
as of 06/30/19

  • Best quarter

    3Q'09 +7.30%
  • Worst quarter

    4Q'10 -5.27%
Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.