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Morningstar

VanEck Intermediate Muni ETF ITM

Morningstar Medalist Rating
Medalist Rating as of | See VanEck Investment Hub

Morningstar’s Analysis ITM

Will ITM outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ITM’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ITM management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ITM’s parent organization’s priorities and whether they’re in line with investors’ interests.

Neither process nor people stand out at VanEck Intermediate Muni ETF, but it gets enough right to help this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers. The strategy changed its peer group last March, moving from the Muni National Long category to the Muni National Interm Morningstar Category.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ITM

More ITM Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST 4%

0.55 9.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.39 7.0 Mil
municipal

Us Dollar

0.39 6.9 Mil
Cash and Equivalents

CALIFORNIA ST 5.25%

0.37 6.5 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.36 6.4 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

0.35 6.2 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

0.35 6.2 Mil
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.75%

0.34 6.0 Mil
municipal

CALIFORNIA ST 5%

0.31 5.5 Mil
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25%

0.30 5.3 Mil
municipal