VanEck Intermediate Muni ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$46.73
- Net Assets:$0 Million
- NAV:$46.59
- Premium0.3%
- Peer Rank:40 of 116
- Investment Rating:C-
- Performance:D+
- RiskB-
We rate VanEck Intermediate Muni at C-. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 99% of its assets in bonds and may be considered for investors seeking a Municipal - National strategy.
Total return ranks below peers over the last three years. The VanEck Intermediate Muni has returned an annual rate of 3.27% since inception. More recently, the fund has generated a total return of 1.50% in the last five years, -0.91% in the last three years, and 5.62% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 30% of them. It has also outpaced 31% of its competitors on a three year basis and 44% of them over the last year for the period ending 2/29/2024. On a year to date basis, ITM has returned -0.34%.
Downside risk has been below average. ITM has a draw down risk of -16.65%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 7.8%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As ITM is an exchange traded fund, it has no front end or back end load.
The VanEck Intermediate Muni is managed by James T. Colby, III at Van Eck Associates Corp. This fund is one of 54 Van Eck Associates Corp exchange-traded funds launched since 5/16/2006 that we track.