This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Market Vectors Intermediate Municipal Index ETF (ITM) Hits Five-Year Milestone, Receives 4 Stars For The Period From Morningstar

Market Vectors ETFs today announced that the Intermediate Municipal Index ETF (NYSE Arca: ITM), has received a 4-star rating from Morningstar for the three-year, five-year and overall time periods.* There are 221 funds in the Morningstar Muni National Intermediate category for the three-and-five year period and 194 funds in the five-year period. ITM is the first in a lineup of six Market Vectors municipal bond ETFs to reach the five-year performance milestone, and one of four of the funds currently rated 4-stars overall by Morningstar.

“Intermediate-duration bonds, meaning those with a maturity in the six to 17 year range, are a crucial component of a complete municipal bond investment strategy, and ITM allows investors to gain targeted exposure to these maturities,” said James Colby, Portfolio Manager and Senior Municipal Strategist with Market Vectors ETFs. “We’re very pleased to receive this recognition from Morningstar.” In addition to overseeing the Market Vectors family of ETFs, Mr. Colby regularly writes about the municipal bond market in his blog Muni Nation.

ITM launched in December 2007, and was among the first municipal bond ETFs brought to market. ITM seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR). The index is a market value weighted index designed to replicate the price movements of medium-duration bonds .

ITM has an expense ratio of 0.24% and its $740 million in assets makes it the second-largest ETF behind Market Vectors High-Yield Municipal Index ETF in the Market Vectors municipal income lineup, which had a combined $2.2 billion in AUM as of December 31, 2012.

The other funds in this suite include Market Vectors CEF Municipal Income ETF (NYSE Arca: XMPT), Market Vectors High-Yield Municipal Index ETF (NYSE Arca: HYD), Market Vectors Long Municipal Index ETF (NYSE Arca: MLN), Market Vectors Pre-Refunded Municipal Index ETF (NYSE Arca: PRB), and Market Vectors Short Municipal Index ETF (NYSE Arca: SMB).

More information on ITM or any other Market Vectors income-oriented ETFs can be found here.

©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,051.73 -48.45 -0.28%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7040 -7.4420 -0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs