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Market Vectors Intermediate Muni Etf

The fund's investment objective is to offer current income while minimizing capital appreciation. Itcheb, a US municipal bond index, is the benchmark for the fund.

Ticker symbol ITM

Inception date: 8/1/2007

Assets under management: $1.14 billion

Income is collected from state and local government entities. Money is lent to state and local governments and agencies by investors who buy municipal bonds. The revenue from the bonds is tax-exempt, which means it is not subject to federal income tax. That makes them distinctive from Treasury bonds issued by the federal government.

This kind of debt has a long history of stability, with bankruptcies and defaults being comparatively rare. On the other hand, bond interest may be subject to the Alternative Minimum Tax (AMT). the municipal bond market enables local and state governments to fund public projects or refinance debt.

You can’t directly invest in an index, but you can invest in ETFs that track the index.

Dividend Yield: 4.02%

1-Year Return: -5.3%

30-Day SEC Yield of 3.74%

Historical Yield: N/A

Index Yield: 3.99%

Market Vectors Intermediate Muni ETF (ITM) NYSEARCA | US25860A20754.

iShares National Muni Bond (MUB) NYSEARCA | US4642808394

SPDR Nuveen Barclays Municipal Bond ETF (TFI) NYSEARCA | US78402T1042

SPDR Nuveen Municipal Bond ETF (MBB) NYSEARCA | US78402T1034

The fund's investment objective is to offer current income while minimizing capital appreciation. It tracks a US municipal bond index.

VanEck Vectors ® Market Vectors ® Intermediate Muni ETF (ITM) seeks to provide current income while minimizing capital appreciation. by tracking the market's performance. The fund normally invests at least 80% of its assets in municipal securities that are component of the Index. The rules may require certain disclosures in the prospectus and elsewhere. For more detail, please see Disclosure Regarding Margin Risk below.

A portion of the distributions treated as either long-term or short-term capital gains or as return of capital may be included in the fund's dividends. It is advised that you seek advice from a financial advisor, tax professional, or attorney before making any investment decisions. Any tax statements contained here are not intended to suggest that the fund or the Municipal Bond ETFs are suitable for any specific tax-loss harvesting strategy. Consult with your financial, tax, or legal advisor.

For more detail, call 1 800 826 2852.

VanEck Vectors ® can help you achieve greater diversification, better risk-adjusted returns, potentially lower volatility and increased liquidity

A municipal bond ETF from the largest municipal bond issuer

Income generated by investing in municipal bonds is generally exempt from federal income tax, and the fund does not pay federal income tax on the income it earns.

The Fund does not hold physical municipal bonds but rather invests in swap agreements, futures, options, and other derivative instruments.

VanEck Vectors ® Municipal Bond ETFs. Access the broad municipal bond market or target specific segments using SPDR ® ETFs

Value $1.22 billion

Assets Under Management