VanEck Vectors 6-8 Year Muni ETF

In September 2016, VanEck introduced two new ETFs that provide exposure to intermediate-term municipal bonds.

With a longer duration of the intermediate bonds rate curve, ITML is best suited for investors who are uncertain about the movement of interest rates in the near future.

Immediate-term bonds (ITM) are better placed since investors take less of an interest rate risk.

As of September 30, 2016, ITMS has all of its investments in US dollar-denominated bonds with a credit rating of “A” or higher, thus ensuring lower risks.