Name of ETF: Market Vectors Intermediate Municipal Index ETF
Benchmark Index: Barclays AMT-Free Intermediate Continuous Municipal Index
Ticker Symbol: ITM
ETF Overview:
- Basic Bond Strategy: Tax-free income generation through investing in investment grade intermediate municipal bonds.
- Approximate Number of Holdings: 1070
- Maturity: The majority of the bonds in this ETF mature between six and seventeen years with an average maturity of just less than eleven years.
- Credit Quality: The overwhelming majority of these bonds have credit ratings of A or higher.
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