MINT ETF Review – PIMCO Enhanced Short Maturity Active ETF

MINT is an actively managed ETF from PIMCO that holds short-term debt obligations to provide current income. But is it a good investment? I review it here.

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MINT Methodology and Fees

MINT from PIMCO aims to generate current income greater than that of a money market fund, preservation of capital, and daily liquidity via ultra-short-term global bonds. We would consider MINT to be riskier than a savings account but less risky than a total bond market fund.

MINT launched in late 2009 and has since amassed nearly $9 billion in assets. PIMCO is usually the gold standard for active management in fixed income.

MINT invests in a variety of high-quality investment-grade debt issues from around the globe. the following debt types from around the world with maturities of less than 1 year.

MINT has nearly 600 holdings, an effective duration of about 5 months, a 30-day SEC yield of 4.64%, and an expense ratio of 0.36%.

MINT Sector Composition

Here's the sector composition of MINT:

MINT Performance

In terms of performance, MINT has notably outperformed its benchmark index, the FTSE 3-Month Treasury Bill Index, since inception:

Is MINT a Good Investment?

So is MINT a good investment? Maybe.

PIMCO's fixed income team have proven their competency since 1971. However, investors must square this with the sizable fee of 0.36% for this fund.

I compared MINT to its closest competitors in a separate post here.

Conveniently, MINT should be available at any major broker, including M1 Finance, which is the one I'm usually suggesting around here.

What do you think of MINT? Do you own it? Let me know in the comments.

Disclosure: None.

Disclaimer:  While I love diving into investing-related data and playing around with backtests, this is not financial advice, investing advice, or tax advice. The information on this website is for informational, educational, and entertainment purposes only. Investment products discussed (ETFs, mutual funds, etc.) are for illustrative purposes only. It is not a research report. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. I mention M1 Finance a lot around here. M1 does not provide investment advice, and this is not an offer or solicitation of an offer, or advice to buy or sell any security, and you are encouraged to consult your personal investment, legal, and tax advisors. Hypothetical examples used, such as historical backtests, do not reflect any specific investments, are for illustrative purposes only, and should not be considered an offer to buy or sell any products. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here.