Pimco Mint Costs and Benefits for Investors

Pimco Mint is a low-cost, actively managed exchange-traded fund (ETF) that offers a unique investment opportunity for investors.

The minimum investment required to invest in Pimco Mint is $100. This makes it an accessible option for a wide range of investors.

Pimco Mint has an expense ratio of 0.10%, which is significantly lower than many other actively managed ETFs. This can help save investors money in the long run.

Investors can expect to pay a management fee of 0.10% per year, which is deducted from the fund's assets on a quarterly basis.

Fees are an important consideration when investing in PIMCO Mint. The operational fees for MINT include an expense ratio of 0.35%, a management fee of 0.35%, and an administrative fee of 0.01% to 0.40%.

The expense ratio is one of the lowest in its category, ranking in the top 73% of ultrashort bond funds. This suggests that MINT is a cost-effective option for investors. The management fee is also relatively low, ranking in the top 81% of its category.

Here's a breakdown of the operational fees for MINT:

There are no front load or deferred load fees for MINT, but there is a maximum redemption fee that is not applicable to MINT.

Operational fees are a crucial aspect of any investment, and it's essential to understand what you're paying for. The MINT fees for operational expenses are 0.35% of the assets under management (AUM).

This fee is broken down into several components, including the expense ratio and management fee. The expense ratio is 0.35% of AUM, which is relatively low compared to the category average of 29.63%. In fact, it ranks 73.21% in the category.

The management fee is also 0.35% of AUM, which is a significant portion of the overall operational fees. Interestingly, the management fee range is from 0.00% to 1.19% of AUM, indicating that some funds may have lower management fees.

Here's a breakdown of the operational fees:

Keep in mind that these fees are subject to change, and it's essential to review your investment documents regularly to stay informed.

Sales fees can eat into your investment returns, so it's essential to understand what they are and how they work.

For example, MINT fees are charged as a percentage of Assets Under Management (AUM), but the exact percentage varies depending on the type of fee.

Some funds charge front load fees, which can be as high as 5.75% of the AUM. This can be a significant hit, especially if you're investing a large sum of money.

Deferred load fees are typically lower, ranging from 0.25% to 1.00% of the AUM.

Here's a breakdown of the fees I mentioned:

The PIMCO MINT fund has shown impressive performance figures over the past few years. PIMCO Enhanced Short Maturity Active ETF has a 1 week performance of 0.09%, and a 1 year performance of 0.49%.

The fund's performance is based on the previous close price, and past performance is not an indication of future performance.

Here are some key performance figures:

The fund's sector weight is heavily skewed towards bonds, at 81.11%, with the remaining 18.89% in non-classified assets.

Pimco Mint's returns have varied over the years, with a total return of 5.9% in 2024, 6.3% in 2023, and -1.0% in 2022.

The returns have been influenced by credit risk, which MINT attempts to provide with the assumption of some credit risk. This is reflected in its 30-Day SEC yield of 5.0%.

Here's a breakdown of Pimco Mint's returns over the past few years:

Return Trailing Ranking is a way to measure the performance of an investment over a period of time, taking into account the returns from previous periods. This helps to identify trends and patterns in the investment's performance.

Looking at the data, we can see that the investment's return has been steadily increasing over the past few years. In the 1 Yr period, the return was 5.9%, while in the 3 Yr period, it was 3.7% (annualized). This suggests that the investment has been performing well over the long term.

However, the investment's return has also been volatile, with some periods showing significant losses. For example, in 2022, the return was -1.0%, while in 2023, it was 6.3%. This highlights the importance of considering the investment's risk profile when evaluating its performance.

Here's a breakdown of the investment's return ranking over different periods:

As we can see, the investment's return ranking has been steadily improving over the past few years, with the 3 Yr and 5 Yr periods showing the highest rankings. This suggests that the investment has been performing well in its category over the long term.

Credit risk is a crucial consideration when evaluating investment options. MINT, for example, attempts to provide better than cash returns with the assumption of some credit risk.

The 30-Day SEC yield of 5.0% for MINT suggests that it's taking on some level of credit risk to achieve this return. I've seen similar strategies in other investments, where the potential for higher returns comes with a corresponding increase in risk.

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MINT's credit risk is likely managed through a diversified portfolio, as shown by its 764 holdings. This diversification can help mitigate individual credit risks, but it's essential to understand that credit risk still exists.

In fact, MINT's weighting of top 10 holdings is 16.66%, which is relatively low compared to Category High's 156.6%. This suggests that MINT is spreading its credit risk across a wide range of holdings.

Here's a comparison of MINT's credit risk profile with Category Low and Category High:

This comparison highlights the significant difference in credit risk between MINT and Category High, which may be worth considering for investors with varying risk tolerance.

PIMCO Enhanced Short Maturity Active ETF has a long history, launched in 2009. It's an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF).

The investment goal is to provide maximum current income, consistent with preservation of capital and daily liquidity. This is achieved through a diversified portfolio of Fixed Income Instruments.

The fund invests at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities. These instruments may be represented by forwards, and the average portfolio duration will vary based on PIMCO's market forecasts.

The ETF has a management team with an average tenure of 7.24 years, which is more important for actively managed ETFs. This team is led by Andrew Wittkop, Jerome Schneider, and Nathan Chiaverini.

The primary benchmark for this ETF is the Bloomberg US Agg Bond TR USD index, with a weighting of 100%. The ETF meets the SEC requirement of being classified as a diversified fund.

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The Net Income Ratio is a key metric to understand how well MINT Income Fund is performing.

MINT's Net Income Ratio is 0.51%, which is significantly lower than the Category Low of -1.30%. This suggests that MINT is not generating enough income to cover its costs.

Here's a comparison of MINT's Net Income Ratio with its Category High and Low:

MINT's Net Income Ratio ranks 47.55% in its category, indicating that it's not performing as well as some of its peers.

The bond geographic breakdown is a key aspect of any investment portfolio. US bonds make up a significant 74.90% of the portfolio.

Breaking it down further, we can see that the US portion of the portfolio has a return range of 0.00% to 122.88%. Non US bonds, on the other hand, are a relatively small portion of the portfolio, making up 0.00% of the total.

The MINT % Rank for US bonds is 60.85%, indicating a moderate level of performance. In contrast, the MINT % Rank for Non US bonds is 92.45%, indicating a stronger performance.

Here's a breakdown of the bond geographic distribution and performance:

PIMCO Enhanced Short Maturity Active ETF is an actively managed Taxable Bond Ultrashort Bond ETF launched in 2009.

The investment seeks maximum current income, consistent with preservation of capital and daily liquidity. It invests at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities.

The fund's average portfolio duration will vary based on PIMCO's market forecasts and will normally not exceed one year. This means the fund's managers will adjust the portfolio's maturity dates to maximize returns while minimizing risk.

The ETF has a management team with an average tenure of 7.24 years, which is more important for actively managed ETFs than passive index ETFs. This level of experience and stability can be reassuring for investors.

PIMCO Enhanced Short Maturity Active ETF has 796 securities in its portfolio, with the top 10 holdings constituting 9.6% of the ETF's assets. This diversification helps to spread risk and increase potential returns.

The ETF meets the SEC requirement of being classified as a diversified fund, which is a good sign for investors looking for a well-rounded investment option.

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