ETF Evaluator:
PIMCO Enhanced Short Maturity Active ETF (MINT)
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(as of Jul 31)
Best Performing in Ultrashort Bond Over the Last Year
| 8.0% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 7.0% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 6.1% | Simplify Treasury Option Income ETF (BUCK) |
| 5.8% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.5% | SLW Short Duration Income ETF (SLWS) |
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ETF Details
PIMCO Enhanced Short Maturity Active ETF Overview
PIMCO Enhanced Short Maturity Active ETF (MINT) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). PIMCO launched the ETF in 2009.
The investment seeks maximum current income, consistent with preservation of capital and daily liquidity.
The fund invests at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this fund will vary based on PIMCO's market forecasts and will normally not exceed one year.
About PIMCO Enhanced Short Maturity Active ETF (MINT)
There are 3 members of the management team with an average tenure of 7.29 years: Jerome Schneider (2009), Michael Cudzil (2026) and Nathan Chiaverini (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and FTSE Treasury Bill 3 Mon USD index with a weighting of 100%. PIMCO Enhanced Short Maturity Active ETF has 1030 securities in its portfolio. The top 10 holdings constitute 30.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
PIMCO Enhanced Short Maturity Active ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. PIMCO Enhanced Short Maturity Active ETF has 27.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 69.1% (42.0% domestic bond, 27.1% foreign bond and 0.0% convertible bond). PIMCO Enhanced Short Maturity Active ETF has 30.9% of the portfolio in cash.
Assets Under Management
The fund has $16 billion in total assets, which is above the $4 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MINT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO Enhanced Short Maturity Active ETF expense ratio is below average compared to funds in the Ultrashort Bond category. PIMCO Enhanced Short Maturity Active ETF has an expense ratio of 0.36%, which is 66% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO Enhanced Short Maturity Active ETF has a portfolio turnover rate of 79%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of June 2026, PIMCO Enhanced Short Maturity Active ETF returned 0.4%, which earned it a grade of A, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
PIMCO Enhanced Short Maturity Active ETF has a trailing yield of 4.27%, which is above the 4.12% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PIMCO Enhanced Short Maturity Active ETF Grades
Year to date, the ETF has returned 2.1%, 0.3 percentage points better than the category, which translates into a grade of A. The fund has returned 4.6% over the past year (grade of A), 5.3% over the past three years (grade of C) and 3.5% per year over the past five years (grade of D) and 2.7% per year over the past 10 years (grade of C).
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MINT Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MINT Return (NAV) | 0.4% | 1.1% | 4.6% | 5.3% | 3.5% | 2.7% |
| MINT Return (Price) | 0.4% | 1.2% | 4.7% | 5.4% | 3.5% | 2.7% |
| NAV +/- Price Return | -0.060% | -0.101% | -0.026% | -0.018% | -0.010% | -0.000% |
| Ultrashort Bond Avg | 0.3% | 1.0% | 4.3% | 5.3% | 3.8% | 3.0% |
| MINT Grade (NAV) | A | B | A | C | D | C |
| +/- Category (NAV) | 0.1% | 0.1% | 0.3% | 0.0% | -0.3% | -0.3% |
| MINT Tax-Cost Ratio | na | na | 1.7% | 2.0% | 1.5% | 1.1% |
MINT Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MINT Return (NAV) | 2.1% | 4.7% | 5.9% | 6.2% | -1.0% | 0.0% | 1.6% | 3.3% | 1.7% | 1.9% | 2.0% |
| MINT Return (Price) | 2.2% | 4.7% | 5.9% | 6.3% | -1.0% | -0.0% | 1.6% | 3.3% | 1.7% | 1.9% | 2.1% |
| NAV +/- Price Ret | 0.005% | -0.002% | 0.009% | 0.011% | 0.052% | -6.081% | -0.006% | 0.9% | -0.0% | -2.1% | 4.6% |
| Ultrashort Bond Avg | 1.8% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| MINT Grade (NAV) | A | C | B | B | F | D | B | C | C | C | B |
| +/- Category | 0.3% | -0.1% | 0.1% | 0.1% | -1.4% | -0.3% | 0.2% | -0.3% | 0.4% | -0.4% | 0.1% |
| Risk Measures | |
| Beta: | 0.00 |
| R-Squared: | 0% |
| Standard Deviation: | 0.3% |
| Category Risk Index: | 0.48 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.02 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.3% |
| Total Assets: | $ 16,432 Mil |
| Share Class Assets: | $ 16,432 Mil |
| Turnover: | 79.0% |
| Expense Ratio: | 0.36% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 16.6 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Schneider Jerome (2009), Chiaverini Nathan (2021), Cudzil Michael (2026) | |||
Portfolio Composition (as of 6/26/26)
| # of Holdings: | 1030 |
| % in Top 10 Holdings: | 30.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 27.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 42.0% |
| Foreign Bond: | 27.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 30.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | PIMCO |
| Phone Number: | 888-400-4383 |
| Website: | www.pimcoetfs.com/fundinfo |
| Inception Date: | November 16, 2009 |
Expenses and Fees
| Expense Ratio (%): | 0.36% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.22% |
