MINT — PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

MINT Price Performance — Growth of $10,000

Value of a $10,000 investment in MINT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MINT Drawdown

The "underwater" chart: MINT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) is an Ultra-Short / Cash ETF, issued by PIMCO. It currently ranks #330 out of 458 tracked ETFs across all categories, with an overall grade of C (score 54.1/100). The fund has an expense ratio of 0.36%, which is relatively low, and a dividend yield of 4.22%, indicating a steady income stream for investors. With an asset under management (AUM) of $17.1B, MINT is one of the larger funds in its category, suggesting significant investor adoption and confidence in its performance and management.

Over the past year, MINT has delivered a return of 4.45%, which is slightly above the 1Y return of its closest peers, FLOT (+4.44%) and JPST (+3.98%). Looking at the longer-term performance, MINT has shown a consistent upward trend, with returns accelerating over the 3-year period, reaching 16.34%. The 1M return of +0.43% and the 1W return of +0.06% indicate a stable performance in the short term, while the 1Y return of +4.45% suggests a solid performance over the past year. The 3M return of +1.09% and the 6M return of +2.11% further support the fund's ability to generate positive returns even in shorter time frames.

MINT is labeled as having a Very Low volatility, which suggests that it is expected to have minimal price fluctuations compared to other ETFs. However, the Sharpe ratio of -1.94 is quite negative, indicating that the fund has not been able to generate sufficient returns to compensate for its risk. This is further supported by the max drawdown of -0.16%, which is very low, suggesting that the fund has not experienced significant losses in any period. The combination of a low volatility label and a negative Sharpe ratio implies that while MINT is stable and safe, it may not be generating the returns necessary to justify its risk profile, especially when compared to its peers. The fund's performance in both up and down markets is relatively consistent, but the negative Sharpe ratio suggests that it may not be the best choice for investors seeking higher returns for the level of risk they are willing to take.

AI-generated summary based on the data on this page.

MINT Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 10.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MINT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MINT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MINT's top 10 — LTPZ overlaps most, holding 1 of the same companies as MINT's top 10 (3.4% of MINT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MINT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.00% and average daily volume is 1.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $17.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MINT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MINT Performance History

How MINT Compares to Other Ultra-Short / Cash ETFs