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) operates within the Ultra-Short / Cash category, which ETFValuer tracks as containing 9 funds. Issued by PIMCO, this fund has accumulated assets under management of $16.4 billion while trading at a price of $100.73. It holds an overall rank of #338 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.1 out of 100. The fund charges an expense ratio of 0.36% and currently offers a dividend yield of 4.27%. The substantial asset size of $16.4 billion suggests significant investor adoption despite the fund's mid-tier ranking within the broader universe. This combination of high yield and low cost positions the fund as a notable option within its specific cash management niche.

Over the last trading day, the fund posted a return of +0.02%, which increased to +0.05% over the one-week period. Monthly performance showed acceleration to +0.29%, followed by a three-month return of +1.05% and a six-month gain of +2.08%. Year-to-date returns stand at +2.37%, while the one-year return reached +4.48%. The longer-term trajectory shows continued growth with a three-year return of +16.48%. This pattern indicates a consistent upward trend across all measured horizons from one day to three years without any reported periods of negative returns in the provided data.

The fund carries a volatility label of Very Low, which aligns with its classification as an ultra-short maturity instrument. Although the beta figure is not provided, the fund recorded a maximum drawdown of only -0.16%, indicating minimal capital loss during its worst period. Despite the low drawdown, the Sharpe ratio is calculated at -1.80, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate over the measurement period. This combination of extremely low volatility and a negative Sharpe ratio implies that while the fund successfully preserved capital, its returns may have been insufficient to compensate for the opportunity cost of capital or the specific risk metrics used in the calculation. The fund appears designed to minimize downside risk rather than maximize risk-adjusted performance metrics.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 — 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 $16.4B 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