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We think MINT will yield close to 5.8% in the coming months. We consider trailing and current yield metrics to be beyond useless when analyzing the forward yield of fixed-income ETFs. We review this ETF and give our opinion on how it rates as a cash parking vehicle in the current environment.
Ultrashort ETFs like PIMCO Enhanced Short Maturity Active ETF are now yielding at levels not seen since the 2008-09 financial crisis, but have they peaked? This review provides an overview of the PIMCO Enhanced Short Maturity Active ETF. Strategies are presented for replacing MINT with short or longer-dated CDs. For some folks, MINT is a Sell. I rate MINT a Hold for others not wanting the limitations CDs come with.
The unprecedented speedy tightening monetary cycle we're still witnessing has caused a tremendous shift in attitude and investing style. Following many years of extremely low rates, the death of TINA (not Turner, "there is no alternative") is also marking the resurrection of short-duration investments. When deciding which short-duration instrument is best for you, there's a lot more than just looking where you can get paid the most (yield).
Dive into this comprehensive ETF guide and discover how to adapt your investment strategy to protect your wealth during an impending recession.
MINT attempts to provide better than cash returns with the assumption of some credit risk. It has a 30-Day SEC yield of 5.0%.
Rising interest rates have led to higher yields for cash-replacement funds. MINT is one such fund, sporting a good 5.4% yield to maturity / forward yield.
Pimco was the biggest loser, with $3.6 billion in outflows as the bond market struggled.
It has been nearly 30 years since the first U.S.-listed ETF began trading, so it is rare to find a new first for the industry to occur. Yet today, the PIMCO Active Bond ETF (BOND) became the first active ETF to be traded from an actual booth on the New York Stock Exchange (NYSE) floor.
MINT is potentially one of the most deceiving ETFs we cover. It masquerades as a "safe, short-term bond fund," but we think there's more to the story. Much more.