MINT Stock Recent News

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.

MINT is a PIMCO ETF composed of short duration fixed income instruments (combination of government securities, IG bonds, and ABS). Unlike other fixed-income vehicles which have been bludgeoned by the Fed, MINT is down only -1.55% on a total return basis in 2022.