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PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Active ETF
MINO
Payout Change
Pending
Price as of:
$45.95
-0.02
-0.04%
primary theme
N/A
MINO (ETF)
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Payout Change
Pending
Price as of:
$45.95
-0.02
-0.04%
primary theme
N/A
MINO (ETF)
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Payout Change
Pending
Price as of:
$45.95
-0.02
-0.04%
primary theme
N/A
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
MINO | Active ETF
$45.95
$139 M
3.92%
$1.80
0.49%
Vitals
YTD Return
4.9%
1 yr return
7.5%
3 Yr Avg Return
0.7%
5 Yr Avg Return
N/A
Net Assets
$139 M
Holdings in Top 10
26.0%
52 WEEK LOW AND HIGH
$46.0
$44.69
$46.16
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
MINO | Active ETF
$45.95
$139 M
3.92%
$1.80
0.49%
MINO - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Municipal Income Opportunities Active Exchange-Traded Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateSep 08, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Hammer
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.The Fund may invest up to 30% of its total assets in high yield securities (those that are rated, at the time of purchase, below investment grade by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality (commonly known as “junk bonds”)). In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may also invest, without limitation, in higher rated securities. The Fund may invest without limitation in “private activity” bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax (“AMT”). For shareholders subject to the AMT, distributions derived from “private activity” bonds must be included in their AMT calculations, and as such a portion of the Fund’s distribution may be subject to federal income tax. The average portfolio duration of this Fund normally varies within (negative) 2 years to positive 2 years of the portfolio duration of the securities comprising the Bloomberg Municipal Bond Index, as calculated by PIMCO, which, as of September 30, 2024, was 6.30 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. PIMCO’s management of the Fund generally seeks to focus on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices.The Fund may invest significantly in Municipal Bonds of specific projects, including those that finance education, health care, housing, transportation, utilities and other similar projects, and industrial development bonds. The Fund may invest significantly in issuers of particular jurisdictions, such as California and New York.The Fund may invest in other types of Fixed Income Instruments. “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 Fund may also invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
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MINO - Performance
Return Ranking - Trailing
| Period | MINO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -86.8% | 7.5% | 88.67% |
| 1 Yr | 7.5% | -48.9% | 15.3% | N/A |
| 3 Yr | 0.7%* | -21.5% | 51.9% | N/A |
| 5 Yr | N/A* | -5.9% | 29.0% | N/A |
| 10 Yr | N/A* | -3.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MINO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.3% | -91.1% | 101.7% | N/A |
| 2022 | -12.9% | -79.2% | 102.5% | N/A |
| 2021 | N/A | -66.1% | 60.0% | N/A |
| 2020 | N/A | -57.4% | 7.6% | N/A |
| 2019 | N/A | -35.9% | 3.2% | N/A |
Total Return Ranking - Trailing
| Period | MINO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -86.8% | 7.5% | 93.25% |
| 1 Yr | 7.5% | -48.9% | 15.4% | N/A |
| 3 Yr | 0.7%* | -21.5% | 51.9% | N/A |
| 5 Yr | N/A* | -5.9% | 29.0% | N/A |
| 10 Yr | N/A* | -3.6% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MINO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.5% | -91.1% | 101.7% | N/A |
| 2022 | -10.4% | -79.2% | 102.5% | N/A |
| 2021 | N/A | -66.1% | 60.0% | N/A |
| 2020 | N/A | -57.4% | 7.6% | N/A |
| 2019 | N/A | -35.9% | 3.2% | N/A |
MINO - Holdings
Concentration Analysis
| MINO | Category Low | Category High | MINO % Rank | |
|---|---|---|---|---|
| Net Assets | 139 M | 2.87 M | 73.9 B | 94.92% |
| Number of Holdings | 271 | 1 | 14000 | 70.41% |
| Net Assets in Top 10 | 52.7 M | -317 M | 8.64 B | 70.91% |
| Weighting of Top 10 | 26.00% | 2.4% | 100.0% | 28.09% |
Top 10 Holdings
- PARIBAS REPO 13.97%
- ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/57 ADJUSTABLE VAR 1.97%
- CONNECTICUT ST HSG FIN AUTH HS CTSHSG 05/40 ADJUSTABLE VAR 1.97%
- ILLINOIS ST ILS 05/45 FIXED 5.25 1.64%
- CHICAGO IL O HARE INTERNATIONA CHICAGO A AMT REV 1.35%
- HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/41 ADJUSTABLE VAR 1.23%
- DOUGLAS CNTY GA HSG AUTH MF TA DOUMFH 04/43 FIXED 4.375 1.01%
- HOLLAND CREEK CO MET DIST REVE HOLFAC 06/41 ADJUSTABLE VAR 0.99%
- MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/42 ADJUSTABLE VAR 0.94%
- HAMILTON CNTY OH HOSP FACS REV HAMMED 08/51 ADJUSTABLE VAR 0.94%
Asset Allocation
| Weighting | Return Low | Return High | MINO % Rank | |
|---|---|---|---|---|
| Bonds | 90.44% | 0.00% | 150.86% | 98.04% |
| Other | 13.97% | -13.03% | 30.01% | 67.26% |
| Stocks | 0.00% | -0.03% | 4.63% | 68.93% |
| Preferred Stocks | 0.00% | -1.79% | 0.04% | 66.94% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 67.31% |
| Cash | 0.00% | -50.86% | 100.00% | 1.74% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MINO % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | 0.00% | 21.68% | 67.12% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 1.00% |
| Securitized | 0.00% | 0.00% | 5.93% | 67.85% |
| Corporate | 0.00% | 0.00% | 9.99% | 74.16% |
| Municipal | 0.00% | 0.00% | 100.00% | 98.49% |
| Government | 0.00% | 0.00% | 52.02% | 70.23% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MINO % Rank | |
|---|---|---|---|---|
| US | 90.44% | 0.00% | 142.23% | 97.95% |
| Non US | 0.00% | 0.00% | 62.14% | 8.81% |
MINO - Expenses
Operational Fees
| MINO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.49% | 0.02% | 3.60% | 68.46% |
| Management Fee | 0.49% | 0.00% | 1.10% | 75.73% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| MINO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 4.90% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| MINO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MINO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 283.00% | N/A |
MINO - Distributions
Dividend Yield Analysis
| MINO | Category Low | Category High | MINO % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.92% | 0.00% | 35.27% | 48.81% |
Dividend Distribution Analysis
| MINO | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| MINO | Category Low | Category High | MINO % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.53% | 24.00% | N/A |
Capital Gain Distribution Analysis
| MINO | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.150 | OrdinaryDividend |
| Oct 01, 2024 | $0.140 | OrdinaryDividend |
| Sep 03, 2024 | $0.155 | OrdinaryDividend |
| Aug 01, 2024 | $0.150 | OrdinaryDividend |
| Jul 01, 2024 | $0.145 | OrdinaryDividend |
| Jun 03, 2024 | $0.157 | OrdinaryDividend |
| May 01, 2024 | $0.155 | OrdinaryDividend |
| Apr 01, 2024 | $0.142 | OrdinaryDividend |
| Mar 01, 2024 | $0.156 | OrdinaryDividend |
| Feb 01, 2024 | $0.142 | OrdinaryDividend |
| Dec 28, 2023 | $0.148 | OrdinaryDividend |
| Dec 01, 2023 | $0.142 | OrdinaryDividend |
| Nov 01, 2023 | $0.136 | OrdinaryDividend |
| Oct 02, 2023 | $0.150 | OrdinaryDividend |
| Sep 01, 2023 | $0.148 | OrdinaryDividend |
| Aug 01, 2023 | $0.134 | OrdinaryDividend |
| Jul 03, 2023 | $0.154 | OrdinaryDividend |
| Jun 01, 2023 | $0.140 | OrdinaryDividend |
| May 01, 2023 | $0.132 | OrdinaryDividend |
| Apr 03, 2023 | $0.156 | OrdinaryDividend |
| Mar 01, 2023 | $0.136 | OrdinaryDividend |
| Feb 01, 2023 | $0.140 | OrdinaryDividend |
| Dec 29, 2022 | $0.149 | OrdinaryDividend |
| Dec 01, 2022 | $0.136 | OrdinaryDividend |
| Nov 01, 2022 | $0.130 | OrdinaryDividend |
| Oct 03, 2022 | $0.120 | OrdinaryDividend |
| Sep 01, 2022 | $0.115 | OrdinaryDividend |
| Aug 01, 2022 | $0.105 | OrdinaryDividend |
| Jul 01, 2022 | $0.113 | OrdinaryDividend |
| Jun 01, 2022 | $0.095 | OrdinaryDividend |
| May 02, 2022 | $0.108 | OrdinaryDividend |
| Apr 01, 2022 | $0.072 | OrdinaryDividend |
| Mar 01, 2022 | $0.058 | OrdinaryDividend |
| Feb 01, 2022 | $0.050 | OrdinaryDividend |
| Dec 30, 2021 | $0.052 | OrdinaryDividend |
| Dec 01, 2021 | $0.053 | OrdinaryDividend |
| Nov 01, 2021 | $0.040 | OrdinaryDividend |
MINO - Fund Manager Analysis
Managers
David Hammer
Start Date
Tenure
Tenure Rank
Sep 08, 2021
0.73
0.7%
Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.
Rachel Betton
Start Date
Tenure
Tenure Rank
Sep 08, 2021
0.73
0.7%
Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.
Kyle Christine
Start Date
Tenure
Tenure Rank
Sep 08, 2021
0.73
0.7%
Vice President, PIMCO. Mr. Christine is a municipal bond portfolio manager. Prior to joining PIMCO in 2017, he was an institutional high yield and taxable municipal bond trader at Morgan Stanley. He has eight years of investment and financial services experience and holds an undergraduate degree from Union College (NY).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.21 | 1.58 |
