MINT Fund Description

The PIMCO Enhanced Maturity Strategy Fund is an actively managed fund that seeks to provide greater income and total return potential than money market funds by investing in ultra-short-term debt securities.

MINT ETF.com Insight

MINT is a low-cost, actively-managed fund that seeks higher income than the average money market fund by holding a hodgepodge of high-quality and ultra-short term USD-denominated debtcorporate debt makes up the bulk of the fund's weighting issued by domestic or foreign issuers. The fund, which aims to keep the average duration under 1 year, targets only investment-grade securities. Per the issuer, US credit makes up the bulk of the fund’s weighting. Aside from US-based debt, investors are also exposed to US dollar-denominated securities from developed countries like the UK, Canada and Japan, as well as emerging markets like Brazil and Mexico. MINT is one of the most successful active ETF to launch and has over $3.5B in AUM. (Insight updated 06/30/2014)

1 Year
Performance [as of 10/20/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
MINT 0.00% 0.15% 0.45% 0.32% 1.12% -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MINT Top 10 Countries

This chart is unavailable

MINT Top 10 Sectors

This chart is unavailable

MINT Top 10 Holdings

This chart is unavailable

MINT Summary Data

PIMCO

A company that produces and manages ETFs.

11/16/09

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.35%

The net total annual fee a fund holder pays to the issuer.

$3.84 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$40.53 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.

MINT Portfolio Data

--

Price sensitivity in percentage to a 100 basis point parallel shift (up or down) in interest rates.

--

The weighted average of remaining time until maturity for all securities in the portfolio.

--

The weighted average yield if all securities in the portfolio were held until maturity. Assumes that interest can be reinvested at YTM rate.

10/31/14

The date on which a security's price excludes an upcoming dividend.

--

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

MINT Index Data

No Underlying Index

This is the benchmark an ETF is desigend to track or replicate.

Proprietary

A set of rules that the underlying index provider follows to weight its constituent securities.

Proprietary

A set of rules that the underlying index provider follows to select its constituent securities.

N/A

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to MINT

HOLD, NEAR

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

MINT Commentary & News

16 October 2014 Podcasts | ETF.com
28 September 2014 Has Exodus From PIMCO's 'BOND' Begun? | ETF.com Olly Ludwig

MINT ETF.com Efficiency Insight

For investors looking for a stable and inexpensive short-duration fixed-income product, it doesn’t get much better than MINT. Since its inception in November 2009, MINT has amassed over $3.5B in AUM, making it one of the most successful actively managed ETF to ever launch. (Insight updated 06/30/2014)

Total Return - 09/30/2014
Performance [as of 09/30/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
MINT -0.03% 0.14% 0.56% 0.81% 1.25% -- --
MINT (NAV) 0.02% 0.15% 0.63% 0.83% 1.32% -- --
No Underlying Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MINT Portfolio Management

0.35%

The net total annual fee a fund holder pays to the issuer.

--

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

--

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

--

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

MINT Tax exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

--

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

N/A

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

MINT Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

MINT ETF.com Tradability Insight

MINT investors don’t have much to worry about when it comes to liquidity. About $20M changes hands daily at very narrow spreads. MINT also has great block liquidity, suggesting ease and minimal costs for those looking to trade in size. Again, liquidity-wise, it doesn’t get much better than this. (Insight updated 06/30/2014)



Average Spread
Premium/Discount
Volume

MINT ETF.com/ Block LiquidityAs of 10/21/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of MINT. MINT is rated a 4 out of 5.

MINT Tradability

472,776

It is the daily number of shares traded, averaged over the past 45 trading days.

$40.53 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

286,324

Median number of shares traded over the past 45 trading days.

$29.04 M

Median dollar value of shares traded over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.02

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

-0.01%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.05% / -0.09%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

70,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

4.09

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

--

The total number of net outstanding options contracts for an ETF.

$101.42

The total market value of the assets that an ETF holds less fund expenses.

4

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

MINT ETF.com Fit Insight

MINT actively seeks out short- to ultra-short-term, investment-grade debt. The fund holds an assortment of US dollar-denominated sovereign, corporate, mortgage and municipal securities from developed, as well as emerging markets, in search for higher income. Per the issuer, about 50% of MINT is weighted in US securities. The fund has an estimated yield to maturity of 1.07% and duration of 0.5. (Insight updated 06/30/2014)

MINT Sector/Industry Breakdown

MINT Segment Benchmark
-- --

MINT Top 10 Holdings

MINT Top 5 Countries

-- --

MINT Top 5 Currencies

MINT Performance Statistics

--

The degree to which the fund and its segment benchmark move up and down in unison.

--

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

--

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

--

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

--

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MINT Holdings Statistics

MINT Segment Benchmark
-- --

The weighted average of remaining time until maturity for all securities in the portfolio.

-- --

A measure of interest rate risk. Estimates change in value to the portfolio based on a 1% parallel shift in the yield curve.

-- --

A measure of interest rate risk. Estimates the portfolio's sensitivity to changes in 2 year interest rates holding other rates constant.

-- --

A measure of interest rate risk. Estimates the portfolio's sensitivity to changes in 10 year interest rates holding other rates constant.

-- --

The weighted average yield if all securities in the portfolio were held until maturity. Assumes that interest can be reinvested at YTM rate.

-- --

Price sensitivity in percentage to a 100 basis point change (widening or narrowing) of spread relative to Treasury spot curve.

N/A N/A

The Herfindahl Index number – a metric of portfolio concentration where higher numbers mean higher concentration of holdings.

-- --

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

N/A N/A

Market–value–weighted average credit quality of the portfolio.

MINT Maturity Distribution

-- --

Percent of the portfolio's exposure to securities with 0 - 1 years until maturity.

-- --

Percent of the portfolio's exposure to securities with 1 - 3 years until maturity.

-- --

Percent of the portfolio's exposure to securities with 3 - 5 years until maturity.

-- --

Percent of the portfolio's exposure to securities with 5 - 7 years until maturity.

-- --

Percent of the portfolio's exposure to securities with 7 - 10 years until maturity

-- --

Percent of the portfolio's exposure to securities with 10+ years until maturity.

MINT Credit Breakdown

-- --

Percent of portfolio's exposure to AAA rated bonds (Investment Grade).

-- --

Percent of portfolio's exposure to AA rated bonds (Investment Grade).

-- --

Percent of portfolio's exposure to A rated bonds (Investment Grade).

-- --

Percent of portfolio's exposure to BBB rated bonds (Investment Grade).

-- --

Percent of portfolio's exposure to BB rated bonds (High Yield).

-- --

Percent of portfolio's exposure to B rated bonds (High Yield).

-- --

Percent of portfolio's exposure to CCC rated bonds (High Yield).

-- --

Percent of portfolio's exposure to CC rated bonds (High Yield).

-- --

Percent of portfolio's exposure to C rated bonds (High Yield).