PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

Frequently Asked Questions About MINO

What does MINO invest in?

MINO primarily invests in US municipal bonds, which are bonds exempt from federal taxes. The fund will generally hold investment grade securities but may also allocate up to 30% of the fund in high-yield securities. Private activity bonds may also be included in the portfolio. These exposures push the fund into a broader category, allowing for a wider reach than other funds in the same segment. MINO will select bonds that will potentially offer attractive current income by looking for bonds that can provide consistently attractive current yields or that are priced competitively. The fund aims for an average portfolio duration of 2 years within the portfolio duration of the benchmark index

What is the expense ratio of MINO?

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is MINO's dividend yield?

MINO's trailing-twelve-month yield is 3.96%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MINO?

Effective duration measures MINO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MINO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MINO?

MINO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MINO?

Yield to maturity (YTM) is the total return you'd earn from MINO if every bond in the portfolio is held to maturity at the current price. MINO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.