SPSB - PIMCO's MINT: Well-Run But Easily Topped With Low-Cost Competitors
Investment Thesis
PIMCO Enhanced Short Maturity Active ETF (MINT), while a well-managed and low-cost way to maximize income and preserve capital, is nevertheless inferior to the benefits achieved from investing in a similar low-cost, short-duration, passively-managed bond index fund. In this ETF review, we will find if the evidence supports my assertion about this fund.
Fund Background
From the fund's website, MINT is an ETF that "seeks maximum current income, consistent with preservation of capital and daily liquidity." The website lists six potential advantages of MINT:
- Increased return potential
- Capital preservation focus