MINT / FLOT: This Floating-Rate ETF Has Limited Appeal

Short term bond fund, PIMCO Enhanced Short Maturity Active ETF, has delivered steady total returns in 2023, outperforming other cash parking vehicles more_horizontal

For investors seeking momentum, PIMCO Enhanced Short Maturity Active ETF MINT is probably on radar. The fund just hit a 52-week high and is up 1.99% f more_horizontal

We think MINT will yield close to 5.8% in the coming months. We consider trailing and current yield metrics to be beyond useless when analyzing the fo more_horizontal

Ultrashort ETFs like PIMCO Enhanced Short Maturity Active ETF are now yielding at levels not seen since the 2008-09 financial crisis, but have they pe more_horizontal

The unprecedented speedy tightening monetary cycle we're still witnessing has caused a tremendous shift in attitude and investing style. Following man more_horizontal

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%. more_horizontal

ETFs started out as just another form of index-matching alternative to mutual funds. But today, there are now over 1000 actively managed ETFs. more_horizontal

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 yi more_horizontal