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ETFs

PIMCO Municipal Income Opportunities Active ETF

MINO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 08 2021
Expense Ratio
0.39%
Type
US Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$708,298
AUM
$79,828,658
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US DOLLAR
3.06%
n/a
SOUTHCENTRL PA GEN AUTH REVENU SCAGEN 06/37 ADJUSTABLE VAR
2.51%
n/a
COLORADO ST HLTH FACS AUTH REV COSMED 05/62 ADJUSTABLE VAR
1.94%
n/a
BLACK BELT ENERGY GAS DIST AL BBEUTL 06/49 ADJUSTABLE VAR
1.81%
n/a
CALIFORNIA ST INFRASTRUCTURE CASDEV 01/50 ADJUSTABLE VAR
1.50%
n/a
CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/49 ADJUSTABLE VAR
1.37%
n/a
MASSACHUSETTS ST MAS 10/47 FIXED 5.25
1.35%
n/a
SCOTT CNTY KY SCH DIST FIN COR SCOEDU 09/41 FIXED 5
1.33%
n/a
PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0
1.33%
n/a
ILLINOIS ST SALES TAX REVENUE ILSGEN 06/31 FIXED 5
1.33%
Invest with MINO

What is MINO?

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 ). The Fund may invest up to 30% of its assets in high yield securities. 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.

ETFs related toMINO

ETFs correlated to MINO include SCMB, JMUB, CGMU

MINO
Pimco Exchange Traded Fund - PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MINO is a US Bonds ETF. 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 ). The Fund may invest up to 30% of its assets in high yield securities. 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.

Yes, MINO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MINO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MINO is -0.0132%. This is the percent change in the value of MINO over the most recent 1-month period. The 3-month return on MINO is -0.0269%. This is the percent change in the value of MINO over the most recent 3-month period.

The standard deviation of MINO for the past year is 0.0486%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MINO include SUB, HYD, and CMF.

ETFs correlated to MINO include SCMB, JMUB, and CGMU.

ETFs that are inversely correlated to MINO include TTT, TMV, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.