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MINO vs PVI

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund vs Invesco Floating Rate Municipal Income ETF

MINO

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

Annual cost

0.39%

Fund size

$623M

PVI

Invesco Floating Rate Municipal Income ETF

Annual cost

0.25%

Fund size

$31M

Key differences

  • PVI costs 0.14% less per year.
  • MINO is significantly larger than PVI — larger funds tend to be more liquid and less likely to close.
  • MINO follows a active selection strategy; PVI uses index tracking.
  • Over the last 3 years, MINO has delivered higher annualized returns.
  • PVI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MINOPVI
Annual cost (TER)0.39%0.25%
Fund size (AUM)$623M$31M
Since20212007
Dividend yield3.83%2.16%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+7.7%+2.0%
CAGR 3Y+5.3%+2.6%
CAGR 5YN/A+1.9%
Sharpe 3Y0.38-0.40
Volatility 1Y2.74%2.62%
Max drawdown-15.24%-1.16%

Similar to MINO and PVI