MINOPIMCO Municipal Income Opportunities Active Exchange-Traded Fund

Get income4y track recordRanked #466 of 1,622 in this goal

Seeks current income exempt from federal income tax and long-term capital appreciation.

By PIMCO · Launched 2021

Annual Cost

0.39%

#1,958 of 5,562 · average

Fund Size

$669M

#1,358 of 5,562 · large

Dividend YieldGoal

3.87%

Track Record

4 years

#2,456 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,763+7.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

Bloomberg Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 24.9% of fund✓ well diversified

N/A

15.9%

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE

1.8%

LIBERTY HILL INDEPENDENT SCHOOL DISTRICT

1.1%

BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY

1.0%

COLORADO HEALTH FACILITIES AUTHORITY

1.0%

GOLDEN STATE TOBACCO SECURITIZATION

0.9%

ARKANSAS DEVELOPMENT FINANCE AUTHORITY

0.9%

NEW YORK STATE DORMITORY AUTHORITY

0.8%

MAIN STREET NATURAL GAS INC

0.8%

FHLMC MULTIFAMILY VRD CERTIFICATES

0.7%

Asset allocation

Bonds

98.6%

Cash

1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-15.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.30Below average

Sortino (3Y)

0.40Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.2 years

Credit ratings

US Government

5.6%

AAA

13.2%

46.5%

24.4%

BBB

9.2%

3.3%

1.4%

Below B

2.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks current income exempt from federal income tax and long-term capital appreciation.
Strategy: Invests primarily in Municipal Bonds exempt from federal income tax, targeting at least 80% of assets in these securities. May invest up to 30% in high yield securities rated below investment grade. Focuses on bonds with attractive current yields, including private activity bonds subject to AMT. Portfolio duration typically varies within ±2 years of the Bloomberg Municipal Bond Index. May also invest in other fixed income instruments and derivatives, seeking market exposure through various investment techniques.
Inception date: September 8, 2021
Fund family: PIMCO