MINT’s investment objective is to seek maximum current income alongside preservation of capital and daily liquidity. MINT is an actively-managed bond ETF that looks to provide greater income and total return than conventional money market funds. It will invest at least 65% of the fund (under normal circumstances) in short duration, investment grade debt and the average duration of the portfolio will not exceed 1 year.MINT’s investment objective is to seek maximum current income alongside preservation of capital and daily liquidity. MINT is an actively-managed bond ETF that looks to provide greater income and total return than conventional money market funds. It will invest at least 65% of the fund (under normal circumstances) in short duration, investment grade debt and the average duration of the portfolio will not exceed 1 year.
PIMCO
MUNI is an Active ETF that is intended for investors looking for tax-exempt income. It invests at least 80% of its assets (under normal conditions) in intermediate duration, high quality municipal bonds which provide interest income that is free from federal and sometimes state tax. The fund can only invest in US dollar, investment-grade bonds which are selected for the fund through research done on the credit quality of the issuing municipalities with an effort to avoid weak issuers.
SMMU looks to invest at least 80% of its assets (under normal conditions) in municipal bonds that provide interest income free from federal tax, in order to provide tax-exempt income alongside capital preservation. The fund may invest in US$ investment grade securities rated Baa or higher by Moody’s. The average duration of SMMU is not expected to be beyond 3 years. The fund also has restrictions on how much of the fund can be invested in municipal bonds that are financing similar projects.
