PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
$43.08−0.48 (−1.11%)
- Expense ratio
- 0.49%
- Fund size
- $762M
- 1Y return
- +0.0%
- Yield · Last 12 months
- 4.04%
- Volume · 30D
- 0.1M sh
- NAV per share
- $43.57
- 52W range
The ETF.net MINO Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 76Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on MINO
BAn actively run muni fund from PIMCO's credit desk: federally tax-free income hunted across the whole ratings ladder, with room for up to 30% junk munis. Most big muni ETFs simply track an index. This one shops.
The Fund seeks current income exempt from federal income tax and long-term capital appreciation.
Why people hold it
- Prospectus allows up to 30% of total assets in below-investment-grade munis, so managers can buy bonds index funds screen out. Roughly 240 positions do the work.finance.yahoo.com
- Built for tax-aware income: the stated objective is current income exempt from federal income tax plus long-term capital appreciation, and distributions land monthly.pimco.com
- Active credit picking with a leash: portfolio duration normally stays within two years either side of the Bloomberg Municipal Bond Index.finance.yahoo.com
- The portfolio has stayed tightly aligned with the muni mandate in its filings, and it sits in the upper half of its municipal-bond peer group.
Worth knowing
- At 0.49% a year it costs well above the muni cohort median of 0.30%, and many multiples of index staples like VTEB (0.03%) and MUB (0.05%).
- High-yield munis can be thinly traded and carry real default risk. That is the trade-off behind the extra income this mandate reaches for.finance.yahoo.com
- A mid-size fund with moderate trading activity, so spreads can run wider than the category's busiest names.
MINO Holdings
- Bonds
- —
- 11%
- IOWA ST FIN AUTH REVENUE IASGEN 08/36 FIXED 5 5.00% 08/01/2036
Sectors
- Municipal99.8%
- Securitized0.2%
MINO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MINO |
|---|---|
| Year to date | −1.4% |
| 1 month | −2.4% |
| 3 months | −3.6% |
| 1 year | +0.0% |
| 3 years | +4.1% |
| 5 years | +0.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MINO |
|---|---|---|
| 2026 YTD | −1.4% | |
| 2025 | +4.4% | |
| 2024 | +3.1% | |
| 2023 | +8.4% | |
| 2022 | −10.4% | |
| 2021 | +0.3% |
MINO in the news
ETF.net Research hasn’t filed on MINO yet — coverage lands here as it’s written.
MINO Dividends
- 4.04%
- $1.76
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.13 |
| Aug 3, 2026 | Aug 5, 2026 | $0.14 |
| Jul 1, 2026 | Jul 6, 2026 | $0.15 |
| Jun 1, 2026 | Jun 3, 2026 | $0.15 |
| May 1, 2026 | May 5, 2026 | $0.15 |
| Apr 1, 2026 | Apr 3, 2026 | $0.15 |
| Mar 2, 2026 | Mar 4, 2026 | $0.15 |
| Feb 2, 2026 | Feb 4, 2026 | $0.15 |
| Dec 31, 2025 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 3, 2025 | $0.15 |
| Nov 3, 2025 | Nov 5, 2025 | $0.15 |
| Oct 1, 2025 | Oct 3, 2025 | $0.14 |
MINO Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.03
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MINO Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
54 of the 62 Other Municipal Bond funds charge less.