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MINT vs TBLL

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

MINTBNYSE Arca

Invesco Short Term Treasury ETF

TBLLANYSE Arca

Overlap

No data

Expense ratio

TBLL −0.28pt a year

MINT0.36%TBLL0.08%

Avg volume · 30D

MINT 6.0×the volume

MINT1.89MTBLL313K

5Y return · a year

MINT +0.1pt

MINT+3.8%TBLL+3.7%

MINT vs TBLL Performance

Oct 29, 2021 – Oct 30, 2026

+20.6%MINT+19.7%TBLL

Oct 29, 2021 to Oct 30, 2026. MINT +20.6%. TBLL +19.7%. Use the arrow keys to read each point.0%5%10%15%Oct 2021Apr 2024Oct 2026
Expense ratio
MINT 0.36%
TBLL 0.08%, better
Fund size
MINT $18.3B
TBLL $2.9B
1Y total return
MINT +4.2%, better
TBLL +3.6%
Yield (12M)
MINT 4.08%, better
TBLL 3.59%
Holdings
MINT 1076
TBLL 90
Avg volume (30D)
MINT 1.89M sh, better
TBLL 313K sh
NAV per share
MINT $100.70
TBLL $105.62
52W range

ETF.net Grade

MINT: Cost 6, Risk 61, Mission 100, Tradability 80, Holdings 91, Durability 88. TBLL: Cost 89, Risk 44, Mission 100, Tradability 80, Holdings 66, Durability 80.
Pillar letters and Scores for MINT, TBLL, with each pillar’s weight
PillarMINTTBLL
Cost30% weightF6A89Higher
Mission25% weightA100A100
Risk15% weightB61HigherC44
Tradability15% weightA80A80
Holdings10% weightA91HigherB66
Durability5% weightA88HigherA80

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MINT and TBLL are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

TBLL ranks 4th and MINT 36th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  4. Rank 4ATBLLInvesco Short Term Treasury ETFScore 80
  5. Rank 4AVBILVanguard 0-3 Month Treasury Bill ETFScore 80
  6. Rank 36BFTSMFirst Trust Enhanced Short Maturity ETFScore 61
  7. Rank 36BMINTPIMCO Enhanced Short Maturity Active Exchange-Traded FundScore 61
  8. Rank 36BVNLAJanus Henderson Short Duration Income ETFScore 61

Our read on each fund

ETF.net Research

MINTBPIMCO Enhanced Short Maturity Active Exchange-Traded Fund

TBLLAInvesco Short Term Treasury ETF

In short

MINT PIMCO's parking spot for cash, running since 2009: an active ultra-short bond portfolio of roughly 800 positions built around current income, capital preservation and daily liquidity, paying out monthly.

TBLL The bill fund that stretches to a full year. TBLL owns U.S. Treasuries maturing in one year or less and charges 0.08%, well under the typical fund in its 0-1 year Treasury group.

Stated mandate

MINT The Fund seeks maximum current income while emphasizing capital preservation and daily liquidity and applying PIMCO’s ESG investment strategy.

TBLL The fund invests primarily in U.S. Treasury obligations with maturities of one year or less and seeks exposure to the ICE U.S. Treasury Short Bond Index.

Why people hold it

  • MINT Trading since 2009 and now a multi-billion-dollar fund that changes hands actively, it sits in the upper half of its cash-alternative peer group on execution and portfolio quality.
  • The mandate is plain: maximum current income while emphasizing capital preservation and daily liquidity. Fully active, so managers can shift as short-rate conditions change instead of tracking an index.
  • About 800 positions, so no single issuer sets the tone. Income is distributed monthly.
  • TBLL Charges 0.08% a year against a 0.14% median for its 0-1 year Treasury cohort, and undercuts BIL, the 1-3 month bill fund at 0.14%.
  • Fishes the entire under-one-year curve, about 90 Treasury positions, instead of camping in 1-3 month paper like much of the peer shelf.
  • Live since 2017 and a multi-billion-dollar fund, with index tracking among the tighter implementations in its 17-fund group.
  • Distributions land monthly, and the portfolio is Treasury obligations only, so no corporate credit rides along.

Worth knowing

  • MINT At 0.36%, it costs more than the 0.20% cash-alternative median and well above ICSH (0.08%) and JPST (0.18%). Active management is what the extra buys.
  • The stated objective folds in PIMCO's ESG investment strategy, which narrows the eligible issuer pool versus a plain ultra-short mandate.
  • A 1940 Act fund holding short-maturity bonds, not a bank deposit: the share price moves and principal isn't insured.
  • TBLL Not the cheapest seat in the row: XONE runs 0.03% and VBIL 0.06%, so the cost gap is a few basis points.
  • Reaching out to one-year maturities carries slightly more interest-rate sensitivity than a strict 1-3 month bill portfolio.
  • Moderately traded rather than the volume leader of its category, so spreads deserve a look on larger orders.

Full MINT profile⁠

Full TBLL profile⁠

MINT vs TBLL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MINT vs TBLL Cost

Overpaying MINT vs TBLL

$5,631

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MINT 0.36%

    $7,320

  • TBLL 0.08%

    $1,689

$10,000
30 years

Cost over time

  • MINT 0.36%
  • TBLL 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MINT $7,320TBLL $1,689

Year by year

YearMINTTBLLOverpaying
10$652$147$505
20$2,522$575$1,947
30$7,320$1,689$5,631

Expense ratio

  • 0.36%MINT
  • 0.08%TBLL, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

TBLL 10th cheapest of 78 funds

MINT 74th cheapest of 78 funds

MINT vs TBLL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MINT 4.08%, better
TBLL 3.59%
Payout (12M)
MINT $4.11
TBLL $3.79
Last payment
MINT $0.33
TBLL $0.34
Ex-dividend
MINT Oct 1, 2026
TBLL Oct 19, 2026
Paid on
MINT Oct 5, 2026
TBLL Oct 23, 2026
Frequency
MINT Monthly
TBLL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MINTMonthly · 45 paymentsAll MINT payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.33; Mar 1, 2023 $0.33; Apr 3, 2023 $0.39; May 1, 2023 $0.36; Jun 1, 2023 $0.41; Jul 3, 2023 $0.43; Aug 1, 2023 $0.41; Sep 1, 2023 $0.45; Oct 2, 2023 $0.45; Nov 1, 2023 $0.42; Dec 1, 2023 $0.46; Dec 28, 2023 $0.47; Feb 1, 2024 $0.43; Mar 1, 2024 $0.44; Apr 1, 2024 $0.45; May 1, 2024 $0.43; Jun 3, 2024 $0.46; Jul 1, 2024 $0.44; Aug 1, 2024 $0.45; Sep 3, 2024 $0.47; Oct 1, 2024 $0.43; Nov 1, 2024 $0.43; Dec 2, 2024 $0.42; Dec 31, 2024 $0.40; Feb 3, 2025 $0.42; Mar 3, 2025 $0.40; Apr 1, 2025 $0.40; May 1, 2025 $0.40; Jun 2, 2025 $0.40; Jul 1, 2025 $0.38; Aug 1, 2025 $0.38; Sep 2, 2025 $0.38; Oct 1, 2025 $0.38; Nov 3, 2025 $0.38; Dec 1, 2025 $0.37; Dec 31, 2025 $0.36; Feb 2, 2026 $0.34; Mar 2, 2026 $0.34; Apr 1, 2026 $0.34; May 1, 2026 $0.33; Jun 1, 2026 $0.33; Jul 1, 2026 $0.32; Aug 3, 2026 $0.34; Sep 1, 2026 $0.34; Oct 1, 2026 $0.33. Use the arrow keys to read each point.$0$0.5020232026YTD
TBLLMonthly · 46 paymentsAll TBLL payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.32; Feb 21, 2023 $0.32; Mar 20, 2023 $0.37; Apr 24, 2023 $0.37; May 22, 2023 $0.40; Jun 20, 2023 $0.39; Jul 24, 2023 $0.43; Aug 21, 2023 $0.44; Sep 18, 2023 $0.43; Oct 23, 2023 $0.45; Nov 20, 2023 $0.47; Dec 18, 2023 $0.49; Jan 22, 2024 $0.45; Feb 20, 2024 $0.46; Mar 18, 2024 $0.44; Apr 22, 2024 $0.43; May 20, 2024 $0.44; Jun 24, 2024 $0.44; Jul 22, 2024 $0.46; Aug 19, 2024 $0.47; Sep 23, 2024 $0.44; Oct 21, 2024 $0.43; Nov 18, 2024 $0.42; Dec 23, 2024 $0.37; Jan 21, 2025 $0.39; Feb 24, 2025 $0.37; Mar 24, 2025 $0.36; Apr 21, 2025 $0.35; May 19, 2025 $0.33; Jun 23, 2025 $0.37; Jul 21, 2025 $0.38; Aug 18, 2025 $0.35; Sep 22, 2025 $0.35; Oct 20, 2025 $0.35; Nov 24, 2025 $0.33; Dec 22, 2025 $0.35; Jan 20, 2026 $0.33; Feb 23, 2026 $0.32; Mar 23, 2026 $0.30; Apr 20, 2026 $0.27; May 18, 2026 $0.32; Jun 22, 2026 $0.32; Jul 20, 2026 $0.31; Aug 24, 2026 $0.30; Sep 21, 2026 $0.32; Oct 19, 2026 $0.34. Use the arrow keys to read each point.$0$0.5020232026YTD

MINT vs TBLL Risk

Fall from peak · 5 years

  • MINT
  • TBLL
Oct 29, 2021 to Oct 30, 2026. Worst fall: MINT −2.3% · Jun 2022. Use the arrow keys to read each point.−2.5%−2%−1.5%−1%−0.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MINT 0.4%TBLL 0.3%, better
Return per unit of riskSharpe ratio, 3 years
MINT 1.69, betterTBLL −0.66
Worst fallMax drawdown, 5 years
MINT −2.3%TBLL −0.4%, better
Market sensitivityBeta, 5 years
MINT 0.02TBLL 0.01

MINT and TBLL in the news

All news⁠

Popular comparisons

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