MINT vs VUSB: Grades, Fees and Holdings Compared

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

MINTBNYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.26pt a year

MINT0.36%VUSB0.10%

Avg volume · 30D

VUSB 1.04×the volume

MINT1.89MVUSB1.97M

5Y return · a year

MINT +0.1pt

MINT+3.8%VUSB+3.7%

MINT vs VUSB Performance

Oct 29, 2021 – Oct 30, 2026

+20.6%MINT+20.0%VUSB

Expense ratio: MINT 0.36%; VUSB 0.10%, better
Fund size: MINT $18.3B; VUSB $9.9B
1Y total return: MINT +4.2%, better; VUSB +3.7%
Yield (12M): MINT 4.08%; VUSB 4.27%, better
Holdings: MINT 1076; VUSB 1348
Avg volume (30D): MINT 1.89M sh; VUSB 1.97M sh, better
NAV per share: MINT $100.70; VUSB $49.62
52W range

ETF.net Grade

Pillar letters and Scores for MINT, VUSB, with each pillar’s weight
Pillar	MINT	VUSB
Cost30% weight	F6	A84Higher
Mission25% weight	A100	A100
Risk15% weight	B61Higher	C53
Tradability15% weight	A80Higher	B66
Holdings10% weight	A91Higher	A90
Durability5% weight	A88	A89Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. MINT and VUSB 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 ›

VUSB ranks 3rd and MINT 36th of 78 funds in the Cash & Ultra-Short Income Category.

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

Our read on each fund

ETF.net Research

MINTBPIMCO Enhanced Short Maturity Active Exchange-Traded Fund

VUSBAVanguard Ultra-Short Bond 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.

VUSB Vanguard's first actively managed bond ETF, run by its in-house fixed income team and priced at 0.10%. It holds investment-grade paper maturing inside two years: a step past a money fund, well short of a real bond fund.

Stated mandate

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

VUSB The fund seeks current income with limited price volatility while investing in diversified high- and medium-quality fixed-income securities. It expects to maintain a dollar-weighted average maturity of 0–2 years.

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.

VUSB At 0.10%, it costs half the typical ultra-short bond ETF and undercuts the other leaders in the group: SHV, PULS, FLDR and DUSB all charge 0.15%.
Active, not adventurous. The managers buy investment-grade bonds (A3-or-better high quality plus BBB-tier medium quality) and hold average maturity to zero-to-two years.vanguard.com
Income lands monthly, sourced from roughly 170 bonds, so no single issuer drives the outcome.
A multi-billion-dollar fund that trades actively, and the same portfolio team also runs a similar Vanguard ultra-short fund.vanguard.com

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.

VUSB This is not a money market fund. No fixed $1 share price, and the market price can trade above or below the value of the holdings.vanguard.com
The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.vanguard.com
Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.vanguard.com

Full MINT profile⁠

Full VUSB profile⁠

MINT vs VUSB Holdings

How MINT and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile93.1%
Asset classFixed Income100%

Sector

No Sector split for MINT and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in MINT and VUSB, widest gap first
Country	More in MINTMore in VUSB	MINT	VUSB
Japan	MINT +2.0 points	4.1%	2.1%
United Kingdom	MINT +1.7 points	5.2%	3.5%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.4 points	0.2%	1.6%
Cayman Islands	VUSB +1.3 points	1.2%	2.5%
United States	VUSB +1.1 points	75.8%	76.9%
Spain	MINT +0.9 points	1.6%	0.7%
France	MINT +0.8 points	1.4%	0.6%
Other countries (17)	MINT +0.1 points	10.5%	10.4%

Concentration

Weight in the 10 largest Holdings

MINT9.2%
VUSB11.2%

Securities held

MINT1,074
VUSB1,342

Asset class

MINT: Fixed Income
VUSB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. MINT holds 1,074 securities, VUSB 1,342.

All 811 MINT holdings⁠All VUSB 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 VUSB Cost

Overpaying MINT vs VUSB

$5,214

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

MINT 0.36%
$7,320
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

MINT 0.36%
VUSB 0.10%
Overpaying

Year by year

Year	MINT	VUSB	Overpaying
10	$652	$183	$469
20	$2,522	$717	$1,805
30	$7,320	$2,106	$5,214

Expense ratio

0.36%MINT
0.10%VUSB, cheaper

VUSB0.10%MINT0.36%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

VUSB 13th cheapest of 78 funds

MINT 74th cheapest of 78 funds

MINT vs VUSB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MINT 4.08%; VUSB 4.27%, better
Payout (12M): MINT $4.11; VUSB $2.12
Last payment: MINT $0.33; VUSB $0.18
Ex-dividend: MINT Oct 1, 2026; VUSB Oct 1, 2026
Paid on: MINT Oct 5, 2026; VUSB Oct 5, 2026
Frequency: MINT Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MINTMonthly · 45 paymentsAll MINT payments⁠

VUSBMonthly · 45 paymentsAll VUSB payments⁠

MINT vs VUSB Risk

Fall from peak · 5 years

MINT
VUSB

Risk facts

VolatilityStd dev, 3 years: MINT 0.4%, betterVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: MINT 1.69, betterVUSB 0.86
Worst fallMax drawdown, 5 years: MINT −2.3%VUSB −1.7%, better
Market sensitivityBeta, 5 years: MINT 0.02VUSB 0.10; Market = 1

MINT and VUSB in the news

All news⁠

Best ETFs
T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%
Updated Nov 2, 2026MINT

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MINT vs VUSB

In short

Stated mandate

Why people hold it

Worth knowing

How MINT and VUSB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%

How MINT and VUSB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings