MINOvsTAXTETF Comparison
VS
PIMCO Municipal Income Opportunities Active ETF (MINO) and Northern Trust Tax-Exempt Bond ETF (TAXT) belong to the same industry segment: Municipal Bonds. MINO's top 2 sector exposures are Municipal and Sovereign. In contrast, TAXT's top sector exposures are Municipal. MINO is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.05% for TAXT. MINO is down -2.06% year-to-date (YTD) with +$441M in YTD flows. TAXT performs better with -0.53% YTD performance, and +$129M in YTD flows. Run a side-by-side ETF comparison of MINO and TAXT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MINO vs TAXT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MINO TAXT | -0.61%+0.65% | -3.87%-1.98% | -2.06%-0.53% | -1.54%+0.25% | +13.46%n/a | +2.26%n/a |
| Flows | MINO TAXT | +$125M+$80M | +$180M+$93M | +$441M+$129M | +$528M+$139M | +$817M- | +$866M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MINO TAXT | +5.61%+4.76% | +3.40%+2.91% | +3.98%n/a | +4.07%n/a |
| Max drawdown | MINO TAXT | -6.24%-5.04% | -6.92%-5.64% | -6.92%n/a | -16.36%n/a |
| Max drawdown duration | MINO TAXT | 92d92d | 103d102d | 103dn/a | 1006dn/a |
Trading data
MINO | TAXT | |
Last sale 10/19/2026 at 7:55 PM | $43.24 | $50.01 |
| Previous close 10/16/2026 | $43.23 | $49.95 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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MINO
is actively managed and doesn’t replicate an indexMINO | TAXT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 7:55 PM
Live
Closed
MINO | TAXT | |
|---|---|---|
| Last price | $43.24 | $50.01 |
| 1D performance | +0.01% | +0.13% |
| AuM | $872.85 M | $152.69 M |
| E/R | 0.49% | 0.05% |
Characteristics
MINO | TAXT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | PIMCO | Northern Trust |
| Benchmark | - | ICE All Maturity Focused Municipal Bond Index |
| N° of holdings | 116 | 573 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 8, 2021 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
MINO
USA
46.28%
Other
53.72%
TAXT
USA
44.71%
Other
55.29%
Sectors
MINO
Municipal
44.65%
Other
55.35%
TAXT
Municipal
44.71%
Other
55.29%
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Diversification
MINO
Total weight of top 15 holdings out of 15
17.47%
TAXT
Total weight of top 15 holdings out of 15
4.41%
Top 15 holdings
Data as of August 31, 2026
MINO
US20775DTS17
1.90%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.63%
Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)
1.49%
New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)
1.27%
US544446BA48
1.22%
US60412AM678
1.05%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.05%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.03%
US882118AS16
1.02%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
0.99%
Cuyahoga, 5% 1dec2051, USD (2026)
0.98%
US590545J420
0.98%
US5755793L99
0.97%
US45204FAH82
0.95%
US87638QSL40
0.95%
TAXT
University of California, 5% 15may2052, USD (2022)
0.45%
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
0.43%
New York Thruway Authority, 5% 15mar2049, USD
0.42%
US79771FLJ48
0.32%
US13077DUQ32
0.31%
US181000TQ31
0.27%
US84136HCT86
0.27%
Triborough Bridge and Tunnel Authority, 5% 15may2052, USD
0.25%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.25%
Indianapolis Local Public Improvement Bond Bank, 5% 1feb2033, USD
0.24%
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
0.24%
City of New York, 5.25% 1feb2053, USD (2026)
0.24%
South Dakota Conservancy District, 5% 1aug2056, USD (2026B)
0.24%
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
0.23%
US250375NB42
0.23%
Frequently asked questions about MINO and TAXT
How have the MINO and TAXT ETFs performed in 2026?
As of October 16, 2026, MINO is down -2.06% year-to-date (YTD), while TAXT has lost -0.53%. That puts TAXT better performer ahead so far this year.
Which ETF is attracting more investor money: MINO or TAXT?
Year-to-date, the MINO ETF saw +$441M in flows, compared to +$129M for TAXT.
Which ETF is more volatile: MINO or TAXT?
Over the past year, MINO had a volatility of 3.4%, while TAXT experienced 2.91%.
Which ETF is bigger: MINO or TAXT?
As of October 16, 2026, MINO holds $872.85 M in assets under management (AUM), while TAXT manages $152.69 M.
What sectors do the MINO and TAXT ETFs invest in?
MINO leans toward sectors like Municipal. Meanwhile, TAXT focuses on Municipal.
What are the top holdings of the MINO ETF and TAXT ETF?
MINO top holdings include US20775DTS17, USA, Notes 4.25% 31jul2028, USD (BE-2028) and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A). TAXT holds in its top three: University of California, 5% 15may2052, USD (2022), New York Urban Development Corp., 5% 15mar2042, USD (2017C) and New York Thruway Authority, 5% 15mar2049, USD.
Which ETF is more diversified: MINO or TAXT?
MINO holds 281 securities with 17.47% of its assets in the top 15. TAXT has 1408 securities and a top 15 weight of 4.41%.
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Latest news about MINO & TAXT
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXT
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