If you previously used Mintos Loans portfolios, you may have noticed keep available feature is no longer enabled on Mintos. Here's why.
With Mintos Loans portfolios, any available funds in your account were automatically invested into loans. This worked well if you were investing only in loans. However, many investors now build portfolios across multiple asset classes, such as loans, bonds, and ETFs. To keep funds available for other investments, you previously had to manually set an amount to keep available.
Many investors, especially those newer to Mintos, weren’t aware of this step. As a result, all their funds could be automatically invested in loans, leaving no funds available for other asset classes. The new portfolio approach simplifies this. Instead of reserving funds to keep available, you now decide how much money each portfolio can invest. This makes it easier to manage different asset classes and ensures your money is invested according to your plan – without additional manual steps.
Automated portfolios include: Core Loans, Custom Loans, High-Yield Bonds portfolio, and ETF portfolios.
How you top up your automated portfolios from your available cash has changed. When you deposit funds into your Mintos account, they will no longer automatically draw from Core Loans and Custom Loans. Now, you decide exactly how much to top up each portfolio and when, giving you more control.
You can also schedule recurring investment plans for your automated portfolios, making it more convenient to make regular top ups. More about investment plans.
What’s changing?
- Keep available function is being removed
You no longer need to set keep available to hold funds in your available cash.
- Control when and how much
Deposits will no longer automatically top up your Core Loans and Custom Loans portfolio. You'll now decide the amount you want in your portfolio cash, giving you more control.
- Funds in your automated portfolios are separate
Each automated portfolio now works independently, using its own portfolio cash to make new investments.
Understanding your cash
- What is available cash?
This is where your deposits to Mintos arrive, and uninvested funds stay. Think of this as your holding area before you decide where to invest. To invest these funds, select Top up in the automated portfolio you want to add funds to.
- What is portfolio cash?
Each automated portfolio now holds its own cash. Funds you allocate to the respective portfolio from available cash will go here and be automatically invested by Core Loans, the High-Yield Bonds portfolio, ETFs, or according to your Custom Loans portfolio’s settings.
How do I invest in my automated portfolios?
- Make sure you have funds in available cash
- Go to the automated portfolio you want to invest in
- Select Top up
- Enter the amount you want to allocate to the portfolio
- Select Review, then Confirm
Your funds will move from available cash to your chosen portfolio cash and begin investing automatically according to the portfolio’s settings.
What's changing for Core Loans
- Core Loans no longer draws from available cash
Previously, Core Loans automatically drew from available cash to fund investments. Now you can top up the portfolio cash by one-time payments or set up an investment plan to schedule recurring top ups.
- No more goal value
Goal setting is no longer needed as you decide exactly how much to allocate to the portfolio and when. Funds will no longer be taken from your available cash automatically. Simply top up the amount you want.
- Portfolio cash
Core Loans and legacy Mintos strategies now have their own portfolio cash. Once you top up funds, they'll automatically start investing according to the portfolio’s settings.
What's changing for Custom Loans
- Shared portfolio cash
All your Custom Loans portfolios share one portfolio cash. Funds here are invested according to the priorities and each portfolio’s settings you've set across your custom portfolios.
What happens to repayments?
- Core Loans: Repayments return to that specific portfolio's portfolio cash and are automatically reinvested according to the portfolio’s settings.
- Custom Loans: Repayments return to your Custom Loans portfolio cash, which is shared amongst your Custom Loans portfolios and reinvested based on the priorities and each portfolio's settings.
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High-Yield Bonds portfolio: Coupon payments, principal repayments, and early redemption or payout events are all credited to your High-Yield Bonds portfolio cash and automatically reinvested according to the portfolio’s settings. The same applies to principal repayments at maturity.
What happens when I cash out or sell on the Secondary Market?
- Core Loans
When you cash out from Core Loans, the funds go to your available cash. From there, you can withdraw it from Mintos or continue to use it for further investments on Mintos.
If part of the cash out is late, pending, or in recovery, that amount will be paid out once it becomes available.
- Custom Loans
To access your invested funds, you have two options:
- Cash out through portfolio adjustments: Pause your Custom Loans portfolio and cash out when you have enough funds in your portfolio cash.
- Sell on the Secondary Market: Manually sell your investments on the Secondary Market to cash out directly to your available cash.
If part of the cash out is late, pending, or in recovery, that amount will be paid out once it becomes available.
- High-Yield Bonds portfolio
To cash out your invested funds, you need to have the amount you want available in your portfolio cash. Then select cash out from within the portfolio and enter the amount to withdraw. You can initiate a cash out1 at any time through the Secondary Market, subject to eligibility.
How are portfolio management fees charged?
Fees are automatically deducted from your portfolio cash.
Investing manually
There are no changes to investing in individual loans. If you invest manually, you'll invest directly from your available cash. All returns (interest and principal repayments) come straight back to available cash. Manual investing doesn’t use portfolio cash. To check your current manual investments, go to the Current investments tab. In the left-hand panel, open the Portfolio filter and select Manually made investments.
Disclaimer: Your capital is at risk. The value of your investments may go down as well as up.
1 Cash out will be executed at the prevailing market prices on the respective day and can take anywhere from a few minutes to a few days, depending on availability.