ETF overview
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in municipal debt securities that pay interest that is exempt from regular federal income tax and Minnesota state income tax (collectively, "Municipal Securities"). It may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax ("AMT"). The fund is non-diversified.
Fund facts
- Expense ratio
- 0.25%
- Fund assets
- 51.86M USD (all share classes)
- Issuer
- Mairs & Power
- Inception date
- Mar 12, 2021
- Number of holdings
- 129
Breakdown
Holdings (129)
| Name | Ticker | Weight |
|---|---|---|
| Minnesota Housing Finance Agency 2.1% 07/01/2041 | 3.33% | |
| Stillwater Independent School District No 834 5% 02/01/2035 | 2.21% | |
| State of Minnesota 5% 08/01/2037 | 2.06% | |
| State of Minnesota 5% 08/01/2034 | 2.04% | |
| State of Minnesota 5% 08/01/2039 | 2.02% | |
| University of Minnesota 5% 04/01/2039 | 2.01% | |
| City of St Cloud MN 5% 05/01/2036 | 2.01% | |
| South Washington County Independent School District No 833/MN 5% 02/01/2037 | 1.98% | |
| City of Rochester MN 5% 11/15/2042 | 1.95% | |
| Metropolitan Council 5% 03/01/2043 | 1.95% | |
| and 116 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
Mairs & Power Minnesota Municipal Bond ETF (MINN)
- Expense ratio
- 0.25%
- Fund assets
- 51.86M USD (all share classes)
- Issuer
- Mairs & Power
- Inception date
- Mar 12, 2021
- Number of holdings
- 129
| Name | Ticker | Weight |
|---|---|---|
| Minnesota Housing Finance Agency 2.1% 07/01/2041 | 3.33% | |
| Stillwater Independent School District No 834 5% 02/01/2035 | 2.21% | |
| State of Minnesota 5% 08/01/2037 | 2.06% | |
| State of Minnesota 5% 08/01/2034 | 2.04% | |
| State of Minnesota 5% 08/01/2039 | 2.02% | |
| University of Minnesota 5% 04/01/2039 | 2.01% | |
| City of St Cloud MN 5% 05/01/2036 | 2.01% | |
| South Washington County Independent School District No 833/MN 5% 02/01/2037 | 1.98% | |
| City of Rochester MN 5% 11/15/2042 | 1.95% | |
| Metropolitan Council 5% 03/01/2043 | 1.95% | |
| and 116 more | ||
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in municipal debt securities that pay interest that is exempt from regular federal income tax and Minnesota state income tax (collectively, "Municipal Securities"). It may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax ("AMT"). The fund is non-diversified.
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