Symbols

MINN

Mairs & Power Minnesota Municipal Bond ETF·CBOE

--(--)

Key Stats

Assets Under Management

36.90MUSD

Fund Flows (1Y)

12.44MUSD

Dividend Yield

3.24%

Discount/Premium to NAV

0.56%

Shares Outstanding

1.60M

Expense Ratio

0.25%

About Mairs & Power Minnesota Municipal Bond ETF

Issuer

Mairs & Power, Inc.

Brand

Mairs & Power

Home Page

https://www.mairsandpower.com/funds/mn-muni-bond-etf

Inception Date

Mar 12, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Mairs & Power, Inc.

Distributor

Foreside Fund Services LLC

MINN targets municipal securities with interest income that is exempted from federal and Minnesota state income tax. The fund primarily invests in all types of muni bonds of any maturity that is issued by state of Minnesota, its political subdivisions, and agencies. At least 75% of its holdings will be in investment-grade securities and could have up to 25% in high-yield. The fund could still invest up to 20% in taxable debt securities, including AMT. As an actively managed, MINN can make investment decisions at its own discretion.