MINNMairs & Power Minnesota Municipal Bond ETF

Get income5y track recordRanked #812 of 1,622 in this goal

Seeks current income that is exempt from federal and Minnesota state income tax consistent with the preservation of capital.

By Mairs & Power · Launched 2021

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$47M

#3,628 of 5,562 · mid-size

Dividend YieldGoal

3.00%

Track Record

5 years

#2,326 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,673+6.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 23.7% of fund✓ well diversified

MINNESOTA ST

3.2%

MINNESOTA ST

3.2%

SOUTH WASHINGTON CNTY MN INDEP

3.1%

MINNESOTA ST

2.9%

MANKATO MN INDEP SCH DIST #77

2.8%

RAMSEY CNTY MN

1.9%

BLOOMINGTON MN

1.9%

MINNEAPOLIS MN SPL SCH DIST #1

1.6%

INVER GROVE HEIGHTS MN INDEP S

1.6%

MINNESOTA ST DEPT IRON RANGE R

1.6%

Asset allocation

Bonds

97.9%

Other

1.3%

Cash

0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.3%Low

Year-on-year price swings

Max drawdown

-18.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.01Below average

Sortino (3Y)

0.01Moderate downside risk

Bond profile

Duration

4.5 years

Avg maturity

10.5 years

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks current income that is exempt from federal and Minnesota state income tax consistent with the preservation of capital.
Strategy: Invests primarily in municipal bonds and debt securities exempt from federal and Minnesota state income tax. At least 80% of net assets in Municipal Debt Securities, primarily from Minnesota issuers. May invest up to 20% in taxable securities. Focuses on investment-grade securities, with up to 25% in non-investment-grade. Actively managed with a buy-and-hold strategy, seeking income rather than capital returns.
Inception date: March 11, 2021
Fund family: Mairs & Power