MINN

Mairs & Power Minnesota Municipal Bond ETF

$22.48

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Mairs & Power Minnesota Municipal Bond ETF seeks to provide current income that is exempt from federal and Minnesota state income taxes, while preserving capital.

Overview

ETF tracking Mairs & Power Minnesota Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2021-03-12

Market Cap $28.1M

Average Volume N/A

Dividend Yield 2.39%

52-Week Range $21.29 - $22.61

VWAP $22.52

Performance

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Investment Summary

📎 Investment Objective

The Mairs & Power Minnesota Municipal Bond ETF seeks to provide current income that is exempt from federal and Minnesota state income taxes, while preserving capital.

🎯 Investment Strategy

The ETF invests primarily in investment-grade municipal bonds issued by the state of Minnesota and its local governments. The fund aims to maintain a high-quality, diversified portfolio with a focus on intermediate-term maturities.

✨ Key Features

Focuses on municipal bonds from the state of Minnesota
Targets investment-grade securities to provide tax-exempt income
Intermediate-term maturity profile to balance yield and interest rate risk
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the issuers of the municipal bonds
Concentration risk: The fund's focus on Minnesota municipal bonds makes it vulnerable to economic and political developments in the state
Liquidity risk: The municipal bond market can experience periods of lower liquidity, which may impact the fund's ability to sell holdings

👤 Best For

This ETF may be suitable for Minnesota-based investors seeking tax-exempt income and relatively low-risk exposure to the municipal bond market. It could be a component of a diversified fixed-income portfolio for investors with a moderate risk tolerance and intermediate-term investment horizon.