- What does MINN invest in?
- 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.
- What is the expense ratio of MINN?
- Mairs & Power Minnesota Municipal Bond ETF (MINN) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MINN's dividend yield?
- MINN's trailing-twelve-month yield is 3.09%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MINN?
- Effective duration measures MINN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MINN's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MINN?
- MINN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MINN?
- Yield to maturity (YTM) is the total return you'd earn from MINN if every bond in the portfolio is held to maturity at the current price. MINN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
