Mairs & Power Minnesota Municipal Bond ETF
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.6%
1 yr return
10.9%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
N/A
Net Assets
$18.5 M
Holdings in Top 10
21.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MINN - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMairs & Power Minnesota Municipal Bond ETF
-
Fund Family NameN/A
-
Inception DateMar 11, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrent Miller
Fund Description
MINN - Performance
Return Ranking - Trailing
Period | MINN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -86.8% | 7.5% | 89.09% |
1 Yr | 10.9% | -48.9% | 15.3% | 85.46% |
3 Yr | -1.9%* | -21.5% | 51.9% | N/A |
5 Yr | N/A* | -5.9% | 29.0% | N/A |
10 Yr | N/A* | -3.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | MINN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -91.1% | 101.7% | N/A |
2022 | -13.4% | -79.2% | 102.5% | N/A |
2021 | N/A | -66.1% | 60.0% | N/A |
2020 | N/A | -57.4% | 7.6% | N/A |
2019 | N/A | -35.9% | 3.2% | N/A |
Total Return Ranking - Trailing
Period | MINN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -86.8% | 7.5% | 93.81% |
1 Yr | 10.9% | -48.9% | 15.4% | 85.51% |
3 Yr | -1.9%* | -21.5% | 51.9% | N/A |
5 Yr | N/A* | -5.9% | 29.0% | N/A |
10 Yr | N/A* | -3.6% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MINN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | -91.1% | 101.7% | N/A |
2022 | -12.3% | -79.2% | 102.5% | N/A |
2021 | N/A | -66.1% | 60.0% | N/A |
2020 | N/A | -57.4% | 7.6% | N/A |
2019 | N/A | -35.9% | 3.2% | N/A |
MINN - Holdings
Concentration Analysis
MINN | Category Low | Category High | MINN % Rank | |
---|---|---|---|---|
Net Assets | 18.5 M | 2.87 M | 73.9 B | 97.55% |
Number of Holdings | 97 | 1 | 14000 | 70.32% |
Net Assets in Top 10 | 4.03 M | -317 M | 8.64 B | 72.65% |
Weighting of Top 10 | 21.54% | 2.4% | 100.0% | 28.22% |
Top 10 Holdings
- First American Government Obligations Fund 3.44%
- Forest Lake Independent School District No 831 2.73%
- State of Minnesota 2.39%
- Anoka-Hennepin Independent School District No 11 2.25%
- City of Elk River MN Electric Revenue 1.86%
- Minnesota Higher Education Facilities Authority 1.83%
- County of Koochiching MN 1.79%
- Anoka-Hennepin Independent School District No 11 1.76%
- City of New Prague MN 1.76%
- Alden-Conger Independent School District No 242 1.73%
Asset Allocation
Weighting | Return Low | Return High | MINN % Rank | |
---|---|---|---|---|
Bonds | 98.27% | 0.00% | 150.86% | 98.91% |
Cash | 3.44% | -50.86% | 100.00% | 0.91% |
Stocks | 0.00% | -0.03% | 4.63% | 69.21% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 67.21% |
Other | 0.00% | -13.03% | 30.01% | 67.49% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 67.58% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MINN % Rank | |
---|---|---|---|---|
Cash & Equivalents | 3.44% | 0.00% | 100.00% | 0.96% |
Derivative | 0.00% | 0.00% | 21.68% | 67.40% |
Securitized | 0.00% | 0.00% | 5.93% | 68.13% |
Corporate | 0.00% | 0.00% | 9.99% | 74.43% |
Municipal | 0.00% | 0.00% | 100.00% | 98.72% |
Government | 0.00% | 0.00% | 52.02% | 70.50% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MINN % Rank | |
---|---|---|---|---|
US | 98.27% | 0.00% | 142.23% | 97.76% |
Non US | 0.00% | 0.00% | 62.14% | 92.24% |
MINN - Expenses
Operational Fees
MINN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.25% | 0.02% | 3.60% | 68.51% |
Management Fee | 0.25% | 0.00% | 1.10% | 36.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | 11.77% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
MINN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.90% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
MINN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MINN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | N/A |
MINN - Distributions
Dividend Yield Analysis
MINN | Category Low | Category High | MINN % Rank | |
---|---|---|---|---|
Dividend Yield | 2.75% | 0.00% | 35.27% | 97.54% |
Dividend Distribution Analysis
MINN | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MINN | Category Low | Category High | MINN % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.53% | 24.00% | 90.06% |
Capital Gain Distribution Analysis
MINN | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.051 | OrdinaryDividend |
Aug 26, 2024 | $0.044 | OrdinaryDividend |
Jul 25, 2024 | $0.054 | OrdinaryDividend |
Jun 24, 2024 | $0.045 | OrdinaryDividend |
Apr 25, 2024 | $0.048 | OrdinaryDividend |
Mar 25, 2024 | $0.045 | OrdinaryDividend |
Feb 23, 2024 | $0.042 | OrdinaryDividend |
Jan 25, 2024 | $0.033 | OrdinaryDividend |
Dec 18, 2023 | $0.064 | OrdinaryDividend |
Nov 20, 2023 | $0.035 | OrdinaryDividend |
Oct 23, 2023 | $0.041 | OrdinaryDividend |
Sep 21, 2023 | $0.033 | OrdinaryDividend |
Aug 23, 2023 | $0.034 | OrdinaryDividend |
Jul 21, 2023 | $0.031 | OrdinaryDividend |
Jun 22, 2023 | $0.033 | OrdinaryDividend |
May 19, 2023 | $0.030 | OrdinaryDividend |
Apr 20, 2023 | $0.026 | OrdinaryDividend |
Mar 23, 2023 | $0.038 | OrdinaryDividend |
Feb 17, 2023 | $0.024 | OrdinaryDividend |
Jan 23, 2023 | $0.018 | OrdinaryDividend |
Dec 16, 2022 | $0.038 | OrdinaryDividend |
Nov 18, 2022 | $0.024 | OrdinaryDividend |
Oct 21, 2022 | $0.026 | OrdinaryDividend |
Sep 22, 2022 | $0.025 | OrdinaryDividend |
Aug 23, 2022 | $0.027 | OrdinaryDividend |
Jul 21, 2022 | $0.025 | OrdinaryDividend |
Jun 22, 2022 | $0.024 | OrdinaryDividend |
May 19, 2022 | $0.022 | OrdinaryDividend |
Apr 21, 2022 | $0.020 | OrdinaryDividend |
Mar 23, 2022 | $0.029 | OrdinaryDividend |
Feb 17, 2022 | $0.018 | OrdinaryDividend |
Jan 21, 2022 | $0.014 | OrdinaryDividend |
Dec 21, 2021 | $0.033 | OrdinaryDividend |
Nov 18, 2021 | $0.016 | OrdinaryDividend |
Oct 22, 2021 | $0.021 | OrdinaryDividend |
Sep 23, 2021 | $0.018 | OrdinaryDividend |
Aug 24, 2021 | $0.018 | OrdinaryDividend |
Jul 23, 2021 | $0.021 | OrdinaryDividend |
Jun 23, 2021 | $0.019 | OrdinaryDividend |
May 21, 2021 | $0.012 | OrdinaryDividend |
Apr 23, 2021 | $0.002 | OrdinaryDividend |
MINN - Fund Manager Analysis
Managers
Brent Miller
Start Date
Tenure
Tenure Rank
Mar 11, 2021
1.22
1.2%
Mr. Miller has served as Assistant Portfolio Manager since joining Mairs & Power, Inc. in 2019. Mr. Miller began his career in 2011 as a fixed income analyst at The Travelers Companies in St. Paul, Minnesota from 2011 to 2019. Mr. Miller earned a BS from the University of Minnesota’s Carlson School of Management and went on to graduate with an MBA from Northwestern University’s Kellogg School of Management. He is a CFA charterholder.
Robert Thompson
Start Date
Tenure
Tenure Rank
Mar 11, 2021
1.22
1.2%
Robert W. Thompson, Vice President and Fixed Income Portfolio Manager of Mairs & Power, Inc. He was Vice President, Corporate Bonds at Advantus Capital Management from 2003 to 2016. Robert (Bob) W. Thompson joined the Adviser in 2016 and has served as Director of Fixed Income since July 1, 2019. He previously served as Vice President and Fixed Income Portfolio Manager since fall of 2016. He previously served as Assistant Vice President since joining the Adviser. Mr. Thompson has served as Co-Manager of the Balanced Fund since April 1, 2018. Prior to joining the Adviser, Mr. Thompson was Vice President, Corporate Bonds at Advantus Capital Management (now Securian Asset Management), in St. Paul, MN from 2003 to 2016 and before that he worked for Lutheran Brotherhood (now Thrivent Financial). Mr. Thompson earned a Bachelor of Accountancy from the University of North Dakota and a MBA in Finance from the University of Minnesota, Carlson School of Management. Mr. Thompson is a CFA charterholder and a Certified Public Accountant (inactive).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.21 | 1.58 |