Family: | Mairs & Power |
Name: | Mairs & Power Minnesota Municipal Bond Exchange Traded Fund |
Inception Date: | 12-Mar-2021 |
Termination Date: | |
Investment Objective: | 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 ). Generally, these Municipal Securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, and by other qualified issuers located in Minnesota. The Fund may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax. |
Prospectus | |
Top 10 Holdings | ||
Top 10 Holdings Weight: |
Number of Holdings: | |
Shares Outstanding: | 1,060,000 |
Total Net Assets: | 23,097,400 |
NAV: | 21.88 |
Net Expense Ratio: | 0.25% |
Asset Class: | Bonds |
Developed or Emerging: | Developed Market Funds |
Country: | US |
Region: | |
Strategy: | |
Currency: | |
Commodity: | |
Sector: | |
Industry: | |
Dividend Type: | |
Tax Exempt State: | Municipal - Minnesota |
Maturity Duration: | Fund Holds All Maturity Ranges |
Market Cap: | |
Credit Quality: | Investment Grade Only |
Mortgage Bond Types: | |
Bond Type: | Municipal |
Gov't Bond Types: | |
Reit Type: | |
Leverage Direction/Factor: | |
Is Currency Hedged: | No |
US or Ex-US: | Domestic |