Mairs & Power Minnesota Municipal Bond ETF
MINN
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 East 7th Street, Suite 2500 Saint Paul MN United States of America 55101
- IPO Date
- Mar 12, 2021
- Website
- mfs.com
- Similar Companies
- Business
- Mairs & Power Minnesota Municipal Bond ETF (MINN) is an actively managed exchange-traded fund that seeks current income exempt from federal and Minnesota state income tax, consistent with the preservation of capital, by investing at least 80% of its net assets in investment-grade municipal debt securities issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities, and instrumentalities. The fund's portfolio, comprising approximately 121 holdings as of late 2025, emphasizes Minnesota municipal bonds across sectors including local governments (58%), state (13.4%), education (7.8%), lease revenue (6.8%), housing (4.1%), health care (3.6%), utilities (2.6%), and transportation (2.3%); it features a weighted average maturity of 10.3 years, duration to worst of 5.40 years, and a 30-day SEC yield of 3.07%, with monthly income distributions and an expense ratio of 0.25%. Up to 20% of assets may be allocated to taxable debt securities, including those subject to the federal alternative minimum tax; the fund trades on Cboe BZX Exchange with shares available through financial advisors or online brokerages. Launched on March 12, 2021, MINN is advised and managed by Mairs & Power, Inc., an SEC-registered investment advisor founded in 1931 and headquartered in St. Paul, Minnesota, which oversees over $11.7 billion in assets across individually managed accounts, mutual funds, an ETF, and venture capital as of mid-2025. The firm, 100% employee-owned with 14 CFA charterholders and 57 employees averaging 21+ years of experience, maintains a disciplined long-term investment approach with a regional emphasis on Minnesota and the Upper Midwest. MINN targets investors seeking tax-exempt income, primarily Minnesota residents or those with Minnesota tax liabilities, and operates nationwide through U.S. brokerages with no sales charges but potential commissions. No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches beyond MINN, or reorganizations, have been reported for Mairs & Power or MINN in the last 1-2 years through 2025; the firm continues steady operations amid ongoing monthly distributions, with year-to-date NAV returns of 4.11% and one-year returns of 4.51% as of October 31, 2025, modestly outperforming the Bloomberg Minnesota Municipal TR Index.