Mairs & Power Minnesota Municipal Bond ETF
$21.09−0.05 (−0.24%)
- Expense ratio
- 0.25%
- Fund size
- $50M
- 1Y return
- −2.7%
- Yield · Last 12 months
- 3.24%
- Holdings
- 88
- Volume · 30D
- 0M sh
- NAV per share
- $21.18
- 52W range
The ETF.net MINN Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 69Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 33Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 19Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 38Category rank
Our read on MINN
CA muni fund with a ZIP code. MINN holds roughly 90 Minnesota bonds and seeks current income exempt from both federal and Minnesota income taxes, for 0.25% a year.
The Fund seeks current income exempt from federal and Minnesota income taxes.
Why people hold it
- The mandate is unusually specific: income exempt from federal and Minnesota income taxes, not a national grab bag of 50 states' paper.
- At 0.25% a year it charges less than the median muni bond ETF (0.30%), which is rare for a single-state portfolio.
- Pays monthly and spreads exposure across roughly 90 bonds rather than a handful of issuers.
- Live since 2021, so there is a real multi-year record to read instead of a launch-week backtest.
Worth knowing
- A small, thinly traded fund. Trades can meet wider bid-ask spreads than the giants of the muni aisle.
- The Minnesota half of the tax break only does work for Minnesota taxpayers. Everyone else is paying a state-specific fee for federal exemption alone.
- National muni ETFs such as VTEB and SCMB run at 0.03%, so the state tilt costs roughly eight times the cheapest broad option.
MINN Holdings
- Bonds
- 88
- 23%
- Minnesota Housing Finance Agency 3.3% 07/01/2041
MINN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MINN |
|---|---|
| Year to date | −4.6% |
| 1 month | −4.0% |
| 3 months | −5.5% |
| 1 year | −2.7% |
| 3 years | +2.7% |
| 5 years | −1.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MINN |
|---|---|---|
| 2026 YTD | −4.6% | |
| 2025 | +5.6% | |
| 2024 | +0.2% | |
| 2023 | +5.4% | |
| 2022 | −12.3% | |
| 2021 | +1.3% |
MINN in the news
ETF.net Research hasn’t filed on MINN yet — coverage lands here as it’s written.
MINN Dividends
- 3.24%
- $0.68
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.06 |
| Jul 24, 2026 | Jul 31, 2026 | $0.06 |
| Jun 25, 2026 | Jun 30, 2026 | $0.06 |
| May 22, 2026 | May 29, 2026 | $0.05 |
| Apr 24, 2026 | Apr 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.07 |
| Feb 20, 2026 | Feb 27, 2026 | $0.05 |
| Jan 23, 2026 | Jan 30, 2026 | $0.04 |
| Dec 18, 2025 | Dec 29, 2025 | $0.08 |
| Nov 19, 2025 | Nov 26, 2025 | $0.04 |
| Oct 24, 2025 | Oct 31, 2025 | $0.06 |
| Sep 23, 2025 | Sep 30, 2025 | $0.06 |
MINN Risk
- 6.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MINN Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
17 of the 62 Other Municipal Bond funds charge less.