Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Mairs & Power Minnesota Municipal Bond ETF
$20.96+0.18 (+0.87%)
- 0.25%
- $52M
- −4.2%
- 3.29%
- 0M sh
- $20.79
- low $20.50high $23.14
The ETF.net MINN Grade
C
Score 48 out of 100
- 52 of 63
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 17 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 55 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 52 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 59 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 50 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 50 of 63
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
- 128
- 23%
- Minnesota Housing Finance Agency 4% 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.
Not enough history yet.
MINN$9,584
Returns run to the Oct 12, 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 | −5.7% |
| 1 month | −1.9% |
| 3 months | −6.2% |
| 1 year | −4.2% |
| 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 | −5.7% | |
| 2025 | +5.6% | |
| 2024 | +0.2% | |
| 2023 | +5.4% | |
| 2022 | −12.3% | |
| 2021 | +1.3% |
MINN in the news
MINN Dividends
- 3.29%
- $0.68
- $0.06 per share
- Monthly
Distribution history
MINN Risk
- 6.6%
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.
- −0.24
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.
- −17.7%
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
0.25%
MINN0.25%
- The middle half of Other Municipal Bond funds
- Median 0.30%
16 of the 63 Other Municipal Bond funds charge less.
Other funds in Other Municipal Bond
- CSCNMSterling Capital National Municipal Bond ETFExpense ratio 0.35%1 year return —
- CRJMIRJ Eagle Municipal Income ETFExpense ratio 0.41%1 year return −2.0%
- CRMCARockefeller California Municipal Bond ETFExpense ratio 0.55%1 year return −3.4%
- DLTAXNomura Tax-Free USA ETFExpense ratio 0.39%1 year return —
- DRMNYRockefeller New York Municipal Bond ETFExpense ratio 0.55%1 year return −2.5%