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Mairs & Power Minnesota Municipal Bond ETF

MINNCboeC

$21.830.00 (+0.02%)

As of Nov 10, 2026, 9:46 AM ET

Intraday session: up, 4 prints from 21.83 to 21.83. Range 21.79 to 21.83. Use the arrow keys to read each point.21.7921.8021.8121.8210 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$55M
1Y total return
+0.4%
Yield · Last 12 months
3.13%
Holdings
127
Avg volume · 30D
17.6K sh
52W range
low $20.50high $23.14
Launched

The ETF.net MINN Grade

C

Score 49 out of 100

Rank
51 of 63
Six-pillar profile for MINN. Scores out of 100: Cost 70, Risk 37, Mission 61, Tradability 15, Holdings 36, Durability 39. Strongest: Cost (70). Weakest: Tradability (15). Leans toward Cost.

Score 49 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.
    A70 out of 100
    Rank 17 of 63
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B61 out of 100
    Rank 53 of 59
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 51 of 63
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 59 of 63
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 52 of 63
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 48 of 63

Our read on MINN

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Mar 12, 2021

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$10,037
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. MINN $10,037. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for MINN. Periods over one year show the average yearly return.
PeriodMINN
Year to date−0.9%
1 month+4.9%
3 months−0.6%
1 year+0.4%
3 yearsper year+4.0%
5 yearsper year−0.5%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MINN
YearReturn barMINN
2026 YTD−0.9%
2025+5.6%
2024+0.2%
2023+5.4%
2022−12.3%

MINN in the news

MINN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.13%Last 12 months
Payout per share
$0.68Last 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.02; Feb 17, 2023 $0.02; Mar 23, 2023 $0.04; Apr 20, 2023 $0.03; May 19, 2023 $0.03; Jun 22, 2023 $0.03; Jul 21, 2023 $0.03; Aug 23, 2023 $0.03; Sep 21, 2023 $0.03; Oct 23, 2023 $0.04; Nov 20, 2023 $0.04; Dec 18, 2023 $0.06; Jan 25, 2024 $0.03; Feb 23, 2024 $0.04; Mar 25, 2024 $0.04; Apr 25, 2024 $0.05; May 24, 2024 $0.05; Jun 24, 2024 $0.05; Jul 25, 2024 $0.05; Aug 26, 2024 $0.04; Sep 24, 2024 $0.05; Oct 25, 2024 $0.05; Nov 22, 2024 $0.05; Dec 24, 2024 $0.07; Jan 24, 2025 $0.04; Feb 21, 2025 $0.05; Mar 24, 2025 $0.06; Apr 23, 2025 $0.06; May 22, 2025 $0.05; Jun 23, 2025 $0.05; Jul 24, 2025 $0.06; Aug 22, 2025 $0.05; Sep 23, 2025 $0.06; Oct 24, 2025 $0.06; Nov 19, 2025 $0.04; Dec 18, 2025 $0.08; Jan 23, 2026 $0.04; Feb 20, 2026 $0.05; Mar 26, 2026 $0.07; Apr 24, 2026 $0.05; May 22, 2026 $0.05; Jun 25, 2026 $0.06; Jul 24, 2026 $0.06; Aug 26, 2026 $0.06; Sep 25, 2026 $0.06; Oct 23, 2026 $0.06. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 23, 2026Oct 30, 2026$0.06
Sep 25, 2026Sep 30, 2026$0.06
Aug 26, 2026Aug 31, 2026$0.06
Jul 24, 2026Jul 31, 2026$0.06
Jun 25, 2026Jun 30, 2026$0.06
May 22, 2026May 29, 2026$0.05
Apr 24, 2026Apr 30, 2026$0.05
Mar 26, 2026Mar 31, 2026$0.07
Feb 20, 2026Feb 27, 2026$0.05
Jan 23, 2026Jan 30, 2026$0.04
Dec 18, 2025Dec 29, 2025$0.08
Nov 19, 2025Nov 26, 2025$0.04

See all 67 payments⁠

$10,000 in MINN 5 years ago paid $1,018 in dividends.⁠

MINN Risk

How much the fund’s monthly returns vary, scaled to a year.
7.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.03
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−17.7%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MINN Cost

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MINN 0.25%

    $5,159

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • MINN 0.25%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530MINN $5,159VTEB $638

Year by year

YearMINNVTEBOverpaying
10$455$55$400
20$1,769$216$1,553
30$5,159$638$4,521

Other funds in Other Municipal Bond