MINN Profile
The Mairs & Power Minnesota Municipal Bond ETF is designed to offer investors exposure to municipal debt securities that provide tax-exempt income. Under typical market conditions, the fund aims to invest at least 80% of its net assets, including any borrowings for investment purposes, in municipal bonds that are exempt from both federal and Minnesota state income taxes. This strategic allocation helps the fund achieve its primary objective of delivering tax-efficient income to its investors.
The ETF focuses on bonds issued by entities within Minnesota, ensuring that the majority of its holdings are composed of securities with local tax advantages. These investments include a range of municipal bonds, such as general obligation bonds, revenue bonds, and other debt instruments issued by state and local governments, as well as agencies and authorities within Minnesota. The emphasis on state-specific bonds allows the fund to cater to investors seeking to benefit from Minnesota's favorable tax treatment.
In addition to its tax-exempt income objective, the fund is managed with a focus on credit quality and income stability. The management team carefully selects bonds based on their creditworthiness and potential for stable, predictable returns. This approach aims to provide investors with a reliable income stream while managing risk through diversification across various sectors and issuers within the state.
As a municipal bond ETF, it offers investors a way to achieve tax-advantaged income through a diversified portfolio of state-specific bonds. The fund is suitable for those who seek to maximize after-tax income from their investments while supporting local government projects and initiatives. By concentrating on Minnesota-based securities, the ETF aligns with investors' preferences for state-focused tax benefits and regional investment opportunities.
|
