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ETFs

Mairs & Power Minnesota Municipal Bond ETF

MINN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 12 2021
Expense Ratio
0.39%
Type
US Bonds
Fund Owner
Mairs & Power
Volume (1m avg. daily)
$31,725
AUM
$18,598,020
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
MINNESOTA ST 5% 08/01/2040
3.28%
n/a
MINNESOTA ST 5% 08/01/2039
2.97%
n/a
MINNEAPOLIS MINN SPL SCH DIST GO LONG TERM FACS MAINTE 2020C 4% 02/01/2036
2.82%
n/a
ANOKA-HENNEPIN MINN INDPT SCH GO BLDG BDS 3% 02/01/2043
2.30%
n/a
ELK RIVER MINN ELEC REV 3% 08/01/2032
1.96%
n/a
NORTH ST PAUL MAPLEWOOD MINN GO FAC MAINTENANCE BDS 2019 B 3% 02/01/2035
1.79%
n/a
ELK RIVER MINN 3% 02/01/2031
1.78%
n/a
MINNESOTA ST 5% 08/01/2027
1.77%
n/a
ALDEN-CONGER MINN INDPT SCH DI GO FACILITIES MAINTENANC 2016 A 3% 02/01/2027
1.76%
n/a
MINNESOTA ST HIGHER ED FACS AU BDS 3% 10/01/2041
1.75%
Invest with MINN

What is MINN?

Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in municipal debt securities that pay interest that is exempt from regular federal income tax and Minnesota state income tax (collectively, Municipal Securities ). Generally, these Municipal Securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, and by other qualified issuers located in Minnesota. The Fund may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax.

ETFs related toMINN

ETFs correlated to MINN include JMUB, MMIN, MMIT

MINN
Trust For Professional Managers - Mairs & Power Minnesota Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MINN is a US Bonds ETF. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in municipal debt securities that pay interest that is exempt from regular federal income tax and Minnesota state income tax (collectively, Municipal Securities ). Generally, these Municipal Securities are issued by or on behalf of the State of Minnesota and its political subdivisions, agencies, authorities and instrumentalities, and by other qualified issuers located in Minnesota. The Fund may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax.

Yes, MINN is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MINN is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MINN is 0.0075%. This is the percent change in the value of MINN over the most recent 1-month period. The 3-month return on MINN is 0.0019%. This is the percent change in the value of MINN over the most recent 3-month period.

The standard deviation of MINN for the past year is 0.0617%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MINN include MUB, BAB, and SHM.

ETFs correlated to MINN include JMUB, MMIN, and MMIT.

ETFs that are inversely correlated to MINN include TYO, TBX, and PST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.