ETF Evaluator:
Mairs & Power Minnesota Municipal Bd ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Muni Minnesota Over the Last Year
| 5.8% | Franklin Minnesota Municipal Income ETF (FTMN) |
| 5.2% | Muni Minnesota () |
| 4.6% | Mairs & Power Minnesota Municipal Bd ETF (MINN) |
Risk
Index
Risk
Index
ETF Details
Mairs & Power Minnesota Municipal Bd ETF Overview
Mairs & Power Minnesota Municipal Bd ETF (MINN) is an actively managed Municipal Bond Muni Minnesota exchange-traded fund (ETF). Mairs & Power launched the ETF in 2021.
The investment seeks current income that is exempt from federal and Minnesota state income tax consistent with the preservation of capital.
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"). It may invest up to 20% of its net assets in debt securities that pay interest subject to taxation, including the federal alternative minimum tax ("AMT").
About Mairs & Power Minnesota Municipal Bd ETF (MINN)
There are 1 members of the management team with an average tenure of 5.39 years: Brent Miller (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg Municipal Minnesota TR USD index with a weighting of 100%. Mairs & Power Minnesota Municipal Bd ETF has 128 securities in its portfolio. The top 10 holdings constitute 24.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Mairs & Power Minnesota Municipal Bd ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. Mairs & Power Minnesota Municipal Bd ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.2% (97.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Mairs & Power Minnesota Municipal Bd ETF has 5.2% of the portfolio in cash.
Assets Under Management
The fund has $47 million in total assets, which is below the $119 million average for the Muni Minnesota category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MINN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Mairs & Power Minnesota Municipal Bd ETF expense ratio is below average compared to funds in the Muni Minnesota category. Mairs & Power Minnesota Municipal Bd ETF has an expense ratio of 0.25%, which is 17% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Mairs & Power Minnesota Municipal Bd ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 15% for the Muni Minnesota category.
Recently, in the month of July 2026, Mairs & Power Minnesota Municipal Bd ETF returned -2.0%, which earned it a grade of A, as the Muni Minnesota category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Mairs & Power Minnesota Municipal Bd ETF has a trailing yield of 3.10%, which is above the 3.08% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Mairs & Power Minnesota Municipal Bd ETF Grades
Year to date, the ETF has returned -0.5%, 0.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.6% over the past year (grade of F), 2.8% over the past three years (grade of F) and -0.8% per year over the past five years (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Mairs & Power Minnesota Municipal Bd ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
MINN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MINN Return (NAV) | -2.0% | -1.1% | 4.6% | 2.8% | -0.8% | na |
| MINN Return (Price) | -1.9% | -1.3% | 4.4% | 2.8% | -0.8% | na |
| NAV +/- Price Return | -0.103% | 0.142% | 0.199% | -0.024% | -0.007% | na |
| Muni Minnesota Avg | -2.1% | -1.0% | 5.2% | 3.0% | -0.1% | 1.8% |
| MINN Grade (NAV) | A | F | F | F | F | na |
| +/- Category (NAV) | 0.1% | -0.1% | -0.6% | -0.2% | -0.7% | na |
| MINN Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
MINN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MINN Return (NAV) | -0.5% | 4.8% | 0.4% | 5.3% | -12.2% | na | na | na | na | na | na |
| MINN Return (Price) | -1.1% | 5.6% | 0.2% | 5.4% | -12.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | 1.209% | 0.169% | -0.456% | 0.029% | 0.006% | na | na | na | na | na | na |
| Muni Minnesota Avg | -0.2% | 4.5% | 1.0% | 5.8% | -10.2% | 1.2% | 4.6% | 7.0% | 0.7% | 4.3% | 0.2% |
| MINN Grade (NAV) | F | A | F | F | F | na | na | na | na | na | na |
| +/- Category | -0.3% | 0.2% | -0.6% | -0.6% | -2.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.10 |
| R-Squared: | 98% |
| Standard Deviation: | 6.3% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.51 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 3.1% |
| Total Assets: | $ 47 Mil |
| Share Class Assets: | $ 47 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | Bloomberg Municipal Minnesota TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 5.4 years | |||
| Average Tenure: 5.4 years | |||
| Managers (Year): Miller Brent (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 128 |
| % in Top 10 Holdings: | 24.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 97.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -2.4% |
| Cash: | 5.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Mairs & Power |
| Phone Number: | 855-839-2800 |
| Website: | |
| Inception Date: | March 11, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.30% |
