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About Trust for Professional Managers Mairs & Power Minnesota Municipal Bond ETF
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Inception date
Mar 11, 2021
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Mairs & Power, Inc.
Distributor
Foreside Fund Services LLC
MINN targets municipal securities with interest income that is exempted from federal and Minnesota state income tax. The fund primarily invests in all types of muni bonds of any maturity that is issued by state of Minnesota, its political subdivisions, and agencies. At least 75% of its holdings will be in investment-grade securities and could have up to 25% in high-yield. The fund could still invest up to 20% in taxable debt securities, including AMT. As an actively managed, MINN can make investment decisions at its own discretion.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.22%
Mutual fund3.24%
Cash−1.46%
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