MINN – Mairs & Power Minnesota Municipal Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

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").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MINN	Mairs & Power Minnesota Municipal Bond ETF	ETF	Open			Mar 11, 2021	$51.74M	0.250%	—	—	$23.05M

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