Mairs & Power Minnesota Municipal Bond ETF
Listed March 12, 2021
The investment objective of the Mairs & Power Minnesota Municipal Bond ETF is to seek current income that is exempt from federal and Minnesota state income tax consistent with the preservation of capital. 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).
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About Mairs & Power, Inc.
Founded in 1931 and based in St. Paul, Mairs & Power is Minnesota’s oldest investment firm under private ownership and management. The firm manages more than $9 billion AUM in separately managed accounts and funds. Grounded in a long-term investing philosophy, the advisor looks first to companies headquartered in Minnesota and the Upper Midwest who exhibit consistent, above average growth. The proximity of most of its investments allows the firm to thoroughly engage with management teams as part of their assessment.