Mairs & Power Minnesota Municipal Bond Fund (MINN)
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MINN Chart
Mairs & Power Minnesota Municipal Bond Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Jeffery Yorg Focus Partners Advisor Solutions LLC | 16,555 | $368,514.3 | $368,514.3 | - | - |
 Christopher C. Powers Farther Finance Advisors, LLC | 3,576 | $79,637.35 | $79,422.24 | -$215.11 | -0.27% |
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Mairs & Power Minnesota Municipal Bond Fund Profile
| BATS Exchange | US Country |
Overview
This company is focused on providing investment solutions that cater to individuals and entities interested in municipal debt securities. The primary aim is to offer investment opportunities that yield returns exempt from both federal income tax and Minnesota state income tax. The fund operates under normal market conditions and adheres to a specific investment strategy, which includes allocating a minimum of 80% of its net assets towards Municipal Securities. These securities are carefully chosen to ensure they align with the fund's investment objective, emphasizing tax-exempt income. The company also demonstrates flexibility in its investment approach by allowing up to 20% of its net assets to be invested in taxable debt securities, including those subject to the federal alternative minimum tax (AMT), to potentially enhance returns. As a non-diversified fund, it may concentrate its investments more than a diversified fund, potentially leading to higher risk and reward scenarios.
Products and Services
- Municipal Debt Securities Investment
The core service offered involves investing in municipal debt securities that generate interest exempt from regular federal and Minnesota state income taxes. This focus on tax-exempt securities is tailored for investors seeking to optimize their after-tax returns, particularly those residing in Minnesota or subject to its state income tax. By adhering to this investment strategy, the fund aims to provide a stable income stream that benefits from favorable tax treatment.
- Taxable Debt Securities Investment
Alongside its primary focus on tax-exempt municipal securities, the fund also allocates up to 20% of its assets in various taxable debt securities. This includes investments that may be subject to the federal alternative minimum tax (AMT). This blend of tax-exempt and taxable investments allows the fund to potentially increase its yield and offer a diversified investment approach. It caters to investors looking for a mix of tax-advantaged and potentially higher-yielding taxable investments, carefully managing risk and return.
