MINN Fees and Costs — Mairs & Power Minnesota Municipal Bond ETF
Data updated: 2026-08-17
The net expense ratio is 0.25%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
MINN Fees and Expenses
Annual operating expenses and sales charges of MINN. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MINN Costs Over Time
On $10,000 invested in MINN, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
MINN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $20.2M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
MINN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TRADEWEB L.L.C | $4.2M | 20.98% |
| MORGAN STANLEY & CO. LLC | $4.2M | 20.74% |
| TMC BONDS L.L.C. | $3.3M | 16.28% |
| PIPER SANDLER & CO. | $2.7M | 13.25% |
| HILLTOP SECURITIES INC. | $1.7M | 8.53% |
| RBC CAPITAL MARKETS LLC | $902K | 4.46% |
| NORTHLAND SECURITIES INC. | $876K | 4.33% |
| KEYBANC CAPITAL MARKETS INC. | $780K | 3.85% |
| GTS SECURITIES LLC | $771K | 3.81% |
| MESIROW FINANCIAL INC. | $763K | 3.77% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.