Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Income
Minnesota Tax Exempt Income Fund (Class Y) (PMNYX)
Seeking a high level of tax-free income
Highlights
Objective
The fund seeks as high a level of current income exempt from federal income tax and Minnesota personal income tax as we believe is consistent with preservation of capital.
Strategy and process
- Tax-advantaged income: The fund offers Minnesota residents the potential for high current income that is free from federal income tax and Minnesota State personal income taxes.
- Focus on performance: The portfolio managers seek to provide a competitive yield through a combination of careful security selection and portfolio construction strategies.
- A diversified portfolio: A broadly diversified portfolio enables the managers to pursue current tax-free income opportunities while managing risk and seeking to preserve capital.
Fund price |
Yesterday’s close | 52-week high | 52-week low |
---|---|---|---|
Net asset value |
$9.63
0.00% | $0.00 |
$9.72
02/11/21 |
$9.18
04/29/20 |
Fund facts as of 03/31/21
$150.47M
14%
Monthly
174
May
74683M506 / 1827
01/02/08
Tax-free Income
PMNYX
Positive municipal outlook in 2021
Our portfolio managers review the muni market recovery and tailwinds in 2021.
Literature
Fund documents |
Prospectuses/SAI |
Fact Sheet (R6 share) (PDF) |
Fact Sheet (YA share) (PDF) |
Annual Fund Report (PDF) |
Semiannual Fund Report (PDF) |
Quarterly commentary (PDF) |
American Rescue Plan strengthens state and local finances
The American Rescue Plan Act provides billions in federal stimulus to states and local governments.Massachusetts budget taps rainy day fund, federal aid
The Governor of Massachusetts introduced a budget proposal that includes a withdrawal from the state’s rainy day fund and federal aid to balance the budget.Munis in demand with new taxes possible
Demand for municipal bonds continues to be robust in 2021.Performance
Consistency of positive performance over five years
Performance shown above does not reflect the effects of any sales charges. Click on the dots to see specific returns in each five-year period as of the date revealed. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please see below.
7.88%
Best 5-year annualized return
(for period ending 12/31/95)
1.50%
Worst 5-year annualized return
(for period ending 12/31/08)
4.71%
Average 5-year annualized return
Total return (%) as of 03/31/21
Annual performance as of 03/31/21
Annualized Total return (%) as of 03/31/21
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
---|---|---|---|---|
Before sales charge | 4.68% | 4.13% | 3.04% | 4.09% |
After sales charge | N/A | N/A | N/A | N/A |
Bloomberg Barclays Municipal Bond Index | 5.51% | 4.91% | 3.49% | 4.54% |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 03/31/21 | 0.39% | - | |
YTD as of 04/16/21 | 0.27% | - | |
Yield
Distribution rate before sales charge as of 04/16/21 |
1.79% |
---|---|
Distribution rate after sales charge as of 04/16/21 |
1.79% |
30-day SEC yield as of 03/31/21 | 0.76% |
Risk-adjusted performance as of 03/31/21
Sharpe ratio (3 yrs.) | 0.74 |
---|---|
Information ratio (3 yrs.) | -1.29 |
Volatility as of 03/31/21
Standard deviation (3 yrs.) | 3.69% |
---|---|
Beta | 0.91 |
R-squared | 0.98 |
Fixed income statistics as of 03/31/21
Duration to worst | 4.62 yrs. |
---|
Lipper rankings as of 03/31/21
Time period | Rank/Funds in category | Percentile ranking |
---|---|---|
1 yr. | 16/39 | 40% |
3 yrs. | 12/37 | 32% |
5 yrs. | 9/33 | 27% |
10 yrs. | 10/28 | 35% |
Morningstar Ratings™ as of 03/31/21
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 44 | |
3 yrs. | 44 | |
5 yrs. | 40 | |
10 yrs. | 33 |
Distributions
Accrual days | 31 |
---|---|
Accrual start date | 03/01/21 |
Accrual end date | 03/31/21 |
Payable date | 03/31/21 |
Non-taxable income | $0.016749742 |
Extra taxable income | -- |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Tax-Equivalent Yield Calculator
When considering investing in municipal bonds, you should evaluate yields on a tax-equivalent basis, taking into account your tax liability on the interest earned from each.
- Federally tax-exempt bonds typically yield less income than taxable bonds.
- State and local income tax-exempt bonds may yield less than those whose interest is taxed in a particular jurisdiction.
Holdings
Cpurnsa P 2.51 R 03/29/2603/29/2026 | 4.60% |
---|---|
Minnesota St -A 05.0000 08/01/2033 | 3.41% |
Minnesota St 05.0000 06/01/2037 | 2.28% |
Rochester Pub Schs 5 04.0000 02/01/2023 | 2.14% |
Rochester Hlth-B-Mayo 00.0600 11/15/2038 | 2.03% |
Shakopee Pub-C-Cabs 00.0000 02/01/2030 | 1.92% |
Minneapolis Hlth-A 05.0000 11/15/2034 | 1.86% |
Hennepin Co Regl -A 05.0000 12/01/2038 | 1.69% |
Univ Of Mn Rgts-A 05.0000 09/01/2041 | 1.62% |
Duluth Eco Dev Auth-A 05.0000 02/15/2043 | 1.58% |
Top 10 holdings, percent of portfolio | 23.13% |
Top 10 holdings as of 03/31/21 | |
---|---|
Cpurnsa P 2.51 R 03/29/2603/29/2026 | |
Minnesota St -A 05.0000 08/01/2033 | |
Minnesota St 05.0000 06/01/2037 | |
Rochester Pub Schs 5 04.0000 02/01/2023 | |
Rochester Hlth-B-Mayo 00.0600 11/15/2038 | |
Shakopee Pub-C-Cabs 00.0000 02/01/2030 | |
Minneapolis Hlth-A 05.0000 11/15/2034 | |
Hennepin Co Regl -A 05.0000 12/01/2038 | |
Univ Of Mn Rgts-A 05.0000 09/01/2041 | |
Duluth Eco Dev Auth-A 05.0000 02/15/2043 | |
Holdings represent 23.13% of portfolio |
Top 10 holdings as of 02/28/21 | |
---|---|
Minnesota St -A 05.0000 08/01/2033 | |
Minnesota St 05.0000 06/01/2037 | |
Rochester Pub Schs 5 04.0000 02/01/2023 | |
Rochester Hlth-B-Mayo 00.0100 11/15/2038 | |
Shakopee Pub-C-Cabs 00.0000 02/01/2030 | |
Minneapolis Hlth-A 05.0000 11/15/2034 | |
Hennepin Co Regl -A 05.0000 12/01/2038 | |
Univ Of Mn Rgts-A 05.0000 09/01/2041 | |
Duluth Eco Dev Auth-A 05.0000 02/15/2043 | |
Minneapolis Hlth-B1-A 00.0100 11/15/2035 | |
Holdings represent 20.35% of portfolio |
Top 10 holdings as of 01/31/21 | |
---|---|
Minnesota St -A 05.0000 08/01/2033 | |
Minnesota St 05.0000 06/01/2037 | |
Rochester Pub Schs 5 04.0000 02/01/2023 | |
Shakopee Pub-C-Cabs 00.0000 02/01/2030 | |
Minneapolis Hlth-A 05.0000 11/15/2034 | |
Hennepin Co Regl -A 05.0000 12/01/2038 | |
Univ Of Mn Rgts-A 05.0000 09/01/2041 | |
Duluth Eco Dev Auth-A 05.0000 02/15/2043 | |
Rochester Hlth-A-Mayo 00.0300 11/15/2038 | |
Minneapolis Spl Sd 1 04.0000 02/01/2035 | |
Holdings represent 20.02% of portfolio |
Top 10 holdings as of 12/31/20 | |
---|---|
White Bear Lake Isd-A 04.0000 02/01/2021 | |
Minnesota St 05.0000 06/01/2037 | |
Rochester Pub Schs 5 04.0000 02/01/2023 | |
Rochester Hlth-B-Mayo 00.0800 11/15/2038 | |
Shakopee Pub-C-Cabs 00.0000 02/01/2030 | |
Minneapolis Hlth-A 05.0000 11/15/2034 | |
Hennepin Co Regl -A 05.0000 12/01/2038 | |
Univ Of Mn Rgts-A 05.0000 09/01/2041 | |
Duluth Eco Dev Auth-A 05.0000 02/15/2043 | |
Minneapolis Hlth-B1-A 00.0300 11/15/2035 | |
Holdings represent 20.01% of portfolio |
MINNESOTA ST -A 05.0000 08/01/2033 | 3.39% |
---|---|
MINNESOTA ST 05.0000 06/01/2037 | 2.24% |
ROCHESTER PUB SCHS 5 04.0000 02/01/2023 | 2.13% |
ROCHESTER HLTH-B-MAYO 00.0600 11/15/2038 | 2.03% |
SHAKOPEE PUB-C-CABS 00.0000 02/01/2030 | 1.92% |
MINNEAPOLIS HLTH-A 05.0000 11/15/2034 | 1.83% |
HENNEPIN CO REGL -A 05.0000 12/01/2038 | 1.67% |
UNIV OF MN RGTS-A 05.0000 09/01/2041 | 1.61% |
DULUTH ECO DEV AUTH-A 05.0000 02/15/2043 | 1.57% |
MINNEAPOLIS HLTH-B1-A 00.0300 11/15/2035 | 1.53% |
ROCHESTER HLTH-A-MAYO 00.0600 11/15/2038 | 1.44% |
MN HGR EDU FACS AUTH 04.0000 10/01/2046 | 1.36% |
STHRN MN PWR CAB -A 00.0000 01/01/2024 | 1.30% |
MINNEAPOLIS MN & SAIN 05.0000 11/15/2023 | 1.27% |
MINNEAPOLIS SPL SD 1 04.0000 02/01/2035 | 1.25% |
MN HGR EDU FACS AUTH 04.0000 10/01/2050 | 1.24% |
HENNEPIN CO-C 05.0000 12/01/2034 | 1.23% |
MINNEAPOLIS MN 03.0000 12/01/2028 | 1.22% |
UNIV OF MN RGTS-A 05.0000 09/01/2039 | 1.21% |
HENNEPIN CO-B-REF 00.0700 12/01/2038 | 1.21% |
STHRN MN MUNI PWR AGY 05.0000 01/01/2042 | 1.20% |
WSTRN MN MUNI PWR-A 05.0000 01/01/2049 | 1.20% |
SAINT CLOUD MN HLTH C 05.0000 05/01/2046 | 1.15% |
DULUTH ISD 709-B-REF 05.0000 02/01/2028 | 1.14% |
SAINT PAUL ISD 625-D 05.0000 02/01/2029 | 1.14% |
ROCHESTER HLTH CARE 04.0000 11/15/2048 | 1.13% |
RICHFIELD ISD 280-A 04.0000 02/01/2036 | 1.13% |
MN HGR EDU FACS AUTH 04.0000 12/01/2040 | 1.09% |
ILLINOIS ST 05.0000 10/01/2032 | 0.98% |
DULUTH MN ISD COPS-A 04.0000 03/01/2032 | 0.95% |
HENNEPIN CO REGL -A 05.0000 12/01/2037 | 0.84% |
MN HGR EDU FACS AUTH 05.0000 10/01/2040 | 0.82% |
GUAM GOVT WTRWKS AUTH 05.0000 01/01/2050 | 0.80% |
LITCHFIELD PUB SCHS 05.0000 02/01/2024 | 0.80% |
UNIV OF MN RGTS-A 05.0000 04/01/2035 | 0.79% |
UNIV OF MN RGTS-A 05.0000 04/01/2041 | 0.79% |
DULUTH ECO DEV AUTH-A 05.2500 02/15/2058 | 0.79% |
ST PAUL HSG-A-REF 05.0000 07/01/2033 | 0.77% |
MET COUNCIL-REF-C 04.0000 03/01/2025 | 0.77% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2031 | 0.75% |
ROCHESTER ELEC-B 05.0000 12/01/2043 | 0.75% |
MN HGR EDU FACS-8-K 05.0000 03/01/2037 | 0.74% |
ST PAUL HSG-A-SYS 04.0000 11/15/2036 | 0.74% |
ST PAUL HSG-A-SYS 04.0000 11/15/2037 | 0.74% |
SAINT CLOUD MN HLTH C 04.0000 05/01/2049 | 0.74% |
MN HGR EDU FACS-REF 04.0000 03/01/2048 | 0.73% |
MINNESOTA ST-A 05.0000 06/01/2038 | 0.73% |
MN HGR EDU FACS AUTH 03.0000 10/01/2038 | 0.73% |
MN HGR EDU FACS AUTH 03.0000 10/01/2041 | 0.72% |
MINNESOTA HGR ED 04.0000 11/01/2037 | 0.72% |
WSTRN MUNI PWR-A-REF 05.0000 01/01/2030 | 0.72% |
MINNESOTA ST HGR EDU 05.0000 05/01/2047 | 0.71% |
MN ST CLGS & UNIV-A 04.0000 10/01/2025 | 0.70% |
JORDAN ISD 717-UNREF 05.0000 02/01/2028 | 0.69% |
CENTRAL MN PWR AGY 05.0000 01/01/2032 | 0.69% |
MINNESOTA ST HGR EDU 04.0000 10/01/2036 | 0.68% |
MINNESOTA ST-B 05.0000 10/01/2030 | 0.68% |
MN ST CLG-FUND-A 05.0000 10/01/2031 | 0.68% |
LITCHFIELD PUB SCHS 05.0000 02/01/2025 | 0.68% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2030 | 0.67% |
MINNEAPOLIS HLTH-B2 00.0100 11/15/2035 | 0.66% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2036 | 0.65% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2037 | 0.65% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2034 | 0.65% |
BETHEL CHRT SCH-A 04.2500 07/01/2047 | 0.63% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2029 | 0.62% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2035 | 0.59% |
MN HGR EDU FACS-8-L 05.0000 04/01/2035 | 0.58% |
HASTINGS SD 200-A 00.0000 02/01/2030 | 0.56% |
WOODBURY-A 03.0000 02/01/2022 | 0.53% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2023 | 0.52% |
SAINT PAUL MN HSG & R 05.0000 11/15/2040 | 0.52% |
MESABI E ISD 2711-B 00.0000 02/01/2029 | 0.50% |
MN ST HGR EDU FACS-Q 05.0000 10/01/2032 | 0.50% |
ST PAUL PORT-1-REGION 05.0000 08/01/2036 | 0.50% |
ROCHESTER HLTH CARE 05.0000 11/15/2036 | 0.49% |
ST PAUL HSG & REDEV-A 04.0000 10/01/2033 | 0.49% |
CIRCLE PINES SD-CABS 00.0000 02/01/2025 | 0.48% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2034 | 0.48% |
ROCHESTER HLTHCR FAC 05.0000 07/01/2033 | 0.48% |
MINNETONKA HSG VAR-RF 00.0700 05/15/2034 | 0.45% |
HENNEPIN CO-A 05.0000 12/01/2038 | 0.43% |
MINNESOTA ST HGR EDU 04.0000 10/01/2037 | 0.43% |
GUAM GOVT 05.0000 11/15/2031 | 0.40% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2036 | 0.40% |
CHASKA ISD112-A 05.0000 02/01/2031 | 0.40% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2032 | 0.40% |
LAKEVILLE ISD 194-B 04.0000 02/01/2027 | 0.39% |
S MN PWR AGY-A-REF 05.0000 01/01/2036 | 0.39% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2031 | 0.39% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2032 | 0.39% |
ST PAUL HSG & REDEV-A 05.0000 09/01/2055 | 0.39% |
ST PAUL HSG-A-REF 05.0000 07/01/2032 | 0.39% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2035 | 0.38% |
MINNEAPOLIS HLTH-A 04.0000 11/15/2038 | 0.38% |
MINNESOTA ST HGR EDU 04.0000 03/01/2037 | 0.37% |
NEW LONDON ETC SD345 04.0000 02/01/2031 | 0.37% |
MOORHEAD EDUCTNL-REF 05.0000 12/01/2040 | 0.37% |
DEEPHAVEN CHTR SCH-A 05.1250 07/01/2033 | 0.37% |
BURNSVILLE ISD 191-A 04.0000 02/01/2033 | 0.37% |
DEEPHAVEN CHTR-REF-A 05.2500 07/01/2040 | 0.37% |
CENTER CITY HTLH CARE 05.0000 11/01/2044 | 0.36% |
ST PAUL MN HSG & REDE 05.0000 12/01/2037 | 0.36% |
HAM LAKE CHRT SCH-A 05.0000 07/01/2047 | 0.36% |
MN HGR EDU-REF 8-H 05.0000 10/01/2022 | 0.36% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2033 | 0.35% |
ST PAUL PARK SEN HSG 05.0000 09/01/2042 | 0.35% |
MINNEAPOLIS STUD HSG 05.0000 08/01/2053 | 0.35% |
MINNESOTA GEN REV-REF 05.0000 03/01/2029 | 0.35% |
SARTELL ISD CAB-B 00.0000 02/01/2034 | 0.33% |
DULUTH ISD 709-B-REF 05.0000 02/01/2026 | 0.31% |
NTRHN MUN PWR 05.0000 01/01/2041 | 0.31% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2034 | 0.30% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2035 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2027 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2024 | 0.30% |
FOREST LAKE-A 04.5000 08/01/2026 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2025 | 0.29% |
MINNESOTA ST MUNI PWR 05.0000 10/01/2029 | 0.28% |
MN HGR EDU-7S 03.0000 05/01/2022 | 0.28% |
DULUTH ISD 709-B-REF 05.0000 02/01/2023 | 0.27% |
WINONA HLTH CARE-REF 05.0000 07/01/2034 | 0.27% |
UNIV MN SER A 05.5000 07/01/2021 | 0.25% |
COLOGNE CHTR SCH-A 05.0000 07/01/2034 | 0.24% |
MN HSG FIN AGY-E-AMT 03.5000 01/01/2046 | 0.24% |
ST PAUL HSG-A-REF 04.6250 03/01/2043 | 0.24% |
DULUTH ISD 709-B-REF 05.0000 02/01/2022 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2036 | 0.21% |
ST PAUL HSG & RED-A 04.0000 09/01/2036 | 0.21% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2041 | 0.21% |
CASH MGMT BILL 00.0000 07/13/2021 | 0.20% |
NTRHN MUN PWR-REF 05.0000 01/01/2028 | 0.20% |
MN MUNI PWR AGY 05.0000 10/01/2033 | 0.19% |
NJ ECON DEV AUTH-AMT 05.3750 01/01/2043 | 0.19% |
MINNEAPOLIS HLTH-REF 05.0000 11/15/2044 | 0.19% |
WARREN HLTHCR-A-REF 05.0000 07/01/2040 | 0.19% |
HAM LAKE CHRT SCH-A 05.0000 11/01/2036 | 0.18% |
INTERMEDIATE SD 287 04.0000 05/01/2027 | 0.18% |
NTRHN MUN PWR 05.0000 01/01/2033 | 0.18% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2029 | 0.18% |
PUB FIN AUTH-A 05.7500 11/15/2044 | 0.18% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2035 | 0.18% |
FOREST LAKE-A 05.5000 08/01/2036 | 0.18% |
ST PAUL HSG & REDEV-A 06.6250 09/01/2042 | 0.17% |
ROCHESTER HLTH CARE 04.0000 11/15/2041 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2032 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2034 | 0.16% |
NTRHN MUN PWR 05.0000 01/01/2031 | 0.16% |
NTRHN MUN PWR 05.0000 01/01/2036 | 0.14% |
OTSEGO CHRT SCH-A 05.0000 09/01/2044 | 0.14% |
NTRHN MUN PWR 05.0000 01/01/2035 | 0.13% |
FRANKLIN CNTY OH HLTH 05.0000 11/15/2023 | 0.11% |
NASSAU CO ECON ASSIST 05.0000 07/01/2033 | 0.07% |
MINNEAPOLIS REV 04.0000 06/01/2027 | 0.07% |
CHICAGO MTR FUEL TAX 05.0000 01/01/2030 | 0.07% |
MINNEAPOLIS REV 04.0000 06/01/2031 | 0.07% |
MN HGR EDU FACS-8N 04.0000 10/01/2026 | 0.07% |
JORDAN ISD 717-PRERF 05.0000 02/01/2028 | 0.03% |
MMD AAA P SP 0.0 04/20/21 MS | 0.03% |
ST CLOUD HLTH-A-UNREF 05.1250 05/01/2030 | 0.02% |
MMD AAA P SP 0.0 05/04/21 MS | 0.02% |
MINNESOTA ST-A-PREREF 05.0000 10/01/2024 | 0.01% |
CPURNSA P 2.51 R 03/29/26 | -0.00% |
MMD AAA R SP 0.0 06/15/21 MS | -0.01% |
MMD AAA R SP 0.0 05/04/21 MS | -0.02% |
MMD AAA R SP 0.0 04/20/21 MS | -0.02% |
US 5YR NOTE (CBT) JUN21 FVM1 | -5.66% |
MINNESOTA ST -A 05.0000 08/01/2033 | 3.44% |
---|---|
MINNESOTA ST 05.0000 06/01/2037 | 2.28% |
ROCHESTER PUB SCHS 5 04.0000 02/01/2023 | 2.17% |
ROCHESTER HLTH-B-MAYO 00.0200 11/15/2038 | 2.06% |
SHAKOPEE PUB-C-CABS 00.0000 02/01/2030 | 1.94% |
MINNEAPOLIS HLTH-A 05.0000 11/15/2034 | 1.85% |
HENNEPIN CO REGL -A 05.0000 12/01/2038 | 1.69% |
UNIV OF MN RGTS-A 05.0000 09/01/2041 | 1.64% |
DULUTH ECO DEV AUTH-A 05.0000 02/15/2043 | 1.60% |
MINNEAPOLIS HLTH-B1-A 00.0100 11/15/2035 | 1.55% |
ROCHESTER HLTH-A-MAYO 00.0200 11/15/2038 | 1.46% |
MN HGR EDU FACS AUTH 04.0000 10/01/2046 | 1.37% |
STHRN MN PWR CAB -A 00.0000 01/01/2024 | 1.32% |
MINNEAPOLIS MN & SAIN 05.0000 11/15/2023 | 1.29% |
MINNEAPOLIS SPL SD 1 04.0000 02/01/2035 | 1.27% |
MN HGR EDU FACS AUTH 04.0000 10/01/2050 | 1.25% |
HENNEPIN CO-C 05.0000 12/01/2034 | 1.25% |
MINNEAPOLIS MN 03.0000 12/01/2028 | 1.24% |
UNIV OF MN RGTS-A 05.0000 09/01/2039 | 1.23% |
HENNEPIN CO-B-REF 00.0300 12/01/2038 | 1.23% |
STHRN MN MUNI PWR AGY 05.0000 01/01/2042 | 1.22% |
WSTRN MN MUNI PWR-A 05.0000 01/01/2049 | 1.22% |
SAINT CLOUD MN HLTH C 05.0000 05/01/2046 | 1.17% |
DULUTH ISD 709-B-REF 05.0000 02/01/2028 | 1.16% |
SAINT PAUL ISD 625-D 05.0000 02/01/2029 | 1.16% |
ROCHESTER HLTH CARE 04.0000 11/15/2048 | 1.15% |
RICHFIELD ISD 280-A 04.0000 02/01/2036 | 1.15% |
MN HGR EDU FACS AUTH 04.0000 12/01/2040 | 1.10% |
ILLINOIS ST 05.0000 10/01/2032 | 0.98% |
DULUTH MN ISD COPS-A 04.0000 03/01/2032 | 0.96% |
HENNEPIN CO REGL -A 05.0000 12/01/2037 | 0.85% |
MN HGR EDU FACS AUTH 05.0000 10/01/2040 | 0.83% |
LITCHFIELD PUB SCHS 05.0000 02/01/2024 | 0.82% |
GUAM GOVT WTRWKS AUTH 05.0000 01/01/2050 | 0.81% |
UNIV OF MN RGTS-A 05.0000 04/01/2035 | 0.80% |
UNIV OF MN RGTS-A 05.0000 04/01/2041 | 0.80% |
DULUTH ECO DEV AUTH-A 05.2500 02/15/2058 | 0.80% |
MET COUNCIL-REF-C 04.0000 03/01/2025 | 0.78% |
ST PAUL HSG-A-REF 05.0000 07/01/2033 | 0.77% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2031 | 0.76% |
ROCHESTER ELEC-B 05.0000 12/01/2043 | 0.76% |
MN HGR EDU FACS-8-K 05.0000 03/01/2037 | 0.76% |
ST PAUL HSG-A-SYS 04.0000 11/15/2036 | 0.75% |
ST PAUL HSG-A-SYS 04.0000 11/15/2037 | 0.75% |
SAINT CLOUD MN HLTH C 04.0000 05/01/2049 | 0.74% |
MN HGR EDU FACS-REF 04.0000 03/01/2048 | 0.74% |
MINNESOTA ST-A 05.0000 06/01/2038 | 0.74% |
MN HGR EDU FACS AUTH 03.0000 10/01/2038 | 0.73% |
WSTRN MUNI PWR-A-REF 05.0000 01/01/2030 | 0.73% |
MINNESOTA HGR ED 04.0000 11/01/2037 | 0.73% |
MN HGR EDU FACS AUTH 03.0000 10/01/2041 | 0.73% |
MINNESOTA ST HGR EDU 05.0000 05/01/2047 | 0.72% |
MN ST CLGS & UNIV-A 04.0000 10/01/2025 | 0.71% |
JORDAN ISD 717-UNREF 05.0000 02/01/2028 | 0.70% |
CENTRAL MN PWR AGY 05.0000 01/01/2032 | 0.70% |
MINNESOTA ST-B 05.0000 10/01/2030 | 0.70% |
MN ST CLG-FUND-A 05.0000 10/01/2031 | 0.69% |
LITCHFIELD PUB SCHS 05.0000 02/01/2025 | 0.69% |
MINNESOTA ST HGR EDU 04.0000 10/01/2036 | 0.68% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2030 | 0.68% |
MINNEAPOLIS HLTH-B2 00.0100 11/15/2035 | 0.68% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2036 | 0.66% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2037 | 0.66% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2034 | 0.66% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2029 | 0.64% |
BETHEL CHRT SCH-A 04.2500 07/01/2047 | 0.64% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2035 | 0.60% |
MN HGR EDU FACS-8-L 05.0000 04/01/2035 | 0.59% |
HASTINGS SD 200-A 00.0000 02/01/2030 | 0.57% |
WOODBURY-A 03.0000 02/01/2022 | 0.54% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2023 | 0.53% |
SAINT PAUL MN HSG & R 05.0000 11/15/2040 | 0.53% |
MESABI E ISD 2711-B 00.0000 02/01/2029 | 0.51% |
MN ST HGR EDU FACS-Q 05.0000 10/01/2032 | 0.51% |
ST PAUL PORT-1-REGION 05.0000 08/01/2036 | 0.51% |
ROCHESTER HLTH CARE 05.0000 11/15/2036 | 0.50% |
ST PAUL HSG & REDEV-A 04.0000 10/01/2033 | 0.50% |
CIRCLE PINES SD-CABS 00.0000 02/01/2025 | 0.49% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2034 | 0.49% |
ROCHESTER HLTHCR FAC 05.0000 07/01/2033 | 0.49% |
MINNETONKA HSG VAR-RF 00.0300 05/15/2034 | 0.46% |
HENNEPIN CO-A 05.0000 12/01/2038 | 0.44% |
MINNESOTA ST HGR EDU 04.0000 10/01/2037 | 0.43% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2036 | 0.41% |
GUAM GOVT 05.0000 11/15/2031 | 0.40% |
CHASKA ISD112-A 05.0000 02/01/2031 | 0.40% |
LAKEVILLE ISD 194-B 04.0000 02/01/2027 | 0.40% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2032 | 0.40% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2031 | 0.40% |
S MN PWR AGY-A-REF 05.0000 01/01/2036 | 0.40% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2032 | 0.40% |
ST PAUL HSG & REDEV-A 05.0000 09/01/2055 | 0.39% |
ST PAUL HSG-A-REF 05.0000 07/01/2032 | 0.39% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2035 | 0.39% |
MINNEAPOLIS HLTH-A 04.0000 11/15/2038 | 0.38% |
MINNESOTA ST HGR EDU 04.0000 03/01/2037 | 0.38% |
NEW LONDON ETC SD345 04.0000 02/01/2031 | 0.38% |
DEEPHAVEN CHTR SCH-A 05.1250 07/01/2033 | 0.37% |
MOORHEAD EDUCTNL-REF 05.0000 12/01/2040 | 0.37% |
BURNSVILLE ISD 191-A 04.0000 02/01/2033 | 0.37% |
DEEPHAVEN CHTR-REF-A 05.2500 07/01/2040 | 0.37% |
CENTER CITY HTLH CARE 05.0000 11/01/2044 | 0.37% |
ST PAUL MN HSG & REDE 05.0000 12/01/2037 | 0.36% |
HAM LAKE CHRT SCH-A 05.0000 07/01/2047 | 0.36% |
MN HGR EDU-REF 8-H 05.0000 10/01/2022 | 0.36% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2033 | 0.36% |
ST PAUL PARK SEN HSG 05.0000 09/01/2042 | 0.36% |
MINNESOTA GEN REV-REF 05.0000 03/01/2029 | 0.35% |
MINNEAPOLIS STUD HSG 05.0000 08/01/2053 | 0.35% |
SARTELL ISD CAB-B 00.0000 02/01/2034 | 0.33% |
DULUTH ISD 709-B-REF 05.0000 02/01/2026 | 0.32% |
NTRHN MUN PWR 05.0000 01/01/2041 | 0.31% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2034 | 0.31% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2035 | 0.31% |
DULUTH ISD 709-B-REF 05.0000 02/01/2027 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2024 | 0.30% |
FOREST LAKE-A 04.5000 08/01/2026 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2025 | 0.29% |
MINNESOTA ST MUNI PWR 05.0000 10/01/2029 | 0.29% |
MN HGR EDU-7S 03.0000 05/01/2022 | 0.28% |
DULUTH ISD 709-B-REF 05.0000 02/01/2023 | 0.28% |
WINONA HLTH CARE-REF 05.0000 07/01/2034 | 0.27% |
MN HSG FIN AGY-E-AMT 03.5000 01/01/2046 | 0.26% |
UNIV MN SER A 05.5000 07/01/2021 | 0.25% |
COLOGNE CHTR SCH-A 05.0000 07/01/2034 | 0.25% |
ST PAUL HSG-A-REF 04.6250 03/01/2043 | 0.24% |
DULUTH ISD 709-B-REF 05.0000 02/01/2022 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2036 | 0.21% |
ST PAUL HSG & RED-A 04.0000 09/01/2036 | 0.21% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2041 | 0.21% |
NTRHN MUN PWR-REF 05.0000 01/01/2028 | 0.20% |
NJ ECON DEV AUTH-AMT 05.3750 01/01/2043 | 0.19% |
MN MUNI PWR AGY 05.0000 10/01/2033 | 0.19% |
MINNEAPOLIS HLTH-REF 05.0000 11/15/2044 | 0.19% |
WARREN HLTHCR-A-REF 05.0000 07/01/2040 | 0.19% |
INTERMEDIATE SD 287 04.0000 05/01/2027 | 0.19% |
HAM LAKE CHRT SCH-A 05.0000 11/01/2036 | 0.19% |
NTRHN MUN PWR 05.0000 01/01/2033 | 0.19% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2029 | 0.19% |
PUB FIN AUTH-A 05.7500 11/15/2044 | 0.18% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2035 | 0.18% |
FOREST LAKE-A 05.5000 08/01/2036 | 0.18% |
ST PAUL HSG & REDEV-A 06.6250 09/01/2042 | 0.17% |
ROCHESTER HLTH CARE 04.0000 11/15/2041 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2032 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2034 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2031 | 0.16% |
NTRHN MUN PWR 05.0000 01/01/2036 | 0.14% |
OTSEGO CHRT SCH-A 05.0000 09/01/2044 | 0.14% |
NTRHN MUN PWR 05.0000 01/01/2035 | 0.14% |
FRANKLIN CNTY OH HLTH 05.0000 11/15/2023 | 0.11% |
NASSAU CO ECON ASSIST 05.0000 07/01/2033 | 0.08% |
MINNEAPOLIS REV 04.0000 06/01/2027 | 0.07% |
CHICAGO MTR FUEL TAX 05.0000 01/01/2030 | 0.07% |
MINNEAPOLIS REV 04.0000 06/01/2031 | 0.07% |
MN HGR EDU FACS-8N 04.0000 10/01/2026 | 0.07% |
MMD AAA P SP 0.0 04/20/21 MS | 0.04% |
JORDAN ISD 717-PRERF 05.0000 02/01/2028 | 0.03% |
MMD AAA P SP 0.0 05/04/21 MS | 0.02% |
ST CLOUD HLTH-A-UNREF 05.1250 05/01/2030 | 0.02% |
MINNESOTA ST-A-PREREF 05.0000 10/01/2024 | 0.01% |
MMD AAA R SP 0.0 03/17/21 CI | -0.02% |
MMD AAA R SP 0.0 05/04/21 MS | -0.02% |
MMD AAA R SP 0.0 04/20/21 MS | -0.02% |
MINNESOTA ST -A 05.0000 08/01/2033 | 3.56% |
---|---|
WHITE BEAR LAKE ISD-A 04.0000 02/01/2021 | 2.59% |
MINNESOTA ST 05.0000 06/01/2037 | 2.31% |
ROCHESTER PUB SCHS 5 04.0000 02/01/2023 | 2.18% |
SHAKOPEE PUB-C-CABS 00.0000 02/01/2030 | 2.00% |
MINNEAPOLIS HLTH-A 05.0000 11/15/2034 | 1.91% |
HENNEPIN CO REGL -A 05.0000 12/01/2038 | 1.75% |
UNIV OF MN RGTS-A 05.0000 09/01/2041 | 1.67% |
DULUTH ECO DEV AUTH-A 05.0000 02/15/2043 | 1.62% |
ROCHESTER HLTH-A-MAYO 00.0200 11/15/2038 | 1.46% |
STHRN MN PWR CAB -A 00.0000 01/01/2024 | 1.33% |
MINNEAPOLIS SPL SD 1 04.0000 02/01/2035 | 1.31% |
MINNEAPOLIS MN & SAIN 05.0000 11/15/2023 | 1.30% |
HENNEPIN CO-C 05.0000 12/01/2034 | 1.28% |
MINNEAPOLIS MN 03.0000 12/01/2028 | 1.27% |
STHRN MN MUNI PWR AGY 05.0000 01/01/2042 | 1.26% |
UNIV OF MN RGTS-A 05.0000 09/01/2039 | 1.26% |
WSTRN MN MUNI PWR-A 05.0000 01/01/2049 | 1.25% |
HENNEPIN CO-B-REF 00.0500 12/01/2038 | 1.23% |
SAINT CLOUD MN HLTH C 05.0000 05/01/2046 | 1.20% |
DULUTH ISD 709-B-REF 05.0000 02/01/2028 | 1.19% |
SAINT PAUL ISD 625-D 05.0000 02/01/2029 | 1.19% |
ROCHESTER HLTH CARE 04.0000 11/15/2048 | 1.18% |
RICHFIELD ISD 280-A 04.0000 02/01/2036 | 1.16% |
MN HGR EDU FACS AUTH 04.0000 12/01/2040 | 1.13% |
ILLINOIS ST 05.0000 10/01/2032 | 1.02% |
DULUTH MN ISD COPS-A 04.0000 03/01/2032 | 0.96% |
HENNEPIN CO REGL -A 05.0000 12/01/2037 | 0.88% |
MN HGR EDU FACS AUTH 05.0000 10/01/2040 | 0.84% |
GUAM GOVT WTRWKS AUTH 05.0000 01/01/2050 | 0.84% |
LITCHFIELD PUB SCHS 05.0000 02/01/2024 | 0.82% |
UNIV OF MN RGTS-A 05.0000 04/01/2035 | 0.82% |
DULUTH ECO DEV AUTH-A 05.2500 02/15/2058 | 0.81% |
UNIV OF MN RGTS-A 05.0000 04/01/2041 | 0.81% |
ST PAUL HSG-A-REF 05.0000 07/01/2033 | 0.79% |
MET COUNCIL-REF-C 04.0000 03/01/2025 | 0.79% |
ST PAUL HSG-A-SYS 04.0000 11/15/2036 | 0.78% |
ST PAUL HSG-A-SYS 04.0000 11/15/2037 | 0.77% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2031 | 0.77% |
ROCHESTER ELEC-B 05.0000 12/01/2043 | 0.77% |
SAINT CLOUD MN HLTH C 04.0000 05/01/2049 | 0.77% |
MN HGR EDU FACS-REF 04.0000 03/01/2048 | 0.76% |
LAC QUI PARLE VLY MN 04.0000 02/01/2021 | 0.76% |
MN HGR EDU FACS-8-K 05.0000 03/01/2037 | 0.76% |
MINNESOTA HGR ED 04.0000 11/01/2037 | 0.75% |
MINNESOTA ST-A 05.0000 06/01/2038 | 0.74% |
MINNESOTA ST HGR EDU 05.0000 05/01/2047 | 0.74% |
WSTRN MUNI PWR-A-REF 05.0000 01/01/2030 | 0.74% |
MN ST CLGS & UNIV-A 04.0000 10/01/2025 | 0.72% |
JORDAN ISD 717-UNREF 05.0000 02/01/2028 | 0.71% |
CENTRAL MN PWR AGY 05.0000 01/01/2032 | 0.70% |
LITCHFIELD PUB SCHS 05.0000 02/01/2025 | 0.70% |
MINNESOTA ST-B 05.0000 10/01/2030 | 0.70% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2030 | 0.70% |
MINNESOTA ST HGR EDU 04.0000 10/01/2036 | 0.70% |
FOREST LAKE MN -A-REF 05.0000 02/01/2021 | 0.70% |
MN ST CLG-FUND-A 05.0000 10/01/2031 | 0.70% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2036 | 0.68% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2037 | 0.68% |
MINNEAPOLIS HLTH-B1-A 00.0100 11/15/2035 | 0.68% |
MINNEAPOLIS HLTH-B2 00.0100 11/15/2035 | 0.68% |
WILLMAR-A-REF 05.0000 02/01/2021 | 0.68% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2034 | 0.66% |
BETHEL CHRT SCH-A 04.2500 07/01/2047 | 0.64% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2029 | 0.64% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2035 | 0.61% |
MN HGR EDU FACS-8-L 05.0000 04/01/2035 | 0.59% |
HASTINGS SD 200-A 00.0000 02/01/2030 | 0.58% |
WOODBURY-A 03.0000 02/01/2022 | 0.54% |
SAINT PAUL MN HSG & R 05.0000 11/15/2040 | 0.54% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2023 | 0.54% |
ROCHESTER HLTH CARE 05.0000 11/15/2036 | 0.52% |
MN ST HGR EDU FACS-Q 05.0000 10/01/2032 | 0.51% |
MESABI E ISD 2711-B 00.0000 02/01/2029 | 0.51% |
ST PAUL PORT-1-REGION 05.0000 08/01/2036 | 0.51% |
ST PAUL HSG & REDEV-A 04.0000 10/01/2033 | 0.50% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2034 | 0.50% |
CIRCLE PINES SD-CABS 00.0000 02/01/2025 | 0.50% |
ROCHESTER HLTHCR FAC 05.0000 07/01/2033 | 0.49% |
MINNETONKA HSG VAR-RF 00.0300 05/15/2034 | 0.46% |
HENNEPIN CO-A 05.0000 12/01/2038 | 0.45% |
MINNESOTA ST HGR EDU 04.0000 10/01/2037 | 0.44% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2036 | 0.42% |
CHASKA ISD112-A 05.0000 02/01/2031 | 0.41% |
GUAM GOVT 05.0000 11/15/2031 | 0.41% |
LAKEVILLE ISD 194-B 04.0000 02/01/2027 | 0.41% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2031 | 0.41% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2032 | 0.41% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2032 | 0.41% |
S MN PWR AGY-A-REF 05.0000 01/01/2036 | 0.40% |
ST PAUL HSG & REDEV-A 05.0000 09/01/2055 | 0.40% |
ST PAUL HSG-A-REF 05.0000 07/01/2032 | 0.40% |
MINNEAPOLIS HLTH-A 04.0000 11/15/2038 | 0.39% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2035 | 0.39% |
MINNESOTA ST HGR EDU 04.0000 03/01/2037 | 0.39% |
NEW LONDON ETC SD345 04.0000 02/01/2031 | 0.39% |
BURNSVILLE ISD 191-A 04.0000 02/01/2033 | 0.38% |
DEEPHAVEN CHTR SCH-A 05.1250 07/01/2033 | 0.38% |
MOORHEAD EDUCTNL-REF 05.0000 12/01/2040 | 0.38% |
DEEPHAVEN CHTR-REF-A 05.2500 07/01/2040 | 0.38% |
ST PAUL MN HSG & REDE 05.0000 12/01/2037 | 0.37% |
CENTER CITY HTLH CARE 05.0000 11/01/2044 | 0.37% |
HAM LAKE CHRT SCH-A 05.0000 07/01/2047 | 0.36% |
MN HGR EDU-REF 8-H 05.0000 10/01/2022 | 0.36% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2033 | 0.36% |
ST PAUL PARK SEN HSG 05.0000 09/01/2042 | 0.36% |
MINNESOTA GEN REV-REF 05.0000 03/01/2029 | 0.36% |
MINNEAPOLIS STUD HSG 05.0000 08/01/2053 | 0.35% |
SARTELL ISD CAB-B 00.0000 02/01/2034 | 0.34% |
DULUTH ISD 709-B-REF 05.0000 02/01/2026 | 0.32% |
NTRHN MUN PWR 05.0000 01/01/2041 | 0.32% |
DULUTH ISD 709-B-REF 05.0000 02/01/2027 | 0.31% |
DULUTH ISD 709-B-REF 05.0000 02/01/2024 | 0.30% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2034 | 0.30% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2035 | 0.30% |
FOREST LAKE-A 04.5000 08/01/2026 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2025 | 0.30% |
MINNESOTA ST MUNI PWR 05.0000 10/01/2029 | 0.29% |
MN HGR EDU-7S 03.0000 05/01/2022 | 0.28% |
DULUTH ISD 709-B-REF 05.0000 02/01/2023 | 0.28% |
WINONA HLTH CARE-REF 05.0000 07/01/2034 | 0.27% |
MN HSG FIN AGY-E-AMT 03.5000 01/01/2046 | 0.26% |
UNIV MN SER A 05.5000 07/01/2021 | 0.26% |
COLOGNE CHTR SCH-A 05.0000 07/01/2034 | 0.25% |
ST PAUL HSG-A-REF 04.6250 03/01/2043 | 0.24% |
DULUTH ISD 709-B-REF 05.0000 02/01/2022 | 0.23% |
ST PAUL HSG & RED-A 04.0000 09/01/2036 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2036 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2041 | 0.21% |
NTRHN MUN PWR-REF 05.0000 01/01/2028 | 0.20% |
MN MUNI PWR AGY 05.0000 10/01/2033 | 0.20% |
MINNEAPOLIS HLTH-REF 05.0000 11/15/2044 | 0.20% |
NJ ECON DEV AUTH-AMT 05.3750 01/01/2043 | 0.20% |
WARREN HLTHCR-A-REF 05.0000 07/01/2040 | 0.19% |
NTRHN MUN PWR 05.0000 01/01/2033 | 0.19% |
INTERMEDIATE SD 287 04.0000 05/01/2027 | 0.19% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2029 | 0.19% |
HAM LAKE CHRT SCH-A 05.0000 11/01/2036 | 0.19% |
PUB FIN AUTH-A 05.7500 11/15/2044 | 0.18% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2035 | 0.18% |
FOREST LAKE-A 05.5000 08/01/2036 | 0.18% |
NTRHN MUN PWR 05.0000 01/01/2032 | 0.18% |
ST PAUL HSG & REDEV-A 06.6250 09/01/2042 | 0.18% |
ROCHESTER HLTH CARE 04.0000 11/15/2041 | 0.18% |
NTRHN MUN PWR 05.0000 01/01/2034 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2031 | 0.16% |
NTRHN MUN PWR 05.0000 01/01/2036 | 0.15% |
OTSEGO CHRT SCH-A 05.0000 09/01/2044 | 0.14% |
NTRHN MUN PWR 05.0000 01/01/2035 | 0.14% |
FRANKLIN CNTY OH HLTH 05.0000 11/15/2023 | 0.11% |
NASSAU CO ECON ASSIST 05.0000 07/01/2033 | 0.08% |
MINNEAPOLIS REV 04.0000 06/01/2027 | 0.08% |
CHICAGO MTR FUEL TAX 05.0000 01/01/2030 | 0.07% |
MINNEAPOLIS REV 04.0000 06/01/2031 | 0.07% |
MN HGR EDU FACS-8N 04.0000 10/01/2026 | 0.07% |
MMD AAA R SP 0.0 02/17/21 CI | 0.05% |
MMD AAA R SP 0.0 02/04/21 MS | 0.05% |
JORDAN ISD 717-PRERF 05.0000 02/01/2028 | 0.03% |
ST CLOUD HLTH-A-UNREF 05.1250 05/01/2030 | 0.02% |
MMD AAA R SP 0.0 04/20/21 MS | 0.01% |
MINNESOTA ST-A-PREREF 05.0000 10/01/2024 | 0.01% |
MMD AAA R SP 0.0 04/20/21 MS | 0.01% |
MMD AAA R SP 0.0 03/17/21 CI | 0.00% |
MMD AAA P SP 0.0 04/20/21 MS | -0.01% |
WHITE BEAR LAKE ISD-A 04.0000 02/01/2021 | 2.63% |
---|---|
MINNESOTA ST 05.0000 06/01/2037 | 2.33% |
ROCHESTER PUB SCHS 5 04.0000 02/01/2023 | 2.22% |
ROCHESTER HLTH-B-MAYO 00.0700 11/15/2038 | 2.09% |
SHAKOPEE PUB-C-CABS 00.0000 02/01/2030 | 2.00% |
MINNEAPOLIS HLTH-A 05.0000 11/15/2034 | 1.93% |
HENNEPIN CO REGL -A 05.0000 12/01/2038 | 1.78% |
UNIV OF MN RGTS-A 05.0000 09/01/2041 | 1.70% |
DULUTH ECO DEV AUTH-A 05.0000 02/15/2043 | 1.64% |
MINNEAPOLIS HLTH-B1-A 00.0200 11/15/2035 | 1.58% |
ROCHESTER HLTH-A-MAYO 00.0700 11/15/2038 | 1.48% |
MINNEAPOLIS ST PAUL-B 05.0000 01/01/2021 | 1.42% |
STHRN MN PWR CAB -A 00.0000 01/01/2024 | 1.34% |
MINNEAPOLIS SPL SD 1 04.0000 02/01/2035 | 1.33% |
MINNEAPOLIS MN & SAIN 05.0000 11/15/2023 | 1.32% |
MINNEAPOLIS MN 03.0000 12/01/2028 | 1.28% |
HENNEPIN CO-C 05.0000 12/01/2034 | 1.28% |
STHRN MN MUNI PWR AGY 05.0000 01/01/2042 | 1.28% |
UNIV OF MN RGTS-A 05.0000 09/01/2039 | 1.28% |
WSTRN MN MUNI PWR-A 05.0000 01/01/2049 | 1.27% |
HENNEPIN CO-B-REF 00.0800 12/01/2038 | 1.24% |
DULUTH ISD 709-B-REF 05.0000 02/01/2028 | 1.21% |
SAINT CLOUD MN HLTH C 05.0000 05/01/2046 | 1.19% |
RICHFIELD ISD 280-A 04.0000 02/01/2036 | 1.18% |
ROCHESTER HLTH CARE 04.0000 11/15/2048 | 1.17% |
MN HGR EDU FACS AUTH 04.0000 12/01/2040 | 1.13% |
ILLINOIS ST 05.0000 10/01/2032 | 0.99% |
DULUTH MN ISD COPS-A 04.0000 03/01/2032 | 0.97% |
HENNEPIN CO REGL -A 05.0000 12/01/2037 | 0.89% |
GUAM GOVT WTRWKS AUTH 05.0000 01/01/2050 | 0.85% |
MN HGR EDU FACS AUTH 05.0000 10/01/2040 | 0.84% |
UNIV OF MN RGTS-A 05.0000 04/01/2035 | 0.83% |
DULUTH ECO DEV AUTH-A 05.2500 02/15/2058 | 0.82% |
UNIV OF MN RGTS-A 05.0000 04/01/2041 | 0.82% |
MET COUNCIL-REF-C 04.0000 03/01/2025 | 0.80% |
ST PAUL HSG-A-REF 05.0000 07/01/2033 | 0.80% |
ST PAUL HSG-A-SYS 04.0000 11/15/2036 | 0.79% |
ST PAUL HSG-A-SYS 04.0000 11/15/2037 | 0.78% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2031 | 0.78% |
SAINT CLOUD MN HLTH C 04.0000 05/01/2049 | 0.78% |
LAC QUI PARLE VLY MN 04.0000 02/01/2021 | 0.77% |
MN HGR EDU FACS-REF 04.0000 03/01/2048 | 0.77% |
ROCHESTER ELEC-B 05.0000 12/01/2043 | 0.76% |
MN HGR EDU FACS-8-K 05.0000 03/01/2037 | 0.76% |
MINNESOTA HGR ED 04.0000 11/01/2037 | 0.76% |
MINNESOTA ST-A 05.0000 06/01/2038 | 0.75% |
WSTRN MUNI PWR-A-REF 05.0000 01/01/2030 | 0.74% |
MINNESOTA ST HGR EDU 05.0000 05/01/2047 | 0.74% |
MN ST CLGS & UNIV-A 04.0000 10/01/2025 | 0.73% |
JORDAN ISD 717-UNREF 05.0000 02/01/2028 | 0.72% |
CENTRAL MN PWR AGY 05.0000 01/01/2032 | 0.72% |
MINNESOTA ST-B 05.0000 10/01/2030 | 0.71% |
FOREST LAKE MN -A-REF 05.0000 02/01/2021 | 0.71% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2030 | 0.71% |
MN ST CLG-FUND-A 05.0000 10/01/2031 | 0.71% |
MINNESOTA ST HGR EDU 04.0000 10/01/2036 | 0.70% |
WILLMAR-A-REF 05.0000 02/01/2021 | 0.69% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2036 | 0.69% |
MINNEAPOLIS HLTH-B2 00.0200 11/15/2035 | 0.68% |
MINNEAPOLIS ARPT-C 05.0000 01/01/2037 | 0.68% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2034 | 0.67% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2029 | 0.65% |
BETHEL CHRT SCH-A 04.2500 07/01/2047 | 0.65% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2035 | 0.61% |
MN HGR EDU FACS-8-L 05.0000 04/01/2035 | 0.60% |
HASTINGS SD 200-A 00.0000 02/01/2030 | 0.58% |
WOODBURY-A 03.0000 02/01/2022 | 0.55% |
SAINT PAUL MN HSG & R 05.0000 11/15/2040 | 0.54% |
MINNEAPOLIS ETC-B-REF 05.0000 01/01/2023 | 0.54% |
ROCHESTER HLTH CARE 05.0000 11/15/2036 | 0.53% |
MN ST HGR EDU FACS-Q 05.0000 10/01/2032 | 0.52% |
MESABI E ISD 2711-B 00.0000 02/01/2029 | 0.52% |
ST PAUL PORT-1-REGION 05.0000 08/01/2036 | 0.51% |
ST PAUL HSG & REDEV-A 04.0000 10/01/2033 | 0.51% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2034 | 0.51% |
CIRCLE PINES SD-CABS 00.0000 02/01/2025 | 0.50% |
ROCHESTER HLTHCR FAC 05.0000 07/01/2033 | 0.50% |
MINNETONKA HSG VAR-RF 00.0900 05/15/2034 | 0.46% |
HENNEPIN CO-A 05.0000 12/01/2038 | 0.45% |
MINNESOTA ST HGR EDU 04.0000 10/01/2037 | 0.44% |
ROCHESTER ELEC-A-REF 05.0000 12/01/2036 | 0.42% |
CHASKA ISD112-A 05.0000 02/01/2031 | 0.42% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2031 | 0.41% |
LAKEVILLE ISD 194-B 04.0000 02/01/2027 | 0.41% |
GUAM GOVT 05.0000 11/15/2031 | 0.41% |
MAPLE GROVE HLTH-REF 05.0000 05/01/2032 | 0.41% |
WSTRN MN MUNI PWR AGY 05.0000 01/01/2032 | 0.41% |
S MN PWR AGY-A-REF 05.0000 01/01/2036 | 0.41% |
ST PAUL HSG-A-REF 05.0000 07/01/2032 | 0.40% |
MINNEAPOLIS HLTH-A 04.0000 11/15/2038 | 0.40% |
ST PAUL HSG & REDEV-A 05.0000 09/01/2055 | 0.40% |
MINNESOTA MUNI PWR-A 05.0000 10/01/2035 | 0.40% |
MINNESOTA ST HGR EDU 04.0000 03/01/2037 | 0.40% |
NEW LONDON ETC SD345 04.0000 02/01/2031 | 0.39% |
DEEPHAVEN CHTR SCH-A 05.1250 07/01/2033 | 0.38% |
BURNSVILLE ISD 191-A 04.0000 02/01/2033 | 0.38% |
MOORHEAD EDUCTNL-REF 05.0000 12/01/2040 | 0.38% |
DEEPHAVEN CHTR-REF-A 05.2500 07/01/2040 | 0.38% |
CENTER CITY HTLH CARE 05.0000 11/01/2044 | 0.38% |
ST PAUL MN HSG & REDE 05.0000 12/01/2037 | 0.38% |
MN HGR EDU-REF 8-H 05.0000 10/01/2022 | 0.37% |
HAM LAKE CHRT SCH-A 05.0000 07/01/2047 | 0.36% |
MINNESOTA GEN REV-REF 05.0000 03/01/2029 | 0.36% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2033 | 0.36% |
ST PAUL PARK SEN HSG 05.0000 09/01/2042 | 0.36% |
MINNEAPOLIS STUD HSG 05.0000 08/01/2053 | 0.35% |
SARTELL ISD CAB-B 00.0000 02/01/2034 | 0.34% |
DULUTH ISD 709-B-REF 05.0000 02/01/2026 | 0.33% |
NTRHN MUN PWR 05.0000 01/01/2041 | 0.33% |
DULUTH ISD 709-B-REF 05.0000 02/01/2027 | 0.32% |
DULUTH ISD 709-B-REF 05.0000 02/01/2024 | 0.31% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2034 | 0.31% |
MN HGR EDU FACS-A-REF 04.0000 10/01/2035 | 0.31% |
FOREST LAKE-A 04.5000 08/01/2026 | 0.30% |
DULUTH ISD 709-B-REF 05.0000 02/01/2025 | 0.30% |
MINNESOTA ST MUNI PWR 05.0000 10/01/2029 | 0.30% |
MN HGR EDU-7S 03.0000 05/01/2022 | 0.29% |
DULUTH ISD 709-B-REF 05.0000 02/01/2023 | 0.28% |
WINONA HLTH CARE-REF 05.0000 07/01/2034 | 0.28% |
MN HSG FIN AGY-E-AMT 03.5000 01/01/2046 | 0.27% |
UNIV MN SER A 05.5000 07/01/2021 | 0.26% |
COLOGNE CHTR SCH-A 05.0000 07/01/2034 | 0.25% |
ST PAUL HSG-A-REF 04.6250 03/01/2043 | 0.24% |
DULUTH ISD 709-B-REF 05.0000 02/01/2022 | 0.23% |
ST PAUL HSG & RED-A 04.0000 09/01/2036 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2036 | 0.22% |
BAYTOWN TWP MN LEASE 04.0000 08/01/2041 | 0.22% |
NTRHN MUN PWR-REF 05.0000 01/01/2028 | 0.21% |
MINNEAPOLIS HLTH-REF 05.0000 11/15/2044 | 0.20% |
MN MUNI PWR AGY 05.0000 10/01/2033 | 0.20% |
NJ ECON DEV AUTH-AMT 05.3750 01/01/2043 | 0.20% |
NTRHN MUN PWR 05.0000 01/01/2033 | 0.20% |
WARREN HLTHCR-A-REF 05.0000 07/01/2040 | 0.20% |
INTERMEDIATE SD 287 04.0000 05/01/2027 | 0.19% |
SHAKOPEE HLTHCARE-REF 05.0000 09/01/2029 | 0.19% |
HAM LAKE CHRT SCH-A 05.0000 11/01/2036 | 0.19% |
PUB FIN AUTH-A 05.7500 11/15/2044 | 0.18% |
ST PAUL HSG & REDEV-A 05.0000 07/01/2035 | 0.18% |
FOREST LAKE-A 05.5000 08/01/2036 | 0.18% |
NTRHN MUN PWR 05.0000 01/01/2032 | 0.18% |
ST PAUL HSG & REDEV-A 06.6250 09/01/2042 | 0.18% |
ROCHESTER HLTH CARE 04.0000 11/15/2041 | 0.18% |
NTRHN MUN PWR 05.0000 01/01/2034 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2031 | 0.17% |
NTRHN MUN PWR 05.0000 01/01/2036 | 0.15% |
OTSEGO CHRT SCH-A 05.0000 09/01/2044 | 0.14% |
NTRHN MUN PWR 05.0000 01/01/2035 | 0.14% |
FRANKLIN CNTY OH HLTH 05.0000 11/15/2023 | 0.11% |
NASSAU CO ECON ASSIST 05.0000 07/01/2033 | 0.08% |
MINNEAPOLIS REV 04.0000 06/01/2027 | 0.08% |
CHICAGO MTR FUEL TAX 05.0000 01/01/2030 | 0.08% |
MINNEAPOLIS REV 04.0000 06/01/2031 | 0.07% |
MN HGR EDU FACS-8N 04.0000 10/01/2026 | 0.07% |
MMD AAA R SP 0.0 02/17/21 CI | 0.05% |
MMD AAA R SP 0.0 02/04/21 MS | 0.05% |
JORDAN ISD 717-PRERF 05.0000 02/01/2028 | 0.03% |
ST CLOUD HLTH-A-UNREF 05.1250 05/01/2030 | 0.02% |
MINNESOTA ST-A-PREREF 05.0000 10/01/2024 | 0.01% |
MMD AAA R SP 0.0 03/17/21 CI | 0.00% |
Portfolio composition as of 03/31/21
Municipal bonds and notes | 91.34% |
---|---|
Cash and net other assets | 8.66% |
Fixed income statistics as of 03/31/21
Average stated maturity | 14.93 yrs. |
---|---|
Average effective maturity | 5.20 yrs. |
Option adjusted duration | 6.24 yrs. |
Duration to worst | 4.62 yrs. |
Average yield to maturity | 2.76% |
Average coupon | 4.04% |
AMT exposure | 2.11% |
Quality rating as of 03/31/21
AAA | 18.92% |
---|---|
AA | 32.78% |
A | 23.07% |
BBB | 7.79% |
BB | 6.10% |
Not Rated | 2.68% |
Cash and net other assets | 8.66% |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. The fund's performance will be closely tied to the economic and political conditions in Minnesota and can be more volatile than the performance of a more geographically diversified fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund's investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Interest the fund receives might be taxable. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of net assets. A bond rated BBB or higher (SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor's, Moody's, and Fitch. Ratings may vary over time. Cash and net other assets, if any, represent the market value weights of cash, derivatives, and short-term securities in the portfolio. The fund itself has not been rated by an independent rating agency.
Top industry sectors as of 03/31/21
Local Debt | 23.28% |
---|---|
Education | 22.76% |
Health care | 15.85% |
Utilities | 11.26% |
Cash and net other assets | 8.66% |
State Debt | 8.19% |
Prerefunded | 5.26% |
Transportation | 2.68% |
Other | 1.74% |
Other | 0.32% |
0
Sectors will vary over time.
Expenses
Expense ratio |
Class A | Class B | Class C | Class R6 | Class Y |
---|---|---|---|---|---|
Total expense ratio | 0.87% | 1.47% | 1.62% | 0.59% | 0.62% |
What you pay | 0.87% | 1.47% | 1.62% | 0.59% | 0.62% |
Sales charge
Investment Breakpoint | Class A | Class B | Class C | Class R6 | Class Y |
---|---|---|---|---|---|
$0-$49,999 | 4.00% | 0.00% | 0.00% | -- | -- |
$50,000-$99,999 | 4.00% | 0.00% | 0.00% | -- | -- |
$100,000-$249,999 | 3.25% | -- | 0.00% | -- | -- |
$250,000-$499,999 | 2.50% | -- | 0.00% | -- | -- |
$500,000-$999,999 | 0.00% | -- | -- | -- | -- |
$1M-$4M | 0.00% | -- | -- | -- | -- |
$4M-$50M | 0.00% | -- | -- | -- | -- |
$50M+ | 0.00% | -- | -- | -- | -- |
CDSC
Class A (sales for $500,000+) | Class B | Class C | Class R6 | Class Y | |
---|---|---|---|---|---|
0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- |
9 to 12 mts. | 1.00% | 5.00% | 1.00% | -- | -- |
2 yrs. | 0.00% | 4.00% | 0.00% | -- | -- |
3 yrs. | 0.00% | 3.00% | 0.00% | -- | -- |
4 yrs. | 0.00% | 3.00% | 0.00% | -- | -- |
5 yrs. | 0.00% | 2.00% | 0.00% | -- | -- |
6 yrs. | 0.00% | 1.00% | 0.00% | -- | -- |
7+ yrs. | 0.00% | 0.00% | 0.00% | -- | -- |
The Bloomberg Barclays Municipal Bond Index is an unmanaged index of long-term fixed-rate investment-grade tax-exempt bonds. You cannot invest directly in an index.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. The fund's performance will be closely tied to the economic and political conditions in Minnesota and can be more volatile than the performance of a more geographically diversified fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund's investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Interest the fund receives might be taxable. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of net assets. A bond rated BBB or higher (SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor's, Moody's, and Fitch. Ratings may vary over time. Cash and net other assets, if any, represent the market value weights of cash, derivatives, and short-term securities in the portfolio. The fund itself has not been rated by an independent rating agency.