Minnesota Muni Inc II Common

The investment objective of the Fund is to provide current income exempt from both regular federal income tax and regular Minnesota personal income tax. The Funds income may be subject to federal and/or Minnesota alternative minimum tax. The Fund will normally invest at least 80% of its assets (net assets plus any borrowing for investment) in municipal bonds. All of the municipal bond investments will be of investment grade. The Fund will invest primarily in municipal bonds with long-term maturities in order to maintain a dollar weighted average maturity of 15 to 30 years. The Fund may also make use of derivatives and other instruments in order to hedge its investents.

Key stats

Management firm  Us Bank National Association
Domicile  United States
Global Branding Name  US Bank
Fund Status  OBSOLETE
12 month yield  4.89%
Fund currency  USD
Launch Date  2002-10-31
Obsolete Date  2014-10-03
ISIN  US31849P1049
SEDOL  2060507
Manager 1 Name  Christopher Drahn
Manager 2 Name  Douglas White
Fund Strategy  Muni Minnesota
Benchmark  Barclays Municipal TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-09-30
Return - 1 Month  0.18%
Return - 2 Months  2.28 %
Return - 3 Months  2.71%
Return - 6 Months  7.28 %
Return - 9 months  14.33 %
Return - 12 Months  15.53%
Annualized return 24 months  3.01 %
Annualized return 36 months  6.22 %
Annualized return 48 months  5.81 %
Annualized return 60 months  6.89 %
Return 120 months  5.76 %
Annualized return since Inception  6.00%
Return YTD  14.33%

Ratings

Morning Star Rating Date   2014-09-30

Charges

Maximum Managment Charge  0.35 %

Contact

Contact Address  Us Bank National Association
Contact Address 2  425 Walnut Street
Contact Address 3  Cincinnati, Ohio 45202
Contact city  Cincinnati
Contact country  United States
Fund Admin Group  Us Bank National Association
Custodian  U.S. Bank (N.A.) Minneapolis
Phone  612-303-6000

Price

Last Price Date  2014-10-03
Pre-tax nav  14.54
Price change  $0.10
Price change (percentage)  0.69 %

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information