Minnesota Muni Income Port Common

The Fund aims to provide high current income exempt from both regular federal income tax and State of Minnesota personal income tax, consistent with preservation of capital. The Fund will seek to achieve its objectives by investing in a portfolio of Minnesota Municipal Obligations rated as investment grade at the time of purchase or of comparable quality. At least 65% of the Funds total assets will be invested in Municipal Obligations rated A or better by S&P or Moodys. No more than 20% of the Funds total assets will be invested in unrated Municipal Obligations. The Fund may leverage itself through the issuance of preferred stock.

Key stats

Management firm  Us Bank National Association
Domicile  United States
Global Branding Name  US Bank
12 month yield  5.65%
Fund currency  USD
Launch Date  1993-06-25
ISIN  US6040621095
SEDOL  2595634
Manager 1 Name  Christopher Drahn
Manager 2 Name  Douglas White
Fund Strategy  Muni Minnesota
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  1.70%
Return - 2 Months  2.05 %
Return - 3 Months  2.28%
Return - 6 Months  6.45 %
Return - 9 months  11.76 %
Return - 12 Months  16.68%
Annualized return 24 months  4.30 %
Annualized return 36 months  8.45 %
Annualized return 48 months  6.61 %
Annualized return 60 months  9.47 %
Return 120 months  6.24 %
Annualized return since Inception  6.51%
Return YTD  11.93%

Ratings

Morning Star Rating Date   2014-08-31

Charges

Initial  0.00 %
Maximum Managment Charge  0.35 %
Exit charge  0.00 %
Performance Fee  0.00 %

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  2014-09-26
Pre-tax nav  15.35
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.05
Price change (percentage)  -0.32 %
Guaranteed NAV  0.00000
Close Price  0.00

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.
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Ratings Disclaimer

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