Mairs and Power

Small Cap Fund Quarterly Fund Commentary

June 30, 2014

Second Quarter Results

The Mairs & Power Small Cap Fund turned in a solid performance for the first half of the year returning 5.61% compared to 3.22% for its benchmark, the S&P 600 SmallCap Total Return Index. For the same period, the Lipper Small Cap Core Funds Index, its peer group, returned 3.83%. Additionally, for the quarter, the Fund gained 2.30%, outperforming its benchmark at 2.07% and slightly lagging the Lipper peer group at 2.57%...

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