Mairs and Power

Small Cap Fund Quarterly Fund Commentary

December 31, 2013

Fourth Quarter Results

The Mairs & Power Small Cap Fund returned 38.75% for 2013, lagging its small-cap benchmark, the S&P 600 Total Return (TR) Index, at 41.31%.  However, the Fund outperformed its Lipper peer group by 2.6%, as measured by the Lipper Small-Cap Core Funds Index, which returned 36.13%.  For the quarter, the Fund, at 10.05%, outperformed both indexes at 9.83% and 8.80%, respectively...

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