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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