Balanced Fund Quarterly Fund Commentary
April 24, 2013
First Quarter Results
The Mairs & Power Balanced Fund started the year with an exceptionally strong first quarter, benefiting from an overall positive stock market environment, excellent performance among several portfolio holdings and a relatively stable interest rate environment in the quarter. The Fund delivered an investment return of 7.65%, significantly outperforming a benchmark composite (60% S&P 500 Stock Index and 40% Barclay's Gov't/Credit bond Index)...
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