Balanced Fund Quarterly Fund Commentary
September 30, 2013
Third Quarter Results
The Mairs & Power Balanced Fund continues to outpace the market in 2013 through strong security selection. The Fund returned 12.10% through the third quarter compared to a 10.54% return for the benchmark composite index (60% S&P 500 Stock Index and 40% Barclays Capital Gov’t/Credit Bond Index). For the quarter, the Fund was up 3.98% compared to 3.30% for the benchmark composite index...
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