Mairs and Power

Balanced Fund Quarterly Fund Commentary

December 31, 2013

Fourth Quarter Results

The Mairs & Power Balanced Fund returned 19.02% in 2013, outperforming the 17.40% return of its benchmark composite index (60% S&P 500 Stock Index and 40% Barclays Capital Government/Credit Bond Index).  For the quarter, the Fund at 6.17% performed in-line with the benchmark at 6.21%...



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