To assist you with your year-end investment and tax planning strategies, the Mairs & Power Funds are providing preliminary estimates of capital gain and dividend distributions. The numbers are estimates only and are subject to change. Actual distribution may vary from these figures.
Dividend per Share
Capital Gain per Share
% of Net Asset Value (NAV)
as of 10/31/2023
|Growth Fund||$0.61 - $0.68||$2.15 - $2.30||2.13% - 2.30%|
|Balanced Fund||$0.54 - $0.60||$1.60 - $1.80||2.34% - 2.62%|
|Small Cap Fund||$0.05 - $0.10||$0.10 - $0.20||0.63% - 1.26%|
Record Date: December 14, 2023
Payable/Ex-Dividend/Reinvestment Date: December 15, 2023
Note About 2023 Capital Gains
After a few years in a row of higher capital gain amounts, we are happy to share that this year’s estimated capital gains are lower. This is a result of over the past year using Reflow. ReFlow provides liquidity to the Funds to mitigate trading costs that open-end funds incur in connection with redemptions of fund shares and reduces realized capital gains over the long-term. This program smooths fluctuations in a fund’s cash level and reduces the amount of its flow-related trading activity. ReFlow helped to reduce cash drag on the portfolio and kept assets fully invested.
We believe our long-term investment focus is the best way to make money for our clients. While our Funds have long-term records of tax efficiency and rank among the most tax efficient mutual funds, according to Morningstar, we wanted to utilize ReFlow for the benefit of our shareholders and will continue to use ReFlow, when appropriate, and in the best interest of the shareholder.
Please reach out if you have questions about the estimated capital gain and dividend distributions.
Investing involves risk, including potential loss of principal.
Investing in the Funds is subject to investment risks, including, but not limited to, possible loss of the principal amount invested. These investment risks are explained in the Prospectus.
The Mairs & Power Balanced, Growth, and Small Cap Mutual Funds are offered by Prospectus only. The Funds are not available for sale to investors residing outside of the United States. See each individual Fund for more information. You should read the Prospectus carefully before you invest. A Prospectus is available online. You may also obtain a Fund Prospectus by calling Shareholder Services at 800-304-7404.
Diversification does not eliminate the risk of experiencing investment loss.
Morningstar data is the property of Morningstar, Inc., which is not affiliated with Mairs & Power, Inc.
Foreside Fund Services, LLC is the Distributor for the Mairs & Power Funds. Foreside Fund Services, LLC is not affiliated with Mairs & Power, Inc. Foreside Fund Services, LLC does not distribute the individually managed accounts.