SAINT PAUL, Minnesota — Mairs & Power, Inc., an independent, employee-owned investment advisory firm, announces Brent S. Miller has joined Kevin V. Earley and Robert W. Thompson as a co-manager of the Mairs & Power Balanced Fund (MAPOX). This management change became effective October 1, 2024.
“Brent brings energy, experience, and a deep understanding of our investment philosophy to the Mairs & Power Balanced Fund,” said Earley, lead manager of the Balanced Fund. “His appreciation for Minnesota and the Upper Midwest aligns perfectly with our regional focus. Brent’s fixed income expertise and dedication to our long-term investment approach make him an excellent fit for the role, and he will undoubtedly contribute to the continued success of the Balanced Fund.”
Miller has worked closely with the Balanced Fund team for the last few years, providing credit and security analysis as a member of the firm’s investment committee. Building out the Balanced Fund team will enhance the team’s research capacity, aiming to identify stocks and bonds from stable, growing companies and issuers that can provide capital growth, current income and preservation of capital.
Miller, who joined Mairs & Power in 2019, also serves as lead manager for the Minnesota Municipal Bond ETF, the first Minnesota Municipal Bond exchange traded fund in the country. Prior to joining the firm, Brent was a fixed income analyst at The Travelers Companies in St. Paul, Minnesota, where he worked for seven years.
As of June 30, 2024, the Mairs & Power Balanced Fund (MAPOX) held $764 million in assets under management.
About Mairs & Power
Founded in 1931 and based in St. Paul, Mairs & Power is Minnesota’s oldest investment firm under continuous private ownership and management. The firm manages more than $11.9 billion in assets across individually managed accounts serving individuals and institutions, three mutual funds (Mairs & Power Growth Fund - MPGFX, Mairs & Power Balanced Fund - MAPOX and Mairs & Power Small Cap Fund - MSCFX), an ETF (Mairs & Power Municipal Bond Fund – MINN), and venture capital. For more information, please visit our website www.mairsandpower.com.
The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The summary prospectuses or full prospectus contain this and other important information about the Funds, and they may be obtained by calling Shareholder Services at (800) 304‐7404, or by visiting mairsandpower.com. Read the summary prospectuses or full prospectus carefully before investing. Investing in the Funds is subject to investment risks, including, but not limited to, possible loss of principal amount invested.
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