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.
|
Fund Name
|
Estimated Dividend per Share |
Estimated Long-Term Capital Gain per Share |
% of Net Asset Value (NAV) as of 10/30/2026 |
| Mairs & Power Fund | $0.31 - $0.34 | $7.95 - $8.79 | 4.07% - 4.49% |
| Balanced Fund | $0.64 - $0.70 | $1.89 - $2.09 | 2.11% - 2.33% |
| Small Cap Fund | $0.07 - $0.08 | $1.23 - $1.36 | 3.59% - 3.97% |
Record Date: December 14, 2026
Payable/Ex-Dividend/Reinvestment Date: December 15, 2026
2026 Capital Gains: What You Need to Know
Key takeaway: We expect capital gain distributions to be lower again this year. This continues a trend we've worked hard to maintain for our shareholders.
What is a capital gain distribution? During the year, a fund may sell some of the stocks it holds. If its total gains from those sales are larger than its total losses, the fund must pass the net gain on to shareholders. That payment is a capital gain distribution. It's paid per share and is usually made near the end of the year.
Why did we sell anything? Our investment decisions are guided by a consistent valuation discipline. Over the last few years, some of our holdings have risen a lot in value. When a position grows beyond what we think its valuation supports, or becomes too large a share of the portfolio, we trim it. These sales help us manage risk and keep each Fund in line with its long-term strategy. We also saw attractive opportunities to add new positions to the Fund and took advantage of them. They can also create gains that must be distributed.
How we kept gains lower: 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.
Our commitment to shareholders We believe a long-term investment focus is the best way to make money for our clients. That patient approach naturally leads to lower portfolio turnover. Our Funds have long track records of tax efficiency, and according to Morningstar’s tax cost ratio, they rank among the most tax-efficient mutual funds (as of October 31, 2026). We'll keep using ReFlow when it's appropriate and in shareholders' best interest, and we'll keep taxes in mind as part of our investment process.
Questions? If you have questions about the estimated capital gain and dividend distributions, or how they may affect your year-end planning, please contact us. We're happy to help. You may also want to talk with your tax advisor about your own situation.
Funds standardized performance:
Mairs & Power Fund Performance (Expense Ratio: 0.62%)
Balanced Fund Performance (Expense Ratio: 0.72%)
Small Cap Fund Performance (Expense Ratio: 0.97%)
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. For most recent month-end performance figures, please call Shareholder Services at 800-304-7404.
30 day SEC yields (as of 9/30/2026):
Growth Fund: 0.46%
Balanced Fund: 2.32%
Small Cap Fund: 0.07%
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, 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.
The 30-day SEC yield is a standard calculation that allows investors to fairly compare the performance of bond funds. This yield reflects the income from dividends and interest minus expenses over a 30-day period, annualized to show potential yearly returns.
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.