Effective April 30, 2026, direct shareholders of the Mairs & Power Funds have access to a new money market option: the First American Government Obligations Fund (FGXXX). This option seeks to provide a convenient, liquid way to manage short‑term cash needs within an existing Mairs & Power account.
The new option is designed to provide shareholders with a convenient and liquid way to manage short‑term cash needs while keeping assets within the Mairs & Power fund platform. Many investors use money market funds to hold cash between investment decisions, maintain flexibility during changing market conditions, or temporarily reduce exposure to more volatile assets without moving assets outside their accounts.
“Adding a money market option enhances the flexibility shareholders have in managing cash balances alongside their long‑term investment strategies,” said Rob Mairs, CEO and Chair of Mairs & Power. “It allows assets to remain within a Mairs & Power account while addressing short‑term liquidity needs.”
The First American Government Obligations Fund is managed by U.S. Bancorp Asset Management. Shareholders may exchange shares of any Mairs & Power Fund for shares of the money market fund, subject to applicable tax considerations depending on account type. The exchange privilege does not constitute a recommendation by Mairs & Power, Inc. or the Funds.
Shareholders are responsible for purchasing or exchanging shares into the money market option and may contact U.S. Bank Global Fund Services at 800‑304‑7404 for assistance or more information.