Resources
Explore the Balanced Fund
- Performance & NAV
- Fund
Facts - Objective & Strategy
- Portfolio Characteristics
- Distribution History
- How to
Invest - Fund Documents
- Board of Trustees
PERFORMANCE & NAV
Average Annualized Returns (%)
| As of 03/31/2026 |
Inception 1/10/1961
| FUND/INDEX | 1 YR | 5 YR | 10 YR | 20 YR | 25 YR | SINCE INCEPTION | ||||||||||||||
| Mairs & Power Balanced Fund2 | 4.68 | 4.54 | 7.31 | 7.03 | 7.18 | 9.25 | ||||||||||||||
| Composite Index3 | 12.14 | 7.38 | 9.30 | 7.89 | 7.26 | 9.05 | ||||||||||||||
| Morningstar Category4 | 11.93 | 5.84 | 7.59 | 5.97 | 5.42 | - | ||||||||||||||
| S&P 500 TR Index5 | 17.80 | 12.06 | 14.16 | 10.53 | 9.18 | - | ||||||||||||||
| Bloomberg U.S.Govt/Credit Bond Index6 | 3.86 | 0.24 | 1.79 | 3.35 | 3.72 | - | ||||||||||||||
Calendar Year Returns (%)
| FUND/INDEX | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
| Mairs & Power Balanced Fund2 | 6.61 | 9.60 | 13.39 | -14.91 | 18.30 | 10.44 | 20.32 | -2.80 | 11.90 | 11.42 | -2.54 | 8.04 | 19.02 | 17.34 | 3.23 | 14.87 | 21.35 | -21.12 | 4.28 | 12.10 |
| Composite Index3 | 13.52 | 15.01 | 17.76 | -16.00 | 15.76 | 15.30 | 22.64 | -2.52 | 14.41 | 8.48 | 1.13 | 10.63 | 17.40 | 11.58 | 5.05 | 15.06 | 12.17 | -21.91 | 6.20 | 10.99 |
| As of 05/13/2026: NAV - Daily Closing Price | ||||||||||||||||||||
| Balanced Fund | MAPOX | $115.89 | ||||||||||||||||||
| As of 4/30/2026 Prospectus Expense Ratio | ||||||||||||||||||||
| 0.72% annualized as of 12/31/25 | ||||||||||||||||||||
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
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. Performance as of the most recent month end is available by calling 800-304-7404.
2Performance shown includes the reinvestment of dividend and capital gain distributions, but does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Index Definitions
3Composite Index reflects an unmanaged portfolio of 60% of the S&P 500 TR Index and 40% of the Bloomberg U.S. Government/Credit Bond Index.
4Morningstar Moderate Allocation Category portfolios seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. These portfolios tend to hold larger positions in stocks than conservative-allocation portfolios. These portfolios typically have 50% to 70% of assets in equities and the remainder in fixed income and cash.
5S&P 500 TR Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market.
6Bloomberg U.S. Government/Credit Bond Index is a broad-based flagship benchmark that measures the non-securitized component of the U.S. Aggregate Index. It includes investment-grade, U.S. dollar-denominated, fixed-rate treasuries, government-related and corporate securities.
It is not possible to invest directly in an index.
FUND FACTS
| As of 3/31/2026: | |
| Ticker | MAPOX |
| Inception Date | 1/10/1961 |
| Style | Balanced |
| Annualized Turnover7 | 12.80% |
| Expense Ratio | 0.72% |
| Equity Holdings | 47 |
| Active Share8 | 78.08% |
| Sharpe Ratio9 | 0.36 |
| Net/ Asset Value10 | $110.40 |
| Wtd. Ave. Market Cap11 | $450B |
| Fixed Income Holdings | 203 |
| 30-Day SEC Yield12 | 2.33% |
| Effective Maturity (Years) | 7.91 |
| Effective Duration13 | 5.65 |
| Total Net Assets | $637M |
| Sales Charge1 | None |
| Min. Initial Investment | $2,500 |
| Min. Initial IRA Investment | $1,000 |
| Subsequent Investment | $100 |
| Income Distribution | Quarterly |
| Capital Gains Distributions | Annual |
OBJECTIVE & STRATEGY
To provide capital growth, current income and preservation of capital.
PORTFOLIO CHARACTERISTICS
| As of 3/31/2026: |
| Equity Sector Weights | % PORTFOLIO | |
| Industrials | 11.4 | |
| Information Technology | 11.0 | |
| Health Care | 9.7 | |
| Financials | 9.3 | |
| Materials | 4.9 | |
| Utilities | 4.1 | |
| Communication Services | 3.4 | |
| Consumer Staples | 3.3 | |
| Consumer Discretionary | 3.1 | |
| 0.0 | ||
| 0.0 | ||
| Total Common Stock | 60.2 |
| TOP 10 HOLDINGS | % PORTFOLIO |
| Microsoft Corp. | 3.2 |
| Alphabet, Inc. | 2.8 |
| Texas Instruments, Inc. | 2.5 |
| Ecolab, Inc. | 2.5 |
| Amazon.com, Inc. | 2.4 |
| Visa, Inc. | 2.3 |
| Xcel Energy, Inc. | 2.2 |
| Motorola Solutions, Inc. | 2.0 |
| Abbott Laboratories | 2.0 |
| Fastenal Co. | 1.9 |
Holdings in the portfolio are subject to change without notice and may or may not represent current or future portfolio composition. The mention of specific securities is not intended as a recommendation or an offer of a particular security nor is it intended to be a solicitation for the purchase or sale of any security.
Sector Allocation
See Legend Above.
Market Cap Allocation
| Large Cap | 82.0% | |
| Mid Cap | 16.0% | |
| Small Cap | 2.0% |
Geographic Allocation
| Minnesota | 33.0% | |
| Upper Midwest | 16.0% | |
| Other | 51.0% |
Asset Allocation
| Common Stock | 60.0% | |
| Corporate Bonds | 34.0% | |
| U.S. Government Obligations | 3.0% | |
| Municipal Bonds | 2.0% | |
| 0.0% | ||
| Cash | 1.0% |
DISTRIBUTION HISTORY
The Mairs & Power Balanced Fund declares and pays dividend income quarterly, in March, June, September and December. If any capital gains are realized during the year, the Fund will distribute the net gains in December toward the end of the month.
| RECORD DATE | EX-DIVIDEND PAYABLE/REINVEST DATE | REINVEST NAV | DIVIDEND PER SHARE | SHORT-TERM CAPITAL GAINS | LONG-TERM CAPITAL GAINS |
| 12/12/2025 | 12/15/2025 | $113.18 | $0.63 | - | $0.91 |
| 3/27/2026 | 3/30/2026 | $109.26 | $0.64 | - | - |
| 6/26/2026 | 6/29/2026 | - | - | - | - |
| 9/28/2026 | 9/29/2026 | - | - | - | - |
How to Invest
Mutual Funds
Existing shareholders: You can add to your current investment or open a new account in any of the Mairs & Power mutual funds by logging in to My Fund Account, calling Shareholder Services at 800-304-7404, or mailing your application and investment to the addresses below.
New investors working with financial advisors: Your financial advisor can open an account for you on most platforms.
New direct investors: You can open a new account by
For regular mail delivery:
Mairs & Power Funds
c/o U.S. Bank Global Fund Services
P.O. Box 219337
Kansas City, MO 64121-9337
For express and overnight mail delivery:
Mairs & Power Funds
c/o U.S. Bank Global Fund Services
3rd Floor
801 Pennsylvania Ave Suite 219337
Kansas City, MO 64105-1307
| MUTUAL FUNDS MINIMUM INVESTMENT AMOUNTS | |
|---|---|
| New account | $2,500 |
| Subsequent investments | $100 |
| New IRA account | $1,000 |
| Subsequent IRA investments | $100 |
MUTUAL FUND QUESTIONS?
We’re here to help you with all your account opening or servicing questions.
Please call 800-304-7404
Exchange Traded Fund | ETF
Talk with your financial planner or brokerage firm to purchase the Mairs & Power Minnesota Municipal Bond ETF. Shares can also be purchased through an online brokerage firm.
ETF QUESTIONS?
Investing questions should be directed to your financial advisor or online brokerage. Learn more about the Minnesota Municipal Bond ETF by calling 855-839-2800 or emailing us at MINN@mairsandpower.com.
BOARD OF TRUSTEES
The Board has structured itself in a manner that it believes allows it to effectively perform its oversight function.
The Board of Trustees is composed of six Independent Trustees and one Trustee who is an “interested person” of the Trust (the “Interested Trustee”).
Dr. Michael D. Akers
Mr. Gary A. Drska
Vincent P. Lyles
Erik K. Olstein
Lisa Zúñiga Ramírez
Gregory M. Wesley
Accordingly, 85% of the members of the Board are Independent Trustees, Trustees who are not affiliated with the Adviser or its affiliates, or any other investment adviser or other service provider to the Trust or any underlying fund. The Board of Trustees has established three standing committees, an Audit Committee, a Nominating Committee and a Valuation Committee. Each of the Audit Committee and the Nominating Committee is comprised entirely of Independent Trustees. The Independent Trustees have engaged their own independent counsel to advise them on matters relating to their responsibilities in connection with the Trust. More information is available in the Statement of Additional Information (SAI).
IMPORTANT RISKS
All investments have risks. The Fund is designed for long-term investors. Equity investments are subject to market fluctuations and the Fund’s share price can fall because of weakness in the broad market, a particular industry or specific holdings. Investments in small and mid-cap companies generally are more volatile. International investing risks include among others political, social or economic instability, difficulty in predicting international trade patterns, taxation, and foreign trading practices and greater fluctuations in price than U.S. corporations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.
1No load/Sales charge: You pay no sales charge for the purchase or sale of Fund shares and no 12b-1 marketing fees. You will, however, incur expenses for investment advisory, management and administrative services, which are included in annual fund operating expenses.
7Turnover ratio: The turnover ratio or turnover rate is the percentage of a mutual fund or other portfolio’s holdings that have been replaced in a given year (calendar year or whatever 12-month period represents the fund’s fiscal year).
8Active share: a measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index. Typically, managers with high Active Share outperform their benchmark indexes and Active Share tends to predict fund performance.
9Sharpe ratio: A measure that indicates the average return minus the risk-free return divided by the standard deviation of return on an investment.
10Net Asset Value (NAV) Per Share.
11Weighted average market capitalization is determined by multiplying the current market price by the number of outstanding shares and then taking an average to determine weighting.
1230-day SEC yield reflects the dividends and interest earned during the period after the deduction of the Fund's expenses. It may help investors estimate income, expressed as a percentage.
13Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.
Capitalization categories as defined by Mairs & Power: Large Cap >$22.7B; Mid Cap $8B to $22.7B; Small Cap <$8B.