Resources
Explore the Growth Fund
- Performance & NAV
- Morningstar Ratings
- Fund
Facts - Objective & Strategy
- Portfolio Characteristics
- Distribution History
- How to
Invest - Fund Documents
- Board of Trustees
PERFORMANCE & NAV
Average Annualized Returns (%)
| As of 09/30/2024 |
Inception 11/7/1958
| FUND/INDEX | 1 YR | 5 YR | 10 YR | 20 YR | 25 YR | SINCE INCEPTION | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mairs & Power Growth Fund2 | 35.46 | 14.47 | 11.90 | 10.32 | 10.51 | 11.52 | ||||||||||||||
| S&P 500 TR Index3 | 36.35 | 15.98 | 13.38 | 10.71 | 8.20 | 10.63 | ||||||||||||||
| Morningstar Large Blend Category4 | 32.45 | 13.51 | 11.08 | 9.14 | 6.49 | - | ||||||||||||||
Calendar Year Returns (%)
| FUND/INDEX | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| Mairs & Power Growth Fund2 | 27.70 | -21.07 | 29.27 | 16.67 | 28.39 | -4.34 | 16.52 | 15.38 | -3.07 | 8.12 | 35.64 | 21.91 | 0.74 | 17.40 | 22.52 | -28.51 | 4.90 | 10.24 | 4.40 | 17.99 |
| S&P 500 TR Index3 | 26.29 | -18.11 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 | 32.39 | 16.00 | 2.11 | 15.06 | 26.46 | -37.00 | 5.49 | 15.80 | 4.90 | 10.88 |
| As of 10/14/2024: NAV - Daily Closing Price | ||||||||||||||||||||
| Growth Fund | MPGFX | $177.60 | ||||||||||||||||||
| As of 4/30/2024 Prospectus Expense Ratio |
| 0.64% annualized as of 12/31/23 |
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
3S&P 500 TR Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market.
4Morningstar large-blend portfolio are fairly representative of the overall U.S. stock marketing in size, growth rates, and price. Stocks in the to 70% of the capitalization of the U.S equity market are defined as large-cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of U.S. industries, and owing to their broad exposure, the portfolios’ returns are often similar to those of the S&P 500 Index.
It is not possible to invest directly in an index.
Mairs & Power Growth Fund Has Out-Performed 4 of the Last 6 Full Economic Cycles
When Mairs & Power talks about the advantages of holding through a “full economic market cycle,” we are referring to the business cycle fluctuation between contraction and expansion, also called recession and recovery. Investors who enjoy growth opportunities during times of expansion must consider and prepare for times when the economy inevitably contracts. Mairs & Power’s portfolios are designed with the intent to help preserve capital over full cycles.
The periods in this chart are called “trough to trough.” The beginning point of each period marks the start of a recovery following a recession. During the period, a “peak” is reached and then another contraction begins. The end of the period marks the low point prior to the next recovery starting, and is also referred to as a “trough.”
A recessionary period is a period of significant decline in widespread economic activity spread lasting more than a few months, normally visible in real GDP (Gross Domestic Product), real income, employment, industrial production and wholesale-retail sales.
Source: Public Information Office National Bureau of Economic Research, Inc
PERFORMANCE OVER ECONOMIC CYCLES, ANNUALIZED TOTAL RETURNS %: 1975-2022
FULL ECONOMIC CYCLES
CURRENT CYCLE (INCOMPLETE)
COMBINED PERIOD
FUND/INDEXES
- Mairs & Power Growth Fund
- S&P 500 TR Index3
- Lipper Multi-Cap Core Funds Index11
| PERIOD | DATE RANGE |
| Per. 1 | 3/31/1975 - 7/31/1980 |
| Per. 2 | 7/31/1980 - 11/30/1982 |
| Per. 3 | 11/30/1982 - 3/29/1991 |
| Per. 4 | 3/29/1991 - 11/30/2001 |
| Per. 5 | 11/30/2001 - 6/30/2009 |
| Per. 6 | 6/30/2009 - 4/30/2020 |
| Current | 4/30/2020 - 6/30/2024 |
| Combined | 3/31/1975 - 6/30/2024 |
The information shown is only for the time periods indicated. Performance for other periods may differ, possibly significantly.
MORNINGSTAR RATINGS & RANKINGS
ANALYST RATING
| As of 6/30/2024 among Large Blend Funds based on risk-adjusted Returns. |
|---|
| OVERALL | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception | |
| Star Rating |  | - | | | | - |
| Funds in Category | 1289 | - | 1289 | 1189 | 886 | |
| Percentile Rank | - | 52 | 50 | 50 | 59 | 1 |
| Funds in Category | - | 1426 | 1323 | 1239 | 1058 | 69 |
FUND FACTS
| As of 6/30/2024: | |
| Ticker | MPGFX |
| Inception Date | 11/1/1958 |
| Style | Large Blend |
| Holdings | 47 |
| Annualized Turnover5 | 13.45 |
| Expense Ratio | 0.64% |
| Active Share6 | 73.33% |
| Sharpe Ratio7 | 0.48 |
| Net Asset Value8 | $167.49 |
| Wtd. Ave. Market Cap9 | $984B |
| 30-Day SEC Yield10 | 0.92% |
| Total Net Assets | $5.6B |
| Sales Charge1 | None |
| Min. Initial Investment | $2,500 |
| Min. Initial IRA Investment | $1,000 |
| Subsequent Investment | $100 |
| Income Distributions | Semi-annual |
| Capital Gains Distributions | Annual |
OBJECTIVE & STRATEGY
To provide a diversified portfolio of common stocks, which have the potential for above-average, long-term appreciation.
PORTFOLIO CHARACTERISTICS
| As of 6/30/2024: |
| SECTOR WEIGHTS | % PORTFOLIO | |
| Information Technology | 31.5 | |
| Financials | 15.1 | |
| Health Care | 14.8 | |
| Industrials | 13.8 | |
| Consumer Discretionary | 7.5 | |
| Communication Services | 7.3 | |
| Materials | 4.4 | |
| Consumer Staples | 2.8 | |
| Utilities | 2.6 | |
| 0.0 | ||
| 0.0 | ||
| Total | 99.8 |
| TOP 10 HOLDINGS | % PORTFOLIO |
| Microsoft Corp. | 10.6 |
| NVIDIA Corp. | 7.8 |
| Amazon.com, Inc. | 5.8 |
| UnitedHealth Group, Inc. | 4.9 |
| JPMorgan Chase & Co. | 4.6 |
| Alphabet, Inc. | 4.5 |
| Apple, Inc. | 3.6 |
| QUALCOMM, Inc. | 2.9 |
| Graco, Inc. | 2.9 |
| Toro Company | 2.9 |
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 | 90.0% | |
| Mid Cap | 9.0% | |
| Small Cap | 1.0% |
Geographic Allocation
| Minnesota | 30.0% | |
| Upper Midwest | 13.0% | |
| Other | 57.0% |
Asset Allocation
| Common Stock | 99.8% | |
| Cash | 0.2% |
DISTRIBUTION HISTORY
The Mairs & Power Growth Fund declares and pays dividend income semi-annually, in June 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 |
| 6/26/2024 | 6/27/2024 | $167.90 | $0.74 | - | - |
| 12/14/2023 | 12/15/2023 | $145.13 | $0.67 | - | $2.22 |
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:
U.S. Bank Global Fund Services
P.O. Box 701
Milwaukee, WI 53201-0701
For express and overnight mail delivery:
U.S. Bank Global Fund Services
3rd Floor
615 East Michigan Street
Milwaukee, WI 53202
| 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.