Explore the Balanced Fund
- Performance & NAV
- Morningstar Ratings
- Objective & Strategy
- Portfolio Characteristics
- Distribution History
- How to
- Fund Documents
PERFORMANCE & NAV
Average Annualized Returns (%)
|As of 03/31/2020|
|FUND/INDEX||1 YR||5 YR||10 YR||20 YR||SINCE INCEPTION|
|Mairs & Power Balanced Fund2||-6.18||3.66||7.36||6.62||9.25|
|S&P 500 TR Index5||-6.98||6.73||10.53||4.79||-|
|Bloomberg Barclays U.S.Govt/Credit Bond Index6||9.82||3.54||4.15||5.18||-|
Calendar Year Returns (%)
|Mairs & Power Balanced Fund2||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||4.50||12.00||21.60||-6.40||-1.30||16.50|
|As of 06/02/2020: NAV - Daily Closing Price|
|As of 4/30/2020 Prospectus Expense Ratio|
|0.71% annualized as of 12/31/19|
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.
3Composite Index reflects an unmanaged portfolio of 60% of the S&P 500 TR Index and 40% of the Bloomberg Barclays U.S. Government/Credit Bond Index.
4Morningstar US Fund Allocation-50% to 70% Equity Category portfolios seek both capital appreciation and income by typically investing 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 Barclays 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.
Mairs & Power Balanced Fund Has Out-Performed 4 of the Last 5 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 %: 1975-2019
FULL ECONOMIC CYCLES
CURRENT CYCLE (INCOMPLETE)
- Mairs & Power Balanced Fund
- Composite Index3
|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|
|Current||6/30/2009 - 3/31/2020|
|Combined||3/31/1975 - 3/31/2020|
MORNINGSTAR RATINGS & RANKINGS
|As of 3/31/2020 among Moderate Target Risk Funds based on risk-adjusted returns.|
|OVERALL||1 YR||3 YR||5 YR||10 YR||Since Inception|
|Funds in Category||640||-||640||561||413||-|
|Funds in Category||-||686||667||632||522||33|
|As of 3/31/2020:|
|Wtd. Ave. Market|
|Min. Initial IRA|
OBJECTIVE & STRATEGY
To provide capital growth, current income and preservation of capital.
|As of 3/31/2020:|
|Equity Sector Weights||% PORTFOLIO|
|Total Common Stock||61.3|
|TOP 10 HOLDINGS||% PORTFOLIO|
|United Health Group Inc.||2.3|
|Johnson & Johnson||2.3|
|Eli Lilly & Co.||2.1|
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
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|
|REINVEST NAV||DIVIDEND PER SHARE|| SHORT-TERM CAPITAL|
| LONG-TERM CAPITAL|
How to Invest
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
615 East Michigan Street
Milwaukee, WI 53202
|MINIMUM INVESTMENT AMOUNTS|
|New IRA account||$1,000|
|Subsequent IRA investments||$100|
APPLICATIONS / MAINTENANCE
EQUITY SECTOR ALLOCATION
See legend above
EQUITY MARKET CAP ALLOCATION
EQUITY GEOGRAPHIC ALLOCATION
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.
Morningstar US Fund Allocation-50% to 70% Equity Category portfolios seek both capital appreciation and income by typically investing 50% to 70% of assets in equities and the remainder in fixed income and cash.
The Morningstar Rating for funds, or star rating, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receives 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are 100% three-year rating for 36-59 months of total returns, 60% five-year rating, 40% three-year rating for 60-119 months of total returns and 50% 10-year rating, 30% five-year rating, 20% three-year rating for 120 or more months of total returns. While the 10-year overall rating formula seems to give the most weight for the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The Morningstar Rankings represent a fund’s total-return rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.
© 2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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.
Upper Midwest includes Minnesota, Illinois, Iowa, Wisconsin, North Dakota and South Dakota.
Capitalization categories as defined by Mairs & Power: Large Cap - greater than $10 Billion; Mid Cap - $2B to $10B; Small Cap - less than $2B.