The Mairs & Power Growth Fund Investor Class (MPGFX) is a low-cost, actively managed fund designed to grow investor capital. MPGFX is a classic growth fund that uses fundamental analysis to uncover stocks that have consistently growing earnings and revenues, with minimal turnover. The fund primarily focuses on U.S. stocks located in the Midwest. It can invest in small-, mid- and large-cap equities as well as convertible debt securities rated less than investment grade.
Despite its low costs, MPGFX’s narrow focus makes it a satellite position in a broad equity portfolio. The fund is internally managed by Mairs & Power.
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 2.9% | -92.6% | 20.5% | 64.98% | 4 |
| 1 Yr | -4.3% | -51.7% | 28.0% | 33.70% | 2 |
| 3 Yr | 8.7% * | -23.6% | 16.5% | 26.59% | 2 |
| 5 Yr | 6.2% * | -12.1% | 15.4% | 59.25% | 3 |
| 10 Yr | 12.4% * | 1.4% | 18.8% | 29.63% | 2 |
* Annualized
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2018 | -12.1% | -68.6% | 409.0% | 42.37% | 3 |
| 2017 | 6.4% | -41.8% | 41.6% | 64.43% | 4 |
| 2016 | 9.0% | -51.7% | 186.3% | 21.74% | 2 |
| 2015 | -10.1% | -46.9% | 42.8% | 71.51% | 4 |
| 2014 | 4.6% | -31.3% | 35.7% | 51.10% | 3 |
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 2.9% | -100.0% | 20.5% | 64.76% | 4 |
| 1 Yr | -4.3% | -52.5% | 142.7% | 31.74% | 2 |
| 3 Yr | 8.7% * | -23.6% | 57.6% | 24.42% | 2 |
| 5 Yr | 6.2% * | -12.1% | 15.4% | 56.54% | 3 |
| 10 Yr | 12.4% * | 1.4% | 18.8% | 27.23% | 2 |
* Annualized
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2018 | -12.1% | -68.6% | 409.0% | 43.38% | 3 |
| 2017 | 6.4% | -32.8% | 42.3% | 66.85% | 4 |
| 2016 | 9.8% | -27.9% | 190.6% | 23.43% | 2 |
| 2015 | -3.2% | -40.3% | 1119.1% | 72.45% | 4 |
| 2014 | 9.2% | -37.8% | 115.3% | 76.34% | 4 |
| MPGFX | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 3.94 B | 9.87 K | 726 B | 5.46% | 1 |
| Number of Holdings | 55 | 1 | 3780 | 15.91% | 4 |
| Net Assets in Top 10 | 1.82 B | -639 M | 126 B | 4.10% | 1 |
| Weighting of Top 10 | 39.5% | 2.2% | 375.3% | 11.95% | 2 |
| Weighting | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 98.17% | -9.22% | 192.29% | 10.34% | 3 |
| Cash | 1.84% | -172.04% | 132.07% | 16.05% | 3 |
| Preferred Stocks | 0.00% | 0.00% | 88.99% | 3.53% | 3 |
| Other | 0.00% | -81.75% | 100.00% | 9.00% | 4 |
| Convertible Bonds | 0.00% | 0.00% | 4.63% | 2.59% | 3 |
| Bonds | 0.00% | -94.35% | 169.09% | 7.39% | 3 |
| Weighting | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| Industrials | 28.24% | 0.00% | 38.25% | 0.43% | 1 |
| Healthcare | 23.05% | 0.00% | 33.17% | 0.87% | 1 |
| Financial Services | 13.00% | -5.32% | 48.58% | 23.88% | 4 |
| Technology | 12.34% | -10.25% | 60.26% | 27.27% | 5 |
| Basic Materials | 6.63% | -1.28% | 36.20% | 2.38% | 1 |
| Consumer Defense | 5.93% | 0.00% | 53.09% | 20.63% | 4 |
| Consumer Cyclical | 5.64% | -7.80% | 52.21% | 28.07% | 5 |
| Energy | 1.95% | -3.37% | 100.00% | 24.75% | 5 |
| Real Estate | 1.37% | -0.23% | 17.83% | 14.65% | 4 |
| Utilities | 0.00% | -1.65% | 32.10% | 21.14% | 5 |
| Communication Services | 0.00% | -0.78% | 17.25% | 22.94% | 5 |
| Weighting | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 95.86% | -11.35% | 127.80% | 13.53% | 3 |
| Non US | 2.31% | -1.33% | 93.70% | 17.28% | 3 |
| MPGFX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.00% | 303.36% | 18.18% | 2 |
| Management Fee | 0.55% | 0.00% | 2.25% | 3.80% | 3 |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A | N/A |
| Administrative Fee | 0.00% | 0.00% | 0.85% | 6.70% | 1 |
| MPGFX Fees (% of AUM) | Category Low | Category High | MPGFX Rank | Quintile | |
|---|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A | N/A |
| Deferred Load | N/A | 0.00% | 5.00% | N/A | N/A |
| MPGFX Fees (% of AUM) | Category Low | Category High | MPGFX Rank | Quintile | |
|---|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.15% | 2.00% | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MPGFX Fees (% of AUM) | Category Low | Category High | MPGFX Rank | Quintile | |
|---|---|---|---|---|---|
| Turnover | 8.84% | 0.00% | 1754.00% | 15.67% | 1 |
| MPGFX | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 0.00% | 15.04% | 1.93% | 1 |
| MPGFX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 27, 2018 | $0.943 |
| Jun 28, 2018 | $0.650 |
| Dec 27, 2017 | $0.851 |
| Jun 29, 2017 | $0.810 |
| Dec 28, 2016 | $0.811 |
| Jun 29, 2016 | $0.800 |
| Dec 30, 2015 | $0.820 |
| Jun 29, 2015 | $0.850 |
| Dec 30, 2014 | $0.760 |
| Jun 27, 2014 | $0.770 |
| Dec 30, 2013 | $0.650 |
| Jun 27, 2013 | $0.580 |
| Dec 28, 2012 | $0.690 |
| Jun 28, 2012 | $0.650 |
| MPGFX | Category Low | Category High | MPGFX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 1.30% | -1.94% | 3.95% | 8.95% | 2 |
| MPGFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Lead Manager
Start Date
Jan 01, 2006Tenure
13.01
Tenure Rank
3.0%
Mark L. Henneman, lead portfolio manager since July 1, 2013 and co-manager of the Fund from January 2006 to June 2013, is Chairman and Chief Executive Officer of Mairs & Power Inc. Mr. Henneman joined Advantus Capital Management as a vice president and portfolio manager in July 1998. Prior to joining Advantus, he was a senior equity analyst from September 1995 to June 1998 and quantitative/fundamental analyst from May 1992 to September 1995, with The St. Paul Companies, St. Paul Minnesota. Mr. Henneman holds the Chartered Financial designation.
Manager
Start Date
Jan 01, 2015Tenure
4.0
Tenure Rank
10.5%
Andrew R. Adams, co-manager since January 1, 2015, is Chief Investment Officer, Executive Vice President and Director of Mairs and Power, Inc.
Category Low
0.0
Category High
83.1
Category Average
6.63
Category Mode
4.0
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