Mairs Power Balanced Fund
Fund
MAPOX
Price as of:
$112.02
- $0.30
- 0.27%
Primary Theme
fund company
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.8%
1 yr return
18.8%
3 Yr Avg Return
1.2%
5 Yr Avg Return
6.6%
Net Assets
$779 M
Holdings in Top 10
26.5%
52 WEEK LOW AND HIGH
$112.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MAPOX - Profile
Distributions
- YTD Total Return 11.8%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 6.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.45%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMairs Power Balanced Fund
-
Fund Family NameMairs & Power
-
Inception DateJan 05, 2012
-
Shares Outstanding8558651
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Earley
Fund Description
The Fund invests primarily in U.S. common stock and other securities convertible into common stock as well as fixed income securities such as corporate bonds and U.S. Government securities. The Fund may also invest in securities of foreign issuers which are listed on a U.S. stock exchange or are represented by American Depositary Receipts (ADRs). In selecting equity securities for the Fund, the Fund’s investment adviser, Mairs & Power, Inc. (the Adviser), gives preference to companies that exhibit the potential for above-average growth and durable competitive advantages at reasonable valuations. In the Adviser’s experience, these securities typically have strong returns on invested capital. The Adviser focuses generally on companies located in Minnesota and other states in the Upper Midwest region of the U.S. (which the Adviser considers to be the states of Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wisconsin). The Adviser follows a multi-cap approach and the Fund invests in stocks of small-cap, mid-cap, and large-cap companies. The Adviser gives preference to higher rated investment-grade fixed income securities (rated Baa or better by Moody’s Investors Service or rated BBB or better by Standard & Poor’s). Lower rated convertible and non-convertible debt securities may be purchased if, in the opinion of the Adviser, the potential rewards outweigh the incremental risks. Lower rated debt securities may include debt securities rated below investment-grade (also known as “high yield” or “junk bonds”). The Fund may also invest up to 25% of its total assets in securities of foreign issuers which are listed on a U.S. stock exchange or are represented by ADRs. The Adviser seeks to keep the Fund’s assets reasonably fully invested, to maintain modest portfolio turnover rates and to moderate risk by investing in a diversified portfolio of equity and fixed income securities.The Adviser may sell the Fund’s portfolio securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
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MAPOX - Performance
Return Ranking - Trailing
| Period | MAPOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -2.2% | 80.8% | 47.09% |
| 1 Yr | 18.8% | -2.2% | 90.0% | 33.87% |
| 3 Yr | 1.2%* | -4.9% | 20.0% | 82.91% |
| 5 Yr | 6.6%* | -2.4% | 22.9% | 64.16% |
| 10 Yr | 6.7%* | 1.0% | 13.5% | 38.41% |
* Annualized
Return Ranking - Calendar
| Period | MAPOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.2% | -12.2% | 23.9% | 62.32% |
| 2022 | -20.4% | -34.7% | 2.8% | 70.69% |
| 2021 | 11.1% | -11.9% | 18.1% | 11.23% |
| 2020 | 5.5% | -20.9% | 39.7% | 70.63% |
| 2019 | 14.9% | 0.8% | 25.7% | 39.22% |
Total Return Ranking - Trailing
| Period | MAPOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -2.2% | 80.8% | 47.09% |
| 1 Yr | 18.8% | -2.2% | 90.0% | 33.87% |
| 3 Yr | 1.2%* | -4.9% | 20.0% | 82.91% |
| 5 Yr | 6.6%* | -2.4% | 22.9% | 64.16% |
| 10 Yr | 6.7%* | 1.0% | 13.5% | 38.41% |
* Annualized
Total Return Ranking - Calendar
| Period | MAPOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.4% | -12.2% | 26.8% | 52.90% |
| 2022 | -14.9% | -29.0% | 10.9% | 49.63% |
| 2021 | 12.3% | -3.0% | 27.3% | 58.57% |
| 2020 | 10.4% | -19.5% | 40.6% | 69.84% |
| 2019 | 20.3% | 2.2% | 32.7% | 38.56% |
NAV & Total Return History
MAPOX - Holdings
Concentration Analysis
| MAPOX | Category Low | Category High | MAPOX % Rank | |
|---|---|---|---|---|
| Net Assets | 779 M | 861 K | 235 B | 58.13% |
| Number of Holdings | 266 | 2 | 16015 | 32.61% |
| Net Assets in Top 10 | 208 M | 859 K | 69.8 B | 64.64% |
| Weighting of Top 10 | 26.48% | 10.8% | 122.7% | 80.43% |
Top 10 Holdings
- Microsoft Corp 3.85%
- Alphabet Inc 3.54%
- UnitedHealth Group Inc 3.14%
- Fiserv Inc 2.93%
- JPMorgan Chase Co 2.56%
- Texas Instruments Inc 2.32%
- Ecolab Inc 2.18%
- Graco Inc 2.05%
- Visa Inc 2.00%
- Eli Lilly Co 1.93%
Asset Allocation
| Weighting | Return Low | Return High | MAPOX % Rank | |
|---|---|---|---|---|
| Stocks | 64.26% | 0.00% | 100.16% | 62.03% |
| Bonds | 33.37% | 0.00% | 74.58% | 24.78% |
| Preferred Stocks | 1.76% | 0.00% | 23.91% | 4.78% |
| Cash | 0.61% | -7.92% | 100.00% | 65.22% |
| Convertible Bonds | 0.21% | 0.00% | 23.84% | 81.75% |
| Other | 0.00% | -42.55% | 113.97% | 49.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MAPOX % Rank | |
|---|---|---|---|---|
| Healthcare | 24.52% | 0.00% | 29.35% | 0.88% |
| Technology | 17.77% | 0.00% | 44.21% | 61.49% |
| Industrials | 17.40% | 0.00% | 24.37% | 2.64% |
| Financial Services | 14.48% | 0.00% | 38.77% | 51.54% |
| Communication Services | 8.09% | 0.00% | 38.10% | 34.70% |
| Consumer Defense | 8.04% | 0.00% | 15.14% | 21.96% |
| Basic Materials | 6.51% | 0.00% | 25.57% | 6.44% |
| Consumer Cyclical | 2.00% | 0.00% | 19.36% | 97.22% |
| Utilities | 1.19% | 0.00% | 99.55% | 86.09% |
| Real Estate | 0.00% | 0.00% | 65.01% | 95.61% |
| Energy | 0.00% | 0.00% | 85.65% | 94.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MAPOX % Rank | |
|---|---|---|---|---|
| US | 64.26% | 0.00% | 100.16% | 56.09% |
| Non US | 0.00% | 0.00% | 39.06% | 33.62% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MAPOX % Rank | |
|---|---|---|---|---|
| Corporate | 80.13% | 0.00% | 98.21% | 4.82% |
| Government | 5.68% | 0.00% | 97.26% | 90.95% |
| Securitized | 4.74% | 0.00% | 92.13% | 81.02% |
| Municipal | 4.65% | 0.00% | 24.80% | 3.21% |
| Cash & Equivalents | 0.25% | 0.00% | 99.92% | 68.99% |
| Derivative | 0.00% | -2.87% | 42.43% | 34.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MAPOX % Rank | |
|---|---|---|---|---|
| US | 33.37% | 0.00% | 74.58% | 24.06% |
| Non US | 0.00% | 0.00% | 15.37% | 20.87% |
MAPOX - Expenses
Operational Fees
| MAPOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | 17.63% | 76.95% |
| Management Fee | 0.60% | 0.00% | 1.83% | 71.37% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | 0.38% |
Sales Fees
| MAPOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MAPOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
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.
| MAPOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 13.00% | 0.83% | 343.00% | 13.47% |
MAPOX - Distributions
Dividend Yield Analysis
| MAPOX | Category Low | Category High | MAPOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.92% | 0.00% | 17.90% | 19.42% |
Dividend Distribution Analysis
| MAPOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| MAPOX | Category Low | Category High | MAPOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.45% | -2.34% | 13.92% | 32.89% |
Capital Gain Distribution Analysis
| MAPOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.537 | OrdinaryDividend |
| Mar 28, 2024 | $0.546 | OrdinaryDividend |
| Dec 15, 2023 | $0.578 | OrdinaryDividend |
| Dec 15, 2023 | $1.632 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.489 | OrdinaryDividend |
| Jun 29, 2023 | $0.490 | OrdinaryDividend |
| Mar 30, 2023 | $0.509 | OrdinaryDividend |
| Dec 15, 2022 | $5.117 | OrdinaryDividend |
| Sep 29, 2022 | $0.464 | OrdinaryDividend |
| Jun 29, 2022 | $0.454 | OrdinaryDividend |
| Mar 30, 2022 | $0.440 | OrdinaryDividend |
| Sep 29, 2021 | $0.410 | OrdinaryDividend |
| Jun 29, 2021 | $0.410 | OrdinaryDividend |
| Mar 30, 2021 | $0.420 | OrdinaryDividend |
| Dec 15, 2020 | $3.116 | OrdinaryDividend |
| Sep 29, 2020 | $0.460 | OrdinaryDividend |
| Jun 29, 2020 | $0.480 | OrdinaryDividend |
| Mar 30, 2020 | $0.540 | OrdinaryDividend |
| Dec 27, 2019 | $0.551 | OrdinaryDividend |
| Dec 27, 2019 | $0.014 | CapitalGainShortTerm |
| Dec 27, 2019 | $2.432 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.540 | OrdinaryDividend |
| Jun 27, 2019 | $0.510 | OrdinaryDividend |
| Mar 28, 2019 | $0.520 | OrdinaryDividend |
| Dec 27, 2018 | $0.600 | OrdinaryDividend |
| Dec 27, 2018 | $2.505 | CapitalGainLongTerm |
| Sep 27, 2018 | $0.510 | OrdinaryDividend |
| Jun 28, 2018 | $0.480 | OrdinaryDividend |
| Mar 28, 2018 | $0.500 | OrdinaryDividend |
| Dec 27, 2017 | $0.549 | OrdinaryDividend |
| Dec 27, 2017 | $1.507 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.500 | OrdinaryDividend |
| Jun 29, 2017 | $0.490 | OrdinaryDividend |
| Mar 30, 2017 | $0.530 | OrdinaryDividend |
| Dec 28, 2016 | $0.502 | OrdinaryDividend |
| Dec 28, 2016 | $1.082 | CapitalGainLongTerm |
| Sep 29, 2016 | $0.490 | OrdinaryDividend |
| Jun 29, 2016 | $0.480 | OrdinaryDividend |
| Mar 30, 2016 | $0.520 | OrdinaryDividend |
| Dec 30, 2015 | $0.542 | OrdinaryDividend |
| Dec 30, 2015 | $1.304 | CapitalGainLongTerm |
| Sep 29, 2015 | $0.550 | OrdinaryDividend |
| Jun 29, 2015 | $0.540 | OrdinaryDividend |
| Mar 30, 2015 | $0.500 | OrdinaryDividend |
| Dec 30, 2014 | $0.535 | OrdinaryDividend |
| Dec 30, 2014 | $0.003 | CapitalGainShortTerm |
| Dec 30, 2014 | $0.085 | CapitalGainLongTerm |
| Sep 29, 2014 | $0.500 | OrdinaryDividend |
| Jun 27, 2014 | $0.510 | OrdinaryDividend |
| Mar 28, 2014 | $0.450 | OrdinaryDividend |
| Dec 30, 2013 | $0.526 | OrdinaryDividend |
| Dec 30, 2013 | $0.000 | CapitalGainShortTerm |
| Dec 30, 2013 | $0.104 | CapitalGainLongTerm |
| Sep 27, 2013 | $0.450 | OrdinaryDividend |
| Jun 27, 2013 | $0.450 | OrdinaryDividend |
| Jun 27, 2013 | $0.002 | CapitalGainLongTerm |
| Mar 27, 2013 | $0.350 | OrdinaryDividend |
| Dec 28, 2012 | $0.564 | OrdinaryDividend |
| Dec 28, 2012 | $0.003 | CapitalGainShortTerm |
| Dec 28, 2012 | $0.089 | CapitalGainLongTerm |
| Sep 27, 2012 | $0.450 | OrdinaryDividend |
| Jun 28, 2012 | $0.450 | OrdinaryDividend |
| Mar 29, 2012 | $0.450 | OrdinaryDividend |
MAPOX - Fund Manager Analysis
Managers
Kevin Earley
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Kevin V. Earley joined Mairs & Power, Inc. in 2013 as Vice President, Equity Analyst and Investment Manager. Effective January 1, 2015, Mr. Earley was named co-manager of the Mairs & Power Balanced Fund. Mr. Earley began his investment career as an equity research analyst with FAF Advisors, later becoming a portfolio manager. In recent years, Mr. Earley had co-managed two mutual funds at Nuveen Asset Management. Mr. Earley earned a BS in Finance from Santa Clara University and then earned his MBA with a concentration in finance from the University of Minnesota, Carlson School of Management. Mr.Earley is a CFA charterholder and is a member of the CFA Institute and CFA Society of Minnesota, as well as a Chartered Investment Counselor.
Robert Thompson
Start Date
Tenure
Tenure Rank
Apr 01, 2018
4.17
4.2%
Robert W. Thompson, Vice President and Fixed Income Portfolio Manager of Mairs & Power, Inc. He was Vice President, Corporate Bonds at Advantus Capital Management from 2003 to 2016. Robert (Bob) W. Thompson joined the Adviser in 2016 and has served as Director of Fixed Income since July 1, 2019. He previously served as Vice President and Fixed Income Portfolio Manager since fall of 2016. He previously served as Assistant Vice President since joining the Adviser. Mr. Thompson has served as Co-Manager of the Balanced Fund since April 1, 2018. Prior to joining the Adviser, Mr. Thompson was Vice President, Corporate Bonds at Advantus Capital Management (now Securian Asset Management), in St. Paul, MN from 2003 to 2016 and before that he worked for Lutheran Brotherhood (now Thrivent Financial). Mr. Thompson earned a Bachelor of Accountancy from the University of North Dakota and a MBA in Finance from the University of Minnesota, Carlson School of Management. Mr. Thompson is a CFA charterholder and a Certified Public Accountant (inactive).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.37 | 2.41 |