MPGFX: Mairs & Power Growth Inv

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MPGFX Mairs & Power Growth Inv

  • Fund
  • MPGFX
  • Price as of: Dec 06, 2019
  • $133.24
    + $1.15 + 0.87%

Profile

MPGFX - Profile

Vitals

  • YTD Return 25.2%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $4.61 B
  • Holdings in Top 10 39.5%

52 WEEK LOW AND HIGH

$133.24
$103.37
$133.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.25%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 25.2%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Mairs & Power Growth Fund
  • Fund Family Name
    Mairs & Power
  • Inception Date
    Nov 07, 1958
  • Shares Outstanding
    34737831
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark L. Henneman

Fund Description

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.


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Categories

Performance

MPGFX - Performance

Return Ranking - Trailing

Period MPGFX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -0.2% 38.7% 46.76%
1 Yr 10.4% -58.3% 27.7% 58.60%
3 Yr 3.2%* -31.8% 58.7% 71.25%
5 Yr 2.4%* -26.7% 29.7% 59.61%
10 Yr N/A* -8.9% 14.4% 4.47%

* Annualized

Return Ranking - Calendar

Period MPGFX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.1% -67.0% 10.0% 38.23%
2017 6.4% -32.8% 302.5% 83.96%
2016 9.0% -26.1% 19.7% 26.45%
2015 -10.1% -82.5% 7.8% 77.75%
2014 4.6% -28.7% 24.1% 54.69%

Total Return Ranking - Trailing

Period MPGFX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -0.2% 38.7% 47.02%
1 Yr 19.6% -58.3% 27.7% 18.84%
3 Yr 11.2%* -21.7% 58.7% 41.26%
5 Yr 9.5%* -17.6% 29.7% 22.34%
10 Yr N/A* -4.1% 17.5% 7.06%

* Annualized

Total Return Ranking - Calendar

Period MPGFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.3% -67.0% 10.0% 10.73%
2017 16.5% -22.1% 302.5% 70.24%
2016 15.3% -16.4% 23.8% 5.79%
2015 -3.1% -26.4% 106.5% 63.22%
2014 8.1% -24.8% 25.9% 71.36%

NAV & Total Return History


Holdings

MPGFX - Holdings

Concentration Analysis

MPGFX Category Low Category High MPGFX % Rank
Net Assets 4.61 B 134 K 875 B 20.37%
Number of Holdings 57 2 3613 78.78%
Net Assets in Top 10 1.73 B -123 M 155 B 13.58%
Weighting of Top 10 39.48% 2.2% 1400.6% 16.38%

Top 10 Holdings

  1. Alphabet Inc Class C 5.45%
  2. U.S. Bancorp 5.01%
  3. Medtronic PLC 4.28%
  4. Ecolab Inc 4.23%
  5. 3M Co 3.94%
  6. Microsoft Corp 3.57%
  7. Johnson & Johnson 3.43%
  8. Hormel Foods Corp 3.23%
  9. The Walt Disney Co 3.21%
  10. Donaldson Co Inc 3.12%

Asset Allocation

Weighting Return Low Return High MPGFX % Rank
Stocks
98.47% -1.18% 145.87% 59.08%
Cash
1.54% -45.87% 101.18% 38.71%
Preferred Stocks
0.00% -17.98% 6.21% 76.57%
Other
0.00% -1.51% 16.72% 74.28%
Convertible Bonds
0.00% 0.00% 9.79% 74.62%
Bonds
0.00% -14.46% 11.29% 75.47%

Stock Sector Breakdown

Weighting Return Low Return High MPGFX % Rank
Industrials
25.64% 0.00% 79.24% 0.85%
Healthcare
22.63% 0.00% 92.30% 1.70%
Technology
16.84% 0.00% 118.30% 75.19%
Financial Services
14.69% 0.00% 106.34% 74.26%
Basic Materials
6.32% -3.81% 23.60% 5.52%
Consumer Defense
5.22% 0.00% 71.31% 87.60%
Consumer Cyclical
4.07% 0.00% 74.42% 95.50%
Real Estate
2.08% -3.11% 64.58% 68.99%
Energy
0.98% -1.47% 70.63% 91.16%
Utilities
0.00% -13.41% 21.36% 93.97%
Communication Services
0.00% 0.00% 27.72% 98.81%

Stock Geographic Breakdown

Weighting Return Low Return High MPGFX % Rank
US
95.18% 80.02% 687.00% 61.97%
Non US
3.29% -688.18% 20.06% 35.57%

Expenses

MPGFX - Expenses

Operational Fees

MPGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 119.91% 75.84%
Management Fee 0.56% 0.00% 2.00% 53.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.00% 0.00% 0.85% 0.54%

Sales Fees

MPGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

MPGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 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.

MPGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.25% 0.00% 838.00% 15.18%

Distributions

MPGFX - Distributions

Dividend Yield Analysis

MPGFX Category Low Category High MPGFX % Rank
Dividend Yield 0.00% 0.00% 8.17% 90.83%

Dividend Distribution Analysis

MPGFX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

MPGFX Category Low Category High MPGFX % Rank
Net Income Ratio 1.27% -2.85% 2.89% 38.40%

Capital Gain Distribution Analysis

MPGFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MPGFX - Fund Manager Analysis

Managers

Mark L. Henneman


Start Date

Tenure

Tenure Rank

Jan 01, 2006

13.92

13.9%

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.

Andrew R. Adams


Start Date

Tenure

Tenure Rank

Jan 01, 2015

4.92

4.9%

Andrew R. Adams, co-manager since January 1, 2015, is Chief Investment Officer, Executive Vice President and Director of Mairs and Power, Inc.

Peter J. Johnson


Start Date

Tenure

Tenure Rank

Apr 01, 2019

0.67

0.7%

Peter J. Johnson joined the Mairs & Power, Inc in 2010 and has served as Vice President and Investment Manager since 2014. He previously served as Assistant Vice President and Analyst prior to 2014. Mr. Johnson began his career as an equity analyst with Ulland Investment Advisors in 2003. He also worked as an equity analyst intern for the State of Wisconsin Investment Board in Madison, WI prior to joining the Adviser. Mr. Johnson earned a BA from Carleton College in Northfield, MN and went on to graduate with an MBA from the University of Wisconsin, Madison. Mr. Johnson is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.39 6.03 0.42