Mairs & Power Growth Inv
- MPGFX
- Price as of: Nov 25, 2020
-
$143.51
N/A N/A
- Primary Theme
- U.S. Large-Cap Blend Equity
- Fund Company
- Mairs & Power
- Share Class
MPGFX - Snapshot
Vitals
- YTD Return 12.4%
- 3 Yr Annualized Return 8.9%
- 5 Yr Annualized Return 10.4%
- Net Assets $4.29 B
- Holdings in Top 10 41.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.65%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 10.77%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Large-Cap Blend Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Blend
MPGFX - Profile
Distributions
- YTD Total Return 12.4%
- 3 Yr Annualized Total Return 8.9%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.28%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameMairs & Power Growth Fund
-
Fund Family NameMairs & Power
-
Inception DateNov 07, 1958
-
Shares Outstanding33677842
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark Henneman
Fund Description
The fund invests primarily in U.S. common stocks. In selecting 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. 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).
MPGFX - Performance
Return Ranking - Trailing
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.4% | -70.4% | 2183.1% | 40.50% |
| 1 Yr | 7.6% | -21.4% | 36.7% | 49.36% |
| 3 Yr | 8.9%* | -18.8% | 14.0% | 44.29% |
| 5 Yr | 10.4%* | -6.8% | 15.3% | 43.81% |
| 10 Yr | 12.2%* | -1.0% | 16.4% | 36.05% |
* Annualized
Return Ranking - Calendar
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 19.5% | -22.7% | 41.1% | 69.31% |
| 2018 | -12.1% | -100.0% | 1.4% | 42.46% |
| 2017 | 6.4% | -100.0% | 33.2% | 85.81% |
| 2016 | 9.0% | -44.8% | 25.0% | 29.26% |
| 2015 | -10.1% | -51.1% | 20.5% | 80.45% |
Total Return Ranking - Trailing
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.4% | -70.4% | 2183.1% | 40.50% |
| 1 Yr | 7.6% | -21.4% | 36.7% | 43.40% |
| 3 Yr | 8.9%* | -18.8% | 14.0% | 41.13% |
| 5 Yr | 10.4%* | -6.8% | 15.3% | 40.78% |
| 10 Yr | 12.2%* | -1.0% | 16.4% | 33.27% |
* Annualized
Total Return Ranking - Calendar
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 19.5% | -21.6% | 41.1% | 69.31% |
| 2018 | -4.3% | -100.0% | 1.4% | 10.73% |
| 2017 | 16.5% | -100.0% | 33.2% | 70.60% |
| 2016 | 15.3% | -16.4% | 26.8% | 5.98% |
| 2015 | -3.1% | -26.4% | 106.5% | 63.93% |
NAV & Total Return History
MPGFX - Holdings
Concentration Analysis
| MPGFX | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.29 B | 153 K | 921 B | 20.92% |
| Number of Holdings | 55 | 1 | 3591 | 76.21% |
| Net Assets in Top 10 | 1.84 B | -95.2 M | 210 B | 17.52% |
| Weighting of Top 10 | 41.87% | 2.3% | 100.0% | 17.14% |
Top 10 Holdings
- Microsoft Corp 6.81%
- Alphabet Inc Class C 6.11%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
- NVIDIA Corp 4.14%
Asset Allocation
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.37% | 0.00% | 148.88% | 40.09% |
| Cash | 0.63% | -110.24% | 100.00% | 54.85% |
| Preferred Stocks | 0.00% | 0.00% | 14.67% | 71.63% |
| Other | 0.00% | -7.86% | 100.00% | 71.43% |
| Convertible Bonds | 0.00% | 0.00% | 27.81% | 70.35% |
| Bonds | 0.00% | 0.00% | 85.20% | 72.51% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| Healthcare | 21.78% | 0.00% | 53.39% | 4.02% |
| Technology | 21.29% | 0.00% | 52.52% | 67.53% |
| Industrials | 19.05% | 0.00% | 29.63% | 3.75% |
| Financial Services | 12.91% | 0.00% | 44.52% | 45.09% |
| Communication Services | 10.01% | 0.00% | 34.05% | 56.28% |
| Basic Materials | 6.53% | 0.00% | 34.89% | 7.16% |
| Consumer Defense | 4.31% | 0.00% | 46.61% | 92.70% |
| Real Estate | 2.37% | 0.00% | 18.16% | 59.41% |
| Consumer Cyclical | 1.50% | 0.00% | 53.63% | 99.18% |
| Utilities | 0.24% | 0.00% | 18.14% | 83.22% |
| Energy | 0.00% | 0.00% | 13.74% | 95.50% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| US | 95.14% | 0.00% | 147.48% | 60.98% |
| Non US | 4.23% | 0.00% | 62.26% | 30.86% |
MPGFX - Expenses
Operational Fees
| MPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.01% | 20.53% | 66.52% |
| Management Fee | 0.56% | 0.00% | 2.00% | 56.47% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.95% | 0.52% |
Sales Fees
| MPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 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 | 0.25% | 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 | 10.77% | 0.00% | 451.00% | 21.21% |
MPGFX - Distributions
Dividend Yield Analysis
| MPGFX | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 17.65% | 74.06% |
Dividend Distribution Analysis
| MPGFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| MPGFX | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.28% | -3.04% | 3.34% | 47.21% |
Capital Gain Distribution Analysis
| MPGFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jun 28, 2018 | $0.650 |
| Jun 29, 2017 | $0.810 |
| Jun 29, 2016 | $0.800 |
| Jun 29, 2015 | $0.850 |
| Jun 27, 2013 | $0.580 |
| Jun 28, 2012 | $0.650 |
MPGFX - Fund Manager Analysis
Managers
Mark Henneman
Start Date
Tenure
Tenure Rank
Jan 01, 2006
14.84
14.8%
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 Adams
Start Date
Tenure
Tenure Rank
Jan 01, 2015
5.84
5.8%
Andrew R. Adams, co-manager since January 1, 2015, is Chief Investment Officer, Executive Vice President and Director of Mairs and Power, Inc.
Peter Johnson
Start Date
Tenure
Tenure Rank
Apr 01, 2019
1.59
1.6%
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 | 41.86 | 6.27 | 0.67 |