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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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| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.2% | -14.1% | 31.7% | 55.90% |
| 1 Yr | -0.6% | -61.3% | 33.4% | 18.91% |
| 3 Yr | 1.0%* | -31.9% | 21.1% | 66.19% |
| 5 Yr | 1.1%* | -23.5% | 12.0% | 44.66% |
| 10 Yr | N/A* | -6.2% | 19.0% | N/A |
* Annualized
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -12.1% | -67.0% | 16.7% | 33.84% |
| 2017 | 6.4% | -32.8% | 34.8% | 78.15% |
| 2016 | 9.0% | -28.0% | 20.8% | 21.96% |
| 2015 | -10.1% | -46.9% | 5.7% | 73.79% |
| 2014 | 4.6% | -31.3% | 53.8% | 50.82% |
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.2% | -14.1% | 31.7% | 55.90% |
| 1 Yr | 8.2% | -61.3% | 34.2% | 1.62% |
| 3 Yr | 9.2%* | -29.3% | 21.6% | 36.87% |
| 5 Yr | 8.2%* | -19.4% | 13.9% | 21.26% |
| 10 Yr | N/A* | -4.0% | 23.7% | N/A |
* Annualized
| Period | MPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -4.3% | -67.0% | 17.4% | 8.92% |
| 2017 | 16.5% | -22.1% | 34.8% | 59.35% |
| 2016 | 15.3% | -14.7% | 21.8% | 5.31% |
| 2015 | -3.1% | -40.3% | 7.0% | 59.82% |
| 2014 | 8.1% | -24.8% | 56.3% | 60.39% |
| MPGFX | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.47 B | 1.88 M | 804 B | 18.67% |
| Number of Holdings | 57 | 7 | 3615 | 69.88% |
| Net Assets in Top 10 | 1.7 B | -57.2 M | 135 B | 15.76% |
| Weighting of Top 10 | 38.97% | 2.4% | 936.4% | 26.51% |
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| Stocks | 98.66% | -6.79% | 687.17% | 41.97% |
| Cash | 1.34% | -187.97% | 80.44% | 52.71% |
| Preferred Stocks | 0.00% | -0.37% | 6.87% | 81.63% |
| Other | 0.00% | -4.04% | 22.06% | 80.52% |
| Convertible Bonds | 0.00% | 0.00% | 6.54% | 80.52% |
| Bonds | 0.00% | -595.81% | 186.14% | 81.43% |
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| Industrials | 28.38% | 0.00% | 77.42% | 0.91% |
| Healthcare | 23.08% | 0.00% | 47.60% | 0.80% |
| Financial Services | 13.33% | 0.00% | 187.22% | 70.42% |
| Technology | 13.08% | -67.56% | 52.42% | 84.91% |
| Basic Materials | 6.65% | 0.00% | 90.41% | 4.02% |
| Consumer Defense | 5.79% | 0.00% | 64.11% | 72.33% |
| Consumer Cyclical | 4.95% | -0.92% | 33.07% | 89.44% |
| Energy | 1.72% | -1.65% | 306.37% | 84.81% |
| Real Estate | 1.69% | -1.87% | 13.40% | 59.76% |
| Utilities | 0.00% | -1.30% | 19.90% | 95.77% |
| Communication Services | 0.00% | -0.65% | 14.58% | 97.38% |
| Weighting | Return Low | Return High | MPGFX % Rank | |
|---|---|---|---|---|
| US | 95.91% | -6.79% | 223.50% | 39.76% |
| Non US | 2.75% | 0.00% | 463.67% | 51.20% |
| MPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.00% | 153.75% | 77.37% |
| Management Fee | 0.56% | 0.00% | 1.50% | 53.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.00% | 0.00% | 0.85% | 0.56% |
| 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 |
| MPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.15% | 2.00% | 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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.25% | 0.00% | 836.00% | 16.26% |
| MPGFX | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.01% | 0.00% | 0.10% | 63.86% |
| MPGFX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Quarterly |
| 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 | Category Low | Category High | MPGFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.27% | -1.49% | 3.64% | 34.04% |
| MPGFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Manager
Start Date
Tenure
Tenure Rank
Jan 01, 2006
13.33
13.3%
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
Tenure
Tenure Rank
Jan 01, 2015
4.33
4.3%
Andrew R. Adams, co-manager since January 1, 2015, is Chief Investment Officer, Executive Vice President and Director of Mairs and Power, Inc.
Manager
Start Date
Tenure
Tenure Rank
Apr 01, 2019
0.08
0.1%
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
0.0
Category High
83.5
Category Average
6.99
Category Mode
3.62
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
