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MPGFX Mairs & Power Growth Inv

  • Fund
  • MPGFX
  • Price as of: May 23, 2019
  • $118.40 - $1.36 - 1.14%
  • Category
  • Large Cap Blend Equities

MPGFX - Profile

Vitals

  • YTD Return 11.2%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $4.47 B
  • Holdings in Top 10 39.0%

52 WEEK LOW AND HIGH

$118.40
$103.37
$131.89

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

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 8.2%
  • 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 36065148
  • 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.

MPGFX - Performance

Return Ranking - Trailing

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


Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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


Total Return Ranking - Calendar

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%

NAV & Total Return History

MPGFX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Alphabet Inc Class C 4.95%

  2. Ecolab Inc 4.54%

  3. US Bancorp 4.45%

  4. 3M Co 4.41%

  5. Johnson & Johnson 3.79%

  6. Medtronic PLC 3.69%

  7. Hormel Foods Corp 3.51%

  8. Donaldson Co Inc 3.35%

  9. The Walt Disney Co 3.16%

  10. Bio-Techne Corp 3.12%


Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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%

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 0.15% 2.00% N/A

Turnover 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% 836.00% 16.26%

MPGFX - Distributions

Dividend Yield Analysis

MPGFX Category Low Category High MPGFX % Rank
Dividend Yield 0.01% 0.00% 0.10% 63.86%

Dividend Distribution Analysis

MPGFX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

MPGFX Category Low Category High MPGFX % Rank
Net Income Ratio 1.27% -1.49% 3.64% 34.04%

Capital Gain Distribution Analysis

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

MPGFX - Managers

Mark L. Henneman

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.


Andrew R. Adams

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.


Peter J. Johnson

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