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At a Glance

Mairs & Power
Family of Funds

We offer three mutual funds, the Growth Fund, the Balanced Fund, and the Small-Cap Fund, each managed according to the same focused long-term investing process that has been the hallmark of the firm since 1931. We also actively manage the first ETF, Minnesota Municipal Bond ETF, consisting primarily of Minnesota municipal bonds.

As a shareholder in a Mairs & Power fund, you own shares of a professionally-managed portfolio. We invite you to explore our funds to see which ones are right for you.

 

Select a Fund

GROWTH
FUND

GROWTH FUND

A diversified portfolio of common stocks, which have the potential for above-average, long-term appreciation.

FUND DETAILS

BALANCED
FUND

BALANCED FUND

Portfolio of equities and fixed income that seeks capital growth, current income and preservation of capital.

FUND DETAILS

SMALL CAP
FUND

SMALL CAP FUND

A portfolio of small-cap stocks that seeks above-average, long-term appreciation.

FUND DETAILS

MINNESOTA
MUNICIPAL
BOND ETF

MINNESOTA MUNICIPAL BOND ETF

Actively managed portfolio of MN Muni Bonds that seeks current income exempt from federal and MN state income tax consistent with the preservation of capital.

FUND DETAILS

Average Annualized Returns (%)

As of 09/30/2022
FUND/INDEX 1 YR 5 YR 10 YR 20 YR 25 YR SINCE INCEPTION
Mairs & Power Growth Fund1 -17.258.0210.549.799.1511.07
S&P 500 TR Index2 -15.479.2411.709.847.4510.11
Morningstar Large Blend Category3 -16.067.279.808.366.03-
  
Mairs & Power Balanced Fund1 -14.314.966.957.847.189.23
Composite Index4 -14.985.797.567.426.438.69
Morningstar Category5 -14.723.655.535.984.85-
S&P 500 TR Index2 -15.479.2411.709.847.45-
Bloomberg U.S.Govt/Credit Bond Index6 -14.95-0.051.023.184.11-
  
Mairs & Power Small Cap Fund1 -16.024.249.26--11.71
S&P Small Cap 600 Index7 -18.834.8410.09--11.23
Russell 2000 TR Index8 -23.503.558.55--9.62
Morningstar Small Blend Category9 -19.083.257.86---
  
Mairs & Power Minnesota Municipal Bond ETF (NAV)1 -16.15-----10.54
Mairs & Power Minnesota Municipal Bond (Market Price)1 -16.01-----10.42
Bloomberg Minnesota Municipal TR Index10 -10.38-----6.50

Inception Dates:
Growth Fund 11/7/1958  |  Balanced Fund 11/10/1961  |  Small Cap Fund 8/11/2011  |  Minnesota Municipal Bond ETF 3/12/2021.

Expense ratios annualized as of 12/31/2021 as of the Prospectus dated 4/20/2022: Growth Fund 0.61%  |  Balanced Fund 0.69% |  Small Cap Fund 0.95%

Expense ratio annualized per the current Prospectus: 
Minnesota Municipal Bond ETF 0.39%

 

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Performance for the mutual funds as of the most recent month end is available by calling 800-304-7404. Performance for the ETF as of the most recent month can be found here.

 1Performance information shown includes the reinvestment of dividend and capital gain distributions, but does not reflect the deduction of taxes that a shareholder would pay on Funds' distributions or the redemption of Funds' shares.

How to Invest
Mutual Funds

Existing shareholders: You can add to your current investment or open a new account in any of the Mairs & Power mutual funds by logging in to My Fund Account, calling Shareholder Services at 800-304-7404, or mailing your application and investment to the addresses below.

New investors working with financial advisors:  Your financial advisor can open an account for you on most platforms.

New direct investors: You can open a new account by

  • Going Online 
  • Calling Shareholder Services at 800-304-7404, or
  • Completing the appropriate application and mailing it with your check to: 

For regular mail delivery:

U.S. Bank Global Fund Services

P.O. Box 701

Milwaukee, WI 53201-0701

For express and overnight mail delivery:

U.S. Bank Global Fund Services

3rd Floor

615 East Michigan Street

Milwaukee, WI 53202

MUTUAL FUNDS MINIMUM INVESTMENT AMOUNTS
New account $2,500
Subsequent investments $100
New IRA account $1,000
Subsequent IRA investments $100

MUTUAL FUND QUESTIONS?

We’re here to help you with all your account opening or servicing questions.

Please call 800-304-7404

Exchange Traded Fund | ETF

Talk with your financial planner or brokerage firm to purchase the Mairs & Power Minnesota Municipal Bond ETF. Shares can also be purchased through an online brokerage firm.

ETF QUESTIONS?

Investing questions should be directed to your financial advisor or online brokerage. Learn more about the Minnesota Municipal Bond ETF by calling 855-839-2800 or emailing us at MINN@mairsandpower.com.

IMPORTANT RISKS

All investments have risks. The Funds are designed for long-term investors.

Equity investments are subject to market fluctuations and the Funds share price can fall because of weakness in the broad market, a particular industry or specific holdings. Investments in small and mid-cap companies generally are more volatile. International investing risks include among others political, social or economic instability, difficulty in predicting international trade patterns, taxation, and foreign trading practices and greater fluctuations in price than U.S. corporations.

Mairs & Power Minnesota Municipal Bond ETF has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on every trade.

The ETF may trade at a premium or discount to NAV. Shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are bought and sold at current market prices. The data presented represents past performance and cannot be used to predict future results.

The ETF is also subject to risks associated with investments in the municipal bond market, municipal mortgage backed securities, and other investment companies. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors have a limited track record on which to base their investment decision. There is also a risk that the Fund will not grow to or maintain an economically viable size, in which case it could ultimately liquidate without shareholder approval.

Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

The Small Cap Fund may invest in initial public offerings by small cap companies, which can involve greater risks than investments in companies which are already publicly traded.