Investment objective & strategy
As of April 25, 2025 · prospectusObjective. Mairs & Power Growth Funds (the Growth Fund or the Fund) fundamental objective is to provide shareholders with a diversified portfolio of common stocks, which have the potential for above-average, long-term appreciation.
Strategy. The Fund invests primarily in U.S. common stocks. In selecting securities for the Fund, the Funds 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. In the Advisers experience, these securities typically have strong returns on invested capital. The Adviser follows a multi-cap approach and the Fund invests in stocks of small-cap, mid-cap and large-cap companies. The Adviser focuses generally on companies located in Minnesota and other states in the Upper Midwest region of the U.S. (which the Adviser considers to be the states of Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wisconsin). The Fund may also invest up to 25% of … The Fund invests primarily in U.S. common stocks. In selecting securities for the Fund, the Funds 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. In the Advisers experience, these securities typically have strong returns on invested capital. The Adviser follows a multi-cap approach and the Fund invests in stocks of small-cap, mid-cap and large-cap companies. The Adviser focuses generally on companies located in Minnesota and other states in the Upper Midwest region of the U.S. (which the Adviser considers to be the states of Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wisconsin). The Fund may also invest up to 25% of its total assets in securities of foreign issuers which are listed on a U.S. stock exchange or are represented by American Depositary Receipts (ADRs). The Fund may have significant investments in the information technology sector. The Adviser seeks to keep the Funds assets reasonably fully invested, to maintain modest portfolio turnover rates and to moderate risk by investing in a diversified portfolio of equity securities. The Adviser may sell the Funds portfolio securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $456.54M | 9.10% |
| MICROSOFT CORP | — | $441.85M | 8.81% |
| AMAZON.COM INC | — | $337.98M | 6.74% |
| JPMORGAN CHASE and CO | — | $198.96M | 3.97% |
| APPLE INC | — | $195.53M | 3.90% |
| ALPHABET INC CL C | — | $193.85M | 3.87% |
| GRACO INC | — | $166.42M | 3.32% |
| Roche Holding AG | — | $163.68M | 3.26% |
| LITTELFUSE INC | — | $142.37M | 2.84% |
| WEC ENERGY GROUP INC | — | $140.51M | 2.80% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| THRIVENT LARGE CAP GROWTH FUND · AAAGX, THLCX | 44% | 0.74% |
| LVIP AllianceBernstein Large Cap Growth Fund | 44% | 0.63% |
| Invesco S&P 500 Top 50 ETF · XLG | 44% | 0.20% |
Advisers
| Firm | Role |
|---|---|
| Mairs & Power, Inc. | Adviser |
Footnotes
- Expense ratio as of April 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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