Mairs & Power Growth Fund (MPGFX) ProfileThis Mairs & Power Growth Fund objective is to provide shareholders with a diversified portfolio of common stocks, which have the potential for above-average, long-term appreciation. This mutual fund invests mainly in US stock companies. I may also invest in securities of foreign issuers which are listed on a United States stock exchange or are represented by American Depositary Receipts.
The fund invests in high quality companies, which are characterized by earnings that are reasonably predictable, have a return on equity that is above average, hold market dominance and have financial strength.
- Fund Inception Date: November 6, 1958
- Ticker Symbol: MPGFX
- CUSIP: 560636102
- Fund Manager: Mark L. Henneman and Andrew R. Adams
- Net Assets: $4.6 Billion
- Beta (3yr): 0.94
- Category: Large Blend
- Yield: 1.28%
- Expense Fee: 0.66%
- Min to Invest: $2,500
- Capital Gains: N/A
- Number of Years Up: 45 years
- Number of Years Down: 13 years
- Turnover rate: 11%
This Mairs & Power Growth Fund is a no sales load fund, and there is no 12b1 fee. The FMILX fund has a low annual expense ratio of 0.66% and the average annual expense ratio for the large-blend category is 1.01%. The current yield is 1.28%. This fund has been managed by Mark L. Henneman and Andrew R. Adams.
Mairs & Power Growth Fund (MPGFX) PerformanceYou can find the Mairs & Power Growth Fund (MPGFX) performance for the past years:
- Year 2017: 6.21% (YTD)
- Year 2016: 15.38%
- Year 2015: -3.07%
- Year 2014: 8.12%
- Year 2013: 35.64%
How to BuyYou can start investing in this fund with as little as $2,500. Several brokerages where you can buy include Raymond James, Schwab, TD Ameritrade, Morgan Stanley, Fidelity Investment, etc.
Note: This Mairs & Power Growth Fund (MPGFX) is part of Kiplinger's Best Mutual Funds, Kip 25.