Mairs & Power Growth Fund (MPGFX)

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Mairs & Power Growth Fund (MPGFX) is one of the best large blend mutual funds. This mutual fund is popular among investors. It is one of Kiplinger’s best 25 mutual funds, Kip 25.

Mairs & Power Growth Fund (MPGFX) Profile

This 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.

Profile

    Mairs & Power Growth Fund (MPGFX)
  • 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%
Updated on May 2017

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) Performance

You 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 Buy

You 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.

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