Fund Description

The fund primarily invests in U.S. common stocks, emphasizing companies with the potential for above-average growth and durable competitive advantages at reasonable valuations, as determined by its investment adviser, Mairs & Power, Inc. This approach typically favors securities with strong returns on invested capital. Employing a multi-cap strategy, the fund encompasses stocks from small-cap, mid-cap, and large-cap companies, with a focus on firms located in Minnesota and the Upper Midwest states: Illinois, Iowa, North Dakota, South Dakota, and Wisconsin. Additionally, it may invest up to 25% of its total assets in foreign securities listed on U.S. exchanges or represented by American Depositary Receipts.