Mairs & Power Small Cap Fund Celebrates its 3-Year Anniversary

ST. PAUL, Minn., Sept. 9, 2014 /PRNewswire/ -- Mairs and Power, an independent, employee owned investment advisory firm, is pleased to announce that the Mairs & Power Small Cap Fund marked its third anniversary on August 11, 2014 with solid performance in its category. As a result of its performance and achieving the three year mark it has earned a five star rating from Morningstar, as of August 31, 2014, for the overall and 3-year periods among 608 small blend funds, based on the Morningstar Risk Adjusted Return. Since its inception, the Fund has achieved an annualized return of 28.33%. It outperformed its benchmark, the S&P SmallCap 600 Index by 6.26%, which produced an annualized return of 22.07% over the three year period, ending August 31, 2014.

Morningstar, an independent investment research firm, currently follows 608 mutual funds in its Small Blend Category. Among these 608 funds, Morningstar has reported that the Mairs & Power Small Cap Fund is the number one performing fund as of August 31, 2014; in addition to earning the five star rating.

"We were excited to see how the Fund would stack up to its peers on its 3-year anniversary", said Andy Adams, portfolio manager for the Mairs & Power Small Cap Fund.  "On our anniversary we were pleasantly surprised to see just how well it had done. Of course we're focused on outperforming over an entire market cycle (both ups and downs), but the first three years for this fund have been a great start."  Adams credits the Mairs & Power disciplined investment style that has produced solid results for more than 80 years. The investment process utilizes a bottom-up approach, focusing on companies with strong competitive positions and high returns on invested capital. In addition, some emphasis is given to stocks based in the Upper Midwest.

As of June 30, 2014, the Mairs & Power Small Cap Fund (MSCFX) held $140 million in assets.

About Mairs and Power

Established in 1931, Mairs and Power is an independent, employee owned investment advisory firm with a commitment to pursuing long-term growth. Our mutual funds and individually managed accounts are built on the strength and success of carefully selected, quality growth stocks. For more information, please visit our website www.mairsandpower.com.

The Mairs & Power Small Cap Fund's performance average annual total returns as of 6/30/2014 were 2.30% (for the quarter), 28.15% (for the year) and 30.26% (since inception).  This compares to the S&P SmallCap 600 Index, which was 2.07% (for the quarter), 25.54% (for the year) and 24.11% (since inception) as of 6/30/2014. The Fund's Expense Ratio is 1.18%. Inception of the Small Cap Fund was 8/11/2011.

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 Fund may be lower or higher than the performance quoted. For most recent month-end performance figures, visit www.mairsandpower.com or call Shareholder Services at (800) 304-7404.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing.  The summary prospectuses or full prospectus contain this and other important information about the Funds, and they may be obtained by calling Shareholder Services at (800) 304-7404, or by visiting www.mairsandpower.com.  Read the summary prospectuses or full prospectus carefully before investing.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating^TM metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of the funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating^TM for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating^TM metrics. As of 8/31/2014 the Small Cap Fund overall Morningstar Rating of 5 stars and 5 stars for the overall and 3-year periods among 608 and 608 small blend funds, respectively based on Morningstar Risk Adjusted Return. Past performance is no guarantee of future results.

The S&P SmallCap 600 Index is an index of small-company stocks managed by Standard and Poor's that covers a broad range of small cap stocks in the United States. The index is weighted according to market capitalization and covers about 3-4% of the total market for equities in the United States. One cannot invest directly in an index.

All investments have risks.  The Fund is designed for long-term investors.  The Fund's share prices can fall because of weakness in the broad market, a particular industry, or specific holdings.  Investments in small and midcap companies generally are more volatile.

ALPS Distributors, Inc. is the Distributor for the Mairs & Power Funds.

Web: http://www.mairsandpower.com/

MNP000407 9/10/2015

SOURCE Mairs and Power