2/24/2023 0 Comments Powerup fund![]() ![]() These investment risks are explained in the Mutual Funds Prospectus and ETF Prospectus. Investing in the Funds is subject to investment risks, including, but not limited to, possible loss of the principal amount invested. Foreside Fund Services, LLC does not distribute the individually managed accounts. Foreside Fund Services, LLC is not affiliated with Mairs & Power, Inc. Morningstar data is the property of Morningstar, Inc., which is not affiliated with Mairs & Power, Inc.įoreside Fund Services, LLC is the Distributor for the Mairs & Power Funds. ![]() You may also obtain a Fund Prospectus by calling Shareholder Services at 80.ĭiversification does not eliminate the risk of experiencing investment loss. You should read the Prospectus carefully before you invest. See each individual Fund for more information. The Funds are not available for sale to investors residing outside of the United States. The Mairs & Power Balanced, Growth, and Small Cap Mutual Funds are offered by Prospectus only. These investment risks are explained in the Prospectus. Investing in the Funds is subject to investment risks, including, but not limited to, possible loss of the principal amount invested. Investing involves risk, including potential loss of principal. Please reach out if you have questions about the estimated capital gain and dividend distributions and click here to learn more about our new operational tool. It also has the possibility of reducing trading costs and decreasing capital gain distributions over time. This approach reduces cash drag on the portfolio, which means Fund managers can keep assets even more fully invested and spend more time focusing on strategic investment decisions. Rather, we will be utilizing an operational efficiency tool. What are we doing about it? First, we plan to stick to our DNA, and will not change either our investment philosophy or our strategy. However, when it comes time to trim those holdings, whose valuation has successfully grown over time, it produces capital gains. That has resulted in consistently good returns from underlying securities whose valuations have grown through the years. So, why are they elevated? It’s in the DNA of how we invest: concentrated and fully invested portfolios with low turnover designed for the long term. While our Funds have long-term records of tax efficiency and rank among the most tax efficient mutual funds, according to Morningstar, our capital gain amounts have been elevated the last couple years. We believe our long-term investment focus is the best way to make money for our clients. Note About 2022 Capital Gains & Operational Tool to Benefit Shareholders Payable/Ex-Dividend/Reinvestment Date: December 15, 2022 Actual distribution may vary from these figures. The numbers are estimates only and are subject to change. To assist you with your year-end investment and tax planning strategies, the Mairs & Power Funds are providing preliminary estimates of capital gain and dividend distributions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |