MPGFX Fees and Costs — Mairs & Power Growth Fund
Data updated: 2026-08-17
The net expense ratio is 0.62%: a 0.55% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $494K in broker commissions, 0.0091% of average net assets, and portfolio turnover was 13%.
MPGFX Fees and Expenses
Annual operating expenses and sales charges of MPGFX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MPGFX Costs Over Time
On $10,000 invested in MPGFX, assuming 5% a year before costs, total costs come to $396 over 5 years, cutting the return by 0.66% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $396 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
MPGFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0091%
- Total broker commissions: $494K
- Bought from dealers (principal trades, not a cost): $7.2M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
MPGFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $374K | 75.73% |
| J.P. MORGAN SECURITIES LLC | $54K | 10.95% |
| MISCHLER FINANCIAL GROUP INC. | $31K | 6.30% |
| MORGAN STANLEY & CO. LLC | $21K | 4.17% |
| UBS SECURITIES LLC | $6K | 1.21% |
| WALL STREET ACCESS | $4K | 0.89% |
| UBS FINANCIAL SERVICES INC. | $4K | 0.75% |
MPGFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $7.2M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.