In a recent interview with a Twin Cities business magazine, Mairs & Power chairman and CEO Mark Henneman announced plans to retire on Dec. 31, 2026. With plenty of time to manage the transition, the Morningstar Analyst Ratings for Mairs & Power Growth and Mairs & Power Small Cap—including the firm’s Above Average Parent rating—are unaffected.
Morningstar’s Fund Analysis MPGFX
Will MPGFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MPGFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MPGFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MPGFX’s parent organization’s priorities and whether they’re in line with investors’ interests.