Our Confidence Remains High in This Underperforming Fund
Silver-rated Mairs & Power Growth's conservative, low-turnover, nothing-flashy approach is built for the long run.
Tony Thomas: After a relatively dismal 2017 and early 2018, investors might wonder why Mairs & Power Growth retains its Silver rating. The answer is simple: The managers' conservative view of growth hasn't been in favor lately, but it's the type of strategy that proves itself in the long run.
Not that long ago, this fund was near the top of its class. In 2016, it beat 96% of its large-growth Morningstar category peers. But the story has been quite the opposite since then. Through late-April 2018, the fund trailed 95% of its peers and lagged well behind its S&P 500 benchmark.
Tony Thomas does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.