Mairs & Power Balanced Fund Investor Class
MAPOX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- W1520 First National Bank Building ST. Paul MN United States of America 55101-1363
- IPO Date
- May 3, 1973
- CIK
- 0001521353
- Website
- mairsandpower.com
- Similar Companies
- Business
- Mairs & Power Balanced Fund Investor Class (MAPOX) is an open-end mutual fund managed by Mairs & Power, Inc., that seeks capital growth, current income, and preservation of capital through a balanced portfolio typically allocated 60% to equities and 40% to fixed income securities; it invests primarily in common stocks of established companies with strong competitive advantages, particularly those headquartered in Minnesota and the Upper Midwest, alongside corporate bonds, asset-backed securities, municipal bonds, U.S. government obligations, and cash equivalents. The fund's equity holdings emphasize large-cap blend style across sectors including information technology (11.3%), industrials (10.8%), health care (10.8%), and financials (10.1%), with top positions in Microsoft Corp., Alphabet Inc., and Ecolab Inc.; fixed income features an effective duration of 5.82 years and 30-day SEC yield of 2.12% as of September 30, 2025. Launched on January 10, 1961, the fund is part of Mairs & Power, Inc.'s offerings, an SEC-registered investment adviser founded in 1931 and headquartered in St. Paul, Minnesota, which also manages the Mairs & Power Growth Fund, Small Cap Fund, Minnesota Municipal Bond ETF, individually managed accounts, and a venture capital arm. The fund maintains low turnover at 10.89%, an expense ratio of 0.71%, and total net assets of $705 million as of September 30, 2025, with no sales loads and minimum initial investments of $2,500 ($1,000 for IRAs). It serves individual investors, financial advisors, and institutional clients such as pension funds and foundations, primarily in the U.S. with a geographic equity bias toward the Upper Midwest (51% combined Minnesota and regional exposure). In recent developments, Mairs & Power, Inc. underwent a CEO transition in 2024, with Robert W. Mairs succeeding Mark L. Henneman, who retired after overseeing assets growth to nearly $12 billion, the launch of the firm's first ETF (Minnesota Municipal Bond ETF, ticker: MINN), and expansion into private equity via Mairs & Power Venture Capital in 2022. The firm appointed Pete Slattery as Head of Distribution in October 2025 to enhance intermediary relationships and announced a Small Cap Fund co-manager retirement in January 2025, alongside changing its primary benchmark to the Russell 2000. Portfolio adjustments in Q3 2025 included adding Amazon.com Inc. to the Balanced Fund, reflecting ongoing active management amid market concentration in AI-driven mega-caps.