Mairs & Power Growth Fund’s Q3 2024 Investor Letter

Mairs & Power, an investment advisor, released the “Mairs & Power Growth Fund” third quarter 2024 investor letter. The market enjoyed a favorable environment in the third quarter due to modest economic growth, improving inflation trends, steady profit growth, and decreasing interest rates. The fund continued its positive quarterly returns, with 19.01% year-to-date appreciation, but trailed the 22.08% YTD returns for the S&P 500 Total Return (TR) index. Additionally, the Growth Fund beat its peer group according to the Morningstar Large Blend Category, which is up 18.92% YTD. In addition, please check the fund’s top five holdings to know its best picks in 2024.

 A copy of Mairs & Power Growth Fund’s Q3 2024 investor letter can be downloaded here.