Expense Ratio: 0.72%
Mairs & Power Growth, a quaint fund with an excellent long-term record, is the newest member of the Kiplinger 25, the annual list of our favorite no-load funds, taking the place of BBH Core Select, which closed to new investors late in 2012.
Managers William Frels and Mark Henneman look for well-managed companies -- of all sizes -- with growing businesses that are trading at attractive prices. What makes this St. Paul-based firm distinctive is its local flavor. Two-thirds of its assets are in Minnesota-based firms such as its three biggest holdings: 3M, U.S. Bancorp, and Ecolab Inc.
See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.
Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.
And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.