Mairs & Power Small Cap Fund to reopen to new investors

TheShadow

https://www.sec.gov/Archives/edgar/data/1521353/000089418918005249/mpft_497e.htm

497 1 mpft_497e.htm SUPPLEMENTARY MATERIALS

Filed pursuant to Rule 497(e)

Registration Nos. 333-174574; 811-22563

MAIRS & POWER FUNDS TRUST

Mairs & Power Small Cap Fund

(the “Fund”)

Supplement dated September 19, 2018

to the Fund’s Summary Prospectus and Prospectus dated April 30, 2018

This supplement serves as notification of the following change:

Re-Opening of Mairs & Power Small Cap Fund

Effective as of the close of business on September 28, 2018, the Fund will re-open to all investors. Accordingly, all references to the Fund being closed to most new investors are hereby deleted from the Summary Prospectus and Prospectus effective as of the close of business on September 28, 2018.

Please contact the Fund (toll free) at 1-800-304-7404 for further information.

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Please keep this Supplement with your records.

Ted

@MFO Members: For those of you looking for a solid SC fund, I recommend MSCFX from an excellent fund company Mairs & Power.
Regards,
Ted
MSCFX Performance:
http://performance.morningstar.com/fund/performance-return.action?t=MSCFX&region=usa&culture=en_US

Crash

You could do lots worse. I got out a while back when it stopped performing like a market-consuming fireball. Since inception and until last year or so, MSCFX could not be beat. I took the entire holding and put it into MAPOX. It's a very different animal. Both are Mairs and Power, out of St. Paul.