Seeking the growth potential of high-quality
small & mid-size companies while managing risk

The Papp Small & Mid-Cap Growth Fund is advised by L. Roy Papp & Associates, LLP, a Phoenix, AZ based investment adviser serving high net worth, pension, profit sharing, charitable and corporate clients since 1978.

L. Roy Papp & Associates, LLP first began managing mutual funds in 1989 and has maintained a consistent approach of investing in quality growth stocks since its inception. The firm has managed investment portfolios according to its small and mid-cap growth strategy since 1998.


The core of our investment philosophy is to own high quality small and mid-cap growth stocks for the long term at attractive valuations.  We seek companies with a proven track record of market leadership, innovation, and consistency as well as growth opportunities beyond market expectations.

Papp Small & Mid-Cap Growth Fund is now available on Schwab Mutual Fund OneSource Platform®.




About Us
Investment Team
The Adviser
Papp Small & Mid-Cap Fund
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How to Invest

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L. Roy Papp & Associates, LLP | 2201 E. Camelback Road, Suite 227B, Phoenix, AZ 85016 | P 602.956.0980 | F 602.956.1985
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Mutual fund investing involves risk, including the potential loss of principal.

Small and mid‐sized companies may offer the potential for higher returns, but are also subject to greater short‐term price fluctuations than larger, more established companies. The Fund invests in a limited number of securities and, as a result, the Fund's performance may be more volatile than the performance of other funds, holding more securities. At times, the Fund's investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors.

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available by calling Shareholder Services at 877.370.7277 or from the Literature section of this website. The prospectus should be read carefully before investing.

Distributed by Ultimus Fund Distributors, LLC

The banner image is from a painting by Ed Mell that hangs in the firm's office.