Distribution History

We believe that enduring wealth comes from owning great companies for a long time. We invest in companies; we don't trade stocks. As a result of our long-term strategy, turnover in The Jensen Portfolio has been low and capital gains distributions have been infrequent. The table below shows the Fund's total distributions over the last five years. In taxable accounts, low capital gains can increase long-term results and allow investors to benefit from enhanced net returns and accelerated compounded growth.

 

An ordinary income dividend was paid to shareholders on June 17, 2008. The record date, ex-dividend date, and payable/reinvestment date were as follows:

Record Date: June 16, 2008
Ex-dividend Date: June 17, 2008
Payable/Reinvestment Date: June 17, 2008

Ordinary Income Dividend Rate by Share Class:

Class J - $0.06 per share
Class R - $0.04 per share
Class I - $0.07 per share

The closing net asset value (NAV) for each share class on June 17, 2008 was reduced by the amount of the distribution, plus or minus any market activity for the day. As always, please consult your tax advisor for information specific to your particular situation.

 

Performance data quoted represents past performance; past performance does not guarantee future results.  The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.  Current performance of the Fund may be lower or higher than the performance quoted. Standardized performance, 30-day SEC yields and performance data current to the most recent month-end can be obtained by clicking here PERFORMANCE.

The Fund is nondiversified, meaning it concentrates its assets in fewer individual holdings than a diversified fund does.   Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.

The turnover for the Portfolio's trailing 12 months as of May 31, 2008 was 8.25%.

For more complete information about The Jensen Portfolio including investment objectives, risks, fees and expenses, please go to PROSPECTUS, or call 800.992.4144.  Read the prospectus carefully before you invest or send money.