Directors & Officers
The directors and officers of The Jensen Portfolio are listed below, together with information about their principal business occupations during at least the last five years:
Independent Directors
Name: Roger A. Cooke, J.D.
Position(s) held with the Fund: Independent Director
Term of office and length of time served**: Indefinite term; since June 1999.
Principal occupation during the past five years: Vice President - Regulatory and Legal Affairs of Precision Castparts Corp., an investment casting and forging company, (2000-Present); Executive Vice President - Regulatory and Legal Affairs of Fred Meyer, Inc., a retail grocery and general merchandise company, (1992-2000).
Name: Robert E. Harold, (Retired C.P.A.)
Position(s) held with the Fund: Independent Director
Term of office and length of time served**: Indefinite term; since September 2000
Principal occupation during the past five years: Senior Director of Financial Planning of Nike, Inc. a footwear and apparel company (2001-2002); Global Brand Controller for Nike, Inc. (1996, 1997, 2000-2001); Interim Chief Financial Officer for Nike, Inc. (1998-1999); Interim Chief Executive Officer of Laika, Inc. (formerly Will Vinton Studios), an animation studio (March 2005 - October 2005).
Name: Thomas L. Thomsen, Jr.
Position(s) held with the Fund: Independent Director
Term of office and length of time served**: Indefinite term; Served since December 2003
Principal occupation during the past five years: Private rancher and real estate investor (2002-Present);
Chief Executive Officer (2000-2002) and President (1998-2002) of Columbia Management Company (now called Columbia Management Advisors, Inc.), investment adviser to the Columbia Funds family of mutual funds and to institutional and individual investors.
Name: Kenneth Thrasher
Position(s) held with the Fund: Independent Director
Term of office and length of time served**: Indefinite term; since July 2007
Principal occupation during the past five years: Chairman and CEO of Compli, a web-based automotive dealership software solution company (2002-present).
Name: Louis B. Perry, Ph.D.***
Position(s) held with the Fund: Director Emeritus
Term of office and length of time served**: Indefinite term; Served since inception (at times as Independent Director).
Principal occupation during the past five years: Retired.
Interested Directors
Name: Val E. Jensen*
Position(s) held with the Fund: Director and Chairman
Term of office and length of time served**: Indefinite term; Served as Director since inception; Served as President from inception to March 2002; Served as Chairman since March 2002.
Principal occupation during the past five years: Chairman and Director of Jensen Investment Management, Inc., (1988-2004).
Name: Gary W. Hibler, Ph.D.*
Position(s) held with the Fund: Director
Term of office and length of time served**: Indefinite term; Served as Director since inception; Served as Secretary from inception to March 2002; Served as Treasurer from December 2002 to March 2004; Served as President from March 2002 until February 2007.
Principal occupation during the past five years: President and Director of Jensen Investment Management Inc. (1999-2007); Secretary and Director of Jensen Investment Management Inc (1994-1999).
Officers of the Fund
Name: Robert McIver**
Position(s) held with the Fund: President
Term of office and length of time served*: 1-year term; served since February,2007
Principal occupation during the past five years: President and director (February 2007-present);Director of Operations (2004-February, 2007) of Jensen Investment Management, Inc.; General Manager of Fairmont Villa Management and Vice President of Fairmont Riverside Golf Estates, Ltd (2001-2004); Chief Investment Officer, Schroder & Co. Trust Bank (1999-2001); Portfolio Manager, Schroder Investment Management (1989-1999).
Name: Robert F. Zagunis**
Position(s) held with the Fund: Vice President and Secretary
Term of office and length of time served*: 1-year term; served since inception.
Principal occupation during the past five years: Vice President and Director (1993-present and Secretary (1999-present); of Jensen Investment Management, Inc.
Name: Brian S. Ferrie**
Position(s) held with the Fund: Treasurer and Chief Compliance Officer
Term of office and length of time served*: 1-year term; served since March 2004.
Principal occupation during the past five years: Director of Finance and Chief Compliance Officer (2003-February, 2007) and Vice President , Treasurer and Chief Compliance Officer (February, 2007-present) for Jensen Investment Management, Inc.; Vice President and CFO of Berger Financial Group LLC (2001-2003); Vice President and Chief Compliance Officer of Berger Financial Group LLC (1994-2001).
Name: Robert G. Millen**
Position(s) held with the Fund: Vice President and Secretary
Term of office and length of time served*: 1-year term; served as Vice President from July 2001 to March 2002 and since June 2005; Served as Secretary since March 2002.
Principal occupation during the past five years: Chairman and Director (Februrary, 2007-present) and Vice President and Director (2000-February, 2007) of Jensen Investment Management, Inc.; Vice President of Principal Financial Group, an insurance company (1997-2000).
* Each director serves for an indefinite term in accordance with the Bylaws of the Fund until the date a director resigns, retires or is removed in accordance with the bylaws of the Fund.
**This individual is an "interested person" of the Fund within the meaning of the 1940 Act. Mr. Jensen is an interested person because Mr. Jensen was a control person and director of the Fund's Investment Adviser and through March, 2008 received from the Investment Adviser annual installment payments of the purchase price for the sale of his shares of the Investment Adviser to the Investment Adviser upon his retirement in March 2004. Dr. Hibler is an interested person because he was a control person as Director and President of the Fund's Investment Adviser, and through at least 2011 will receive annual installment payments of the purchase price for the sale of his shares of the Investment Adviser to the Investment Adviser upon his retirement in February, 2007.
***Dr. Perry is a director emeritus of the Fund and receives no fees. A director emeritus may participate in meetings of the Fund's Board of Directors but may not vote on any matter.
