A company will be sold from the Jensen Value Discipline if:
> It drops from the top one-third of the universe, subject to optimization, as determined by the quarterly process of ranking all qualifying companies
> Its fundamentals deteriorate lowering ROE below 15%, indicating a loss of competitive advantage
There is no assurance that the investment process will lead to successful investing or that the stated objective(s) will be met.
For more complete information about The Jensen Funds 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.
Return on Equity (ROE): Is equal to a company's after-tax earnings (excluding non-recurring items) divided by its average stockholder equity for the year.