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Holdings Update: Sell General Mills (GIS)

The Jensen Investment Team Sells the Quality Growth Strategy's Remaining Position in General Mills

March 2022

As part of our disciplined investment process, we continually seek to improve the quality of our holdings. This involves liquidating companies when better investment opportunities arise. Such is the case with General Mills (GIS). Even though it competes in the relatively slow-growth packaged foods industry, we believe GIS is a strong company with well-known brands, strong market positions, meaningful economies of scale versus its smaller competitors, and a sound strategy designed to drive sales growth and profitability over time.

Despite these positives, we decided to sell the company’s stock and invest the proceeds in Moody’s Corporation (MCO), a higher-quality company in our opinion. Please read our Holdings Update on Moody’s to learn more about this purchase.

Strategy holdings are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the Strategy’s current holdings, please click here.

The discussion of the specific security identified in this article is solely intended to illustrate the application of our investment approach. Our views expressed herein are subject to change and should not be construed as investment advice and are not designed or intended as a basis or determination for making any investment decision for any security. This information is current as of the date of this material and is subject to change at any time, based on the market and other conditions. Past performance is no guarantee of future results.

Jensen Investment Management, Inc. is an investment adviser registered under the Investment Advisers Act of 1940. Registration with the SEC does not imply any level of skill or training.

© 2022 Jensen Investment Management.

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