Quality Growth Fund Update: Q4 2023

January 2024
Headshot of Jensen, Managing Director Allen Bond
Allen T. Bond, CFA
Managing Director, Head of Research & Portfolio Manager
Headshot of Jensen employee Kevin Walkush
Kevin Walkush
Portfolio Manager & Head of ESG

Click here for a current Fund prospectus.

The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.

Mutual fund investing involves risk. Principal loss is possible. The prices of growth stocks may be sensitive to changes in current or expected earnings, may experience larger price swings and may be out of favor with investors at different periods of time.

Click here for Jensen Quality Growth Fund performance, including the 5-year upside/downside capture. 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. All returns include the reinvestment of dividends and capital gains. To obtain updated performance information that is current as of the most recent month end, please call 1-800-992-4144 or visit www.jenseninvestment.com.

Morningstar data

© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Jensen Quality Growth Fund is rated among US Large Blend funds. The Overall Morningstar Rating is derived from a weighted average of the fund’s 3-, 5-, and 10-year risk adjusted return measure, if applicable. As of December 31, 2023, the I & J share classes received an Overall Morningstar Rating of 4 stars against 1,323 funds, and were rated 3 stars against 1,323 funds in the last 3 years, 3 stars against 1,244 funds in the last 5 years, and 5 stars against 1,079 funds in the last 10 years. As of December 31, 2023, the Y share class received an Overall Morningstar Rating of 3 stars against 1,323 funds, and was rated 3 stars against 1,323 funds in the last 3 years, 3 stars against 1,244 funds in the last 5 years, and 5 stars against 1,079 funds in the last 10 years. As of December 31, 2023, the R share class received an Overall Morningstar Rating of 3 stars against 1,323 funds, and was rated 3 stars against 1,323 funds in the last 3 years, 2 stars against 1,244 funds in the last 5 years, and 4 stars against 1,079 funds in the last 10 years. All periods above based on risk-adjusted returns.

The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Rating is for the share class only; other classes may have different performance characteristics.

The Jensen Quality Growth Fund is distributed by Quasar Distributors, LLC.