Jensen Quality Growth Fund 2023 Estimated Capital Gains Distributions

October 2023
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Important Information:

Jensen Mutual Fund Estimated 2023 Capital Gains Distributions

To assist you with your year-end investment and tax planning strategies, the Jensen Quality Growth Fund (the “Fund”) is providing preliminary estimates of its capital gains distributions.

Using the estimates below. The numbers are only estimates and are subject to change between now and the expected payment dates due to market movements, fund cash flows, ongoing portfolio transactions and other factors. The exact amounts to be paid by the Fund will be available on the Fund’s payable date. The dates shown are subject to change.

Long-Term Capital Gains Distributions

The Fund expects to pay a long-term capital gains distribution to shareholders on December 14, 2023. The estimated record date, estimated ex-dividend date and estimated payable/reinvestment dates are as follows:

Jensen Quality Growth Fund

  • Record Date: December 13, 2023
  • Ex-dividend Date: December 13, 2023
  • Payable/Reinvestment Date: December 14, 2023

Long-Term Capital Gains Distributions by Share Class:

  • Class J – $4.05 per share
  • Class I – $4.05 per share
  • Class R – $4.05 per share
  • Class Y – $4.05 per share

The Fund’s estimated long-term capital gains distributions this year are $4.05/share, compared to $1.19/share paid for 2022.

Short-Term Capital Gains Distributions

The Funds do not expect to pay a short-term capital gains distribution for shareholders in 2023.

It should be noted that the projections listed above were computed based on data as of September 29, 2023, and therefore should be considered estimates only. As estimates, these numbers are subject to change prior to the actual distribution dates.

The Fund does not estimate quarterly dividends of net investment income. Final capital gains distribution figures will be posted to this website on December 14, 2023.

Additional Reminders about Distributions:

  • Distributions may also be subject to state and local income taxes.
  • Selling or exchanging shares just prior to an anticipated distribution and buying them back later may trigger wash sale consequences, depending on the timing of the transactions.
  • A purchase of shares just prior to a dividend or capital gain distribution results in a portion of the purchase price being returned to the investor as a taxable distribution.
  • Corporations, trusts, partnerships and other types of entities that own fund shares may have special tax considerations.

Please remember that this material is only a general discussion of capital gains and federal income tax matters, provided for educational and informational purposes only, and it is not intended as tax or investment advice or for use to avoid penalties that may be imposed under U.S. federal tax laws. Each investor’s tax and investment considerations may be different. If you have additional questions, please call your financial advisor or tax consultant.

The data shown above does not include estimates of payments of dividends from net investment income (which are taxed to individuals as ordinary income).

We thank you for your continued support of the Jensen Quality Growth Fund and invite any questions you may have.

Headshot of Jensen employee Richard Clark

Richard Clark

Director, Business Development 503.726.2045
Headshot of Jensen employee Alex Sorosky

Alexandria Sorosky

Manager, Sales & Client Services 503.726.2462

Please click here for a current Jensen Quality Growth Fund prospectus.

The Jensen Quality Growth Fund is non-diversified, meaning that it may concentrate its assets in fewer individual holdings than a diversified fund, and is therefore more exposed to individual stock volatility than a diversified fund. 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. Mutual fund investing involves risk, and principal loss is possible.

Jensen Quality Growth Fund is distributed by Quasar Distributors, LLC