Conference Call Replay
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Margin of Safety: is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. In other words, when the market price of a security is significantly below your estimation of its intrinsic value, the difference is the margin of safety.
Upside/Downside Capture Ratios: A measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Ratios are calculated monthly; for the non-month end dates, calculations were made using the closest month end.
Compared to the S&P 500, the I Shares upside capture ratio is 92.59% and downside capture ratio is 80.65%. Compared to the S&P 500, the J Shares upside capture ratio is 91.85% and downside capture ratio is 81.20%. The ratios quoted are from 10/1/2007 thru 7/31/2019.
For a listing of the current upside and downside capture ratios, please click here.
SHOW PREVIOUS Conference Call Replay
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Margin of Safety: is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. In other words, when the market price of a security is significantly below your estimation of its intrinsic value, the difference is the margin of safety.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Margin of Safety: is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. In other words, when the market price of a security is significantly below your estimation of its intrinsic value, the difference is the margin of safety.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Capital Expenditures (CAPEX): Are funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice. Earnings Growth is not a measure of the Fund’s future performance. Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here. Standard & Poor’s Earnings and Dividend Quality Rankings S&P analyzes about 4,000 stocks traded on the NYSE, AMEX and Nasdaq exchanges. Based upon each firm’s per-share earnings and dividend records, S&P recalculates “core earnings” by backing out certain items (extraordinary items, discontinued operations, impairment charges, etc.). Figures are also adjusted for changes in rates of earning and dividend growth, stability over a long term trend and cyclicality. S&P then divides stocks into a quality category matrix, rating each stock from A+ to D, basing ratings upon each individual company’s growth and stability of earnings and dividends. High Quality is considered to be a rating of A- and higher. Low Quality is considered to be a rating of B+ and lower. Information is as of 3/31/2018. © 2018 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice. Earnings Growth is not a measure of the Fund’s future performance. Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here. Investment Grade: is a rating that indicates that a municipal or corporate bond has a relatively low risk of default. Spread: This is the gap between bid and ask prices of a stock or other security. Yield Curve: A curve that shows the relationship between yields and maturity dates for a set of similar bonds at a given point in time. Standard & Poor’s Earnings and Dividend Quality Rankings S&P analyzes about 4,000 stocks traded on the NYSE, AMEX and Nasdaq exchanges. Based upon each firm’s per-share earnings and dividend records, S&P recalculates “core earnings” by backing out certain items (extraordinary items, discontinued operations, impairment charges, etc.). Figures are also adjusted for changes in rates of earning and dividend growth, stability over a long term trend and cyclicality. S&P then divides stocks into a quality category matrix, rating each stock from A+ to D, basing ratings upon each individual company’s growth and stability of earnings and dividends. High Quality is considered to be a rating of A- and higher. Low Quality is considered to be a rating of B+ and lower. Information is as of 12/31/2017. © 2018 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Margin of Safety: is a principle of investing in which an investor purchase securities when the market price is below its intrinsic value. In other words, when market price is below your estimation of the intrinsic value, the difference is the margin of safety.
SG&A: Selling, General & Administrative Expense.
Standard & Poor’s Earnings and Dividend Quality Rankings
S&P analyzes about 4,000 stocks traded on the NYSE, AMEX and Nasdaq exchanges. Based upon each firm’s per-share earnings and dividend records, S&P recalculates “core earnings” by backing out certain items (extraordinary items, discontinued operations, impairment charges, etc.). Figures are also adjusted for changes in rates of earning and dividend growth, stability over a long term trend and cyclicality. S&P then divides stocks into a quality category matrix, rating each stock from A+ to D, basing ratings upon each individual company’s growth and stability of earnings and dividends.
High Quality is considered to be a rating of A- and higher. Low Quality is considered to be a rating of B+ and lower. Information is as of 9/30/2017.
© 2017 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice. Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here. SG&A: Selling, General & Administrative Expense. Standard & Poor’s Earnings and Dividend Quality Rankings S&P analyzes about 4,000 stocks traded on the NYSE, AMEX and Nasdaq exchanges. Based upon each firm’s per-share earnings and dividend records, S&P recalculates “core earnings” by backing out certain items (extraordinary items, discontinued operations, impairment charges, etc.). Figures are also adjusted for changes in rates of earning and dividend growth, stability over a long term trend and cyclicality. S&P then divides stocks into a quality category matrix, rating each stock from A+ to D, basing ratings upon each individual company’s growth and stability of earnings and dividends. High Quality is considered to be a rating of A- and higher. Low Quality is considered to be a rating of B+ and lower. Information is as of 6/30/2017. Sustainability Score as of 6/30/2017. Sustainability Rating as of 5/31/2017. The Morningstar Sustainability Score is based on company-level analysis from Sustainalytics. Out of 561 US Fund Large Growth funds as of 6/30/2017. Based on 95.80% of AUM. © 2017 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
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Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and the 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. View the most recent month- and quarter-end performance for the Jensen Quality Growth Fund. View the most recent month- and quarter-end performance for the Jensen Quality Value Fund. Diversification does not assure a profit or protect against a loss in a declining market.