YOU ARE NOW LEAVING

Jensen Mutual Funds

AND ENTERING

QG

Jensen Quality Growth Fund

Performance

The tables shown below illustrate the Fund’s returns and the Fund’s performance from year to year (on a calendar basis). The tables show how the Fund’s average annual returns compare with those for the S&P 500 Index and Russell 1000 Growth Index.

average annual total returns as of November 30, 2017

Year to Date 1 Year 3 Years 5 Years 10 Years 15 Years
Class J 23.21% 24.46% 11.96% 16.04% 8.96% 8.47%
Class I 23.49% 24.78% 12.24% 16.33% 9.26% 8.72%
Class Y 23.55% 24.85% 12.26% 16.34% 9.26% NA
S&P 500 20.49% 22.87% 10.91% 15.74% 8.30% 9.40%
Russell 1000 Growth 29.21% 30.81% 13.10% 17.14% 9.87% 10.11%

average annual total returns as of September 30, 2017

Quarter 1 Year 3 Years 5 Years 10 Years 15 Years
Class J 1.94% 15.68% 12.39% 14.46% 8.27% 8.79%
Class I 2.00% 16.02% 12.68% 14.76% 8.56% 9.04%
Class Y 2.02% 16.06% 12.69% 14.77% 8.56% NA
S&P 500 4.48% 18.61% 10.81% 14.22% 7.44% 10.04%
Russell 1000 Growth 5.90% 21.94% 12.69% 15.26% 9.08% 10.65%

average annual total returns as of December 31, 2016

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Class J 7.29% -28.97% 28.98% 11.77% -1.05% 13.54% 32.33% 11.72% 1.55% 12.01%
Class I 7.53% -28.77% 29.28% 12.12% -0.70% 13.90% 32.63% 11.98% 1.80% 12.29%
Class Y 7.53% -28.77% 29.28% 12.12% -0.70% 13.90% 32.63% 11.98% 1.80% 12.30%
S&P 500 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% 1.38% 11.96%
Russell 1000 Growth 11.81% -38.44% 37.21% 16.71% 2.64% 15.26% 33.48% 13.05% 5.67% 7.08%

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. All returns include the reinvestment of dividends and capital gains.

The performance shown above for the Class I Shares for periods prior to July 30, 2003 (the date first offered) represents the performance for the original share class of the Fund, the Class J Shares. The Class J Shares were first offered on August 3, 1992.  The performance of Class Y shares for periods prior to September 30, 2016 (the date first offered) represents the performance of Class I Shares since July 30, 2003 (the date first offered). Because the performance for each share class is calculated on the fees and expenses of that class, performance of other Fund share classes will differ.