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QV

Jensen Quality Value Fund

Performance

The table below shows the Fund’s total return since its inception compared with that for the Russell 2500 Index.

Starting January 1, 2017 the Russell 2500 Total Return Index replaced the Russell 3000 Value Total Return Index as the Fund’s primary benchmark. The Adviser believes that the new index is more appropriate given the Fund’s holdings.

Russell 2500 Index: The Russell 2500 is a market cap weighted index that includes the smallest 2,500 companies covered in the Russell 3000 universe of United States-based listed equities.

 

average annual total returns as of November 30, 2018

YTD 1 Year 3 Years 5 Years Since Inception 3/31/10
Class J 0.89% 2.58% 9.17% 6.31% 9.40%
Class I 1.08% 2.76% 9.36% 6.49% 9.58%
Russell 2500 1.07% 1.41% 10.02% 8.16% 11.81%

average annual total returns as of September 30, 2018

Quarter 1 Year 3 Years 5 Years Since Inception 3/31/10
Class J 4.23% 11.96% 11.78% 8.78% 10.00%
Class I 4.29% 12.30% 11.97% 8.97% 10.18%
Russell 2500 4.70% 16.19% 16.13% 11.37% 13.23%

average annual total returns as of December 31, 2017

2011 2012 2013 2014 2015 2016 2017
Class J 2.20% 7.66% 43.96% 9.54% -9.38% 15.80% 15.08%
Class I 2.37% 7.69% 44.32% 9.64% -9.25% 16.01% 15.28%
Russell 2500 -2.51% 17.88% 36.80% 7.07% -2.90% 17.59% 16.81%

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.