We are pleased to provide the latest in a series of reports on quality growth investing. In this issue, we explore the growth trend of passively managed funds and urge investors to look beneath the hood when selecting a strategy.


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 individualstock volatility than a diversified fund. Mutual Fund investing involves risk.Principal loss is possible.

There is no assurance that the investment process will lead to successful investing or that the stated objective(s) will be met.

For more complete information about the Jensen Quality Growth Fund including investment objectives, risks, fees and expenses, please go to prospectus, or call 800.992.4144. Read the prospectus carefully before you invest or send money.

Active Share: a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.

Distributed by Quasar Distributors, LLC.

Contact Us

Jensen Investment Management
5300 Meadows Road, Ste. 250
Lake Oswego, OR 97035




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