Fund Manager: Robert Millen
Fund Currently Managed
Jensen Portfolio (JENSX), co-manager since July, 2000.
Investment Style Overview
Oversees concentrated (up to 25-stock) portfolio of large companies that consistently grow earnings and sales, as well as generate strong returns on equity and cash flow. Looks to buy shares trading at discount to the estimated value of the company.
Key Stock Selection Criteria
*ROE of at least 15% in each of the past 10 years.
*Trading at discount of at least 40% to company’s estimated intrinsic value.