Fund Evaluator:
Jensen Quality Growth J (JENSX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Jensen Quality Growth J Overview
Jensen Quality Growth J (JENSX) is an actively managed U.S. Equity Large Blend fund. Jensen launched the fund in 1992.
The investment seeks long-term capital appreciation. To achieve its objective, the fund invests in equity securities of approximately 25 to 30 companies. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of companies meeting the criteria for quality and growth as determined by the fund’s investment adviser,Jensen Investment Management, Inc. (the “Adviser”). It is non-diversified.
About Jensen Quality Growth J (JENSX)
There are 5 members of the management team with an average tenure of 13.87 years: Allen Bond (2011), Adam Calamar (2013), Jeffrey Wilson (2025), Kurt Havnaer (2007), Robert McIver (2005). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Jensen Quality Growth J has 29 securities in its portfolio. The top 10 holdings constitute 57.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Jensen Quality Growth J is part of the Equity global asset class and is within the U.S. Equity fund group. Jensen Quality Growth J has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Jensen Quality Growth J has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JENSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Jensen Quality Growth J expense ratio is high compared to funds in the Large Blend category. Jensen Quality Growth J has an expense ratio of 0.82%, which is 1% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Jensen Quality Growth J has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Jensen Quality Growth J returned -0.6%, which earned it a grade of C, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Jensen Quality Growth J has a trailing yield of 0.07%, which is below the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Jensen Quality Growth J Grades
Year to date, the fund has returned -0.8%, 9.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.5% over the past year (grade of F), 6.4% over the past three years (grade of F) and 5.5% per year over the past five years (grade of F) and 11.2% per year over the past 10 years (grade of F).
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JENSX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JENSX Return (NAV) | -0.6% | 10.7% | 1.5% | 6.4% | 5.5% | 11.2% |
| JENSX Grade | C | F | F | F | F | F |
| +/- Category | -0.4% | -3.1% | -18.0% | -12.0% | -6.0% | -2.9% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| JENSX Tax Cost Ratio | na | na | 6.7% | 4.1% | 3.0% | 2.4% |
JENSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JENSX Return (NAV) | -0.8% | 4.8% | 10.0% | 16.7% | -16.5% | 30.1% | 18.4% | 29.0% | 2.2% | 23.2% | 12.0% |
| JENSX Grade | F | F | F | F | B | A | C | D | A | B | B |
| +/- Category | -9.8% | -11.1% | -12.1% | -7.1% | 0.8% | 3.5% | 0.8% | -0.8% | 8.1% | 1.9% | 1.8% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 11.5% |
| Total Risk Index: | 0.94 - Average |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (9% Rank) |
| Beta: | 0.81 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2852 Mil |
| Fund Total Assets: | $1,236 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 15% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 21.3 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): McIver Robert (2005), Havnaer Kurt (2007), Bond Allen (2011), Calamar Adam (2013), Wilson Jeffrey (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 57.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Jensen |
| Phone Number: | 800-992-4144 |
| Website: | www.jenseninvestment.com |
| Status: | Open |
| Inception Date: | August 3, 1992 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.82% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Jensen Quality Growth J |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
