Fund Evaluator:

Jensen Global Quality Growth I Overview

Jensen Global Quality Growth I (JGQIX) is an actively managed International Equity Global Large-Stock Growth fund. Jensen launched the fund in 2020.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. and foreign equity securities of companies meeting the criteria for quality and growth as determined by the Adviser. The Adviser considers a company to be a “growth” company if it is determined by the Adviser to have above-average potential for growth in revenue, earnings, or cash flow. It is non-diversified.

About Jensen Global Quality Growth I (JGQIX)

There are 3 members of the management team with an average tenure of 5.39 years: Allen Bond (2020), Jeffrey Wilson (2023), Robert McIver (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Jensen Global Quality Growth I has 32 securities in its portfolio. The top 10 holdings constitute 56.6% 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 Global Quality Growth I is part of the Equity global asset class and is within the International Equity fund group. Jensen Global Quality Growth I has 38.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 60.8%. There is 38.7% 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 Global Quality Growth I has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $3 million in total assets, which is below the $988 million average for the Global Large-Stock Growth 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.

JGQIX 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 Global Quality Growth I expense ratio is high compared to funds in the Global Large-Stock Growth category. Jensen Global Quality Growth I has an expense ratio of 1.02%, which is 9% lower 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 Global Quality Growth I has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, Jensen Global Quality Growth I returned -2.0%, which earned it a grade of C, as the Global Large-Stock Growth category had an average return of -2.4%. 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 Global Quality Growth I has a trailing yield of 0.00%, which is below the 0.27% category average. The fund normally distributes its income quarterly.

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 Global Quality Growth I Grades

Year to date, the fund has returned 3.8%, 2.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 7.7% over the past year (grade of D), 9.0% over the past three years (grade of F) and 5.7% per year over the past five years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Jensen Global Quality Growth I, including its riskiness, submit your email to unlock the rest of the article.