Jensen Quality Growth Fund - Class Y 

The Jensen Quality Growth Fund Class Y seeks to generate substantial capital growth over an extended period. To achieve this aim, the fund typically concentrates its investments in the stock of approximately 25 to 30 companies. Its primary investment approach involves acquiring common shares, predominantly from publicly traded U.S. corporations. The Adviser may initiate purchases when a security's market price is deemed to be below its intrinsic value. Conversely, the fund retains the flexibility to sell all or part of its holdings in a company if the Adviser identifies another eligible security offering a superior opportunity to meet the fund's objective. This fund operates on a non-diversified basis.