Jensen Investment Management Celebrates 20th Anniversary of its Flagship Mutual Fund
LAKE OSWEGO, Ore., Sept. 7, 2012 /PRNewswire/ -- Jensen Investment Management is pleased to announce the 20th anniversary of its flagship mutual fund, the Jensen Quality Growth Fund.
"Two decades after the Jensen flagship mutual fund was first established to parallel the investment process that we employed for our firm's individual clients, we are proud to be celebrating the accomplishments of this historically steadfast mutual fund," said Robert Zagunis, Principal of Jensen Investment Management. "Although we have revised our investment processes a bit over the past two decades so as to tactically refine the way in which we invest, we have remained true to our original investment philosophy: invest in an elite group of quality growth businesses that we believe, over the long-term, are likely to reward patient investors," he added.
In addition, Jensen is proud to celebrate the lengthy tenures of the investment team members who collectively manage the fund. "A number of our investment team executives have been with us for many years; one nearly since the fund's inception," Robert Zagunis continued.
Jensen's core investment process for the Jensen Quality Growth Fund involves seeking companies with:
- Market capitalizations above $1 billion;
- Returns on equity of at least 15% or greater for each of the past ten consecutive years, as determined by the investment team;
- Sustainable competitive advantages, such as being the market leader in its industry, having scale, and possessing pricing power;
- Identifiable growth drivers which pave the way for potential future growth;
- Margin strength and consistent business returns;
- Free cash flow that savvy management can then reinvest into their businesses, fund strategic acquisitions or corporate stock buybacks, or increase dividends to shareholders;
- Likeable entry points for our investments which are below the intrinsic value we assign to each business.
From a possible stock universe of over 5,500 public companies, the investment team at Jensen whittles down the list to between 40 and 50 potential quality growth companies, from which between 25 and 30 make the final cut and are selected to become part of the Jensen Quality Growth Fund's portfolio.
About Jensen
The Jensen Quality Growth Fund was originally named The Jensen Portfolio. The fund's name was changed to better reflect its underlying investment style on September 30, 2011. The fund has been proprietarily managed since inception by Jensen Investment Management of Lake Oswego, Oregon. Jensen has also managed The Jensen Quality Value Fund since its April 2010 inception and additionally manages separate and institutional accounts. Jensen Investment Management is an independent and 100% employee-owned asset management company with total assets under management of over $5.5 billion as of June 2012.
The Jensen Funds' investment objectives, risks, charges and expenses must be carefully considered before investing. The funds' prospectuses contain this and other important information about the investment companies, and may be obtained by calling 1-800-992-4144, or by visiting www.jenseninvestment.com. Read them carefully before investing.
The Jensen Quality Growth Fund is non-diversified, meaning that it may concentrate its assets in fewer individual holdings than a diversified fund, and is therefore more exposed to individual stock volatility than a diversified fund.
Mutual fund investing involves risk. Loss of principal is possible. There is no assurance that the Fund's investment process will lead to successful investing or that the stated objective(s) will be met.
Return on Equity: Is equal to a company's after-tax earnings (excluding non-recurring items) divided by its average stockholder equity for the year.
Free Cash Flow: Is equal to the after-tax net income of a company plus depreciation and amortization less capital expenditures.
The Jensen Funds are distributed by Quasar Distributors, LLC.
SOURCE Jensen Investment Management
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