Jensen Quality Growth Fund

Jensen Quality Growth Fund 2Q15 Commentary

Jensen Quality Growth Fund commentary for the second quarter ended June 30, 2015.

U.S. Performance Summary
The U.S. equity market ended the second quarter with a slightly positive return. While the domestic economy remains moderately positive, a strong U.S. dollar and geopolitical concerns have created a muted equity market return. The Jensen Quality Growth Fund produced a negative return and underperformed the S&P 500 Index. Relative underperformance this quarter was primarily due to the Fund’s strong overweight . . .


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