Longtime Jensen Quality Growth fund manager and chief investment officer Eric Schoenstein has announced he will retire in March 2025. It’s not clear if the firm will hire or appoint another CIO for Schoenstein, who has been a manager on Jensen Growth for 20 years and a member of the firm for 22. An experienced team will remain after Schoenstein steps down; each of the five other members of Quality Growth’s investment team has more than a dozen years of experience at the firm. During Schoenstein’s tenure, the firm has built the investment team responsible for its now three strategies from about six to a dozen. Schoenstein also is a named manager on Jensen Quality Value and Jensen Global Quality Growth, but seasoned hands, including Adam Calamar and Kevin Walkush, respectively, have taken the lead on those strategies in recent years. Jensen has managed successions of previous generations of managers before, including that of founder Val Jensen two decades ago. That record, a strong bench of investors, and Schoenstein’s yearlong transition period should smooth this handoff. There is no change to this strategy’s People, Process, or Parent Pillar ratings. Correction (March 28, 2024): A previous version of this analyst note incorrectly identified Allen Bond as the lead manager of Jensen Quality Value. The lead manager is Adam Calamar.
Jensen Quality Growth R JENRX
- NAV / 1-Day Return 61.62 / +1.22 %
- Total Assets 9.7 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.290%
- Distribution Fee Level Above Average
- Share Class Type Retirement, Medium
- Category Large Blend
- Investment Style Large Growth
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 0.19%
- Turnover 16%
USD | NAV as of May 15, 2024 | 1-Day Return as of May 15, 2024, 10:23 PM GMT+0
Morningstar’s Analysis JENRX
Will JENRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 55.6
Top 10 Holdings
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% Portfolio Weight
|
Market Value USD
|
Sector
|
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PepsiCo Inc | 4.37 | 417.8 Mil | Consumer Defensive |
Mastercard Inc Class A | 3.91 | 374.0 Mil | Financial Services |