Skip to Content
Fund Times

Despite Manager Departure, This Fund Remains Appealing

Silver-rated Jensen Quality Growth is losing one of its skippers, but the fund has maintained its disciplined approach--and outperformance--through other departures.

Mentioned: , , , , , , , , ,

The following is our latest Fund Analyst Report for Jensen Quality Growth (JENSX) . Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Although Jensen Quality Growth's longest-tenured manager will retire in early 2018, its prudent, consistently applied strategy and the rest of its veteran team continue to merit a Morningstar Analyst Rating of Silver. Robert Zagunis, comanager of this fund since January 1993 and the former chair of the investment committee, announced he will retire at the end of February 2018. His departure is a significant loss, but the rest of the team is experienced and stable: The other six members have worked on the team for 8-16 years. Furthermore, the fund has maintained its disciplined process and continued to outperform through the retirements of previous veterans, including firm founder Val Jensen in 2003.

To view this article, become a Morningstar Basic member.

Register for Free

Greg Carlson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.