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 Value I JNVIX
- NAV / 1-Day Return 19.43 / +1.36 %
- Total Assets 201.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.820%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Mid-Cap Blend
- Investment Style Mid Blend
- Min. Initial Investment 250,000
- Status Open
- TTM Yield 0.79%
- Turnover 16%
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis JNVIX
Will JNVIX 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 36.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Equifax Inc | 4.17 | 8.0 Mil | Industrials |
Crown Holdings Inc | 3.89 | 7.4 Mil | Consumer Cyclical |
Laboratory Corp of America Holdings | 3.88 | 7.4 Mil | Healthcare |
Broadridge Financial Solutions Inc | 3.78 | 7.2 Mil | Technology |
Encompass Health Corp | 3.68 | 7.0 Mil | Healthcare |
Lennox International Inc | 3.55 | 6.8 Mil | Industrials |
Copart Inc | 3.53 | 6.8 Mil | Industrials |
Microchip Technology Inc | 3.43 | 6.6 Mil | Technology |
The Kroger Co | 3.30 | 6.3 Mil | Consumer Defensive |
Genuine Parts Co | 3.21 | 6.1 Mil | Consumer Cyclical |