JQTY

The fund is an exchange-traded fund (“ETF”) that employs a “passive management” (or indexing) investment approach designed to track the performance, before fees and expenses, of the Jensen U.S. Quality Index. The Advisor attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in “Quality Companies” that are component securities of the index.