Jensen Quality Growth Fund
Schedule of Investments
February 28, 2022 (Unaudited)
(showing percentage of total net assets)
Shares | Value | |||||||
COMMON STOCKS - 99.00% | ||||||||
Air Freight & Logistics - 2.01% | ||||||||
971,000 | United Parcel Service, Inc. - Class B | $ | 204,317,820 | |||||
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Beverages - 6.43% | ||||||||
3,995,000 | PepsiCo, Inc. | 654,141,300 | ||||||
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Commercial Services & Supplies - 1.86% | ||||||||
1,312,000 | Waste Management, Inc. | 189,452,800 | ||||||
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Electronic Equipment, Instruments & Components - 1.01% | ||||||||
1,356,000 | Amphenol Corporation - Class A | 103,069,560 | ||||||
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Food Products - 1.65% | ||||||||
2,480,000 | General Mills, Inc. | 167,226,400 | ||||||
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Health Care Equipment & Supplies - 9.90% | ||||||||
1,842,000 | Becton Dickinson and Company | 499,697,760 | ||||||
1,925,000 | Stryker Corporation | 506,948,750 | ||||||
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1,006,646,510 | ||||||||
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Health Care Providers & Services - 4.86% | ||||||||
1,038,000 | UnitedHealth Group, Inc. | 493,953,060 | ||||||
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Hotels, Restaurants & Leisure - 2.81% | ||||||||
3,116,000 | Starbucks Corporation | 286,017,640 | ||||||
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Household Products - 2.81% | ||||||||
1,835,000 | The Procter & Gamble Company | 286,058,150 | ||||||
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Industrial Conglomerates - 3.79% | ||||||||
2,591,600 | 3M Company | 385,241,340 | ||||||
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Insurance - 1.99% | ||||||||
1,300,000 | Marsh & McLennan Companies, Inc. | 202,033,000 | ||||||
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Interactive Media & Services - 6.96% | ||||||||
262,000 | Alphabet, Inc. - Class A (a) | 707,698,680 | ||||||
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IT Services - 15.44% | ||||||||
1,266,000 | Accenture PLC - Class A (b) | 400,081,320 | ||||||
1,706,000 | Automatic Data Processing, Inc. | 348,774,640 | ||||||
1,333,000 | Broadridge Financial Solutions, Inc. | 194,897,930 | ||||||
3,944,000 | Cognizant Technology Solutions Corporation - Class A | 339,696,720 | ||||||
795,000 | Mastercard, Inc. - Class A | 286,851,900 | ||||||
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1,570,302,510 | ||||||||
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Pharmaceuticals - 9.04% | ||||||||
3,318,000 | Johnson & Johnson | 546,043,260 | ||||||
7,951,000 | Pfizer, Inc. | 373,219,940 | ||||||
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919,263,200 | ||||||||
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Professional Services - 3.07% | ||||||||
952,000 | Equifax, Inc. | 207,859,680 | ||||||
585,000 | Verisk Analytics, Inc. | 103,743,900 | ||||||
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311,603,580 | ||||||||
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Semiconductors & Semiconductor Equipment - 2.36% | ||||||||
1,414,000 | Texas Instruments, Inc. | 240,365,860 | ||||||
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Software - 9.42% | ||||||||
593,000 | Intuit, Inc. | 281,301,410 | ||||||
2,266,000 | Microsoft Corporation | 677,058,140 | ||||||
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958,359,550 | ||||||||
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Specialty Retail - 4.39% | ||||||||
711,000 | Home Depot, Inc. | 224,555,130 | ||||||
3,360,600 | The TJX Companies, Inc. | 222,135,660 | ||||||
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446,690,790 | ||||||||
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Technology Hardware, Storage & Peripherals - 5.24% | ||||||||
3,227,000 | Apple, Inc. | 532,842,240 | ||||||
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Textiles, Apparel & Luxury Goods - 3.96% | ||||||||
2,950,000 | NIKE, Inc. - Class B | 402,822,500 | ||||||
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TOTAL COMMON STOCKS (Cost $5,137,280,417) | 10,068,106,490 | |||||||
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Short-Term Investment - 0.89% | ||||||||
Money Market Fund - 0.89% | ||||||||
90,330,709 | First American Treasury Obligations Fund - Class X, 0.013% (c) | 90,330,709 | ||||||
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Total Short-Term Investment (Cost $90,330,709) | 90,330,709 | |||||||
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Total Investments (Cost $5,227,611,126) - 99.89% | 10,158,437,199 | |||||||
Other Assets in Excess of Liabilities - 0.11% | 11,441,977 | |||||||
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TOTAL NET ASSETS - 100.00% | $ | 10,169,879,176 | ||||||
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Percentages are stated as a percent of net assets.
PLC - Public Limited Company
(a) | Non-income producing security. |
(b) | Foreign issued security. Foreign concentration (including ADRs) was as follows: Ireland 3.93% as a percentage of net assets. |
(c) | Variable rate security. Rate listed is the 7-day effective yield as of February 28, 2022. |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.
The accompanying footnotes are an integral part of the Financial Statements.