The new classes consist of I-Shares (JENIX) for institutional investors with $1 million or more to invest, and R-Shares (JENRX) tailored to the revenue sharing needs of 401(k) and other retirement plan sponsors, according to a news release. The original share class of The Jensen Portfolio will be renamed J-Shares, retaining the symbol JENSX.
Founded in 1988, Jensen Investment Management is an independent registered investment advisor located in Portland, Oregon. As of June 30, 2003, the firm had more than $1.7 billion in assets under management. For more information, go to visit www.jenseninvestment.com .