Jensen Investment Management Inc

Item 5 - Fees and Compensation

Fees for Institutional Investors

Jensen Quality Growth Strategy Separately Managed Accounts for Institutional Investors

      Jensen's standard fee schedule for new Quality Growth Strategy separately
      managed accounts for institutional investors is shown in the table below and is
      based on a percentage of assets under management. The quarterly fee is one-fourth
      (1/4) of the annual fee rate indicated below, using the fair market value of the
      securities, accrued interest and dividends, and cash in the client’s account at the end
      of that quarter.

                    Investment Account Value         Annual Fee Rate
                    First $25,000,000                0.55%
                    Next $25,000,000                 0.50%
                    $50,000,000 and above            0.45%

      Jensen’s standard initial minimum account size for separately managed accounts of
      institutional investors in the Quality Growth Strategy is $5,000,000.00. As stated in
      Item 4 above, for relationships in which Jensen acts as a sub-adviser and manages
      assets for clients of other advisers, in which Jensen only provides the Jensen Quality
      Growth Strategy model to investment advisers, or in which Jensen is part of a dual-
      contract relationship, minimum account sizes and investment management fees
      vary.

Jensen Quality Mid Cap Strategy Separately Managed Accounts for Institutional Investors

      Jensen's standard fee schedule for new Quality Mid Cap Strategy separately
      managed accounts for institutional investors is shown in the table below and is
      based on a percentage of assets under management. The quarterly fee is one-fourth
      (1/4) of the annual fee rate indicated below, using the fair market value of the
      securities, accrued interest and dividends, and cash in the client’s account at the end
      of that quarter.

               Investment Account Value                   Annual Fee Rate

               First $25,000,000                          0.75%
               Next $25,000,000                           0.65%
               $50,000,000 and above                      0.55%

      Jensen’s initial minimum account size for separately managed accounts of
      institutional investors in the Quality Mid Cap Strategy is $5,000,000.00. As stated in
      Item 4 above, for relationships in which Jensen acts as a sub-adviser and manages
      assets for clients of other advisers, in which Jensen only provides the Jensen Quality
      Mid Cap Strategy model to investment advisers, or in which Jensen is part of a dual-
      contract relationship, minimum account sizes and investment management fees
      vary.

Jensen Global Quality Growth Strategy Separately Managed Accounts for Institutional
Investors

      Jensen's standard fee schedule for new Global Quality Growth Strategy separately
      managed accounts for institutional investors is shown in the table below and is
      based on a percentage of assets under management. The quarterly fee is one-fourth
      (1/4) of the annual fee rate indicated below, using the fair market value of the
      securities, accrued interest and dividends, and cash in the client’s account at the end
      of that quarter.

               Investment Account Value                    Annual Fee Rate

               First $100,000,000                          0.75%
               Next $100,000,000                           0.65%
               $200,000,000 and above                      0.50%

      Jensen’s standard initial minimum account size for separately managed accounts of
      institutional investors in the Global Quality Growth Strategy is $100,000,000.00. As
      stated in Item 4 above, for relationships in which Jensen acts as a sub-adviser and
      manages assets for clients of other advisers, in which Jensen only provides the
      Jensen Global Quality Growth Strategy model to investment advisers, or in which
      Jensen is part of a dual-contract relationship, minimum account sizes and
      investment management fees vary.

Fees for Private Client Accounts

Fee Schedule for Separately Managed Accounts of Individual Investors

      Jensen's standard fee schedule for new Private Client Accounts invested in one or
      more of Jensen’s investment strategies is shown in the table below and is based on
      a percentage of assets under management. Subject to the exceptions below, the
      quarterly fee is one-fourth (1/4) of the annual fee rate indicated below using the fair
      market value of the securities, accrued interest and dividends, and cash in the
      client’s account at the end of that quarter. If the account only holds unsupervised
      securities (i.e., Jensen does not provide investment management services with
      respect to the security), the value of the cash and unsupervised securities are
      excluded from the aggregate total fair market value used to calculate management
      fees. The value of shares of the Jensen Quality Growth Fund, the Jensen Global
      Quality Growth Fund, the Jensen Quality Mid Cap Fund, and/or the Jensen Quality
      Growth ETF held in the client’s account, if any, is excluded for purposes of
      determining Jensen’s investment management fee. Additionally, for accounts that
      only hold one or more of Jensen’s funds, any cash held in those accounts is
      excluded from the aggregate total fair market value used to calculate investment
      management fees.

                  Investment Account Value                Annual Fee Rate

                  First $1,000,000                        1.00%
                  Next $1,500,000                         0.75%
                  Next $2,500,000                         0.65%
                  Next $5,000,000                         0.60%
                  Over $10,000,000                        0.55%
...

Item 7 - Types of Clients
      Jensen provides advisory services to the following types of clients:
         •   Individuals (other than high net worth individuals)
         •   High net worth individuals
         •   Investment companies (including mutual funds and exchange-traded funds)
         •   Pension and profit-sharing plans (other than plan participants)
         •   Pooled investment vehicles (other than investment companies)
         •   Charitable organizations and endowments
         •   Corporations or other businesses not listed above
         •   State or municipal governmental entities
         •   Other investment advisers