0001145549-21-045534.txt : 20210813 0001145549-21-045534.hdr.sgml : 20210813 20210813142241 ACCESSION NUMBER: 0001145549-21-045534 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210531 FILED AS OF DATE: 20210813 DATE AS OF CHANGE: 20210813 EFFECTIVENESS DATE: 20210813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Jensen Quality Growth Fund Inc CENTRAL INDEX KEY: 0000887215 IRS NUMBER: 931086448 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06653 FILM NUMBER: 211171444 BUSINESS ADDRESS: STREET 1: 5500 MEADOWS ROAD STREET 2: SUITE 200 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 BUSINESS PHONE: 800-221-4384 MAIL ADDRESS: STREET 1: 5500 MEADOWS ROAD STREET 2: SUITE 200 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 FORMER COMPANY: FORMER CONFORMED NAME: JENSEN QUALITY GROWTH FUND, INC. DATE OF NAME CHANGE: 20180323 FORMER COMPANY: FORMER CONFORMED NAME: JENSEN PORTFOLIO INC DATE OF NAME CHANGE: 19920929 0000887215 S000004905 The Jensen Quality Growth Fund Inc C000013259 J Shares JENSX C000013260 I Shares JENIX C000013261 R Shares JENRX C000175790 Y Shares JENYX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000887215 XXXXXXXX true false false N-1A true Jensen Quality Growth Fund Inc 811-06653 0000887215 549300N4RH1JD951Z611 5500 MEADOWS ROAD SUITE 200 LAKE OSWEGO 97035-3623 US-OR US 800-221-4384 U.S. BANCORP FUND SERVICES, LLC 615 EAST MICHIGAN STREET MILWAUKEE 53202 18336121912 Fund administrator fund accountant and transfer agent records U.S. BANK, NATIONAL ASSOCIATION CUSTODY OPERATIONS 1555 NORTH RIVERCENTER DRIVE SUITE 302 MILWAUKEE 53212-3958 18336121912 Fund Custody Records QUASAR DISTRIBUTORS, LLC 111 East Kilbourn Avenue Suite 1250 MILWAUKEE 53202-3101 18662516920 Fund Distributor Records JENSEN INVESTMENT MANAGEMENT, INC 5500 MEADOWS ROAD SUITE 200 LAKE OSWEGO 97035-3623 18009924144 Investment Adviser records Stoel Rives LLP 760 SW Ninth Avenue Suite 3000 Portland 97205 5032243380 Legal records Cohen & Company, Ltd. 1350 Euclid Avenue Suite 800 Cleveland 44115 2165791040 Public accountant records N N N N-1A 1 Y Robert E. Harold N/A N Kenneth Thrasher N/A N Janet G. Hamilton, PhD, CFA N/A N Roger A. Cooke N/A N Robert D. Mclver N/A Y Gabriel L. Goddard N/A 5500 MEADOWS ROAD SUITE 200 LAKE OSWEGO 97035-3623 XXXXXX Y N N N N N N QUASAR DISTRIBUTORS, LLC 8-52323 000103848 N/A Y N Cohen & Company, Ltd. 00925 N/A N N N N N N N Jensen Quality Growth Fund Inc. S000004905 549300YD4VZ4BERA3O05 N 4 0 0 N/A Y N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N JENSEN INVESTMENT MANAGEMENT, INC. 801-32726 000105281 549300VD47D3K1WAVR22 N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N Refinitiv US LLC N/A N Bloomberg L.P. 549300B56MD0ZC402L06 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N FIS BROKERAGE & SECURITIES SERVICES LLC 8-52614 000104162 5493000KYO0CHOUH1K62 77883.000000000000 INSTINET,LLC 8-23669 000007897 549300MGMN3RKMU8FT57 84270.000000000000 162153.000000000000 U.S. Bancorp Investments, Inc. 8-35359 000017868 H85Z6XZP8B10ES0M2G89 2656161840.000000000000 2656161840.000000000000 N 9672808740.000000000000 0.000000000000 Committed 400000000.000000000000 N N N true INTERNAL CONTROL RPT 2 ncen.htm INTERNAL CONTROL PDFtoHTML Conversion Output
 
 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of

The Jensen Quality Growth Fund Inc.

In planning and performing our audit of the financial statements of The Jensen Quality Growth Fund Inc. (the "Fund") as of and for the year ended May 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N" CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of May 31, 2021.

This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Cleveland, Ohio

July 28, 2021

C O H E N & C O M P A N Y , L T D .

800.229.1099 | 866.818.4538 fa x | cohencpa.com

Registered with the Public Company Accounting Oversight Board