At a glance
JGRW charges 0.57% a year, above the 0.36% average of the 8 funds most like it (the most expensive of 9). It has $87.7M in assets, the 8th largest of that group; it paid 0.35% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +4.1% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds. Its ten largest positions make up 57.7% of the fund, out of 27 in all.
The short version
Jensen Quality Growth ETF (JGRW) is an actively managed fund that holds about 25 to 30 mostly US companies. Each one has earned a return on equity (profit as a share of shareholders' money) of 15% or more in every one of its last ten fiscal years. That strict quality screen sets it apart. So does its cost: at 0.57% a year, it is the most expensive of nine similar funds, which average 0.36%.
Price history
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JGRW +4.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| JGRW official prospectus, to Dec 31, 2025 | — | +4.91% | — | — | — | +6.43% |
| JGRW price data to Oct 27, 2026 | +6.1% | +4.1% | — | — | — | +5.9% |
- Over the year to Oct 27, 2026, JGRW returned +4.1%, 6th of 9 among similar funds.
- Its worst full calendar year was 2025 (+5.1%); its best was 2025 (+5.1%).
- The deepest fall in its price history was 14.6% (Dec 2, 2024 to Apr 8, 2025), recovered by Sep 4, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +6.0% | — |
| 2025 | +5.1% | +4.91% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0700 | |
| 2025 | $0.1500 |
What's inside
As of Aug 31, 2026, the fund held 27 securities; the ten largest made up 57.7% of assets.
| Holding | Weight | |
|---|---|---|
| Microsoft Corp | 7.99% | |
| Amazon.com Inc | 7.28% | |
| Apple Inc | 6.40% | |
| NVIDIA Corp | 6.34% | |
| Alphabet Inc | 6.34% | |
| Mastercard Inc | 5.31% | |
| Marsh & McLennan Cos Inc | 4.68% | |
| Eli Lilly & Co | 4.58% | |
| Sherwin-Williams Co | 4.42% | |
| Broadcom Inc | 4.34% | |
| Stryker Corp | 3.97% | |
| KLA Corp | 3.88% | |
| Motorola Solutions Inc | 3.66% | |
| Waste Management Inc | 3.64% | |
| Veeva Systems Inc | 3.49% |
By country
United States 99.02%By asset type
Stocks 99.02%By sector
Sectors of the companies held, for the 97.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $11.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.41%, +2.62%, +2.13%.
How it works
Jensen Quality Growth ETF does not track an index. It is actively managed by Jensen Investment Management, Inc., which seeks long-term growth by holding roughly 25 to 30 mostly US companies, and never fewer than 15. At least 80% of net assets normally go into stocks that pass its quality and growth tests.
Each year, the adviser lists companies with a market value of $2 billion or more that earned a return on equity of 15% or higher in each of the last ten fiscal years. Return on equity measures profit against shareholders' investment. From that list, the adviser seeks above-average growth, using measures such as five- to ten-year revenue and earnings trends and the ability to fund growth from free cash flow, the cash left after running and reinvesting in the business. It may buy when it thinks a stock trades below its full value.
The prospectus sets no weighting formula or rebalancing date. The fund generally sells when a company stops meeting its criteria or another qualifying stock looks more promising. As of August 31, 2026, it held 27 companies; the 10 largest, led by Microsoft, Amazon and Apple, made up 57.7% of assets. Because it is non-diversified (allowed to concentrate in fewer companies), single stocks can move its results more.
What it really costs
- JGRW charges 0.57% a year, versus an average of 0.36% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $58 in the first year and $714 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JGRW | $58 | $183 | $318 | $714 |
In a retirement portfolio
JGRW holds just 27 stocks, has 40.6% in technology, costs more than similar funds and has only about two years of history, so it fits better as a smaller holding alongside broad funds.
JGRW could add a focused group of large, highly profitable US companies, but its record is short. The fund launched on August 13, 2024, so it never went through the 2008, 2020 or 2022 market declines. Its deepest drop was 14.6%, from December 2, 2024, to April 8, 2025. It recovered by September 4, 2025, about five months later. Its only full calendar year, 2025, returned 4.91%, according to the prospectus. Anyone forced to sell during that dip would have locked in losses. Income is small: the yield was 0.35% as of October 27, 2026, paid quarterly. Costs are high for this kind of fund. In the SEC's standard example, $10,000 invested would cost $58 in the first year and $714 over ten years. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want about 25 to 30 US companies that each earned at least 15% return on equity for ten straight years.
- People who prefer a manager's stock picks to an index and accept a 0.57% annual fee for that judgment.
- Long-term holders adding a growth satellite to broad funds who don't need income from it (0.35% yield as of October 27, 2026).
Look elsewhere if
- Cost-focused investors: Schwab's SCHG charges 0.04% and WisdomTree's QGRW 0.28%, compared with JGRW's 0.57%.
- Anyone who wants a long record. JGRW launched in August 2024 and has not been through a long bear market.
- Investors wary of concentration: as of August 31, 2026, technology was 40.6% of the fund and the top ten holdings were 57.7%.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| JGRW this fund | — | 0.57% | $87.7M | +4.1% | — |
| PGRO Putnam Focused Large Cap Growth ETF | 43% | 0.56% | $212.1M | +3.1% | +24.6% |
| SAWG AAM Sawgrass US Large Cap Quality Growth ETF | 41% | 0.49% | $2.9M | +10.4% | — |
| QGRW WisdomTree U.S. Quality Growth Fund | 41% | 0.28% | $2.65B | +12.3% | +30.1% |
| QLTY GMO US Quality ETF Shs | 41% | 0.5% | $5.18B | +15.9% | — |
| USMC Principal U.S. Mega-Cap ETF | 40% | 0.12% | $3.49B | +11.3% | +24.5% |
| SCHG Schwab U.S. Large-Cap Growth ETF | 40% | 0.04% | $63.03B | +2.2% | +23.0% |
| TGRT T. Rowe Price Growth ETF | 38% | 0.38% | $1.48B | +1.0% | +23.5% |
Questions investors ask
Is JGRW a good ETF for retirement?
It may suit a retirement portfolio as a smaller growth holding, not as the whole portfolio. JGRW owns about 25 to 30 large, highly profitable US companies, pays little income (a 0.35% yield as of October 27, 2026, paid quarterly) and charges 0.57% a year. Its history is short. Since its August 2024 launch, its deepest fall was 14.6%, and it recovered in about five months, by September 2025. It has not been tested in a long bear market.
What's the difference between JGRW and PGRO?
They are similar focused large-company growth funds with nearly identical fees: 0.57% for JGRW and 0.56% for Putnam's PGRO. About 43% of their holdings overlap, the most of any similar fund. JGRW's defining rule is that each company must have ten straight years of 15%+ return on equity. PGRO is larger, with $212 million in net assets versus JGRW's $87.7 million as of August 31, 2026. Over the year through October 27, 2026, JGRW returned 4.1% and PGRO 3.1%.
Does JGRW pay dividends?
Yes. JGRW pays dividends quarterly, but they are small. Its trailing 12-month yield was 0.35%, about $0.10 per share, as of October 27, 2026. The fund is built for long-term growth, and its largest holdings, such as Microsoft, Amazon and NVIDIA, pay little out compared with their share prices. Investors who need steady income from a fund may find it worth comparing JGRW with dividend-focused funds.
What is JGRW's expense ratio?
JGRW's expense ratio is 0.57% a year, according to its prospectus filed September 25, 2026. All of it is the management fee, and there is no fee waiver. That makes it the most expensive of nine similar funds, which average 0.36%. In the SEC's standard example ($10,000 invested, 5% yearly return), costs would total $58 after one year, $183 after three, $318 after five and $714 after ten.
What are JGRW's top holdings?
As of August 31, 2026, JGRW's largest holdings were Microsoft (8.0%), Amazon (7.3%), Apple (6.4%), NVIDIA (6.3%), Alphabet (6.3%) and Mastercard (5.3%). Marsh & McLennan, Eli Lilly, Sherwin-Williams and Broadcom completed the top ten. Together, those ten made up 57.7% of a portfolio of 27 companies. By sector, technology was the largest at 40.6%, followed by consumer discretionary at 17.8% and financials at 10%.