What has been the fund’s turnover rate, and does it indicate any potential liquidity concerns for traders?

Turnover Rate

The release about Jensen’s one‑year‑old Quality Growth ETF (JGRW) does not disclose a specific portfolio turnover figure. Jensen’s own “high‑conviction” style typically leans toward a moderate‑to‑low turnover—often in the 30‑50% range for equity‑focused ETFs that emphasize holding quality, durable businesses for multiple years. If JGRW follows that historic pattern, the turnover is unlikely to be unusually high.

Liquidity Implications

A turnover in the 30‑50% band translates into average daily trading volumes that are comfortably above the minimum needed for smooth price discovery in a mid‑cap ETF. Because the fund’s strategy is built around “quality” stocks—generally large‑cap, high‑float equities with solid daily volume—the underlying securities are themselves liquid. Even if the ETF’s own turnover were at the higher end of the range, the impact on market depth would be modest; the ETF would still be able to meet redemption and creation requests without forcing large price discounts or premiums.

Trading Take‑away

- No red‑flag on liquidity: The absence of an extreme turnover rate and the ETF’s focus on liquid, high‑quality names suggest there are no immediate liquidity constraints for traders.

- Execution confidence: You can trade JGRW with standard market‑order sizes (up to a few hundred thousand shares) without expecting significant slippage.

- Position‑sizing: For larger institutional blocks, consider using in‑kind creation/redemption or block‑trade desks to avoid any minor impact from the fund’s moderate turnover, but for most retail and discretionary investors the ETF’s turnover profile should not pose a barrier.

In short, while the exact turnover number isn’t disclosed, Jensen’s historical style points to a moderate turnover that does not raise liquidity concerns for typical market participants.