Disclaimer & Risk Warning: Jensen Investment Management (Jensen) is the appointed Investment Adviser for icf management limited (icf). The information shown and any attached documents is presented by icf using all reasonable skill, care and diligence and has been obtained from or is based on third party sources believed to be reliable but is not guaranteed as to its accuracy, completeness or timeliness, nor is it a complete statement or summary of any securities, markets or developments referred to. The information and any attached documents should not be regarded by recipients as a substitute for the exercise of their own judgement. The information and any attached documents has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient and is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. In the absence of detailed information about you, your circumstances or your investment portfolio, the information does not in any way constitute investment advice. Value of investments can fall as well as rise and you may not get back the amount you have invested. Income from an investment may fluctuate in money terms. If the investment involves exposure to a currency other than that in which acquisitions of the investments are invested changes in the rates of exchange may cause the value of the investment to go up or down. Past performance is not necessarily a guide to future performance. Any opinions expressed and any attached documents are subject to change without notice and neither icf nor Jensen are under any obligation to update or keep current the information contained herein. Sources for all tables and graphs herein are icf and Jensen unless otherwise indicated. icf management limited. All rights reserved. None of the above or any attached documents may be reproduced or distributed in any manner without the written permission of icf.