0000894189-13-005654.txt : 20131008 0000894189-13-005654.hdr.sgml : 20131008 20131008172948 ACCESSION NUMBER: 0000894189-13-005654 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20131008 DATE AS OF CHANGE: 20131008 EFFECTIVENESS DATE: 20131008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-62298 FILM NUMBER: 131142025 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655067 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ZODIAC TRUST DATE OF NAME CHANGE: 20010601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-10401 FILM NUMBER: 131142026 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655067 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ZODIAC TRUST DATE OF NAME CHANGE: 20010601 0001141819 S000028264 Jensen Quality Value Fund C000086400 Jensen Quality Value Fund - I Shares JNVIX C000086401 Jensen Quality Value Fund - J Shares JNVSX 485BPOS 1 jensentpm-485b_xbrl.htm POST EFFECTIVE AMENDMENT (EXHIBIT FILING 485BPOS - XBRL) Unassociated Document

 
As filed with the Securities and Exchange Commission on October 8, 2013
1933 Act Registration File No. 333-62298
1940 Act File No. 811-10401

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
[X]
Pre-Effective Amendment No.
   
[   ]
Post-Effective Amendment No.
406
 
[X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
[X]
Amendment No.
408
 
[X]

TRUST FOR PROFESSIONAL MANAGERS
(Exact Name of Registrant as Specified in Charter)

615 East Michigan Street
Milwaukee, Wisconsin 53202
(Address of Principal Executive Offices) (Zip Code)
 (Registrant’s Telephone Number, including Area Code) (414) 287-3338

Rachel A. Spearo, Esq.
U.S. Bancorp Fund Services, LLC
615 East Michigan Street, 2nd Floor
Milwaukee, Wisconsin 53202
(Name and Address of Agent for Service)

Copies to:
Carol A. Gehl, Esq.
Godfrey & Kahn, S.C.
780 North Water Street
Milwaukee, Wisconsin 53202
(414) 273-3500

It is proposed that this filing will become effective (check appropriate box)

[X]
Immediately upon filing pursuant to Rule 485(b).
[   ]
on (date) pursuant to Rule 485(b).
[   ]
on (date) pursuant to Rule 485(a)(1).
[   ]
60 days after filing pursuant to Rule 485 (a)(1).
[   ]
75 days after filing pursuant to Rule 485 (a)(2).
[   ]
on (date) pursuant to Rule 485(a)(2).

If appropriate, check the following box:

[X]
This PEA No. 406 hereby incorporates Parts A, B and C from the Fund’s PEA No. 402 on Form N-1A filed September 27, 2013.  This PEA No. 406 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No.402.
 
 
 
 

 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, (the “Act”) and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 406 to its Registration Statement meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Act and the Registrant has duly caused this Post-Effective Amendment No. 406 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the County of Milwaukee and State of Wisconsin, on the 8th day of October, 2013.


TRUST FOR PROFESSIONAL MANAGERS

By:  /s/ John P. Buckel
John P. Buckel
Vice President, Treasurer and Principal Accounting Officer


Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 406 to its Registration Statement has been signed below on October 8, 2013, by the following persons in the capacities indicated.
 
Signature
 
Title
Joseph C. Neuberger*                                                                
Joseph C. Neuberger
 
Chairperson and Interested Trustee
Michael D. Akers*                                                      
Michael D. Akers
 
Independent Trustee
Gary A. Drska*                                                                
Gary A. Drska
 
Independent Trustee
Jonas B. Siegel*                                                                
Jonas B. Siegel
 
Independent Trustee
/s/ John P. Buckel                                                      
John P. Buckel
 
President and Principal Executive Officer
Jennifer A. Lima*                                                      
Jennifer A. Lima
 
Vice President, Treasurer and Principal Financial and Accounting Officer
* By:       /s/ John Buckel                                                      
John Buckel
*Attorney-in-Fact pursuant to Power of Attorney previously filed with Registrant’s Post-Effective Amendment No. 357 to its Registration Statement on Form N-1A with the SEC on January 25, 2013, and is incorporated by reference.
 

 
 
 

 
 
 
EXHIBIT INDEX


Exhibit
Exhibit No.
 
Instance Document
EX-101.INS
Schema Document
EX-101.SCH
Calculation Linkbase Document
EX-101.CAL
Definition Linkbase Document
EX-101.DEF
Label Linkbase Document
EX-101.LAB
Presentation Linkbase Document
EX-101.PRE


EX-101.INS 2 ck0001141819-20130927.xml INSTANCE DOCUMENT 0001141819 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_J_Shares_ProspectusMember ck0001141819:S000028264Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_J_Shares_ProspectusMember ck0001141819:S000028264Member ck0001141819:C000086401Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_J_Shares_ProspectusMember ck0001141819:S000028264Member rr:AfterTaxesOnDistributionsMember ck0001141819:C000086401Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_J_Shares_ProspectusMember ck0001141819:S000028264Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001141819:C000086401Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_J_Shares_ProspectusMember ck0001141819:S000028264Member ck0001141819:index__Russell_3000_Value_Total_Return_Index_reflects_no_deductions_for_fees_expenses_or_taxes_Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_I_Shares_ProspectusMember ck0001141819:S000028264Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_I_Shares_ProspectusMember ck0001141819:S000028264Member ck0001141819:C000086400Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_I_Shares_ProspectusMember ck0001141819:S000028264Member rr:AfterTaxesOnDistributionsMember ck0001141819:C000086400Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_I_Shares_ProspectusMember ck0001141819:S000028264Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001141819:C000086400Member 2013-05-31 2013-05-31 0001141819 ck0001141819:doc_Class_I_Shares_ProspectusMember ck0001141819:S000028264Member ck0001141819:index__Russell_3000_Value_Total_Return_Index_reflects_no_deductions_for_fees_expenses_or_taxes_Member 2013-05-31 2013-05-31 iso4217:USD xbrli:pure Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses. Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.25% of the Fund's average net assets attributable to Class J shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein. Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.10% of the Fund's average net assets attributable to Class I shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein. TRUST FOR PROFESSIONAL MANAGERS 485BPOS false 0001141819 2013-05-31 2013-09-27 2013-09-30 2013-09-30 Jensen Quality Value Fund JNVSX Example <div align="justify" style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.&#160;&#160;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.&#160;&#160;The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.&#160;&#160;The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014.<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></font></div> 127 537 1000 2284 ~ http://usbank.com/20130927/role/ScheduleExpenseExampleTransposed20002 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_J_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your costs would be: PRINCIPAL RISKS OF INVESTING IN THE FUND <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.&#160;&#160;Remember, in addition to possibly not achieving your investment goals, <font style="DISPLAY: inline; FONT-WEIGHT: bold">you could lose money by investing in the Fund</font>.&#160;&#160;The principal risks of investing in this Fund are:</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-1" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stock Market Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder&#8217;s investment.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-2" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Management Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The quantitative process used by the Adviser to select securities for the Fund&#8217;s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. Certain risks are inherent in the ownership of any security, and there is no assurance that the Fund&#8217;s investment objective will be achieved.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-3" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Company and Sector Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund&#8217;s investment strategy requires that a company selected for investment must, among other criteria and in the determination of the Adviser, have attained a return on equity of at least 15% per year for each of the prior 10 years.&#160;&#160;Because of the relatively limited number of companies that have achieved this strong level of consistent, long term business performance, the Fund at times is prohibited from investing in certain companies and sectors that may be experiencing a shorter-term period of robust earnings growth. As a result, the Fund&#8217;s performance may trail the overall market over a short or extended period of time compared to what its performance may have been if the Fund was able to invest in such rapidly growing, non-qualifying companies.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-4" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Large-Cap Company Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors.&#160;&#160;Also, large-cap companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-5" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Small-and Mid-Cap Company Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The securities of small-cap and mid-cap companies may be more volatile and less liquid than the securities of large-cap companies.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-6" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Portfolio Turnover Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund may trade actively and therefore experience a portfolio turnover rate of over 100%.&#160;&#160;High portfolio turnover is likely to lead to increased Fund expenses, including brokerage commissions and other transaction costs.&#160;&#160;A high portfolio turnover rate may also result in more capital gains, including short-term capital gains taxable to shareholders at ordinary income rates.&#160;&#160;High portfolio turnover, as a result, may lead to lower after-tax investment returns.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Investment Suitability</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund is designed for long-term investors who are willing to accept short-term market price fluctuations.</font> </div> Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund. PERFORMANCE <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.&#160;&#160;The Fund&#8217;s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.&#160;&#160;Updated performance information is available on the Fund&#8217;s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.</font> </div> Jensen Quality Value Fund - Class J Shares Annual Total Return as of December 31 0.0220 0.0766 ~ http://usbank.com/20130927/role/ScheduleAnnualTotalReturnsBarChart20003 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_J_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member column rr_ProspectusShareClassAxis compact ck0001141819_C000086401Member row primary compact * ~ highest quarterly return 0.0917 2011-12-31 lowest quarterly return -0.1399 2011-09-30 year-to-date return 0.2037 2013-06-30 <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund&#8217;s calendar year-to-date return as of June 30, 2013 was 20.37%.&#160;&#160;During the period of time shown in the bar chart, the Fund&#8217;s highest quarterly return was 9.17% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.99% for the quarter ended September 30, 2011.</font> </div> 0.0766 0.0467 Return Before Taxes 0.0726 0.0404 Return After Taxes on Distributions 0.0552 0.0389 Return After Taxes on Distributions and Sale of Fund Shares 0.1755 0.0922 Russell 3000&#174; Value Total Return Index (reflects no deductions for fees, expenses, or taxes) 2010-03-31 2010-03-31 ~ http://usbank.com/20130927/role/ScheduleAverageAnnualReturnsTransposed20004 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_J_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.&#160;&#160;Actual after-tax returns depend on each investor&#8217;s individual tax situation and may differ from those shown.&#160;&#160;Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (&#8220;IRAs&#8221;).</font> </div> Average Annual Total Returns For the Periods Ended December 31, 2012 (reflects no deductions for fees, expenses, or taxes) The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance. Actual after-tax returns depend on each investor's individual tax situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs"). After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The Fund's past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.jenseninvestment.com 800-992-4144 Portfolio Turnover <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160;&#160;A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.&#160;&#160;These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund&#8217;s performance.&#160;&#160;For the year ended May 31, 2013, the Fund&#8217;s portfolio turnover rate was 121.35% of the average value of its portfolio.</font> </div> 1.2135 PRINCIPAL INVESTMENT STRATEGIES <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.&#160;&#160;These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.&#160;&#160;In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).&#160;&#160;Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.&#160;&#160;<font style="DISPLAY: inline">The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.</font></font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund&#8217;s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.&#160;&#160;Underpinnings of the Adviser&#8217;s investment philosophy are embedded in academic research, the Adviser&#8217;s history as an investor, and extensive back-testing of the investment universe.&#160;&#160;The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.&#160;&#160;The factors employed reflect the consistency of a company&#8217;s performance, its operating efficiency and the valuation of its stock.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; 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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 2014-09-30 Shareholder Fees (fees paid directly from your investment) None Jensen Quality Value Fund JNVIX Example <div align="justify" style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.&#160;&#160;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.&#160;&#160;The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.&#160;&#160;The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014.<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></font></div> 112 476 891 2048 ~ http://usbank.com/20130927/role/ScheduleExpenseExampleTransposed20008 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_I_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your costs would be: PRINCIPAL RISKS OF INVESTING IN THE FUND <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.&#160;&#160;Remember, in addition to possibly not achieving your investment goals, <font style="DISPLAY: inline; FONT-WEIGHT: bold">you could lose money by investing in the Fund</font>.&#160;&#160;The principal risks of investing in this Fund are:</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-9" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stock Market Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder&#8217;s investment.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list-10" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: left; WIDTH: 36pt"> <div style="TEXT-ALIGN: left"> <font style="display: inline; font-size: 10pt; font-weight: bold; font-family: Wingdings;">&#167;&#160;&#160;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Management Risk</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The quantitative process used by the Adviser to select securities for the Fund&#8217;s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. 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PERFORMANCE <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.&#160;&#160;The Fund&#8217;s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.&#160;&#160;Updated performance information is available on the Fund&#8217;s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.</font> </div> Jensen Quality Value Fund - Class I Shares Annual Total Return as of December 31 0.0237 0.0769 ~ http://usbank.com/20130927/role/ScheduleAnnualTotalReturnsBarChart20009 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_I_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member column rr_ProspectusShareClassAxis compact ck0001141819_C000086400Member row primary compact * ~ highest quarterly return 0.0923 2011-12-31 lowest quarterly return -0.1395 2011-09-30 year-to-date return 0.2051 2013-06-30 <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund&#8217;s calendar year-to-date return as of June 30, 2013 was 20.51%. During the period of time shown in the bar chart, the Fund&#8217;s highest quarterly return was 9.23% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.95% for the quarter ended September 30, 2011.</font> </div> 0.0769 0.0482 Return Before Taxes 0.0725 0.0416 Return After Taxes on Distributions 0.0558 0.0401 Return After Taxes on Distributions and Sale of Fund Shares 0.1755 0.0922 Russell 3000&#174; Value Total Return Index (reflects no deductions for fees, expenses, or taxes) 2010-03-31 2010-03-31 ~ http://usbank.com/20130927/role/ScheduleAverageAnnualReturnsTransposed20010 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_I_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.&#160;&#160;Actual after-tax returns depend on each investor&#8217;s individual tax situation and may differ from those shown.&#160;&#160;Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (&#8220;IRAs&#8221;).</font> </div> Average Annual Total Returns For the Periods Ended December 31, 2012 (reflects no deductions for fees, expenses, or taxes) The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance. Actual after-tax returns depend on each investor's individual tax situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs"). The Fund's past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. www.jenseninvestment.com 800-992-4144 Portfolio Turnover <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160;&#160;A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.&#160;&#160;These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund&#8217;s performance.&#160;&#160;For the fiscal year ended May 31, 2013, the Fund&#8217;s portfolio turnover rate was <font style="DISPLAY: inline; FONT-FAMILY: times new roman">121.35</font>% of the average value of its portfolio.</font> </div> 1.2135 PRINCIPAL INVESTMENT STRATEGIES <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.&#160;&#160;These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.&#160;&#160;In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).&#160;&#160;Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.&#160;&#160;<font style="DISPLAY: inline">The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.</font></font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund&#8217;s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.&#160;&#160;Underpinnings of the Adviser&#8217;s investment philosophy are embedded in academic research, the Adviser&#8217;s history as an investor, and extensive back-testing of the investment universe.&#160;&#160;The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.&#160;&#160;The factors employed reflect the consistency of a company&#8217;s performance, its operating efficiency and the valuation of its stock.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Fund will sell an investment when the Adviser&#8217;s quarterly screening and ranking of all qualifying companies indicates that the company has dropped from the top third of the Fund&#8217;s investment universe, subject to the portfolio&#8217;s optimization to the Russell 3000<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">&#174;</font> Value Total Return Index.&#160;&#160;A company will also be sold if its fundamentals deteriorate, lowering its return on equity below 15%.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund strives to be fully invested at all times in publicly traded common stocks and other eligible equity securities issued by companies that meet the investment criteria described in this Prospectus.&#160;&#160;The Adviser may from time to time engage in active trading of the Fund&#8217;s portfolio investments to achieve the Fund&#8217;s investment objective.</font> </div> INVESTMENT OBJECTIVE <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The objective of the Fund is long-term capital appreciation.</font> </div> FEES AND EXPENSES OF THE FUND <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Fund.</font> </div> 0.0075 0.0096 0.0010 0.0181 -0.0071 0.0110 ~ http://usbank.com/20130927/role/ScheduleAnnualFundOperatingExpenses20007 column dei_DocumentInformationDocumentAxis compact ck0001141819_doc_Class_I_Shares_ProspectusMember column dei_LegalEntityAxis compact ck0001141819_S000028264Member row primary compact * ~ Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses. 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Class I Shares Prospectus | Jensen Quality Value Fund
Jensen Quality Value Fund
INVESTMENT OBJECTIVE
The objective of the Fund is long-term capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Fund.
Shareholder Fees (fees paid directly from your investment) None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class I Shares Prospectus
Jensen Quality Value Fund
Jensen Quality Value Fund - I Shares
Management Fees 0.75%
Other Expenses 0.96%
Shareholder Servicing Fees 0.10%
Total Annual Fund Operating Expenses [1] 1.81%
Fee Waiver/Expense Reimbursements (0.71%)
Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursements [2] 1.10%
[1] Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
[2] Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.10% of the Fund's average net assets attributable to Class I shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein.
Example
This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.  The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014. 
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example (USD $)
1 Year
3 Years
5 Years
10 Years
Class I Shares Prospectus Jensen Quality Value Fund Jensen Quality Value Fund - I Shares
112 476 891 2,048
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund’s performance.  For the fiscal year ended May 31, 2013, the Fund’s portfolio turnover rate was 121.35% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.  These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.  In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).  Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.  The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.

The Fund’s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.  Underpinnings of the Adviser’s investment philosophy are embedded in academic research, the Adviser’s history as an investor, and extensive back-testing of the investment universe.  The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.  The factors employed reflect the consistency of a company’s performance, its operating efficiency and the valuation of its stock.

The Fund will sell an investment when the Adviser’s quarterly screening and ranking of all qualifying companies indicates that the company has dropped from the top third of the Fund’s investment universe, subject to the portfolio’s optimization to the Russell 3000® Value Total Return Index.  A company will also be sold if its fundamentals deteriorate, lowering its return on equity below 15%.

The Fund strives to be fully invested at all times in publicly traded common stocks and other eligible equity securities issued by companies that meet the investment criteria described in this Prospectus.  The Adviser may from time to time engage in active trading of the Fund’s portfolio investments to achieve the Fund’s investment objective.
PRINCIPAL RISKS OF INVESTING IN THE FUND
Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.  Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.  The principal risks of investing in this Fund are:

§  
Stock Market Risk

The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder’s investment.

§  
Management Risk

The quantitative process used by the Adviser to select securities for the Fund’s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. Certain risks are inherent in the ownership of any security, and there is no assurance that the Fund’s investment objective will be achieved.

§  
Company and Sector Risk

The Fund’s investment strategy requires that a company selected for investment must, among other criteria and in the determination of the Adviser, have attained a return on equity of at least 15% per year for each of the prior 10 years.  Because of the relatively limited number of companies that have achieved this strong level of consistent, long term business performance, the Fund at times is prohibited from investing in certain companies and sectors that may be experiencing a shorter-term period of robust earnings growth. As a result, the Fund’s performance may trail the overall market over a short or extended period of time compared to what its performance may have been if the Fund was able to invest in such rapidly growing, non-qualifying companies.

§  
Large-Cap Company Risk

Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors.  Also, large-cap companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.

§  
Small-and Mid-Cap Company Risk

The securities of small-cap and mid-cap companies may be more volatile and less liquid than the securities of large-cap companies.

§  
Portfolio Turnover Risk

The Fund may trade actively and therefore experience a portfolio turnover rate of over 100%.  High portfolio turnover is likely to lead to increased Fund expenses, including brokerage commissions and other transaction costs.  A high portfolio turnover rate may also result in more capital gains, including short-term capital gains taxable to shareholders at ordinary income rates.  High portfolio turnover, as a result, may lead to lower after-tax investment returns.

Investment Suitability

The Fund is designed for long-term investors who are willing to accept short-term market price fluctuations.
PERFORMANCE
The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.  The Fund’s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.
Jensen Quality Value Fund - Class I Shares Annual Total Return as of December 31
Bar Chart
The Fund’s calendar year-to-date return as of June 30, 2013 was 20.51%. During the period of time shown in the bar chart, the Fund’s highest quarterly return was 9.23% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.95% for the quarter ended September 30, 2011.
Average Annual Total Returns For the Periods Ended December 31, 2012
Average Annual Returns Class I Shares Prospectus Jensen Quality Value Fund
Label
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Jensen Quality Value Fund - I Shares
Return Before Taxes 7.69% 4.82% Mar. 31, 2010
After Taxes on Distributions Jensen Quality Value Fund - I Shares
Return After Taxes on Distributions 7.25% 4.16%  
After Taxes on Distributions and Sale of Fund Shares Jensen Quality Value Fund - I Shares
Return After Taxes on Distributions and Sale of Fund Shares 5.58% 4.01%  
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes) 17.55% 9.22% Mar. 31, 2010
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on each investor’s individual tax situation and may differ from those shown.  Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).
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Prospectus Date rr_ProspectusDate Sep. 30, 2013
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Class J Shares Prospectus | Jensen Quality Value Fund
Jensen Quality Value Fund
INVESTMENT OBJECTIVE
The objective of the Fund is long-term capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold Class J shares of the Fund.
Shareholder Fees (fees paid directly from your investment) None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class J Shares Prospectus
Jensen Quality Value Fund
Jensen Quality Value Fund - J Shares
Management Fees 0.75%
Distribution and Shareholder Servicing (Rule 12b-1) Fees 0.25%
Other Expenses 1.04%
Total Annual Fund Operating Expenses [1] 2.04%
Fee Waiver/Expense Reimbursements 0.79%
Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursements [2] 1.25%
[1] Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
[2] Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.25% of the Fund's average net assets attributable to Class J shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein.
Example
This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.  The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014. 
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example (USD $)
1 Year
3 Years
5 Years
10 Years
Class J Shares Prospectus Jensen Quality Value Fund Jensen Quality Value Fund - J Shares
127 537 1,000 2,284
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund’s performance.  For the year ended May 31, 2013, the Fund’s portfolio turnover rate was 121.35% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.  These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.  In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).  Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.  The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.

The Fund’s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.  Underpinnings of the Adviser’s investment philosophy are embedded in academic research, the Adviser’s history as an investor, and extensive back-testing of the investment universe.  The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.  The factors employed reflect the consistency of a company’s performance, its operating efficiency and the valuation of its stock.

The Fund will sell an investment when the Adviser’s quarterly screening and ranking of all qualifying companies indicates that the company has dropped from the top third of the Fund’s investment universe, subject to the portfolio’s optimization to the Russell 3000® Total Return Value Index.  A company will also be sold if its fundamentals deteriorate, lowering its return on equity below 15%.

The Fund strives to be fully invested at all times in publicly traded common stocks and other eligible equity securities issued by companies that meet the investment criteria described in this Prospectus.  The Adviser may from time to time engage in active trading of the Fund’s portfolio investments to achieve the Fund’s investment objective.
PRINCIPAL RISKS OF INVESTING IN THE FUND
Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.  Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.  The principal risks of investing in this Fund are:

§  
Stock Market Risk

The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder’s investment.

§  
Management Risk

The quantitative process used by the Adviser to select securities for the Fund’s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. Certain risks are inherent in the ownership of any security, and there is no assurance that the Fund’s investment objective will be achieved.

§  
Company and Sector Risk

The Fund’s investment strategy requires that a company selected for investment must, among other criteria and in the determination of the Adviser, have attained a return on equity of at least 15% per year for each of the prior 10 years.  Because of the relatively limited number of companies that have achieved this strong level of consistent, long term business performance, the Fund at times is prohibited from investing in certain companies and sectors that may be experiencing a shorter-term period of robust earnings growth. As a result, the Fund’s performance may trail the overall market over a short or extended period of time compared to what its performance may have been if the Fund was able to invest in such rapidly growing, non-qualifying companies.

§  
Large-Cap Company Risk

Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors.  Also, large-cap companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.

§  
Small-and Mid-Cap Company Risk

The securities of small-cap and mid-cap companies may be more volatile and less liquid than the securities of large-cap companies.

§  
Portfolio Turnover Risk

The Fund may trade actively and therefore experience a portfolio turnover rate of over 100%.  High portfolio turnover is likely to lead to increased Fund expenses, including brokerage commissions and other transaction costs.  A high portfolio turnover rate may also result in more capital gains, including short-term capital gains taxable to shareholders at ordinary income rates.  High portfolio turnover, as a result, may lead to lower after-tax investment returns.

Investment Suitability

The Fund is designed for long-term investors who are willing to accept short-term market price fluctuations.
PERFORMANCE
The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.  The Fund’s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.
Jensen Quality Value Fund - Class J Shares Annual Total Return as of December 31
Bar Chart
The Fund’s calendar year-to-date return as of June 30, 2013 was 20.37%.  During the period of time shown in the bar chart, the Fund’s highest quarterly return was 9.17% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.99% for the quarter ended September 30, 2011.
Average Annual Total Returns For the Periods Ended December 31, 2012
Average Annual Returns Class J Shares Prospectus Jensen Quality Value Fund
Label
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Jensen Quality Value Fund - J Shares
Return Before Taxes 7.66% 4.67% Mar. 31, 2010
After Taxes on Distributions Jensen Quality Value Fund - J Shares
Return After Taxes on Distributions 7.26% 4.04%  
After Taxes on Distributions and Sale of Fund Shares Jensen Quality Value Fund - J Shares
Return After Taxes on Distributions and Sale of Fund Shares 5.52% 3.89%  
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes) 17.55% 9.22% Mar. 31, 2010
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on each investor’s individual tax situation and may differ from those shown.  Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Jensen Quality Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The objective of the Fund is long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment) None
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund’s performance.  For the fiscal year ended May 31, 2013, the Fund’s portfolio turnover rate was 121.35% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 121.35%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.  The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014. 
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.  These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.  In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).  Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.  The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.

The Fund’s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.  Underpinnings of the Adviser’s investment philosophy are embedded in academic research, the Adviser’s history as an investor, and extensive back-testing of the investment universe.  The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.  The factors employed reflect the consistency of a company’s performance, its operating efficiency and the valuation of its stock.

The Fund will sell an investment when the Adviser’s quarterly screening and ranking of all qualifying companies indicates that the company has dropped from the top third of the Fund’s investment universe, subject to the portfolio’s optimization to the Russell 3000® Value Total Return Index.  A company will also be sold if its fundamentals deteriorate, lowering its return on equity below 15%.

The Fund strives to be fully invested at all times in publicly traded common stocks and other eligible equity securities issued by companies that meet the investment criteria described in this Prospectus.  The Adviser may from time to time engage in active trading of the Fund’s portfolio investments to achieve the Fund’s investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.  Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.  The principal risks of investing in this Fund are:

§  
Stock Market Risk

The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder’s investment.

§  
Management Risk

The quantitative process used by the Adviser to select securities for the Fund’s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. Certain risks are inherent in the ownership of any security, and there is no assurance that the Fund’s investment objective will be achieved.

§  
Company and Sector Risk

The Fund’s investment strategy requires that a company selected for investment must, among other criteria and in the determination of the Adviser, have attained a return on equity of at least 15% per year for each of the prior 10 years.  Because of the relatively limited number of companies that have achieved this strong level of consistent, long term business performance, the Fund at times is prohibited from investing in certain companies and sectors that may be experiencing a shorter-term period of robust earnings growth. As a result, the Fund’s performance may trail the overall market over a short or extended period of time compared to what its performance may have been if the Fund was able to invest in such rapidly growing, non-qualifying companies.

§  
Large-Cap Company Risk

Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors.  Also, large-cap companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.

§  
Small-and Mid-Cap Company Risk

The securities of small-cap and mid-cap companies may be more volatile and less liquid than the securities of large-cap companies.

§  
Portfolio Turnover Risk

The Fund may trade actively and therefore experience a portfolio turnover rate of over 100%.  High portfolio turnover is likely to lead to increased Fund expenses, including brokerage commissions and other transaction costs.  A high portfolio turnover rate may also result in more capital gains, including short-term capital gains taxable to shareholders at ordinary income rates.  High portfolio turnover, as a result, may lead to lower after-tax investment returns.

Investment Suitability

The Fund is designed for long-term investors who are willing to accept short-term market price fluctuations.
Risk Lose Money [Text] rr_RiskLoseMoney Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.  The Fund’s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-992-4144
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jenseninvestment.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Jensen Quality Value Fund - Class I Shares Annual Total Return as of December 31
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
The Fund’s calendar year-to-date return as of June 30, 2013 was 20.51%. During the period of time shown in the bar chart, the Fund’s highest quarterly return was 9.23% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.95% for the quarter ended September 30, 2011.
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 20.51%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest quarterly return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.23%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest quarterly return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (13.95%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on each investor's individual tax situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs").
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on each investor’s individual tax situation and may differ from those shown.  Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns For the Periods Ended December 31, 2012
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.55%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.22%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2010
Jensen Quality Value Fund - I Shares
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Shareholder Servicing Fees rr_Component1OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.96%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.81% [1]
Fee Waiver/Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.71%)
Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursements rr_NetExpensesOverAssets 1.10% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 476
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 891
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,048
Annual Return 2011 rr_AnnualReturn2011 2.37%
Annual Return 2012 rr_AnnualReturn2012 7.69%
Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.69%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.82%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2010
Jensen Quality Value Fund - I Shares | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.25%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.16%
Jensen Quality Value Fund - I Shares | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.58%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.01%
[1] Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
[2] Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.10% of the Fund's average net assets attributable to Class I shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein.
XML 16 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Jensen Quality Value Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The objective of the Fund is long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold Class J shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment) None
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may generate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These transaction costs, and potentially higher taxes, which are not reflected in the annual fund operating expenses or in the Example affect the Fund’s performance.  For the year ended May 31, 2013, the Fund’s portfolio turnover rate was 121.35% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 121.35%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.  The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through September 30, 2014. 
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
To achieve its objective, the Fund invests in equity securities of companies that satisfy the investment criteria described below.  These companies are selected from a universe of companies that have produced long-term records of consistently high returns on shareholder equity.  In order to qualify for this universe, each company must have a market capitalization of $1 billion or more, and a return on equity of 15% or greater in each of the last 10 years as determined by the Adviser (which for example, may include companies with negative equity resulting from debt-financing of large share repurchases).  Equity securities in which the Fund may invest as a principal strategy consist primarily of common stocks of U.S. companies.  The Adviser determines the companies that qualify for inclusion in the Fund's investable universe on an annual basis.

The Fund’s investment strategy is based on applying quantitative factors to this select universe of companies that are rooted in fundamentally-based investment principles.  Underpinnings of the Adviser’s investment philosophy are embedded in academic research, the Adviser’s history as an investor, and extensive back-testing of the investment universe.  The qualifying universe and the factors derived from the back-testing focus upon the long-term, past results of the companies and the expected long-term future results of their stocks.  The factors employed reflect the consistency of a company’s performance, its operating efficiency and the valuation of its stock.

The Fund will sell an investment when the Adviser’s quarterly screening and ranking of all qualifying companies indicates that the company has dropped from the top third of the Fund’s investment universe, subject to the portfolio’s optimization to the Russell 3000® Total Return Value Index.  A company will also be sold if its fundamentals deteriorate, lowering its return on equity below 15%.

The Fund strives to be fully invested at all times in publicly traded common stocks and other eligible equity securities issued by companies that meet the investment criteria described in this Prospectus.  The Adviser may from time to time engage in active trading of the Fund’s portfolio investments to achieve the Fund’s investment objective.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take.  Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.  The principal risks of investing in this Fund are:

§  
Stock Market Risk

The market value of stocks held by the Fund may decline over a short, or even an extended period of time, resulting in a decrease in the value of a shareholder’s investment.

§  
Management Risk

The quantitative process used by the Adviser to select securities for the Fund’s investment portfolio may not prove effective in that the investments chosen by the Adviser may not perform as anticipated. Certain risks are inherent in the ownership of any security, and there is no assurance that the Fund’s investment objective will be achieved.

§  
Company and Sector Risk

The Fund’s investment strategy requires that a company selected for investment must, among other criteria and in the determination of the Adviser, have attained a return on equity of at least 15% per year for each of the prior 10 years.  Because of the relatively limited number of companies that have achieved this strong level of consistent, long term business performance, the Fund at times is prohibited from investing in certain companies and sectors that may be experiencing a shorter-term period of robust earnings growth. As a result, the Fund’s performance may trail the overall market over a short or extended period of time compared to what its performance may have been if the Fund was able to invest in such rapidly growing, non-qualifying companies.

§  
Large-Cap Company Risk

Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors.  Also, large-cap companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.

§  
Small-and Mid-Cap Company Risk

The securities of small-cap and mid-cap companies may be more volatile and less liquid than the securities of large-cap companies.

§  
Portfolio Turnover Risk

The Fund may trade actively and therefore experience a portfolio turnover rate of over 100%.  High portfolio turnover is likely to lead to increased Fund expenses, including brokerage commissions and other transaction costs.  A high portfolio turnover rate may also result in more capital gains, including short-term capital gains taxable to shareholders at ordinary income rates.  High portfolio turnover, as a result, may lead to lower after-tax investment returns.

Investment Suitability

The Fund is designed for long-term investors who are willing to accept short-term market price fluctuations.
Risk Lose Money [Text] rr_RiskLoseMoney Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.  The Fund’s past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at www.jenseninvestment.com, or by calling the Fund toll-free at 800-992-4144.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual total returns for the one year and since inception periods compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-992-4144
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jenseninvestment.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance information, both before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Jensen Quality Value Fund - Class J Shares Annual Total Return as of December 31
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
The Fund’s calendar year-to-date return as of June 30, 2013 was 20.37%.  During the period of time shown in the bar chart, the Fund’s highest quarterly return was 9.17% for the quarter ended December 31, 2011, and the lowest quarterly return was -13.99% for the quarter ended September 30, 2011.
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 20.37%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest quarterly return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.17%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest quarterly return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (13.99%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on each investor's individual tax situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs").
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on each investor’s individual tax situation and may differ from those shown.  Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns For the Periods Ended December 31, 2012
Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 3000® Value Total Return Index (reflects no deductions for fees, expenses, or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.55%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.22%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2010
Jensen Quality Value Fund - J Shares
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.04% [1]
Fee Waiver/Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.79%)
Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursements rr_NetExpensesOverAssets 1.25% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 537
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,000
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,284
Annual Return 2011 rr_AnnualReturn2011 2.20%
Annual Return 2012 rr_AnnualReturn2012 7.66%
Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.66%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.67%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2010
Jensen Quality Value Fund - J Shares | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.26%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.04%
Jensen Quality Value Fund - J Shares | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.52%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 3.89%
[1] Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include the acquired fund fees and expenses.
[2] Pursuant to an operating expense limitation agreement between the Fund's investment adviser, Jensen Investment Management, Inc. (the "Adviser"), and the Fund, the Adviser has agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses do not exceed 1.25% of the Fund's average net assets attributable to Class J shares through September 30, 2014. This operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, subject to the limitation on the Fund's expenses described herein.
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Document and Entity Information
0 Months Ended
May 31, 2013
Risk/Return:  
Document Type 485BPOS
Document Period End Date May 31, 2013
Registrant Name TRUST FOR PROFESSIONAL MANAGERS
Central Index Key 0001141819
Amendment Flag false
Document Creation Date Sep. 27, 2013
Document Effective Date Sep. 30, 2013
Prospectus Date Sep. 30, 2013
Class J Shares Prospectus | Jensen Quality Value Fund | Jensen Quality Value Fund - J Shares
 
Risk/Return:  
Trading Symbol JNVSX
Class I Shares Prospectus | Jensen Quality Value Fund | Jensen Quality Value Fund - I Shares
 
Risk/Return:  
Trading Symbol JNVIX

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