Investment objective & strategy
As of April 30, 2025 · prospectusObjective. A high level of income over the long term consistent with preservation of capital.
Strategy. The funds strategy seeks to provide a diversified portfolio of investment grade bonds with aggregate risk, return, and income characteristics that are similar to those of 1-to-3-year bonds. Under normal market conditions, the fund invests at least 80% of its net assets, plus any amounts for borrowing, in a broad range of investment grade fixed income securities, including bonds, notes, domestic and foreign corporate and government securities, government agency securities, mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, municipal securities, and short-term obligations. The fund does not limit itself to securities of a particular maturity range but will normally seek to maintain a dollar weighted average duration between 1 to 3 years. Duration is a measure of the expected life of … The funds strategy seeks to provide a diversified portfolio of investment grade bonds with aggregate risk, return, and income characteristics that are similar to those of 1-to-3-year bonds. Under normal market conditions, the fund invests at least 80% of its net assets, plus any amounts for borrowing, in a broad range of investment grade fixed income securities, including bonds, notes, domestic and foreign corporate and government securities, government agency securities, mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, municipal securities, and short-term obligations. The fund does not limit itself to securities of a particular maturity range but will normally seek to maintain a dollar weighted average duration between 1 to 3 years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a securitys price to changes in interest rates. For example, the value of a portfolio of fixed income securities with an average duration of one year would generally be expected to decline by approximately 1% if interest rates rose by 1%.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $7.37M | 4.47% |
| US TREASURY N/B | — | $7.06M | 4.29% |
| ESSEX PORTFOLIO | — | $3.77M | 2.29% |
| US BANCORP | — | $3.53M | 2.14% |
| STARBUCKS CORP | — | $3.39M | 2.06% |
| AMERICAN EXPRESS | — | $3.27M | 1.99% |
| FNMA SUPER INT 15 YEAR 1.50%, DUE 10/01/2035 | — | $3.26M | 1.98% |
| JPMORGAN CHASE | — | $3.24M | 1.97% |
| NATL RURAL UTIL | — | $3.24M | 1.96% |
| WELLS FARGO CO | — | $3.21M | 1.95% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| JOHNSON ENHANCED RETURN FUND · JENHX | 51% | 0.35% |
| JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND · JIBEX, JIMEX | 13% | 0.25% |
| JOHNSON INSTITUTIONAL CORE BOND FUND · JIBFX, JIMFX | 9% | 0.25% |
Advisers
| Firm | Role |
|---|---|
| Johnson Investment Counsel, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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