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 3-5-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 3 to 5 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 3-5-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 3 to 5 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 | — | $16.20M | 4.90% |
| US TREASURY N/B | — | $14.08M | 4.26% |
| US TREASURY N/B | — | $13.05M | 3.95% |
| US TREASURY N/B | — | $12.83M | 3.88% |
| US TREASURY N/B | — | $12.74M | 3.85% |
| US TREASURY N/B | — | $10.16M | 3.08% |
| US TREASURY N/B | — | $10.15M | 3.07% |
| US TREASURY N/B | — | $9.22M | 2.79% |
| US TREASURY N/B | — | $8.56M | 2.59% |
| US TREASURY N/B | — | $8.46M | 2.56% |
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 INSTITUTIONAL CORE BOND FUND · JIBFX, JIMFX | 20% | 0.25% |
| JOHNSON CORE PLUS BOND FUND · JCPLX | 19% | 0.45% |
| Fidelity Intermediate Treasury Bond Index Fund · FUAMX | 19% | 0.03% |
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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