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 broad bond market indices. 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 4 to 8 years. Duration is a measure of the expected … 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 broad bond market indices. 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 4 to 8 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 | — | $96.20M | 5.14% |
| US TREASURY N/B | — | $68.81M | 3.68% |
| US TREASURY N/B | — | $66.62M | 3.56% |
| US TREASURY N/B | — | $65.05M | 3.48% |
| US TREASURY N/B | — | $60.45M | 3.23% |
| US TREASURY N/B | — | $53.83M | 2.88% |
| Federal Natl Mtg Assn Call 1.52% DUE 08/21/2035 | — | $43.52M | 2.33% |
| FLORIDA POWER & | — | $37.39M | 2.00% |
| US TREASURY N/B | — | $36.44M | 1.95% |
| BANK OF AMER CRP | — | $33.36M | 1.78% |
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 CORE PLUS BOND FUND · JCPLX | 30% | 0.45% |
| JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND · JIBEX, JIMEX | 20% | 0.25% |
| JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND · JIBDX, JIMDX | 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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