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Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Johnson Institutional Core Bond Fund

JIBFX | Fund

$13.90

$1.62 B

0.00%

0.30%

Vitals

YTD Return

-3.3%

1 yr return

-1.1%

3 Yr Avg Return

-3.9%

5 Yr Avg Return

0.0%

Net Assets

$1.62 B

Holdings in Top 10

35.6%

52 WEEK LOW AND HIGH

$13.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.67%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Johnson Institutional Core Bond Fund

JIBFX | Fund

$13.90

$1.62 B

0.00%

0.30%

JIBFX - Profile

Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Johnson Institutional Core Bond Fund
  • Fund Family Name
    Johnson Funds
  • Inception Date
    Oct 13, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Jackman

Fund Description

The Fund’s strategy seeks to provide a diversified portfolio of investment grade bonds with the aggregate risk, return and income characteristics that are similar to those of broad bond market indices. Under normal 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 (including securities issued by government agencies), 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 maintain a dollar weighted duration between 4 and 8 years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s 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 one percentage point.
Read More

JIBFX - Performance

Return Ranking - Trailing

Period JIBFX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -12.9% 2.8% 79.86%
1 Yr -1.1% -10.7% 10.3% 84.38%
3 Yr -3.9%* -11.0% 24.6% 63.90%
5 Yr 0.0%* -7.0% 190.4% 51.76%
10 Yr 1.2%* -2.6% 73.3% 44.61%

* Annualized

Return Ranking - Calendar

Period JIBFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -16.2% 8.1% 36.35%
2022 -15.7% -34.7% 131.9% 40.59%
2021 -3.7% -11.6% 4.4% 64.33%
2020 6.3% -10.1% 946.1% 15.15%
2019 5.9% -1.7% 16.9% 36.88%

Total Return Ranking - Trailing

Period JIBFX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -12.9% 2.8% 79.86%
1 Yr -1.1% -10.7% 10.3% 84.38%
3 Yr -3.9%* -11.0% 24.6% 63.90%
5 Yr 0.0%* -7.0% 190.4% 51.76%
10 Yr 1.2%* -2.6% 73.3% 44.61%

* Annualized

Total Return Ranking - Calendar

Period JIBFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -11.3% 11.0% 71.61%
2022 -13.7% -32.2% 131.9% 54.43%
2021 -2.0% -9.4% 9.2% 87.15%
2020 9.7% -1.9% 1009.0% 22.06%
2019 8.9% 1.1% 21668.0% 47.19%

NAV & Total Return History

JIBFX - Holdings

Concentration Analysis

JIBFX Category Low Category High JIBFX % Rank
Net Assets 1.62 B 2.9 M 314 B 46.71%
Number of Holdings 192 1 17889 86.14%
Net Assets in Top 10 577 M -106 M 36.5 B 40.81%
Weighting of Top 10 35.64% 4.4% 134.1% 23.54%

Top 10 Holdings

  1. US T-NOTE 3.375%, DUE 05/15/2033 5.45%
  2. US T-NOTE 3.5% due 02/15/2033 5.22%
  3. U.S. Treasury Notes 4.125, Due 11/15/2032 5.12%
  4. U.S. Treasury Bonds 2.375%, DUE 02/15/2042 4.75%
  5. U.S. Treasury Bonds 2.50%, DUE 02/15/2045 4.69%
  6. FHLMC SUPER 30Y FIXED 3% DUE 08/01/2052 2.43%
  7. U.S. Treasury Bonds 3.00%, Due 08/15/2047 2.14%
  8. U.S. TREASURY BONDS 2.50%, DUE 05/15/2046 2.05%
  9. FANNIE MAE SUPER LNG 30 YEAR 3%, DUE 04/01/2052 1.93%
  10. US TNOTE 3.875% DUE 08/15/2033 1.85%

Asset Allocation

Weighting Return Low Return High JIBFX % Rank
Bonds 		94.24% 0.00% 215.98% 50.83%
Other 		3.85% -13.23% 50.66% 53.00%
Cash 		1.37% -54.51% 79.52% 72.17%
Preferred Stocks 		0.54% 0.00% 74.68% 10.32%
Stocks 		0.00% 0.00% 99.93% 76.05%
Convertible Bonds 		0.00% 0.00% 7.93% 95.54%

Bond Sector Breakdown

Weighting Return Low Return High JIBFX % Rank
Corporate 		61.52% 0.00% 100.00% 2.48%
Government 		20.13% 0.00% 86.23% 59.90%
Securitized 		16.70% 0.00% 98.40% 86.83%
Municipal 		1.09% 0.00% 100.00% 26.73%
Cash & Equivalents 		0.59% 0.00% 76.23% 79.94%
Derivative 		0.00% -3.37% 50.66% 71.29%

Bond Geographic Breakdown

Weighting Return Low Return High JIBFX % Rank
US 		94.24% 0.00% 215.98% 45.53%
Non US 		0.00% 0.00% 39.04% 76.89%

JIBFX - Expenses

Operational Fees

JIBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 39.10% 91.67%
Management Fee 0.30% 0.00% 1.76% 33.57%
12b-1 Fee 0.00% 0.00% 1.00% 8.61%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

JIBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JIBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JIBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.67% 2.00% 493.39% 14.09%

JIBFX - Distributions

Dividend Yield Analysis

JIBFX Category Low Category High JIBFX % Rank
Dividend Yield 0.00% 0.00% 9.45% 78.61%

Dividend Distribution Analysis

JIBFX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

JIBFX Category Low Category High JIBFX % Rank
Net Income Ratio 1.51% -1.28% 4.79% 63.29%

Capital Gain Distribution Analysis

JIBFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

JIBFX - Fund Manager Analysis

Managers

Jason Jackman

Start Date

Tenure

Tenure Rank

Aug 31, 2000

21.76

21.8%

Jackman has been in fixed income analyst and other roles with Johnson Investment Counsel Inc for the past 11 years. Mr. Jackman is the President and Chief Investment Officer of the Adviser. He has been with the Adviser since 1993. He holds the chartered financial analyst designation.

Michael Leisring

Start Date

Tenure

Tenure Rank

Jul 31, 2003

18.85

18.9%

Mr. Leisring is a CFA charterholder and is the team leader of the Johnson Fixed Income Fund and Municipal Income Fund. Mr. Leisring is the Director of Fixed Income Department and has been member of the Portfolio Management teams for the Johnson Fixed Income, Municipal Income and JIC Institutional Funds since July 2003. He has been with the Adviser since 1999.

Brandon Zureick

Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Mr. Zureick joined Johnson Asset Management in 2011 and serves as a Director and Portfolio Manager. Brandon is also a Principal of the firm and serves as a member of the Fixed Income Strategy Team. His primary responsibilities include fixed income portfolio management and macro-economic strategy. Previously, Brandon held the position of Fixed Income Analyst & Trader. Prior to joining the firm, Brandon was a Portfolio Analyst for Robert W. Baird. He received a B.S. in Finance from University of Cincinnati and holds the Chartered Financial Analyst Designation.

David Theobald

Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Mr. Theobald joined Johnson Asset Management in 2013 and serves as a Senior Portfolio Manager. David is also a member of the Fixed Income Strategy Team. His primary responsibilities include fixed income portfolio management, trading and credit analysis, specializing in short duration securities. Previously, David held the position of Fixed Income Analyst. Prior to joining the firm, David held positions with Fort Washington Investment Advisors and Cincinnati Financial Corporation. He received a B.B.A. in Finance from the University of Cincinnati and holds the Chartered Financial Analyst designation.

Ryan Martin

Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Mr. Martin is a CFA charter holder and has been a team member for the Funds since 2022. He is currently a Portfolio Manager for the Adviser, and has been with the Adviser since 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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