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Johnson Municipal Income Fund
mutual fund
JMUNX
Payout Change
Pending
Price as of:
$16.27
-0.15
-0.91%
primary theme
Municipal Bond
share class
JMUNX (Mutual Fund)
Johnson Municipal Income Fund
Payout Change
Pending
Price as of:
$16.27
-0.15
-0.91%
primary theme
Municipal Bond
share class
JMUNX (Mutual Fund)
Johnson Municipal Income Fund
Payout Change
Pending
Price as of:
$16.27
-0.15
-0.91%
primary theme
Municipal Bond
share class
Name
As of 12/19/2024Price
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
Vitals
YTD Return
0.4%
1 yr return
0.6%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
0.6%
Net Assets
$183 M
Holdings in Top 10
20.5%
52 WEEK LOW AND HIGH
$16.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.11%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
JMUNX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.78%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameJohnson Municipal Income Fund
-
Fund Family NameJohnson Funds
-
Inception DateMay 16, 1994
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJason Jackman
Fund Description
Under normal market conditions, the fund will invest at least 80% of its net assets, plus any amount for borrowing, in investment grade municipal securities, the income from which is exempt from regular federal income tax. The Adviser primarily invests in Ohio municipal securities that provide income that is exempt from both Ohio and regular federal income tax.
The fund may concentrate its investments in a particular segment of the bond market. The fund does not limit itself to securities of a particular maturity range, however, a majority of its assets will typically be invested in intermediate to long-term maturities (3 years or longer).
JMUNX - Performance
Return Ranking - Trailing
| Period | JMUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -6.1% | 36.1% | 90.80% |
| 1 Yr | 0.6% | -6.0% | 38.2% | 90.33% |
| 3 Yr | -0.8%* | -11.5% | 5.9% | 54.23% |
| 5 Yr | 0.6%* | -7.2% | 1103.7% | 58.65% |
| 10 Yr | 1.5%* | -1.1% | 248.9% | 55.12% |
* Annualized
Return Ranking - Calendar
| Period | JMUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.8% | -1.4% | 41.0% | 49.49% |
| 2022 | -10.2% | -39.7% | 0.3% | 36.86% |
| 2021 | -1.6% | -5.6% | 6.9% | 95.19% |
| 2020 | 3.1% | -2.6% | 310.0% | 6.23% |
| 2019 | 3.6% | 0.0% | 26.0% | 60.33% |
Total Return Ranking - Trailing
| Period | JMUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -6.1% | 36.1% | 90.80% |
| 1 Yr | 0.6% | -6.0% | 38.2% | 90.33% |
| 3 Yr | -0.8%* | -11.5% | 5.9% | 54.23% |
| 5 Yr | 0.6%* | -7.2% | 1103.7% | 58.65% |
| 10 Yr | 1.5%* | -1.1% | 248.9% | 55.12% |
* Annualized
Total Return Ranking - Calendar
| Period | JMUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.8% | -1.3% | 41.0% | 48.48% |
| 2022 | -8.1% | -39.7% | 1.1% | 36.25% |
| 2021 | 0.3% | -4.8% | 23761504.0% | 80.34% |
| 2020 | 5.1% | -1.5% | 17057.9% | 13.94% |
| 2019 | 5.7% | 0.2% | 3514.6% | 70.84% |
NAV & Total Return History
JMUNX - Holdings
Concentration Analysis
| JMUNX | Category Low | Category High | JMUNX % Rank | |
|---|---|---|---|---|
| Net Assets | 183 M | 3.22 M | 71.9 B | 74.80% |
| Number of Holdings | 156 | 4 | 13418 | 71.79% |
| Net Assets in Top 10 | 36.3 M | -317 M | 3.09 B | 74.48% |
| Weighting of Top 10 | 20.45% | 1.8% | 100.3% | 39.11% |
Top 10 Holdings
- OHIO ST HIGHER EDL FAC COMMN 5%, DUE 11/01/2053 3.06%
- OHIO ST WTR DEV AUTH REV FRESH BDS 5%, DUE 06/01/2046 2.60%
- Ohio St. 4%, DUE 12/1/2046 2.18%
- FRANKLIN CO., OHIO, HOSPITAL, NATIOWIDE CHILDREN'S 5.00%, DUE 11/01/2048 2.02%
- COLUMBUS OHIO VARIOUS PURP UNLTD TAX 5%, DUE 04/01/2041 1.98%
- OHIO ST HOSP FAC REV REV REF BDS 4%, DUE 01/01/2036 1.77%
- MIAMI UNVERSITY, OHIO, GENERAL RECEIPTS, REVENUE, 4.00%, DUE 09/01/2045 1.77%
- FREDDIE MAC MULTIFAMILY VRD CERTIFICATES 2.55%, Due 06/15/2035 1.76%
- GRANDVIEW HEIGHTS OHIO GO 4%, DUE 12/01/2046 1.72%
- BOWLING GREEN UNIVERSITY, OHIO 4.00%, DUE 06/01/2045 1.60%
Asset Allocation
| Weighting | Return Low | Return High | JMUNX % Rank | |
|---|---|---|---|---|
| Bonds | 98.50% | 0.00% | 150.86% | 60.07% |
| Cash | 1.50% | -50.86% | 44.62% | 41.10% |
| Stocks | 0.00% | 0.00% | 99.77% | 29.40% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 18.67% |
| Other | 0.00% | -3.69% | 53.54% | 30.56% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 18.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JMUNX % Rank | |
|---|---|---|---|---|
| Municipal | 98.23% | 44.39% | 100.00% | 51.99% |
| Corporate | 0.90% | 0.00% | 9.41% | 3.37% |
| Cash & Equivalents | 0.10% | 0.00% | 44.41% | 50.50% |
| Derivative | 0.00% | -3.69% | 53.54% | 28.01% |
| Securitized | 0.00% | 0.00% | 5.93% | 19.29% |
| Government | 0.00% | 0.00% | 52.02% | 24.88% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JMUNX % Rank | |
|---|---|---|---|---|
| US | 98.50% | 0.00% | 142.23% | 57.76% |
| Non US | 0.00% | 0.00% | 23.89% | 22.63% |
JMUNX - Expenses
Operational Fees
| JMUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.30% | 0.01% | 8.02% | 93.75% |
| Management Fee | 0.30% | 0.00% | 1.20% | 15.77% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| JMUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| JMUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| JMUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.11% | 0.00% | 283.00% | 18.30% |
JMUNX - Distributions
Dividend Yield Analysis
| JMUNX | Category Low | Category High | JMUNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.21% | 0.00% | 14.51% | 37.11% |
Dividend Distribution Analysis
| JMUNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| JMUNX | Category Low | Category High | JMUNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.78% | -0.53% | 5.33% | 59.82% |
Capital Gain Distribution Analysis
| JMUNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.131 | OrdinaryDividend |
| Jun 26, 2024 | $0.131 | OrdinaryDividend |
| Mar 27, 2024 | $0.129 | OrdinaryDividend |
| Dec 28, 2023 | $0.149 | OrdinaryDividend |
| Sep 28, 2023 | $0.112 | OrdinaryDividend |
| Jun 29, 2023 | $0.105 | OrdinaryDividend |
| Mar 30, 2023 | $0.097 | OrdinaryDividend |
| Dec 29, 2022 | $0.106 | OrdinaryDividend |
| Sep 29, 2022 | $0.093 | OrdinaryDividend |
| Jun 29, 2022 | $0.091 | OrdinaryDividend |
| Mar 30, 2022 | $0.081 | OrdinaryDividend |
| Dec 30, 2021 | $0.113 | OrdinaryDividend |
| Sep 29, 2021 | $0.079 | OrdinaryDividend |
| Jun 29, 2021 | $0.078 | OrdinaryDividend |
| Mar 30, 2021 | $0.083 | OrdinaryDividend |
| Dec 30, 2020 | $0.104 | OrdinaryDividend |
| Sep 29, 2020 | $0.083 | OrdinaryDividend |
| Jun 29, 2020 | $0.081 | OrdinaryDividend |
| Mar 30, 2020 | $0.084 | OrdinaryDividend |
| Dec 30, 2019 | $0.080 | OrdinaryDividend |
| Dec 30, 2019 | $0.010 | CapitalGainShortTerm |
| Dec 30, 2019 | $0.021 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.082 | OrdinaryDividend |
| Jun 27, 2019 | $0.080 | OrdinaryDividend |
| Mar 28, 2019 | $0.081 | OrdinaryDividend |
| Dec 28, 2018 | $0.084 | OrdinaryDividend |
| Dec 28, 2018 | $0.006 | CapitalGainLongTerm |
| Sep 27, 2018 | $0.079 | OrdinaryDividend |
| Jun 28, 2018 | $0.080 | OrdinaryDividend |
| Mar 28, 2018 | $0.073 | OrdinaryDividend |
| Dec 28, 2017 | $0.074 | OrdinaryDividend |
| Dec 28, 2017 | $0.010 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.077 | OrdinaryDividend |
| Jun 29, 2017 | $0.079 | OrdinaryDividend |
| Mar 30, 2017 | $0.081 | OrdinaryDividend |
| Dec 29, 2016 | $0.077 | OrdinaryDividend |
| Sep 29, 2016 | $0.076 | OrdinaryDividend |
| Jun 29, 2016 | $0.079 | OrdinaryDividend |
| Mar 30, 2016 | $0.081 | OrdinaryDividend |
| Dec 30, 2015 | $0.087 | OrdinaryDividend |
| Dec 30, 2015 | $0.021 | CapitalGainLongTerm |
| Sep 29, 2015 | $0.083 | OrdinaryDividend |
| Jun 29, 2015 | $0.081 | OrdinaryDividend |
| Mar 30, 2015 | $0.090 | OrdinaryDividend |
| Dec 30, 2014 | $0.100 | OrdinaryDividend |
| Dec 30, 2014 | $0.032 | CapitalGainLongTerm |
| Sep 29, 2014 | $0.097 | OrdinaryDividend |
| Jun 27, 2014 | $0.091 | OrdinaryDividend |
| Mar 28, 2014 | $0.095 | OrdinaryDividend |
| Dec 31, 2013 | $0.092 | OrdinaryDividend |
| Dec 31, 2013 | $0.019 | CapitalGainLongTerm |
| Sep 27, 2013 | $0.092 | OrdinaryDividend |
| Jun 27, 2013 | $0.097 | OrdinaryDividend |
| Mar 27, 2013 | $0.095 | OrdinaryDividend |
JMUNX - Fund Manager Analysis
Managers
Jason Jackman
Start Date
Tenure
Tenure Rank
May 16, 1994
28.06
28.1%
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.
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
