Johnson Institutional Core Bond Fund Class I (JIBFX)

Overview

The described fund is a dynamic entity that specializes in the investment of a significant majority of its net assets, specifically at least 80%, along with any borrowed amounts, in a diverse range of investment-grade fixed-income securities. This assortment spans bonds, notes, and various securities, including those issued by domestic and foreign corporations, governments, government agencies, and entities involved in mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, and municipal securities, alongside short-term obligations. While the fund does not confine its investments to securities within a specific maturity range, it typically aims to manage a dollar-weighted average duration that falls between 3 and 5 years, showcasing its strategic approach to balancing risk and returns in its portfolio.

Products and Services

• Investment Grade Fixed Income Securities:

These are high-quality bonds and notes that exhibit lower risk of default, issued by various entities including domestic and foreign corporations and governments. This category forms the core of the fund's investment portfolio, aimed at providing stable returns to investors.

• Corporate and Government Securities:

The fund invests in securities issued by both corporate entities and government bodies. These investments offer a balance between risk and return, leveraging the stability of government securities versus the potentially higher yields of corporate bonds.

• Government Agency Securities:

These securities are issued or guaranteed by government agencies and are selected for their balance of safety and performance, contributing to the fund's diversified investment strategy.

• Mortgage-Backed Securities (MBS) and Collateralized Mortgage Obligations (CMO):

MBS and CMO investments represent interests in pools of mortgages. These are designed to provide regular income and are chosen based on their potential to meet the fund’s strategic return objectives within an acceptable level of risk.

• Asset-Backed Securities (ABS):

Similar to MBS, these securities are backed by financial assets other than real estate. The fund includes ABS in its portfolio to diversify its income sources and manage risk effectively.

• Municipal Securities:

The fund invests in securities issued by municipalities, which can offer tax-exempt interest. This component of the portfolio is designed to enhance after-tax returns for investors.

• Short-Term Obligations:

These are securities with shorter maturities that provide liquidity and stability to the fund’s portfolio, allowing it to meet its obligations and take advantage of investment opportunities as they arise.