JMUNX

About JMUNX

Johnson Municipal Income Fund is an open-end municipal bond mutual fund designed to provide a high level of income exempt from regular federal income tax, with a primary focus on securities issued by Ohio municipalities. According to its summary prospectus, the adviser invests mainly in investment-grade Ohio municipal bonds while seeking long-term capital preservation, resulting in a portfolio with intermediate interest-rate sensitivity and diversified exposure across local school districts, healthcare systems, water and sewer authorities, and higher education issuers. The fund has operated since 1994 and targets consistent tax-exempt distributions, reflected in a history of quarterly payouts. It emphasizes cost efficiency, with a stated net expense ratio of 0.30% in the prospectus, positioning it competitively within its category. Holdings commonly include general obligation and revenue bonds tied to essential-services infrastructure—such as hospital, water development, and education financing—supporting public projects across the state. Within the municipal market, Johnson Municipal Income Fund serves investors seeking state-specific tax-advantaged income and broad exposure to Ohio’s municipal credit ecosystem, benchmarked against the Bloomberg Municipal Bond Index in its disclosures.