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.
Fund Family Johnson Mutual Funds
Category Muni Ohio
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol JMUNX
Index Bloomberg 5 Y Gen Obligation Muni Bond TR
JMUNX had a total return of 3.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.14%.
