Johnson Institutional Intermediate Bond Fund

Fact Sheet All Fund Documents

The goal of our Johnson Institutional Intermediate Bond Fund is to outperform the Bloomberg US Intermediate Government / Credit Bond Index over a full market cycle. Since the fixed income portion of a portfolio also serves as a risk diversifier to equity volatility, we believe it is essential to manage downside risk while pursuing consistent, long-term returns. Our disciplined process seeks to consistently outperform the Bloomberg US Intermediate Government / Credit Index without incurring unnecessary risks in the portfolio over time. Our objective is to deliver positive excess returns with comparable overall volatility to the market and robust downside risk management during difficult market periods.

Strategy Overview

Our primary objective across our suite of duration mandates is to outperform the market with comparable volatility by utilizing our proprietary quality-yield approach and the deep experience and continuity of our investment team.

Investment Philosophy

Johnson believes that bonds should offer investors reliability, especially during periods of economic and market stress. We believe combining both Quality and Yield may contribute to superior risk-adjusted returns. As a result, our strategy employs a quality yield approach.

Portfolio Overview

The cornerstones of our approach are to emphasize investment grade, non-government securities and capture the slope of the yield curve, focusing on building portfolios designed to offer a sustainable yield advantage over the benchmark. Investment decisions are made with respect to sector allocation, maturity structure and issue selection that seek to capture the relative value of the bond market for client portfolios.

Investment Guidelines

  • Benchmark: Bloomberg US Intermediate Government/Credit Index
  • Seeks to maintain 100% investment grade securities
  • Duration between 80% - 120% of benchmark
  • Diversification by sector, issuer and maturity
Ryan Martin
Meet the Portfolio Manager

R. Ryan Martin, CFA

Ryan currently serves as a Senior Portfolio Manager. Before joining the firm in 2015, he worked as an Associate Performance Analyst at Fort Washington Investment Advisors, as well as a Trading Support Associate at Eagle Asset Management. He received a Bachelor’s degree in Finance from Michigan State University. Ryan holds the Chartered Financial Analyst® (CFA®) designation and is a shareholder of the firm.

Read Bio

Fixed Income

We implement our proprietary Quality Yield investment approach across our suite of duration mandates with the objective of outperforming the market while maintaining a focus on downside risk management and comparable volatility.

Equity

Johnson Asset Management offers both enhanced return index capabilities and active equity solutions. We implement a repeatable and disciplined process that seeks to optimize return per unit of risk.

Mutual Funds

Johnson Asset Management’s Fixed Income and Equity solutions are accessible through our competitively priced mutual funds, which we have been providing institutional clients since 2000.

Disclaimer:

Investors should consider the investment objectives, risks, charges, and expenses of the Fund(s) before investing. The prospectus contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained at www.johnsonmutualfunds.com, or by calling, 800-541-0170, or 513-661-3100. Distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC. Johnson Asset Management and Johnson Investment Counsel, Inc, are not affiliated with Ultimus Fund Distributors, LLC.

Investing involves risk, including the possible loss of principal. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Diversification does not ensure a profit or guarantee against loss.

Please refer to the prospectus for each fund's specific risks.

Shares in the Fund may fluctuate, sometimes significantly, based on interest rates, market conditions, credit quality and other factors. In a rising interest rate environment, the value of an income fund is likely to fall. Generally, bond values will decline as interest rates rise. The market’s behavior is unpredictable and there can be no guarantee that the Fund will achieve its goal. The Fund’s performance could be affected if borrowers pay back principal on certain debt securities before or after the market anticipates such payments, shortening or lengthening their duration, and could magnify the effect of the rate increase on such security’s price. To the extent the Fund invests more heavily in particular bond market sectors, its performance will be especially sensitive to developments that significantly affect those sectors. When issued/ delayed delivery securities can have a leverage-like effect on the Fund, which may increase fluctuations in the Fund’s share price and may cause the Fund to liquidate positions when it may not be advantageous to do so to satisfy its purchase obligations. Fixed income investments are affected by a number of risks, including fluctuations in interest rates, credit risk, and prepayment risk. In general, as prevailing interest rates rise, fixed income prices will fall.

Definitions:

S&P 500 Index: An index of 500 leading U.S. public companies that is commonly used to represent the performance of the large-cap U.S. stock market.

Bloomberg US Intermediate Government/Credit Index: An index of investment-grade U.S. government and corporate bonds with intermediate-term maturities

Bloomberg US Aggregate Bond Index: A broad-based benchmark that measures the performance of the U.S. investment-grade taxable bond market, including government, corporate, mortgage-backed, and asset-backed securities.

ICE BofA US Govt & Corp 1-3 Yr Index: An index that measures the performance of U.S. dollar-denominated investment-grade government and corporate bonds with remaining maturities between one and three years.

Russell 2500 Index: A market capitalization-weighted index that measures the performance of small- and mid-cap U.S. companies, representing approximately the 2,500 smallest companies in the Russell 3000 Index.