Fund Evaluator:
Johnson Institutional Short Dur Bd I (JIBDX)
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Fund Details
Johnson Institutional Short Dur Bd I Overview
Johnson Institutional Short Dur Bd I (JIBDX) is an actively managed Taxable Bond Short-Term Bond fund. Johnson Mutual Funds launched the fund in 2000.
The investment seeks a high level of income over the long term consistent with preservation of capital. The fund invests at least 80% of its net assets, plus any amounts for borrowing, in a broad range of investment grade fixed income securities, including bonds, notes, domestic and foreign corporate and government securities, government agency securities, mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, municipal securities and short term obligations. It does not limit itself to securities of a particular maturity range but will normally seek to maintain a dollar weighted average duration between 1 and 3 years.
About Johnson Institutional Short Dur Bd I (JIBDX)
There are 5 members of the management team with an average tenure of 14.88 years: Michael Leisring (2003), Jason Jackman (2000), Brandon Zureick (2014), David Theobald (2016), Ryan Martin (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 1-3Y US Corp&Govt TR USD index with a weighting of 100%. Johnson Institutional Short Dur Bd I has 100 securities in its portfolio. The top 10 holdings constitute 24.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Johnson Institutional Short Dur Bd I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Johnson Institutional Short Dur Bd I has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.0% (96.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Johnson Institutional Short Dur Bd I has 4.1% of the portfolio in cash.
Assets Under Management
The fund has $153 million in total assets, which is below the $904 million average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JIBDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Johnson Institutional Short Dur Bd I expense ratio is below average compared to funds in the Short-Term Bond category. Johnson Institutional Short Dur Bd I has an expense ratio of 0.25%, which is 62% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Johnson Institutional Short Dur Bd I has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.
Recently, in the month of July 2026, Johnson Institutional Short Dur Bd I returned 0.1%, which earned it a grade of B, as the Short-Term Bond category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Johnson Institutional Short Dur Bd I has a trailing yield of 4.10%, which is below the 4.16% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Johnson Institutional Short Dur Bd I Grades
Year to date, the fund has returned 0.9%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 3.4% over the past year (grade of C), 4.7% over the past three years (grade of D) and 2.1% per year over the past five years (grade of D) and 2.1% per year over the past 10 years (grade of C).
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JIBDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JIBDX Return (NAV) | 0.1% | 0.4% | 3.4% | 4.7% | 2.1% | 2.1% |
| JIBDX Grade | B | C | C | D | D | C |
| +/- Category | 0.1% | 0.1% | -0.0% | -0.3% | -0.2% | -0.2% |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| JIBDX Tax Cost Ratio | na | na | 1.6% | 1.4% | 1.1% | 0.9% |
JIBDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JIBDX Return (NAV) | 0.9% | 5.9% | 4.3% | 4.8% | -4.3% | -0.9% | 3.9% | 4.7% | 1.2% | 1.5% | 1.7% |
| JIBDX Grade | C | C | D | D | B | F | C | C | B | C | D |
| +/- Category | 0.0% | 0.0% | -0.6% | -0.8% | 0.7% | -0.9% | -0.3% | -0.1% | 0.4% | -0.3% | -0.9% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.8% |
| Total Risk Index: | 0.15 - Low |
| Category Risk Index: | 0.91 - Above Average |
| Category Risk Grade: | D (61% Rank) |
| Beta: | 0.30 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $153 Mil |
| Fund Total Assets: | $ 154 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 36% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 25.9 years | |||
| Average Tenure: 14.9 years | |||
| Managers (Year): Jackman Jason (2000), Leisring Michael (2003), Zureick Brandon (2014), Theobald David (2016), Martin Ryan (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 100 |
| % in Top 10 Holdings: | 24.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 96.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.1% |
Purchase Information
| Fund Family: | Johnson Mutual Funds |
| Phone Number: | 800-541-0170 |
| Website: | www.johnsonmutualfunds.com |
| Status: | Open |
| Inception Date: | August 31, 2000 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.25% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Johnson Institutional Short Dur Bd I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
