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Morningstar

Johnson Core Plus Bond JCPLX

Morningstar Medalist Rating
Medalist Rating as of | See Johnson Investment Hub
  • NAV / 1-Day Return 12.49  /  0.32 %
  • Total Assets 20.0 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.46%
  • Effective Duration 6.54 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 1:37 AM GMT+0

Morningstar’s Analysis JCPLX

Will JCPLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JCPLX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the JCPLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of JCPLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An incline in People Pillar rating is the primary driver of Johnson Core Plus Bond's upgrade to a Morningstar Medalist Rating of Bronze from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers. The strategy changed its peer group in September, moving from the Intermediate Core-Plus Bond category to the Intermediate Core Bond Morningstar Category.

by Morningstar Manager Research
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Portfolio Holdings JCPLX

More JCPLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 64
  • Other Holdings 2
  • % Assets in Top 10 Holdings 28.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ultra 10 Year US Treasury Note Future Dec 23

4.65
892,500
Government

United States Treasury Bonds 2.375%

3.81
732,725
Government

Federal Home Loan Mortgage Corporation 3%

3.50
671,580
Securitized

United States Treasury Bonds 2.25%

3.29
631,206
Government

United States Treasury Bonds 2.5%

2.86
550,041
Government

United States Treasury Notes 2.875%

2.01
386,238
Government

Federal Home Loan Mortgage Corporation 3%

1.99
382,961
Securitized

Fnma Pass-Thru I 3%

1.96
377,231
Securitized

U.S. Bancorp. 3%

1.96
377,198
Corporate

United States Treasury Bonds 2%

1.94
372,387
Government