Johnson Municipal Income Fund (JMUNX)

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Johnson Municipal Income Fund (JMUNX) is up 1.3% since the beginning of the year. JMUNX is currently trading at $16 per share. Investors who bought $1,000 worth of JMUNX shares 5 years ago would now be looking at an investment worth $1,021.

Johnson Municipal Income Fund (JMUNX) has returned 1.30% so far this year and 6.32% over the past 12 months. Over the last ten years, JMUNX has returned 1.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 16, 1994, JMUNX's average daily return is 0.00%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Sep 2022 at -3.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, JMUNX closed higher 41% of trading days. The best single day was Mar 25, 2020 with a return of +4.1%, while the worst single day was Apr 7, 2025 at -3.2%.

Johnson Municipal Income Fund has an annualized alpha of 1.25%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 16, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.33%) than losses (3.25%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

JMUNX has an expense ratio of 0.65%, placing it in the medium range.

JMUNX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Johnson Municipal Income Fund provided a 2.61% dividend yield over the last twelve months, with an annual payout of $0.43 per share.

The table displays the monthly dividend distributions for Johnson Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Johnson Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Johnson Municipal Income Fund was 13.08%, occurring on Oct 26, 2022. Recovery took 749 trading sessions.

The current Johnson Municipal Income Fund drawdown is 0.79%.

The chart below shows the rolling one-month volatility.