JMUNX Fees and Costs — Johnson Municipal Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.30%. There are no sales loads or redemption fees. Portfolio turnover was 36%.
JMUNX Fees and Expenses
Annual operating expenses and sales charges of JMUNX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JMUNX Costs Over Time
On $10,000 invested in JMUNX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
JMUNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $139.3M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
JMUNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & CO., INC. | $15.4M | 14.79% |
| RBC CAPITAL MARKETS LLC | $14.7M | 14.11% |
| PNC INVESTMENTS LLC | $14.5M | 13.98% |
| ICE BONDS SECURITIES CORPORATION | $11.4M | 10.94% |
| BOFA SECURITIES, INC. | $10.3M | 9.94% |
| MARKETAXESS CORPORATION | $9.9M | 9.50% |
| ROBERT W. BAIRD & CO., INC. | $7.5M | 7.21% |
| WELLS FARGO SECURITIES, LLC | $7.2M | 6.92% |
| RAYMOND JAMES & ASSOCIATES, INC. | $6.7M | 6.49% |
| KEYBANC CAPITAL MARKETS, INC. | $6.4M | 6.12% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.