# EDGAR Filing Document

**Accession Number:** 0000892657
**File Stem:** 0000910472-25-005154
**Filing Date:** 2025-12
**Character Count:** 158785
**Document Hash:** 3bdedcf14cd91caa1b0256e844da6ab4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005154.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005154

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHNSON MUTUAL FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000892657

**ORGANIZATION NAME:**
- **EIN:** 316455344
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07254
- **FILM NUMBER:** 251537243

**BUSINESS ADDRESS:**
- **STREET 1:** 3777 WEST FORK ROAD
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45247
- **BUSINESS PHONE:** 5136613100

**MAIL ADDRESS:**
- **STREET 1:** JOHNSON MUTUAL FUNDS TRUST
- **STREET 2:** 3777 WEST FORK ROAD
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45247

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHNSON INVESTMENT MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19930328

## Series and Classes Contracts Data

### Johnson International Fund (Series ID: S000024217)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000071343 | Johnson International Fund | JINTX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.9%** | **Shares** | **Value** |
| **Communications - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | &nbsp;&nbsp;61312 | &nbsp;&nbsp;$14904947 |
| **Consumer Discretionary - 9.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. <sup>(a)</sup> | &nbsp;&nbsp;91600 | &nbsp;&nbsp;20112612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts Co. | &nbsp;&nbsp;72000 | &nbsp;&nbsp;9979200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | &nbsp;&nbsp;50300 | &nbsp;&nbsp;12640893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McDonald's Corp. | &nbsp;&nbsp;42500 | &nbsp;&nbsp;12915325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TJX Cos., Inc. (The) | &nbsp;&nbsp;65485 | &nbsp;&nbsp;9465202 |
|  |  | &nbsp;&nbsp;65113232 |
| **Consumer Staples - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Co. (The) | &nbsp;&nbsp;214620 | &nbsp;&nbsp;14233598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PepsiCo, Inc. | &nbsp;&nbsp;79900 | &nbsp;&nbsp;11221156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble Co. (The) | &nbsp;&nbsp;36690 | &nbsp;&nbsp;5637419 |
|  |  | &nbsp;&nbsp;31092173 |
| **Energy - 7.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Co. | &nbsp;&nbsp;338000 | &nbsp;&nbsp;16467360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corp. | &nbsp;&nbsp;88510 | &nbsp;&nbsp;13744718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Cos., Inc. (The) | &nbsp;&nbsp;363800 | &nbsp;&nbsp;23046730 |
|  |  | &nbsp;&nbsp;53258808 |
| **Financials - 15.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Financial Group, Inc. | &nbsp;&nbsp;103400 | &nbsp;&nbsp;15067448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apollo Global Management, Inc. | &nbsp;&nbsp;99000 | &nbsp;&nbsp;13193730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Capital Holdings Ltd. | &nbsp;&nbsp;176450 | &nbsp;&nbsp;16903910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everest Group Ltd. | &nbsp;&nbsp;34200 | &nbsp;&nbsp;11977866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Horizon Corp. | &nbsp;&nbsp;688550 | &nbsp;&nbsp;15568116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;61600 | &nbsp;&nbsp;12414248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasdaq, Inc. | &nbsp;&nbsp;142400 | &nbsp;&nbsp;12595280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Willis Towers Watson plc | &nbsp;&nbsp;44870 | &nbsp;&nbsp;15500341 |
|  |  | &nbsp;&nbsp;113220939 |
| **Health Care - 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;105218 | &nbsp;&nbsp;14092899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cencora, Inc. | &nbsp;&nbsp;47900 | &nbsp;&nbsp;14970187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher Corp. | &nbsp;&nbsp;94043 | &nbsp;&nbsp;18644965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medtronic plc | &nbsp;&nbsp;108836 | &nbsp;&nbsp;10365541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stryker Corp. | &nbsp;&nbsp;37000 | &nbsp;&nbsp;13677790 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 96.9% (Continued)** | **Shares** | **Value** |
| **Health Care - 10.9% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoetis, Inc. | &nbsp;&nbsp;39792 | &nbsp;&nbsp;$5822365 |
|  |  | &nbsp;&nbsp;77573747 |
| **Industrials - 14.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp. - Class A | &nbsp;&nbsp;94000 | &nbsp;&nbsp;11632500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International, Inc. | &nbsp;&nbsp;61150 | &nbsp;&nbsp;12872075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEX Corp. | &nbsp;&nbsp;63000 | &nbsp;&nbsp;10253880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | &nbsp;&nbsp;52000 | &nbsp;&nbsp;13559520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordson Corp. | &nbsp;&nbsp;62750 | &nbsp;&nbsp;14241113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nVent Electric plc | &nbsp;&nbsp;249000 | &nbsp;&nbsp;24561360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | &nbsp;&nbsp;60500 | &nbsp;&nbsp;13360215 |
|  |  | &nbsp;&nbsp;100480663 |
| **Materials - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avery Dennison Corp. | &nbsp;&nbsp;75000 | &nbsp;&nbsp;12162750 |
| **Technology - 25.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture plc - Class A | &nbsp;&nbsp;52940 | &nbsp;&nbsp;13055004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe, Inc. <sup>(a)</sup> | &nbsp;&nbsp;31010 | &nbsp;&nbsp;10938777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc. | &nbsp;&nbsp;59200 | &nbsp;&nbsp;14545440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;61760 | &nbsp;&nbsp;15725949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding N.V. | &nbsp;&nbsp;18600 | &nbsp;&nbsp;18006474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit, Inc. | &nbsp;&nbsp;20950 | &nbsp;&nbsp;14306965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc. - Class A | &nbsp;&nbsp;24100 | &nbsp;&nbsp;13708321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;66160 | &nbsp;&nbsp;34267572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roper Technologies, Inc. | &nbsp;&nbsp;26000 | &nbsp;&nbsp;12965940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | &nbsp;&nbsp;40000 | &nbsp;&nbsp;11171600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp;62100 | &nbsp;&nbsp;21199698 |
|  |  | &nbsp;&nbsp;179891740 |
| **Utilities - 6.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alliant Energy Corp. | &nbsp;&nbsp;321910 | &nbsp;&nbsp;21699953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Electric Power Co., Inc. | &nbsp;&nbsp;188600 | &nbsp;&nbsp;21217500 |
|  |  | &nbsp;&nbsp;42917453 |
| **Total Common Stocks** (Cost $447,534,283) | **Total Common Stocks** (Cost $447,534,283) | &nbsp;&nbsp;$690616452 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** | **JOHNSON EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 3.1%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(b)</sup> <br> (Cost $21,987,776) | &nbsp;&nbsp;21987776 | &nbsp;&nbsp;$21987776 |
| **Investments at Value - 100.0%** (Cost $469,522,059) | **Investments at Value - 100.0%** (Cost $469,522,059) | &nbsp;&nbsp;$712604228 |
| **Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup>** | **Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup>** | &nbsp;&nbsp;261718 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$712865946 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| N.V. | - Naamloze Vennootschap |
| plc | - Public Limited Company |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.4%** | **Shares** | **Value** |
| **Communications - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York Times Co. (The) - Class A | &nbsp;&nbsp;31200 | &nbsp;&nbsp;$1790880 |
| **Consumer Discretionary - 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Floor & Decor Holdings, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;29900 | &nbsp;&nbsp;2203630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts Co. | &nbsp;&nbsp;18600 | &nbsp;&nbsp;2577960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corp. | &nbsp;&nbsp;49100 | &nbsp;&nbsp;1499514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ralph Lauren Corp. | &nbsp;&nbsp;6200 | &nbsp;&nbsp;1944072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rush Enterprises, Inc. - Class A | &nbsp;&nbsp;52200 | &nbsp;&nbsp;2791134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | &nbsp;&nbsp;11900 | &nbsp;&nbsp;1977185 |
|  |  | &nbsp;&nbsp;12993495 |
| **Consumer Staples - 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;17900 | &nbsp;&nbsp;1669175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;21000 | &nbsp;&nbsp;2460360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murphy USA, Inc. | &nbsp;&nbsp;5300 | &nbsp;&nbsp;2057778 |
|  |  | &nbsp;&nbsp;6187313 |
| **Energy - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corp. | &nbsp;&nbsp;154300 | &nbsp;&nbsp;2999592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc. | &nbsp;&nbsp;25000 | &nbsp;&nbsp;2826500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Kinect Corp. | &nbsp;&nbsp;99200 | &nbsp;&nbsp;2574240 |
|  |  | &nbsp;&nbsp;8400332 |
| **Financials - 12.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Financial Group, Inc. | &nbsp;&nbsp;21000 | &nbsp;&nbsp;3060120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrow Financial Corp. | &nbsp;&nbsp;54797 | &nbsp;&nbsp;1550755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Capital Holdings Ltd. | &nbsp;&nbsp;29200 | &nbsp;&nbsp;2797360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp, Inc. | &nbsp;&nbsp;22000 | &nbsp;&nbsp;2341900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everest Group Ltd. | &nbsp;&nbsp;6600 | &nbsp;&nbsp;2311518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HBT Financial, Inc. | &nbsp;&nbsp;88800 | &nbsp;&nbsp;2237760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEI Investments Co. | &nbsp;&nbsp;26000 | &nbsp;&nbsp;2206100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UMB Financial Corp. | &nbsp;&nbsp;19300 | &nbsp;&nbsp;2284155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Webster Financial Corp. | &nbsp;&nbsp;41000 | &nbsp;&nbsp;2437040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wintrust Financial Corp. | &nbsp;&nbsp;13400 | &nbsp;&nbsp;1774696 |
|  |  | &nbsp;&nbsp;23001404 |
| **Health Care - 13.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles River Laboratories International, Inc. <sup>(a)</sup> | &nbsp;&nbsp;18500 | &nbsp;&nbsp;2894510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemed Corp. | &nbsp;&nbsp;5000 | &nbsp;&nbsp;2238700 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.4% (Continued)** | **Shares** | **Value** |
| **Health Care - 13.8% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iRadimed Corp. | &nbsp;&nbsp;23000 | &nbsp;&nbsp;$1636680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals plc <sup>(a)</sup> | &nbsp;&nbsp;18900 | &nbsp;&nbsp;2491020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LeMaitre Vascular, Inc. | &nbsp;&nbsp;24800 | &nbsp;&nbsp;2170248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Option Care Health, Inc. <sup>(a)</sup> | &nbsp;&nbsp;100200 | &nbsp;&nbsp;2781552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QIAGEN N.V. | &nbsp;&nbsp;51041 | &nbsp;&nbsp;2280512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Diagnostics, Inc. | &nbsp;&nbsp;13400 | &nbsp;&nbsp;2553772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repligen Corp. <sup>(a)</sup> | &nbsp;&nbsp;9900 | &nbsp;&nbsp;1323333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Physical Therapy, Inc. | &nbsp;&nbsp;25800 | &nbsp;&nbsp;2191710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Health Services, Inc. - Class B | &nbsp;&nbsp;13800 | &nbsp;&nbsp;2821272 |
|  |  | &nbsp;&nbsp;25383309 |
| **Industrials - 18.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.O. Smith Corp. | &nbsp;&nbsp;36800 | &nbsp;&nbsp;2701488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Holdings, Inc. | &nbsp;&nbsp;24500 | &nbsp;&nbsp;2079560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Industrial Technologies, Inc. | &nbsp;&nbsp;11000 | &nbsp;&nbsp;2871550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Core & Main, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;38600 | &nbsp;&nbsp;2077838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Donaldson Co., Inc. | &nbsp;&nbsp;37300 | &nbsp;&nbsp;3053005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ESAB Corp. | &nbsp;&nbsp;24500 | &nbsp;&nbsp;2737630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gorman-Rupp Co. (The) | &nbsp;&nbsp;43500 | &nbsp;&nbsp;2018835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITT, Inc. | &nbsp;&nbsp;11200 | &nbsp;&nbsp;2002112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Littelfuse, Inc. | &nbsp;&nbsp;11000 | &nbsp;&nbsp;2849110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSI Industries, Inc. | &nbsp;&nbsp;105300 | &nbsp;&nbsp;2486133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordson Corp. | &nbsp;&nbsp;12300 | &nbsp;&nbsp;2791485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nVent Electric plc | &nbsp;&nbsp;31200 | &nbsp;&nbsp;3077568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TopBuild Corp. <sup>(a)</sup> | &nbsp;&nbsp;5000 | &nbsp;&nbsp;1954300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Watts Water Technologies, Inc. - Class A | &nbsp;&nbsp;6400 | &nbsp;&nbsp;1787392 |
|  |  | &nbsp;&nbsp;34488006 |
| **Materials - 10.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avery Dennison Corp. | &nbsp;&nbsp;16400 | &nbsp;&nbsp;2659588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Element Solutions, Inc. | &nbsp;&nbsp;100000 | &nbsp;&nbsp;2517000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.B. Fuller Co. | &nbsp;&nbsp;43700 | &nbsp;&nbsp;2590536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hawkins, Inc. | &nbsp;&nbsp;12900 | &nbsp;&nbsp;2357088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance, Inc. | &nbsp;&nbsp;9700 | &nbsp;&nbsp;2724051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RPM International, Inc. | &nbsp;&nbsp;19800 | &nbsp;&nbsp;2334024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UFP Industries, Inc. | &nbsp;&nbsp;23000 | &nbsp;&nbsp;2150270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UFP Technologies, Inc. <sup>(a)</sup> | &nbsp;&nbsp;9000 | &nbsp;&nbsp;1796400 |
|  |  | &nbsp;&nbsp;19128957 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.4% (Continued)** | **Shares** | **Value** |
| **Real Estate - 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Americold Realty Trust, Inc. | &nbsp;&nbsp;88200 | &nbsp;&nbsp;$1079568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jones Lang LaSalle, Inc. <sup>(a)</sup> | &nbsp;&nbsp;7900 | &nbsp;&nbsp;2356412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NNN REIT, Inc. | &nbsp;&nbsp;46900 | &nbsp;&nbsp;1996533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STAG Industrial, Inc. | &nbsp;&nbsp;37400 | &nbsp;&nbsp;1319846 |
|  |  | &nbsp;&nbsp;6752359 |
| **Technology - 21.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs Ltd. | &nbsp;&nbsp;17700 | &nbsp;&nbsp;1452285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appfolio, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;8800 | &nbsp;&nbsp;2425808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bentley Systems, Inc. - Class B | &nbsp;&nbsp;39200 | &nbsp;&nbsp;2018016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CACI International, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;4300 | &nbsp;&nbsp;2144754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC Intelligent Solutions Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;290800 | &nbsp;&nbsp;2649188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;62300 | &nbsp;&nbsp;1122646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dynatrace, Inc. <sup>(a)</sup> | &nbsp;&nbsp;51400 | &nbsp;&nbsp;2490330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fabrinet <sup>(a)</sup> | &nbsp;&nbsp;4500 | &nbsp;&nbsp;1640790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genpact Ltd. | &nbsp;&nbsp;48200 | &nbsp;&nbsp;2019098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Globant S.A. <sup>(a)</sup> | &nbsp;&nbsp;12000 | &nbsp;&nbsp;688560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICF International, Inc. | &nbsp;&nbsp;23500 | &nbsp;&nbsp;2180800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jack Henry & Associates, Inc. | &nbsp;&nbsp;14100 | &nbsp;&nbsp;2099913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MAXIMUS, Inc. | &nbsp;&nbsp;28100 | &nbsp;&nbsp;2567497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor Corp. <sup>(a)</sup> | &nbsp;&nbsp;52400 | &nbsp;&nbsp;2583844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paylocity Holding Corp. <sup>(a)</sup> | &nbsp;&nbsp;6900 | &nbsp;&nbsp;1098963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPS Commerce, Inc. <sup>(a)</sup> | &nbsp;&nbsp;24900 | &nbsp;&nbsp;2593086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX Corp. | &nbsp;&nbsp;17000 | &nbsp;&nbsp;2783750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies, Inc. <sup>(a)</sup> | &nbsp;&nbsp;2150 | &nbsp;&nbsp;1124794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WEX, Inc. <sup>(a)</sup> | &nbsp;&nbsp;8500 | &nbsp;&nbsp;1339005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zebra Technologies Corp. - Class A <sup>(a)</sup> | &nbsp;&nbsp;6300 | &nbsp;&nbsp;1872108 |
|  |  | &nbsp;&nbsp;38895235 |
| **Utilities - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atmos Energy Corp. | &nbsp;&nbsp;7600 | &nbsp;&nbsp;1297700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portland General Electric Co. | &nbsp;&nbsp;32200 | &nbsp;&nbsp;1416800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unitil Corp. | &nbsp;&nbsp;65500 | &nbsp;&nbsp;3134830 |
|  |  | &nbsp;&nbsp;5849330 |
| **Total Common Stocks** (Cost $153,784,635) | **Total Common Stocks** (Cost $153,784,635) | &nbsp;&nbsp;$182870620 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** | **JOHNSON OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 0.6%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(b)</sup> <br> (Cost $1,180,838) | &nbsp;&nbsp;1180838 | &nbsp;&nbsp;$1180838 |
| **Investments at Value - 100.0%** (Cost $154,965,473) | **Investments at Value - 100.0%** (Cost $154,965,473) | &nbsp;&nbsp;$184051458 |
| **Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup>** | **Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup>** | &nbsp;&nbsp;5241 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$184056699 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

---

| | |
|:---|:---|
| N.V. | - Naamloze Vennootschap |
| plc | - Public Limited Company |
| S.A. | - Societe Anonyme |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON INTERNATIONAL FUND** | **JOHNSON INTERNATIONAL FUND** | **JOHNSON INTERNATIONAL FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **MONEY MARKET FUNDS - 99.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(a)</sup> <br> (Cost $5,047,844) | &nbsp;&nbsp;5047844 | &nbsp;&nbsp;$5047844 |
| **Other Assets in Excess of Liabilities - 0.8%** | **Other Assets in Excess of Liabilities - 0.8%** | &nbsp;&nbsp;41673 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$5089517 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 63.1%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Finance - 28.9%** | **Finance - 28.9%** | **Finance - 28.9%** |  |  |
| Allstate Corp. (The) | 0.750% | 12/15/25 | &nbsp;&nbsp;$4642000 | &nbsp;&nbsp;$4608138 |
| American Express Co. | 1.650% | 11/04/26 | &nbsp;&nbsp;4725000 | &nbsp;&nbsp;4607790 |
| AON plc | 3.875% | 12/15/25 | &nbsp;&nbsp;4494000 | &nbsp;&nbsp;4485978 |
| Bank of America Corp. | 5.202% | 04/25/29 | &nbsp;&nbsp;5785000 | &nbsp;&nbsp;5929196 |
| Chubb INA Holdings, Inc. | 3.350% | 05/03/26 | &nbsp;&nbsp;4559000 | &nbsp;&nbsp;4535773 |
| Enterprise Products Operating, LLC | 5.050% | 01/10/26 | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;5009197 |
| Essex Portfolio, L.P. | 3.375% | 04/15/26 | &nbsp;&nbsp;3740000 | &nbsp;&nbsp;3719970 |
| Essex Portfolio, L.P. | 1.700% | 03/01/28 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;943423 |
| Fifth Third Bancorp (SOFR + 234) <sup>(a)</sup> | 6.339% | 07/27/29 | &nbsp;&nbsp;3895000 | &nbsp;&nbsp;4103575 |
| Huntington Bancshares, Inc. | 6.208% | 08/21/29 | &nbsp;&nbsp;4140000 | &nbsp;&nbsp;4356122 |
| JPMorgan Chase & Co. | 3.540% | 05/01/28 | &nbsp;&nbsp;3275000 | &nbsp;&nbsp;3245631 |
| JPMorgan Chase & Co. | 2.182% | 06/01/28 | &nbsp;&nbsp;2455000 | &nbsp;&nbsp;2379893 |
| KeyCorp, Series O | 4.150% | 10/29/25 | &nbsp;&nbsp;4562000 | &nbsp;&nbsp;4560763 |
| Morgan Stanley | 3.591% | 07/22/28 | &nbsp;&nbsp;5800000 | &nbsp;&nbsp;5738876 |
| MPLX, L.P. | 1.750% | 03/01/26 | &nbsp;&nbsp;4731000 | &nbsp;&nbsp;4681153 |
| National Retail Properties, Inc. | 4.000% | 11/15/25 | &nbsp;&nbsp;4560000 | &nbsp;&nbsp;4555292 |
| PNC Financial Services Group, Inc. (The) | 5.300% | 01/21/28 | &nbsp;&nbsp;4010000 | &nbsp;&nbsp;4069164 |
| PNC Financial Services Group, Inc. (The) | 4.050% | 07/26/28 | &nbsp;&nbsp;1195000 | &nbsp;&nbsp;1192231 |
| Truist Financial Corp., Series H | 3.875% | 03/19/29 | &nbsp;&nbsp;1555000 | &nbsp;&nbsp;1531574 |
| Truist Financial Corp. | 4.590% | 09/17/29 | &nbsp;&nbsp;3500000 | &nbsp;&nbsp;3523308 |
| Truist Financial Corp. | 2.250% | 03/11/30 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;911472 |
| U.S. Bancorp, Series MTN | 3.100% | 04/27/26 | &nbsp;&nbsp;4340000 | &nbsp;&nbsp;4314024 |
| U.S. Bancorp, Series Y | 3.000% | 07/30/29 | &nbsp;&nbsp;1360000 | &nbsp;&nbsp;1301735 |
| Wells Fargo & Co., Series M | 4.100% | 06/03/26 | &nbsp;&nbsp;4320000 | &nbsp;&nbsp;4313463 |
|  |  |  |  | &nbsp;&nbsp;88617741 |
| **Industrials - 21.6%** | **Industrials - 21.6%** | **Industrials - 21.6%** |  |  |
| Becton Dickinson & Co. | 3.700% | 06/06/27 | &nbsp;&nbsp;3835000 | &nbsp;&nbsp;3809538 |
| Cisco Systems, Inc. | 4.850% | 02/26/29 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4104960 |
| Dover Corp. | 3.150% | 11/15/25 | &nbsp;&nbsp;4515000 | &nbsp;&nbsp;4505307 |
| Home Depot, Inc. (The) | 4.750% | 06/25/29 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4098008 |
| Honeywell International, Inc. | 2.500% | 11/01/26 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1967859 |
| Johnson Controls International plc | 3.900% | 02/14/26 | &nbsp;&nbsp;4260000 | &nbsp;&nbsp;4250834 |
| Lowe's Companies, Inc. | 2.500% | 04/15/26 | &nbsp;&nbsp;4080000 | &nbsp;&nbsp;4046567 |
| Norfolk Southern Corp. | 2.900% | 06/15/26 | &nbsp;&nbsp;4450000 | &nbsp;&nbsp;4410438 |
| Parker-Hannifin Corp. | 4.250% | 09/15/27 | &nbsp;&nbsp;4505000 | &nbsp;&nbsp;4527187 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 63.1% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Industrials - 21.6% (Continued)** | **Industrials - 21.6% (Continued)** | **Industrials - 21.6% (Continued)** |  |  |
| Roper Technologies, Inc. | 1.400% | 09/15/27 | &nbsp;&nbsp;$1670000 | &nbsp;&nbsp;$1587677 |
| Starbucks Corp. | 4.850% | 02/08/27 | &nbsp;&nbsp;4095000 | &nbsp;&nbsp;4135539 |
| Target Corp. | 4.350% | 06/15/28 | &nbsp;&nbsp;1945000 | &nbsp;&nbsp;1964634 |
| Target Corp. | 3.375% | 04/15/29 | &nbsp;&nbsp;3679000 | &nbsp;&nbsp;3601786 |
| T-Mobile U.S., Inc. | 2.625% | 04/15/26 | &nbsp;&nbsp;4402000 | &nbsp;&nbsp;4364768 |
| Union Pacific Corp. | 3.950% | 09/10/28 | &nbsp;&nbsp;5546000 | &nbsp;&nbsp;5554614 |
| Verizon Communications, Inc. | 2.100% | 03/22/28 | &nbsp;&nbsp;4760000 | &nbsp;&nbsp;4539015 |
| Xylem, Inc. | 3.250% | 11/01/26 | &nbsp;&nbsp;3455000 | &nbsp;&nbsp;3419769 |
| Xylem, Inc. | 1.950% | 01/30/28 | &nbsp;&nbsp;1200000 | &nbsp;&nbsp;1144659 |
|  |  |  |  | &nbsp;&nbsp;66033159 |
| **Utilities - 12.6%** | **Utilities - 12.6%** | **Utilities - 12.6%** |  |  |
| Berkshire Hathaway, Inc. | 3.250% | 04/15/28 | &nbsp;&nbsp;2743000 | &nbsp;&nbsp;2693733 |
| Duke Energy Corp. | 2.650% | 09/01/26 | &nbsp;&nbsp;4610000 | &nbsp;&nbsp;4554098 |
| Emerson Electric Co. | 2.000% | 12/21/28 | &nbsp;&nbsp;5690000 | &nbsp;&nbsp;5355593 |
| Eversource Energy, Series AA | 4.750% | 05/15/26 | &nbsp;&nbsp;1225000 | &nbsp;&nbsp;1228549 |
| Eversource Energy, Series U | 1.400% | 08/15/26 | &nbsp;&nbsp;1685000 | &nbsp;&nbsp;1644472 |
| Eversource Energy, Series DD | 5.000% | 01/01/27 | &nbsp;&nbsp;1205000 | &nbsp;&nbsp;1216139 |
| Florida Power & Light Co. | 4.400% | 05/15/28 | &nbsp;&nbsp;4370000 | &nbsp;&nbsp;4418512 |
| Georgia Power Co., Series 2016-A | 3.250% | 04/01/26 | &nbsp;&nbsp;3986000 | &nbsp;&nbsp;3966546 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.400% | 02/07/28 | &nbsp;&nbsp;3955000 | &nbsp;&nbsp;3896693 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.700% | 03/15/29 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1969981 |
| Virginia Electric & Power Co., Series A | 3.150% | 01/15/26 | &nbsp;&nbsp;1080000 | &nbsp;&nbsp;1076387 |
| Virginia Electric & Power Co., Series A | 3.800% | 04/01/28 | &nbsp;&nbsp;3585000 | &nbsp;&nbsp;3569467 |
| Xcel Energy, Inc. | 4.000% | 06/15/28 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;2996734 |
|  |  |  |  | &nbsp;&nbsp;38586904 |
| **Total Corporate Bonds** (Cost $191,672,987) | **Total Corporate Bonds** (Cost $191,672,987) | **Total Corporate Bonds** (Cost $191,672,987) | **Total Corporate Bonds** (Cost $191,672,987) | &nbsp;&nbsp;$193237804 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.9%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 2.9%** | **Federal Home Loan Mortgage Corporation - 2.9%** | **Federal Home Loan Mortgage Corporation - 2.9%** | **Federal Home Loan Mortgage Corporation - 2.9%** |  |
| FHLMC, Series 4287, Class AB | 2.000% | 12/15/26 | &nbsp;&nbsp;$80696 | &nbsp;&nbsp;$79051 |
| FHLMC, Pool #J3-2364 | 2.500% | 11/01/28 | &nbsp;&nbsp;334101 | &nbsp;&nbsp;328274 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.9% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 2.9% (Continued)** | **Federal Home Loan Mortgage Corporation - 2.9% (Continued)** | **Federal Home Loan Mortgage Corporation - 2.9% (Continued)** | **Federal Home Loan Mortgage Corporation - 2.9% (Continued)** |  |
| FHLMC, Pool #ZS-7207 | 3.500% | 07/01/30 | &nbsp;&nbsp;$362915 | &nbsp;&nbsp;$359206 |
| FHLMC, Pool #G1-8642 | 3.500% | 04/01/32 | &nbsp;&nbsp;432158 | &nbsp;&nbsp;425851 |
| FHLMC, Pool #G1-6330 | 3.500% | 08/01/32 | &nbsp;&nbsp;415657 | &nbsp;&nbsp;410970 |
| FHLMC, Pool #SB-0380 | 3.500% | 02/01/34 | &nbsp;&nbsp;492640 | &nbsp;&nbsp;483397 |
| FHLMC, Series 5050, Class BG | 1.000% | 01/15/41 | &nbsp;&nbsp;501457 | &nbsp;&nbsp;457478 |
| FHLMC, Series 5902, Class XC | 1.500% | 01/15/41 | &nbsp;&nbsp;1404622 | &nbsp;&nbsp;1254770 |
| FHLMC, Series 4009, Class PA | 2.000% | 06/15/41 | &nbsp;&nbsp;130222 | &nbsp;&nbsp;126729 |
| FHLMC, Series 4709, Class EA | 3.000% | 01/15/46 | &nbsp;&nbsp;494940 | &nbsp;&nbsp;482004 |
| FHLMC, Series 5301, Class ED | 5.000% | 04/01/53 | &nbsp;&nbsp;4337269 | &nbsp;&nbsp;4378686 |
|  |  |  |  | &nbsp;&nbsp;8786416 |
| **Federal National Mortgage Association - 7.7%** | **Federal National Mortgage Association - 7.7%** | **Federal National Mortgage Association - 7.7%** | **Federal National Mortgage Association - 7.7%** |  |
| FNMA, Pool #AT2060 | 2.500% | 04/01/28 | &nbsp;&nbsp;287027 | &nbsp;&nbsp;282091 |
| FNMA, Pool #109745 | 3.540% | 10/01/28 | &nbsp;&nbsp;3936880 | &nbsp;&nbsp;3887689 |
| FNMA, Pool #BZ1051 | 4.780% | 06/01/29 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1023687 |
| FNMA, Pool #AL9230 | 3.500% | 12/01/29 | &nbsp;&nbsp;291129 | &nbsp;&nbsp;288599 |
| FNMA, Pool #FM1536 | 2.500% | 11/01/30 | &nbsp;&nbsp;104017 | &nbsp;&nbsp;102310 |
| FNMA, Series 2013-3, Class DK | 1.750% | 02/25/33 | &nbsp;&nbsp;328940 | &nbsp;&nbsp;310129 |
| FNMA, Pool #FM2287 | 4.500% | 03/01/34 | &nbsp;&nbsp;388532 | &nbsp;&nbsp;392541 |
| FNMA, Pool #FM2989 | 3.000% | 09/01/34 | &nbsp;&nbsp;550661 | &nbsp;&nbsp;536862 |
| FNMA, Pool #AL7077 | 4.000% | 07/01/35 | &nbsp;&nbsp;676523 | &nbsp;&nbsp;668696 |
| FNMA, Pool #833200 | 5.500% | 09/01/35 | &nbsp;&nbsp;146597 | &nbsp;&nbsp;152186 |
| FNMA, Pool #CA7891 | 1.500% | 11/01/35 | &nbsp;&nbsp;3577710 | &nbsp;&nbsp;3253978 |
| FNMA, Series 2020-044, Class TE | 2.000% | 12/25/35 | &nbsp;&nbsp;1218706 | &nbsp;&nbsp;1135303 |
| FNMA, Pool #MA4330 | 2.500% | 05/01/36 | &nbsp;&nbsp;2546333 | &nbsp;&nbsp;2401626 |
| FNMA, Series FM8444 | 2.000% | 06/01/36 | &nbsp;&nbsp;1772897 | &nbsp;&nbsp;1642164 |
| FNMA, Pool #FM2293 | 4.000% | 09/01/36 | &nbsp;&nbsp;1263064 | &nbsp;&nbsp;1246575 |
| FNMA, Pool #FS6096 | 2.000% | 03/01/37 | &nbsp;&nbsp;3385393 | &nbsp;&nbsp;3142189 |
| FNMA, Pool #FM7224 | 4.500% | 11/01/38 | &nbsp;&nbsp;587503 | &nbsp;&nbsp;589973 |
| FNMA, Pool #AJ7509 (RFUCCT1Y + 178) <sup>(a)</sup> | 6.405% | 12/01/41 | &nbsp;&nbsp;12329 | &nbsp;&nbsp;12447 |
| FNMA, Series 2013-6, Class BC | 1.500% | 12/25/42 | &nbsp;&nbsp;13924 | &nbsp;&nbsp;13746 |
| FNMA, Series 2015-28, Class P | 2.500% | 05/25/45 | &nbsp;&nbsp;1579116 | &nbsp;&nbsp;1474023 |
| FNMA, Series 2020-95, Class GA | 1.000% | 01/25/51 | &nbsp;&nbsp;1318788 | &nbsp;&nbsp;1013376 |
|  |  |  |  | &nbsp;&nbsp;23570190 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.9% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Government National Mortgage Association - 1.3%** | **Government National Mortgage Association - 1.3%** | **Government National Mortgage Association - 1.3%** | **Government National Mortgage Association - 1.3%** |  |
| GNMA, Series 2024-126, Class BP | 2.250% | 10/20/44 | &nbsp;&nbsp;$4422324 | &nbsp;&nbsp;$4043912 |
| **Total Collateralized Mortgage Obligations** (Cost $37,216,678) | **Total Collateralized Mortgage Obligations** (Cost $37,216,678) | **Total Collateralized Mortgage Obligations** (Cost $37,216,678) | **Total Collateralized Mortgage Obligations** (Cost $37,216,678) | &nbsp;&nbsp;$36400518 |
| **MUNICIPAL BONDS - 1.2%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Houston Texas Utility System Revenue | 1.516% | 11/15/28 | &nbsp;&nbsp;$940000 | &nbsp;&nbsp;$874786 |
| Wisconsin State General Fund Annual Appropriation Revenue | 2.196% | 05/01/27 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;2924604 |
| **Total Municipal Bonds** (Cost $3,759,766) | **Total Municipal Bonds** (Cost $3,759,766) | **Total Municipal Bonds** (Cost $3,759,766) | **Total Municipal Bonds** (Cost $3,759,766) | &nbsp;&nbsp;$3799390 |
| **U.S. GOVERNMENT & AGENCIES - 2.9%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Farm Credit Bank - 0.6%** | **Federal Farm Credit Bank - 0.6%** | **Federal Farm Credit Bank - 0.6%** | **Federal Farm Credit Bank - 0.6%** |  |
| FFCB | 4.750% | 10/13/27 | &nbsp;&nbsp;$2000000 | &nbsp;&nbsp;$2041110 |
| **Federal Home Loan Mortgage Corporation - 2.3%** | **Federal Home Loan Mortgage Corporation - 2.3%** | **Federal Home Loan Mortgage Corporation - 2.3%** | **Federal Home Loan Mortgage Corporation - 2.3%** |  |
| FHLMC | 4.500% | 11/01/29 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4034218 |
| FHLMC | 2.500% | 02/01/35 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;2920055 |
|  |  |  |  | &nbsp;&nbsp;6954273 |
| **Total U.S. Government & Agencies** (Cost $8,947,526) | **Total U.S. Government & Agencies** (Cost $8,947,526) | **Total U.S. Government & Agencies** (Cost $8,947,526) | **Total U.S. Government & Agencies** (Cost $8,947,526) | &nbsp;&nbsp;$8995383 |
| **U.S. TREASURY OBLIGATIONS - 18.0%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Notes - 18.0%** | **U.S. Treasury Notes - 18.0%** | **U.S. Treasury Notes - 18.0%** | **U.S. Treasury Notes - 18.0%** |  |
| U.S. Treasury Notes | 4.500% | 11/15/25 | &nbsp;&nbsp;$5000000 | &nbsp;&nbsp;$5001953 |
| U.S. Treasury Notes <sup>(b)</sup> | 1.625% | 05/15/26 | &nbsp;&nbsp;3500000 | &nbsp;&nbsp;3453379 |
| U.S. Treasury Notes <sup>(a)</sup> | 4.058% | 04/30/27 | &nbsp;&nbsp;2100000 | &nbsp;&nbsp;2098906 |
| U.S. Treasury Notes <sup>(b)</sup> | 2.750% | 07/31/27 | &nbsp;&nbsp;9100000 | &nbsp;&nbsp;8957812 |
| U.S. Treasury Notes <sup>(b)</sup> | 2.750% | 02/15/28 | &nbsp;&nbsp;11950000 | &nbsp;&nbsp;11713801 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **U.S. TREASURY OBLIGATIONS - 18.0% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Notes - 18.0% (Continued)** | **U.S. Treasury Notes - 18.0% (Continued)** | **U.S. Treasury Notes - 18.0% (Continued)** | **U.S. Treasury Notes - 18.0% (Continued)** |  |
| U.S. Treasury Notes <sup>(b)</sup> | 2.375% | 05/15/29 | &nbsp;&nbsp;$10510000 | &nbsp;&nbsp;$10052651 |
| U.S. Treasury Notes <sup>(b)</sup> | 1.500% | 02/15/30 | &nbsp;&nbsp;15090000 | &nbsp;&nbsp;13760194 |
| **Total U.S. Treasury Obligations** (Cost $54,716,798) | **Total U.S. Treasury Obligations** (Cost $54,716,798) | **Total U.S. Treasury Obligations** (Cost $54,716,798) | **Total U.S. Treasury Obligations** (Cost $54,716,798) | &nbsp;&nbsp;$55038696 |
| **MONEY MARKET FUNDS - 1.8%** | **MONEY MARKET FUNDS - 1.8%** | **MONEY MARKET FUNDS - 1.8%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(c)</sup> <br> (Cost $5,462,060) | First American Government Obligations Fund - Class Z, 4.01% <sup>(c)</sup> <br> (Cost $5,462,060) | First American Government Obligations Fund - Class Z, 4.01% <sup>(c)</sup> <br> (Cost $5,462,060) | &nbsp;&nbsp;5462060 | &nbsp;&nbsp;$5462060 |
| **Investments at Value - 98.9%** (Cost $301,775,815) | **Investments at Value - 98.9%** (Cost $301,775,815) | **Investments at Value - 98.9%** (Cost $301,775,815) | **Investments at Value - 98.9%** (Cost $301,775,815) | &nbsp;&nbsp;$302933851 |
| **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | &nbsp;&nbsp;3442370 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$306376221 |

---

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

<sup>(b)</sup> All or a portion of the security is segregated as collateral on futures contracts. The total fair value of collateral as of September 30, 2025 is $22,261,320.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | |
|:---|:---|
| plc | - Public Limited Company |
| RFUCCT | - Refinitiv USD IBOR Cash Fallbacks |
| SOFR | - Secured Overnight Financing Rate |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | **JOHNSON ENHANCED RETURN FUND** | | |
| **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | | |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | | |
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value at Purchase** | <br>**Notional Value** | <br>**Value/Unrealized Appreciation** |
| **Index Futures** | **Index Futures** | **Index Futures** | **Index Futures** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Mini S&P 500 Future | 903 | 12/19/2025 | $298367665 | &nbsp;&nbsp;$30425456 | &nbsp;&nbsp;$5886898 |
| The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $277,359,817. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 46.0%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Finance - 19.5%** | **Finance - 19.5%** | **Finance - 19.5%** |  |  |
| Allstate Corp. (The) | 5.250% | 03/30/33 | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$31113823 |
| American Express Co. | 5.532% | 04/25/30 | &nbsp;&nbsp;28985000 | &nbsp;&nbsp;30280457 |
| American Express Co. | 6.489% | 10/30/31 | &nbsp;&nbsp;6500000 | &nbsp;&nbsp;7122076 |
| AON Corp. | 3.750% | 05/02/29 | &nbsp;&nbsp;11646000 | &nbsp;&nbsp;11476038 |
| Bank of America Corp. | 5.202% | 04/25/29 | &nbsp;&nbsp;32890000 | &nbsp;&nbsp;33709810 |
| Bank of New York Mellon Corp. (The), Series J | 6.317% | 10/25/29 | &nbsp;&nbsp;9017000 | &nbsp;&nbsp;9595010 |
| Bank of New York Mellon Corp. (The), Series J | 4.289% | 06/13/33 | &nbsp;&nbsp;16000000 | &nbsp;&nbsp;15744564 |
| Essex Portfolio, L.P. | 3.000% | 01/15/30 | &nbsp;&nbsp;9666000 | &nbsp;&nbsp;9154274 |
| Essex Property Trust, Inc. | 3.625% | 05/01/27 | &nbsp;&nbsp;2298000 | &nbsp;&nbsp;2281793 |
| Fifth Third Bancorp (SOFR + 234) <sup>(a)</sup> | 6.339% | 07/27/29 | &nbsp;&nbsp;26956000 | &nbsp;&nbsp;28399481 |
| Huntington Bancshares, Inc. | 4.443% | 08/04/28 | &nbsp;&nbsp;7655000 | &nbsp;&nbsp;7690260 |
| Huntington Bancshares, Inc. | 6.208% | 08/21/29 | &nbsp;&nbsp;2830000 | &nbsp;&nbsp;2977736 |
| Huntington Bancshares, Inc. | 2.550% | 02/04/30 | &nbsp;&nbsp;11628000 | &nbsp;&nbsp;10764535 |
| JPMorgan Chase & Co. (SOFR + 379) <sup>(a)</sup> | 4.493% | 03/24/31 | &nbsp;&nbsp;7660000 | &nbsp;&nbsp;7731390 |
| KeyCorp, Series O | 4.100% | 04/30/28 | &nbsp;&nbsp;3810000 | &nbsp;&nbsp;3804694 |
| KeyCorp | 2.550% | 10/01/29 | &nbsp;&nbsp;7755000 | &nbsp;&nbsp;7262939 |
| KeyCorp, Series S | 5.121% | 04/04/31 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;2053591 |
| PNC Financial Services Group, Inc. (The) | 2.307% | 04/23/32 | &nbsp;&nbsp;6000000 | &nbsp;&nbsp;5353853 |
| PNC Financial Services Group, Inc. (The) | 5.939% | 08/18/34 | &nbsp;&nbsp;15605000 | &nbsp;&nbsp;16739078 |
| Prologis, Inc. | 5.125% | 01/15/34 | &nbsp;&nbsp;10060000 | &nbsp;&nbsp;10333049 |
| Truist Financial Corp. | 2.250% | 03/11/30 | &nbsp;&nbsp;22716000 | &nbsp;&nbsp;20704991 |
| Truist Financial Corp., Series G | 6.123% | 10/28/33 | &nbsp;&nbsp;6265000 | &nbsp;&nbsp;6746607 |
| Truist Financial Corp. | 5.122% | 01/26/34 | &nbsp;&nbsp;12305000 | &nbsp;&nbsp;12476285 |
| U.S. Bancorp, Series Y | 3.000% | 07/30/29 | &nbsp;&nbsp;16755000 | &nbsp;&nbsp;16037180 |
| U.S. Bancorp, Series BB | 4.967% | 07/22/33 | &nbsp;&nbsp;11985000 | &nbsp;&nbsp;12040396 |
| U.S. Bancorp, Series AA | 5.850% | 10/21/33 | &nbsp;&nbsp;11975000 | &nbsp;&nbsp;12766785 |
| Wells Fargo & Co., Series M | 4.100% | 06/03/26 | &nbsp;&nbsp;15315000 | &nbsp;&nbsp;15291827 |
| Wells Fargo & Co., Series O | 4.300% | 07/22/27 | &nbsp;&nbsp;14199000 | &nbsp;&nbsp;14249509 |
| Wells Fargo & Co., Series Q <br> (TSFR3M + 157.2) <sup>(a)</sup> | 3.584% | 05/22/28 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1981571 |
|  |  |  |  | &nbsp;&nbsp;365883602 |
| **Industrials - 14.7%** | **Industrials - 14.7%** | **Industrials - 14.7%** |  |  |
| Air Products and Chemicals, Inc. | 4.850% | 02/08/34 | &nbsp;&nbsp;14470000 | &nbsp;&nbsp;14695234 |
| Becton Dickinson & Co. | 3.700% | 06/06/27 | &nbsp;&nbsp;9500000 | &nbsp;&nbsp;9436925 |
| Becton Dickinson & Co. | 2.823% | 05/20/30 | &nbsp;&nbsp;14950000 | &nbsp;&nbsp;14021328 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 46.0% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Industrials - 14.7% (Continued)** | **Industrials - 14.7% (Continued)** | **Industrials - 14.7% (Continued)** |  |  |
| Cisco Systems, Inc. | 4.850% | 02/26/29 | &nbsp;&nbsp;$3000000 | &nbsp;&nbsp;$3078720 |
| Cisco Systems, Inc. | 5.050% | 02/26/34 | &nbsp;&nbsp;19625000 | &nbsp;&nbsp;20294049 |
| CVS Health Corp. | 4.300% | 03/25/28 | &nbsp;&nbsp;19133000 | &nbsp;&nbsp;19144735 |
| Dover Corp. | 3.150% | 11/15/25 | &nbsp;&nbsp;3302000 | &nbsp;&nbsp;3294911 |
| Dover Corp. | 2.950% | 11/04/29 | &nbsp;&nbsp;25499000 | &nbsp;&nbsp;24254806 |
| Duke Energy Corp. | 2.450% | 06/01/30 | &nbsp;&nbsp;21000000 | &nbsp;&nbsp;19343718 |
| Honeywell International, Inc. | 5.000% | 02/15/33 | &nbsp;&nbsp;22000000 | &nbsp;&nbsp;22614356 |
| Honeywell International, Inc. | 5.000% | 03/01/35 | &nbsp;&nbsp;11580000 | &nbsp;&nbsp;11760664 |
| Johnson Controls International plc | 3.900% | 02/14/26 | &nbsp;&nbsp;6430000 | &nbsp;&nbsp;6416165 |
| Johnson Controls International plc | 4.900% | 12/01/32 | &nbsp;&nbsp;9870000 | &nbsp;&nbsp;10054257 |
| Kroger Co. (The) | 2.200% | 05/01/30 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;914618 |
| Lowes Cos., Inc. | 4.500% | 04/15/30 | &nbsp;&nbsp;5072000 | &nbsp;&nbsp;5136547 |
| Parker-Hannifin Corp. | 3.250% | 03/01/27 | &nbsp;&nbsp;8710000 | &nbsp;&nbsp;8619994 |
| Parker-Hannifin Corp. | 4.250% | 09/15/27 | &nbsp;&nbsp;16331000 | &nbsp;&nbsp;16411430 |
| PepsiCo, Inc., Series 2020 D | 5.000% | 02/07/35 | &nbsp;&nbsp;4250000 | &nbsp;&nbsp;4347307 |
| Target Corp. | 3.375% | 04/15/29 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1958024 |
| Target Corp. | 5.000% | 04/15/35 | &nbsp;&nbsp;7000000 | &nbsp;&nbsp;7086248 |
| Verizon Communications, Inc. | 4.016% | 12/03/29 | &nbsp;&nbsp;28496000 | &nbsp;&nbsp;28298706 |
| Walmart, Inc. | 4.900% | 04/28/35 | &nbsp;&nbsp;9674000 | &nbsp;&nbsp;9940233 |
| Xylem, Inc. | 1.950% | 01/30/28 | &nbsp;&nbsp;5250000 | &nbsp;&nbsp;5007886 |
| Xylem, Inc. | 2.250% | 01/30/31 | &nbsp;&nbsp;10731000 | &nbsp;&nbsp;9642309 |
|  |  |  |  | &nbsp;&nbsp;275773170 |
| **Utilities - 11.8%** | **Utilities - 11.8%** | **Utilities - 11.8%** |  |  |
| Berkshire Hathaway, Inc. | 3.700% | 07/15/30 | &nbsp;&nbsp;12267000 | &nbsp;&nbsp;12018532 |
| Duke Energy Corp. | 2.650% | 09/01/26 | &nbsp;&nbsp;8575000 | &nbsp;&nbsp;8471018 |
| Eversource Energy, Series M | 3.300% | 01/15/28 | &nbsp;&nbsp;9140000 | &nbsp;&nbsp;8943139 |
| Eversource Energy, Series O | 4.250% | 04/01/29 | &nbsp;&nbsp;19308000 | &nbsp;&nbsp;19252364 |
| Eversource Energy, Series R | 1.650% | 08/15/30 | &nbsp;&nbsp;232000 | &nbsp;&nbsp;203731 |
| Florida Power & Light Co. | 5.100% | 04/01/33 | &nbsp;&nbsp;36677000 | &nbsp;&nbsp;37955195 |
| Georgia Power Co., Series 2019B | 2.650% | 09/15/29 | &nbsp;&nbsp;28141000 | &nbsp;&nbsp;26647824 |
| Georgia Power Co., Series 2025B | 4.850% | 03/15/31 | &nbsp;&nbsp;14000000 | &nbsp;&nbsp;14369462 |
| Interstate Power & Light Co. | 4.100% | 09/26/28 | &nbsp;&nbsp;20965000 | &nbsp;&nbsp;20919833 |
| Interstate Power & Light Co. | 2.300% | 06/01/30 | &nbsp;&nbsp;9379000 | &nbsp;&nbsp;8569742 |
| Interstate Power & Light Co. | 5.700% | 10/15/33 | &nbsp;&nbsp;625000 | &nbsp;&nbsp;655176 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.700% | 03/15/29 | &nbsp;&nbsp;7558000 | &nbsp;&nbsp;7444559 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 46.0% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Utilities - 11.8% (Continued)** | **Utilities - 11.8% (Continued)** | **Utilities - 11.8% (Continued)** |  |  |
| National Rural Utilities Cooperative Finance Corp. (The) | 2.400% | 03/15/30 | &nbsp;&nbsp;$12595000 | &nbsp;&nbsp;$11704195 |
| Virginia Electric & Power Co., Series A | 3.500% | 03/15/27 | &nbsp;&nbsp;1807000 | &nbsp;&nbsp;1793211 |
| Virginia Electric & Power Co., Series C | 5.300% | 08/15/33 | &nbsp;&nbsp;3631000 | &nbsp;&nbsp;3765142 |
| Xcel Energy, Inc. | 4.000% | 06/15/28 | &nbsp;&nbsp;18857000 | &nbsp;&nbsp;18836474 |
| Xcel Energy, Inc. | 3.400% | 06/01/30 | &nbsp;&nbsp;19340000 | &nbsp;&nbsp;18549059 |
|  |  |  |  | &nbsp;&nbsp;220098656 |
| **Total Corporate Bonds** (Cost $870,786,763) | **Total Corporate Bonds** (Cost $870,786,763) | **Total Corporate Bonds** (Cost $870,786,763) | **Total Corporate Bonds** (Cost $870,786,763) | &nbsp;&nbsp;$861755428 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 23.3%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 9.4%** | **Federal Home Loan Mortgage Corporation - 9.4%** | **Federal Home Loan Mortgage Corporation - 9.4%** | **Federal Home Loan Mortgage Corporation - 9.4%** |  |
| FHLMC, Series 4287, Class AB | 2.000% | 12/15/26 | &nbsp;&nbsp;$151306 | &nbsp;&nbsp;$148221 |
| FHLMC, Pool #ZA-3721 | 3.000% | 06/01/29 | &nbsp;&nbsp;2022302 | &nbsp;&nbsp;1989978 |
| FHLMC, Pool #ZK-6713 | 3.000% | 06/01/29 | &nbsp;&nbsp;1158908 | &nbsp;&nbsp;1140161 |
| FHLMC, Pool #C0-1005 | 8.000% | 06/01/30 | &nbsp;&nbsp;359 | &nbsp;&nbsp;383 |
| FHLMC, Pool #V6-1479, Series V6-1479 | 2.500% | 01/01/32 | &nbsp;&nbsp;1599592 | &nbsp;&nbsp;1543172 |
| FHLMC, Pool #G1-8642 | 3.500% | 04/01/32 | &nbsp;&nbsp;1367564 | &nbsp;&nbsp;1347604 |
| FHLMC, Pool #ZT-1964 | 3.500% | 06/01/32 | &nbsp;&nbsp;2001934 | &nbsp;&nbsp;1973019 |
| FHLMC, Pool #G1-8667 | 3.500% | 11/01/32 | &nbsp;&nbsp;854306 | &nbsp;&nbsp;841221 |
| FHLMC, Series 4151, Class PA | 2.000% | 01/15/33 | &nbsp;&nbsp;892510 | &nbsp;&nbsp;848505 |
| FHLMC, Pool #78-0439 (H15T1Y + 222.3) <sup>(a)</sup> | 6.473% | 04/01/33 | &nbsp;&nbsp;7019 | &nbsp;&nbsp;7110 |
| FHLMC, Pool #G0-8068 | 5.500% | 07/01/35 | &nbsp;&nbsp;415100 | &nbsp;&nbsp;431502 |
| FHLMC, Pool #G0-1880 | 5.000% | 08/01/35 | &nbsp;&nbsp;19658 | &nbsp;&nbsp;20048 |
| FHLMC, Pool #G0-6616 | 4.500% | 12/01/35 | &nbsp;&nbsp;183523 | &nbsp;&nbsp;184243 |
| FHLMC, Pool #G3-0933 | 4.000% | 01/01/36 | &nbsp;&nbsp;7619733 | &nbsp;&nbsp;7532368 |
| FHLMC, Series 3109, Class ZN | 5.500% | 02/15/36 | &nbsp;&nbsp;412821 | &nbsp;&nbsp;422245 |
| FHLMC, Pool #G3-1087 | 4.000% | 07/01/38 | &nbsp;&nbsp;1353607 | &nbsp;&nbsp;1330796 |
| FHLMC, Series 4887, Class A | 3.250% | 09/15/38 | &nbsp;&nbsp;380949 | &nbsp;&nbsp;367667 |
| FHLMC, Pool #SC-0066 | 4.500% | 01/01/39 | &nbsp;&nbsp;4538724 | &nbsp;&nbsp;4542582 |
| FHLMC, Series 4287, Class AB | 3.500% | 07/15/39 | &nbsp;&nbsp;64032 | &nbsp;&nbsp;62491 |
| FHLMC, Pool #G0-1880 | 4.500% | 10/01/39 | &nbsp;&nbsp;46264 | &nbsp;&nbsp;46340 |
| FHLMC, Pool #A8-9335 | 5.000% | 10/01/39 | &nbsp;&nbsp;105977 | &nbsp;&nbsp;108194 |
| FHLMC, Series 3592, Class BZ | 5.000% | 10/15/39 | &nbsp;&nbsp;279334 | &nbsp;&nbsp;285404 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 23.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 9.4% (Continued)** | **Federal Home Loan Mortgage Corporation - 9.4% (Continued)** | **Federal Home Loan Mortgage Corporation - 9.4% (Continued)** | **Federal Home Loan Mortgage Corporation - 9.4% (Continued)** |  |
| FHLMC, Pool #SC-0047 | 3.000% | 01/01/40 | &nbsp;&nbsp;$17905974 | &nbsp;&nbsp;$16826855 |
| FHLMC, Series 3946, Class LN | 3.500% | 04/15/41 | &nbsp;&nbsp;194094 | &nbsp;&nbsp;192262 |
| FHLMC, Series 4105, Class PJ | 3.500% | 06/15/41 | &nbsp;&nbsp;194860 | &nbsp;&nbsp;193136 |
| FHLMC, Pool #RB-5125 | 2.000% | 09/01/41 | &nbsp;&nbsp;10682431 | &nbsp;&nbsp;9294103 |
| FHLMC, Pool #SC-0384 | 2.000% | 04/01/42 | &nbsp;&nbsp;16532438 | &nbsp;&nbsp;14425072 |
| FHLMC, Pool #2B-0350 (RFUCCT1Y + 186) <sup>(a)</sup> | 6.860% | 04/01/42 | &nbsp;&nbsp;5323 | &nbsp;&nbsp;5379 |
| FHLMC, Pool #ZS-9278 | 2.000% | 05/01/42 | &nbsp;&nbsp;27008659 | &nbsp;&nbsp;23464819 |
| FHLMC, Series 4087, Class PT | 3.000% | 07/15/42 | &nbsp;&nbsp;275277 | &nbsp;&nbsp;260724 |
| FHLMC, Series 4180, Class ME | 2.500% | 10/15/42 | &nbsp;&nbsp;581677 | &nbsp;&nbsp;559225 |
| FHLMC, Series 4161, Class QA | 3.000% | 02/15/43 | &nbsp;&nbsp;65905 | &nbsp;&nbsp;63196 |
| FHLMC, Series 4471, GA | 3.000% | 02/15/44 | &nbsp;&nbsp;7744988 | &nbsp;&nbsp;7425143 |
| FHLMC, Series 4517, Class PC | 2.500% | 05/15/44 | &nbsp;&nbsp;404289 | &nbsp;&nbsp;390201 |
| FHLMC, Series 4689, Class DA | 3.000% | 07/15/44 | &nbsp;&nbsp;287058 | &nbsp;&nbsp;283395 |
| FHLMC, Series 4831, Class BA | 3.500% | 10/15/44 | &nbsp;&nbsp;40207 | &nbsp;&nbsp;40050 |
| FHLMC, Series 4567, Class LA | 3.000% | 08/15/45 | &nbsp;&nbsp;82442 | &nbsp;&nbsp;78979 |
| FHLMC, Series 4582, Class PA | 3.000% | 11/15/45 | &nbsp;&nbsp;1266798 | &nbsp;&nbsp;1203319 |
| FHLMC, Series 4709, Class EA | 3.000% | 01/15/46 | &nbsp;&nbsp;584030 | &nbsp;&nbsp;568765 |
| FHLMC, Pool #SD-1069 | 3.500% | 06/01/49 | &nbsp;&nbsp;4760431 | &nbsp;&nbsp;4447563 |
| FHLMC, Series 4906, Class DE | 2.500% | 09/25/49 | &nbsp;&nbsp;2944438 | &nbsp;&nbsp;2637139 |
| FHLMC, Pool #SD-0695 | 4.000% | 12/01/49 | &nbsp;&nbsp;411899 | &nbsp;&nbsp;397558 |
| FHLMC, Pool #SD-2170 | 3.000% | 07/01/51 | &nbsp;&nbsp;19998998 | &nbsp;&nbsp;17834569 |
| FHLMC, Pool #SD-7544 | 3.000% | 07/01/51 | &nbsp;&nbsp;7257440 | &nbsp;&nbsp;6497081 |
| FHLMC, Pool #SD-7556 | 3.000% | 08/01/52 | &nbsp;&nbsp;38187391 | &nbsp;&nbsp;34034545 |
| FHLMC, Series 5301, Class ED | 5.000% | 04/01/53 | &nbsp;&nbsp;9081864 | &nbsp;&nbsp;9168587 |
|  |  |  |  | &nbsp;&nbsp;175464919 |
| **Federal National Mortgage Association - 13.0%** | **Federal National Mortgage Association - 13.0%** | **Federal National Mortgage Association - 13.0%** | **Federal National Mortgage Association - 13.0%** |  |
| FNMA, Pool #AN9848 | 3.000% | 01/01/30 | &nbsp;&nbsp;36675 | &nbsp;&nbsp;36006 |
| FNMA, Pool #MA0384 <sup>(a)</sup> | 5.000% | 04/01/30 | &nbsp;&nbsp;171728 | &nbsp;&nbsp;173723 |
| FNMA, Pool #AL6923 | 3.000% | 05/01/30 | &nbsp;&nbsp;2252407 | &nbsp;&nbsp;2212038 |
| FNMA, Pool #AS5794 | 3.000% | 09/01/30 | &nbsp;&nbsp;529304 | &nbsp;&nbsp;518611 |
| FNMA, Pool #AS6548, Series 2016 | 2.500% | 01/01/31 | &nbsp;&nbsp;1135581 | &nbsp;&nbsp;1100838 |
| FNMA, Pool #AL9309 | 3.500% | 10/01/31 | &nbsp;&nbsp;407513 | &nbsp;&nbsp;402097 |
| FNMA, Pool #MA1107 | 3.500% | 07/01/32 | &nbsp;&nbsp;186346 | &nbsp;&nbsp;182976 |
| FNMA, Pool #MA1237 | 3.000% | 11/01/32 | &nbsp;&nbsp;122997 | &nbsp;&nbsp;119172 |
| FNMA, Pool #725027 | 5.000% | 11/01/33 | &nbsp;&nbsp;89785 | &nbsp;&nbsp;91165 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 23.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** |  |
| FNMA, Pool #FM5394 | 3.000% | 03/01/34 | &nbsp;&nbsp;$3074308 | &nbsp;&nbsp;$2972081 |
| FNMA, Pool #FM3388 | 4.000% | 03/01/34 | &nbsp;&nbsp;89836 | &nbsp;&nbsp;89596 |
| FNMA, Pool #725704 | 6.000% | 08/01/34 | &nbsp;&nbsp;36562 | &nbsp;&nbsp;38055 |
| FNMA, Pool #FM5050 | 2.500% | 02/01/35 | &nbsp;&nbsp;573620 | &nbsp;&nbsp;558736 |
| FNMA, Pool #AL7077 | 4.000% | 07/01/35 | &nbsp;&nbsp;1345402 | &nbsp;&nbsp;1329836 |
| FNMA, Series 2005-64, Class PL | 5.500% | 07/25/35 | &nbsp;&nbsp;12737 | &nbsp;&nbsp;13133 |
| FNMA, Pool #BM1971 | 3.500% | 12/01/35 | &nbsp;&nbsp;839092 | &nbsp;&nbsp;819546 |
| FNMA, Pool #888223 | 5.500% | 01/01/36 | &nbsp;&nbsp;129220 | &nbsp;&nbsp;134163 |
| FNMA, Series 2016-99, Class TA | 3.500% | 03/25/36 | &nbsp;&nbsp;119049 | &nbsp;&nbsp;117691 |
| FNMA, Pool #995112 | 5.500% | 07/01/36 | &nbsp;&nbsp;137445 | &nbsp;&nbsp;142507 |
| FNMA, Series 2014-20, Class AC | 3.000% | 08/25/36 | &nbsp;&nbsp;7846 | &nbsp;&nbsp;7803 |
| FNMA, Pool #FM2293 | 4.000% | 09/01/36 | &nbsp;&nbsp;181347 | &nbsp;&nbsp;178979 |
| FNMA, Pool #MA2773 | 3.000% | 10/01/36 | &nbsp;&nbsp;3276626 | &nbsp;&nbsp;3112555 |
| FNMA, Pool #AL9623 | 4.000% | 12/01/36 | &nbsp;&nbsp;1129125 | &nbsp;&nbsp;1114993 |
| FNMA, Pool #889050 | 6.000% | 05/01/37 | &nbsp;&nbsp;67723 | &nbsp;&nbsp;71021 |
| FNMA, Pool #MA3186 | 4.000% | 11/01/37 | &nbsp;&nbsp;4112367 | &nbsp;&nbsp;4047267 |
| FNMA, Pool #MA3337 | 4.000% | 04/01/38 | &nbsp;&nbsp;1523386 | &nbsp;&nbsp;1495050 |
| FNMA, Pool #AA4392 | 4.000% | 04/01/39 | &nbsp;&nbsp;308117 | &nbsp;&nbsp;300310 |
| FNMA, Pool #FM9469 | 4.000% | 08/01/39 | &nbsp;&nbsp;4821102 | &nbsp;&nbsp;4715726 |
| FNMA, Pool #CB0114 | 2.500% | 04/01/41 | &nbsp;&nbsp;13744902 | &nbsp;&nbsp;12376196 |
| FNMA, Series 2011-53, Class DT | 4.500% | 06/25/41 | &nbsp;&nbsp;69052 | &nbsp;&nbsp;68840 |
| FNMA, Pool #AJ7509 (RFUCCT1Y + 178) <sup>(a)</sup> | 6.405% | 12/01/41 | &nbsp;&nbsp;12329 | &nbsp;&nbsp;12447 |
| FNMA, Pool #FS9716 | 2.000% | 08/01/42 | &nbsp;&nbsp;38100648 | &nbsp;&nbsp;33172714 |
| FNMA, Pool #FS9718 | 2.000% | 08/01/42 | &nbsp;&nbsp;13596245 | &nbsp;&nbsp;11829227 |
| FNMA, Series 2012-128, Class TP | 2.000% | 11/25/42 | &nbsp;&nbsp;322495 | &nbsp;&nbsp;305716 |
| FNMA, Series 2013-6, Class BC | 1.500% | 12/25/42 | &nbsp;&nbsp;30912 | &nbsp;&nbsp;30517 |
| FNMA, Series 2015-72, Class GB | 2.500% | 12/25/42 | &nbsp;&nbsp;804656 | &nbsp;&nbsp;785820 |
| FNMA, Series 2013-75, Class EG | 3.000% | 02/25/43 | &nbsp;&nbsp;178674 | &nbsp;&nbsp;171762 |
| FNMA, Series 2014-28, Class PA | 3.500% | 02/25/43 | &nbsp;&nbsp;117918 | &nbsp;&nbsp;116775 |
| FNMA, Series 2013-83, Class MH | 4.000% | 08/25/43 | &nbsp;&nbsp;101585 | &nbsp;&nbsp;99485 |
| FNMA, Pool #AU7025 | 3.000% | 11/01/43 | &nbsp;&nbsp;8324028 | &nbsp;&nbsp;7668353 |
| FNMA, Series 2014-4, Class PC | 3.000% | 02/25/44 | &nbsp;&nbsp;534910 | &nbsp;&nbsp;517900 |
| FNMA, Series 2016-79, Class L | 2.500% | 10/25/44 | &nbsp;&nbsp;727422 | &nbsp;&nbsp;698597 |
| FNMA, Series 2016-39, Class LA | 2.500% | 03/25/45 | &nbsp;&nbsp;1188426 | &nbsp;&nbsp;1132869 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 23.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** | **Federal National Mortgage Association - 13.0% (Continued)** |  |
| FNMA, Series 2016-64, Class PG | 3.000% | 05/25/45 | &nbsp;&nbsp;$1429703 | &nbsp;&nbsp;$1368839 |
| FNMA, Series 2016-40, Class PA | 3.000% | 07/25/45 | &nbsp;&nbsp;83536 | &nbsp;&nbsp;79354 |
| FNMA, Series 4768, Class GA | 3.500% | 09/15/45 | &nbsp;&nbsp;1313130 | &nbsp;&nbsp;1298868 |
| FNMA, Series 2016-49, Class PA | 3.000% | 09/25/45 | &nbsp;&nbsp;595813 | &nbsp;&nbsp;569363 |
| FNMA, Series 2016-99, Class PH | 3.000% | 01/25/46 | &nbsp;&nbsp;1079105 | &nbsp;&nbsp;1036183 |
| FNMA, Series 2016-02, Class PB | 2.000% | 02/25/46 | &nbsp;&nbsp;137901 | &nbsp;&nbsp;128569 |
| FNMA, Series 2018-67, Class BA | 4.500% | 03/25/46 | &nbsp;&nbsp;767172 | &nbsp;&nbsp;770350 |
| FNMA, Series 2018-25, Class P | 3.500% | 03/25/46 | &nbsp;&nbsp;1682100 | &nbsp;&nbsp;1649964 |
| FNMA, Pool #BE5067 | 3.500% | 11/01/46 | &nbsp;&nbsp;10879064 | &nbsp;&nbsp;10170962 |
| FNMA, Pool #BM5003 | 4.000% | 03/01/47 | &nbsp;&nbsp;952160 | &nbsp;&nbsp;922444 |
| FNMA, Pool #FM-4929 | 3.500% | 03/01/48 | &nbsp;&nbsp;3906798 | &nbsp;&nbsp;3650033 |
| FNMA, Series 2022-25, Class KA | 4.000% | 09/25/48 | &nbsp;&nbsp;6591016 | &nbsp;&nbsp;6539510 |
| FNMA, Series 2019-60, Class DA | 2.500% | 03/25/49 | &nbsp;&nbsp;1363264 | &nbsp;&nbsp;1223383 |
| FNMA, Pool #BM5003 | 3.500% | 08/01/49 | &nbsp;&nbsp;324352 | &nbsp;&nbsp;302248 |
| FNMA, Series 2018-67, Class BA | 2.500% | 08/25/49 | &nbsp;&nbsp;97149 | &nbsp;&nbsp;86753 |
| FNMA, Pool #FS4218 | 4.000% | 10/01/49 | &nbsp;&nbsp;7897913 | &nbsp;&nbsp;7679560 |
| FNMA, Pool #CA4860 | 3.000% | 12/01/49 | &nbsp;&nbsp;23552490 | &nbsp;&nbsp;21061158 |
| FNMA, Series 2020-95, Class GA | 1.000% | 01/25/51 | &nbsp;&nbsp;5872728 | &nbsp;&nbsp;4512692 |
| FNMA, Pool #FM9631 | 3.000% | 11/01/51 | &nbsp;&nbsp;6782346 | &nbsp;&nbsp;6053160 |
| FNMA, Pool #FS3678 | 3.000% | 12/01/51 | &nbsp;&nbsp;10981578 | &nbsp;&nbsp;9830479 |
| FNMA, Pool #CB3051 | 3.000% | 03/01/52 | &nbsp;&nbsp;5907773 | &nbsp;&nbsp;5291092 |
| FNMA, Pool #FS4520 | 3.000% | 04/01/52 | &nbsp;&nbsp;29757283 | &nbsp;&nbsp;26584398 |
| FNMA, Pool #FS4608 | 3.000% | 05/01/52 | &nbsp;&nbsp;8524737 | &nbsp;&nbsp;7629327 |
| FNMA, Pool #FS7972 | 3.000% | 05/01/52 | &nbsp;&nbsp;10767836 | &nbsp;&nbsp;9616379 |
| FNMA, Pool #FS2724 | 3.000% | 07/01/52 | &nbsp;&nbsp;12872104 | &nbsp;&nbsp;11447710 |
| FNMA, Pool #FS8070 | 3.000% | 07/01/52 | &nbsp;&nbsp;10109202 | &nbsp;&nbsp;9008813 |
|  |  |  |  | &nbsp;&nbsp;243594483 |
| **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** |  |
| GNMA, Pool #004847M | 4.000% | 11/01/25 | &nbsp;&nbsp;555 | &nbsp;&nbsp;554 |
| GNMA, Pool #780400X | 7.000% | 12/01/25 | &nbsp;&nbsp;6 | &nbsp;&nbsp;6 |
| GNMA, Pool #780420X | 7.500% | 08/01/26 | &nbsp;&nbsp;34 | &nbsp;&nbsp;34 |
| GNMA, Pool #002658M | 6.500% | 10/01/28 | &nbsp;&nbsp;2355 | &nbsp;&nbsp;2411 |
| GNMA, Pool #002945M | 7.500% | 07/01/30 | &nbsp;&nbsp;281 | &nbsp;&nbsp;290 |
| GNMA, Pool #004187M | 5.500% | 07/01/38 | &nbsp;&nbsp;6496 | &nbsp;&nbsp;6766 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 23.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Government National Mortgage Association - 0.9% (Continued)** | **Government National Mortgage Association - 0.9% (Continued)** | **Government National Mortgage Association - 0.9% (Continued)** | **Government National Mortgage Association - 0.9% (Continued)** |  |
| GNMA, Series 2021-175, Class DG | 2.000% | 10/20/51 | &nbsp;&nbsp;$19486838 | &nbsp;&nbsp;$16553794 |
|  |  |  |  | &nbsp;&nbsp;16563855 |
| **Total Collateralized Mortgage Obligations** (Cost $444,562,500) | **Total Collateralized Mortgage Obligations** (Cost $444,562,500) | **Total Collateralized Mortgage Obligations** (Cost $444,562,500) | **Total Collateralized Mortgage Obligations** (Cost $444,562,500) | &nbsp;&nbsp;$435623257 |
| **MUNICIPAL BONDS - 0.9%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Cincinnati Children's Hospital Medical Center, Series 2016Y | 2.853% | 11/15/26 | &nbsp;&nbsp;$1835000 | &nbsp;&nbsp;$1804665 |
| Hamilton County Ohio Health Care FACS Revenue, Series 2019 | 3.374% | 06/01/34 | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;4615013 |
| Sycamore Ohio Community SD Taxable School Improvement, Series 2010 | 5.850% | 12/01/28 | &nbsp;&nbsp;510000 | &nbsp;&nbsp;539842 |
| Texas Natural Gas Securitization Finance Corp. Revenue, Series 2023 A-1 | 5.102% | 04/01/35 | &nbsp;&nbsp;8826707 | &nbsp;&nbsp;9106335 |
| **Total Municipal Bonds** (Cost $16,187,971) | **Total Municipal Bonds** (Cost $16,187,971) | **Total Municipal Bonds** (Cost $16,187,971) | **Total Municipal Bonds** (Cost $16,187,971) | &nbsp;&nbsp;$16065855 |
| **U.S. GOVERNMENT & AGENCIES - 4.0%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal National Mortgage Association - 4.0%** | **Federal National Mortgage Association - 4.0%** | **Federal National Mortgage Association - 4.0%** | **Federal National Mortgage Association - 4.0%** |  |
| FNMA | 3.320% | 04/01/28 | &nbsp;&nbsp;$9260000 | &nbsp;&nbsp;$9079424 |
| FNMA | 3.740% | 07/01/28 | &nbsp;&nbsp;8938000 | &nbsp;&nbsp;8844390 |
| FNMA | 3.650% | 01/01/29 | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;4945684 |
| FNMA | 3.150% | 06/01/29 | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;7758997 |
| FNMA | 1.520% | 08/21/35 | &nbsp;&nbsp;58440000 | &nbsp;&nbsp;43715564 |
| **Total U.S. Government & Agencies** (Cost $73,813,486) | **Total U.S. Government & Agencies** (Cost $73,813,486) | **Total U.S. Government & Agencies** (Cost $73,813,486) | **Total U.S. Government & Agencies** (Cost $73,813,486) | &nbsp;&nbsp;$74344059 |
| **U.S. TREASURY OBLIGATIONS - 24.5%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Bonds - 18.8%** | **U.S. Treasury Bonds - 18.8%** | **U.S. Treasury Bonds - 18.8%** | **U.S. Treasury Bonds - 18.8%** |  |
| U.S. Treasury Bonds | 4.250% | 05/15/39 | &nbsp;&nbsp;$102000000 | &nbsp;&nbsp;$100406250 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **U.S. TREASURY OBLIGATIONS - 24.5% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Bonds - 18.8% (Continued)** | **U.S. Treasury Bonds - 18.8% (Continued)** | **U.S. Treasury Bonds - 18.8% (Continued)** | **U.S. Treasury Bonds - 18.8% (Continued)** |  |
| U.S. Treasury Bonds | 2.250% | 05/15/41 | &nbsp;&nbsp;$116000000 | &nbsp;&nbsp;$85930625 |
| U.S. Treasury Bonds | 3.125% | 08/15/44 | &nbsp;&nbsp;100000000 | &nbsp;&nbsp;80062500 |
| U.S. Treasury Bonds | 3.000% | 11/15/44 | &nbsp;&nbsp;85000000 | &nbsp;&nbsp;66499218 |
| U.S. Treasury Bonds | 2.500% | 05/15/46 | &nbsp;&nbsp;27500000 | &nbsp;&nbsp;19327344 |
|  |  |  |  | &nbsp;&nbsp;352225937 |
| **U.S. Treasury Notes - 5.7%** | **U.S. Treasury Notes - 5.7%** | **U.S. Treasury Notes - 5.7%** | **U.S. Treasury Notes - 5.7%** |  |
| U.S. Treasury Notes | 1.375% | 11/15/31 | &nbsp;&nbsp;3800000 | &nbsp;&nbsp;3289375 |
| U.S. Treasury Notes | 4.125% | 11/15/32 | &nbsp;&nbsp;26000000 | &nbsp;&nbsp;26300625 |
| U.S. Treasury Notes | 4.000% | 02/15/34 | &nbsp;&nbsp;70000000 | &nbsp;&nbsp;69825000 |
| U.S. Treasury Notes | 3.875% | 08/15/34 | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;7878750 |
|  |  |  |  | &nbsp;&nbsp;107293750 |
| **Total U.S. Treasury Obligations** (Cost $467,786,291) | **Total U.S. Treasury Obligations** (Cost $467,786,291) | **Total U.S. Treasury Obligations** (Cost $467,786,291) | **Total U.S. Treasury Obligations** (Cost $467,786,291) | &nbsp;&nbsp;$459519687 |
| **PREFERRED STOCKS - 0.5%** | **PREFERRED STOCKS - 0.5%** | **PREFERRED STOCKS - 0.5%** | **Shares** | **Value** |
| **Financials - 0.5%** | **Financials - 0.5%** | **Financials - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $8,697,107) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $8,697,107) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $8,697,107) | &nbsp;&nbsp;354596 | &nbsp;&nbsp;$9265593 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** | **JOHNSON INSTITUTIONAL CORE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 0.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(b)</sup> <br> (Cost $4,281,849) | &nbsp;&nbsp;4281849 | &nbsp;&nbsp;$4281849 |
| **Investments at Value - 99.4%** (Cost $1,886,115,967) | **Investments at Value - 99.4%** (Cost $1,886,115,967) | &nbsp;&nbsp;$1860855728 |
| **Other Assets in Excess of Liabilities - 0.6%** | **Other Assets in Excess of Liabilities - 0.6%** | &nbsp;&nbsp;11275444 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$1872131172 |

---

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | |
|:---|:---|
| H15T1Y | - U.S. Treasury yield curve rate for U.S. Treasury note with a constant maturity of 1 year |
| plc | - Public Limited Company |
| RFUCCT | - Refinitiv USD IBOR Cash Fallbacks |
| SOFR | - Secured Overnight Financing Rate |
| TSFR | - CME Term SOFR |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 49.3%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Finance - 21.2%** | **Finance - 21.2%** | **Finance - 21.2%** |  |  |
| Allstate Corp. (The) | 5.250% | 03/30/33 | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$1037128 |
| American Express Co. | 5.043% | 07/26/28 | &nbsp;&nbsp;1250000 | &nbsp;&nbsp;1271496 |
| American Express Co. | 5.532% | 04/25/30 | &nbsp;&nbsp;3630000 | &nbsp;&nbsp;3792239 |
| AON Corp. | 3.750% | 05/02/29 | &nbsp;&nbsp;615000 | &nbsp;&nbsp;606025 |
| Bank of America Corp. | 5.202% | 04/25/29 | &nbsp;&nbsp;4925000 | &nbsp;&nbsp;5047760 |
| Bank of New York Mellon Corp. (The), Series J | 6.317% | 10/25/29 | &nbsp;&nbsp;2153000 | &nbsp;&nbsp;2291012 |
| Bank of New York Mellon Corp. (The) | 5.060% | 07/22/32 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp;2581711 |
| Essex Portfolio, L.P. | 4.000% | 03/01/29 | &nbsp;&nbsp;1716000 | &nbsp;&nbsp;1700669 |
| Essex Portfolio, L.P. | 3.000% | 01/15/30 | &nbsp;&nbsp;2690000 | &nbsp;&nbsp;2547589 |
| Fifth Third Bancorp (SOFR + 234) <sup>(a)</sup> | 6.339% | 07/27/29 | &nbsp;&nbsp;3824000 | &nbsp;&nbsp;4028773 |
| Huntington Bancshares, Inc. | 6.208% | 08/21/29 | &nbsp;&nbsp;3300000 | &nbsp;&nbsp;3472271 |
| Marsh & McLennan Cos., Inc. | 4.550% | 11/08/27 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;758448 |
| Morgan Stanley | 3.591% | 07/22/28 | &nbsp;&nbsp;3600000 | &nbsp;&nbsp;3562061 |
| PNC Financial Services Group, Inc. (The) (SOFR + 173) <sup>(a)</sup> | 6.615% | 10/20/27 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;3073117 |
| Prologis, Inc. | 4.750% | 01/15/31 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1020888 |
| Prologis, Inc. | 5.125% | 01/15/34 | &nbsp;&nbsp;3100000 | &nbsp;&nbsp;3184140 |
| Truist Financial Corp. | 2.250% | 03/11/30 | &nbsp;&nbsp;5760000 | &nbsp;&nbsp;5250077 |
| U.S. Bancorp, Series CC | 5.678% | 01/23/35 | &nbsp;&nbsp;5085000 | &nbsp;&nbsp;5355109 |
| Wells Fargo & Co., Series Q | 3.196% | 06/17/27 | &nbsp;&nbsp;5185000 | &nbsp;&nbsp;5149055 |
|  |  |  |  | &nbsp;&nbsp;55729568 |
| **Industrials - 17.6%** | **Industrials - 17.6%** | **Industrials - 17.6%** |  |  |
| Becton Dickinson & Co. | 3.700% | 06/06/27 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;3973442 |
| Burlington Northern Santa Fe, LLC | 6.750% | 03/15/29 | &nbsp;&nbsp;3025000 | &nbsp;&nbsp;3280785 |
| Cisco Systems, Inc. | 4.850% | 02/26/29 | &nbsp;&nbsp;3830000 | &nbsp;&nbsp;3930499 |
| CVS Health Corp. | 4.300% | 03/25/28 | &nbsp;&nbsp;3200000 | &nbsp;&nbsp;3201963 |
| CVS Health Corp. | 5.400% | 06/01/29 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;1343609 |
| Dover Corp. | 3.150% | 11/15/25 | &nbsp;&nbsp;2650000 | &nbsp;&nbsp;2644311 |
| Dover Corp. | 2.950% | 11/04/29 | &nbsp;&nbsp;1995000 | &nbsp;&nbsp;1897656 |
| Home Depot, Inc. (The) | 2.950% | 06/15/29 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp;2411364 |
| Honeywell International, Inc. | 4.875% | 09/01/29 | &nbsp;&nbsp;5200000 | &nbsp;&nbsp;5348780 |
| Johnson Controls International plc | 3.900% | 02/14/26 | &nbsp;&nbsp;2282000 | &nbsp;&nbsp;2277090 |
| Lowe's Cos. Inc. | 3.100% | 05/03/27 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;492938 |
| Norfolk Southern Corp. | 2.900% | 06/15/26 | &nbsp;&nbsp;2190000 | &nbsp;&nbsp;2170530 |
| Parker-Hannifin Corp. | 4.250% | 09/15/27 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;3014775 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 49.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Industrials - 17.6% (Continued)** | **Industrials - 17.6% (Continued)** | **Industrials - 17.6% (Continued)** |  |  |
| PepsiCo, Inc., Series 2020 D | 5.000% | 02/07/35 | &nbsp;&nbsp;$2830000 | &nbsp;&nbsp;$2894795 |
| Target Corp. | 2.350% | 02/15/30 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp;2328101 |
| Target Corp. | 5.000% | 04/15/35 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;759241 |
| Xylem, Inc. | 3.250% | 11/01/26 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;3959212 |
| Xylem, Inc. | 2.250% | 01/30/31 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;449274 |
|  |  |  |  | &nbsp;&nbsp;46378365 |
| **Utilities - 10.5%** | **Utilities - 10.5%** | **Utilities - 10.5%** |  |  |
| Duke Energy Corp. | 2.650% | 09/01/26 | &nbsp;&nbsp;4750000 | &nbsp;&nbsp;4692401 |
| Eversource Energy, Series AA | 4.750% | 05/15/26 | &nbsp;&nbsp;3028000 | &nbsp;&nbsp;3036773 |
| Eversource Energy, Series BB | 5.125% | 05/15/33 | &nbsp;&nbsp;1200000 | &nbsp;&nbsp;1216970 |
| Florida Power & Light Co. | 5.100% | 04/01/33 | &nbsp;&nbsp;4880000 | &nbsp;&nbsp;5050068 |
| Georgia Power Co., Series 2023 A | 4.650% | 05/16/28 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4060923 |
| Interstate Power & Light Co. | 4.100% | 09/26/28 | &nbsp;&nbsp;2367000 | &nbsp;&nbsp;2361900 |
| Interstate Power & Light Co. | 2.300% | 06/01/30 | &nbsp;&nbsp;747000 | &nbsp;&nbsp;682546 |
| Interstate Power & Light Co. | 5.700% | 10/15/33 | &nbsp;&nbsp;1500000 | &nbsp;&nbsp;1572422 |
| National Rural Utilities Cooperative Finance Corp. (The) | 1.650% | 06/15/31 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;862173 |
| Virginia Electric & Power Co., Series B | 2.950% | 11/15/26 | &nbsp;&nbsp;2250000 | &nbsp;&nbsp;2220930 |
| Xcel Energy, Inc. | 4.000% | 06/15/28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;499456 |
| Xcel Energy, Inc. | 3.400% | 06/01/30 | &nbsp;&nbsp;1290000 | &nbsp;&nbsp;1237243 |
|  |  |  |  | &nbsp;&nbsp;27493805 |
| **Total Corporate Bonds** (Cost $127,581,242) | **Total Corporate Bonds** (Cost $127,581,242) | **Total Corporate Bonds** (Cost $127,581,242) | **Total Corporate Bonds** (Cost $127,581,242) | &nbsp;&nbsp;$129601738 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 9.6%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 3.8%** | **Federal Home Loan Mortgage Corporation - 3.8%** | **Federal Home Loan Mortgage Corporation - 3.8%** | **Federal Home Loan Mortgage Corporation - 3.8%** |  |
| FHLMC, Pool #G1-8642 | 3.500% | 04/01/32 | &nbsp;&nbsp;$308684 | &nbsp;&nbsp;$304179 |
| FHLMC, Series 4151, Class PA | 2.000% | 01/15/33 | &nbsp;&nbsp;509801 | &nbsp;&nbsp;484665 |
| FHLMC, Pool #SB-0297 | 3.000% | 03/01/35 | &nbsp;&nbsp;1368749 | &nbsp;&nbsp;1317224 |
| FHLMC, Pool #G0-8068 | 5.500% | 07/01/35 | &nbsp;&nbsp;53317 | &nbsp;&nbsp;55423 |
| FHLMC, Pool #SC-0047 | 3.000% | 01/01/40 | &nbsp;&nbsp;2378470 | &nbsp;&nbsp;2235129 |
| FHLMC, Series 3946, Class LN | 3.500% | 04/15/41 | &nbsp;&nbsp;110600 | &nbsp;&nbsp;109556 |
| FHLMC, Pool #2B-0350 (RFUCCT1Y + 186) <sup>(a)</sup> | 6.860% | 04/01/42 | &nbsp;&nbsp;1015 | &nbsp;&nbsp;1026 |
| FHLMC, Series 5189, Class PG | 2.500% | 09/25/51 | &nbsp;&nbsp;2204456 | &nbsp;&nbsp;2040687 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 9.6% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 3.8% (Continued)** | **Federal Home Loan Mortgage Corporation - 3.8% (Continued)** | **Federal Home Loan Mortgage Corporation - 3.8% (Continued)** | **Federal Home Loan Mortgage Corporation - 3.8% (Continued)** |  |
| FHLMC, Series 5301, Class ED | 5.000% | 04/01/53 | &nbsp;&nbsp;$3318954 | &nbsp;&nbsp;$3350646 |
|  |  |  |  | &nbsp;&nbsp;9898535 |
| **Federal National Mortgage Association - 4.6%** | **Federal National Mortgage Association - 4.6%** | **Federal National Mortgage Association - 4.6%** | **Federal National Mortgage Association - 4.6%** |  |
| FNMA, Pool #MA0384 | 5.000% | 04/01/30 | &nbsp;&nbsp;36249 | &nbsp;&nbsp;36670 |
| FNMA, Pool #MA1237 | 3.000% | 11/01/32 | &nbsp;&nbsp;526712 | &nbsp;&nbsp;510332 |
| FNMA, Series 2016-99, Class TA | 3.500% | 03/25/36 | &nbsp;&nbsp;110546 | &nbsp;&nbsp;109284 |
| FNMA, Pool #FS0140 | 4.000% | 11/01/37 | &nbsp;&nbsp;2511017 | &nbsp;&nbsp;2475891 |
| FNMA, Pool #AA4392 | 4.000% | 04/01/39 | &nbsp;&nbsp;61317 | &nbsp;&nbsp;59763 |
| FNMA, Series 2011-52, Class PC | 3.000% | 03/25/41 | &nbsp;&nbsp;101007 | &nbsp;&nbsp;99597 |
| FNMA, Pool #AJ7509 (RFUCCT1Y + 178) <sup>(a)</sup> | 6.405% | 12/01/41 | &nbsp;&nbsp;12329 | &nbsp;&nbsp;12447 |
| FNMA, Pool #FS9716 | 2.000% | 08/01/42 | &nbsp;&nbsp;4191477 | &nbsp;&nbsp;3649352 |
| FNMA, Pool #FS9718 | 2.000% | 08/01/42 | &nbsp;&nbsp;4911371 | &nbsp;&nbsp;4273071 |
| FNMA, Series 2012-128, Class TP | 2.000% | 11/25/42 | &nbsp;&nbsp;257563 | &nbsp;&nbsp;244163 |
| FNMA, Series 2015-37, Class BA | 3.000% | 08/25/44 | &nbsp;&nbsp;429538 | &nbsp;&nbsp;412777 |
| FNMA, Pool #AY0089 (RFUCCT1Y + 160) <sup>(a)</sup> | 6.273% | 12/01/44 | &nbsp;&nbsp;80444 | &nbsp;&nbsp;81830 |
| FNMA, Series 2016-39, Class LA | 2.500% | 03/25/45 | &nbsp;&nbsp;336347 | &nbsp;&nbsp;320623 |
|  |  |  |  | &nbsp;&nbsp;12285800 |
| **Government National Mortgage Association - 1.2%** | **Government National Mortgage Association - 1.2%** | **Government National Mortgage Association - 1.2%** | **Government National Mortgage Association - 1.2%** |  |
| GNMA, Pool #MA7852M | 2.000% | 02/20/37 | &nbsp;&nbsp;2242205 | &nbsp;&nbsp;2087959 |
| GNMA, Series 2024-126, Class BP | 2.250% | 10/20/44 | &nbsp;&nbsp;1085878 | &nbsp;&nbsp;992961 |
|  |  |  |  | &nbsp;&nbsp;3080920 |
| **Total Collateralized Mortgage Obligations** (Cost $25,695,017) | **Total Collateralized Mortgage Obligations** (Cost $25,695,017) | **Total Collateralized Mortgage Obligations** (Cost $25,695,017) | **Total Collateralized Mortgage Obligations** (Cost $25,695,017) | &nbsp;&nbsp;$25265255 |
| **MUNICIPAL BONDS - 1.2%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Kansas Development Finance Authority, Series 2015 H | 4.091% | 04/15/27 | &nbsp;&nbsp;$2000000 | &nbsp;&nbsp;$2002390 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 1.2% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Pennsylvania Economic Development Financing Authority Revenue, Series 2025 | 4.793% | 06/01/30 | &nbsp;&nbsp;$1175000 | &nbsp;&nbsp;$1203814 |
| **Total Municipal Bonds** (Cost $3,188,741) | **Total Municipal Bonds** (Cost $3,188,741) | **Total Municipal Bonds** (Cost $3,188,741) | **Total Municipal Bonds** (Cost $3,188,741) | &nbsp;&nbsp;$3206204 |
| **U.S. GOVERNMENT & AGENCIES - 3.2%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Bank - 3.2%** | **Federal Home Loan Bank - 3.2%** | **Federal Home Loan Bank - 3.2%** | **Federal Home Loan Bank - 3.2%** |  |
| FHLB (Cost $8,301,957) | 4.750% | 12/10/32 | &nbsp;&nbsp;$8000000 | &nbsp;&nbsp;$8334394 |
| **U.S. TREASURY OBLIGATIONS - 35.0%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Notes - 35.0%** | **U.S. Treasury Notes - 35.0%** | **U.S. Treasury Notes - 35.0%** | **U.S. Treasury Notes - 35.0%** |  |
| U.S. Treasury Notes | 3.750% | 04/30/27 | &nbsp;&nbsp;$200000 | &nbsp;&nbsp;$200297 |
| U.S. Treasury Notes | 2.250% | 08/15/27 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;975195 |
| U.S. Treasury Notes | 4.625% | 04/30/29 | &nbsp;&nbsp;2545000 | &nbsp;&nbsp;2626321 |
| U.S. Treasury Notes | 4.125% | 11/30/29 | &nbsp;&nbsp;3750000 | &nbsp;&nbsp;3810351 |
| U.S. Treasury Notes | 3.500% | 01/31/30 | &nbsp;&nbsp;11050000 | &nbsp;&nbsp;10956766 |
| U.S. Treasury Notes | 1.500% | 02/15/30 | &nbsp;&nbsp;13050000 | &nbsp;&nbsp;11899969 |
| U.S. Treasury Notes | 4.000% | 02/28/30 | &nbsp;&nbsp;9500000 | &nbsp;&nbsp;9611328 |
| U.S. Treasury Notes | 0.875% | 11/15/30 | &nbsp;&nbsp;13800000 | &nbsp;&nbsp;11966109 |
| U.S. Treasury Notes | 2.875% | 05/15/32 | &nbsp;&nbsp;13050000 | &nbsp;&nbsp;12269039 |
| U.S. Treasury Notes | 2.750% | 08/15/32 | &nbsp;&nbsp;13770000 | &nbsp;&nbsp;12801797 |
| U.S. Treasury Notes | 4.000% | 02/15/34 | &nbsp;&nbsp;11000000 | &nbsp;&nbsp;10972500 |
| U.S. Treasury Notes | 4.375% | 05/15/34 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4093125 |
| **Total U.S. Treasury Obligations** (Cost $90,666,799) | **Total U.S. Treasury Obligations** (Cost $90,666,799) | **Total U.S. Treasury Obligations** (Cost $90,666,799) | **Total U.S. Treasury Obligations** (Cost $90,666,799) | &nbsp;&nbsp;$92182797 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** | **JOHNSON INSTITUTIONAL INTERMEDIATE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **PREFERRED STOCKS - 0.6%** | **Shares** | **Value** |
| **Financials - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $1,446,031) | &nbsp;&nbsp;59890 | &nbsp;&nbsp;$1564926 |
| **MONEY MARKET FUNDS - 0.3%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(b)</sup> <br> (Cost $741,362) | &nbsp;&nbsp;741362 | &nbsp;&nbsp;$741362 |
| **Investments at Value - 99.2%** (Cost $257,621,149) | **Investments at Value - 99.2%** (Cost $257,621,149) | &nbsp;&nbsp;$260896676 |
| **Other Assets in Excess of Liabilities - 0.8%** | **Other Assets in Excess of Liabilities - 0.8%** | &nbsp;&nbsp;2197346 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$263094022 |

---

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | |
|:---|:---|
| plc | - Public Limited Company |
| RFUCCT | - Refinitiv USD IBOR Cash Fallbacks |
| SOFR | - Secured Overnight Financing Rate |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 65.9%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Finance - 31.9%** | **Finance - 31.9%** | **Finance - 31.9%** |  |  |
| Allstate Corp. (The) | 0.750% | 12/15/25 | &nbsp;&nbsp;$3915000 | &nbsp;&nbsp;$3886441 |
| American Express Co. | 1.650% | 11/04/26 | &nbsp;&nbsp;2900000 | &nbsp;&nbsp;2828062 |
| American Express Co. | 2.550% | 03/04/27 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;980500 |
| AON plc | 3.875% | 12/15/25 | &nbsp;&nbsp;3700000 | &nbsp;&nbsp;3693396 |
| Bank of America Corp. | 5.202% | 04/25/29 | &nbsp;&nbsp;3100000 | &nbsp;&nbsp;3177270 |
| Enterprise Products Operating, LLC | 5.050% | 01/10/26 | &nbsp;&nbsp;1100000 | &nbsp;&nbsp;1102023 |
| Essex Portfolio, L.P. | 3.375% | 04/15/26 | &nbsp;&nbsp;3773000 | &nbsp;&nbsp;3752794 |
| Fifth Third Bancorp (SOFR + 234) <sup>(a)</sup> | 6.339% | 07/27/29 | &nbsp;&nbsp;3265000 | &nbsp;&nbsp;3439839 |
| Huntington Bancshares, Inc. | 6.208% | 08/21/29 | &nbsp;&nbsp;3525000 | &nbsp;&nbsp;3709017 |
| JPMorgan Chase & Co. | 3.540% | 05/01/28 | &nbsp;&nbsp;3810000 | &nbsp;&nbsp;3775833 |
| KeyCorp, Series O | 4.150% | 10/29/25 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp;2499322 |
| Morgan Stanley | 3.591% | 07/22/28 | &nbsp;&nbsp;4070000 | &nbsp;&nbsp;4027108 |
| MPLX, L.P. | 1.750% | 03/01/26 | &nbsp;&nbsp;3820000 | &nbsp;&nbsp;3779751 |
| National Retail Properties, Inc. | 4.000% | 11/15/25 | &nbsp;&nbsp;2965000 | &nbsp;&nbsp;2961939 |
| NNN REIT, Inc. | 3.600% | 12/15/26 | &nbsp;&nbsp;760000 | &nbsp;&nbsp;755223 |
| PNC Financial Services Group, Inc. (The) | 4.200% | 11/01/25 | &nbsp;&nbsp;1385000 | &nbsp;&nbsp;1384291 |
| PNC Financial Services Group, Inc. (The) | 4.050% | 07/26/28 | &nbsp;&nbsp;2640000 | &nbsp;&nbsp;2633883 |
| Truist Financial Corp. | 4.590% | 09/17/29 | &nbsp;&nbsp;1420000 | &nbsp;&nbsp;1429456 |
| Truist Financial Corp. | 2.250% | 03/11/30 | &nbsp;&nbsp;2275000 | &nbsp;&nbsp;2073598 |
| U.S. Bancorp, Series MTN | 3.100% | 04/27/26 | &nbsp;&nbsp;3540000 | &nbsp;&nbsp;3518813 |
| Wells Fargo & Co., Series M | 4.100% | 06/03/26 | &nbsp;&nbsp;3215000 | &nbsp;&nbsp;3210135 |
|  |  |  |  | &nbsp;&nbsp;58618694 |
| **Industrials - 22.3%** | **Industrials - 22.3%** | **Industrials - 22.3%** |  |  |
| Becton Dickinson & Co. | 3.700% | 06/06/27 | &nbsp;&nbsp;3137000 | &nbsp;&nbsp;3116172 |
| Cisco Systems, Inc. | 4.800% | 02/26/27 | &nbsp;&nbsp;3525000 | &nbsp;&nbsp;3568085 |
| Dover Corp. | 3.150% | 11/15/25 | &nbsp;&nbsp;3048000 | &nbsp;&nbsp;3041457 |
| Enterprise Products Operating, LLC | 4.150% | 10/16/28 | &nbsp;&nbsp;2630000 | &nbsp;&nbsp;2637373 |
| Johnson Controls International plc | 3.900% | 02/14/26 | &nbsp;&nbsp;3725000 | &nbsp;&nbsp;3716985 |
| Parker-Hannifin Corp. | 3.250% | 03/01/27 | &nbsp;&nbsp;3235000 | &nbsp;&nbsp;3201571 |
| Parker-Hannifin Corp. | 4.250% | 09/15/27 | &nbsp;&nbsp;640000 | &nbsp;&nbsp;643152 |
| Roper Technologies, Inc. | 1.400% | 09/15/27 | &nbsp;&nbsp;2880000 | &nbsp;&nbsp;2738029 |
| Starbucks Corp. | 4.850% | 02/08/27 | &nbsp;&nbsp;3675000 | &nbsp;&nbsp;3711381 |
| Target Corp. | 3.375% | 04/15/29 | &nbsp;&nbsp;2870000 | &nbsp;&nbsp;2809765 |
| T-Mobile USA, Inc. | 2.250% | 02/15/26 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1984267 |
| T-Mobile USA, Inc. | 3.750% | 04/15/27 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;994115 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 65.9% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Industrials - 22.3% (Continued)** | **Industrials - 22.3% (Continued)** | **Industrials - 22.3% (Continued)** |  |  |
| Union Pacific Corp. | 3.950% | 09/10/28 | &nbsp;&nbsp;$1200000 | &nbsp;&nbsp;$1201864 |
| Verizon Communications, Inc. | 2.100% | 03/22/28 | &nbsp;&nbsp;3810000 | &nbsp;&nbsp;3633120 |
| Xylem, Inc. | 3.250% | 11/01/26 | &nbsp;&nbsp;2406000 | &nbsp;&nbsp;2381466 |
| Xylem, Inc. | 1.950% | 01/30/28 | &nbsp;&nbsp;1542000 | &nbsp;&nbsp;1470887 |
|  |  |  |  | &nbsp;&nbsp;40849689 |
| **Utilities - 11.7%** | **Utilities - 11.7%** | **Utilities - 11.7%** |  |  |
| Duke Energy Corp. | 3.150% | 08/15/27 | &nbsp;&nbsp;2266000 | &nbsp;&nbsp;2229690 |
| Emerson Electric Co. | 2.000% | 12/21/28 | &nbsp;&nbsp;4175000 | &nbsp;&nbsp;3929631 |
| Eversource Energy, Series U | 1.400% | 08/15/26 | &nbsp;&nbsp;1985000 | &nbsp;&nbsp;1937256 |
| Eversource Energy, Series DD | 5.000% | 01/01/27 | &nbsp;&nbsp;1785000 | &nbsp;&nbsp;1801500 |
| Florida Power & Light Co. | 4.400% | 05/15/28 | &nbsp;&nbsp;3690000 | &nbsp;&nbsp;3730963 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.250% | 11/01/25 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1997676 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.400% | 02/07/28 | &nbsp;&nbsp;1695000 | &nbsp;&nbsp;1670011 |
| Virginia Electric & Power Co., Series B | 2.950% | 11/15/26 | &nbsp;&nbsp;2805000 | &nbsp;&nbsp;2768759 |
| Virginia Electric & Power Co., Series A | 3.500% | 03/15/27 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;992369 |
| Xcel Energy, Inc. | 4.000% | 06/15/28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;499456 |
|  |  |  |  | &nbsp;&nbsp;21557311 |
| **Total Corporate Bonds** (Cost $119,819,590) | **Total Corporate Bonds** (Cost $119,819,590) | **Total Corporate Bonds** (Cost $119,819,590) | **Total Corporate Bonds** (Cost $119,819,590) | &nbsp;&nbsp;$121025694 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.1%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 4.3%** | **Federal Home Loan Mortgage Corporation - 4.3%** | **Federal Home Loan Mortgage Corporation - 4.3%** | **Federal Home Loan Mortgage Corporation - 4.3%** |  |
| FHLMC, Pool #SB-0037 | 2.500% | 12/01/27 | &nbsp;&nbsp;$120426 | &nbsp;&nbsp;$118793 |
| FHLMC, Pool #G1-5973 | 3.000% | 07/01/31 | &nbsp;&nbsp;435991 | &nbsp;&nbsp;426696 |
| FHLMC, Pool #V6-1479, Series V6-1479 | 2.500% | 01/01/32 | &nbsp;&nbsp;1786940 | &nbsp;&nbsp;1723912 |
| FHLMC, Pool #G1-8642 | 3.500% | 04/01/32 | &nbsp;&nbsp;579195 | &nbsp;&nbsp;570741 |
| FHLMC, Pool #ZT-1964 | 3.500% | 06/01/32 | &nbsp;&nbsp;494990 | &nbsp;&nbsp;487840 |
| FHLMC, Pool #G1-6330 | 3.500% | 08/01/32 | &nbsp;&nbsp;439409 | &nbsp;&nbsp;434454 |
| FHLMC, Series 4980, Class DB | 1.250% | 10/25/34 | &nbsp;&nbsp;1557073 | &nbsp;&nbsp;1427041 |
| FHLMC, Pool #ZS-9286 | 4.500% | 04/01/35 | &nbsp;&nbsp;527012 | &nbsp;&nbsp;529541 |
| FHLMC, Series 4125, Class KP | 2.500% | 05/15/41 | &nbsp;&nbsp;263262 | &nbsp;&nbsp;255490 |
| FHLMC, Series 4009, Class PA | 2.000% | 06/15/41 | &nbsp;&nbsp;37620 | &nbsp;&nbsp;36611 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.1% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 4.3% (Continued)** | **Federal Home Loan Mortgage Corporation - 4.3% (Continued)** | **Federal Home Loan Mortgage Corporation - 4.3% (Continued)** | **Federal Home Loan Mortgage Corporation - 4.3% (Continued)** |  |
| FHLMC, Pool #2B-0350 (RFUCCT1Y + 186) <sup>(a)</sup> | 6.860% | 04/01/42 | &nbsp;&nbsp;$948 | &nbsp;&nbsp;$958 |
| FHLMC, Series 5301, Class ED | 5.000% | 04/01/53 | &nbsp;&nbsp;1885769 | &nbsp;&nbsp;1903776 |
|  |  |  |  | &nbsp;&nbsp;7915853 |
| **Federal National Mortgage Association - 8.8%** | **Federal National Mortgage Association - 8.8%** | **Federal National Mortgage Association - 8.8%** | **Federal National Mortgage Association - 8.8%** |  |
| FNMA, Series 2013-1, Class LA | 1.250% | 02/25/28 | &nbsp;&nbsp;218354 | &nbsp;&nbsp;211970 |
| FNMA, Pool #AL9230 | 3.500% | 12/01/29 | &nbsp;&nbsp;174677 | &nbsp;&nbsp;173159 |
| FNMA, Pool #MA0384 | 5.000% | 04/01/30 | &nbsp;&nbsp;90622 | &nbsp;&nbsp;91675 |
| FNMA, Pool #FM1926 | 3.000% | 09/01/32 | &nbsp;&nbsp;435773 | &nbsp;&nbsp;427173 |
| FNMA, Series 2013-3, Class DK | 1.750% | 02/25/33 | &nbsp;&nbsp;328940 | &nbsp;&nbsp;310129 |
| FNMA, Pool #FM2287 | 4.500% | 03/01/34 | &nbsp;&nbsp;516075 | &nbsp;&nbsp;521400 |
| FNMA, Series 2020 B | 4.500% | 07/01/34 | &nbsp;&nbsp;642553 | &nbsp;&nbsp;645574 |
| FNMA, Pool #FM2989 | 3.000% | 09/01/34 | &nbsp;&nbsp;478836 | &nbsp;&nbsp;466836 |
| FNMA, Pool #AL7077 | 4.000% | 07/01/35 | &nbsp;&nbsp;336518 | &nbsp;&nbsp;332625 |
| FNMA, Pool #FM4481 | 1.500% | 10/01/35 | &nbsp;&nbsp;3881517 | &nbsp;&nbsp;3505734 |
| FNMA, Pool #CA7891 | 1.500% | 11/01/35 | &nbsp;&nbsp;827123 | &nbsp;&nbsp;752281 |
| FNMA, Series 2020-044, Class TE | 2.000% | 12/25/35 | &nbsp;&nbsp;995442 | &nbsp;&nbsp;927319 |
| FNMA, Pool #MA4330 | 2.500% | 05/01/36 | &nbsp;&nbsp;2037066 | &nbsp;&nbsp;1921301 |
| FNMA, Pool #FS6096 | 2.000% | 03/01/37 | &nbsp;&nbsp;2728695 | &nbsp;&nbsp;2532668 |
| FNMA, Series 2013-6, Class BC | 1.500% | 12/25/42 | &nbsp;&nbsp;20608 | &nbsp;&nbsp;20345 |
| FNMA, Pool #AY0089 (RFUCCT1Y + 160) <sup>(a)</sup> | 6.273% | 12/01/44 | &nbsp;&nbsp;78319 | &nbsp;&nbsp;79668 |
| FNMA, Pool #AL8183 (RFUCCT1Y + 160) <sup>(a)</sup> | 6.825% | 02/01/46 | &nbsp;&nbsp;51570 | &nbsp;&nbsp;52467 |
| FNMA, Series 2020-95, Class GA | 1.000% | 01/25/51 | &nbsp;&nbsp;4038789 | &nbsp;&nbsp;3103465 |
|  |  |  |  | &nbsp;&nbsp;16075789 |
| **Total Collateralized Mortgage Obligations** (Cost $25,420,802) | **Total Collateralized Mortgage Obligations** (Cost $25,420,802) | **Total Collateralized Mortgage Obligations** (Cost $25,420,802) | **Total Collateralized Mortgage Obligations** (Cost $25,420,802) | &nbsp;&nbsp;$23991642 |
| **MUNICIPAL BONDS - 3.5%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Allegheny County Pennsylvania, Series C-79 | 0.973% | 11/01/25 | &nbsp;&nbsp;$1835000 | &nbsp;&nbsp;$1830349 |
| Charlotte North Carolina Certificates of Participation Taxable Governmental Facilities | 4.238% | 06/01/27 | &nbsp;&nbsp;465000 | &nbsp;&nbsp;467378 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 3.5% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| Charlotte North Carolina Certificates of Participation Taxable Governmental Facilities | 4.169% | 06/01/28 | &nbsp;&nbsp;$725000 | &nbsp;&nbsp;$729053 |
| Cincinnati Children's Hospital Medical Center, Series 2016Y | 2.853% | 11/15/26 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;983468 |
| Commonwealth Financing Authority Pennsylvania Revenue, Series 2006-C | 5.197% | 06/01/26 | &nbsp;&nbsp;365000 | &nbsp;&nbsp;367849 |
| Wisconsin State General Fund Annual Appropriation Revenue, Series 2023-A | 4.330% | 05/01/27 | &nbsp;&nbsp;1460000 | &nbsp;&nbsp;1473778 |
| Wisconsin State General Fund Annual Appropriation Revenue, Series 2023-A | 4.330% | 05/01/27 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;543959 |
| **Total Municipal Bonds** (Cost $6,375,606) | **Total Municipal Bonds** (Cost $6,375,606) | **Total Municipal Bonds** (Cost $6,375,606) | **Total Municipal Bonds** (Cost $6,375,606) | &nbsp;&nbsp;$6395834 |
| **U.S. GOVERNMENT & AGENCIES - 1.1%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 1.1%** | **Federal Home Loan Mortgage Corporation - 1.1%** | **Federal Home Loan Mortgage Corporation - 1.1%** | **Federal Home Loan Mortgage Corporation - 1.1%** |  |
| FHLMC (Cost $1,955,005) | 3.810% | 07/01/29 | &nbsp;&nbsp;$2000000 | &nbsp;&nbsp;$1983622 |
| **U.S. TREASURY OBLIGATIONS - 15.4%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Notes - 15.4%** | **U.S. Treasury Notes - 15.4%** | **U.S. Treasury Notes - 15.4%** | **U.S. Treasury Notes - 15.4%** |  |
| U.S. Treasury Notes | 2.750% | 02/15/28 | &nbsp;&nbsp;$5050000 | &nbsp;&nbsp;$4950184 |
| U.S. Treasury Notes | 2.875% | 05/15/28 | &nbsp;&nbsp;6020000 | &nbsp;&nbsp;5907595 |
| U.S. Treasury Notes | 3.125% | 11/15/28 | &nbsp;&nbsp;3110000 | &nbsp;&nbsp;3062621 |
| U.S. Treasury Notes | 2.625% | 02/15/29 | &nbsp;&nbsp;5800000 | &nbsp;&nbsp;5612406 |
| U.S. Treasury Notes | 2.375% | 05/15/29 | &nbsp;&nbsp;8300000 | &nbsp;&nbsp;7938820 |
| U.S. Treasury Notes | 1.500% | 02/15/30 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;911875 |
| **Total U.S. Treasury Obligations** (Cost $27,946,448) | **Total U.S. Treasury Obligations** (Cost $27,946,448) | **Total U.S. Treasury Obligations** (Cost $27,946,448) | **Total U.S. Treasury Obligations** (Cost $27,946,448) | &nbsp;&nbsp;$28383501 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** | **JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 0.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(b)</sup> <br> (Cost $481,719) | &nbsp;&nbsp;481719 | &nbsp;&nbsp;$481719 |
| **Investments at Value - 99.2%** (Cost $181,999,170) | **Investments at Value - 99.2%** (Cost $181,999,170) | &nbsp;&nbsp;$182262012 |
| **Other Assets in Excess of Liabilities - 0.8%** | **Other Assets in Excess of Liabilities - 0.8%** | &nbsp;&nbsp;1407001 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$183669013 |

---

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | |
|:---|:---|
| plc | - Public Limited Company |
| RFUCCT | - Refinitiv USD IBOR Cash Fallbacks |
| SOFR | - Secured Overnight Financing Rate |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 60.8%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Finance - 24.2%** | **Finance - 24.2%** | **Finance - 24.2%** |  |  |
| Allstate Corp. (The) | 5.250% | 03/30/33 | &nbsp;&nbsp;$300000 | &nbsp;&nbsp;$311138 |
| American Express Co. | 5.532% | 04/25/30 | &nbsp;&nbsp;675000 | &nbsp;&nbsp;705168 |
| Bank of America Corp. | 5.202% | 04/25/29 | &nbsp;&nbsp;685000 | &nbsp;&nbsp;702074 |
| Bank of New York Mellon Corp. (The), Series J | 4.289% | 06/13/33 | &nbsp;&nbsp;735000 | &nbsp;&nbsp;723266 |
| Essex Portfolio, L.P. | 3.000% | 01/15/30 | &nbsp;&nbsp;775000 | &nbsp;&nbsp;733971 |
| Fifth Third Bancorp (SOFR + 234) <sup>(a)</sup> | 6.339% | 07/27/29 | &nbsp;&nbsp;660000 | &nbsp;&nbsp;695343 |
| Huntington Bancshares, Inc. | 4.443% | 08/04/28 | &nbsp;&nbsp;335000 | &nbsp;&nbsp;336543 |
| Huntington Bancshares, Inc. | 2.550% | 02/04/30 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;370297 |
| Iron Mountain, Inc., 144A | 5.250% | 03/15/28 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;239475 |
| JPMorgan Chase & Co. (SOFR + 379) <sup>(a)</sup> | 4.493% | 03/24/31 | &nbsp;&nbsp;775000 | &nbsp;&nbsp;782223 |
| Keycorp | 6.401% | 03/06/35 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;488259 |
| Morgan Stanley | 3.591% | 07/22/28 | &nbsp;&nbsp;945000 | &nbsp;&nbsp;935041 |
| MSCI, Inc., 144A | 4.000% | 11/15/29 | &nbsp;&nbsp;485000 | &nbsp;&nbsp;474161 |
| National Retail Properties, Inc. | 4.300% | 10/15/28 | &nbsp;&nbsp;710000 | &nbsp;&nbsp;712172 |
| PNC Financial Services Group, Inc. (The) | 3.450% | 04/23/29 | &nbsp;&nbsp;675000 | &nbsp;&nbsp;660935 |
| Prologis, Inc. | 5.125% | 01/15/34 | &nbsp;&nbsp;730000 | &nbsp;&nbsp;749814 |
| SBA Communications Corp. | 3.875% | 02/15/27 | &nbsp;&nbsp;245000 | &nbsp;&nbsp;241263 |
| Truist Financial Corp. | 2.250% | 03/11/30 | &nbsp;&nbsp;1070000 | &nbsp;&nbsp;975275 |
| U.S. Bancorp, Series BB | 4.967% | 07/22/33 | &nbsp;&nbsp;965000 | &nbsp;&nbsp;969460 |
| Wells Fargo & Co., Series O | 4.300% | 07/22/27 | &nbsp;&nbsp;755000 | &nbsp;&nbsp;757686 |
|  |  |  |  | &nbsp;&nbsp;12563564 |
| **Industrials - 27.3%** | **Industrials - 27.3%** | **Industrials - 27.3%** |  |  |
| ADT, Inc., 144A | 4.125% | 08/01/29 | &nbsp;&nbsp;265000 | &nbsp;&nbsp;256324 |
| Allison Transmission, Inc., 144A | 4.750% | 10/01/27 | &nbsp;&nbsp;245000 | &nbsp;&nbsp;243284 |
| Ball Corp. | 6.875% | 03/15/28 | &nbsp;&nbsp;445000 | &nbsp;&nbsp;453354 |
| Becton Dickinson & Co. | 3.700% | 06/06/27 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;218539 |
| Becton Dickinson & Co. | 2.823% | 05/20/30 | &nbsp;&nbsp;330000 | &nbsp;&nbsp;309501 |
| Bellring Brands, Inc., 144A | 7.000% | 03/15/30 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;490777 |
| CVS Health Corp. | 4.300% | 03/25/28 | &nbsp;&nbsp;615000 | &nbsp;&nbsp;615377 |
| Dover Corp. | 2.950% | 11/04/29 | &nbsp;&nbsp;545000 | &nbsp;&nbsp;518407 |
| Duke Energy Corp. | 2.450% | 06/01/30 | &nbsp;&nbsp;785000 | &nbsp;&nbsp;723087 |
| Element Solutions, Inc., 144A | 3.875% | 09/01/28 | &nbsp;&nbsp;260000 | &nbsp;&nbsp;252327 |
| ESAB Corp., 144A | 6.250% | 04/15/29 | &nbsp;&nbsp;225000 | &nbsp;&nbsp;231234 |
| HCA Healthcare, Inc. | 5.600% | 04/01/34 | &nbsp;&nbsp;470000 | &nbsp;&nbsp;488046 |
| Hologic, Inc., 144A | 3.250% | 02/15/29 | &nbsp;&nbsp;390000 | &nbsp;&nbsp;376579 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 60.8% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Industrials - 27.3% (Continued)** | **Industrials - 27.3% (Continued)** | **Industrials - 27.3% (Continued)** |  |  |
| Home Depot, Inc. (The) | 4.750% | 06/25/29 | &nbsp;&nbsp;$450000 | &nbsp;&nbsp;$461026 |
| Honeywell International, Inc. | 5.000% | 02/15/33 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;205585 |
| Honeywell International, Inc. | 5.000% | 03/01/35 | &nbsp;&nbsp;810000 | &nbsp;&nbsp;822637 |
| Johnson Controls International plc | 3.900% | 02/14/26 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;99785 |
| Kroger Co. | 1.700% | 01/15/31 | &nbsp;&nbsp;590000 | &nbsp;&nbsp;515732 |
| Mattel, Inc., 144A | 3.750% | 04/01/29 | &nbsp;&nbsp;255000 | &nbsp;&nbsp;246677 |
| Parker-Hannifin Corp. | 3.250% | 03/01/27 | &nbsp;&nbsp;385000 | &nbsp;&nbsp;381022 |
| PepsiCo, Inc., Series 2020 D | 5.000% | 02/07/35 | &nbsp;&nbsp;960000 | &nbsp;&nbsp;981980 |
| Rolls Royce Holdings plc, 144A | 5.750% | 10/15/27 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;410865 |
| Roper Technologies, Inc. | 1.750% | 02/15/31 | &nbsp;&nbsp;860000 | &nbsp;&nbsp;749519 |
| Sealed Air Corp., 144A | 6.500% | 07/15/32 | &nbsp;&nbsp;235000 | &nbsp;&nbsp;243650 |
| SS&C Technologies, Inc., 144A | 5.500% | 09/30/27 | &nbsp;&nbsp;245000 | &nbsp;&nbsp;244995 |
| Target Corp. | 5.000% | 04/15/35 | &nbsp;&nbsp;970000 | &nbsp;&nbsp;981952 |
| T-Mobile U.S., Inc. | 2.625% | 02/15/29 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;512620 |
| TransDigm, Inc., 144A | 6.375% | 03/01/29 | &nbsp;&nbsp;235000 | &nbsp;&nbsp;240376 |
| Twilio, Inc. | 3.625% | 03/15/29 | &nbsp;&nbsp;255000 | &nbsp;&nbsp;243073 |
| United Rentals North America, Inc. | 4.875% | 01/15/28 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;473796 |
| Verizon Communications, Inc. | 2.100% | 03/22/28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;476787 |
| Walmart, Inc. | 4.900% | 04/28/35 | &nbsp;&nbsp;485000 | &nbsp;&nbsp;498347 |
| Yum! Brands, Inc., 144A | 4.750% | 01/15/30 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;228501 |
|  |  |  |  | &nbsp;&nbsp;14195761 |
| **Utilities - 9.3%** | **Utilities - 9.3%** | **Utilities - 9.3%** |  |  |
| Berkshire Hathaway, Inc. | 3.700% | 07/15/30 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;293924 |
| Eversource Energy, Series BB | 5.125% | 05/15/33 | &nbsp;&nbsp;715000 | &nbsp;&nbsp;725111 |
| Florida Power & Light Co. | 5.100% | 04/01/33 | &nbsp;&nbsp;925000 | &nbsp;&nbsp;957236 |
| Georgia Power Co., Series 2019B | 2.650% | 09/15/29 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;217796 |
| Interstate Power & Light Co. | 4.100% | 09/26/28 | &nbsp;&nbsp;705000 | &nbsp;&nbsp;703481 |
| MPLX, L.P. | 5.500% | 06/01/34 | &nbsp;&nbsp;470000 | &nbsp;&nbsp;479161 |
| National Rural Utilities Cooperative Finance Corp. (The) | 3.400% | 02/07/28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;492629 |
| Virginia Electric & Power Co., Series A | 3.500% | 03/15/27 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;213359 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **CORPORATE BONDS - 60.8% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Utilities - 9.3% (Continued)** | **Utilities - 9.3% (Continued)** | **Utilities - 9.3% (Continued)** |  |  |
| Xcel Energy, Inc. | 3.400% | 06/01/30 | &nbsp;&nbsp;$750000 | &nbsp;&nbsp;$719328 |
|  |  |  |  | &nbsp;&nbsp;4802025 |
| **Total Corporate Bonds** (Cost $30,940,255) | **Total Corporate Bonds** (Cost $30,940,255) | **Total Corporate Bonds** (Cost $30,940,255) | **Total Corporate Bonds** (Cost $30,940,255) | &nbsp;&nbsp;$31561350 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 27.3%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal Home Loan Mortgage Corporation - 8.6%** | **Federal Home Loan Mortgage Corporation - 8.6%** | **Federal Home Loan Mortgage Corporation - 8.6%** | **Federal Home Loan Mortgage Corporation - 8.6%** |  |
| FHLMC, Pool #ZS-9278 | 4.000% | 05/01/37 | &nbsp;&nbsp;$251291 | &nbsp;&nbsp;$247966 |
| FHLMC, Pool #ZS-9278 | 2.000% | 05/01/42 | &nbsp;&nbsp;1299197 | &nbsp;&nbsp;1128728 |
| FHLMC, Series 4709, Class EA | 3.000% | 01/15/46 | &nbsp;&nbsp;502555 | &nbsp;&nbsp;489419 |
| FHLMC, Series 5220, Class KC | 3.500% | 01/25/46 | &nbsp;&nbsp;248857 | &nbsp;&nbsp;242829 |
| FHLMC, Pool #SD-0695 | 4.000% | 12/01/49 | &nbsp;&nbsp;952691 | &nbsp;&nbsp;919522 |
| FHLMC, Pool #QC-6512 | 2.500% | 09/01/51 | &nbsp;&nbsp;680787 | &nbsp;&nbsp;584252 |
| FHLMC, Series 5189, Class PG | 2.500% | 09/25/51 | &nbsp;&nbsp;243569 | &nbsp;&nbsp;225474 |
| FHLMC, Pool #SD-0767 | 3.000% | 11/01/51 | &nbsp;&nbsp;381408 | &nbsp;&nbsp;340760 |
| FHLMC, Series 5301, Class ED | 5.000% | 04/01/53 | &nbsp;&nbsp;264008 | &nbsp;&nbsp;266529 |
|  |  |  |  | &nbsp;&nbsp;4445479 |
| **Federal National Mortgage Association - 17.8%** | **Federal National Mortgage Association - 17.8%** | **Federal National Mortgage Association - 17.8%** | **Federal National Mortgage Association - 17.8%** |  |
| FNMA, Pool #MA1222 | 4.000% | 10/01/32 | &nbsp;&nbsp;229285 | &nbsp;&nbsp;227777 |
| FNMA, Pool #AL5491 | 4.000% | 06/01/34 | &nbsp;&nbsp;212445 | &nbsp;&nbsp;210517 |
| FNMA, Series 2022-25, Class KA | 1.520% | 08/21/35 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;748042 |
| FNMA, Series 2025-52, Class HV | 3.500% | 10/25/36 | &nbsp;&nbsp;508514 | &nbsp;&nbsp;483612 |
| FNMA, Pool #MA3071 | 4.000% | 07/01/37 | &nbsp;&nbsp;282859 | &nbsp;&nbsp;278551 |
| FNMA, Pool #FM9469 | 4.000% | 08/01/39 | &nbsp;&nbsp;174222 | &nbsp;&nbsp;170414 |
| FNMA, Pool #FS9716 | 2.000% | 08/01/42 | &nbsp;&nbsp;1220774 | &nbsp;&nbsp;1062879 |
| FNMA, Pool #AU7025 | 3.000% | 11/01/43 | &nbsp;&nbsp;300102 | &nbsp;&nbsp;276463 |
| FNMA, Pool #MA2895 | 3.000% | 02/01/47 | &nbsp;&nbsp;365765 | &nbsp;&nbsp;330819 |
| FNMA, Pool #CA2479 | 4.500% | 10/01/48 | &nbsp;&nbsp;803974 | &nbsp;&nbsp;797041 |
| FNMA, Pool #FS4218 | 4.000% | 10/01/49 | &nbsp;&nbsp;799605 | &nbsp;&nbsp;777498 |
| FNMA, Pool #FS8716 | 3.500% | 08/01/50 | &nbsp;&nbsp;1277539 | &nbsp;&nbsp;1193575 |
| FNMA, Pool #CB0734 | 3.000% | 06/01/51 | &nbsp;&nbsp;509068 | &nbsp;&nbsp;454966 |
| FNMA, Pool #FA0053 | 4.000% | 08/01/51 | &nbsp;&nbsp;1003570 | &nbsp;&nbsp;960352 |
| FNMA, Pool #FS1074 | 3.000% | 03/01/52 | &nbsp;&nbsp;742562 | &nbsp;&nbsp;665841 |
| FNMA, Pool #FS4520 | 3.000% | 04/01/52 | &nbsp;&nbsp;370026 | &nbsp;&nbsp;330572 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 27.3% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Federal National Mortgage Association - 17.8% (Continued)** | **Federal National Mortgage Association - 17.8% (Continued)** | **Federal National Mortgage Association - 17.8% (Continued)** | **Federal National Mortgage Association - 17.8% (Continued)** |  |
| FNMA, Pool #FS4608 | 3.000% | 05/01/52 | &nbsp;&nbsp;$321844 | &nbsp;&nbsp;$288039 |
|  |  |  |  | &nbsp;&nbsp;9256958 |
| **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** | **Government National Mortgage Association - 0.9%** |  |
| GNMA, Pool #MA7852M | 2.000% | 02/20/37 | &nbsp;&nbsp;520512 | &nbsp;&nbsp;484705 |
| **Total Collateralized Mortgage Obligations** (Cost $14,052,147) | **Total Collateralized Mortgage Obligations** (Cost $14,052,147) | **Total Collateralized Mortgage Obligations** (Cost $14,052,147) | **Total Collateralized Mortgage Obligations** (Cost $14,052,147) | &nbsp;&nbsp;$14187142 |
| **U.S. TREASURY OBLIGATIONS - 10.7%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **U.S. Treasury Bonds - 7.6%** | **U.S. Treasury Bonds - 7.6%** | **U.S. Treasury Bonds - 7.6%** | **U.S. Treasury Bonds - 7.6%** |  |
| U.S. Treasury Bonds | 4.250% | 05/15/39 | &nbsp;&nbsp;$190000 | &nbsp;&nbsp;$187031 |
| U.S. Treasury Bonds | 2.250% | 05/15/41 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;963016 |
| U.S. Treasury Bonds | 2.375% | 02/15/42 | &nbsp;&nbsp;1310000 | &nbsp;&nbsp;970423 |
| U.S. Treasury Bonds | 2.500% | 02/15/45 | &nbsp;&nbsp;1200000 | &nbsp;&nbsp;859500 |
| U.S. Treasury Bonds | 2.750% | 08/15/47 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;217406 |
| U.S. Treasury Bonds | 2.000% | 02/15/50 | &nbsp;&nbsp;260000 | &nbsp;&nbsp;155472 |
| U.S. Treasury Bonds | 2.000% | 08/15/51 | &nbsp;&nbsp;1025000 | &nbsp;&nbsp;600426 |
|  |  |  |  | &nbsp;&nbsp;3953274 |
| **U.S. Treasury Notes - 3.1%** | **U.S. Treasury Notes - 3.1%** | **U.S. Treasury Notes - 3.1%** | **U.S. Treasury Notes - 3.1%** |  |
| U.S. Treasury Notes <sup>(b)</sup> | 1.625% | 05/15/26 | &nbsp;&nbsp;180000 | &nbsp;&nbsp;177603 |
| U.S. Treasury Notes | 2.750% | 07/31/27 | &nbsp;&nbsp;60000 | &nbsp;&nbsp;59063 |
| U.S. Treasury Notes | 2.875% | 05/15/32 | &nbsp;&nbsp;1250000 | &nbsp;&nbsp;1175195 |
| U.S. Treasury Notes | 4.625% | 02/15/35 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;155906 |
|  |  |  |  | &nbsp;&nbsp;1567767 |
| **Total U.S. Treasury Obligations** (Cost $5,971,653) | **Total U.S. Treasury Obligations** (Cost $5,971,653) | **Total U.S. Treasury Obligations** (Cost $5,971,653) | **Total U.S. Treasury Obligations** (Cost $5,971,653) | &nbsp;&nbsp;$5521041 |
| **PREFERRED STOCKS - 0.3%** | **PREFERRED STOCKS - 0.3%** | **PREFERRED STOCKS - 0.3%** | **Shares** | **Value** |
| **Financials - 0.3%** | **Financials - 0.3%** | **Financials - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $170,386) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $170,386) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. (The), 5.10%, 01/15/53 (Cost $170,386) | &nbsp;&nbsp;6500 | &nbsp;&nbsp;$169845 |

---

---

| | | |
|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 0.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class Z, 4.01% <sup>(c)</sup> <br> (Cost $83,916) | &nbsp;&nbsp;83916 | &nbsp;&nbsp;$83916 |
| **Investments at Value - 99.3%** (Cost $51,218,357) | **Investments at Value - 99.3%** (Cost $51,218,357) | &nbsp;&nbsp;$51523294 |
| **Other Assets in Excess of Liabilities - 0.7%** | **Other Assets in Excess of Liabilities - 0.7%** | &nbsp;&nbsp;386457 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$51909751 |

---

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically.

<sup>(b)</sup> All or a portion of the security is segregated as collateral on futures contracts. Total fair value of collateral as of September 30, 2025 is $148,022.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

---

| | |
|:---|:---|
| 144A | - Security was purchased in a transaction exempt from registration in compliance with Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. The total value of such securities is $4,179,225 as of September 30, 2025, representing 8.1% of net assets. |
| plc | - Public Limited Company |
| SOFR | - Secured Overnight Financing Rate |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | **JOHNSON CORE PLUS BOND FUND** | | |
| **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | | |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | | |
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value at Purchase** | <br>**Notional Value** | <br>**Value/Unrealized Appreciation** |
| **Treasury Futures** | **Treasury Futures** | **Treasury Futures** | **Treasury Futures** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bond Future | 18 | 12/19/2025 | $2057805 | &nbsp;&nbsp;$2098687 | &nbsp;&nbsp;$40883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra 10-Year U.S. Treasury Note Future | 10 | 12/19/2025 | 1144787 | &nbsp;&nbsp;1150781 | &nbsp;&nbsp;5993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra U.S. Treasury Bond Future | 7 | 12/19/2025 | 817211 | &nbsp;&nbsp;840438 | &nbsp;&nbsp;23227 |
| **Total Futures Contracts** |  |  | $4019803 | &nbsp;&nbsp;$4089906 | &nbsp;&nbsp;$70103 |
| The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. | The average monthly notional value of futures contracts during the nine months ended September 30, 2025 was $3,908,337. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **MUNICIPAL BONDS - 98.4%** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Anticipation Notes - City - 0.7%** | **Anticipation Notes - City - 0.7%** | **Anticipation Notes - City - 0.7%** | **Anticipation Notes - City - 0.7%** |  |
| Fairfield Ohio Bond Anticipation Notes Various Purpose | 4.000% | 04/14/26 | &nbsp;&nbsp;$688000 | &nbsp;&nbsp;$692687 |
| Lakewood Ohio Anticipation Notes Various Purpose Improvement | 4.000% | 04/09/26 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;502417 |
|  |  |  |  | &nbsp;&nbsp;1195104 |
| **General Obligation - City - 8.7%** | **General Obligation - City - 8.7%** | **General Obligation - City - 8.7%** | **General Obligation - City - 8.7%** |  |
| Akron Ohio Various Purpose, Series 2024 | 4.250% | 12/01/44 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;973798 |
| Cincinnati Ohio GO Unlimited, Series 2017-A | 4.000% | 12/01/32 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1026787 |
| Cincinnati Ohio Various Purpose Improvement, Series B | 4.000% | 12/01/44 | &nbsp;&nbsp;920000 | &nbsp;&nbsp;873236 |
| Dayton Ohio Refunding and Improvement, Series 2024 | 5.000% | 12/01/41 | &nbsp;&nbsp;1005000 | &nbsp;&nbsp;1073372 |
| Frisco Texas Certificates Obligation, Series B | 5.000% | 02/15/37 | &nbsp;&nbsp;565000 | &nbsp;&nbsp;637800 |
| Grandview Heights Ohio Municipal Facilities Construction and Improvement, <br> Series 2023 | 4.000% | 12/01/46 | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;2821760 |
| Jefferson Township Ohio Fire Facilities | 5.000% | 12/01/38 | &nbsp;&nbsp;520000 | &nbsp;&nbsp;579696 |
| Jefferson Township Ohio Fire Facilities | 4.500% | 12/01/44 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;436350 |
| Kirtland Ohio Various Purpose Notes | 5.000% | 04/15/26 | &nbsp;&nbsp;1500000 | &nbsp;&nbsp;1520486 |
| Lakewood Ohio GO Limited, Series A | 5.000% | 12/01/36 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;509971 |
| Pearland Texas Certificates Obligation, <br> Series B | 5.000% | 09/01/32 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;475971 |
| Pearland Texas Certificates Obligation, <br> Series B | 5.250% | 09/01/50 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;529644 |
| Reynoldsburg Ohio Capital Facilities, <br> Series 2024 | 4.250% | 12/01/49 | &nbsp;&nbsp;1450000 | &nbsp;&nbsp;1380875 |
| Reynoldsburg Ohio Capital Facilities, <br> Series 2024 | 4.250% | 12/01/50 | &nbsp;&nbsp;1510000 | &nbsp;&nbsp;1435355 |
| Seven Hills Ohio Bond Anticipation Notes Various Purpose, Series 2025 | 4.125% | 04/02/26 | &nbsp;&nbsp;465000 | &nbsp;&nbsp;468298 |
| White Settlement Texas Refunding, <br> Series 2025 | 5.000% | 02/15/34 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1146139 |
|  |  |  |  | &nbsp;&nbsp;15889538 |
| **General Obligation - County - 0.5%** | **General Obligation - County - 0.5%** | **General Obligation - County - 0.5%** | **General Obligation - County - 0.5%** |  |
| Lucas County Ohio GO Limited, Series 2017 | 4.000% | 10/01/28 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1000956 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **General Obligation - State - 0.3%** | **General Obligation - State - 0.3%** | **General Obligation - State - 0.3%** | **General Obligation - State - 0.3%** |  |
| Ohio State Common Schools, Series 2025-A | 5.000% | 06/15/42 | &nbsp;&nbsp;$500000 | &nbsp;&nbsp;$544814 |
| **Higher Education - 22.3%** | **Higher Education - 22.3%** | **Higher Education - 22.3%** | **Higher Education - 22.3%** |  |
| Bowling Green State University Ohio Revenue, Series 2020-A | 4.000% | 06/01/45 | &nbsp;&nbsp;2830000 | &nbsp;&nbsp;2576609 |
| Cuyahoga County Ohio Community College GO Unlimited, Series 2018 | 4.000% | 12/01/33 | &nbsp;&nbsp;1275000 | &nbsp;&nbsp;1283603 |
| Illinois Finance Authority Revenue Refunding Illinois Wesleyan University, Series 2016 | 5.000% | 09/01/26 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;591369 |
| Indiana Financial Authorities Educational Facilities Revenue, Series 2024 | 5.000% | 02/01/28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;525736 |
| Indiana Financial Authorities Educational Facilities Revenue, Series 2021 | 4.000% | 02/01/29 | &nbsp;&nbsp;940000 | &nbsp;&nbsp;977186 |
| Indiana Financial Authorities Educational Facilities Revenue, Series 2021 | 5.000% | 02/01/32 | &nbsp;&nbsp;1065000 | &nbsp;&nbsp;1178535 |
| Kent State University Ohio Revenue, <br> Series 2020-A | 5.000% | 05/01/45 | &nbsp;&nbsp;950000 | &nbsp;&nbsp;973921 |
| Miami University Ohio General Receipts Revenue, Series 2020-A | 4.000% | 09/01/45 | &nbsp;&nbsp;3110000 | &nbsp;&nbsp;2906348 |
| Ohio Higher Education Facilities Revenue - Case Western Reserve University, <br> Series 2021-A | 4.000% | 12/01/44 | &nbsp;&nbsp;1250000 | &nbsp;&nbsp;1176025 |
| Ohio Higher Education Facilities Revenue - Denison University, Series 2017-A | 5.000% | 11/01/42 | &nbsp;&nbsp;1700000 | &nbsp;&nbsp;1716354 |
| Ohio Higher Education Facilities Revenue - Denison University, Series 2021-A | 5.000% | 11/01/53 | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;5113950 |
| Ohio Higher Education Facilities Revenue - John Carroll | 5.000% | 10/01/29 | &nbsp;&nbsp;565000 | &nbsp;&nbsp;598076 |
| Ohio Higher Education Facilities Revenue - John Carroll | 5.000% | 10/01/30 | &nbsp;&nbsp;935000 | &nbsp;&nbsp;998270 |
| Ohio Higher Education Facilities Revenue - Kenyon College | 4.000% | 07/01/40 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;668344 |
| Ohio Higher Education Facilities Revenue - Oberlin College, Series A | 5.250% | 10/01/53 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1044138 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** |  |
| Ohio Higher Education Facilities Revenue - University of Dayton, Series 2018-B | 4.000% | 12/01/33 | &nbsp;&nbsp;$620000 | &nbsp;&nbsp;$629201 |
| Ohio Higher Education Facilities Revenue - University of Dayton, Series 2018-A | 5.000% | 02/01/35 | &nbsp;&nbsp;1350000 | &nbsp;&nbsp;1444741 |
| Ohio Higher Education Facilities Revenue - University of Dayton | 4.000% | 02/01/36 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;1056815 |
| Ohio Higher Education Facilities Revenue - University of Dayton, Series 2018-A | 5.000% | 12/01/36 | &nbsp;&nbsp;2010000 | &nbsp;&nbsp;2074234 |
| Ohio Higher Education Facilities Revenue - Xavier University | 5.000% | 05/01/29 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;641961 |
| Ohio Higher Education Facilities Revenue - Xavier University, Series 2020 | 5.000% | 05/01/29 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;577765 |
| Ohio Higher Education Facilities Revenue - Xavier University, Series 2020 | 5.000% | 05/01/30 | &nbsp;&nbsp;570000 | &nbsp;&nbsp;617541 |
| Ohio Higher Education Facilities Revenue - Xavier University, Series 2020 | 5.000% | 05/01/32 | &nbsp;&nbsp;630000 | &nbsp;&nbsp;673697 |
| Ohio Higher Education Facilities Revenue - Xavier University | 5.000% | 05/01/32 | &nbsp;&nbsp;605000 | &nbsp;&nbsp;663725 |
| Ohio Higher Education Facilities Revenue - Xavier University | 4.500% | 05/01/36 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;981022 |
| Ohio Higher Education Facilities Revenue - Xavier University, Series 2020 | 4.000% | 05/01/38 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;566873 |
| Ohio State University General Receipts, <br> Series 2023-C | 5.250% | 12/01/46 | &nbsp;&nbsp;535000 | &nbsp;&nbsp;569751 |
| Ohio State University General Receipts, <br> Series 2021-A | 4.000% | 12/01/48 | &nbsp;&nbsp;2270000 | &nbsp;&nbsp;2072734 |
| University of Akron Ohio General Receipts Revenue, Series 2015-A | 5.000% | 01/01/28 | &nbsp;&nbsp;410000 | &nbsp;&nbsp;410640 |
| University of Akron Ohio General Receipts Revenue, Series 2014-A | 5.000% | 01/01/29 | &nbsp;&nbsp;650000 | &nbsp;&nbsp;650979 |
| University of Akron Ohio General Receipts Revenue, Series 2016-A | 5.000% | 01/01/29 | &nbsp;&nbsp;435000 | &nbsp;&nbsp;441323 |
| University of Akron Ohio General Receipts Revenue, Series 2015-A | 5.000% | 01/01/30 | &nbsp;&nbsp;720000 | &nbsp;&nbsp;720987 |
| University of Akron Ohio General Receipts Revenue, Series 2021-A | 5.000% | 01/01/31 | &nbsp;&nbsp;390000 | &nbsp;&nbsp;433753 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** | **Higher Education - 22.3% (Continued)** |  |
| University of Akron Ohio General Receipts Revenue, Series 2016-A | 5.000% | 01/01/33 | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$1011456 |
| University of Akron Ohio General Receipts Revenue, Series 2018-A | 5.000% | 01/01/34 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;419046 |
| University of Cincinnati General Receipts Revenue, Series 2024-A | 5.250% | 06/01/54 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1044488 |
| University of North Dakota Certificate of Participation, Series 2021-A | 4.000% | 06/01/37 | &nbsp;&nbsp;555000 | &nbsp;&nbsp;557917 |
|  |  |  |  | &nbsp;&nbsp;40589113 |
| **Hospital/Health Bonds - 10.8%** | **Hospital/Health Bonds - 10.8%** | **Hospital/Health Bonds - 10.8%** | **Hospital/Health Bonds - 10.8%** |  |
| Allen County Ohio Hospital Facilities Revenue Bons Secours Mercy Health | 5.000% | 12/01/30 | &nbsp;&nbsp;380000 | &nbsp;&nbsp;416468 |
| Franklin County Ohio Hospital Revenue Nationwide Childrens, Series 2016-C | 4.000% | 11/01/36 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;800779 |
| Franklin County Ohio Hospital Revenue Nationwide Childrens, Series 2016-C | 4.000% | 11/01/40 | &nbsp;&nbsp;1340000 | &nbsp;&nbsp;1297829 |
| Franklin County Ohio Hospital Revenue Nationwide Childrens, Series 2019-A | 5.000% | 11/01/48 | &nbsp;&nbsp;1500000 | &nbsp;&nbsp;1580102 |
| Hamilton County Ohio Hospital Facilities Revenue Cincinnati Children's, <br> Series 2019-CC | 5.000% | 11/15/41 | &nbsp;&nbsp;2410000 | &nbsp;&nbsp;2666490 |
| Montgomery County Ohio Hospital Revenue Dayton Childrens, Series 2021 | 4.000% | 08/01/39 | &nbsp;&nbsp;1200000 | &nbsp;&nbsp;1189775 |
| Montgomery County Ohio Hospital Revenue Dayton Childrens, Series 2021 | 4.000% | 08/01/46 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1827698 |
| Ohio Hospital Facility Revenue Refunding Cleveland Clinic Health, Series 2017-A | 4.000% | 01/01/36 | &nbsp;&nbsp;3100000 | &nbsp;&nbsp;3119125 |
| Ohio Hospital Facility Revenue Refunding Cleveland Clinic Health, Series 2019-B | 4.000% | 01/01/42 | &nbsp;&nbsp;1320000 | &nbsp;&nbsp;1266109 |
| Ohio State Hospital Revenue University Hospital Health System Incorporate, Series 2020-A | 5.000% | 01/15/50 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;758375 |
| Pennsylvania Economic Development Financing Authority UPMC Revenue, Series 2025-A | 5.000% | 03/15/60 | &nbsp;&nbsp;3610000 | &nbsp;&nbsp;3974224 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Hospital/Health Bonds - 10.8% (Continued)** | **Hospital/Health Bonds - 10.8% (Continued)** | **Hospital/Health Bonds - 10.8% (Continued)** | **Hospital/Health Bonds - 10.8% (Continued)** |  |
| South Carolina Jobs Economic Development Authority Hospital Facilities Revenue Bond Secours Mercy Health Incorporate, Series 2025-B-2 | 5.000% | 11/01/49 | &nbsp;&nbsp;$700000 | &nbsp;&nbsp;$773429 |
|  |  |  |  | &nbsp;&nbsp;19670403 |
| **Housing - 7.2%** | **Housing - 7.2%** | **Housing - 7.2%** | **Housing - 7.2%** |  |
| Colorado State Certificate of Participation, Series 2020-A | 4.000% | 12/15/39 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1985713 |
| Columbus Franklin County Ohio Finance Authority Multifamily Housing, Series A | 4.460% | 11/01/44 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1946528 |
| FHLMC, Series M-053 | 2.550% | 06/15/35 | &nbsp;&nbsp;3540000 | &nbsp;&nbsp;3166109 |
| FHLMC Multifamily ML Certificates (Freddie Mac Guaranty Agreement), Series A-US | 3.400% | 01/25/36 | &nbsp;&nbsp;1794092 | &nbsp;&nbsp;1702287 |
| Kentucky Certificates of Participation, <br> Series A | 4.000% | 04/15/31 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;514763 |
| Kentucky Property and Buildings Commission Revenue, Series A | 5.000% | 05/01/34 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;558197 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue, Series 2019-C | 3.875% | 05/01/50 | &nbsp;&nbsp;790000 | &nbsp;&nbsp;795459 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue, Series 2020-C | 3.500% | 11/01/50 | &nbsp;&nbsp;1470000 | &nbsp;&nbsp;1469960 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue, Series 2020-A | 3.500% | 11/01/50 | &nbsp;&nbsp;455000 | &nbsp;&nbsp;454990 |
| Ohio Housing Finance Agency Residential Mortgage Revenue, Series 2017-A | 3.700% | 03/01/32 | &nbsp;&nbsp;520000 | &nbsp;&nbsp;520490 |
|  |  |  |  | &nbsp;&nbsp;13114496 |
| **Multi-Family Housing - 2.1%** | **Multi-Family Housing - 2.1%** | **Multi-Family Housing - 2.1%** | **Multi-Family Housing - 2.1%** |  |
| Denver Colorado City and County Multi Family Housing Revenue, Series 2025-B | 5.000% | 10/01/28 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1038687 |
| Durham North Carolina Housing Authority Multi Family Housing Revenue, <br> Series 2025 | 3.625% | 04/01/29 | &nbsp;&nbsp;1120000 | &nbsp;&nbsp;1138974 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Multi-Family Housing - 2.1% (Continued)** | **Multi-Family Housing - 2.1% (Continued)** | **Multi-Family Housing - 2.1% (Continued)** | **Multi-Family Housing - 2.1% (Continued)** |  |
| Greene County Ohio Port Authority Multi Family Housing Revenue, Series 2025 | 4.660% | 12/01/40 | &nbsp;&nbsp;$610000 | &nbsp;&nbsp;$628639 |
| Ohio Housing Finance Agency Multi Family Revenue, Series 2025 | 3.700% | 11/01/47 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1012493 |
|  |  |  |  | &nbsp;&nbsp;3818793 |
| **Other Revenue - 15.0%** | **Other Revenue - 15.0%** | **Other Revenue - 15.0%** | **Other Revenue - 15.0%** |  |
| Akron Ohio Income Tax Revenue, Series 2019 | 4.000% | 12/01/31 | &nbsp;&nbsp;870000 | &nbsp;&nbsp;894618 |
| American Municipal Power Ohio Incorporate Revenue - Hydroelectric Projects, <br> Series 2024-A | 5.000% | 02/15/42 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;528229 |
| American Municipal Power Ohio Incorporate Revenue - Hydroelectric Projects, <br> Series 2024-A | 5.000% | 02/15/43 | &nbsp;&nbsp;710000 | &nbsp;&nbsp;744805 |
| American Municipal Power Ohio Incorporate Revenue - Hydroelectric Projects, <br> Series 2024-A | 5.000% | 02/15/44 | &nbsp;&nbsp;740000 | &nbsp;&nbsp;771841 |
| Baytown Texas Certificates Obligation, <br> Series 2022 | 4.250% | 02/01/40 | &nbsp;&nbsp;1045000 | &nbsp;&nbsp;1046198 |
| Black Belt Energy Gas District Alabama Gas Project Revenue Project Number 6, <br> Series B | 4.000% | 10/01/52 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;586823 |
| Black Belt Energy Gas District Alabama Gas Project Revenue Refunding, Series D-1 | 5.500% | 06/01/49 | &nbsp;&nbsp;2815000 | &nbsp;&nbsp;3005732 |
| Concord Industry Community Schools Building Corp., Series 2024 | 5.000% | 07/15/41 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1080269 |
| Energy Southeast Alabama Cooperative District Energy Supply Revenue, <br> Series A-1 | 5.500% | 11/01/53 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;549253 |
| Energy Southeast Alabama Cooperative District Energy Supply Revenue, Series B | 5.250% | 07/01/54 | &nbsp;&nbsp;2525000 | &nbsp;&nbsp;2762994 |
| Hamilton County Ohio Economic Development King Highland Community Urban Redevelopment Corp. Revenue, Series 2015 | 5.000% | 06/01/30 | &nbsp;&nbsp;655000 | &nbsp;&nbsp;655949 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Other Revenue - 15.0% (Continued)** | **Other Revenue - 15.0% (Continued)** | **Other Revenue - 15.0% (Continued)** | **Other Revenue - 15.0% (Continued)** |  |
| Mobile Alabama Industrial Development Board Pollution Control Revenue, <br> Series 2008-B | 3.300% | 07/15/34 | &nbsp;&nbsp;$2000000 | &nbsp;&nbsp;$2001012 |
| Monroe County Georgia Development Authority Pollution Control Revenue, Series 2009 | 1.000% | 07/01/49 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;976004 |
| Ohio Turnpike Revenue, Series 2021-A | 5.000% | 02/15/46 | &nbsp;&nbsp;1990000 | &nbsp;&nbsp;2051529 |
| Port Greater Cincinnati Development Authority Ohio Tax Increment Revenue, Series 2024 | 5.000% | 12/01/44 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;975907 |
| Riversouth Ohio Authority Revenue, <br> Series 2016 | 4.000% | 12/01/31 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;701107 |
| Rockport Industry Pollution Control Revenue Refunding Industry Michigan Power Co., Series 2025-A | 3.700% | 06/01/47 | &nbsp;&nbsp;1850000 | &nbsp;&nbsp;1895173 |
| St. Xavier High School, Inc. Ohio Revenue, Series 2020-A | 4.000% | 04/01/36 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;404028 |
| St. Xavier High School, Inc. Ohio Revenue, Series 2020-A | 4.000% | 04/01/37 | &nbsp;&nbsp;575000 | &nbsp;&nbsp;577135 |
| St. Xavier High School, Inc. Ohio Revenue, Series 2020-A | 4.000% | 04/01/38 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;398046 |
| St. Xavier High School, Inc. Ohio Revenue, Series 2020-A | 4.000% | 04/01/39 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;392609 |
| Summit County Ohio Development Finance Authority, Series 2018 | 4.000% | 12/01/28 | &nbsp;&nbsp;435000 | &nbsp;&nbsp;435676 |
| Texas Municipal Gas Acquisition and Supply Corp. V Gas Supply Revenue | 5.000% | 01/01/55 | &nbsp;&nbsp;1170000 | &nbsp;&nbsp;1264708 |
| Wise County Virginia Industrial Development Authority Solid Waste and Disposal Revenue - Virginia Electric and Power Co. Project, Series A | 3.800% | 11/01/40 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp;2538011 |
|  |  |  |  | &nbsp;&nbsp;27237656 |
| **Revenue Bonds - Facility - 0.3%** | **Revenue Bonds - Facility - 0.3%** | **Revenue Bonds - Facility - 0.3%** | **Revenue Bonds - Facility - 0.3%** |  |
| Franklin County Convention Facilities Authority, Series 2019 | 5.000% | 12/01/32 | &nbsp;&nbsp;505000 | &nbsp;&nbsp;549354 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Revenue Bonds - Water & Sewer - 4.6%** | **Revenue Bonds - Water & Sewer - 4.6%** | **Revenue Bonds - Water & Sewer - 4.6%** | **Revenue Bonds - Water & Sewer - 4.6%** |  |
| Ohio State Water Development Authority Revenue, Series 2021 | 5.000% | 06/01/46 | &nbsp;&nbsp;$4215000 | &nbsp;&nbsp;$4388816 |
| Ohio State Water Development Authority Revenue, Series 2021-A | 4.000% | 12/01/46 | &nbsp;&nbsp;3880000 | &nbsp;&nbsp;3666170 |
| St. Charles County Missouri Public Water Supply Dist. 2 Certificates of Participation, Series 2016-C | 4.000% | 12/01/31 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;400633 |
|  |  |  |  | &nbsp;&nbsp;8455619 |
| **School District - 24.9%** | **School District - 24.9%** | **School District - 24.9%** | **School District - 24.9%** |  |
| Aldine Texas Independent School District Refunding Building, Series B | 5.000% | 02/15/39 | &nbsp;&nbsp;755000 | &nbsp;&nbsp;826653 |
| Allen Park Michigan Public School District | 4.500% | 11/01/50 | &nbsp;&nbsp;850000 | &nbsp;&nbsp;836270 |
| Athens City School District, Series 2019-A | 4.000% | 12/01/33 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;776539 |
| Athens City School District, Series 2024 | 4.000% | 12/01/53 | &nbsp;&nbsp;1595000 | &nbsp;&nbsp;1427431 |
| Bellbrook-Sugarcreek Ohio LSD GO Unlimited, Series 2016 | 4.000% | 12/01/31 | &nbsp;&nbsp;325000 | &nbsp;&nbsp;325723 |
| Bellefontaine Ohio SCD GO Unlimited (National RE Insured), Series 2005 | 5.500% | 12/01/26 | &nbsp;&nbsp;425000 | &nbsp;&nbsp;432492 |
| Berea Ohio CSD GO Unlimited, Series 2017 | 4.000% | 12/01/31 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;505837 |
| Bexar Texas Refunding Limited, Series 2019 | 4.000% | 06/15/37 | &nbsp;&nbsp;1360000 | &nbsp;&nbsp;1365804 |
| Brecksville Ohio GO Limited, Series 2022 | 4.000% | 12/01/51 | &nbsp;&nbsp;1885000 | &nbsp;&nbsp;1699527 |
| Bullit Kentucky School District Finance Corp., Series 2023-A | 4.000% | 03/01/37 | &nbsp;&nbsp;1255000 | &nbsp;&nbsp;1271199 |
| Carlisle Ohio LSD Refunding, Series 2025 | 5.000% | 12/01/43 | &nbsp;&nbsp;510000 | &nbsp;&nbsp;539972 |
| Cleveland Heights and University Heights Ohio CSD GO Unlimited, Series 2017 | 4.000% | 12/01/32 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1025547 |
| Dexter Michigan CSD GO Unlimited, <br> Series 2017 | 4.000% | 05/01/31 | &nbsp;&nbsp;670000 | &nbsp;&nbsp;681609 |
| Elyria Ohio SCD GO Unlimited (SDCP), Series A | 4.000% | 12/01/30 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;708899 |
| Fayette County Kentucky Board of Education, Series A | 4.000% | 04/01/49 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;886406 |
| Festus Missouri R Vi SD Lease Certificates Participation, Series 2019 | 5.000% | 04/01/30 | &nbsp;&nbsp;730000 | &nbsp;&nbsp;781520 |
| Fort Bend Texas Independent School District Various Refunding, Series 2025-B | 3.800% | 08/01/55 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1026257 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** |  |
| Green County Ohio Vocational SD GO Unlimited, Series 2019 | 4.000% | 12/01/35 | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$1019570 |
| Gunnison Watershed Colorado School District, Series 2023 | 5.000% | 12/01/42 | &nbsp;&nbsp;605000 | &nbsp;&nbsp;640975 |
| Hudson Ohio CSD GO Unlimited, Series 2018 | 4.000% | 12/01/33 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;805398 |
| Kettering Ohio CSD GO Unlimited, <br> Series 2016 | 4.000% | 12/01/30 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;400645 |
| Kettering Ohio CSD GO Unlimited, <br> Series 2007 | 5.250% | 12/01/31 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;537359 |
| Kings LSD Ohio School Improvement, <br> Series 2024 | 5.250% | 12/01/54 | &nbsp;&nbsp;3090000 | &nbsp;&nbsp;3227148 |
| Lancaster Pennsylvania SD, Series 2025-B | 5.000% | 06/01/42 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;799390 |
| Licking Heights Ohio LSD School Facilities, Series 2022 | 5.500% | 10/01/59 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;210459 |
| Logan Hocking Ohio LSD Certificates of Participation, Series 2018 | 4.000% | 12/01/32 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;420583 |
| Margaretta Ohio LSD Certificates of Participation School Facilities Project, Series 2025 | 5.500% | 10/01/31 | &nbsp;&nbsp;555000 | &nbsp;&nbsp;637056 |
| Mario Ohio LSD School Improvement, <br> Series 2024 | 4.000% | 12/01/49 | &nbsp;&nbsp;1295000 | &nbsp;&nbsp;1174456 |
| McCracken County Kentucky SD Finance Corp., Series 2022 | 5.000% | 08/01/32 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;658418 |
| McCreary County Kentucky SD Finance Corp., Series 2022 | 4.000% | 12/01/35 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;575788 |
| Milford Ohio Exempt Village SD GO Unlimited (AGM Insured), Series 2007 | 5.500% | 12/01/30 | &nbsp;&nbsp;1260000 | &nbsp;&nbsp;1382991 |
| Olentangy LSD Ohio Go Unlimited, <br> Series 2016 | 4.000% | 12/01/31 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1006898 |
| Owensboro Kentucky Independent SD School Building Revenue, Series 2024 | 4.000% | 04/01/44 | &nbsp;&nbsp;575000 | &nbsp;&nbsp;531149 |
| Pickerington Ohio LSD Capital Appreciation Refunding, Series 2023 | 4.375% | 12/01/49 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;973320 |
| Pickerington Ohio LSD School Facilities Construction and Improvement, <br> Series 2023 | 5.000% | 12/01/53 | &nbsp;&nbsp;1500000 | &nbsp;&nbsp;1547612 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** | **School District - 24.9% (Continued)** |  |
| Powell County Kentucky SD Finance Corp. School Building Revenue, Series 2024 | 4.000% | 02/01/45 | &nbsp;&nbsp;$855000 | &nbsp;&nbsp;$782617 |
| Princeton Ohio CSD GO Unlimited (National RE Insured), Series 2006 | 5.250% | 12/01/30 | &nbsp;&nbsp;1735000 | &nbsp;&nbsp;1910722 |
| Pulaski County Kentucky SD Finance Corp. School Building Revenue, Series 2023 | 4.250% | 06/01/40 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1001314 |
| Pulaski County Missouri Reorganized District Number 6 Certificates Participation, Series 2025 | 5.000% | 04/15/30 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;219264 |
| Shaker Heights Ohio CSD Certificates Program, Series 2024 | 5.000% | 12/15/49 | &nbsp;&nbsp;875000 | &nbsp;&nbsp;902978 |
| Shaker Heights Ohio CSD Certificates Program | 5.500% | 11/01/62 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;2141971 |
| Teays Valley Ohio LSD Refunding, Series 2016 | 4.000% | 12/01/32 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;580045 |
| Warren County Kentucky Board of Education, Series 2024 | 4.000% | 12/01/37 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1012728 |
| Washington County Kentucky Board of Education | 5.000% | 03/01/26 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;176344 |
| Wentzville R-IV SD of Saint Charles County Missouri Certificates of Participation, Series 2016 | 4.000% | 04/01/30 | &nbsp;&nbsp;395000 | &nbsp;&nbsp;395306 |
| Westerville Ohio SCD Certificate of Participation, Series 2018 | 5.000% | 12/01/32 | &nbsp;&nbsp;555000 | &nbsp;&nbsp;578533 |
| Willoughby-Eastlake Ohio CSD Certificates of Participation (BAM Insured), Series 2017 | 4.000% | 03/01/30 | &nbsp;&nbsp;810000 | &nbsp;&nbsp;810644 |
| Wyoming Ohio CSD Refunding School Improvement, Series 2025 | 5.000% | 12/01/45 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;528633 |
| Wyoming Ohio CSD Refunding School Improvement, Series 2025 | 5.000% | 12/01/50 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;521601 |
| Wyoming Ohio CSD Refunding School Improvement, Series 2025 | 5.000% | 12/01/55 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1036629 |
| Wyoming Ohio CSD Refunding School Improvement, Series 2025 | 5.000% | 12/01/61 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;1031894 |
|  |  |  |  | &nbsp;&nbsp;45298123 |
| **State Agency - 0.4%** | **State Agency - 0.4%** | **State Agency - 0.4%** | **State Agency - 0.4%** |  |
| Washington Certificates of Participation, Series 2022-A | 5.000% | 01/01/41 | &nbsp;&nbsp;675000 | &nbsp;&nbsp;723987 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** | **JOHNSON MUNICIPAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MUNICIPAL BONDS - 98.4% (Continued)** | **Coupon** | **Maturity** | **Par Value** | **Value** |
| **Water And Sewer - 0.6%** | **Water And Sewer - 0.6%** | **Water And Sewer - 0.6%** | **Water And Sewer - 0.6%** |  |
| Huntertown Industry Sewage Revenue, <br> Series 2025 | 4.500% | 01/01/45 | &nbsp;&nbsp;$560000 | &nbsp;&nbsp;$569967 |
| Ohio State Water Development Authority Water Pollution Control Revenue, <br> Series A | 5.000% | 12/01/43 | &nbsp;&nbsp;195000 | &nbsp;&nbsp;209496 |
| Ohio State Water Development Authority Water Pollution Control Revenue, <br> Series D | 5.000% | 12/01/43 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;226444 |
|  |  |  |  | &nbsp;&nbsp;1005907 |
| **Total Municipal Bonds** (Cost $186,869,347) | **Total Municipal Bonds** (Cost $186,869,347) | **Total Municipal Bonds** (Cost $186,869,347) | **Total Municipal Bonds** (Cost $186,869,347) | &nbsp;&nbsp;$179093863 |
| **MONEY MARKET FUNDS - 0.5%** | **MONEY MARKET FUNDS - 0.5%** | **MONEY MARKET FUNDS - 0.5%** | **Shares** | **Value** |
| Federated Hermes Money Market Obligations Trust - <br> Institutional, 2.93% <sup>(a)</sup> (Cost $893,397) | Federated Hermes Money Market Obligations Trust - <br> Institutional, 2.93% <sup>(a)</sup> (Cost $893,397) | Federated Hermes Money Market Obligations Trust - <br> Institutional, 2.93% <sup>(a)</sup> (Cost $893,397) | &nbsp;&nbsp;893397 | &nbsp;&nbsp;$893397 |
| **Investments at Value - 98.9%** (Cost $187,762,744) | **Investments at Value - 98.9%** (Cost $187,762,744) | **Investments at Value - 98.9%** (Cost $187,762,744) | **Investments at Value - 98.9%** (Cost $187,762,744) | &nbsp;&nbsp;$179987260 |
| **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | **Other Assets in Excess of Liabilities - 1.1%** | &nbsp;&nbsp;2107683 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$182094943 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Johnson Mutual Funds Trust

- **b. Investment Company Act file number:** 811-07254

- **c. CIK number of Registrant:** 0000892657

- **d. LEI of Registrant:** 549300S4H6UK0EWKWY28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3777 West Fork Road

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45247

  - **Telephone number:** 513-661-3100

**Item A.2. Information about the Series.**

- **a. Name of Series:** JOHNSON INTERNATIONAL FUND

- **b. EDGAR series identifier (if any):** S000024217

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5089516.89

**Net Assets:** $5089516.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000071343 | -1.68%               | 4.21%                | -0.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $102621.47               | $-478214.31                                |
| Month 2  | $292936.13               | $593801.69                                 |
| Month 3  | $7194437.54              | $-7390635.33                               |

### Schedule of Portfolio Investments

| Name                      | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc. | First American Government Obligations Fund Class Z | CUSIP: 31846V567<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   5047844 | PA      | $5047843.90   | 99.18%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Johnson International Fund

**Signature:** Sarah Criger

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting