Johnson Mutual Funds Trust NPORT-P Johnson Fixed Income Fund (Sep 2021 report)

EQUITY INCOME FUND Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Common Stocks
Alphabet Inc. - Class A*	4,735		12,659,117
Comcast Corp. - Class A	177,800		9,944,354
Walt Disney Co.*	25,350		4,288,460
4.9% - Total For Communication Services		$	26,891,931
Lowe's Companies Inc.	57,000		11,563,020
Nike Inc. - Class B	41,000		5,954,430
TJX Companies Inc.	167,240		11,034,495
VF Corporation	136,800		9,164,232
6.8% - Total For Consumer Discretionary		$	37,716,177
Coca Cola Co.	161,320		8,464,460
Costco Wholesale Corp.	28,600		12,851,410
Dollar General Corp.	82,000		17,395,480
Pepsico Inc.	35,200		5,294,432
Procter & Gamble Co.	79,690		11,140,662
Unilever PLC ADR	281,800		15,279,196
12.8% - Total For Consumer Staples		$	70,425,640
Chevron Corp.	70,890		7,191,791
Williams Companies Inc.	475,000		12,321,500
3.4% - Total For Energy		$	19,513,291
American Express Co.	34,165		5,723,662
Axis Capital Holdings Inc.	201,750		9,288,570
Bank of America Corp.	129,915		5,514,892
First Horizon National Bank	977,181		15,918,278
Marsh & McLennan Companies Inc.	65,300		9,888,379
Nasdaq Inc.	70,000		13,511,400
Willis Towers Watson PLC	47,200		10,972,112
12.9% - Total For Financial Services		$	70,817,293
Abbott Laboratories	97,435		11,509,997
Danaher Corp.	44,043		13,408,451
Medtronic PLC	86,500		10,842,775
UnitedHealth Group Inc.	41,300		16,137,562
Zimmer Biomet Holdings	99,600		14,577,456
Zoetis Inc.	57,276		11,119,563
14.1% - Total For Health Care		$	77,595,804
Amphenol Corp - Class A	227,300		16,645,179
Honeywell International Inc.	49,000		10,401,720
Hubbell Inc.	62,300		11,255,741
Illinois Tool Works Inc.	52,000		10,744,760
nVent Electric PLC	409,000		13,222,970
Paccar Inc.	106,040		8,368,677
Waste Management Inc.	68,600		10,246,096
14.7% - Total For Industrials		$	80,885,143
Carlisle Cos Inc.	62,240		12,372,690
PPG Industries, Inc.	69,495		9,938,480
4.1% - Total For Materials		$	22,311,170
Accenture PLC - Class A	37,520		12,003,398

The accompanying notes are an integral part of these financial statements.

EQUITY INCOME FUND Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Adobe Inc.*		33,700		19,401,764
Analog Devices, Inc.		108,000		18,087,840
Apple Inc.		73,760		10,437,040
Automatic Data Processing Inc.				0
Fidelity National Information Services Inc.		74,600		9,077,328
Mastercard Inc.- Class A		27,050		9,404,744
Microsoft Corp.		58,360		16,452,851
S&P Global Inc		11,240		4,775,764
VISA Inc. - Class A		65,500		14,590,125
20.8% - Total For Technology			$	114,230,854
American Tower Corp.		61,857		16,417,466
3.0% - Total For Real Estate			$	16,417,466
Alliant Energy Corp.		186,300		10,429,074
1.9% - Total For Utilities			$	10,429,074
Total Common Stocks          99.4%			$	547,233,843
(Identified Cost $377,661,194)
Cash Equivalents
First American Government Obligation Fund, Class Z**		3,073,395		3,073,395
Total Cash Equivalents         0.6%			$	3,073,395
(Identified Cost $3,073,395)
Total Portfolio Value            100.0%			$	550,307,238
(Identified Cost $380,734,589)
Assets in Excess of Other Liabilities  0.0%			$	107,395
Total Net Assets 100.0%			$	550,414,633

* Non-income producing security.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ADR - American Depositary Receipt

PLC - Public Liability Company

The accompanying notes are an integral part of these financial statements.

OPPORTUNITY FUND Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Common Stocks
New York Times	34,700		1,709,669
1.5% - Total For Energy		$	1,709,669
BorgWarner Inc.	27,600	$	1,192,596
Burlington Stores Inc.*	3,000		850,710
Kimball International Inc. Class B	92,100		1,031,520
Lithia Motors Inc.	4,300		1,363,272
LKQ Corp.*	31,800		1,600,176
Rocky Brands Inc.	22,800		1,085,508
Sleep Number Corp.*	17,700		1,654,596
Steven Madden LTD*	20,500		823,280
Ulta Beauty Inc.*	2,800		1,010,576
Williams-Sonoma Inc.	8,300		1,471,839
10.4% - Total For Consumer Discretionary		$	12,084,073
BJs Wholesale Club Holdings Inc.*	28,700		1,576,204
Church & Dwight Co. Inc.	6,900		569,733
Reynolds Consumer Product	26,800		732,712
2.5% - Total For Consumer Staples		$	2,878,649
World Fuel Services Corp.	48,500		1,630,570
1.4% - Total For Energy		$	1,630,570
American Financial Group	15,000		1,887,450
Arrow Financial Corp.	41,406		1,422,710
Axis Capital Holdings Ltd.	17,700		814,908
Diamond Hill Investment Group Inc.	4,900		860,734
Everest Re Group Ltd.	8,300		2,081,474
Farmers National Banc	130,400		2,048,584
First Horizon National Bank	115,724		1,885,144
Reinsurance Group of America Inc.	16,000		1,780,160
SEI Investments Co.	26,700		1,583,310
Signature Bank	4,700		1,279,716
Wintrust Financial Corp.	26,300		2,113,731
15.3% - Total For Financial Services		$	17,757,921
Catalent Inc.*	9,000		1,197,630
Charles River Laboratories International Inc.*	5,500		2,269,685
Chemed Corp.	3,400		1,581,408
Collegium Pharmaceutical*	81,400		1,606,836
Globus Medical Inc.*	21,000		1,609,020
Universal Health Services Inc. - Class B	10,200		1,411,374
US Physical Therapy Inc.	15,600		1,725,360
9.8% - Total For Health Care		$	11,401,313
AMN Healthcare Services Inc.*	15,200		1,744,200
Applied Industrial Technology	23,700		2,136,081
Comfort Systems USA Inc.	20,800		1,483,456
Gorman-Rupp Co.	58,587		2,098,001
Hubbell Inc.	7,800		1,409,226
Idex Corp.	6,900		1,427,955
Installed Building Product *	6,100		653,615
Littlefuse Inc.	6,900		1,885,563
Nordson Corp.	7,800		1,857,570
nVent Electric PLC	63,500		2,052,955

The accompanying notes are an integral part of these financial statements.

OPPORTUNITY FUND Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Regal Beloit Corp.	12,000		1,804,080
Smith (A.O.) Corp.	24,200		1,477,894
Snap-On Inc.	4,700		982,065
Watsco Inc.	5,200		1,376,024
Watts Water Tech Inc. - Class A	9,100		1,529,619
20.6% - Total For Industrials		$	23,918,304
Avery Dennison Corp.	9,700		2,009,937
Avient Corp.	36,000		1,668,600
Carlisle Companies Inc.	8,900		1,769,231
RPM International Inc.	15,600		1,211,340
Sonoco Products Co.	25,600		1,525,248
Stepan Co.	8,200		926,108
7.9% - Total For Materials		$	9,110,464
Amdocs Ltd.	9,900		749,529
Black Knight Inc.*	18,800		1,353,600
Blackbaud Inc.*	12,500		879,375
Bottomline Technologies*	24,600		966,288
CACI International Inc.*	6,400		1,677,440
Constellation Software	600		985,718
Fair Isaac Corp.	4,100		1,631,513
ICF International Inc.	12,000		1,071,480
IPG Photonics Corp.*	8,900		1,409,760
Lumentum Holdings Inc.*	14,700		1,228,038
Maximus Inc.	22,800		1,896,960
Mimecast Ltd.	32,100		2,041,560
On Semiconductor Corp.*	37,400		1,711,798
Paylocity Holding Corp.*	7,000		1,962,800
PTC Inc.*	13,200		1,581,228
Tyler Technologies Inc.*	1,700		779,705
Wex Inc.*	4,900		863,086
19.6% - Total For Technology		$	22,789,878
Americold Realty Trust	25,400		737,870
Camden Property Trust	6,400		943,808
Coresite Realty Corp.	9,600		1,329,984
Equity Lifestyles Prty	13,200		1,030,920
First Industrial Realty	30,900		1,609,272
National Retail Properties Inc.	13,500		583,065
Stag Industrial Inc.	37,400		1,467,950
6.6% - Total For Real Estate		$	7,702,869
Atmos Energy Corp.	14,500		1,278,900
Portland General Electric	22,100		1,038,479
Unitil Corp.	28,900		1,236,342
3.1% - Total For Utilities		$	3,553,721
Total Common Stocks       98.7%		$	114,537,431
(Identified Cost $86,639,902)
Cash Equivalents
First American Government Obligation Fund, Class Z**	1,462,239		1,462,239
Total Cash Equivalents     1.3%		$	1,462,239

The accompanying notes are an integral part of these financial statements.

OPPORTUNITY FUND Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares	Fair Value
(Identified Cost $1,462,239)
Total Portfolio Value 100.0%		$	115,999,670
(Identified Cost $88,102,141)
Other Assets in Excess of Liabilities  0.0%		$	60,889
Total Net Assets 100.0%		$	116,060,559

*  Non-income producing security.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ADR - American Depositary Receipt

PLC - Public Liability Company

The accompanying notes are an integral part of these financial statements.

INTERNATIONAL FUND  Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Preferred Stocks
Itau Unibanco Holding SA ADR		11,550		60,869
0.3% - Total For Financial Services				60,869
Total Preferred Stocks                                       0.3%				60,869
(Identified Cost $63,654)
Common Stocks
Baidu, Inc. ADR*		1,700	$	261,375
Deutsche Telekom AG ADR		7,100		143,065
KDDI Corp. ADR		22,600		370,866
Orange ADR		7,500		81,225
PLDT Inc. ADR		3,600		117,252
Publicis Groupe SA ADR		23,100		389,628
RTL Group SA ADR*		15,000		87,150
SK Telecom Co. Ltd. ADR		3,400		102,340
SoftBank Group Corp. ADR		3,600		104,544
Telenor ASA ADR		9,600		161,664
Tencent Holdings Ltd. ADR		6,800		406,436
WPP PLC ADR		1,800		120,672
10.0% - Total For Communications			$	2,346,217
Adidas AG ADR*		600	$	94,872
Alibaba Group Holdings ADR*		1,600		236,880
Bridgestone ADR		8,200		194,504
Bunzl PLC ADR		7,700		253,638
CIE Financiere Richemont AG ADR		22,000		225,940
Daimler AG ADR		2,200		196,240
Honda Motor Co. Ltd. ADR		5,500		168,685
JD.com Inc. ADR*		3,000		216,720
Magna International Inc.		6,000		451,440
Toyota Motor Corp. ADR		1,100		195,525
9.6% - Total For Consumer Discretionary			$	2,234,444
CK Hutchison Holdings LTD ADR		16,500		108,900
Danone ADR		6,184		83,793
Itochu Corp. ADR		3,700		217,301
L'Oreal ADR		2,800		232,064
Nestle SA ADR		2,800		336,588
Reckitt Benckiser Group PLC ADR		5,900		93,220
Shoprite Holdings Ltd. ADR		32,100		383,114
Unilever PLC  ADR		6,600		357,852
Wal-Mart De Mexico SAB de CV ADR		12,300		418,200
9.5% - Total For Consumer Staples			$	2,231,032
BP PLC ADR		2,298		62,804
Equinor ASA ADR		4,000		102,000
Gazprom		14,000		139,160
Lukoil Corp. ADR		4,100		388,106
Royal Dutch Shell PLC, Class B ADR		2,600		115,102
TotalEnergies SE ADR		2,352		112,731
Technip FMC PLC ADR		12,200		91,866
Woodside Petroleum ADR		5,200		88,400
4.7% - Total For Energy			$	1,100,169

The accompanying notes are an integral part of these financial statements.

INTERNATIONAL FUND  Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Admiral Group PLC ADR		6,400		258,688
Allianz SE ADR		10,700		240,322
Banco Bradesco ADR		19,708		75,482
Banco Santander SA ADR		37,155		134,501
Bank of Montreal		1,240		123,665
Barclays PLC ADR		15,000		154,800
BNP Paribas ADR*		4,000		128,240
China Construction Bank ADR		23,000		327,520
Deutsche Boerse AG ADR		7,000		113,260
Industrial and Commercial Bank Of China Ltd. ADR		39,100		432,055
KB Financial Group Inc. ADR		2,400		111,384
Legal and General Group PLC ADR		5,000		96,100
Manulife Financial Corp.		7,720		148,533
Mitsubishi UFJ Financial Group Inc. ADR		40,000		237,200
Mizuho Financial Group Inc. ADR		25,000		71,000
National Australia Bank ADR		8,700		86,478
Orix Corp. ADR		2,450		231,574
Royal Bank of Canada		1,900		189,012
Sumitomo Mitsui Financial Group Inc. ADR		67,600		473,876
Tokio Marine Holdings Inc. ADR		8,400		453,264
Toronto Dominion Bank		2,700		178,605
United Overseas Bank Ltd. ADR		4,100		155,759
Westpac Banking Corp. Ltd. ADR		7,250		134,343
Zurich Insurance Group Ltd. ADR		3,240		133,034
20.1% - Total For Financial Services			$	4,688,695
Alcon Inc.*		3,796		305,464
Astellas Pharma Inc. ADR		17,600		290,752
Bayer AG ADR		5,200		70,720
Dr. Reddy's Laboratories Ltd. ADR		3,340		217,568
Novartis AG ADR		2,480		202,814
Novo Nordisk AS ADR		4,400		422,444
Roche Holdings Ltd. ADR		10,500		477,435
Takeda Pharmaceutical Co. ADR		9,340		152,989
Taro Pharmaceuticals Ltd.*		1,400		89,082
9.5% - Total For Health Care			$	2,229,268
ABB Ltd. ADR		2,900		96,744
Atlas Copco AB ADR		5,400		326,349
BAE Systems PLC ADR		3,800		116,166
Canadian National Railway Co.		1,400		161,910
Compass Group PLC ADR		6,500		135,850
Komatsu Ltd. ADR		6,300		151,200
Schneider Electric SE ADR		13,900		461,821
Sensata Technologies Holding NV*		2,200		120,384
Siemens AG ADR		1,800		147,852
7.3% - Total For Industrials			$	1,718,276
Air Liquide SA ADR		4,569		146,893
BASF SE ADR		7,400		140,896
BHP Billiton Ltd. ADR		2,550		136,476
Cemex ADR		15,000		107,550
CIA Siderurcgica NACL ADR		29,100		153,066
Newcrest Mining Ltd. ADR		10,900		180,831
Nitto Denko Corp. ADR		8,800		313,720
Posco ADR		2,800		193,116

The accompanying notes are an integral part of these financial statements.

INTERNATIONAL FUND  Portfolio of Investments as of September 30, 2021 - Unaudited

	Shares		Fair Value
Rio Tinto PLC ADR		1,570		104,907
Vale SA ADR		5,400		75,330
6.6% - Total For Materials			$	1,552,785
Cap Gemini SA ADR		4,000		166,480
ASML Holdings		360		268,240
CGI Group Inc.*		5,100		432,276
Infosys Ltd. ADR		20,100		447,225
Lenovo Group Ltd. ADR		20,000		557,000
Open Text Corp.		6,400		311,936
Relx PLC ADR		4,200		121,212
SAP SE ADR		2,200		297,088
Sony Group Corp. ADR		3,800		420,204
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		3,600		401,940
United Microelectronics ADR		38,800		443,484
16.5% - Total For Technology			$	3,867,085
Sun Hung Kai Properties Ltd. ADR		27,600		343,068
1.5% - Total For Real Estate			$	343,068
Enel SpA ADR		21,100		161,204
Enersis SA ADR		41,800		244,530
Iberdrola SA ADR		5,000		201,200
National Grid PLC ADR		1,629		97,137
SSE PLC ADR		4,000		84,760
3.4% - Total For Utilities			$	788,831
Total Common Stocks                                    98.7%			$	23,099,870
(Identified Cost $16,831,003)
Cash Equivalents
First American Government Obligation Fund, Class Z**		121,826		121,826
Total Cash Equivalents                                   0.5%			$	121,826
(Identified Cost $121,826)
Total Portfolio Value                                    99.5%			$	23,282,565
(Identified Cost $17,016,483)
Other Assets in Excess of Liabilities  0.5%			$	113,139
Total Net Assets 100.0%			$	23,395,704

* Non-income producing security.

** Variable Rate Security; as of June 30, 2021, the 7 day annualized yield was 0.02%.

ADR - American Depositary Receipt

PLC - Public Liability Company

The accompanying notes are an integral part of these financial statements.

FIXED INCOME FUND   Portfolio of Investments as of September  30, 2021 - Unaudited

Fixed Income Securities - Bonds	Rate			Maturity		Face Value		Fair Value
Corporate Bonds:
American Express Co.		3.000	%		10/30/2024		12,700,000	$	13,553,862
AON PLC		3.500	%		06/14/2024		3,320,000		3,543,756
AON PLC		3.750	%		05/02/2029		6,846,000		7,613,685
AON PLC		4.000	%		11/27/2023		4,330,000		4,606,873
Bank of America Corp.		3.248	%		10/21/2027		20,000,000		21,585,235
BB&T Corp.		3.750	%		12/06/2023		6,775,000		7,235,478
Fifth Third Bancorp		4.300	%		01/16/2024		12,999,000		13,972,316
Huntington Bancshares		2.550	%		02/04/2030		5,628,000		5,813,012
Huntington Bancshares		2.625	%		08/06/2024		11,530,000		12,091,801
JP Morgan Chase & Co.		3.300	%		04/01/2026		5,500,000		5,960,847
JP Morgan Chase & Co.		3.875	%		09/10/2024		10,060,000		10,935,591
JP Morgan Chase & Co.		4.493	%		03/24/2031		4,500,000		5,245,720
Keycorp		2.550	%		10/01/2029		6,430,000		6,685,481
Keycorp		4.100	%		04/30/2028		7,300,000		8,336,898
Marsh & McLennan Co. Inc.		4.375	%		03/15/2029		12,737,000		14,776,650
Morgan Stanley		3.700	%		10/23/2024		14,154,000		15,350,659
Morgan Stanley		4.000	%		07/23/2025		4,500,000		4,955,919
MUFG Americas Holdings Corp.		3.000	%		02/10/2025		8,124,000		8,617,014
MUFG Americas Holdings Corp.		3.500	%		06/18/2022		6,659,000		6,808,269
PNC Financial Services		3.450	%		04/23/2029		8,500,000		9,409,881
PNC Financial Services		3.900	%		04/29/2024		9,991,000		10,778,671
Suntrust Banks Inc.		4.000	%		05/01/2025		8,000,000		8,796,902
Truist Bank		2.250	%		03/11/2030		5,116,000		5,165,575
US Bancorp		3.000	%		07/30/2029		9,780,000		10,496,889
US Bancorp		3.100	%		04/27/2026		7,000,000		7,553,690
Wells Fargo & Co.		4.100	%		06/03/2026		9,500,000		10,574,575
Wells Fargo & Co.		4.300	%		07/22/2027		8,600,000		9,761,935
24.3% - Total For Corporate Bonds: Bank and Finance								$	250,227,184
CVS Health Corp.		4.300	%		03/25/2028		14,898,000		16,944,435
Dover Corp.		2.950	%		11/04/2029		6,045,000		6,429,091
Dover Corp.		3.150	%		11/15/2025		3,802,000		4,067,224
Emerson Electric Co.		1.800	%		10/15/2027		14,190,000		14,430,012
Emerson Electric Co.		1.950	%		10/15/2030		1,000,000		998,915
Home Depot Inc.		2.500	%		04/15/2027		8,606,000		9,129,037
Johnson Controls International PLC		3.900	%		02/14/2026		6,430,000		7,074,537
Kroger Co.		2.200	%		05/01/2030		1,000,000		1,003,642
Kroger Co.		3.500	%		02/01/2026		10,850,000		11,870,532
Kroger Co.		4.000	%		02/01/2024		595,000		635,843
McDonald's Corp.		2.125	%		03/01/2030		6,500,000		6,553,804
Lowes Cos. Inc.		4.500	%		04/15/2030		14,851,000		17,391,952
McDonald's Corp.		3.600	%		07/01/2030		11,000,000		12,221,804
Nike Inc.		3.250	%		03/27/2040		7,830,000		8,552,430
Shell International		3.250	%		05/11/2025		4,779,000		5,160,568
Starbucks Corp.		2.250	%		03/12/2030		2,621,000		2,639,351
Starbucks Corp.		3.550	%		08/15/2029		15,000,000		16,602,240
Verizon Communication Inc.		4.016	%		12/03/2029		17,390,000		19,679,795
Walt Disney Co.		3.800	%		03/22/2030		17,000,000		19,314,351
17.6% - Total For Corporate Bonds:  Industrial								$	180,699,563
Berkshire Hathaway Energy Co.		3.250	%		04/15/2028		2,000,000		2,179,968
Berkshire Hathaway Energy Co.		3.500	%		02/01/2025		1,500,000		1,610,593
Berkshire Hathaway Energy Co.		3.750	%		11/15/2023		9,574,000		10,176,038
Duke Energy Corp.		2.450	%		06/01/2030		11,000,000		11,099,550
Duke Energy Corp.		2.650	%		09/01/2026		6,000,000		6,326,694
Enterprise Products		3.750	%		02/15/2025		2,056,000		2,229,808
Enterprise Products		4.150	%		10/16/2028		11,617,000		13,215,376
Eversource Energy		1.650	%		08/15/2030		232,000		220,090
Eversource Energy		3.300	%		01/15/2028		6,440,000		6,965,884
Eversource Energy		4.250	%		04/01/2029		9,289,000		10,607,490
Georgia Power Co.		2.200	%		09/15/2024		260,000		269,959
Georgia Power Co.		2.650	%		09/15/2029		15,850,000		16,506,569
Interstate Power & Light Co.		2.300	%		06/01/2030		2,920,000		2,928,586

The accompanying notes are an integral part of these financial statements.

FIXED INCOME FUND   Portfolio of Investments as of September  30, 2021 - Unaudited

Interstate Power & Light Co.	3.400	%	08/15/2025	1,000,000		1,070,484
Interstate Power & Light Co.	4.100	%	09/26/2028	13,090,000		14,881,029
National Rural Utilities Collateral Trust	3.700	%	03/15/2029	5,800,000		6,458,641
Virginia Electric & Power Co.	2.750	%	03/15/2023	2,018,000		2,075,858
Virginia Electric & Power Co.	2.950	%	01/15/2022	1,170,000		1,171,438
Virginia Electric & Power Co.	2.950	%	11/15/2026	2,550,000		2,735,315
Virginia Electric & Power Co.	3.450	%	02/15/2024	3,590,000		3,803,770
Virginia Electric & Power Co.	3.500	%	03/15/2027	2,845,000		3,138,024
Xcel Energy Inc.	3.300	%	06/01/2025	12,201,000		13,017,123
Xcel Energy Inc.	3.400	%	06/01/2030	3,750,000		4,082,690
Xcel Energy Inc.	4.000	%	06/15/2028	4,153,000		4,658,218
13.8% - Total For Corporate Bonds:  Utilities					$	141,429,195
55.7% Total Corporate Bonds					$	572,355,942
Certificates of Deposit
Goldmans Sachs	3.400	%	10/17/2023	250,000		265,396
0.0% - Total For Certificates of Deposit						265,396
United States Government Treasury Obligations
Treasury Bond	2.000	%	02/15/2050	40,125,000		39,308,394
Treasury Note	0.625	%	12/31/2027	23,000,000		22,172,539
Treasury Note	2.125	%	11/30/2023	4,000,000		4,155,313
Treasury Bond	2.500	%	02/15/2045	20,500,000		22,089,551
Treasury Bond	2.500	%	05/15/2046	23,500,000		25,369,902
Treasury Note	1.500	%	11/30/2024	10,000,000		10,290,234
Treasury Note	1.625	%	05/15/2026	5,000,000		5,154,883
Treasury Note	2.750	%	08/15/2047	38,500,000		43,590,723
Treasury Note	3.125	%	11/15/2028	35,500,000		39,854,297
20.6% - Total For United States Government Treasury Obligations					$	211,985,836
United States Government Agency Obligations
FHLB Debenture	3.250	%	11/16/2028	21,750,000		24,507,184
2.4% - Total For United States Government Agency Obligations					$	24,507,184
United States Government Agency Obligations - Mortgage Backed Securities
FHLMC 10/1 Hybrid ARM (12 month LIBOR + 1.860%)*	3.272	%	04/01/2042	316,981		328,658
FHLMC Pool 780439 (1 year US T-Note Yield Curve + 2.223%)*	2.348	%	04/01/2033	20,953		21,020
FHLMC Pool A89335	5.000	%	10/01/2039	85,859		96,801
FHLMC Pool C01005	8.000	%	06/01/2030	691		811
FHLMC Pool G06616	4.500	%	12/01/2035	278,447		309,524
FHLMC Pool G15897	2.500	%	09/01/2031	1,300,193		1,369,554
FHLMC Pool G08068	5.500	%	07/01/2035	597,446		694,784
FHLMC Pool G18642	3.500	%	04/01/2032	2,478,678		2,656,751
FHLMC Pool G18667	3.500	%	11/01/2032	1,195,891		1,282,140
FHLMC Pool G31087	4.000	%	07/01/2038	1,797,356		1,961,453
FHLMC Pool SC0047	3.000	%	01/01/2040	17,106,454		18,341,517
FHLMC Pool G30933	4.000	%	01/01/2036	10,111,377		11,049,376
FHLMC Pool ZA3721	3.000	%	06/01/2029	7,354,683		7,772,944
FHLMC Series 2877 Class AL	5.000	%	10/15/2024	61,134		63,431
FHLMC Series 2985 Class GE	5.500	%	06/15/2025	50,532		53,763
FHLMC Series 3109 Class ZN	5.500	%	02/15/2036	871,229		989,172
FHLMC Series 3592 Class BZ	5.000	%	10/15/2039	555,073		623,504
FHLMC Series 3946 Class LN	3.500	%	04/15/2041	186,663		197,311
FHLMC Series 4017 Class MA	3.000	%	03/15/2041	9,697		9,696
FHLMC Series 4105 Class PJ	3.500	%	06/15/2041	597,316		631,211
FHLMC Series 4180 Class ME	2.500	%	10/15/2042	1,259,685		1,312,557
FHLMC Series 4287 Class AB	2.000	%	12/15/2026	707,154		733,442
FHLMC Series 4517 Class PC	2.500	%	05/15/2044	1,140,276		1,176,236
FHLMC Series 4567 Class LA	3.000	%	08/15/2045	184,242		191,116
FHLMC Series 4582 Class PA	3.000	%	11/15/2045	1,607,569		1,679,883
FHLMC Series 4689 Class DA	3.000	%	07/15/2044	620,880		636,483
FHLMC Series 4709 Class EA	3.000	%	01/15/2046	666,408		690,133
FHLMC Series 4768 Class GA	3.500	%	09/15/2045	4,001,830		4,164,309
FHLMC Series 4831 Class BA	3.500	%	10/15/2044	1,375,785		1,414,980
FHLMC Series 4906 Class DE	2.500	%	09/25/2049	5,385,459		5,611,369

The accompanying notes are an integral part of these financial statements.

FIXED INCOME FUND   Portfolio of Investments as of September  30, 2021 - Unaudited

FNMA Pool 725027	5.000	%	11/01/2033	198,163		225,607
FNMA Pool 725704	6.000	%	08/01/2034	79,315		91,410
FNMA Pool 888223	5.500	%	01/01/2036	265,749		307,946
FNMA Pool 995112	5.500	%	07/01/2036	190,876		221,275
FNMA Pool AA4392	4.000	%	04/01/2039	470,264		517,488
FNMA Pool AL6923	3.000	%	05/01/2030	5,079,358		5,395,291
FNMA Pool AL9309	3.500	%	10/01/2031	769,644		825,363
FNMA Pool AL9623	4.000	%	12/01/2036	2,233,301		2,446,892
FNMA Pool AN8842	3.320	%	04/01/2028	6,000,000		6,553,964
FNMA Pool AN9848	3.740	%	07/01/2028	6,438,000		7,027,091
FNMA Pool AS5794	3.000	%	09/01/2030	1,557,044		1,651,545
FNMA Pool AS6548	2.500	%	01/01/2031	3,499,523		3,687,207
FNMA Pool BD2396	2.500	%	12/01/2031	7,683,717		8,040,397
FNMA Pool BL0752	3.650	%	01/01/2029	5,000,000		5,674,997
FNMA Pool BL2935	3.150	%	06/01/2029	5,000,000		5,519,150
FNMA Pool BL5003	4.000	%	03/01/2047	1,731,693		1,925,584
FNMA Pool BM1971	3.500	%	12/01/2035	1,929,394		2,087,472
FNMA Pool MA0384	5.000	%	04/01/2030	483,903		536,764
FNMA Pool MA2773	3.000	%	10/01/2036	4,549,077		4,825,274
FNMA Pool MA3186	4.000	%	11/01/2037	8,581,600		9,260,438
FNMA Pool MA3337	4.000	%	04/01/2038	2,377,593		2,565,157
FNMA Series 2003-79 Class NJ	5.000	%	08/25/2023	110,345		113,561
FNMA Series 2013-21 Class VA	3.000	%	07/25/2028	1,124,378		1,126,354
FNMA Series 2013-6 Class BC	1.500	%	12/25/2042	447,931		456,078
FNMA Series 2013-75 Class EG	3.000	%	02/25/2043	349,593		367,410
FNMA Series 2014-04 Class PC	3.000	%	02/25/2044	1,515,265		1,604,374
FNMA Series 2014-28 Class PA	3.500	%	02/25/2043	162,753		172,512
FNMA Series 2015-72 Class GB	2.500	%	12/25/2042	2,067,852		2,119,769
FNMA Series 2016-2 Class PB	2.000	%	02/25/2046	321,244		333,194
FNMA Series 2016-39 Class LA	2.500	%	03/25/2045	702,288		731,205
FNMA Series 2016-40 Class PA	3.000	%	07/25/2045	165,523		171,029
FNMA Series 2016-49 Class PA	3.000	%	09/25/2045	1,289,556		1,348,741
FNMA Series 2016-64 Class PG	3.000	%	05/25/2045	2,841,202		2,983,080
FNMA Series 2016-79 Class L	2.500	%	10/25/2044	898,008		928,699
FNMA Series 2017-30 Class G	3.000	%	07/25/2040	727,741		735,382
FNMA Series 2018-25 Class P	3.500	%	03/25/2046	3,583,494		3,757,268
FNMA Series 2018-67 Class BA	4.500	%	03/25/2046	3,509,131		3,698,691
FNMA Series 2020-95 Class GA	1.000	%	01/25/2051	4,040,989		3,958,818
GNMA GNR 21-175	2.000	%	10/20/2051	20,000,000		20,440,625
GNMA II Pool 2658	6.500	%	10/20/2028	8,761		9,888
GNMA II Pool 2945	7.500	%	07/20/2030	1,127		1,287
GNMA II Pool 4187	5.500	%	07/20/2038	7,945		8,870
GNMA II Pool 4847	4.000	%	11/20/2025	98,544		104,055
GNMA Pool 780400	7.000	%	12/15/2025	959		1,047
GNMA Pool 780420	7.500	%	08/15/2026	560		612
17.5% - Total For Government Agency Obligations - Mortgage Backed Securities					$	180,622,790
Taxable Municipal Bonds
Cincinnati Children's Hospital Medical Center	2.853	%	11/15/2026	1,085,000		1,142,529
Kansas Development Finance Authority Revenue	3.941	%	04/15/2026	8,000,000		8,958,811
Hamilton County Ohio	3.374	%	06/01/2034	5,000,000		5,411,306
Kentucky Property and Buildings Commission Revenue	6.164	%	08/01/2023	536,000		574,168
Pennsylvania State University	1.893	%	09/01/2026	4,635,000		4,793,454
University of Cincinnati Ohio General Receipts Revenue	2.162	%	06/01/2025	2,185,000		2,293,339
University of Washington Revenue	5.400	%	06/01/2036	3,000,000		4,120,322
2.7% - Total For Taxable Municipal Bonds					$	27,293,929
Total Fixed Income Securities - Bonds                                             98.9%					$	1,017,031,077
(Identified Cost $982,938,620)
Preferred Stocks
Allstate Corp.	5.100	%	01/15/2053	264,996		7,040,944
Total Preferred Stocks                                                                           0.7%					$	7,040,944
(Identified Cost $6,491,218)

The accompanying notes are an integral part of these financial statements.

FIXED INCOME FUND Portfolio of Investments as of September 30, 2021 - Unaudited

Cash Equivalents			Shares
First American Government Obligation Fund, Class Z**				18,708,419		18,708,419
Total Cash Equivalents	1.8	%			$	18,708,419
(Identified Cost $18,708,419)
Total Portfolio Value	101.4	%			$	1,042,780,440
(Identified Cost $1,008,138,257)
Liabilities in Excess of Other Assets	-1.4	%			$	(14,465,314	)
Total Net Assets	100	%			$	1,028,315,126

* Variable Rate Security; the rate shown is as of September 30, 2021.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ARM - Adjustable Rate Mortgage

FHLB - Federal Home Loan Banks

FHLMC - Federal Home Loan Mortgage Corp.

The accompanying notes are an integral part of these financial statements.

MUNICIPAL INCOME FUND	Portfolio of Investments as of September 30, 2021 - Unaudited
Municipal Income Securities - Bonds		Rate		Maturity	Face Value		Fair Value
Akron Ohio GO Limited		4.000	%	12/01/2025	650,000	$	737,356
Abilene Texas GO Limited		5.000	%	02/15/2029	730,000		929,287
Akron Ohio GO Limited		4.000	%	12/01/2026	395,000		456,497
Akron Ohio GO Limited		5.000	%	12/01/2024	400,000		456,126
Austin Texas GO Limited		5.000	%	09/01/2029	1,000,000		1,210,411
Brecksville Ohio GO Limited		1.000	%	02/24/2022	1,000,000		1,003,269
Cincinnati Ohio GO Unlimited		4.000	%	12/01/2030	685,000		804,178
Cincinnati Ohio GO Unlimited		4.000	%	12/01/2032	1,000,000		1,164,167
Cincinnati Ohio GO Unlimited*		5.250	%	12/01/2029	200,000		235,112
Columbus Ohio GO Unlimited		4.000	%	04/01/2031	1,000,000		1,151,642
Columbus Ohio GO Unlimited		5.000	%	04/01/2034	1,400,000		1,776,103
Dublin Ohio GO Limited		4.000	%	12/01/2028	500,000		568,298
Elyria Ohio GO Limited		0.750	%	06/29/2022	1,855,000		1,863,052
Fort Worth Texas GO		5.000	%	03/01/2028	1,000,000		1,251,025
Gahanna Ohio GO Limited		4.000	%	12/01/2021	420,000		422,584
Haltom City Texas GO Limited		4.000	%	08/01/2025	675,000		762,593
Hurst Texas GO Limited		4.000	%	08/15/2031	335,000		379,133
Lakewood Ohio GO Limited		4.000	%	12/01/2028	840,000		974,921
Lakewood Ohio GO Limited		4.000	%	12/01/2029	300,000		346,543
Newport Kentucky GO Unlimited		3.000	%	05/01/2023	205,000		212,917
Parma Ohio GO Limited		4.000	%	12/01/2025	500,000		566,097
Reynoldsburg Ohio GO Limited		4.000	%	12/01/2030	1,000,000		1,181,971
Reynoldsburg Ohio GO Limited		4.000	%	12/01/2031	595,000		697,516
Strongsville Ohio GO Limited		4.000	%	12/01/2030	350,000		387,113
7.4% - Total For General Obligation - City						$	19,537,911
Ashtabula County Ohio GO Limited*		4.000	%	12/01/2027	500,000		512,560
Bexar County Texas GO Limited		4.000	%	06/15/2037	1,360,000		1,600,645
Butler County Ohio GO Limited		5.000	%	12/01/2024	160,000		183,265
Butler County Ohio GO Limited		5.250	%	12/01/2026	1,000,000		1,164,711
Clark County Ohio GO Limited		5.000	%	12/01/2026	340,000		412,902
Clark County Ohio GO Limited		5.000	%	12/01/2028	325,000		412,976
Hamilton County Ohio GO Limited		5.000	%	12/01/2028	500,000		625,511
Knox County Ohio GO Limited		4.000	%	12/01/2025	460,000		523,850
Licking County Ohio GO Limited*		3.000	%	12/01/2024	240,000		253,609
Licking County Ohio GO Limited		3.000	%	12/01/2024	315,000		332,127
Lorain County Ohio GO Limited		4.000	%	12/01/2025	795,000		855,298
Lorain County Ohio GO Unlimited		4.000	%	12/01/2030	450,000		495,335
Lucas County Ohio GO Limited		4.000	%	10/01/2028	1,000,000		1,130,916
Lucas County Ohio GO Limited		4.000	%	10/01/2029	605,000		684,204
Ottawa County Ohio GO Limited		4.000	%	12/01/2021	295,000		296,768
Portage County Ohio GO Limited		3.000	%	12/01/2021	270,000		270,574
Rowan County Kentucky GO Unlimited (AGM Insured)		4.000	%	06/01/2024	390,000		426,423
Summit County Ohio GO Limited		4.000	%	12/01/2023	300,000		323,741
Summit County Ohio GO Limited		4.000	%	12/01/2031	500,000		552,190
4.1% - Total For General Obligation - County						$	11,057,605
Ohio GO Limited		3.000	%	09/01/2026	1,385,000		1,465,085
Ohio GO Limited		4.000	%	03/01/2026	1,060,000		1,150,048
Ohio GO Unlimited		3.000	%	03/01/2027	555,000		572,941
Ohio GO Unlimited		5.000	%	09/01/2022	400,000		417,665
Ohio GO Unlimited		5.000	%	06/15/2024	410,000		462,026
Ohio GO Unlimited		5.000	%	05/01/2029	1,300,000		1,505,617
Ohio GO Unlimited		5.000	%	09/15/2029	1,030,000		1,339,293
Ohio GO Unlimited		5.000	%	06/15/2030	1,335,000		1,761,592
Ohio GO Unlimited		5.000	%	05/01/2031	850,000		984,114
Ohio GO Unlimited		5.000	%	06/15/2034	1,000,000		1,271,497
Ohio GO Unlimited		5.000	%	06/15/2035	1,000,000		1,269,012
Ohio GO Unlimited		5.000	%	06/15/2039	2,000,000		2,512,705
Pennsylvania GO Unlimited		4.000	%	01/01/2030	645,000		739,912
5.8% - Total For General Obligation - State						$	15,451,507
Arizona Board of Regents Revenue Arizona State University		5.000	%	08/01/2028	815,000		914,475
Arizona Board of Regents Revenue University of Arizona		5.000	%	06/01/2029	125,000		139,303
Bowling Green State University Ohio Revenue		4.000	%	06/01/2045	2,830,000		3,217,434
Bowling Green State University Ohio Revenue		5.000	%	06/01/2024	405,000		453,511
Bowling Green State University Ohio Revenue		5.000	%	06/01/2030	750,000		899,215
Bowling Green State University Ohio Revenue		5.000	%	06/01/2031	500,000		597,179
Bowling Green State University Ohio Revenue		5.000	%	06/01/2032	500,000		595,713
Bowling Green State University Ohio Revenue		5.000	%	06/01/2037	1,000,000		1,249,247
Butler University Revenue		4.000	%	02/01/2029	940,000		1,116,677
Butler University Revenue		5.000	%	02/01/2032	1,065,000		1,388,685
Colorado Board of Governors University Enterprise System Revenue		5.000	%	03/01/2027	225,000		275,464
Colorado Higher Education Lease Financing Program Certificate of Participation		5.000	%	11/01/2025	290,000		339,980
Cuyahoga County Ohio Community College GO Unlimited		4.000	%	12/01/2033	1,275,000		1,445,311
Cuyahoga County Ohio Community College GO Unlimited		5.000	%	12/01/2027	400,000		480,040
Denison University Ohio Revenue		5.000	%	11/01/2030	400,000		507,172
Denison University Ohio Revenue		5.000	%	11/01/2033	325,000		408,124
Kent State University Ohio General Receipt Revenue		4.000	%	05/01/2022	255,000		260,522
Kent State University Ohio General Receipt Revenue		5.000	%	05/01/2028	710,000		839,378
Kent State University Ohio Revenue		5.000	%	05/01/2031	1,000,000		1,318,562
Kent State University Ohio Revenue		5.000	%	05/01/2045	950,000		1,172,647

The accompanying notes are an integral part of these financial statements.

MUNICIPAL INCOME FUND	Portfolio of Investments as of September 30, 2021 - Unaudited
Municipal Income Securities - Bonds	Rate		Maturity	Face Value		Fair Value
Lorain County Ohio Community College District General Receipts Revenue Bond	4.000	%	12/01/2025	600,000		683,283
Miami University Ohio General Receipts Revenue	4.000	%	09/01/2045	1,500,000		1,732,987
Miami University Ohio General Receipts Revenue	5.000	%	09/01/2031	735,000		877,855
Miami University Ohio Revenue	4.000	%	09/01/2027	300,000		309,354
Miami Valley Ohio Career Tech Center GO Unlimited	4.000	%	12/01/2024	1,000,000		1,114,035
Morehead State University Kentucky General Receipts Revenue	3.000	%	11/01/2025	300,000		326,379
Nothern Kentucky University General Receipts Revenue	4.000	%	09/01/2026	715,000		823,838
Ohio Higher Education Facilities Revenue - University of Dayton	5.000	%	12/01/2036	2,010,000		2,457,239
Ohio Higher Education Facilities Revenue - University of Dayton	5.000	%	02/01/2035	1,350,000		1,703,406
Ohio Higher Education Facilities Revenue - University of Dayton	4.000	%	02/01/2036	1,050,000		1,229,742
Ohio Higher Education Facilities Revenue - University of Dayton	4.000	%	12/01/2033	620,000		714,482
Ohio Higher Education Facilities Revenue - Xavier University	4.500	%	05/01/2036	1,000,000		1,131,286
Ohio State University General Receipts Revenue	4.000	%	06/01/2030	200,000		226,390
Ohio University General Receipts Revenue Bond	5.000	%	12/01/2022	110,000		116,112
South Dakota Board of Regents Housing and Auxiliary Facilities System Revenue	5.000	%	04/01/2026	315,000		373,707
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2024	610,000		672,481
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2028	410,000		464,677
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2029	650,000		709,276
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2029	435,000		515,778
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2033	1,000,000		1,184,881
University of Akron Ohio General Receipts Revenue	5.000	%	01/01/2034	400,000		494,257
University of Akron Ohio General Receipts Revenue	4.000	%	01/01/2027	2,050,000		2,379,696
University of Akron Ohio Revenue	5.000	%	01/01/2027	350,000		416,897
University of Cincinnati General Receipts Revenue	4.000	%	06/01/2036	250,000		269,206
University of Cincinnati General Receipts Revenue*	5.000	%	06/01/2026	330,000		332,500
University of Cincinnati General Receipts Revenue	5.000	%	06/01/2026	140,000		141,033
University of Cincinnati General Receipts Revenue	5.000	%	06/01/2036	1,250,000		1,592,630
University of Cincinnati General Receipts Revenue	5.000	%	06/01/2039	1,250,000		1,408,169
University of Dayton Revenue	5.000	%	12/01/2036	470,000		574,578
University of North Dakota Certificate of Participation	4.000	%	06/01/2037	555,000		648,191
University of Toledo Revenue	5.000	%	06/01/2024	500,000		557,774
University of Toledo Revenue	5.000	%	06/01/2026	885,000		944,677
University of Toledo Revenue	5.000	%	06/01/2034	1,000,000		1,186,057
University of Toledo Revenue	5.000	%	06/01/2027	1,590,000		1,935,627
University of Toledo Revenue	5.000	%	06/01/2031	500,000		644,149
18.1% - Total For Higher Education					$	48,511,268
Butler County Ohio Cincinnati Childrens Hospital Medical Center Revenue	5.000	%	05/15/2030	1,005,000		1,305,891
Franklin County Ohio Hospital Revenue Nationwide Childrens	4.000	%	11/01/2036	800,000		919,582
Franklin County Ohio Hospital Revenue Nationwide Childrens	5.000	%	11/01/2032	500,000		616,256
Franklin County Ohio Hospital Revenue Nationwide Childrens	5.000	%	11/01/2048	3,100,000		4,654,239
Hamilton County Ohio Health Care Facilities Revenue - The Christ Hospital	4.125	%	06/01/2030	500,000		509,465
Hamilton County Ohio Health Care Facilities Revenue - The Christ Hospital	5.250	%	06/01/2025	1,000,000		1,029,809
Hamilton County Ohio Health Care Facilities Revenue - The Christ Hospital	5.250	%	06/01/2027	1,000,000		1,029,472
Hamilton County Ohio Hospital Facilities Revenue Cincinnati Children's Hospital	5.000	%	05/15/2027	100,000		112,040
Hamilton County Ohio Hospital Facilities Revenue Cincinnati Children's Hospital	5.000	%	05/15/2028	1,715,000		1,920,530
Hamilton County Ohio Hospital Facilities Revenue Cincinnati Children's Hospital	5.000	%	11/15/2041	1,205,000		1,743,416
Hamilton County Ohio Hospital Facilities Revenue Cincinnati Children's Hospital	5.000	%	11/15/2049	1,300,000		1,969,541
5.9% - Total For Hospital/Health Bonds					$	15,810,241
Columbus Ohio Metropolitan Library Special Obligation Revenue	4.000	%	12/01/2034	755,000		928,796
Columbus Ohio Metropolitan Library Special Obligation Revenue	5.000	%	12/01/2026	705,000		856,165
Columbus Ohio Metropolitan Library Special Obligation Revenue	5.000	%	12/01/2027	500,000		621,451
Franklin County Ohio Convention Facilities Authority Revenue*	5.000	%	12/01/2022	500,000		528,054
Franklin County Ohio Convention Facilities Authority Revenue	5.000	%	12/01/2028	450,000		563,010
Franklin County Ohio Convention Facilities Authority Revenue	5.000	%	12/01/2029	375,000		477,939
Franklin County Ohio Convention Facilities Authority Revenue	5.000	%	12/01/2030	600,000		762,117
Franklin County Ohio Convention Facilities Authority Revenue	5.000	%	12/01/2032	505,000		636,961
Hancock County Indiana	4.000	%	02/15/2022	765,000		775,534
Hancock County Indiana	4.000	%	02/15/2023	795,000		833,276
Ohio Capital Facilities Lease Appropriation Revenue*	5.000	%	04/01/2022	425,000		435,170
Ohio Capital Facilities Lease Appropriation Revenue	5.000	%	04/01/2025	995,000		1,152,968
Ohio Facilities Construction Commission	5.000	%	10/01/2027	505,000		627,451
Ohio Parks and Recreation Capital Facilities Revenue	5.000	%	02/01/2023	300,000		319,033
Ohio Parks and Recreation Capital Facilities Revenue	5.000	%	02/01/2030	500,000		569,999
Ohio Parks and Recreation Capital Facilities Revenue	5.000	%	12/01/2031	710,000		960,750
Ohio Parks and Recreation Capital Facilities Revenue	5.000	%	12/01/2035	1,160,000		1,444,654
4.7% - Total For Revenue Bonds - Facility					$	12,493,328
Anderson Indiana Sewage Works Revenue (AGM Insured)	4.000	%	11/01/2026	300,000		344,392
Cincinnati Ohio Water System Revenue	4.000	%	12/01/2030	1,000,000		1,155,689
Cleveland Ohio Water Revenue	5.000	%	01/01/2033	500,000		642,876
Evansville Indiana Waterworks District Revenue (BAM Insured)	4.000	%	01/01/2029	400,000		460,862
Evansville Indiana Waterworks District Revenue (BAM Insured)*	5.000	%	01/01/2022	300,000		303,469
Hamilton Ohio Sewer System Revenue	5.000	%	12/01/2030	1,000,000		1,296,924
Hamilton Ohio Wastewater System Revenue (BAM Insured)	5.000	%	10/01/2027	930,000		1,147,546
Lafayette Indiana Sewage Works Revenue	5.000	%	07/01/2022	150,000		155,257
Lima Ohio Sanitary Sewer Revenue	5.000	%	12/01/2024	200,000		210,369
Lima Ohio Sewer Revenue	3.000	%	12/01/2021	575,000		577,536
Ohio Water Development Authority Revenue	5.000	%	12/01/2025	1,110,000		1,317,122
Ohio Water Development Authority Revenue	5.250	%	12/01/2034	2,000,000		2,769,698
Owensboro Kentucky Water Revenue (BAM Insured)	5.000	%	09/15/2025	485,000		567,200

The accompanying notes are an integral part of these financial statements.

MUNICIPAL INCOME FUND	Portfolio of Investments as of September 30, 2021 - Unaudited
Municipal Income Securities - Bonds	Rate		Maturity	Face Value		Fair Value
Springboro Ohio Sewer System Revenue	4.000	%	06/01/2022	245,000		251,217
St. Charles County Missouri Public Water Supply Dist. 2 Certificates of Participation	4.000	%	12/01/2031	400,000		450,653
Toledo Ohio Water System Revenue	5.000	%	11/15/2025	255,000		295,806
Toledo Ohio Waterworks Revenue	4.000	%	11/15/2022	365,000		380,579
Toledo Ohio Waterworks Revenue	5.000	%	11/15/2026	500,000		606,469
Wise County Virginia Soil & Wastewater	1.200	%	11/01/2040	1,000,000		1,016,733
5.2% - Total For Revenue Bonds - Water & Sewer					$	13,950,397
Akron Ohio Certificate of Participation	5.000	%	12/01/2025	500,000		584,285
Akron Ohio Income Tax Revenue	4.000	%	12/01/2031	870,000		1,015,100
Akron Ohio Income Tax Revenue	5.000	%	12/01/2023	1,100,000		1,208,181
Akron Ohio Income Tax Revenue Community Learning Centers	5.000	%	12/01/2028	380,000		392,045
Akron Ohio Income Tax Revenue	5.000	%	12/01/2027	510,000		626,677
Cincinnati Ohio Economic Development Revenue (Baldwin 300 Project)	4.750	%	11/01/2030	500,000		583,345
Cincinnati Ohio Economic Development Revenue (Baldwin 300 Project)	5.000	%	11/01/2032	525,000		621,724
Cincinnati Ohio Economic Development Revenue U-Square-the-Loop Project*	3.500	%	11/01/2024	110,000		110,278
Hamilton County Ohio Economic Development King Highland Community Urban Redevelopment Corp. Revenue	5.000	%	06/01/2030	655,000		751,922
Linn County Iowa Certificates of Participation	2.000	%	06/01/2023	455,000		468,184
Mobile Alabama Industrial Development Board Pollution Control Revenue	2.924	%	07/15/2034	1,025,000		1,078,468
Monroe County Georgia Development Authority Pollution Control Revenue	2.050	%	07/01/2049	1,085,000		1,087,395
Ohio Major New State Infrastructure Project Revenue*	5.000	%	12/15/2022	250,000		258,392
Ohio Major New State Infrastructure Project Revenue	5.000	%	12/15/2023	500,000		552,108
Ohio Major New State Infrastructure Project Revenue	5.000	%	12/15/2023	500,000		552,108
Ohio Major New State Infrastructure Project Revenue	5.000	%	12/15/2026	500,000		600,466
Ohio Major New State Infrastructure Project Revenue	5.000	%	12/15/2027	1,060,000		1,271,899
Ohio Major New State Infrastructure Project Revenue	5.000	%	12/15/2028	570,000		683,069
Ohio Special Obligation Revenue	5.000	%	12/01/2029	510,000		614,476
Ohio Special Obligation Revenue	5.000	%	04/01/2033	1,570,000		2,029,863
Ohio Special Obligation Revenue	5.000	%	04/01/2025	610,000		706,845
Ohio Special Obligation Revenue	5.000	%	04/01/2026	500,000		597,095
Ohio Special Obligation Revenue	5.000	%	04/01/2023	1,010,000		1,082,010
Ohio Special Obligation Revenue	5.000	%	04/01/2029	665,000		762,585
St. Xavier High School Inc. Ohio Revenue	4.000	%	04/01/2036	400,000		465,300
St. Xavier High School Inc. Ohio Revenue	4.000	%	04/01/2037	575,000		666,911
St. Xavier High School Inc. Ohio Revenue	4.000	%	04/01/2038	400,000		462,825
St. Xavier High School Inc. Ohio Revenue	4.000	%	04/01/2039	400,000		461,663
Riversouth Ohio Authority Revenue	4.000	%	12/01/2031	700,000		793,151
Summit County Ohio Development Finance Authority Akron Lease Revenue	4.000	%	12/01/2027	220,000		244,495
Summit County Ohio Development Finance Authority Akron Lease Revenue	4.000	%	12/01/2028	435,000		481,383
8.1% - Total For Other Revenue Bonds					$	21,814,248
Aldine Texas ISD GO Unlimited	4.000	%	02/15/2030	780,000		865,506
Arcanum-Butler Ohio LSD GO	4.000	%	12/01/2029	675,000		747,248
Arcanum-Butler Ohio LSD GO	4.000	%	12/01/2030	650,000		718,925
Ashland Ohio CSD GO Unlimited	4.000	%	11/01/2028	505,000		604,676
Athens Ohio CSD GO Unlimited	4.000	%	12/01/2033	750,000		881,279
Avon Lake Ohio SD GO Unlimited	4.000	%	12/01/2025	1,000,000		1,137,921
Beachwood  Ohio CSD Certificates of Participation	3.000	%	12/01/2024	435,000		459,134
Bellbrook-Sugarcreek Ohio LSD GO Unlimited	4.000	%	12/01/2031	325,000		368,249
Bellfontaine Ohio SCD GO Unlimited (National RE Insured)	5.500	%	12/01/2026	615,000		736,773
Berea Ohio CSD GO Unlimited	4.000	%	12/01/2031	500,000		568,907
Bexley Ohio CSD GO Unlimited	3.000	%	12/01/2023	500,000		529,379
Big Walnut Ohio LSD GO Unlimited	4.000	%	12/01/2033	500,000		581,689
Bloom-Carroll Ohio LSD GO Unlimited	4.000	%	11/01/2030	290,000		345,620
Bloom-Carroll Ohio LSD GO Unlimited	4.000	%	11/01/2031	150,000		178,099
Bloom-Carroll Ohio LSD GO Unlimited (SDCP)	4.000	%	11/01/2029	325,000		389,839
Blue Mountain Pennsylvania SD GO Limited*	4.000	%	08/01/2024	135,000		148,879
Blue Mountain Pennsylvania SD GO Limited	4.000	%	08/01/2024	365,000		402,140
Boone County Kentucky SD Revenue	3.000	%	03/01/2026	1,000,000		1,093,384
Breckinridge County Kentucky SD Finance Corp.	5.000	%	04/01/2025	265,000		305,276
Brownsville Indianna CSC Revenue	5.000	%	01/15/2027	535,000		647,515
Chagrin Falls Ohio Exempted Village SD GO	4.000	%	12/01/2022	100,000		104,436
Chillicothe Ohio CSD Special Obligation Revenue	4.000	%	12/01/2023	130,000		134,912
Chillicothe Ohio SD GO Unlimited (AGM Insured)	4.000	%	12/01/2029	400,000		439,524
China Spring ISD Texas GO Unlimited	4.000	%	08/15/2027	890,000		1,004,167
Clark County Kentucky SD Finance Corp. Revenue Bond*	3.000	%	08/01/2022	115,000		117,547
Cleveland Heights and University Heights Ohio CSD GO Unlimited	4.000	%	12/01/2032	1,000,000		1,154,534
Colorado Building Excellent Schools Today Certificates of Participation	4.000	%	03/15/2030	1,000,000		1,176,279
Columbus Ohio CSD GO Unlimited	4.000	%	12/01/2029	400,000		455,974
Columbus Ohio CSD GO Unlimited	4.000	%	12/01/2022	655,000		683,978
Daviess County Kentucky SD GO Unlimited	5.000	%	06/01/2027	1,825,000		2,223,954
Dayton Ohio SCD GO Unlimited (SDCP)	5.000	%	11/01/2025	1,000,000		1,179,857
Dexter Michigan CSD GO Unlimited	4.000	%	05/01/2031	670,000		771,715
Dublin Ohio CSD GO Unlimited	4.000	%	12/01/2034	500,000		591,570
Dublin Ohio CSD GO Unlimited*	5.000	%	12/01/2026	500,000		539,713
Elyria Ohio SCD GO Unlimited (SDCP)	4.000	%	12/01/2030	1,000,000		1,158,425
Franklin Indiana Community Multi-School Building Corp.	5.000	%	01/15/2023	200,000		211,923
Granville Ohio Exempted Village SD GO Unlimited	5.000	%	12/01/2026	510,000		604,006
Greencastle Indiana School Corp Revenue	4.000	%	07/15/2029	695,000		825,865
Green County Ohio Vocational SD GO Unlimited	4.000	%	12/01/2035	1,000,000		1,162,666
Hamilton Indiana Southeastern Schools Corp Revenue	4.000	%	07/15/2025	510,000		574,327
Hamilton Ohio CSD GO Unlimited	4.000	%	12/01/2025	500,000		569,402

The accompanying notes are an integral part of these financial statements.

MUNICIPAL INCOME FUND	Portfolio of Investments as of September 30, 2021 - Unaudited
Municipal Income Securities - Bonds	Rate		Maturity	Face Value		Fair Value
Hardin County Kentucky SD Finance Corp. Revenue	5.000	%	05/01/2024	500,000		556,758
Houston Texas ISD GO Limited	5.000	%	02/15/2030	440,000		519,022
Huber Heights Ohio CSD GO Unlimited	4.000	%	12/01/2025	775,000		862,081
Hudson Ohio CSD GO Unlimited	4.000	%	12/01/2033	800,000		906,862
Huntington County Indiana Countryside School Building Corp. Revenue	4.000	%	01/15/2028	1,000,000		1,163,813
Jackson Milton Ohio LSD Certificates of Participation (BAM Insured)	4.000	%	06/01/2031	270,000		296,462
Jefferson County Kentucky SD Finance Corp.	5.000	%	10/01/2026	530,000		639,857
Johnstown-Monroe Ohio LSD GO Unlimited	4.000	%	12/01/2029	800,000		924,114
Kenton County Kentucky SD Finance Corp. Revenue	4.000	%	02/01/2028	400,000		452,254
Kettering Ohio CSD GO Unlimited	4.000	%	12/01/2030	400,000		453,581
Kettering Ohio CSD GO Unlimited	5.250	%	12/01/2031	500,000		625,557
Lake Ohio LSD of Stark County GO Unlimited*	4.000	%	12/01/2023	400,000		417,816
Lakota Ohio LSD GO	5.250	%	12/01/2025	205,000		244,332
Lakota Ohio LSD GO	4.000	%	01/15/2026	400,000		456,817
Lakota Ohio LSD GO Unlimited*	4.000	%	12/01/2027	275,000		289,993
Lakota Ohio LSD GO Unlimited	5.000	%	12/01/2021	350,000		352,702
Lancaster Ohio CSD GO Limited (SDCP)*	4.000	%	10/01/2027	1,000,000		1,109,797
Licking Heights Ohio LSD GO Unlimited	5.000	%	10/01/2025	715,000		839,191
Licking Heights Ohio LSD GO Unlimited	5.000	%	10/01/2027	500,000		620,248
Logan Hocking Ohio LSD Certificates of Participation	4.000	%	12/01/2032	420,000		472,212
Marysville Ohio Exempted Village SD GO Unlimited	4.000	%	12/01/2023	165,000		172,255
Marysville Ohio Exempted Village SD GO Unlimited	5.000	%	12/01/2025	500,000		550,199
Marysville Ohio Exempted Village SD GO Unlimited	5.000	%	12/01/2022	715,000		753,784
Mayfield Ohio CSD Certificates of Participation	4.000	%	09/01/2032	280,000		317,421
Menifee County Kentucky SD Financial Corp. Revenue	3.000	%	08/01/2027	615,000		672,848
Merrillville Indiana Multi School Building Corp.	5.000	%	07/15/2026	1,000,000		1,198,622
Middletown Ohio CSD GO Umlimited (SDCP)	4.000	%	12/01/2027	585,000		667,199
Milford Ohio Exempt Village SD GO Unlimited (AGM Insured)	5.500	%	12/01/2030	1,260,000		1,618,593
Munster Indiana School Building Corp. Revenue (State Intercept)	4.000	%	01/15/2029	400,000		463,527
Murray Kentucky ISD Finance Corporation Revenue	5.000	%	03/01/2025	810,000		928,494
Newark Ohio CSD GO Unlimited (School District Credit Program)	4.000	%	12/01/2026	235,000		260,857
North Olmsted Ohio CSD GO Unlimited	4.000	%	12/01/2029	500,000		586,954
Northwest Ohio LSD Hamilton & Butler Counties GO Unlimited*	5.000	%	12/01/2028	100,000		110,149
Northwest Ohio LSD Hamilton & Butler Counties GO Unlimited*	5.000	%	12/01/2029	150,000		165,224
Olentangy Ohio LSD GO Unlimited*	4.000	%	12/01/2026	1,000,000		1,041,618
Orchard Farm Missouri SD Certificate of Participation	4.000	%	04/01/2029	550,000		644,962
Orange County Florida School Board Certificates of Participation*	5.000	%	08/01/2032	500,000		585,551
Owen County Kentucky SD Revenue	4.000	%	04/01/2027	1,320,000		1,532,547
Pennsbury Pennsylvania SD GO Limited	5.000	%	08/01/2029	550,000		678,125
Princeton Ohio CSD Certificates of Participation	3.500	%	12/01/2026	275,000		276,102
Princeton Ohio CSD GO Unliimited (National RE Insured)	5.250	%	12/01/2030	1,000,000		1,288,650
Sarah Scott Indiana Middle School Building Corp. Revenue	5.000	%	07/10/2022	640,000		662,826
Shelby Indiana Eastern SD Revenue	4.000	%	01/15/2025	510,000		566,528
Shelby Ohio CSD Certificates of Participation	4.000	%	11/01/2021	320,000		320,862
Shelby Ohio CSD Certificates of Participation	4.000	%	11/01/2022	675,000		700,733
Southwest Ohio LSD of Hamilton County GO Unlimited (SDCP)	4.000	%	12/01/2026	930,000		1,082,446
Southwest Ohio LSD of Hamilton County GO Unlimited (SDCP)	4.000	%	12/01/2027	965,000		1,141,779
South-Western City Ohio SD GO Unlimited*	4.000	%	12/01/2025	1,000,000		1,025,457
Switzerland Ohio LSD GO Unlimited (SDCEP Insured)*	4.000	%	12/01/2026	415,000		440,737
Talawanda Ohio CSD	5.000	%	12/01/2027	775,000		960,630
Teays Valley Ohio LSD	4.000	%	12/01/2032	580,000		654,888
Toledo Ohio CSD GO Unlimited	5.000	%	12/01/2029	660,000		778,667
Tri Valley Ohio LSD GO	4.000	%	12/01/2026	710,000		805,421
Trotwood-Madison Ohio CSD GO Unlimited (SDCP)	4.000	%	12/01/2028	410,000		478,112
Trotwood-Madison Ohio CSD GO Unlimited (SDCP)	4.000	%	12/01/2029	500,000		580,310
Trotwood-Madison Ohio CSD GO Unlimited (SDCP)	4.000	%	12/01/2030	350,000		405,449
Upper Arlington Ohio CSD GO Unlimited	4.000	%	12/01/2030	1,380,000		1,615,607
Vandalia Butler Ohio CSD GO Unlimited	3.000	%	12/01/2024	500,000		538,871
Wadsworth Ohio CSD GO Unlimited	3.500	%	12/01/2022	215,000		215,501
Wadsworth Ohio CSD GO Unlimited	4.000	%	12/01/2027	840,000		926,568
Wadsworth Ohio CSD GO Unlimited	4.000	%	12/01/2033	1,075,000		1,179,761
Wentzville R-IV SD of Saint Charles County Missouri Certificates of Participation	4.000	%	04/01/2030	395,000		436,863
Western Reserve Ohio LSD GO (SDCEP Insured)	4.000	%	12/01/2022	240,000		240,659
Westerville Ohio SCD Certificate of Participation	5.000	%	12/01/2032	555,000		678,568
Willoughby-Eastlake Ohio CSD Certificates of Participation (BAM Insured)	4.000	%	03/01/2030	810,000		880,388
Wyoming Ohio CSD GO Unlimited	5.000	%	12/01/2023	200,000		219,897
26.7% - Total For School District					$	71,649,890
Colorado State Certificate of Participation	4.000	%	12/15/2034	1,000,000		1,209,997
Colorado State Certificate of Participation	4.000	%	12/15/2039	2,000,000		2,375,913
Kentucky Association of Counties Finance Corp. Revenue	4.000	%	02/01/2029	575,000		680,416
Kentucky Certificates of Participation	4.000	%	04/15/2028	695,000		812,696
Kentucky Certificates of Participation	4.000	%	04/15/2031	500,000		574,270
Kentucky Interlocal School Transportation Assoc. Certificate of Participation	3.000	%	03/01/2024	560,000		579,305
Kentucky Property and Buildings Commission Revenue	5.000	%	10/01/2023	350,000		382,175
Kentucky Property and Buildings Commission Revenue	5.000	%	08/01/2029	600,000		693,571
Kentucky Property and Buildings Commission Revenue	5.000	%	08/01/2030	600,000		693,634
Kentucky Property and Buildings Commission Revenue	5.000	%	09/01/2024	1,000,000		1,130,924
Kentucky Property and Buildings Commission Revenue	5.000	%	11/01/2026	1,145,000		1,384,195
Kentucky Property and Buildings Commission Revenue	5.000	%	10/01/2026	635,000		765,930
Kentucky Property and Buildings Commission Revenue	5.000	%	04/01/2026	525,000		623,357

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Short Duration Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Municipal Income Securities - Bonds	Rate		Maturity	Face Value		Fair Value
Ohio Certificate of Participation	5.000	%	09/01/2027	1,520,000		1,884,716
Ohio Department of Administration Building Funding Series B	5.000	%	10/01/2025	660,000		777,500
Ohio Department of Administration Certificate of Participation*	5.000	%	09/01/2023	1,320,000		1,346,232
Ohio Department of Administration Certificate of Participation*	4.000	%	09/01/2025	775,000		787,239
Ohio Department of Administration Certificate of Participation*	5.000	%	03/01/2024	300,000		305,962
Ohio Department of Administration Certificate of Participation - Multi-Agency Radio Communication Project*	4.000	%	09/01/2027	145,000		147,290
Ohio Department of Administration Certificate of Participation	5.000	%	09/01/2023	755,000		823,694
6.7% - Total For State Agency					$	17,979,016
FHLMC Multifamily ML Certificates (Freddie Mac Guaranty Agreement)	3.400	%	01/25/2036	1,921,538		2,170,167
FHLMC Series M 053 Class A	2.550	%	06/15/2035	3,953,560		4,145,590
Missouri State Housing Development Commission Single Family Mortgage Revenue	3.500	%	11/01/2050	910,000		994,881
Missouri State Housing Development Commission Single Family Mortgage Revenue	3.500	%	11/01/2050	2,595,000		2,854,825
Missouri State Housing Development Commission Single Family Mortgage Revenue	3.875	%	05/01/2050	1,740,000		1,919,733
Ohio Housing Finance Agency Residential Mortgage Revenue	3.000	%	03/01/2052	2,000,000		2,173,554
Ohio Housing Finance Agency Residential Mortgage Revenue	3.700	%	03/01/2032	715,000		762,524
5.6% - Total For Housing					$	15,021,274
Total Municipal Income Securities - Bonds	12.3	%			$	263,276,685
(Identified Cost $253,760,066)
				Shares
Cash Equivalents
Dreyfus AMT-Free Tax Cash Management Fund***				2,148,349		2,148,134
Total Cash Equivalents	0.8	%			$	2,148,134
(Identified Cost  $2,148,134)
Total Portfolio Value	13.1	%			$	265,424,819
(Identified Cost $255,908,200)
Other Assets in Excess of Liabilities	1.1	%			$	2,900,375
Total Net Assets	14.2	%			$	268,325,194

* Pre-refunded / Escrowed-to-Maturity Bonds; as of September 30, 2021, these bonds represented 4.30% of total assets.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.01%.

AGM - Assured Guaranty Municipal Mortgage Association

AMBAC - American Municipal Bond Assurance Corp.

BAM - Build America Mutual

CSC - Community School Corporation

CSD - City School District

FGIC - Financial Guaranty Insurance Co.

FHLMC - Federal Home Loan Mortgage Corp.

FNMA - Federal National Mortgage Association

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Short Duration Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Fixed Income Securities - Bonds	Rate			Maturity		Face Value		Fair Value
Corporate Bonds:
ACE INA Holdings		3.350	%		05/15/2024		5,697,000	$	6,094,937
American Express Credit		2.500	%		07/30/2024		4,340,000		4,561,429
AON PLC		3.500	%		06/14/2024		2,385,000		2,545,740
AON PLC		3.875	%		12/15/2025		2,700,000		2,979,585
Bank of America Corp.		3.300	%		01/11/2023		2,080,000		2,158,465
Bank of America Corp.		3.875	%		08/01/2025		3,805,000		4,191,827
Essex Portfolio LP		3.375	%		04/15/2026		2,654,000		2,861,741
Essex Portfolio LP		3.875	%		05/01/2024		1,950,000		2,085,426
BB&T Corp.		3.750	%		12/06/2023		3,075,000		3,283,999
Fifth Third Bancorp		4.300	%		01/16/2024		3,440,000		3,697,574
Fifth Third Bancorp		2.375	%		01/28/2025		1,770,000		1,840,079
Goldman Sachs		5.750	%		01/24/2022		4,750,000		4,830,427
Huntington Bancshares		2.300	%		01/14/2022		1,598,000		1,604,624
Huntington Bancshares		2.625	%		08/06/2024		2,960,000		3,104,227
JP Morgan Chase & Co.		3.375	%		05/01/2023		3,212,000		3,358,907
JP Morgan Chase & Co.		3.875	%		09/10/2024		1,545,000		1,679,472
Key Bank Corp.		2.500	%		11/22/2021		3,750,000		3,761,840
Marsh & McLennan Co. Inc.		3.500	%		06/03/2024		3,830,000		4,086,227
Marsh & McLennan Co. Inc.		3.500	%		03/10/2025		1,000,000		1,075,301
Morgan Stanley		3.700	%		10/23/2024		2,460,000		2,667,982
Morgan Stanley		4.000	%		07/23/2025		2,000,000		2,202,631
National Retail Properties		4.000	%		11/15/2025		2,121,000		2,345,011
PNC Financial Services		3.900	%		04/29/2024		4,840,000		5,221,576
Suntrust Banks Inc.		4.000	%		05/01/2025		592,000		650,971
MUFG Americas Holding		3.000	%		02/10/2025		6,048,000		6,415,030
US Bancorp		3.600	%		09/11/2024		5,709,000		6,183,836
Wells Fargo & Co.		3.450	%		02/13/2023		4,775,000		4,969,204
Wells Fargo & Co.		3.550	%		09/29/2025		600,000		653,406
28.3% - Total Finance								$	91,111,474
Dover Corp.		3.150	%		11/15/2025		4,548,000		4,865,264
Eaton Corp.		2.750	%		11/02/2022		3,230,000		3,313,253
Burlington Northern Santa Fe		3.400	%		09/01/2024		2,201,000		2,363,585
Burlington Northern Santa Fe		3.050	%		09/01/2022		1,207,000		1,229,710
CVS Health Corp.		3.875	%		07/20/2025		4,300,000		4,706,137
Johnson Controls International PLC		3.625	%		07/02/2024		2,801,000		2,988,351
Kroger Co.		4.000	%		02/01/2024		4,600,000		4,915,761
McDonalds Corp.		2.625	%		01/15/2022		1,000,000		1,007,090
Microsoft Corp.		3.125	%		11/03/2025		1,300,000		1,409,475
Nike Corp.		2.400	%		03/27/2025		5,745,000		6,026,957
Norfolk Southern Corp.		2.903	%		02/15/2023		4,000,000		4,111,017
Norfolk Southern Corp.		5.590	%		05/17/2025		1,000,000		1,150,874
Shell International		3.250	%		05/11/2025		5,910,000		6,381,870
Union Pacific Corp.		3.150	%		03/01/2024		2,700,000		2,859,300
Walt Disney Co.		1.750	%		08/30/2024		4,530,000		4,669,741
16.2% - Total Industrial								$	51,998,385
Berkshire Hathaway Energy Co.		2.800	%		01/15/2023		1,272,000		1,309,426
Berkshire Hathaway Energy Co.		3.750	%		11/15/2023		1,000,000		1,062,883
Duke Energy Corp.		3.050	%		08/15/2022		1,200,000		1,219,596
Duke Energy Corp.		3.750	%		04/15/2024		4,009,000		4,277,092
Enterprise Products		3.350	%		03/15/2023		3,300,000		3,417,925

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Short Duration Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Enterprise Products	3.750	%	02/15/2025	1,200,000		1,301,444
Eversource Energy	2.750	%	03/15/2022	4,907,000		4,950,754
Georgia Power Co.	2.100	%	07/30/2023	1,200,000		1,235,431
Georgia Power Co.	2.200	%	09/15/2024	2,043,000		2,121,254
Georgia Power Co.	2.850	%	05/15/2022	1,600,000		1,625,280
Interstate Power & Light Co.	3.400	%	08/15/2025	4,222,000		4,519,583
Interstate Power & Light Co.	3.250	%	12/01/2024	449,000		479,464
Virginia Electric & Power Co.	2.750	%	03/15/2023	2,494,000		2,565,505
Virginia Electric & Power Co.	2.950	%	01/15/2022	3,000,000		3,003,688
Wisconsin Power	2.250	%	11/15/2022	1,000,000		1,015,242
Xcel Energy Inc.	3.300	%	06/01/2025	4,720,000		5,035,720
12.2% - Total Utilities					$	39,140,287
56.7% Total Corporate Bonds					$	182,250,146
Certificates of Deposit
Goldmans Sachs	3.400	%	10/17/2023	250,000		265,396
0.1% - Total For Certificates of Deposit						265,396
United States Government Treasury Obligations
Treasury Note	0.125	%	07/15/2023	5,000,000		4,989,453
Treasury Note	0.250	%	06/30/2025	2,500,000		2,454,785
Treasury Note (Tbill 13week auction high + 0.049%)*	0.084	%	01/31/2023	700,000		700,303
Treasury Note	1.500	%	01/15/2023	7,800,000		7,935,891
Treasury Note	2.250	%	04/30/2024	8,000,000		8,372,812
Treasury Note	0.375	%	01/31/2026	1,000,000		978,164
Treasury Note	1.625	%	08/31/2022	3,500,000		3,548,945
Treasury Note	2.000	%	02/15/2025	5,400,000		5,647,008
Treasury Note	2.125	%	05/15/2022	6,000,000		6,076,875
12.6% - Total United States Government Treasury Obligations					$	40,704,236
United States Government Agency Obligations
FHLB	1.375	%	08/26/2026	3,700,000		3,727,348
FHLB	1.375	%	09/29/2026	1,585,000		1,598,911
FHLB	2.625	%	12/10/2021	4,200,000		4,220,081
FHLMC	0.450	%	07/22/2024	4,000,000		3,998,465
FHLMC	2.500	%	12/01/2027	907,902		950,936
FNMA	0.500	%	06/17/2025	4,195,000		4,162,474
FNMA	0.375	%	08/25/2025	11,130,000		10,955,386
FHLMC	2.375	%	01/13/2022	4,000,000		4,026,190
10.5% - Total United States Government Agency Obligations					$	33,639,791
United States Government Agency Obligations - Mortgage-Backed Securities
FHLMC 10/1 Hybrid ARM (12 month LIBOR + 1.860%)*	3.272	%	04/01/2042	69,725		72,294
FHLMC Pool G15973	3.000	%	07/01/2031	1,343,712		1,426,762
FHLMC Pool G16330	3.500	%	08/01/2032	1,372,291		1,471,843
FHLMC Pool G18642	3.500	%	04/01/2032	1,587,151		1,701,175
FHLMC Pool ZS9286	4.500	%	04/01/2035	1,184,169		1,300,261
FHLMC Pool ZT1964	3.500	%	06/01/2032	1,321,876		1,422,821
FHLMC Series 2989 Class TG	5.000	%	06/15/2025	159,347		167,835
FHLMC Series 4009 Class PA	2.000	%	06/15/2041	125,782		129,055
FHLMC Series 4017 Class MA	3.000	%	03/15/2041	4,751		4,751
FHLMC Series 4125 Class KP	2.500	%	05/15/2041	817,827		843,730
FHLMC Series 4198 Class BE	2.000	%	10/15/2040	439,890		443,653
FHLMC Series 4440 Class VC	2.500	%	08/15/2026	791,723		792,769
FHLMC Series 4980 Class DB	1.250	%	10/25/2034	3,832,714		3,841,188
FHLMC Pool V61479	2.500	%	01/01/2032	4,413,385		4,636,250
FNMA 7/1 Hybrid ARM (12 month LIBOR + 1.599%)*	2.746	%	02/01/2046	224,196		234,646
FNMA 7/1 Hybrid ARM (12 month LIBOR + 1.600%)*	2.839	%	12/01/2044	174,644		181,799
FNMA Pool AL7077	4.000	%	07/01/2035	703,526		776,575
FNMA Pool AL6465	2.920	%	11/01/2023	207,183		209,480
FNMA Pool AL9230	3.500	%	12/01/2029	753,424		809,104

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Short Duration Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

FNMA Pool AM0066	2.630	%	08/01/2022		1,545,312		1,559,350
FNMA Pool AN3444	2.230	%	11/01/2023		2,917,354		3,000,525
FNMA Pool FM1897	3.000	%	09/01/2032		1,500,847		1,580,330
FNMA Pool FM2287	4.500	%	03/01/2034		1,522,112		1,649,460
FNMA Pool FM2989	3.000	%	09/01/2034		1,304,090		1,382,632
FNMA Pool FM8700	4.500	%	07/01/2034		1,778,877		1,932,447
FNMA Pool MA0384	5.000	%	04/01/2030		307,240		340,803
FNMA Series 2003-79 Class NJ	5.000	%	08/25/2023		60,138		61,891
FNMA Series 2013-6 Class BC	1.500	%	12/25/2042		298,621		304,052
FNMA Series 2013-3 Class DK	1.750	%	02/25/2033		747,871		769,785
FNMA Series 2013-1 Class LA	1.250	%	02/25/2028		1,318,383		1,326,881
FNMA Series 2017-30 Class G	3.000	%	07/25/2040		284,385		287,371
FNMA Series 2020-44 Class TE	2.000	%	12/25/2035		2,795,201		2,896,433
FNMA Series 2020-95 Class GA	1.000	%	01/25/2051		7,920,339		7,759,284
GNMA Pool 726475	4.000	%	11/15/2024		46,620		49,317
14.1% - Total United States Government Agency Obligations- Mortgage-Backed Securities						$	45,366,552
Taxable Municipal Bonds
Allegeny County Pennsylvania	0.843	%	11/01/2024		600,000		602,907
Allegeny County Pennsylvania	0.973	%	11/01/2025		1,835,000		1,835,042
Franklin County Ohio Convention Facitilites	1.255	%	12/01/2025		500,000		503,116
Kansas Development Finance Authority Revenue	3.227	%	04/15/2022		1,600,000		1,625,514
Kansas Development Finance Authority Revenue	3.491	%	04/15/2023		1,400,000		1,466,670
Kent State University	1.960	%	05/01/2024		1,000,000		1,031,099
Kentucky State Property and Lodging Commission	2.080	%	11/01/2023		700,000		719,200
Ohio Special Obligation Capital Facilities Lease	1.700	%	04/01/2023		500,000		510,040
Pennsylvania State University	1.545	%	09/01/2024		1,145,000		1,174,067
Pennsylvania State University	1.645	%	09/01/2025		2,000,000		2,054,464
Port of Greater Cincinnati	2.100	%	04/01/2023		500,000		500,201
Youngstown Ohio	1.000	%	07/21/2022		1,000,000		1,006,198
University of Cincinnati General Receipts	1.878	%	06/01/2023		1,100,000		1,129,142
University of Kentucky General Receipts Build America Bond	4.850	%	11/01/2021		1,500,000		1,504,868
4.9% - Total For Taxable Municipal Bonds						$	15,662,528
Total Fixed Income Securities			98.9	%		$	317,888,649
(Identified Cost  $316,732,939)
Cash Equivalents					Shares
First American Government Obligation Fund, Class Z**					2,805,338		2,805,338
Total Cash Equivalents			0.9	%		$	2,805,338
(Identified Cost  $2,805,338)
Total Portfolio Value			99.8	%		$	320,693,987
(Identified Cost  $319,538,277)
Other Assets in Excess of Liabilities			0.2	%		$	665,618
Total Net Assets			100.0	%		$	321,359,605

* Variable Rate Security; the rate shown is as of September 30, 2021.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ARM - Adjustable Rate Mortgage

FHLB - Federal Home Loan Bank

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

GNMA - Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Intermediate Bond Fund	Portfolio of Investments as of September 30, 2021 - Unaudited
Fixed Income Securities

Corporate Bonds:	Rate			Maturity	Face Value		Fair Value
American Express Co.		4.200	%	11/06/2025		3,550,000	$	3,995,882
AON Corp.		3.750	%	05/02/2029		3,500,000		3,892,477
Bank of America		3.248	%	10/21/2027		4,400,000		4,748,752
BB&T Corp.		3.750	%	12/06/2023		2,000,000		2,135,934
BB&T Corp.		3.950	%	03/22/2022		1,000,000		1,014,622
Essex Portfolio LP		3.000	%	01/15/2030		2,120,000		2,227,896
Essex Portfolio LP		4.000	%	03/01/2029		1,216,000		1,362,494
Fifth Third Bancorp		2.375	%	01/28/2025		3,114,000		3,237,292
Huntington Bancshares		4.000	%	05/15/2025		3,725,000		4,082,591
JP Morgan Chase & Co.		3.875	%	09/10/2024		3,065,000		3,331,768
Keycorp		2.550	%	10/01/2029		1,655,000		1,720,758
Keycorp		4.100	%	04/30/2028		1,000,000		1,142,041
Marsh & McLennan Co. Inc.		3.500	%	06/03/2024		1,500,000		1,600,350
Marsh & McLennan Co. Inc.		4.375	%	03/15/2029		1,750,000		2,030,238
Morgan Stanley		3.700	%	10/23/2024		4,135,000		4,484,596
MUFG Americas Holdings Corp.		3.000	%	02/10/2025		4,300,000		4,560,950
PNC Financial Services		3.450	%	04/29/2029		1,000,000		1,107,045
PNC Financial Services		3.500	%	01/23/2024		2,000,000		2,126,070
Suntrust Bank Inc.		4.000	%	05/01/2025		2,000,000		2,199,226
US Bancorp		3.000	%	07/30/2029		2,125,000		2,280,766
US Bancorp		3.100	%	04/27/2026		2,000,000		2,158,197
Wells Fargo & Co.		4.000	%	06/03/2026		1,220,000		1,357,998
Wells Fargo & Co.		4.300	%	07/22/2027		2,600,000		2,951,283
24.5% - Total Finance							$	59,749,226
CVS Health Corp.		4.300	%	03/25/2028		3,200,000		3,639,562
Dover Corp		3.150	%	11/15/2025		2,650,000		2,834,861
Eaton Corp.		2.750	%	11/02/2022		1,900,000		1,948,973
Home Depot Inc.		2.500	%	04/15/2027		3,000,000		3,182,327
Johnson Controls International PLC		3.900	%	02/14/2026		2,282,000		2,510,745
JP Morgan Chase & Co.		3.300	%	04/01/2026		970,000		1,051,277
Kroger Co.		3.500	%	02/01/2026		2,100,000		2,297,522
Lowes Cos. Inc.		4.500	%	04/15/2030		2,000,000		2,342,193
McDonalds Corp.		3.600	%	07/01/2030		3,025,000		3,360,996
Starbucks Corp.		2.250	%	03/12/2030		3,600,000		3,625,206
Union Pacific Corp.		3.500	%	06/08/2023		1,650,000		1,731,876
Verizon Communication Inc.		4.016	%	12/03/2029		3,235,000		3,660,962
Walt Disney Corp.		3.800	%	03/22/2030		4,245,000		4,822,907
15.2% - Total Industrial							$	37,009,407
Berkshire Hathaway Energy Co.		3.750	%	11/15/2023		2,175,000		2,311,770
Berkshire Hathaway Energy Co.		3.250	%	04/15/2028		2,100,000		2,288,966
Duke Energy Corp.		2.450	%	06/01/2030		2,750,000		2,774,888
Duke Energy Corp.		2.650	%	09/01/2026		1,000,000		1,054,449
Enterprise Products		3.750	%	02/15/2025		1,860,000		2,017,239
Enterprise Products		4.150	%	10/16/2028		1,300,000		1,478,866
Enterprise Products		4.250	%	04/01/2029		1,000,000		1,141,941
Eversource Energy		3.300	%	01/15/2028		2,700,000		2,920,479
Georgia Power Co.		2.200	%	09/15/2024		325,000		337,449
Georgia Power Co.		2.650	%	09/15/2029		2,000,000		2,082,848
Georgia Power Co.		2.850	%	05/15/2022		1,111,000		1,128,554
Interstate Power & Light Co.		3.400	%	08/15/2025		1,035,000		1,107,951
Interstate Power & Light Co.		4.100	%	09/26/2028		2,225,000		2,529,434
National Rural Utilites Corp.		3.400	%	11/15/2023		3,000,000		3,165,649
Virginia Electric & Power Co.		2.750	%	03/15/2023		935,000		961,807
Virginia Electric & Power Co.		2.950	%	01/15/2022		500,000		500,615
Virginia Electric & Power Co.		3.100	%	05/15/2025		394,000		418,564

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Intermediate Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Virginia Electric & Power Co.	3.450	%	02/15/2024	565,000		598,643
Xcel Energy Inc.	3.300	%	06/01/2025	3,500,000		3,734,114
13.4% - Total Utilities					$	32,554,226
53.1% Total Corporate Bonds					$	129,312,859
Certificates of Deposit
Goldmans Sachs	3.400	%	10/17/2023	250,000		265,396
0.1% - Total For Certificates of Deposit						265,396
United States Government Treasury Obligations
Treasury Note	0.125	%	04/30/2022	3,250,000		3,251,016
Treasury Note	1.500	%	11/30/2024	5,450,000		5,608,178
Treasury Note	1.500	%	02/15/2030	5,750,000		5,780,772
Treasury Note	1.625	%	05/15/2026	11,200,000		11,546,937
Treasury Note	2.000	%	11/15/2026	12,500,000		13,108,887
Treasury Note	2.125	%	11/30/2023	10,200,000		10,596,047
Treasury Note	2.625	%	02/15/2029	8,000,000		8,715,313
Treasury Note	2.750	%	02/15/2028	9,000,000		9,839,883
Treasury Note	3.125	%	11/15/2028	9,000,000		10,103,906
32.4% - Total United States Government Treasury Obligations					$	78,550,939
United States Government Agency Obligations
FHLB	2.875	%	09/13/2024	1,500,000		1,603,295
FHLB	3.250	%	11/16/2028	1,800,000		2,028,181
1.5% - Total United States Government Agency Obligations					$	3,631,476
United States Government Agency Obligations - Mortgage Backed Securities
FHLMC 10/1 Hybrid ARM (12 month LIBOR + 1.860%)*	3.272	%	04/01/2042	74,705		77,457
FHLMC Pool G08068	5.500	%	07/01/2035	108,141		125,760
FHLMC Pool G18642	3.500	%	04/01/2032	845,879		906,649
FHLMC Pool J12635	4.000	%	07/01/2025	132,196		140,161
FHLMC Pool SB0297	3.000	%	03/01/2035	2,899,368		3,076,052
FHLMC Pool SC0047	3.000	%	01/01/2040	4,075,051		4,369,264
FHLMC Series 2985 Class GE	5.500	%	06/15/2025	40,426		43,010
FHLMC Series 3946 Class LN	3.500	%	04/15/2041	336,377		355,566
FHLMC Series 4017 Class MA	3.000	%	03/15/2041	1,939		1,939
FHLMC Series 4151 Class PA	2.000	%	01/15/2033	1,470,072		1,522,810
FNMA 10/1 Hybrid ARM (12 month LIBOR + 1.780%)*	3.314	%	12/01/2041	94,873		100,069
FNMA 7/1 Hybrid ARM (12 month LIBOR + 1.600%)*	2.839	%	12/01/2044	179,383		186,732
FNMA Pool AA4392	4.000	%	04/01/2039	116,836		128,568
FNMA Pool FM5050	2.500	%	02/01/2035	3,789,366		3,949,261
FNMA Pool AN8842	3.320	%	04/01/2028	2,500,000		2,730,818
FNMA Pool MA0384	5.000	%	04/01/2030	122,896		136,321
FNMA Pool MA1237	3.000	%	11/01/2032	1,182,762		1,253,311
FNMA Series 2011-52 Class PC	3.000	%	03/25/2041	534,287		559,306
FNMA Series 2012-12 Class KD	2.000	%	11/25/2042	758,001		772,348
FNMA Series 2015-37 Class BA	3.000	%	08/25/2044	991,217		1,046,887
FNMA Series 2016-39 Class LA	2.500	%	03/25/2045	702,288		731,205
FNMA Series 2016-99 Class TA	3.500	%	03/25/2036	407,293		434,130
9.3% - Total United States Government Agency Obligations - Mortgage Backed Securities					$	22,647,624
Taxable Municipal Bonds
Kansas Development Finance Authority Revenue	4.091	%	04/15/2027	3,000,000		3,406,801
Kentucky Asset Liability Commission Revenue	5.339	%	04/01/2022	55,000		56,298
Pennsylvania State University	1.893	%	09/01/2026	2,000,000		2,068,373
2.3% - Total Taxable Municipal Bonds					$	5,531,472
Total Fixed Income Securities	98.7	%			$	239,939,766
(Identified Cost $235,888,806)

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Intermediate Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

				Shares
Preferred Stocks
Allstate Corp.	5.100	%	01/15/2053		59,890		1,591,277
Total Preferred Stocks	0.7	%				$	1,591,277
(Identified Cost $1,446,031)
Cash Equivalents
First American Government Obligation Fund, Class Z**					1,263,282		1,263,282
Total Cash Equivalents	0.5	%				$	1,263,282
(Identified Cost $1,263,282)
Total Portfolio Value	99.9	%				$	242,794,325
(Identified Cost $238,598,119)
Other Assets in Excess of Liabilities	0.3	%				$	677,262
Total Net Assets	100.2	%				$	243,471,587

* Variable Rate Security; the rate shown is as of September 30, 2021.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ARM - Adjustable Rate Mortgage

FHLB - Federal Home Loan Bank

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

The accompanying notes are an integral part of these financial statements. 

Johnson Institutional Core Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Fixed Income Securities	Rate			Maturity		Face Value		Fair Value
Corporate Bonds:
American Express Co.		3.000	%		10/30/2024		9,135,000	$	9,749,175
AON Corp.		3.500	%		06/14/2024		1,650,000		1,761,204
AON Corp.		3.750	%		05/02/2029		4,390,000		4,882,278
AON Corp.		3.875	%		12/15/2025		1,850,000		2,041,568
AON Corp.		4.000	%		11/27/2023		1,000,000		1,063,943
Bank of America Corp.		3.248	%		10/21/2027		12,340,000		13,318,090
BB&T Corp.		3.750	%		12/06/2023		1,300,000		1,388,357
BB&T Corp.		3.875	%		03/19/2029		5,160,000		5,821,074
Fifth Third Bancorp		2.375	%		01/28/2025		4,913,000		5,107,520
Essex Portfolio LP		3.000	%		01/15/2030		9,165,000		9,631,447
Fifth Third Bancorp		4.300	%		01/16/2024		4,500,000		4,836,943
Georgia Power		2.650	%		09/15/2029		10,000,000		10,414,239
Huntington Bancshares		2.550	%		02/04/2030		5,000,000		5,164,368
Huntington Bancshares		2.625	%		08/06/2024		5,230,000		5,484,833
JP Morgan Chase & Co.		3.300	%		04/01/2026		4,280,000		4,638,622
JP Morgan Chase & Co.		3.875	%		09/10/2024		6,670,000		7,250,536
JP Morgan Chase & Co.		4.493	%		03/24/2031		2,000,000		2,331,431
Keycorp		2.550	%		10/01/2029		3,325,000		3,457,111
Keycorp		4.100	%		04/30/2028		3,740,000		4,271,233
MUFG Americas Holding		3.000	%		02/10/2025		1,720,000		1,824,380
Marsh & McLennan Co. Inc.		4.375	%		03/15/2029		7,500,000		8,701,019
Morgan Stanley		3.700	%		10/23/2024		6,500,000		7,049,547
Morgan Stanley		4.000	%		07/23/2025		5,200,000		5,726,840
MUFG Americas Holdings Corp.		3.500	%		06/18/2022		2,650,000		2,709,403
PNC Bank		3.450	%		04/23/2029		11,850,000		13,118,482
Suntrust Bank Inc.		4.000	%		05/01/2025		3,300,000		3,628,722
Truist Bank		2.250	%		03/11/2030		3,000,000		3,029,070
US Bancorp		3.100	%		04/27/2026		4,500,000		4,855,944
US Bancorp		3.000	%		07/30/2029		6,815,000		7,314,550
Wells Fargo & Co.		4.100	%		06/03/2026		7,530,000		8,381,742
Wells Fargo & Co.		4.300	%		07/22/2027		4,599,000		5,220,365
26.4% - Total Finance								$	174,174,036
CVS Health Corp.		4.300	%		03/25/2028		9,000,000		10,236,268
Coca-Cola Corp.		3.450	%		03/25/2030		5,230,000		5,845,192
Dover Corp.		2.950	%		11/04/2029		4,500,000		4,785,924
Dover Corp.		3.150	%		11/15/2025		1,500,000		1,604,638
Eaton Corp.		2.750	%		11/02/2022		1,945,000		1,995,133
Eaton Corp.		3.103	%		09/15/2027		3,721,000		4,030,388
Emerson Electric Inc.		1.950	%		10/15/2030		5,160,000		5,154,400
Home Depot Inc.		2.500	%		04/15/2027		1,515,000		1,607,075
Johnson Controls International PLC		3.625	%		07/02/2024		1,225,000		1,306,937
Johnson Controls International PLC		3.900	%		02/14/2026		1,000,000		1,100,239
Kroger Co.		2.200	%		05/01/2030		1,000,000		1,003,642
Kroger Co.		3.500	%		02/01/2026		3,300,000		3,610,392
Kroger Co.		4.000	%		02/01/2024		150,000		160,297
Lowes Cos. Inc.		4.500	%		04/15/2030		9,685,000		11,342,068
McDonald's Corp.		3.600	%		07/01/2030		5,955,000		6,616,440
McDonald's Corp.		2.125	%		03/01/2030		3,545,000		3,574,344
Nike Inc.		3.250	%		03/27/2040		2,850,000		3,112,953
Starbucks Corp.		2.250	%		03/12/2030		10,500,000		10,573,516
Starbucks Corp.		3.550	%		08/15/2029		2,000,000		2,213,632
Union Pacific Corp.		3.500	%		06/08/2023		800,000		839,698
Union Pacific Corp.		3.950	%		09/10/2028		2,801,000		3,171,720
Verizon Communication Inc.		4.016	%		12/03/2029		9,821,000		11,114,161
Verizon Communication Inc.		4.329	%		09/21/2028		1,675,000		1,923,831
Walt Disney Corp.		3.800	%		03/22/2030		11,455,000		13,014,464
16.7% - Total Industrial								$	109,937,352.0
Berkshire Hathaway Energy Co.		3.250	%		04/15/2028		1,936,000		2,110,209
Berkshire Hathaway Energy Co.		3.750	%		11/15/2023		4,166,000		4,427,969
Duke Energy Corp.		2.450	%		06/01/2030		4,000,000		4,036,200

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Core Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Duke Energy Corp.	2.650	%	09/01/2026	6,350,000		6,695,752
Enterprise Products	4.150	%	10/16/2028	9,500,000		10,807,100
Eversource Energy	3.300	%	01/15/2028	2,500,000		2,704,147
Eversource Energy	4.250	%	04/01/2029	6,924,000		7,906,799
Interstate Power & Light Co.	2.300	%	06/01/2030	1,490,000		1,494,381
Interstate Power & Light Co.	3.400	%	08/15/2025	1,525,000		1,632,488
Interstate Power & Light Co.	4.100	%	09/26/2028	7,605,000		8,645,548
National Rural Utilities Corp.	2.950	%	02/07/2024	1,000,000		1,051,047
National Rural Utilities Corp.	3.050	%	02/15/2022	100,000		100,295
National Rural Utilities Corp.	3.700	%	03/15/2029	3,900,000		4,342,879
Virginia Electric & Power Co.	2.950	%	11/15/2026	3,000,000		3,218,018
Virginia Electric & Power Co.	3.100	%	05/15/2025	2,732,000		2,902,326
Virginia Electric & Power Co.	3.500	%	03/15/2027	2,932,000		3,233,985
Xcel Energy Inc.	3.400	%	06/01/2030	4,500,000		4,899,228
Xcel Energy Inc.	4.000	%	06/15/2028	7,500,000		8,412,384
11.9% - Total Utilities					$	78,620,755
55.0% Total Corporate Bonds					$	362,732,143
Certificates of Deposit
Goldmans Sachs	3.400	%	10/17/2023	250,000		265,396
0.0% - Total For Certificates of Deposit						265,396
United States Government Treasury Obligations
Treasury Bond	2.000	%	02/15/2050	21,050,000		20,621,600
Treasury Bond	2.250	%	08/15/2046	16,000,000		16,481,875
Treasury Bond	2.750	%	08/15/2047	24,800,000		28,079,219
Treasury Note	0.265	%	12/31/2027	8,000,000		7,712,188
Treasury Note	2.000	%	02/15/2025	10,000,000		10,457,422
Treasury Note	2.000	%	11/15/2026	9,000,000		9,438,398
Treasury Note	1.500	%	11/30/2024	24,000,000		24,696,563
Treasury Note	2.500	%	05/15/2046	11,800,000		12,738,930
Treasury Note	2.750	%	02/15/2028	25,000,000		27,333,008
23.9% - Total United States Government Treasury Obligations					$	157,559,203
United States Government Agency Obligations
FHLB	3.250	%	11/16/2028	4,250,000		4,788,760
0.7% - Total United States Government Agency Obligations						4,788,760
United States Government Agency Obligations  - Mortgage Backed Securities
FHLMC 10/1 Hybrid ARM (12 month LIBOR + 1.860%)*	3.272	%	04/01/2042	74,705		77,457
FHLMC Pool G01880	5.000	%	08/01/2035	43,610		49,364
FHLMC Pool G06616	4.500	%	12/01/2035	95,964		106,674
FHLMC Pool G08068	5.500	%	07/01/2035	244,493		284,327
FHLMC Pool G09921	4.000	%	07/01/2024	65,582		69,472
FHLMC Pool G15897	2.500	%	09/01/2031	7,670,066		8,079,239
FHLMC Pool G18642	3.500	%	04/01/2032	1,268,818		1,359,973
FHLMC Pool G18667	3.500	%	11/01/2032	990,779		1,062,234
FHLMC Pool G30933	4.000	%	01/01/2036	5,938,428		6,489,316
FHLMC Pool G31087	4.000	%	07/01/2038	1,078,754		1,177,243
FHLMC Pool V61479	2.500	%	01/01/2032	3,950,675		4,150,174
FHLMC Pool SC0047	3.000	%	01/01/2040	13,571,991		14,551,870
FHLMC Pool ZK6713	3.000	%	06/01/2029	4,647,009		4,939,488
FHLMC Pool ZT1964	3.500	%	06/01/2032	5,346,185		5,754,448
FHLMC Series 2985 Class GE	5.500	%	06/15/2025	35,372		37,634
FHLMC Series 3946 Class LN	3.500	%	04/15/2041	336,377		355,566
FHLMC Series 4017 Class MA	3.000	%	03/15/2041	3,879		3,878
FHLMC Series 4087 Class PT	3.000	%	07/15/2042	530,213		563,468
FHLMC Series 4151 Class PA	2.000	%	01/15/2033	2,573,662		2,665,990
FHLMC Series 4161 Class QA	3.000	%	02/15/2043	136,361		145,043
FHLMC Series 4582 Class PA	3.000	%	11/15/2045	750,199		783,946
FHLMC Series 4689 Class DA	3.000	%	07/15/2044	697,618		715,150
FHLMC Series 4709 Class EA	3.000	%	01/15/2046	946,005		979,685
FHLMC Series 4808 Class PK	3.500	%	10/15/2045	168,405		170,725
FHLMC Series 4887 Class A	3.250	%	09/15/2038	931,786		997,703
FNMA 10/1 Hybrid ARM (12 month LIBOR + 1.780%)*	3.314	%	12/01/2041	94,873		100,069
FNMA Pool 1107	3.500	%	07/01/2032	444,470		476,270

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Core Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

FNMA Pool 889050	6.000	%	05/01/2037		177,610		203,768
FNMA Pool 995112	5.500	%	07/01/2036		95,438		110,638
FNMA Pool AA4392	4.000	%	04/01/2039		116,836		128,568
FNMA Pool AL6923	3.000	%	05/01/2030		3,177,126		3,374,742
FNMA Pool AL7077	4.000	%	07/01/2035		2,812,700		3,104,748
FNMA Pool AL9309	3.500	%	10/01/2031		466,450		500,220
FNMA Pool AN8842	3.320	%	04/01/2028		3,000,000		3,276,982
FNMA Pool AN9848	3.740	%	07/01/2028		2,500,000		2,728,755
FNMA Pool BL0189	3.830	%	10/01/2028		2,000,000		2,195,710
FNMA Pool FM5050	2.500	%	02/01/2035		2,015,943		2,101,007
FNMA Pool BL2935	3.150	%	06/01/2029		3,000,000		3,311,490
FNMA Pool FM3388	4.000	%	03/01/2034		1,985,673		2,102,224
FNMA Pool FM5394	3.000	%	03/01/2034		8,321,428		8,802,920
FNMA Pool MA0384	5.000	%	04/01/2030		98,317		109,057
FNMA Pool MA2773	3.000	%	10/01/2036		1,813,085		1,923,167
FNMA Pool MA3337	4.000	%	04/01/2038		724,736		781,909
FNMA Series 2003-79 Class NJ	5.000	%	08/25/2023		36,782		37,854
FNMA Series 2005-64 Class PL	5.500	%	07/25/2035		45,207		50,827
FNMA Series 2011-53 Class DT	4.500	%	06/25/2041		148,285		164,693
FNMA Series 2012-12 Class KD	2.000	%	11/25/2042		949,092		967,056
FNMA Series 2013-21 Class VA	3.000	%	07/25/2028		338,668		339,263
FNMA Series 2013-83 Class MH	4.000	%	08/25/2043		186,935		201,016
FNMA Series 2014-20 Class AC	3.000	%	08/25/2036		230,494		238,073
FNMA Series 2014-28 Class PA	3.500	%	02/25/2043		162,753		172,512
FNMA Series 2015-72 Class GB	2.500	%	12/25/2042		701,100		718,703
FNMA Series 2016-39 Class LA	2.500	%	03/25/2045		1,779,129		1,852,387
FNMA Series 2016-79 Class L	2.500	%	10/25/2044		1,097,565		1,135,077
FNMA Series 2016-99 Class TA	3.500	%	03/25/2036		344,633		367,341
FNMA Series 2017-30 Class G	3.000	%	07/25/2040		497,674		502,899
FNMA Series 2018-67 Class BA	4.500	%	03/25/2046		837,805		883,062
FNMA Series 2019-60 Class DA	2.500	%	03/25/2049		2,691,128		2,802,175
GNMA GNR 21-175	2.000	%	10/20/2051		9,215,000		9,418,018
FNMA Series 2020-95 Class GA	1.000	%	01/25/2051		7,475,830		7,323,814
18.0% - Total United States Government Agency Obligations - Mortgage Backed Securities						$	118,077,081
Taxable Municipal Bonds
Cincinnati Children's Hospital Medical Center	2.853	%	11/15/2026		750,000		789,767
Kansas Development Finance Authority Revenue	3.741	%	04/15/2025		3,705,000		4,059,907
Kansas Development Finance Authority Revenue	4.091	%	04/15/2027		125,000		141,950
Kentucky Asset Liability Commission Revenue	5.339	%	04/01/2022		55,000		56,298
Kentucky Property and Buildings Commission Revenue	5.373	%	11/01/2025		590,000		650,258
Ohio Higher Education Facilities - Cleveland Clinic Health Systems	3.849	%	01/01/2022		945,000		953,090
Ohio University General Receipts	1.766	%	12/01/2026		2,000,000		2,046,921
1.4% - Total Taxable Municipal Bonds						$	8,698,191
Total Fixed Income Securities			99.0	%		$	652,120,774
(Identified Cost $646,682,770)
					Shares
Preferred Stocks
Allstate Corp.	5.100	%	01/15/2053		83,000		2,205,310
Total Preferred Stocks			0.3	%		$	2,205,310
(Identified Cost $2,034,817)
Cash Equivalents
First American Government Obligation Fund, Class Z**					10,561,761		10,561,760
Total Cash Equivalents			1.6	%		$	10,561,760
(Identified Cost  $10,561,760)
Total Portfolio Value			100.9	%		$	664,887,844
(Identified Cost  $659,279,347)
Liabilities in Excess of Other Assets			-0.9	%		$	(5,647,450	)
Total Net Assets			100.0	%		$	659,240,394

The accompanying notes are an integral part of these financial statements.

Johnson Institutional Core Bond Fund Portfolio of Investments as of September 30, 2021 - Unaudited

* Variable Rate Security; the rate shown is as of September 30, 2021.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

ARM - Adjustable Rate Mortgage

FHLB - Federal Home Loan Bank

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

GNMA - Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

Johnson Enhanced Return Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Fixed Income Securities	Rate			Maturity		Face Value		Fair Value
Corporate Bonds
ACE INA Holdings		3.350	%		05/15/2024		5,619,000		6,011,489
American Express Credit		2.500	%		08/01/2022		1,700,000		1,729,473
American Express Credit		2.500	%		07/30/2024		2,607,000		2,740,011
AON Corp.		3.500	%		06/14/2024		660,000		704,482
AON Corp.		3.875	%		12/15/2025		3,774,000		4,164,798
Bank of America		3.875	%		08/01/2025		5,499,000		6,058,044
Branch Banking Trust		3.625	%		09/16/2025		3,000,000		3,274,718
BB&T Corp.		3.750	%		12/06/2023		2,725,000		2,910,211
Essex Portfolio LP		3.500	%		04/01/2025		1,720,000		1,851,177
Essex Portfolio LP		3.875	%		05/01/2024		1,300,000		1,390,284
Fifth Third Bancorp		3.500	%		03/15/2022		865,000		875,396
Fifth Third Bancorp		4.300	%		01/16/2024		3,239,000		3,481,524
Goldman Sachs		5.750	%		01/24/2022		4,720,000		4,799,919
Huntington Bancshares		2.300	%		01/14/2022		970,000		974,021
Huntington Bancshares		2.625	%		08/06/2024		3,765,000		3,948,450
JP Morgan Chase & Co.		3.875	%		09/10/2024		4,354,000		4,732,958
Key Bank Corp.		2.500	%		11/22/2021		1,723,000		1,728,440
Morgan Stanley		3.700	%		10/23/2024		1,200,000		1,301,455
Morgan Stanley		4.000	%		07/23/2025		3,200,000		3,524,209
National Retail Properties		4.000	%		11/15/2025		2,020,000		2,233,343
PNC Financial Services		2.950	%		01/30/2023		750,000		773,890
PNC Financial Services		3.800	%		07/25/2023		1,998,000		2,111,294
US Bancorp		2.400	%		07/30/2024		4,100,000		4,294,580
US Bancorp		3.600	%		09/11/2024		1,685,000		1,825,147
MUFG Americas Holding Corp.		3.000	%		02/10/2025		5,635,000		5,976,966
Marsh & McLennan Co. Inc.		3.500	%		06/03/2024		4,010,000		4,278,269
Marsh & McLennan Co. Inc.		3.500	%		03/10/2025		765,000		822,606
Wells Fargo & Co.		3.450	%		02/13/2023		3,815,000		3,970,160
Wells Fargo & Co.		3.550	%		09/29/2025		830,000		903,878
27.0% - Total Finance								$	83,391,192
Burlington Northern Santa Fe		3.050	%		03/15/2022		1,700,000		1,709,490
Chevron Corp. (3 month LIBOR + 0.530)*		0.659	%		03/03/2022		2,100,000		2,104,245
CVS Health Corp.		3.700	%		03/09/2023		1,335,000		1,393,982
CVS Health Corp.		3.875	%		07/20/2025		2,570,000		2,812,737
Dover Corp.		3.150	%		11/15/2025		4,515,000		4,829,962
Eaton Corp.		2.750	%		11/02/2022		4,000,000		4,103,100
Johnson Controls International PLC		3.625	%		07/02/2024		4,252,000		4,536,404
Kroger Co.		3.400	%		04/15/2022		1,000,000		1,008,846
Kroger Co.		4.000	%		02/01/2024		3,485,000		3,724,223
McDonald's Corp.		2.625	%		01/15/2022		2,300,000		2,316,307
Microsoft Corp.		3.125	%		11/03/2025		1,440,000		1,561,265
Norfolk Southern Corp.		3.650	%		08/01/2025		3,300,000		3,585,636
Norfolk Southern Corp.		5.590	%		05/17/2025		1,000,000		1,150,874
Shell International		3.250	%		05/11/2025		5,835,000		6,300,882
Union Pacific Corp.		3.150	%		03/01/2024		2,800,000		2,965,200
Walt Disney Corp.		1.750	%		08/30/2024		1,125,000		1,159,704
Walt Disney Corp.		1.750	%		01/13/2026		3,429,000		3,516,826
15.8% - Total Industrials								$	48,779,683
Berkshire Hathaway Energy Company		3.750	%		11/15/2023		5,857,000		6,225,304
Duke Energy Corp.		3.750	%		04/15/2024		4,260,000		4,544,877
Duke Energy Corp.		3.800	%		09/01/2023		890,000		938,032
Enterprise Products		3.350	%		03/15/2023		4,207,000		4,357,337
Enterprise Products		3.750	%		02/15/2025		500,000		542,269
Eversource Energy		2.750	%		03/15/2022		3,938,000		3,973,114

The accompanying notes are an integral part of these financial statements.

Johnson Enhanced Return Fund Portfolio of Investments as of September 30, 2021 - Unaudited

Eversource Energy	2.800	%	05/01/2023	850,000		876,318
Georgia Power Co.	2.100	%	07/30/2023	1,700,000		1,750,194
Georgia Power Co.	2.850	%	05/15/2022	2,800,000		2,844,240
Interstate Power & Light Co.	3.250	%	12/01/2024	1,910,000		2,039,590
Interstate Power & Light Co.	3.400	%	08/15/2025	2,595,000		2,777,906
Virginia Electric & Power Co.	2.750	%	03/15/2023	2,610,000		2,684,831
Virginia Electric & Power Co.	2.950	%	01/15/2022	2,390,000		2,392,938
Xcel Energy Inc.	3.300	%	06/01/2025	4,310,000		4,598,295
13.1% - Total Utilities					$	40,545,245
55.9% Total Corporate Bonds					$	172,716,120
United States Government Treasury Obligations
Treasury Note (a)	0.125	%	04/30/2022	9,250,000		9,252,891
Treasury Note	0.250	%	10/31/2025	3,175,000		3,101,206
Treasury Note (Tbill 13week auction high + 0.055%)* (a)	0.090	%	10/31/2022	2,000,000		2,000,890
Treasury Note	0.250	%	06/30/2025	4,510,000		4,428,432
Treasury Note (a)	1.500	%	01/15/2023	6,600,000		6,714,984
Treasury Note (a)	1.500	%	02/28/2023	5,085,000		5,180,344
Treasury Note	2.000	%	02/15/2025	4,500,000		4,705,840
Treasury Note	2.000	%	06/30/2024	7,670,000		7,989,683
Treasury Note	2.000	%	08/15/2025	5,045,000		5,281,090
15.8% - Total United States Government Treasury Obligations						48,655,360
United States Government Agency Obligations
FHLB	1.375	%	08/26/2026	4,100,000		4,130,305
FHLB	1.375	%	09/29/2026	1,600,000		1,614,043
FHLMC	0.375	%	09/23/2025	5,945,000		5,846,033
FHLMC	0.450	%	07/22/2024	4,000,000		3,998,465
FHLMC	0.500	%	06/03/2024	1,140,000		1,139,998
FNMA	0.375	%	08/25/2025	9,195,000		9,050,744
FNMA	0.500	%	06/17/2025	9,210,000		9,138,591
11.3% - Total United States Government Agency Obligations						34,918,179
United States Government Agency Obligations  - Mortgage Backed Securities
FHLMC Pool G16330	3.500	%	08/01/2032	1,298,113		1,392,284
FHLMC Pool G18642	3.500	%	04/01/2032	1,184,231		1,269,308
FHLMC Pool J12635	4.000	%	07/01/2025	41,547		44,051
FHLMC Pool J32364	2.500	%	11/01/2028	1,412,089		1,478,119
FHLMC Pool ZS7207	3.500	%	07/01/2030	1,254,969		1,350,397
FHLMC Pool ZT1964	3.500	%	06/01/2032	2,570,281		2,766,561
FHLMC Series 4009 Class PA	2.000	%	06/15/2041	435,400		446,729
FHLMC Series 4198 Class BE	2.000	%	10/15/2040	1,213,824		1,224,208
FHLMC Series 4271 Class CE	2.000	%	08/15/2036	420,742		425,782
FHLMC Series 4287 Class AB	2.000	%	12/15/2026	377,149		391,169
FHLMC Series 4440 Class VC	2.500	%	08/15/2026	560,711		561,451
FHLMC Series 5092 Class XC	1.500	%	01/15/2041	2,633,014		2,663,797
FHLMC Series 4050 Class BG	1.000	%	01/15/2041	1,299,624		1,306,168
FNMA 10/1 Hybrid ARM (12 month LIBOR + 1.780%)*	3.314	%	12/01/2041	94,873		100,069
FNMA Pool 1106	3.000	%	07/01/2032	2,857,208		3,048,460
FNMA Pool 833200	5.500	%	09/01/2035	358,460		416,565
FNMA Pool AL9230	3.500	%	12/01/2029	1,255,707		1,348,507
FNMA Pool AL7077	4.000	%	07/01/2035	1,414,341		1,561,195
FNMA Pool AT2060	2.500	%	04/01/2028	1,482,702		1,555,374
FNMA Pool FM1536	2.500	%	11/01/2030	602,281		628,898
FNMA Pool FM1973	4.000	%	09/01/2036	2,443,517		2,675,781
FNMA Pool FM2287	4.500	%	03/01/2034	1,145,939		1,241,814
FNMA Pool FM2989	3.000	%	09/01/2034	1,499,703		1,590,026
FNMA Pool FM7224	4.500	%	11/01/2038	1,337,237		1,458,751
FNMA Series 2013-3 Class DK	1.750	%	02/25/2033	747,871		769,785
FNMA Series 2013-6 Class BC	1.500	%	12/25/2042	201,771		205,440

The accompanying notes are an integral part of these financial statements.

Johnson Enhanced Return Fund Portfolio of Investments as of September 30, 2021 - Unaudited

FNMA Series 2015-28 Class P	2.500	%	05/25/2045	3,352,111		3,511,573
FNMA Series 2017-30 Class G	3.000	%	07/25/2040	284,385		287,371
FNMA Series 2020-44 Class TE	2.000	%	12/25/2035	3,422,125		3,546,061
FNMA Series 2020-95 Class GA	1.000	%	01/25/2051	2,586,233		2,533,644
GNMA Pool 726475	4.000	%	11/15/2024	46,620		49,316
GNMA Pool 728920	4.000	%	12/15/2024	68,556		72,522
13.6% - Total United States Government Agency Obligations - Mortgage Backed Securities					$	41,921,176
Taxable Municipal Bonds
Allegheny County Pennsylvania GO	0.694	%	11/01/2023	2,200,000		2,212,652
Franklin County Ohio Convention Facilities	1.155	%	12/01/2024	550,000		556,013
Kansas Development Finance Authority Revenue	3.227	%	04/15/2022	1,700,000		1,727,109
Kent State University Revenue	1.875	%	05/01/2023	1,000,000		1,022,231
Kentucky Asset Liability Commission Revenue	5.339	%	04/01/2022	110,000		112,596
Lucas County Ohio GO	1.000	%	10/15/2021	3,435,000		3,435,859
Pittsburgh Pennsylvania GO 2020B	0.507	%	09/01/2022	500,000		500,895
University of Cincinnati General Receipts	1.878	%	06/01/2023	1,200,000		1,231,791
3.5% Total Taxable Municipal Bonds					$	10,799,146
Total Fixed Income Securities	100.1	%			$	309,009,981
(Identified Cost  $308,256,674)

			Shares
Cash & Cash Equivalents
First American Government Obligation Fund, Class Z**			2,825,940		2,825,939
Total Cash Equivalents	0.9	%		$	2,825,939
(Identified Cost  $2,825,939)
Total Portfolio Value	101.0	%		$	311,835,920
(Identified Cost  $311,082,613)
Liabilities in Excess of Other Assets	-1.0	%		$	(3,049,301	)
Total Net Assets:	100.0	%		$	308,786,619

Futures Contracts	Long Contracts		Notional Value at Purchase		Notional Value 9/30/2021		Unrealized Appreciation (Depreciation)
E-mini Standard & Poor's 500 (50 units per contract) expiring December 2021		1,429		319,026,557		307,074,238		(11,952,319	)
			$	319,026,557	$	307,074,238	$	(11,952,319	)

* Variable Rate Security; the rate shown is as of September 30, 2021.

** Variable Rate Security; as of September 30, 2021, the 7 day annualized yield was 0.02%.

(a) All or a portion of this security is held as collateral for futures contracts.

ARM - Adjustable Rate Mortgage

FHLB - Federal Home Loan Bank

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

GNMA - Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

The Funds utilize various methods to measure the fair value of most of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

· Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.

· Level 2—Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

· Level 3—Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Company's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Fair Value Measurements:

A description of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value on a recurring basis follows.

Equity Securities (Common Stock, Preferred Stock and Real Estate Investment Trusts). Securities traded on a national securities exchange (or reported on the NASDAQ national market) are stated at the last reported sales price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts (ADRs), financial futures, Exchange Traded Funds (ETFs), and the movement of the certain indexes of securities based on a statistical analysis of the historical relationship, and are categorized in Level 2. Preferred stock and other equities traded on inactive markets or valued by reference to similar instruments are also categorized in Level 2.

Corporate Bonds. The fair value of corporate bonds is estimated using market approach valuation techniques, which may consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate bonds are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

Municipal Bonds. Municipal Bonds are normally valued using market approach valuation techniques that incorporate observable market data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using dealer quotations. Municipal Bonds are categorized in Level 1 or Level 2 of the fair value hierarchy, depending on the inputs used and market activity levels for specific securities.

Short Term Notes. Short-term notes are valued using amortized cost, which approximates fair value. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy.

U.S. Government Securities. U.S. government securities are normally valued using market approach valuation techniques that incorporate observable market data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using dealer quotations. U.S. government securities are categorized in Level 1 or Level 2 of the fair value hierarchy, depending on the inputs used and market activity levels for specific securities.

U.S. Agency Securities. U.S. agency securities are comprised of two main categories consisting of agency issued debt and mortgage-backed securities. Agency issued debt securities are generally valued in a manner similar to U.S. government securities. Mortgage-backed securities are generally valued using dealer quotations. Depending on market activity levels and whether quotations or other data are used, these securities are typically categorized in Level 1 or Level 2 of the fair value hierarchy.

Money Market. Investments in mutual funds, including money market mutual funds, are generally priced at the ending net asset value (“NAV”) provided by the service agent of the funds. These securities will be categorized as Level 1 securities.

Derivative Instruments. Listed derivatives, including futures contracts that are actively traded, are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value each Fund’s net assets as of September 30, 2021:

Equity Income Fund	Level 1		Level 2		Level 3		Total
Common Stocks*	$	547,233,843	$	---	$	---	$	547,233,843
Cash Equivalents		3,073,395		---		---		3,073,395
Total	$	550,307,238	$	--	$	--	$	550,307,238
Opportunity Fund		Level 1		Level 2		Level 3		Total
Common Stocks*	$	114,537,431	$	---	$	---	$	114,537,431
Cash Equivalents		1,462,239		---		---		1,462,239
Total	$	115,999,670	$	---	$	---	$	115,999,670
International Fund		Level 1		Level 2		Level 3		Total
Common Stocks*	$	23,099,870	$	---	$	---	$	23,099,870
Cash Equivalents		121,826		---		---		121,826
Total	$	23,282,565	$	---	$	---	$	23,282,565
Fixed Income Fund		Level 1		Level 2		Level 3		Total
Corporate Bonds*	$	---	$	572,355,942	$	---	$	572,355,942
Certificates of Deposit		---		265,396		---		265,396
U.S. Government Treasury Obligations		---		211,985,836		---		211,985,836
U.S. Government Agency Obligations		---		24,507,184		---		24,507,184
U.S. Government Agency Obligations - Mortgage Backed		---		180,622,790		---		180,622,790
Taxable Municipal Bonds		---		27,293,929		---		27,293,929
Preferred Stocks		7,040,944		---		---		7,040,944
Cash Equivalents		18,708,419		---		---		18,708,419
Total	$	25,749,363	$	1,017,031,077	$	0	$	1,042,780,440

Municipal Income Fund	Level 1		Level 2		Level 3		Total
Municipal Bonds*	$	---	$	263,276,685	$	---	$	263,276,685
Cash Equivalents		2,148,134		---		---		2,148,134
Total	$	2,148,134	$	263,276,685	$	0	$	265,424,819
Short Duration Bond Fund		Level 1		Level 2		Level 3		Totals
Corporate Bonds*	$	---	$	182,250,146	$	---	$	182,250,146
Certificates of Deposit		---		265,396		---		265,396
U.S. Treasury Obligations		---		40,704,236		---		40,704,236
U.S. Agency Obligations		---		38,276,041		---		38,276,041
U.S. Agency Obligations – Mortgage-Backed		---		40,730,302		---		40,730,302
Taxable Municipal Bonds		---		15,662,528		---		15,662,528
Cash Equivalents		2,805,338		---		---		2,805,338
Total	$	2,805,338	$	317,888,649	$	0	$	320,693,987
Intermediate Bond Fund		Level 1		Level 2		Level 3		Totals
Corporate Bonds*	$	---	$	129,312,859		---	$	129,312,859
Certificates of Deposit		---		265,396		---		265,396
U.S. Treasury Obligations		---		78,550,939		---		78,550,939
U.S. Agency Obligations		---		3,631,476		---		3,631,476
U.S. Agency Obligations – Mortgage-Backed		---		22,647,624		---		22,647,624
Taxable Municipal Bonds		---		5,531,472		---		5,531,472
Preferred Stocks		1,591,277		---		---		1,591,277
Cash Equivalents		1,263,282		---		---		1,263,282
Total	$	2,854,559	$	239,939,766	$	0	$	242,794,325
Core Bond Fund		Level 1		Level 2		Level 3		Totals
Corporate Bonds*	$	---	$	362,732,143	$	---	$	362,732,143
Certificates of Deposit		---		265,396		---		265,396
U.S. Treasury Obligations		---		157,559,203		---		157,559,203
U.S. Agency Obligations		---		4,788,760		---		4,788,760
U.S. Agency Obligations – Mortgage-Backed		---		118,077,081		---		118,077,081
Taxable Municipal Bonds		---		8,698,191		---		8,698,191
Preferred Stocks		2,205,310		---		---		2,205,310
Cash Equivalents		10,561,760		---		---		10,561,760
Total	$	12,767,070	$	652,120,774	$	0	$	664,887,844
Enhanced Return Fund		Level 1		Level 2		Level 3		Totals
Corporate Bonds*	$	---	$	172,716,120	$	---	$	172,716,120
U.S. Treasury Obligations		---		48,655,360		---		48,655,360

U.S. Agency Obligations		---			34,918,179		---		34,918,179
U.S. Agency Obligations – Mortgage-Backed		---			41,921,176		---		41,921,176
Taxable Municipal Bonds		---			20,799,146		---		20,799,146
Cash Equivalents		2,825,939			---		---		2,825,939
Sub-Total		2,825,939		$	309,009,981	$	0	$	311,835,920
Other Financial Instruments**		(11,952,319	)		---		---		(11,952,319	)
Total	$	(9126,380	)	$	309,009,981	$	0	$	299,883,601

* See Schedule of Investments for industry classification.

**Other financial instruments are futures contracts not reflected in the Portfolio of Investments, which are valued at the unrealized appreciation on the contracts.

The Funds did not hold any investments at any time during the reporting period in which unobservable inputs were used in determining fair value. Therefore, no reconciliation of Level 3 securities is included for this reporting period.

Financial Futures Contracts:

The Johnson Enhanced Return Fund invests in stock index futures (equity risk) only for the replication of returns, not speculation. The Enhanced Return Fund enters into S&P 500 Mini contracts four times a year generally near the time the contracts would expire (contracts expire the third Friday of March, June, September and December). The contracts are generally held until it is time to roll into the next contracts. The average daily notional value for the 9 months ended September 30, 2021 was $293,319,225. Upon entering into a financial futures contract, the Fund is required to pledge to the broker an amount of cash, U.S. government securities, or other assets, equal to a certain percentage of the contract amount (initial margin deposit). Subsequent payments, known as “variation margin,” are made or received by the Fund each day, depending on the daily fluctuations in the fair value of the underlying security. The Fund recognizes an unrealized gain or loss equal to the daily variation margin. The amount of the daily variation margin is reflected as an asset or liability within the Statement of Assets and Liabilities, while the cumulative change in unrealized gain/loss on futures contracts is reported separately within the Statement of Operations. Should market conditions move unexpectedly, the Fund may not achieve the anticipated benefits of the financial futures contracts and may realize a loss at the contract settlement date. A realized gain or loss is recognized when a contract is sold, and is the difference between the fair value of the contract at purchase and the fair value of the contract when sold. Realized gains/losses on futures contracts are reported separately within the Statement of Operations. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates, and the underlying hedged assets.

Net variation margin receivable from the Broker on futures contracts as of September 30, 2021 was $446,563.

Tax Cost of Securities

As of September 30, 2021, the composition of unrealized appreciation (the excess of fair value over tax cost) and depreciation (the excess of tax cost over fair value) was as follows:

Fund	Cost of Securities		Appreciation		Depreciation			Net Appreciation
Johnson Equity Income Fund	$	380,734,589	$	176,727,065	$	(7,154,416	)	$	169,572,649
Johnson Opportunity Fund		88,102,141		30,510,172		(2,612,643	)		27,897,529
Johnson International Fund		17,016,483		7,898,258		(1,632,177	)		6,266,081
Johnson Fixed Income Fund		1,008,138,257		42,136,762		(7,494,560	)		34,642,182
Johnson Municipal Income Fund		255,908,200		10,195,739		(679,120	)		9,516,619
Johnson Institutional Short Duration Bond Fund		319,538,277		2,310,442		(1,154,732	)		1,155,710
Johnson Institutional Intermediate Bond Fund		238,598,119		5,748,829		(1,552,623	)		4,196,206
Johnson Institutional Core Bond Fund		659,279,347		13,976,167		(8,367,671	)		5,608,496
Johnson Enhanced Return Fund		311,082,613		1,867,292		(1,113,985	)		753,307