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Trending ETFs

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.20

$1.82 B

0.00%

0.90%

Vitals

YTD Return

-3.0%

1 yr return

-1.5%

3 Yr Avg Return

-4.0%

5 Yr Avg Return

-0.7%

Net Assets

$1.82 B

Holdings in Top 10

22.9%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.20

$1.82 B

0.00%

0.90%

OGGPX - Profile

Distributions

  • YTD Total Return -3.0%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Government Bond Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Sep 12, 2016
  • Shares Outstanding
    2605449
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Sais

Fund Description

The Fund principally invests in securities issued by the U.S. government and its agencies and instrumentalities and related to securities issued by the U.S. government and its agencies and instrumentalities. The Fund may also invest in securities which are guaranteed by the U.S. government and its agencies and instrumentalities so long as such securities are backed by the full faith and credit of the United States.The Fund mainly invests in government bonds with intermediate to long remaining maturities. These include U.S. mortgage-backed securities, including those issued or guaranteed by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non-agency), mortgage pass-though securities, and stripped mortgage-backed securities. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest. The Fund may invest a significant portion or all of its assets in mortgage-backed securities in the adviser’s discretion.Under normal circumstances, the Fund will invest at least 80% of its Assets in government bonds including bonds issued or guaranteed by the U.S. government and its agencies and instrumentalities. For purposes of this policy, “Assets” means net assets plus the amount of borrowings for investment purposes. Ordinarily, such bonds will have principal and interest guaranteed by the U.S. government or its agencies and instrumentalities, be subject to repurchase agreements, or represent an interest in or be secured by mortgages that are issued or guaranteed by certain U.S. government agencies or instrumentalities.The Fund’s average weighted maturity will ordinarily range between three and 15 years, taking into account expected prepayment of principal on certain investments. The Fund may have a longer or shorter average weighted maturity under certain market conditions and the Fund may shorten or lengthen its average weighted maturity if deemed appropriate for temporary defensive purposes. Because of the Fund’s holdings in mortgage-backed and similar securities, the Fund’s average weighted maturity is equivalent to the average number of years for which each dollar of unpaid principal on a loan or mortgage securing mortgage-backed and similar securities remains outstanding given certain prepayment assumptions (also known as weighted average life).The Fund’s adviser has flexibility with respect to the Fund’s duration. Currently, the Fund’s adviser aims to maintain a duration of between 5.00 and 5.50 years over the long term, although the adviser has the flexibility to maintain a longer or shorter duration when it believes it is advisable to do so. Duration is a measure of the price sensitivity of a debt security or a portfolio of debt securities to relative changes in interest rates. For instance, a duration of three years means that a security’s or portfolio’s price would be expected to decrease by approximately 3% with a 1% increase in interest rates (assuming a parallel shift in yield curve).The adviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the adviser looks for individual fixed income investments that it believes will perform well over market cycles. The adviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction. As part of its evaluation of credit risk, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on certain issuers in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.The Fund may enter into lending agreements under which the Fund would lend money for temporary purposes directly to another J.P. Morgan Fund through a credit facility, subject to meeting the conditions of an SEC exemptive order granted to the Fund permitting such interfund lending.
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OGGPX - Performance

Return Ranking - Trailing

Period OGGPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.0% -4.3% 7.1% 24.34%
1 Yr -1.5% -5.0% 28.5% 44.69%
3 Yr -4.0%* -8.4% 9.5% 48.00%
5 Yr -0.7%* -5.8% 3.6% 43.19%
10 Yr N/A* -2.2% 3.3% 66.54%

* Annualized

Return Ranking - Calendar

Period OGGPX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -1.0% 22.1% 23.89%
2022 -13.6% -20.4% -5.8% 54.67%
2021 -3.5% -7.1% 16.6% 66.36%
2020 5.0% -1.3% 8.8% 14.95%
2019 4.1% 0.3% 7.1% 12.80%

Total Return Ranking - Trailing

Period OGGPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.0% -4.3% 7.1% 24.34%
1 Yr -1.5% -5.0% 28.5% 44.69%
3 Yr -4.0%* -8.4% 9.5% 48.00%
5 Yr -0.7%* -5.8% 3.6% 43.19%
10 Yr N/A* -2.2% 3.3% 63.64%

* Annualized

Total Return Ranking - Calendar

Period OGGPX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -0.5% 28.8% 70.35%
2022 -12.2% -18.5% -3.3% 61.33%
2021 -2.5% -4.5% 25.3% 81.82%
2020 6.6% -1.3% 13.0% 41.59%
2019 6.2% 1.8% 11.3% 32.70%

NAV & Total Return History


OGGPX - Holdings

Concentration Analysis

OGGPX Category Low Category High OGGPX % Rank
Net Assets 1.82 B 9.43 M 134 B 36.28%
Number of Holdings 351 18 12663 58.85%
Net Assets in Top 10 423 M 5.49 M 43.7 B 43.36%
Weighting of Top 10 22.91% 6.3% 115.2% 81.86%

Top 10 Holdings

  1. U.S. Treasury Bonds 4.27%
  2. JPMorgan U.S. Government Money Market Fund, Class Institutional 3.95%
  3. U.S. Treasury Notes 2.55%
  4. U.S. Treasury Notes 2.03%
  5. U.S. Treasury Notes 1.87%
  6. U.S. Treasury Notes 1.84%
  7. U.S. Treasury Notes 1.77%
  8. U.S. Treasury Inflation Indexed Bonds 1.67%
  9. U.S. Treasury Notes 1.51%
  10. FNMA, Grantor Trust, Series 2017-T1, Class A 1.45%

Asset Allocation

Weighting Return Low Return High OGGPX % Rank
Bonds
94.31% 0.08% 167.02% 85.40%
Cash
4.24% -29.69% 22.63% 30.97%
Other
1.45% -26.81% 18.17% 36.28%
Stocks
0.00% 0.00% 96.75% 27.88%
Preferred Stocks
0.00% 0.00% 0.10% 25.66%
Convertible Bonds
0.00% 0.00% 3.29% 28.32%

Bond Sector Breakdown

Weighting Return Low Return High OGGPX % Rank
Securitized
59.42% 0.00% 99.79% 37.61%
Government
36.44% 0.00% 100.00% 49.56%
Cash & Equivalents
3.95% -29.63% 33.75% 35.40%
Derivative
0.00% -20.68% 1.69% 63.27%
Corporate
0.00% 0.00% 9.48% 50.88%
Municipal
0.00% 0.00% 5.24% 42.48%

Bond Geographic Breakdown

Weighting Return Low Return High OGGPX % Rank
US
94.31% 0.08% 167.02% 85.40%
Non US
0.00% 0.00% 12.01% 27.88%

OGGPX - Expenses

Operational Fees

OGGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.03% 3.55% 31.56%
Management Fee 0.28% 0.00% 0.85% 37.61%
12b-1 Fee 0.25% 0.00% 1.00% 28.30%
Administrative Fee 0.08% 0.01% 0.45% 55.24%

Sales Fees

OGGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

OGGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OGGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 3.35% 948.00% 2.11%

OGGPX - Distributions

Dividend Yield Analysis

OGGPX Category Low Category High OGGPX % Rank
Dividend Yield 0.00% 0.00% 4.93% 91.59%

Dividend Distribution Analysis

OGGPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

OGGPX Category Low Category High OGGPX % Rank
Net Income Ratio 1.13% -0.80% 2.96% 20.89%

Capital Gain Distribution Analysis

OGGPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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OGGPX - Fund Manager Analysis

Managers

Michael Sais


Start Date

Tenure

Tenure Rank

Dec 31, 1996

25.43

25.4%

Mr. Sais, Managing Director and CFA charterholder, is a Fixed Income Fund Manager for the Insurance Asset Management Team and a member of the Columbus Taxable Bond Team . He joined J.P. Morgan Investment Management Inc in 1994 as a senior fixed income research analyst. Prior to this, he served as senior investment portfolio manager of Valley National Bank of Phoenix. Sais began his career with Citibank. Mr. Sais holds the Chartered Financial Analyst designation.

Robert Manning


Start Date

Tenure

Tenure Rank

Jul 01, 2013

8.92

8.9%

Robert Manning, Executive Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group for J.P. Morgan Investment Management Inc. Based in Columbus, he is a portfolio manager and is responsible for managing investments consistent with the unique requirements of insurance industry clients. Previously, he was a member of the Fixed Income Portfolio Management Group that supports Mid-Institutional Portfolios. Prior to joining the firm in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. He holds a B.S. in business management from Wittenberg University, an M.B.A. from The Ohio State University and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35