JPMorgan Government Bond Fund (HLGAX)
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. It mainly invests in government bonds with intermediate to long remaining maturities. The fund's average weighted maturity will ordinarily range between three and 15 years, taking into account expected prepayment of principal on certain investments.
Fund Info
US4812C04231
4812C0423
Feb 7, 1993
$1,000,000
Expense Ratio
HLGAX features an expense ratio of 0.47%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Government Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Government Bond Fund had a return of 0.87% year-to-date (YTD) and 3.89% in the last 12 months. Over the past 10 years, JPMorgan Government Bond Fund had an annualized return of 0.81%, while the S&P 500 had an annualized return of 11.31%, indicating that JPMorgan Government Bond Fund did not perform as well as the benchmark.
HLGAX
0.87%
0.77%
-1.47%
3.89%
-0.89%
0.81%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of HLGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.55% | 0.87% | |||||||||||
| 2024 | -0.11% | -1.26% | 0.77% | -2.29% | 1.56% | 0.99% | 2.27% | 1.28% | 1.17% | -2.43% | 0.98% | -1.54% | 1.26% |
| 2023 | 2.95% | -2.21% | 2.13% | 0.54% | -0.93% | -0.62% | -0.20% | -0.63% | -2.24% | -1.64% | 3.82% | 3.58% | 4.38% |
| 2022 | -1.52% | -0.81% | -2.97% | -2.85% | 0.29% | -0.94% | 1.97% | -2.59% | -3.73% | -1.43% | 2.91% | -0.64% | -11.85% |
| 2021 | -0.43% | -1.41% | -1.24% | 0.78% | 0.21% | 0.49% | 1.04% | -0.32% | -0.79% | -0.33% | 0.32% | -0.41% | -2.11% |
| 2020 | 2.31% | 1.91% | 1.41% | 0.43% | 0.12% | 0.31% | 0.93% | -0.65% | 0.22% | -0.76% | 0.48% | -0.05% | 6.82% |
| 2019 | 0.49% | -0.03% | 1.76% | -0.14% | 2.04% | 0.77% | 0.21% | 2.63% | -0.63% | 0.09% | -0.18% | -0.55% | 6.59% |
| 2018 | -1.16% | -0.59% | 0.69% | -0.75% | 0.69% | 0.11% | -0.38% | 0.81% | -0.78% | -0.57% | 0.91% | 1.89% | 0.83% |
| 2017 | 0.27% | 0.46% | 0.01% | 0.69% | 0.66% | -0.37% | 0.29% | 1.05% | -0.75% | -0.08% | -0.08% | 0.12% | 2.27% |
| 2016 | 1.70% | 0.91% | 0.31% | 0.04% | -0.25% | 1.98% | 0.29% | -0.45% | 0.17% | -0.65% | -2.31% | -0.56% | 1.13% |
| 2015 | 2.37% | -1.17% | 0.60% | -0.22% | -0.15% | -0.77% | 0.61% | -0.06% | 0.58% | -0.17% | -0.27% | -1.67% | -0.37% |
| 2014 | 1.72% | 0.51% | -0.58% | 0.71% | 1.15% | -0.13% | -0.30% | 1.05% | -0.34% | 0.95% | 0.76% | -1.83% | 3.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HLGAX is 28, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Government Bond Fund provided a 2.86% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.24 | $0.20 | $0.16 | $0.19 | $0.25 | $0.25 | $0.25 | $0.26 | $0.27 | $0.31 |
Dividend yield | 2.86% | 2.85% | 2.55% | 2.12% | 1.50% | 1.69% | 2.37% | 2.44% | 2.36% | 2.43% | 2.58% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Government Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Government Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Government Bond Fund was 17.50%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current JPMorgan Government Bond Fund drawdown is 8.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.5% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -6.24% | Feb 1, 1994 | 70 | May 9, 1994 | 212 | Mar 1, 1995 | 282 |
| -5.73% | May 3, 2013 | 87 | Sep 5, 2013 | 279 | Oct 14, 2014 | 366 |
| -5.54% | Jun 16, 2003 | 42 | Aug 14, 2003 | 140 | Mar 5, 2004 | 182 |
| -5.21% | Oct 6, 1998 | 221 | Aug 10, 1999 | 168 | Apr 4, 2000 | 389 |
Volatility
Volatility Chart
The current JPMorgan Government Bond Fund volatility is 1.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.