JPMorgan Core Bond Fund (PGBOX)

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JPMorgan Core Bond Fund (PGBOX) is up 0.1% since the beginning of the year. PGBOX is currently trading at $10 per share. Investors who bought $1,000 worth of PGBOX shares 5 years ago would now be looking at an investment worth $1,003.

JPMorgan Core Bond Fund (PGBOX) has returned 0.12% so far this year and 4.11% over the past 12 months. Over the last ten years, PGBOX has returned 1.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 31, 1991, PGBOX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 63% of months were positive and 37% were negative. The best month was May 1995 with a return of +4.4%, while the worst month was Sep 2022 at -3.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PGBOX closed higher 46% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Dec 23, 1993 at -3.5%.

JPMorgan Core Bond Fund has an annualized alpha of 3.99%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 31, 1991.

• This fund captured 10.57% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.99%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PGBOX has an expense ratio of 0.70%, placing it in the medium range.

PGBOX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

JPMorgan Core Bond Fund provided a 3.48% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for JPMorgan Core Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the JPMorgan Core 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 Core Bond Fund was 18.42%, occurring on Jan 3, 1995. Recovery took 619 trading sessions.

The current JPMorgan Core Bond Fund drawdown is 1.89%.

The chart below shows the rolling one-month volatility.