C000023908 Performance — U.S. Government Securities Fund, Class 1
Data updated: 2026-08-27
C000023908 returned −0.03% year to date and +2.89% over one year to Jun 2026. Annualised returns are +3.88% over 3 years and +0.26% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $112, against $115 for the category, and to $103 over one year, against $104. Volatility over the past three years was 5.48% a year. In the 12 months to Jun 2026 the fund took in a net $90.3M, and assets reached $1.87B.
C000023908 Growth of $100
What $100 invested in U.S. Government Securities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | C000023908 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $115 |
| 5 years (Jul 2021 – Jun 2026) | $101 | $102 |
| Since data start (Jul 2019 – Jun 2026) | $111 | $112 |
C000023908 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.03% |
| 1 year | +2.89% |
| 3 years (annualised) | +3.88% |
| 5 years (annualised) | +0.26% |
C000023908 Annual Returns
Calendar-year total returns of U.S. Government Securities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −0.03% |
| 2025 | +8.01% |
| 2024 | +0.98% |
| 2023 | +3.21% |
| 2022 | −10.75% |
| 2021 | −0.44% |
| 2020 | +10.09% |
| 2019 (Jul–Dec) | +0.95% |
C000023908 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.5% | −1.8% | 0.0% | +0.1% | +0.1% | — | — | — | — | — | — |
| 2025 | +0.6% | +2.3% | +0.4% | +1.2% | −1.2% | +1.6% | −0.6% | +1.6% | +0.7% | +0.6% | +0.6% | 0.0% |
| 2024 | 0.0% | −1.7% | +0.6% | −2.6% | +1.7% | +1.1% | +2.4% | +1.6% | +1.3% | −2.8% | +0.8% | −1.2% |
| 2023 | +2.4% | −2.3% | +2.9% | +0.2% | −1.4% | −1.3% | −0.2% | −0.6% | −2.3% | −1.4% | +4.3% | +3.2% |
| 2022 | −1.2% | −0.1% | −2.3% | −2.8% | +0.3% | −1.2% | +2.5% | −2.8% | −4.7% | −1.2% | +3.1% | −0.6% |
| 2021 | −0.5% | −1.2% | −0.9% | +0.6% | +0.3% | +0.5% | +1.1% | −0.1% | −0.4% | 0.0% | +0.6% | −0.3% |
| 2020 | +1.5% | +2.2% | +3.5% | +0.8% | +0.2% | +0.3% | +1.1% | −0.5% | +0.2% | −0.5% | +0.6% | +0.1% |
| 2019 | — | — | — | — | — | — | −0.4% | +1.5% | −0.4% | +0.4% | −0.2% | +0.1% |
C000023908 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.48%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +4.31% (Nov 2023)
- Worst month: −2.82% (Oct 2024)
C000023908 Fund Flows
Monthly money in and out of U.S. Government Securities Fund, from SEC Form N-PORT.
- 12-month net flow: $90.3M
- 12-month gross sales (incl. reinvestments): $412.7M
- Sales ÷ redemptions: 1.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $50.6M | $18.9M | $31.7M |
| May 2026 | $34.1M | $25.3M | $8.8M |
| Apr 2026 | $26.7M | $30.3M | −$3.6M |
| Mar 2026 | $24.3M | $37.6M | −$13.3M |
| Feb 2026 | $22.0M | $30.3M | −$8.3M |
| Jan 2026 | $16.8M | $21.5M | −$4.8M |
| Dec 2025 | $89.1M | $21.7M | $67.5M |
| Nov 2025 | $18.7M | $31.7M | −$13.0M |
| Oct 2025 | $36.0M | $39.9M | −$3.8M |
| Sep 2025 | $25.2M | $21.2M | $4.0M |
| Aug 2025 | $21.7M | $16.6M | $5.1M |
| Jul 2025 | $47.6M | $27.6M | $20.0M |
C000023908 Assets Under Management
Net assets of U.S. Government Securities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.87B |
| 2026-03-31 | $1.85B |
| 2025-12-31 | $1.88B |
| 2025-09-30 | $1.87B |
| 2025-06-30 | $1.81B |
| 2025-03-31 | $1.85B |
| 2024-12-31 | $1.82B |
| 2024-09-30 | $1.85B |
| 2024-06-30 | $1.72B |
| 2024-03-31 | $1.52B |
| 2023-12-31 | $1.52B |
| 2023-09-30 | $1.47B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.