HLGAX Performance — JPMorgan Government Bond Fund, Class I
Data updated: 2026-07-28
HLGAX returned +0.23% year to date and +4.52% over one year to May 2026. Annualised returns are +3.43% over 3 years and −0.02% over 5 years. The fund trailed its Intermediate Securitized Bond category average: $100 invested three years ago grew to $111, against $116 for the category, and to $105 over one year, against $106. Volatility over the past three years was 5.22% a year. In the 12 months to May 2026 the fund lost a net $144.3M, and assets reached $1.85B.
HLGAX Growth of $100
What $100 invested in JPMorgan Government Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | HLGAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $116 |
| 5 years (Jun 2021 – May 2026) | $100 | $105 |
| Since data start (Sep 2019 – May 2026) | $103 | $111 |
HLGAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.23% |
| 1 year | +4.52% |
| 3 years (annualised) | +3.43% |
| 5 years (annualised) | −0.02% |
HLGAX Annual Returns
Calendar-year total returns of JPMorgan Government Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.23% |
| 2025 | +6.98% |
| 2024 | +1.27% |
| 2023 | +4.38% |
| 2022 | −11.85% |
| 2021 | −2.12% |
| 2020 | +6.95% |
| 2019 (Sep–Dec) | −1.26% |
HLGAX 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 | +0.3% | +1.7% | −1.8% | 0.0% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +2.2% | +0.2% | +0.5% | −0.9% | +1.3% | −0.4% | +1.3% | +0.9% | +0.7% | +0.7% | −0.3% |
| 2024 | −0.1% | −1.3% | +0.8% | −2.3% | +1.6% | +1.0% | +2.3% | +1.3% | +1.2% | −2.4% | +1.0% | −1.5% |
| 2023 | +2.9% | −2.2% | +2.1% | +0.5% | −0.9% | −0.6% | −0.2% | −0.6% | −2.2% | −1.6% | +3.8% | +3.6% |
| 2022 | −1.5% | −0.8% | −3.0% | −2.9% | +0.3% | −0.9% | +2.0% | −2.6% | −3.7% | −1.4% | +2.9% | −0.6% |
| 2021 | −0.4% | −1.4% | −1.2% | +0.8% | +0.2% | +0.5% | +1.0% | −0.3% | −0.8% | −0.3% | +0.3% | −0.4% |
| 2020 | +2.3% | +1.9% | +1.4% | +0.4% | +0.1% | +0.3% | +0.9% | −0.6% | +0.2% | −0.8% | +0.5% | +0.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | −0.2% | −0.5% |
HLGAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.22%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +3.83% (Nov 2023)
- Worst month: −2.43% (Oct 2024)
HLGAX Fund Flows
Monthly money in and out of JPMorgan Government Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$144.3M
- 12-month gross sales (incl. reinvestments): $649.7M
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $41.3M | $55.1M | −$13.8M |
| Apr 2026 | $54.4M | $53.1M | $1.3M |
| Mar 2026 | $59.2M | $105.3M | −$46.1M |
| Feb 2026 | $52.1M | $40.7M | $11.5M |
| Jan 2026 | $38.2M | $61.3M | −$23.1M |
| Dec 2025 | $56.8M | $64.2M | −$7.4M |
| Nov 2025 | $43.4M | $50.4M | −$7.0M |
| Oct 2025 | $57.9M | $61.9M | −$3.9M |
| Sep 2025 | $89.3M | $41.9M | $47.4M |
| Aug 2025 | $59.4M | $52.5M | $7.0M |
| Jul 2025 | $44.2M | $115.0M | −$70.8M |
| Jun 2025 | $53.4M | $92.7M | −$39.3M |
HLGAX Assets Under Management
Net assets of JPMorgan Government Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.85B |
| 2026-02-28 | $1.96B |
| 2025-11-30 | $1.96B |
| 2025-08-31 | $1.90B |
| 2025-05-31 | $1.97B |
| 2025-02-28 | $2.00B |
| 2024-11-30 | $1.98B |
| 2024-08-31 | $1.98B |
| 2024-05-31 | $1.85B |
| 2024-02-29 | $1.82B |
| 2023-11-30 | $1.85B |
| 2023-08-31 | $1.86B |
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.