JGBZX Fees and Costs — JPMorgan Government Bond Fund, Class R2
Data updated: 2026-07-28
The net expense ratio is 1.05%: a 0.28% management fee, a 0.50% 12b-1 fee plus 0.40% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 35%.
JGBZX Fees and Expenses
Annual operating expenses and sales charges of JGBZX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JGBZX Costs Over Time
On $10,000 invested in JGBZX, assuming 5% a year before costs, total costs come to $657 over 5 years, cutting the return by 1.10% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $657 |
| Value after costs | $10,390 | $11,215 | $12,106 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
JGBZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
JGBZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $16K | 61.05% |
| Barclays Capital, Inc. | $6K | 21.65% |
| Deutsche Bank Securities Inc. | $2K | 6.62% |
| BofA Securities, Inc. | $1K | 5.27% |
| Morgan Stanley & Co. LLC | $1K | 4.73% |
| Goldman Sachs & Co. LLC | $181 | 0.69% |
JGBZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $176.4M | 16.07% |
| Citigroup Global Markets Inc. | $170.4M | 15.52% |
| Wells Fargo Securities, LLC | $153.4M | 13.98% |
| BofA Securities, Inc. | $135.0M | 12.30% |
| Morgan Stanley & Co. LLC | $120.3M | 10.96% |
| Goldman Sachs & Co. LLC | $115.8M | 10.55% |
| Deutsche Bank Securities Inc. | $67.6M | 6.15% |
| SANTANDER INVESTMENT S.A. | $59.2M | 5.39% |
| Nomura Securities International, Inc. | $52.5M | 4.78% |
| StoneX Financial, Inc | $47.4M | 4.32% |
JPMorgan Government Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OGGYX | Class R6 | 0.30% | — |
| HLGAX | Class I | 0.45% | none |
| OGGQX | Class R4 | 0.55% | — |
| OGGAX | Class A | 0.70% | 3.75% |
| OGGPX | Class R3 | 0.80% | — |
| JGBZX | Class R2 | 1.05% | — |
| OGVCX | Class C | 1.20% | none |
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.