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Government Bond Fund - R2 (JGBZX)

Government Bond Fund - R2 (JGBZX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks a high level of current income with liquidity and safety of principal.

Strategy/Investment process

  • Invests primarily in bonds issued by the U.S. government and its agencies and instrumentalities.
  • Generally maintains an average weighted maturity between three and 15 years, taking into account expected prepayment of principal on certain investments.
  • Seeks individual securities that it believes will perform well over market cycles.
Performance basics
  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 3.07% 0.53% 2.73% 4.17%
Barclays U.S. Government Bond Index 3.26% 0.88% 2.66% 4.20%
Lipper General U.S. Government Funds Index 3.22% 0.89% 2.83% 4.08%
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 2.14% 0.67% 2.78% 3.98%
Barclays U.S. Government Bond Index 2.27% 0.93% 2.63% 3.99%
Lipper General U.S. Government Funds Index 2.15% 0.97% 2.81% 3.88%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Annual operating expenses (%)
Expense cap expiration date 06/30/2016
Expense cap 1.00%
Total annual operating expenses 1.41%
Fee waivers and/or expense reimbursements 0.41%
Net expenses 1.00%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 7/31/2015)
Morningstar overall rating: (303 funds)
Morningstar category: Intermediate Government

Overall rating R2 Shares; Intermediate Government Category; 303 funds. Three year rating 3 stars; 303 funds. Five year rating 4 stars; 270 funds. 10 year period not yet rated.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular No Minimum. Regular No Minimum.
IRA No Minimum. IRA No Minimum.
Daily stats (as of 9/01/2015)
NAV YTD
$10.88 1.01%
$0.01 | 0.09%  
 
NAV as of:
  • Thu
    Jul 23
    2015
    $10.87
     
  • Fri
    Jul 24
    2015
    $10.88
     
  • Mon
    Jul 27
    2015
    $10.90
     
  • Tue
    Jul 28
    2015
    $10.89
     
  • Wed
    Jul 29
    2015
    $10.86
     
  • Thu
    Jul 30
    2015
    $10.86
     
  • Fri
    Jul 31
    2015
    $10.89
     
  • Mon
    Aug 03
    2015
    $10.91
     
  • Tue
    Aug 04
    2015
    $10.88
     
  • Wed
    Aug 05
    2015
    $10.85
     
  • Thu
    Aug 06
    2015
    $10.87
     
  • Fri
    Aug 07
    2015
    $10.89
     
  • Mon
    Aug 10
    2015
    $10.87
     
  • Tue
    Aug 11
    2015
    $10.91
     
  • Wed
    Aug 12
    2015
    $10.92
     
  • Thu
    Aug 13
    2015
    $10.89
     
  • Fri
    Aug 14
    2015
    $10.88
     
  • Mon
    Aug 17
    2015
    $10.91
     
  • Tue
    Aug 18
    2015
    $10.88
     
  • Wed
    Aug 19
    2015
    $10.92
     
  • Thu
    Aug 20
    2015
    $10.93
     
  • Fri
    Aug 21
    2015
    $10.95
     
  • Mon
    Aug 24
    2015
    $10.97
     
  • Tue
    Aug 25
    2015
    $10.91
     
  • Wed
    Aug 26
    2015
    $10.90
     
  • Thu
    Aug 27
    2015
    $10.89
     
  • Fri
    Aug 28
    2015
    $10.88
     
  • Mon
    Aug 31
    2015
    $10.87
     
  • Tue
    Sep 01
    2015
    $10.88
     
 
52 Week High $11.25
(10/15/2014)
52 Week Low $10.78
(6/26/2015)
YTD Total Return w/Load N/A
Net Asset Class $52,216,706.10
Net Asset Fund $1,279,051,531.81

N/A: Not available at this time

Yields
  6/30/2015   7/31/2015
30-Day SEC Yield 1.62% 1.63%
30-Day SEC Yield (Unsubsidized) 1.23% 1.24%
Dividend Yield 2.24% 2.27%

Must be preceded or accompanied by a prospectus

Basics
Ticker JGBZX
CUSIP 4812C2460
Share Class Inception Date 11/03/2008
Fund Number 1045
Asset Class Taxable Fixed Income
Cut-off time1 4:00 P.M.

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

Ordinarily the Fund will invest at least 80% of its total assets in securities which are guaranteed by the U.S. government and its agencies and instrumentalities so long as such securities are backed by the full faith and credit of the United States.

The Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions and could result in losses that significantly exceed the Fund's original investment. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The Barclays U.S. Government Bond Index is an unmanaged index composed of securities issued by the U.S. Government. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper General U.S. Government Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.