JPMorgan US Government Money Market Fund Capital Shares Returns Calculator
Calculate historical returns and project future compounding for JPMorgan US Government Money Market. Test different monthly amounts, tenures, and step-up scenarios using real historical NAV performance.
Category
Money Market (US)
AUM
$231.04 Billion
Expense Ratio
0.17%
Fund Manager
Christopher Mercy, Robert Motroni & Christopher Tufts
JPMorgan US Government Money Market Historical SIP Performance & Returns Table
Historical value of standard monthly SIP investments based on actual fund CAGRs.
| Monthly SIP | 3 Years @ 4.9% CAGR | 5 Years @ 3.3% CAGR | 10 Years @ 2.1% CAGR |
|---|---|---|---|
| $100/mo | $3,886 Invested: $3,600 | $6,526 Invested: $6,000 | $13,356 Invested: $12,000 |
| $250/mo | $9,715 Invested: $9,000 | $16,316 Invested: $15,000 | $33,391 Invested: $30,000 |
| $500/mo | $19,430 Invested: $18,000 | $32,632 Invested: $30,000 | $66,782 Invested: $60,000 |
| $1,000/mo | $38,860 Invested: $36,000 | $65,265 Invested: $60,000 | $133,565 Invested: $120,000 |
| $2,500/mo | $97,149 Invested: $90,000 | $163,162 Invested: $150,000 | $333,912 Invested: $300,000 |
* Projections calculated using actual historical 3-year (4.91%), 5-year (3.27%), and 10-year (2.09%) performance data. Actual mutual fund returns fluctuate with market NAV.
Expert Editorial Analysis & Investment Review
Independent, data-driven assessment of JPMorgan US Government Money Market Fund Capital Shares covering strategy, benchmark tracking, risk metrics, and suitability for long-term DCA / compounding portfolios.
Fund Overview
JPMorgan U.S. Government Money Market Fund (Capital Class, OGVXX) is one of the worldโs most prominent institutional liquidity management strategies. Managing over $349 Billion across fund share classes (with over $224 Billion in the Capital Class alone), OGVXX serves as a cornerstone cash vehicle for corporate treasuries, wealth management platforms, and institutional investors worldwide.
Managed by JPMorgan Asset Managementโs Global Liquidity team, OGVXX invests at least 99.5% of total assets in cash, U.S. Treasury bills, and U.S. government agency repurchase agreements to maintain a continuous Net Asset Value (NAV) of $1.00 per share.
Who Should Invest
- Corporate Cash Managers: Treasury managers seeking a secure, wholesale sovereign vehicle to store balance sheet liquidity and payroll reserves.
- JPMorgan Private Bank & Wealth Clients: High-net-worth investors seeking capital preservation with daily liquidity inside JPMorgan advisory accounts.
- Institutional Liquidity Allocators: Endowments, municipalities, and institutional platforms requiring low institutional expense ratios (0.17%).
Key Strengths
- JPMorgan Global Liquidity Infrastructure: Backed by Americaโs largest bank and its global fixed income risk management infrastructure.
- Low Institutional Net Expense Ratio (0.17%): Passes through wholesale yields to institutional and wealth management clients.
- Uncompromised Credit Quality: Portfolios are invested strictly in sovereign U.S. government securities and collateralized repo agreements.
- Unbroken $1.00 NAV Track Record: Flawless capital preservation history spanning more than three decades since its inception in June 1993.
Risks to Consider
- Fed Interest Rate Cycles: Yields fluctuate directly in response to central bank interest rate decisions.
- Not FDIC Insured: Like all mutual funds, shares in money market funds are not bank deposits and are not insured by the FDIC.
- High Minimum Share Class Hurdles: Capital Class shares are generally accessed through financial intermediaries and institutional programs.
Managing Reserves with OGVXX
OGVXX delivers the security, liquidity, and operational ease that global institutions rely on to preserve working capital. By maintaining liquidity in OGVXX, investors ensure their cash generates competitive short-term yields while remaining instantly deployable for capital investments or systematic wealth strategies.
About JPMorgan US Government Money Market Fund Capital Shares
JPMorgan U.S. Government Money Market Fund (Capital Class) is one of the world's largest institutional cash management portfolios. It invests exclusively in short-term US government securities and repo agreements to provide high liquidity and a stable $1.00 NAV.
Investment Strategy
Government Money Market Strategy โ Invests at least 99.5% of total assets in cash, US government securities, and repurchase agreements collateralized by government securities, focusing on capital preservation and daily liquidity.
Key Facts
- Maintains a stable $1.00 net asset value (NAV) per share
- Total fund assets over $349 Billion
- Low 0.17% net expense ratio for Capital class shares
- Over 30-year track record since 1993
Historical Returns
3-Year CAGR
4.91% (Compound Yield)
5-Year CAGR
3.27% (Compound Yield)
10-Year CAGR
2.09% (Compound Yield)
Benchmark
Crane Government Money Fund Index
Money market funds are not FDIC insured.
Top Holdings & Sector Allocation
As of September 2026, JPMorgan US Government Money Market's portfolio includes:
Top 5 Holdings
- U.S. Treasury Bills & Notes (~55-65%)
- U.S. Government Agency Repurchase Agreements (~35-45%)
- Cash Equivalents (<1%)
Sector Allocation
U.S. Treasury Debt 57.8%, Government Agency Repos 41.9%, Cash Equivalents 0.3%
Risk & Drawdowns
Near-zero NAV volatility seeking continuous $1.00 share value.
Maintained uninterrupted $1.00 NAV throughout historical market cycles.
Tax Treatment
Distributions are taxable federally. Treasury percentage is exempt from state/local taxes.
Who Should NOT Invest in JPMorgan US Government Money Market?
Long-term investors seeking capital growth or equity returns.
About the Fund Manager
Managed by JPMorgan Global Liquidity team: Christopher Mercy, Robert Motroni, and Christopher Tufts.
Who Is This Fund Suitable For?
Ideal for institutional clients, corporations, wealth management accounts, and conservative savers seeking high liquidity and capital security.
More Funds from JPMorgan & Similar Schemes
Similar Funds to Consider
- Goldman Sachs FS Government Fund (FGTXX)
- Vanguard Federal Money Market Fund (VMFXX)
- Fidelity Institutional Government Portfolio (FRGXX)
Or compare side by side using our main SIP calculator โ you can test different funds with the same investment amount and dates to see which performed better.
Other Tools for JPMorgan US Government Money Market Investors
- FIRE Calculator โ Plan your retirement corpus with JPMorgan US Government Money Market as part of your portfolio
- Cost of Delay Calculator โ See how much delaying your SIP in JPMorgan US Government Money Market could cost you
- SIP vs EMI Calculator โ Compare investing in JPMorgan US Government Money Market vs paying off loans
Frequently Asked Questions About JPMorgan US Government Money Market
What is the historical SIP return of JPMorgan US Government Money Market?
Based on the latest data, JPMorgan US Government Money Market has delivered an annualized return (CAGR) of 4.91% (Compound Yield) over 3 years, 3.27% (Compound Yield) over 5 years, and 2.09% (Compound Yield) over 10 years. Maintained uninterrupted $1.00 NAV throughout historical market cycles.
How is JPMorgan US Government Money Market SIP return calculated?
SIP returns are calculated using the XIRR (Extended Internal Rate of Return) method. Each monthly installment buys units at the fund's Net Asset Value (NAV) on that specific day. When markets are down, your SIP buys more units, and when markets are up, it buys fewer units (rupee cost averaging). Our calculator replays this exact process using historical NAV data to compute the precise current value of your accumulated units.
How much return would $500 monthly SIP in JPMorgan US Government Money Market generate over 5 years?
At an estimated annual return rate of 3.27%, a monthly $500 investment ($30,000 total invested) would grow to approximately $32,632 in 5 years, yielding an estimated wealth gain of $2,632. Use our interactive calculator above to test custom amounts with actual historical NAV data.
What are the top holdings in JPMorgan US Government Money Market?
JPMorgan US Government Money Market's top holdings include U.S. Treasury Bills & Notes (~55-65%), U.S. Government Agency Repurchase Agreements (~35-45%), Cash Equivalents (<1%), and others. The fund's sector allocation is U.S. Treasury Debt 57.8%, Government Agency Repos 41.9%, Cash Equivalents 0.3%.
What is the risk profile of JPMorgan US Government Money Market?
Near-zero NAV volatility seeking continuous $1.00 share value. This fund may not be suitable for long-term investors seeking capital growth or equity returns..
What are the tax implications of investing in JPMorgan US Government Money Market?
Distributions are taxable federally. Treasury percentage is exempt from state/local taxes.
Data last updated: September 2026 | Fund data sourced from SEC filings and public exchanges
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