One of the most renowned financial management companies in the world, JP Morgan is also the fifth-largest mutual fund firm in the U.S. With more than $1.2 trillion worth of assets under management, the firm’s mutual fund offerings include products of all classes and management styles. It prides itself on being the leading provider of market neutral funds in the domestic market. JP Morgan also offers managed accounts and retirement products. The company has pioneered the introduction of innovative, inflation-protected municipal products.
Below we will share with you 5 top rated JPMorgan funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all JPMorgan funds, then click here.
JPMorgan Government Bond A (OGGAX) seeks high current income and preservation of capital invested. The majority of its assets are used to purchase bonds issued by the U.S. Government and its agencies. The fund has returned 8.66% in the last one year period and has a three year annualized return of 7.91%.
The JPMorgan mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.74% compared to a category average of 1.00%.
JPMorgan Emerging Markets Debt (JEMDX) invests the majority of its assets in debt securities issued in emerging markets. These securities may be dollar-denominated or may be issued in foreign currencies. The fund is non-diversified and may also purchase securities rated below investment grade. The fund has a ten year annualized return of 10.4%.
As of August 2010, this JPMorgan mutual fund held 144 issues, with 10.19% of its total assets invested in Russian Federation 7.5%.
JPMorgan US Real Estate A (SUSIX) seeks current income and long-term capital growth. It invests the majority of its assets in securities of publicly traded companies located in the U.S. At least 25% of its assets are invested in industries in the real estate sector. The fund has returned 32.66% in the last one year period.
Kenneth D. R. Statz is the fund manager and he has managed this JPMorgan mutual fund since 1997.
JPMorgan Large Cap Growth A (OLGAX) invests at least 80% of its assets ate used to purchase equity securities of large-cap companies. The market capitalizations of these companies must be within the range of the companies in the Russell 1000 Growth index. The fund has a five year annualized return of 3.68%.
The JPMorgan mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.24% compared to a category average of 1.33%.
JPMorgan Emerging Markets Equity A (JFAMX) seeks high total return. A large portion of its assets are used to purchase emerging market equity securities. The fund allocates weight to investments in a particular country using the Morgan Stanley Capital International (MSCI) Emerging Markets Equity index. The fund returned 20.85% over the last one year period.
Austin Forey is the fund manager and he has managed this JPMorgan mutual fund since 2005.
To view the Zacks Rank and past performance of all JPMorgan mutual funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
