JPMorgan is well known as one of the world’s leading financial management companies and manages more than $1.3 trillion worth of assets. However, it is also the fourth-largest mutual fund firm in the U.S. and manages over 100 mutual funds. In addition, it offers managed accounts and retirement products. It prides itself on being the leading provider of market neutral funds in the domestic market. 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 Growth & Income A (VGRIX) seeks long-term capital appreciation and dividend income. The majority fund’s assets are utilized to purchase common stocks. Companies invested in must have market capitalizations identical to those which are included in the S&P 500 or Citigroup Value Index .The fund has returned 8.92% in the last one year period.
Jonathan Simon is the fund manager and he has managed this JPMorgan fund since 2002.
JPMorgan Core Plus Bond A (ONIAX) invests at least 80% of its assets in a wide range of debt securities of varying quality. Not more than 35% of its assets are used to purchase foreign securities. At least 65% of its assets must be invested in bonds rated investment grade at the time of purchase. The fund has a three year annualized return of 7.08%.
As of November 2010, this fund held 1957 issues, with 10.60% of its total assets invested in JPMorgan Liquid Assets Money Market Fund.
JPMorgan International Value A (JFEAX) seeks total return. The fund invests in equity securities which are part of the Morgan Stanley Capital International EAFE Value index. It purchases common and preferred stock, convertible securities and privately placed securities. The fund has a ten year annualized return of 3.83%.
The JPMorgan fund has a minimum initial investment of $1,000 and an expense ratio of 1.36% compared to a category average of 1.40%.
JPMorgan Asia Equity A (JAEAX) invests a large proportion of its assets in Asian companies. Equity securities of foreign companies from the region with the exception of Japan constitute its major investments. Not more than 20% of its assets may be utilized to purchase corporate and government debt securities. The fund has returned 18.74% in the last one year period.
Joshua Tay is the fund manager and he has managed this JPMorgan fund since 2005.
JPMorgan Mortgage-Backed Securities A (OMBAX) seeks total return. At least 80% of its assets are invested in mortgage-backed securities. The fund focuses on acquiring bonds and debt securities rated investment grade though it may purchase securities of comparable quality. The fund has a five year annualized return of 7.32%.
The JPMorgan fund has an expense ratio of 0.64% compared to a category average of 0.94%.
To view the Zacks Rank and past performance of all JPMorgan 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.
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