With more than $1.3 trillion worth of assets under management, JPMorgan is renowned as one of the world’s leading financial management companies. The company is also the fourth-largest mutual fund firm in the U.S. and manages over 100 mutual funds. 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 Mid Cap Growth A ( OSGIX - MF report ) seeks capital appreciation with a secondary objective of current income. The majority of its assets are used to purchase equity securities of mid cap companies. Common stocks and related convertible equity securities constitute its major investments. The fund has returned 32.95% in the last one year period.

Christopher Jones is the fund manager and he has managed this JPMorgan mutual fund since 2004.

JPMorgan High Yield A ( OHYAX - MF report ) invests a large proportion of its assets in bonds, loans, unfunded commitments and preferred stock rated below investment grade. Not more than 30% of the fund’s assets are invested in loans and unfunded commitments. The fund has a three year annualized return of 11.13%.

As of January 2011, this fund held 843 issues, with 2.99% of its total assets invested in JPMorgan Liquid Assets Money Market Fund.

JPMorgan Diversified A ( JDVAX - MF report ) seeks significant total return. The fund invests in both equity and fixed income securities in the following proportion: 30-60% of its assets are invested in large and mid-cap domestic equity securities and 25-50% in domestic and foreign debt. A smaller share of assets is invested in foreign stocks and small domestic companies. The fund has a ten year annualized return of 4.36%.

The JPMorgan mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.00% compared to a category average of 1.01%.

JPMorgan Emerging Markets Debt ( JEMDX - MF report ) 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 five year annualized return of 5.54%.

Pierre-Yves Bareau is the fund manager and has managed this JPMorgan mutual fund since 2009.

JPMorgan Large Cap Growth A ( OLGAX - MF report ) seeks 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 returned 32.56% in the last one year period.

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 1.32%.

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.