T. Rowe Price is a renowned publicly owned investment management firm, headquartered in Baltimore, Maryland. The company was founded in 1937 by Thomas Rowe Price, Jr. It manages assets worth $810.8 billion (as of December 31, 2016) and prides itself in having more than 6,000 associates working in around 16 offices globally. The company offers a full range of investment planning and guidance tools. It also offers mutual funds, subadvisory services, retirement plans and separate account management for individual clients.

Below we share with you three top-rated T. Rowe Price mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of T. Rowe Price funds.

T. Rowe Price Mid-Cap Value (TRMCX - Free Report) invests the majority of its assets in companies having market capitalization within the range of the Russell Midcap Value Index or the S&P MidCap 400 Index. TRMCX seeks capital growth for the long run. T. Rowe Price Mid-Cap Value has a one-year annualized return of 20.9%.

David Wallack is the portfolio manager of TRMCX since 2000.

T. Rowe Price Small-Cap Value Fund No Load (PRSVX - Free Report) invests the majority of its assets in companies with market capitalization within the range of the Russell 2000 Index. It may also invest in securities of companies located in foreign lands. Further, PRSVX may choose to sell its securities to restrict losses and reallocate assets in other securities with higher prospects. T. Rowe Price Small-Cap Value Fund No Load has a one-year annualized return of 25.3%.

PRSVX has an expense ratio of 0.80% compared with the category average of 1.22%.

T. Rowe Price Emerging Markets Bond (PREMX - Free Report) provides current income and capital appreciation. PREMX is non-diversified and invests a large portion of its assets in government and corporate debt securities of emerging nations. T. Rowe Price Emerging Markets Bond has a one-year annualized return of 14.7%.

As of December, 2016, PREMX held 457 issues, with 2.70% of its assets invested in Brazil Federative Rep 10%.