JPMorgan Funds Audited Annual Report - JP Morgan Asset ...

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JPMorgan Funds Appendix - Unaudited Additional Disclosures (continued) 2. Summary of Investment Objectives of the Sub-Funds (continued) JPMorgan Funds - US High Yield Plus Bond Fund Seeks to achieve a return in excess of US bond markets by investing primarily in below investment grade USD denominated debt securities, using financial derivative instruments where appropriate. JPMorgan Funds - US Small Cap Growth Fund Seeks to provide long-term capital growth by investing primarily in a growth style biased portfolio of small capitalisation US companies. JPMorgan Funds - US Technology Fund Seeks to provide long-term capital growth by investing primarily in technology, media and telecommunications related US companies. JPMorgan Funds - US Value Fund Seeks to provide long-term capital growth by investing primarily in a value style biased portfolio of US companies. 203
JPMorgan Funds Appendix - Unaudited Additional Disclosures (continued) 3. Performance and Volatility Performance Returns for periods greater than one year are annualised. Fund performance includes reinvestment of income and is net of all expenses. Past performance is no indication of current or future performance. The performance data does not take into account the commissions and costs incurred on the issue and redemption of units. Volatility The standard deviation (D) of the price is calculated on a daily basis throughout each Fund’s financial period. The details below relate to the period from 1 July 2013 to 31 December 2013. If D is equal to or less than 0.1 then volatility will be Low If D is greater than 0.1 but less or equal to 1.0 then volatility will be Medium If D is greater than 1.0 but less than or equal to 2.4 then volatility will be High If D is greater than 2.4 then volatility will be Very High Performance (continued) 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years 4 Years 5 Years Volatility JPMorgan Funds - America Equity Fund JPM America Equity A (acc) - AUD 15.40% - - - - - - - Medium JPM America Equity A (acc) - AUD (hedged)*** - - - - - - - - Medium JPM America Equity A (acc) - EUR 8.58% 13.92% - - - - - - Medium JPM America Equity A (acc) - EUR (hedged) 10.45% 20.51% 24.52% 40.03% 29.85% 18.02% 17.11% 23.05% Medium JPM America Equity A (acc) - HKD 10.57% 20.32% 24.07% - - - - - Medium JPM America Equity A (acc) - USD 10.55% 20.45% 24.40% 39.89% 30.49% 18.38% 17.83% 24.42% Medium JPM America Equity A (dist) - USD 10.56% 20.44% 24.33% 39.81% 30.46% 18.37% 17.82% 24.32% Medium JPMorgan America Equity A (dist) - USD 10.55% 20.45% 24.32% 39.80% 30.45% 18.36% 17.81% 24.32% Medium JPM America Equity B (acc) - USD 10.77% 20.90% 24.98% 40.86% 31.67% 19.60% 19.16% 26.10% Medium JPM America Equity B (dist) - USD 10.78% - - - - - - - Medium JPM America Equity C (acc) - EUR (hedged) 10.82% 21.23% 25.45% 41.60% 31.64% 19.69% 18.91% 25.24% Medium JPM America Equity C (acc) - USD 10.87% 21.11% 25.30% 41.29% 32.14% 20.02% 19.63% 26.77% Medium JPM America Equity C (dist) - USD 10.84% 21.08% 25.31% 41.28% - - - - Medium JPM America Equity D (acc) - EUR 8.39% 13.56% 15.15% 33.17% 24.65% 15.82% 18.30% 23.31% Medium JPM America Equity D (acc) - EUR (hedged) 10.30% 20.14% 23.73% 38.91% 28.67% 16.89% 15.89% 21.50% Medium JPM America Equity D (acc) - USD 10.34% 20.02% 23.66% 38.74% 29.25% 17.22% 16.54% 22.73% Medium JPM America Equity I (acc) - USD 10.88% 21.16% 25.43% 41.43% - - - - Medium JPM America Equity X (acc) - USD 11.05% 21.57% 26.00% 42.36% 33.33% 21.15% 20.95% 28.46% Medium JPMorgan Funds - Asia Local Currency Debt Fund JPM Asia Local Currency Debt A (acc) - USD - -1.22% -7.14% -7.06% 1.88% 1.51% - - Medium JPM Asia Local Currency Debt A (mth) - HKD 0.02% -1.17% -7.07% - - - - - Medium JPM Asia Local Currency Debt A (mth) - USD - -1.18% -7.01% - - - - - Medium JPM Asia Local Currency Debt C (acc) - USD 0.10% -0.96% -6.80% -6.64% 2.32% 1.99% - - Medium JPM Asia Local Currency Debt D (acc) - USD -0.12% -1.39% -7.39% -7.43% - - - - Medium JPM Asia Local Currency Debt I (acc) - USD*** - - - - - - - - Medium JPM Asia Local Currency Debt X (acc) - USD 0.21% -0.73% -6.47% - - - - - Medium JPMorgan Funds - Asia Pacific Income Fund JPMorgan Asia Pacific Income A (acc) - HKD - 2.89% -2.74% - - - - - Medium JPMorgan Asia Pacific Income A (acc) - USD 0.06% 3.02% -2.69% 3.56% 12.87% 4.33% 7.81% 15.00% Medium JPMorgan Asia Pacific Income A (dist) - USD 0.04% 2.96% -2.73% 3.53% 12.75% 4.08% 7.45% 14.37% Medium JPMorgan Asia Pacific Income A (irc) - AUD (hedged)*** - - - - - - - - Medium JPMorgan Asia Pacific Income A (irc) - CAD (hedged)*** - - - - - - - - Medium JPMorgan Asia Pacific Income A (irc) - EUR (hedged)*** - - - - - - - - Medium JPMorgan Asia Pacific Income A (irc) - GBP (hedged)*** - - - - - - - - Medium JPMorgan Asia Pacific Income A (irc) - NZD (hedged)*** - - - - - - - - Medium JPMorgan Asia Pacific Income A (mth) - HKD 0.08% 2.89% -2.82% 3.72% - - - - Medium JPMorgan Asia Pacific Income A (mth) - SGD 0.63% 2.54% -0.97% 7.09% - - - - Medium JPMorgan Asia Pacific Income A (mth) - SGD (hedged) - 2.92% -2.95% - - - - - Medium JPMorgan Asia Pacific Income A (mth) - USD 0.04% 2.97% -2.69% 3.58% - - - - Medium JPMorgan Asia Pacific Income B (acc) - USD 0.23% 3.42% -2.11% 4.33% 13.84% 5.21% 8.81% 16.34% Medium JPMorgan Asia Pacific Income B (mth) - USD 0.23% 3.34% -2.20% 4.28% - - - - Medium JPMorgan Asia Pacific Income C (dist) - USD 0.28% 3.45% -2.06% 4.48% - - - - Medium JPMorgan Asia Pacific Income D (acc) - USD -0.08% 2.73% -3.07% 3.09% 12.34% 3.84% 7.22% 14.25% Medium JPMorgan Asia Pacific Income D (mth) - USD -0.07% 2.75% -3.01% 3.14% - - - - Medium JPMorgan Asia Pacific Income X (acc) - USD 0.50% 3.96% -1.38% - - - - - Medium JPMorgan Funds - Brazil Equity Fund JPM Brazil Equity A (acc) - EUR -9.02% -9.76% -26.18% -23.64% -12.58% - - - High JPM Brazil Equity A (acc) - SGD -6.40% -4.55% -18.98% -17.46% -11.06% -12.60% - - High JPM Brazil Equity A (acc) - USD -7.21% -4.41% -20.61% -20.36% -10.01% -12.27% -7.23% 12.37% High JPM Brazil Equity A (dist) - USD -7.32% -4.49% -20.64% -20.37% -9.86% -12.10% -7.15% - High JPM Brazil Equity B (acc) - USD -7.16% -4.18% -20.23% -19.80% -9.47% -11.79% -6.67% 13.65% High JPM Brazil Equity C (acc) - USD -7.13% -4.08% -20.14% -19.75% -9.40% -11.76% -6.64% - High JPM Brazil Equity D (acc) - EUR -9.25% -10.21% -26.74% -24.40% -13.32% -13.61% - - High JPM Brazil Equity D (acc) - USD -7.49% -5.04% -21.23% -21.15% -10.83% -12.90% -7.90% 10.86% High JPM Brazil Equity I (acc) - EUR -8.82% -9.35% -25.67% -22.94% -11.92% -12.48% - - High JPM Brazil Equity I (acc) - USD -7.08% -4.08% -20.08% -19.60% -9.31% -11.71% -6.62% 13.76% High JPM Brazil Equity T (acc) - EUR -9.25% -10.22% -26.73% -24.40% -13.32% - - - High 204
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JPMorgan Funds Unaudited Semi-Annua
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JPMorgan Funds Unaudited Semi-Annua
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JPMorgan Funds Management and Admin
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JPMorgan Funds Combined Statement o
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JPMorgan Funds Notes to the Unaudit
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JPMorgan Funds - America Equity Fun
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Audit Report To the Shareholders of
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