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

JPMorgan Funds
Notes to the Financial Statements (continued)
As at 30 June 2013
Class Currency Dividend Amount per Share Payment Date
JPM US Aggregate Bond B (mth) - USD USD 0.27 21 May 2013
JPM Emerging Markets Debt A (irc) - AUD (hedged) AUD 0.08 21 May 2013
JPM Emerging Markets Debt A (irc) - CAD (hedged) CAD 0.07 21 May 2013
JPM Emerging Markets Debt A (irc) - NZD (hedged) NZD 0.10 21 May 2013
JPM Emerging Markets Local Currency Debt A (div) - EUR EUR 2.05 22 May 2013
JPM Emerging Markets Local Currency Debt D (div) - EUR EUR 0.20 22 May 2013
JPM Emerging Markets Local Currency Debt T (div) - EUR EUR 2.01 22 May 2013
JPM US Aggregate Bond A (div) - USD USD 0.81 22 May 2013
JPM Asia Local Currency Debt A (mth) - HKD HKD 0.05 18 June 2013
JPM Asia Local Currency Debt A (mth) - USD USD 0.40 18 June 2013
JPMorgan Asia Pacific Income A (mth) - HKD HKD 0.06 18 June 2013
JPMorgan Asia Pacific Income A (mth) - SGD SGD 0.06 18 June 2013
JPMorgan Asia Pacific Income A (mth) - SGD (hedged) SGD 0.05 18 June 2013
JPMorgan Asia Pacific Income A (mth) - USD USD 0.50 18 June 2013
JPMorgan Asia Pacific Income B (mth) - USD USD 0.48 18 June 2013
JPMorgan Asia Pacific Income D (mth) - USD USD 0.48 18 June 2013
JPM Emerging Markets Bond A (mth) - USD USD 0.59 18 June 2013
JPM Emerging Markets Bond B (mth) - USD USD 0.60 18 June 2013
JPM Emerging Markets Bond D (mth) - USD USD 0.59 18 June 2013
JPM Emerging Markets Debt A (mth) - EUR (hedged) EUR 0.07 18 June 2013
JPM Emerging Markets Debt A (mth) - HKD HKD 0.07 18 June 2013
JPM Emerging Markets Debt A (mth) - USD USD 0.09 18 June 2013
JPM Emerging Markets Debt C (mth) - USD USD 0.58 18 June 2013
JPM Emerging Markets Local Currency Debt A (mth) - USD USD 0.10 18 June 2013
JPM Emerging Markets Local Currency Debt B (mth) - USD USD 0.66 18 June 2013
JPM Emerging Markets Local Currency Debt C (mth) - USD USD 0.65 18 June 2013
JPM Emerging Markets Local Currency Debt D (mth) - USD USD 0.66 18 June 2013
JPM US Aggregate Bond A (mth) - HKD HKD 0.03 18 June 2013
JPM US Aggregate Bond A (mth) - SGD SGD 0.03 18 June 2013
JPM US Aggregate Bond A (mth) - SGD (hedged) SGD 0.04 18 June 2013
JPM US Aggregate Bond A (mth) - USD USD 0.03 18 June 2013
JPM US Aggregate Bond B (mth) - USD USD 0.27 18 June 2013
JPM Emerging Markets Debt A (irc) - AUD (hedged) AUD 0.08 18 June 2013
JPM Emerging Markets Debt A (irc) - CAD (hedged) CAD 0.07 18 June 2013
JPM Emerging Markets Debt A (irc) - NZD (hedged) NZD 0.10 18 June 2013
Share Classes with the suffix “(acc)” are accumulation Share Classes and will not normally pay dividends.
Distribution Share Classes will normally pay dividends as described below.
Share Classes suffixed “(dist)” and suffixed “(inc)”
It is intended that all those Share Classes with the suffix “(dist)” will meet the conditions to qualify as “reporting” for the purposes of the United Kingdom tax
legislation relating to offshore funds and will, if appropriate, pay dividends which at least meet the greater of the reportable income under that legislation or
the taxable earnings from investments in accordance with the German Investment Tax Act. It is intended that those Share Classes with the suffix “(inc)” will, if
appropriate, pay dividends equal to or in excess of the taxable earnings from investments in accordance with the German Investment Tax Act. Payment of
dividends on these Share Classes will normally be made in September of each year.
Share Classes suffixed “(div)”
Share Classes with the suffix “(div)” will normally pay quarterly dividends which are calculated by the Management Company based on the estimated annual
yield of the relevant Sub-Fund’s portfolio which is attributable to that Share Class. The Management Company will review the dividend rate for each Share
Class at least semi-annually, but may adjust the dividend rate more frequently to reflect changes in the portfolio’s expected yield.
Investors should be aware that “(div)” Share Classes give priority to dividends, rather than to capital growth. The expected yield for each Share Class will be
calculated gross of both the Annual Management and Advisory Fee and the Operating and Administrative Expenses, and such Share Classes will typically
distribute more than the income received. Share Classes with the suffix “(div)” in issue at the dividend record date will be eligible for any dividends which will
normally be paid in the currency of the relevant Share Class.
Share Classes suffixed “(mth)”
Share Classes with the suffix “(mth)” will be available to Shareholders subscribing, and remaining subscribed, through specific Asian distribution networks
and to other distributors at the sole discretion of the Management Company. Share Classes with the suffix “(mth)” will normally pay dividends on a monthly
basis. The monthly dividend rate per Share will be calculated by the Management Company based on the estimated annual yield of the relevant Sub-Fund’s
portfolio which is attributable to that Share Class. The Management Company will review the dividend rate for each Share Class at least semi-annually, but
may adjust the dividend rate more frequently to reflect changes in the portfolio’s expected yield. Investors should be aware that “(mth)” share classes give
priority to dividends, rather than to capital growth. The expected yield for each Share Class will be calculated gross of both the Annual Management and
Advisory Fee and the Operating and Administrative Expenses, and such Share Classes will typically distribute more than the income received. Dividend
payments for these Share Classes will normally be made to Shareholders each month in the currency of the relevant Share Class.
Share Classes suffixed “(fix)”
Share Classes with the suffix “(fix)” will normally pay a quarterly fixed dividend based on a total amount per Share per annum as defined in the prospectus
dated June 2013.
Share Classes suffixed “(irc)”
Share Classes with the suffix “(irc)” will normally pay dividends on a monthly basis. The monthly dividend rate per Share will be variable and will be calculated
by the Management Company based on: the estimated gross annual yield of the relevant Sub-Fund’s portfolio attributable to that Share Class, which is
revised at least semi-annually; and the addition or deduction of the estimated interest rate carry depending on whether such carry is positive or negative
respectively. The interest rate carry is calculated using the average daily differential of the one month FX forward rate and the spot rate between these two
currencies of the preceding calendar month.
52