JPMorgan Funds Audited Annual Report - JP Morgan Asset ...
JPMorgan Funds Audited Annual Report - JP Morgan Asset ...
JPMorgan Funds Audited Annual Report - JP Morgan Asset ...
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<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong><br />
Notes to the Financial Statements (continued)<br />
As at 30 June 2013<br />
Sub-Fund Market Value Cash Collateral<br />
Non Cash<br />
Collateral*<br />
Lending Income<br />
(Gross) Lending Agent Fee<br />
Lending Income<br />
(Net)<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Germany Equity Fund 21,091,361 13,916,634 7,703,435 829,472 135,089 694,383<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Dynamic Fund 25,652,181 16,238,104 10,830,530 508,844 90,499 418,345<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Focus Fund 123,539,547 101,900,401 25,080,958 1,538,234 313,630 1,224,604<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Real Estate Securities Fund (USD) - - - 7,123 1,781 5,342<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Greater China Fund 30,117,524 4,219,644 28,070,863 62,549 9,382 53,167<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Hong Kong Fund 7,433,915 898,424 7,029,537 11,020 1,653 9,367<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Small Cap Growth Fund 1,750 2,188 - 113,854 28,463 85,391<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Technology Fund 3,022,539 - 3,285,145 26,230 5,815 20,415<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Value Fund - - - 5,123 1,281 3,842<br />
*The securities received as collateral are in the form of government securities (US, UK, and some Eurozone). These securities are issued and guaranteed as to principal and interest by the US and the<br />
Eurozone government with minimum ratings of AAA and AA-, respectively.<br />
11. Information for Swiss Registered Shareholders<br />
J.P. <strong>Morgan</strong> (Suisse) S.A. was authorised by the Swiss Financial Market Supervisory Authority (FINMA) as Swiss representative of the SICAV and acts also as<br />
paying agent. The prospectus, the Key Investor Information Documents, the articles, the annual and semi-annual reports of the SICAV, as well as a list of the<br />
purchases and sales which the SICAV has undertaken during the financial year may be obtained, on simple request and free of charge, at the head office of<br />
the Swiss representative of the SICAV, J.P. <strong>Morgan</strong> (Suisse) S.A., 8, rue de la Confédération, CH-1204 Geneva, Switzerland.<br />
Payments/compensations (trailer fees) can be paid out from the management fee for the distribution/marketing of the investment fund to distributors.<br />
Reimbursements/rebates can be granted out of the management fee to institutional investors who hold the Sub-Fund shares for the economic benefit of<br />
third parties.<br />
12. Information for German Registered Shareholders<br />
A list, specifying for each investment within each Sub-Fund the total purchases and sales which occurred during the year under review, may be obtained free<br />
of charge upon request at the registered office of the SICAV and at the office of the German paying and information agent, J.P. <strong>Morgan</strong> AG, Junghofstraße 14,<br />
D-60311 Frankfurt am Main. Additional information on investments within each Sub-Fund’s portfolio is available to shareholders at the registered office of<br />
the SICAV and at the office of the German paying and information agent.<br />
13. Authorisation of Sub-<strong>Funds</strong> in Hong Kong<br />
The following Sub-<strong>Funds</strong> are authorised in Hong Kong and available to Hong Kong Residents:<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - America Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Focus Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Asia Local Currency Debt Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Government Bond Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Asia Pacific Income Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Mining Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Brazil Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Natural Resources Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - China Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Real Estate Securities Fund (USD)<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Eastern Europe Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Unconstrained Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Europe, Middle East and Africa Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Greater China Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Bond Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Hong Kong Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Debt Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - India Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Japan Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Local Currency Debt Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Japan Small Cap Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Opportunities Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Korea Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Middle East Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Latin America Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Euroland Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Pacific Technology Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Euroland Select Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Russia Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Europe Dynamic Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Singapore Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Europe Dynamic Mega Cap Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Taiwan Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Europe Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Aggregate Bond Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Europe Small Cap Fund <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Dynamic Fund (deregistered on 1 March 2013)<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Europe Technology Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Growth Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Germany Equity Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Small Cap Growth Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Consumer Trends Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Technology Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Convertibles Fund (EUR)<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Value Fund<br />
<strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Dynamic Fund<br />
14. Significant Events<br />
a) Sub-Fund Mergers<br />
With effect from 31 May 2013, <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Dynamic Fund merged into <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US Equity Plus Fund (formerly <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - US<br />
Dynamic 130/30 Fund). See also Note 14e.<br />
b) Sub-Fund Currency Changes<br />
With effect from 2 July 2012, the base currency of the Sub-Fund <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Emerging Markets Local Currency Debt Fund changed from EUR to USD.<br />
c) Sub-Fund Name Changes<br />
With effect from 5 December 2012, the following Sub-<strong>Funds</strong> changed their name as follows:<br />
- <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Asia Pacific Bond Fund changed its name into <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Asia Local Currency Debt Fund;<br />
- <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Equity Fund (USD) changed its name into <strong><strong>JP</strong><strong>Morgan</strong></strong> <strong>Funds</strong> - Global Unconstrained Equity Fund.<br />
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