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

JPMorgan Funds - Brazil Equity Fund
Schedule of Investments (Market Value Expressed in USD)
As at 30 June 2013
Quantity/
Nominal
Value
Name of Securities
Market
Value
%
of
Net
Assets
Quantity/
Nominal
Value
Name of Securities
Market
Value
%
of
Net
Assets
Transferable Securities Admitted to an Official Exchange Listing
Shares
BRAZIL
3,054,788 Banco Bradesco ADR 38,933,273 9.50
621,750 Banco do Estado do Rio Grande do Sul Preference
B Shares 4,106,634 1.00
911,570 BB Seguridade Participações 7,026,412 1.71
2,502,800 BM&F Bovespa 13,792,614 3.37
1,151,490 BR Properties 9,752,690 2.38
1,936,900 Brasil Brokers Participações 5,704,700 1.39
416,449 BRF - Brasil Foods 8,922,704 2.18
379,418 BRF - Brasil Foods ADR 8,144,207 1.99
86,000 Cia Brasileira de Distribuicao Grupo Pao de
Acucar ADR 3,857,960 0.94
607,340 Cielo 15,047,056 3.67
4,000 Companhia de Bebidas das Americas 144,186 0.04
408,995 Companhia de Bebidas das Americas Preference
Shares ADR 14,967,172 3.65
1,533,694 Companhia Energética de Minas Gerais Preference
Shares 13,461,859 3.28
2,127,311 Duratex 12,287,286 3.00
806,527 Embraer ADR 29,740,683 7.26
475,130 Gerdau Preference Shares 2,682,427 0.65
1,175,800 Iochpe-Maxion 12,713,707 3.10
93,390 Itau Unibanco Holding 1,195,070 0.29
599,962 Itau Unibanco Holding Preference Shares 7,627,572 1.86
2,487,840 Itau Unibanco Holding Preference Shares ADR 31,608,007 7.71
7,260,798 Itausa - Investimentos Itau Preference Shares 26,474,378 6.46
197,669 Itausa - Investimentos Itau Preference Shares
(Receipts June 13) 721,630 0.18
711,590 Localiza Rent A CAR 10,276,106 2.51
609,201 Lojas Renner 17,328,122 4.23
698,300 LPS Brasil Consultoria de Imoveis 5,599,013 1.37
1,319,440 Marcopolo Preference Shares 7,520,263 1.84
621,300 Mills Estruturas e Servicos de Engenharia 8,327,363 2.03
610,400 Multiplus 9,052,054 2.21
1,735,000 Odontoprev 7,210,977 1.76
1,158,875 Randon Participações Preference Shares 6,235,410 1.52
400,590 Souza Cruz 4,875,081 1.18
610,020 Valid Solucoes e Servicos de Seguranca em Meios de
Pagamento e Identificacao 8,776,438 2.14
Allocation of Portfolio as at 30 June 2013
% of
Net Assets
Shares
Financials 39.25
Industrials 23.87
Consumer Discretionary 10.69
Consumer Staples 9.98
Investment Companies 6.38
Utilities 3.28
Materials 0.65
Total Shares 94.10
Cash and Other Assets/(Liabilities) 5.90
Total 100.00
Allocation of Portfolio as at 31 December 2012 (Unaudited)
% of
Net Assets
Shares
Financials 38.09
Industrials 17.22
Consumer Staples 13.88
Consumer Discretionary 13.79
Materials 6.37
Energy 3.62
Utilities 2.56
Telecommunication Services 1.74
Investment Companies 0.26
Total Shares 97.53
Cash and Other Assets/(Liabilities) 2.47
Total 100.00
354,113,054 86.40
BERMUDA
385,970 Wilson Sons BDR 4,292,217 1.05
4,292,217 1.05
UNITED KINGDOM
951,180 JPMorgan Brazil Investment Trust 1,110,669 0.27
1,110,669 0.27
Total Shares 359,515,940 87.72
Total Transferable Securities Admitted to an
Official Exchange Listing
359,515,940 87.72
Transferable Securities Dealt in on Another Regulated Market
Investment Funds
LUXEMBOURG
26,153,324 JPMorgan Liquidity Funds - US Dollar Liquidity Fund
(JPM US Dollar Liquidity X (dist)) 26,153,324 6.38
26,153,324 6.38
Total Investment Funds 26,153,324 6.38
Total Transferable Securities Dealt in on Another
Regulated Market
26,153,324 6.38
Total Investments 385,669,264 94.10
Cash 23,233,777 5.67
Other Assets/(Liabilities) 965,207 0.23
Total Net Assets 409,868,248 100.00
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