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

JPMorgan Funds - Europe Dynamic Fund
Schedule of Investments (Market Value Expressed in EUR)
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
UNITED KINGDOM
106,670 ARM Holdings 985,177 0.64
396,184 Ashtead Group 2,979,055 1.95
137,538 Babcock International Group 1,777,731 1.16
701,127 Barclays 2,273,155 1.49
762,393 Barratt Developments 2,735,503 1.79
63,744 Berkeley Group Holdings 1,590,149 1.04
65,926 British American Tobacco 2,621,207 1.71
746,421 BT Group 2,693,882 1.76
276,573 Countrywide 1,607,373 1.06
525,313 Crest Nicholson Holdings 1,937,290 1.27
168,044 Daily Mail & General Trust - A Shares 1,500,507 0.98
68,585 Diageo 1,511,513 0.99
140,199 easyJet 2,107,598 1.38
243,354 Ferrexpo 373,361 0.24
520,707 GKN 1,833,971 1.20
120,036 GlaxoSmithKline 2,296,432 1.50
1,252,455 ITV 2,059,019 1.35
3,030,074 Lloyds Banking Group 2,234,909 1.46
84,290 Micro Focus International 695,565 0.45
19,387 Next 1,030,293 0.67
284,671 Old Mutual 598,622 0.39
440,298 Partnership Assurance Group 2,470,221 1.62
168,709 Persimmon 2,309,653 1.51
121,899 Prudential 1,534,315 1.00
31,063 Reckitt Benckiser Group 1,700,123 1.12
56,815 Rolls-Royce Holdings 766,529 0.50
81,804 St James’s Place 508,377 0.33
341,029 Standard Life 1,381,908 0.90
2,397,217 Taylor Wimpey 2,665,349 1.74
1,053,489 Thomas Cook Group 1,559,714 1.02
1,393,468 Vodafone Group 3,042,119 1.99
55,380,620 36.21
FRANCE
250,401 AXA 3,752,885 2.45
29,129 BNP Paribas 1,215,990 0.80
22,170 Compagnie Générale des Etablissements Michelin 1,521,638 1.00
105,507 Crédit Agricole 690,491 0.45
274,633 Natixis 885,691 0.58
90,855 Orange 655,473 0.43
13,677 Renault 708,195 0.46
20,705 Sanofi 1,639,008 1.07
65,534 Société Générale 1,736,651 1.14
55,838 Teleperformance 2,076,057 1.36
43,437 Thalès 1,554,827 1.01
22,488 Valeo 1,081,335 0.71
17,518,241 11.46
GERMANY
10,169 Allianz Registered Shares 1,139,691 0.75
11,357 Continental 1,161,821 0.76
27,412 Deutsche Bank Registered Shares 879,103 0.57
120,974 Deutsche Lufthansa Registered Shares 1,869,956 1.22
80,451 Deutsche Post Registered Shares 1,528,368 1.00
31,355 Duerr 1,451,580 0.95
15,153 Hannover Rueckversicherung Registered Shares 833,870 0.55
5,654 Kabel Deutschland Holding 475,784 0.31
20,077 Merck 2,331,442 1.53
5,458 Muenchener Rueckversicherungs Registered Shares 770,397 0.50
83,260 ProSiebenSat.1 Media Preference Shares 2,768,603 1.81
15,210,615 9.95
NETHERLANDS
539,391 Aegon 2,764,379 1.80
42,260 ASML Holding 2,547,855 1.67
82,455 EADS 3,404,155 2.23
605,123 PostNL 1,300,107 0.85
126,292 Royal Dutch Shell - A Shares 3,101,416 2.03
218,859 STMicroelectronics 1,498,418 0.98
14,616,330 9.56
SWITZERLAND
86,149 Crédit Suisse Group Registered Shares 1,746,069 1.15
45,916 Nestlé Registered Shares 2,301,378 1.50
37,220 Novartis Registered Shares 2,010,710 1.31
13,123 Roche Holding - Genussschein 2,460,875 1.61
148,190 UBS Registered Shares 1,929,284 1.26
SWEDEN
279,112 Eniro 570,022 0.37
114,396 NCC - B Shares 1,981,504 1.30
97,393 Svenska Cellulosa - B Shares 1,862,669 1.22
111,897 Swedbank - A Shares 1,929,940 1.26
81,880 Telefonaktiebolaget LM Ericsson - B Shares 710,305 0.46
7,054,440 4.61
IRELAND
8,273,728 Bank of Ireland 1,311,386 0.86
290,333 Ryanair Holdings 2,057,735 1.35
131,612 Smurfit Kappa Group 1,687,595 1.10
5,056,716 3.31
NORWAY
21,902 Fred Olsen Energy 661,330 0.43
2,566,008 Marine Harvest 1,998,584 1.31
40,930 Norwegian Air Shuttle 1,366,395 0.89
104,465 SpareBank 1 SMN 614,109 0.40
4,640,418 3.03
DENMARK
70,307 GN Store Nord 1,014,169 0.67
118,018 Pandora 3,048,804 1.99
4,062,973 2.66
ITALY
85,495 Azimut Holding 1,181,541 0.77
97,365 Banca Generali 1,581,208 1.03
11,424 ENI 180,556 0.12
2,943,305 1.92
BELGIUM
68,294 bpost 978,994 0.64
38,128 Delhaize Group 1,795,066 1.17
2,774,060 1.81
SPAIN
67,433 Repsol 1,089,717 0.71
1,812 Repsol RFD 29,291 0.02
154,067 Telefonica 1,516,019 1.00
2,635,027 1.73
AUSTRIA
40,186 OMV 1,386,216 0.90
43,708 Voestalpine 1,174,434 0.77
2,560,650 1.67
BERMUDA
108,818 Lancashire Holdings 991,675 0.65
991,675 0.65
Total Shares 145,893,386 95.40
Total Transferable Securities Admitted to an
Official Exchange Listing
145,893,386 95.40
Transferable Securities Dealt in on Another Regulated Market
Investment Funds
LUXEMBOURG
3,700,000 JPMorgan Liquidity Funds - Euro Liquidity Fund (JPM
Euro Liquidity X (flex dist)) 3,700,000 2.42
3,700,000 2.42
Total Investment Funds 3,700,000 2.42
Total Transferable Securities Dealt in on Another
Regulated Market
3,700,000 2.42
Total Investments 149,593,386 97.82
Cash 1,900,839 1.24
Other Assets/(Liabilities) 1,426,006 0.94
Total Net Assets 152,920,231 100.00
10,448,316 6.83
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