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> - China Fund<br />
Schedule of Investments (Market Value Expressed in USD)<br />
As at 31 December 2013<br />
Quantity/<br />
Nominal<br />
Value<br />
Name of Securities<br />
Maturity/<br />
Coupon<br />
Market<br />
Value<br />
%<br />
of<br />
Net<br />
<strong>Asset</strong>s<br />
Quantity/<br />
Nominal<br />
Value<br />
Name of Securities<br />
Maturity/<br />
Coupon<br />
Market<br />
Value<br />
%<br />
of<br />
Net<br />
<strong>Asset</strong>s<br />
Transferable Securities Admitted to an Official Exchange Listing<br />
Shares and Warrants<br />
CHINA<br />
165,786,000 Agricultural Bank of China - H Shares* 81,566,344 3.72<br />
20,616,000 Angang Steel - H Shares* 15,287,654 0.69<br />
5,020,000 Anhui Conch Cement - H Shares* 18,661,289 0.85<br />
19,226,000 AviChina Industry & Technology - H Shares* 11,157,581 0.51<br />
786,367 BesTV New Media - A Shares 4,796,917 0.22<br />
39,870,000 China Cinda <strong>Asset</strong> Management - H Shares* 24,809,165 1.13<br />
24,628,000 China Coal Energy - H Shares* 13,863,791 0.63<br />
203,897,540 China Construction Bank - H Shares* 154,091,330 7.02<br />
46,156,000 China Eastern Airlines - H Shares* 17,440,719 0.79<br />
16,351,000 China Life Insurance - H Shares* 51,241,189 2.33<br />
6,232,000 China Longyuan Power Group - H Shares* 8,037,038 0.36<br />
10,433,000 China Merchants Bank - H Shares* 22,281,178 1.02<br />
23,061,500 China Minsheng Banking - H Shares* 25,607,036 1.17<br />
19,010,000 China National Building Material - H Shares* 20,483,170 0.93<br />
9,682,000 China Oilfield Services - H Shares* 29,967,114 1.37<br />
3,642,800 China Pacific Insurance Group - H Shares* 14,305,111 0.65<br />
50,835,400 China Petroleum & Chemical - H Shares* 41,531,868 1.89<br />
7,092,000 China Shenhua Energy - H Shares* 22,385,151 1.02<br />
10,934,000 China Shipping Development - H Shares* 8,488,758 0.39<br />
42,666,000 China Telecom - H Shares* 21,596,839 0.98<br />
36,390,304 China Vanke - B Shares 56,738,858 2.58<br />
9,904,146 Chongqing Changan Automobile - B Shares 19,542,363 0.89<br />
11,383,372 Chongqing Changan<br />
Automobile - Warrants 09.10.15 21,529,371 0.98<br />
8,927,000 CSR - H Shares* 7,322,026 0.33<br />
3,960,798 Daqin Railway - A Shares 4,834,869 0.22<br />
1,142,000 Dongjiang Environmental - H Shares* 3,785,017 0.17<br />
2,937,556 GoerTek - Warrants 01.12.14 17,024,142 0.78<br />
4,664,000 Great Wall Motor - H Shares* 25,743,697 1.17<br />
922,153 Gree Electric Appliances - A Shares 4,975,574 0.22<br />
46,418,000 Huaneng Renewables - H Shares* 22,238,928 1.02<br />
194,124,000 Industrial & Commercial Bank of China - H Shares* 131,433,822 5.98<br />
1,663,810 Inner Mongolia Yili Industrial<br />
Group - Warrants 16.07.15 10,740,226 0.49<br />
1,739,157 Jiangsu Kanion Pharmaceutical - A Shares 8,728,822 0.40<br />
1,218,248 Leshi Internet Information & Technology/Beijing - A<br />
Shares 8,208,182 0.38<br />
11,965,000 Lianhua Supermarket Holdings - H Shares* 9,258,328 0.42<br />
28,070,000 Maanshan Iron & Steel - H Shares* 7,583,943 0.35<br />
6,520,000 PICC Property & Casualty - H Shares* 9,686,540 0.44<br />
9,685,500 Ping An Insurance Group Co. of China - H Shares* 87,029,728 3.96<br />
25 SAIC Motor - A Shares 58 0.00<br />
14,700,000 Shanghai Electric Group - H Shares* 5,336,596 0.24<br />
4,346,519 Shanghai International Airport - A Shares 10,277,572 0.47<br />
4,806,000 Tong Ren Tang Technologies - H Shares* 15,340,078 0.70<br />
2,373,189 Weifu High-Technology Group - B Shares 8,321,663 0.38<br />
525,300 Yunnan Baiyao Group - Warrants 03.12.14 8,849,145 0.40<br />
1,457,801 Zhejiang Huace Film & TV- A Shares 7,682,712 0.35<br />
1,425,000 Zhuzhou CSR Times Electric - H Shares* 5,141,071 0.23<br />
1,124,952,573 51.22<br />
CAYMAN ISLANDS<br />
2,930,020 AAC Technologies Holdings 14,236,146 0.65<br />
45,776,000 Anxin-China Holdings 14,522,506 0.66<br />
315,159 Autohome ADR 11,325,239 0.52<br />
1,498,000 Biostime International Holdings 13,339,640 0.61<br />
7,273,500 China Conch Venture Holdings 19,862,571 0.90<br />
14,744,000 China Modern Dairy Holdings 7,976,565 0.36<br />
8,400,000 China Resources Land 20,799,319 0.95<br />
232,838 Ctrip.com International ADR 11,590,676 0.53<br />
927,353 E-House China Holdings ADR 13,428,071 0.61<br />
55,050,000 GCL-Poly Energy Holdings 17,003,231 0.77<br />
32,205,000 Geely Automobile Holdings 15,554,059 0.71<br />
10,932,500 Greentown China Holdings 16,735,504 0.76<br />
24,075,000 Intime Retail Group 25,164,478 1.15<br />
3,392,400 MGM China Holdings 14,459,295 0.66<br />
178,007 New Oriental Education & Technology Group ADR 5,667,743 0.26<br />
130,453 Qihoo 360 Technology ADR 10,862,821 0.49<br />
2,608,800 Sands China 21,372,438 0.97<br />
41,567,000 Sunac China Holdings 24,792,997 1.13<br />
3,305,900 Tencent Holdings 211,295,191 9.62<br />
12,292,000 Tingyi Cayman Island Holding 35,509,060 1.62<br />
114,002 Vipshop Holdings ADR 9,539,687 0.43<br />
32,177,000 Want Want China Holdings 46,517,864 2.12<br />
106,898 YY ADR 5,294,123 0.24<br />
586,849,224 26.72<br />
HONG KONG<br />
968,500 Beijing Enterprises Holdings 9,623,673 0.44<br />
12,981,569 Beijing Tong Ren Tang Chinese Medicine 17,026,161 0.78<br />
5,554,000 China Everbright International 7,442,006 0.34<br />
64<br />
2,070,000 China Merchants Holdings International 7,548,168 0.34<br />
8,163,000 China Mobile 84,587,128 3.85<br />
7,808,000 China Overseas Land & Investment 21,926,362 1.00<br />
8,342,000 China Unicom Hong Kong 12,468,730 0.57<br />
55,495,000 CNOOC 103,273,475 4.70<br />
3,509,000 Galaxy Entertainment Group 31,462,481 1.43<br />
2,281,000 Shanghai Industrial Holdings 8,346,987 0.38<br />
303,705,171 13.83<br />
BERMUDA<br />
47,208,000 Beijing Enterprises Water Group 29,710,094 1.35<br />
12,928,000 Brilliance China Automotive Holdings 21,190,709 0.96<br />
4,698,000 China Gas Holdings 6,906,952 0.31<br />
15,316,000 China Resources Gas Group 52,935,711 2.41<br />
8,054,000 China Water Affairs Group 2,986,194 0.14<br />
30,392,000 Euro-Asia Agricultural Holdings** 392 0.00<br />
5,078,000 Haier Electronics Group 14,702,042 0.67<br />
3,921,000 Orient Overseas International 19,695,767 0.90<br />
7,034,000 Sinopec Kantons Holdings 7,814,951 0.36<br />
155,942,812 7.10<br />
Total Shares and Warrants 2,171,449,780 98.87<br />
Total Transferable Securities Admitted to an<br />
Official Exchange Listing<br />
2,171,449,780 98.87<br />
Total Investments 2,171,449,780 98.87<br />
Cash 21,116,233 0.96<br />
Other <strong>Asset</strong>s/(Liabilities) 3,791,445 0.17<br />
Total Net <strong>Asset</strong>s 2,196,357,458 100.00<br />
* Hong Kong Registered Shares.<br />
** This Security is fair valued.<br />
Allocation of Portfolio as at 31 December 2013 (Unaudited)<br />
% of<br />
Net <strong>Asset</strong>s<br />
Shares and Warrants<br />
Financials 35.17<br />
Consumer Discretionary 13.02<br />
Information Technology 11.38<br />
Energy 9.45<br />
Industrials 6.55<br />
Consumer Staples 5.62<br />
Utilities 5.53<br />
Telecommunication Services 5.40<br />
Materials 4.47<br />
Health Care 2.28<br />
Total Shares and Warrants 98.87<br />
Cash and Other <strong>Asset</strong>s/(Liabilities) 1.13<br />
Total 100.00<br />
Allocation of Portfolio as at 30 June 2013<br />
% of<br />
Net <strong>Asset</strong>s<br />
Shares and Warrants<br />
Financials 34.46<br />
Information Technology 15.69<br />
Consumer Discretionary 13.29<br />
Energy 12.98<br />
Utilities 5.18<br />
Telecommunication Services 5.16<br />
Consumer Staples 3.67<br />
Industrials 2.67<br />
Materials 2.64<br />
Health Care 2.22<br />
Total Shares and Warrants 97.96<br />
Cash and Other <strong>Asset</strong>s/(Liabilities) 2.04<br />
Total 100.00