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

JPMorgan Funds - Emerging Markets Equity Fund
Schedule of Investments (Market Value Expressed in USD)
As at 31 December 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
11,814,000 Tsingtao Brewery - H Shares* 99,832,650 1.91
17,006,000 Wumart Stores - H Shares* 27,743,503 0.53
Shares
INDIA
232,441,127 4.46
2,873,698 ACC 51,389,137 0.99 UNITED KINGDOM
6,736,827 Ambuja Cements 19,871,001 0.38 2,334,810 SABMiller 119,719,844 2.29
3,517,000 Asian Paints 27,829,544 0.53 4,350,060 Standard Chartered 97,905,480 1.88
1,949,560 HDFC Bank ADR 67,220,829 1.28
15,145,075 Housing Development Finance 194,985,349 3.74
217,625,324 4.17
914,084 Infosys 51,399,970 0.99
1,106,802 Infosys ADR 62,860,820
CAYMAN ISLANDS
1.20
14,593,940 ITC 75,668,571
309,230 Baidu ADR 54,781,641 1.05
1.45
2,823,370 Kotak Mahindra Bank 33,229,261
8,140,800 Sands China 66,693,017 1.28
0.64
20,142,000 Tingyi Cayman Island Holding 58,186,095 1.12
3,024,170 Larsen & Toubro 52,299,605 1.00
3,564,800 Mahindra & Mahindra 54,266,545 1.05
6,971,200 Mahindra & Mahindra Financial Services 35,987,560 0.69
179,660,753 3.45
4,308,370 Tata Consultancy Services 151,302,662 2.90 INDONESIA
147,181,000 Astra International 82,573,804 1.58
878,310,854 16.84 89,296,066 Bank Rakyat Indonesia Persero 53,034,449 1.02
SOUTH AFRICA
15,102,500 Unilever Indonesia 32,402,404 0.62
3,952,050 Bidvest Group 100,939,781 1.94
1,301,493 Capitec Bank Holdings 25,758,291 0.49
168,010,657 3.22
18,628,637 FirstRand 63,224,240 1.21 MEXICO
1,296,500 Imperial Holdings 24,910,812 0.48 7,286,632 Grupo Financiero Banorte - O Shares 50,596,887 0.97
1,201,950 Kumba Iron Ore 50,368,065 0.97 29,328,302 Wal-Mart de Mexico - V Shares 76,807,678 1.47
2,636,369 Massmart Holdings 32,675,742 0.63
1,805,190 Mr Price Group 28,052,273 0.54
127,404,565 2.44
6,223,182 MTN Group 128,528,854 2.47
2,940,600 Remgro 58,065,755
LUXEMBOURG
1.11
2,446,978 Tenaris ADR 106,480,248 2.04
5,883,919 RMB Holdings 27,089,017 0.52
6,229,130 Shoprite Holdings 96,701,755 1.85
1,601,400 Tiger Brands 40,644,512 0.78
106,480,248 2.04
676,959,097 12.99
BERMUDA
1,814,521 Jardine Matheson Holdings 94,926,666 1.82
BRAZIL
17,413,075 AMBEV ADR 125,635,336 2.41
94,926,666 1.82
8,891,790 CCR 66,072,116 1.27 MALAYSIA
2,122,598 Cielo 58,817,303 1.13 1,195,300 British American Tobacco Malaysia 23,246,097 0.45
5,073,826 Itau Unibanco Holding Preference Shares 67,382,557 1.29 10,853,100 Public Bank 64,188,382 1.23
1,520,460 Lojas Renner 39,419,333 0.75
2,024,000 Marcopolo 4,137,956 0.08
87,434,479 1.68
7,339,168 Marcopolo Preference Shares 15,750,088 0.30
TURKEY
5,020,812 Petroleo Brasileiro ADR 73,429,375 1.41
10,874,879 KOC Holding 44,111,929 0.84
3,401,010 Ultrapar Participa‡ões 80,580,544 1.54
13,214,249 Turkiye Garanti Bankasi 42,672,164 0.82
41,110 Ultrapar Participa‡ões ADR 977,185 0.02
68,988 Vale ADR 1,050,342 0.02
5,873,316 Vale Preference Shares ADR 81,815,292 1.57
86,784,093 1.66
4,348,930 Weg 57,415,080 1.10 CHILE
1,993,741 Banco Santander Chile ADR 46,683,445 0.90
672,482,507 12.89
HONG KONG
46,683,445 0.90
32,756,800 AIA Group 164,225,455 3.15 THAILAND
11,784,000 China Mobile 122,108,871 2.34 10,116,200 Siam Commercial Bank (Foreign) 44,323,158 0.85
14,275 China Mobile ADR 745,369 0.01
65,599,000 CNOOC 122,076,523 2.34
44,323,158 0.85
14,690,000 Hang Lung Properties 46,462,162 0.89
25,813,500 Sun Art Retail Group 36,352,822 0.70
Total Shares 5,214,260,595 99.99
491,971,202 9.43
Total Transferable Securities Admitted to an
Official Exchange Listing
5,214,260,595 99.99
SOUTH KOREA
202,336 Hyundai Mobis 56,549,947 1.08 Transferable Securities Dealt in on Another Regulated Market
646,701 Hyundai Motor 145,611,733 2.79
355,439 Samsung Electronics GDR 231,835,088 4.45 Investment Funds
433,996,768 8.32
LUXEMBOURG
7,500,000 JPMorgan Liquidity Funds - US Dollar Liquidity Fund
TAIWAN
(JPM US Dollar Liquidity X (dist)) 7,500,000 0.14
22,865,000 Delta Electronics 130,136,924 2.50
9,999,000 President Chain Store 69,146,479 1.33
7,500,000 0.14
32,205,006 Taiwan Semiconductor Manufacturing 113,648,848 2.18
6,271,356 Taiwan Semiconductor Manufacturing ADR 109,623,303 2.10
Total Investment Funds 7,500,000 0.14
422,555,554 8.11
Total Transferable Securities Dealt in on Another
Regulated Market
7,500,000 0.14
RUSSIA
178,400 Magnit 50,121,147 0.96
Total Investments 5,221,760,595 100.13
1,393,200 Magnit Registered Shares GDR 92,299,500 1.77
27,243,345 Sberbank of Russia 84,025,586 1.61
Bank Overdraft (406,507) (0.01)
1,572,930 Sberbank of Russia ADR 19,763,865 0.38
Other Assets/(Liabilities) (6,251,550) (0.12)
246,210,098 4.72
CHINA
Total Net Assets 5,215,102,538 100.00
17,719,062 China Merchants Bank - H Shares* 37,841,615 0.73
7,459,000 Ping An Insurance Group Co. of China - H Shares* 67,023,359 1.29
* Hong Kong Registered Shares.
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