Jpmorgan Funds - Fundsupermart.com

JPMorgan Funds - Global Natural Resources Fund
Schedule of Investments (Market Value Expressed in EUR) (continued)
As at 31 December 2007
Quantity/
Nominal
Value
Name of Securities Maturity/
Coupon
Market
Value
% of
Net
Assets
IRELAND
2,852,000 African Diamonds 3,635,033 0.17
6,945,833 Aminex 2,477,668 0.12
6,088,788 Galantas Gold 678,661 0.03
11,742,000 Glencar Mining 1,102,377 0.05
6,541,759 Kenmare Resources 4,834,171 0.23
2,520,000 Maple Energy 3,382,725 0.16
6,615,859 Ormonde Mining 1,027,124 0.05
6,169,546 Petroceltic International 744,516 0.03
38,586,100 Providence Resources 3,302,132 0.16
1,344,423 West African Diamonds 397,031 0.02
12,038,346 0.57
PERU
5,053,890 Minsur 9,776,687 0.46
9,776,687 0.46
CAYMAN ISLANDS
10,228,800 Commoditrade 3,843,193 0.18
2,800,000 Leaf Clean Energy 4,062,307 0.19
930,500 Niger Uranium 334,344 0.02
8,239,844 0.39
BRITISH VIRGIN ISLANDS
1,941,380 Mineral Securities GBP 1,881,147 0.09
2,061,500 Mineral Securities AUD 2,007,730 0.09
2,521,000 Titanium Resources Group 2,675,806 0.13
6,564,683 0.31
HONG KONG
5,600,000 CNOOC 6,294,061 0.30
6,294,061 0.30
SINGAPORE
4,095,000 Straits Asia Resources 5,837,830 0.27
5,837,830 0.27
FRANCE
290,000 Recylex 4,335,500 0.20
4,335,500 0.20
ISRAEL
643,100 Metal-Tech (Israel) 959,184 0.05
959,184 0.05
140
Quantity/
Nominal
Value
Name of Securities Maturity/
Coupon
UNITED ARAB EMIRATES
583,123 Indago Petroleum 521,837 0.02
521,837 0.02
NEW ZEALAND
30,168 Allied Medical 3,605 0.00
3,605 0.00
Total Shares and Warrants 2,096,725,793 98.46
Bonds
RUSSIA
96,844 MMC Norilsk Nickel ADR
21,581,438
17,733,253
1.02
0.83
UNITED KINGDOM
3 Eurasia Mining 31.03.08/0.031% 26,440 0.00
17,733,253 0.83
26,440 0.00
INDONESIA
Total Bonds 26,440 0.00
13,500,000 Bumi Resources
1,553,000 International Nickel Indonesia
5,870,556
10,833,441
0.28
0.51
Convertible Bonds
CANADA
16,703,997 0.79 2,000,000 Western Canadian Coal 24.03.11/7.500% 1,029,967 0.05
INDIA
901,400 Sterlite Industries India ADR 16,045,478 0.75
1,029,967 0.05
16,045,478 0.75
Total Convertible Bonds 1,029,967 0.05
NETHERLANDS
81,696 Advanced Metallurgical Group 4,125,648 0.20
Total Transferable Securities Admitted to an
Official Exchange Listing
2,097,782,200 98.51
1,008,983 Bateman Engineering
771,263 Vimetco Registered Shares GDR
4,747,274
4,961,326
0.22
0.23
Transferable Securities Dealt in on Another Regulated Market
Investment Funds
GUERNSEY
3,800,000 Central Rand Gold
486,000 Origo Resource Partners -
Warrants
4,033,800 Shanta Gold
2,336,200 Tethys Petroleum
14.12.12
13,834,248
6,028,377
214,166
913,402
4,882,401
0.65
0.28
0.01
0.04
0.23
LUXEMBOURG
33,650,527 JPMorgan Liquidity Funds - Euro Liquidity Fund
(JPM Euro Liquidity X (dist.))
GUERNSEY
2,430,000 Origo Resource Partners
33,650,527
33,650,527
3,492,554
1.58
1.58
0.16
Market
Value
% of
Net
Assets
3,492,554 0.16
Total Investment Funds 37,143,081 1.74
Total Transferable Securities Dealt in on
Another Regulated Market
37,143,081 1.74
Total Investments 2,134,925,281 100.25
Bank Overdraft (1,216,091) (0.06)
Other Assets/(Liabilities) (4,014,534) (0.19)
Total Net Assets 2,129,694,656 100.00
Allocation of Portfolio as at 31 December 2007 (Unaudited)
Fixed Income Securities
%of
Net Assets
Canada 0.05
United Kingdom 0.00
Total Fixed Income Securities
Shares and Warrants
0.05
Materials 72.12
Energy 21.55
Industrials 2.28
Investment Companies 1.74
Consumer Staples 1.36
Financials 1.13
Utilities 0.02
Health Care 0.00
Total Shares and Warrants 100.20
Bank Overdraft and Other Assets/(Liabilities) (0.25)
Total
100.00