Jpmorgan Funds - Fundsupermart.com

JPMorgan Funds - Middle East Equity Fund
Schedule of Investments (Market Value Expressed in USD)
As at 31 December 2007
Quantity/
Nominal
Value
Name of Securities Maturity/
Coupon
Market
Value
% of
Net
Assets
Transferable Securities Admitted to an Official Exchange Listing
QATAR
Shares and Warrants
172,700 Commercial Bank of Qatar
83,250 Qatar National Bank
8,721,120
4,986,263
1.31
0.75
TURKEY
94,500 United Development 1,025,565 0.15
3,353,305 Akbank
853,500 Arcelik
25,244,991
5,663,136
3.78
0.85
14,732,948 2.21
42,300 BIM Birlesik Magazalar
711,552 Haci Omer Sabanci Holding
824,462 Hurriyet Gazetecilik
3,706,265
3,843,609
2,510,803
0.56
0.58
0.38
UNITED KINGDOM
1,014,443 Hikma Pharmaceuticals 9,579,174 1.44
1,699,506 Is Finansal Kiralama
1,657,653 Karsan Otomotiv Sanayi Ve Ticaret
3,983,900 KOC Holding
423,388 Migros Turk
1,454,348 Reysas Logistics
3,180,565
3,807,293
19,994,905
8,211,685
7,484,841
0.48
0.57
3.00
1.23
1.12
JORDAN
88,900 Arab Bank
484,231 DAR AL Dawa Development & Investment
9,579,174
3,677,927
3,224,783
1.44
0.56
0.48
1,266,244 Tekfen Holding
1,114,300 Tofas Turk Otomobil Fabrikasi
6,624,474
5,782,170
0.99
0.87
6,902,710 1.04
291,900 Tupras Turkiye Petrol Rafine
547,300 Turcas Petrolculuk
984,765 Turk Ekonomi Bankasi
8,194,207
4,446,187
2,462,855
1.23
0.67
0.37
OMAN
246,922 Bank Muscat SAOG Registered Shares GDR 4,764,520 0.72
3,723,640 Turk Sise ve Cam Fabrikalari
1,746,754 Turkcell Iletisim Hizmet
3,612,320 Turkiye Garanti Bankasi
4,041,251 Turkiye Is Bankasi - C Shares
7,412,120
19,019,566
33,187,066
25,611,263
1.11
2.86
4.98
3.85
BERMUDA
307,952 EastPharma Registered Shares GDR
4,764,520
3,202,701
0.72
0.47
2,503,729 Turkiye Vakiflar Bankasi Tao - D Shares
4,833,327 Yapi ve Kredi Bankasi
8,647,135
17,021,797
1.30
2.56
3,202,701 0.47
222,056,933 33.34
Total Shares and Warrants 623,841,982 93.66
EGYPT
2,109,675 Al Arafa Investments and Consulting 3,797,415 0.56
Total Transferable Securities Admitted to an
Official Exchange Listing
623,841,982 93.66
433,300 Commercial International Bank
1,399,300 Credit Agricole Egypt
7,202,879
6,727,258
1.08
1.01 Transferable Securities Dealt in on Another Regulated Market
891,200 EFG-Hermes Holding
742,242 Ghabbour Auto
10,283,820
7,678,550
1.54
1.15
Investment Funds
807,680 National Societe General Bank 6,566,504 0.99 LUXEMBOURG
458,769 Orascom Construction Industries
639,856 Orascom Hotels & Development
47,171,565
9,240,052
7.08
1.39
19,078,223 JPMorgan Liquidity Funds - US Dollar Liquidity
Fund (JPM US Dollar Liquidity X (dist.)) 19,078,223 2.86
341,337 Orascom Telecom Holding Registered Shares GDR
229,000 Six of October Development & Investment
27,716,564
9,371,003
4.16
1.41
19,078,223 2.86
2,276,606 Talaat Moustafa Group
2,703,800 Telecom Egypt
4,845,243
10,160,622
0.73
1.53
Total Investment Funds 19,078,223 2.86
150,761,475 22.63
Total Transferable Securities Dealt in on
Another Regulated Market
19,078,223 2.86
ISRAEL
72,700 Africa Israel Investments 6,686,674 1.00
Total Investments 642,920,205 96.52
1,790,700 Bank Hapoalim
1,343,307 Bank Leumi Le-Israel
8,828,761
6,369,965
1.33
0.96
Cash 23,907,990 3.59
5,174,984 Bezeq Israeli Telecommunication
165,200 Excellence Investments
9,467,444
2,901,229
1.42
0.44
Other Assets/(Liabilities) (751,526) (0.11)
8,200 Israel
546,000 Israel Chemicals
8,980,650
7,168,715
1.35
1.08
Total Net Assets 666,076,669 100.00
4,289,700 Israel Discount Bank - A Shares 10,781,800 1.62
872,400 Makhteshim-Agan Industries 7,753,916 1.16
606,981 Mizrahi Tefahot Bank
172,800 Ormat Industries
1,281,598 Teva Pharmaceutical Industries ADR
4,683,901
2,620,533
59,965,970
0.70
0.39
9.00
Allocation of Portfolio as at 31 December 2007 (Unaudited)
%of
Net Assets
136,209,558 20.45
Shares and Warrants
Financials 47.87
MOROCCO
Health Care 11.41
19,800 Attijariwafa Bank
7,100 Banque Marocaine du Commerce Exterieur
15,000 Brasseries Maroc
13,800 Douja Promotion Groupe Addoha
321,200 Maroc Telecom
38,500 ONA
7,701,610
2,524,712
3,429,485
5,862,050
6,053,064
7,739,737
1.16
0.38
0.51
0.88
0.91
1.16
Telecommunication Services
Industrials
Consumer Discretionary
Investment Companies
Consumer Staples
Materials
Energy
10.87
10.60
6.99
2.86
2.30
2.24
1.38
33,310,658 5.00 Total Shares and Warrants 96.52
UNITED ARAB EMIRATES
Cash and Other Assets/(Liabilities) 3.48
2,945,900 Arabtec Holding
5,096,176 DP World
7,538,784
5,809,641
1.14
0.87
Total
100.00
3,078,264 Emaar Properties 12,738,107 1.91
26,086,532 3.92
NETHERLANDS ANTILLES
2,815,200 Merrill Lynch - Aldar Properties
- Warrants 12.01.10 9,227,381 1.38
517,000 Merrill Lynch - First Gulf Bank
- Warrants 07.10.10 3,173,895 0.48
1,645,000 Merrill Lynch - Sorouh Real
Estate - Warrants 12.01.10 3,833,497 0.58
16,234,773 2.44
176
Quantity/
Nominal
Value
Name of Securities Maturity/
Coupon
Market
Value
% of
Net
Assets