JPMorgan <strong>Funds</strong> - Middle East Equity Fund Schedule of Investments (Market Value Expressed in USD) (continued) As at 31 December 2007 Quantity/ Nominal Value Name of Securities Maturity/ Coupon Market Value % of Net Assets Allocation of Portfolio as at 30 June 2007 Shares %of Net Assets Financials 34.09 Industrials 16.58 Tele<strong>com</strong>munication Services 15.28 Health Care 14.06 Consumer Discretionary 7.64 Consumer Staples 5.07 Investment Companies 2.23 Materials 2.01 Energy 0.64 Total Shares 97.60 Cash and Other Assets/(Liabilities) 2.40 Total 100.00 177 Quantity/ Nominal Value Name of Securities Maturity/ Coupon Market Value % of Net Assets
JPMorgan <strong>Funds</strong> - Russia Fund Schedule of Investments (Market Value Expressed in USD) As at 31 December 2007 Quantity/ Nominal Value Name of Securities Market Value % of Net Assets Transferable Securities Admitted to an Official Exchange Listing UNITED KINGDOM Shares 72,600 Imperial Energy 2,007,300 Ukrproduct Group 2,144,595 3,298,631 0.25 0.40 RUSSIA 61,031 Aeroflot - Russian International Airlines Registered Shares GDR 390,100 Bank St. Petersburg 183,680 Chelyabinsk Zink Plant 23,153,535 2,086,849 2,061,808 2.77 0.26 0.26 NETHERLANDS 1,588,843 AMTEL Vredestein Registered Shares GDR 5,443,226 4,544,091 0.65 0.54 505,419 Chelyabinsk Zink Plant GDR 743,841 Cherkizovo Group Registered Shares GDR 2,289,348 Comstar United Telesystems GDR 486,900 DIXY Group 5,761,777 10,287,321 27,701,111 7,108,740 0.70 1.23 3.32 0.85 UNITED STATES OF AMERICA 481,708 BMB Munai 4,544,091 3,008,514 0.54 0.36 144,373 Fifth Power Generation GDR 559,821 Gazpromneft ADR 1,273,262 17,522,397 0.15 2.10 3,008,514 0.36 155,389 Lebedyansky 119,400 Magnit OAO 13,961,162 6,029,700 1.67 0.72 Total Shares 770,648,823 92.31 1,440,427 Magnitogorsk Iron & Steel Works Registered Shares GDR 496,991 Mechel ADR 24,147,030 49,284,112 2.89 5.90 Total Transferable Securities Admitted to an Official Exchange Listing 770,648,823 92.31 275,643 MMC Norilsk Nickel ADR 169,589 OAO Pharmacy Chain 36.6 74,147,967 12,227,367 8.88 1.46 Transferable Securities Dealt in on Another Regulated Market 98,659 Open Investments 152,856 Polyus Gold ADR 202,981 RBC Information Systems ADR 448,158 Rosbusinessconsulting Information Systems 2,216,301 RTM 30,595,493 7,031,376 8,484,606 4,683,251 6,798,636 3.66 0.84 1.02 0.56 0.81 Investment <strong>Funds</strong> LUXEMBOURG 24,450,448 JPMorgan Liquidity <strong>Funds</strong> - US Dollar Liquidity Fund (JPM US Dollar Liquidity X (dist)) 24,450,448 2.93 16,934,563 Sberbank 1,414,745 Severstal Registered Shares GDR 71,294,510 32,185,449 8.54 3.86 24,450,448 2.93 170,130 Severstal-Avto 467,974 Sistema JSFC Registered Shares GDR 9,033,903 19,654,908 1.08 2.35 Total Investment <strong>Funds</strong> 24,450,448 2.93 1,687,430 Sistema-Hals Registered Shares GDR 2,583,732 Sitronics Registered Shares GDR 257,630 Tatneft Registered Shares GDR 411,974 Unified Energy System Registered Shares GDR 16,874,300 14,727,272 31,173,230 53,144,646 2.02 1.76 3.73 6.37 Total Transferable Securities Dealt in on Another Regulated Market Total Investments 24,450,448 795,099,271 2.93 95.24 137,891 Veropharm 6,934,917 0.83 Cash 28,037,131 3.36 589,370,635 70.59 KAZAKHSTAN Other Assets/(Liabilities) 11,684,368 1.40 830,093 Alliance Bank Registered Shares GDR 292,600 Halyk Savings Bank Kazakhstan Registered Shares GDR 4,399,493 4,535,300 0.53 0.54 Total Net Assets 834,820,770 100.00 2,134,458 Kazkommertsbank Registered Shares GDR 29,013,411 3.47 37,948,204 4.54 IRELAND 4,124,060 Dragon Oil 28,361,304 3.40 28,361,304 3.40 CAYMAN ISLANDS 664,274 Eurasia Drilling Registered Shares GDR 18,001,825 2.16 18,001,825 2.16 BRITISH VIRGIN ISLANDS 12,127,092 European Minerals 16,754,413 2.01 16,754,413 2.01 ISLE OF MAN 2,399,017 Kazakhstan Kagazy Registered Shares GDR 12,546,859 1.50 12,546,859 1.50 JERSEY 475,246 Kazakhgold Registered Shares GDR 11,904,912 1.43 11,904,912 1.43 MALAYSIA 2,120,904 Steppe Cement 11,554,360 1.38 11,554,360 1.38 AUSTRIA 71,616 Raiffeisen International Bank Holding 10,985,766 1.32 10,985,766 1.32 LUXEMBOURG 137,420 Evraz Group Registered Shares GDR 10,581,340 1.27 10,581,340 1.27 CYPRUS 336,201 XXI Century Investments Public 9,643,374 1.16 9,643,374 1.16 178 Quantity/ Nominal Value Name of Securities Market Value % of Net Assets Allocation of Portfolio as at 31 December 2007 (Unaudited) Shares %of Net Assets Materials 30.90 Financials 22.31 Energy 12.00 Utilities 6.52 Tele<strong>com</strong>munication Services 5.67 Consumer Staples 4.87 Information Technology 3.34 Investment Companies 2.93 Industrials 2.77 Health Care 2.30 Consumer Discretionary 1.63 Total Shares 95.24 Cash and Other Assets/(Liabilities) 4.76 Total 100.00 Allocation of Portfolio as at 30 June 2007 Shares %of Net Assets Materials 37.58 Financials 19.83 Tele<strong>com</strong>munication Services 10.81 Energy 9.16 Consumer Staples 7.74 Utilities 3.69 Consumer Discretionary 3.07 Industrials 3.01 Information Technology 3.00 Health Care 1.57 Total Shares 99.46 Cash and Other Assets/(Liabilities) 0.54 Total 100.00
Change language