Jpmorgan Funds - Fundsupermart.com

JPMorgan Funds - Emerging Europe, Middle East and Africa Equity Fund
Schedule of Investments (Market Value Expressed in USD)
As at 30 June 2008
Quantity/
Nominal
Value
Name of Securities
Maturity/
Coupon
Market
Value
% of
Net
Assets
Transferable Securities Admitted to an Official Exchange Listing
Shares and Warrants
RUSSIA
203,680 Chelyabinsk Zink Plant 1,731,280 0.16
35,283 Chelyabinsk Zink Plant GDR 276,972 0.03
513,061 Cherkizovo Group Registered Shares GDR 7,788,266 0.71
1,210,545 Comstar United Telesystems GDR 12,395,981 1.13
688,010 DIXY Group 10,320,150 0.95
296,059 Gazpromneft ADR 11,886,769 1.09
2,394,000 Lenenergo 4,598,736 0.42
475,118 Magnit OAO 22,211,766 2.03
760 Magnit OAO Registered Shares GDR 8,208 0.00
2,048,811 Magnitogorsk Iron & Steel Works Registered Shares
GDR 35,710,776 3.27
475,857 Mechel ADR 23,507,336 2.15
1,875,760 MMC Norilsk Nickel ADR 47,306,667 4.33
322,530 Mobile Telesystems ADR 24,931,569 2.28
19,503 Novolipetsk Steel Registered Shares GDR 1,107,770 0.10
92,499 Novolipetsk Steel Registered Shares GDR 5,249,318 0.48
56,060 OAO Pharmacy Chain 36.6 2,256,415 0.20
9,433 Open Investments 3,491,268 0.32
352,645 RBC Information Systems 2,997,482 0.27
109,095 RBC Information Systems ADR 3,818,325 0.35
1,686,835 RTM 3,278,477 0.30
22,849,183 Sberbank 72,660,402 6.63
154,298 Severstal 4,058,037 0.37
528,111 Severstal Registered Shares GDR 13,752,010 1.26
171,656 Severstal-Avto 10,127,704 0.93
303,535 Sistema JSFC Registered Shares GDR 9,130,333 0.84
792,497 Sistema-Hals Registered Shares GDR 5,468,229 0.50
859,711 Sitronics Registered Shares GDR 5,407,582 0.49
184,638 Tatneft Registered Shares GDR 27,834,179 2.55
373,312,007 34.14
SOUTH AFRICA
2,442,901 African Bank Investments 7,444,028 0.68
413,228 African Rainbow Minerals 14,666,128 1.34
66,530 Anglo Platinum 11,525,163 1.05
115,808 AngloGold Ashanti ADR 3,936,314 0.36
627,449 ArcelorMittal South Africa 18,274,630 1.67
1,611,651 Aveng 11,974,122 1.09
772,068 Distribution and Warehousing Network 1,232,013 0.11
4,215,207 FirstRand 7,194,490 0.66
763,444 Impala Platinum Holdings 31,040,069 2.84
646,967 Massmart Holdings 5,048,777 0.46
2,618,398 MTN Group 42,467,826 3.88
414,791 Naspers - N Shares 9,134,150 0.84
7,728,815 Netcare 7,301,201 0.67
703,462 Sasol 42,161,561 3.86
1,360,580 Standard Bank Group 13,297,675 1.22
3,410,350 Steinhoff International Holdings 7,061,541 0.65
233,759,688 21.38
ISRAEL
2,257,600 Bank Hapoalim 9,928,324 0.91
8,950 Israel 13,854,621 1.27
1,665,556 Israel Chemicals 38,435,908 3.51
1,158,242 Teva Pharmaceutical Industries ADR 52,624,725 4.81
114,843,578 10.50
TURKEY
1,784,631 Eregli Demir ve Celik Fabrikalari 14,403,332 1.32
3,122,566 KOC Holding 8,502,320 0.78
464,600 Reysas Logistics 1,912,713 0.18
867,583 Tekfen Holding 6,648,417 0.61
575,162 Tupras Turkiye Petrol Rafine 13,011,654 1.19
1,253,454 Turk Telekomunikasyon 4,169,154 0.38
230,415 Turkcell Iletisim Hizmet ADR 3,331,801 0.31
2,734,232 Turkiye Garanti Bankasi 6,285,847 0.57
1,898,900 Turkiye Halk Bankasi 8,901,215 0.81
2,530,459 Turkiye Is Bankasi - C Shares 8,292,867 0.76
75,459,320 6.91
POLAND
29,016 Bank Pekao 2,247,026 0.20
55,820 Bank Pekao Registered Shares GDR 4,322,854 0.39
420,347 KGHM Polska Miedz 19,887,428 1.82
63,101 KGHM Polska Miedz GDR 6,026,146 0.55
265,028 Powszechna Kasa Oszczednosci Bank Polski 5,759,200 0.53
625,960 Telekomunikacja Polska 6,194,181 0.57
44,436,835 4.06
40
Quantity/
Nominal
Value
Name of Securities
Maturity/
Coupon
Market
Value
% of
Net
Assets
UNITED ARAB EMIRATES
1,417,480 Arabtec Holding 6,251,801 0.57
3,639,540 Depa 5,168,147 0.47
7,641,537 DP World 6,571,722 0.60
4,317,798 Emaar Properties 12,754,552 1.17
30,746,222 2.81
IRELAND
3,154,819 Dragon Oil 28,250,242 2.58
28,250,242 2.58
UNITED KINGDOM
158,043 Anglo American 11,056,191 1.01
1,234,621 Hikma Pharmaceuticals 12,311,332 1.13
23,367,523 2.14
NETHERLANDS ANTILLES
2,037,780 Merrill Lynch - Aldar Properties
- Warrants 12.01.10 6,900,127 0.63
100,136 Merrill Lynch - Commercial
Bank of Qatar - Warrants 25.04.10 4,070,346 0.37
760,837 Merrill Lynch - First Gulf Bank -
Warrants 07.10.10 5,530,573 0.51
95,272 Merrill Lynch - Qatar National
Bank - Warrants 26.07.10 6,005,197 0.55
22,506,243 2.06
AUSTRIA
108,450 Raiffeisen International Bank Holding 13,738,210 1.26
13,738,210 1.26
BERMUDA
481,832 EastPharma Registered Shares GDR 3,348,732 0.31
6,789,451 West Siberian Resources SDR 9,283,094 0.85
12,631,826 1.16
CAYMAN ISLANDS
468,891 Eurasia Drilling Registered Shares GDR 12,191,166 1.11
12,191,166 1.11
CYPRUS
1,212,000 Urals Energy 4,157,502 0.38
378,822 XXI Century Investments Public 7,932,788 0.73
12,090,290 1.11
KAZAKHSTAN
307,157 Halyk Savings Bank of Kazakhstan Registered Shares
GDR 4,699,502 0.43
316,605 Zhaikmunai Registered Shares GDR 4,749,075 0.43
9,448,577 0.86
EGYPT
133,017 Orascom Telecom Holding Registered Shares GDR 8,552,993 0.78
8,552,993 0.78
JERSEY
250,370 KazakhGold Group Registered Shares GDR 5,518,155 0.50
5,518,155 0.50
LUXEMBOURG
295,361 Kernel Holding 5,200,311 0.48
5,200,311 0.48
GERMANY
169,095 Deutsche Bank - Arab Bank -
Warrants 22.01.18 5,171,896 0.47
5,171,896 0.47
ISLE OFMAN
1,305,055 Kazakhstan Kagazy Registered Shares GDR 4,371,934 0.40
4,371,934 0.40
UNITED STATES OFAMERICA
161,600 CTC Media 3,988,288 0.36
3,988,288 0.36