JPMorgan Investment Funds

JPMorgan Investment Funds - US Market Neutral Fund
Schedule of Investments (Market Value Expressed in USD)
As at 30 June 2010
Quantity/
Nominal
Value
Name of Securities
Maturity/
Coupon
Market
Value
% of
Net
Assets
Transferable Securities Dealt in on Another Regulated Market
Bonds
UNITED STATES OF AMERICA
850,000 Fannie Mae Discount Notes 07.07.10/0.000% 849,974 8.68
1,300,000 Fannie Mae Discount Notes 14.07.10/0.000% 1,299,912 13.27
750,000 Fannie Mae Discount Notes 02.08.10/0.000% 749,932 7.65
225,000 Fannie Mae Discount Notes 10.11.10/0.000% 224,751 2.29
100,000 Federal Home Loan Banks 26.10.10/0.270% 100,040 1.02
750,000 Freddie Mac Discount Notes 12.07.10/0.000% 749,955 7.65
900,000 Freddie Mac Discount Notes 19.07.10/0.000% 899,977 9.19
500,000 Freddie Mac Discount Notes 07.09.10/0.000% 499,835 5.10
500,000 US Treasury 15.07.10/0.000% 499,992 5.10
550,000 US Treasury 12.08.10/0.000% 549,890 5.61
325,000 US Treasury 02.09.10/0.000% 324,893 3.32
600,000 US Treasury 14.10.10/0.000% 599,572 6.12
400,000 US Treasury 28.10.10/0.000% 399,686 4.08
7,748,409 79.08
Total Bonds 7,748,409 79.08
Total Transferable Securities Dealt in on Another
Regulated Market
7,748,409 79.08
Total Investments 7,748,409 79.08
Cash 2,394,684 24.44
Other Assets/(Liabilities) (344,672) (3.52)
Total Net Assets 9,798,421 100.00
Investors should note that the above schedule of investments does not reflect the full economic
market exposure of the fund as this is gained using derivatives. Details of the derivatives entered
into at the period end are shown on the next page. Further details on the derivatives that can be
used are shown in note 2 on pages 24-25 of the accounts and the objective of the fund is shown on
page 165.
Allocation of Portfolio as at 30 June 2010 (Unaudited)
Fixed Income Securities
% of
Net Assets
United States of America 79.08
Total Fixed Income Securities 79.08
Cash and Other Assets/(Liabilities) 20.92
Total 100.00
Allocation of Portfolio as at 31 December 2009
Fixed Income Securities
% of
Net Assets
United States of America 55.65
Total Fixed Income Securities
Investment Funds
55.65
United States of America 18.41
Total Investment Funds 18.41
Cash and Other Assets/(Liabilities) 25.94
Total 100.00
152
Quantity/
Nominal
Value
Name of Securities
Maturity/
Coupon
Market
Value
% of
Net
Assets