Urevidert Halvårsrapport JPMorgan Funds Société d Investissement à Capital Variable, Luxembourg 31. desember 2010
JPMorgan Funds Urevidert halvårsbetning Innhold Styret 1 Forvaltning og administrasjon 2 Regnskap og statistikk Konsolidert balanse 5 Konsolidert driftsregnskap og endringer i 23 Oversikt over endringer i antall aksjer 39 Statistisk informasjon 51 Noter til urevidert regnskap 64 Investeringsportefølje JPMorgan Funds - Africa Equity Fund 73 JPMorgan Funds - Global Convertibles Fund (EUR) 221 JPMorgan Funds - Aggregate Bond Fund 76 JPMorgan Funds - Global Corporate Bond Fund 225 JPMorgan Funds - America Equity Fund 80 JPMorgan Funds - Global Credit Bond Fund 229 JPMorgan Funds - America Large Cap Fund 83 JPMorgan Funds - Global Duration-Hedged Corporate Bond Fund 232 JPMorgan Funds - Asia Pacific Bond Fund 84 JPMorgan Funds - Global Dynamic Fund 235 JPMorgan Funds - Asia Pacific ex-japan Behavioural Finance Equity Fund 87 JPMorgan Funds - Global Equity Fund (USD) 239 JPMorgan Funds - Brazil Alpha Plus Fund 89 JPMorgan Funds - Global Focus Fund 242 JPMorgan Funds - Corporate Bond Portfolio Fund I 90 JPMorgan Funds - Global Government Bond Fund 246 JPMorgan Funds - Eastern Europe Equity Fund 93 JPMorgan Funds - Global Government Short Duration Bond Fund 249 JPMorgan Funds - Emerging Europe, Middle East and Africa Equity Fund 95 JPMorgan Funds - Global Healthcare Fund 252 JPMorgan Funds - Emerging Markets Alpha Plus Fund 97 JPMorgan Funds - Global Infrastructure Trends Fund 255 JPMorgan Funds - Emerging Markets Bond Fund 100 JPMorgan Funds - Global Natural Resources Fund 258 JPMorgan Funds - Emerging Markets Corporate Bond Fund 105 JPMorgan Funds - Global Real Estate Securities Fund (USD) 261 JPMorgan Funds - Emerging Markets Corporate Bond Portfolio Fund II 108 JPMorgan Funds - Global Research Enhanced Index Equity Fund 264 JPMorgan Funds - Emerging Markets Currency Alpha Fund 110 JPMorgan Funds - Global Short Duration Bond Fund 269 JPMorgan Funds - Emerging Markets Debt Fund 113 JPMorgan Funds - Global Socially Responsible Fund 274 JPMorgan Funds - Emerging Markets Diversified Equity Fund 118 JPMorgan Funds - Global Strategic Bond Fund 276 JPMorgan Funds - Emerging Markets Equity Fund 120 JPMorgan Funds - Highbridge Asia Pacific STEEP Fund 280 JPMorgan Funds - Emerging Markets Infrastructure Equity Fund 122 JPMorgan Funds - Highbridge Europe STEEP Fund 282 JPMorgan Funds - Emerging Markets Investment Grade Bond Fund 124 JPMorgan Funds - Highbridge US STEEP Fund 285 JPMorgan Funds - Emerging Markets Local Currency Debt Fund 127 JPMorgan Funds - Japan Dynamic Fund 287 JPMorgan Funds - Emerging Markets Small Cap Fund 130 JPMorgan Funds - JF ASEAN Equity Fund 288 JPMorgan Funds - Emerging Markets Value Fund 133 JPMorgan Funds - JF Asia Alpha Plus Fund 289 JPMorgan Funds - Emerging Middle East Equity Fund 135 JPMorgan Funds - JF Asia Pacific ex-japan Equity Fund 291 JPMorgan Funds - EU Government Bond Fund 136 JPMorgan Funds - JF China Fund 294 JPMorgan Funds - Euro Aggregate Bond Fund 139 JPMorgan Funds - JF Greater China Fund 295 JPMorgan Funds - Euro Corporate Bond Fund 142 JPMorgan Funds - JF Hong Kong Fund 296 JPMorgan Funds - Euro Government Short Duration Bond Fund 145 JPMorgan Funds - JF India Fund 297 JPMorgan Funds - Euro Money Market Fund 147 JPMorgan Funds - JF Japan Alpha Plus Fund 299 JPMorgan Funds - Euro Short Duration Bond Fund 149 JPMorgan Funds - JF Japan Equity Fund 300 JPMorgan Funds - Euroland Equity Fund 152 JPMorgan Funds - JF Japan Small Cap Fund 301 JPMorgan Funds - Euroland Select Equity Fund 155 JPMorgan Funds - JF Korea Equity Fund 302 JPMorgan Funds - Europe 130/30 Fund 158 JPMorgan Funds - JF Pacific Balanced Fund 304 JPMorgan Funds - Europe Aggregate Plus Bond Fund 161 JPMorgan Funds - JF Pacific Equity Fund 308 JPMorgan Funds - Europe Balanced Fund (EUR) 166 JPMorgan Funds - JF Pacific Technology Fund 311 JPMorgan Funds - Europe Convergence Equity Fund 170 JPMorgan Funds - JF Singapore Fund 312 JPMorgan Funds - Europe Dynamic Fund 171 JPMorgan Funds - JF Taiwan Fund 313 JPMorgan Funds - Europe Dynamic Mega Cap Fund 174 JPMorgan Funds - Latin America Equity Fund 314 JPMorgan Funds - Europe Dynamic Small Cap Fund 175 JPMorgan Funds - Managed Reserves Fund 316 JPMorgan Funds - Europe Equity Fund 177 JPMorgan Funds - Russia Fund 320 JPMorgan Funds - Europe Focus Fund 181 JPMorgan Funds - Sterling Bond Fund 321 JPMorgan Funds - Europe High Yield Bond Fund 184 JPMorgan Funds - Systematic Alpha Fund 324 JPMorgan Funds - Europe Micro Cap Fund 187 JPMorgan Funds - UK Equity Fund 327 JPMorgan Funds - Europe Select 130/30 Fund 189 JPMorgan Funds - US 130/30 Fund 330 JPMorgan Funds - Europe Small Cap Fund 192 JPMorgan Funds - US Aggregate Bond Fund 333 JPMorgan Funds - Europe Strategic Growth Fund 195 JPMorgan Funds - US Dynamic Fund 348 JPMorgan Funds - Europe Strategic Growth Small Cap Fund 200 JPMorgan Funds - US Growth Alpha Plus Fund 350 JPMorgan Funds - Europe Strategic Value Fund 202 JPMorgan Funds - US Select 130/30 Fund 352 JPMorgan Funds - Europe Strategic Value Small Cap Fund 205 JPMorgan Funds - US Short Duration Bond Fund 355 JPMorgan Funds - Europe Technology Fund 207 JPMorgan Funds - US Small and Micro Cap Fund 356 JPMorgan Funds - Germany Equity Fund 209 JPMorgan Funds - US Small Cap Growth Fund 358 JPMorgan Funds - Global Absolute Return Bond Fund 210 JPMorgan Funds - US Strategic Growth Fund 360 JPMorgan Funds - Global Aggregate Bond Fund 214 JPMorgan Funds - US Technology Fund 362 JPMorgan Funds - Global Consumer Trends Fund 219 JPMorgan Funds - US Value Fund 363 Tillegg - Ureviderte tilleggsopplysninger Fondenes kostnadsprosent 366 Oppsummering av investeringsmål for underfondene 380 Resultat og volatilitet 387 Rentesats mottatt/(belastet) på bankkonti 400 Aksjeklasser i underfond underlagt betaling av Taxe d abonnement på 0,01% 400 Porteføljens omløpshastighet 401 Historisk oversikt over endringer i antall aksjer 402 Nærmere opplysninger finner du på www.jpmorganassetmanagement.com Ingen andelstegninger kan mottas kun på bakgrunn av denne rapporten. Andelstegninger er bare gyldige dersom de gjøres på bakgrunn av det aktuelle prospektet, det forenklede prospekt supplert med den nyeste reviderte årsberetningen, samt den siste ureviderte halvårsrapporten, dersom denne er nyere enn årsberetningen. Prospektet, det forenklede prospekt, de ureviderte halvårsrapportene, samt den reviderte årsberetningen fås vederlagsfritt ved henvendelse til SICAVs forretningskontor og fra lokale betalingsenheter. Etter en gjennomgang av informasjonen fra investeringsforvalteren (-ne) i prospektet og det forenklede prospektet vil opplysningene fra investeringsforvalteren (-ne) om det enkelte underfond nå være tilgjengelig fra forvaltningsselskapets forretningskontor eller fra www.jpmorganassetmanagement.com.
JPMorgan Funds Styret Styreformann Iain O.S. Saunders Bankier Duine, Ardfern Argyll PA31 8QN Storbritannia Styremedlemmer Jacques Elvinger Partner Elvinger, Hoss & Prussen 2, place Winston Churchill L-2014 Luxembourg Storhertugdømmet Luxembourg Jean Frijns Professor i finans og investering Antigonelaan 2 NL-5631 LR Eindhoven Nederland Viseformann Pierre Jaans Økonom 3, rue de Kahler L-8356 Garnich Storhertugdømmet Luxembourg Andrea L. Hazen Administrerende direktør JPMorgan Asset Management (UK) Limited 20 Finsbury Street London EC2Y 9AQ Storbritannia Robert Van der Meer Professor i finans 12 Lange Vijverberg NL-2513 AC The Hague Nederland Berndt May Administrerende direktør JPMorgan Asset Management (Europe) S.à r.l. Austrian Branch Führichgasse 8 A-1010 Vienna Østerrike Registrert adresse European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Storhertugdømmet Luxembourg 1
JPMorgan Funds Forvaltning og administrasjon Forvaltningsselskap, registerfører og overføringsagent, global forhandler og lokalt ombud JPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Storhertugdømmet Luxembourg Rådgiver (avviklet 21. oktober 2010) JPMorgan Asset Management Advisory Company S.à r.l. European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Storhertugdømmet Luxembourg Investeringsforvaltere J.P. Morgan Investment Management Inc. 245 Park Avenue New York, NY 10167 USA JPMorgan Asset Management (Japan) Limited Tokyo Building 7-3, Marunouchi 2 - Chome Chiyoda-ku Tokyo 100-6432 Japan JPMorgan Asset Management (UK) Limited 20 Finsbury Street London EC2Y 9AQ Storbritannia JPMorgan Asset Management (Taiwan) Limited 17th Floor, 65 Tun Hwa South Road Section 2, Taipei Taiwan JF Asset Management Limited 21st Floor, Chater House 8 Connaught Road, Central Hong Kong JPMorgan Asset Management (Singapore) Limited 168 Robinson Road 17th Floor, Capital Tower Singapore 068912 Highbridge Capital Management LLC 9 West 57th Street New York, NY 10019 USA Depotansvarlig, selskaps-, administrativt ombud og kursnoteringsombud J.P. Morgan Bank Luxembourg S.A. European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Storhertugdømmet Luxembourg Revisor PricewaterhouseCoopers S.à r.l. 400, Route d Esch B.P. 1443 L-1014 Luxembourg Storhertugdømmet Luxembourg Juridiske rådgivere Elvinger, Hoss & Prussen 2, place Winston Churchill L-2014 Luxembourg Storhertugdømmet Luxembourg 2
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JPMorgan Funds Konsolidert balanse JPMorgan Funds Konsolidert USD Africa Equity Fund USD Aggregate Bond Fund USD America Equity Fund USD Eiendeler Investeringer i papirer til markeds 57.861.850.313 586.675.790 9.989.786 430.070.184 Anskaffelsespris: 46.741.703.913 500.261.751 9.811.366 376.422.366 Investering i TBA-papirer til markeds (1) 26.715.449-1.667.195 - Bankinnskudd 1.149.347.737 19.963.226 357.051 5.855.300 Termininnskudd 94.744.964 - - - Tilgodehavende fra salg av investeringer 127.311.346 - - 229.859 Tilgodehavende fra salg av TBA-papirer (1) 19.055.426-245.656 - Tilgodehavende fra tegninger 304.241.141 11.477.099-3.977.422 Tilgodehavende fra renter og utbytte, 121.942.507 28.289 95.973 290.148 Skatt som kan kreves refundert 1.986.655 - - 19.038 Frafalt honorar (2) 1.626.543 66.782 9.758 1.165 Andre fordringer 351.603 37.027-40 Urealisert gevinst på valutaterminforretninger 49.662.693 - - 183.148 Urealisert gevinst på finansielle terminforretninger 5.437.227-4.905 - Derivater til markeds 42.837.200 - - - Sum 59.807.110.804 618.248.213 12.370.324 440.626.304 Gjeld Kassakreditt 59.335.893 - - - Åpne korte posisjoner på TBA-papirer (2) 9.904.267 - - - Skyldig beløp fra kjøp av investeringer 180.787.229 9.340.581-167.608 Skyldig beløp fra kjøp av TBA-papirer (1) 35.901.530-1.917.840 - Skyldig beløp fra innløsninger 149.399.883 664.620-221.782 Godtgjørelse til ledelse og rådgivere 63.993.907 689.130 6.970 513.317 Resultatbaserte honorarer 921.580 27.193 - - Annen gjeld 19.331.130 237.819 11.500 103.958 Urealisert tap på valutaterminforretninger 27.957.158 581 89.383 - Urealisert tap på finansielle terminforretninger 898.352 - - - Derivater til markeds 1.769.600 - - - Sum gjeld 550.200.529 10.959.924 2.025.693 1.006.665 Sum aktiva 59.256.910.275 607.288.289 10.344.631 439.619.639 Historisk sum aktiva 30. juni 2010 44.088.150.386 175.314.359 9.722.718 373.415.446 30. juni 2009 34.590.007.431 8.958.743-337.907.417 30. juni 2008 57.591.091.920 4.761.584-549.614.355 30. juni 2007 89.568.991.703 - - 753.695.199 30. juni 2006 63.483.121.497 - - 827.863.368 (1) Se note 2l). (2) Se note 7a). Vedlagte noter utgjør en integrert del av denne økonomiske redegjørelse. 5
JPMorgan Funds Konsolidert balanse (forts.) America Large Cap Fund USD Asia Pacific Bond Fund USD Asia Pacific ex-japan Behavioural Finance Equity Fund USD Brazil Alpha Plus Fund USD Corporate Bond Portfolio Fund I (3) EUR Eastern Europe Equity Fund EUR Emerging Europe, Middle East and Africa Equity Fund USD 139.828.301 31.460.959 5.172.443 567.388.307 248.081.971 1.201.048.747 969.237.641 117.264.124 31.072.150 4.237.589 492.753.744 247.859.106 977.165.906 783.034.990 - - - - - - - 2.200.394 873.770 117.157 14.018.231 478.396 34.086.760 - - - - - - - - 385.195 - - - 586 375.022 142.289 - - - - - - - 130.797 - - 8.567.584-2.504.739 2.882.991 123.039 346.251 10.187 1.133.990 4.022.893 569.307 278.786 4.905 - - - - - - - 13.529 10.321 53.597 6.649-40.651 - - - 1.488 - - 10.001-147.941 - - 6.604.614 - - - - - - - - - - - - - - - - 142.672.631 32.842.450 5.310.108 591.163.197 259.195.109 1.238.584.575 972.592.359 - - - - - - 358.079 - - - - - - - - - - 260.656-577.948 762.691 - - - - - - - 19.189 99.696-1.955.638 39.175 1.684.989 1.408.642 145.582 18.091 5.749 697.410 170.415 1.573.505 1.107.657 - - - - - - - 32.699 18.456 13.377 188.064 49.781 336.096 363.867 - - - - - - - - - - - - - - - - - - - - - 197.470 136.243 19.126 3.101.768 259.371 4.172.538 4.000.936 142.475.161 32.706.207 5.290.982 588.061.429 258.935.738 1.234.412.037 968.591.423 84.456.730 9.675.813 3.228.209 288.795.857-941.639.605 619.492.702 67.845.478 - - 57.567.211-517.438.764 412.101.960 29.801.575 - - 54.611.582-1.583.655.705 1.093.563.689 43.630.540 - - - - 1.411.797.493 599.428.235 41.129.009 - - - - 1.303.458.118 589.240.340 (3) Dette underfondet ble lansert den 1. juli 2010. 6
JPMorgan Funds Konsolidert balanse (forts.) Emerging Markets Alpha Plus Fund USD Emerging Markets Bond Fund USD Emerging Markets Corporate Bond Fund (4) USD Emerging Markets Corporate Bond Portfolio Fund II (5) USD Emerging Markets Currency Alpha Fund EUR Emerging Markets Debt Fund EUR Emerging Markets Diversified Equity Fund (6) USD 247.991.096 217.508.168 62.893.799 896.110 348.280 241.241.709 38.248.089 214.515.523 215.236.584 62.580.173 896.017 344.997 238.021.625 37.342.133 - - - - - - - 20.059.389 11.345.846 1.782.546 8.773.547 3.443.606 5.721.809 730.880 - - - - - - - - - 5.740 - - - - - - - - - - - 513.300 284.532 2.617.646 598.414-732.808-223.213 4.348.604 982.532 242 700 4.717.050 83.076 - - - - - - - - - 20.136 4.119 10.869 26.243 3.639 1.615-3.594 1.487-2.934-43 - 274.219 124.516-6.169.336 - - - - - - - - - - 2.221-165 951-268.788.656 233.487.150 68.582.433 10.398.435 3.803.620 258.612.840 39.065.684 - - - - - - - - - - - - - - 235.786-2.896.795 - - - 460.226 - - - - - - - 209.713 131.486-294.228-898.905-320.296 120.204 46.344 4.790 4.827 245.435 5.512 - - 82.535 - - - - 45.131 46.682 41.767 6.849 12.155 105.667 7.256-76.162 - - 12.771 - - 141.156 6.645 - - - 113.957-510.665 - - - - - - 1.462.747 381.179 3.067.441 305.867 29.753 1.363.964 472.994 267.325.909 233.105.971 65.514.992 10.092.568 3.773.867 257.248.876 38.592.690 220.474.010 125.177.410 - - 3.772.465 167.809.729-136.755.468 - - - 3.746.871 143.731.454-260.256.515 - - - - 204.005.222-375.656.648 - - - - 251.870.653 - - - - - - 186.643.180 - (4) Dette underfondet ble lansert den 14. juli 2010. (5) Dette underfondet ble lansert den 24. november 2010. (6) Dette underfondet ble lansert den 10. desember 2010. 7
JPMorgan Funds Konsolidert balanse (forts.) Emerging Markets Equity Fund USD Emerging Markets Infrastructure Equity Fund USD Emerging Markets Investment Grade Bond Fund (7) USD Emerging Markets Local Currency Debt Fund EUR Emerging Markets Small Cap Fund USD Emerging Markets Value Fund USD Emerging Middle East Equity Fund USD 9.445.165.974 169.637.465 17.200.780 605.248.353 595.373.397 211.426.063 441.141.603 6.488.584.600 146.359.222 17.399.909 592.397.464 516.250.427 175.556.037 363.243.131 - - - - - - - 52.836.383 6.275.938 223.145 54.171.683 2.896.940 523.579 - - - - - - - - - - - - 626.450-1.439.562 - - - - - - - 14.472.116 1.129.085-1.385.007 3.408.992 20.000 2.451.176 9.463.485 221.314 323.463 12.488.772 295.374 335.535 986 - - - - - - - - 10.052-47.202 5.467 2.852 114.514-6.125-6.288 17.633-6.484 - - 296.932 507.781 22 - - - - - - - - - - - - 1.095.705 - - - 9.521.937.958 177.279.979 18.044.320 674.950.791 602.624.275 212.308.029 445.154.325 - - - - - - 2.472 - - - - - - - - 1.074.617 - - 2.234.693 - - - - - - - - - 18.618.064 135.287-1.449.281 422.633 2.046 2.022.690 8.787.234 208.044 14.406 353.468 706.795 115.638 572.256-116.986-20.112 - - - 1.805.020 61.062 5.331 203.765 259.047 47.312 261.490 - - - - - - - - - 1.164 - - - - - - - - - - - 29.210.318 1.595.996 20.901 2.026.626 3.623.168 164.996 2.858.908 9.492.727.640 175.683.983 18.023.419 672.924.165 599.001.107 212.143.033 442.295.417 6.562.754.178 66.178.907-474.595.650 212.062.695 150.174.353 316.270.641 4.671.128.410 10.052.996-86.488.839 23.557.296-308.246.494 6.604.690.449 4.801.840-5.351.918 7.233.814-709.594.180 6.821.647.444 - - - - - 341.530.509 3.782.245.657 - - - - - 265.944.060 (7) Dette underfondet ble lansert den 29. november 2010. 8
JPMorgan Funds Konsolidert balanse (forts.) EU Government Bond Fund EUR Euro Aggregate Bond Fund EUR Euro Corporate Bond Fund EUR Euro Government Short Duration Bond Fund EUR Euro Money Market Fund (8) EUR Euro Short Duration Bond Fund EUR Euroland Equity Fund EUR 223.818.636 6.729.091 23.560.724 35.790.402 117.713.645 19.310.496 554.709.643 228.169.623 6.696.492 23.704.709 36.207.978 117.713.645 19.512.850 510.577.155 - - - - - - - 414.220 126.491 961.013 1.637.456 111.420-172.602 - - - - 11.700.000 - - - - 104.875 - - - 97.383 - - - - - - - 1.084.651-19.905 21.739 1.079.728 87.000 402.191 4.609.971 146.377 674.272 499.218 172.153 365.407 14.283 - - - - - - 199.234 10.978 5.978 6.323 7.989 9.505 7.201 - - - - - - - - 106.736 - - - - - - 24.302 70 5.475 - - 1.155 - - - - - - - - 230.069.494 7.008.007 25.332.587 37.956.804 130.786.451 19.771.259 555.595.336 - - - - - 2.093 - - - - - - - - - - - - - - 54.555 - - - - - - - 223.778-34.421 8.076 1.070.355-351.733 70.139 4.761 21.808 13.710 57.106 10.323 728.721 - - - - - - - 43.081 7.169 10.488 12.578 44.306 10.555 97.041 - - - - - 1.889 - - - - 5.420 - - - - - - - - - - 336.998 11.930 66.717 39.784 1.171.767 24.860 1.232.050 229.732.496 6.996.077 25.265.870 37.917.020 129.614.684 19.746.399 554.363.286 233.269.722 6.987.080 26.690.639 64.665.022 166.809.115 18.941.263 594.371.470 333.238.481-4.174.621 4.170.155 343.070.452-413.671.939 78.830.308 - - - 461.380.473-1.424.908.906 - - - - 99.718.976-4.685.250.845 - - - - 10.021.587-3.202.176.183 (8) Dette underfondet endret navn fra Euro Liquid Reserve Fund den 2. august 2010. 9
JPMorgan Funds Konsolidert balanse (forts.) Euroland Select Equity Fund EUR Europe 130/30 Fund EUR Europe Aggregate Plus Bond Fund EUR Europe Balanced Fund (EUR) EUR Europe Convergence Equity Fund EUR Europe Dynamic Fund EUR Europe Dynamic Mega Cap Fund EUR 69.205.832 4.930.106 19.279.759 71.409.655 197.913.532 282.270.706 78.779.540 65.051.517 4.368.861 19.670.690 66.539.744 181.521.454 258.556.789 75.328.096 - - - - - - - 209.507 154.721 312.375 2.935.494 1.398.130 578.063 43.443 - - - - - - - - - - - 44.504 10.219 106.947 - - - - - - - - 8 24.715 21.342 9.923.330 1.162.723 8.607 24 7.889 306.623 849.940 217 503.996 97.918 10.427 1.071 22 7.228 58.316 97.507 77.096-17.390 9.782-9.269-4.119 - - - 146 - - - - - 89.002 93.567 - - - - - - 50.841 - - - - 119.243 115 - - - - 69.425.790 5.230.428 20.022.393 75.368.213 209.347.298 284.623.214 79.117.670 - - - - - - - - - - - - - - - - - - 37 842.753 - - - - - - - - - - 41.114 206.543 71.768 225.991 172.393 92.722 7.637 16.725 106.949 236.803 299.064 93.320-6.428 - - - - - 11.420 19.087 13.211 22.299 72.868 65.381 28.843 - - - - - - - 4.650 820 15.794 - - 46.013 - - - - - - - - 108.792 33.972 86.844 335.791 381.476 1.479.202 294.556 69.316.998 5.196.456 19.935.549 75.032.422 208.965.822 283.144.012 78.823.114 7.845.016 4.257.676 24.314.585 73.546.292 152.058.601 258.699.413 108.048.777 7.416.715 4.158.168 18.415.269 80.377.451 120.176.137 260.364.388 314.110.906 4.902.750 5.672.134 50.055.822 122.347.155 304.064.830 631.881.565 572.249.219-7.504.635 174.653.253 157.292.381 504.849.268 1.465.060.727 1.202.156.717 - - 173.312.859 77.878.440 368.646.238 1.376.855.052 249.542.128 10
JPMorgan Funds Konsolidert balanse (forts.) Europe Dynamic Small Cap Fund EUR Europe Equity Fund EUR Europe Focus Fund EUR Europe High Yield Bond Fund EUR Europe Micro Cap Fund EUR Europe Select 130/30 Fund EUR Europe Small Cap Fund EUR 17.127.008 460.127.097 15.478.673 52.636.666 86.913.954 4.800.122 295.303.740 14.499.402 417.807.414 13.436.845 50.516.560 71.888.528 4.231.476 224.689.718 - - - - - - - 196.047 625.229 292.472 2.174.153 303.680 20.190 762.441 - - - - - - - 154.339 15.157 179.343 891.438 40.408 - - - - - - - - - 707 153.960 12.239 109.980 2.004 22.500 466.136 4.127 859.309 6.782 1.149.957 19.324 4.661 273.152 7.515 126.923 10.504-24.232 1.456 72.355 6.204 - - 5.476-17.514 - - 653 283 - - - - - - - 6.481 - - - - - - - - - - - - - 105.548 - - - 17.495.947 461.908.328 15.980.296 57.079.699 87.303.602 4.866.443 296.877.824 - - - - - - - - - - - - - - 449.149 159.050 - - 566.801 - - - - - - - - - 60.766 502.471 157.722 64.263 30.713-403.797 19.669 562.417 29.960 46.962 101.727 6.942 377.057 - - 2.288 - - - - 11.234 94.615 2.307 21.408 22.885 19.077 76.127 - - - - - - - - 48.527 2.382 - - - - - - - - - 41.768-540.818 1.367.080 194.659 132.633 722.126 67.787 856.981 16.955.129 460.541.248 15.785.637 56.947.066 86.581.476 4.798.656 296.020.843 9.562.343 444.504.471 8.022.819 47.009.799 53.206.480 4.177.598 221.762.214 13.239.733 529.429.713 5.484.434 35.783.861 51.051.233 4.116.243 227.604.156 29.136.348 1.877.322.935 28.400.275 55.847.224 69.672.614 5.720.115 469.101.616 181.667.931 6.724.760.335 120.306.237 120.462.285 350.264.462 7.487.132 1.383.590.469 210.032.447 6.201.107.870 11.481.518 56.405.091 177.092.335-1.315.922.955 11
JPMorgan Funds Konsolidert balanse (forts.) Europe Strategic Growth Fund EUR Europe Strategic Growth Small Cap Fund EUR Europe Strategic Value Fund EUR Europe Strategic Value Small Cap Fund EUR Europe Technology Fund EUR Germany Equity Fund EUR Global Absolute Return Bond Fund (9) USD 435.287.780 5.026.027 1.325.228.235 3.922.048 118.876.015 555.085.776 5.538.278 332.424.333 3.955.777 1.204.190.992 3.063.443 100.924.641 496.382.307 5.571.706 - - - - - - 10.517.560 9.286.507 153.421-98.729 532.194 4.773.538 24.433.736 - - - - - - - 1.561.147-5.846.520 - - - - - - - - - - 15.823.152 460.586 8.083 496.557-173.139 3.090.429-202.465 1.360 1.828.364 7.831 51.268 37 57.363 13.573 1.383 448.942 446 6.877 52.675 - - 8.862-5.016 1.421-2.402 - - - - 89 - - 3.483 - - - - - 160.237 - - - - - - 18.662 - - - - - - 46.204 446.815.541 5.199.136 1.333.848.618 4.034.070 119.641.003 563.002.455 56.597.594 - - 2.023.611 - - - - - - - - - - 9.904.267 - - - - - 3.401.209 - - - - - - - 16.427.504 224.436 800 1.659.925-146.607 669.346-531.994 7.630 1.941.706 6.538 154.482 735.937 23.101 - - - - - - 2.211 85.988 10.387 222.005 6.332 40.602 90.838 6.976 - - - - - - - 174.397 - - - - - - - - - - - - - 1.016.815 18.817 5.847.247 12.870 341.691 4.897.330 26.364.059 445.798.726 5.180.319 1.328.001.371 4.021.200 119.299.312 558.105.125 30.233.535 398.966.096 3.021.541 1.390.344.294 3.060.119 94.831.796 286.786.355-471.164.520 2.345.574 1.479.917.716 2.248.054 70.223.758 318.655.742-1.129.640.211 3.679.978 2.794.249.735 3.404.527 113.646.005 550.719.016-2.862.619.054-9.169.138.960-203.196.335 754.261.152-2.173.253.875-6.726.029.589-192.588.759 181.827.675 - (9) Dette underfondet ble lansert den 7. oktober 2010. 12
JPMorgan Funds Konsolidert balanse (forts.) Global Aggregate Bond Fund USD Global Consumer Trends Fund EUR Global Convertibles Fund (EUR) EUR Global Corporate Bond Fund USD Global Credit Bond Fund USD Global Duration-Hedged Corporate Bond Fund (10) EUR Global Dynamic Fund USD 23.827.173 112.021.907 2.232.027.022 463.736.360 24.051.864 20.427.418 1.270.994.212 23.446.800 106.937.501 2.019.824.296 469.077.393 23.844.253 20.901.339 1.032.482.491 3.750.514 - - - - - - 862.830 3.940.101-7.889.841 2.132.287 792.645 442.676 - - - - - 2.000.000 - - - - 421.424 - - 6.945.046 1.368.727 - - - - - - 48.230 495.558 9.647.851 1.579.309-111.047 730.923 269.869 86.320 10.515.486 7.783.358 449.220 321.120 905.460 21 92 - - - - 64.513 13.629 2.346-55.976 11.963 13.465 163 - - 7.126 6.041 - - 11.269 112.112 - - 3.997.160 163.812 176.274 145.291 37.750 - - 1.566.260 44.483 252.355-95 - - - - - - 30.290.950 116.546.324 2.252.197.485 487.035.729 26.853.629 24.094.324 1.280.239.553 - - 2.295.003 - - - - - - - - - - - - - - 194 - - 10.116.631 5.138.901 - - - - - - 96.588 12.646 2.712.763 2.507.380 - - 971.030 20.582 113.761 2.159.236 325.008 18.181 17.225 1.036.911 - - - - - - - 18.207 33.445 419.808 135.957 16.448 17.271 262.949 - - 15.979.800 - - - - - - - - - - - - - - - - - - 5.274.278 159.852 23.566.610 2.968.539 34.629 34.496 12.387.521 25.016.672 116.386.472 2.228.630.875 484.067.190 26.819.000 24.059.828 1.267.852.032 27.249.553 53.019.318 2.837.744.071 246.698.799 23.684.650-1.135.055.214 26.313.056 5.996.185 1.939.507.561 21.216.813 - - 1.174.912.544 40.709.728 3.634.522 1.742.308.863 - - - 1.872.953.353 50.010.254-1.697.301.712 - - - 3.346.335.559 94.432.324-1.149.704.455 - - - 2.325.259.734 (10) Dette underfondet ble lansert den 16. september 2010. 13
JPMorgan Funds Konsolidert balanse (forts.) Global Equity Fund (USD) USD Global Focus Fund EUR Global Government Bond Fund EUR Global Government Short Duration Bond Fund EUR Global Healthcare Fund USD Global Infrastructure Trends Fund EUR Global Natural Resources Fund EUR 286.462.158 1.444.193.011 257.863.081 61.298.649 37.290.244 3.514.813 3.433.371.819 249.458.610 1.229.446.298 257.814.308 60.916.534 35.263.995 3.145.696 2.395.478.545 - - - - - - - 4.721.391 128.091.141 1.125.679 2.770.338 424 150.636 58.613.729 - - - - - - - - 13.457 4.546 - - - 2.281.768 - - - - - - - 965.467 8.712.418 1.778.819 434.381 1.944-91.627.835 252.706 1.123.976 2.330.648 394.657 41.235 6.321 579.948 18.870 57.102 - - 2.873 - - 19.186 151 12.435 15.931 11.745 4.897 - - 1.381 544-11 - 136.827 168.941 15.541.731 1.802.062 41.412 141.049 - - - 339.220 293.194 100.979 - - - - - - - - - - 292.608.719 1.598.073.588 265.211.008 65.056.347 37.489.525 3.676.667 3.586.611.926 - - - - - - - - - - - - - - - - 1.144-62.930-56.792.925 - - - - - - - 10.422 1.646.344 4.956.291 7.000 72.458-24.092.665 168.440 1.980.652 64.548 12.306 46.654 4.665 4.311.719 - - - - - - - 77.624 495.079 45.895 22.956 23.139 6.140 1.354.754 - - - - - 1.806 - - - - - - - - - - - - - - - 256.486 4.122.075 5.067.878 42.262 205.181 12.611 86.552.063 292.352.233 1.593.951.513 260.143.130 65.014.085 37.284.344 3.664.056 3.500.059.863 253.598.220 1.027.930.229 280.367.183 42.158.840 36.196.348 3.233.437 1.912.587.338 233.869.436 331.436.544 71.690.468 3.713.850 - - 1.018.336.433 162.885.287 335.896.837 - - - - 1.871.228.153 270.564.769 551.822.932 - - - - 1.778.456.610 251.794.930 107.907.690 - - - - 943.442.736 14
JPMorgan Funds Konsolidert balanse (forts.) Global Real Estate Securities Fund (USD) USD Global Research Enhanced Index Equity Fund EUR Global Short Duration Bond Fund USD Gobal Socially Responsible Fund USD Global Strategic Bond Fund USD Highbridge Asia Pacific STEEP Fund (11) USD Highbridge Europe STEEP Fund EUR 44.660.973 5.321.252 428.145.171 94.116.355 42.783.275 12.496.877 98.833.793 40.283.688 5.016.307 424.532.672 82.274.617 41.882.103 12.496.877 98.842.143 - - - - 10.780.180 - - 689.523 16.830 17.775.927 138.071 6.284.473 2.538.293 4.701.838 - - - - - - 10.000.000 - - - - - - - - - - - 1.617.891 - - 191.424-1.759.383 34.983 32.789-89.165 124.658 4.368 4.363.840 87.999 621.225 671 110.779 86 141-7.376 - - - 15.180 2.592 39.917-11.356 2.596 10.248 - - 788-666 - - 12.822 - - - 656.841-7.421 - - 583.770-635.455 - - - - - - - 27.166 5.525.105 45.694.666 5.345.183 452.668.796 94.384.784 63.424.151 15.065.603 119.278.349 - - - - - - - - - - - - - - - - - - - - - - - - - 12.417.285 - - 81.922-827.698 1.134 - - 285.403 49.259-161.938 130.091 38.823 11.116 93.140-4.346 - - 353.169-23.272 27.769 3.271 104.038 22.434 19.545 4.773 36.182 - - 5.640.539 - - - - - - - - - - - - - - - - - - 158.950 7.617 6.734.213 153.659 12.828.822 15.889 437.997 45.535.716 5.337.566 445.934.583 94.231.125 50.595.329 15.049.714 118.840.352 27.856.852 4.741.898 217.229.216 72.946.730 25.147.773-168.540.331 13.710.677 - - 83.519.202 - - 76.358.730 12.635.754 - - 75.044.557 - - 48.985.528 21.580.292 - - 54.795.054 - - - - - - 35.025.585 - - - (11) Dette underfondet ble lansert den 13. desember 2010. 15
JPMorgan Funds Konsolidert balanse (forts.) Highbridge US STEEP Fund USD Japan Dynamic Fund JPY JF ASEAN Equity Fund USD JF Asia Alpha Plus Fund USD JF Asia Pacific ex-japan Equity Fund USD JF China Fund USD JF Greater China Fund USD 502.005.741 505.725.791 171.861.096 115.162.215 502.498.164 3.802.738.048 893.091.532 502.005.740 472.922.193 152.130.319 105.864.545 431.947.427 3.075.341.243 704.567.516 - - - - - - - 149.456.226 13.885.213 7.424.450 8.021.171 3.340.440 37.948.437 11.190.986 63.000.000 - - - - - - - - 285.075 - - 13.398.309 - - - - - - - - 9.296.093-1.401.613 731.318 416.837 5.907.653 8.926.159 150.709 332.289 55.130 198.865 437.058 468 130 - - - - - - - - 363.168 35.346 5.026 272 - - 128-11.691 2.114 107 3.234 370 74.198 - - - 278.871 - - - - - - - - - 26.493.689 - - - - - - 750.476.784 520.306.461 181.074.401 124.120.709 506.971.749 3.859.996.149 913.209.177 - - - - - - - - - - - - - - - - 1.564.171 - - 29.836.507 8.313.453 - - - - - - - 415.864-316.642 127.713 159.326 5.716.533 775.774 752.691 654.854 209.281 148.157 513.762 5.057.533 1.174.977 1.651 - - 208.279 - - - 159.223 537.796 83.657 44.645 548.376 3.555.459 303.383 - - - - - - - - - - 182.360 - - - - - - - - - - 1.329.429 1.192.650 2.173.751 711.154 1.221.464 44.166.032 10.567.587 749.147.355 519.113.811 178.900.650 123.409.555 505.750.285 3.815.830.117 902.641.590 706.157.798 490.650.883 50.180.087 34.135.306 466.045.617 3.435.434.476 684.691.268 296.227.780 540.273.309-57.962.253 324.166.004 3.277.872.788 568.509.936 53.672.320 930.740.901-105.923.364 475.593.917 2.680.483.250 622.728.380-7.182.106.766-112.533.474 864.817.828 3.221.787.004 684.910.511-27.194.449.831-46.475.242 738.412.667 1.156.132.290 476.255.116 16
JPMorgan Funds Konsolidert balanse (forts.) JF Hong Kong Fund USD JF India Fund USD JF Japan Alpha Plus Fund USD JF Japan Equity Fund USD JF Japan Small Cap Fund USD JF Korea Equity Fund USD JF Pacific Balanced Fund USD 168.502.764 3.213.299.016 42.570.321 275.995.485 29.643.231 81.451.498 124.235.125 148.414.680 1.846.814.054 38.469.811 253.555.955 26.951.150 72.798.023 110.308.984 - - - - - - - 362.216 93.046.266 709.629 5.087.161 212.064 19.147.761 2.364.198 - - - - - - - - - 198.403-175.902 507.995 346.956 - - - - - - - 721.439 5.608.627-528.345 66.270 1.035.726 85.942 178.779 4.499 23.559 111.862 32.171 754.134 770.396 - - - - - - 16.110 51.159 - - - 10.293 14.881 24.939 76 1.227-75 - 938 750 - - - - - 87.638 - - 117.005 - - - 677.773 - - - - - - - - 169.816.433 3.312.076.640 43.501.912 281.722.928 30.139.931 103.678.344 127.844.416 - - - - - - - - - - - - - - - - 737.092 3.151.525 312.663 2.088.462 291.505 - - - - - - - 144.697 3.764.555-196.191 52.388 206.911 111.637 229.157 4.729.714 56.573 340.798 40.138 91.646 165.756 - - - - - - - 108.419 1.259.050 9.764 73.414 20.007 34.472 66.431 - - - - - - 230.548 - - - - - - - - - - - - - - 482.273 9.753.319 803.429 3.761.928 425.196 2.421.491 865.877 169.334.160 3.302.323.321 42.698.483 277.961.000 29.714.735 101.256.853 126.978.539 170.855.931 2.637.009.261 12.773.277 253.118.567 33.764.363 32.973.452 108.088.203 212.431.721 2.084.541.872 7.046.551 356.735.115 52.721.554 11.522.686 132.125.204 257.111.221 2.533.079.738 23.022.771 800.338.469 139.803.462 36.806.282 151.733.601 108.208.759 4.123.155.354 51.558.445 1.948.180.766 241.926.110-182.226.858 69.447.599 2.682.021.036 185.379.443 3.851.032.031 254.241.348-207.569.440 17
JPMorgan Funds Konsolidert balanse (forts.) JF Pacific Equity Fund USD JF Pacific Technology Fund USD JF Singapore Fund USD JF Taiwan Fund USD Latin America Equity Fund USD Managed Reserves Fund USD Russia Fund USD 643.976.730 31.783.364 209.303.772 534.227.629 1.811.625.312 120.315.853 2.863.185.765 546.662.833 27.368.878 175.835.575 413.506.359 1.370.613.495 120.853.519 2.286.509.489 - - - - - - - 27.071.280 1.168.909 4.071.997 5.653.112-10.913.591 - - - - - - - - - - 1.537.117 - - - 68.405.344 - - - - - - - 761.508 212.783 307.391 505.828 8.903.727 293.744 6.022.446 556.703 72.093 156.285-2.131.240 594.150 2.841.116 - - - - - - 26.262-13.679 9.174 44.539 26.547 21.694 221.641 1.691 11-1.002 635 10.788 - - - - - - 188.481-249.125 - - - - - - - - - - - - - 672.617.037 33.250.839 215.385.736 540.432.110 1.822.687.461 132.338.301 2.940.702.574 - - - - 1.170.310-47.238.634 - - - - - - - 1.356.676-68.149 - - - - - - - - - - - 767.104 24.052 377.415 2.350.298 2.635.206-7.792.502 942.089 49.218 316.892 574.465 2.039.211 32.290 2.936.650 - - - - - - - 135.237 25.373 88.665 216.505 453.909 40.017 954.347 484.164 - - - - - - - - - - - - - - - - - - - - 3.685.270 98.643 851.121 3.141.268 6.298.636 72.307 58.922.133 668.931.767 33.152.196 214.534.615 537.290.842 1.816.388.825 132.265.994 2.881.780.441 571.746.822 60.914.568 175.447.667 338.093.161 1.290.637.333 30.021.196 2.035.560.908 557.931.669 27.012.528 198.367.313 404.227.084 921.144.836-771.414.461 892.048.594 43.863.223 603.489.727 1.080.868.675 2.091.554.855-1.630.707.987 1.210.682.811 39.446.674 789.840.297 748.278.900 1.748.314.623-299.387.847 1.562.304.523 51.718.815 163.904.802 434.243.842 767.332.573-117.766.371 18