Informe Semestral Sin Auditar JPMorgan Investment Funds Société d Investissement à Capital Variable, Luxembourg 30 de junio de 2012
JPMorgan Investment Funds Informe Semestral sin auditar Índice Consejo de Administración 1 Gestión y Administración 2 Estados Financieros e Información Estadística sin auditar Estado Consolidado Activo Neto 5-9 Estado Consolidado de las Operaciones y Cambios en el Activo Neto 11-15 Variaciones de la Cantidad de Acciones 16-20 Información estadística 21-25 Memoria de los Estados Financieros sin auditar 26-33 Composición de la Cartera de es JPMorgan Investment Funds - Blue and Green Fund 34 JPMorgan Investment Funds - Emerging Markets Corporate Bond Portfolio Fund I 39 JPMorgan Investment Funds - Euro Liquid Market Fund 42 JPMorgan Investment Funds - Europe Bond Fund 44 JPMorgan Investment Funds - Europe Recovery Fund 47 JPMorgan Investment Funds - Europe Select Equity Fund 48 JPMorgan Investment Funds - Europe Strategic Dividend Fund 51 JPMorgan Investment Funds - Global Balanced Fund (EUR) 55 JPMorgan Investment Funds - Global Balanced Fund (USD) 58 JPMorgan Investment Funds - Global Bond Fund (EUR) 65 JPMorgan Investment Funds - Global Bond Fund (USD) 70 JPMorgan Investment Funds - Global Capital Appreciation Fund 75 JPMorgan Investment Funds - Global Capital Preservation Fund (EUR) 80 JPMorgan Investment Funds - Global Capital Preservation Fund (USD) 85 JPMorgan Investment Funds - Global Convertibles Fund (USD) 90 JPMorgan Investment Funds - Global Dividend Fund 94 JPMorgan Investment Funds - Global Enhanced Bond Fund 97 JPMorgan Investment Funds - Global Financials Fund 102 JPMorgan Investment Funds - Global High Yield Bond Fund 105 JPMorgan Investment Funds - Global Income Fund 110 JPMorgan Investment Funds - Global Select 130/30 Fund 122 JPMorgan Investment Funds - Global Select Equity Fund 126 JPMorgan Investment Funds - Global Total Return Fund 129 JPMorgan Investment Funds - Highbridge Statistical Market Neutral Fund 132 JPMorgan Investment Funds - Income Opportunity Fund 136 JPMorgan Investment Funds - Japan 50 Equity Fund 152 JPMorgan Investment Funds - Japan Behavioural Finance Equity Fund 154 JPMorgan Investment Funds - Japan Focus Fund 156 JPMorgan Investment Funds - Japan Select Equity Fund 157 JPMorgan Investment Funds - Japan Strategic Value Fund 159 JPMorgan Investment Funds - JF Asia ex-japan Fund 161 JPMorgan Investment Funds - US Bond Fund 163 JPMorgan Investment Funds - US Equity Fund 168 JPMorgan Investment Funds - US Select Equity Fund 171 Apéndice: Información Adicional sin auditar Coeficiente de gastos totales Fondo 174 Resumen de los Objetivos de Inversión de los Subfondos 179 Rendimiento y Volatilidad 181 Tipos de Interés Abonados/(Adeudados) en Cuentas Bancarias 186 Clases de acciones subfondo sujetas a la Taxe d abonnement con un tipo 0,01 186 Índice de rotación de la cartera 187 Variación histórica de la cantidad de acciones 188 Para obtener información adicional, consulte www.jpmorganassetmanagement.com No se admitirán suscripciones que se efectúen basándose únicamente en el contenido presente informe. Las Suscripciones solamente serán válidas si se realizan sobre la base folleto en vigor, los Documentos Clave con Información para los inversores en vigor, acompañado último informe anual auditado y, en caso de haberse publicado en fecha posterior, último informe semestral sin auditar. El folleto en vigor, los Documentos Clave con Información para los inversores, los informes semestrales sin auditar y el informe anual auditado pueden obtenerse gratuitamente solicitándolos al domicilio social de la SICAV, descargándolos sitio web o solicitándolos al agente de pagos local. Tras una evaluación de la información Gestor o Gestores de inversiones Folleto y los Documentos Clave con Información para los inversores, los datos Gestor o Gestores de inversiones con respecto a los Subfondos individuales estarán disponibles en el domicilio social de la Sociedad Gestora o en www.jpmorganassetmanagement.com.
JPMorgan Investment Funds Consejo de Administración Presidente Iain O.S. Saunders Banquero Duine, Ardfern Argyll PA31 8QN Reino Unido Administradores Jacques Elvinger Asociado Elvinger, Hoss & Prussen 2, place Winston Churchill L-2014 Luxembourg Gran Ducado de Luxemburgo Jean Frijns Catedrático, Finanzas e Inversiones Antigonelaan 2 NL-5631 LR Eindhoven Países Bajos Berndt May Director Gerente JPMorgan Asset Management (Europe) S.à r.l. Austrian Branch Führichgasse 8 A-1010 Vienna Austria Vicepresidente Pierre Jaans (hasta el 28 de junio de 2012) Economista 3, rue de Kahler L-8356 Garnich Gran Ducado de Luxemburgo James B. Broderick (hasta el 28 de junio de 2012) Director Gerente JPMorgan Asset Management (UK) Limited 20 Finsbury Street London EC2Y 9AQ Reino Unido Robert Van der Meer Catedrático de Finanzas 12 Lange Vijverberg NL-2513 AC The Hague Países Bajos John Li (a partir 28 de junio de 2012) Contable 19 Rue de Bitbourg L-2010 Luxembourg Gran Ducado de Luxemburgo Peter Schwicht (a partir 28 de junio de 2012) Director Gerente JPMorgan Asset Management UK Ltd 20 Finsbury Street London EC2Y 9AQ Reino Unido Cambios en la composición Consejo de Administración El 28 de junio de 2012, el Sr. Pierre Jaans y el Sr. James B. Broderick renunciaron a sus cargos en el Consejo de Administración. En su lugar el Sr. John Li y el Sr. Peter Schwicht fueron invitado a formar parte Consejo el mismo día. Domicilio Social European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Gran Ducado de Luxemburgo 1
JPMorgan Investment Funds Gestión y Administración Sociedad Gestora, Tenedor de Registro y Agente de Transferencias, Distribuidor Global y Agente de Domiciliaciones JPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Gran Ducado de Luxemburgo Gestores de Inversiones J.P. Morgan Investment Management Inc. 245 Park Avenue New York, NY 10167 Estados Unidos de América JPMorgan Asset Management (Japan) Limited Tokyo Building 7-3 Marunouchi 2-Chome Chiyoda-Ku Tokyo 100-6432, Japón JPMorgan Asset Management (UK) Limited 20 Finsbury Street London EC2Y 9AQ Reino Unido JF Asset Management Limited 21st Floor, Chater House 8 Connaught Road Central, Hong Kong Highbridge Capital Management LLC 9 West 57th Street New York, NY 10019 Estados Unidos de América JPMorgan Asset Management (Singapore) Limited 168 Robinson Road 17th Floor, Capital Tower Singapur 068912 Depositario y Agente Corporativo y Administrativo J.P. Morgan Bank Luxembourg S.A. European Bank & Business Centre 6, route de Trèves L-2633 Senningerberg Gran Ducado de Luxemburgo Auditores PricewaterhouseCoopers, Société coopérative 400, Route d Esch BP 1443 L-1014 Luxembourg Gran Ducado de Luxemburgo Asesores Jurídicos Elvinger, Hoss & Prussen 2, place Winston Churchill L-2014 Luxembourg Gran Ducado de Luxemburgo 2
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JPMorgan Investment Funds Estado Consolidado Activo Neto JPMorgan Investment Funds Consolidado USD Blue and Green Fund EUR Emerging Markets Corporate Bond Portfolio Fund I USD Euro Liquid Market Fund EUR Activo Inversiones en es al valor de 14.462.119.193 63.644.925 96.615.788 167.434.912 Coste de Adquisición: 14.171.490.270 59.471.315 95.858.946 167.434.912 Inversiones en TBA al valor de (1) 201.535.423 - - - Efectivo en banco e intermediario financiero 599.129.474 4.878.528 298.157 454.560 Depósitos a Plazo y Equivalentes de Caja 394.021.435 - - 161.400.000 Importes a Cobrar por Venta de Inversiones 72.853.976 9.805.188 - - Importes a Cobrar por Venta de TBA (1) 470.059.408 - - - Importes a Cobrar por Suscripciones 51.521.925 - - 485.814 Intereses y Dividendos a Cobrar, Netos 107.982.871 311.710 1.856.690 4.260 Reembolsos de Impuestos a Cobrar 2.507.860 2.167 - - Renuncia a la Comisión (2) 288.509 - - 78.623 Otros efectos a Cobrar 27.855 - - - Ganancias Netas no Realizadas sobre Contratos de Divisas a Plazo 84.023.440-882.563 - Ganancias Netas no Realizadas sobre Contratos de Futuros Financieros 2.758.547 132.201 - - Instrumentos derivados al valor de 13.126.127 924.073 - - Total Activo 16.461.956.043 79.698.792 99.653.198 329.858.169 Pasivo Descubierto Bancario 178.084 - - - Posiciones cortas sobre TBA sin ejercer (1) 469.594.782 - - - Importes a Pagar por Compra de Inversiones 149.291.892 1.375.969-78.400.000 Importes a Pagar por Compra de TBA (1) 201.302.954 - - - Importes a Pagar por Rescates 52.129.779 - - 6.429.028 Comisiones de Gestión y Asesoramiento a Pagar 13.498.793 46.793 104.372 91.145 Comisión por Resultados 29.385.313 - - - Otros efectos a Pagar 5.087.298 8.229 13.024 36.857 Pérdidas Netas no Realizadas sobre Contratos de Divisas a Plazo 5.125.428 348.226 - - Pérdidas Netas no Realizadas sobre Contratos de Futuros Financieros 3.691.452 - - - Instrumentos derivados al valor de 54.291.684 - - - Total Pasivo 983.577.459 1.779.217 117.396 84.957.030 Total Activo Neto 15.478.378.584 77.919.575 99.535.802 244.901.139 Total Activo Neto Histórico 31 de diciembre de 2011 16.126.489.974 81.553.391 103.875.334 183.808.506 31 de diciembre de 2010 18.277.112.582 84.218.665 113.202.329 81.069.824 31 de diciembre de 2009 17.111.214.731 83.253.730-199.851.284 31 de diciembre de 2008 12.451.274.404 75.942.811-440.144.814 (1) Véase el apartado 2i) de la Memoria. (2) Véase el apartado 3a) de la Memoria. La Memoria adjunta forma parte integrante de estos Estados Financieros. 5
JPMorgan Investment Funds Estado Consolidado Activo Neto (continuación) Europe Bond Fund EUR Europe Recovery Fund EUR Europe Select Equity Fund EUR Europe Strategic Dividend Fund EUR Global Balanced Fund (EUR) EUR Global Balanced Fund (USD) USD Global Bond Fund (EUR) EUR Global Bond Fund (USD) USD 25.795.562 50.682.108 241.020.797 537.715.826 147.536.712 247.610.178 85.298.509 57.611.025 25.786.502 47.642.411 238.182.896 516.812.152 132.880.535 227.796.770 79.562.907 56.166.750 526.591 - - - - - 7.148.994 4.844.144 227.758-801.761 2.345.259 3.701.011 27.932.758 2.584.995 2.632.929 - - - - - - - - - 4.210.241 687.057 1.969.863 1.375.287 1.127.673 9.780 719.852 - - - - - - - - 5.415 5.031 183.892 571.081 199.424 175.863 6.570.814 397.283 465.558 260.132 346.493 2.134.653 1.022.583 2.153.898 1.416.706 429.906-290.736 152.779 979.339 38.435 32.186 - - 7.194 - - - - - 1.836 1.871-16.424 677-959 - - - 17.258-188.017 - - 283.821 413.608 - - - 164.640 805.026 363.331 631.056 - - - - - - - - - - 27.045.336 55.464.672 243.546.113 546.521.047 154.237.742 279.947.433 103.445.242 66.637.010-140.561 - - - - - - - - - - - - - - - 1.045.203 1.146.364 92.349 422.365 3.851.138 2.759.147 304.594 525.989 - - - - - 7.140.775 5.558.111 87.121 176.966 166.031 1.253.392 355.817 168.490 7.959 81.099 16.978 77.164 168.081 589.185 192.283 326.978 44.665 18.470 - - - - - - - - 11.225 19.189 46.131 57.746 16.751 29.288 1.613.792 458.385 - - - 99.377 538.628 - - 128.241 10.683 - - - - - 3.949 26.332 - - - - - - - - 651.996 1.459.083 1.526.607 2.092.049 1.525.844 4.375.894 11.570.287 6.575.232 26.393.340 54.005.589 242.019.506 544.428.998 152.711.898 275.571.539 91.874.955 60.061.778 26.138.612 142.309.334 231.739.576 522.763.146 147.662.651 243.990.265 71.602.796 58.402.927 36.739.031 262.251.751 229.438.958 381.961.567 152.909.305 303.452.081 69.109.803 59.153.879 67.991.833 221.102.757 235.863.162 240.930.029 151.154.147 501.258.891 73.496.303 60.110.609 72.856.344 162.279.387 87.650.033 73.662.946 131.322.731 437.621.915 110.901.698 71.738.748 6
JPMorgan Investment Funds Estado Consolidado Activo Neto (continuación) Global Capital Appreciation Fund EUR Global Capital Preservation Fund (EUR) EUR Global Capital Preservation Fund (USD) USD Global Convertibles Fund (USD) USD Global Dividend Fund USD Global Enhanced Bond Fund EUR Global Financials Fund USD Global High Yield Bond Fund USD 71.765.682 650.250.574 38.577.796 318.528.952 90.703.368 33.240.304 125.127.857 1.983.302.422 61.181.700 610.565.574 37.986.510 332.769.769 89.700.100 31.770.839 142.494.480 1.966.037.801 - - - - - 10.507.386 - - 6.020.924 104.820.678 6.732.906 333.608 630.209 3.782.137 634.724 28.656.789-13.200.000 - - - - - - 686.357 3.594.423 301.953 1.282.298 339.687 3.828 3.510.246 2.426.013 - - - - - - - - 11.975 34.274 168.440 403.333 15.998 1.595.782 73 12.921.255 137.026 2.366.726 151.217 1.238.366 313.350 337.900 686.439 35.082.103 18.519 27.000 1.474-29.601-33.356-11.060-3.213 - - 9.669 - - - 161 - - 318 - - 452-2.877.587 - - 654.541 141.331 274.404 8.962.947 - - - - - - - - 205.906 7.569.901 442.214 - - - - - 78.857.449 784.741.324 46.379.213 321.786.557 92.687.072 49.618.337 130.267.099 2.071.351.981 - - - - - - - - - - - - - - - - 940.191 838.325 46.584-294.815 1.436.162 910.839 3.566.000 - - - - - 10.490.461 - - 167.959 3.149.064 30.977 676.377 26.147 25.314 624.903 3.372.626 57.644 849.937 51.577 378.601 107.841 22.581 162.774 1.416.781 - - - - - - - - 19.067 64.983 8.951 39.389 13.135 193.630 71.231 188.081 2.146.843-97.163 357.212 - - - - 749.220 1.812.429 104.815 - - 3.999 - - - - - - 3.517 - - 8.303.047 4.080.924 6.714.738 340.067 1.451.579 445.455 12.172.147 1.769.747 16.846.535 74.776.525 778.026.586 46.039.146 320.334.978 92.241.617 37.446.190 128.497.352 2.054.505.446 86.943.782 1.072.705.578 62.759.781 391.447.221 104.125.777 21.162.901 122.485.122 1.428.720.208 112.495.066 1.660.249.536 73.808.677 511.603.002 52.512.474 24.060.097 185.870.709 1.227.898.130 113.079.859 1.957.647.449 74.449.543 533.842.291 37.054.753 20.893.798 127.331.667 450.507.539 141.277.213 1.861.444.396 67.565.801 150.459.822 2.053.246 31.694.955 115.313.948 145.157.681 7
JPMorgan Investment Funds Estado Consolidado Activo Neto (continuación) Global Income Fund EUR Global Select 130/30 Fund USD Global Select Equity Fund USD Global Total Return Fund EUR Highbridge Statistical Market Neutral Fund EUR Income Opportunity Fund USD Japan 50 Equity Fund JPY Japan Behavioural Finance Equity Fund USD 488.970.849 14.209.224 246.214.122 25.843.332 226.826.957 4.689.956.211 21.473.561.000 3.816.647 452.297.458 13.455.060 247.392.977 25.929.435 226.826.957 4.637.925.211 23.473.724.132 3.566.459 - - - - - 161.127.521 - - 5.492.574 61.488 330.011 13.709.480 3.599.340 285.081.519 213.147.999 133.303 - - - 5.400.000 131.000.000 - - - 2.944.882 151.689 528.341 1.845.167-9.736.120-102.309 - - - - - 470.059.408 - - 6.641.830 7.982 3.175.602 5.609 63.266 11.598.480 3.578.153-6.065.669 25.609 285.770 76.737 9.679 42.696.855 20.945.646 3.541 83.514 3.831 16.400 21.779-179.765 - - - 16.446-13.623-100.641-1.480 - - 352 - - 2.376 4.591-2.144.317 8.826 48.747-176.956 64.128.329 6.565.768 - - - - - - - - - - 203.699-44.915 1.067.714 - - - 512.343.635 14.688.794 250.599.345 46.960.642 362.743.912 5.734.667.225 21.717.803.157 4.057.280 - - - - - - - - - - - - - 469.594.782 - - 5.505.087 51.821 456.437 100.114 12.110 5.560.464-113.518 - - - - - 160.240.747 - - 1.252.206 27.385 121.674 380.300 6.834.175 14.732.617 22.313.751-589.649 19.272 92.563 62.061 447.449 3.568.584 14.275.690 5.032 - - - - - 29.385.313 - - 65.702 20.703 25.352 25.967 75.535 708.723 2.562.735 2.553 - - - 442.766 - - - - 18.376 - - - - 267.631 24.375 - - - - - - 45.985.120 - - 7.431.020 119.181 696.026 1.011.208 7.369.269 730.043.981 39.176.551 121.103 504.912.615 14.569.613 249.903.319 45.949.434 355.374.643 5.004.623.244 21.678.626.606 3.936.177 373.916.859 15.934.276 248.408.737 51.167.954 505.015.446 5.312.786.395 20.308.266.721 4.393.404 154.763.536 23.983.169 243.047.770 75.080.068 930.858.882 4.713.873.852 25.533.477.954 5.133.970 41.364.167 26.303.236 251.774.985 115.823.178 2.437.426.403 1.680.639.104 13.989.659.304 5.261.171 11.800.343 22.697.497 115.122.494 98.861.072 2.842.761.494 120.730.895 31.690.006.989 43.080.245 8
JPMorgan Investment Funds Estado Consolidado Activo Neto (continuación) Japan Focus Fund JPY Japan Select Equity Fund JPY Japan Strategic Value Fund JPY JF Asia ex-japan Fund USD US Bond Fund USD US Equity Fund USD US Select Equity Fund USD 8.308.184.000 25.253.148.595 12.035.984.575 290.858.722 41.554.204 260.886.884 1.545.545.879 9.577.061.911 29.544.301.509 12.073.600.833 285.756.226 52.450.427 237.614.669 1.414.965.737 - - - - 12.526.844 - - 109.638.713 406.594.319 274.543.249 6.122.474 3.397.956 5.122.475 25.299.289 - - - - - - - 19.345.621 1.780.000 188.151.841 4.891.882 87.731-10.642.106 - - - - - - - 646.001 12.749.108 1.362.372 3.071 438.630 137.078 1.103.015 3.348.930 23.633.253 8.095.032 1.418.583 226.038 143.465 1.618.415 - - - - - 7.630 158.420 - - - - 10.284 - - - - 7.864 - - - 1.115 - - - - - 243.237 903.630-5.365.000 - - 17.504 131.873 54.331 - - - - 48.256 - - 8.441.163.265 25.703.270.275 12.508.144.933 303.294.732 58.307.447 266.672.642 1.585.326.200 - - - - - - - - - - - - - - 18.757.005-297.918.557 5.504.954-430.085 5.033.034 - - - - 12.499.801 - - 23.719.486 58.842.334 6.438.816 2.970.174 511.579 264.250 1.421.504 5.415.579 16.885.444 9.167.986 362.400 30.268 275.152 1.878.311 - - - - - - - 591.375 2.530.864 1.120.160 70.580 378.891 20.780 95.952 - - - - 12.402 - - - - - - - - - - - - - - - - 48.483.445 78.258.642 314.645.519 8.908.108 13.432.941 990.267 8.428.801 8.392.679.820 25.625.011.633 12.193.499.414 294.386.624 44.874.506 265.682.375 1.576.897.399 7.035.892.106 26.214.515.953 10.163.344.281 713.242.641 33.276.491 252.256.402 1.637.526.345 9.947.587.849 44.260.575.560 9.796.103.920 1.604.183.115 40.785.397 144.239.604 2.172.590.139 7.855.615.201 50.076.159.171 6.255.065.891 1.595.870.962 45.776.146 94.195.327 1.475.480.977 6.075.321.703 68.599.425.040 1.205.579.034 548.315.938 65.585.585 21.975.125 548.195.408 9
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JPMorgan Investment Funds Estado Consolidado de las Operaciones y Cambios en el Activo Neto Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 JPMorgan Investment Funds Consolidado USD Blue and Green Fund EUR Emerging Markets Corporate Bond Portfolio Fund I USD Euro Liquid Market Fund EUR Activo al inicio período * 15.992.514.487 81.553.391 103.875.334 183.808.506 Ingresos Ingresos por Dividendos, Netos 87.166.629 248.075 - - Ingresos por Intereses, Netos 233.974.189 692.950 4.014.981 403.034 Ingresos por Préstamos de es 1.486.655-2.490 549 Intereses Bancarios 69.097 1.869-2.314 Intereses sobre operaciones de swap 37.743.037 - - - Total Ingresos 360.439.607 942.894 4.017.471 405.897 Gastos Comisiones de Gestión y Asesoramiento 87.659.241 283.979 684.920 403.241 Comisiones de Banco Depositario y Agente Corporativo, Administrativo y Domiciliatario 5.660.276 42.330 50.852 52.504 Comisiones de Tenedor de Registro y de Agente de Transferencias 1.419.450 12 1.258 35.484 Taxe d abonnement 3.711.121 3.945 25.450 9.379 Intereses por descubiertos 52.263 159 - - Intereses sobre operaciones de swap 18.419.208 - - - Gastos varios** 4.238.737 7.048 18.021 14.626 121.160.296 337.473 780.501 515.234 Menos: Renuncia a la Comisión (1) 1.121.040 - - 139.893 Total Gastos antes de Comisión por Resultados 120.039.256 337.473 780.501 375.341 Comisión por Resultados 29.385.313 - - - Total Gastos 149.424.569 337.473 780.501 375.341 Ingresos/(Pérdidas) Netos por Inversiones 211.015.038 605.421 3.236.970 30.556 Ganancias/(Pérdidas) Netas Realizadas sobre la venta de Inversiones 15.957.129 2.578.638 170.622 - Ganancias/(Pérdidas) Netas Realizadas sobre Contratos de Divisas a Plazo (365.132.383) (2.324.100) (4.531.539) - Ganancias/(Pérdidas) Netas Realizadas sobre Contratos de Futuros Financieros (72.924.989) (3.544.627) - - Ganancias/(Pérdidas) Netas Realizadas sobre Cambio de Divisas (450.899) (280.101) (9.566) - Ganancias/(Pérdidas) Netas Realizadas sobre TBA (352.154) - - - Ganancias/(Pérdidas) Netas Realizadas sobre Instrumentos Derivados (105.245.749) 62.001 - - Ganancias/(Pérdidas) Netas Realizadas en el período (528.149.045) (3.508.189) (4.370.483) - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre Inversiones 502.495.513 319.214 2.787.242 - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre Contratos de Divisas a Plazo 223.320.582 (126.306) 2.988.692 - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre Contratos de Futuros Financieros (6.486.481) (92.525) - - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre Cambio de Divisas (1.855.801) 63.103 156 - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre TBA 1.191.729 - - - Variación Neta en las Ganancias/(Pérdidas) no Realizadas sobre Instrumentos Derivados 122.584.887 (894.534) - - Variación Neta en las Ganancias/(Pérdidas) no Realizadas en el período 841.250.429 (731.048) 5.776.090 - Aumento/(Disminución) Activo Neto como Resultado de las Operaciones 524.116.422 (3.633.816) 4.642.577 30.556 Movimientos en el Capital Social Suscripciones 4.750.155.929-185.656 270.580.378 Rescates (5.731.942.854) - (2.772.507) (209.518.301) Aumento/(Disminución) Activo Neto como Resultado de Movimientos en el Capital Social (981.786.925) - (2.586.851) 61.062.077 Reparto de Dividendos (56.465.400) - (6.395.258) - Activo al cierre período 15.478.378.584 77.919.575 99.535.802 244.901.139 (1) Véase el apartado 3a) de la Memoria. * El balance de apertura se consolidó utilizando el tipo de cambio vigente al 30 de junio de 2012. Cuando el mismo se consolidó utilizando el tipo de cambio vigente al 31 de diciembre de 2011 reflejó una cifra de 16.126.489.974 USD. ** Los gastos varios incluyen principalmente la remuneración de los administradores, los gastos de auditoría y los relacionados con impuestos, los gastos de registro, publicación, envío e impresión, además de los gastos legales y de marketing. La Memoria adjunta forma parte integrante de estos Estados Financieros. 11
JPMorgan Investment Funds Estado Consolidado de las Operaciones y Cambios en el Activo Neto (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Europe Bond Fund EUR Europe Recovery Fund EUR Europe Select Equity Fund EUR Europe Strategic Dividend Fund EUR Global Balanced Fund (EUR) EUR Global Balanced Fund (USD) USD Global Bond Fund (EUR) EUR Global Bond Fund (USD) USD 26.138.612 142.309.334 231.739.576 522.763.146 147.662.651 243.990.265 71.602.796 58.402.927-2.162.135 5.803.119 16.875.968 1.410.413 1.455.054 - - 523.626 4.573 11.826 29.126 871.762 1.569.637 956.773 789.613-62.241 313.457 599.862 - - - - 166 - - 178 335 1.321 8.605 355 - - - - - - - - 523.792 2.228.949 6.128.402 17.505.134 2.282.510 3.026.012 965.378 789.968 104.683 770.059 1.077.245 3.711.768 1.227.349 1.950.653 243.311 107.149 42.531 60.834 121.908 208.125 59.773 112.513 38.643 47.043 10.510 10.421 21.061 82.904 21.223 29.059 13.870 5.647 7.522 19.800 42.867 126.973 38.313 67.473 20.283 8.057-5.982 424 1.533 - - - - - - - - - - - - 2.615 9.958 43.566 48.543 13.832 32.700 6.380 5.374 167.861 877.054 1.307.071 4.179.846 1.360.490 2.192.398 322.487 173.270 34.482 153 11.311 280 563 1.621 13.527 24.235 133.379 876.901 1.295.760 4.179.566 1.359.927 2.190.777 308.960 149.035 - - - - - - - - 133.379 876.901 1.295.760 4.179.566 1.359.927 2.190.777 308.960 149.035 390.413 1.352.048 4.832.642 13.325.568 922.583 835.235 656.418 640.933 46.822 5.763.977 1.432.324 (13.889.050) (232.151) (207.305) 1.166.756 (993.904) (7.439) (81.351) (996.912) (1.955.765) (2.687.954) 1.607.673 (2.593.544) 1.120.208 26.069 - (473.667) (199.517) 1.943.554 1.511.912 192.751 164.253 (3.494) 91.146 67.960 (27.944) 229.955 (54.118) 176.107 18.796 7.653 - - - - - 4.345 (7.502) - - - - - - - - 69.611 5.773.772 29.705 (16.072.276) (746.596) 2.858.162 (1.053.585) 301.851 612.263 (3.784.450) 14.618.774 31.193.162 6.907.181 7.819.109 567.272 1.345.095 78.467-669.992 106.187 1.353.757 (617.134) 2.237.682 (175.090) (10.065) - 159.310 729.176 305.877 291.889 (29.528) (41.766) 2.413 (14.042) (9.369) (29.197) (109.739) 44.600 (20.826) 25.348 (1.806) - - - - - (2.343) (2.595) - - - - - - - - 681.272 (3.798.492) 15.438.707 31.999.328 8.457.076 7.538.464 2.752.257 1.150.992 1.141.296 3.327.328 20.301.054 29.252.620 8.633.063 11.231.861 2.355.090 2.093.776 15.479.897 9.229.268 27.876.149 100.637.811 45.160.899 69.494.998 28.026.607 4.169.967 (16.366.465) (100.682.877) (37.853.539) (105.617.389) (48.728.489) (49.132.459) (10.109.356) (4.604.892) (886.568) (91.453.609) (9.977.390) (4.979.578) (3.567.590) 20.362.539 17.917.251 (434.925) - (177.464) (43.734) (2.607.190) (16.226) (13.126) (182) - 26.393.340 54.005.589 242.019.506 544.428.998 152.711.898 275.571.539 91.874.955 60.061.778 12
JPMorgan Investment Funds Estado Consolidado de las Operaciones y Cambios en el Activo Neto (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Global Capital Appreciation Fund EUR Global Capital Preservation Fund (EUR) EUR Global Capital Preservation Fund (USD) USD Global Convertibles Fund (USD) USD Global Dividend Fund USD Global Enhanced Bond Fund EUR Global Financials Fund USD Global High Yield Bond Fund USD 86.943.782 1.072.705.578 62.759.781 391.447.221 104.125.777 21.162.901 122.485.122 1.428.720.208 736.328 3.409.771 196.324 249.871 2.689.188-1.831.201-93.688 9.348.799 375.997 4.267.768 1.854 409.926 10.620 62.475.728-1.426 268-97.361 - - 55.564 3.320 27.594 913-263 712 572 - - - - - - - - 5.108.410 833.336 12.787.590 573.502 4.517.639 2.788.666 410.638 1.842.393 67.639.702 414.131 6.294.158 375.110 2.522.443 734.040 110.969 1.180.546 7.886.465 73.640 355.347 53.610 123.151 42.121 47.694 64.213 426.030 12.043 86.592 11.977 29.470 10.334 11.784 33.435 131.536 13.988 199.664 12.580 84.435 23.797 7.116 36.811 491.329 2.372 513 398 12.950-208 - 244 - - - - - - - 3.151.736 7.626 174.335 5.470 30.858 20.272 2.271 15.055 579.192 523.800 7.110.609 459.145 2.803.307 830.564 180.042 1.330.060 12.666.532 39.691 21.699 28.388 89 535 44.787 2.033 5.256 484.109 7.088.910 430.757 2.803.218 830.029 135.255 1.328.027 12.661.276 - - - - - - - - 484.109 7.088.910 430.757 2.803.218 830.029 135.255 1.328.027 12.661.276 349.227 5.698.680 142.745 1.714.421 1.958.637 275.383 514.366 54.978.426 3.860.721 44.304.473 499.189 (6.030.889) (243.929) (607.375) (6.093.233) 10.202.664 (3.374.882) (28.598.311) (495.186) 2.231.023 (1.183.603) (902.187) (33.588) (31.390.889) (819.996) (42.811.943) (2.531.503) (194.006) - (10.267) - - 432.702 (2.888.431) (47.371) (198.258) 32.721 (392.068) (160.862) 11.002 - - - - - 503.215 - - (647.401) 817.184 109.650 - (41.358) - - (1.049.705) (548.856) (29.177.028) (2.465.221) (4.192.130) (1.436.169) (1.408.682) (6.287.683) (22.226.928) 797.279 (10.233.537) 725.069 19.182.333 3.631.790 1.440.127 14.386.007 35.593.711 1.586.629 9.767.957 247.138 (5.382) 973.107 559.190 193.119 10.873.015 (990.781) (5.323.076) (432.045) - - (6.866) - - (438.649) (166.936) (173) 157.991 1.780 257.268 42.947 (36.969) - - - - - (11.435) - - (453.460) (11.651.637) (623.793) - 670 - - (1.096.604) 501.018 (17.607.229) (83.804) 19.334.942 4.607.347 2.238.284 14.622.073 45.333.153 301.389 (41.085.577) (2.406.280) 16.857.233 5.129.815 1.104.985 8.848.756 78.084.651 2.692.622 123.100.138 7.519.251 85.941.136 8.631.308 22.227.671 49.213.784 1.519.283.896 (15.150.770) (375.434.752) (21.833.606) (173.910.612) (25.517.764) (7.049.367) (51.894.215) (956.092.419) (12.458.148) (252.334.614) (14.314.355) (87.969.476) (16.886.456) 15.178.304 (2.680.431) 563.191.477 (10.498) (1.258.801) - - (127.519) - (156.095) (15.490.890) 74.776.525 778.026.586 46.039.146 320.334.978 92.241.617 37.446.190 128.497.352 2.054.505.446 13
JPMorgan Investment Funds Estado Consolidado de las Operaciones y Cambios en el Activo Neto (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Global Income Fund EUR Global Select 130/30 Fund USD Global Select Equity Fund USD Global Total Return Fund EUR Highbridge Statistical Market Neutral Fund EUR Income Opportunity Fund USD Japan 50 Equity Fund JPY Japan Behavioural Finance Equity Fund USD 373.916.859 15.934.276 248.408.737 51.167.954 505.015.446 5.312.786.395 20.308.266.721 4.393.404 4.119.633 239.043 3.314.803 382.650-1.294.378 288.672.994 50.295 9.866.056-5.379 28.755 969.685 129.121.273 - - - 6.080 38.271 - - 46.401 - - 2.810 - - - 1.527 103 2.581 - - - - - 1.788.585 30.360.419 - - 13.988.499 245.123 3.358.453 411.405 2.759.797 160.822.574 288.675.575 50.295 3.254.887 129.708 582.887 407.029 3.382.652 22.577.236 95.005.335 32.567 131.226 103.058 124.384 88.090 281.638 1.241.779 9.405.978 39.055 33.181 7.567 15.223 8.175 61.277 359.004 1.146.505 673 115.818 3.866 33.392 11.797 94.614 1.265.815 4.102.261 1.022 - - - 396 265 19.228 - - - - - - 916.054 14.094.227 - - 79.173 1.473 22.901 4.821 160.273 2.266.251 4.636.176 372 3.614.285 245.672 778.787 520.308 4.896.773 41.823.540 114.296.255 73.689 3.100 84.924 19.132 17.158 42.111 391.672 18.867 32.821 3.611.185 160.748 759.655 503.150 4.854.662 41.431.868 114.277.388 40.868 - - - - - 29.385.313 - - 3.611.185 160.748 759.655 503.150 4.854.662 70.817.181 114.277.388 40.868 10.377.314 84.375 2.598.798 (91.745) (2.094.865) 90.005.393 174.398.187 9.427 5.769.573 (175.044) 3.914.117 (688.004) (3.597.373) (65.606.169) (946.869.345) (61.339) (19.878.905) 49.171 605.219 (321.671) 2.968.185 (244.707.093) (41.531.514) (13.978) (56.018) - - - - (14.272.894) (37.958.084) (9.832) 2.131.388 5.840 (72.970) (1.126.768) (103.436) 3.006.305 (7.438.194) 6.374 - - - - - (1.144.612) - - - - - - 1.925.918 (106.998.036) - - (12.033.962) (120.033) 4.446.366 (2.136.443) 1.193.294 (429.722.499) (1.033.797.137) (78.775) 21.527.573 1.020.693 11.771.592 770.018 3.646.475 135.892.109 1.574.555.091 167.180 10.235.088 (61.735) (308.899) (98.827) (893.285) 170.271.880 11.125.834-45.783 - - - - 199.348 (1.120.516) - (2.397.089) 1.682 2.326 1.122.490-186.237 9.433 256 - - - - - 1.236.072 - - - 143.031-41.714 911.977 139.436.527 - - 29.411.355 1.103.671 11.465.019 1.835.395 3.665.167 447.222.173 1.584.569.842 167.436 27.754.707 1.068.013 18.510.183 (392.793) 2.763.596 107.505.067 725.170.892 98.088 253.443.190 347.972 19.387.053 4.540.262 47.355.026 1.039.455.106 7.903.997.938 1.437.063 (141.513.592) (2.780.648) (36.400.086) (9.365.989) (199.756.370) (1.437.757.548) (7.258.693.142) (1.987.544) 111.929.598 (2.432.676) (17.013.033) (4.825.727) (152.401.344) (398.302.442) 645.304.796 (550.481) (8.688.549) - (2.568) - (3.055) (17.365.776) (115.803) (4.834) 504.912.615 14.569.613 249.903.319 45.949.434 355.374.643 5.004.623.244 21.678.626.606 3.936.177 14
JPMorgan Investment Funds Estado Consolidado de las Operaciones y Cambios en el Activo Neto (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Japan Focus Fund JPY Japan Select Equity Fund JPY Japan Strategic Value Fund JPY JF Asia ex-japan Fund USD US Bond Fund USD US Equity Fund USD US Select Equity Fund USD 7.035.892.106 26.214.515.953 10.163.344.281 713.242.641 33.276.491 252.256.402 1.637.526.345 161.565.531 327.888.664 204.868.888 5.268.277-1.920.809 11.768.000 - - 41.320 17.146 648.764-1.318 - - 137.738 - - - - - - 167 - - 733 2.177 - - - - 8.160 - - 161.565.531 327.888.664 205.048.113 5.285.423 656.924 1.921.542 11.771.495 39.915.024 115.547.650 63.512.888 3.356.661 156.457 1.740.760 12.219.786 4.711.774 9.186.635 6.421.524 415.644 62.388 78.853 269.313 301.430 2.720.231 1.175.206 45.111 12.195 21.389 120.798 1.535.436 5.249.983 2.973.748 100.345 9.675 58.916 411.720 - - - 4.428 - - - - - - - 12.650 - - 850.865 2.387.788 1.160.579 53.001 3.406 47.826 294.386 47.314.529 135.092.287 75.243.945 3.975.190 256.771 1.947.744 13.316.003 204.823 6.074 423.608 741 53.151-1.033 47.109.706 135.086.213 74.820.337 3.974.449 203.620 1.947.744 13.314.970 - - - - - - - 47.109.706 135.086.213 74.820.337 3.974.449 203.620 1.947.744 13.314.970 114.455.825 192.802.451 130.227.776 1.310.974 453.304 (26.202) (1.543.475) (150.316.083) (1.293.638.640) (352.186.287) (35.428.373) 390.635 6.807.893 85.133.293 - - 5.738.947 (8.369) 22.997 (2.380.650) (8.600.448) (5.469.600) (17.416.400) - - 10.154 191.073 938.402 - - (8.999.689) (611.097) 831 5.792 (32.730) - - - - 147.211 - - - - - - - - - (155.785.683) (1.311.055.040) (355.447.029) (36.047.839) 571.828 4.624.108 77.438.517 251.114.137 2.895.308.685 568.175.660 64.023.949 463.832 15.205.039 35.348.237 - - - - (19.457) 1.415.460 5.128.501 (325.000) 5.365.000 - - 6.187 87.510 (42.657) - - 216.695 (81.063) 1.457 - - - - - - (22.004) - - - - - - (13.341) - - 250.789.137 2.900.673.685 568.392.355 63.942.886 416.674 16.708.009 40.434.081 209.459.279 1.782.421.096 343.173.102 29.206.021 1.441.806 21.305.915 116.329.123 4.801.676.998 5.797.374.079 7.153.120.334 61.310.587 28.998.372 48.189.716 279.987.461 (3.654.347.674) (8.168.912.346) (5.464.378.829) (509.311.194) (18.842.163) (56.069.156) (456.350.764) 1.147.329.324 (2.371.538.267) 1.688.741.505 (448.000.607) 10.156.209 (7.879.440) (176.363.303) (889) (387.149) (1.759.474) (61.431) - (502) (594.766) 8.392.679.820 25.625.011.633 12.193.499.414 294.386.624 44.874.506 265.682.375 1.576.897.399 15
JPMorgan Investment Funds Variaciones de la Cantidad de Acciones (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Acciones en circulación al inicio período Acciones Suscritas Acciones Rescatadas Acciones en circulación al cierre período JPMorgan Investment Funds - Blue and Green Fund JPM Blue and Green 3.449,615 - - 3.449,615 JPMorgan Investment Funds - Emerging Markets Corporate Bond Portfolio Fund I JPM Emerging Markets Corporate Bond Portfolio I - A (div) - USD 86.028,607 1.489,000 4.467,721 83.049,886 JPM Emerging Markets Corporate Bond Portfolio I - A (div) - EUR (con cobertura) 200.495,743-9.759,270 190.736,473 JPM Emerging Markets Corporate Bond Portfolio I - B (div) - USD 25.003,001 - - 25.003,001 JPM Emerging Markets Corporate Bond Portfolio I - B (div) - EUR (con cobertura) 24.518,818 - - 24.518,818 JPM Emerging Markets Corporate Bond Portfolio I - C (div) - USD 136.700,000 - - 136.700,000 JPM Emerging Markets Corporate Bond Portfolio I - D (div) - USD 53.253,465-910,116 52.343,349 JPM Emerging Markets Corporate Bond Portfolio I - D (div) - EUR (con cobertura) 428.194,183-9.730,529 418.463,654 JPMorgan Investment Funds - Euro Liquid Market Fund JPM Euro Liquid Market A (acc) - EUR 154.769,275 238.205,830 168.328,642 224.646,463 JPM Euro Liquid Market C (acc) - EUR 38.424,083 234.873,591 192.792,121 80.505,553 JPM Euro Liquid Market D (acc) - EUR 230.546,421 47.345,284 185.659,752 92.231,953 JPMorgan Investment Funds - Europe Bond Fund JPM Europe Bond A (acc) - EUR 128.228,102 36.562,801 49.284,296 115.506,607 JPM Europe Bond A (inc) - EUR 44.334,283 159,000 6.486,499 38.006,784 JPM Europe Bond B (acc) - EUR 29,801 862,078-891,879 JPM Europe Bond C (acc) - EUR 2.226,628 61.660,000 52.551,805 11.334,823 JPM Europe Bond D (acc) - EUR 30.391,491 7.184,349 5.801,225 31.774,615 JPM Europe Bond X (acc) - EUR* 85,589-85,589 - JPMorgan Investment Funds - Europe Recovery Fund JPM Europe Recovery A (acc) - EUR 609.561,395 178,442 346.274,213 263.465,624 JPM Europe Recovery A (dist) - EUR 182.819,061 48,466 93.412,699 89.454,828 JPM Europe Recovery B (acc) - EUR* 999,999-999,999 - JPM Europe Recovery C (acc) - EUR 100,500-8,080 92,420 JPM Europe Recovery D (acc) - EUR 17.711,628 220,486 5.910,064 12.022,050 JPM Europe Recovery X (acc) - EUR 175.664,264 73.753,000 248.227,000 1.190,264 JPMorgan Investment Funds - Europe Select Equity Fund JPM Europe Select Equity A (acc) - EUR 108.357,386 15.042,315 20.104,416 103.295,285 JPM Europe Select Equity A (acc) - USD 8.744,603 1.413,373 6.169,597 3.988,379 JPM Europe Select Equity A (dist) - EUR 57.848,342 16.717,650 5.735,250 68.830,742 JPM Europe Select Equity B (acc) - EUR 85.970,026 6.594,058-92.564,084 JPM Europe Select Equity C (acc) - EUR 797.463,798 185.878,968 259.650,605 723.692,161 JPM Europe Select Equity D (acc) - EUR 60.278,532 5.596,796 18.304,097 47.571,231 JPM Europe Select Equity D (acc) - USD 34,860 - - 34,860 JPM Europe Select Equity I (acc) - EUR 330.128,348 - - 330.128,348 JPM Europe Select Equity X (acc) - EUR 339.555,536 1.645,948 4.983,112 336.218,372 JPM Europe Select Equity X (acc) - EUR (con cobertura) 329.768,799 - - 329.768,799 JPMorgan Investment Funds - Europe Strategic Dividend Fund JPM Europe Strategic Dividend A (acc) - EUR 2.111.407,744 287.501,510 467.050,043 1.931.859,211 JPM Europe Strategic Dividend A (dist) - EUR 99.239,863 93.242,687 10.142,819 182.339,731 JPM Europe Strategic Dividend A (div) - EUR 310,000 27.648,001 10,000 27.948,001 JPM Europe Strategic Dividend A (inc) - EUR 1.191.041,209 127.752,951 44.550,066 1.274.244,094 JPM Europe Strategic Dividend B (acc) - EUR 105.102,605 57.025,608 8.212,043 153.916,170 JPM Europe Strategic Dividend C (acc) - EUR 1.515.145,782 311.748,771 389.391,128 1.437.503,425 JPM Europe Strategic Dividend D (acc) - EUR 224.101,739 32.362,124 67.707,524 188.756,339 JPM Europe Strategic Dividend D (div) - EUR 10,000 3.390,907-3.400,907 JPM Europe Strategic Dividend I (acc) - EUR 348.975,923 86.998,519 36.102,459 399.871,983 JPM Europe Strategic Dividend X (acc) - EUR 58.733,289 33.706,689 11.378,668 81.061,310 JPMorgan Investment Funds - Global Balanced Fund (EUR) JPM Global Balanced (EUR) A (acc) - EUR 71.488,630 19.261,142 19.385,665 71.364,107 JPM Global Balanced (EUR) A (dist) - EUR 10.962,220 504,789 526,009 10.941,000 JPM Global Balanced (EUR) B (acc) - EUR 5.888,901 514,273 948,985 5.454,189 JPM Global Balanced (EUR) C (acc) - EUR 3.588,478 12.060,491 11.481,001 4.167,968 JPM Global Balanced (EUR) D (acc) - EUR 346.289,769 49.866,802 73.477,517 322.679,054 JPM Global Balanced (EUR) T (acc) - EUR 1.265,625 5.251,457 512,716 6.004,366 JPMorgan Investment Funds - Global Balanced Fund (USD) JF Global Balanced (USD) A (acc) - USD 57.606,463 3.359,236 3.345,196 57.620,503 JPM Global Balanced (USD) A (acc) - USD 951.192,359 318.670,121 179.744,757 1.090.117,723 JPM Global Balanced (USD) A (dist) - USD 9.944,167 346,735 8,491 10.282,411 JPM Global Balanced (USD) A (mth) - USD - 10,000-10,000 JPM Global Balanced (USD) B (acc) - USD 80.069,526 3.135,843 2.986,000 80.219,369 JPM Global Balanced (USD) B (mth) - USD - 10,000-10,000 JPM Global Balanced (USD) C (acc) - USD 45.785,030 2.214,990 47.257,420 742,600 JPM Global Balanced (USD) D (acc) - USD 240.427,098 56.353,118 38.870,377 257.909,839 JPM Global Balanced (USD) D (mth) - USD - 10,000-10,000 JPM Global Balanced (USD) X (acc) - USD 33.128,852-2.448,156 30.680,696 JPMorgan Investment Funds - Global Bond Fund (EUR) JPM Global Bond (EUR) A (acc) - EUR 284.791,079 81.358,140 41.831,422 324.317,797 JPM Global Bond (EUR) A (inc) - EUR 18.764,913 325,866 1.145,000 17.945,779 JPM Global Bond (EUR) B (acc) - EUR 8.985,225 12.531,163 1.524,739 19.991,649 JPM Global Bond (EUR) C (acc) - EUR 134.531,156 46.062,795 16.356,368 164.237,583 JPM Global Bond (EUR) D (acc) - EUR 40.942,156 43.998,111 7.873,125 77.067,142 JPM Global Bond (EUR) X (acc) - EUR* 641,645-641,645-16
JPMorgan Investment Funds Variaciones de la Cantidad de Acciones (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Acciones en circulación al inicio período Acciones Suscritas Acciones Rescatadas Acciones en circulación al cierre período JPMorgan Investment Funds - Global Bond Fund (USD) JF Global Bond (USD) A (acc) - USD 2.184,565 1.036,071 256,859 2.963,777 JPM Global Bond (USD) A (acc) - USD 157.314,944 15.109,896 21.475,660 150.949,180 JPM Global Bond (USD) B (acc) - USD 999,999 2.584,462 2.659,482 924,979 JPM Global Bond (USD) C (acc) - USD 3.436,732 108,295 72,640 3.472,387 JPM Global Bond (USD) D (acc) - USD 33.406,302 15.993,200 12.597,102 36.802,400 JPM Global Bond (USD) X (acc) - USD 236.378,854 - - 236.378,854 JPMorgan Investment Funds - Global Capital Appreciation Fund JPM Global Capital Appreciation A (acc) - EUR 195.926,607 12.250,842 37.922,716 170.254,733 JPM Global Capital Appreciation A (dist) - EUR 704,820 4,546-709,366 JPM Global Capital Appreciation A (inc) - EUR 6.268,769 64,919 156,866 6.176,822 JPM Global Capital Appreciation B (acc) - EUR 2.746,414 1.945,870 1.295,071 3.397,213 JPM Global Capital Appreciation C (acc) - EUR 24.857,016 2.832,848 5.073,758 22.616,106 JPM Global Capital Appreciation D (acc) - EUR 305.848,623 5.221,519 96.518,313 214.551,829 JPM Global Capital Appreciation T (acc) - EUR 368,805 898,720 513,221 754,304 JPM Global Capital Appreciation X (acc) - EUR 261.184,709 - - 261.184,709 JPMorgan Investment Funds - Global Capital Preservation Fund (EUR) JPM Global Capital Preservation (EUR) A (acc) - EUR 428.814,256 91.039,175 154.532,964 365.320,467 JPM Global Capital Preservation (EUR) A (acc) - USD 23.960,372 10.573,640 13.807,614 20.726,398 JPM Global Capital Preservation (EUR) A (dist) - EUR 297.576,217 9.622,651 48.490,344 258.708,524 JPM Global Capital Preservation (EUR) A (inc) - EUR 50.795,225 354,053 9.238,409 41.910,869 JPM Global Capital Preservation (EUR) B (acc) - EUR 6.595,268 12,450 973,322 5.634,396 JPM Global Capital Preservation (EUR) C (acc) - EUR 70.522,230 7.740,407 50.481,926 27.780,711 JPM Global Capital Preservation (EUR) D (acc) - EUR 2.771.296,608 29.491,174 1.201.514,602 1.599.273,180 JPM Global Capital Preservation (EUR) D (acc) - SEK (con cobertura) 677.825,728 87.333,319 106.489,774 658.669,273 JPM Global Capital Preservation (EUR) I (acc) - EUR 155.313,692 9.870,000 15.500,000 149.683,692 JPM Global Capital Preservation (EUR) I (inc) - EUR 359.397,252 34.022,699-393.419,951 JPM Global Capital Preservation (EUR) T (acc) - EUR 1.215,101 1.154,539 459,444 1.910,196 JPM Global Capital Preservation (EUR) X (acc) - EUR 429.271,637 2.481,484 49.706,568 382.046,553 JPMorgan Investment Funds - Global Capital Preservation Fund (USD) JPM Global Capital Preservation (USD) A (acc) - USD 409.681,788 62.481,880 145.579,833 326.583,835 JPM Global Capital Preservation (USD) A (mth) - USD - 10,000-10,000 JPM Global Capital Preservation (USD) B (acc) - USD 50,000 - - 50,000 JPM Global Capital Preservation (USD) B (mth) - USD - 10,000-10,000 JPM Global Capital Preservation (USD) D (acc) - USD 144.461,279 4.475,109 50.832,412 98.103,976 JPM Global Capital Preservation (USD) D (mth) - USD - 10,000-10,000 JPMorgan Investment Funds - Global Convertibles Fund (USD) JF Global Convertibles (USD) A (acc) - USD 1.990,472 5.524,439 461,894 7.053,017 JPM Global Convertibles (USD) A (acc) - USD 2.585.100,671 440.034,533 1.004.492,656 2.020.642,548 JPM Global Convertibles (USD) A (mth) - USD - 10,000-10,000 JPM Global Convertibles (USD) B (acc) - USD 332.993,521 36.336,739 153.614,447 215.715,813 JPM Global Convertibles (USD) B (mth) - USD - 10,000-10,000 JPM Global Convertibles (USD) C (acc) - USD 55.917,416 137.679,902 135.567,406 58.029,912 JPM Global Convertibles (USD) D (acc) - USD 194.541,617 13.192,820 35.718,716 172.015,721 JPM Global Convertibles (USD) D (mth) - USD - 10,000-10,000 JPM Global Convertibles (USD) I (acc) - USD 2.400,000 - - 2.400,000 JPM Global Convertibles (USD) X (acc) - USD - 14.614,000 9.393,000 5.221,000 JPMorgan Investment Funds - Global Dividend Fund JPM Global Dividend A (acc) - USD 723.992,692 25.971,044 113.640,188 636.323,548 JPM Global Dividend A (acc) - EUR 23.501,516 1.128,650 6.185,257 18.444,909 JPM Global Dividend A (acc) - EUR (con cobertura) 121.072,919 7.432,326 10.873,690 117.631,555 JPM Global Dividend A (div) - USD - 2.899,046-2.899,046 JPM Global Dividend A (div) - EUR 13,484 1.734,821 47,034 1.701,271 JPM Global Dividend A (div) - EUR (con cobertura) - 81,667-81,667 JPM Global Dividend A (inc) - USD 38.241,161 2.374,649 3.922,294 36.693,516 JPM Global Dividend A (inc) - EUR (con cobertura) 10.808,401 76,556 7.326,567 3.558,390 JPM Global Dividend B (dist) - EUR 19.792,665 - - 19.792,665 JPM Global Dividend C (acc) - EUR 161.931,499 21.702,720 62.182,514 121.451,705 JPM Global Dividend C (div) - EUR 13,484 - - 13,484 JPM Global Dividend D (acc) - USD 16.494,367 11.882,232 5.808,272 22.568,327 JPM Global Dividend D (acc) - EUR (con cobertura) 58.231,736 8.823,601 18.529,039 48.526,298 JPM Global Dividend D (div) - EUR (con cobertura) - 3.638,682 65,388 3.573,294 JPM Global Dividend X (acc) - USD* 24.371,930-24.371,930 - JPMorgan Investment Funds - Global Enhanced Bond Fund JPM Global Enhanced Bond A (acc) - EUR 114.005,906 48.012,729 16.636,747 145.381,888 JPM Global Enhanced Bond A (inc) - EUR 49,539 31,000-80,539 JPM Global Enhanced Bond C (acc) - EUR 22.016,164 60.410,818 21.473,000 60.953,982 JPM Global Enhanced Bond D (acc) - EUR 31.917,709 55.377,547 15.038,596 72.256,660 JPM Global Enhanced Bond X (acc) - EUR 1.204,159 3.740,000 181,160 4.762,999 JPMorgan Investment Funds - Global Financials Fund JPM Global Financials A (acc) - USD 688.347,683 286.574,365 299.830,832 675.091,216 JPM Global Financials A (acc) - EUR 475.919,795 71.200,964 116.904,923 430.215,836 JPM Global Financials A (acc) - SGD 533,284 116,103-649,387 JPM Global Financials A (dist) - USD 864.882,304 10.849,357 94.687,469 781.044,192 JPM Global Financials B (acc) - USD 846.456,959 3.407.833,615 2.505.218,412 1.749.072,162 JPM Global Financials C (acc) - USD 535,597 4.233,999 1.084,225 3.685,371 JPM Global Financials D (acc) - USD 54.345,924 11.644,130 16.315,400 49.674,654 JPM Global Financials X (acc) - USD 9.089,152 - - 9.089,152 17
JPMorgan Investment Funds Variaciones de la Cantidad de Acciones (continuación) Correspondiente al período comprendido entre el 1 de enero de 2012 y el 30 de junio de 2012 Acciones en circulación al inicio período Acciones Suscritas Acciones Rescatadas Acciones en circulación al cierre período JPMorgan Investment Funds - Global High Yield Bond Fund JPM Global High Yield Bond A (acc) - USD 4.191.165,363 2.014.458,255 2.380.759,673 3.824.863,945 JPM Global High Yield Bond A (acc) - EUR (con cobertura) 793.165,818 510.885,006 409.557,633 894.493,191 JPM Global High Yield Bond A (inc) - EUR (con cobertura) 171.075,371 81.662,367 32.834,101 219.903,637 JPM Global High Yield Bond A (mth) - USD 1.290.801,024 5.789.530,575 1.879.027,032 5.201.304,567 JPM Global High Yield Bond A (mth) - HKD - 15.386.495,368 3.693.621,343 11.692.874,025 JPM Global High Yield Bond B (acc) - USD 58.962,171 187.170,858 61.342,544 184.790,485 JPM Global High Yield Bond B (acc) - EUR (con cobertura) 72.429,223 122.248,367 101.362,402 93.315,188 JPM Global High Yield Bond B (mth) - USD - 10,000-10,000 JPM Global High Yield Bond C (acc) - USD 1.568.625,654 1.239.060,131 577.670,818 2.230.014,967 JPM Global High Yield Bond C (acc) - EUR (con cobertura) 1.077.100,871 852.374,583 679.463,857 1.250.011,597 JPM Global High Yield Bond C (dist) - USD - 296.246,719-296.246,719 JPM Global High Yield Bond C (div) - EUR (con cobertura) - 95.364,900-95.364,900 JPM Global High Yield Bond D (acc) - USD 3.169,498 4.723,401 2.787,250 5.105,649 JPM Global High Yield Bond D (acc) - EUR (con cobertura) 333.251,273 79.111,872 80.089,099 332.274,046 JPM Global High Yield Bond I (acc) - USD 4.863,999 229.223,405 7.284,000 226.803,404 JPM Global High Yield Bond I (inc) - EUR (con cobertura) 79.674,467 79.640,000 122.963,000 36.351,467 JPM Global High Yield Bond X (acc) - USD 681.334,355 251.381,000 652.106,051 280.609,304 JPM Global High Yield Bond X (acc) - EUR (con cobertura) 57.582,145 70.173,000 61.246,018 66.509,127 JPMorgan Investment Funds - Global Income Fund JPM Global Income A (acc) - EUR - 11.638,594-11.638,594 JPM Global Income A (acc) - USD (con cobertura) - 6.408,053-6.408,053 JPM Global Income A (div) - EUR 475.887,978 308.413,767 92.969,652 691.332,093 JPM Global Income A (div) - USD (con cobertura) - 709.095,448 123.019,003 586.076,445 JPM Global Income B (acc) - USD (con cobertura) - 8,053-8,053 JPM Global Income B (div) - EUR 137,412 2.564,366 102,692 2.599,086 JPM Global Income B (div) - USD (con cobertura) - 7,432-7,432 JPM Global Income C (acc) - EUR - 5.902,473-5.902,473 JPM Global Income C (div) - EUR 128.878,386 35.442,497 89.245,674 75.075,209 JPM Global Income D (acc) - EUR - 25.305,976 1.300,130 24.005,846 JPM Global Income D (acc) - USD (con cobertura) - 8,053-8,053 JPM Global Income D (div) - EUR 2.501.371,352 464.268,663 380.746,207 2.584.893,808 JPM Global Income D (div) - USD (con cobertura) - 7,432-7,432 JPM Global Income T (div) - EUR 98.190,153 100.730,124 1.922,224 196.998,053 JPM Global Income X (div) - EUR 9.500,000 37.055,000-46.555,000 JPMorgan Investment Funds - Global Select 130/30 Fund JPM Global Select 130/30 A (acc) - USD 98.611,418 1.276,463 13.958,552 85.929,329 JPM Global Select 130/30 A (dist) - USD 111,527 - - 111,527 JPM Global Select 130/30 C (acc) - USD 1.388,019 505,841-1.893,860 JPM Global Select 130/30 D (acc) - USD 30.391,202 889,758 8.086,176 23.194,784 JPMorgan Investment Funds - Global Select Equity Fund JPM Global Select Equity A (acc) - USD 253.427,383 25.565,169 64.616,669 214.375,883 JPM Global Select Equity A (dist) - USD 8.564,697 311,020 50,000 8.825,717 JPM Global Select Equity B (acc) - USD 205,000-7,000 198,000 JPM Global Select Equity C (acc) - USD 347.268,752 24.645,812 48.650,005 323.264,559 JPM Global Select Equity C (acc) - EUR 234.548,619 129.990,142 201.358,381 163.180,380 JPM Global Select Equity D (acc) - USD 32.106,985 3.745,830 6.349,092 29.503,723 JPM Global Select Equity X (acc) - USD 1.051.357,888 - - 1.051.357,888 JPMorgan Investment Funds - Global Total Return Fund JPM Global Total Return A (acc) - EUR 242.518,369 32.444,419 32.578,238 242.384,550 JPM Global Total Return A (dist) - EUR 91,797 0,248-92,045 JPM Global Total Return A (inc) - EUR 97,972 - - 97,972 JPM Global Total Return C (acc) - EUR 4.954,405 6.630,185-11.584,590 JPM Global Total Return D (acc) - EUR 242.870,592 3.217,852 58.417,787 187.670,657 JPMorgan Investment Funds - Highbridge Statistical Market Neutral Fund JPM Highbridge Statistical Market Neutral A (acc) - EUR 1.469.049,662 64.733,855 586.070,323 947.713,194 JPM Highbridge Statistical Market Neutral A (acc) - SEK (con cobertura) 214.279,649 109.553,562 75.120,286 248.712,925 JPM Highbridge Statistical Market Neutral A (acc) - USD 23.005,311 614,672 2.998,081 20.621,902 JPM Highbridge Statistical Market Neutral A (acc) - USD (con cobertura) 96.413,222 5.536,447 13.847,698 88.101,971 JPM Highbridge Statistical Market Neutral A (dist) - GBP 5.113,889 1,365 1.415,806 3.699,448 JPM Highbridge Statistical Market Neutral A (dist) - GBP (con cobertura) 23.359,688 1.784,311 10.923,325 14.220,674 JPM Highbridge Statistical Market Neutral A (inc) - EUR 49.089,243 20,502 3.147,443 45.962,302 JPM Highbridge Statistical Market Neutral B (acc) - EUR 129.892,066 11.465,014 70.910,263 70.446,817 JPM Highbridge Statistical Market Neutral B (dist) - GBP (con cobertura) 161.959,952 1.315,421 163.267,901 7,472 JPM Highbridge Statistical Market Neutral C (acc) - EUR 865.207,050 81.338,130 265.496,996 681.048,184 JPM Highbridge Statistical Market Neutral C (dist) - GBP (con cobertura) 129.896,254 4.954,000 90.721,672 44.128,582 JPM Highbridge Statistical Market Neutral C (dist) - USD (con cobertura) 64.041,446 468,000 58.807,110 5.702,336 JPM Highbridge Statistical Market Neutral D (acc) - EUR 1.406.573,952 9.762,221 427.648,690 988.687,483 JPM Highbridge Statistical Market Neutral D (acc) - USD 6.308,625-130,123 6.178,502 JPM Highbridge Statistical Market Neutral D (acc) - USD (con cobertura) 6.254,021 3.953,673 5.642,150 4.565,544 JPM Highbridge Statistical Market Neutral I (dist) - EUR 103.848,662 106.006,572 129.011,419 80.843,815 JPM Highbridge Statistical Market Neutral T (acc) - EUR 579,650 223,521-803,171 JPM Highbridge Statistical Market Neutral X (acc) - EUR 102.692,002 49.200,000 9.488,000 142.404,002 18