-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R/ZrGDmaqqSB0T6MDDF7RShqB3u2YUVkedF1tNrPJf9i7ydXCf/jyqyV7w2aO3oj cXpNmi187ZNgP+muPfIFUw== 0001145443-08-001756.txt : 20080528 0001145443-08-001756.hdr.sgml : 20080528 20080527183913 ACCESSION NUMBER: 0001145443-08-001756 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080528 DATE AS OF CHANGE: 20080527 EFFECTIVENESS DATE: 20080528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN TRUST II CENTRAL INDEX KEY: 0000763852 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04236 FILM NUMBER: 08861905 BUSINESS ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 1111 POLARIS PARKWAY CITY: COLUMBUS STATE: OH ZIP: 43240 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 1111 POLARIS PARKWAY CITY: COLUMBUS STATE: OH ZIP: 43240 FORMER COMPANY: FORMER CONFORMED NAME: ONE GROUP MUTUAL FUNDS DATE OF NAME CHANGE: 20000721 FORMER COMPANY: FORMER CONFORMED NAME: ONE GROUP DATE OF NAME CHANGE: 19931105 FORMER COMPANY: FORMER CONFORMED NAME: HELMSMAN FUND DATE OF NAME CHANGE: 19920703 0000763852 S000003652 JPMorgan U.S. Real Estate Fund C000010150 Select Class SUIEX C000010151 Class A SUSIX C000010152 Class C JPRCX C000033522 Class R5 N-Q 1 d23257.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number: 811-04236

 

JPMorgan Trust II

(Exact name of registrant as specified in charter)

 

245 Park Avenue

New York, New York 10167

(Address of principal executive offices) (Zip code)

 

John Fitzgerald

245 Park Avenue

New York, New York 10167

(Name and Address of Agent for Service)

 

Registrant’s telephone number, including area code: (800) 480-4111

 

Date of fiscal year end: December 31

 

Date of reporting period: March 31, 2008

 

ITEM 1. SCHEDULE OF INVESTMENTS.

 

JPMorgan Trust II

Schedule of Portfolio Investments as of March 31, 2008

(Unaudited)

 

THE “UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS” LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR SALES LITERATURE WITH THE GENERAL PUBLIC. The list is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by a prospectus. The list has been created from the books and records of the Fund. Certified holdings are available 60 days after the fund’s fiscal quarter, using a trade date accounting convention, by contacting the appropriate service center.  The list is subject to change without notice. The list is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.

 

JPMorgan Asset Management is the marketing name for the asset management business of J.P. Morgan Chase & Co.

 

JPMorgan Distribution Services, Inc.

 

© J.P. Morgan Chase & Co., 2006.

 


JPMorgan U.S. Real Estate Fund

Schedule of Portfolio Investments
As of March 31, 2008 (Unaudited)
(Amounts in thousands)

               
 

 

   

Shares

   

Security Description

   

Value ($)

 
               
 

Long-Term Investments — 96.6%

 
               
 

Common Stocks — 96.6%

 

               
 

Diversified — 1.5%

 
 

 

   

109

   

Vornado Realty Trust

   

9,380

 
               
 

Health Care — 7.4%

 
 

 

   

564

   

HCP, Inc.

   

19,079

 
 

 

   

620

   

Ventas, Inc.

   

27,853

 
 

 

   

 

   

 

   

46,932

 
               
 

Hotels — 8.3%

 
 

 

   

721

   

Starwood Hotels & Resorts Worldwide, Inc.

   

37,307

 
 

 

   

1,186

   

Strategic Hotel & Resorts, Inc.

   

15,567

 
 

 

   

 

   

 

   

52,874

 
               
 

Industrial — 9.8%

 
 

 

   

338

   

AMB Property Corp.

   

18,410

 
 

 

   

749

   

ProLogis

   

44,092

 
 

 

   

 

   

 

   

62,502

 
               
 

Multifamily — 18.3%

 
 

 

   

350

   

AvalonBay Communities, Inc.

   

33,743

 
 

 

   

306

   

Camden Property Trust

   

15,371

 
 

 

   

1,108

   

Equity Residential

   

45,983

 
 

 

   

189

   

Essex Property Trust, Inc.

   

21,520

 
 

 

   

 

   

 

   

116,617

 
               
 

Office — 19.2%

 
 

 

   

529

   

Boston Properties, Inc.

   

48,687

 
 

 

   

691

   

Corporate Office Properties Trust

   

23,221

 
 

 

   

707

   

Mack-Cali Realty Corp.

   

25,250

 
 

 

   

307

   

SL Green Realty Corp.

   

24,979

 
 

 

   

 

   

 

   

122,137

 
               
 

Regional Malls — 17.3%

 
 

 

   

249

   

General Growth Properties, Inc.

   

9,504

 
 

 

   

357

   

Macerich Co. (The)

   

25,079

 
 

 

   

592

   

Simon Property Group, Inc.

   

54,994

 
 

 

   

396

   

Taubman Centers, Inc.

   

20,621

 
 

 

   

 

   

 

   

110,198

 
               
 

Shopping Center — 8.7%

 
 

 

   

357

   

Federal Realty Investment Trust

   

27,852

 
 

 

   

799

   

Weingarten Realty Investors

   

27,507

 
 

 

   

 

   

 

   

55,359

 
               
 

Storage — 6.1%

 
 

 

   

823

   

Extra Space Storage, Inc.

   

13,321

 
 

 

   

284

   

Public Storage

   

25,160

 
 

 

   

 

   

 

   

38,481

 
 

 

   

 

   

Total Long-Term Investments

   

 

 
 

 

   

 

   

(Cost $537,826)

   

614,480

 
               
 

Short-Term Investment — 2.6%

 
               
 

Investment Company — 2.6%

 
                       
 

 

   

16,658

   

JPMorgan Prime Money Market Fund, Institutional Class (b)

   

 

 
 

 

   

 

   

(Cost $16,658)

   

16,658

 
               
 

Total Investments — 99.2%

 
 

(Cost $554,484)

   

 

   

 

   

631,138

 
               
 

Other Assets in Excess of Liabilities — 0.8%

   

4,784

 
               
 

NET ASSETS — 100.0%

  $

635,922

 

       
 

Percentages indicated are based on net assets.

   

 

 

       
 

ABBREVIATIONS AND DEFINITIONS:

   

 

 

   
 

(b)

   

Investment in affiliate. Money market fund registered under the Investment Company Act of 1940, as amended, and advised by J.P. Morgan Investment Management Inc.

 

               
 

As of March 31, 2008 the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for federal income tax purposes was as follows:

 

               
 

Aggregate gross unrealized appreciation

   

113,304

 
 

Aggregate gross unrealized depreciation

   

(36,650

)
 

Net unrealized appreciation

  $

76,654

 
 

Federal income tax cost of investments

  $

554,484

 

In September 2006, the Statement of Financial Accounting Standards No. 157 - Fair Value Measurements- (“SFAS 157”), was issued and is effective for fiscal years beginning after November 15, 2007. SFAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. SFAS 157 requires disclosure surrounding the various inputs that are used in determining the value of the Fund’s investments. These inputs are summarized into the three broad levels listed below.


     •     Level — 1 quoted prices in active markets for identical securities
     •     Level — 2 other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
     •     Level — 3 significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of March 31, 2008, in valuing the Fund’s assets and liabilities carried at fair value:

                   
 

Valuation Inputs

   

Investments in Securities

   

Liabilities in Securities Sold Short

   

Appreciation in Other Financial Instruments*

   

Depreciation in Other Financial Instruments*

 
 

U.S. Real Estate Fund

 

 

   

 

   

 

 
 

Level 1

  $

631,138

  $

  $

  $

 
 

Level 2

   

   

   

   

 
 

Level 3

   

   

   

   

 
 

Total

  $

631,138

  $

  $

  $

 

* Other financial instruments include futures, forwards and swap contracts.


 

ITEM 2. CONTROLS AND PROCEDURES.

 

 

(a)

The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

 

 

(b)

There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal controls over financial reporting.

 

ITEM 3. EXHIBITS.

 

CERTIFICATIONS PURSUANT TO RULE 30a-2(a) UNDER THE INVESTMENT COMPANY ACT OF 1940 ARE ATTACHED HERETO.

 

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

JPMorgan Trust II

 

By:

/s/____________________________________

George C. W. Gatch

President and Principal Executive Officer

May 23, 2008

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

/s/____________________________________

George C. W. Gatch

President and Principal Executive Officer

May 23, 2008

 

By:

/s/____________________________________

Patricia A. Maleski

Principal Financial Officer

May 23, 2008

 


EX-99.302CERT 2 d23257_ex99-302cert.htm

EXHIBIT 99.302CERT

 

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE INVESTMENT COMPANY ACT OF 1940

 

I, George C.W. Gatch, certify that:

 

 

1.

I have reviewed this report on Form N-Q of JPMorgan U.S. Real Estate Fund (the “Fund”), a series of JPMorgan Trust II (the “Registrant”);

 

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

3.

Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Fund as of the end of the fiscal quarter for which the report is filed;

 

 

4.

The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the Fund and have:

 

a)     Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Fund, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)     Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)     Evaluated the effectiveness of the Fund’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

d)     Disclosed in this report any change in the Fund’s internal control over financial reporting that occurred during the Fund’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting; and

 

 

5.

The Registrant's other certifying officer and I have disclosed to the Fund’s auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

 

 

a)

All significant deficiencies and material weakness in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Fund’s ability to record, process, summarize, and report financial information; and

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Fund’s internal control over financial reporting.

 

 

Date:

May 23, 2008

By:

/s/_________________________________

 

George C.W. Gatch

 

President and Principal Executive Officer

 


CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE INVESTMENT COMPANY ACT OF 1940

 

I, Patricia A. Maleski, certify that:

 

 

1.

I have reviewed this report on Form N-Q of JPMorgan U.S. Real Estate Fund (the “Fund”), a series of JPMorgan Trust II (the “Registrant”);

 

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

3.

Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Fund as of the end of the fiscal quarter for which the report is filed;

 

 

4.

The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the Fund and have:

 

a)     Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Fund, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)     Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)     Evaluated the effectiveness of the Fund’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

d)     Disclosed in this report any change in the Fund’s internal control over financial reporting that occurred during the Fund’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting; and

 

 

5.

The Registrant's other certifying officer and I have disclosed to the Fund’s auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

 

 

a)

All significant deficiencies and material weakness in the design or operation of internal control over financial

 

reporting which are reasonably likely to adversely affect the Fund’s ability to record, process,

 

summarize, and report financial information; and

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Fund’s internal control over financial reporting.

 

 

Date:

May 23, 2008

By:

/s/_________________________________

Patricia A. Maleski

Principal Financial Officer

 

 


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