N-Q 1 d414595dnq.htm J.P. MORGAN MUTUAL FUND INVESTMENT TRUST J.P. Morgan Mutual Fund Investment Trust

 

 

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: 811-05526

 

 

J.P. Morgan Mutual Fund Investment Trust

(Exact name of registrant as specified in charter)

 

 

270 Park Avenue

New York, New York 10017

(Address of principal executive offices) (Zip code)

 

 

Frank J. Nasta

270 Park Avenue

New York, New York 10017

(Name and Address of Agent for Service)

 

 

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

Date of fiscal year end: June 30

Date of reporting period: September 30, 2012

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.

J.P. Morgan Mutual Fund Investment Trust

Schedule of Portfolio Investments as of September 30, 2012

(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.

J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.

JPMorgan Distribution Services, Inc.

© JPMorgan Chase & Co., 2012.


JPMorgan Growth Advantage Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF SEPTEMBER 30, 2012 (Unaudited)

(Amounts in thousands)

 

SHARES

  

SECURITY DESCRIPTION

   VALUE($)  

          Common Stocks — 97.5%

  
          Consumer Discretionary — 18.2%   
   Auto Components — 1.7%   
720    Allison Transmission Holdings, Inc.      14,486   
159    BorgWarner, Inc. (a)      10,989   
     

 

 

 
        25,475   
     

 

 

 
   Automobiles — 1.5%   
327    Harley—Davidson, Inc.      13,868   
330    Tesla Motors, Inc. (a)      9,668   
     

 

 

 
        23,536   
     

 

 

 
   Hotels, Restaurants & Leisure — 3.5%   
339    Las Vegas Sands Corp.      15,729   
614    Royal Caribbean Cruises Ltd.      18,555   
381    Starbucks Corp.      19,346   
     

 

 

 
        53,630   
     

 

 

 
   Internet & Catalog Retail — 2.7%   
116    Amazon.com, Inc. (a)      29,476   
19    priceline.com, Inc. (a)      11,570   
     

 

 

 
        41,046   
     

 

 

 
   Media — 2.9%   
462    DIRECTV (a)      24,226   
407    Walt Disney Co. (The)      21,267   
     

 

 

 
        45,493   
     

 

 

 
   Specialty Retail — 2.7%   
426    Home Depot, Inc. (The)      25,723   
225    PetSmart, Inc.      15,507   
     

 

 

 
        41,230   
     

 

 

 
   Textiles, Apparel & Luxury Goods — 3.2%   
410    Michael Kors Holdings Ltd., (Hong   
   Kong) (a)      21,777   
100    V.F. Corp.      15,952   
260    Wolverine World Wide, Inc.      11,541   
     

 

 

 
        49,270   
     

 

 

 
   Total Consumer Discretionary      279,680   
     

 

 

 
Consumer Staples — 1.9%   
   Food Products — 1.5%   
713    Dean Foods Co. (a)      11,656   
152    Mead Johnson Nutrition Co.      11,153   
     

 

 

 
        22,809   
     

 

 

 
   Personal Products — 0.4%   
138    Herbalife Ltd., (Cayman Islands)      6,536   
     

 

 

 
   Total Consumer Staples      29,345   
     

 

 

 
Energy — 5.5%   
   Energy Equipment & Services — 1.9%   
302    Cameron International Corp. (a)      16,949   
168    Dril-Quip, Inc. (a)      12,054   
     

 

 

 
        29,003   
     

 

 

 
   Oil, Gas & Consumable Fuels — 3.6%   
237    Concho Resources, Inc. (a)      22,494   
308    Laredo Petroleum Holdings, Inc. (a)      6,763   
129    Pioneer Natural Resources Co.      13,457   
183    Range Resources Corp.      12,758   
     

 

 

 
        55,472   
     

 

 

 
   Total Energy      84,475   
     

 

 

 
Financials — 9.4%   
   Capital Markets — 0.9%   
228    T. Rowe Price Group, Inc.      14,451   
     

 

 

 
   Commercial Banks — 3.5%   
135    M&T Bank Corp.      12,828   
594    U.S. Bancorp      20,388   
595    Wells Fargo & Co.      20,545   
     

 

 

 
        53,761   
     

 

 

 
   Consumer Finance — 1.2%   
324    American Express Co.      18,417   
     

 

 

 
   Diversified Financial Services — 1.1%   
397    Moody’s Corp.      17,536   
     

 

 

 
   Insurance — 1.8%   
266    ACE Ltd., (Switzerland)      20,079   
292    Amtrust Financial Services, Inc.      7,471   
     

 

 

 
        27,550   
     

 

 

 
   Real Estate Investment Trusts (REITs) — 0.9%   
388    Prologis, Inc.      13,578   
     

 

 

 
   Total Financials      145,293   
     

 

 

 
Health Care — 12.4%   
   Biotechnology — 4.7%   
360    Aegerion Pharmaceuticals, Inc. (a)      5,341   
130    Alexion Pharmaceuticals, Inc. (a)      14,826   
220    Biogen Idec, Inc. (a)      32,890   
60    Regeneron Pharmaceuticals, Inc. (a)      9,221   
180    Vertex Pharmaceuticals, Inc. (a)      10,049   
     

 

 

 
        72,327   
     

 

 

 
   Health Care Providers & Services — 2.1%   
144    Humana, Inc.      10,073   
410    UnitedHealth Group, Inc.      22,735   
     

 

 

 
        32,808   
     

 

 

 
   Life Sciences Tools & Services — 1.0%   
399    Agilent Technologies, Inc.      15,338   
     

 

 

 


JPMorgan Growth Advantage Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF SEPTEMBER 30, 2012 (Unaudited) (continued)

(Amounts in thousands)

 

SHARES

  

SECURITY DESCRIPTION

   VALUE($)  

          Common Stocks — Continued

  
   Pharmaceuticals — 4.6%   
259    Allergan, Inc.      23,737   
73    Novo Nordisk A/S, (Denmark), ADR      11,489   
322    Valeant Pharmaceuticals International, Inc., (Canada) (a)      17,808   
204    Watson Pharmaceuticals, Inc. (a)      17,330   
     

 

 

 
        70,364   
     

 

 

 
   Total Health Care      190,837   
     

 

 

 
Industrials — 14.8%   
   Aerospace & Defense — 1.1%   
121    TransDigm Group, Inc. (a)      17,212   
     

 

 

 
   Building Products — 0.8%   
432    Fortune Brands Home & Security, Inc. (a)      11,657   
     

 

 

 
   Construction & Engineering — 1.0%   
265    Fluor Corp.      14,909   
     

 

 

 
   Electrical Equipment — 1.4%   
288    Cooper Industries plc      21,640   
     

 

 

 
   Industrial Conglomerates — 1.5%   
449    Carlisle Cos., Inc.      23,328   
     

 

 

 
   Machinery — 1.6%   
382    Pall Corp.      24,228   
     

 

 

 
   Professional Services — 0.8%   
440    Nielsen Holdings N.V. (a)      13,176   
     

 

 

 
   Road & Rail — 2.8%   
141    Canadian Pacific Railway Ltd., (Canada)      11,704   
383    J.B. Hunt Transport Services, Inc.      19,921   
406    Old Dominion Freight Line, Inc. (a)      12,237   
     

 

 

 
        43,862   
     

 

 

 
   Trading Companies & Distributors — 3.8%   
488    Air Lease Corp. (a)      9,957   
222    MSC Industrial Direct Co., Inc., Class A      15,003   
456    Rush Enterprises, Inc., Class A (a)      8,773   
55    W.W. Grainger, Inc.      11,544   
176    Watsco, Inc.      13,331   
     

 

 

 
        58,608   
     

 

 

 
   Total Industrials      228,620   
     

 

 

 
Information Technology — 31.4%   
   Communications Equipment — 2.9%   
173    F5 Networks, Inc. (a)      18,145   
62    Palo Alto Networks, Inc. (a)      3,811   
361    QUALCOMM, Inc.      22,584   
     

 

 

 
        44,540   
     

 

 

 
   Computers & Peripherals — 10.1%   
201    Apple, Inc.      134,353   
802    EMC Corp. (a)      21,873   
     

 

 

 
        156,226   
     

 

 

 
   Internet Software & Services — 5.0%   
57    Google, Inc., Class A (a)      42,705   
75    LinkedIn Corp., Class A (a)      8,970   
300    OpenTable, Inc. (a)      12,492   
186    Rackspace Hosting, Inc. (a)      12,266   
     

 

 

 
        76,433   
     

 

 

 
   IT Services — 2.3%   
65    MasterCard, Inc., Class A      29,391   
541    ServiceSource International, Inc. (a)      5,547   
     

 

 

 
        34,938   
     

 

 

 
   Semiconductors & Semiconductor Equipment — 4.0%   
223    ASML Holding N.V., (Netherlands)      11,954   
642    Avago Technologies Ltd., (Singapore)      22,380   
419    Broadcom Corp., Class A (a)      14,472   
419    Microchip Technology, Inc.      13,731   
     

 

 

 
        62,537   
     

 

 

 
   Software — 7.1%   
176    Citrix Systems, Inc. (a)      13,492   
160    FactSet Research Systems, Inc.      15,427   
633    Nuance Communications, Inc. (a)      15,751   
311    Red Hat, Inc. (a)      17,714   
101    Salesforce.com, Inc. (a)      15,437   
178    SolarWinds, Inc. (a)      9,927   
267    Splunk, Inc. (a)      9,815   
388    TIBCO Software, Inc. (a)      11,714   
     

 

 

 
        109,277   
     

 

 

 
   Total Information Technology      483,951   
     

 

 

 
Materials — 3.9%   
   Chemicals — 3.9%   
315    FMC Corp.      17,417   
108    PPG Industries, Inc.      12,380   
207    Sherwin-Williams Co. (The)      30,884   
     

 

 

 
   Total Materials      60,681   
     

 

 

 
  

Total Common Stocks

(Cost $1,184,089)

     1,502,882   
     

 

 

 


JPMorgan Growth Advantage Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF SEPTEMBER 30, 2012 (Unaudited) (continued)

(Amounts in thousands)

 

SHARES

  

SECURITY DESCRIPTION

   VALUE($)  
          Common Stocks — Continued   

Short-Term Investment — 1.7%

  
   Investment Company — 1.7%   
25,935    JPMorgan Prime Money Market Fund, Institutional Class Shares, 0.100% (b) (l) (m)
(Cost $25,935)
     25,935   
     

 

 

 
  

Total Investments — 99.2%

(Cost $1,210,024)

     1,528,817   
   Other Assets in Excess of Liabilities — 0.8%      12,000   
     

 

 

 
   NET ASSETS — 100.0%    $ 1,540,817   
     

 

 

 

Percentages indicated are based on net assets.


JPMorgan Growth Advantage Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF SEPTEMBER 30, 2012 (Unaudited) (continued)

(Amounts in thousands)

 

NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS:

 

ADR     American Depositary Receipt
(a)   Non-income producing security.
(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.
(l)   The rate shown is the current yield as of September 30, 2012.
(m)   All or a portion of this security is reserved and/or pledged with the custodian for current or potential holdings of futures, swaps, options, TBAs, when-issued securities, delayed delivery securities, reverse repurchase agreements, unfunded commitments and/or forward foreign currency exchange contracts.

As of September 30, 2012, 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

   $ 338,818   

Aggregate gross unrealized depreciation

     (20,025
  

 

 

 

Net unrealized appreciation/depreciation

   $ 318,793   
  

 

 

 

Federal income tax cost of investments

   $ 1,210,024   
  

 

 

 


JPMorgan Growth Advantage Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF SEPTEMBER 30, 2012 (Unaudited) (continued)

(Amounts in thousands)

 

The various inputs that are used in determining the fair value of the Fund’s investments 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)

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input both individually and in the aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”) (amounts in thousands):

 

      Level 1
Quoted prices
     Level 2
Other significant observable
inputs
     Level 3
Significant unobservable
inputs
     Total  

Total Investments in Securities (a)

   $ 1,517,328       $ 11,489       $ —         $ 1,528,817   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) All portfolio holdings designated as Level 1 and Level 2 are disclosed individually in the SOI. Level 2 consists of certain ADRs, the report value of which is an evaluated price. Please refer to the SOI for industry specifics of portfolio holdings.

There were no transfers between Levels 1 and 2 during the period ended September 30, 2012.


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.

J.P. Morgan Mutual Fund Investment Trust

 

By:   /s/   Patricia A. Maleski
  Patricia A. Maleski
  President and Principal Executive Officer
  November 29, 2012

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/   Patricia A. Maleski
  Patricia A. Maleski
  President and Principal Executive Officer
  November 29, 2012
By:   /s/   Joy C. Dowd
  Joy C. Dowd
  Treasurer and Principal Financial Officer
  November 29, 2012