0001752724-22-126317.txt : 20220527 0001752724-22-126317.hdr.sgml : 20220527 20220527102252 ACCESSION NUMBER: 0001752724-22-126317 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220527 PERIOD START: 20220630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Trust I CENTRAL INDEX KEY: 0001217286 IRS NUMBER: 331043149 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21295 FILM NUMBER: 22973477 BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 0001217286 S000018068 JPMorgan SmartRetirement 2050 Fund C000050060 Class A JTSAX C000050061 Class C JTSCX C000050062 Class I JTSSX C000050063 Class R5 JTSIX C000070636 Class R2 JTSZX C000148433 Class R6 JTSYX C000169495 Class R3 JTSPX C000169496 Class R4 JTSQX NPORT-P 1 primary_doc.xml NPORT-P false 0001217286 XXXXXXXX S000018068 C000148433 C000070636 C000050060 C000169495 C000050062 C000050061 C000169496 C000050063 JPMorgan Trust I 811-21295 0001217286 549300DM5WZMCZZ70R78 277 Park Avenue New York 10172 800-480-4111 JPMorgan SmartRetirement 2050 Fund S000018068 549300S4F9ZOVKLFHG93 2022-06-30 2022-03-31 N 3399080670.47 554231.55 3398526438.92 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 714351.46000000 N JPMorgan Small Cap Value Fund 549300V4YKXS0HHDUK18 JPMorgan Small Cap Value Fund, Class R6 4812C0225 591888.46100000 NS USD 17585006.18000000 0.517430318582 Long RF US N 1 N N N JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 549300S2VYDS8QJGW220 JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 46641Q340 997147.00000000 NS USD 85295954.38000000 2.509792285361 Long RF US N 1 N N N JPMorgan Emerging Markets Debt Fund 8KLDAXM5A9FOP50PQD10 JPMorgan Emerging Markets Debt Fund, Class R6 48121A134 3252024.62300000 NS USD 22276368.67000000 0.655471395334 Long RF US N 1 N N N N/A N/A DJ US Real Estate Index N/A 818.00000000 NC USD 1047499.00000000 0.030822152448 N/A DE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Long DJ US Real Estate Index XC0006882473 2022-06-17 34086060.00000000 USD 1047499.00000000 N N N N/A N/A MSCI EAFE E-Mini Index N/A 73.00000000 NC USD 422701.39000000 0.012437784363 N/A DE US N 1 ICE Clear US 549300HWWR1D8OTS2G29 Long MSCI EAFE E-Mini Index MSDUEAFE Index 2022-06-17 7827060.00000000 USD 422701.39000000 N N N JPMorgan International Research Enhanced Equity Fund HXS35OABUD2FH4OQXR78 JPMorgan International Research Enhanced Equity Fund, Class R6 4812CA637 17539649.27700000 NS USD 335884283.65000000 9.883232915402 Long RF US N 1 N N N JPMorgan Realty Income Fund 549300IJYII8K4BC2M84 JPMorgan Realty Income Fund, Class R6 904504453 5926396.12200000 NS USD 98141119.78000000 2.887755076908 Long RF US N 1 N N N JPMorgan Income Fund 549300J9G10ZQTTAFU03 JPMorgan Income Fund, Class R6 46637K216 1712374.34300000 NS USD 15514111.55000000 0.456495243713 Long RF US N 1 N N N JPMorgan ActiveBuilders Emerging Markets Equity ETF 549300YT4VMRJKDB1P44 JPMorgan ActiveBuilders Emerging Markets Equity ETF 46641Q266 874548.00000000 NS USD 35970159.24000000 1.058404572878 Long RF US N 1 N N N JPMorgan Core Plus Bond Fund JW89OQCNJOLWVS3KT374 JPMorgan Core Plus Bond Fund, Class R6 4812C0134 12567568.46700000 NS USD 99535142.26000000 2.928773515489 Long RF US N 1 N N N JPMorgan Emerging Markets Research Enhanced Equity Fund 549300RH6H0TG40PHS83 JPMorgan Emerging Markets Research Enhanced Equity Fund, Class R6 46645V626 14051307.51000000 NS USD 246600446.80000000 7.256099113307 Long RF US N 1 N N N N/A N/A Russell 2000 E-Mini Index N/A 89.00000000 NC USD 567771.83000000 0.016706412034 N/A DE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Long Russell 2000 E-Mini Index US1248351090 2022-06-17 9189695.00000000 USD 567771.83000000 N N N JPMorgan Small Cap Equity Fund 549300RO68EY7ZS30I29 JPMorgan Small Cap Equity Fund, Class R6 48127B862 551820.76900000 NS USD 34406024.95000000 1.012380676400 Long RF US N 1 N N N JPMorgan High Yield Fund 15QB5UY3VV3GNSMNPX63 JPMorgan High Yield Fund, Class R6 4812C0126 6874364.21700000 NS USD 47433113.10000000 1.395696457052 Long RF US N 1 N N N N/A N/A MSCI Emerging Markets E-Mini Index N/A -940.00000000 NC USD -4326120.80000000 -0.12729401632 N/A DE US N 1 ICE Clear US 549300HWWR1D8OTS2G29 Short MSCI Emerging Markets E-Mini Index US55353S1050 2022-06-17 -52879700.00000000 USD -4326120.80000000 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 91282CBG5 14270000.00000000 PA USD 14101101.14000000 0.414918094457 Long DBT UST US N 2 2023-01-31 Fixed 0.12500000 N N N N N N JPMorgan International Equity Fund HQ7PRYSQNFVGDT1BSL78 JPMorgan International Equity Fund, Class R6 48121L882 12029264.94100000 NS USD 222902279.36000000 6.558791975466 Long RF US N 1 N N N N/A N/A S&P 500 E-Mini Index N/A 277.00000000 NC USD 5090327.69000000 0.149780435182 N/A DE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Long S&P 500 E-Mini Index US78378X1072 2022-06-17 62761275.00000000 USD 5090327.69000000 N N N JPMorgan U.S. Government Money Market Fund 8I5DZWZKVSZI1NUHU748 JPMorgan U.S. Government Money Market Fund, Class IM 4812C2270 98967904.08000000 NS USD 98967904.08000000 2.912082805848 Long STIV RF US N 1 N N N JPMorgan Large Cap Value Fund 549300JPSGHFE3RK0F55 JPMorgan Large Cap Value Fund, Class R6 48121L833 0.00300000 NS USD 0.06000000 0.000000001765 Long RF US N 1 N N N JPMorgan U.S. Research Enhanced Equity Fund 549300VOOZNRR4HQN096 JPMorgan U.S. Research Enhanced Equity Fund, Class R6 4812A1837 11531104.15980000 NS USD 403012090.39000000 11.85843622620 Long RF US N 1 N N N JPMorgan Growth Advantage Fund 549300WH8DD4YVIMGX89 JPMorgan Growth Advantage Fund, Class R6 46640W108 12988245.87400000 NS USD 414195160.92000000 12.18749267849 Long RF US N 1 N N N JPMorgan Small Cap Growth Fund 549300O2OV2J830JXI18 JPMorgan Small Cap Growth Fund, Class R6 48121L825 775459.37200000 NS USD 17191934.28000000 0.505864367659 Long RF US N 1 N N N JPMorgan International Focus Fund 549300RMZ0H6Q5148Y98 JPMorgan International Focus Fund, Class R6 48121L130 10063413.66900000 NS USD 248666951.76000000 7.316905024255 Long RF US N 1 N N N JPMorgan High Yield Research Enhanced ETF 549300UUJZT2ZWE64W88 JPMorgan High Yield Research Enhanced ETF 46641Q878 710383.00000000 NS USD 34744051.11000000 1.022326932993 Long RF US N 1 N N N JPMorgan Emerging Markets Equity Fund YGO3SVACG8PL3FXK2G86 JPMorgan Emerging Markets Equity Fund, Class R6 48121L122 612572.20700000 NS USD 19583933.46000000 0.576247788915 Long RF US N 1 N N N JPMorgan U.S. Equity Fund 549300O4STN5CE50YK08 JPMorgan U.S. Equity Fund, Class R6 48121L817 18891544.19800000 NS USD 399367244.35000000 11.75118839084 Long RF US N 1 N N N JPMorgan Core Bond Fund DQ695W4P67V7A4LC6I09 JPMorgan Core Bond Fund, Class R6 4812C0100 4315357.77800000 NS USD 48073085.65000000 1.414527340422 Long RF US N 1 N N N JPMorgan BetaBuilders MSCI US REIT ETF 549300UDD0DL9T2E4I67 JPMorgan BetaBuilders MSCI US REIT ETF 46641Q738 373715.00000000 NS USD 39763276.00000000 1.170015202607 Long RF US N 1 N N N JPMorgan Value Advantage Fund 549300P7ZUUEK5GQXK57 JPMorgan Value Advantage Fund, Class R6 46641U382 9840654.26600000 NS USD 400711441.71000000 11.79074074931 Long RF US N 1 N N N 2022-05-02 JPMorgan Trust I Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 HG_SR2050.htm HTML

JPMorgan SmartRetirement® 2050 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited)

 

Investments

    Shares (000)      Value ($000)  
               

INVESTMENT COMPANIES — 92.7%

 

Alternative Assets — 2.9%

      

JPMorgan Realty Income Fund Class R6 Shares (a)

      5,926        98,141  
     

 

 

  

Fixed Income — 6.7%

      

JPMorgan Core Bond Fund Class R6 Shares (a)

      4,040        45,001  

JPMorgan Core Plus Bond Fund Class R6 Shares (a)

      17,012        134,735  

JPMorgan Emerging Markets Debt Fund Class R6 Shares (a)

      3,852        26,386  

JPMorgan High Yield Fund Class R6 Shares (a)

      3,066        21,155  
     

 

 

  

Total Fixed Income

         227,277  
     

 

 

  

International Equity — 32.5%

      

JPMorgan Emerging Markets Equity Fund Class R6 Shares (a)

      1,166        37,264  

JPMorgan Emerging Markets Research Enhanced Equity Fund Class R6 Shares (a)

      10,803        189,590  

JPMorgan International Equity Fund Class R6 Shares (a)

      13,713        254,102  

JPMorgan International Focus Fund Class R6 Shares (a)

      10,063        248,667  

JPMorgan International Research Enhanced Equity Fund Class R6 Shares (a)

      19,350        370,551  
     

 

 

  

Total International Equity

         1,100,174  
     

 

 

  

U.S. Equity — 50.6%

      

JPMorgan Growth Advantage Fund Class R6 Shares * (a)

      13,111        418,099  

JPMorgan Small Cap Equity Fund Class R6 Shares (a)

      592        36,882  

JPMorgan Small Cap Growth Fund Class R6 Shares * (a)

      828        18,358  

JPMorgan Small Cap Value Fund Class R6 Shares (a)

      618        18,361  

JPMorgan U.S. Equity Fund Class R6 Shares (a)

      18,892        399,367  

JPMorgan U.S. Research Enhanced Equity Fund Class R6 Shares (a)

      11,531        403,012  

JPMorgan Value Advantage Fund Class R6 Shares (a)

      10,325        420,443  
     

 

 

  

Total U.S. Equity

         1,714,522  
     

 

 

  

TOTAL INVESTMENT COMPANIES

(Cost $2,562,649)

 

 

      3,140,114  
     

 

 

  

EXCHANGE-TRADED FUNDS — 6.1%

      

Alternative Assets — 1.1%

      

JPMorgan BetaBuilders MSCI US REIT ETF (a)

      345        36,671  
     

 

 

  

Fixed Income — 0.6%

      

JPMorgan High Yield Research Enhanced ETF (a)

      431        21,103  
     

 

 

  

International Equity — 1.6%

      

JPMorgan ActiveBuilders Emerging Markets Equity ETF (a)

      1,291        53,091  
     

 

 

  

U.S. Equity — 2.8%

      

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (a)

      1,111        95,019  
     

 

 

  

TOTAL EXCHANGE-TRADED FUNDS

(Cost $190,797)

 

 

      205,884  
     

 

 

  
     Principal
Amount
($000)		         

U.S. TREASURY OBLIGATIONS — 0.4%

      

U.S. Treasury Notes 0.13%, 1/31/2023 (b)

(Cost $14,226)

      14,270        14,101  
     

 

 

  
     Shares (000)         

SHORT-TERM INVESTMENTS — 2.9%

      

INVESTMENT COMPANIES — 2.9%

      

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.26% (a) (c)

(Cost $98,968)

      98,968        98,968  
     

 

 

  

Total Investments — 102.1%

(Cost $2,866,640)

 

 

      3,459,067  

Liabilities in Excess of Other Assets — (2.1)%

 

      (71,375 ) 
     

 

 

  

Net Assets — 100.0%

 

      3,387,692  
     

 

 

  

 

Percentages indicated are based on net assets.

JPMorgan SmartRetirement® 2050 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Abbreviations

 

ETF

Exchange-Traded Fund

REIT

Real Estate Investment Trust

 

(a)

Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

(b)

All or a portion of this security is deposited with the broker as initial margin for futures contracts.

(c)

The rate shown is the current yield as of March 31, 2022.

*

Non-income producing security.

Detailed information about investment portfolios of the underlying funds and ETFs can be found in shareholder reports filed with the Securities and Exchange Commission (SEC) by each such underlying fund semi-annually on Form N-CSR and in portfolio holdings filed quarterly on Form N-PORT, and are available for download from both the SEC’s as well as the respective underlying fund’s website. Detailed information about underlying J.P. Morgan Funds can also be found at www.jpmorganfunds.com or by calling 1-800-480-4111.

Futures contracts outstanding as of March 31, 2022 (amounts in thousands, except number of contracts):

 

Description

    Number of
Contracts		     Expiration
Date		      Trading
Currency		      Notional Amount
($)		     Value and
Unrealized
Appreciation
(Depreciation) ($)		  

Long Contracts

 

DJ US Real Estate Index

      328       06/2022        USD        13,668       423  

MSCI EAFE E-Mini Index

      223       06/2022        USD        23,910       405  

S&P 500 E-Mini Index

      337       06/2022        USD        76,356       5,086  
            

 

 

  
               5,914  
            

 

 

  

Short Contracts

             

MSCI Emerging Markets E-Mini Index

      (940 )      06/2022        USD        (52,880 )      (4,326 ) 

Russell 2000 E-Mini Index

      (2 )      06/2022        USD        (207 )      —   (a) 
               (4,326 ) 
            

 

 

  
               1,588  
            

 

 

  

Abbreviations

 

EAFE

Europe, Australasia and Far East

MSCI

Morgan Stanley Capital International

USD

United States Dollar

(a)

Amount rounds to less than one thousand.

JPMorgan SmartRetirement® 2050 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

(Dollar values in thousands)

 

A. Valuation of Investments — Investments are valued in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Fund’s valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

J.P. Morgan Investment Management Inc. (the “Administrator”) has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Fund’s investments. The Administrator implements the valuation policies of the Fund’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Fund. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.

Investments in open-end investment companies, excluding exchange-traded funds (“ETFs”) (“Underlying Funds”), are valued at each Underlying Fund’s NAV per share as of the report date.

Futures contracts are generally valued on the basis of available market quotations.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund’s investments are summarized into the three broad levels listed below.

 

•  

Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

 

•  

Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

 

•  

Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s 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 instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

 

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

Investments in Securities

 

Exchange-Traded Funds

    $ 205,884     $ —        $ —        $ 205,884  

Investment Companies

      3,140,114       —          —          3,140,114  

U.S. Treasury Obligations

      —         14,101        —          14,101  

Short-Term Investments

           

Investment Companies

      98,968       —          —          98,968  
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Investments in Securities

    $ 3,444,966     $ 14,101      $ —        $ 3,459,067  
  

 

 

    

 

 

     

 

 

     

 

 

  

Appreciation in Other Financial Instruments

           

Futures Contracts

    $ 5,914     $ —        $ —        $ 5,914  

Depreciation in Other Financial Instruments

           

Futures Contracts

      (4,326 )      —          —          (4,326 ) 
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Net Appreciation/Depreciation in Other Financial Instruments

    $ 1,588     $ —        $ —        $ 1,588  
  

 

 

    

 

 

     

 

 

     

 

 

  

B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds and ETFs, which are advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. Underlying Funds’ and ETFs’ distributions may be reinvested into such Underlying Funds and ETFs. Reinvestment amounts are included in the purchases at cost amounts in the table below.

JPMorgan SmartRetirement® 2050 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

(Dollar values in thousands)

 

For the period ended March 31, 2022

Security Description

    Value at
June 30,
2021		      Purchases
at Cost		      Proceeds
from Sales		      Net Realized
Gain (Loss)		     Change in
Unrealized
Appreciation/
(Depreciation)		     Value at
March 31,
2022		      Shares at
March 31,
2022		      Dividend
Income		      Capital Gain
Distributions		  

JPMorgan ActiveBuilders Emerging Markets Equity ETF (a)

    $ —        $ 54,282      $ —        $ —       $ (1,191 )    $ 53,091        1,291      $ —        $ —    

JPMorgan BetaBuilders MSCI US REIT ETF (a)

      50,810        13,992        32,177        1,778       2,268       36,671        345        684        —    

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (a)

      92,017        31,213        24,022        1,859       (6,048 )      95,019        1,111        621        —    

JPMorgan Core Bond Fund Class R6 Shares (a)

      58,444        1,233        10,687        (626 )      (3,363 )      45,001        4,040        848        385  

JPMorgan Core Plus Bond Fund Class R6 Shares (a)

      116,718        46,668        19,884        (1,036 )      (7,731 )      134,735        17,012        2,165        815  

JPMorgan Emerging Markets Debt Fund Class R6 Shares (a)

      18,137        12,069        1,303        (56 )      (2,461 )      26,386        3,852        592        —    

JPMorgan Emerging Markets Equity Fund Class R6 Shares (a)

      —          38,171        —          —         (907 )      37,264        1,166        —          —    

JPMorgan Emerging Markets Research Enhanced Equity Fund Class R6 Shares (a)

      344,754        68,202        144,678        1,971       (80,659 )      189,590        10,803        8,908        8,520  

JPMorgan Emerging Markets Strategic Debt Fund Class R6 Shares (a)

      18,159        676        16,067        (3,017 )      249       —          —          676        —    

JPMorgan Growth Advantage Fund Class R6 Shares * (a)

      301,307        205,781        34,913        6,586       (60,662 )      418,099        13,111        —          50,599  

JPMorgan High Yield Fund Class R6 Shares (a)

      69,083        8,490        52,776        1,387       (5,029 )      21,155        3,066        2,216        —    

JPMorgan High Yield Research Enhanced ETF (a)

      37,160        —          13,637        (869 )      (1,551 )      21,103        431        1,190        —    

JPMorgan Income Fund Class R6 Shares (a)

      29,657        677        29,094        (1,073 )      (167 )      —          —          727        —    

JPMorgan International Equity Fund Class R6 Shares (a)

      203,542        88,816        10,975        762       (28,043 )      254,102        13,713        4,331        8,870  

JPMorgan International Focus Fund Class R6 Shares (a)

      436,949        30,723        176,701        24,750       (67,054 )      248,667        10,063        7,738        —    

JPMorgan International Research Enhanced Equity Fund Class R6 Shares (a)

      308,500        115,806        30,723        1,964       (24,996 )      370,551        19,350        11,803        —    

JPMorgan Large Cap Value Fund Class R6 Shares (a)

      110,670        139        108,429        (6,811 )      4,431       —          —          139        —    

JPMorgan Realty Income Fund Class R6 Shares (a)

      154,767        11,452        75,246        13,843       (6,675 )      98,141        5,926        1,132        10,320  

JPMorgan Small Cap Equity Fund Class R6 Shares (a)

      42,292        9,476        6,468        (304 )      (8,114 )      36,882        592        158        6,843  

JPMorgan Small Cap Growth Fund Class R6 Shares * (a)

      12,251        16,590        5,521        236       (5,198 )      18,358        828        —          1,918  

JPMorgan Small Cap Value Fund Class R6 Shares (a)

      20,910        3,831        3,373        18       (3,025 )      18,361        618        106        2,950  

JPMorgan U.S. Equity Fund Class R6 Shares (a)

      415,918        59,815        70,294        16,605       (22,677 )      399,367        18,892        2,210        36,413  

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.26%  (a) (b)

      49,691        597,700        548,423        —         —         98,968        98,968        18        —    

JPMorgan U.S. Research Enhanced Equity Fund Class R6 Shares (a)

      303,125        144,737        24,030        5,208       (26,028 )      403,012        11,531        2,780        42,716  

JPMorgan Value Advantage Fund Class R6 Shares (a)

      563,082        72,466        198,336        23,016       (39,785 )      420,443        10,325        5,121        47,614  
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

Total

    $ 3,757,943      $ 1,633,005      $ 1,637,757      $ 86,191     $ (394,416 )    $ 3,444,966         $ 54,163      $ 217,963  
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

 

(a)

Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

(b)

The rate shown is the current yield as of March 31, 2022.

*

Non-income producing security.