0001752724-22-126324.txt : 20220527 0001752724-22-126324.hdr.sgml : 20220527 20220527102257 ACCESSION NUMBER: 0001752724-22-126324 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: 22973485 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 S000054775 JPMorgan SmartRetirement 2060 Fund C000172118 Class A JAKAX C000172119 Class C JAKCX C000172120 Class I JAKSX C000172121 Class R5 JAKIX C000172122 Class R2 JAKZX C000172123 Class R3 JAKPX C000172124 Class R4 JAKQX C000172125 Class R6 JAKYX NPORT-P 1 primary_doc.xml NPORT-P false 0001217286 XXXXXXXX S000054775 C000172120 C000172124 C000172122 C000172123 C000172125 C000172121 C000172119 C000172118 JPMorgan Trust I 811-21295 0001217286 549300DM5WZMCZZ70R78 277 Park Avenue New York 10172 800-480-4111 JPMorgan SmartRetirement 2060 Fund S000054775 549300CYNDTE16XRCF61 2022-06-30 2022-03-31 N 514488297.44 40160.07 514448137.37 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 92338.57000000 N JPMorgan Small Cap Value Fund 549300V4YKXS0HHDUK18 JPMorgan Small Cap Value Fund, Class R6 4812C0225 84205.26100000 NS USD 2501738.30000000 0.486295530738 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 171697.00000000 NS USD 14686961.38000000 2.854896405123 Long RF US N 1 N N N JPMorgan Emerging Markets Debt Fund 8KLDAXM5A9FOP50PQD10 JPMorgan Emerging Markets Debt Fund, Class R6 48121A134 474991.51100000 NS USD 3253691.85000000 0.632462558156 Long RF US N 1 N N N N/A N/A DJ US Real Estate Index N/A 129.00000000 NC USD 128854.80000000 0.025047189529 N/A DE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Long DJ US Real Estate Index XC0006882473 2022-06-17 5375430.00000000 USD 128854.80000000 N N N N/A N/A MSCI EAFE E-Mini Index N/A 34.00000000 NC USD 196874.62000000 0.038269089865 N/A DE US N 1 ICE Clear US 549300HWWR1D8OTS2G29 Long MSCI EAFE E-Mini Index MSDUEAFE Index 2022-06-17 3645480.00000000 USD 196874.62000000 N N N JPMorgan International Research Enhanced Equity Fund HXS35OABUD2FH4OQXR78 JPMorgan International Research Enhanced Equity Fund, Class R6 4812CA637 2743719.66900000 NS USD 52542231.66000000 10.21331944724 Long RF US N 1 N N N JPMorgan Realty Income Fund 549300IJYII8K4BC2M84 JPMorgan Realty Income Fund, Class R6 904504453 883622.66000000 NS USD 14632791.25000000 2.844366649825 Long RF US N 1 N N N JPMorgan Income Fund 549300J9G10ZQTTAFU03 JPMorgan Income Fund, Class R6 46637K216 234507.97500000 NS USD 2124642.25000000 0.412994448937 Long RF US N 1 N N N JPMorgan ActiveBuilders Emerging Markets Equity ETF 549300YT4VMRJKDB1P44 JPMorgan ActiveBuilders Emerging Markets Equity ETF 46641Q266 124796.00000000 NS USD 5132859.48000000 0.997740900810 Long RF US N 1 N N N JPMorgan Core Plus Bond Fund JW89OQCNJOLWVS3KT374 JPMorgan Core Plus Bond Fund, Class R6 4812C0134 1936666.85700000 NS USD 15338401.51000000 2.981525327006 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 2019937.23300000 NS USD 35449898.44000000 6.890859518168 Long RF US N 1 N N N JPMorgan Small Cap Equity Fund 549300RO68EY7ZS30I29 JPMorgan Small Cap Equity Fund, Class R6 48127B862 78624.40100000 NS USD 4902231.40000000 0.952910710312 Long RF US N 1 N N N JPMorgan High Yield Fund 15QB5UY3VV3GNSMNPX63 JPMorgan High Yield Fund, Class R6 4812C0126 1209899.35300000 NS USD 8348305.54000000 1.622769125509 Long RF US N 1 N N N N/A N/A MSCI Emerging Markets E-Mini Index N/A -109.00000000 NC USD -482985.63000000 -0.09388422173 N/A DE US N 1 ICE Clear US 549300HWWR1D8OTS2G29 Short MSCI Emerging Markets E-Mini Index US55353S1050 2022-06-17 -6131795.00000000 USD -482985.63000000 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 91282CBG5 2368000.00000000 PA USD 2339972.49000000 0.454850998579 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 1712003.42100000 NS USD 31723423.39000000 6.166495917776 Long RF US N 1 N N N N/A N/A S&P 500 E-Mini Index N/A 39.00000000 NC USD 716688.33000000 0.139312066258 N/A DE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Long S&P 500 E-Mini Index US78378X1072 2022-06-17 8836425.00000000 USD 716688.33000000 N N N JPMorgan U.S. Government Money Market Fund 8I5DZWZKVSZI1NUHU748 JPMorgan U.S. Government Money Market Fund, Class IM 4812C2270 20865133.02000000 NS USD 20865133.02000000 4.055828275842 Long STIV 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 1768135.22500000 NS USD 61796326.11000000 12.01215858724 Long RF US N 1 N N N JPMorgan Growth Advantage Fund 549300WH8DD4YVIMGX89 JPMorgan Growth Advantage Fund, Class R6 46640W108 1973862.62000000 NS USD 62946478.95000000 12.23572880869 Long RF US N 1 N N N JPMorgan Small Cap Growth Fund 549300O2OV2J830JXI18 JPMorgan Small Cap Growth Fund, Class R6 48121L825 110532.81800000 NS USD 2450512.58000000 0.476338118848 Long RF US N 1 N N N JPMorgan International Focus Fund 549300RMZ0H6Q5148Y98 JPMorgan International Focus Fund, Class R6 48121L130 1443059.43200000 NS USD 35657998.56000000 6.931310655004 Long RF US N 1 N N N JPMorgan High Yield Research Enhanced ETF 549300UUJZT2ZWE64W88 JPMorgan High Yield Research Enhanced ETF 46641Q878 35058.00000000 NS USD 1714648.22000000 0.333298557317 Long RF US N 1 N N N JPMorgan Emerging Markets Equity Fund YGO3SVACG8PL3FXK2G86 JPMorgan Emerging Markets Equity Fund, Class R6 48121L122 87412.98400000 NS USD 2794593.10000000 0.543221541103 Long RF US N 1 N N N JPMorgan U.S. Equity Fund 549300O4STN5CE50YK08 JPMorgan U.S. Equity Fund, Class R6 48121L817 2854290.55900000 NS USD 60339702.42000000 11.72901562604 Long RF US N 1 N N N JPMorgan Core Bond Fund DQ695W4P67V7A4LC6I09 JPMorgan Core Bond Fund, Class R6 4812C0100 615906.22900000 NS USD 6861195.39000000 1.333700113110 Long RF US N 1 N N N JPMorgan BetaBuilders MSCI US REIT ETF 549300UDD0DL9T2E4I67 JPMorgan BetaBuilders MSCI US REIT ETF 46641Q738 59425.00000000 NS USD 6322820.00000000 1.229049060673 Long RF US N 1 N N N JPMorgan Value Advantage Fund 549300P7ZUUEK5GQXK57 JPMorgan Value Advantage Fund, Class R6 46641U382 1471332.73000000 NS USD 59912668.77000000 11.64600752104 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_SR2060.htm HTML

JPMorgan SmartRetirement® 2060 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited)

 

Investments

    Shares (000)      Value ($000)  
               

INVESTMENT COMPANIES — 91.9%

 

Alternative Assets — 2.8%

      

JPMorgan Realty Income Fund Class R6 Shares (a)

     884        14,633  
     

 

 

  

Fixed Income — 6.6%

      

JPMorgan Core Bond Fund Class R6 Shares (a)

     610        6,796  

JPMorgan Core Plus Bond Fund Class R6 Shares (a)

     2,571        20,361  

JPMorgan Emerging Markets Debt Fund Class R6 Shares (a)

     565        3,872  

JPMorgan High Yield Fund Class R6 Shares (a)

     464        3,205  
     

 

 

  

Total Fixed Income

         34,234  
     

 

 

  

International Equity — 31.7%

      

JPMorgan Emerging Markets Equity Fund Class R6 Shares (a)

     193        6,166  

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

     1,634        28,670  

JPMorgan International Equity Fund Class R6 Shares (a)

     1,952        36,176  

JPMorgan International Focus Fund Class R6 Shares (a)

     1,443        35,658  

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

     2,949        56,472  
     

 

 

  

Total International Equity

         163,142  
     

 

 

  

U.S. Equity — 50.8%

      

JPMorgan Growth Advantage Fund Class R6 Shares * (a)

      1,981        63,170  

JPMorgan Small Cap Equity Fund Class R6 Shares (a)

     90        5,581  

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

      125        2,779  

JPMorgan Small Cap Value Fund Class R6 Shares (a)

     94        2,779  

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

     2,925        61,833  

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

     1,772        61,935  

JPMorgan Value Advantage Fund Class R6 Shares (a)

     1,561        63,549  
     

 

 

  

Total U.S. Equity

         261,626  
     

 

 

  

TOTAL INVESTMENT COMPANIES

(Cost $432,597)

 

 

      473,635  
     

 

 

  

EXCHANGE-TRADED FUNDS — 6.2%

      

Alternative Assets — 1.1%

      

JPMorgan BetaBuilders MSCI US REIT ETF (a)

     52        5,539  
     

 

 

  

Fixed Income — 0.6%

      

JPMorgan High Yield Research Enhanced ETF (a)

     64        3,153  
     

 

 

  

International Equity — 1.7%

      

JPMorgan ActiveBuilders Emerging Markets Equity ETF (a)

     219        9,014  
     

 

 

  

U.S. Equity — 2.8%

      

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

     168        14,331  
     

 

 

  

TOTAL EXCHANGE-TRADED FUNDS

(Cost $31,956)

 

 

      32,037  
     

 

 

  
     Principal
Amount
($000)		         

U.S. TREASURY OBLIGATIONS — 0.5%

      

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

(Cost $2,360)

      2,368        2,340  
     

 

 

  
     Shares (000)         

SHORT-TERM INVESTMENTS — 4.0%

      

INVESTMENT COMPANIES — 4.0%

      

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

(Cost $20,865)

      20,865        20,865  
     

 

 

  

Total Investments — 102.6%

(Cost $487,778)

 

 

      528,877  

Liabilities in Excess of Other Assets — (2.6)%

 

      (13,310 ) 
     

 

 

  

Net Assets — 100.0%

 

      515,567  
     

 

 

  

 

Percentages indicated are based on net assets

JPMorgan SmartRetirement® 2060 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

      54       06/2022        USD        2,250       69  

MSCI EAFE E-Mini Index

      50       06/2022        USD        5,361       195  

S&P 500 E-Mini Index

      40       06/2022        USD        9,063       717  
            

 

 

  
               981  
            

 

 

  

Short Contracts

             

MSCI Emerging Markets E-Mini Index

      (144 )      06/2022        USD        (8,101 )      (482 ) 
            

 

 

  
               499  
            

 

 

  

 

Abbreviations
EAFE    Europe, Australasia and Far East
MSCI    Morgan Stanley Capital International
USD    United States Dollar

JPMorgan SmartRetirement® 2060 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

    $ 32,037     $ —        $ —        $ 32,037  

Investment Companies

      473,635       —          —          473,635  

U.S. Treasury Obligations

      —         2,340        —          2,340  

Short-Term Investments

           

Investment Companies

      20,865       —          —          20,865  
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Investments in Securities

    $ 526,537     $ 2,340      $ —        $ 528,877  
  

 

 

    

 

 

     

 

 

     

 

 

  

Appreciation in Other Financial Instruments

           

Futures Contracts

    $ 981     $ —        $ —        $ 981  

Depreciation in Other Financial Instruments

           

Futures Contracts

    $ (482 )    $ —        $ —        $ (482 ) 
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Net Appreciation/Depreciation in Other Financial Instruments

    $ 499     $ —        $ —        $ 499  
  

 

 

    

 

 

     

 

 

     

 

 

  

JPMorgan SmartRetirement® 2060 Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

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

(Dollar values in thousands)

 

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.

 

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)

   $ —        $ 9,186      $ —        $ —       $ (172 )    $ 9,014        219      $ —        $ —    

JPMorgan BetaBuilders MSCI US REIT ETF (a)

     5,842        5,477        6,392        711       (99 )      5,539        52        94        —   (b) 

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

     10,432        14,118        9,803        2,232       (2,648 )      14,331        168        88        —    

JPMorgan Core Bond Fund Class R6 Shares (a)

     6,319        1,437        395        (39 )      (526 )      6,796        610        109        56  

JPMorgan Core Plus Bond Fund Class R6 Shares (a)

     14,037        7,481        —          —         (1,157 )      20,361        2,571        273        97  

JPMorgan Emerging Markets Debt Fund Class R6 Shares (a)

     2,091        2,130        —          —         (349 )      3,872        565        78        —    

JPMorgan Emerging Markets Equity Fund Class R6 Shares (a)

     —          6,295        —          —         (129 )      6,166        193        —          —    

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

     40,683        14,749        16,654        (2,219 )      (7,889 )      28,670        1,634        1,187        1,134  

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

     2,087        81        1,831        (345 )      8       —          —          81        —    

JPMorgan Growth Advantage Fund Class R6 Shares * (a)

      35,935        37,740        3,368        933       (8,070 )      63,170        1,981        —          6,640  

JPMorgan High Yield Fund Class R6 Shares (a)

     7,847        3,583        7,588        (132 )      (505 )      3,205        464        383        —    

JPMorgan High Yield Research Enhanced ETF (a)

     3,702        3,133        3,573        20       (129 )      3,153        64        47        —    

JPMorgan Income Fund Class R6 Shares (a)

     3,313        85        3,234        (146 )      (18 )      —          —          92        —    

JPMorgan International Equity Fund Class R6 Shares (a)

     24,808        17,360        2,039        7       (3,960 )      36,176        1,952        600        1,195  

JPMorgan International Focus Fund Class R6 Shares (a)

     52,253        6,338        17,218        (889 )      (4,826 )      35,658        1,443        1,014        —    

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

     36,568        25,564        2,315        58       (3,403 )      56,472        2,949        1,622        —    

JPMorgan Large Cap Value Fund Class R6 Shares (a)

     13,576        17        13,380        (720 )      507       —          —          17        —    

JPMorgan Realty Income Fund Class R6 Shares (a)

     18,693        2,222        7,090        640       168       14,633        884        144        1,357  

JPMorgan Small Cap Equity Fund Class R6 Shares (a)

     5,213        2,280        820        (158 )      (934 )      5,581        90        19        843  

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

      2,170        1,466        —          —         (857 )      2,779        125        —          302  

JPMorgan Small Cap Value Fund Class R6 Shares (a)

     2,681        669        189        (5 )      (377 )      2,779        94        14        378  

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

     49,128        19,539        5,717        110       (1,227 )      61,833        2,925        299        4,763  

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

      6,147        139,927        125,209        —         —         20,865        20,865        4        —    

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

     35,559        31,062        1,966        157       (2,877 )      61,935        1,772        381        5,612  

JPMorgan Value Advantage Fund Class R6 Shares (a)

     66,794        16,690        17,496        686       (3,125 )      63,549        1,561        689        6,405  
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

Total

    $ 445,878      $ 368,629      $ 246,277      $ 901     $ (42,594 )    $ 526,537         $ 7,235      $ 28,782  
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

 

(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)

Amount rounds to less than one thousand.

(c)

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

*

Non-income producing security.