0001752724-25-124219.txt : 20250528 0001752724-25-124219.hdr.sgml : 20250528 20250528115035 ACCESSION NUMBER: 0001752724-25-124219 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250528 DATE AS OF CHANGE: 20250528 PERIOD START: 20250630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Trust I CENTRAL INDEX KEY: 0001217286 ORGANIZATION NAME: EIN: 331043149 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21295 FILM NUMBER: 25992539 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 S000002768 JPMorgan U.S. Value Fund C000007583 Class I VGIIX C000007584 Class A VGRIX C000007586 Class C VGICX C000162364 Class R2 VGRTX C000162365 Class R5 VGIFX C000162366 Class R6 VGINX C000190876 Class R3 JGAVX C000190877 Class R4 JGRUX NPORT-P 1 primary_doc.xml NPORT-P false 0001217286 XXXXXXXX S000002768 C000007583 C000190877 C000190876 C000007584 C000162366 C000162365 C000162364 C000007586 JPMorgan Trust I 811-21295 0001217286 549300DM5WZMCZZ70R78 277 Park Avenue New York 10172 800-480-4111 JPMorgan U.S. Value Fund S000002768 549300JZNNMRZLPYEY24 2025-06-30 2025-03-31 N 6225479370.55 3735596.71 6221743773.84 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 546394.38000000 N N/A N/A Host Hotels & Resorts, Inc. N6EL63S0K3PB1YFTDI24 Host Hotels & Resorts, Inc. 44107P104 1487043.00000000 NS USD 21130881.03000000 0.339629560427 Long EC CORP US N 1 N N N Eaton Corp. plc 549300VDIGTMXUNT7H71 Eaton Corp. plc N/A 347717.00000000 NS USD 94519912.11000000 1.519186831631 Long EC CORP IE N 1 N N N Blackrock, Inc. 529900VBK42Y5HHRMD23 Blackrock, Inc. 09290D101 51460.00000000 NS USD 48705860.80000000 0.782832957615 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 738573.00000000 NS USD 87838486.89000000 1.411798525990 Long EC CORP US N 1 N N N Vulcan Materials Co. 549300Q8LSNHAVWBNI21 Vulcan Materials Co. 929160109 297912.00000000 NS USD 69502869.60000000 1.117096301719 Long EC CORP US N 1 N N N Walmart, Inc. Y87794H0US1R65VBXU25 Walmart, Inc. 931142103 850107.00000000 NS USD 74630893.53000000 1.199517309661 Long EC CORP US N 1 N N N Chubb Ltd. E0JAN6VLUDI1HITHT809 Chubb Ltd. 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N/A Chevron Corp. 166764100 772484.00000000 NS USD 129228848.36000000 2.077051917556 Long EC CORP US N 1 N N N Cigna Group (The) 549300VIWYMSIGT1U456 Cigna Group (The) 125523100 212533.00000000 NS USD 69923357.00000000 1.123854654606 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 1239774.00000000 NS USD 130201065.48000000 2.092678037103 Long EC CORP US N 1 N N N First Citizens BancShares, Inc. 549300N3Z00ZHE2XC526 First Citizens BancShares, Inc., Class A 31946M103 27701.00000000 NS USD 51360978.12000000 0.825507767387 Long EC CORP US N 1 N N N Charles Schwab Corp. (The) 549300VSGCJ7E698NM85 Charles Schwab Corp. (The) 808513105 1527071.00000000 NS USD 119539117.88000000 1.921312130895 Long EC CORP US N 1 N N N Micron Technology, Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 316585.00000000 NS USD 27508070.65000000 0.442127989353 Long EC CORP US N 1 N N N CMS Energy Corp. 549300IA9XFBAGNIBW29 CMS Energy Corp. 125896100 859580.00000000 NS USD 64563053.80000000 1.037700299897 Long EC CORP US N 1 N N N Marsh & McLennan Cos., Inc. 549300XMP3KDCKJXIU47 Marsh & McLennan Cos., Inc. 571748102 108981.00000000 NS USD 26594633.43000000 0.427446619415 Long EC CORP US N 1 N N N TJX Cos., Inc. (The) V167QI9I69W364E2DY52 TJX Cos., Inc. (The) 872540109 728463.00000000 NS USD 88726793.40000000 1.426075978458 Long EC CORP US N 1 N N N AvalonBay Communities, Inc. K9G90K85RBWD2LAGQX17 AvalonBay Communities, Inc. 053484101 92249.00000000 NS USD 19798480.38000000 0.318214331860 Long EC CORP US N 1 N N N Procter & Gamble Co. (The) 2572IBTT8CCZW6AU4141 Procter & Gamble Co. (The) 742718109 439983.00000000 NS USD 74981902.86000000 1.205158964843 Long EC CORP US N 1 N N N Goldman Sachs Group, Inc. (The) 784F5XWPLTWKTBV3E584 Goldman Sachs Group, Inc. (The) 38141G104 118202.00000000 NS USD 64572570.58000000 1.037853259909 Long EC CORP US N 1 N N N Walt Disney Co. (The) 549300GZKULIZ0WOW665 Walt Disney Co. (The) 254687106 443575.00000000 NS USD 43780852.50000000 0.703674951772 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 229062.00000000 NS USD 85987584.18000000 1.382049587794 Long EC CORP US N 1 N N N Ares Management Corp. 529900JUV61FH7B8VW38 Ares Management Corp. 03990B101 336665.00000000 NS USD 49358455.65000000 0.793321895664 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 3440326.00000000 NS USD 143564803.98000000 2.307468921874 Long EC CORP US N 1 N N N Prologis, Inc. 529900DFH19P073LZ636 Prologis, Inc. 74340W103 198694.00000000 NS USD 22212002.26000000 0.357006059191 Long EC CORP US N 1 N N N JPMorgan Prime Money Market Fund 549300YD7H8SEEU7VG41 JPMorgan Prime Money Market Fund, Class IM 46637K844 186672604.98000000 NS USD 186728606.76000000 3.001226240545 Long STIV RF US N 1 N N N RTX Corp. I07WOS4YJ0N7YRFE7309 RTX Corp. 75513E101 799759.00000000 NS USD 105936077.14000000 1.702675021517 Long EC CORP US N 1 N N N Mondelez International, Inc. 549300DV9GIB88LZ5P30 Mondelez International, Inc., Class A 609207105 699196.00000000 NS USD 47440448.60000000 0.762494411927 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 524297.00000000 NS USD 109850707.44000000 1.765593560793 Long EC CORP US N 1 N N N Union Pacific Corp. 549300LMMRSZZCZ8CL11 Union Pacific Corp. 907818108 292943.00000000 NS USD 69204854.32000000 1.112306402121 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 NXP Semiconductors NV N/A 296649.00000000 NS USD 56381108.94000000 0.906194645576 Long EC CORP NL N 1 N N N Western Digital Corp. 549300QQXOOYEF89IC56 Western Digital Corp. 958102105 676701.00000000 NS USD 27359021.43000000 0.439732371253 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 57988.00000000 NS USD 36777729.24000000 0.591116101480 Long EC CORP US N 1 N N N Booking Holdings, Inc. FXM8FAOHMYDIPD38UZ17 Booking Holdings, Inc. 09857L108 5777.00000000 NS USD 26614119.07000000 0.427759805569 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 EOG Resources, Inc. 26875P101 660835.00000000 NS USD 84745480.40000000 1.362085670520 Long EC CORP US N 1 N N N UnitedHealth Group, Inc. 549300GHBMY8T5GXDE41 UnitedHealth Group, Inc. 91324P102 312941.00000000 NS USD 163902848.75000000 2.634355491126 Long EC CORP US N 1 N N N Thermo Fisher Scientific, Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific, Inc. 883556102 92466.00000000 NS USD 46011081.60000000 0.739520675754 Long EC CORP US N 1 N N N O'Reilly Automotive, Inc. 549300K2RLMQL149Q332 O'Reilly Automotive, Inc. 67103H107 33993.00000000 NS USD 48697691.94000000 0.782701662269 Long EC CORP US N 1 N N N Dover Corp. 549300FMC2ALGA7N9E80 Dover Corp. 260003108 484989.00000000 NS USD 85202867.52000000 1.369437100226 Long EC CORP US N 1 N N N Parker-Hannifin Corp. 5493002CONDB4N2HKI23 Parker-Hannifin Corp. 701094104 92152.00000000 NS USD 56014593.20000000 0.900303761069 Long EC CORP US N 1 N N N McDonald's Corp. UE2136O97NLB5BYP9H04 McDonald's Corp. 580135101 344953.00000000 NS USD 107752968.61000000 1.731877308465 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 713990.00000000 NS USD 48372822.50000000 0.777480144768 Long EC CORP US N 1 N N N Entergy Corp. 4XM3TW50JULSLG8BNC79 Entergy Corp. 29364G103 328452.00000000 NS USD 28079361.48000000 0.451310155170 Long EC CORP US N 1 N N N M&T Bank Corp. 549300WYXDDBYRASEG81 M&T Bank Corp. 55261F104 331931.00000000 NS USD 59332666.25000000 0.953634035838 Long EC CORP US N 1 N N N Texas Instruments, Inc. WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 494998.00000000 NS USD 88951140.60000000 1.429681835725 Long EC CORP US N 1 N N N CSX Corp. 549300JVQR4N1MMP3Q88 CSX Corp. 126408103 3471034.00000000 NS USD 102152530.62000000 1.641863347852 Long EC CORP US N 1 N N N 2025-04-30 JPMorgan Trust I Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 JPMUSVF.htm EDGAR HTML
JPMorgan U.S. Value Fund
Schedule of Portfolio Investments as of March 31, 2025
(Unaudited) 
THE “UNAUDITED 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. 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.
J.P. Morgan Distribution Services, Inc., member FINRA.
© J.P. Morgan Chase & Co., 2025.
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (Unaudited)
 
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — 97.1%
Aerospace & Defense — 3.8%
General Dynamics Corp.
314
85,614
Northrop Grumman Corp.
82
42,047
RTX Corp.
800
105,936
 
233,597
Air Freight & Logistics — 0.7%
United Parcel Service, Inc., Class B
417
45,915
Banks — 8.1%
Bank of America Corp.
3,440
143,565
First Citizens BancShares, Inc., Class A
28
51,361
M&T Bank Corp.
332
59,333
PNC Financial Services Group, Inc. (The)
318
55,862
Wells Fargo & Co.
2,701
193,934
 
504,055
Beverages — 0.8%
PepsiCo, Inc.
351
52,566
Biotechnology — 3.1%
AbbVie, Inc.
524
109,850
Regeneron Pharmaceuticals, Inc.
58
36,778
Vertex Pharmaceuticals, Inc. *
90
43,536
 
190,164
Building Products — 1.9%
Carrier Global Corp.
1,887
119,631
Capital Markets — 6.8%
Ares Management Corp.
337
49,358
Blackrock, Inc.
51
48,706
Blackstone, Inc.
416
58,081
Charles Schwab Corp. (The)
1,527
119,539
Goldman Sachs Group, Inc. (The)
118
64,573
Morgan Stanley
709
82,724
 
422,981
Chemicals — 2.5%
Air Products and Chemicals, Inc.
348
102,728
Axalta Coating Systems Ltd. *
1,530
50,745
 
153,473
Commercial Services & Supplies — 0.4%
Republic Services, Inc.
115
27,910
Construction Materials — 1.1%
Vulcan Materials Co.
298
69,503
Consumer Finance — 2.8%
American Express Co.
321
86,325
Capital One Financial Corp.
503
90,290
 
176,615
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Consumer Staples Distribution & Retail — 1.2%
Walmart, Inc.
850
74,631
Containers & Packaging — 0.6%
Ball Corp.
699
36,391
Electric Utilities — 2.2%
Entergy Corp.
329
28,079
NextEra Energy, Inc.
936
66,361
Xcel Energy, Inc.
623
44,124
 
138,564
Electrical Equipment — 1.5%
Eaton Corp. plc
348
94,520
Entertainment — 0.7%
Walt Disney Co. (The)
444
43,781
Financial Services — 4.1%
Berkshire Hathaway, Inc., Class B *
308
164,321
Fiserv, Inc. *
408
90,022
 
254,343
Food Products — 0.8%
Mondelez International, Inc., Class A
699
47,440
Ground Transportation — 2.8%
CSX Corp.
3,471
102,152
Union Pacific Corp.
293
69,205
 
171,357
Health Care Equipment & Supplies — 2.4%
Becton Dickinson & Co.
188
42,970
Boston Scientific Corp. *
525
52,914
Medtronic plc
563
50,631
 
146,515
Health Care Providers & Services — 5.3%
Cardinal Health, Inc.
329
45,310
Cigna Group (The)
212
69,923
CVS Health Corp.
714
48,373
UnitedHealth Group, Inc.
313
163,903
 
327,509
Health Care REITs — 0.7%
Ventas, Inc.
659
45,299
Hotel & Resort REITs — 0.3%
Host Hotels & Resorts, Inc.
1,487
21,131
Hotels, Restaurants & Leisure — 2.2%
Booking Holdings, Inc.
6
26,614
McDonald's Corp.
345
107,753
 
134,367
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Household Products — 1.2%
Procter & Gamble Co. (The)
440
74,982
Industrial REITs — 0.4%
Prologis, Inc.
199
22,212
Insurance — 3.4%
Arthur J Gallagher & Co.
133
45,854
Chubb Ltd.
202
61,179
Hartford Insurance Group, Inc. (The)
169
20,874
Marsh & McLennan Cos., Inc.
109
26,595
Progressive Corp. (The)
195
55,300
 
209,802
Interactive Media & Services — 1.0%
Alphabet, Inc., Class C
170
26,503
Meta Platforms, Inc., Class A
63
36,553
 
63,056
IT Services — 0.7%
International Business Machines Corp.
165
41,099
Life Sciences Tools & Services — 0.8%
Thermo Fisher Scientific, Inc.
105
52,080
Machinery — 3.3%
Deere & Co.
142
66,664
Dover Corp.
485
85,203
Parker-Hannifin Corp.
92
56,015
 
207,882
Media — 1.1%
Comcast Corp., Class A
1,866
68,850
Multi-Utilities — 2.1%
CMS Energy Corp.
859
64,563
Public Service Enterprise Group, Inc.
787
64,750
 
129,313
Oil, Gas & Consumable Fuels — 6.9%
Chevron Corp.
772
129,229
ConocoPhillips
1,240
130,201
EOG Resources, Inc.
661
84,745
Exxon Mobil Corp.
739
87,839
 
432,014
Pharmaceuticals — 3.9%
Bristol-Myers Squibb Co.
1,512
92,219
Eli Lilly & Co.
36
29,963
Johnson & Johnson
514
85,240
Merck & Co., Inc.
358
32,077
 
239,499
Residential REITs — 0.3%
AvalonBay Communities, Inc.
92
19,798
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Semiconductors & Semiconductor Equipment — 4.8%
Advanced Micro Devices, Inc. *
288
29,644
Analog Devices, Inc.
483
97,330
Micron Technology, Inc.
316
27,508
NXP Semiconductors NV (China)
297
56,381
Texas Instruments, Inc.
495
88,951
 
299,814
Software — 1.4%
Microsoft Corp.
229
85,988
Specialty Retail — 6.3%
AutoZone, Inc. *
18
67,932
Home Depot, Inc. (The)
229
83,827
Lowe's Cos., Inc.
431
100,545
O'Reilly Automotive, Inc. *
34
48,698
TJX Cos., Inc. (The)
728
88,727
 
389,729
Technology Hardware, Storage & Peripherals — 0.5%
Sandisk Corp. *
131
6,269
Western Digital Corp. *
677
27,359
 
33,628
Tobacco — 2.2%
Philip Morris International, Inc.
848
134,598
Total Common Stocks
(Cost $4,516,119)
6,036,602
Short-Term Investments — 3.0%
Investment Companies — 3.0%
JPMorgan Prime Money Market Fund Class IM Shares, 4.43% (a) (b)
(Cost $186,733)
186,673
186,729
Total Investments — 100.1%
(Cost $4,702,852)
6,223,331
Liabilities in Excess of Other Assets — (0.1)%
(3,889
)
NET ASSETS — 100.0%
6,219,442
 
Percentages indicated are based on net assets.
 
Abbreviations
 
REIT
Real Estate Investment Trust
 
*
Non-income producing security.
(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, 2025.
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (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.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under Securities and Exchange Commission Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC 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.
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 (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.
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 (“SOI”): 
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Total Investments in Securities (a)
$6,223,331
$—
$—
$6,223,331
 
 
(a)
Please refer to the SOI for specifics of portfolio holdings.
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds 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.
JPMorgan U.S. Value Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2025 (Unaudited) (continued)
(Dollar values in thousands)
The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended March 31, 2025
Security Description
Value at
June 30,
2024
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2025
Shares at
March 31,
2025
Dividend
Income
Capital Gain
Distributions
JPMorgan Prime Money Market Fund Class IM Shares,
4.43%  (a) (b)
$81,551
$583,390
$478,224
$17
$(5
)
$186,729
186,673
$3,255
$—
JPMorgan Securities Lending Money Market Fund
Agency SL Class Shares, 4.38%  (a) (b)
—
8,898
8,898
—
—
—
—
3
—
Total
$81,551
$592,288
$487,122
$17
$(5
)
$186,729
$3,258
$—
 
 
(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, 2025.