11-K 1 jpmc401k11-k2018.htm 11-K JPMC 401K Document


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 11-K
ANNUAL REPORT
(Mark One)
x
 
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
OR
¨
 
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 1-5805
 
A.
 
Full title of the plan and the address of the plan, if different from that of issuer named below:
THE JPMORGAN CHASE 401(k)
SAVINGS PLAN
B.
 
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
JPMORGAN CHASE & CO.
383 Madison Avenue
New York, New York 10179


THE JPMORGAN CHASE 401(k) SAVINGS PLAN


Table of Contents




2
jpm401k2016mandma03.jpg

Report of Independent Registered Public Accounting Firm

To the Plan Administrator and Plan Participants of
The JPMorgan Chase 401(k) Savings Plan
New York, New York

Opinion on the Financial Statements
We have audited the accompanying Statement of Net Assets Available for Benefits of The JPMorgan Chase 401(k) Savings Plan (the “Plan”) as of December 31, 2018 and 2017 and the related Statements of Changes in Net Assets Available for Benefits for the years then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2018 and 2017, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information
The supplemental schedules of (1) Assets Held for Investment Purposes at End of Year as of December 31, 2018 and (2) Assets Both Acquired and Disposed of Within the Plan Year have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s (DOL) Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ Meaden & Moore, Ltd.
Meaden & Moore, Ltd.

We have served as the Plan's auditor since 2006.

Cleveland, Ohio
June 26, 2019

3



THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Net Assets Available For Benefits



December 31,
2018
 
2017
Assets:
 
 
 
Investments at fair value
$
23,555,032,494

 
$
24,872,990,082

Investments at contract value
2,178,776,787

 
2,248,594,776

Total investments
25,733,809,281

 
27,121,584,858

 
 
 
 
Receivables:
 
 
 
Employers’ contributions
519,861,002

 
503,450,623

Notes receivable from participants
555,424,903

 
530,688,801

Receivable for investments sold
182,236,389

 
365,893,458

Participants’ contributions
25,968,420

 
25,086,657

Accrued interest and dividends
21,637,623

 
17,055,582

Other
9,320,551

 
9,583,020

Total receivables
1,314,448,888

 
1,451,758,141

 
 
 
 
Cash (noninterest-bearing)
716,144

 
3,641,686

Total assets
27,048,974,313


28,576,984,685

 
 
 
 
Liabilities:
 
 
 
Derivative payables
2,810,109

 
1,692,573

Total liabilities at fair value
2,810,109

 
1,692,573

Payable for investments purchased
495,969,727

 
589,005,560

Accrued expenses
2,426,949

 
3,173,213

Other
4,255,040

 
1,299,130

Total liabilities
505,461,825

 
595,170,476

Net assets available for benefits
$
26,543,512,488

 
$
27,981,814,209

The accompanying notes to financial statements are an integral part of these statements.

4

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Changes in Net Assets Available For Benefits



Years Ended December 31,
2018
 
2017
Additions:
 
 
 
Contributions:
 
 
 
Participants
$
1,063,850,381

 
$
992,286,925

Employers
528,177,711

 
494,818,262

Rollovers
241,154,607

 
229,106,349

Total contributions
1,833,182,699

 
1,716,211,536

Investment income:
 
 
 
Dividend income:
 
 
 
   JPMorgan Chase & Co. common stock
112,992,789

 
94,229,634

   Other
94,966,879

 
85,968,259

Interest income
74,105,132

 
60,600,317

Net appreciation/(depreciation) in fair value of investments
(1,841,646,733
)
 
3,870,065,324

Net increase/(decrease) in investment income
(1,559,581,933
)
 
4,110,863,534

Interest income on notes receivable from participants
20,876,791

 
16,614,694

       Total additions
294,477,557

 
5,843,689,764

 
 
 
 
Deductions:
 
 
 
Benefits paid to participants
1,747,921,497

 
1,612,638,415

Administrative expenses
15,613,858

 
14,475,574

Total deductions
1,763,535,355

 
1,627,113,989

Net change during the year
(1,469,057,798
)
 
4,216,575,775

 
 
 
 
Net assets transferred from other plan
30,756,077

 
—

Net assets available for benefits, beginning of year
27,981,814,209

 
23,765,238,434

Net assets available for benefits, end of year
$
26,543,512,488

 
$
27,981,814,209

The accompanying notes to financial statements are an integral part of these statements.


5

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017




1. Description of the Plan
The JPMorgan Chase 401(k) Savings Plan (“Plan”) is a defined contribution plan sponsored by JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank, N.A.”), a wholly-owned bank subsidiary of JPMorgan Chase & Co. (“JPMorgan Chase”), which is a leading global financial services firm and one of the largest banking institutions in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase Bank, N.A. is a national banking association that has retail branches in 27 states and Washington, D.C. and operates nationally as well as through non-U.S. bank branches and subsidiaries, and representative offices.
The following is a general description of the Plan. Refer to the Plan’s Summary Plan Description and governing legal Plan document for a more complete description of the Plan.
General
The Plan enables eligible employees (i.e., "Participants") of JPMorgan Chase and certain of its affiliated companies to save and invest for their retirement in individual accounts. All amounts contributed to a Participant’s account under the Plan are held in a trust fund administered by JPMorgan Chase Bank, N.A., as Trustee.
The Plan is administered by a plan administrator who is appointed by the Board of Directors of JPMorgan Chase or JPMorgan Chase Bank, N.A. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is designed to comply with Section 404(c) of ERISA and the related regulations. As a result, the Plan’s fiduciaries may be released from liability for any losses that result from the Participant’s individual investment decisions.
Effective May 1, 2018, the Highbridge Capital 401(k) Plan, which relates to a previous acquisition, was merged into the Plan.
Eligibility
Full-time employees are eligible to enroll in the Plan as of their first day of employment. Part-time employees who are regularly scheduled to work 20 hours or more per week are eligible to participate after completing 60 days of service. Newly hired and rehired eligible employees are automatically enrolled in the Plan at a 3% before-tax contribution rate unless they otherwise enroll themselves or opt out of the Plan within their first 31 days of eligibility. Further, unless the employees elect a different rate, for employees who are automatically enrolled, their contribution rate is automatically increased annually by 1% until they reach a before-tax contribution rate of 5%. Unless another investment election is chosen, Participant contributions are invested in one of the Plan’s qualified default investment funds, the Target Date Funds.
Contributions
Participant contributions
The Plan allows Participants to defer on a pre-tax and/or Roth 401(k) basis through payroll deductions up to 50% (in 1% increments) of their eligible compensation subject to certain legal limitations (“Contributions”). Eligible compensation generally means base salary/regular pay and variable incentive compensation. Eligible compensation excludes overtime, sign-on bonuses and similar awards, referral awards, stipends, non-cash awards (such as equity awards), and allowances. The maximum annual eligible compensation under the Plan may not exceed the applicable statutory limit.
In addition, Participants who are age 50 or older are permitted to make additional Contributions known as “catch-up” contributions.
Matching contributions
Generally, except as discussed below, each contributing employer (“Contributing Employer”) makes an annual matching contribution ("Matching Contribution") on behalf of each Participant who has completed one year of service in an amount equal to 100% of the Participant’s Contributions up to 5% of eligible compensation – provided that the Participant is employed by JPMorgan Chase at the end of the calendar year, unless certain specified conditions are met. Participants whose total annual cash compensation is $250,000 or more are not eligible to receive Matching Contributions. The determination of total annual cash compensation is made each August 1 and applies for the next succeeding calendar year.
Matching Contributions are invested in the same manner as a Participant’s Contributions.
Discretionary contributions
In December 2018 and 2017, JPMorgan Chase Bank, N.A., on behalf of each Contributing Employer, announced the granting of discretionary contributions to certain non-highly compensated employees. The contributions were allocated to the accounts of the eligible employees in January 2019 and 2018, respectively. The awards were immediately 100% vested and were invested in the same manner as the Participants’ Contributions or, in a Target Date Fund in the absence of such an election.
Other contributions commencing January 1, 2019 - January 1, 2020
In connection with changes to JPMorgan Chase’s U.S. Retirement Savings Program, which consists of the Plan and the JPMorgan Chase Retirement Plan (a U.S. defined benefit pension plan (the “Retirement Plan”)), JPMorgan Chase announced it will freeze

6

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



the Retirement Plan. Commencing on January 1, 2020 (and January 1, 2019, for new hires on and after December 2, 2017), eligible employees will no longer earn monthly pay credits in the Retirement Plan. Instead, JPMorgan Chase will provide annual profit-sharing contributions to the Plan (known as “automatic pay credits”) on behalf of each Participant who has completed one year of service - provided that the Participant is employed by JPMorgan Chase at the end of the calendar year, unless certain specified conditions are met, based upon a percentage of eligible compensation capped at $100,000 annually. 
Rollover contributions
The Plan accepts qualifying rollover contributions made by Participants in cash from qualified retirement plans of other employers; individual retirement accounts (“IRA”); governmental 457 plans; and 403(b) plans. After-tax rollovers are not accepted by the Plan; however the Plan accepts Roth 401(k) rollovers.
Dividend election
The JPMorgan Chase Common Stock Fund has been designated as a nonleveraged employee stock ownership plan. As such, Participants may elect to have any dividends attributable to their vested balance paid to them on a quarterly basis rather than reinvested; the dividend payments are not subject to an early distribution tax penalty. If a Participant makes no election, the dividend income will automatically be reinvested in the Participant’s account in the JPMorgan Chase Common Stock Fund.
Vesting
A Participant’s Contributions are 100% vested, including any associated investment performance (or “earnings”). Participants become 100% vested in the value of the Matching Contributions and automatic pay credits, including any associated investment performance, after they have completed three years of service. Employer discretionary contributions, if any, vest according to the schedule communicated at the time they were announced.
Forfeited accounts
Matching Contributions that are forfeited can be used to reduce a Contributing Employer’s future Matching Contributions and/or Plan expenses that would otherwise be paid directly by the Contributing Employer. For the years ended December 31, 2018 and 2017, $4,542,914 and $4,278,741, respectively, of the forfeited amounts were used to reduce Contributing Employer’s Matching Contributions.
Distributions
Withdrawal of contributions
The Plan allows a Participant to withdraw all or any portion of his or her vested account balance attributable to after-tax contributions or contributions rolled over from another qualified plan or IRA, if any. Certain individuals who participated in prior plans may also withdraw other types of nonforfeitable employer contributions, subject to certain restrictions.
Participants who have withdrawn all amounts permissible under the preceding paragraph may request to withdraw up to the remaining amount of their vested account balance only upon attaining age 591/2 or for reasons of financial hardship (limited to amounts that are eligible to be withdrawn for financial hardship per Plan provisions).
The Plan allows for in-plan Roth conversions whereby certain Plan Participants who are eligible to take an in-service withdrawal or distribution can convert certain non-Roth account balances in the Plan to Roth accounts.
Payment of vested benefits
A Participant who terminates employment may elect to receive the value of his or her vested benefit under the Plan. In the event of the death of a married Participant, fully vested benefits will be distributed to the Participant’s spouse or to another beneficiary if the spouse previously consented. An unmarried Participant may designate anyone as his or her beneficiary. If there is no spouse or living beneficiary on the date of the Participant’s death, the value of the vested benefit is distributed to the Participant’s estate.
A terminated Participant whose vested account balance under the Plan (including loans) is $1,000 or more may elect to: (1) receive a lump sum payment; (2) obtain a rollover payment to an IRA (traditional or Roth) or another employer’s qualified plan; (3) receive monthly, quarterly or annual installments over a period not exceeding their life expectancy, or (4) defer receipt of the distribution until April 1 of the year after he or she attains the age of 701/2. A Participant will be deemed to have elected to defer receipt of his or her account balance to April 1 of the year following the year in which he or she attains age 701/2 unless otherwise elected by the month following the date of his or her 65th birthday.
If a terminated Participant’s vested account balance does not exceed $1,000, the account balance, less any required income tax withholding, will be paid to the Participant in a single lump sum. However, the Participant may elect to directly roll over the distribution to an IRA (traditional or Roth) or another employer’s qualified plan without any required income tax withholding.


7

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



Notes receivable from participants
The Plan permits Participants to borrow a portion of their vested account balance without paying income taxes or incurring income tax penalties. The minimum loan amount is $1,000. The maximum aggregate amount of all loans to any Participant under the Plan is the lesser of $50,000 (reduced by the highest loan balance outstanding during the 12-month period preceding the date of the new loan) or 50% of the vested value of their account balance. The interest rate on a loan is based on the prime rate in effect on the first business day of the month, and it is fixed for the duration of the loan. Generally, loans must be paid off within five years. If, however, the loan is for the purchase of a principal residence, the repayment period may be up to 15 years. The Plan limits Participants to two outstanding loans at any time. Loan principal and interest are paid through payroll deductions. Notes receivable from participants in the Statement of Net Assets Available for Benefits are measured at the principal amount outstanding.
Administrative expenses
To the extent not paid in full or in part by the Contributing Employers, the trustee uses Plan assets to pay the expenses of the Plan, such as taxes (if any) incurred on the income or assets of the trust, brokerage commissions and other expenses associated with the purchase and sale of investments, investment management fees and other expenses directly attributable to the administration of the Plan.
2. Summary of significant accounting policies
Basis of presentation
The accounting and financial reporting policies of the Plan conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain prior year amounts have been reclassified to conform with the current year’s presentation.
Use of estimates in the preparation of financial statements
The preparation of financial statements requires Plan management to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes in net assets available for benefits, and the disclosure of contingent assets and liabilities. Actual results could be different from these estimates.
Investment valuation
Investments are recorded at fair value, except for the synthetic guaranteed investment contracts ("synthetic GICs"), which are recorded at contract value. Investments measured at fair value include certain investments that use the net asset value per share ("NAV") or its equivalent as a practical expedient. For information related to the Plan’s valuation methodologies for its investments recorded at fair value, refer to Note 3.
Synthetic GICs
A synthetic GIC is an investment contract associated with The Stable Value Fund in which the Plan owns the underlying investment assets and purchases wrapper contracts from insurance companies which provide market value and cash flow risk protection to the Plan. The Plan accounts for its synthetic GICs at contract value as that is the amount Participants would receive if they were to withdraw or transfer all or a portion of their investments in The Stable Value Fund. For a discussion of synthetic GIC investment contracts, refer to Note 5.
Participant withdrawals
Participant withdrawals are recorded when paid.
Differences between financial statements and Form 5500
The Plan does not reflect as liabilities amounts allocated to the accounts of Participants who have elected to withdraw from the Plan but have not yet been paid. The U.S. Department of Labor, however, requires that these amounts be reported as a liability on Internal Revenue Service ("IRS") Form 5500. As a result, amounts allocated to withdrawals by Participants that have been processed and approved for payment prior to December 31, but are not yet paid as of that date are recorded on IRS Form 5500 as benefits paid.
The following is a reconciliation of net assets available for benefits as disclosed per the financial statements to the Form 5500.
December 31,
 
2018
 
2017
Net assets available for benefits per the financial statements
 
$
26,543,512,488

 
$
27,981,814,209

Less: Amounts allocated to withdrawing Participants
 
(2,362,723
)
 
(4,498,999
)
Net assets available for benefits per Form 5500
 
$
26,541,149,765

 
$
27,977,315,210


8

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



The following is a reconciliation of benefits paid to Participants as disclosed per the financial statements to Form 5500.
Year ended December 31,
 
2018
 
2017
Benefits paid to Participants per the financial statements
 
$
1,747,921,497

 
$
1,612,638,415

Add: Amounts allocated to withdrawing Participants at end of year
 
2,362,723

 
4,498,999

Less: Amounts allocated to withdrawing Participants at beginning of year
 
(4,498,999
)
 
(6,339,517
)
Benefits paid to Participants per Form 5500
 
$
1,745,785,221

 
$
1,610,797,897

Foreign currency translation
The Plan revalues assets, liabilities, income and expenses denominated in non-U.S. currencies into U.S. dollars using applicable exchange rates.
3. Fair value measurements
Determination of fair value
Following is a description of the Plan’s valuation methodologies for assets and liabilities measured at fair value. The Plan has an established and well-structured process for determining fair values. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on quoted market prices, where available. If listed prices or quotes are not available, fair value is based on models that consider relevant transaction characteristics (such as maturity) and use as inputs observable or unobservable market parameters, including but not limited to yield curves, interest rates, volatilities, equity or debt prices, foreign exchange rates and credit curves. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect constraints on liquidity and unobservable parameters when the Plan is unable to observe a recent market price for a financial instrument that trades in inactive (or less active) market. Liquidity adjustments are not taken for positions classified within level 1 (as defined below) of the fair value hierarchy.
The Plan uses various methodologies and assumptions in the determination of fair value. The use of different methodologies or assumptions by other market participants compared with those used by the Plan could result in a different estimate of fair value at the reporting date.
During 2018, no changes were made to the Plan's valuation models that had, or are expected to have, a material impact on the Plan's Statements of Changes in Net Assets Available for Benefits.
Valuation hierarchy
A three-level valuation hierarchy has been established under U.S. GAAP for disclosure of fair value measurements. The valuation hierarchy is based on the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows:
•
Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
•
Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
•
Level 3 — one or more inputs to the valuation methodology are unobservable and significant to the fair value measurement.
A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement.








9

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



The following table describes the valuation methodologies generally used by the Plan to measure its instruments at fair value, including the general classification of such instruments pursuant to the valuation hierarchy.
Instrument
Valuation methodology
Classifications in the valuation hierarchy
JPMorgan Chase & Co common stock
Closing price reported on the New York Stock Exchange
Level 1
Other equity, corporate debt, asset-backed, U.S. federal, state, local and non-U.S. governments and mortgage-backed securities
Quoted market prices are used where available
Level 1
In the absence of quoted market prices, securities are valued based on:
Level 2
•
Observable market prices for similar securities
 
•
Relevant broker quotes
 
 
•
Independent pricing services
 
 
•
Discounted cash flows with observable inputs
 
Fund investments (e.g., mutual, collective investment, money market and other) and registered investment companies
Net asset value
 
•
NAV is supported by the ability to redeem and purchase at NAV level.
Level 1
 
•
Adjustments to the NAV as required, for restrictions or redemption (e.g., lock-up periods or withdrawal limitations) or where observable activity is limited.
Level 2(a)
Derivatives
Exchange-traded derivatives that are actively traded and valued using the exchange price.
Level 1
 
Non-exchange traded derivatives that are valued using independent pricing services.
Level 2
 
Refer to Note 6 for further information on derivative instruments.
 
(a)
Excludes certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient.
Investments measured at net asset value
The Plan uses the NAV to measure the fair value of multiple investments as indicated above including investments that (a) do not have a readily determinable fair value and (b) either have the attributes of an investment company or prepare their financial statements consistent with the measurement principles of an investment company. These investments consist predominantly of investments in certain collective investment funds and registered investment companies. The Plan measures certain collective investment funds using the net asset value per share (or its equivalent) as a practical expedient.
The investment strategies for collective investment funds and registered investment companies vary, and they may invest directly and indirectly in a broad range of equities, debt and derivative investments with the objective of mirroring or exceeding the total return of certain market indices (e.g., Standard & Poor’s ("S&P") 500 Index, Russell 1000 Index, Bloomberg Barclays U.S. Aggregate Bond Index). Strategies may vary based on global macroeconomic views, expected directional movements in the financial markets, market capitalization (e.g., large, medium or small cap stocks), and other strategies. Certain of these investments could be subject to restrictions or redemption in the future as indicated above; and they may be sold based on the level of capital markets activity, market levels, the performance of the broader economy and investments-specific issues.
The Plan has no commitments to make additional investments in financial instruments that are valued at NAV.








10

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



The following tables present the financial instruments carried at fair value as of December 31, 2018 and 2017, by major product category and fair value hierarchy.
Assets and liabilities measured at fair value on a recurring basis
 
 
Fair value hierarchy
 
 
December 31, 2018
 
Level 1
 
Level 2
 
Total fair value
Equity securities:
 
 
 
 
 
 
JPMorgan Chase & Co.
 
$
4,401,020,129

 
$
—

 
$
4,401,020,129

Other equity securities
 
2,293,810,581

 
19,907

 
2,293,830,488

Total equity securities
 
6,694,830,710

 
19,907

 
6,694,850,617

Corporate debt and asset-backed securities
 
—

 
1,570,261,140

 
1,570,261,140

U.S. federal, state, local and non-U.S. government securities
 
566,507,075

 
49,833,930

 
616,341,005

Mortgage-backed securities
 
140,178,116

 
12,667,831

 
152,845,947

Money market funds and other
 
182,608,804

 
—

 
182,608,804

Derivatives receivables
 
—

 
3,233,132

 
3,233,132

Total assets measured at fair value
 
$
7,584,124,705

 
$
1,636,015,940

 
$
9,220,140,645

Investments measured at net asset value(a)
 
 
 
 
 
14,334,891,849

  Total investments at fair value
 
 
 
 
 
$
23,555,032,494

 
 
 
 
 
 
 
Derivative payables
 
$
—

 
$
2,810,109

 
$
2,810,109

Total liabilities measured at fair value
 
$
—

 
$
2,810,109

 
$
2,810,109

 
 
Fair value hierarchy
 
 
December 31, 2017
 
Level 1
 
Level 2
 
Total fair value
Equity securities:
 
 
 
 
 
 
JPMorgan Chase & Co
 
$
4,849,555,864

 
$
—

 
$
4,849,555,864

Other equity securities
 
2,481,570,532

 
—

 
2,481,570,532

Total equity securities
 
7,331,126,396

 
—

 
7,331,126,396

Registered investment companies
 
—

 
7,996,775

 
7,996,775

Corporate debt and asset-backed securities
 
—

 
1,434,375,382

 
1,434,375,382

U.S. federal, state, local and non-U.S. government securities
 
539,767,018

 
95,961,224

 
635,728,242

Mortgage-backed securities
 
98,032,785

 
23,315,072

 
121,347,857

Money market funds and other
 
284,313,472

 
—

 
284,313,472

Derivative receivables
 
—

 
1,425,914

 
1,425,914

Total assets measured at fair value
 
$
8,253,239,671

 
$
1,563,074,367

 
$
9,816,314,038

Investments measured at net asset value(a)
 
 
 
 
 
15,056,676,044

  Total investments at fair value
 
 
 
 
 
$
24,872,990,082

 
 
 
 
 
 
 
Derivative payables
 
$
—

 
$
1,692,573

 
$
1,692,573

Total liabilities measured at fair value
 
$
—

 
$
1,692,573

 
$
1,692,573


(a)
Represents investments in collective investment funds that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient, but are not required to be classified in the fair value hierarchy.
4. Investment program
As of December 31, 2018, the Plan offers Participants 29 investment options, which consist of: nine Target Date Funds (most of the underlying funds are index funds) and 20 core investment funds, which are composed of six fixed-income funds, nine domestic equity funds (five are index funds), three international equity funds (two are index funds), one emerging markets equity index fund, and the JPMorgan Chase Common Stock Fund.
Fund transactions are processed on a daily basis and are recorded at an aggregate level within the Trust Fund. Great-West Financial Retirement Plan Services, LLC is the third-party administrator and recordkeeper.

11

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



Participants may elect to direct or change the allocation of their account balances and contributions in the investment funds on a daily basis. Participant requests for fund reallocations, transfers and distributions are processed on a daily basis using NAV. Changes become effective on the same business day if the New York Stock Exchange is open and the request is made before 4 p.m. Eastern Time, or by the close of the New York Stock Exchange, whichever is earlier. Otherwise, the changes become effective on the next business day.
The Plan Administrator may place restrictions on investments in the funds and on daily transfers and reallocations among funds.
5. Synthetic guaranteed investment contracts
The Stable Value Fund invests in synthetic GICs, which are also known as wrapper contracts. A synthetic GIC is an investment contract issued by an insurance company or other financial institution that is backed by a portfolio of bonds or other fixed income securities (the “underlying assets”) that are owned by the Plan. The wrapper contract is designed to protect the contract value of these underlying assets. Under these contracts, realized and unrealized gains and losses on the underlying assets are not immediately recognized in the net assets of the Plan, but are amortized over the maturity or duration of the underlying assets, through adjustments to the future interest crediting rate of the synthetic GICs as discussed further below. The issuer of the wrapper contract guarantees that all qualified participant withdrawals will take place at the contract value.
The Plan accounts for synthetic GICs at contract value. Contract value represents contributions made under the contract, plus earnings, less Participant withdrawals and administrative expenses. Participants may customarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The Plan has not recognized any provision for credit losses to reflect the credit risk of the issuer of the synthetic GIC or otherwise.
There are no events known to the Plan that are probable of occurring that would limit its ability to transact at contract value with the issuer of the wrapper contract nor with Participants. The wrapper contracts cannot be terminated by their issuer at a value other than contract value, except under a limited number of very specific circumstances including termination of the Plan or loss of qualified status of the Plan, material misrepresentations by the Plan sponsor or investment manager, failure by these same parties to meet material obligations under the contract, or other similar types of events.
The following is a summary of the Plan’s investments related to the synthetic GICs recorded at contract value:
December 31,
 
2018
2017
Synthetic GICs
 
 
 
Metlife Wrapper Contract
 
$
655,440,606

$
676,691,447

Prudential Bond Wrapper Contract
 
674,105,681

919,131,905

Transamerica Wrapper Contract
 
507,380,517

—

VOYA Contract Wrapper Contract
 
341,849,983

352,765,763

Nationwide Wrapper Contract
 
—

300,005,661

Total synthetic GICs
 
$
2,178,776,787

$
2,248,594,776


6. Derivative instruments
Derivative contracts derive their value from underlying asset prices, indices, reference rates, other inputs or a combination of these factors and may expose counterparties to risks and rewards of an underlying asset or liability without having to initially invest in, own or exchange the asset or liability. Derivative instruments enable Participants to mitigate or modify interest rate, credit, foreign exchange and equity risks. The Plan uses derivatives to manage and invest in market risk exposures, predominantly using interest rate, credit derivative, foreign exchange and equity contracts. For a further discussion of credit derivatives, see the discussion in the Credit derivatives section of this Note.
Accounting for derivatives
All derivatives are recorded on the Statements of Net Assets Available for Benefits at fair value, with all changes in fair value reflected in the Statements of Changes in Net Assets Available for Benefits.





12

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017




Notional amount of derivative contracts
The following table summarizes the notional amount of derivative contracts outstanding as of December 31, 2018 and 2017.
 
 
Notional amounts(a)
December 31,
 
2018
 
2017
Interest rate contracts
 
 
 
 
Swaps
 
$
352,951,000

 
$
303,209,736

Futures and forwards
 
143,082,500

 
141,050,821

Written options
 
134,248,000

 
215,750,000

Purchased options
 
162,460,000

 
180,450,000

Total interest rate contracts
 
792,741,500

 
840,460,557

Credit derivatives
 
56,480,000

 
70,250,000

Foreign exchange contracts
 
 
 
 
Spot, futures and forwards
 
34,764,532

 
29,550,951

Total foreign exchange contracts
 
34,764,532

 
29,550,951

Equity contracts
 
 
 
 
Futures and forwards
 
11,700

 
2,800

Written options
 
33,100,000

 
1,400,000

Warrants
 
2,998

 
2,998

Total equity contracts
 
33,114,698

 
1,405,798

Total derivative notional amounts
 
$
917,100,730

 
$
941,667,306

(a)
Represents the sum of gross long and gross short third-party notional derivative contracts.
While the notional amounts disclosed above give an indication of the volume of the Plan’s derivative activities, the notional amounts significantly exceed, in the Plan’s view, the possible losses that could arise from such transactions. For most derivative transactions, the notional amount is not exchanged; it is used simply as a reference to calculate payments.
Impact of derivatives on the Statements of Net Assets Available for Benefits
The following table summarizes the gross fair values of derivative receivables and payables (irrespective of any legally enforceable master netting agreements) by contract type as of December 31, 2018 and 2017, respectively.
 
 
Gross derivative receivables
 
Gross derivative payables
December 31,
 
2018
 
2017
 
2018
 
2017
Contract type
 
 
 
 
 
 
 
 
Interest rate
 
$
2,634,913

 
$
976,633

 
$
2,484,193

 
$
1,270,722

Credit derivatives
 
97,586

 
305,205

 
40,057

 
9,484

Foreign exchange
 
453,594

 
74,103

 
232,273

 
411,956

Equity
 
47,039

 
69,973

 
53,586

 
411

Gross fair value of derivative receivables and payables
 
$
3,233,132

 
$
1,425,914

 
$
2,810,109

 
$
1,692,573

Derivatives gains and losses
The following table presents derivatives gains/(losses), by contract type, for the years ended December 31, 2018 and 2017. All amounts are recorded in net appreciation/(depreciation) in fair value of investments in the Statements of Changes in Net Assets Available for Benefits.

13

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



 
 
Derivatives gains/(losses)
Year ended December 31,
 
2018
 
2017
Contract type
 
 
 
 
Interest rate
 
$
1,229,711

 
$
(2,107,261
)
Credit derivatives
 
(587,890
)
 
885,183

Foreign exchange
 
1,353,317

 
(951,024
)
Equity
 
(2,933,746
)
 
1,752,349

Total
 
$
(938,608
)
 
$
(420,753
)
Credit risk, liquidity risk and credit-related contingent features
In addition to the specific market risks introduced by each derivative contract type, derivatives expose the Plan to credit risk — the risk that derivative counterparties may fail to meet their payment obligations under the derivative contracts and the collateral, if any, held by the Plan proves to be of insufficient value to cover the payment obligation. It is the policy of the Plan to actively pursue, where possible, the use of legally enforceable master netting agreements and collateral agreements to mitigate derivative counterparty credit risk. A master netting agreement is a single contract with a counterparty that permits multiple transactions governed by that contract to be terminated or accelerated and settled through a single payment in a single currency in the event of a default (e.g., bankruptcy, failure to make a required payment or securities transfer or deliver collateral or margin when due). Collateral/margin agreements provide for a security interest in, or title transfer of, securities or cash collateral/margin to the demanding party with a value equal to the amount of the margin deficit on a net basis across all transactions governed by the master netting agreement, less any threshold. The collateral/margin agreement grants to the demanding party, upon default by the counterparty, the right to set off any amounts payable by the counterparty against any posted collateral or the cash equivalent of any posted collateral/margin. It also grants to the demanding party the right to liquidate collateral/margin and to apply the proceeds to an amount payable by the counterparty.
The amount of derivative receivables reported on the Statements of Net Assets Available for Benefits is the fair value of the derivative contracts excluding the impact of any legally enforceable master netting agreements and cash collateral held by the Plan. These amounts represent the cost to the Plan to replace the contracts at then-current market rates should the counterparty default. However, in the Plan’s view, the appropriate measure of current credit risk should take into consideration the collateral held by the Plan. The Plan has received $1,920,000 and $225,275 of cash collateral and $0 and $280,000 of securities collateral as of December 31, 2018 and December 31, 2017, respectively.
While derivative receivables expose the Plan to credit risk, derivative payables expose the Plan to liquidity risk, as the derivative contracts may require the Plan to post cash or securities collateral with counterparties as the fair value of the contracts moves in the counterparties’ favor. Certain derivative contracts also provide for termination of the contract, generally upon a ratings downgrade of the counterparty or in the event sufficient collateral is not delivered as required, at the fair value of the derivative contracts. The aggregate fair value of derivative payables that contain termination features was $2,810,109 and $1,692,573 as of December 31, 2018 and 2017, respectively. The Plan has posted $3,581,029 and $3,788,791 of cash collateral and $4,120,883 and $4,179,000 of securities collateral as of December 31, 2018 and 2017, respectively.
Credit derivatives
Credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer (the reference entity) and which allow one party (the protection purchaser) to transfer that risk to another party (the protection seller). Credit derivatives expose the protection purchaser to the creditworthiness of the protection seller, as the protection seller is required to make payments under the contract when the reference entity experiences a credit event, such as a bankruptcy, a failure to pay its obligation or a restructuring. The seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event.
The Plan primarily enters into credit default swaps (“CDS”), which are credit derivative contracts between two counterparties that provides protection against a credit event on either a single referenced entity ("single-name") or a broad-based index. Protected credit events are specified at the inception of a transaction.
The following table summarizes the notional amounts by the ratings and maturity profile, and the total fair value, of credit derivatives as of December 31, 2018 and 2017, where the Plan is the seller of protection. All of the credit derivative contracts, where the Plan is the seller of protection, were credit default swaps. Upon a credit event, the Plan as a seller of protection would typically pay out only a percentage of the full notional amount of net protection sold, as the amount actually required to be paid on the contracts takes into account the recovery value of the reference obligation at the time of settlement. The Plan does not use notional amounts as the primary measure of risk management for such derivatives, because the notional amount does not

14

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



take into account the probability of the occurrence of a credit event, the recovery value of the reference obligation, or related cash instruments and economic hedges, each of which reduces, in the Plan's view, the risks associated with such derivatives. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based.
Protection sold – credit derivatives ratings(a)/maturity profile
 
Risk rating of reference entity
 
 
 
Total
notional amount
 
December 31,
<1 year
1–5 years
>5 years
Fair value(b)
2018
Investment-grade
$
5,400,000

$
42,580,000

$
2,700,000

$
50,680,000

$
57,529

 
Noninvestment-grade
—

100,000

—

100,000

—

 
Total
$
5,400,000

$
42,680,000

$
2,700,000

$
50,780,000

$
57,529

 
 
 
 
 
 
 
2017
Investment-grade
$
5,700,000

$
54,150,000

$
2,700,000

$
62,550,000

$
300,759

 
Noninvestment-grade
600,000

1,400,000

—

2,000,000

(5,038
)
 
Total
$
6,300,000

$
55,550,000

$
2,700,000

$
64,550,000

$
295,721

(a)
The ratings scale is primarily based on external credit ratings as defined by S&P and Moody’s Investor Services.
(b)
Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements and cash collateral held by the Plan.
7. Transactions with affiliated parties
Certain Plan investments are managed by parties that meet the definition of affiliated parties as defined by the Plan. The following summary of transactions qualify as party-in-interest transactions for the years ended December 31, 2018 and 2017.
 
Aggregate cost
of purchases
Aggregate proceeds from
sales, redemptions and
distributions to participants
 
2018
2017
2018
2017
JPMorgan U.S. Government Money Market
  Fund – Capital Shares
$
3,290,556,240

$
3,311,095,028

$
3,319,336,274

$
3,402,150,736

JPMorgan Chase & Co. common stock
655,462,539

508,923,788

644,297,884

644,489,279

Core Bond Fund (managed by JPMorgan
  Investment Advisors)
38,293,276

39,262,016

31,463,286

43,145,748

Funds managed by JPMorgan Asset
  Management (USA) Inc.:
 
 
 
 
Emerging Markets Debt Fund
39,948,658

19,337,004

16,133,553

4,948,924

Short-Term Fixed Income Fund
1,168,918,662

1,101,747,585

1,115,485,007

1,122,029,115

Small Cap Core Fund
631,351,786

514,178,873

627,746,061

496,226,845

Stable Value Fund
1,229,634,893

901,246,787

1,213,670,396

1,004,275,984

8. Tax status and federal income taxes
On May 12, 2017, the Plan received a favorable letter of determination from the IRS stating that it qualified under Section 401(a) of the Internal Revenue Code (“Code”), and therefore, the related trust is exempt from taxation. The Plan is required to operate in accordance with the Code to maintain its qualified status. The Plan Administrator believes the Plan is operating in compliance with the applicable requirements of the Code.
U.S. GAAP requires the management of the Plan to evaluate tax positions taken by the Plan and recognize an income tax liability if the Plan has taken uncertain tax positions that more-likely-than-not would not be sustained upon examination by applicable taxing authorities. Management of the Plan has analyzed tax positions taken by the Plan and has concluded that, as of December 31, 2018 and 2017, there were no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or that would require disclosure in the financial statements. The Plan is subject to audits by the taxing authorities; however, there are currently no audits in progress for any tax period.
Participants who are not currently receiving a distribution under the Plan do not pay any U.S. federal income tax on Contributing Employer contributions or income earned by the Trust. When a Participant, or his or her beneficiary or estate, receives a distribution under the Plan, the distribution is generally taxable. The tax treatment of any distribution from the Trust depends on individual circumstances.


15

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Notes to Financial Statements
December 31, 2018 and 2017



9. Commitments and contingencies
In accordance with the provisions of U.S. GAAP for contingencies, the Plan accrues for a litigation-related liability when it is probable that such a liability has been incurred and the amount of the loss can be reasonably estimated. Plan management evaluates the Plan's outstanding legal proceedings, if any, periodically to assess whether any litigation reserve is required, and makes adjustments in such reserves, upwards or downwards, as appropriate, based on Plan management’s best judgment after consultation with counsel.
While the outcome of litigation is inherently uncertain, Plan management believes, based upon its current knowledge, after consultation with counsel, in light of all information known to it at December 31, 2018, that there are no pending or threatened legal proceedings affecting the Plan that would require the establishment of a litigation reserve. There is no assurance that the Plan will not need to establish a reserve, or to adjust the amount of such a reserve, for a litigation-related liability in the future.
10. Risks and uncertainties
The Plan’s investments include financial instruments that are exposed to various risks such as market, credit and liquidity risks. The instruments include investments in equities, fixed income securities, swaps, currency and commodities, futures, forwards, options, and other derivative contracts. Due to the level of risk associated with certain financial instruments, and the sensitivity of certain fair value estimates to changes in valuation assumptions, it is at least reasonably possible that changes in the values of financial instruments will occur in the near term and such changes could materially affect the Participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the Statements of Changes in Net Assets Available for Benefits.
Market risk is the risk associated with the effect of changes in market factors such as interest and foreign exchange rates, equity and commodity prices, credit spreads or implied volatilities, on the value of assets and liabilities held for both the short and long term. In many cases, the Plan’s financial instruments serve to reduce, rather than increase, exposure to losses from market or other risks. In addition, the measurement of market risk is meaningful only when all related and offsetting transactions are identified. The investment managers may limit the Plan’s market risk by holding or purchasing offsetting positions.
Credit risk is the risk associated with the default or change in credit profile of a counterparty. Regarding derivative assets, the Plan is subject to the risk of counterparty nonperformance except for written options, which obligate the Plan to perform, but do not give rise to counterparty credit risk. The Plan predominantly enters into derivative contracts with counterparties of high credit quality; therefore, the risk of counterparty nonperformance is considered to be negligible.
Concentration of credit risk arises when investments or counterparties are engaged in similar business activities or activities in the same geographic region, or when they have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Plan’s exposure to a concentration of credit risk is limited by the broad diversification of investments across the Participant directed fund elections. Additionally, the investments within each Fund are further diversified into various financial instruments, with the exception of the JPMorgan Chase Common Stock Fund, which invests predominantly in JPMorgan Chase & Co. common stock. The Plan's exposure to credit risk from synthetic GICs is limited to the excess of the carrying value of the contract over the market value of the underlying investments.
11. Plan termination
JPMorgan Chase reserves the right to amend, modify or terminate the Plan at any time. In the event of termination, the value of Participants’ accounts will be paid in accordance with the provisions of the Plan and the provisions of ERISA.
12. Subsequent event
In preparing the financial statements, management of the Plan has performed an evaluation of material events that occurred subsequent to December 31, 2018, and through June 26, 2019, the date these financial statements were available to be issued. There were no material subsequent events that occurred that would require disclosure or recognition in these financial statements.



16
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES:
 

 

 
 
2U INC
 86,414 SHARES
7,543,721

4,296,504

 
 
AAR CORP
 46,546 SHARES
1,164,834

1,738,028

 
 
ABB LTD
 463,990 SHARES
10,330,392

8,799,242

 
 
ABM INDUSTRIES INC
 39,902 SHARES
1,146,494

1,281,253

 
 
ABRAXAS PETROLEUM CORP
 497,293 SHARES
1,166,160

542,049

 
 
ACACIA RESEARCH CORP
 35,578 SHARES
137,314

106,022

 
 
ACADIA HEALTHCARE CO INC
 63,330 SHARES
2,443,419

1,628,214

 
 
ACCO BRANDS CORP
 461,378 SHARES
3,670,350

3,128,143

 
 
ACLARIS THERAPEUTICS INC
 69,200 SHARES
1,395,461

511,388

 
 
ACORDA THERAPEUTICS INC
 26,600 SHARES
1,022,692

414,428

 
 
ACTIVISION BLIZZARD INC
 133,309 SHARES
10,146,371

6,208,200

 
 
ACTUANT CORP
 85,812 SHARES
2,249,186

1,801,194

 
 
ADDUS HOMECARE CORP
 63,800 SHARES
2,196,257

4,330,744

 
 
ADECOAGRO SA
 297,182 SHARES
2,901,222

2,068,387

 
 
ADOBE INC
 65,779 SHARES
6,076,125

14,881,841

 
 
ADURO BIOTECH INC
 172,400 SHARES
2,046,365

455,136

 
 
ADVANCED DISPOSAL SRVCS INC
 103,151 SHARES
2,287,029

2,469,435

 
 
ADVANCED ENERGY INDUSTRIES INC
 37,068 SHARES
2,376,838

1,591,329

 
 
ADVANCED MICRO DEVICES INC
 296,635 SHARES
7,401,965

5,475,882

 
 
ADVANSIX INC
 35,600 SHARES
977,730

866,504

 
 
AKBANK T.A.S.
 864,360 SHARES
1,103,744

1,114,590

 
 
AKEBIA THERAPEUTICS INC
 96,800 SHARES
1,480,932

535,304

 
 
AKZO NOBEL NV
 100,918 SHARES
7,265,671

8,121,654

 
 
ALIBABA GRP HLDG LTD
 48,168 SHARES
4,980,859

6,602,388

 
 
ALLENA PHARMACEUTICALS INC
 72,600 SHARES
1,016,400

395,670

 
 
ALLIANCE DATA SYSTEMS CORP
 14,651 SHARES
2,546,728

2,198,822

 
 
ALPHA & OMEGA SEMICNDCTR LTD
 79,875 SHARES
1,380,832

813,926

 
 
ALPHABET INC
 48,285 SHARES
35,387,037

50,004,429

 
 
AMAG PHARMACEUTICALS INC
 94,400 SHARES
2,318,004

1,433,936

 
 
AMAZON.COM INC
 28,911 SHARES
27,806,837

43,423,455

 
 
AMC NETWORKS INC
 29,163 SHARES
1,783,576

1,600,465

 
 
AMERICAN ASSETS TR INC
 33,700 SHARES
1,192,637

1,353,729

 
 
AMERICAN AXLE & MFG HLDGS INC
 240,530 SHARES
4,291,487

2,669,883

 
 
AMERICAN EQUITY INV LIFE HLDG CO
 116,282 SHARES
2,327,994

3,248,919

 
 
AMERICAN INTL GRP INC
 109,087 SHARES
6,576,693

4,299,119

 
 
AMERICAN RENAL ASSOC HLDGS INC
 37,500 SHARES
825,587

432,000

 
 
AMERICAN TOWER CORP
 87,884 SHARES
8,698,936

13,902,370

 
 
AMERICA'S CAR-MART INC
 4,700 SHARES
375,885

340,515

 
 
AMERICOLD REALTY TR
 140,400 SHARES
3,420,331

3,585,816

 
 
AMERIS BANCORP
 64,778 SHARES
3,148,851

2,051,519

 
 
AMETEK INC
 99,655 SHARES
4,369,833

6,746,644

 
 
AMICUS THERAPEUTICS INC
 417,614 SHARES
3,810,910

4,000,742

 
 
ANAPLAN INC
 63,100 SHARES
1,080,163

1,674,674

 
 
ANAPTYSBIO INC
 17,900 SHARES
423,524

1,141,841

 
 
ANIXTER INTL INC
 15,708 SHARES
1,089,775

853,101

 
 
APPLE INC
 137,967 SHARES
17,811,607

21,762,915

 
 
APPLIED INDUSTRIAL TECH INC
 24,300 SHARES
1,113,021

1,310,742

 
 
APPLIED MATERIALS INC
 101,900 SHARES
2,942,061

3,336,206


17
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
APTINYX INC
 2,000 SHARES
51,210

33,080

 
 
ARCBEST CORP
 150,327 SHARES
3,348,150

5,150,203

 
 
ARCH COAL INC
 20,900 SHARES
1,670,142

1,734,491

 
 
ARMADA HOFFLER PROPERTIES INC
 227,716 SHARES
3,051,158

3,201,687

 
 
ARROWHEAD PHARMACTCLS INC
 105,600 SHARES
1,715,340

1,311,552

 
 
ARVINAS HLDG CO LLC
 2,000 SHARES
32,000

25,700

 
 
ARYZTA AG
 359,089 SHARES
1,724,065

396,499

 
 
ASBURY AUTOMOTIVE GRP INC
 6,800 SHARES
458,595

453,288

 
 
ASHFORD HOSPITALITY TR INC
 28,110 SHARES
182,264

112,440

 
 
ASSEMBLY BIOSCIENCES INC
 29,700 SHARES
669,808

671,814

 
 
ASTRAZENECA PLC
 95,700 SHARES
5,512,028

7,158,219

 
 
AT&T INC
 47,550 SHARES
1,430,163

1,357,077

 
 
ATKORE INTL GRP INC
 59,100 SHARES
1,219,887

1,172,544

 
 
ATLANTIC POWER CORP
 131,988 SHARES
298,657

286,414

 
 
AUDENTES THERAPEUTICS INC
 41,700 SHARES
826,968

889,044

 
 
AUTODESK INC
 95,238 SHARES
7,598,017

12,248,559

 
 
AVIVA PLC
 1,022,760 SHARES
7,525,039

4,891,215

 
 
AXOGEN INC
 34,458 SHARES
1,381,960

703,977

 
 
AXONICS MODULATION TECH INC
 82,800 SHARES
1,210,519

1,251,108

 
 
B&G FOODS INC
 80,428 SHARES
2,414,198

2,325,173

 
 
BAIDU INC
 40,715 SHARES
7,221,947

6,457,399

 
 
BALFOUR BEATTY PLC
 960,048 SHARES
4,044,362

3,048,234

 
 
BANCORP INC
 136,100 SHARES
1,346,590

1,083,356

 
 
BANDWIDTH INC
 29,481 SHARES
1,120,823

1,201,351

 
 
BANK OF NEW YORK MELLON CORP
 133,550 SHARES
5,466,319

6,286,199

 
 
BANK OF NT BUTTERFIELD & SON LTD
 196,300 SHARES
8,953,958

6,154,005

 
 
BANK OZK
 23,691 SHARES
658,401

540,866

 
 
BANKFINCL CORP
 12,000 SHARES
181,460

179,400

 
 
BANKUNITED INC
 147,844 SHARES
5,075,801

4,426,449

 
 
BARCLAYS PLC
 4,098,462 SHARES
12,056,252

7,856,845

 
 
BARNES GRP INC
 13,946 SHARES
490,331

747,785

 
 
BARRETT BUSINESS SRVCS INC
 72,297 SHARES
3,242,230

4,139,003

 
 
BASF SE
 131,805 SHARES
11,639,598

9,100,642

 
 
BEACON ROOFING SUPPLY INC
 116,841 SHARES
5,324,889

3,706,197

 
 
BEASLEY BROADCAST GRP INC
 25,600 SHARES
94,553

96,000

 
 
BECTON DICKINSON AND CO
 17,025 SHARES
3,220,880

3,836,073

 
 
BELLICUM PHARMACEUTICALS INC
 268,400 SHARES
2,005,499

783,728

 
 
BERRY GLOBAL GRP INC
 8,436 SHARES
312,453

400,963

 
 
BGC PARTNERS INC
 237,651 SHARES
1,565,775

1,228,656

 
 
BHP GRP PLC
 119,648 SHARES
2,000,803

2,516,769

 
 
BJ'S WHOLESALE CLUB HLDGS INC
 94,450 SHARES
2,847,874

2,093,012

 
 
BLOOM ENERGY CORP
 4,500 SHARES
88,628

44,910

 
 
BLUCORA INC
 156,100 SHARES
3,316,067

4,158,504

 
 
BLUEBIRD BIO INC
 11,000 SHARES
598,116

1,091,200

 
 
BLUEPRINT MEDICINES CORP
 23,600 SHARES
2,174,987

1,272,276

 
 
BNP PARIBAS SA
 128,531 SHARES
7,852,536

5,800,070

 
 
BOEING CO
 20,972 SHARES
2,840,945

6,763,470

 
 
BOISE CASCADE CO
 37,809 SHARES
960,302

901,745


18
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 

 
 
BOOKING HLDGS INC
 5,697 SHARES
8,507,328

9,812,627

 
 
BOTTOMLINE TECH DE INC
 16,700 SHARES
1,191,029

801,600

 
 
BOX INC
 61,075 SHARES
1,390,944

1,030,946

 
 
BP PLC
 1,091,295 SHARES
6,443,558

6,893,077

 
 
BRIGHTHOUSE FINCL INC
 53,920 SHARES
3,049,356

1,643,482

 
 
BRIGHTSPHERE INV GRP
 374,377 SHARES
5,858,380

3,998,346

 
 
BRIGHTVIEW HLDGS INC
 49,153 SHARES
1,046,320

501,852

 
 
BRITISH AMERICAN TOBACCO PLC
 246,446 SHARES
12,323,232

7,846,841

 
 
BROOKLINE BANCORP INC
 106,029 SHARES
1,605,865

1,465,321

 
 
BROOKS AUTOMATION INC
 64,213 SHARES
1,622,209

1,681,096

 
 
BUNGE LTD
 73,050 SHARES
4,802,379

3,903,792

 
 
BYLINE BANCORP INC
 103,900 SHARES
2,233,611

1,730,974

 
 
CACI INTL INC
 16,300 SHARES
2,022,919

2,347,689

 
 
CACTUS INC
 18,414 SHARES
369,974

504,728

 
 
CAIXABANK SA
 812,371 SHARES
3,522,844

2,938,286

 
 
CALERES INC
 78,411 SHARES
2,137,244

2,182,178

 
 
CANADIAN IMPRL BK OF COMMERCE
 28,410 SHARES
2,347,875

2,115,045

 
 
CANADIAN NATIONAL RAILWAY CO
 24,670 SHARES
2,135,660

1,828,294

 
 
CANADIAN NATRL RESOURCES LTD
 112,150 SHARES
3,026,151

2,706,180

 
 
CANADIAN PACIFIC RAILWAY LTD
 16,856 SHARES
2,110,976

2,991,762

 
 
CARA THERAPEUTICS INC
 47,600 SHARES
486,300

618,800

 
 
CARBON BLACK INC
 88,240 SHARES
2,048,261

1,184,181

 
 
CARDLYTICS INC
 64,988 SHARES
1,055,093

703,820

 
 
CARNIVAL CORP
 56,830 SHARES
2,541,296

2,801,719

 
 
CARNIVAL PLC
 79,731 SHARES
3,961,499

3,821,153

 
 
CATALYST PHARMACEUTICALS INC
 342,100 SHARES
897,866

656,832

 
 
CATHAY GENERAL BANCORP
 22,879 SHARES
718,628

767,133

 
 
CBIZ INC
 84,100 SHARES
1,981,936

1,656,770

 
 
CDW CORP/DE
 122,612 SHARES
5,013,816

9,937,703

 
 
CENTRAL GARDEN & PET CO
 69,600 SHARES
1,585,447

2,175,000

 
 
CENTRAL VALLEY CMMNTY BANCORP
 8,400 SHARES
188,173

158,508

 
 
CF INDUSTRIES HLDGS INC
 78,700 SHARES
2,430,989

3,424,237

 
 
CHATHAM LODGING TR
 25,824 SHARES
525,479

456,568

 
 
CHERRY HILL MORTGAGE INV CORP
 25,200 SHARES
446,928

442,008

 
 
CHESAPEAKE LODGING TR
 29,933 SHARES
779,065

728,869

 
 
CHEVRON CORP
 30,975 SHARES
3,481,453

3,369,770

 
 
CHINA MERCHANTS PT HLDGS CO LTD
 992,858 SHARES
3,117,252

1,788,054

 
 
CHINA MOBILE LTD
 914,040 SHARES
9,088,399

8,796,760

 
 
CHUBB LTD
 71,318 SHARES
10,318,584

9,212,859

 
 
CIE FINANCIERE RICHEMONT SA
 90,996 SHARES
7,079,401

5,815,326

 
 
CIENA CORP
 112,100 SHARES
2,891,923

3,801,311

 
 
CIRRUS LOGIC INC
 85,800 SHARES
3,164,459

2,846,844

 
 
CISCO SYSTEMS INC
 222,200 SHARES
5,904,823

9,627,926

 
 
CITIGRP INC
 71,790 SHARES
3,637,790

3,737,387

 
 
CLEARWAY ENER-C RG
 195,400 SHARES
3,581,115

3,370,650

 
 
CLEARWAY ENERGY INC
 12,800 SHARES
222,789

216,576

 
 
CLEVELAND-CLIFFS INC
 135,400 SHARES
1,320,498

1,041,226

 
 
CNO FINCL GRP INC
 151,182 SHARES
2,837,412

2,249,588


19
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
COBHAM PLC
 3,352,272 SHARES
5,193,293

4,172,110

 
 
COGENT COMMUNICTNS HLDGS INC
 37,371 SHARES
1,262,197

1,689,543

 
 
COGNEX CORP
 81,877 SHARES
4,417,938

3,166,184

 
 
COHERUS BIOSCIENCES INC
 105,100 SHARES
1,335,495

951,155

 
 
COHU INC
 85,400 SHARES
1,016,208

1,372,378

 
 
COLONY CAPITAL INC
 229,654 SHARES
3,154,987

1,074,781

 
 
COLUMBIA PROPERTY TR INC
 160,165 SHARES
3,514,941

3,099,193

 
 
COLUMBUS MCKINNON CORP/NY
 55,185 SHARES
1,373,181

1,663,276

 
 
COMCAST CORP
 141,000 SHARES
3,929,883

4,801,050

 
 
COMMERCIAL METALS CO
 53,316 SHARES
1,164,979

854,122

 
 
COMMUNITY TR BANCORP INC
 4,698 SHARES
160,626

186,088

 
 
COMMVAULT SYSTEMS INC
 88,900 SHARES
5,517,496

5,253,101

 
 
CONCERT PHARMACEUTICALS INC
 53,800 SHARES
1,494,910

675,190

 
 
CONMED CORP
 9,100 SHARES
720,777

584,220

 
 
CONN'S INC
 27,400 SHARES
818,149

516,764

 
 
CONSOLIDATED WATER CO LTD
 6,900 SHARES
93,774

80,454

 
 
CONSTELLATION BRANDS INC
 74,811 SHARES
13,584,336

12,031,105

 
 
COOPER-STANDARD HLDGS INC
 48,700 SHARES
4,242,337

3,025,244

 
 
CORECIVIC INC
 90,100 SHARES
2,160,513

1,606,483

 
 
CORE-MARK HLDG CO INC
 47,000 SHARES
1,598,733

1,092,750

 
 
CORENERGY INFRASTRCTR TR INC
 2,900 SHARES
105,061

95,932

 
 
COREPOINT LODGING INC
 138,600 SHARES
1,839,891

1,697,850

 
 
CORESITE REALTY CORP
 16,430 SHARES
965,997

1,433,189

 
 
CORNERSTONE ONDEMAND INC
 126,000 SHARES
6,787,793

6,354,180

 
 
COSTAR GRP INC
 3,114 SHARES
1,046,069

1,050,477

 
 
COUSINS PROPERTIES INC
 886,523 SHARES
7,227,080

7,003,532

 
 
COVENANT TRANSPORTATION GRP INC
 12,500 SHARES
353,248

240,000

 
 
CRA INTL INC
 13,627 SHARES
253,197

579,829

 
 
CROSS COUNTRY HEALTHCARE INC
 97,223 SHARES
1,081,093

712,645

 
 
CUSHMAN & WAKEFIELD PLC
 142,800 SHARES
2,377,617

2,066,316

 
 
CVR ENERGY INC
 8,795 SHARES
289,602

303,252

 
 
CVS HEALTH CORP
 107,881 SHARES
6,761,714

7,068,363

 
 
CYBERARK SOFTWARE LTD
 58,314 SHARES
2,791,963

4,323,400

 
 
CYBER-CARE INC
 12,250 SHARES
—

1,838

 
 
CYPRESS SEMICONDUCTOR CORP
 180,924 SHARES
1,706,588

2,301,353

 
 
DANA INC
 47,500 SHARES
1,030,745

647,425

 
 
DANAHER CORP
 36,465 SHARES
3,959,635

3,760,271

 
 
DARLING INGREDIENTS INC
 158,629 SHARES
2,795,175

3,052,022

 
 
DEAN FOODS CO
 98,274 SHARES
1,762,093

374,424

 
 
DECKERS OUTDOOR CORP
 34,800 SHARES
2,790,162

4,452,660

 
 
DELEK US HLDGS INC
 173,464 SHARES
5,457,300

5,639,315

 
 
DENBURY RESOURCES INC
 809,900 SHARES
3,771,345

1,384,929

 
 
DERMIRA INC
 163,700 SHARES
1,775,350

1,177,003

 
 
DEUTSCHE POST AG
 160,623 SHARES
5,286,884

4,390,263

 
 
DEXCOM INC
 59,766 SHARES
4,441,865

7,159,967

 
 
DIAMONDROCK HOSPITALITY CO
 99,538 SHARES
1,014,767

903,805

 
 
DOCUSIGN INC
 63,877 SHARES
2,726,864

2,560,190

 
 
DORMAN PRODUCTS INC
 7,262 SHARES
523,070

653,725


20
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
DOWDUPONT INC
 115,523 SHARES
6,008,565

6,178,170

 
 
DSW INC
 58,500 SHARES
1,964,056

1,444,950

 
 
DUKE ENERGY CORP
 38,050 SHARES
3,161,305

3,283,715

 
 
DYNAVAX TECH CORP
 94,700 SHARES
707,593

866,505

 
 
EAGLE BANCORP INC
 35,631 SHARES
1,491,309

1,735,586

 
 
EAST JAPAN RAILWAY CO
 65,500 SHARES
5,629,351

5,797,480

 
 
EAST WEST BANCORP INC
 198,488 SHARES
6,728,209

8,640,183

 
 
EBAY INC
 191,240 SHARES
6,474,225

5,368,107

 
 
EDWARDS LIFESCIENCES CORP
 100,154 SHARES
8,337,458

15,340,588

 
 
EL PASO ELECTRIC CO
 67,736 SHARES
3,007,060

3,395,606

 
 
ELANCO ANIMAL HEALTH INC
 25,875 SHARES
875,716

815,839

 
 
ELASTIC NV
 38,900 SHARES
2,581,534

2,780,572

 
 
EMCOR GRP INC
 66,708 SHARES
4,072,585

3,981,801

 
 
ENBRIDGE INC
 1 SHARE
—

31

 
 
ENCANA CORP
 681,378 SHARES
6,669,470

3,931,219

 
 
ENCOMPASS HEALTH CORP
 61,700 SHARES
3,470,196

3,806,890

 
 
ENDO INTL PLC
 243,400 SHARES
2,494,160

1,776,820

 
 
ENERSYS
 16,800 SHARES
1,294,344

1,303,848

 
 
ENGIE SA
 157,477 SHARES
2,737,903

2,254,748

 
 
ENGILITY HLDGS INC
 36,756 SHARES
1,109,808

1,046,076

 
 
ENOVA INTL INC
 33,100 SHARES
1,202,237

644,126

 
 
ENTERPRISE FINCL SRVCS CORP
 5,200 SHARES
226,551

195,676

 
 
ENTRAVISION COMMUNICTNS CORP
 308,200 SHARES
963,802

896,862

 
 
EQT CORP
 73,648 SHARES
2,161,466

1,391,211

 
 
EQUIFAX INC
 88,263 SHARES
7,899,748

8,219,933

 
 
EQUITRANS MIDSTREAM CORP
 69,660 SHARES
2,056,395

1,394,593

 
 
ESPERION THERAPEUTICS INC
 24,800 SHARES
693,461

1,140,800

 
 
ESSENDANT INC
 147,993 SHARES
3,242,479

1,861,752

 
 
EVERBRIDGE INC
 48,481 SHARES
2,395,701

2,751,782

 
 
EVERGY INC
 84,062 SHARES
4,412,578

4,772,200

 
 
EVO PAYMENTS INC
 92,629 SHARES
1,872,843

2,285,157

 
 
EXPRESS INC
 52,381 SHARES
898,120

267,667

 
 
EXTERRAN CORP
 73,000 SHARES
2,308,137

1,292,100

 
 
EXXON MOBIL CORP
 145,750 SHARES
11,563,602

9,938,693

 
 
FABRINET
 138,400 SHARES
6,359,119

7,101,304

 
 
FACEBOOK INC
 86,401 SHARES
7,358,710

11,326,307

 
 
FANUC CORP
 30,700 SHARES
5,520,662

4,664,531

 
 
FEDERAL SIGNAL CORP
 45,046 SHARES
702,647

896,415

 
 
FEDNAT HLDG CO
 30,600 SHARES
744,094

609,552

 
 
FERRO CORP
 195,782 SHARES
2,650,342

3,069,862

 
 
FIBROGEN INC
 55,997 SHARES
2,145,412

2,591,541

 
 
FIDELITY SOUTHERN CORP
 40,410 SHARES
839,177

1,051,468

 
 
FIFTH THIRD BANCORP
 256,572 SHARES
5,539,892

6,037,139

 
 
FINCL INSTITUTIONS INC
 52,412 SHARES
1,682,007

1,346,988

 
 
FIRST AMERICAN FINCL CORP
 32,400 SHARES
1,230,337

1,446,336

 
 
FIRST BANCORP/PUERTO RICO
 838,000 SHARES
5,842,882

7,206,800

 
 
FIRST BANCORP/STHRN PINES NC
 55,183 SHARES
2,000,119

1,802,277

 
 
FIRST BUSINESS FINCL SRVCS INC
 13,493 SHARES
338,663

263,248


21
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
FIRST COMMUNITY BANKSHARES INC
 16,219 SHARES
312,779

510,574

 
 
FIRST FINCL BANCORP
 16,241 SHARES
266,708

385,237

 
 
FIRST INDUSTRIAL REALTY TR INC
 123,747 SHARES
2,734,035

3,571,338

 
 
FIRST MERCHANTS CORP
 102,116 SHARES
3,930,514

3,499,515

 
 
FIRST REPUBLIC BANK/CA
 16,153 SHARES
1,465,845

1,403,696

 
 
FIRSTCASH INC
 83,357 SHARES
3,617,170

6,030,879

 
 
FIVE BELOW INC
 47,812 SHARES
3,109,018

4,892,124

 
 
FLEETCOR TECH INC
 86,189 SHARES
12,122,682

16,007,021

 
 
FOCUS FINCL PARTNERS INC
 18,259 SHARES
602,547

480,759

 
 
FONAR CORP
 15,600 SHARES
368,781

315,744

 
 
FORTUNE BRANDS HOME & SCRTY INC
 167,375 SHARES
8,072,960

6,358,576

 
 
FORTY SEVEN INC
 39,600 SHARES
632,951

622,512

 
 
FORWARD AIR CORP
 8,700 SHARES
569,143

477,195

 
 
FOSSIL GRP INC
 15,800 SHARES
486,562

248,534

 
 
FRANKLIN RESOURCES INC
 115,100 SHARES
3,839,989

3,413,866

 
 
FTS INTL INC
 90,400 SHARES
1,269,492

642,744

 
 
FULTON FINCL CORP
 145,224 SHARES
1,934,245

2,248,068

 
 
FUTUREFUEL CORP
 51,489 SHARES
734,392

816,616

 
 
GAMING & LEISURE PROPERTIES INC
 60,414 SHARES
944,955

1,951,976

 
 
GANNETT CO INC
 307,200 SHARES
2,873,934

2,620,416

 
 
GARDNER DENVER HLDGS INC
 91,235 SHARES
1,838,493

1,865,756

 
 
GARTNER INC
 40,394 SHARES
5,077,075

5,163,969

 
 
GENERAC HLDGS INC
 31,900 SHARES
1,791,391

1,585,430

 
 
GENERAL ELECTRIC CO
 376,700 SHARES
5,354,593

2,851,619

 
 
GENERAL MOTORS CO
 388 SHARES
—

12,979

 
 
GEO GRP INC
 226,050 SHARES
6,949,258

4,453,185

 
 
GETTY REALTY CORP
 73,800 SHARES
2,120,078

2,170,458

 
 
G-III APPAREL GRP LTD
 49,983 SHARES
2,175,321

1,394,026

 
 
GILDAN ACTIVEWEAR INC
 182,145 SHARES
4,825,375

5,526,496

 
 
GILEAD SCIENCES INC
 60,965 SHARES
5,066,010

3,813,361

 
 
GIVAUDAN SA
 1,374 SHARES
3,156,082

3,172,270

 
 
GLAUKOS CORP
 38,473 SHARES
1,036,559

2,161,028

 
 
GLAXOSMITHKLINE PLC
 153,507 SHARES
3,122,069

2,915,393

 
 
GLOBAL BRASS & CPPR HLDGS INC
 144,381 SHARES
3,373,263

3,631,182

 
 
GLOBAL PAYMENTS INC
 99,452 SHARES
6,797,695

10,256,485

 
 
GLOBUS MEDICAL INC
 15,800 SHARES
813,666

683,824

 
 
GOOSEHEAD INSURANCE INC
 66,521 SHARES
910,579

1,748,837

 
 
GRAY TELEVISION INC
 108,617 SHARES
1,416,217

1,601,015

 
 
GREAT LAKES DRDG & DOCK CORP
 231,077 SHARES
1,408,373

1,529,730

 
 
GREEN DOT CORP
 32,500 SHARES
1,444,601

2,584,400

 
 
GREENBRIER COS INC
 15,154 SHARES
463,444

599,189

 
 
GRITSTONE ONCOLOGY INC
 24,000 SHARES
360,000

370,800

 
 
GRP 1 AUTOMOTIVE INC
 19,700 SHARES
1,500,067

1,038,584

 
 
GRPON INC
 228,000 SHARES
1,210,619

729,600

 
 
GUARDANT HEALTH INC
 31,590 SHARES
1,018,443

1,187,468

 
 
GW PHARMACEUTICALS PLC
 15,893 SHARES
1,977,790

1,547,819

 
 
HAEMONETICS CORP
 60,300 SHARES
4,208,597

6,033,015

 
 
HAMILTON BEACH BRANDS HLDG CO
 9,550 SHARES
107,754

224,043


22
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
HANCOCK WHITNEY CORP
 109,100 SHARES
4,879,447

3,780,315

 
 
HANMI FINCL CORP
 95,775 SHARES
2,279,246

1,886,768

 
 
HAWAIIAN HLDGS INC
 28,338 SHARES
1,057,824

748,407

 
 
HC2 HLDGS INC
 289,800 SHARES
1,466,160

765,072

 
 
HCI GRP INC
 17,334 SHARES
566,663

880,741

 
 
HEALTHCARE SRVCS GRP INC
 59,386 SHARES
2,331,560

2,386,129

 
 
HEALTHEQUITY INC
 26,985 SHARES
1,867,958

1,609,655

 
 
HELEN OF TROY LTD
 58,014 SHARES
6,156,700

7,610,277

 
 
HERITAGE FINCL CORP
 29,504 SHARES
996,092

876,859

 
 
HERITAGE INSURANCE HLDGS INC
 10,400 SHARES
159,486

153,088

 
 
HERMAN MILLER INC
 7,613 SHARES
217,810

230,293

 
 
HERON THERAPEUTICS INC
 71,500 SHARES
1,167,061

1,854,710

 
 
HERSHA HOSPITALITY TR
 174,611 SHARES
4,316,220

3,062,677

 
 
HESS CORP
 65,100 SHARES
3,532,195

2,636,550

 
 
HIGHWOODS PROPERTIES INC
 20,600 SHARES
995,915

797,014

 
 
HILLENBRAND INC
 92,500 SHARES
4,822,438

3,508,525

 
 
HILTON WORLDWIDE HLDGS INC
 141,978 SHARES
9,252,406

10,194,020

 
 
HMS HLDGS CORP
 29,100 SHARES
1,050,098

818,583

 
 
HOLOGIC INC
 91,160 SHARES
3,338,357

3,746,676

 
 
HOME DEPOT INC
 120,890 SHARES
12,690,060

20,771,320

 
 
HOMESTREET INC
 26,470 SHARES
637,617

561,958

 
 
HOMOLOGY MEDICINES INC
 63,300 SHARES
1,014,438

1,415,388

 
 
HOOKER FURNITURE CORP
 25,300 SHARES
1,095,271

666,402

 
 
HORIZON PHARMA PLC
 298,892 SHARES
5,577,735

5,840,350

 
 
HOULIHAN LOKEY INC
 23,185 SHARES
687,113

853,208

 
 
HUBSPOT INC
 40,962 SHARES
2,495,982

5,150,152

 
 
HUDSON LTD
 133,723 SHARES
2,493,060

2,293,349

 
 
HUDSON PACIFIC PROPERTIES INC
 15,792 SHARES
469,088

458,916

 
 
HURCO COS INC
 5,387 SHARES
132,026

192,316

 
 
HURON CONSULTING GRP INC
 47,531 SHARES
1,846,236

2,438,816

 
 
HYSTER-YALE MTRLS HANDLING INC
 11,197 SHARES
588,985

693,766

 
 
IBERIABANK CORP
 15,572 SHARES
1,196,496

1,000,968

 
 
ICF INTL INC
 5,800 SHARES
244,814

375,724

 
 
ICHOR HLDGS LTD
 59,300 SHARES
1,386,239

966,590

 
 
IDACORP INC
 16,276 SHARES
1,128,148

1,514,645

 
 
IHS MARKIT LTD
 234,761 SHARES
8,344,858

11,261,485

 
 
ILLINOIS TOOL WORKS INC
 28,250 SHARES
2,474,641

3,578,993

 
 
IMAX CORP
 122,333 SHARES
2,783,652

2,301,084

 
 
IMMERSION CORP
 357,300 SHARES
3,934,188

3,201,408

 
 
IMPERVA INC
 49,000 SHARES
2,157,431

2,728,810

 
 
INDEPENDENCE REALTY TR INC
 253,973 SHARES
2,439,731

2,331,472

 
 
INFRAREIT INC
 27,200 SHARES
533,033

571,744

 
 
ING GROEP NV
 264,088 SHARES
3,334,805

2,840,806

 
 
INGEVITY CORP
 19 SHARES
—

1,591

 
 
INOGEN INC
 29,840 SHARES
3,448,714

3,705,233

 
 
INPHI CORP
 17,455 SHARES
554,285

561,178

 
 
INSIGHT ENTERPRISES INC
 72,764 SHARES
2,956,778

2,965,133

 
 
INSMED INC
 74,300 SHARES
1,854,219

974,816


23
THE JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2018
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
(C)
(D)
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
COST
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
INSPERITY INC
 47,916 SHARES
1,509,760

4,473,438

 
 
INSTEEL INDUSTRIES INC
 6,200 SHARES
245,030

150,536

 
 
INTEGER HLDGS CORP
 84,600 SHARES
3,329,723

6,451,596

 
 
INTEGRA LIFESCIENCES HLDGS CORP
 43,455 SHARES
1,977,666

1,959,820

 
 
INTERCONTINENTAL EXCHANGE INC
 125,983 SHARES
6,683,759

9,490,299

 
 
INTL PAPER CO
 129,900 SHARES
6,104,026

5,242,764

 
 
INTERXION HLDG NV
 78,359 SHARES
2,282,382

4,243,923

 
 
INTL. FCSTONE INC
 4,922 SHARES
138,092

180,047

 
 
INV TECHNOLOGY GRP INC
 104,700 SHARES
2,264,402

3,166,128

 
 
JAPAN AIRLINES CO LTD
 141,000 SHARES
4,786,265

5,000,510