<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000763852</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-04236</fileNumber>
      </filer>
      <flags>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000003901</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003859</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003903</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003899</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003654</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003846</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003855</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003904</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003857</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003856</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003902</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003847</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2024-06-30" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>JPMorgan Trust II</registrantFullName>
      <investmentCompFileNo>811-04236</investmentCompFileNo>
      <registrantCik>0000763852</registrantCik>
      <registrantLei>549300IMXLYKELY96B40</registrantLei>
      <registrantstreet1>277 Park Avenue</registrantstreet1>
      <registrantcity>New York</registrantcity>
      <registrantzipCode>10172</registrantzipCode>
      <registrantstate>US-NY</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>800-480-4111</registrantphoneNumber>
      <websites>
        <website webpage="www.jpmorganfunds.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>J.P. Morgan Investment Management Inc.</officeName>
          <officeAddress1>383 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10179</officeRecordsZipCode>
          <officePhone>800-343-1113</officePhone>
          <booksRecordsDesc>Records relating to its functions as investment adviser and administrator</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>4 Chase Metrotech Center</officeAddress1>
          <officeCity>Brooklyn</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>11245</officeRecordsZipCode>
          <officePhone>718-242-0609</officePhone>
          <booksRecordsDesc>Records relating to its functions as custodian</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>383 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10179</officeRecordsZipCode>
          <officePhone>212-270-6000</officePhone>
          <booksRecordsDesc>Records relating to its functions as sub-administrator and fund accounting agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Distribution Services, Inc.</officeName>
          <officeAddress1>1111 Polaris Parkway</officeAddress1>
          <officeCity>Columbus</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-OH"/>
          <officeRecordsZipCode>43240</officeRecordsZipCode>
          <officePhone>201-595-1958</officePhone>
          <booksRecordsDesc>Records relating to its functions as principal underwriter and shareholder servicing agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>DST Asset Manager Solutions, Inc.</officeName>
          <officeAddress1>2000 Old Colony Drive</officeAddress1>
          <officeCity>Quincy</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02169</officeRecordsZipCode>
          <officePhone>617-483-5000</officePhone>
          <booksRecordsDesc>Records relating to its functions as transfer agent</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="JPMorgan Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>24</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Robert J. Grassi</directorName>
          <crdNumber>006093150</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-08437"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Raymond Kanner</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-08437"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Kathleen M. Gallagher</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-22903"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Frankie D. Hughes</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08189"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Gary L. French</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-22903"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Stephen P. Fisher</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08189"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Dr. Robert A. Oden, Jr.</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-08189"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John F. Finn</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-23117"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Marilyn McCoy</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-05526"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Marian U. Pardo</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-23117"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mary E. Martinez</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-08437"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Nina O. Shenker</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-23117"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Lawrence R. Maffia</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-08437"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Robert F. Deutsch</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-05526"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Thomas P. Lemke</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-23117"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-22903"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Emily A. Youssouf</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05526"/>
            <fileNumberInfo fileNumber="811-08437"/>
            <fileNumberInfo fileNumber="811-21638"/>
            <fileNumberInfo fileNumber="811-08189"/>
            <fileNumberInfo fileNumber="811-22903"/>
            <fileNumberInfo fileNumber="811-21295"/>
            <fileNumberInfo fileNumber="811-23117"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Stephen M. Ungerman</ccoName>
          <crdNumber>002315698</crdNumber>
          <ccoStreet1>277 Park Avenue</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NY"/>
          <ccoZipCode>10172</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-25608"/>
        <releaseNumberInfo releaseNumber="IC-25654"/>
        <releaseNumberInfo releaseNumber="IC-34180"/>
        <releaseNumberInfo releaseNumber="IC-26466"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>JPMorgan Distribution Services, Inc.</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-52700</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000104234</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-OH"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-NY"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Investor Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003901</mgmtInvSeriesId>
        <mgmtInvLei>549300BRDXUPKL7L2828</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010902" sharesOutstandingTickerSymbol="ONIFX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010905" sharesOutstandingTickerSymbol="OGGCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000191459" sharesOutstandingTickerSymbol="JFTUX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010903" sharesOutstandingTickerSymbol="ONGAX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>44341.89000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Capital, LLC</brokerName>
            <brokerFileNo>8-52275</brokerFileNo>
            <brokerCrdNo>000103782</brokerCrdNo>
            <brokerLei>549300ZM16HMPEPNV857</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2478.17999999</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>1981.21000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>48801.28000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>4756852437.93000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Small Cap Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003859</mgmtInvSeriesId>
        <mgmtInvLei>549300O2OV2J830JXI18</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010813" sharesOutstandingTickerSymbol="PGSGX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000070647" sharesOutstandingTickerSymbol="JSGZX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000190882" sharesOutstandingTickerSymbol="JGRQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000093779" sharesOutstandingTickerSymbol="JGSMX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010815" sharesOutstandingTickerSymbol="OSGCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000173240" sharesOutstandingTickerSymbol="JGSVX"/>
          <sharesOutstanding sharesOutstandingClassName="Class L Shares" sharesOutstandingClassId="C000010812" sharesOutstandingTickerSymbol="JISGX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000190883" sharesOutstandingTickerSymbol="JGLYX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010811" sharesOutstandingTickerSymbol="OGGFX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>319097652.70000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>880906.52000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 10f-3 (17 CFR 270.10f-3)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BofA Securities, Inc.</custodianName>
            <custodianLei>549300HN4UKV1E2R3U73</custodianLei>
            <custodianStateCountry custodianState="US-DE" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>93268.28999999</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>166214.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Raymond James &amp; Associates, Inc.</brokerName>
            <brokerFileNo>8-10999</brokerFileNo>
            <brokerCrdNo>000000705</brokerCrdNo>
            <brokerLei>U4ONQX15J3RO8XCKE979</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>192413.58000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cantor Fitzgerald &amp; Co.</brokerName>
            <brokerFileNo>8-00201</brokerFileNo>
            <brokerCrdNo>000000134</brokerCrdNo>
            <brokerLei>5493004J7H4GCPG6OB62</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>179551.43000000</grossCommission>
          </broker>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>157583.91000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>91885.05000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>69044.06000000</grossCommission>
          </broker>
          <broker>
            <brokerName>ROBERT W. BAIRD &amp; CO. INCORPORATED</brokerName>
            <brokerFileNo>8-00497</brokerFileNo>
            <brokerCrdNo>000008158</brokerCrdNo>
            <brokerLei>549300772UJAHRD6LO53</brokerLei>
            <brokerStateCountry brokerState="US-WI" brokerCountry="US"/>
            <grossCommission>74547.82000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>116273.82000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>86575.49000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>1702019.18000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>451798.06000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>22227392.46000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Raymond James &amp; Associates, Inc.</principalName>
            <principalFileNo>8-10999</principalFileNo>
            <principalCrdNo>000000705</principalCrdNo>
            <principalLei>U4ONQX15J3RO8XCKE979</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>217209.06000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Cowen and Company</principalName>
            <principalFileNo>8-22522</principalFileNo>
            <principalCrdNo>000007616</principalCrdNo>
            <principalLei>549300WR155U7DVMIW58</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1340610.45000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BTIG, LLC</principalName>
            <principalFileNo>8-65473</principalFileNo>
            <principalCrdNo>000122225</principalCrdNo>
            <principalLei>549300GTG9PL6WO3EC51</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>2751312.03000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Evercore Group L.L.C.</principalName>
            <principalFileNo>8-49830</principalFileNo>
            <principalCrdNo>000042405</principalCrdNo>
            <principalLei>5493008F0LRLS5N8LZ81</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>14403840.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>16002956.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital, Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2434093.75000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Virtu Americas LLC</principalName>
            <principalFileNo>8-68193</principalFileNo>
            <principalCrdNo>000149823</principalCrdNo>
            <principalLei>549300RA02N3BNSWBV74</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1141040.48000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
            <principalFileNo>8-08177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>13355433.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>74340069.55000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>3737196846.01000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Investor Balanced Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003903</mgmtInvSeriesId>
        <mgmtInvLei>5493001QNPV0CUEIW176</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010913" sharesOutstandingTickerSymbol="OGBCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010911" sharesOutstandingTickerSymbol="OGIAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000191469" sharesOutstandingTickerSymbol="JFQUX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010910" sharesOutstandingTickerSymbol="OIBFX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>746.49000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Capital, LLC</brokerName>
            <brokerFileNo>8-52275</brokerFileNo>
            <brokerCrdNo>000103782</brokerCrdNo>
            <brokerLei>549300ZM16HMPEPNV857</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>257.57000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1143.71000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>5165.96000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders B.V.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>549300CLJI9XDH12XV51</brokerLei>
            <brokerCountry>NL</brokerCountry>
            <grossCommission>462.61000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>24638.54000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2216.91000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4491.49000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1682.84000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>40806.12000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>5219237224.08000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Small Cap Value Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003899</mgmtInvSeriesId>
        <mgmtInvLei>549300V4YKXS0HHDUK18</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000070648" sharesOutstandingTickerSymbol="JSVZX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010893" sharesOutstandingTickerSymbol="PSOPX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000033524" sharesOutstandingTickerSymbol="JSVRX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010896" sharesOutstandingTickerSymbol="OSVCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000173567" sharesOutstandingTickerSymbol="JSVQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000173568" sharesOutstandingTickerSymbol="JSVPX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010894" sharesOutstandingTickerSymbol="PSOAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000010897" sharesOutstandingTickerSymbol="JSVUX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>80978353.50000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>343452.23000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>49511.73000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>96461.60000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>293162.44000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BMO Capital Markets Corp.</brokerName>
            <brokerFileNo>8-34344</brokerFileNo>
            <brokerCrdNo>000016686</brokerCrdNo>
            <brokerLei>RUC0QBLBRPRCU4W1NE59</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>74246.35000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>77407.06000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>83878.14000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Liquidnet, Inc.</brokerName>
            <brokerFileNo>8-52461</brokerFileNo>
            <brokerCrdNo>000103987</brokerCrdNo>
            <brokerLei>213800HSKBBO1GCVRG79</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>114232.21000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cowen and Company</brokerName>
            <brokerFileNo>8-22522</brokerFileNo>
            <brokerCrdNo>000007616</brokerCrdNo>
            <brokerLei>549300WR155U7DVMIW58</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>281853.09000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>153106.90000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Luminex Trading &amp; Analytics LLC</brokerName>
            <brokerFileNo>8-69476</brokerFileNo>
            <brokerCrdNo>000171752</brokerCrdNo>
            <brokerLei>254900ZBK50B4Y36MJ33</brokerLei>
            <brokerStateCountry brokerState="US-MA" brokerCountry="US"/>
            <grossCommission>45885.76000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>1579139.56000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BMO Capital Markets Corp.</principalName>
            <principalFileNo>8-34344</principalFileNo>
            <principalCrdNo>000016686</principalCrdNo>
            <principalLei>RUC0QBLBRPRCU4W1NE59</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>84738.20000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>79900.92000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>246257.52000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Virtu Americas LLC</principalName>
            <principalFileNo>8-68193</principalFileNo>
            <principalCrdNo>000149823</principalCrdNo>
            <principalLei>549300RA02N3BNSWBV74</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>13773.41000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Cowen and Company</principalName>
            <principalFileNo>8-22522</principalFileNo>
            <principalCrdNo>000007616</principalCrdNo>
            <principalLei>549300WR155U7DVMIW58</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>594546.81999999</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Instinet, LLC</principalName>
            <principalFileNo>8-23669</principalFileNo>
            <principalCrdNo>000007897</principalCrdNo>
            <principalLei>549300MGMN3RKMU8FT57</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>89847.44000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Evercore Group L.L.C.</principalName>
            <principalFileNo>8-49830</principalFileNo>
            <principalCrdNo>000042405</principalCrdNo>
            <principalLei>5493008F0LRLS5N8LZ81</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>343073.96000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3406229.29000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>271272.73000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Raymond James &amp; Associates, Inc.</principalName>
            <principalFileNo>8-10999</principalFileNo>
            <principalCrdNo>000000705</principalCrdNo>
            <principalLei>U4ONQX15J3RO8XCKE979</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>190683.97000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>5329542.71000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1365433065.27000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Mid Cap Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003654</mgmtInvSeriesId>
        <mgmtInvLei>5493005HTW43WWUWCV03</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010158" sharesOutstandingTickerSymbol="OSGIX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000173559" sharesOutstandingTickerSymbol="JMGPX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000173560" sharesOutstandingTickerSymbol="JMGQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010157" sharesOutstandingTickerSymbol="HLGEX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000077259" sharesOutstandingTickerSymbol="JMGZX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000106056" sharesOutstandingTickerSymbol="JMGMX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000106055" sharesOutstandingTickerSymbol="JMGFX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010160" sharesOutstandingTickerSymbol="OMGCX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>279338130.97000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>430693.68000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 10f-3 (17 CFR 270.10f-3)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BofA Securities, Inc.</custodianName>
            <custodianLei>549300HN4UKV1E2R3U73</custodianLei>
            <custodianStateCountry custodianState="US-DE" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Raymond James &amp; Associates, Inc.</brokerName>
            <brokerFileNo>8-10999</brokerFileNo>
            <brokerCrdNo>000000705</brokerCrdNo>
            <brokerLei>U4ONQX15J3RO8XCKE979</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>71346.66000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>238696.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>126458.35000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>329730.05000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>109384.37000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>429176.75000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>317193.59999999</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>98983.78000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cantor Fitzgerald &amp; Co.</brokerName>
            <brokerFileNo>8-00201</brokerFileNo>
            <brokerCrdNo>000000134</brokerCrdNo>
            <brokerLei>5493004J7H4GCPG6OB62</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>164414.13000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>184307.51000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>2503490.62000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>10242432.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>28832108.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>39074540.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>10151594062.59000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Equity Income Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003846</mgmtInvSeriesId>
        <mgmtInvLei>5493004E5SGY8TJZ5623</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010744" sharesOutstandingTickerSymbol="OIEIX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000098140" sharesOutstandingTickerSymbol="OIEFX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010743" sharesOutstandingTickerSymbol="HLIEX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000109963" sharesOutstandingTickerSymbol="OIEJX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000098141" sharesOutstandingTickerSymbol="OIERX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010746" sharesOutstandingTickerSymbol="OINCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000173562" sharesOutstandingTickerSymbol="OIEQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000173561" sharesOutstandingTickerSymbol="OIEPX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>13002390.76000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>1449108.67000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Cowen and Company</brokerName>
            <brokerFileNo>8-22522</brokerFileNo>
            <brokerCrdNo>000007616</brokerCrdNo>
            <brokerLei>549300WR155U7DVMIW58</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>300754.26000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>225495.22000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>257161.03000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BNP Paribas Securities Corp.</brokerName>
            <brokerFileNo>8-32682</brokerFileNo>
            <brokerCrdNo>000015794</brokerCrdNo>
            <brokerLei>RCNB6OTYUAMMP879YW96</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>154806.79000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>205347.96000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Evercore Group L.L.C.</brokerName>
            <brokerFileNo>8-49830</brokerFileNo>
            <brokerCrdNo>000042405</brokerCrdNo>
            <brokerLei>5493008F0LRLS5N8LZ81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>498172.07000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Wells Fargo Securities, LLC</brokerName>
            <brokerFileNo>8-65876</brokerFileNo>
            <brokerCrdNo>000126292</brokerCrdNo>
            <brokerLei>VYVVCKR63DVZZN70PB21</brokerLei>
            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
            <grossCommission>335754.88000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>921450.73000000</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>545131.75000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>757509.56000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>5813277.30000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>45930697562.06000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan SMID Cap Equity Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003855</mgmtInvSeriesId>
        <mgmtInvLei>549300VXYXRG5Y33MC13</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>6</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010795" sharesOutstandingTickerSymbol="ODMCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010793" sharesOutstandingTickerSymbol="PECAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000162349" sharesOutstandingTickerSymbol="WOOSX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000173563" sharesOutstandingTickerSymbol="WOOOX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000173564" sharesOutstandingTickerSymbol="WOOQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010792" sharesOutstandingTickerSymbol="WOOPX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>1028457.01000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>2041.74000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BofA Securities, Inc.</custodianName>
            <custodianLei>549300HN4UKV1E2R3U73</custodianLei>
            <custodianStateCountry custodianState="US-DE" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1007.60000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>26939.73000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cantor Fitzgerald &amp; Co.</brokerName>
            <brokerFileNo>8-00201</brokerFileNo>
            <brokerCrdNo>000000134</brokerCrdNo>
            <brokerLei>5493004J7H4GCPG6OB62</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1794.18000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2687.59000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>9935.67999999</grossCommission>
          </broker>
          <broker>
            <brokerName>Cowen and Company</brokerName>
            <brokerFileNo>8-22522</brokerFileNo>
            <brokerCrdNo>000007616</brokerCrdNo>
            <brokerLei>549300WR155U7DVMIW58</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>20666.47000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1175.08999999</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>22227.07000000</grossCommission>
          </broker>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>5496.11000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Loop Capital Markets LLC</brokerName>
            <brokerFileNo>8-50140</brokerFileNo>
            <brokerCrdNo>000043098</brokerCrdNo>
            <brokerLei>254900FPPM2WN90D4786</brokerLei>
            <brokerStateCountry brokerState="US-IL" brokerCountry="US"/>
            <grossCommission>3261.97000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>101714.90000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1231244.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1009316.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>2240560.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>358789598.76000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Investor Conservative Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003904</mgmtInvSeriesId>
        <mgmtInvLei>549300JA0UCCXS7ZO996</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010914" sharesOutstandingTickerSymbol="ONCFX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010917" sharesOutstandingTickerSymbol="OCGCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000191474" sharesOutstandingTickerSymbol="JFLJX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010915" sharesOutstandingTickerSymbol="OICAX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Jane Street Capital, LLC</brokerName>
            <brokerFileNo>8-52275</brokerFileNo>
            <brokerCrdNo>000103782</brokerCrdNo>
            <brokerLei>549300ZM16HMPEPNV857</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>610.66999999</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1139.45000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>2509.35000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1152.63000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1237.72000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders B.V.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>549300CLJI9XDH12XV51</brokerLei>
            <brokerCountry>NL</brokerCountry>
            <grossCommission>196.07000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1506.13000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>12391.28000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>20743.30000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>3890830315.49000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Large Cap Value Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003857</mgmtInvSeriesId>
        <mgmtInvLei>549300JPSGHFE3RK0F55</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000070645" sharesOutstandingTickerSymbol="JLVZX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000205210" sharesOutstandingTickerSymbol="OLVTX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000205209" sharesOutstandingTickerSymbol="OLVRX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010802" sharesOutstandingTickerSymbol="HLQVX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010803" sharesOutstandingTickerSymbol="OLVAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000033523" sharesOutstandingTickerSymbol="JLVRX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010805" sharesOutstandingTickerSymbol="OLVCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000093778" sharesOutstandingTickerSymbol="JLVMX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>35424578.15000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>278856.11000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 10f-3 (17 CFR 270.10f-3)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>227716.78000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>233357.99000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>225750.43000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>403732.87000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BMO Capital Markets Corp.</brokerName>
            <brokerFileNo>8-34344</brokerFileNo>
            <brokerCrdNo>000016686</brokerCrdNo>
            <brokerLei>RUC0QBLBRPRCU4W1NE59</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>165248.06000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>372916.57000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>165982.21000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Wells Fargo Securities, LLC</brokerName>
            <brokerFileNo>8-65876</brokerFileNo>
            <brokerCrdNo>000126292</brokerCrdNo>
            <brokerLei>VYVVCKR63DVZZN70PB21</brokerLei>
            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
            <grossCommission>155138.45000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cowen and Company</brokerName>
            <brokerFileNo>8-22522</brokerFileNo>
            <brokerCrdNo>000007616</brokerCrdNo>
            <brokerLei>549300WR155U7DVMIW58</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>190890.78000000</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>325239.00000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>3584349.10000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
            <principalFileNo>8-08177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>22518231.75000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>318168.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>22836399.75000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>3693010280.73000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Large Cap Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003856</mgmtInvSeriesId>
        <mgmtInvLei>549300B21XF5FG1XOB26</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010797" sharesOutstandingTickerSymbol="SEEGX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010800" sharesOutstandingTickerSymbol="OLGCX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000093777" sharesOutstandingTickerSymbol="JLGMX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R5 Shares" sharesOutstandingClassId="C000076449" sharesOutstandingTickerSymbol="JLGRX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R2 Shares" sharesOutstandingClassId="C000070644" sharesOutstandingTickerSymbol="JLGZX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010798" sharesOutstandingTickerSymbol="OLGAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R4 Shares" sharesOutstandingClassId="C000173566" sharesOutstandingTickerSymbol="JLGQX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R3 Shares" sharesOutstandingClassId="C000173565" sharesOutstandingTickerSymbol="JLGPX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>135968465.06000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>149958.17000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Banco Nacional de Mexico, S.A.</custodianName>
            <custodianLei>2SFFM4FUIE05S37WFU55</custodianLei>
            <custodianCountry>MX</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>HSBC Bank (China) Company Limited</custodianName>
            <custodianLei>2CZOJRADNJXBLT55G526</custodianLei>
            <custodianCountry>CN</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>CH</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>DK</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Mizuho Bank, Ltd.</custodianName>
            <custodianLei>RB0PEZSDGCO3JS6CEU02</custodianLei>
            <custodianCountry>JP</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>FR</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>NL</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan S.A. DTVM</custodianName>
            <custodianLei>5493001LS7J56NZZ3G07</custodianLei>
            <custodianCountry>BR</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianCountry>AU</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank Korea Limited</custodianName>
            <custodianLei>NUXTG47HHHM1K2L0SG39</custodianLei>
            <custodianCountry>KR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1353206.95000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1134498.21000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>212182.97000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mizuho Securities USA LLC</brokerName>
            <brokerFileNo>8-37710</brokerFileNo>
            <brokerCrdNo>000019647</brokerCrdNo>
            <brokerLei>7TK5RJIZDFROZCA6XF66</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>199568.69000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>323326.37000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>362129.40000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Cowen and Company</brokerName>
            <brokerFileNo>8-22522</brokerFileNo>
            <brokerCrdNo>000007616</brokerCrdNo>
            <brokerLei>549300WR155U7DVMIW58</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>216098.41000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>352072.50000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>384318.54000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1358878.64000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>6631138.72000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>74622783139.32000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Investor Growth &amp; Income Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003902</mgmtInvSeriesId>
        <mgmtInvLei>549300Z22HF0FMZKVV98</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010907" sharesOutstandingTickerSymbol="ONGIX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000191460" sharesOutstandingTickerSymbol="JFBUX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010909" sharesOutstandingTickerSymbol="ONECX"/>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010906" sharesOutstandingTickerSymbol="ONGFX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>1424.84000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>434.69000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders B.V.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>549300CLJI9XDH12XV51</brokerLei>
            <brokerCountry>NL</brokerCountry>
            <grossCommission>1519.72000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1256.26000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>28076.32000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1674.79000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>34386.62000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>4236506418.75000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Equity Index Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JPMorgan Equity Index Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003847</mgmtInvSeriesId>
        <mgmtInvLei>549300FO80ME045UVK10</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>4</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Class I Shares" sharesOutstandingClassId="C000010747" sharesOutstandingTickerSymbol="HLEIX"/>
          <sharesOutstanding sharesOutstandingClassName="Class A Shares" sharesOutstandingClassId="C000010748" sharesOutstandingTickerSymbol="OGEAX"/>
          <sharesOutstanding sharesOutstandingClassName="Class C Shares" sharesOutstandingClassId="C000010750" sharesOutstandingTickerSymbol="OEICX"/>
          <sharesOutstanding sharesOutstandingClassName="Class R6 Shares" sharesOutstandingClassId="C000173239" sharesOutstandingTickerSymbol="OGFAX"/>
        </sharesOutstandings>
        <fundTypes>
          <indexFundInfo fundType="Index Fund">
            <isIndexFundAffiliated>N</isIndexFundAffiliated>
            <isIndexFundExclusive>N</isIndexFundExclusive>
            <indexFundReturnDiffBeforeExpense>0.00</indexFundReturnDiffBeforeExpense>
            <indexFundReturnDiffAfterExpense>-0.25</indexFundReturnDiffAfterExpense>
            <indexFundReturnDailyStdevBeforeExpense>0.00097736</indexFundReturnDailyStdevBeforeExpense>
            <indexFundReturnDailyStdevAfterExpense>0.00095757</indexFundReturnDailyStdevAfterExpense>
          </indexFundInfo>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="J.P. Morgan Investment Management Inc." collateralManagerLei="549300W78QHV4XMM6K69" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>158135209.57000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>284922.71000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>J.P. Morgan Investment Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-21011</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107038</investmentAdviserCrdNo>
            <investmentAdviserLei>549300W78QHV4XMM6K69</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>DST Asset Manager Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-00896</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>JPMorgan Distribution Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>000104234</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>CRD</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>J.P. Morgan Investment Management Inc.</adminName>
            <adminLei>549300W78QHV4XMM6K69</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Barclays Capital, Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3603.10000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3635.98000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1919.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BNP Paribas Securities Corp.</brokerName>
            <brokerFileNo>8-32682</brokerFileNo>
            <brokerCrdNo>000015794</brokerCrdNo>
            <brokerLei>RCNB6OTYUAMMP879YW96</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2007.87000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>6266.29000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>12102.37000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1582.41000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2507.02000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>3801.86000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>6008.47000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>53212.51000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CIBC World Markets Corp.</principalName>
            <principalFileNo>8-18333</principalFileNo>
            <principalCrdNo>000000630</principalCrdNo>
            <principalLei>549300445CON3DBMU275</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>66926417.36999999</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Macquarie Capital (USA) Inc.</principalName>
            <principalFileNo>8-47198</principalFileNo>
            <principalCrdNo>000036368</principalCrdNo>
            <principalLei>549300670K07JRB5UQ40</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>648347.60000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>318807490.24000001</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>UBS Securities LLC</principalName>
            <principalFileNo>8-22651</principalFileNo>
            <principalCrdNo>000007654</principalCrdNo>
            <principalLei>T6FIZBDPKLYJKFCRVK44</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>18338689.48999999</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>404720944.70000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>8893160352.37000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan National Municipal Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Municipal Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Investor Balanced Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Europe Dynamic Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Total Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Focus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Large Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Strategic Income Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Research Market Neutral Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Plus Bond ETF " secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Hedged Equity 2 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Investor Conservative Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan U.S. Large Cap Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity 3 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Large Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth &amp; Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2055 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Value Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short Duration Core Plus Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mortgage-Backed Securities Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Developed International Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Hedged Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Short Duration Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Short-Intermediate Municipal Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Core Plus Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan New York Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Research Enhanced Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Global Allocation Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2040 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Ultra-Short Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="JPMorgan Diversified Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Small Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2050 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan Preferred and Income Securities Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Sustainable Leaders Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Tax Free Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Emerging Markets Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Mid Cap Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Investor Growth Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Small Cap Blend Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement 2020 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Unconstrained Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SMID Cap Equity Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Core Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Global Bond Opportunities Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2065 Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan SmartRetirement 2060 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Floating Rate Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Value Advantage Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan California Tax Free Bond Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Government Bond Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Research Enhanced Equity Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan U.S. Small Company Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Income Builder Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Hedged Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Premium Income Fund" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Tax Aware Real Return Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. GARP Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan High Yield Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement 2035 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Managed Income Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2025 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan U.S. Applied Data Science Value Fund" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="JPMorgan Mid Cap Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Equity Income Fund" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan SmartRetirement Blend 2045 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Bond Opportunities ETF" secFileNo="811-22903"/>
                <creditUser fundName="JPMorgan SmartRetirement 2030 Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan International Equity Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Emerging Markets Debt Fund" secFileNo="811-21295"/>
                <creditUser fundName="JPMorgan Corporate Bond Fund" secFileNo="811-21295"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
              <lineOfCreditSize>100000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="JPMorgan Trust II" secFileNo="811-04236"/>
                <creditUser fundName="JPMorgan Trust IV" secFileNo="811-23117"/>
                <creditUser fundName="JPMorgan Institutional Trust" secFileNo="811-21638"/>
                <creditUser fundName="Undiscovered Managers Funds" secFileNo="811-08437"/>
                <creditUser fundName="JPMorgan Trust I" secFileNo="811-21295"/>
                <creditUser fundName="J.P. Morgan Mutual Fund Investment Trust" secFileNo="811-05526"/>
                <creditUser fundName="J.P. Morgan Fleming Mutual Fund Group, Inc." secFileNo="811-08189"/>
                <creditUser fundName="J.P. Morgan Exchange-Traded Fund Trust " secFileNo="811-22903"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <interfundBorrowingDetails isInterfundBorrowing="Y">
          <interfundBorrowing interfundBorrowingLoanAverage="9194389.11000000" interfundBorrowingDaysOutstanding="3"/>
        </interfundBorrowingDetails>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="JPMorgan Trust II" signedDate="2024-09-13" signature="Timothy J. Clemens" title="Treasurer and Principal Financial Officer"/>
  </formData>
</edgarSubmission>
