0001752724-24-127586.txt : 20240530 0001752724-24-127586.hdr.sgml : 20240530 20240530093432 ACCESSION NUMBER: 0001752724-24-127586 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Trust I CENTRAL INDEX KEY: 0001217286 ORGANIZATION NAME: IRS NUMBER: 331043149 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21295 FILM NUMBER: 241001564 BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 0001217286 S000011876 JPMorgan SmartRetirement 2040 Fund C000032453 Class A SMTAX C000032454 Class C SMTCX C000032455 Class I SMTSX C000032456 Class R5 SMTIX C000070632 Class R2 SMTZX C000148429 Class R6 SMTYX C000169487 Class R4 SMTQX C000169488 Class R3 SMTPX NPORT-P 1 primary_doc.xml NPORT-P false 0001217286 XXXXXXXX S000011876 C000032453 C000070632 C000169488 C000169487 C000148429 C000032455 C000032454 C000032456 JPMorgan Trust I 811-21295 0001217286 549300DM5WZMCZZ70R78 277 Park Avenue New York 10172 800-480-4111 JPMorgan SmartRetirement 2040 Fund S000011876 549300FUD4TN9G6K7U44 2024-06-30 2024-03-31 N 3827443810.23 632555.29 3826811254.94 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 203133.24000000 N 42.37% SP500GRUSD0, 20.1% EAFERNRUSD0, 17.01% 1TRUSD0, 7.43% EMGLRNRUSD0, 5.62% SP400GRUSD0, 3.07% RU2000GRUSD0, 2.19% 5273TRUSD0, 1.61% RMZGRUSD0, 0.6% EMBIGDTRUSD0 IBXUSD006815 JPMorgan Small Cap Value Fund 549300V4YKXS0HHDUK18 JPMorgan Small Cap Value Fund, Class R6 4812C0225 856663.06300000 NS USD 24380630.77000000 0.637100425021 Long RF US N 1 N N N JPMorgan Realty Income ETF 549300R863426H3TN061 JPMorgan Realty Income ETF 46641Q126 1037438.00000000 NS USD 45491656.30000000 1.188761432675 Long RF US N 1 N N N JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 549300S2VYDS8QJGW220 JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 46641Q340 1466715.00000000 NS USD 135597801.75000000 3.543362677606 Long RF US N 1 N N N JPMorgan Emerging Markets Debt Fund 8KLDAXM5A9FOP50PQD10 JPMorgan Emerging Markets Debt Fund, Class R6 48121A134 3683818.47300000 NS USD 22876512.72000000 0.597795689308 Long RF US N 1 N N N JPMorgan International Research Enhanced Equity ETF 549300O57YNNVO2LZJ82 JPMorgan International Research Enhanced Equity ETF 46641Q134 7074373.00000000 NS USD 442997237.26000000 11.57614545760 Long RF US N 1 N N N N/A N/A MSCI Emerging Markets E-Mini Index N/A 1280.00000000 NC USD -74248.60000000 -0.00194022111 N/A DE US N 1 ICE Clear US 549300HWWR1D8OTS2G29 Long MSCI Emerging Markets E-Mini Index US55353S1050 2024-06-21 67123200.00000000 USD -74248.60000000 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 91282CGG0 3255200.00000000 PA USD 3228709.12000000 0.084370743810 Long DBT UST US N 2 2025-01-31 Fixed 4.12500000 N N N N N N JPMorgan Global Select Equity ETF 5493000IA63JXH4YO068 JPMorgan Global Select Equity ETF 46654Q740 5324914.00000000 NS USD 305703312.74000000 7.988460688918 Long RF US N 1 N N N JPMorgan ActiveBuilders Emerging Markets Equity ETF 549300YT4VMRJKDB1P44 JPMorgan ActiveBuilders Emerging Markets Equity ETF 46641Q266 2808361.00000000 NS USD 102926430.65000000 2.689613461263 Long RF US N 1 N N N JPMorgan Core Plus Bond Fund JW89OQCNJOLWVS3KT374 JPMorgan Core Plus Bond Fund, Class R6 4812C0134 66842735.56500000 NS USD 479262414.00000000 12.52380590710 Long RF US N 1 N N N JPMorgan Emerging Markets Research Enhanced Equity Fund 549300RH6H0TG40PHS83 JPMorgan Emerging Markets Research Enhanced Equity Fund, Class R6 46645V626 5372520.73500000 NS USD 85208178.86000000 2.226610438390 Long RF US N 1 N N N JPMorgan Small Cap Equity Fund 549300RO68EY7ZS30I29 JPMorgan Small Cap Equity Fund, Class R6 48127B862 432043.70800000 NS USD 24717220.53000000 0.645895992338 Long RF US N 1 N N N JPMorgan High Yield Fund 15QB5UY3VV3GNSMNPX63 JPMorgan High Yield Fund, Class R6 4812C0126 10328776.41000000 NS USD 66414032.32000000 1.735492761349 Long RF US N 1 N N N JPMorgan International Equity Fund HQ7PRYSQNFVGDT1BSL78 JPMorgan International Equity Fund, Class R6 48121L882 11878819.66700000 NS USD 238407910.72000000 6.229936488564 Long RF US N 1 N N N JPMorgan U.S. Government Money Market Fund 8I5DZWZKVSZI1NUHU748 JPMorgan U.S. Government Money Market Fund, Class IM 4812C2270 54818523.25000000 NS USD 54818523.25000000 1.432485680584 Long STIV RF US N 1 N N N JPMorgan U.S. Research Enhanced Equity Fund 549300VOOZNRR4HQN096 JPMorgan U.S. Research Enhanced Equity Fund, Class R6 4812A1837 9686973.34960000 NS USD 395809731.06000000 10.34306906433 Long RF US N 1 N N N JPMorgan Growth Advantage Fund 549300WH8DD4YVIMGX89 JPMorgan Growth Advantage Fund, Class R6 46640W108 9645402.06700000 NS USD 375109686.39000000 9.802147568834 Long RF US N 1 N N N JPMorgan Small Cap Growth Fund 549300O2OV2J830JXI18 JPMorgan Small Cap Growth Fund, Class R6 48121L825 1071649.78800000 NS USD 23812058.29000000 0.622242820553 Long RF US N 1 N N N JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 549300UUJZT2ZWE64W88 JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 46641Q878 342291.00000000 NS USD 15810421.29000000 0.413148708852 Long RF US N 1 N N N JPMorgan Emerging Markets Equity Fund YGO3SVACG8PL3FXK2G86 JPMorgan Emerging Markets Equity Fund, Class R6 48121L122 923831.07600000 NS USD 28121417.95000000 0.734852494062 Long RF US N 1 N N N JPMorgan U.S. Equity Fund 549300O4STN5CE50YK08 JPMorgan U.S. Equity Fund, Class R6 48121L817 16683960.39000000 NS USD 396077219.66000000 10.35005892043 Long RF US N 1 N N N JPMorgan Core Bond Fund DQ695W4P67V7A4LC6I09 JPMorgan Core Bond Fund, Class R6 4812C0100 15686643.61800000 NS USD 159846898.47000000 4.177025931541 Long RF US N 1 N N N JPMorgan BetaBuilders MSCI US REIT ETF 549300UDD0DL9T2E4I67 JPMorgan BetaBuilders MSCI US REIT ETF 46641Q738 172775.00000000 NS USD 15287132.00000000 0.399474418297 Long RF US N 1 N N N JPMorgan Value Advantage Fund 549300P7ZUUEK5GQXK57 JPMorgan Value Advantage Fund, Class R6 46641U382 9894250.32000000 NS USD 384886337.45000000 10.05762531280 Long RF US N 1 N N N 2024-04-30 JPMorgan Trust I Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 JPMSR2040.htm PART F EDGAR HTML
JPMorgan SmartRetirement® 2040 Fund
Schedule of Portfolio Investments as of March 31, 2024
(Unaudited) 
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
J.P. Morgan Distribution Services, Inc., member FINRA.
© J.P. Morgan Chase & Co., 2024.
JPMorgan SmartRetirement® 2040 Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited)
 
INVESTMENTS
SHARES
(000)
VALUE
($000)
Investment Companies — 70.9%
Fixed Income — 19.4%
JPMorgan Core Bond Fund Class R6 Shares (a)
15,980
162,841
JPMorgan Core Plus Bond Fund Class R6 Shares (a)
68,031
487,779
JPMorgan Emerging Markets Debt Fund Class R6 Shares (a)
3,684
22,876
JPMorgan High Yield Fund Class R6 Shares (a)
10,329
66,414
Total Fixed Income
 
739,910
International Equity — 9.2%
JPMorgan Emerging Markets Equity Fund Class R6 Shares (a)
924
28,122
JPMorgan Emerging Markets Research Enhanced Equity Fund Class R6 Shares (a)
5,372
85,208
JPMorgan International Equity Fund Class R6 Shares (a)
11,758
235,975
Total International Equity
 
349,305
U.S. Equity — 42.3%
JPMorgan Growth Advantage Fund Class R6 Shares * (a)
9,645
375,110
JPMorgan Small Cap Equity Fund Class R6 Shares (a)
432
24,717
JPMorgan Small Cap Growth Fund Class R6 Shares * (a)
1,072
23,812
JPMorgan Small Cap Value Fund Class R6 Shares (a)
857
24,372
JPMorgan U.S. Equity Fund Class R6 Shares (a)
16,565
393,254
JPMorgan U.S. Research Enhanced Equity Fund Class R6 Shares (a)
9,641
393,956
JPMorgan Value Advantage Fund Class R6 Shares (a)
9,701
377,366
Total U.S. Equity
 
1,612,587
Total Investment Companies
(Cost $1,803,013)
 
2,701,802
Exchange-Traded Funds — 27.7%
Alternative Assets — 1.6%
JPMorgan BetaBuilders MSCI US REIT ETF (a)
173
15,287
JPMorgan Realty Income ETF (a)
1,037
45,492
Total Alternative Assets
 
60,779
Fixed Income — 0.4%
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (a)
342
15,810
International Equity — 14.2%
JPMorgan ActiveBuilders Emerging Markets Equity ETF (a)
2,808
102,927
JPMorgan International Research Enhanced Equity ETF (a)
7,001
438,383
Total International Equity
 
541,310
International Funds — 8.0%
JPMorgan Global Select Equity ETF (a)
5,325
305,703
U.S. Equity — 3.5%
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (a)
1,437
132,873
Total Exchange-Traded Funds
(Cost $912,911)
 
1,056,475
 
PRINCIPAL
AMOUNT
($000)
 
U.S. Treasury Obligations — 0.1%
U.S. Treasury Notes
4.13%, 1/31/2025 (b) (Cost $3,233)
3,255
3,229
JPMorgan SmartRetirement® 2040 Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
 INVESTMENTS
SHARES
(000)
VALUE
($000)
Short-Term Investments — 1.5%
Investment Companies — 1.5%
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (c)
(Cost $54,819)
54,819
54,819
Total Investments — 100.2%
(Cost $2,773,976)
 
3,816,325
Liabilities in Excess of Other Assets — (0.2)%
 
(5,971
)
NET ASSETS — 100.0%
 
3,810,354
 
Percentages indicated are based on net assets.
 
Abbreviations
 
ETF
Exchange Traded Fund
REIT
Real Estate Investment Trust
USD
United States Dollar
 
*
Non-income producing security.
(a)
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment
Management Inc.
(b)
All or a portion of this security is deposited with the broker as initial margin for futures contracts.
(c)
The rate shown is the current yield as of March 31, 2024.
Detailed information about investment portfolios of the underlying funds and ETFs can be found in shareholder reports filed with the Securities and Exchange Commission (SEC) by each such underlying fund semi-annually on Form N-CSR and in portfolio holdings filed quarterly on Form N-PORT, and are available for download from both the SEC’s as well as each respective underlying fund’s website. Detailed information about underlying J.P. Morgan Funds can also be found at www.jpmorganfunds.com or by calling 1-800-480-4111.
Futures contracts outstanding as of March 31, 2024 (amounts in thousands, except number of contracts):
 
DESCRIPTION
NUMBER OF
CONTRACTS
EXPIRATION DATE
TRADING CURRENCY
NOTIONAL
AMOUNT ($)
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
Long Contracts
 
 
 
 
 
MSCI Emerging Markets E-Mini Index
1,280
06/21/2024
USD
67,123
(74
)
 
Abbreviations
 
MSCI
Morgan Stanley Capital International
USD
United States Dollar
JPMorgan SmartRetirement® 2040 Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
A. Valuation of Investments— Investments are valued in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.
Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.
Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.
Investments in open-end investment companies, excluding exchange-traded funds (“ETFs”) (“Underlying Funds”), are valued at each Underlying Fund’s NAV per share as of the report date.
Futures contracts are generally valued on the basis of available market quotations.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The following table represents each valuation input as presented on the Schedule of Portfolio Investments: 
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Investments in Securities
 
 
 
 
Exchange-Traded Funds
$1,056,475
$—
$—
$1,056,475
Investment Companies
2,701,802
—
—
2,701,802
JPMorgan SmartRetirement® 2040 Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
U.S. Treasury Obligations
$—
$3,229
$—
$3,229
Short-Term Investments
 
 
 
 
Investment Companies
54,819
—
—
54,819
Total Investments in Securities
$3,813,096
$3,229
$—
$3,816,325
Depreciation in Other Financial Instruments
 
 
 
 
Futures Contracts
$(74
)
$—
$—
$(74
)
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds and ETFs advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. Underlying Funds’ and ETFs’ distributions may be reinvested into the Underlying Funds and ETFs. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended March 31, 2024
Security Description
Value at
June 30,
2023
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2024
Shares at
March 31,
2024
Dividend
Income
Capital Gain
Distributions
JPMorgan ActiveBuilders Emerging Markets
Equity ETF  (a)
$93,880
$22,718
$15,054
$(1,110
)
$2,493
$102,927
2,808
$2,535
$—
JPMorgan BetaBuilders MSCI US REIT ETF  (a)
16,411
627
2,572
64
757
15,287
173
406
—
JPMorgan BetaBuilders U.S. Mid Cap Equity
ETF  (a)
114,139
25,897
26,893
(14
)
19,744
132,873
1,437
1,167
—
(b)
JPMorgan BetaBuilders USD High Yield
Corporate Bond ETF  (a)
21,365
—
6,263
(825
)
1,533
15,810
342
1,025
—
JPMorgan Core Bond Fund Class R6 Shares
 (a)
130,837
48,932
16,851
(2,127
)
2,050
162,841
15,980
3,739
—
JPMorgan Core Plus Bond Fund Class R6
Shares  (a)
392,840
142,776
47,572
(7,906
)
7,641
487,779
68,031
12,974
—
JPMorgan Emerging Markets Debt Fund
Class R6 Shares  (a)
19,292
16,058
13,283
(1,683
)
2,492
22,876
3,684
877
—
JPMorgan Emerging Markets Equity Fund
Class R6 Shares  (a)
27,295
2,084
1,727
(74
)
544
28,122
924
449
—
JPMorgan Emerging Markets Research
Enhanced Equity Fund Class R6 Shares  (a)
108,647
9,407
34,452
(2,222
)
3,828
85,208
5,372
3,060
—
JPMorgan Global Select Equity ETF  (a)
—
280,664
16,795
790
41,044
305,703
5,325
520
—
JPMorgan Growth Advantage Fund Class R6
Shares  (a) *
475,647
3,353
190,554
53,453
33,211
375,110
9,645
—
2,457
JPMorgan High Yield Fund Class R6 Shares
 (a)
86,963
4,005
27,528
(1,629
)
4,603
66,414
10,329
4,005
—
JPMorgan International Equity Fund Class R6
Shares  (a)
307,951
6,005
93,528
(11,888
)
27,435
235,975
11,758
6,006
—
JPMorgan International Research Enhanced
Equity ETF  (a)
576,587
22,834
202,355
11,061
30,256
438,383
7,001
14,669
192
JPMorgan Realty Income ETF  (a)
48,298
2,551
7,257
(234
)
2,134
45,492
1,037
987
—
JPMorgan Small Cap Equity Fund Class R6
Shares  (a)
49,589
3,875
30,517
1,990
(220
)
24,717
432
521
1,550
JPMorgan Small Cap Growth Fund Class R6
Shares  (a) *
26,004
2,386
7,936
425
2,933
23,812
1,072
—
—
JPMorgan Small Cap Value Fund Class R6
Shares  (a)
24,838
1,726
5,664
78
3,394
24,372
857
321
34
JPMorgan U.S. Equity Fund Class R6 Shares
 (a)
446,602
18,889
136,358
31,730
32,391
393,254
16,565
2,878
4,027
JPMorgan SmartRetirement® 2040 Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
 
For the period ended March 31, 2024
Security Description
Value at
June 30,
2023
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2024
Shares at
March 31,
2024
Dividend
Income
Capital Gain
Distributions
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.25%  (a) (c)
$52,974
$607,236
$605,391
$—
$—
$54,819
54,819
$2,071
$—
JPMorgan U.S. Research Enhanced Equity
Fund Class R6 Shares  (a)
448,753
4,336
130,342
22,896
48,313
393,956
9,641
3,809
528
JPMorgan Value Advantage Fund Class R6
Shares  (a)
471,778
40,490
172,164
17,441
19,821
377,366
9,701
7,919
22,694
Total
$3,940,690
$1,266,849
$1,791,056
$110,216
$286,397
$3,813,096
 
$69,938
$31,482
 
 
(a)
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
(b)
Amount rounds to less than one thousand.
(c)
The rate shown is the current yield as of March 31, 2024.
*
Non-income producing security.