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.
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JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
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J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2024.
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — 98.9%
|
||
Aerospace & Defense — 3.5%
|
||
General Dynamics Corp.
|
277
|
78,397
|
Northrop Grumman Corp.
|
118
|
56,396
|
RTX Corp.
|
663
|
64,672
|
|
|
199,465
|
Air Freight & Logistics — 1.6%
|
||
United Parcel Service, Inc., Class B
|
640
|
95,098
|
Banks — 8.0%
|
||
Bank of America Corp.
|
3,276
|
124,211
|
M&T Bank Corp.
|
367
|
53,398
|
PNC Financial Services Group, Inc. (The)
|
395
|
63,789
|
US Bancorp
|
1,445
|
64,609
|
Wells Fargo & Co.
|
2,655
|
153,905
|
|
|
459,912
|
Beverages — 0.7%
|
||
PepsiCo, Inc.
|
239
|
41,793
|
Biotechnology — 3.7%
|
||
AbbVie, Inc.
|
534
|
97,184
|
Biogen, Inc. *
|
67
|
14,337
|
Regeneron Pharmaceuticals, Inc. *
|
47
|
45,682
|
Vertex Pharmaceuticals, Inc. *
|
130
|
54,288
|
|
|
211,491
|
Building Products — 1.4%
|
||
Carrier Global Corp.
|
1,395
|
81,117
|
Capital Markets — 6.7%
|
||
BlackRock, Inc.
|
135
|
113,013
|
Charles Schwab Corp. (The)
|
1,353
|
97,850
|
Goldman Sachs Group, Inc. (The)
|
93
|
38,711
|
Morgan Stanley
|
1,115
|
104,989
|
S&P Global, Inc.
|
69
|
29,417
|
|
|
383,980
|
Chemicals — 3.3%
|
||
Air Products and Chemicals, Inc.
|
352
|
85,354
|
Axalta Coating Systems Ltd. *
|
3,138
|
107,909
|
|
|
193,263
|
Commercial Services & Supplies — 0.7%
|
||
Republic Services, Inc.
|
221
|
42,395
|
Construction Materials — 1.4%
|
||
Vulcan Materials Co.
|
303
|
82,762
|
Consumer Finance — 1.8%
|
||
American Express Co.
|
355
|
80,910
|
Capital One Financial Corp.
|
146
|
21,698
|
|
|
102,608
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
||
Consumer Staples Distribution & Retail — 1.8%
|
||
Dollar General Corp.
|
215
|
33,563
|
Walmart, Inc.
|
1,160
|
69,791
|
|
|
103,354
|
Containers & Packaging — 0.4%
|
||
Ball Corp.
|
383
|
25,775
|
Electric Utilities — 2.0%
|
||
Entergy Corp.
|
167
|
17,666
|
NextEra Energy, Inc.
|
953
|
60,898
|
Xcel Energy, Inc.
|
634
|
34,103
|
|
|
112,667
|
Electrical Equipment — 1.7%
|
||
Eaton Corp. plc
|
313
|
97,716
|
Entertainment — 0.6%
|
||
Walt Disney Co. (The)
|
286
|
34,998
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Financial Services — 3.0%
|
||
Berkshire Hathaway, Inc., Class B *
|
311
|
130,576
|
Fiserv, Inc. *
|
270
|
43,155
|
|
|
173,731
|
Food Products — 0.8%
|
||
Mondelez International, Inc., Class A
|
621
|
43,449
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Ground Transportation — 2.8%
|
||
CSX Corp.
|
2,959
|
109,703
|
Union Pacific Corp.
|
221
|
54,372
|
|
|
164,075
|
Health Care Equipment & Supplies — 3.5%
|
||
Becton Dickinson & Co.
|
163
|
40,356
|
Boston Scientific Corp. *
|
921
|
63,074
|
Medtronic plc
|
649
|
56,536
|
Zimmer Biomet Holdings, Inc.
|
308
|
40,649
|
|
|
200,615
|
Health Care Providers & Services — 4.3%
|
||
Cigna Group (The)
|
198
|
71,739
|
Humana, Inc.
|
103
|
35,681
|
UnitedHealth Group, Inc.
|
218
|
108,020
|
Universal Health Services, Inc., Class B
|
181
|
33,044
|
|
|
248,484
|
Health Care REITs — 0.4%
|
||
Ventas, Inc.
|
476
|
20,712
|
Hotel & Resort REITs — 0.5%
|
||
Host Hotels & Resorts, Inc.
|
1,514
|
31,303
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
||
Hotels, Restaurants & Leisure — 1.5%
|
||
Booking Holdings, Inc.
|
8
|
27,206
|
McDonald's Corp.
|
201
|
56,805
|
|
|
84,011
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Household Products — 1.3%
|
||
Procter & Gamble Co. (The)
|
448
|
72,666
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Insurance — 4.1%
|
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Chubb Ltd.
|
251
|
64,950
|
Hartford Financial Services Group, Inc. (The)
|
661
|
68,156
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Marsh & McLennan Cos., Inc.
|
137
|
28,225
|
MetLife, Inc.
|
671
|
49,751
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Prudential Financial, Inc.
|
235
|
27,593
|
|
|
238,675
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Interactive Media & Services — 2.2%
|
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Alphabet, Inc., Class C *
|
385
|
58,673
|
Meta Platforms, Inc., Class A
|
144
|
69,704
|
|
|
128,377
|
IT Services — 0.6%
|
||
International Business Machines Corp.
|
183
|
34,873
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Machinery — 2.6%
|
||
Dover Corp.
|
512
|
90,692
|
Parker-Hannifin Corp.
|
107
|
59,446
|
|
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150,138
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Media — 1.4%
|
||
Comcast Corp., Class A
|
1,899
|
82,333
|
Multi-Utilities — 1.8%
|
||
CMS Energy Corp.
|
875
|
52,796
|
Public Service Enterprise Group, Inc.
|
801
|
53,480
|
|
|
106,276
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Oil, Gas & Consumable Fuels — 8.3%
|
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Chevron Corp.
|
786
|
124,034
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ConocoPhillips
|
1,214
|
154,447
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EOG Resources, Inc.
|
668
|
85,447
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Exxon Mobil Corp.
|
1,010
|
117,355
|
|
|
481,283
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Pharmaceuticals — 4.3%
|
||
Bristol-Myers Squibb Co.
|
1,539
|
83,466
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Eli Lilly & Co.
|
44
|
34,404
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Johnson & Johnson
|
523
|
82,763
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Merck & Co., Inc.
|
178
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23,425
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Pfizer, Inc.
|
873
|
24,236
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|
|
248,294
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Residential REITs — 0.3%
|
||
AvalonBay Communities, Inc.
|
94
|
17,424
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
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Semiconductors & Semiconductor Equipment — 6.1%
|
||
Advanced Micro Devices, Inc. *
|
273
|
49,179
|
Analog Devices, Inc.
|
491
|
97,166
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NXP Semiconductors NV (China)
|
364
|
90,072
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Teradyne, Inc. (a)
|
305
|
34,424
|
Texas Instruments, Inc.
|
458
|
79,852
|
|
|
350,693
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Software — 1.6%
|
||
Microsoft Corp.
|
216
|
91,052
|
Specialty Retail — 5.7%
|
||
AutoZone, Inc. *
|
20
|
63,184
|
Home Depot, Inc. (The)
|
178
|
68,181
|
Lowe's Cos., Inc.
|
331
|
84,473
|
O'Reilly Automotive, Inc. *
|
31
|
34,647
|
TJX Cos., Inc. (The)
|
793
|
80,448
|
|
|
330,933
|
Textiles, Apparel & Luxury Goods — 0.6%
|
||
NIKE, Inc., Class B
|
375
|
35,280
|
Tobacco — 1.4%
|
||
Philip Morris International, Inc.
|
863
|
79,082
|
Wireless Telecommunication Services — 0.5%
|
||
T-Mobile US, Inc.
|
178
|
29,108
|
Total Common Stocks
(Cost $4,388,515)
|
|
5,711,261
|
Short-Term Investments — 1.2%
|
||
Investment Companies — 0.9%
|
||
JPMorgan Prime Money Market Fund Class IM Shares, 5.43% (b) (c)
(Cost $53,132)
|
53,121
|
53,142
|
Investment of Cash Collateral from Securities Loaned — 0.3%
|
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JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.48% (b) (c)
|
10,994
|
10,994
|
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (b) (c)
|
2,688
|
2,688
|
Total Investment of Cash Collateral from Securities Loaned
(Cost $13,686)
|
|
13,682
|
Total Short-Term Investments
(Cost $66,818)
|
|
66,824
|
Total Investments — 100.1%
(Cost $4,455,333)
|
|
5,778,085
|
Liabilities in Excess of Other Assets — (0.1)%
|
|
(3,859
)
|
NET ASSETS — 100.0%
|
|
5,774,226
|
Percentages indicated are based on net assets.
|
Abbreviations
|
|
REIT
|
Real Estate Investment Trust
|
*
|
Non-income producing security.
|
(a)
|
The security or a portion of this security is on loan at March 31, 2024. The total value of securities on loan at March 31,
2024 is $13,546.
|
(b)
|
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.
|
(c)
|
The rate shown is the current yield as of March 31, 2024.
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Total Investments in Securities (a)
|
$5,778,085
|
$—
|
$—
|
$5,778,085
|
|
|
(a)
|
Please refer to the SOI for specifics of portfolio holdings.
|
|
|||||||||
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 Prime Money Market Fund Class IM Shares,
5.43% (a) (b)
|
$173,633
|
$863,234
|
$983,777
|
$48
|
$4
|
$53,142
|
53,121
|
$4,938
|
$—
|
JPMorgan Securities Lending Money Market Fund
Agency SL Class Shares, 5.48% (a) (b)
|
—
|
40,000
|
29,000
|
(2
)
|
(4
)
|
10,994
|
10,994
|
200
|
—
|
JPMorgan U.S. Government Money Market Fund
Class IM Shares, 5.25% (a) (b)
|
—
|
13,244
|
10,556
|
—
|
—
|
2,688
|
2,688
|
27
|
—
|
Total
|
$173,633
|
$916,478
|
$1,023,333
|
$46
|
$—
|
$66,824
|
|
$5,165
|
$—
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised
by J.P. Morgan
Investment Management Inc.
|
(b)
|
The rate shown is the current yield as of March 31, 2024.
|