0001752724-24-127609.txt : 20240530 0001752724-24-127609.hdr.sgml : 20240530 20240530093937 ACCESSION NUMBER: 0001752724-24-127609 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: 241001609 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 S000002796 JPMorgan Value Advantage Fund C000007658 Class I JVASX C000007659 Class L JVAIX C000007660 Class A JVAAX C000007661 Class C JVACX C000173221 Class R3 JVAPX C000173222 Class R4 JVAQX C000173223 Class R5 JVARX C000173224 Class R6 JVAYX C000190878 Class R2 JGAQX NPORT-P 1 primary_doc.xml NPORT-P false 0001217286 XXXXXXXX S000002796 C000173223 C000173221 C000007660 C000173224 C000173222 C000007661 C000007658 C000190878 C000007659 JPMorgan Trust I 811-21295 0001217286 549300DM5WZMCZZ70R78 277 Park Avenue New York 10172 800-480-4111 JPMorgan Value Advantage Fund S000002796 549300P7ZUUEK5GQXK57 2024-06-30 2024-03-31 N 9276296498.67 23756654.36 9252539844.31 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 6798086.17999999 N N/A N/A CBRE Group, Inc. 52990016II9MJ2OSWA10 CBRE Group, Inc., Class A 12504L109 450144.00000000 NS USD 43772002.56000000 0.473080940979 Long EC CORP US N 1 N N N Kraft Heinz Co. (The) 9845007488EC87F5AF14 Kraft Heinz Co. (The) 500754106 1936427.00000000 NS USD 71454156.30000000 0.772265318521 Long EC CORP US N 1 N N N Eaton Corp. plc 549300VDIGTMXUNT7H71 Eaton Corp. plc N/A 145918.00000000 NS USD 45625640.24000000 0.493114766407 Long EC CORP IE N 1 N N N Carter's, Inc. 5299003WAQK4R3L3ZU36 Carter's, Inc. 146229109 604264.00000000 NS USD 51169075.52000000 0.553027345799 Long EC CORP US N 1 N N N Vulcan Materials Co. 549300Q8LSNHAVWBNI21 Vulcan Materials Co. 929160109 80240.00000000 NS USD 21899100.80000000 0.236682048048 Long EC CORP US N 1 N N N Loews Corp. R8V1FN4M5ITGZOG7BS19 Loews Corp. 540424108 2116392.00000000 NS USD 165692329.68000000 1.790776721506 Long EC CORP US N 1 N N N Chubb Ltd. E0JAN6VLUDI1HITHT809 Chubb Ltd. N/A 244295.00000000 NS USD 63304163.35000000 0.684181472495 Long EC CORP CH N 1 N N N PG&E Corp. 8YQ2GSDWYZXO2EDN3511 PG&E Corp. 69331C108 3907399.00000000 NS USD 65488007.24000000 0.707784114869 Long EC CORP US N 1 N N N Carlisle Cos., Inc. XR64VGX1ZPX6G7ZN7Z11 Carlisle Cos., Inc. 142339100 203840.00000000 NS USD 79874704.00000000 0.863273277867 Long EC CORP US N 1 N N N Timken Co. (The) B0I35MLPFXZSE70ASS73 Timken Co. (The) 887389104 482308.00000000 NS USD 42168188.44000000 0.455747169421 Long EC CORP US N 1 N N N Northrop Grumman Corp. RIMU48P07456QXSO0R61 Northrop Grumman Corp. 666807102 85539.00000000 NS USD 40944097.74000000 0.442517389051 Long EC CORP US N 1 N N N Mid-America Apartment Communities, Inc. 549300FQZKFR5YNSHZ21 Mid-America Apartment Communities, Inc. 59522J103 725258.00000000 NS USD 95429447.64000000 1.031386508415 Long EC CORP US N 1 N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co. 110122108 2090484.00000000 NS USD 113366947.32000000 1.225252192669 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class C 02079K107 170461.00000000 NS USD 25954391.86000000 0.280510998025 Long EC CORP US N 1 N N N International Business Machines Corp. VGRQXHF3J8VDLUA7XE92 International Business Machines Corp. 459200101 278385.00000000 NS USD 53160399.60000000 0.574549264250 Long EC CORP US N 1 N N N Fairfax Financial Holdings Ltd. GLS7OQD0WOEDI8YAP031 Fairfax Financial Holdings Ltd. 303901102 25429.00000000 NS USD 27438908.16000000 0.296555417449 Long EC CORP CA N 1 N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 692696.00000000 NS USD 113144964.64000000 1.222853038666 Long EC CORP US N 1 N N N Apple Hospitality REIT, Inc. 549300EVZAR0FBZO4F16 Apple Hospitality REIT, Inc. 03784Y200 2159839.00000000 NS USD 35378162.82000000 0.382361637078 Long EC CORP US N 1 N N N NextEra Energy, Inc. 254900RHL9MEUS5NKX63 NextEra Energy, Inc. 65339F101 780300.00000000 NS USD 49868973.00000000 0.538976041596 Long EC CORP US N 1 N N N Albertsons Cos., Inc. 549300YKWOC0AOR16R51 Albertsons Cos., Inc., Class A 013091103 2207329.00000000 NS USD 47325133.76000000 0.511482625920 Long EC CORP US N 1 N N N American Express Co. R4PP93JZOLY261QX3811 American Express Co. 025816109 379239.00000000 NS USD 86348927.91000000 0.933245674841 Long EC CORP US N 1 N N N Edison International 549300I7ROF15MAEVP56 Edison International 281020107 664953.00000000 NS USD 47032125.69000000 0.508315840638 Long EC CORP US N 1 N N N MGIC Investment Corp. 254900S8483WM4M98R28 MGIC Investment Corp. 552848103 2905724.00000000 NS USD 64971988.64000000 0.702207066743 Long EC CORP US N 1 N N N JPMorgan U.S. Government Money Market Fund 549300NQ5E5B7ZV4T516 JPMorgan U.S. Government Money Market Fund, Share Class IM 4812C2270 2609655.06000000 NS USD 2609655.06000000 0.028204742739 Long STIV RF US N 1 N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 612233.00000000 NS USD 96849138.27000000 1.046730302161 Long EC CORP US N 1 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc. 58933Y105 534560.00000000 NS USD 70535192.00000000 0.762333296444 Long EC CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent, Class A 02665T306 1704959.00000000 NS USD 62708392.02000000 0.677742469367 Long EC CORP US N 1 N N N EastGroup Properties, Inc. 31TIGQQZC4P6JMHKSW85 EastGroup Properties, Inc. 277276101 96616.00000000 NS USD 17368658.32000000 0.187717736019 Long EC CORP US N 1 N N N Middleby Corp. (The) JDFO86U9VQRBKW5KYA35 Middleby Corp. (The) 596278101 202255.00000000 NS USD 32520581.45000000 0.351477345650 Long EC CORP US N 1 N N N Regions Financial Corp. CW05CS5KW59QTC0DG824 Regions Financial Corp. 7591EP100 3877339.00000000 NS USD 81579212.56000000 0.881695339146 Long EC CORP US N 1 N N N Federal Realty Investment Trust 549300FHEI1SLVZ0RB48 Federal Realty Investment Trust 313745101 550308.00000000 NS USD 56197452.96000000 0.607373260808 Long EC CORP US N 1 N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 United Parcel Service, Inc., Class B 911312106 204457.00000000 NS USD 30388443.91000000 0.328433537399 Long EC CORP US N 1 N N N Liberty Media Corp-Liberty Live N/A Liberty Media Corp-Liberty Live, Class C 531229722 689652.00000000 NS USD 30220550.64000000 0.326618973260 Long EC CORP US N 1 N N N Progressive Corp. (The) 529900TACNVLY9DCR586 Progressive Corp. (The) 743315103 223563.00000000 NS USD 46237299.66000000 0.499725485520 Long EC CORP US N 1 N N N Nexstar Media Group, Inc. 52990083ZRR5UT591988 Nexstar Media Group, Inc. 65336K103 272521.00000000 NS USD 46952643.09000000 0.507456805159 Long EC CORP US N 1 N N N Home Depot, Inc. (The) QEKMOTMBBKA8I816DO57 Home Depot, Inc. (The) 437076102 119859.00000000 NS USD 45977912.40000000 0.496922068682 Long EC CORP US N 1 N N N IAC, Inc. 549300TO56L57RP6P031 IAC, Inc. 44891N208 1127221.00000000 NS USD 60125968.14000000 0.649832036951 Long EC CORP US N 1 N N N Williams Cos., Inc. (The) D71FAKCBLFS2O0RBPG08 Williams Cos., Inc. (The) 969457100 2556609.00000000 NS USD 99631052.73000000 1.076796797489 Long EC CORP US N 1 N N N PNC Financial Services Group, Inc. (The) CFGNEKW0P8842LEUIA51 PNC Financial Services Group, Inc. (The) 693475105 594967.00000000 NS USD 96146667.20000000 1.039138104972 Long EC CORP US N 1 N N N Weyerhaeuser Co. 08IRJODWFYBI7QWRGS31 Weyerhaeuser Co. 962166104 3162702.00000000 NS USD 113572628.82000000 1.227475166073 Long EC CORP US N 1 N N N JPMorgan Securities Lending Money Market Fund 5493002FD4HXUJXMRO62 JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares 46645V642 14107006.06000000 NS USD 14107006.06000000 0.152466309763 Long STIV RF US N 1 N N Travelers Cos., Inc. (The) 549300Y650407RU8B149 Travelers Cos., Inc. (The) 89417E109 598160.00000000 NS USD 137660542.40000000 1.487813559480 Long EC CORP US N 1 N N N Regency Centers Corp. 529900053A7X7FJ97S58 Regency Centers Corp. 758849103 999942.00000000 NS USD 60556487.52000000 0.654485022912 Long EC CORP US N 1 N N N General Dynamics Corp. 9C1X8XOOTYY2FNYTVH06 General Dynamics Corp. 369550108 284549.00000000 NS USD 80382247.01000000 0.868758723145 Long EC CORP US N 1 N N N Ralph Lauren Corp. HO1QNWM0IXBZ0QSMMO20 Ralph Lauren Corp. 751212101 168945.00000000 NS USD 31721113.20000000 0.342836818146 Long EC CORP US N 1 N N N CNA Financial Corp. 549300YX2GSZD7YG1R84 CNA Financial Corp. 126117100 926426.00000000 NS USD 42078268.92000000 0.454775333346 Long EC CORP US N 1 N N N Newell Brands, Inc. 549300LWGYFM1TVO1Z12 Newell Brands, Inc. 651229106 3362553.00000000 NS USD 27001300.59000000 0.291825823442 Long EC CORP US N 1 N N N Kimco Realty Corp. 254900ARY41P4V1JL861 Kimco Realty Corp. 49446R109 3347349.00000000 NS USD 65641513.89000000 0.709443190675 Long EC CORP US N 1 N N N TD SYNNEX Corp. 5493004HI6PFLF46NS53 TD SYNNEX Corp. 87162W100 561367.00000000 NS USD 63490607.70000000 0.686196533798 Long EC CORP US N 1 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 Columbia Sportswear Co. 198516106 277937.00000000 NS USD 22562925.66000000 0.243856563059 Long EC CORP US N 1 N N AutoZone, Inc. GA3JGKJ41LJKXDN23E90 AutoZone, Inc. 053332102 21403.00000000 NS USD 67454764.95000000 0.729040523845 Long EC CORP US N 1 N N N WestRock Co. 5493004Z9TCQW68YVL89 WestRock Co. 96145D105 996668.00000000 NS USD 49285232.60000000 0.532667066873 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 55098.00000000 NS USD 26754486.84000000 0.289158299128 Long EC CORP US N 1 N N N Medtronic plc 549300GX3ZBSQWUXY261 Medtronic plc N/A 475055.00000000 NS USD 41401043.25000000 0.447455984482 Long EC CORP IE N 1 N N N Capital One Financial Corp. ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp. 14040H105 1511032.00000000 NS USD 224977554.48000000 2.431522136252 Long EC CORP US N 1 N N N Graphic Packaging Holding Co. N/A Graphic Packaging Holding Co. 388689101 1940900.00000000 NS USD 56635462.00000000 0.612107193840 Long EC CORP US N 1 N N Philip Morris International, Inc. HL3H1H2BGXWVG3BSWR90 Philip Morris International, Inc. 718172109 743257.00000000 NS USD 68097206.34000000 0.735983929665 Long EC CORP US N 1 N N N Keurig Dr Pepper, Inc. DYTQ8KRTKO7Y2BVU5K74 Keurig Dr Pepper, Inc. 49271V100 3081863.00000000 NS USD 94520738.21000000 1.021565319366 Long EC CORP US N 1 N N N Arch Capital Group Ltd. 549300AYR4P8AFKDCE43 Arch Capital Group Ltd. N/A 358477.00000000 NS USD 33137613.88000000 0.358146135413 Long EC CORP BM N 1 N N N Liberty Broadband Corp. 549300MIX43II8JLN536 Liberty Broadband Corp., Class C 530307305 508486.00000000 NS USD 29100653.78000000 0.314515303577 Long EC CORP US N 1 N N N Xcel Energy, Inc. LGJNMI9GH8XIDG5RCM61 Xcel Energy, Inc. 98389B100 736276.00000000 NS USD 39574835.00000000 0.427718612034 Long EC CORP US N 1 N N N Public Service Enterprise Group, Inc. PUSS41EMO3E6XXNV3U28 Public Service Enterprise Group, Inc. 744573106 802691.00000000 NS USD 53603704.98000000 0.579340439295 Long EC CORP US N 1 N N N Laboratory Corp. of America Holdings OZ7UA8IXAIFILY2VZH07 Laboratory Corp. of America Holdings 50540R409 300058.00000000 NS USD 65550670.68000000 0.708461371504 Long EC CORP US N 1 N N N Expedia Group, Inc. N/A Expedia Group, Inc. 30212P303 361516.00000000 NS USD 49798829.00000000 0.538217936241 Long EC CORP US N 1 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co. 949746101 4144197.00000000 NS USD 240197658.12000000 2.596018630146 Long EC CORP US N 1 N N N WR Berkley Corp. SQOAGCLKBDWNVYV1OV80 WR Berkley Corp. 084423102 551757.00000000 NS USD 48797389.08000000 0.527394530594 Long EC CORP US N 1 N N N Cisco Systems, Inc. 549300LKFJ962MZ46593 Cisco Systems, Inc. 17275R102 723702.00000000 NS USD 36119966.82000000 0.390378938408 Long EC CORP US N 1 N N N Fifth Third Bancorp THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773100 612774.00000000 NS USD 22801320.54000000 0.246433097545 Long EC CORP US N 1 N N N Berkshire Hathaway, Inc. 5493000C01ZX7D35SD85 Berkshire Hathaway, Inc., Class B 084670702 725534.00000000 NS USD 305101557.68000000 3.297489800788 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 734259.00000000 NS USD 69137827.44000000 0.747230799362 Long EC CORP US N 1 N N N T-Mobile US, Inc. 549300QHIJYOHPACPG31 T-Mobile US, Inc. 872590104 250257.00000000 NS USD 40846947.54000000 0.441467404921 Long EC CORP US N 1 N N N Corpay, Inc. 549300DG6RR0NQSFLN74 Corpay, Inc. 219948106 110835.00000000 NS USD 34197030.90000000 0.369596148467 Long EC CORP US N 1 N N N Axalta Coating Systems Ltd. 529900AGLPA40GV6H619 Axalta Coating Systems Ltd. N/A 1642083.00000000 NS USD 56471234.37000000 0.610332247363 Long EC CORP BM N 1 N N N Liberty Media Corp-Liberty SiriusXM N/A Liberty Media Corp-Liberty SiriusXM 531229789 2423678.00000000 NS USD 72007473.38000000 0.778245482771 Long EC CORP US N 1 N N N Vertex Pharmaceuticals, Inc. 54930015RAQRRZ5ZGJ91 Vertex Pharmaceuticals, Inc. 92532F100 76176.00000000 NS USD 31842329.76000000 0.344146907722 Long EC CORP US N 1 N N N Post Holdings, Inc. JM1I5YUAURL6DC8N1468 Post Holdings, Inc. 737446104 692451.00000000 NS USD 73593692.28000000 0.795389087951 Long EC CORP US N 1 N N N Lowe's Cos., Inc. WAFCR4OKGSC504WU3E95 Lowe's Cos., Inc. 548661107 253572.00000000 NS USD 64592395.56000000 0.698104484248 Long EC CORP US N 1 N N N Analog Devices, Inc. GYVOE5EZ4GDAVTU4CQ61 Analog Devices, Inc. 032654105 204117.00000000 NS USD 40372301.43000000 0.436337504180 Long EC CORP US N 1 N N N Henry Schein, Inc. VGO3WGL8H45T73F4RR92 Henry Schein, Inc. 806407102 920375.00000000 NS USD 69506720.00000000 0.751217732315 Long EC CORP US N 1 N N N Chevron Corp. N/A Chevron Corp. 166764100 941691.00000000 NS USD 148542338.34000000 1.605422303923 Long EC CORP US N 1 N N N Cigna Group (The) 549300VIWYMSIGT1U456 Cigna Group (The) 125523100 171665.00000000 NS USD 62347011.35000000 0.673836723743 Long EC CORP US N 1 N N N Mohawk Industries, Inc. 549300JI1115MG3Q6322 Mohawk Industries, Inc. 608190104 649050.00000000 NS USD 84954154.50000000 0.918171182502 Long EC CORP US N 1 N N N Zimmer Biomet Holdings, Inc. 2P2YLDVPES3BXQ1FRB91 Zimmer Biomet Holdings, Inc. 98956P102 419714.00000000 NS USD 55393853.72000000 0.598688086213 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 1403734.00000000 NS USD 178667263.52000000 1.931007772205 Long EC CORP US N 1 N N N First Citizens BancShares, Inc. 549300N3Z00ZHE2XC526 First Citizens BancShares, Inc., Class A 31946M103 52592.00000000 NS USD 85987920.00000000 0.929343957949 Long EC CORP US N 1 N N N Charles Schwab Corp. (The) 549300VSGCJ7E698NM85 Charles Schwab Corp. (The) 808513105 996691.00000000 NS USD 72100626.94000000 0.779252271843 Long EC CORP US N 1 N N N Welltower, Inc. 254900F33BIAR82QTA19 Welltower, Inc. 95040Q104 197277.00000000 NS USD 18433562.88000000 0.199227057545 Long EC CORP US N 1 N N N Coterra Energy, Inc. FCNMH6O7VWU7LHXMK351 Coterra Energy, Inc. 127097103 1447792.00000000 NS USD 40364440.96000000 0.436252549453 Long EC CORP US N 1 N N N Procter & Gamble Co. (The) 2572IBTT8CCZW6AU4141 Procter & Gamble Co. (The) 742718109 614503.00000000 NS USD 99703111.75000000 1.077575600080 Long EC CORP US N 1 N N N Kenvue, Inc. 5493008HSF8L4M2LIJ82 Kenvue, Inc. 49177J102 2293452.00000000 NS USD 49217479.92000000 0.531934806530 Long EC CORP US N 1 N N N Dick's Sporting Goods, Inc. 529900SSBV5I4LWSK313 Dick's Sporting Goods, Inc. 253393102 291723.00000000 NS USD 65596833.78000000 0.708960295051 Long EC CORP US N 1 N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 1201851.00000000 NS USD 50429667.96000000 0.545035944816 Long EC CORP US N 1 N N N Quest Diagnostics, Inc. 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 176548.00000000 NS USD 23500304.28000000 0.253987604219 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 5238352.00000000 NS USD 198638307.84000000 2.146851688103 Long EC CORP US N 1 N N N Public Storage N/A Public Storage 74460D109 363856.00000000 NS USD 105540071.36000000 1.140660544411 Long EC CORP US N 1 N N N JPMorgan Prime Money Market Fund N/A JPMorgan Prime Money Market Fund, Class IM 46637K844 226715363.87000000 NS USD 226806050.02000000 2.451284229372 Long STIV RF US N 1 N N N Murphy USA, Inc. 549300Y081F8XIKQIO72 Murphy USA, Inc. 626755102 108615.00000000 NS USD 45531408.00000000 0.492096319131 Long EC CORP US N 1 N N N CDW Corp. 9845001B052ABF0B6755 CDW Corp. 12514G108 144491.00000000 NS USD 36957907.98000000 0.399435275090 Long EC CORP US N 1 N N N Rayonier, Inc. HGV8VDVNL0W6SF2U9C50 Rayonier, Inc. 754907103 1182396.00000000 NS USD 39302843.04000000 0.424778965574 Long EC CORP US N 1 N N N Honeywell International, Inc. ISRPG12PN4EIEOEMW547 Honeywell International, Inc. 438516106 278501.00000000 NS USD 57162330.25000000 0.617801503282 Long EC CORP US N 1 N N N Martin Marietta Materials, Inc. 5299005MZ4WZECVATV08 Martin Marietta Materials, Inc. 573284106 171672.00000000 NS USD 105396307.68000000 1.139106769097 Long EC CORP US N 1 N N N RTX Corp. I07WOS4YJ0N7YRFE7309 RTX Corp. 75513E101 900816.00000000 NS USD 87856584.48000000 0.949540190675 Long EC CORP US N 1 N N N HCA Healthcare, Inc. 529900PH4ZGUH2MNEU89 HCA Healthcare, Inc. 40412C101 321192.00000000 NS USD 107127167.76000000 1.157813633473 Long EC CORP US N 1 N N N State Street Corp. 549300ZFEEJ2IP5VME73 State Street Corp. 857477103 1089479.00000000 NS USD 84238516.28000000 0.910436676820 Long EC CORP US N 1 N N N Northern Trust Corp. 549300GLF98S992BC502 Northern Trust Corp. 665859104 798602.00000000 NS USD 71011689.84000000 0.767483210392 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 979344.00000000 NS USD 178338542.40000000 1.927455005877 Long EC CORP US N 1 N N N Union Pacific Corp. 549300LMMRSZZCZ8CL11 Union Pacific Corp. 907818108 321636.00000000 NS USD 79099941.48000000 0.854899766020 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 NXP Semiconductors NV N/A 243107.00000000 NS USD 60234621.39000000 0.651006344242 Long EC CORP NL N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 66165.00000000 NS USD 63683150.85000000 0.688277509976 Long EC CORP US N 1 N N N Booking Holdings, Inc. FXM8FAOHMYDIPD38UZ17 Booking Holdings, Inc. 09857L108 12993.00000000 NS USD 47137044.84000000 0.509449790362 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 EOG Resources, Inc. 26875P101 910983.00000000 NS USD 116460066.72000000 1.258682142197 Long EC CORP US N 1 N N N UnitedHealth Group, Inc. 549300GHBMY8T5GXDE41 UnitedHealth Group, Inc. 91324P102 110401.00000000 NS USD 54615374.70000000 0.590274407016 Long EC CORP US N 1 N N N FedEx Corp. 549300E707U7WNPZN687 FedEx Corp. 31428X106 321071.00000000 NS USD 93027111.54000000 1.005422436491 Long EC CORP US N 1 N N N Dover Corp. 549300FMC2ALGA7N9E80 Dover Corp. 260003108 486846.00000000 NS USD 86264242.74000000 0.932330410801 Long EC CORP US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 Kinder Morgan, Inc. 49456B101 5056669.00000000 NS USD 92739309.46000000 1.002311916733 Long EC CORP US N 1 N N N Texas Roadhouse, Inc. 5299002Y1CNRPDGXTQ75 Texas Roadhouse, Inc. 882681109 239551.00000000 NS USD 37003442.97000000 0.399927410123 Long EC CORP US N 1 N N N Bath & Body Works, Inc. GR3KVMWVCR54YWQNXU90 Bath & Body Works, Inc. 070830104 1190795.00000000 NS USD 59563565.90000000 0.643753681716 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 723800.00000000 NS USD 57730288.00000000 0.623939901599 Long EC CORP US N 1 N N N Silgan Holdings, Inc. KAF673KJXD92C8KSLU49 Silgan Holdings, Inc. 827048109 657687.00000000 NS USD 31937280.72000000 0.345173122811 Long EC CORP US N 1 N N N Entergy Corp. 4XM3TW50JULSLG8BNC79 Entergy Corp. 29364G103 247175.00000000 NS USD 26121454.00000000 0.282316579442 Long EC CORP US N 1 N N N Fortune Brands Innovations, Inc. 54930032LHW54PQUJD44 Fortune Brands Innovations, Inc. 34964C106 873973.00000000 NS USD 73999293.91000000 0.799772766777 Long EC CORP US N 1 N N N M&T Bank Corp. 549300WYXDDBYRASEG81 M&T Bank Corp. 55261F104 1210940.00000000 NS USD 176119113.60000000 1.903467767375 Long EC CORP US N 1 N N N Cencora, Inc. AI8GXW8LG5WK7E9UD086 Cencora, Inc. 03073E105 487639.00000000 NS USD 118491400.61000000 1.280636480402 Long EC CORP US N 1 N N N Citizens Financial Group, Inc. 2138004JDDA4ZQUPFW65 Citizens Financial Group, Inc. 174610105 1745626.00000000 NS USD 63348767.54000000 0.684663547587 Long EC CORP US N 1 N N N Brixmor Property Group, Inc. 5299007UXW6Y0W2EGZ95 Brixmor Property Group, Inc. 11120U105 2626185.00000000 NS USD 61584038.25000000 0.665590630100 Long EC CORP US N 1 N N N Packaging Corp. of America 549300XZP8MFZFY8TJ84 Packaging Corp. of America 695156109 487926.00000000 NS USD 92598596.28000000 1.000791110745 Long EC CORP US N 1 N N N Texas Instruments, Inc. WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 515289.00000000 NS USD 89768496.69000000 0.970203838086 Long EC CORP US N 1 N N N Energizer Holdings, Inc. 5493000D6NN0V57UME20 Energizer Holdings, Inc. 29272W109 1166074.00000000 NS USD 34329218.56000000 0.371024811972 Long EC CORP US N 1 N N N Lamar Advertising Co. 529900Y8WW4MKVPTB543 Lamar Advertising Co., Class A 512816109 564764.00000000 NS USD 67438469.24000000 0.728864402367 Long EC CORP US N 1 N N N Best Buy Co., Inc. HL5XPTVRV0O8TUN5LL90 Best Buy Co., Inc. 086516101 481131.00000000 NS USD 39467175.93000000 0.426555049684 Long EC CORP 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 JPMVA.htm PART F EDGAR HTML
JPMorgan Value Advantage 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 Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited)
 
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — 97.0%
Aerospace & Defense — 2.3%
General Dynamics Corp.
285
80,382
Northrop Grumman Corp.
85
40,944
RTX Corp.
901
87,857
 
 
209,183
Air Freight & Logistics — 1.3%
FedEx Corp.
321
93,027
United Parcel Service, Inc., Class B
204
30,389
 
 
123,416
Banks — 10.5%
Bank of America Corp.
5,238
198,638
Citizens Financial Group, Inc.
1,746
63,349
Fifth Third Bancorp
613
22,801
First Citizens BancShares, Inc., Class A
53
85,988
M&T Bank Corp.
1,211
176,119
PNC Financial Services Group, Inc. (The)
595
96,147
Regions Financial Corp.
3,877
81,579
Wells Fargo & Co.
4,144
240,198
 
 
964,819
Beverages — 1.0%
Keurig Dr Pepper, Inc.
3,082
94,521
Biotechnology — 3.0%
AbbVie, Inc.
980
178,339
Regeneron Pharmaceuticals, Inc. *
66
63,683
Vertex Pharmaceuticals, Inc. *
76
31,842
 
 
273,864
Building Products — 1.7%
Carlisle Cos., Inc.
204
79,875
Fortune Brands Innovations, Inc.
874
73,999
 
 
153,874
Capital Markets — 3.2%
Charles Schwab Corp. (The)
997
72,101
Morgan Stanley
734
69,138
Northern Trust Corp.
799
71,012
State Street Corp.
1,089
84,238
 
 
296,489
Chemicals — 0.6%
Axalta Coating Systems Ltd. *
1,642
56,471
Communications Equipment — 0.4%
Cisco Systems, Inc.
724
36,120
Construction Materials — 1.4%
Martin Marietta Materials, Inc.
172
105,396
Vulcan Materials Co.
80
21,899
 
 
127,295
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Consumer Finance — 3.4%
American Express Co.
379
86,349
Capital One Financial Corp.
1,511
224,977
 
 
311,326
Consumer Staples Distribution & Retail — 0.5%
Albertsons Cos., Inc., Class A
2,207
47,325
Containers & Packaging — 2.5%
Graphic Packaging Holding Co. (a)
1,941
56,636
Packaging Corp. of America
488
92,599
Silgan Holdings, Inc.
658
31,937
WestRock Co.
996
49,285
 
 
230,457
Diversified Telecommunication Services — 0.5%
Verizon Communications, Inc.
1,202
50,430
Electric Utilities — 2.5%
Edison International
665
47,032
Entergy Corp.
247
26,121
NextEra Energy, Inc.
780
49,869
PG&E Corp.
3,908
65,488
Xcel Energy, Inc.
736
39,575
 
 
228,085
Electrical Equipment — 0.5%
Eaton Corp. plc
146
45,626
Electronic Equipment, Instruments & Components — 1.1%
CDW Corp.
145
36,958
TD SYNNEX Corp.
561
63,491
 
 
100,449
Entertainment — 0.3%
Liberty Media Corp-Liberty Live, Class C *
690
30,221
Financial Services — 4.4%
Berkshire Hathaway, Inc., Class B *
725
305,102
Corpay, Inc. *
111
34,197
MGIC Investment Corp.
2,906
64,972
 
 
404,271
Food Products — 1.6%
Kraft Heinz Co. (The)
1,936
71,454
Post Holdings, Inc. *
693
73,594
 
 
145,048
Ground Transportation — 0.9%
Union Pacific Corp.
322
79,100
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Health Care Equipment & Supplies — 1.0%
Medtronic plc
475
41,401
Zimmer Biomet Holdings, Inc.
420
55,394
 
 
96,795
Health Care Providers & Services — 6.1%
Cencora, Inc.
488
118,492
Cigna Group (The)
172
62,347
CVS Health Corp.
724
57,730
HCA Healthcare, Inc.
321
107,127
Henry Schein, Inc. *
920
69,507
Laboratory Corp. of America Holdings
300
65,551
Quest Diagnostics, Inc.
177
23,500
UnitedHealth Group, Inc.
110
54,615
 
 
558,869
Health Care REITs — 0.2%
Welltower, Inc.
197
18,434
Hotel & Resort REITs — 0.4%
Apple Hospitality REIT, Inc.
2,160
35,378
Hotels, Restaurants & Leisure — 1.5%
Booking Holdings, Inc.
13
47,137
Expedia Group, Inc. *
361
49,799
Texas Roadhouse, Inc.
240
37,003
 
 
133,939
Household Durables — 1.2%
Mohawk Industries, Inc. *
649
84,954
Newell Brands, Inc.
3,363
27,001
 
 
111,955
Household Products — 1.5%
Energizer Holdings, Inc.
1,166
34,329
Procter & Gamble Co. (The)
615
99,703
 
 
134,032
Industrial Conglomerates — 0.6%
Honeywell International, Inc.
278
57,162
Industrial REITs — 0.2%
EastGroup Properties, Inc.
97
17,369
Insurance — 6.1%
Arch Capital Group Ltd. *
359
33,138
Chubb Ltd.
244
63,304
CNA Financial Corp.
926
42,078
Fairfax Financial Holdings Ltd. (Canada) (a)
25
27,439
Loews Corp.
2,116
165,692
Progressive Corp. (The)
224
46,237
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Insurance — continued
Travelers Cos., Inc. (The)
598
137,661
WR Berkley Corp.
552
48,797
 
 
564,346
Interactive Media & Services — 1.2%
Alphabet, Inc., Class C *
171
25,954
IAC, Inc. *
1,127
60,126
Meta Platforms, Inc., Class A
55
26,755
 
 
112,835
IT Services — 0.6%
International Business Machines Corp.
278
53,160
Machinery — 1.7%
Dover Corp.
487
86,264
Middleby Corp. (The) *
202
32,521
Timken Co. (The)
482
42,168
 
 
160,953
Media — 1.6%
Liberty Broadband Corp., Class C *
508
29,101
Liberty Media Corp-Liberty SiriusXM *
2,424
72,007
Nexstar Media Group, Inc.
273
46,953
 
 
148,061
Multi-Utilities — 0.6%
Public Service Enterprise Group, Inc.
803
53,604
Oil, Gas & Consumable Fuels — 8.6%
Chevron Corp.
942
148,542
ConocoPhillips
1,404
178,667
Coterra Energy, Inc.
1,448
40,365
EOG Resources, Inc.
911
116,460
Kinder Morgan, Inc.
5,056
92,739
Phillips 66
693
113,145
Williams Cos., Inc. (The)
2,556
99,631
 
 
789,549
Personal Care Products — 0.5%
Kenvue, Inc.
2,293
49,217
Pharmaceuticals — 3.0%
Bristol-Myers Squibb Co.
2,090
113,367
Johnson & Johnson
612
96,849
Merck & Co., Inc.
535
70,535
 
 
280,751
Real Estate Management & Development — 0.5%
CBRE Group, Inc., Class A *
450
43,772
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Residential REITs — 1.7%
American Homes 4 Rent, Class A
1,705
62,708
Mid-America Apartment Communities, Inc.
725
95,430
 
 
158,138
Retail REITs — 2.6%
Brixmor Property Group, Inc.
2,626
61,584
Federal Realty Investment Trust
550
56,197
Kimco Realty Corp.
3,348
65,642
Regency Centers Corp.
1,000
60,556
 
 
243,979
Semiconductors & Semiconductor Equipment — 2.1%
Analog Devices, Inc.
204
40,372
NXP Semiconductors NV (China)
243
60,148
Texas Instruments, Inc.
515
89,769
 
 
190,289
Specialized REITs — 3.5%
Lamar Advertising Co., Class A
565
67,438
Public Storage
364
105,540
Rayonier, Inc.
1,182
39,303
Weyerhaeuser Co.
3,163
113,573
 
 
325,854
Specialty Retail — 4.2%
AutoZone, Inc. *
21
67,455
Bath & Body Works, Inc.
1,191
59,564
Best Buy Co., Inc.
481
39,467
Dick's Sporting Goods, Inc. (a)
292
65,597
Home Depot, Inc. (The)
120
45,978
Lowe's Cos., Inc.
253
64,592
Murphy USA, Inc.
109
45,531
 
 
388,184
Textiles, Apparel & Luxury Goods — 1.1%
Carter's, Inc.
604
51,169
Columbia Sportswear Co. (a)
278
22,563
Ralph Lauren Corp.
169
31,721
 
 
105,453
Tobacco — 0.7%
Philip Morris International, Inc.
743
68,097
Wireless Telecommunication Services — 0.4%
T-Mobile US, Inc.
250
40,847
Total Common Stocks
(Cost $5,437,174)
 
8,949,412
Short-Term Investments — 2.6%
Investment Companies — 2.4%
JPMorgan Prime Money Market Fund Class IM Shares, 5.43% (b) (c)
(Cost $226,820)
226,715
226,806
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Short-Term Investments — continued
Investment of Cash Collateral from Securities Loaned — 0.2%
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.48% (b) (c)
14,092
14,092
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (b) (c)
2,610
2,610
Total Investment of Cash Collateral from Securities Loaned
(Cost $16,706)
 
16,702
Total Short-Term Investments
(Cost $243,526)
 
243,508
Total Investments — 99.6%
(Cost $5,680,700)
 
9,192,920
Other Assets Less Liabilities — 0.4%
 
35,577
NET ASSETS — 100.0%
 
9,228,497
 
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 $16,606.
(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.
JPMorgan Value Advantage 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.
Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s net asset values ("NAV") per share as of the report date.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”): 
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Total Investments in Securities (a)
$9,192,920
$—
$—
$9,192,920
 
 
(a)
Please refer to the SOI for specifics of portfolio holdings.
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers.
JPMorgan Value Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended March 31, 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)
$331,127
$2,060,985
$2,165,377
$92
$(21
)
$226,806
226,715
$6,663
$—
JPMorgan Securities Lending Money Market Fund
Agency SL Class Shares, 5.48%  (a) (b)
31,993
639,000
656,906
9
(4
)
14,092
14,092
2,842
—
JPMorgan U.S. Government Money Market Fund
Class IM Shares, 5.25%  (a) (b)
44,536
414,760
456,686
—
—
2,610
2,610
440
—
Total
$407,656
$3,114,745
$3,278,969
$101
$(25
)
$243,508
 
$9,945
$—
 
 
(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.