|
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.
|
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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
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — 58.0%
|
||
|
Aerospace & Defense — 0.1%
|
||
|
L3Harris Technologies, Inc. 3.83%, 4/27/2025
|
6,807
|
6,700
|
|
Automobiles — 2.8%
|
||
|
BMW US Capital LLC (Germany) (SOFRINDX + 0.55%), 5.92%, 4/2/2026 (a) (b)
|
20,281
|
20,335
|
|
Hyundai Capital America
|
||
|
0.88%, 6/14/2024 (a)
|
8,485
|
8,472
|
|
3.40%, 6/20/2024 (a)
|
732
|
731
|
|
1.00%, 9/17/2024 (a)
|
11,976
|
11,807
|
|
5.80%, 6/26/2025 (a)
|
7,113
|
7,116
|
|
6.00%, 7/11/2025 (a)
|
10,300
|
10,329
|
|
6.25%, 11/3/2025 (a)
|
5,048
|
5,081
|
|
Kia Corp. (South Korea) 2.38%, 2/14/2025 (a)
|
22,506
|
21,985
|
|
Mercedes-Benz Finance North America LLC (Germany) 4.90%, 1/9/2026 (a)
|
23,032
|
22,920
|
|
Volkswagen Group of America Finance LLC (Germany)
|
||
|
(SOFR + 0.93%), 6.31%, 9/12/2025 (a) (b)
|
30,187
|
30,362
|
|
(SOFR + 0.83%), 6.22%, 3/20/2026 (a) (b)
|
12,344
|
12,381
|
|
|
|
151,519
|
|
Banks — 23.9%
|
||
|
Australia & New Zealand Banking Group Ltd. (Australia)
|
||
|
4.83%, 2/3/2025 (a)
|
13,170
|
13,109
|
|
(SOFR + 0.56%), 5.94%, 3/18/2026 (a) (b)
|
27,909
|
27,975
|
|
Banco Santander SA (Spain)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 5.74%, 6/30/2024 (b)
|
47,200
|
47,170
|
|
2.75%, 5/28/2025
|
5,540
|
5,381
|
|
Bank of America Corp. (3-MONTH CME TERM SOFR + 0.90%), 2.02%, 2/13/2026 (b)
|
5,000
|
4,870
|
|
Bank of Montreal (Canada)
|
||
|
(SOFRINDX + 0.47%), 5.84%, 1/10/2025 (b)
|
35,526
|
35,566
|
|
(SOFRINDX + 0.95%), 6.32%, 9/25/2025 (b)
|
14,815
|
14,911
|
|
(SOFRINDX + 1.16%), 6.54%, 12/11/2026 (b)
|
20,454
|
20,738
|
|
Bank of Nova Scotia (The) (Canada)
|
||
|
5.45%, 6/12/2025
|
75,841
|
75,750
|
|
(SOFRINDX + 1.09%), 6.47%, 6/12/2025 (b)
|
11,700
|
11,786
|
|
4.75%, 2/2/2026
|
18,495
|
18,292
|
|
Banque Federative du Credit Mutuel SA (France)
|
||
|
4.94%, 1/26/2026 (a)
|
13,749
|
13,629
|
|
5.90%, 7/13/2026 (a)
|
18,150
|
18,316
|
|
Barclays plc (United Kingdom) 3.65%, 3/16/2025
|
1,800
|
1,771
|
|
BNP Paribas SA (France) 3.38%, 1/9/2025 (a)
|
2,321
|
2,287
|
|
BPCE SA (France)
|
||
|
5.03%, 1/15/2025 (a)
|
88,080
|
87,783
|
|
(SOFR + 0.96%), 6.33%, 9/25/2025 (a) (b)
|
7,598
|
7,653
|
|
5.20%, 1/18/2027 (a)
|
4,670
|
4,656
|
|
Canadian Imperial Bank of Commerce (Canada)
|
||
|
3.30%, 4/7/2025
|
3,846
|
3,775
|
|
5.14%, 4/28/2025
|
4,950
|
4,932
|
|
Citibank NA (SOFRINDX + 0.59%), 5.93%, 4/30/2026 (b)
|
10,921
|
10,935
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Banks — continued
|
||
|
Citigroup, Inc.
|
||
|
(SOFR + 1.53%), 3.29%, 3/17/2026 (b)
|
8,113
|
7,955
|
|
(3-MONTH CME TERM SOFR + 1.51%), 6.81%, 7/1/2026 (b)
|
13,912
|
14,046
|
|
Citizens Bank NA (SOFR + 1.02%), 5.28%, 1/26/2026 (b) (c)
|
17,073
|
16,950
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Commonwealth Bank of Australia (Australia)
|
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|
(SOFR + 0.63%), 6.00%, 1/10/2025 (a) (b)
|
6,733
|
6,748
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(SOFR + 0.40%), 5.76%, 7/7/2025 (a) (b)
|
3,188
|
3,190
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|
Cooperatieve Rabobank UA (Netherlands)
|
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|
1.38%, 1/10/2025
|
9,500
|
9,262
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|
5.00%, 1/13/2025 (c)
|
12,335
|
12,298
|
|
Credit Agricole SA (France) 5.57%, 2/28/2025 (a)
|
50,273
|
50,239
|
|
DNB Bank ASA (Norway) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year
+ 0.33%), 0.86%, 9/30/2025 (a) (b)
|
2,705
|
2,661
|
|
Federation des Caisses Desjardins du Quebec (Canada) (SOFRINDX + 1.09%), 5.28%, 1/23/2026 (a) (b)
|
80,896
|
80,585
|
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HSBC Holdings plc (United Kingdom) (3-MONTH CME TERM SOFR + 1.40%), 2.63%, 11/7/2025 (b)
|
20,077
|
19,803
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ING Groep NV (Netherlands) (SOFR + 1.64%), 3.87%, 3/28/2026 (b)
|
21,606
|
21,285
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KeyBank NA (SOFRINDX + 0.32%), 5.71%, 6/14/2024 (b)
|
52,268
|
52,268
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Lloyds Banking Group plc (United Kingdom)
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|
4.45%, 5/8/2025
|
8,144
|
8,057
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(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.50%), 3.87%, 7/9/2025 (b)
|
28,136
|
28,077
|
|
Mitsubishi UFJ Financial Group, Inc. (Japan)
|
||
|
2.19%, 2/25/2025
|
3,071
|
2,996
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.55%), 0.95%, 7/19/2025 (b)
|
27,190
|
27,018
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.55%), 5.06%, 9/12/2025 (b)
|
38,461
|
38,364
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.08%), 5.72%, 2/20/2026 (b)
|
10,407
|
10,398
|
|
Mizuho Financial Group, Inc. (Japan)
|
||
|
(3-MONTH CME TERM SOFR + 1.24%), 2.84%, 7/16/2025 (b)
|
3,241
|
3,229
|
|
(3-MONTH CME TERM SOFR + 1.09%), 2.23%, 5/25/2026 (b)
|
6,439
|
6,226
|
|
Morgan Stanley Bank NA 5.48%, 7/16/2025
|
16,850
|
16,865
|
|
National Australia Bank Ltd. (Australia)
|
||
|
4.75%, 12/10/2025
|
7,125
|
7,075
|
|
(SOFR + 0.65%), 6.03%, 12/10/2025 (a) (b)
|
18,644
|
18,705
|
|
(SOFR + 0.55%), 5.90%, 1/29/2026 (a) (b)
|
14,400
|
14,417
|
|
National Bank of Canada (Canada)
|
||
|
5.25%, 1/17/2025
|
20,274
|
20,216
|
|
(SOFR + 1.01%), 3.75%, 6/9/2025 (b)
|
19,745
|
19,738
|
|
(SOFRINDX + 0.90%), 6.27%, 3/25/2027 (b)
|
45,635
|
45,731
|
|
NatWest Markets plc (United Kingdom)
|
||
|
0.80%, 8/12/2024 (a)
|
11,173
|
11,067
|
|
3.48%, 3/22/2025 (a)
|
7,370
|
7,249
|
|
(SOFR + 1.45%), 6.84%, 3/22/2025 (a) (b)
|
4,101
|
4,134
|
|
Royal Bank of Canada (Canada) (SOFRINDX + 0.44%), 5.79%, 1/21/2025 (b)
|
62,299
|
62,361
|
|
Societe Generale SA (France)
|
||
|
2.63%, 10/16/2024 (a)
|
10,263
|
10,141
|
|
2.63%, 1/22/2025 (a)
|
24,330
|
23,815
|
|
4.35%, 6/13/2025 (a)
|
5,461
|
5,397
|
|
Standard Chartered plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant
Maturity 1 Year + 0.95%), 1.82%,
11/23/2025 (a) (b)
|
2,595
|
2,543
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Banks — continued
|
||
|
Sumitomo Mitsui Financial Group, Inc. (Japan) 5.46%, 1/13/2026
|
11,188
|
11,188
|
|
Sumitomo Mitsui Trust Bank Ltd. (Japan)
|
||
|
(SOFR + 0.44%), 5.82%, 9/16/2024 (a) (b)
|
25,847
|
25,872
|
|
5.65%, 3/9/2026 (a)
|
8,335
|
8,367
|
|
Svenska Handelsbanken AB (Sweden) 5.25%, 6/15/2026 (a)
|
6,666
|
6,667
|
|
Toronto-Dominion Bank (The) (Canada) (SOFR + 0.48%), 5.85%, 10/10/2025 (b)
|
5,372
|
5,381
|
|
Wells Fargo & Co. (3-MONTH CME TERM SOFR + 1.01%), 2.16%, 2/11/2026 (b)
|
12,626
|
12,318
|
|
Wells Fargo Bank NA
|
||
|
4.81%, 1/15/2026
|
18,810
|
18,671
|
|
(SOFR + 1.07%), 6.45%, 12/11/2026 (b)
|
18,598
|
18,838
|
|
Westpac Banking Corp. (Australia) (SOFR + 0.55%), 5.90%, 1/29/2026 (a) (b)
|
54,137
|
54,276
|
|
|
|
1,283,972
|
|
Biotechnology — 0.6%
|
||
|
AbbVie, Inc. 2.60%, 11/21/2024
|
8,292
|
8,176
|
|
Amgen, Inc. 5.25%, 3/2/2025
|
23,270
|
23,214
|
|
Gilead Sciences, Inc. 3.50%, 2/1/2025
|
2,904
|
2,864
|
|
|
|
34,254
|
|
Capital Markets — 5.5%
|
||
|
Ameriprise Financial, Inc. 3.00%, 4/2/2025
|
6,474
|
6,338
|
|
Bank of New York Mellon (The) (SOFR + 0.45%), 5.84%, 3/13/2026 (b)
|
9,649
|
9,657
|
|
Bank of New York Mellon Corp. (The) (SOFR + 0.62%), 5.98%, 4/25/2025 (b)
|
3,098
|
3,108
|
|
Goldman Sachs Bank USA
|
||
|
(SOFR + 0.77%), 6.15%, 3/18/2027 (b)
|
14,228
|
14,320
|
|
(SOFR + 0.75%), 5.41%, 5/21/2027 (b)
|
17,189
|
17,137
|
|
Goldman Sachs Group, Inc. (The)
|
||
|
3.85%, 7/8/2024
|
3,134
|
3,128
|
|
(SOFR + 0.51%), 5.89%, 9/10/2024 (b)
|
30,516
|
30,528
|
|
3.50%, 4/1/2025
|
3,464
|
3,404
|
|
(SOFR + 1.07%), 6.41%, 8/10/2026 (b)
|
16,354
|
16,427
|
|
Macquarie Group Ltd. (Australia) 6.21%, 11/22/2024 (a)
|
44,955
|
45,063
|
|
Morgan Stanley
|
||
|
(SOFR + 0.51%), 5.88%, 1/22/2025 (b)
|
24,109
|
24,126
|
|
(SOFR + 1.15%), 2.72%, 7/22/2025 (b)
|
2,793
|
2,781
|
|
(SOFR + 0.56%), 1.16%, 10/21/2025 (b)
|
4,823
|
4,736
|
|
State Street Corp.
|
||
|
(SOFR + 0.94%), 2.35%, 11/1/2025 (b)
|
16,495
|
16,262
|
|
(SOFR + 2.60%), 2.90%, 3/30/2026 (b)
|
18,863
|
18,419
|
|
UBS AG (Switzerland) 3.70%, 2/21/2025
|
3,680
|
3,627
|
|
UBS Group AG (Switzerland) (US Treasury Yield Curve Rate T Note Constant Maturity
1 Year + 1.60%), 4.49%,
8/5/2025 (a) (b)
|
75,273
|
75,070
|
|
|
|
294,131
|
|
Chemicals — 0.0% ^
|
||
|
Eastman Chemical Co. 3.80%, 3/15/2025
|
2,291
|
2,260
|
|
Commercial Services & Supplies — 0.0% ^
|
||
|
Republic Services, Inc. 3.20%, 3/15/2025
|
1,288
|
1,266
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Construction Materials — 0.1%
|
||
|
CRH America, Inc. 3.88%, 5/18/2025 (a)
|
2,749
|
2,701
|
|
Consumer Finance — 4.4%
|
||
|
AerCap Ireland Capital DAC (Ireland)
|
||
|
1.65%, 10/29/2024
|
39,891
|
39,219
|
|
Series 3NC1, 1.75%, 10/29/2024
|
6,280
|
6,178
|
|
American Express Co.
|
||
|
(SOFRINDX + 0.93%), 6.32%, 3/4/2025 (b) (c)
|
18,844
|
18,933
|
|
3.95%, 8/1/2025
|
3,497
|
3,438
|
|
American Honda Finance Corp.
|
||
|
(SOFRINDX + 0.78%), 6.13%, 4/23/2025 (b)
|
3,600
|
3,612
|
|
5.00%, 5/23/2025
|
31,600
|
31,459
|
|
(SOFR + 0.60%), 5.93%, 8/14/2025 (b)
|
14,600
|
14,633
|
|
(SOFR + 0.50%), 5.87%, 10/10/2025 (b)
|
6,648
|
6,652
|
|
Avolon Holdings Funding Ltd. (Ireland) 3.95%, 7/1/2024 (a)
|
2,746
|
2,742
|
|
Capital One Financial Corp. 4.25%, 4/30/2025
|
6,111
|
6,033
|
|
Caterpillar Financial Services Corp. (SOFR + 0.45%), 5.81%, 1/6/2025 (b)
|
3,623
|
3,628
|
|
John Deere Capital Corp.
|
||
|
(SOFR + 0.48%), 5.83%, 10/22/2025 (b)
|
47,723
|
47,831
|
|
(SOFR + 0.44%), 5.83%, 3/6/2026 (b)
|
14,300
|
14,329
|
|
Toyota Motor Credit Corp.
|
||
|
3.40%, 4/14/2025
|
3,508
|
3,450
|
|
(SOFR + 0.35%), 5.68%, 4/14/2025 (b)
|
33,545
|
33,558
|
|
|
|
235,695
|
|
Consumer Staples Distribution & Retail — 0.3%
|
||
|
Dollar General Corp. 4.25%, 9/20/2024
|
17,186
|
17,103
|
|
Diversified Telecommunication Services — 0.2%
|
||
|
Telstra Corp. Ltd. (Australia) 3.13%, 4/7/2025 (a)
|
9,049
|
8,870
|
|
Electric Utilities — 3.0%
|
||
|
DTE Electric Co. 3.38%, 3/1/2025 (c)
|
6,493
|
6,381
|
|
Entergy Louisiana LLC 0.95%, 10/1/2024
|
17,858
|
17,580
|
|
Evergy, Inc. 2.45%, 9/15/2024
|
5,963
|
5,906
|
|
Eversource Energy
|
||
|
4.20%, 6/27/2024
|
15,896
|
15,878
|
|
Series L, 2.90%, 10/1/2024
|
21,995
|
21,771
|
|
Series H, 3.15%, 1/15/2025
|
5,352
|
5,267
|
|
Exelon Corp. 3.95%, 6/15/2025
|
8,660
|
8,512
|
|
Georgia Power Co. (SOFRINDX + 0.75%), 6.10%, 5/8/2025 (b)
|
21,224
|
21,302
|
|
NextEra Energy Capital Holdings, Inc.
|
||
|
6.05%, 3/1/2025
|
2,194
|
2,199
|
|
5.75%, 9/1/2025
|
24,616
|
24,658
|
|
4.95%, 1/29/2026
|
16,599
|
16,492
|
|
Tucson Electric Power Co. 3.05%, 3/15/2025
|
3,177
|
3,116
|
|
Virginia Power Fuel Securitization LLC Series A-1, 5.09%, 5/1/2027
|
12,379
|
12,310
|
|
|
|
161,372
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Financial Services — 1.2%
|
||
|
EDP Finance BV (Portugal) 3.63%, 7/15/2024 (a)
|
29,092
|
29,008
|
|
Fiserv, Inc. 2.75%, 7/1/2024
|
34,436
|
34,355
|
|
|
|
63,363
|
|
Ground Transportation — 0.2%
|
||
|
ERAC USA Finance LLC 3.80%, 11/1/2025 (a)
|
6,873
|
6,712
|
|
Penske Truck Leasing Co. LP 3.45%, 7/1/2024 (a)
|
1,347
|
1,345
|
|
|
|
8,057
|
|
Health Care Providers & Services — 1.5%
|
||
|
Cardinal Health, Inc.
|
||
|
3.08%, 6/15/2024
|
3,464
|
3,460
|
|
3.50%, 11/15/2024
|
18,300
|
18,097
|
|
Cencora, Inc. 3.25%, 3/1/2025
|
19,939
|
19,598
|
|
Cigna Group (The) 3.50%, 6/15/2024
|
6,660
|
6,654
|
|
CVS Health Corp. 5.00%, 12/1/2024
|
3,360
|
3,346
|
|
Elevance Health, Inc.
|
||
|
3.50%, 8/15/2024
|
12,704
|
12,650
|
|
2.38%, 1/15/2025
|
15,100
|
14,802
|
|
Humana, Inc. 4.50%, 4/1/2025
|
3,943
|
3,913
|
|
|
|
82,520
|
|
Health Care REITs — 0.5%
|
||
|
Ventas Realty LP
|
||
|
2.65%, 1/15/2025
|
6,605
|
6,473
|
|
3.50%, 2/1/2025
|
22,562
|
22,202
|
|
|
|
28,675
|
|
Hotels, Restaurants & Leisure — 0.1%
|
||
|
Marriott International, Inc. Series EE, 5.75%, 5/1/2025
|
2,801
|
2,802
|
|
Insurance — 5.6%
|
||
|
Chubb INA Holdings LLC 3.15%, 3/15/2025
|
7,085
|
6,958
|
|
Corebridge Global Funding
|
||
|
5.75%, 7/2/2026 (a)
|
9,329
|
9,332
|
|
(SOFR + 1.30%), 6.67%, 9/25/2026 (a) (b)
|
17,933
|
18,157
|
|
Equitable Financial Life Global Funding 0.80%, 8/12/2024 (a)
|
3,254
|
3,222
|
|
F&G Global Funding 0.90%, 9/20/2024 (a)
|
1,501
|
1,478
|
|
Jackson National Life Global Funding
|
||
|
2.65%, 6/21/2024 (a)
|
7,776
|
7,762
|
|
(SOFR + 1.15%), 6.53%, 6/28/2024 (a) (b)
|
39,120
|
39,145
|
|
1.75%, 1/12/2025 (a)
|
4,980
|
4,854
|
|
5.60%, 4/10/2026 (a)
|
12,996
|
12,933
|
|
MassMutual Global Funding II (SOFR + 0.98%), 6.35%, 7/10/2026 (a) (b)
|
35,006
|
35,341
|
|
Metropolitan Life Global Funding I (SOFRINDX + 0.57%), 5.94%, 4/9/2026 (a) (b)
|
13,962
|
13,979
|
|
New York Life Global Funding (SOFRINDX + 0.58%), 5.94%, 1/16/2026 (a) (b)
|
35,540
|
35,634
|
|
Pacific Life Global Funding II
|
||
|
(SOFR + 0.60%), 5.98%, 3/27/2026 (a) (b)
|
26,747
|
26,770
|
|
(SOFRINDX + 1.05%), 6.40%, 7/28/2026 (a) (b)
|
25,342
|
25,580
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Insurance — continued
|
||
|
Principal Life Global Funding II
|
||
|
1.38%, 1/10/2025 (a)
|
3,583
|
3,494
|
|
(SOFR + 0.90%), 6.22%, 8/28/2025 (a) (b)
|
30,547
|
30,746
|
|
5.00%, 1/16/2027 (a)
|
3,712
|
3,693
|
|
Reliance Standard Life Global Funding II
|
||
|
2.75%, 5/7/2025 (a)
|
18,423
|
17,926
|
|
5.24%, 2/2/2026 (a)
|
1,933
|
1,910
|
|
|
|
298,914
|
|
Machinery — 1.1%
|
||
|
Daimler Truck Finance North America LLC (Germany)
|
||
|
1.63%, 12/13/2024 (a)
|
6,230
|
6,099
|
|
5.20%, 1/17/2025 (a)
|
3,225
|
3,214
|
|
Otis Worldwide Corp. 2.06%, 4/5/2025
|
26,069
|
25,318
|
|
Parker-Hannifin Corp.
|
||
|
2.70%, 6/14/2024
|
3,934
|
3,930
|
|
3.65%, 6/15/2024
|
19,282
|
19,260
|
|
3.30%, 11/21/2024
|
2,615
|
2,587
|
|
|
|
60,408
|
|
Media — 0.1%
|
||
|
Omnicom Group, Inc. 3.65%, 11/1/2024
|
5,226
|
5,180
|
|
Metals & Mining — 0.1%
|
||
|
Newmont Corp. 5.30%, 3/15/2026 (a)
|
7,839
|
7,812
|
|
Multi-Utilities — 0.7%
|
||
|
Berkshire Hathaway Energy Co. 3.50%, 2/1/2025
|
6,772
|
6,677
|
|
DTE Energy Co. 4.22%, 11/1/2024 (d)
|
29,400
|
29,200
|
|
Public Service Enterprise Group, Inc. 2.88%, 6/15/2024
|
3,541
|
3,536
|
|
|
|
39,413
|
|
Oil, Gas & Consumable Fuels — 1.9%
|
||
|
Enbridge, Inc. (Canada) 2.50%, 1/15/2025
|
10,439
|
10,240
|
|
Energy Transfer LP 4.75%, 1/15/2026
|
2,274
|
2,245
|
|
Enterprise Products Operating LLC 4.60%, 1/11/2027
|
15,042
|
14,876
|
|
Marathon Petroleum Corp. 3.63%, 9/15/2024
|
11,656
|
11,576
|
|
MPLX LP 4.88%, 6/1/2025
|
2,547
|
2,526
|
|
ONEOK, Inc.
|
||
|
2.75%, 9/1/2024
|
15,643
|
15,519
|
|
3.20%, 3/15/2025
|
2,750
|
2,693
|
|
Sabine Pass Liquefaction LLC 5.63%, 3/1/2025
|
3,086
|
3,080
|
|
TransCanada PipeLines Ltd. (Canada) 1.00%, 10/12/2024
|
11,274
|
11,081
|
|
Williams Cos., Inc. (The)
|
||
|
4.55%, 6/24/2024
|
15,674
|
15,660
|
|
3.90%, 1/15/2025
|
13,572
|
13,427
|
|
|
|
102,923
|
|
Pharmaceuticals — 0.2%
|
||
|
Bristol-Myers Squibb Co. (SOFR + 0.49%), 5.82%, 2/20/2026 (b)
|
8,711
|
8,748
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Retail REITs — 0.3%
|
||
|
Kimco Realty OP LLC 3.30%, 2/1/2025
|
15,989
|
15,748
|
|
Semiconductors & Semiconductor Equipment — 0.6%
|
||
|
Microchip Technology, Inc.
|
||
|
0.98%, 9/1/2024
|
20,325
|
20,077
|
|
4.25%, 9/1/2025
|
8,820
|
8,680
|
|
NXP BV (China) 2.70%, 5/1/2025
|
1,654
|
1,609
|
|
|
|
30,366
|
|
Software — 0.7%
|
||
|
Oracle Corp.
|
||
|
3.40%, 7/8/2024
|
2,264
|
2,259
|
|
2.50%, 4/1/2025
|
29,418
|
28,659
|
|
Roper Technologies, Inc. 2.35%, 9/15/2024
|
4,923
|
4,877
|
|
|
|
35,795
|
|
Specialized REITs — 0.3%
|
||
|
Public Storage Operating Co. (SOFRINDX + 0.60%), 5.96%, 7/25/2025 (b)
|
17,323
|
17,370
|
|
Specialty Retail — 0.3%
|
||
|
AutoZone, Inc. 3.63%, 4/15/2025
|
16,567
|
16,286
|
|
Technology Hardware, Storage & Peripherals — 0.8%
|
||
|
Dell International LLC 4.00%, 7/15/2024
|
16,724
|
16,690
|
|
Hewlett Packard Enterprise Co. 5.90%, 10/1/2024
|
26,826
|
26,830
|
|
|
|
43,520
|
|
Tobacco — 0.6%
|
||
|
BAT Capital Corp. (United Kingdom)
|
||
|
3.22%, 8/15/2024
|
6,612
|
6,577
|
|
2.79%, 9/6/2024
|
25,207
|
25,004
|
|
|
|
31,581
|
|
Wireless Telecommunication Services — 0.3%
|
||
|
T-Mobile USA, Inc. 3.50%, 4/15/2025
|
17,841
|
17,505
|
|
Total Corporate Bonds
(Cost $3,113,901)
|
|
3,116,829
|
|
Asset-Backed Securities — 12.6%
|
||
|
Ally Auto Receivables Trust
|
|
|
|
Series 2022-1, Class A3, 3.31%, 11/15/2026
|
1,182
|
1,167
|
|
Series 2024-1, Class A2, 5.32%, 1/15/2027
|
16,961
|
16,928
|
|
Series 2022-3, Class A3, 5.07%, 4/15/2027
|
28,240
|
28,139
|
|
Series 2023-A, Class A2, 6.15%, 1/17/2034 (a)
|
555
|
555
|
|
American Express Credit Account Master Trust
|
|
|
|
Series 2021-1, Class A, 0.90%, 11/15/2026
|
10,000
|
9,788
|
|
Series 2022-2, Class A, 3.39%, 5/15/2027
|
28,844
|
28,280
|
|
Series 2022-3, Class A, 3.75%, 8/15/2027
|
28,816
|
28,253
|
|
AmeriCredit Automobile Receivables Trust Series 2022-2, Class A3, 4.38%, 4/18/2028
|
2,779
|
2,757
|
|
Amur Equipment Finance Receivables LLC Series 2022-1A, Class A2, 1.64%, 10/20/2027 (a)
|
4,100
|
4,016
|
|
Bank of America Auto Trust Series 2023-2A, Class A2, 5.85%, 8/17/2026 (a)
|
16,610
|
16,624
|
|
BMW Vehicle Lease Trust Series 2023-2, Class A3, 5.99%, 9/25/2026
|
17,533
|
17,621
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
BMW Vehicle Owner Trust Series 2023-A, Class A2A, 5.72%, 4/27/2026
|
8,298
|
8,301
|
|
BofA Auto Trust Series 2024-1A, Class A2, 5.57%, 12/15/2026 (a)
|
17,136
|
17,129
|
|
Capital One Prime Auto Receivables Trust
|
|
|
|
Series 2021-1, Class A3, 0.77%, 9/15/2026
|
3,514
|
3,421
|
|
Series 2022-2, Class A3, 3.66%, 5/17/2027
|
4,497
|
4,421
|
|
Chesapeake Funding LLC (Canada) Series 2023-2A, Class A1, 6.16%, 10/15/2035 (a)
|
12,181
|
12,251
|
|
Citibank Credit Card Issuance Trust Series 2023-A2, Class A2, 5.98%, 12/8/2027 (e)
|
11,413
|
11,452
|
|
CNH Equipment Trust
|
|
|
|
Series 2022-A, Class A3, 2.94%, 7/15/2027
|
1,510
|
1,475
|
|
Series 2024-A, Class A2, 5.19%, 7/15/2027
|
9,557
|
9,522
|
|
Series 2022-B, Class A3, 3.89%, 8/16/2027
|
8,934
|
8,781
|
|
Dell Equipment Finance Trust
|
|
|
|
Series 2023-1, Class A3, 5.65%, 9/22/2028 (a)
|
6,595
|
6,600
|
|
Series 2023-3, Class A2, 6.10%, 4/23/2029 (a)
|
12,048
|
12,065
|
|
Series 2024-1, Class A2, 5.58%, 3/22/2030 (a)
|
8,539
|
8,545
|
|
DLLAA LLC Series 2023-1A, Class A2, 5.93%, 7/20/2026 (a)
|
17,927
|
17,945
|
|
Dllad LLC Series 2024-1A, Class A2, 5.50%, 8/20/2027 (a)
|
3,434
|
3,432
|
|
Enterprise Fleet Financing LLC Series 2023-2, Class A2, 5.56%, 4/22/2030 (a)
|
3,519
|
3,513
|
|
Enterprise Fleet Funding LLC Series 2021-1, Class A3, 0.70%, 12/21/2026 (a)
|
287
|
282
|
|
Ford Credit Auto Lease Trust Series 2023-A, Class A2A, 5.19%, 6/15/2025
|
68
|
68
|
|
Ford Credit Auto Owner Trust
|
|
|
|
Series 2023-B, Class A2A, 5.57%, 6/15/2026
|
1,305
|
1,305
|
|
Series 2020-C, Class A4, 0.51%, 8/15/2026
|
3,605
|
3,530
|
|
GM Financial Automobile Leasing Trust
|
|
|
|
Series 2023-1, Class A2A, 5.27%, 6/20/2025
|
1,162
|
1,161
|
|
Series 2024-2, Class A2A, 5.43%, 9/21/2026
|
17,611
|
17,604
|
|
GM Financial Consumer Automobile Receivables Trust
|
|
|
|
Series 2023-3, Class A2A, 5.74%, 9/16/2026
|
7,540
|
7,542
|
|
Series 2022-1, Class A3, 1.26%, 11/16/2026
|
21,100
|
20,643
|
|
Series 2022-2, Class A3, 3.10%, 2/16/2027
|
3,505
|
3,451
|
|
Series 2024-1, Class A2A, 5.12%, 2/16/2027
|
9,128
|
9,101
|
|
Series 2024-2, Class A2A, 5.33%, 3/16/2027
|
6,328
|
6,316
|
|
Honda Auto Receivables Owner Trust
|
|
|
|
Series 2023-1, Class A2, 5.22%, 10/21/2025
|
10,195
|
10,183
|
|
Series 2021-4, Class A3, 0.88%, 1/21/2026
|
4,898
|
4,792
|
|
Series 2022-2, Class A3, 3.73%, 7/20/2026
|
11,012
|
10,876
|
|
Series 2024-1, Class A2, 5.36%, 9/15/2026
|
49,306
|
49,233
|
|
Hpefs Equipment Trust Series 2022-2A, Class A3, 3.76%, 9/20/2029 (a)
|
1,979
|
1,966
|
|
HPEFS Equipment Trust Series 2023-2A, Class A3, 5.99%, 1/21/2031 (a)
|
1,650
|
1,658
|
|
Hyundai Auto Lease Securitization Trust Series 2023-A, Class A2A, 5.20%, 4/15/2025 (a)
|
1,983
|
1,982
|
|
Hyundai Auto Receivables Trust
|
|
|
|
Series 2021-C, Class A3, 0.74%, 5/15/2026
|
6,664
|
6,539
|
|
Series 2023-B, Class A2A, 5.77%, 5/15/2026
|
14,338
|
14,346
|
|
Series 2022-B, Class A3, 3.72%, 11/16/2026
|
4,996
|
4,934
|
|
Series 2024-A, Class A2A, 5.29%, 4/15/2027
|
7,505
|
7,491
|
|
John Deere Owner Trust
|
|
|
|
Series 2023-B, Class A2, 5.59%, 6/15/2026
|
14,804
|
14,797
|
|
Series 2024-A, Class A2A, 5.19%, 2/16/2027
|
12,530
|
12,497
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
Series 2022-C, Class A3, 5.09%, 6/15/2027
|
8,492
|
8,457
|
|
Mercedes-Benz Auto Lease Trust Series 2023-A, Class A3, 4.74%, 1/15/2027
|
5,690
|
5,645
|
|
Mercedes-Benz Auto Receivables Trust Series 2023-1, Class A2, 5.09%, 1/15/2026
|
2,993
|
2,991
|
|
Nissan Auto Receivables Owner Trust Series 2022-B, Class A2, 4.50%, 8/15/2025
|
1,740
|
1,739
|
|
Porsche Financial Auto Securitization Trust
|
|
|
|
Series 2023-2A, Class A2A, 5.88%, 11/23/2026 (a)
|
8,133
|
8,142
|
|
Series 2023-1A, Class A2, 5.42%, 12/22/2026 (a)
|
5,720
|
5,716
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
Series 2023-2, Class A3, 5.21%, 7/15/2027
|
2,832
|
2,824
|
|
Series 2023-3, Class A3, 5.61%, 10/15/2027
|
4,091
|
4,087
|
|
SBNA Auto Lease Trust Series 2024-B, Class A2, 5.67%, 11/20/2026 (a)
|
8,747
|
8,752
|
|
Tesla Auto Lease Trust
|
|
|
|
Series 2023-A, Class A2, 5.86%, 8/20/2025 (a)
|
20,432
|
20,442
|
|
Series 2024-A, Class A2A, 5.37%, 6/22/2026 (a)
|
9,709
|
9,686
|
|
Toyota Auto Receivables Owner Trust
|
|
|
|
Series 2021-B, Class A3, 0.26%, 11/17/2025
|
1,310
|
1,295
|
|
Series 2023-A, Class A2, 5.05%, 1/15/2026
|
4,151
|
4,145
|
|
Series 2023-C, Class A2A, 5.60%, 8/17/2026
|
8,591
|
8,590
|
|
Series 2022-B, Class A3, 2.93%, 9/15/2026
|
3,645
|
3,584
|
|
Series 2022-C, Class A3, 3.76%, 4/15/2027
|
11,331
|
11,156
|
|
Verizon Master Trust
|
|
|
|
Series 2022-7, Class A1A, 5.23%, 11/22/2027
|
6,667
|
6,653
|
|
Series 2021-2, Class A, 0.99%, 4/20/2028
|
4,863
|
4,776
|
|
Series 2024-1, Class A1A, 5.00%, 12/20/2028
|
13,122
|
13,048
|
|
Volkswagen Auto Loan Enhanced Trust
|
|
|
|
Series 2023-1, Class A2A, 5.50%, 12/21/2026
|
14,647
|
14,632
|
|
Series 2023-2, Class A2A, 5.72%, 3/22/2027
|
25,192
|
25,205
|
|
World Omni Auto Receivables Trust Series 2024-A, Class A2A, 5.05%, 4/15/2027
|
10,922
|
10,886
|
|
Total Asset-Backed Securities
(Cost $677,610)
|
|
677,729
|
|
U.S. Treasury Obligations — 3.2%
|
||
|
U.S. Treasury Notes
|
|
|
|
4.25%, 1/31/2026
|
23,400
|
23,131
|
|
4.88%, 4/30/2026
|
61,900
|
61,878
|
|
4.63%, 11/15/2026
|
52,500
|
52,332
|
|
4.13%, 2/15/2027
|
36,900
|
36,355
|
|
Total U.S. Treasury Obligations
(Cost $174,767)
|
|
173,696
|
|
Short-Term Investments — 25.9%
|
||
|
Certificates of Deposits — 8.9%
|
||
|
BNP Paribas SA (France)
|
|
|
|
5.95%, 9/12/2024
|
38,348
|
38,381
|
|
5.34%, 10/8/2024
|
34,253
|
34,228
|
|
5.15%, 12/31/2024
|
11,089
|
11,062
|
|
Cooperatieve Rabobank UA (Netherlands)
|
|
|
|
5.95%, 9/12/2024
|
31,539
|
31,565
|
|
5.39%, 4/8/2025
|
25,909
|
25,872
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Short-Term Investments — continued
|
||
|
Certificates of Deposits — continued
|
||
|
Credit Industriel et Commercial (France) , 5.60%, 4/29/2025
|
22,919
|
22,937
|
|
First Abu Dhabi Bank USA NV (SOFR + 0.27%), 5.60%, 11/7/2024 (b)
|
25,113
|
25,121
|
|
Mitsubishi UFJ Trust & Banking Corp. (Japan) (SOFR + 0.39%), 5.72%, 4/3/2025 (b)
|
5,511
|
5,514
|
|
National Australia Bank Ltd. (Australia) (SOFR + 0.52%), 5.85%, 10/16/2024 (b)
|
10,321
|
10,334
|
|
Nordea Bank Abp (Finland) (SOFR + 0.30%), 5.63%, 3/21/2025 (b)
|
38,780
|
38,797
|
|
Northern Trust Co. (The) , 5.40%, 9/20/2024
|
69,319
|
69,291
|
|
Skandinaviska Enskilda Banken AB (Sweden)
|
|
|
|
(SOFR + 0.30%), 5.63%, 3/7/2025 (b)
|
10,480
|
10,482
|
|
5.38%, 3/19/2025
|
20,216
|
20,181
|
|
Sumitomo Mitsui Banking Corp. (Japan)
|
|
|
|
(SOFR + 0.72%), 6.05%, 8/7/2024 (b)
|
4,654
|
4,659
|
|
(SOFR + 0.34%), 5.67%, 3/18/2025 (b)
|
22,480
|
22,486
|
|
Svenska Handelsbanken AB (Sweden)
|
|
|
|
(SOFR + 0.23%), 5.56%, 10/31/2024 (b)
|
6,087
|
6,088
|
|
(SOFR + 0.35%), 5.68%, 1/23/2025 (b)
|
12,475
|
12,484
|
|
(SOFR + 0.28%), 5.61%, 2/26/2025 (b)
|
35,199
|
35,202
|
|
5.39%, 3/19/2025
|
20,310
|
20,281
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
|
|
6.00%, 9/20/2024
|
3,418
|
3,421
|
|
5.33%, 3/18/2025
|
17,611
|
17,578
|
|
Westpac Banking Corp. (Australia) , 5.40%, 4/9/2025
|
11,328
|
11,319
|
|
Total Certificates of Deposit
(Cost $477,331)
|
|
477,283
|
|
Commercial Paper — 13.9%
|
||
|
ABN AMRO Funding USA LLC (Netherlands) 5.47%, 10/1/2024 (a) (f)
|
4,934
|
4,843
|
|
American Electric Power Co., Inc. 5.70%, 9/23/2024 (a) (f)
|
22,216
|
21,818
|
|
Banco Santander SA (Spain) 5.27%, 10/11/2024 (a)
|
15,000
|
14,700
|
|
Bank of New York Mellon (The) (SOFR + 0.35%), 5.68%, 5/9/2025 (b)
|
18,823
|
18,826
|
|
BofA Securities, Inc. 5.56%, 5/29/2025
|
40,354
|
38,205
|
|
Brookfield Corporate Treasury Ltd. (Canada)
|
|
|
|
5.85%, 6/25/2024 (a) (f)
|
14,016
|
13,961
|
|
5.90%, 6/28/2024 (a) (f)
|
29,651
|
29,520
|
|
Citigroup Global Markets, Inc. 6.01%, 9/19/2024 (a) (f)
|
14,073
|
13,836
|
|
CNH Industrial Capital LLC 5.77%, 11/4/2024 (a)
|
8,635
|
8,418
|
|
Credit Agricole Corporate and Investment Bank (France) 5.30%, 10/4/2024 (f)
|
44,229
|
43,408
|
|
Credit Industriel et Commercial (France) 5.17%, 2/6/2025 (a) (f)
|
14,629
|
14,071
|
|
CRH America Finance, Inc. 6.01%, 6/18/2024 (a)
|
5,194
|
5,180
|
|
DNB Bank ASA (Norway)
|
|
|
|
5.14%, 2/7/2025 (a) (f)
|
39,400
|
37,952
|
|
5.49%, 5/29/2025 (a)
|
39,367
|
37,305
|
|
Eidp, Inc. 5.72%, 12/13/2024 (a) (f)
|
7,298
|
7,082
|
|
Enel Finance America LLC (Italy)
|
|
|
|
5.72%, 11/4/2024 (a)
|
9,640
|
9,405
|
|
5.73%, 11/18/2024 (a)
|
12,191
|
11,867
|
|
First Abu Dhabi Bank PJSC (United Arab Emirates)
|
|
|
|
5.33%, 10/8/2024 (a) (f)
|
53,234
|
52,191
|
|
5.56%, 2/28/2025 (a) (f)
|
3,200
|
3,072
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Short-Term Investments — continued
|
||
|
Commercial Paper — continued
|
||
|
General Motors Financial Co. Inc
|
|
|
|
5.99%, 6/3/2024 (a)
|
6,926
|
6,923
|
|
5.70%, 11/27/2024 (a)
|
9,996
|
9,712
|
|
Glencore Funding LLC (Australia)
|
|
|
|
5.74%, 7/8/2024 (a) (f)
|
7,416
|
7,371
|
|
5.76%, 8/30/2024 (a)
|
29,400
|
28,985
|
|
Henkel Corp. (Germany) 5.45%, 10/18/2024 (a) (f)
|
4,353
|
4,263
|
|
Henkel of America, Inc. (Germany)
|
|
|
|
5.46%, 9/30/2024 (a)
|
39,193
|
38,488
|
|
5.47%, 11/26/2024 (a)
|
9,606
|
9,353
|
|
HSBC USA, Inc.
|
|
|
|
6.50%, 8/1/2024 (a) (f)
|
7,857
|
7,783
|
|
6.51%, 9/27/2024 (a) (f)
|
7,400
|
7,265
|
|
6.25%, 11/27/2024 (a) (f)
|
24,000
|
23,342
|
|
5.92%, 5/20/2025 (a)
|
12,473
|
11,816
|
|
L3Harris Technologies, Inc. 6.32%, 8/27/2024 (a) (f)
|
9,401
|
9,273
|
|
Lloyds Bank plc (United Kingdom) 5.34%, 2/12/2025 (a)
|
36,157
|
34,786
|
|
LVMH Moet Hennessy Louis Vuitton SE (France)
|
|
|
|
5.42%, 1/3/2025 (a)
|
4,931
|
4,775
|
|
5.41%, 1/21/2025 (a) (f)
|
11,155
|
10,773
|
|
5.38%, 3/17/2025 (a)
|
8,989
|
8,613
|
|
LVMH Moet Hennessy Louis Vuitton, Inc. (France) 5.88%, 9/17/2024 (a) (f)
|
18,602
|
18,302
|
|
Macquarie Bank Ltd (Australia) 5.43%, 10/22/2024 (a)
|
12,898
|
12,616
|
|
Macquarie Bank Ltd. (Australia) 5.77%, 11/20/2024 (a)
|
6,000
|
5,844
|
|
National Australia Bank Ltd. (Australia) (SOFR + 0.35%), 5.68%, 4/9/2025 (a) (b)
|
16,402
|
16,406
|
|
NatWest Markets plc (United Kingdom) 5.31%, 10/23/2024 (a)
|
29,569
|
28,937
|
|
Podium Funding Trust (Canada) (SOFR + 0.26%), 5.59%, 12/6/2024 (b)
|
15,000
|
14,999
|
|
Skandinaviska Enskilda Banken AB (Sweden) 5.53%, 4/23/2025 (a) (f)
|
7,908
|
7,531
|
|
Societe Generale SA (France)
|
|
|
|
5.21%, 2/7/2025 (a) (f)
|
11,754
|
11,317
|
|
5.54%, 5/29/2025 (a)
|
13,705
|
12,980
|
|
Telstra Group Ltd. (Australia) 6.14%, 9/6/2024 (a) (f)
|
7,750
|
7,631
|
|
Westpac Banking Corp. (Australia) (SOFR + 0.55%), 5.88%, 11/1/2024 (a) (b)
|
2,300
|
2,304
|
|
Total Commercial Paper
(Cost $748,440)
|
|
748,048
|
|
|
SHARES
(000)
|
|
|
Investment Companies — 1.7%
|
||
|
JPMorgan Prime Money Market Fund Class Institutional Shares, 5.31% (g) (h)
(Cost $91,038)
|
91,044
|
91,062
|
|
Investment of Cash Collateral from Securities Loaned — 0.0% ^
|
||
|
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.47% (g) (h)
|
500
|
500
|
|
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (g) (h)
|
480
|
480
|
|
Total Investment of Cash Collateral from Securities Loaned
(Cost $980)
|
|
980
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Repurchase Agreements — 1.1%
|
||
|
Wells Fargo Securities LLC, 5.78%, dated 5/31/2024, due 9/06/2024, repurchase price
$60,944, collateralized by
Collateralized Mortgage Obligations, 0.21% - 10.75%, due 7/16/2035 - 1/25/2064, with
the value of $66,652.
(Cost $60,000)
|
60,000
|
60,000
|
|
U.S. Treasury Obligations — 0.3%
|
||
|
U.S. Treasury Bills, 5.16%, 3/20/2025 (f)
(Cost $13,346)
|
13,900
|
13,342
|
|
Total Short-Term Investments
(Cost $1,391,135)
|
|
1,390,715
|
|
Total Investments — 99.7%
(Cost $5,357,413)
|
|
5,358,969
|
|
Other Assets Less Liabilities — 0.3%
|
|
13,558
|
|
NET ASSETS — 100.0%
|
|
5,372,527
|
|
Percentages indicated are based on net assets.
|
|
Abbreviations
|
|
|
CME
|
Chicago Mercantile Exchange
|
|
PJSC
|
Public Joint Stock Company
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
SOFRINDX
|
Compounding index of the Secured Overnight Financing Rate
|
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
|
(a)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
|
(b)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of May 31, 2024.
|
|
|
(c)
|
The security or a portion of this security is on loan at May 31, 2024. The total value
of securities on loan at May 31, 2024 is $951.
|
|
|
(d)
|
Step bond. Interest rate is a fixed rate for an initial period that either resets
at a specific date or may reset in the future contingent upon a
predetermined trigger. The interest rate shown is the current rate as of May 31, 2024.
|
|
|
(e)
|
Variable or floating rate security, the interest rate of which adjusts periodically
based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the current rate as of
May 31, 2024.
|
|
|
(f)
|
The rate shown is the effective yield as of May 31, 2024.
|
|
|
(g)
|
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.
|
|
|
(h)
|
The rate shown is the current yield as of May 31, 2024.
|
|
|
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$—
|
$677,729
|
$—
|
$677,729
|
|
Corporate Bonds
|
—
|
3,116,829
|
—
|
3,116,829
|
|
U.S. Treasury Obligations
|
—
|
173,696
|
—
|
173,696
|
|
Short-Term Investments
|
|
|
|
|
|
Certificates of Deposits
|
—
|
477,283
|
—
|
477,283
|
|
Commercial Paper
|
—
|
748,048
|
—
|
748,048
|
|
Investment Companies
|
91,062
|
—
|
—
|
91,062
|
|
Investment of Cash Collateral from Securities Loaned
|
980
|
—
|
—
|
980
|
|
Repurchase Agreements
|
—
|
60,000
|
—
|
60,000
|
|
U.S. Treasury Obligations
|
—
|
13,342
|
—
|
13,342
|
|
Total Short-Term Investments
|
92,042
|
1,298,673
|
—
|
1,390,715
|
|
Total Investments in Securities
|
$92,042
|
$5,266,927
|
$—
|
$5,358,969
|
|
|
|||||||||
|
For the period ended May 31, 2024
|
|||||||||
|
Security Description
|
Value at
February 29,
2024
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
May 31,
2024
|
Shares at
May 31,
2024
|
Dividend
Income
|
Capital Gain
Distributions
|
|
JPMorgan Prime Money Market Fund
Class Institutional Shares, 5.31% (a) (b)
|
$40,000
|
$1,726,915
|
$1,675,769
|
$(74
)
|
$(10
)
|
$91,062
|
91,044
|
$2,105
|
$—
|
|
JPMorgan Securities Lending Money Market Fund
Agency SL Class Shares, 5.47% (a) (b)
|
2,000
|
3,000
|
4,500
|
—
(c)
|
—
(c)
|
500
|
500
|
12
|
—
|
|
JPMorgan U.S. Government Money Market Fund
Class IM Shares, 5.26% (a) (b)
|
390
|
8,479
|
8,389
|
—
|
—
|
480
|
480
|
7
|
—
|
|
Total
|
$42,390
|
$1,738,394
|
$1,688,658
|
$(74
)
|
$(10
)
|
$92,042
|
|
$2,124
|
$—
|
|
|
|
|
(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 May 31, 2024.
|
|
(c)
|
Amount rounds to less than one thousand.
|