|
THE “UNAUDITED EXCHANGE-TRADED 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.
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — 85.4%
|
||
|
Azerbaijan — 0.2%
|
||
|
Republic of Azerbaijan
|
|
|
|
3.50%, 9/1/2032 (a)
|
1,447,000
|
1,219,850
|
|
3.50%, 9/1/2032 (b)
|
1,000
|
843
|
|
|
|
1,220,693
|
|
Bahrain — 4.3%
|
||
|
CBB International Sukuk Co. 7 SPC 6.88%, 10/5/2025 (a)
|
1,758,000
|
1,774,472
|
|
CBB International Sukuk Programme Co. SPC
|
|
|
|
4.50%, 3/30/2027 (a)
|
1,200,000
|
1,152,900
|
|
3.95%, 9/16/2027 (a)
|
1,815,000
|
1,711,962
|
|
Kingdom of Bahrain
|
|
|
|
7.00%, 1/26/2026 (a)
|
1,164,000
|
1,173,696
|
|
7.00%, 10/12/2028 (a)
|
2,689,000
|
2,768,971
|
|
7.00%, 10/12/2028 (b)
|
202,000
|
208,008
|
|
6.75%, 9/20/2029 (a)
|
3,307,000
|
3,349,858
|
|
7.38%, 5/14/2030 (a)
|
847,000
|
882,659
|
|
5.63%, 9/30/2031 (a)
|
3,406,000
|
3,207,192
|
|
5.45%, 9/16/2032 (a)
|
3,935,000
|
3,624,961
|
|
5.25%, 1/25/2033 (a)
|
2,382,000
|
2,132,105
|
|
5.63%, 5/18/2034 (a)
|
3,203,000
|
2,895,192
|
|
6.00%, 9/19/2044 (a)
|
900,000
|
743,139
|
|
|
|
25,625,115
|
|
Brazil — 5.5%
|
||
|
Federative Republic of Brazil
|
|
|
|
2.88%, 6/6/2025
|
484,000
|
469,340
|
|
6.00%, 4/7/2026
|
2,736,000
|
2,747,520
|
|
4.63%, 1/13/2028
|
877,000
|
845,428
|
|
4.50%, 5/30/2029
|
4,461,000
|
4,173,265
|
|
3.88%, 6/12/2030
|
6,186,000
|
5,459,145
|
|
6.00%, 10/20/2033
|
5,073,000
|
4,903,054
|
|
8.25%, 1/20/2034
|
1,978,000
|
2,258,876
|
|
5.00%, 1/27/2045
|
3,541,000
|
2,726,570
|
|
5.63%, 2/21/2047
|
3,501,000
|
2,902,329
|
|
4.75%, 1/14/2050
|
8,188,000
|
5,895,360
|
|
7.13%, 5/13/2054
|
637,000
|
622,031
|
|
|
|
33,002,918
|
|
Chile — 1.9%
|
||
|
Republic of Chile
|
|
|
|
3.24%, 2/6/2028
|
1,653,000
|
1,542,456
|
|
2.55%, 1/27/2032
|
1,883,000
|
1,569,363
|
|
2.55%, 7/27/2033
|
4,386,000
|
3,527,989
|
|
3.50%, 1/31/2034
|
300,000
|
258,562
|
|
4.95%, 1/5/2036
|
608,000
|
578,930
|
|
3.10%, 5/7/2041
|
3,633,000
|
2,637,331
|
|
3.25%, 9/21/2071
|
2,113,000
|
1,289,590
|
|
|
|
11,404,221
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
China — 1.1%
|
||
|
Export-Import Bank of China (The) 2.88%, 4/26/2026 (a)
|
1,813,000
|
1,740,480
|
|
People's Republic of China
|
|
|
|
1.25%, 10/26/2026 (a)
|
1,711,000
|
1,572,221
|
|
2.63%, 11/2/2027 (a)
|
2,806,000
|
2,636,763
|
|
3.50%, 10/19/2028 (a)
|
776,000
|
744,882
|
|
|
|
6,694,346
|
|
Colombia — 4.3%
|
||
|
Republic of Colombia
|
|
|
|
4.50%, 3/15/2029
|
1,764,000
|
1,595,538
|
|
3.00%, 1/30/2030
|
4,075,000
|
3,304,825
|
|
3.13%, 4/15/2031
|
1,709,000
|
1,337,293
|
|
3.25%, 4/22/2032
|
5,809,000
|
4,417,744
|
|
8.00%, 4/20/2033
|
200,000
|
205,900
|
|
7.38%, 9/18/2037
|
4,994,000
|
4,819,210
|
|
6.13%, 1/18/2041
|
3,479,000
|
2,892,788
|
|
4.13%, 2/22/2042
|
2,861,000
|
1,865,372
|
|
5.63%, 2/26/2044
|
1,086,000
|
828,075
|
|
5.00%, 6/15/2045
|
2,039,000
|
1,427,300
|
|
5.20%, 5/15/2049
|
3,285,000
|
2,296,215
|
|
8.75%, 11/14/2053
|
439,000
|
458,975
|
|
3.88%, 2/15/2061
|
315,000
|
172,463
|
|
|
|
25,621,698
|
|
Costa Rica — 1.5%
|
||
|
Republic of Costa Rica
|
|
|
|
6.13%, 2/19/2031 (a)
|
2,051,000
|
2,052,025
|
|
6.55%, 4/3/2034 (a)
|
200,000
|
204,500
|
|
7.00%, 4/4/2044 (a)
|
2,123,000
|
2,156,968
|
|
7.16%, 3/12/2045 (a)
|
2,955,000
|
3,076,894
|
|
7.30%, 11/13/2054 (a)
|
1,404,000
|
1,469,374
|
|
|
|
8,959,761
|
|
Dominican Republic — 4.4%
|
||
|
Dominican Republic Government Bond
|
|
|
|
6.88%, 1/29/2026 (a)
|
1,899,000
|
1,921,551
|
|
5.95%, 1/25/2027 (a)
|
1,971,000
|
1,956,833
|
|
6.00%, 7/19/2028 (a)
|
2,763,000
|
2,742,277
|
|
4.50%, 1/30/2030 (a)
|
5,467,000
|
4,953,102
|
|
4.88%, 9/23/2032 (a)
|
2,322,000
|
2,071,224
|
|
6.00%, 2/22/2033 (a)
|
1,242,000
|
1,202,411
|
|
5.30%, 1/21/2041 (a)
|
3,102,000
|
2,626,037
|
|
7.45%, 4/30/2044 (b)
|
109,000
|
113,633
|
|
6.85%, 1/27/2045 (a)
|
787,000
|
772,982
|
|
6.40%, 6/5/2049 (b)
|
2,968,000
|
2,768,587
|
|
6.40%, 6/5/2049 (a)
|
1,304,000
|
1,216,388
|
|
5.88%, 1/30/2060 (a)
|
5,002,000
|
4,216,686
|
|
|
|
26,561,711
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Egypt — 1.2%
|
||
|
Arab Republic of Egypt
|
|
|
|
5.88%, 6/11/2025 (a)
|
533,000
|
523,939
|
|
6.59%, 2/21/2028 (a)
|
234,000
|
217,569
|
|
7.60%, 3/1/2029 (a)
|
1,379,000
|
1,283,849
|
|
7.05%, 1/15/2032 (a)
|
2,103,000
|
1,750,747
|
|
7.63%, 5/29/2032 (a)
|
249,000
|
212,957
|
|
8.70%, 3/1/2049 (a)
|
3,180,000
|
2,527,369
|
|
8.88%, 5/29/2050 (a)
|
303,000
|
244,751
|
|
Egyptian Financial Co. for Sovereign Taskeek (The) 10.88%, 2/28/2026 (a)
|
602,000
|
624,575
|
|
|
|
7,385,756
|
|
Guatemala — 0.5%
|
||
|
Republic of Guatemala
|
|
|
|
6.60%, 6/13/2036 (a)
|
1,033,000
|
1,034,937
|
|
6.13%, 6/1/2050 (a)
|
2,176,000
|
1,964,520
|
|
|
|
2,999,457
|
|
Hungary — 2.0%
|
||
|
Hungary Government Bond
|
|
|
|
6.13%, 5/22/2028 (a)
|
1,394,000
|
1,419,580
|
|
5.25%, 6/16/2029 (a)
|
3,168,000
|
3,096,245
|
|
2.13%, 9/22/2031 (a)
|
332,000
|
260,872
|
|
6.25%, 9/22/2032 (a)
|
700,000
|
716,093
|
|
5.50%, 6/16/2034 (a)
|
344,000
|
332,025
|
|
5.50%, 3/26/2036 (a)
|
893,000
|
850,449
|
|
7.63%, 3/29/2041
|
2,434,000
|
2,745,625
|
|
3.13%, 9/21/2051 (a)
|
1,024,000
|
636,631
|
|
6.75%, 9/25/2052 (a)
|
1,364,000
|
1,448,664
|
|
Magyar Export-Import Bank Zrt. 6.13%, 12/4/2027 (a)
|
764,000
|
768,064
|
|
|
|
12,274,248
|
|
India — 0.5%
|
||
|
Export-Import Bank of India
|
|
|
|
3.88%, 2/1/2028 (a)
|
200,000
|
190,250
|
|
3.25%, 1/15/2030 (a)
|
589,000
|
527,061
|
|
2.25%, 1/13/2031 (a)
|
1,724,000
|
1,415,835
|
|
5.50%, 1/18/2033 (a)
|
798,000
|
799,745
|
|
|
|
2,932,891
|
|
Indonesia — 3.4%
|
||
|
Perusahaan Penerbit SBSN Indonesia III
|
|
|
|
4.33%, 5/28/2025 (a)
|
578,000
|
571,527
|
|
4.55%, 3/29/2026 (a)
|
1,013,000
|
1,000,449
|
|
1.50%, 6/9/2026 (a)
|
314,000
|
291,039
|
|
4.15%, 3/29/2027 (a)
|
1,260,000
|
1,223,775
|
|
4.45%, 2/20/2029 (a)
|
465,000
|
450,759
|
|
2.80%, 6/23/2030 (a)
|
1,081,000
|
947,902
|
|
2.55%, 6/9/2031 (a)
|
287,000
|
241,259
|
|
4.70%, 6/6/2032 (a)
|
339,000
|
327,771
|
|
5.60%, 11/15/2033 (a)
|
334,000
|
342,872
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Indonesia—continued
|
||
|
Republic of Indonesia
|
|
|
|
3.50%, 1/11/2028
|
1,970,000
|
1,850,569
|
|
4.10%, 4/24/2028
|
2,014,000
|
1,929,034
|
|
4.75%, 2/11/2029
|
200,000
|
196,313
|
|
4.65%, 9/20/2032
|
2,443,000
|
2,336,882
|
|
4.85%, 1/11/2033
|
1,850,000
|
1,795,425
|
|
6.63%, 2/17/2037 (a)
|
1,214,000
|
1,347,919
|
|
6.63%, 2/17/2037 (b)
|
145,000
|
160,995
|
|
7.75%, 1/17/2038 (a)
|
1,229,000
|
1,499,515
|
|
4.63%, 4/15/2043 (a)
|
490,000
|
443,144
|
|
4.20%, 10/15/2050 (c)
|
3,263,000
|
2,659,345
|
|
3.05%, 3/12/2051
|
1,418,000
|
953,605
|
|
|
|
20,570,099
|
|
Iraq — 0.3%
|
||
|
Republic of Iraq 5.80%, 1/15/2028 (a)
|
1,963,000
|
1,862,121
|
|
Ivory Coast — 0.8%
|
||
|
Republic of Cote d'Ivoire
|
|
|
|
6.13%, 6/15/2033 (a)
|
2,268,000
|
2,015,912
|
|
8.25%, 1/30/2037 (a)
|
3,025,000
|
2,941,056
|
|
|
|
4,956,968
|
|
Jamaica — 1.2%
|
||
|
Jamaica Government Bond
|
|
|
|
6.75%, 4/28/2028
|
2,568,000
|
2,624,175
|
|
7.88%, 7/28/2045
|
3,773,000
|
4,376,680
|
|
|
|
7,000,855
|
|
Jordan — 1.2%
|
||
|
Hashemite Kingdom of Jordan
|
|
|
|
5.75%, 1/31/2027 (a)
|
3,090,000
|
2,988,648
|
|
7.50%, 1/13/2029 (a)
|
1,283,000
|
1,279,792
|
|
5.85%, 7/7/2030 (a)
|
2,422,000
|
2,228,870
|
|
7.38%, 10/10/2047 (a)
|
1,160,000
|
1,009,908
|
|
|
|
7,507,218
|
|
Kazakhstan — 0.6%
|
||
|
Republic of Kazakhstan
|
|
|
|
3.88%, 10/14/2024 (b)
|
350,000
|
348,408
|
|
3.88%, 10/14/2024 (a)
|
499,000
|
496,730
|
|
5.13%, 7/21/2025 (a)
|
307,000
|
306,886
|
|
4.88%, 10/14/2044 (a)
|
1,115,000
|
1,062,628
|
|
6.50%, 7/21/2045 (a)
|
1,006,000
|
1,130,392
|
|
|
|
3,345,044
|
|
Kenya — 1.1%
|
||
|
Republic of Kenya
|
|
|
|
7.25%, 2/28/2028 (a)
|
1,099,000
|
1,030,466
|
|
8.00%, 5/22/2032 (a)
|
4,343,000
|
3,957,559
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Kenya—continued
|
||
|
6.30%, 1/23/2034 (a)
|
277,000
|
218,814
|
|
8.25%, 2/28/2048 (a)
|
1,840,000
|
1,538,019
|
|
|
|
6,744,858
|
|
Kuwait — 0.6%
|
||
|
State of Kuwait 3.50%, 3/20/2027 (a)
|
3,899,000
|
3,735,710
|
|
Malaysia — 0.1%
|
||
|
Malaysia Sukuk Global Bhd. 3.18%, 4/27/2026 (a)
|
752,000
|
725,680
|
|
Mexico — 4.2%
|
||
|
United Mexican States
|
|
|
|
4.15%, 3/28/2027
|
742,000
|
716,726
|
|
3.75%, 1/11/2028
|
3,444,000
|
3,249,199
|
|
4.50%, 4/22/2029
|
1,074,000
|
1,027,348
|
|
2.66%, 5/24/2031
|
1,586,000
|
1,307,657
|
|
4.75%, 4/27/2032
|
800,000
|
743,600
|
|
3.50%, 2/12/2034
|
4,795,000
|
3,922,909
|
|
6.75%, 9/27/2034
|
1,723,000
|
1,811,842
|
|
6.35%, 2/9/2035
|
268,000
|
270,546
|
|
6.05%, 1/11/2040
|
1,000,000
|
968,000
|
|
4.75%, 3/8/2044
|
2,602,000
|
2,105,018
|
|
4.60%, 1/23/2046
|
4,519,000
|
3,527,079
|
|
4.40%, 2/12/2052 (c)
|
2,282,000
|
1,681,834
|
|
6.34%, 5/4/2053
|
1,198,000
|
1,143,716
|
|
3.77%, 5/24/2061
|
262,000
|
162,964
|
|
3.75%, 4/19/2071
|
4,833,000
|
2,943,297
|
|
|
|
25,581,735
|
|
Morocco — 1.0%
|
||
|
Kingdom of Morocco
|
|
|
|
5.95%, 3/8/2028 (a)
|
1,410,000
|
1,410,888
|
|
3.00%, 12/15/2032 (a)
|
3,647,000
|
2,912,932
|
|
6.50%, 9/8/2033 (a)
|
842,000
|
858,482
|
|
4.00%, 12/15/2050 (a)
|
1,201,000
|
811,228
|
|
|
|
5,993,530
|
|
Nigeria — 2.9%
|
||
|
Federal Republic of Nigeria
|
|
|
|
7.63%, 11/21/2025 (a)
|
1,900,000
|
1,904,883
|
|
6.50%, 11/28/2027 (a)
|
335,000
|
312,749
|
|
6.13%, 9/28/2028 (a)
|
1,475,000
|
1,309,712
|
|
8.38%, 3/24/2029 (a)
|
2,642,000
|
2,516,505
|
|
7.14%, 2/23/2030 (a)
|
1,014,000
|
892,857
|
|
8.75%, 1/21/2031 (a)
|
1,516,000
|
1,428,587
|
|
7.88%, 2/16/2032 (a)
|
1,675,000
|
1,477,769
|
|
7.38%, 9/28/2033 (a)
|
6,528,000
|
5,437,236
|
|
7.63%, 11/28/2047 (a)
|
2,003,000
|
1,499,927
|
|
8.25%, 9/28/2051 (a)
|
1,061,000
|
836,991
|
|
|
|
17,617,216
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Oman — 5.0%
|
||
|
Oman Sovereign Sukuk SAOC
|
|
|
|
5.93%, 10/31/2025 (a)
|
1,704,000
|
1,707,936
|
|
4.88%, 6/15/2030 (a)
|
2,492,000
|
2,411,708
|
|
Sultanate of Oman Government Bond
|
|
|
|
4.75%, 6/15/2026 (a)
|
3,378,000
|
3,318,007
|
|
6.75%, 10/28/2027 (a)
|
2,233,000
|
2,299,990
|
|
5.63%, 1/17/2028 (a)
|
2,620,000
|
2,612,480
|
|
6.00%, 8/1/2029 (a)
|
3,563,000
|
3,598,630
|
|
6.25%, 1/25/2031 (a)
|
3,124,000
|
3,202,100
|
|
7.38%, 10/28/2032 (a)
|
3,580,000
|
3,941,079
|
|
6.50%, 3/8/2047 (a)
|
2,182,000
|
2,144,033
|
|
6.75%, 1/17/2048 (a)
|
2,360,000
|
2,365,900
|
|
7.00%, 1/25/2051 (a)
|
2,649,000
|
2,754,245
|
|
|
|
30,356,108
|
|
Pakistan — 1.0%
|
||
|
Islamic Republic of Pakistan
|
|
|
|
6.00%, 4/8/2026 (a)
|
255,000
|
230,695
|
|
6.88%, 12/5/2027 (a)
|
4,310,000
|
3,771,250
|
|
7.38%, 4/8/2031 (a)
|
2,350,000
|
1,923,328
|
|
|
|
5,925,273
|
|
Panama — 2.2%
|
||
|
Republic of Panama
|
|
|
|
3.88%, 3/17/2028
|
700,000
|
641,813
|
|
3.16%, 1/23/2030
|
2,322,000
|
1,937,714
|
|
2.25%, 9/29/2032
|
2,145,000
|
1,530,994
|
|
3.30%, 1/19/2033 (c)
|
997,000
|
763,204
|
|
6.70%, 1/26/2036
|
2,712,000
|
2,606,062
|
|
6.88%, 1/31/2036
|
316,000
|
306,026
|
|
4.30%, 4/29/2053
|
611,000
|
385,312
|
|
6.85%, 3/28/2054
|
1,008,000
|
910,665
|
|
3.87%, 7/23/2060 (c)
|
3,474,000
|
1,953,039
|
|
4.50%, 1/19/2063
|
3,243,000
|
2,042,077
|
|
|
|
13,076,906
|
|
Paraguay — 0.7%
|
||
|
Republic of Paraguay
|
|
|
|
4.95%, 4/28/2031 (a)
|
1,610,000
|
1,527,991
|
|
6.10%, 8/11/2044 (a)
|
3,024,000
|
2,869,965
|
|
|
|
4,397,956
|
|
Peru — 2.0%
|
||
|
Republic of Peru
|
|
|
|
4.13%, 8/25/2027
|
350,000
|
336,000
|
|
2.78%, 1/23/2031
|
1,547,000
|
1,305,281
|
|
1.86%, 12/1/2032
|
4,292,000
|
3,201,564
|
|
8.75%, 11/21/2033
|
1,166,000
|
1,400,293
|
|
3.00%, 1/15/2034
|
1,371,000
|
1,098,942
|
|
6.55%, 3/14/2037
|
172,000
|
181,353
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Peru—continued
|
||
|
3.30%, 3/11/2041
|
2,325,000
|
1,694,344
|
|
3.55%, 3/10/2051
|
100,000
|
69,531
|
|
2.78%, 12/1/2060
|
1,691,000
|
930,578
|
|
3.23%, 7/28/2121
|
3,281,000
|
1,797,988
|
|
|
|
12,015,874
|
|
Philippines — 2.8%
|
||
|
Republic of Philippines
|
|
|
|
5.50%, 3/30/2026
|
1,483,000
|
1,488,098
|
|
3.00%, 2/1/2028
|
2,063,000
|
1,908,502
|
|
3.75%, 1/14/2029
|
1,868,000
|
1,751,834
|
|
9.50%, 2/2/2030
|
561,000
|
678,109
|
|
2.46%, 5/5/2030
|
1,448,000
|
1,243,922
|
|
6.38%, 1/15/2032
|
200,000
|
213,000
|
|
5.00%, 7/17/2033
|
500,000
|
489,219
|
|
6.38%, 10/23/2034
|
408,000
|
441,532
|
|
5.00%, 1/13/2037
|
2,135,000
|
2,056,939
|
|
3.95%, 1/20/2040
|
1,157,000
|
959,587
|
|
3.70%, 3/1/2041
|
2,731,000
|
2,167,731
|
|
3.70%, 2/2/2042
|
2,339,000
|
1,838,308
|
|
2.65%, 12/10/2045
|
1,757,000
|
1,118,084
|
|
4.20%, 3/29/2047
|
422,000
|
343,449
|
|
5.50%, 1/17/2048
|
300,000
|
295,908
|
|
|
|
16,994,222
|
|
Poland — 2.2%
|
||
|
Republic of Poland
|
|
|
|
3.25%, 4/6/2026
|
4,112,000
|
3,984,651
|
|
5.50%, 11/16/2027
|
302,000
|
306,581
|
|
5.75%, 11/16/2032
|
229,000
|
236,001
|
|
4.88%, 10/4/2033
|
3,711,000
|
3,578,480
|
|
5.50%, 4/4/2053
|
5,328,000
|
5,142,266
|
|
|
|
13,247,979
|
|
Qatar — 2.6%
|
||
|
State of Qatar
|
|
|
|
3.40%, 4/16/2025 (a)
|
1,178,000
|
1,158,174
|
|
3.25%, 6/2/2026 (a)
|
1,286,000
|
1,239,022
|
|
4.50%, 4/23/2028 (a)
|
828,000
|
815,903
|
|
4.00%, 3/14/2029 (a)
|
2,463,000
|
2,368,421
|
|
3.75%, 4/16/2030 (a)
|
2,043,000
|
1,922,463
|
|
6.40%, 1/20/2040 (a)
|
980,000
|
1,081,322
|
|
4.63%, 6/2/2046 (a)
|
759,000
|
680,823
|
|
4.82%, 3/14/2049 (a)
|
1,987,000
|
1,812,025
|
|
4.40%, 4/16/2050 (a)
|
5,332,000
|
4,545,530
|
|
|
|
15,623,683
|
|
Romania — 2.0%
|
||
|
Romania Government Bond
|
|
|
|
3.00%, 2/27/2027 (a)
|
3,234,000
|
2,995,816
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Romania—continued
|
||
|
5.25%, 11/25/2027 (a)
|
340,000
|
332,649
|
|
6.63%, 2/17/2028 (a)
|
832,000
|
850,836
|
|
5.88%, 1/30/2029 (a)
|
1,392,000
|
1,381,421
|
|
3.63%, 3/27/2032 (a)
|
156,000
|
131,243
|
|
6.00%, 5/25/2034 (a)
|
570,000
|
557,637
|
|
6.13%, 1/22/2044 (a) (c)
|
3,860,000
|
3,662,831
|
|
5.13%, 6/15/2048 (a)
|
1,050,000
|
881,013
|
|
4.00%, 2/14/2051 (a)
|
366,000
|
252,427
|
|
7.63%, 1/17/2053 (a)
|
1,110,000
|
1,203,906
|
|
|
|
12,249,779
|
|
Saudi Arabia — 4.0%
|
||
|
Kingdom of Saudi Arabia
|
|
|
|
4.00%, 4/17/2025 (a)
|
968,000
|
955,552
|
|
3.25%, 10/26/2026 (a)
|
238,000
|
227,780
|
|
2.50%, 2/3/2027 (a)
|
3,795,000
|
3,540,317
|
|
4.75%, 1/18/2028 (a)
|
500,000
|
493,735
|
|
3.63%, 3/4/2028 (a)
|
4,620,000
|
4,378,005
|
|
4.38%, 4/16/2029 (a)
|
1,062,000
|
1,028,547
|
|
4.50%, 4/17/2030 (a)
|
500,000
|
481,550
|
|
2.25%, 2/2/2033 (a)
|
3,868,000
|
3,065,313
|
|
5.00%, 1/16/2034 (a)
|
395,000
|
384,137
|
|
4.50%, 10/26/2046 (a)
|
4,288,000
|
3,590,686
|
|
4.63%, 10/4/2047 (a)
|
1,369,000
|
1,160,364
|
|
5.00%, 4/17/2049 (a)
|
300,000
|
266,457
|
|
5.25%, 1/16/2050 (a)
|
1,858,000
|
1,705,644
|
|
3.75%, 1/21/2055 (a)
|
1,100,000
|
769,527
|
|
3.45%, 2/2/2061 (a)
|
2,204,000
|
1,413,315
|
|
KSA Sukuk Ltd. 2.25%, 5/17/2031 (a)
|
461,000
|
384,949
|
|
|
|
23,845,878
|
|
Serbia — 0.4%
|
||
|
Republic of Serbia 6.50%, 9/26/2033 (a)
|
2,325,000
|
2,325,000
|
|
South Africa — 3.9%
|
||
|
Republic of South Africa
|
|
|
|
5.88%, 9/16/2025
|
2,930,000
|
2,897,038
|
|
4.88%, 4/14/2026
|
1,395,000
|
1,344,431
|
|
4.85%, 9/27/2027
|
1,013,000
|
961,844
|
|
4.30%, 10/12/2028
|
3,225,000
|
2,885,972
|
|
4.85%, 9/30/2029
|
6,869,000
|
6,142,603
|
|
5.88%, 6/22/2030
|
200,000
|
185,575
|
|
5.88%, 4/20/2032
|
403,000
|
362,196
|
|
5.38%, 7/24/2044
|
376,000
|
270,194
|
|
5.00%, 10/12/2046
|
623,000
|
418,968
|
|
5.65%, 9/27/2047
|
5,322,000
|
3,835,166
|
|
5.75%, 9/30/2049
|
620,000
|
445,625
|
|
7.30%, 4/20/2052
|
4,435,000
|
3,803,012
|
|
|
|
23,552,624
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Trinidad And Tobago — 0.3%
|
||
|
Republic of Trinidad and Tobago 4.50%, 8/4/2026 (a)
|
1,905,000
|
1,843,683
|
|
Turkey — 7.5%
|
||
|
Hazine Mustesarligi Varlik Kiralama A/S
|
|
|
|
5.13%, 6/22/2026 (a)
|
1,557,000
|
1,522,839
|
|
7.25%, 2/24/2027 (a)
|
4,915,000
|
4,986,145
|
|
8.51%, 1/14/2029 (a)
|
400,000
|
423,240
|
|
Republic of Turkey
|
|
|
|
6.38%, 10/14/2025
|
680,000
|
680,340
|
|
4.75%, 1/26/2026
|
4,696,000
|
4,572,589
|
|
4.25%, 4/14/2026
|
2,569,000
|
2,476,593
|
|
4.88%, 10/9/2026
|
2,855,000
|
2,758,273
|
|
6.00%, 3/25/2027
|
451,000
|
444,636
|
|
5.13%, 2/17/2028
|
3,756,000
|
3,544,725
|
|
6.13%, 10/24/2028
|
1,241,000
|
1,208,449
|
|
7.63%, 4/26/2029
|
1,252,000
|
1,277,866
|
|
9.13%, 7/13/2030
|
625,000
|
677,672
|
|
5.95%, 1/15/2031
|
4,250,000
|
3,926,363
|
|
5.88%, 6/26/2031
|
1,820,000
|
1,670,760
|
|
9.38%, 1/19/2033
|
2,137,000
|
2,380,810
|
|
6.50%, 9/20/2033
|
2,073,000
|
1,942,463
|
|
6.88%, 3/17/2036
|
3,143,000
|
2,958,474
|
|
6.75%, 5/30/2040
|
955,000
|
859,978
|
|
6.00%, 1/14/2041
|
3,980,000
|
3,289,788
|
|
5.75%, 5/11/2047
|
5,047,000
|
3,855,908
|
|
|
|
45,457,911
|
|
United Arab Emirates — 2.4%
|
||
|
Finance Department Government of Sharjah 6.13%, 3/6/2036 (a)
|
635,000
|
629,006
|
|
Sharjah Sukuk Program Ltd.
|
|
|
|
4.23%, 3/14/2028 (a)
|
700,000
|
663,544
|
|
3.23%, 10/23/2029 (a)
|
438,000
|
388,217
|
|
United Arab Emirates Government Bond
|
|
|
|
3.13%, 5/3/2026 (a)
|
501,000
|
481,398
|
|
3.13%, 10/11/2027 (a)
|
1,975,000
|
1,858,969
|
|
1.63%, 6/2/2028 (a)
|
3,864,000
|
3,395,490
|
|
2.50%, 9/30/2029 (a)
|
758,000
|
672,725
|
|
2.00%, 10/19/2031 (a)
|
1,810,000
|
1,484,508
|
|
6.50%, 11/23/2032 (a)
|
400,000
|
412,208
|
|
3.13%, 9/30/2049 (a)
|
1,604,000
|
1,090,559
|
|
3.88%, 4/16/2050 (a)
|
368,000
|
287,040
|
|
3.90%, 9/9/2050 (a)
|
519,000
|
376,607
|
|
4.95%, 7/7/2052 (a)
|
567,000
|
523,154
|
|
3.25%, 10/19/2061 (a)
|
562,000
|
370,566
|
|
2.70%, 9/2/2070 (a)
|
3,352,000
|
1,883,589
|
|
|
|
14,517,580
|
|
Uruguay — 1.6%
|
||
|
Oriental Republic of Uruguay
|
|
|
|
4.38%, 10/27/2027
|
450,000
|
443,925
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Uruguay—continued
|
||
|
4.38%, 1/23/2031
|
2,921,000
|
2,826,067
|
|
5.75%, 10/28/2034
|
895,000
|
923,193
|
|
7.63%, 3/21/2036
|
180,000
|
213,300
|
|
5.10%, 6/18/2050
|
2,939,000
|
2,747,965
|
|
4.98%, 4/20/2055
|
2,438,000
|
2,207,152
|
|
|
|
9,361,602
|
|
Total Foreign Government Securities
(Cost $517,830,041)
|
|
515,115,907
|
|
Corporate Bonds — 12.3%
|
||
|
Azerbaijan — 0.5%
|
||
|
Southern Gas Corridor CJSC 6.88%, 3/24/2026 (a)
|
2,749,000
|
2,763,075
|
|
Bahrain — 0.2%
|
||
|
Bapco Energies BSC Closed 7.50%, 10/25/2027 (a)
|
1,417,000
|
1,439,389
|
|
Chile — 0.9%
|
||
|
Corp. Nacional del Cobre de Chile
|
|
|
|
3.00%, 9/30/2029 (a)
|
1,395,000
|
1,221,933
|
|
5.95%, 1/8/2034 (a)
|
565,000
|
558,820
|
|
4.50%, 8/1/2047 (a)
|
1,350,000
|
1,055,109
|
|
4.38%, 2/5/2049 (a)
|
956,000
|
727,755
|
|
3.70%, 1/30/2050 (a) (c)
|
1,649,000
|
1,111,014
|
|
Empresa de Transporte de Pasajeros Metro SA 4.70%, 5/7/2050 (a)
|
683,000
|
550,029
|
|
|
|
5,224,660
|
|
China — 1.4%
|
||
|
China Development Bank 1.00%, 10/27/2025 (a)
|
890,000
|
839,103
|
|
CNAC HK Finbridge Co. Ltd. 4.13%, 7/19/2027 (a)
|
200,000
|
192,312
|
|
Sinopec Group Overseas Development 2012 Ltd. 4.88%, 5/17/2042 (a)
|
1,320,000
|
1,246,621
|
|
Sinopec Group Overseas Development 2018 Ltd.
|
|
|
|
2.15%, 5/13/2025 (a)
|
900,000
|
872,721
|
|
2.95%, 11/12/2029 (a)
|
601,000
|
548,088
|
|
2.70%, 5/13/2030 (a)
|
472,000
|
421,043
|
|
2.30%, 1/8/2031 (a)
|
1,044,000
|
898,164
|
|
SPIC MTN Co. Ltd. 1.63%, 7/27/2025 (a)
|
1,076,000
|
1,027,916
|
|
State Grid Overseas Investment BVI Ltd.
|
|
|
|
3.50%, 5/4/2027 (a)
|
1,749,000
|
1,674,598
|
|
1.63%, 8/5/2030 (a)
|
805,000
|
669,599
|
|
|
|
8,390,165
|
|
Hong Kong — 0.3%
|
||
|
China Life Insurance Overseas Co. Ltd. (US Treasury Yield Curve Rate T Note Constant
Maturity 5 Year + 1.23%), 5.35%,
8/15/2033 (a) (d)
|
1,685,000
|
1,690,527
|
|
Hungary — 0.2%
|
||
|
MFB Magyar Fejlesztesi Bank Zrt. 6.50%, 6/29/2028 (a)
|
1,082,000
|
1,096,758
|
|
Indonesia — 0.7%
|
||
|
Indonesia Asahan Aluminium PT 4.75%, 5/15/2025 (a)
|
343,000
|
338,922
|
|
Pertamina Persero PT
|
|
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Indonesia — continued
|
||
|
5.63%, 5/20/2043 (a)
|
600,000
|
572,438
|
|
6.45%, 5/30/2044 (a)
|
297,000
|
308,137
|
|
4.18%, 1/21/2050 (a)
|
1,466,000
|
1,121,032
|
|
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
|
|
|
|
4.13%, 5/15/2027 (a)
|
500,000
|
480,156
|
|
5.45%, 5/21/2028 (a)
|
253,000
|
251,267
|
|
5.25%, 10/24/2042 (a)
|
825,000
|
737,344
|
|
6.15%, 5/21/2048 (a)
|
262,000
|
256,760
|
|
|
|
4,066,056
|
|
Malaysia — 1.2%
|
||
|
Petronas Capital Ltd.
|
|
|
|
3.50%, 4/21/2030 (a)
|
1,640,000
|
1,498,796
|
|
2.48%, 1/28/2032 (a)
|
3,323,000
|
2,746,194
|
|
3.40%, 4/28/2061 (a)
|
4,448,000
|
2,955,696
|
|
|
|
7,200,686
|
|
Mexico — 3.3%
|
||
|
Banco Nacional de Comercio Exterior SNC 4.38%, 10/14/2025 (a)
|
758,000
|
743,788
|
|
Mexico City Airport Trust 5.50%, 7/31/2047 (a)
|
844,000
|
711,070
|
|
Petroleos Mexicanos
|
|
|
|
4.50%, 1/23/2026
|
2,210,000
|
2,091,058
|
|
6.88%, 8/4/2026
|
317,000
|
309,202
|
|
6.50%, 1/23/2029
|
481,000
|
435,016
|
|
8.75%, 6/2/2029
|
3,455,000
|
3,384,138
|
|
6.84%, 1/23/2030
|
323,000
|
285,626
|
|
6.70%, 2/16/2032
|
4,309,000
|
3,619,129
|
|
10.00%, 2/7/2033
|
743,000
|
748,201
|
|
6.63%, 6/15/2035
|
2,131,000
|
1,635,542
|
|
6.50%, 6/2/2041
|
5,655,000
|
3,916,087
|
|
6.75%, 9/21/2047
|
1,794,000
|
1,195,719
|
|
7.69%, 1/23/2050
|
1,270,000
|
921,893
|
|
|
|
19,996,469
|
|
Oman — 0.1%
|
||
|
EDO Sukuk Ltd. 5.88%, 9/21/2033 (b)
|
903,000
|
912,418
|
|
Panama — 0.1%
|
||
|
Aeropuerto Internacional de Tocumen SA 5.13%, 8/11/2061 (a)
|
882,000
|
640,001
|
|
Banco Nacional de Panama 2.50%, 8/11/2030 (a)
|
200,000
|
153,250
|
|
|
|
793,251
|
|
Peru — 0.2%
|
||
|
Petroleos del Peru SA
|
|
|
|
4.75%, 6/19/2032 (a)
|
439,000
|
315,421
|
|
5.63%, 6/19/2047 (a)
|
1,894,000
|
1,126,930
|
|
|
|
1,442,351
|
|
Poland — 0.4%
|
||
|
Bank Gospodarstwa Krajowego 5.38%, 5/22/2033 (a)
|
2,232,000
|
2,181,780
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Qatar — 0.6%
|
||
|
QatarEnergy 2.25%, 7/12/2031 (a)
|
600,000
|
496,470
|
|
QatarEnergy Trading LLC 3.13%, 7/12/2041 (a)
|
3,900,000
|
2,868,177
|
|
|
|
3,364,647
|
|
Saudi Arabia — 0.7%
|
||
|
Gaci First Investment Co.
|
|
|
|
5.00%, 10/13/2027 (a)
|
701,000
|
695,210
|
|
5.00%, 1/29/2029 (a)
|
201,000
|
197,106
|
|
4.75%, 2/14/2030 (a)
|
820,000
|
793,563
|
|
4.88%, 2/14/2035 (a)
|
1,552,000
|
1,460,618
|
|
5.13%, 2/14/2053 (a)
|
878,000
|
751,287
|
|
Suci Second Investment Co. 6.25%, 10/25/2033 (a)
|
567,000
|
608,567
|
|
|
|
4,506,351
|
|
South Africa — 0.4%
|
||
|
Eskom Holdings SOC Ltd. 6.35%, 8/10/2028 (a)
|
1,321,000
|
1,264,857
|
|
Transnet SOC Ltd. 8.25%, 2/6/2028 (a)
|
1,157,000
|
1,144,412
|
|
|
|
2,409,269
|
|
United Arab Emirates — 1.1%
|
||
|
Abu Dhabi Crude Oil Pipeline LLC 4.60%, 11/2/2047 (a)
|
1,170,000
|
1,034,643
|
|
DP World Ltd. 6.85%, 7/2/2037 (a)
|
1,900,000
|
2,041,607
|
|
DP World Salaam (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.75%),
6.00%, 10/1/2025 (a) (d) (e)
(f)
|
211,000
|
209,996
|
|
MDGH GMTN RSC Ltd.
|
|
|
|
2.88%, 11/7/2029 (a)
|
2,178,000
|
1,947,415
|
|
3.38%, 3/28/2032 (a)
|
866,000
|
770,411
|
|
4.38%, 11/22/2033 (a)
|
241,000
|
224,205
|
|
3.40%, 6/7/2051 (a)
|
682,000
|
477,911
|
|
|
|
6,706,188
|
|
Total Corporate Bonds
(Cost $73,668,867)
|
|
74,184,040
|
|
|
SHARES
|
|
|
Short-Term Investments — 1.3%
|
||
|
Investment Companies — 0.5%
|
||
|
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (g) (h)(Cost $2,868,206)
|
2,868,206
|
2,868,206
|
|
Investment of Cash Collateral from Securities Loaned — 0.8%
|
||
|
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.47% (g) (h)
|
3,000,100
|
3,000,400
|
|
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (g) (h)
|
1,848,688
|
1,848,688
|
|
Total Investment of Cash Collateral from Securities Loaned
(Cost $4,849,288)
|
|
4,849,088
|
|
Total Short-Term Investments
(Cost $7,717,494)
|
|
7,717,294
|
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
|
Total Investments — 99.0%
(Cost $599,216,402)
|
|
597,017,241
|
|
Other Assets Less Liabilities — 1.0%
|
|
6,088,263
|
|
NET ASSETS — 100.0%
|
|
603,105,504
|
|
Percentages indicated are based on net assets.
|
|
Abbreviations
|
|
|
CJSC
|
Closed Joint Stock Company
|
|
GMTN
|
Global Medium Term Note
|
|
MTN
|
Medium Term Note
|
|
PT
|
Limited liability company
|
|
SPC
|
Special purpose company
|
|
(a)
|
Security exempt from registration pursuant to Regulation S under the Securities Act
of 1933, as amended. Regulation S applies to securities offerings that
are made outside of the United States and do not involve direct selling efforts in
the United States and as such may have restrictions on resale.
|
|
(b)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
(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 $4,669,560.
|
|
(d)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of May 31, 2024.
|
|
(e)
|
Security is an interest bearing note with preferred security characteristics.
|
|
(f)
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon
rate for this security is fixed for a period of time and may be
structured to adjust thereafter. The date shown, if applicable, reflects the next
call date. The coupon rate shown is the rate in effect 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
|
|
|
|
|
|
Corporate Bonds
|
$—
|
$74,184,040
|
$—
|
$74,184,040
|
|
Foreign Government Securities
|
—
|
515,115,907
|
—
|
515,115,907
|
|
Short-Term Investments
|
|
|
|
|
|
Investment Companies
|
2,868,206
|
—
|
—
|
2,868,206
|
|
Investment of Cash Collateral from Securities Loaned
|
4,849,088
|
—
|
—
|
4,849,088
|
|
Total Short-Term Investments
|
7,717,294
|
—
|
—
|
7,717,294
|
|
|
|
|
||
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Total Investments in Securities
|
$7,717,294
|
$589,299,947
|
$—
|
$597,017,241
|
|
|
|||||||||
|
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 Securities Lending Money
Market Fund Agency SL
Class Shares, 5.47% (a) (b)
|
$7,001,400
|
$8,000,000
|
$12,000,000
|
$(1,500
)
|
$500
|
$3,000,400
|
3,000,100
|
$64,451
|
$—
|
|
JPMorgan U.S. Government Money
Market Fund Class IM Shares,
5.26% (a) (b)
|
896,718
|
12,280,900
|
11,328,930
|
—
|
—
|
1,848,688
|
1,848,688
|
23,116
|
—
|
|
JPMorgan U.S. Government Money
Market Fund Class IM Shares,
5.26% (a) (b)
|
3,914,092
|
12,232,942
|
13,278,828
|
—
|
—
|
2,868,206
|
2,868,206
|
41,478
|
—
|
|
Total
|
$11,812,210
|
$32,513,842
|
$36,607,758
|
$(1,500
)
|
$500
|
$7,717,294
|
|
$129,045
|
$—
|
|
|
|
|
(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.
|