THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
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JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
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J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2023.
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — 99.6%
|
||
Aerospace & Defense — 4.7%
|
||
General Dynamics Corp.
|
3,109
|
686,906
|
Northrop Grumman Corp.
|
1,413
|
622,122
|
RTX Corp.
|
10,994
|
791,221
|
|
|
2,100,249
|
Air Freight & Logistics — 1.6%
|
||
United Parcel Service, Inc., Class B
|
4,695
|
731,780
|
Banks — 5.5%
|
||
Bank of America Corp.
|
25,640
|
702,015
|
PNC Financial Services Group, Inc. (The)
|
4,515
|
554,290
|
US Bancorp
|
15,627
|
516,625
|
Wells Fargo & Co.
|
17,370
|
709,752
|
|
|
2,482,682
|
Beverages — 2.0%
|
||
Coca-Cola Co. (The)
|
8,060
|
451,233
|
PepsiCo, Inc.
|
2,498
|
423,196
|
|
|
874,429
|
Biotechnology — 2.5%
|
||
AbbVie, Inc.
|
5,845
|
871,277
|
Amgen, Inc.
|
930
|
249,928
|
|
|
1,121,205
|
Capital Markets — 6.7%
|
||
BlackRock, Inc.
|
1,263
|
816,898
|
Charles Schwab Corp. (The)
|
9,900
|
543,507
|
CME Group, Inc.
|
4,336
|
868,108
|
Morgan Stanley
|
9,717
|
793,558
|
|
|
3,022,071
|
Chemicals — 3.9%
|
||
Air Products and Chemicals, Inc.
|
3,601
|
1,020,455
|
PPG Industries, Inc.
|
5,647
|
733,043
|
|
|
1,753,498
|
Commercial Services & Supplies — 1.0%
|
||
Republic Services, Inc.
|
3,233
|
460,791
|
Consumer Finance — 1.9%
|
||
American Express Co.
|
4,010
|
598,243
|
Capital One Financial Corp.
|
2,633
|
255,529
|
|
|
853,772
|
Consumer Staples Distribution & Retail — 2.7%
|
||
Sysco Corp.
|
7,988
|
527,617
|
Walmart, Inc.
|
4,130
|
660,526
|
|
|
1,188,143
|
Diversified Telecommunication Services — 0.6%
|
||
Verizon Communications, Inc.
|
7,991
|
258,997
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
||
Electric Utilities — 2.2%
|
||
NextEra Energy, Inc.
|
10,166
|
582,433
|
Xcel Energy, Inc.
|
7,395
|
423,138
|
|
|
1,005,571
|
Electrical Equipment — 1.4%
|
||
Eaton Corp. plc
|
2,921
|
623,053
|
Electronic Equipment, Instruments & Components — 0.7%
|
||
Corning, Inc.
|
9,767
|
297,583
|
Food Products — 1.5%
|
||
Hershey Co. (The)
|
728
|
145,588
|
Mondelez International, Inc., Class A
|
7,899
|
548,198
|
|
|
693,786
|
Ground Transportation — 1.6%
|
||
Norfolk Southern Corp.
|
3,718
|
732,215
|
Health Care Equipment & Supplies — 3.6%
|
||
Abbott Laboratories
|
4,040
|
391,256
|
Baxter International, Inc.
|
5,097
|
192,369
|
Becton Dickinson & Co.
|
1,694
|
437,873
|
Medtronic plc
|
7,279
|
570,432
|
|
|
1,591,930
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Health Care Providers & Services — 5.6%
|
||
Cencora, Inc.
|
2,107
|
379,233
|
Cigna Group (The)
|
2,282
|
652,808
|
CVS Health Corp.
|
5,353
|
373,728
|
UnitedHealth Group, Inc.
|
2,208
|
1,113,484
|
|
|
2,519,253
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Health Care REITs — 0.4%
|
||
Ventas, Inc.
|
4,055
|
170,848
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Hotels, Restaurants & Leisure — 2.2%
|
||
McDonald's Corp.
|
2,567
|
676,217
|
Starbucks Corp.
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3,303
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301,429
|
|
|
977,646
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Household Products — 1.5%
|
||
Procter & Gamble Co. (The)
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4,634
|
675,972
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Industrial REITs — 0.8%
|
||
Prologis, Inc.
|
3,171
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355,766
|
Insurance — 5.3%
|
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Arthur J Gallagher & Co.
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1,875
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427,337
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Chubb Ltd.
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2,779
|
578,534
|
Hartford Financial Services Group, Inc. (The)
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5,078
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360,117
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Marsh & McLennan Cos., Inc.
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1,121
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213,284
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MetLife, Inc.
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7,232
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454,951
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Progressive Corp. (The)
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2,373
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330,587
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|
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2,364,810
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
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IT Services — 1.3%
|
||
Accenture plc, Class A
|
753
|
231,414
|
International Business Machines Corp.
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2,608
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365,848
|
|
|
597,262
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Machinery — 3.6%
|
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Deere & Co.
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1,185
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447,180
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Dover Corp.
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5,049
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704,355
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Parker-Hannifin Corp.
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1,137
|
442,969
|
|
|
1,594,504
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Media — 2.3%
|
||
Comcast Corp., Class A
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23,644
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1,048,387
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Multi-Utilities — 2.1%
|
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CMS Energy Corp.
|
5,324
|
282,782
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Dominion Energy, Inc.
|
7,128
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318,417
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Public Service Enterprise Group, Inc.
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5,585
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317,815
|
|
|
919,014
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Office REITs — 0.4%
|
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Alexandria Real Estate Equities, Inc.
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1,119
|
111,966
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Boston Properties, Inc.
|
771
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45,881
|
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|
157,847
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Oil, Gas & Consumable Fuels — 9.9%
|
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Chevron Corp.
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4,802
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809,691
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ConocoPhillips
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12,567
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1,505,570
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EOG Resources, Inc.
|
6,679
|
846,639
|
Exxon Mobil Corp.
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10,812
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1,271,263
|
|
|
4,433,163
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Personal Care Products — 0.5%
|
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Kenvue, Inc.
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11,260
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226,099
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Pharmaceuticals — 6.0%
|
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Bristol-Myers Squibb Co.
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18,013
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1,045,478
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Eli Lilly & Co.
|
523
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280,607
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Johnson & Johnson
|
5,321
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828,791
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Merck & Co., Inc.
|
2,086
|
214,742
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Pfizer, Inc.
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9,356
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310,338
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|
|
2,679,956
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Residential REITs — 0.5%
|
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AvalonBay Communities, Inc.
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1,176
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201,943
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Semiconductors & Semiconductor Equipment — 4.8%
|
||
Analog Devices, Inc.
|
4,894
|
856,879
|
Lam Research Corp.
|
181
|
113,649
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NXP Semiconductors NV (China)
|
3,797
|
759,001
|
Texas Instruments, Inc.
|
2,656
|
422,273
|
|
|
2,151,802
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
Common Stocks — continued
|
||
Software — 1.4%
|
||
Microsoft Corp.
|
2,056
|
649,132
|
Specialty Retail — 4.0%
|
||
Best Buy Co., Inc.
|
3,907
|
271,435
|
Home Depot, Inc. (The)
|
1,784
|
538,997
|
Lowe's Cos., Inc.
|
1,189
|
247,090
|
TJX Cos., Inc. (The)
|
8,436
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749,790
|
|
|
1,807,312
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Technology Hardware, Storage & Peripherals — 0.9%
|
||
Apple, Inc.
|
898
|
153,741
|
Seagate Technology Holdings plc
|
4,102
|
270,526
|
|
|
424,267
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Tobacco — 2.0%
|
||
Philip Morris International, Inc.
|
9,556
|
884,714
|
Total Common Stocks
(Cost $33,047,844)
|
|
44,631,452
|
Short-Term Investments — 0.2%
|
||
Investment Companies — 0.2%
|
||
JPMorgan Prime Money Market Fund Class IM Shares, 5.48% (a) (b)
(Cost $82,415)
|
82,392
|
82,416
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Total Investments — 99.8%
(Cost $33,130,259)
|
|
44,713,868
|
Other Assets Less Liabilities — 0.2%
|
|
109,780
|
NET ASSETS — 100.0%
|
|
44,823,648
|
Percentages indicated are based on net assets.
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Abbreviations
|
|
REIT
|
Real Estate Investment Trust
|
(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 September 30, 2023.
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Total Investments in Securities (a)
|
$44,713,868
|
$—
|
$—
|
$44,713,868
|
|
|
(a)
|
Please refer to the SOI for specifics of portfolio holdings.
|
|
|||||||||
For the period ended September 30, 2023
|
|||||||||
Security Description
|
Value at
June 30,
2023
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
September 30,
2023
|
Shares at
September 30,
2023
|
Dividend
Income
|
Capital Gain
Distributions
|
JPMorgan Prime Money Market Fund
Class IM Shares, 5.48% (a) (b)
|
$951,382
|
$702,005
|
$1,570,986
|
$70
|
$(55
)
|
$82,416
|
82,392
|
$3,403
|
$—
|
JPMorgan Securities Lending Money Market
Fund Agency SL Class Shares, 5.52%
(a) (b)
|
—
|
104,000
|
104,000
|
—
|
—
|
—
|
—
|
155
|
—
|
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.27% (a) (b)
|
—
|
108,268
|
108,268
|
—
|
—
|
—
|
—
|
103
|
—
|
Total
|
$951,382
|
$914,273
|
$1,783,254
|
$70
|
$(55
)
|
$82,416
|
|
$3,661
|
$—
|
|
|
(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 September 30, 2023.
|