JPMorgan Insurance Trust Global Allocation Portfolio
Schedule of Portfolio Investments as of March 31, 2022
(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.
JPMorgan Distribution Services, Inc., member FINRA.
© J.P. Morgan Chase & Co., 2022.
|
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited)
| Investments | Shares (000) | Value ($000) | ||||||
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| LONG POSITIONS — 99.1% |
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| COMMON STOCKS — 49.3% |
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| Australia — 0.8% |
| |||||||
| Ampol Ltd. |
— | (a) | 3 | |||||
| APA Group |
— | (a) | 3 | |||||
| Aristocrat Leisure Ltd. |
— | (a) | 6 | |||||
| Aurizon Holdings Ltd. |
1 | 2 | ||||||
| Australia & New Zealand Banking Group Ltd. |
1 | 19 | ||||||
| BHP Group Ltd. |
8 | 291 | ||||||
| BHP Group Ltd. |
1 | 50 | ||||||
| BlueScope Steel Ltd. |
— | (a) | 2 | |||||
| Brambles Ltd. |
1 | 6 | ||||||
| Cochlear Ltd. |
— | (a) | 3 | |||||
| Coles Group Ltd. |
1 | 13 | ||||||
| Commonwealth Bank of Australia |
1 | 65 | ||||||
| Computershare Ltd. |
— | (a) | 3 | |||||
| CSL Ltd. |
— | (a) | 43 | |||||
| Endeavour Group Ltd. |
1 | 4 | ||||||
| Fortescue Metals Group Ltd. |
— | (a) | 5 | |||||
| Glencore plc * |
4 | 25 | ||||||
| Goodman Group, REIT |
1 | 16 | ||||||
| GPT Group (The), REIT |
2 | 8 | ||||||
| Insurance Australia Group Ltd. |
2 | 6 | ||||||
| LendLease Corp. Ltd. |
— | (a) | 4 | |||||
| Macquarie Group Ltd. |
— | (a) | 23 | |||||
| Medibank Pvt Ltd. |
2 | 4 | ||||||
| Mirvac Group, REIT |
6 | 11 | ||||||
| National Australia Bank Ltd. |
1 | 24 | ||||||
| Newcrest Mining Ltd. |
— | (a) | 9 | |||||
| Origin Energy Ltd. |
1 | 5 | ||||||
| QBE Insurance Group Ltd. |
1 | 12 | ||||||
| Ramsay Health Care Ltd. |
— | (a) | 6 | |||||
| REA Group Ltd. |
— | (a) | 2 | |||||
| Rio Tinto Ltd. |
— | (a) | 21 | |||||
| Rio Tinto plc |
2 | 165 | ||||||
| Santos Ltd. |
2 | 11 | ||||||
| South32 Ltd. |
2 | 6 | ||||||
| Stockland, REIT |
1 | 3 | ||||||
| Tabcorp Holdings Ltd. |
1 | 3 | ||||||
| Telstra Corp. Ltd. |
3 | 8 | ||||||
| Transurban Group |
1 | 10 | ||||||
| Wesfarmers Ltd. |
— | (a) | 16 | |||||
| Westpac Banking Corp. |
2 | 31 | ||||||
| Woodside Petroleum Ltd. |
— | (a) | 7 | |||||
| Woolworths Group Ltd. |
1 | 20 | ||||||
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|||||||
| 974 | ||||||||
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|||||||
| Belgium — 0.4% |
||||||||
| Anheuser-Busch InBev SA |
— | (a) | 13 | |||||
| KBC Group NV |
7 | 532 | ||||||
|
|
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|||||||
| 545 | ||||||||
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| Canada — 0.3% |
| |||||||
| Canadian National Railway Co. |
1 | 175 | ||||||
| Fairfax Financial Holdings Ltd. |
— | (a) | 47 | |||||
| Toronto-Dominion Bank (The) |
2 | 185 | ||||||
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|||||||
| 407 | ||||||||
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| China — 0.7% |
||||||||
| Alibaba Group Holding Ltd. * |
3 | 42 | ||||||
| BOC Hong Kong Holdings Ltd. |
3 | 11 | ||||||
| Budweiser Brewing Co. APAC Ltd. (b) |
1 | 2 | ||||||
| JD.com, Inc., Class A * |
— | (a) | 7 | |||||
| NXP Semiconductors NV |
4 | 651 | ||||||
| Prosus NV * |
— | (a) | 26 | |||||
| Tencent Holdings Ltd. |
3 | 143 | ||||||
| Wilmar International Ltd. |
1 | 5 | ||||||
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|||||||
| 887 | ||||||||
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| Denmark — 1.2% |
||||||||
| AP Moller — Maersk A/S, Class B |
— | (a) | 6 | |||||
| Carlsberg A/S, Class B |
3 | 400 | ||||||
| Coloplast A/S, Class B |
1 | 94 | ||||||
| DSV A/S |
— | (a) | 11 | |||||
| Genmab A/S * |
— | (a) | 13 | |||||
| Novo Nordisk A/S, Class B |
8 | 874 | ||||||
| Orsted A/S * (b) |
— | (a) | 56 | |||||
| Vestas Wind Systems A/S |
1 | 22 | ||||||
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|||||||
| 1,476 | ||||||||
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| Finland — 0.1% |
||||||||
| Elisa OYJ |
— | (a) | 28 | |||||
| Kone OYJ, Class B |
1 | 54 | ||||||
| Nokia OYJ * |
4 | 22 | ||||||
| Nordea Bank Abp |
4 | 37 | ||||||
|
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|
|||||||
| 141 | ||||||||
|
|
|
|||||||
| France — 3.2% |
||||||||
| Air Liquide SA |
1 | 91 | ||||||
| Airbus SE * |
4 | 487 | ||||||
| Alstom SA |
— | (a) | 9 | |||||
| AXA SA |
1 | 21 | ||||||
| BNP Paribas SA |
1 | 58 | ||||||
| Capgemini SE |
2 | 540 | ||||||
| Credit Agricole SA |
18 | 216 | ||||||
| Dassault Systemes SE |
1 | 29 | ||||||
| EssilorLuxottica SA |
— | (a) | 20 | |||||
| Hermes International |
— | (a) | 13 | |||||
| Kering SA |
— | (a) | 44 | |||||
| Legrand SA |
— | (a) | 6 | |||||
| L’Oreal SA |
1 | 234 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
2 | 1,086 | ||||||
| Pernod Ricard SA |
— | (a) | 49 | |||||
| Safran SA |
3 | 330 | ||||||
| Sanofi |
— | (a) | 51 | |||||
| Societe Generale SA |
1 | 26 | ||||||
| TotalEnergies SE (c) |
2 | 88 | ||||||
| Veolia Environnement SA |
2 | 52 | ||||||
| Vinci SA |
7 | 672 | ||||||
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| 4,122 | ||||||||
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| Germany — 1.8% |
||||||||
| adidas AG |
1 | 245 | ||||||
| Allianz SE (Registered) |
2 | 475 | ||||||
| BASF SE |
— | (a) | 22 | |||||
| Bayer AG (Registered) |
— | (a) | 30 | |||||
| Deutsche Boerse AG |
— | (a) | 10 | |||||
| Deutsche Post AG (Registered) |
6 | 282 | ||||||
| Deutsche Telekom AG (Registered) |
4 | 75 | ||||||
| Infineon Technologies AG |
1 | 44 | ||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Shares (000) | Value ($000) | ||||||
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||||
| Mercedes-Benz Group AG |
— | (a) | 21 | |||||
| Merck KGaA |
— | (a) | 33 | |||||
| Muenchener Rueckversicherungs-Gesellschaft AG (Registered) |
— | (a) | 57 | |||||
| RWE AG |
13 | 561 | ||||||
| SAP SE |
— | (a) | 55 | |||||
| Siemens AG (Registered) |
— | (a) | 56 | |||||
| Volkswagen AG (Preference) |
2 | 316 | ||||||
| Vonovia SE |
1 | 43 | ||||||
| Zalando SE * (b) |
— | (a) | 20 | |||||
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|||||||
| 2,345 | ||||||||
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| Hong Kong — 0.4% |
| |||||||
| AIA Group Ltd. |
24 | 249 | ||||||
| CK Asset Holdings Ltd. |
1 | 7 | ||||||
| CK Infrastructure Holdings Ltd. |
1 | 3 | ||||||
| CLP Holdings Ltd. |
1 | 10 | ||||||
| Hang Seng Bank Ltd. |
— | (a) | 6 | |||||
| HKT Trust & HKT Ltd. |
2 | 3 | ||||||
| Hong Kong & China Gas Co. Ltd. |
2 | 3 | ||||||
| Hong Kong Exchanges & Clearing Ltd. |
3 | 155 | ||||||
| Hongkong Land Holdings Ltd. |
1 | 2 | ||||||
| Jardine Matheson Holdings Ltd. |
— | (a) | 5 | |||||
| Link, REIT |
1 | 9 | ||||||
| MTR Corp. Ltd. |
1 | 5 | ||||||
| New World Development Co. Ltd. |
1 | 2 | ||||||
| Power Assets Holdings Ltd. |
1 | 3 | ||||||
| Sun Hung Kai Properties Ltd. |
1 | 6 | ||||||
| Techtronic Industries Co. Ltd. |
1 | 16 | ||||||
| WH Group Ltd. (b) |
4 | 3 | ||||||
| Wharf Real Estate Investment Co. Ltd. |
1 | 5 | ||||||
| Xinyi Glass Holdings Ltd. |
1 | 2 | ||||||
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|
|||||||
| 494 | ||||||||
|
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| India — 0.3% |
| |||||||
| HDFC Bank Ltd., ADR |
6 | 362 | ||||||
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|||||||
| Indonesia — 0.1% |
| |||||||
| Bank Central Asia Tbk. PT |
197 | 110 | ||||||
|
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|||||||
| Ireland — 0.0%(d) |
| |||||||
| CRH plc |
— | (a) | 10 | |||||
| Flutter Entertainment plc * |
— | (a) | 4 | |||||
| Kingspan Group plc |
— | (a) | 28 | |||||
| Kingspan Group plc |
— | (a) | 15 | |||||
|
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|||||||
| 57 | ||||||||
|
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| Italy — 0.1% |
| |||||||
| Enel SpA |
3 | 21 | ||||||
| Ferrari NV |
— | (a) | 66 | |||||
| Ferrari NV (c) |
— | (a) | 5 | |||||
| FinecoBank Banca Fineco SpA |
2 | 28 | ||||||
| Intesa Sanpaolo SpA |
3 | 6 | ||||||
| UniCredit SpA |
2 | 24 | ||||||
|
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|||||||
| 150 | ||||||||
|
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| Japan — 2.4% |
| |||||||
| Aeon Co. Ltd. |
— | (a) | 4 | |||||
| AGC, Inc. |
— | (a) | 8 | |||||
| Aisin Corp. |
— | (a) | 3 | |||||
| Ajinomoto Co., Inc. |
— | (a) | 9 | |||||
| Asahi Group Holdings Ltd. |
1 | 22 | ||||||
| Asahi Kasei Corp. |
2 | 16 | ||||||
| Astellas Pharma, Inc. |
1 | 11 | ||||||
| Bridgestone Corp. |
5 | 182 | ||||||
| Canon, Inc. |
— | (a) | 10 | |||||
| Capcom Co. Ltd. |
— | (a) | 7 | |||||
| Central Japan Railway Co. |
— | (a) | 26 | |||||
| Chubu Electric Power Co., Inc. |
1 | 6 | ||||||
| Chugai Pharmaceutical Co. Ltd. |
— | (a) | 10 | |||||
| CyberAgent, Inc. |
— | (a) | 5 | |||||
| Dai Nippon Printing Co. Ltd. |
— | (a) | 2 | |||||
| Dai-ichi Life Holdings, Inc. |
— | (a) | 2 | |||||
| Daiichi Sankyo Co. Ltd. |
1 | 31 | ||||||
| Daikin Industries Ltd. |
— | (a) | 18 | |||||
| Daiwa House Industry Co. Ltd. |
1 | 13 | ||||||
| Daiwa Securities Group, Inc. |
1 | 3 | ||||||
| Denso Corp. |
— | (a) | 13 | |||||
| Dentsu Group, Inc. |
1 | 20 | ||||||
| East Japan Railway Co. |
— | (a) | 17 | |||||
| Eisai Co. Ltd. |
— | (a) | 5 | |||||
| ENEOS Holdings, Inc. |
1 | 2 | ||||||
| FANUC Corp. |
— | (a) | 35 | |||||
| Fuji Electric Co. Ltd. |
— | (a) | 20 | |||||
| FUJIFILM Holdings Corp. |
— | (a) | 12 | |||||
| Fujitsu Ltd. |
— | (a) | 15 | |||||
| Hitachi Ltd. |
1 | 40 | ||||||
| Honda Motor Co. Ltd. |
7 | 193 | ||||||
| Hoya Corp. |
1 | 114 | ||||||
| Ibiden Co. Ltd. |
— | (a) | 5 | |||||
| Inpex Corp. |
1 | 8 | ||||||
| Isuzu Motors Ltd. |
1 | 13 | ||||||
| ITOCHU Corp. |
1 | 41 | ||||||
| Japan Exchange Group, Inc. |
1 | 15 | ||||||
| Japan Post Holdings Co. Ltd. |
— | (a) | 1 | |||||
| Japan Real Estate Investment Corp., REIT |
— | (a) | 10 | |||||
| Japan Tobacco, Inc. |
— | (a) | 7 | |||||
| Kansai Electric Power Co., Inc. (The) |
— | (a) | 3 | |||||
| Kao Corp. |
— | (a) | 16 | |||||
| KDDI Corp. |
1 | 33 | ||||||
| Keyence Corp. |
— | (a) | 139 | |||||
| Kintetsu Group Holdings Co. Ltd. |
— | (a) | 11 | |||||
| Kirin Holdings Co. Ltd. |
1 | 7 | ||||||
| Komatsu Ltd. |
— | (a) | 5 | |||||
| Konami Holdings Corp. |
— | (a) | 13 | |||||
| Kubota Corp. |
1 | 21 | ||||||
| Kyocera Corp. |
— | (a) | 17 | |||||
| Kyowa Kirin Co. Ltd. |
1 | 30 | ||||||
| M3, Inc. |
— | (a) | 11 | |||||
| MEIJI Holdings Co. Ltd. |
— | (a) | 5 | |||||
| MINEBEA MITSUMI, Inc. |
1 | 11 | ||||||
| MISUMI Group, Inc. |
— | (a) | 12 | |||||
| Mitsubishi Chemical Holdings Corp. |
1 | 9 | ||||||
| Mitsubishi Corp. |
1 | 41 | ||||||
| Mitsubishi Electric Corp. |
1 | 11 | ||||||
| Mitsubishi Estate Co. Ltd. |
1 | 12 | ||||||
| Mitsubishi Heavy Industries Ltd. |
— | (a) | 3 | |||||
| Mitsubishi UFJ Financial Group, Inc. |
10 | 61 | ||||||
| Mitsui & Co. Ltd. |
1 | 24 | ||||||
| Mitsui Chemicals, Inc. |
— | (a) | 10 | |||||
| Mitsui Fudosan Co. Ltd. |
1 | 21 | ||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Shares (000) | Value ($000) | ||||||
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| Mizuho Financial Group, Inc. |
1 | 11 | ||||||
| MonotaRO Co. Ltd. |
— | (a) | 4 | |||||
| MS&AD Insurance Group Holdings, Inc. |
— | (a) | 6 | |||||
| Murata Manufacturing Co. Ltd. |
1 | 33 | ||||||
| Nexon Co. Ltd. |
— | (a) | 5 | |||||
| Nidec Corp. |
— | (a) | 24 | |||||
| Nihon M&A Center Holdings, Inc. |
— | (a) | 3 | |||||
| Nintendo Co. Ltd. |
— | (a) | 50 | |||||
| Nippon Building Fund, Inc., REIT |
— | (a) | 11 | |||||
| Nippon Express Holdings, Inc. |
— | (a) | 14 | |||||
| Nippon Paint Holdings Co. Ltd. |
1 | 6 | ||||||
| Nippon Prologis REIT, Inc., REIT |
— | (a) | 9 | |||||
| Nippon Steel Corp. |
1 | 14 | ||||||
| Nippon Telegraph & Telephone Corp. |
1 | 38 | ||||||
| Nippon Yusen KK |
— | (a) | 9 | |||||
| Nissan Motor Co. Ltd. * |
1 | 6 | ||||||
| Nissin Foods Holdings Co. Ltd. |
— | (a) | 7 | |||||
| Nitori Holdings Co. Ltd. |
— | (a) | 13 | |||||
| Nitto Denko Corp. |
— | (a) | 7 | |||||
| Nomura Holdings, Inc. |
1 | 3 | ||||||
| Nomura Research Institute Ltd. |
— | (a) | 13 | |||||
| Obayashi Corp. |
1 | 9 | ||||||
| Olympus Corp. |
1 | 17 | ||||||
| Ono Pharmaceutical Co. Ltd. |
1 | 18 | ||||||
| Oriental Land Co. Ltd. |
— | (a) | 19 | |||||
| ORIX Corp. |
1 | 22 | ||||||
| Otsuka Corp. |
— | (a) | 11 | |||||
| Otsuka Holdings Co. Ltd. |
— | (a) | 7 | |||||
| Panasonic Holdings Corp. |
1 | 8 | ||||||
| Rakuten Group, Inc. |
1 | 5 | ||||||
| Recruit Holdings Co. Ltd. |
1 | 39 | ||||||
| Renesas Electronics Corp. * |
1 | 7 | ||||||
| Resona Holdings, Inc. |
2 | 6 | ||||||
| Rohm Co. Ltd. |
— | (a) | 8 | |||||
| Ryohin Keikaku Co. Ltd. |
1 | 10 | ||||||
| SBI Holdings, Inc. |
— | (a) | 10 | |||||
| SCSK Corp. |
— | (a) | 7 | |||||
| Secom Co. Ltd. |
— | (a) | 7 | |||||
| Sekisui House Ltd. |
1 | 14 | ||||||
| Seven & i Holdings Co. Ltd. |
1 | 38 | ||||||
| Shimadzu Corp. |
— | (a) | 10 | |||||
| Shin-Etsu Chemical Co. Ltd. |
2 | 273 | ||||||
| Shionogi & Co. Ltd. |
— | (a) | 18 | |||||
| Shiseido Co. Ltd. |
— | (a) | 10 | |||||
| SoftBank Corp. |
1 | 11 | ||||||
| SoftBank Group Corp. |
1 | 36 | ||||||
| Sompo Holdings, Inc. |
— | (a) | 4 | |||||
| Sony Group Corp. |
2 | 226 | ||||||
| Stanley Electric Co. Ltd. |
— | (a) | 2 | |||||
| Subaru Corp. |
— | (a) | 2 | |||||
| Sumitomo Electric Industries Ltd. |
1 | 8 | ||||||
| Sumitomo Metal Mining Co. Ltd. |
— | (a) | 20 | |||||
| Sumitomo Mitsui Financial Group, Inc. |
1 | 35 | ||||||
| Sumitomo Mitsui Trust Holdings, Inc. |
1 | 16 | ||||||
| Sumitomo Realty & Development Co. Ltd. |
— | (a) | 3 | |||||
| Suntory Beverage & Food Ltd. |
— | (a) | 4 | |||||
| Suzuki Motor Corp. |
— | (a) | 14 | |||||
| T&D Holdings, Inc. |
1 | 14 | ||||||
| Taisei Corp. |
— | (a) | 9 | |||||
| Takeda Pharmaceutical Co. Ltd. |
1 | 23 | ||||||
| TDK Corp. |
— | (a) | 4 | |||||
| Terumo Corp. |
1 | 18 | ||||||
| Tokio Marine Holdings, Inc. |
1 | 35 | ||||||
| Tokyo Electric Power Co. Holdings, Inc. * |
— | (a) | 1 | |||||
| Tokyo Electron Ltd. |
— | (a) | 51 | |||||
| Tokyo Gas Co. Ltd. |
1 | 11 | ||||||
| Toppan, Inc. |
— | (a) | 2 | |||||
| Toshiba Corp. |
— | (a) | 8 | |||||
| TOTO Ltd. |
— | (a) | 4 | |||||
| Toyota Motor Corp. |
7 | 123 | ||||||
| Toyota Tsusho Corp. |
— | (a) | 4 | |||||
| Unicharm Corp. |
— | (a) | 11 | |||||
| Yakult Honsha Co. Ltd. |
— | (a) | 11 | |||||
| Yamato Holdings Co. Ltd. |
1 | 11 | ||||||
| Z Holdings Corp. |
— | (a) | 2 | |||||
| ZOZO, Inc. |
— | (a) | 8 | |||||
|
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| 3,090 | ||||||||
|
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| Macau — 0.0% (d) |
| |||||||
| Sands China Ltd. * |
3 | 8 | ||||||
|
|
|
|||||||
| Netherlands — 0.9% |
| |||||||
| Adyen NV * (b) |
— | (a) | 103 | |||||
| Akzo Nobel NV |
— | (a) | 33 | |||||
| ASML Holding NV |
1 | 371 | ||||||
| Heineken NV |
— | (a) | 7 | |||||
| ING Groep NV |
1 | 15 | ||||||
| Koninklijke Ahold Delhaize NV |
1 | 31 | ||||||
| Koninklijke DSM NV |
— | (a) | 46 | |||||
| Koninklijke KPN NV |
12 | 43 | ||||||
| Koninklijke Philips NV |
— | (a) | 12 | |||||
| NN Group NV |
1 | 49 | ||||||
| Shell plc |
13 | 362 | ||||||
| Wolters Kluwer NV |
— | (a) | 39 | |||||
|
|
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|||||||
| 1,111 | ||||||||
|
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| New Zealand — 0.0% (d) |
| |||||||
| Fisher & Paykel Healthcare Corp. Ltd. |
— | (a) | 4 | |||||
| Xero Ltd. * (c) |
— | (a) | 7 | |||||
|
|
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|||||||
| 11 | ||||||||
|
|
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|||||||
| Singapore — 0.4% |
| |||||||
| Ascendas, REIT |
1 | 2 | ||||||
| CapitaLand Integrated Commercial Trust, REIT |
3 | 4 | ||||||
| Capitaland Investment Ltd. * |
3 | 8 | ||||||
| DBS Group Holdings Ltd. |
20 | 516 | ||||||
| Oversea-Chinese Banking Corp. Ltd. |
2 | 14 | ||||||
| Singapore Exchange Ltd. |
1 | 5 | ||||||
| Singapore Technologies Engineering Ltd. |
1 | 3 | ||||||
| Singapore Telecommunications Ltd. |
2 | 4 | ||||||
| United Overseas Bank Ltd. |
— | (a) | 5 | |||||
| Venture Corp. Ltd. |
— | (a) | 3 | |||||
|
|
|
|||||||
| 564 | ||||||||
|
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| South Africa — 0.2% |
| |||||||
| Anglo American plc |
5 | 244 | ||||||
|
|
|
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JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Shares (000) | Value ($000) | ||||||
|
|
|
|
|
|
||||
| South Korea — 0.4% |
| |||||||
| Delivery Hero SE * (b) |
1 | 36 | ||||||
| Samsung Electronics Co. Ltd. |
8 | 454 | ||||||
|
|
|
|||||||
| 490 | ||||||||
|
|
|
|||||||
| Spain — 0.3% |
| |||||||
| Banco Bilbao Vizcaya Argentaria SA |
8 | 48 | ||||||
| Banco Santander SA |
4 | 14 | ||||||
| CaixaBank SA |
9 | 31 | ||||||
| Cellnex Telecom SA (b) |
— | (a) | 14 | |||||
| Endesa SA |
1 | 31 | ||||||
| Iberdrola SA |
25 | 274 | ||||||
| Industria de Diseno Textil SA |
1 | 29 | ||||||
|
|
|
|||||||
| 441 | ||||||||
|
|
|
|||||||
| Sweden — 0.6% |
| |||||||
| Assa Abloy AB, Class B |
— | (a) | 7 | |||||
| Atlas Copco AB, Class A |
3 | 149 | ||||||
| Atlas Copco AB, Class B |
— | (a) | 8 | |||||
| Boliden AB |
1 | 30 | ||||||
| Investor AB, Class B |
1 | 18 | ||||||
| Lundin Energy AB |
1 | 42 | ||||||
| Sandvik AB |
1 | 17 | ||||||
| SKF AB, Class B (c) |
1 | 20 | ||||||
| Telefonaktiebolaget LM Ericsson, Class B |
— | (a) | 4 | |||||
| Volvo AB, Class B |
24 | 442 | ||||||
|
|
|
|||||||
| 737 | ||||||||
|
|
|
|||||||
| Switzerland — 1.4% |
| |||||||
| ABB Ltd. (Registered) |
1 | 27 | ||||||
| Adecco Group AG (Registered) |
— | (a) | 14 | |||||
| Alcon, Inc. |
— | (a) | 14 | |||||
| Cie Financiere Richemont SA (Registered) |
— | (a) | 24 | |||||
| Givaudan SA (Registered) |
— | (a) | 58 | |||||
| Julius Baer Group Ltd. |
— | (a) | 18 | |||||
| Lonza Group AG (Registered) |
— | (a) | 208 | |||||
| Nestle SA (Registered) |
4 | 513 | ||||||
| Novartis AG (Registered) |
2 | 139 | ||||||
| Partners Group Holding AG |
— | (a) | 10 | |||||
| Roche Holding AG |
1 | 427 | ||||||
| SGS SA (Registered) |
— | (a) | 139 | |||||
| Sika AG (Registered) |
— | (a) | 64 | |||||
| Straumann Holding AG (Registered) |
— | (a) | 8 | |||||
| UBS Group AG (Registered) |
2 | 41 | ||||||
| Zurich Insurance Group AG |
— | (a) | 84 | |||||
|
|
|
|||||||
| 1,788 | ||||||||
|
|
|
|||||||
| Taiwan — 0.4% |
| |||||||
| Sea Ltd., ADR * |
1 | 62 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR |
5 | 506 | ||||||
|
|
|
|||||||
| 568 | ||||||||
|
|
|
|||||||
| United Kingdom — 1.6% |
| |||||||
| 3i Group plc |
3 | 52 | ||||||
| Ashtead Group plc |
— | (a) | 9 | |||||
| AstraZeneca plc |
1 | 134 | ||||||
| BAE Systems plc |
1 | 8 | ||||||
| Barclays plc |
23 | 44 | ||||||
| Berkeley Group Holdings plc * |
1 | 32 | ||||||
| BP plc |
75 | 365 | ||||||
| British American Tobacco plc |
1 | 38 | ||||||
| CK Hutchison Holdings Ltd. |
2 | 11 | ||||||
| Compass Group plc |
1 | 15 | ||||||
| DCC plc |
— | (a) | 27 | |||||
| Diageo plc |
6 | 324 | ||||||
| Direct Line Insurance Group plc |
3 | 12 | ||||||
| Experian plc |
— | (a) | 7 | |||||
| HSBC Holdings plc |
7 | 49 | ||||||
| InterContinental Hotels Group plc |
1 | 49 | ||||||
| Intertek Group plc |
— | (a) | 29 | |||||
| Linde plc |
— | (a) | 156 | |||||
| Lloyds Banking Group plc |
87 | 53 | ||||||
| London Stock Exchange Group plc |
— | (a) | 3 | |||||
| Next plc |
— | (a) | 22 | |||||
| Persimmon plc |
3 | 78 | ||||||
| Prudential plc |
1 | 21 | ||||||
| Reckitt Benckiser Group plc |
1 | 70 | ||||||
| RELX plc |
3 | 84 | ||||||
| RELX plc |
5 | 154 | ||||||
| Smith & Nephew plc |
1 | 8 | ||||||
| SSE plc |
— | (a) | 9 | |||||
| Standard Chartered plc |
6 | 42 | ||||||
| Taylor Wimpey plc |
9 | 15 | ||||||
| Tesco plc |
7 | 24 | ||||||
| Unilever plc |
1 | 28 | ||||||
| Unilever plc |
1 | 25 | ||||||
|
|
|
|||||||
| 1,997 | ||||||||
|
|
|
|||||||
| United States — 31.3% |
| |||||||
| AbbVie, Inc. |
5 | 884 | ||||||
| Advanced Micro Devices, Inc. * |
3 | 344 | ||||||
| Airbnb, Inc., Class A * |
— | (a) | 31 | |||||
| Alleghany Corp. * |
— | (a) | 45 | |||||
| Alnylam Pharmaceuticals, Inc. * |
— | (a) | 78 | |||||
| Alphabet, Inc., Class C * (e) |
— | (a) | 922 | |||||
| Amazon.com, Inc. * (e) |
1 | 2,103 | ||||||
| American Electric Power Co., Inc. |
— | (a) | 45 | |||||
| American Express Co. |
3 | 530 | ||||||
| American Homes 4 Rent, Class A, REIT |
1 | 33 | ||||||
| American International Group, Inc. |
1 | 78 | ||||||
| AmerisourceBergen Corp. |
— | (a) | 71 | |||||
| AMETEK, Inc. |
1 | 105 | ||||||
| Analog Devices, Inc. |
3 | 427 | ||||||
| Apple Hospitality REIT, Inc., REIT |
1 | 24 | ||||||
| Apple, Inc.(e) |
10 | 1,802 | ||||||
| Arista Networks, Inc. * |
1 | 90 | ||||||
| AutoZone, Inc. * |
— | (a) | 98 | |||||
| Axalta Coating Systems Ltd. * |
1 | 19 | ||||||
| Baker Hughes Co. |
6 | 204 | ||||||
| Bank of America Corp. |
19 | 765 | ||||||
| BellRing Brands, Inc. * |
1 | 21 | ||||||
| Berkshire Hathaway, Inc., Class B * |
1 | 267 | ||||||
| Best Buy Co., Inc. |
— | (a) | 42 | |||||
| BlackRock, Inc. |
— | (a) | 80 | |||||
| Blackstone, Inc. |
1 | 151 | ||||||
| Booking Holdings, Inc. * |
— | (a) | 505 | |||||
| Boston Scientific Corp. * |
13 | 560 | ||||||
| Bright Horizons Family Solutions, Inc. * |
1 | 75 | ||||||
| Bristol-Myers Squibb Co. |
9 | 659 | ||||||
| Brixmor Property Group, Inc., REIT |
2 | 49 | ||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Shares (000) | Value ($000) | ||||||
|
|
|
|
|
|
||||
| Bumble, Inc., Class A * |
2 | 72 | ||||||
| Burlington Stores, Inc. * |
— | (a) | 55 | |||||
| Capital One Financial Corp. |
1 | 104 | ||||||
| Carlisle Cos., Inc. (e) |
— | (a) | 43 | |||||
| CarMax, Inc. * |
— | (a) | 45 | |||||
| Catalent, Inc. * |
1 | 100 | ||||||
| CBRE Group, Inc., Class A * |
— | (a) | 31 | |||||
| Celanese Corp. |
— | (a) | 14 | |||||
| Centene Corp. * |
2 | 150 | ||||||
| Charles Schwab Corp. (The) |
2 | 210 | ||||||
| Charter Communications, Inc., Class A * |
1 | 385 | ||||||
| Cheniere Energy, Inc. |
— | (a) | 46 | |||||
| Chevron Corp. |
3 | 434 | ||||||
| Chubb Ltd. |
— | (a) | 57 | |||||
| Cigna Corp. |
— | (a) | 33 | |||||
| Cisco Systems, Inc. |
1 | 36 | ||||||
| Citigroup, Inc. |
4 | 224 | ||||||
| Citizens Financial Group, Inc. |
2 | 77 | ||||||
| CNA Financial Corp. |
— | (a) | 22 | |||||
| Coca-Cola Co. (The) |
4 | 279 | ||||||
| Columbia Sportswear Co. |
— | (a) | 31 | |||||
| CommScope Holding Co., Inc. * |
2 | 12 | ||||||
| Confluent, Inc., Class A * |
1 | 45 | ||||||
| ConocoPhillips |
4 | 447 | ||||||
| Constellation Brands, Inc., Class A |
2 | 371 | ||||||
| Cooper Cos., Inc. (The) |
— | (a) | 105 | |||||
| Copart, Inc. * |
1 | 114 | ||||||
| Coterra Energy, Inc. |
2 | 58 | ||||||
| Cracker Barrel Old Country Store, Inc. |
— | (a) | 20 | |||||
| Crowdstrike Holdings, Inc., Class A * |
— | (a) | 50 | |||||
| CVS Health Corp. |
1 | 79 | ||||||
| Deere & Co. |
— | (a) | 171 | |||||
| Dexcom, Inc. * |
— | (a) | 120 | |||||
| Diamondback Energy, Inc. |
— | (a) | 27 | |||||
| Dick’s Sporting Goods, Inc.(c) |
— | (a) | 35 | |||||
| DISH Network Corp., Class A * |
1 | 31 | ||||||
| Dollar General Corp. |
— | (a) | 50 | |||||
| Dover Corp. |
— | (a) | 68 | |||||
| Eastman Chemical Co. |
2 | 257 | ||||||
| Eaton Corp. plc |
3 | 394 | ||||||
| Edison International |
1 | 36 | ||||||
| Energizer Holdings, Inc. |
1 | 30 | ||||||
| Entegris, Inc. |
1 | 101 | ||||||
| Entergy Corp. |
— | (a) | 36 | |||||
| EOG Resources, Inc. |
1 | 134 | ||||||
| Equifax, Inc. |
— | (a) | 92 | |||||
| Estee Lauder Cos., Inc. (The), Class A |
— | (a) | 80 | |||||
| Exact Sciences Corp. * |
1 | 48 | ||||||
| Exelixis, Inc. * |
2 | 52 | ||||||
| Exelon Corp. |
1 | 30 | ||||||
| Federal Realty Investment Trust, REIT |
— | (a) | 36 | |||||
| FedEx Corp. |
— | (a) | 57 | |||||
| Ferguson plc |
1 | 136 | ||||||
| First Republic Bank |
— | (a) | 66 | |||||
| FirstEnergy Corp. |
— | (a) | 13 | |||||
| FleetCor Technologies, Inc. * |
— | (a) | 38 | |||||
| Fortune Brands Home & Security, Inc. |
— | (a) | 28 | |||||
| Freeport-McMoRan, Inc. |
2 | 98 | ||||||
| Gap, Inc. (The) |
3 | 36 | ||||||
| Garmin Ltd. |
1 | 63 | ||||||
| Generac Holdings, Inc. * |
— | (a) | 77 | |||||
| General Dynamics Corp. |
— | (a) | 52 | |||||
| GlaxoSmithKline plc |
2 | 51 | ||||||
| Global Payments, Inc. |
1 | 81 | ||||||
| Hartford Financial Services Group, Inc. (The) |
1 | 46 | ||||||
| HCA Healthcare, Inc. |
— | (a) | 21 | |||||
| Henry Schein, Inc. * |
1 | 46 | ||||||
| Hilton Worldwide Holdings, Inc. * |
1 | 112 | ||||||
| Home Depot, Inc. (The) |
1 | 172 | ||||||
| Honeywell International, Inc. |
— | (a) | 45 | |||||
| Horizon Therapeutics plc * |
1 | 113 | ||||||
| HubSpot, Inc. * |
— | (a) | 77 | |||||
| Ingersoll Rand, Inc. |
8 | 420 | ||||||
| Insulet Corp. * |
— | (a) | 63 | |||||
| InterActiveCorp. * |
— | (a) | 28 | |||||
| International Business Machines Corp. |
— | (a) | 46 | |||||
| Intuit, Inc. |
— | (a) | 123 | |||||
| Intuitive Surgical, Inc. * |
— | (a) | 110 | |||||
| Invesco Ltd. |
1 | 34 | ||||||
| ITT, Inc. |
— | (a) | 30 | |||||
| James Hardie Industries plc, CHDI |
— | (a) | 9 | |||||
| Jazz Pharmaceuticals plc * |
1 | 81 | ||||||
| JBG SMITH Properties, REIT |
1 | 24 | ||||||
| Johnson & Johnson |
— | (a) | 85 | |||||
| Keurig Dr Pepper, Inc. |
1 | 33 | ||||||
| Keysight Technologies, Inc. * |
1 | 80 | ||||||
| Kimco Realty Corp., REIT |
2 | 61 | ||||||
| Kinder Morgan, Inc. |
3 | 53 | ||||||
| Kohl’s Corp. |
1 | 53 | ||||||
| Kraft Heinz Co. (The) |
1 | 57 | ||||||
| Kyndryl Holdings, Inc. * |
1 | 13 | ||||||
| Lam Research Corp. |
1 | 365 | ||||||
| Lamar Advertising Co., Class A, REIT |
— | (a) | 17 | |||||
| Leidos Holdings, Inc. |
— | (a) | 52 | |||||
| Liberty Broadband Corp., Class C * |
— | (a) | 47 | |||||
| Liberty Media Corp.-Liberty SiriusXM, Class A * |
— | (a) | 15 | |||||
| Liberty Media Corp.-Liberty SiriusXM, Class C * |
1 | 62 | ||||||
| Loews Corp. (e) |
2 | 120 | ||||||
| Lowe’s Cos., Inc. |
— | (a) | 50 | |||||
| Lyft, Inc., Class A * |
14 | 530 | ||||||
| M&T Bank Corp. |
1 | 110 | ||||||
| Marathon Petroleum Corp. |
— | (a) | 33 | |||||
| Marriott International, Inc., Class A * |
3 | 532 | ||||||
| Marsh & McLennan Cos., Inc. |
— | (a) | 30 | |||||
| Martin Marietta Materials, Inc. |
— | (a) | 57 | |||||
| Mastercard, Inc., Class A (e) |
2 | 768 | ||||||
| McDonald’s Corp. |
3 | 622 | ||||||
| McKesson Corp. |
— | (a) | 101 | |||||
| Medtronic plc |
— | (a) | 36 | |||||
| Merck & Co., Inc. |
— | (a) | 36 | |||||
| Meta Platforms, Inc., Class A * |
3 | 776 | ||||||
| Mettler-Toledo International, Inc. * |
— | (a) | 52 | |||||
| Microsoft Corp. (e) |
7 | 2,298 | ||||||
| Mid-America Apartment Communities, Inc., REIT |
— | (a) | 40 | |||||
| Mohawk Industries, Inc. * |
— | (a) | 44 | |||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Shares (000) | Value ($000) | ||||||
|
|
|
|
|
|
||||
| MongoDB, Inc. * |
— | (a) | 75 | |||||
| Morgan Stanley |
— | (a) | 43 | |||||
| Murphy USA, Inc. |
— | (a) | 49 | |||||
| Natera, Inc. * |
1 | 31 | ||||||
| National Vision Holdings, Inc. * |
1 | 41 | ||||||
| Newell Brands, Inc. |
2 | 41 | ||||||
| Nexstar Media Group, Inc., Class A |
— | (a) | 37 | |||||
| NextEra Energy, Inc. |
6 | 511 | ||||||
| NIKE, Inc., Class B |
1 | 119 | ||||||
| Norfolk Southern Corp. |
1 | 412 | ||||||
| Northern Trust Corp. |
— | (a) | 49 | |||||
| Northrop Grumman Corp. |
— | (a) | 55 | |||||
| NVIDIA Corp. |
1 | 349 | ||||||
| Old Dominion Freight Line, Inc. |
— | (a) | 140 | |||||
| O’Reilly Automotive, Inc. * |
— | (a) | 91 | |||||
| Organon & Co. |
— | (a) | 16 | |||||
| PACCAR, Inc. |
1 | 106 | ||||||
| Packaging Corp. of America |
— | (a) | 68 | |||||
| Palo Alto Networks, Inc. * |
— | (a) | 155 | |||||
| Parker-Hannifin Corp. |
— | (a) | 6 | |||||
| PG&E Corp. * |
2 | 19 | ||||||
| Philip Morris International, Inc. |
— | (a) | 43 | |||||
| Phillips 66 |
1 | 47 | ||||||
| PNC Financial Services Group, Inc. (The) |
— | (a) | 78 | |||||
| Post Holdings, Inc. * |
1 | 47 | ||||||
| Procter & Gamble Co. (The) |
2 | 339 | ||||||
| Progressive Corp. (The) |
5 | 625 | ||||||
| Prologis, Inc., REIT |
2 | 272 | ||||||
| Public Storage, REIT |
— | (a) | 25 | |||||
| QUALCOMM, Inc. |
1 | 177 | ||||||
| Quanta Services, Inc. |
1 | 181 | ||||||
| Ralph Lauren Corp. |
— | (a) | 35 | |||||
| Rayonier, Inc., REIT |
1 | 53 | ||||||
| Raytheon Technologies Corp. |
1 | 83 | ||||||
| Regeneron Pharmaceuticals, Inc. * |
1 | 580 | ||||||
| ROBLOX Corp., Class A * |
— | (a) | 23 | |||||
| Ross Stores, Inc. |
3 | 228 | ||||||
| Royal Caribbean Cruises Ltd. * |
1 | 93 | ||||||
| Royalty Pharma plc, Class A |
1 | 43 | ||||||
| S&P Global, Inc. |
— | (a) | 152 | |||||
| Schneider Electric SE |
1 | 201 | ||||||
| Seagate Technology Holdings plc |
2 | 221 | ||||||
| ServiceNow, Inc. * |
— | (a) | 105 | |||||
| Signature Bank |
— | (a) | 68 | |||||
| Snap, Inc., Class A * |
8 | 300 | ||||||
| SolarEdge Technologies, Inc. * |
— | (a) | 143 | |||||
| Southwest Airlines Co. * |
3 | 154 | ||||||
| Stanley Black & Decker, Inc. |
— | (a) | 31 | |||||
| State Street Corp. |
4 | 323 | ||||||
| Stellantis NV |
12 | 193 | ||||||
| Stellantis NV |
3 | 46 | ||||||
| Sun Communities, Inc., REIT |
1 | 164 | ||||||
| SVB Financial Group * |
— | (a) | 69 | |||||
| Synopsys, Inc. * |
— | (a) | 99 | |||||
| Sysco Corp. |
— | (a) | 40 | |||||
| T. Rowe Price Group, Inc. |
— | (a) | 43 | |||||
| TD SYNNEX Corp. |
— | (a) | 48 | |||||
| Tempur Sealy International, Inc. |
— | (a) | 2 | |||||
| Teradyne, Inc. |
1 | 59 | ||||||
| Tesla, Inc. * |
1 | 795 | ||||||
| Texas Instruments, Inc. |
3 | 496 | ||||||
| Thermo Fisher Scientific, Inc. |
— | (a) | 144 | |||||
| Timken Co. (The) |
— | (a) | 18 | |||||
| T-Mobile US, Inc. * |
4 | 460 | ||||||
| Trade Desk, Inc. (The), Class A * |
1 | 54 | ||||||
| Trane Technologies plc |
3 | 493 | ||||||
| Travelers Cos., Inc. (The) |
1 | 123 | ||||||
| Truist Financial Corp. |
6 | 347 | ||||||
| Union Pacific Corp. |
— | (a) | 125 | |||||
| UnitedHealth Group, Inc. |
2 | 1,099 | ||||||
| US Bancorp |
1 | 54 | ||||||
| Verizon Communications, Inc. |
2 | 106 | ||||||
| Vertex Pharmaceuticals, Inc. * |
1 | 230 | ||||||
| Viatris, Inc. |
1 | 14 | ||||||
| Walt Disney Co. (The) * |
— | (a) | 16 | |||||
| Wells Fargo & Co. |
8 | 389 | ||||||
| Welltower, Inc., REIT |
1 | 60 | ||||||
| Westrock Co. |
1 | 37 | ||||||
| Weyerhaeuser Co., REIT |
2 | 74 | ||||||
| Williams Cos., Inc. (The) |
2 | 53 | ||||||
| Wolfspeed, Inc. * |
1 | 66 | ||||||
| Xcel Energy, Inc. |
1 | 75 | ||||||
| Zebra Technologies Corp., Class A * |
— | (a) | 60 | |||||
| Zimmer Biomet Holdings, Inc. |
5 | 606 | ||||||
| Zscaler, Inc. * |
— | (a) | 92 | |||||
|
|
|
|||||||
| 40,240 | ||||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Cost $46,945) |
|
63,359 | ||||||
|
|
|
|||||||
| INVESTMENT COMPANIES — 23.6% |
||||||||
| JPMorgan Emerging Markets Equity Fund Class R6 Shares (f) |
147 | 4,687 | ||||||
| JPMorgan High Yield Fund Class R6 Shares (f) |
2,257 | 15,575 | ||||||
| JPMorgan Income Fund Class R6 Shares (f) |
577 | 5,227 | ||||||
| JPMorgan Large Cap Value Fund Class R6 Shares (f) |
241 | 4,879 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENT COMPANIES (Cost $28,957) |
|
30,368 | ||||||
|
|
|
|||||||
| Principal Amount ($000) |
||||||||
| FOREIGN GOVERNMENT SECURITIES — 13.8% |
||||||||
| Australia — 0.2% |
||||||||
| Commonwealth of Australia 0.25%, 11/21/2024 (b) |
AUD | 71 | 50 | |||||
| 0.50%, 9/21/2026 (b) |
AUD | 120 | 82 | |||||
| 2.75%, 11/21/2029 (b) |
AUD | 30 | 22 | |||||
| 1.00%, 12/21/2030 (b) |
AUD | 3 | 2 | |||||
| 1.00%, 11/21/2031 (b) |
AUD | 183 | 116 | |||||
| 3.75%, 4/21/2037 (b) |
AUD | 40 | 32 | |||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Principal Amount ($000) |
Value ($000) | ||||||
|
|
|
|
|
|
||||
| 2.75%, 5/21/2041 (b) |
AUD | 1 | 1 | |||||
| 3.00%, 3/21/2047 (b) |
AUD | 19 | 14 | |||||
| 1.75%, 6/21/2051 (b) |
AUD | 20 | 11 | |||||
|
|
|
|||||||
| 330 | ||||||||
|
|
|
|||||||
| Belgium — 0.3% |
| |||||||
| Kingdom of Belgium |
||||||||
| 0.80%, 6/22/2027 (b) |
EUR | 60 | 67 | |||||
| 0.10%, 6/22/2030 (b) |
EUR | 102 | 107 | |||||
| 3.00%, 6/22/2034 (b) |
EUR | 69 | 93 | |||||
| 1.90%, 6/22/2038 (b) |
EUR | 60 | 73 | |||||
| 0.40%, 6/22/2040 (b) |
EUR | 20 | 19 | |||||
| 1.60%, 6/22/2047 (b) |
EUR | 11 | 12 | |||||
| 1.70%, 6/22/2050 (b) |
EUR | 5 | 6 | |||||
| 2.15%, 6/22/2066 (b) |
EUR | 22 | 29 | |||||
|
|
|
|||||||
| 406 | ||||||||
|
|
|
|||||||
| Canada — 0.6% |
| |||||||
| Canada Government Bond |
|
|||||||
| 2.00%, 9/1/2023 |
CAD | 152 | 121 | |||||
| 0.25%, 3/1/2026 |
CAD | 50 | 37 | |||||
| 1.50%, 12/1/2031 |
CAD | 85 | 63 | |||||
| 2.75%, 12/1/2048 |
CAD | 69 | 59 | |||||
| 1.75%, 12/1/2053 |
CAD | 50 | 34 | |||||
| 2.75%, 12/1/2064 |
CAD | 3 | 3 | |||||
| Canada Housing Trust |
|
|||||||
| 1.25%, 6/15/2026 (g) |
CAD | 100 | 75 | |||||
| Province of Alberta |
|
|||||||
| 2.90%, 12/1/2028 |
CAD | 55 | 44 | |||||
| 1.65%, 6/1/2031 |
CAD | 130 | 92 | |||||
| Province of British Columbia |
|
|||||||
| 4.70%, 6/18/2037 |
CAD | 25 | 23 | |||||
| 2.95%, 6/18/2050 |
CAD | 10 | 8 | |||||
| Province of Ontario |
|
|||||||
| 2.30%, 9/8/2024 |
CAD | 80 | 64 | |||||
| 0.01%, 11/25/2030 (b) |
EUR | 170 | 168 | |||||
|
|
|
|||||||
| 791 | ||||||||
|
|
|
|||||||
| China — 0.1% |
| |||||||
| Export-Import Bank of China (The) |
|
|||||||
| 0.75%, 5/28/2023 (b) |
EUR | 100 | 111 | |||||
|
|
|
|||||||
| Denmark — 0.1% |
| |||||||
| Kingdom of Denmark |
|
|||||||
| 1.50%, 11/15/2023 |
DKK | 36 | 6 | |||||
| 1.75%, 11/15/2025 |
DKK | 28 | 4 | |||||
| 0.50%, 11/15/2027 |
DKK | 10 | 2 | |||||
| 0.50%, 11/15/2029 |
DKK | 356 | 52 | |||||
| 4.50%, 11/15/2039 |
DKK | 108 | 25 | |||||
| 0.25%, 11/15/2052 |
DKK | 60 | 7 | |||||
|
|
|
|||||||
| 96 | ||||||||
|
|
|
|||||||
| France — 1.2% |
| |||||||
| French Republic |
|
|||||||
| 0.25%, 11/25/2026 (b) |
EUR | 66 | 72 | |||||
| 5.50%, 4/25/2029 (b) |
EUR | 270 | 398 | |||||
| 0.00%, 11/25/2030 (b) |
EUR | 45 | 46 | |||||
| 0.00%, 11/25/2031 (b) |
EUR | 300 | 304 | |||||
| 1.25%, 5/25/2034 (b) |
EUR | 325 | 367 | |||||
| 3.25%, 5/25/2045 (b) |
EUR | 86 | 132 | |||||
| 2.00%, 5/25/2048 (b) |
EUR | 2 | 2 | |||||
| 1.50%, 5/25/2050 (b) |
EUR | 93 | 106 | |||||
| 0.75%, 5/25/2052 (b) |
EUR | 9 | 9 | |||||
| 0.75%, 5/25/2053 (b) |
EUR | 27 | 25 | |||||
| 4.00%, 4/25/2055 (b) |
EUR | 14 | 26 | |||||
| 1.75%, 5/25/2066 (b) |
EUR | 53 | 64 | |||||
|
|
|
|||||||
| 1,551 | ||||||||
|
|
|
|||||||
| Germany — 0.6% |
| |||||||
| Bundesrepublik Deutschland |
|
|||||||
| 0.50%, 2/15/2028 (b) |
EUR | 110 | 122 | |||||
| 0.00%, 2/15/2031 (b) |
EUR | 263 | 279 | |||||
| 0.00%, 8/15/2031 (b) |
EUR | 100 | 106 | |||||
| 0.00%, 5/15/2035 (b) |
EUR | 108 | 110 | |||||
| 2.50%, 7/4/2044 (b) |
EUR | 46 | 71 | |||||
| 1.25%, 8/15/2048 (b) |
EUR | 72 | 92 | |||||
| 0.00%, 8/15/2050 (b) |
EUR | 52 | 49 | |||||
|
|
|
|||||||
| 829 | ||||||||
|
|
|
|||||||
| Italy — 1.7% |
| |||||||
| Buoni Poliennali del Tesoro |
|
|||||||
| 1.00%, 7/15/2022 (b) |
EUR | 350 | 389 | |||||
| 0.00%, 1/15/2024 (b) |
EUR | 207 | 228 | |||||
| 0.35%, 2/1/2025 (b) |
EUR | 163 | 178 | |||||
| 1.85%, 7/1/2025 (b) |
EUR | 36 | 41 | |||||
| 0.50%, 2/1/2026 (b) |
EUR | 87 | 94 | |||||
| 1.60%, 6/1/2026 (b) |
EUR | 264 | 298 | |||||
| 2.80%, 12/1/2028 (b) |
EUR | 255 | 305 | |||||
| 3.00%, 8/1/2029 (b) |
EUR | 14 | 17 | |||||
| 1.35%, 4/1/2030 (b) |
EUR | 38 | 41 | |||||
| 0.95%, 12/1/2031 (b) |
EUR | 20 | 20 | |||||
| 1.65%, 3/1/2032 (b) |
EUR | 50 | 54 | |||||
| 2.45%, 9/1/2033 (b) |
EUR | 9 | 10 | |||||
| 2.25%, 9/1/2036 (b) |
EUR | 266 | 298 | |||||
| 4.00%, 2/1/2037 (b) |
EUR | 19 | 26 | |||||
| 4.75%, 9/1/2044 (b) |
EUR | 5 | 8 | |||||
| 1.50%, 4/30/2045 (b) |
EUR | 43 | 40 | |||||
| 3.45%, 3/1/2048 (b) |
EUR | 10 | 13 | |||||
| 3.85%, 9/1/2049 (b) |
EUR | 14 | 20 | |||||
| 1.70%, 9/1/2051 (b) |
EUR | 2 | 2 | |||||
| 2.15%, 9/1/2052 (b) |
EUR | 80 | 82 | |||||
| 2.80%, 3/1/2067 (b) |
EUR | 14 | 16 | |||||
|
|
|
|||||||
| 2,180 | ||||||||
|
|
|
|||||||
| Japan — 5.9% |
| |||||||
| Japan Government Bond |
|
|||||||
| 0.80%, 9/20/2022 |
JPY | 117,950 | 973 | |||||
| 0.10%, 3/20/2023 |
JPY | 24,050 | 198 | |||||
| 0.60%, 12/20/2023 |
JPY | 102,250 | 849 | |||||
| 0.10%, 9/20/2024 |
JPY | 12,600 | 104 | |||||
| 0.10%, 12/20/2024 |
JPY | 42,250 | 348 | |||||
| 0.10%, 3/20/2025 |
JPY | 3,500 | 29 | |||||
| 0.30%, 12/20/2025 |
JPY | 57,700 | 479 | |||||
| 0.01%, 12/20/2026 |
JPY | 58,900 | 483 | |||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments | Principal Amount ($000) |
Value ($000) | ||||||
|
|
|
|
|
|
||||
| 0.10%, 12/20/2026 |
JPY | 39,950 | 329 | |||||
| 0.10%, 12/20/2027 |
JPY | 69,900 | 576 | |||||
| 0.10%, 9/20/2029 |
JPY | 750 | 6 | |||||
| 0.10%, 3/20/2030 |
JPY | 56,900 | 466 | |||||
| 1.50%, 3/20/2034 |
JPY | 72,600 | 678 | |||||
| 0.60%, 12/20/2037 |
JPY | 42,250 | 352 | |||||
| 2.50%, 3/20/2038 |
JPY | 15,600 | 167 | |||||
| 0.30%, 12/20/2039 |
JPY | 76,600 | 596 | |||||
| 0.50%, 12/20/2041 |
JPY | 4,950 | 39 | |||||
| 1.70%, 9/20/2044 |
JPY | 50 | — | (a) | ||||
| 1.40%, 12/20/2045 |
JPY | 10,400 | 97 | |||||
| 0.80%, 3/20/2047 |
JPY | 29,050 | 237 | |||||
| 0.40%, 9/20/2049 |
JPY | 27,850 | 201 | |||||
| 0.40%, 12/20/2049 |
JPY | 23,800 | 172 | |||||
| 0.90%, 3/20/2057 |
JPY | 19,200 | 157 | |||||
|
|
|
|||||||
| 7,536 | ||||||||
|
|
|
|||||||
| Netherlands — 0.2% |
| |||||||
| Kingdom of Netherlands |
|
|||||||
| 2.50%, 1/15/2033 (b) |
EUR | 60 | 78 | |||||
| 4.00%, 1/15/2037 (b) |
EUR | 20 | 32 | |||||
| 0.50%, 1/15/2040 (b) |
EUR | 28 | 29 | |||||
| 2.75%, 1/15/2047 (b) |
EUR | 40 | 64 | |||||
| 0.00%, 1/15/2052 (b) |
EUR | 13 | 11 | |||||
|
|
|
|||||||
| 214 | ||||||||
|
|
|
|||||||
| Qatar — 0.2% |
| |||||||
| State of Qatar |
|
|||||||
| 3.88%, 4/23/2023 (g) |
200 | 204 | ||||||
|
|
|
|||||||
| South Korea — 0.3% |
| |||||||
| Export-Import Bank of Korea |
|
|||||||
| 0.38%, 3/26/2024 (b) |
EUR | 100 | 110 | |||||
| 0.00%, 10/19/2024 (b) |
EUR | 270 | 294 | |||||
|
|
|
|||||||
| 404 | ||||||||
|
|
|
|||||||
| Spain — 0.7% |
| |||||||
| Bonos and Obligaciones del Estado |
|
|||||||
| 0.00%, 1/31/2027 |
EUR | 195 | 207 | |||||
| 1.40%, 7/30/2028 (b) |
EUR | 103 | 117 | |||||
| 1.45%, 4/30/2029 (b) |
EUR | 141 | 160 | |||||
| 1.85%, 7/30/2035 (b) |
EUR | 25 | 28 | |||||
| 4.20%, 1/31/2037 (b) |
EUR | 131 | 195 | |||||
| 1.20%, 10/31/2040(b) |
EUR | 98 | 98 | |||||
| 1.00%, 7/30/2042 (b) |
EUR | 25 | 24 | |||||
| 2.70%, 10/31/2048 (b) |
EUR | 20 | 26 | |||||
| 3.45%, 7/30/2066 (b) |
EUR | 13 | 19 | |||||
|
|
|
|||||||
| 874 | ||||||||
|
|
|
|||||||
| Sweden — 0.0% (d) |
| |||||||
| Kingdom of Sweden |
|
|||||||
| 2.50%, 5/12/2025 |
SEK | 90 | 10 | |||||
| 0.75%, 5/12/2028 |
SEK | 270 | 28 | |||||
| 0.75%, 11/12/2029 (b) |
SEK | 40 | 4 | |||||
| 2.25%, 6/1/2032 (b) |
SEK | 15 | 2 | |||||
| 3.50%, 3/30/2039 |
SEK | 120 | 17 | |||||
|
|
|
|||||||
| 61 | ||||||||
|
|
|
|||||||
| United Kingdom — 1.7% |
| |||||||
| United Kingdom of Great Britain and Northern Ireland |
|
|||||||
| 0.75%, 7/22/2023 (b) |
GBP | 13 | 17 | |||||
| 1.00%, 4/22/2024 (b) |
GBP | 152 | 198 | |||||
| 0.63%, 6/7/2025 (b) |
GBP | 260 | 334 | |||||
| 6.00%, 12/7/2028 (b) |
GBP | 145 | 245 | |||||
| 0.25%, 7/31/2031 (b) |
GBP | 105 | 122 | |||||
| 4.75%, 12/7/2038 (b) |
GBP | 207 | 388 | |||||
| 1.13%, 1/31/2039 (b) |
GBP | 50 | 59 | |||||
| 3.50%, 1/22/2045 (b) |
GBP | 26 | 45 | |||||
| 4.25%, 12/7/2046 (b) |
GBP | 100 | 195 | |||||
| 1.75%, 1/22/2049 (b) |
GBP | 196 | 255 | |||||
| 0.63%, 10/22/2050 (b) |
GBP | 148 | 145 | |||||
| 4.25%, 12/7/2055 (b) |
GBP | 15 | 31 | |||||
| 2.50%, 7/22/2065 (b) |
GBP | 50 | 83 | |||||
| 3.50%, 7/22/2068 (b) |
GBP | 29 | 61 | |||||
|
|
|
|||||||
| 2,178 | ||||||||
|
|
|
|||||||
| TOTAL FOREIGN GOVERNMENT SECURITIES |
|
17,765 | ||||||
|
|
|
|||||||
| CORPORATE BONDS — 2.1% |
| |||||||
| Canada — 0.5% |
| |||||||
| Ontario Teachers’ Finance Trust |
|
|||||||
| 0.50%, 5/6/2025 (b) |
EUR | 400 | 437 | |||||
| 0.10%, 5/19/2028 (b) |
EUR | 230 | 238 | |||||
|
|
|
|||||||
| 675 | ||||||||
|
|
|
|||||||
| China — 0.2% |
| |||||||
| China Development Bank |
|
|||||||
| 0.88%, 1/24/2024 (b) |
EUR | 200 | 222 | |||||
|
|
|
|||||||
| France — 0.2% |
| |||||||
| Dexia Credit Local SA |
|
|||||||
| 0.75%, 1/25/2023 (b) |
EUR | 100 | 111 | |||||
| 1.63%, 12/8/2023 (b) |
GBP | 100 | 131 | |||||
|
|
|
|||||||
| 242 | ||||||||
|
|
|
|||||||
| Netherlands — 0.1% |
| |||||||
| BNG Bank NV |
|
|||||||
| 4.75%, 3/6/2023 (b) |
AUD | 15 | 12 | |||||
| 1.90%, 11/26/2025 (b) |
AUD | 90 | 64 | |||||
| Nederlandse Waterschapsbank NV |
|
|||||||
| 3.50%, 7/20/2027 |
AUD | 40 | 30 | |||||
|
|
|
|||||||
| 106 | ||||||||
|
|
|
|||||||
| South Korea — 0.4% |
| |||||||
| Kia Corp. |
|
|||||||
| 3.00%, 4/25/2023 (g) |
200 | 201 | ||||||
| Korea Development Bank (The) |
|
|||||||
| 3.00%, 9/14/2022 |
200 | 200 | ||||||
| 0.63%, 7/17/2023 (b) |
EUR | 100 | 111 | |||||
|
|
|
|||||||
| 512 | ||||||||
|
|
|
|||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments |
Principal Amount ($000) |
Value ($000) | ||||||
| United States — 0.7% |
||||||||
| AbbVie, Inc. |
||||||||
| 2.90%, 11/6/2022 |
168 | 169 | ||||||
| Aetna, Inc. |
||||||||
| 2.75%, 11/15/2022 |
96 | 96 | ||||||
| AT&T, Inc. |
||||||||
| 2.63%, 12/1/2022 |
196 | 197 | ||||||
| Athene Global Funding |
||||||||
| 3.00%, 7/1/2022 (g) |
232 | 233 | ||||||
| Clorox Co. (The) |
||||||||
| 3.05%, 9/15/2022 |
39 | 39 | ||||||
| Penske Truck Leasing Co. LP |
||||||||
| 4.88%, 7/11/2022 (g) |
45 | 46 | ||||||
| Union Pacific Corp. |
||||||||
| 4.16%, 7/15/2022 |
100 | 100 | ||||||
| Walt Disney Co. (The) |
||||||||
| 8.88%, 4/26/2023 |
45 | 48 | ||||||
|
|
|
|||||||
| 928 | ||||||||
|
|
|
|||||||
| TOTAL CORPORATE BONDS (Cost $2,775) |
2,685 | |||||||
|
|
|
|||||||
| U.S. TREASURY OBLIGATIONS — 1.4% |
||||||||
| U.S. Treasury Notes |
||||||||
| 0.13%, 1/31/2023 (h) (Cost $1,842) |
1,848 | 1,826 | ||||||
|
|
|
|||||||
| COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.2% |
||||||||
| United States — 0.2% |
||||||||
| Citigroup Commercial Mortgage Trust |
||||||||
| Series 2012-GC8, Class D, 4.88%, 9/10/2045 ‡ (g) (i) |
100 | 92 | ||||||
| FHLMC, Multi-Family Structured Pass-Through Certificates |
||||||||
| Series K083, Class X1, IO, 0.03%, 9/25/2028 (i) |
14,532 | 68 | ||||||
| FREMF |
||||||||
| Series 2018-KF46, Class B, 2.19%, 3/25/2028 (g) (i) |
3 | 3 | ||||||
| FREMF Mortgage Trust |
||||||||
| Series 2017-KF32, Class B, 2.79%, 5/25/2024 (g) (i) |
6 | 6 | ||||||
| Series 2017-KF38, Class B, 2.74%, 9/25/2024 (g) (i) |
3 | 3 | ||||||
| Series 2018-KF45, Class B, 2.19%, 3/25/2025 (g) (i) |
7 | 7 | ||||||
| Series 2018-KF49, Class B, 2.14%, 6/25/2025 (g) (i) |
3 | 3 | ||||||
| Series 2019-KF63, Class B, 2.59%, 5/25/2029 (g) (i) |
41 | 40 | ||||||
| LB-UBS Commercial Mortgage Trust |
||||||||
| Series 2006-C6, Class AJ, 5.45%, 9/15/2039 (i) |
32 | 13 | ||||||
|
|
|
|||||||
| TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost $256) |
235 | |||||||
|
|
|
|||||||
| SUPRANATIONAL — 0.2% |
||||||||
| Asian Development Bank |
||||||||
| 3.40%, 9/10/2027 (b) |
AUD | 140 | 106 | |||||
| European Investment Bank |
||||||||
| 0.50%, 6/21/2023 |
AUD | 30 | 22 | |||||
| Inter-American Development Bank |
||||||||
| 0.50%, 5/23/2023 |
CAD | 63 | 49 | |||||
| 4.40%, 1/26/2026 |
CAD | 16 | 14 | |||||
|
|
|
|||||||
| TOTAL SUPRANATIONAL (Cost $192) |
191 | |||||||
|
|
|
|||||||
| ASSET-BACKED SECURITIES — 0.0% (d) |
||||||||
| United States — 0.0% (d) |
||||||||
| Morgan Stanley ABS Capital I, Inc. Trust |
||||||||
| Series 2003-NC10, Class M1, 1.48%, 10/25/2033 ‡ (i )(Cost $22) |
23 | 22 | ||||||
|
|
|
|||||||
| Shares (000) | ||||||||
| EXCHANGE-TRADED FUNDS — 0.0% (d) |
||||||||
| United States — 0.0% (d) |
||||||||
| Utilities Select Sector SPDR Fund (Cost $13) |
— | (a) | 13 | |||||
|
|
|
|||||||
| Principal Amount ($000) |
||||||||
| COLLATERALIZED MORTGAGE OBLIGATIONS — 0.0% (d) |
||||||||
| United States — 0.0% (d) |
||||||||
| Banc of America Funding Trust |
||||||||
| Series 2006-A, Class 1A1, 2.61%, 2/20/2036 (i) |
8 | 8 | ||||||
| Deutsche Alt-A Securities Mortgage Loan Trust |
||||||||
| Series 2007-3, Class 2A1, 1.21%, 10/25/2047 (i) |
— | (a) | — | (a) | ||||
| Morgan Stanley Mortgage Loan Trust |
||||||||
| Series 2004-5AR, Class 4A, 2.58%, 7/25/2034 (i) |
— | (a) | — | (a) | ||||
|
|
|
|||||||
| TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $8) |
8 | |||||||
|
|
|
|||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Investments |
Principal Amount ($000) |
Value ($000) | ||||||
| SHORT-TERM INVESTMENTS — 8.5% |
||||||||
| CERTIFICATES OF DEPOSIT — 0.0% (d) |
||||||||
| Shinhan Bank |
||||||||
| 0.80%, 8/12/2022(Cost $58) |
58 | 58 | ||||||
|
|
|
|||||||
| COMMERCIAL PAPER — 0.6% |
||||||||
| Enel Finance America LLC |
||||||||
| 1.01%, 1/20/2023 (g) (j) |
250 | 246 | ||||||
| Volvo Group Treasury US, Inc. |
||||||||
| 1.36%, 9/1/2022 (g) (j) |
250 | 248 | ||||||
| Waste Management, Inc. |
||||||||
| 0.31%, 9/8/2022 (g) (j) |
250 | 248 | ||||||
|
|
|
|||||||
| TOTAL COMMERCIAL PAPER (Cost $746) |
742 | |||||||
|
|
|
|||||||
| FOREIGN GOVERNMENT TREASURY BILLS — 3.5% |
||||||||
| Canadian Treasury Bills |
||||||||
| 0.00%, 1/5/2023 |
CAD | 1,898 | 1,500 | |||||
| 1.05%, 2/2/2023 (j) |
CAD | 1,913 | 1,508 | |||||
| 1.29%, 3/2/2023 (j) |
CAD | 1,921 | 1,511 | |||||
|
|
|
|||||||
| TOTAL FOREIGN GOVERNMENT TREASURY BILLS (Cost $4,492) |
4,519 | |||||||
|
|
|
|||||||
| Shares (000) | ||||||||
| INVESTMENT COMPANIES — 4.3% |
||||||||
| JPMorgan Prime Money Market Fund Class Institutional Shares, 0.29% (f) (k) (Cost $5,521) |
5,521 | 5,522 | ||||||
|
|
|
|||||||
| INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 0.1% |
||||||||
| JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.26% (f) (k) (Cost $116) |
116 | 116 | ||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $10,933) |
10,957 | |||||||
|
|
|
|||||||
| TOTAL LONG POSITIONS (Cost $111,230) |
127,429 | |||||||
|
|
|
|||||||
| SHORT POSITIONS — (0.6)% (d) |
||||||||
| COMMON STOCKS — (0.5)% (d) |
||||||||
| United States — (0.5)% (d) |
||||||||
| 3M Co. |
(1 | ) | (75 | ) | ||||
| Abbott Laboratories |
— | (a) | (6 | ) | ||||
| Align Technology, Inc. * |
— | (a) | (1 | ) | ||||
| Ally Financial, Inc. |
(1 | ) | (25 | ) | ||||
| Altria Group, Inc. |
— | (a) | (9 | ) | ||||
| Best Buy Co., Inc. |
— | (a) | (6 | ) | ||||
| Capital One Financial Corp. |
— | (a) | (38 | ) | ||||
| Clorox Co. (The) |
— | (a) | (18 | ) | ||||
| Conagra Brands, Inc. |
— | (a) | (14 | ) | ||||
| Equifax, Inc. |
— | (a) | (6 | ) | ||||
| Estee Lauder Cos., Inc. (The), Class A |
— | (a) | (16 | ) | ||||
| Etsy, Inc. * |
— | (a) | (18 | ) | ||||
| Fisker, Inc. * |
— | (a) | (1 | ) | ||||
| Goldman Sachs Group, Inc. (The) |
— | (a) | (100 | ) | ||||
| Harley-Davidson, Inc. |
(1 | ) | (38 | ) | ||||
| Home Depot, Inc. (The) |
— | (a) | (40 | ) | ||||
| IQVIA Holdings, Inc. * |
— | (a) | (26 | ) | ||||
| Kellogg Co. |
— | (a) | (7 | ) | ||||
| Kimberly-Clark Corp. |
— | (a) | (50 | ) | ||||
| Las Vegas Sands Corp. * |
— | (a) | (15 | ) | ||||
| ManpowerGroup, Inc. |
— | (a) | (34 | ) | ||||
| Mohawk Industries, Inc. * |
— | (a) | (12 | ) | ||||
| RingCentral, Inc., Class A * |
— | (a) | (11 | ) | ||||
| salesforce.com, Inc. * |
— | (a) | (13 | ) | ||||
| Sirius XM Holdings, Inc. |
(2 | ) | (13 | ) | ||||
| SoFi Technologies, Inc. * |
— | (a) | (1 | ) | ||||
| Whirlpool Corp. |
— | (a) | (26 | ) | ||||
| Wynn Resorts Ltd. * |
(1 | ) | (85 | ) | ||||
| Zoom Video Communications, Inc., Class A * |
— | (a) | (12 | ) | ||||
|
|
|
|||||||
| (716 | ) | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Proceeds $(724)) |
(716 | ) | ||||||
|
|
|
|||||||
| EXCHANGE-TRADED FUNDS — (0.1)% (d) |
||||||||
| United States — (0.1)% (d) |
||||||||
| iShares Russell 2000 ETF(Proceeds $(102)) |
— | (a) | (100 | ) | ||||
|
|
|
|||||||
| TOTAL SHORT POSITIONS (Proceeds $(826)) |
(816 | ) | ||||||
|
|
|
|||||||
| Total Investments — 98.5% (Cost $110,404) |
126,613 | |||||||
| Other Assets Less Liabilities — 1.5% |
1,921 | |||||||
|
|
|
|||||||
| Net Assets — 100.0% |
128,534 | |||||||
|
|
|
|||||||
Percentages indicated are based on net assets.
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
Summary of Investments by Industry, March 31, 2022
The following table represents the portfolio investments of the Portfolio by industry classifications as a percentage of total investments:
| LONG PORTFOLIO COMPOSITION BY INDUSTRY |
PERCENT OF TOTAL INVESTMENTS |
|||
| Fixed Income |
16.3 | % | ||
| Foreign Government Securities |
13.9 | |||
| Banks |
4.5 | |||
| U.S. Equity |
3.8 | |||
| International Equity |
3.7 | |||
| Foreign Government Treasury Bills |
3.5 | |||
| Semiconductors & Semiconductor Equipment |
3.3 | |||
| Software |
2.5 | |||
| Pharmaceuticals |
2.3 | |||
| Technology Hardware, Storage & Peripherals |
2.0 | |||
| Insurance |
1.9 | |||
| Internet & Direct Marketing Retail |
1.8 | |||
| Interactive Media & Services |
1.8 | |||
| Biotechnology |
1.8 | |||
| Oil, Gas & Consumable Fuels |
1.7 | |||
| Hotels, Restaurants & Leisure |
1.6 | |||
| Automobiles |
1.6 | |||
| Health Care Equipment & Supplies |
1.5 | |||
| U.S. Treasury Notes |
1.4 | |||
| IT Services |
1.3 | |||
| Health Care Providers & Services |
1.3 | |||
| Machinery |
1.3 | |||
| Textiles, Apparel & Luxury Goods |
1.3 | |||
| Road & Rail |
1.3 | |||
| Beverages |
1.2 | |||
| Capital Markets |
1.1 | |||
| Others (each less than 1.0%) |
15.9 | |||
| Short-Term Investments |
4.4 | |||
| SHORT PORTFOLIO COMPOSITION BY INDUSTRY |
PERCENT OF TOTAL INVESTMENTS |
|||
| Capital Markets |
12.3 | % | ||
| Hotels, Restaurants & Leisure |
12.2 | |||
| Exchange-Traded Fund |
12.2 | |||
| Industrial Conglomerates |
9.2 | |||
| Household Products |
8.3 | |||
| Consumer Finance |
7.9 | |||
| Specialty Retail |
5.6 | |||
| Professional Services |
4.9 | |||
| Automobiles |
4.9 | |||
| Household Durables |
4.7 | |||
| Software |
4.5 | |||
| Life Sciences Tools & Services |
3.1 | |||
| Food Products |
2.5 | |||
| Internet & Direct Marketing Retail |
2.2 | |||
| Personal Products |
1.9 | |||
| Media |
1.6 | |||
| Tobacco |
1.1 | |||
| Others (each less than 1.0%) |
0.9 | |||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Abbreviations | ||||
| ABS | Asset-Backed Securities | |||
| ADR | American Depositary Receipt | |||
| APAC | Asia Pacific | |||
| AUD | Australian Dollar | |||
| CAD | Canadian Dollar | |||
| CHDI | Clearing House Electronic Subregister System (CHESS) Depository Interest | |||
| DKK | Danish Krone | |||
| ETF | Exchange-Traded Fund | |||
| EUR | Euro | |||
| FHLMC | Federal Home Loan Mortgage Corp. | |||
| GBP | British Pound | |||
| IO | Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably. | |||
| JPY | Japanese Yen | |||
| OYJ | Public Limited Company | |||
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. | |||
| PT | Limited liability company | |||
| REIT | Real Estate Investment Trust | |||
| SEK | Swedish Krona | |||
| SPDR | Standard & Poor’s Depository Receipts | |||
| (a) | Amount rounds to less than one thousand. |
| (b) | 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. |
| (c) | The security or a portion of this security is on loan at March 31, 2022. The total value of securities on loan at March 31, 2022 is $95. |
| (d) | Amount rounds to less than 0.1% of net assets. |
| (e) | All or a portion of this security is segregated as collateral for short sales. The total value of securities segregated as collateral is $2,662. |
| (f) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. |
| (g) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (h) | All or a portion of this security is deposited with the broker as initial margin for futures contracts. |
| (i) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of March 31, 2022. |
| (j) | The rate shown is the effective yield as of March 31, 2022. |
| (k) | The rate shown is the current yield as of March 31, 2022. |
| * | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
Detailed information about investment portfolios of the underlying funds and ETFs can be found in shareholder reports filed with the Securities and Exchange Commission (SEC) by each such underlying fund semi-annually on Form N-CSR and in portfolio holdings filed quarterly on Form N-PORT, and are available for download from both the SEC’s as well as the respective underlying fund’s website. Detailed information about underlying J.P. Morgan Funds can also be found at www.jpmorganfunds.com or by calling 1-800-480-4111.
Futures contracts outstanding as of March 31, 2022 (amounts in thousands, except number of contracts):
| Description |
Number of Contracts |
Expiration Date |
Trading Currency |
Notional Amount ($) |
Value and Unrealized Appreciation (Depreciation) ($) |
|||||||||||||||
| Long Contracts |
| |||||||||||||||||||
| Australia 10 Year Bond |
1 | 06/2022 | AUD | 95 | (4 | ) | ||||||||||||||
| EURO STOXX 50 Index |
17 | 06/2022 | EUR | 714 | — | (a) | ||||||||||||||
| Euro-Bobl |
1 | 06/2022 | EUR | 143 | — | (a) | ||||||||||||||
| Euro-Bund |
2 | 06/2022 | EUR | 351 | 2 | |||||||||||||||
| Euro-Schatz |
3 | 06/2022 | EUR | 368 | — | (a) | ||||||||||||||
| Foreign Exchange AUD/USD |
20 | 06/2022 | USD | 1,498 | 32 | |||||||||||||||
| Foreign Exchange CAD/USD |
38 | 06/2022 | USD | 3,038 | 75 | |||||||||||||||
| Foreign Exchange EUR/USD |
61 | 06/2022 | USD | 8,458 | 84 | |||||||||||||||
| Foreign Exchange GBP/USD |
26 | 06/2022 | USD | 2,134 | (2 | ) | ||||||||||||||
| Foreign Exchange JPY/USD |
80 | 06/2022 | USD | 8,230 | (423 | ) | ||||||||||||||
| Japan 10 Year Bond Mini |
6 | 06/2022 | JPY | 739 | (4 | ) | ||||||||||||||
| Long Gilt |
1 | 06/2022 | GBP | 159 | (6 | ) | ||||||||||||||
| MSCI Emerging Markets E-Mini Index |
41 | 06/2022 | USD | 2,306 | 193 | |||||||||||||||
| S&P 500 E-Mini Index |
37 | 06/2022 | USD | 8,383 | 680 | |||||||||||||||
| S&P/TSX 60 Index |
20 | 06/2022 | CAD | 4,221 | 129 | |||||||||||||||
| SPI 200 Index |
2 | 06/2022 | AUD | 278 | 12 | |||||||||||||||
| U.S. Treasury Long Bond |
11 | 06/2022 | USD | 1,653 | (36 | ) | ||||||||||||||
|
|
|
|||||||||||||||||||
| 732 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||
| Short Contracts |
| |||||||||||||||||||
| FTSE 100 Index |
(21 | ) | 06/2022 | GBP | (2,055 | ) | (97 | ) | ||||||||||||
| MSCI EAFE E-Mini Index |
(56 | ) | 06/2022 | USD | (6,004 | ) | (334 | ) | ||||||||||||
| TOPIX Index |
(2 | ) | 06/2022 | JPY | (316 | ) | (28 | ) | ||||||||||||
| U.S. Treasury 2 Year Note |
(1 | ) | 06/2022 | USD | (212 | ) | 4 | |||||||||||||
| U.S. Treasury 10 Year Note |
(2 | ) | 06/2022 | USD | (245 | ) | 6 | |||||||||||||
|
|
|
|||||||||||||||||||
| (449 | ) | |||||||||||||||||||
|
|
|
|||||||||||||||||||
| 283 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||
| Abbreviations | ||||
| AUD | Australian Dollar | |||
| CAD | Canadian Dollar | |||
| EAFE | Europe, Australasia and Far East | |||
| EUR | Euro | |||
| FTSE | Financial Times and the London Stock Exchange | |||
| GBP | British Pound | |||
| JPY | Japanese Yen | |||
| MSCI | Morgan Stanley Capital International | |||
| SPI | Australian Securities Exchange | |||
| TOPIX | Tokyo Stock Price Index | |||
| TSX | Toronto Stock Exchange | |||
| USD | United States Dollar | |||
| (a) | Amount rounds to less than one thousand. | |||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
Forward foreign currency exchange contracts outstanding as of March 31, 2022 (amounts in thousands):
| Currency |
Currency Sold | Counterparty |
Settlement |
Unrealized Appreciation (Depreciation) ($) |
||||||||||||||||
| AUD |
761 | USD | 569 | HSBC Bank, NA | 4/5/2022 | — | (a) | |||||||||||||
| CAD |
845 | USD | 675 | Royal Bank of Canada | 4/5/2022 | 1 | ||||||||||||||
| EUR |
36 | JPY | 4,653 | BNP Paribas | 4/5/2022 | 2 | ||||||||||||||
| EUR |
46 | USD | 50 | Barclays Bank plc | 4/5/2022 | — | (a) | |||||||||||||
| EUR |
401 | USD | 441 | Goldman Sachs International | 4/5/2022 | 2 | ||||||||||||||
| EUR |
32 | USD | 35 | HSBC Bank, NA | 4/5/2022 | — | (a) | |||||||||||||
| EUR |
74 | USD | 81 | Merrill Lynch International | 4/5/2022 | 1 | ||||||||||||||
| EUR |
161 | USD | 177 | Standard Chartered Bank | 4/5/2022 | 2 | ||||||||||||||
| EUR |
129 | USD | 142 | State Street Corp. | 4/5/2022 | — | (a) | |||||||||||||
| GBP |
1,727 | USD | 2,264 | Barclays Bank plc | 4/5/2022 | 4 | ||||||||||||||
| GBP |
59 | USD | 77 | HSBC Bank, NA | 4/5/2022 | — | (a) | |||||||||||||
| JPY |
772,699 | USD | 6,336 | BNP Paribas | 4/5/2022 | 11 | ||||||||||||||
| USD |
110 | DKK | 729 | BNP Paribas | 4/5/2022 | 1 | ||||||||||||||
| USD |
9,723 | EUR | 8,681 | BNP Paribas | 4/5/2022 | 119 | ||||||||||||||
| USD |
180 | EUR | 162 | HSBC Bank, NA | 4/5/2022 | 1 | ||||||||||||||
| USD |
238 | EUR | 214 | Merrill Lynch International | 4/5/2022 | 2 | ||||||||||||||
| USD |
37 | EUR | 33 | State Street Corp. | 4/5/2022 | 1 | ||||||||||||||
| USD |
2,379 | GBP | 1,776 | BNP Paribas | 4/5/2022 | 46 | ||||||||||||||
| USD |
39 | GBP | 28 | Merrill Lynch International | 4/5/2022 | 1 | ||||||||||||||
| USD |
35 | GBP | 26 | Royal Bank of Canada | 4/5/2022 | 1 | ||||||||||||||
| USD |
74 | GBP | 55 | State Street Corp. | 4/5/2022 | 1 | ||||||||||||||
| USD |
5,671 | JPY | 654,759 | BNP Paribas | 4/5/2022 | 292 | ||||||||||||||
| USD |
438 | JPY | 50,217 | Merrill Lynch International | 4/5/2022 | 25 | ||||||||||||||
| USD |
389 | JPY | 46,220 | Royal Bank of Canada | 4/5/2022 | 9 | ||||||||||||||
| USD |
189 | JPY | 21,710 | Standard Chartered Bank | 4/5/2022 | 11 | ||||||||||||||
| USD |
4,508 | CAD | 5,629 | Royal Bank of Canada | 4/19/2022 | 6 | ||||||||||||||
| EUR |
184 | USD | 203 | HSBC Bank, NA | 5/4/2022 | 1 | ||||||||||||||
| USD |
109 | DKK | 729 | State Street Corp. | 5/4/2022 | 1 | ||||||||||||||
| USD |
8,807 | EUR | 7,900 | BNP Paribas | 5/4/2022 | 60 | ||||||||||||||
| USD |
68 | SEK | 630 | BNP Paribas | 5/4/2022 | 1 | ||||||||||||||
| JPY |
5,143 | USD | 42 | Citibank, NA | 5/6/2022 | — | (a) | |||||||||||||
|
|
|
|||||||||||||||||||
| Total unrealized appreciation |
602 | |||||||||||||||||||
|
|
|
|||||||||||||||||||
| DKK |
729 | USD | 109 | State Street Corp. | 4/5/2022 | (1 | ) | |||||||||||||
| EUR |
7,900 | USD | 8,799 | BNP Paribas | 4/5/2022 | (60 | ) | |||||||||||||
| EUR |
158 | USD | 177 | Royal Bank of Canada | 4/5/2022 | (2 | ) | |||||||||||||
| EUR |
141 | USD | 157 | Standard Chartered Bank | 4/5/2022 | — | (a) | |||||||||||||
| EUR |
67 | USD | 76 | TD Bank Financial Group | 4/5/2022 | (2 | ) | |||||||||||||
| GBP |
64 | USD | 85 | HSBC Bank, NA | 4/5/2022 | (2 | ) | |||||||||||||
| GBP |
36 | USD | 48 | Standard Chartered Bank | 4/5/2022 | — | (a) | |||||||||||||
| JPY |
4,860 | USD | 41 | Royal Bank of Canada | 4/5/2022 | (1 | ) | |||||||||||||
| SEK |
630 | USD | 68 | BNP Paribas | 4/5/2022 | (1 | ) | |||||||||||||
| USD |
548 | AUD | 761 | BNP Paribas | 4/5/2022 | (22 | ) | |||||||||||||
| USD |
663 | CAD | 845 | Royal Bank of Canada | 4/5/2022 | (13 | ) | |||||||||||||
| USD |
59 | EUR | 54 | BNP Paribas | 4/5/2022 | (1 | ) | |||||||||||||
| USD |
66 | SEK | 630 | BNP Paribas | 4/5/2022 | (1 | ) | |||||||||||||
| EUR |
60 | USD | 66 | Citibank, NA | 5/4/2022 | (1 | ) | |||||||||||||
| EUR |
123 | USD | 137 | Royal Bank of Canada | 5/4/2022 | (1 | ) | |||||||||||||
| USD |
569 | AUD | 761 | HSBC Bank, NA | 5/4/2022 | — | (a) | |||||||||||||
| USD |
675 | CAD | 845 | Royal Bank of Canada | 5/4/2022 | (1 | ) | |||||||||||||
| USD |
2,264 | GBP | 1,727 | Barclays Bank plc | 5/4/2022 | (4 | ) | |||||||||||||
| USD |
6,340 | JPY | 772,699 | BNP Paribas | 5/6/2022 | (11 | ) | |||||||||||||
| USD |
190 | JPY | 23,127 | Royal Bank of Canada | 5/6/2022 | — | (a) | |||||||||||||
|
|
|
|||||||||||||||||||
| Total unrealized depreciation |
(124 | ) | ||||||||||||||||||
|
|
|
|||||||||||||||||||
| Net unrealized appreciation |
478 | |||||||||||||||||||
|
|
|
|||||||||||||||||||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
| Abbreviations | ||||
| AUD | Australian Dollar | |||
| CAD | Canadian Dollar | |||
| DKK | Danish Krone | |||
| EUR | Euro | |||
| GBP | British Pound | |||
| JPY | Japanese Yen | |||
| SEK | Swedish Krona | |||
| USD | United States Dollar | |||
| (a) | Amount rounds to less than one thousand. | |||
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (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 Portfolio’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.
J.P. Morgan Investment Management Inc. (the “Administrator”) has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Portfolio’s investments. The Administrator implements the valuation policies of the Portfolio’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Portfolio. This 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.
A market-based approach is primarily used to value the Portfolio’s investments. Investments for which market quotations are not readily available are fair valued by approved affiliated and/or unaffiliated approved pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”) or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.
Fixed income instruments are valued based on prices received from Pricing Services. The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.
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 Portfolio are calculated on a valuation date.
Certain foreign equity instruments are valued by applying international fair value factors provided by an approved Pricing Service. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated.
Investments in open-end investment companies, excluding exchange-traded funds (“ETFs”) (“Underlying Funds”), are valued at each Underlying Fund’s NAV per share as of the report date.
Futures contracts are generally valued on the basis of available market quotations. Forward foreign currency exchange contracts are valued utilizing market quotations from approved Pricing Services.
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 Portfolio’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 Portfolio’s assumptions in determining the fair value of investments). |
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
(Dollar values in thousands)
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:
| Level 1 Quoted prices |
Level 2 Other significant observable inputs |
Level 3 Significant unobservable inputs |
Total | |||||||||||||
| Investments in Securities |
||||||||||||||||
| Asset-Backed Securities |
$ | — | $ | — | $ | 22 | $ | 22 | ||||||||
| Collateralized Mortgage Obligations |
— | 8 | — | 8 | ||||||||||||
| Commercial Mortgage-Backed Securities |
||||||||||||||||
| United States |
— | 143 | 92 | 235 | ||||||||||||
| Common Stocks |
||||||||||||||||
| Australia |
291 | 683 | — | 974 | ||||||||||||
| Belgium |
— | 545 | — | 545 | ||||||||||||
| Canada |
407 | — | — | 407 | ||||||||||||
| China |
651 | 236 | — | 887 | ||||||||||||
| Denmark |
— | 1,476 | — | 1,476 | ||||||||||||
| Finland |
— | 141 | — | 141 | ||||||||||||
| France |
— | 4,122 | — | 4,122 | ||||||||||||
| Germany |
— | 2,345 | — | 2,345 | ||||||||||||
| Hong Kong |
8 | 486 | — | 494 | ||||||||||||
| India |
362 | — | — | 362 | ||||||||||||
| Indonesia |
110 | — | — | 110 | ||||||||||||
| Ireland |
— | 57 | — | 57 | ||||||||||||
| Italy |
66 | 84 | — | 150 | ||||||||||||
| Japan |
— | 3,090 | — | 3,090 | ||||||||||||
| Macau |
— | 8 | — | 8 | ||||||||||||
| Netherlands |
— | 1,111 | — | 1,111 | ||||||||||||
| New Zealand |
— | 11 | — | 11 | ||||||||||||
| Singapore |
— | 564 | — | 564 | ||||||||||||
| South Africa |
— | 244 | — | 244 | ||||||||||||
| South Korea |
— | 490 | — | 490 | ||||||||||||
| Spain |
— | 441 | — | 441 | ||||||||||||
| Sweden |
— | 737 | — | 737 | ||||||||||||
| Switzerland |
— | 1,788 | — | 1,788 | ||||||||||||
| Taiwan |
568 | — | — | 568 | ||||||||||||
| United Kingdom |
— | 1,997 | — | 1,997 | ||||||||||||
| United States |
39,604 | 636 | — | 40,240 | ||||||||||||
|
|
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|
|
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| Total Common Stocks |
42,067 | 21,292 | — | 63,359 | ||||||||||||
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| Corporate Bonds |
— | 2,685 | — | 2,685 | ||||||||||||
| Exchange-Traded Funds |
13 | — | — | 13 | ||||||||||||
| Foreign Government Securities |
— | 17,765 | — | 17,765 | ||||||||||||
| Investment Companies |
30,368 | — | — | 30,368 | ||||||||||||
| Supranational |
— | 191 | — | 191 | ||||||||||||
| U.S. Treasury Obligations |
— | 1,826 | — | 1,826 | ||||||||||||
| Short-Term Investments |
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| Certificates of Deposit |
— | 58 | — | 58 | ||||||||||||
| Commercial Paper |
— | 742 | — | 742 | ||||||||||||
| Foreign Government Treasury Bills |
— | 4,519 | — | 4,519 | ||||||||||||
| Investment Companies |
5,522 | — | — | 5,522 | ||||||||||||
| Investment of Cash Collateral from Securities Loaned |
116 | — | — | 116 | ||||||||||||
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| Total Short-Term Investments |
5,638 | 5,319 | — | 10,957 | ||||||||||||
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|
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| Total Investments in Securities |
$ | 78,086 | $ | 49,229 | $ | 114 | $ | 127,429 | ||||||||
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| Liabilities |
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| Common Stocks |
$ | (716 | ) | $ | — | $ | — | $ | (716 | ) | ||||||
| Exchange-Traded Funds |
(100 | ) | — | — | (100 | ) | ||||||||||
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| Total Liabilities in Securities Sold Short |
$ | (816 | ) | $ | — | $ | — | $ | (816 | ) | ||||||
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| Appreciation in Other Financial Instruments |
|
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| Forward Foreign Currency Exchange |
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| Contracts |
$ | — | $ | 602 | $ | — | $ | 602 | ||||||||
| Futures Contracts |
1,217 | — | — | 1,217 | ||||||||||||
| Depreciation in Other Financial Instruments |
|
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| Forward Foreign Currency Exchange |
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| Contracts |
— | (124 | ) | — | (124 | ) | ||||||||||
| Futures Contracts |
(934 | ) | — | — | (934 | ) | ||||||||||
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|
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| Total Net Appreciation/Depreciation in Other Financial Instruments |
$ | 283 | $ | 478 | $ | — | $ | 761 | ||||||||
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There were no significant transfers into or out of level 3 for the period ended March 31, 2022.
B. Investment Transactions with Affiliates — The Portfolio invested in Underlying Funds, which are advised by the Adviser. An issuer which is under common control with the Portfolio may be considered an affiliate. The Portfolio assumes the issuers listed in the table below to be affiliated issuers. 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, 2022 | ||||||||||||||||||||||||||||||||||||
| Security Description |
Value at December 31, 2021 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation/ (Depreciation) |
Value at March 31, 2022 |
Shares at March 31, 2022 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||||
| JPMorgan Emerging Markets Equity Fund Class R6 Shares (a) |
$ | 5,575 | $ | — | $ | — | $ | — | $ | (888 | ) | $ | 4,687 | 147 | $ | — | $ | — | ||||||||||||||||||
| JPMorgan High Yield Fund Class R6 Shares (a) |
12,670 | 3,561 | — | — | (656 | ) | 15,575 | 2,257 | 152 | — | ||||||||||||||||||||||||||
| JPMorgan Income Fund Class R6 Shares (a) |
8,925 | 364 | 3,738 | (206 | ) | (118 | ) | 5,227 | 577 | 88 | — | |||||||||||||||||||||||||
| JPMorgan Large Cap Value Fund Class R6 Shares (a) |
4,892 | 12 | 341 | 22 | 294 | 4,879 | 241 | 12 | — | |||||||||||||||||||||||||||
| JPMorgan Prime Money Market Fund Class Institutional Shares, 0.29% (a) (b) |
3,234 | 21,721 | 19,432 | (1 | ) | — | (c) | 5,522 | 5,521 | 1 | — | |||||||||||||||||||||||||
| JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.26% (a) (b) |
325 | 1,701 | 1,910 | — | — | 116 | 116 | — | (c) | — | ||||||||||||||||||||||||||
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| Total |
$ | 35,621 | $ | 27,359 | $ | 25,421 | $ | (185 | ) | $ | (1,368 | ) | $ | 36,006 | $ | 253 | $ | — | ||||||||||||||||||
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| (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, 2022. |
| (c) | Amount rounds to less than one thousand. |
C. Derivatives — The Portfolio used instruments including futures contracts and forward foreign currency exchange contracts, in connection with its investment strategies. Derivative instruments may be used as substitutes for securities in which the Portfolio can invest, to hedge portfolio investments or to generate income or gain to the Portfolio. Derivatives may also be used to manage duration, sector and yield curve exposures and credit and spread volatility.
The Portfolio may be subject to various risks from the use of derivatives, including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties’ failure to perform under contract terms; liquidity risk related to the potential lack of a liquid market for these contracts allowing a Portfolio to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Portfolio’s risk of loss associated with these instruments may exceed their value.
The Portfolio is party to various derivative contracts governed by International Swaps and Derivatives Association master agreements (“ISDA agreements”). The Portfolio’s ISDA agreements, which are separately negotiated with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Portfolio in the event the Portfolio’s net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Portfolio to exercise rights, to the extent not otherwise waived, against a counterparty (e.g. decline in a counterparty’s credit rating below a specified level). Such rights for both a counterparty and the Portfolio often include the ability to terminate (i.e. close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Portfolio. The ISDA agreements give the Portfolio and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable against collateral posted to a segregated account by one party for the benefit of the other.
Counterparty credit risk may be mitigated to the extent a counterparty posts additional collateral for mark to market gains to the Portfolio.
Notes (1) — (2) below describe the various derivatives used by the Portfolio, tailor lettering for notes used.
(1). Futures Contracts — The Portfolio used currency, index and treasury futures contracts to manage and hedge interest rate risk associated with portfolio investments and to gain or reduce exposure to positive and negative price fluctuations or a particular countries or regions. The Portfolio also used futures contracts to lengthen or shorten the duration of the overall investment portfolio.
Futures contracts provide for the delayed delivery of the underlying instrument at a fixed price or are settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Portfolio is required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Portfolio periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as change in net unrealized appreciation/depreciation on futures contracts. Securities deposited as initial margin are designated on the Schedule of Investments, while cash deposited is considered restricted.
JPMorgan Insurance Trust Global Allocation Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF MARCH 31, 2022 (Unaudited) (continued)
(Dollar values in thousands)
The Portfolio may be subject to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subjects the Portfolio to risk of loss up to the notional amount of the futures contracts. Use of short futures contracts subjects the Portfolio to unlimited risk of loss. The Portfolio may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Portfolio’s credit risk is limited to failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day’s settlement price, which could effectively prevent liquidation of positions.
The Portfolio’s futures contracts are not subject to master netting arrangements (the right to close out all transactions traded with a counterparty and net amounts owed or due across transactions).
(2). Forward Foreign Currency Exchange Contracts — The Portfolio is exposed to foreign currency risks associated with some or all of the portfolio investments and therefore, at times, used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Portfolio also bought forward foreign currency exchange contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without the delivery of the foreign currency.
The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, the Portfolio records a realized gain or loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. The Portfolio also records a realized gain or loss, upon settlement, when a forward foreign currency exchange contract offsets another forward foreign currency exchange contract with the same counterparty.
The Portfolio’s forward foreign currency exchange contracts are subject to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions).
The Portfolio may be required to post or receive collateral for non-deliverable forward foreign currency exchange contracts.