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N/A 79.00000000 NS 30296.99000000 0.028692761354 Long EC CORP KR N 2 N N N United Airlines Holdings, Inc. 98450079DA0B78DD6764 United Airlines Holdings, Inc. 910047AH2 33000.00000000 PA USD 32739.96000000 0.031006375849 Long DBT CORP US N 2 2024-02-01 Fixed 5.00000000 N N N N N N Barrick Gold Corp. 0O4KBQCJZX82UKGCBV73 Barrick Gold Corp. 067901108 3365.00000000 NS 82526.82000000 0.078157016642 Long EC CORP CA N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp., Series Z 060505EL4 53000.00000000 PA USD 55385.00000000 0.052452358720 Long DBT CORP US N 2 2024-10-23 Variable 6.50000160 N N N N N N Trinseo Materials Operating SCA N/A Trinseo Materials Operating SCA 89668QAE8 52000.00000000 PA USD 51419.16000000 0.048696510344 Long DBT CORP LU Y 2 2025-09-01 Fixed 5.37500000 N N N N N N iHeartCommunications, Inc. 54930076J6KDZL504O62 iHeartCommunications, Inc. 45174HBE6 18000.00000000 PA USD 17797.50000000 0.016855120598 Long DBT CORP US Y 2 2027-08-15 Fixed 5.25000000 N N N N N N Annaly Capital Management, Inc. 2DTL0G3FPRYUT58TI025 Annaly Capital Management, Inc. 035710409 10168.00000000 NS USD 71582.72000000 0.067792407829 Long EC CORP US N 1 N N N CenterPoint Energy, Inc. 21TPXMRRHFKOBHDC8J74 CenterPoint Energy, Inc. 15189T107 4590.00000000 NS USD 140637.60000000 0.133190825039 Long EC CORP US N 1 N N N Mondelez International, Inc. 549300DV9GIB88LZ5P30 Mondelez International, Inc. 609207AX3 6000.00000000 PA USD 5118.51000000 0.004847484384 Long DBT CORP US N 2 2031-02-04 Fixed 1.50000000 N N N N N Emera, Inc. NQZVQT2P5IUF2PGA1Q48 Emera, Inc. 290876101 577.00000000 NS 28601.92000000 0.027087445480 Long EC CORP CA N 1 N N N William Carter Co. (The) TGI2A0HXEYNQPU7TYV27 William Carter Co. (The) 96926JAC1 73000.00000000 PA USD 74077.48000000 0.070155070038 Long DBT CORP US Y 2 2027-03-15 Fixed 5.62500000 N N N N N N Standard Industries, Inc. 54930064UHXCIUWVI755 Standard Industries, Inc. 853496AC1 18000.00000000 PA USD 17843.04000000 0.016898249250 Long DBT CORP US Y 2 2027-02-15 Fixed 5.00000000 N N N N N N Six Flags Entertainment Corp. 549300JYTDUAA4JQ3717 Six Flags Entertainment Corp. 83001AAC6 102000.00000000 PA USD 101872.50000000 0.096478340954 Long DBT CORP US Y 2 2027-04-15 Fixed 5.50000000 N N N N N N Okinawa Electric Power Co., Inc. (The) N/A Okinawa Electric Power Co., Inc. (The) N/A 1100.00000000 NS 12437.68000000 0.011779103602 Long EC CORP JP N 2 N N N MasTec, Inc. 549300TMDIT8WREDOF45 MasTec, Inc. 576323AP4 95000.00000000 PA USD 94123.44000000 0.089139594455 Long DBT CORP US Y 2 2028-08-15 Fixed 4.50000000 N N N N N N Eastman Chemical Co. FDPVHDGJ1IQZFK9KH630 Eastman Chemical Co. 277432100 1915.00000000 NS USD 214594.90000000 0.203232078621 Long EC CORP US N 1 N N N Brixmor Property Group, Inc. 5299007UXW6Y0W2EGZ95 Brixmor Property Group, Inc. 11120U105 2500.00000000 NS USD 64525.00000000 0.061108394808 Long EC CORP US N 1 N N N American Airlines, Inc. N/A American Airlines, Inc. 00253XAB7 85000.00000000 PA USD 84681.25000000 0.080197369358 Long DBT CORP US Y 2 2029-04-20 Fixed 5.75000000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley, Series M 61762VAA9 18000.00000000 PA USD 19064.59000000 0.018055118056 Long DBT CORP US N 2 2026-09-15 Variable 5.87499840 N N N N N N MetLife, Inc. C4BXATY60WC6XEOZDX54 MetLife, Inc., Series D 59156RBT4 1000.00000000 PA USD 1001.11000000 0.000948101125 Long DBT CORP US N 2 2028-03-15 Variable 5.87499840 N N N N N N Sprint Corp. 549300ZTTY7CXOLJ6539 Sprint Corp. 85207UAJ4 194000.00000000 PA USD 211460.00000000 0.200263171889 Long DBT CORP US N 2 2025-02-15 Fixed 7.62500000 N N N N N N Repsol SA BSYCX13Y0NOTV14V9N85 Repsol SA N/A 9481.00000000 NS 124193.53000000 0.117617470188 Long EC CORP ES N 2 N N N Duke Energy Corp. I1BZKREC126H0VB1BL91 Duke Energy Corp. 26441CBP9 5000.00000000 PA USD 4431.81000000 0.004197145218 Long DBT CORP US N 2 2082-01-15 Variable 3.25000080 N N N N N N Nokia OYJ 549300A0JPRWG1KI7U06 Nokia OYJ 654902AC9 33000.00000000 PA USD 39311.25000000 0.037229715387 Long DBT CORP FI N 2 2039-05-15 Fixed 6.62500000 N N N N N N Texas Instruments, Inc. WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 1659.00000000 NS USD 304393.32000000 0.288275663317 Long EC CORP US N 1 N N N FREMF Mortgage Trust N/A FREMF Mortgage Trust, Series 2019-KF62, Class B 30310WAF8 10774.66000000 PA USD 10507.81000000 0.009951420411 Long ABS-MBS USGSE US Y 2 2026-04-25 Floating 2.29142880 N N N N N N Iron Mountain, Inc. SQL3F6CKNNBM3SQGHX24 Iron Mountain, Inc. 46284V101 1720.00000000 NS USD 95305.20000000 0.090258780145 Long EC CORP US N 1 N N N Carnival Corp. F1OF2ZSX47CR0BCWA982 Carnival Corp. 143658BJ0 115000.00000000 PA USD 127111.80000000 0.120381217500 Long DBT CORP PA Y 2 2027-08-01 Fixed 9.87500000 N N N N N N APERAM SA 5493001136GE6L4R7M63 APERAM SA N/A 306.00000000 NS 13524.25000000 0.012808139612 Long EC CORP LU N 2 N N N CDW LLC N/A CDW LLC 12513GBD0 40000.00000000 PA USD 39200.00000000 0.037124356086 Long DBT CORP US N 2 2028-04-01 Fixed 4.25000000 N N N N N N Securitized Asset-Backed Receivables LLC Trust N/A Securitized Asset-Backed Receivables LLC Trust, Series 2004-OP2, Class M3 81375WBQ8 76103.22000000 PA USD 75789.92000000 0.071776836169 Long ABS-O CORP US N 3 2034-08-25 Floating 2.48157000 N N N N N N Netflix, Inc. 549300Y7VHGU0I7CE873 Netflix, Inc. 64110LAT3 60000.00000000 PA USD 66138.00000000 0.062635986297 Long DBT CORP US N 2 2028-11-15 Fixed 5.87500000 N N N N N N Bridgestone Corp. 549300DHPOF90OYYD780 Bridgestone Corp. N/A 3400.00000000 NS 131973.67000000 0.124985650998 Long EC CORP JP N 2 N N N SSE plc 549300KI75VYLLMSK856 SSE plc N/A 6367.00000000 NS 145479.87000000 0.137776696360 Long EC CORP GB N 2 N N N InterContinental Hotels Group plc 2138007ZFQYRUSLU3J98 InterContinental Hotels Group plc N/A 1378.00000000 NS 93200.53000000 0.088265552632 Long EC CORP GB N 2 N N N ON Semiconductor Corp. ZV20P4CNJVT8V1ZGJ064 ON Semiconductor Corp. 682189AQ8 85000.00000000 PA USD 81175.00000000 0.076876775646 Long DBT CORP US Y 2 2028-09-01 Fixed 3.87500000 N N N N N N 1011778 BC ULC N/A 1011778 BC ULC 68245XAH2 17000.00000000 PA USD 16108.10000000 0.015255174496 Long DBT CORP CA Y 2 2028-01-15 Fixed 3.87500000 N N N N N N Sirius XM Holdings, Inc. 54930055RWDMVXAGZK98 Sirius XM Holdings, Inc. 82968B103 11613.00000000 NS USD 76878.06000000 0.072807359048 Long EC CORP US N 1 N N Canadian Imperial Bank of Commerce 2IGI19DL77OX0HC3ZE78 Canadian Imperial Bank of Commerce 136069101 663.00000000 NS 80478.54000000 0.076217193272 Long EC CORP CA N 1 N N N NCR Corp. 549300YKTY8JX1DV2R67 NCR Corp. 62886EAV0 105000.00000000 PA USD 105262.50000000 0.099688840116 Long DBT CORP US Y 2 2029-09-01 Fixed 6.12500000 N N N N N N Axalta Dupont PC 549300NZ43V4QV4UGN28 Axalta Dupont PC, Term Loan B 90347BAH1 21178.44000000 PA USD 20970.47000000 0.019860081519 Long LON CORP US N 2 2024-06-01 Variable 2.75600000 N N N N N N DNB Bank ASA 549300GKFG0RYRRQ1414 DNB Bank ASA N/A 2686.00000000 NS 60727.61000000 0.057512076987 Long EC CORP NO N 2 N N N FREMF Mortgage Trust N/A FREMF Mortgage Trust, Series 2018-KC02, Class B 30297FAH8 25000.00000000 PA USD 24061.25000000 0.022787204410 Long ABS-MBS USGSE US Y 2 2025-07-25 Variable 4.11657480 N N N N N N Comcast Corp. 51M0QTTNCGUN7KFCFZ59 Comcast Corp. 20030NCT6 5000.00000000 PA USD 5254.10000000 0.004975894880 Long DBT CORP US N 2 2028-10-15 Fixed 4.15000000 N N N N N N Brink's Co. (The) XFP140TFNOQMIVFTVQ13 Brink's Co. (The) 109696AA2 75000.00000000 PA USD 72939.75000000 0.069077582955 Long DBT CORP US Y 2 2027-10-15 Fixed 4.62500000 N N N N N N JPMorgan Securities Lending Money Market Fund 5493002FD4HXUJXMRO62 JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares 46645V642 199920.01000000 NS USD 199920.01000000 0.189334225512 Long STIV RF US N 1 N N Starbucks Corp. OQSJ1DU9TAOC51A47K68 Starbucks Corp. 855244AZ2 13000.00000000 PA USD 12107.81000000 0.011466700251 Long DBT CORP US N 2 2030-11-15 Fixed 2.55000000 N N N N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA N/A 3386.00000000 NS 90149.22000000 0.085375809801 Long EC CORP FR N 2 N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343VCQ5 8000.00000000 PA USD 8511.45000000 0.008060767872 Long DBT CORP US N 2 2034-11-01 Fixed 4.40000000 N N N N N N Bausch Health Cos., Inc. B3BS7ACMDUWISF18KY76 Bausch Health Cos., Inc. 071734AC1 12000.00000000 PA USD 11824.20000000 0.011198107429 Long DBT CORP CA Y 2 2027-08-15 Fixed 5.75000000 N N N N N N Citigroup, Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967GD7 94000.00000000 PA USD 94996.40000000 0.089966331136 Long DBT CORP US N 2 2023-01-30 Variable 5.95000080 N N N N N N OSB Group plc 213800ZBKL9BHSL2K459 OSB Group plc N/A 2632.00000000 NS 19494.80000000 0.018462548393 Long EC CORP GB N 2 N N N ASR Nederland NV 7245000G0HS48PZWUD53 ASR Nederland NV N/A 445.00000000 NS 20775.24000000 0.019675188967 Long EC CORP NL N 2 N N N Radian Group, Inc. 54930005OUP720S5U385 Radian Group, Inc. 750236AW1 12000.00000000 PA USD 12060.00000000 0.011421421796 Long DBT CORP US N 2 2027-03-15 Fixed 4.87500000 N N N N N N Samsung Electronics Co. Ltd. 9884007ER46L6N7EI764 Samsung Electronics Co. Ltd. N/A 7547.00000000 NS 431861.85000000 0.408994721929 Long EC CORP KR N 2 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 CapitaLand Integrated Commercial Trust N/A 29800.00000000 NS 49299.33000000 0.046688925554 Long EC CORP SG N 2 N N N GNMA 549300M8ZYFG0OCMTT87 GNMA, Series 2016-71, Class QI 38379UUY0 129973.51000000 PA USD 5954.52000000 0.005639227571 Long ABS-MBS USGA US N 2 2057-11-16 Variable 0.91653840 N N N N N N NextEra Energy Operating Partners LP 549300KJEC5IUVJWR786 NextEra Energy Operating Partners LP 65342QAB8 8000.00000000 PA USD 7962.84000000 0.007541206827 Long DBT CORP US Y 2 2027-09-15 Fixed 4.50000000 N N N N N N FNMA B1V7KEBTPIMZEU4LTD58 FNMA UMBS, 30 Year 31418EB90 59815.02000000 PA USD 57146.95000000 0.054121013292 Long ABS-MBS USGSE US N 2 2052-03-01 Fixed 2.50000000 N N N N N N FREMF N/A FREMF, Series 2018-KF46, Class B 302955AC3 3018.43000000 PA USD 2930.83000000 0.002775642258 Long ABS-MBS USGSE US Y 2 2028-03-25 Floating 2.19143160 N N N N N N QinetiQ Group plc 213800S8OBDOZMCMUW34 QinetiQ Group plc N/A 3943.00000000 NS 15669.13000000 0.014839448002 Long EC CORP GB N 2 N N N Post Holdings, Inc. JM1I5YUAURL6DC8N1468 Post Holdings, Inc. 737446AM6 8000.00000000 PA USD 8039.60000000 0.007613902377 Long DBT CORP US Y 2 2027-03-01 Fixed 5.75000000 N N N N N N Taylor Wimpey plc 21380089BTRXTD8S3R66 Taylor Wimpey plc N/A 26727.00000000 NS 45513.89000000 0.043103924980 Long EC CORP GB N 2 N N N Bank of Nova Scotia (The) L3I9ZG2KFGXZ61BMYR72 Bank of Nova Scotia (The) 0641598K5 5000.00000000 PA USD 4597.86000000 0.004354402853 Long DBT CORP CA N 2 2026-09-15 Fixed 1.30000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 Buckeye Partners LP 118230AQ4 60000.00000000 PA USD 58634.40000000 0.055529702666 Long DBT CORP US N 2 2026-12-01 Fixed 3.95000000 N N N N N N APA Group N/A APA Group N/A 3241.00000000 NS 25758.96000000 0.024395020496 Long EC CORP AU N 2 N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343VBG8 3000.00000000 PA USD 2990.63000000 0.002832275842 Long DBT CORP US N 2 2042-11-01 Fixed 3.85000000 N N N N N N JPMorgan Equity Income Fund 5493004E5SGY8TJZ5623 JPMorgan Equity Income Fund, Class R6 46636U876 71442.97600000 NS USD 1699628.40000000 1.609632906543 Long RF US N 1 N N N Equinix, Inc. 549300EVUN2BTLJ3GT74 Equinix, Inc. 29444U700 329.00000000 NS USD 243992.98000000 0.231073527350 Long EC CORP US N 1 N N N UBS Group AG 549300SZJ9VS8SGXAN81 UBS Group AG N/A 200000.00000000 PA USD 211791.60000000 0.200577213636 Long DBT CORP CH Y 2 2025-02-19 Variable 6.99999840 N N N N N N Bausch Health Cos., Inc. B3BS7ACMDUWISF18KY76 Bausch Health Cos., Inc. 071734AH0 340000.00000000 PA USD 280013.80000000 0.265187041335 Long DBT CORP CA Y 2 2028-01-30 Fixed 5.00000000 N N N N N N PCCW Ltd. 254900SI7GPUPA1TJX39 PCCW Ltd. N/A 41000.00000000 NS 23042.72000000 0.021822605675 Long EC CORP HK N 2 N N N Albertsons Cos., Inc. N/A Albertsons Cos., Inc. 013092AB7 38000.00000000 PA USD 37871.37000000 0.035866077177 Long DBT CORP US Y 2 2028-02-15 Fixed 5.87500000 N N N N N N Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 Australia & New Zealand Banking Group Ltd. 05254HAA2 200000.00000000 PA USD 214900.00000000 0.203521023546 Long DBT CORP AU Y 2 2026-06-15 Variable 6.75000000 N N N N N N EnLink Midstream Partners LP 88CPW63VL7KHJWS0NY83 EnLink Midstream Partners LP 29336UAC1 5000.00000000 PA USD 4312.50000000 0.004084152694 Long DBT CORP US N 2 2044-04-01 Fixed 5.60000000 N N N N N N 2022-05-02 JPMORGAN INSURANCE TRUST Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 HG_INSTIBP.htm HTML

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited)

 

Investments

    Shares (000)     Value ($000)  

COMMON STOCKS — 38.0%

 

Australia — 1.0%

 

Adbri Ltd.

      7       15  

AGL Energy Ltd.

      15       88  

Alumina Ltd.

      24       36  

APA Group

      3       26  

Atlas Arteria Ltd.

      2       10  

Bendigo & Adelaide Bank Ltd.

      4       34  

BHP Group Ltd.

      5       199  

Charter Hall Long Wale, REIT

      8       34  

CSR Ltd.

      8       37  

Dexus, REIT

      6       47  

Glencore plc *

      10       66  

Goodman Group, REIT

      3       50  

Insignia Financial Ltd.

      16       43  

Mirvac Group, REIT

      19       36  

Rio Tinto plc

      3       246  

Sonic Healthcare Ltd.

      1       35  

Telstra Corp. Ltd.

      8       25  

Woodside Petroleum Ltd.

      2       48  
    

 

 

  
       1,075  
    

 

 

  

Austria — 0.1%

     

ANDRITZ AG *

      —   (a)      15  

Erste Group Bank AG

      1       19  

Mondi plc

      1       24  

OMV AG

      1       25  
    

 

 

  
       83  
    

 

 

  

Belgium — 0.2%

     

Ageas SA

      —   (a)      25  

Cofinimmo SA, REIT

      —   (a)      35  

Euronav NV

      1       10  

KBC Group NV

      —   (a)      20  

Proximus SADP

      1       22  

Shurgard Self Storage SA

      —   (a)      27  

Telenet Group Holding NV

      —   (a)      14  

Warehouses De Pauw CVA, REIT

      1       40  
    

 

 

  
       193  
    

 

 

  

Brazil — 0.3%

     

B3 SA - Brasil Bolsa Balcao

      42       139  

BB Seguridade Participacoes SA

      5       29  

Itau Unibanco Holding SA (Preference) *

      10       57  

Yara International ASA

      1       31  
    

 

 

  
       256  
    

 

 

  

Canada — 2.4%

     

Algonquin Power & Utilities Corp.

      2       28  

Allied Properties, REIT

      2       64  

Atco Ltd., Class I

      1       23  

Bank of Nova Scotia (The)

      1       62  

Barrick Gold Corp.

      3       83  

BCE, Inc. (b)

      2       111  

Canadian Imperial Bank of Commerce

      1       80  

Canadian National Railway Co.

      1       118  

Canadian Tire Corp. Ltd., Class A

      —   (a)      38  

Canadian Utilities Ltd., Class A (b)

      3       103  

Capital Power Corp.

      1       24  

Chartwell Retirement Residences

      2       15  

Emera, Inc.

      1       29  

Enbridge, Inc.

      2       114  

Fortis, Inc.

      2       108  

Gibson Energy, Inc.

      1       24  

Great-West Lifeco, Inc.

      3       76  

Hydro One Ltd. (c)

      4       105  

IGM Financial, Inc.

      2       64  

Keyera Corp.

      1       29  

Manulife Financial Corp.

      4       81  

Northland Power, Inc.

      1       24  

Nutrien Ltd.

      1       90  

Pembina Pipeline Corp.

      3       116  

Power Corp. of Canada

      2       75  

Restaurant Brands International, Inc.

      1       74  

Rogers Communications, Inc., Class B

      2       86  

Shaw Communications, Inc., Class B

      3       86  

Sienna Senior Living, Inc.

      2       23  

Superior Plus Corp.

      2       22  

TC Energy Corp.

      5       290  

TELUS Corp.

      4       113  

Thomson Reuters Corp.

      —   (a)      20  

Toronto-Dominion Bank (The)

      2       141  

TransAlta Renewables, Inc.

      2       22  
    

 

 

  
       2,561  
    

 

 

  

Chile — 0.0% (d)

     

Banco Santander Chile, ADR

      2       43  
    

 

 

  

China — 1.6%

     

China Construction Bank Corp., Class H

      251       188  

China Merchants Bank Co. Ltd., Class H

      23       181  

China Pacific Insurance Group Co. Ltd., Class H

      34       83  

China Petroleum & Chemical Corp., Class H

      142       70  

China Resources Land Ltd.

      20       93  

Fuyao Glass Industry Group Co. Ltd., Class A

      3       16  

Fuyao Glass Industry Group Co. Ltd., Class H (c)

      1       3  

Guangdong Investment Ltd.

      32       44  

Haier Smart Home Co. Ltd., Class H

      36       116  

Huayu Automotive Systems Co. Ltd., Class A

      19       60  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

      22       126  

Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A

      1       13  

Joyoung Co. Ltd., Class A

      8       20  

Midea Group Co. Ltd., Class A

      11       100  

NetEase, Inc.

      6       115  

Ping An Insurance Group Co. of China Ltd., Class H

      16       108  

Postal Savings Bank of China Co. Ltd., Class H (c)

      121       97  

Tingyi Cayman Islands Holding Corp.

      50       84  

Topsports International Holdings Ltd. (c)

      36       30  

Wilmar International Ltd.

      13       46  

Xinyi Solar Holdings Ltd.

      28       49  

Yum China Holdings, Inc.

      1       39  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

Zhejiang Supor Co. Ltd., Class A

      7       51  
    

 

 

  
       1,732  
    

 

 

  

Denmark — 0.5%

     

AP Moller - Maersk A/S, Class B

      —   (a)      27  

Carlsberg A/S, Class B

      1       126  

Novo Nordisk A/S, Class B

      3       331  

Topdanmark A/S

      —   (a)      15  
    

 

 

  
       499  
    

 

 

  

Finland — 0.4%

     

Elisa OYJ

      1       58  

Fortum OYJ

      1       20  

Nordea Bank Abp

      15       153  

Orion OYJ, Class B

      2       73  

Sampo OYJ, Class A

      1       27  

Wartsila OYJ Abp

      5       42  
    

 

 

  
       373  
    

 

 

  

France — 1.4%

     

Amundi SA (c)

      —   (a)      16  

Atos SE

      —   (a)      12  

AXA SA

      2       48  

BNP Paribas SA

      1       39  

Capgemini SE

      —   (a)      79  

Cie de Saint-Gobain

      1       38  

Covivio, REIT

      —   (a)      31  

Credit Agricole SA

      6       74  

Danone SA

      1       65  

Electricite de France SA

      2       21  

Engie SA

      4       57  

Eutelsat Communications SA

      2       20  

Gaztransport Et Technigaz SA

      —   (a)      28  

Klepierre SA, REIT *

      3       90  

L’Oreal SA

      —   (a)      77  

LVMH Moet Hennessy Louis Vuitton SE

      —   (a)      185  

Orange SA

      5       63  

Publicis Groupe SA

      1       37  

Rexel SA *

      1       22  

Rubis SCA

      1       22  

Sanofi

      —   (a)      35  

Societe Generale SA

      1       29  

TotalEnergies SE

      3       139  

Vinci SA

      2       217  

Vivendi SE

      4       47  
    

 

 

  
       1,491  
    

 

 

  

Germany — 1.4%

     

Allianz SE (Registered)

      1       292  

Aroundtown SA

      7       39  

BASF SE

      2       98  

Bayerische Motoren Werke AG

      —   (a)      40  

Daimler Truck Holding AG *

      —   (a)      10  

Deutsche Post AG (Registered)

      4       177  

Deutsche Telekom AG (Registered)

      7       125  

E.ON SE

      2       25  

Evonik Industries AG

      1       19  

Freenet AG

      2       53  

LEG Immobilien SE

      —   (a)      36  

Mercedes-Benz Group AG

      1       49  

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)

      1       170  

RWE AG

      1       25  

Siemens AG (Registered)

      1       75  

Telefonica Deutschland Holding AG

      36       97  

Uniper SE

      1       20  

Vonovia SE

      3       124  
    

 

 

  
       1,474  
    

 

 

  

Hong Kong — 0.6%

     

CK Asset Holdings Ltd.

      5       34  

CK Infrastructure Holdings Ltd.

      4       23  

CLP Holdings Ltd.

      3       24  

Hang Seng Bank Ltd.

      3       63  

HK Electric Investments & HK Electric Investments Ltd. (c)

      7       6  

HKBN Ltd.

      18       20  

HKT Trust & HKT Ltd.

      49       67  

Hong Kong Exchanges & Clearing Ltd.

      2       113  

New World Development Co. Ltd.

      9       37  

PCCW Ltd.

      41       23  

Power Assets Holdings Ltd.

      4       26  

VTech Holdings Ltd.

      4       31  

WH Group Ltd. (c)

      28       18  

Xinyi Glass Holdings Ltd.

      26       63  

Yue Yuen Industrial Holdings Ltd. *

      17       27  
    

 

 

  
       575  
    

 

 

  

India — 0.3%

     

Infosys Ltd., ADR

      14       354  
    

 

 

  

Indonesia — 0.3%

     

Bank Rakyat Indonesia Persero Tbk. PT

      492       159  

Telkom Indonesia Persero Tbk. PT, ADR

      6       177  
    

 

 

  
       336  
    

 

 

  

Ireland — 0.0% (d)

     

Smurfit Kappa Group plc

      1       25  
    

 

 

  

Italy — 0.6%

     

A2A SpA

      40       69  

ACEA SpA

      1       13  

Assicurazioni Generali SpA

      3       79  

Banca Generali SpA

      1       23  

Banca Mediolanum SpA

      7       55  

Enel SpA

      10       65  

Eni SpA

      4       52  

ERG SpA

      —   (a)      9  

Hera SpA

      5       17  

Intesa Sanpaolo SpA

      45       104  

Iren SpA

      9       23  

Italgas SpA

      4       23  

Mediobanca Banca di Credito Finanziario SpA

      2       21  

Poste Italiane SpA (c)

      2       24  

Snam SpA

      5       27  

Terna - Rete Elettrica Nazionale

      3       30  

UniCredit SpA

      3       27  

Unipol Gruppo SpA

      2       11  
    

 

 

  
       672  
    

 

 

  

Japan — 1.9%

     

Aozora Bank Ltd.

      2       51  

ARTERIA Networks Corp.

      1       14  

Bridgestone Corp.

      3       132  

Chubu Electric Power Co., Inc.

      2       24  

Chugoku Electric Power Co., Inc. (The)

      3       20  

Dai Nippon Printing Co. Ltd.

      2       40  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

Daiwa House Industry Co. Ltd.

      1       26  

Daiwa House REIT Investment Corp., REIT

      —   (a)      35  

Electric Power Development Co. Ltd.

      4       61  

ENEOS Holdings, Inc.

      9       35  

FANUC Corp.

      —   (a)      18  

Frontier Real Estate Investment Corp., REIT

      —   (a)      21  

Hokkaido Electric Power Co., Inc.

      5       18  

Honda Motor Co. Ltd.

      3       91  

Idemitsu Kosan Co. Ltd.

      2       41  

Japan Metropolitan Fund Investment Corp., REIT

      —   (a)      92  

Japan Post Holdings Co. Ltd.

      8       59  

Japan Tobacco, Inc.

      3       44  

Kansai Electric Power Co., Inc. (The)

      7       66  

KDDI Corp.

      2       49  

Konica Minolta, Inc.

      12       49  

Kyushu Railway Co.

      2       41  

Mitsubishi Chemical Holdings Corp.

      11       72  

Mitsui Fudosan Logistics Park, Inc., REIT

      —   (a)      28  

Nippon Accommodations Fund, Inc., REIT

      —   (a)      47  

Nippon Building Fund, Inc., REIT

      —   (a)      45  

Nippon Prologis REIT, Inc., REIT

      —   (a)      41  

Nippon Telegraph & Telephone Corp.

      3       73  

Okinawa Electric Power Co., Inc. (The)

      1       12  

Osaka Gas Co. Ltd.

      —   (a)      7  

Shikoku Electric Power Co., Inc.

      1       6  

Shin-Etsu Chemical Co. Ltd.

      1       121  

SoftBank Corp.

      8       90  

Sumitomo Forestry Co. Ltd.

      1       18  

Takeda Pharmaceutical Co. Ltd.

      2       60  

Tohoku Electric Power Co., Inc.

      10       56  

Tokio Marine Holdings, Inc.

      2       105  

Tokyo Electron Ltd.

      —   (a)      51  

Tokyo Gas Co. Ltd.

      1       15  

Toyota Motor Corp.

      6       103  

United Urban Investment Corp., REIT

      —   (a)      21  
    

 

 

  
       1,998  
    

 

 

  

Luxembourg — 0.0% (d)

     

APERAM SA

      —   (a)      13  

Intelsat Emergence SA * ‡

      —   (a)      11  
    

 

 

  
       24  
    

 

 

  

Mexico — 0.4%

     

Bolsa Mexicana de Valores SAB de CV

      6       13  

Grupo Financiero Banorte SAB de CV, Class O

      26       193  

Kimberly-Clark de Mexico SAB de CV, Class A

      21       29  

Wal-Mart de Mexico SAB de CV

      54       223  
    

 

 

  
       458  
    

 

 

  

Netherlands — 0.4%

     

ASML Holding NV

      —   (a)      118  

ASR Nederland NV

      —   (a)      21  

BE Semiconductor Industries NV

      —   (a)      26  

CTP NV (c)

      2       38  

Eurocommercial Properties NV, REIT

      1       23  

Flow Traders (c)

      —   (a)      10  

ING Groep NV

      3       31  

Koninklijke Ahold Delhaize NV

      1       39  

Koninklijke KPN NV

      13       47  

NN Group NV

      —   (a)      24  

OCI NV *

      1       21  

PostNL NV

      6       23  

Randstad NV

      —   (a)      27  

Signify NV (c)

      —   (a)      18  
    

 

 

  
       466  
    

 

 

  

New Zealand — 0.1%

     

Contact Energy Ltd.

      9       52  

Spark New Zealand Ltd.

      23       72  
    

 

 

  
       124  
    

 

 

  

Norway — 0.3%

     

Aker BP ASA

      1       37  

DNB Bank ASA

      3       61  

Equinor ASA

      1       53  

Fjordkraft Holding ASA (c)

      3       13  

FLEX LNG Ltd.

      —   (a)      8  

Gjensidige Forsikring ASA

      1       27  

Norsk Hydro ASA

      4       39  

SFL Corp. Ltd.

      3       26  

Telenor ASA

      6       85  
    

 

 

  
       349  
    

 

 

  

Poland — 0.1%

     

Powszechny Zaklad Ubezpieczen SA

      7       57  
    

 

 

  

Portugal — 0.1%

     

EDP - Energias de Portugal SA

      4       22  

Galp Energia SGPS SA

      3       42  

Jeronimo Martins SGPS SA

      1       33  

NOS SGPS SA

      6       24  

Redes Energeticas Nacionais SGPS SA

      4       12  
    

 

 

  
       133  
    

 

 

  

Russia — 0.0% (d)

     

Moscow Exchange MICEX-RTS PJSC ‡

      22       1  

Raspadskaya OJSC ‡

      2       —   (a) 

Severstal PAO, GDR ‡ (c)

      1       —   (a) 

Severstal PAO, GDR ‡ (c)

      —   (a)      —   (a) 
    

 

 

  
       1  
    

 

 

  

Saudi Arabia — 0.1%

     

Al Rajhi Bank

      2       79  
    

 

 

  

Singapore — 0.3%

     

Ascendas, REIT

      14       30  

BW LPG Ltd. (c)

      4       31  

CapitaLand Integrated Commercial Trust, REIT

      30       49  

DBS Group Holdings Ltd.

      4       107  

Digital Core REIT Management Pte. Ltd., REIT *

      15       17  

Keppel Infrastructure Trust

      39       16  

NetLink NBN Trust (c)

      31       22  

Singapore Telecommunications Ltd.

      13       26  

StarHub Ltd.

      16       15  
    

 

 

  
       313  
    

 

 

  

South Africa — 0.2%

     

Anglo American plc

      2       91  

AVI Ltd.

      3       13  

Bid Corp. Ltd.

      1       30  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

Sanlam Ltd.

      6       28  

SPAR Group Ltd. (The)

      1       7  

Vodacom Group Ltd.

      6       61  
    

 

 

  
       230  
    

 

 

  

South Korea — 0.6%

     

ESR Kendall Square REIT Co. Ltd., REIT

      6       37  

Korea Electric Power Corp. *

      1       22  

Korea Gas Corp.

      1       22  

LG Uplus Corp.

      2       23  

NCSoft Corp.

      —   (a)      30  

Samsung Electronics Co. Ltd.

      8       432  

SK Telecom Co. Ltd., ADR

      1       18  
    

 

 

  
       584  
    

 

 

  

Spain — 1.0%

     

Acerinox SA

      2       17  

Atlantica Sustainable Infrastructure plc

      1       22  

Banco Bilbao Vizcaya Argentaria SA

      7       40  

Banco Santander SA

      14       46  

Cellnex Telecom SA (c)

      1       44  

Cia de Distribucion Integral Logista Holdings SA

      1       17  

Enagas SA

      5       101  

Endesa SA

      4       98  

Iberdrola SA

      20       218  

Mapfre SA

      7       15  

Naturgy Energy Group SA

      4       133  

Red Electrica Corp. SA

      3       61  

Repsol SA

      9       124  

Telefonica SA

      26       128  
    

 

 

  
       1,064  
    

 

 

  

Sweden — 0.6%

     

Boliden AB

      1       50  

Lundin Energy AB

      1       43  

Skandinaviska Enskilda Banken AB, Class A

      2       25  

SSAB AB, Class B *

      4       24  

Svenska Handelsbanken AB, Class A

      2       23  

Tele2 AB, Class B

      8       125  

Telia Co. AB

      17       68  

Thule Group AB (c)

      —   (a)      12  

Volvo AB, Class B

      12       228  
    

 

 

  
       598  
    

 

 

  

Switzerland — 1.5%

     

ABB Ltd. (Registered)

      2       58  

Nestle SA (Registered)

      4       480  

Novartis AG (Registered)

      2       168  

OC Oerlikon Corp. AG (Registered)

      6       46  

Roche Holding AG

      1       551  

Swiss Life Holding AG (Registered)

      —   (a)      16  

Swisscom AG (Registered)

      —   (a)      24  

UBS Group AG (Registered)

      3       58  

Zurich Insurance Group AG

      —   (a)      225  
    

 

 

  
       1,626  
    

 

 

  

Taiwan — 1.2%

     

Accton Technology Corp.

      5       35  

ASE Technology Holding Co. Ltd.

      17       60  

Chailease Holding Co. Ltd.

      5       41  

Chicony Electronics Co. Ltd.

      2       6  

Delta Electronics, Inc.

      8       75  

MediaTek, Inc.

      3       91  

Mega Financial Holding Co. Ltd.

      33       49  

Novatek Microelectronics Corp.

      6       86  

President Chain Store Corp.

      8       72  

Quanta Computer, Inc.

      26       80  

Realtek Semiconductor Corp.

      4       53  

Taiwan Semiconductor Manufacturing Co. Ltd.

      24       484  

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

      —   (a)      48  

Vanguard International Semiconductor Corp.

      11       48  

Wiwynn Corp.

      1       32  
    

 

 

  
       1,260  
    

 

 

  

Thailand — 0.1%

     

Siam Cement PCL (The) (Registered)

      4       46  
    

 

 

  

United Kingdom — 2.2%

     

3i Group plc

      2       35  

Admiral Group plc

      1       20  

Aviva plc

      6       36  

Barclays plc

      16       31  

Barratt Developments plc

      11       73  

Berkeley Group Holdings plc *

      1       25  

BP plc

      31       151  

Centrica plc *

      23       24  

Coca-Cola Europacific Partners plc

      1       40  

Diageo plc

      2       90  

Direct Line Insurance Group plc

      20       73  

Drax Group plc

      2       21  

Dunelm Group plc

      1       14  

Hays plc

      12       20  

Howden Joinery Group plc

      2       24  

HSBC Holdings plc

      13       88  

IG Group Holdings plc

      1       8  

Imperial Brands plc

      3       73  

InterContinental Hotels Group plc

      1       93  

Intermediate Capital Group plc

      1       22  

J Sainsbury plc

      7       22  

Johnson Matthey plc

      1       16  

Legal & General Group plc

      9       33  

Lloyds Banking Group plc

      70       43  

LondonMetric Property plc, REIT

      8       30  

Man Group plc

      11       33  

National Grid plc

      6       87  

NatWest Group plc

      9       26  

OSB Group plc

      3       19  

Pagegroup plc

      2       14  

Pennon Group plc

      1       18  

Persimmon plc

      3       74  

QinetiQ Group plc

      4       16  

RELX plc

      6       194  

Safestore Holdings plc, REIT

      2       37  

Sage Group plc (The)

      10       93  

Schroders plc

      1       21  

Severn Trent plc

      1       28  

SSE plc

      6       145  

St. James’s Place plc

      2       31  

Taylor Wimpey plc

      27       46  

Tesco plc

      8       31  

Tritax EuroBox plc (c)

      13       18  

Unilever plc

      1       50  

UNITE Group plc (The), REIT

      2       27  

United Utilities Group plc

      3       47  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

Vodafone Group plc

      44       72  

WPP plc

      6       74  
    

 

 

  
       2,306  
    

 

 

  

United States — 15.8%

     

3M Co.

      —   (a)      74  

AbbVie, Inc.

      3       515  

AGNC Investment Corp., REIT

      6       73  

Alexandria Real Estate Equities, Inc., REIT

      1       108  

Alliant Energy Corp.

      1       32  

American Electric Power Co., Inc.

      1       71  

American Tower Corp., REIT

      —   (a)      98  

Americold Realty Trust, REIT

      2       54  

Amgen, Inc.

      —   (a)      70  

Analog Devices, Inc.

      1       180  

Annaly Capital Management, Inc., REIT

      10       72  

AT&T, Inc.

      4       92  

AvalonBay Communities, Inc., REIT

      —   (a)      86  

Avangrid, Inc. (b)

      1       45  

Avast plc (c)

      4       26  

Avista Corp.

      1       26  

Bank of America Corp.

      3       121  

Boston Properties, Inc., REIT

      1       81  

Brandywine Realty Trust, REIT

      4       58  

Bristol-Myers Squibb Co.

      5       384  

Brixmor Property Group, Inc., REIT

      3       64  

Bunge Ltd.

      1       91  

Camden Property Trust, REIT

      —   (a)      76  

Campbell Soup Co.

      2       77  

Cardinal Health, Inc.

      1       84  

CenterPoint Energy, Inc.

      5       141  

CF Industries Holdings, Inc.

      1       93  

Chesapeake Energy Corp. (b)

      —   (a)      6  

Chevron Corp.

      1       188  

Cisco Systems, Inc.

      1       76  

Clear Channel Outdoor Holdings, Inc. *

      5       17  

Clearway Energy, Inc., Class C

      1       21  

Clorox Co. (The)

      1       73  

CME Group, Inc.

      1       149  

Coca-Cola Co. (The)

      8       511  

Cogent Communications Holdings, Inc.

      —   (a)      22  

Comcast Corp., Class A

      5       241  

Comerica, Inc.

      1       82  

Conagra Brands, Inc.

      2       78  

Consolidated Edison, Inc.

      1       91  

Crown Castle International Corp., REIT

      —   (a)      27  

Cummins, Inc.

      —   (a)      35  

DHT Holdings, Inc.

      1       4  

Digital Realty Trust, Inc., REIT

      1       75  

Douglas Emmett, Inc., REIT

      2       61  

Dow, Inc.

      1       83  

Duke Energy Corp.

      1       113  

Eastman Chemical Co.

      2       215  

Eaton Corp. plc

      1       173  

Edison International

      1       85  

Emerson Electric Co.

      1       77  

Entergy Corp.

      1       81  

EOG Resources, Inc.

      —   (a)      39  

EP Energy Corp. *

      —   (a)      37  

Equinix, Inc., REIT

      —   (a)      244  

Equitrans Midstream Corp.

      3       24  

Equity LifeStyle Properties, Inc., REIT

      1       65  

Essex Property Trust, Inc., REIT

      —   (a)      74  

Evergy, Inc.

      2       107  

Exelon Corp.

      1       61  

Exxon Mobil Corp.

      1       90  

Fastenal Co.

      1       75  

Federal Realty Investment Trust, REIT

      1       137  

FirstEnergy Corp.

      1       29  

Frontier Communications Parent, Inc. *

      1       41  

General Dynamics Corp.

      —   (a)      90  

General Mills, Inc.

      1       80  

Genuine Parts Co.

      1       77  

Gilead Sciences, Inc.

      1       64  

GlaxoSmithKline plc

      8       170  

Hasbro, Inc.

      1       57  

Hawaiian Electric Industries, Inc.

      1       27  

Healthpeak Properties, Inc., REIT

      2       76  

Hewlett Packard Enterprise Co.

      5       84  

Host Hotels & Resorts, Inc., REIT

      6       113  

HP, Inc.

      2       78  

iHeartMedia, Inc., Class A *

      1       23  

Intel Corp.

      1       35  

International Business Machines Corp.

      1       74  

International Paper Co.

      2       75  

Interpublic Group of Cos., Inc. (The)

      2       58  

Invitation Homes, Inc., REIT

      3       106  

Iron Mountain, Inc., REIT

      2       95  

JM Smucker Co. (The)

      —   (a)      50  

Johnson & Johnson

      3       556  

Juniper Networks, Inc.

      2       90  

Kellogg Co.

      1       78  

Kilroy Realty Corp., REIT

      1       60  

Kimberly-Clark Corp.

      1       75  

Kimco Realty Corp., REIT

      5       121  

Kinder Morgan, Inc.

      6       110  

Kraft Heinz Co. (The)

      2       81  

Lumen Technologies, Inc.

      8       87  

LyondellBasell Industries NV, Class A

      1       82  

Marathon Petroleum Corp.

      1       92  

McDonald’s Corp.

      1       306  

Merck & Co., Inc.

      4       336  

Motorola Solutions, Inc.

      —   (a)      16  

National HealthCare Corp.

      —   (a)      14  

National Retail Properties, Inc., REIT

      1       46  

NetApp, Inc.

      1       75  

Newell Brands, Inc.

      3       70  

Newmont Corp.

      —   (a)      30  

NextEra Energy, Inc.

      2       193  

NiSource, Inc.

      1       18  

NMG, Inc. *

      —   (a)      —   (a) 

Norfolk Southern Corp.

      —   (a)      129  

NorthWestern Corp.

      —   (a)      27  

NortonLifeLock, Inc.

      2       54  

NRG Energy, Inc.

      1       23  

Oasis Petroleum, Inc.

      1       119  

Omnicom Group, Inc.

      1       86  

ONEOK, Inc.

      2       115  

PACCAR, Inc.

      1       73  

Park Hotels & Resorts, Inc., REIT

      2       44  

PepsiCo, Inc.

      1       147  

Philip Morris International, Inc.

      1       105  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

Phillips 66

      1       93  

Pinnacle West Capital Corp.

      1       111  

Pioneer Natural Resources Co.

      —   (a)      76  

PPL Corp.

      3       96  

Procter & Gamble Co. (The)

      3       396  

Progressive Corp. (The)

      2       251  

Prologis, Inc., REIT

      2       356  

Public Service Enterprise Group, Inc.

      —   (a)      29  

Public Storage, REIT

      —   (a)      166  

Raytheon Technologies Corp.

      1       85  

Realty Income Corp., REIT

      1       76  

Regency Centers Corp., REIT

      1       78  

Rexford Industrial Realty, Inc., REIT

      1       46  

Schneider Electric SE

      —   (a)      48  

Seagate Technology Holdings plc

      2       219  

Shenandoah Telecommunications Co.

      1       23  

Simon Property Group, Inc., REIT

      1       74  

Sirius XM Holdings, Inc. (b)

      12       77  

Southern Co. (The)

      2       112  

State Street Corp.

      2       134  

Steel Dynamics, Inc.

      1       85  

Stellantis NV

      1       15  

Stellantis NV

      7       108  

Sun Communities, Inc., REIT

      1       137  

T. Rowe Price Group, Inc.

      1       76  

Texas Instruments, Inc.

      2       304  

TJX Cos., Inc. (The)

      3       159  

Trane Technologies plc

      1       146  

Truist Financial Corp.

      2       135  

UGI Corp.

      1       21  

UnitedHealth Group, Inc.

      —   (a)      81  

Valero Energy Corp.

      1       96  

Ventas, Inc., REIT

      3       199  

Verizon Communications, Inc.

      5       231  

VICI Properties, Inc., REIT

      2       71  

VMware, Inc., Class A

      1       73  

Walgreens Boots Alliance, Inc.

      2       69  

Wells Fargo & Co.

      2       96  

Welltower, Inc., REIT

      2       168  

Western Union Co. (The)

      4       77  

Weyerhaeuser Co., REIT

      2       70  

Whiting Petroleum Corp.

      1       72  

Williams Cos., Inc. (The)

      4       120  

WP Carey, Inc., REIT

      1       75  
    

 

 

  
           16,619  
    

 

 

  

TOTAL COMMON STOCKS

(Cost $34,122)

        40,077  
    

 

 

  
     Principal
Amount ($000)		        

CORPORATE BONDS — 33.7%

     

Australia — 0.2%

     

Australia & New Zealand Banking Group Ltd. (USD ICE Swap Rate 5 Year + 5.17%), 6.75%, 6/15/2026 (e) (f) (g) (h)

      200       215  

FMG Resources August 2006 Pty. Ltd. 4.50%, 9/15/2027 (g)

      12       12  

Glencore Funding LLC 2.50%, 9/1/2030 (g)

      6       5  
    

 

 

  
       232  
    

 

 

  

Belgium — 0.0% (d)

     

Anheuser-Busch InBev Worldwide, Inc.

     

3.50%, 6/1/2030

      19       19  

4.38%, 4/15/2038

      1       1  
    

 

 

  
       20  
    

 

 

  

Canada — 1.2%

     

1011778 BC ULC 3.88%, 1/15/2028 (g)

      17       16  

Bank of Nova Scotia (The)

     

(ICE LIBOR USD 3 Month + 2.65%), 4.65%, 10/12/2022 (e) (f) (h)

      13       12  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.55%), 4.90%, 6/4/2025 (e) (f) (h)

      18       18  

1.30%, 9/15/2026

      5       5  

Bell Canada (The) Series US-5, 2.15%, 2/15/2032

      6       5  

Bombardier, Inc.

     

7.50%, 12/1/2024 (g)

      37       38  

7.50%, 3/15/2025 (g)

      34       34  

Emera, Inc. Series 16-A, (ICE LIBOR USD 3 Month + 5.44%), 6.75%, 6/15/2076 (f)

      240       253  

Enbridge, Inc.

     

Series 16-A, (ICE LIBOR USD 3 Month + 3.89%), 6.00%, 1/15/2077 (f)

      10       10  

(ICE LIBOR USD 3 Month + 3.64%), 6.25%, 3/1/2078 (f)

      45       47  

Series 20-A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 5.75%, 7/15/2080 (f)

      117       121  

GFL Environmental, Inc. 3.50%, 9/1/2028 (g)

      190       179  

MEG Energy Corp. 6.50%, 1/15/2025 (b) (g)

      15       15  

NOVA Chemicals Corp.

     

5.00%, 5/1/2025 (g)

      89       89  

5.25%, 6/1/2027 (g)

      26       26  

4.25%, 5/15/2029 (g)

      40       37  

Precision Drilling Corp. 7.13%, 1/15/2026 (g)

      23       24  

Quebecor Media, Inc. 5.75%, 1/15/2023

      130       132  

Rogers Communications, Inc.

     

3.80%, 3/15/2032 (g)

      5       5  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.59%), 5.25%, 3/15/2082 (f) (g)

      40       39  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Transcanada Trust

      

Series 16-A, (ICE LIBOR USD 3 Month + 4.64%), 5.87%, 8/15/2076 (f)

      33        33  

(ICE LIBOR USD 3 Month + 3.21%), 5.30%, 3/15/2077 (f)

      10        10  

(SOFR + 4.42%), 5.50%, 9/15/2079 (f)

      72        72  

Videotron Ltd. 5.13%, 4/15/2027 (g)

      32        33  
     

 

 

  
        1,253  
     

 

 

  

Cayman Islands — 0.0% (d)

      

Global Aircraft Leasing Co. Ltd. 6.50% (cash), 9/15/2024 (g) (i)

      32        29  
     

 

 

  

Finland — 0.1%

      

Nokia OYJ

      

4.38%, 6/12/2027

      12        12  

6.63%, 5/15/2039

      33        39  
     

 

 

  
        51  
     

 

 

  

France — 0.6%

      

Altice France SA 8.13%, 2/1/2027 (g)

      200        206  

Credit Agricole SA (USD Swap Semi 5 Year + 6.19%), 8.12%, 12/23/2025 (e) (f) (g) (h)

      200        223  

Societe Generale SA (USD ICE Swap Rate 5 Year + 5.87%), 8.00%, 9/29/2025 (e) (f) (g) (h)

      200        216  
     

 

 

  
     645  
     

 

 

  

Germany — 0.0% (d)

      

Deutsche Telekom International Finance BV 8.75%, 6/15/2030 (j)

      16        21  
     

 

 

  

Ireland — 0.2%

      

AerCap Holdings NV (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.54%), 5.87%, 10/10/2079 (f)

      150        144  

Avolon Holdings Funding Ltd.

      

5.25%, 5/15/2024 (g)

      21        21  

2.53%, 11/18/2027 (g)

      71        63  

Park Aerospace Holdings Ltd.

      

4.50%, 3/15/2023 (g)

      16        16  

5.50%, 2/15/2024 (g)

      11        12  
     

 

 

  
     256  
     

 

 

  

Italy — 0.1%

      

Telecom Italia Capital SA

      

6.38%, 11/15/2033

      20        19  

6.00%, 9/30/2034

      112        105  
     

 

 

  
     124  
     

 

 

  

Luxembourg — 0.0% (d)

      

Intelsat Jackson Holdings SA 6.50%, 3/15/2030 (g)

      24        24  
     

 

 

  

Netherlands — 0.4%

      

ING Groep NV (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.86%), 3.88%, 5/16/2027 (e) (f) (h)

      200        174  

Trivium Packaging Finance BV 5.50%, 8/15/2026 (g) (j)

      200        199  
     

 

 

  
     373  
     

 

 

  

Sweden — 0.2%

      

Svenska Handelsbanken AB (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.05%), 4.75%, 3/1/2031 (c) (e) (f) (h)

      200        193  
     

 

 

  

Switzerland — 0.6%

      

Cloverie PLC for Zurich Insurance Co Ltd (ICE LIBOR USD 3 Month + 4.92%), 5.63%, 6/24/2046 (c) (f)

      200        210  

Credit Suisse Group AG (USD Swap Semi 5 Year + 3.46%), 6.25%, 12/18/2024 (e) (f) (g) (h)

      200        201  

UBS Group AG (USD Swap Semi 5 Year + 4.87%), 7.00%, 2/19/2025 (c) (e) (f) (h)

      200        212  
     

 

 

  
     623  
     

 

 

  

United Kingdom — 0.9%

      

BAT Capital Corp. 4.39%, 8/15/2037

      8        7  

BP Capital Markets plc

      

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.04%), 4.38%, 6/22/2025 (e) (f) (h)

      26        26  

(EUR Swap Annual 5 Year + 4.12%), 3.63%, 3/22/2029 (c) (e) (f) (h)

    EUR  100        109  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.40%), 4.88%, 3/22/2030 (e) (f) (h)

      142        143  

Nationwide Building Society (U.K. Government Bonds 5 Year Note Generic Bid Yield + 5.63%), 5.75%, 6/20/2027 (c) (e) (f) (h)

    GBP  250        331  

NatWest Group plc (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.63%), 6.00%, 12/29/2025 (e) (f) (h)

      200        204  

Vodafone Group plc

      

5.00%, 5/30/2038

      10        11  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

(USD Swap Semi 5 Year + 4.87%), 7.00%, 4/4/2079 (f)

      57        63  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 4.12%, 6/4/2081 (f)

      65        59  
     

 

 

  
     953  
     

 

 

  

United States — 29.2%

      

7-Eleven, Inc. 1.80%, 2/10/2031 (g)

      6        5  

AbbVie, Inc. 3.20%, 11/21/2029

      26        26  

Acadia Healthcare Co., Inc. 5.50%, 7/1/2028 (g)

      95        96  

ACCO Brands Corp. 4.25%, 3/15/2029 (g)

      105        97  

Activision Blizzard, Inc. 1.35%, 9/15/2030

      10        9  

ADT Security Corp. (The)

      

4.13%, 6/15/2023

      82        83  

4.88%, 7/15/2032 (g)

      45        41  

Advanced Drainage Systems, Inc. 5.00%, 9/30/2027 (g)

      10        10  

AECOM 5.13%, 3/15/2027

      53        54  

Aetna, Inc. 3.88%, 8/15/2047

      10        10  

Air Lease Corp. 3.75%, 6/1/2026

      5        5  

Albertsons Cos., Inc.

      

7.50%, 3/15/2026 (g)

      80        84  

5.88%, 2/15/2028 (g)

      38        38  

Alcoa Nederland Holding BV 6.13%, 5/15/2028 (g)

      200        210  

Alexandria Real Estate Equities, Inc. REIT, 2.75%, 12/15/2029

      5        5  

Allegheny Technologies, Inc. 5.88%, 12/1/2027

      10        10  

Allied Universal Holdco LLC

      

6.63%, 7/15/2026 (g)

      13        13  

9.75%, 7/15/2027 (g)

      13        14  

Allison Transmission, Inc.

      

4.75%, 10/1/2027 (g)

      65        64  

5.88%, 6/1/2029 (g)

      70        71  

Ally Financial, Inc.

      

5.75%, 11/20/2025

      110        116  

Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 7 Year + 3.48%), 4.70%, 5/15/2028 (e) (f) (h)

      55        50  

8.00%, 11/1/2031

      39        49  

Altria Group, Inc.

      

4.80%, 2/14/2029

      5        5  

3.40%, 2/4/2041

      3        3  

AMC Entertainment Holdings, Inc. 10.00% (cash), 6/15/2026 (b) (g) (i)

      81        73  

Ameren Corp. 3.50%, 1/15/2031

      5        5  

American Airlines Group, Inc. 5.00%, 6/1/2022 (b) (g)

      21        21  

American Airlines, Inc.

      

5.50%, 4/20/2026 (g)

      70        70  

5.75%, 4/20/2029 (g)

      85        85  

American Axle & Manufacturing, Inc.

      

6.25%, 3/15/2026

      24        24  

6.50%, 4/1/2027 (b)

      53        53  

American Electric Power Co., Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 3.88%, 2/15/2062 (f)

      42        39  

American International Group, Inc.

      

3.88%, 1/15/2035

      15        15  

Series A-9, (ICE LIBOR USD 3 Month + 2.87%), 5.75%, 4/1/2048 (f)

      10        10  

American Tower Corp. REIT, 1.50%, 1/31/2028 15

         13  

AmeriGas Partners LP

      

5.63%, 5/20/2024

      25        25  

5.88%, 8/20/2026

      55        55  

Amgen, Inc. 2.00%, 1/15/2032

      10        9  

Amkor Technology, Inc. 6.63%, 9/15/2027 (g)

      62        64  

Amsted Industries, Inc. 5.63%, 7/1/2027 (g)

      21        21  

Antero Midstream Partners LP

      

7.88%, 5/15/2026 (g)

      65        70  

5.38%, 6/15/2029 (g)

      60        60  

Antero Resources Corp.

      

8.38%, 7/15/2026 (g)

      41        45  

5.38%, 3/1/2030 (g)

      55        56  

Anthem, Inc. 2.88%, 9/15/2029

      13        13  

Apple, Inc. 4.50%, 2/23/2036

      3        3  

Aramark Services, Inc. 5.00%, 2/1/2028 (g)

      85        82  

Arches Buyer, Inc. 4.25%, 6/1/2028 (g)

      85        79  

Archrock Partners LP 6.88%, 4/1/2027 (g)

      7        7  

Arconic Corp. 6.00%, 5/15/2025 (g)

      110        113  

Ardagh Packaging Finance plc 4.13%, 8/15/2026 (g)

      200        193  

AT&T, Inc.

      

2.25%, 2/1/2032

      6        6  

3.50%, 6/1/2041

      10        9  

Audacy Capital Corp. 6.50%, 5/1/2027 (b) (g)

      41        39  

Avantor Funding, Inc. 4.63%, 7/15/2028 (g)

      85        84  

Avis Budget Car Rental LLC 5.75%, 7/15/2027 (g)

      24        24  

B&G Foods, Inc. 5.25%, 4/1/2025

      146        143  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Bank of America Corp.

      

Series U, (ICE LIBOR USD 3 Month + 3.14%), 5.20%, 6/1/2023 (e) (f) (h)

      56        56  

Series JJ, (ICE LIBOR USD 3 Month + 3.29%), 5.12%, 6/20/2024 (e) (f) (h)

      14        14  

Series X, (ICE LIBOR USD 3 Month + 3.71%), 6.25%, 9/5/2024 (e) (f) (h)

      177        183  

Series Z, (ICE LIBOR USD 3 Month + 4.17%), 6.50%, 10/23/2024 (e) (f) (h)

      53        55  

Series AA, (ICE LIBOR USD 3 Month + 3.90%), 6.10%, 3/17/2025 (e) (f) (h)

      39        41  

Series AA, (ICE LIBOR USD 3 Month + 3.90%), 6.10%, 3/17/2025 (e) (f) (h)

      33        35  

Series DD, (ICE LIBOR USD 3 Month + 4.55%), 6.30%, 3/10/2026 (e) (f) (h)

      197        210  

Series RR, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.76%), 4.38%, 1/27/2027 (e) (f) (h)

      10        9  

(SOFR + 0.96%), 1.73%, 7/22/2027 (f)

      40        37  

Series FF, (ICE LIBOR USD 3 Month + 2.93%), 5.87%, 3/15/2028 (e) (f) (h)

      82        83  

(SOFR + 1.21%), 2.57%, 10/20/2032 (f)

      10        9  

Bank of New York Mellon Corp. (The)

      

Series D, (ICE LIBOR USD 3 Month + 2.46%), 4.50%, 6/20/2023 (e) (f) (h)

      24        23  

Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.36%), 4.70%, 9/20/2025 (e) (f) (h)

      13        13  

Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.35%), 3.70%, 3/20/2026 (e) (f) (h)

      20        19  

Series F, (ICE LIBOR USD 3 Month + 3.13%), 4.62%, 9/20/2026 (e) (f) (h)

      95        94  

Bath & Body Works, Inc. 7.50%, 6/15/2029

      100        108  

Bausch Health Americas, Inc.

      

9.25%, 4/1/2026 (g)

      26        27  

8.50%, 1/31/2027 (b) (g)

      205        204  

Bausch Health Cos., Inc.

      

6.13%, 4/15/2025 (g)

      75        76  

5.50%, 11/1/2025 (g)

      121        120  

9.00%, 12/15/2025 (g)

      68        70  

5.75%, 8/15/2027 (g)

      12        12  

7.00%, 1/15/2028 (g)

      20        18  

5.00%, 1/30/2028 (g)

      340        280  

7.25%, 5/30/2029 (g)

      22        19  

Becton Dickinson and Co. 2.82%, 5/20/2030

      10        10  

Berry Global, Inc.

      

4.88%, 7/15/2026 (g)

      84        85  

5.63%, 7/15/2027 (g)

      20        20  

Biogen, Inc. 2.25%, 5/1/2030 (b)

      6        5  

Block, Inc. 3.50%, 6/1/2031 (g)

      150        137  

Boston Properties LP REIT, 2.45%, 10/1/2033 5

         4  

Boyd Gaming Corp. 4.75%, 12/1/2027

      70        70  

BP Capital Markets America, Inc. 3.63%, 4/6/2030

      3        3  

Brink’s Co. (The) 4.63%, 10/15/2027 (g)

      75        73  

Bristol-Myers Squibb Co. 4.13%, 6/15/2039

      9        10  

Broadcom, Inc. 4.30%, 11/15/2032

      6        6  

Buckeye Partners LP 3.95%, 12/1/2026

      60        59  

Builders FirstSource, Inc. 4.25%, 2/1/2032 (g)

      70        65  

BWX Technologies, Inc. 4.13%, 4/15/2029 (g)

      120        116  

Caesars Resort Collection LLC 5.75%, 7/1/2025 (g)

      105        107  

Callon Petroleum Co.

      

6.13%, 10/1/2024

      8        8  

6.38%, 7/1/2026

      6        6  

Calpine Corp.

      

5.25%, 6/1/2026 (g)

      29        29  

4.50%, 2/15/2028 (g)

      75        73  

Capital One Financial Corp. Series M, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 3.95%, 9/1/2026 (e) (f) (h) 64

         60  

Carnival Corp. 9.88%, 8/1/2027 (g)

      115        127  

Catalent Pharma Solutions, Inc. 5.00%, 7/15/2027 (g)

      29        29  

CCO Holdings LLC

      

5.50%, 5/1/2026 (g)

      66        67  

5.13%, 5/1/2027 (g)

      158        158  

5.00%, 2/1/2028 (g)

      23        23  

5.38%, 6/1/2029 (g)

      270        270  

4.75%, 3/1/2030 (g)

      404        388  

CDK Global, Inc. 5.25%, 5/15/2029 (g)

      99        100  

CDW LLC 4.25%, 4/1/2028

      40        39  

Cedar Fair LP

      

5.38%, 4/15/2027

      3        3  

5.25%, 7/15/2029 (b)

      101        99  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Centene Corp. 3.38%, 2/15/2030

      330        311  

CenterPoint Energy, Inc. Series A, (ICE LIBOR USD 3 Month + 3.27%), 6.13%, 9/1/2023 (e) (f) (h)

      46        45  

Central Garden & Pet Co. 5.13%, 2/1/2028

      140        139  

Charles Schwab Corp. (The)

      

Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.97%), 5.38%, 6/1/2025 (e) (f) (h)

      110        113  

Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.17%), 4.00%, 6/1/2026 (e) (f) (h)

      26        25  

Series F, (ICE LIBOR USD 3 Month + 2.58%), 5.00%, 12/1/2027 (e) (f) (h)

      19        18  

Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 3.08%), 4.00%, 12/1/2030 (e) (f) (h)

      209        188  

Chemours Co. (The) 5.38%, 5/15/2027 (b)

      95        95  

Cheniere Energy Partners LP

      

4.50%, 10/1/2029

      120        120  

3.25%, 1/31/2032 (g)

      35        32  

Chesapeake Energy Corp. 6.75%, 4/15/2029 (g)

      55        58  

Cigna Corp. 4.38%, 10/15/2028

      15        16  

Citigroup, Inc.

      

(ICE LIBOR USD 3 Month + 4.07%), 5.95%, 1/30/2023 (e) (f) (h)

      94        95  

(ICE LIBOR USD 3 Month + 4.23%), 5.90%, 2/15/2023 (e) (f) (h)

      30        31  

Series M, (ICE LIBOR USD 3 Month + 3.42%), 6.30%, 5/15/2024 (e) (f) (h)

      158        159  

Series U, (SOFR + 3.81%), 5.00%, 9/12/2024 (e) (f) (h)

      111        110  

Series V, (SOFR + 3.23%), 4.70%, 1/30/2025 (e) (f) (h)

      64        61  

Series P, (ICE LIBOR USD 3 Month + 3.91%), 5.95%, 5/15/2025 (e) (f) (h)

      93        95  

Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.60%), 4.00%, 12/10/2025 (e) (f) (h)

      139        133  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.42%), 3.88%, 2/18/2026 (e) (f) (h)

      70        66  

Series T, (ICE LIBOR USD 3 Month + 4.52%), 6.25%, 8/15/2026 (e) (f) (h)

      98        102  

(SOFR + 0.77%), 1.46%, 6/9/2027 (b) (f)

      35        32  

Citizens Financial Group, Inc.

      

Series B, (ICE LIBOR USD 3 Month + 3.00%), 6.00%, 7/6/2023 (e) (f) (h)

      23        22  

Series C, (ICE LIBOR USD 3 Month + 3.16%), 6.37%, 4/6/2024 (e) (f) (h)

      35        34  

Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.22%), 4.00%, 10/6/2026 (e) (f) (h)

      55        51  

Clarivate Science Holdings Corp. 3.88%, 7/1/2028 (g)

      70        67  

Clear Channel Outdoor Holdings, Inc. 5.13%, 8/15/2027 (g)

      35        35  

Cleveland-Cliffs, Inc. 5.88%, 6/1/2027 (b)

      110        113  

CMS Energy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.12%), 4.75%, 6/1/2050 (f)

      36        36  

CNX Resources Corp. 7.25%, 3/14/2027 (g)

      55        58  

Colfax Corp. 6.38%, 2/15/2026 (g)

      5        5  

Comcast Corp. 4.15%, 10/15/2028

      5        5  

Commercial Metals Co. 4.88%, 5/15/2023

      19        19  

CommScope Technologies LLC

      

6.00%, 6/15/2025 (g)

      97        92  

5.00%, 3/15/2027 (b) (g)

      15        13  

CommScope, Inc.

      

6.00%, 3/1/2026 (g)

      35        35  

8.25%, 3/1/2027 (g)

      75        73  

4.75%, 9/1/2029 (g)

      75        69  

Community Health Systems, Inc. 8.00%, 3/15/2026 (g)

      176        183  

Constellation Brands, Inc. 2.25%, 8/1/2031

      10        9  

Constellation Merger Sub, Inc. 8.50%, 9/15/2025 (g)

      32        30  

Cox Communications, Inc. 4.80%, 2/1/2035 (g)

      6        6  

Crestwood Midstream Partners LP

      

5.75%, 4/1/2025

      29        29  

5.63%, 5/1/2027 (g)

      10        10  

8.00%, 4/1/2029 (g)

      25        27  

Crown Americas LLC 4.75%, 2/1/2026

      26        26  

Crown Castle International Corp. REIT, 2.10%, 4/1/2031

      16        14  

CSC Holdings LLC

      

5.88%, 9/15/2022

      15        15  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

5.25%, 6/1/2024

      157        157  

5.75%, 1/15/2030 (g)

      200        178  

CSX Corp. 2.40%, 2/15/2030

      3        3  

CVS Health Corp.

      

4.30%, 3/25/2028

      4        4  

2.13%, 9/15/2031 (b)

      6        5  

4.13%, 4/1/2040

      6        6  

2.70%, 8/21/2040

      3        3  

Dana, Inc. 5.38%, 11/15/2027

      115        114  

Darling Ingredients, Inc. 5.25%, 4/15/2027 (g)

      12        12  

DaVita, Inc. 4.63%, 6/1/2030 (g)

      140        131  

DCP Midstream Operating LP

      

3.88%, 3/15/2023

      38        38  

5.38%, 7/15/2025

      14        14  

6.75%, 9/15/2037 (g)

      20        24  

Dell International LLC

      

6.02%, 6/15/2026

      10        11  

4.90%, 10/1/2026

      5        5  

Diamond Sports Group LLC 5.38%, 8/15/2026 (b) (g)

      53        21  

Directv Financing LLC 5.88%, 8/15/2027 (g)

      100        98  

Discovery Communications LLC 3.63%, 5/15/2030

      5        5  

DISH DBS Corp.

      

5.88%, 7/15/2022

      24        24  

5.00%, 3/15/2023

      223        224  

5.88%, 11/15/2024

      25        25  

7.75%, 7/1/2026

      125        124  

Dominion Energy, Inc.

      

Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.99%), 4.65%, 12/15/2024 (e) (f) (h)

      24        24  

Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.20%), 4.35%, 1/15/2027 (e) (f) (h)

      45        43  

Series C, 2.25%, 8/15/2031

      3        3  

DT Midstream, Inc. 4.13%, 6/15/2029 (g)

      150        144  

Duke Energy Corp.

      

3.75%, 9/1/2046

      3        3  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.32%), 3.25%, 1/15/2082 (f)

      50        44  

Edison International

      

Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.90%), 5.00%, 12/15/2026 (e) (f) (h)

      40        38  

Element Solutions, Inc. 3.88%, 9/1/2028 (g)

      130        121  

Embarq Corp. 8.00%, 6/1/2036

      124        119  

Emergent BioSolutions, Inc. 3.88%, 8/15/2028 (b) (g)

      95        85  

Encompass Health Corp. 4.50%, 2/1/2028

      185        181  

Energizer Holdings, Inc. 4.75%, 6/15/2028 (g)

      140        127  

Energy Transfer LP

      

4.20%, 4/15/2027

      5        5  

Series B, (ICE LIBOR USD 3 Month + 4.16%), 6.63%, 2/15/2028 (e) (f) (h)

      65        58  

Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 7.13%, 5/15/2030 (e) (f) (h)

      30        30  

EnLink Midstream Partners LP

      

Series C, (ICE LIBOR USD 3 Month + 4.11%), 6.00%, 12/15/2022 (e) (f) (h)

      30        22  

4.40%, 4/1/2024

      19        19  

4.15%, 6/1/2025

      23        23  

4.85%, 7/15/2026

      58        58  

5.60%, 4/1/2044

      5        5  

Entegris, Inc. 3.63%, 5/1/2029 (g)

      125        117  

Enterprise Products Operating LLC Series E, (ICE LIBOR USD 3 Month + 3.03%), 5.25%, 8/16/2077 (f)

      25        24  

Envision Healthcare Corp. 8.75%, 10/15/2026 (g)

      20        10  

EOG Resources, Inc. 5.10%, 1/15/2036

      3        3  

EQT Corp. 6.63%, 2/1/2025 (j)

      105        111  

Equitable Holdings, Inc. Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.74%), 4.95%, 9/15/2025 (e) (f) (h)

      5        5  

ESC Co., Intelsat Jackson Holdings SA 9.75%, 7/15/2025 ‡ (k)

      35        —   (a) 

Evergy, Inc. 2.90%, 9/15/2029

      5        5  

Exela Intermediate LLC 11.50%, 7/15/2026 (g)

      69        33  

Exxon Mobil Corp. 4.23%, 3/19/2040

      13        14  

First-Citizens Bank & Trust Co. 6.13%, 3/9/2028

      21        23  

Fiserv, Inc. 3.50%, 7/1/2029

      10        10  

Ford Motor Credit Co. LLC

      

4.39%, 1/8/2026

      200        199  

4.54%, 8/1/2026

      200        200  

5.11%, 5/3/2029

      275        277  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Freeport-McMoRan, Inc.

      

5.00%, 9/1/2027

      140        144  

5.45%, 3/15/2043

      80        89  

Frontier Communications Holdings LLC 5.88%, 11/1/2029

      5        4  

Gap, Inc. (The) 3.63%, 10/1/2029 (g)

      50        45  

Gartner, Inc. 4.50%, 7/1/2028 (g)

      95        95  

General Electric Co. Series D, (ICE LIBOR USD 3 Month + 3.33%), 4.16%, 6/15/2022 (e) (f) (h)

      304        291  

Genesis Energy LP

      

6.50%, 10/1/2025

      5        5  

6.25%, 5/15/2026

      15        14  

Gilead Sciences, Inc. 1.65%, 10/1/2030

      16        14  

Global Payments, Inc.

      

3.20%, 8/15/2029

      10        9  

2.90%, 11/15/2031

      5        5  

Go Daddy Operating Co. LLC 5.25%, 12/1/2027 (g)

      50        50  

Goldman Sachs Capital II (ICE LIBOR USD 3 Month + 0.77%), 4.00%, 5/9/2022 (e) (f) (h)

      22        18  

Goldman Sachs Group, Inc. (The)

      

Series S, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 4.40%, 2/10/2025 (e) (f) (h)

      5        5  

Series R, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.22%), 4.95%, 2/10/2025 (e) (f) (h)

      7        7  

Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.97%), 3.80%, 5/10/2026 (e) (f) (h)

      69        64  

Series U, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.92%), 3.65%, 8/10/2026 (e) (f) (h)

      42        38  

Series V, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.95%), 4.12%, 11/10/2026 (e) (f) (h)

      25        23  

Series O, (ICE LIBOR USD 3 Month + 3.83%), 5.30%, 11/10/2026 (e) (f) (h)

      21        21  

(SOFR + 0.82%), 1.54%, 9/10/2027 (f)

      10        9  

(SOFR + 0.91%), 1.95%, 10/21/2027 (f)

      5        5  

(SOFR + 1.26%), 2.65%, 10/21/2032 (f)

      5        5  

Goodyear Tire & Rubber Co. (The)

      

5.00%, 5/31/2026 (b)

      47        47  

5.00%, 7/15/2029 (b) (g)

      10        9  

Gray Television, Inc.

      

5.88%, 7/15/2026 (g)

      20        20  

7.00%, 5/15/2027 (g)

      45        47  

Griffon Corp. 5.75%, 3/1/2028

      95        91  

Hanesbrands, Inc. 4.88%, 5/15/2026 (g)

      60        60  

Harsco Corp. 5.75%, 7/31/2027 (g)

      9        9  

HCA, Inc.

      

5.38%, 2/1/2025

      146        152  

5.88%, 2/15/2026

      285        303  

5.63%, 9/1/2028

      274        296  

2.38%, 7/15/2031

      10        9  

Herc Holdings, Inc. 5.50%, 7/15/2027 (g)

      28        28  

Hertz Corp. (The) 4.63%, 12/1/2026 (g)

      100        93  

Hilton Domestic Operating Co., Inc. 4.88%, 1/15/2030

      24        24  

Hilton Worldwide Finance LLC 4.88%, 4/1/2027

      32        32  

Hologic, Inc.

      

4.63%, 2/1/2028 (g)

      25        25  

3.25%, 2/15/2029 (g)

      75        70  

Howmet Aerospace, Inc.

      

5.13%, 10/1/2024

      107        111  

5.90%, 2/1/2027

      8        9  

5.95%, 2/1/2037

      34        36  

Hughes Satellite Systems Corp. 6.63%, 8/1/2026

      145        150  

Huntington Bancshares, Inc. Series E, (ICE LIBOR USD 3 Month + 2.88%), 5.70%, 4/15/2023 (e) (f) (h)

      23        22  

Hyundai Capital America

      

1.65%, 9/17/2026 (g)

      5        5  

2.10%, 9/15/2028 (g)

      5        4  

Icahn Enterprises LP

      

4.75%, 9/15/2024

      70        71  

6.38%, 12/15/2025

      22        22  

iHeartCommunications, Inc.

      

6.38%, 5/1/2026

      57        58  

8.38%, 5/1/2027

      98        101  

5.25%, 8/15/2027 (g)

      18        18  

ILFC E-Capital Trust I (USD Constant Maturity 30 Year + 1.55), 4.05%, 12/21/2065 (f) (g)

      100        79  

Imola Merger Corp. 4.75%, 5/15/2029 (g)

      110        106  

Intel Corp. 2.00%, 8/12/2031 (b)

      3        3  

International Game Technology plc 6.50%, 2/15/2025 (g)

      200        210  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

IQVIA, Inc. 5.00%, 5/15/2027 (g)

      200        202  

IRB Holding Corp. 6.75%, 2/15/2026 (g)

      56        57  

Iron Mountain, Inc.

      

REIT, 4.88%, 9/15/2027 (g)

      84        83  

REIT, 5.25%, 3/15/2028 (g)

      48        47  

ITC Holdings Corp. 2.95%, 5/14/2030 (g)

      5        5  

JB Poindexter & Co., Inc. 7.13%, 4/15/2026 (g)

      31        32  

JBS USA LUX SA 5.50%, 1/15/2030 (g)

      42        43  

Kaiser Aluminum Corp. 4.63%, 3/1/2028 (g)

      80        75  

Kansas City Southern 3.50%, 5/1/2050

      5        5  

Kennedy-Wilson, Inc. 4.75%, 3/1/2029

      100        96  

Keurig Dr Pepper, Inc. 3.20%, 5/1/2030

      11        11  

Kraft Heinz Foods Co. 3.75%, 4/1/2030

      5        5  

Kroger Co. (The) 1.70%, 1/15/2031 (b)

      6        5  

L3Harris Technologies, Inc. 1.80%, 1/15/2031

      5        4  

LABL, Inc. 6.75%, 7/15/2026 (g)

      100        99  

Ladder Capital Finance Holdings LLLP REIT, 5.25%, 10/1/2025 (g)

      48        48  

Lamar Media Corp. 4.88%, 1/15/2029

      85        84  

Lamb Weston Holdings, Inc. 4.13%, 1/31/2030 (g)

      100        93  

Lear Corp. 2.60%, 1/15/2032

      5        4  

Lennar Corp.

      

4.50%, 4/30/2024

      15        15  

5.88%, 11/15/2024

      45        48  

4.75%, 5/30/2025

      5        5  

5.25%, 6/1/2026

      14        15  

5.00%, 6/15/2027

      20        21  

Level 3 Financing, Inc.

      

5.38%, 5/1/2025

      91        92  

5.25%, 3/15/2026

      54        54  

Liberty Interactive LLC 8.25%, 2/1/2030

      35        32  

Live Nation Entertainment, Inc.

      

5.63%, 3/15/2026 (g)

      33        33  

6.50%, 5/15/2027 (g)

      165        176  

Lowe’s Cos., Inc. 3.70%, 4/15/2046

      6        6  

Lumen Technologies, Inc.

      

Series W, 6.75%, 12/1/2023

      28        29  

Series Y, 7.50%, 4/1/2024

      2        2  

5.63%, 4/1/2025

      57        57  

Series G, 6.88%, 1/15/2028

      160        160  

Madison IAQ LLC 4.13%, 6/30/2028 (g)

      115        106  

Magallanes, Inc. 4.28%, 3/15/2032 (g)

      5        5  

MasTec, Inc. 4.50%, 8/15/2028 (g)

      95        94  

Matador Resources Co. 5.88%, 9/15/2026

      55        56  

Mattel, Inc. 3.15%, 3/15/2023

      37        37  

Mauser Packaging Solutions Holding Co. 5.50%, 4/15/2024 (g)

      227        226  

McDonald’s Corp. 3.70%, 2/15/2042

      6        6  

MDC Holdings, Inc. 2.50%, 1/15/2031

      5        4  

Mellon Capital IV Series 1, (ICE LIBOR USD 3 Month + 0.57%), 4.00%, 5/9/2022 (e) (f) (h)

      18        16  

MetLife Capital Trust IV 7.88%, 12/15/2037 (g)

      100        119  

MetLife, Inc.

      

Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.58%), 3.85%, 9/15/2025 (e) (f) (h)

      86        85  

Series D, (ICE LIBOR USD 3 Month + 2.96%), 5.87%, 3/15/2028 (e) (f) (h)

      44        44  

6.40%, 12/15/2036

      98        105  

6.40%, 12/15/2036

      10        11  

MGM Growth Properties Operating Partnership LP

      

REIT, 5.75%, 2/1/2027

      23        24  

MGM Resorts International 4.63%, 9/1/2026

      200        197  

Midcontinent Communications 5.38%, 8/15/2027 (g)

      17        17  

Mississippi Power Co. Series 12-A, 4.25%, 3/15/2042

      10        10  

Mondelez International, Inc. 1.50%, 2/4/2031 (b)

      6        5  

Morgan Stanley

 

   

Series N, (ICE LIBOR USD 3 Month + 3.16%), 5.30%, 12/15/2025 (e) (f) (h)

      8        8  

Series M, (ICE LIBOR USD 3 Month + 4.44%), 5.87%, 9/15/2026 (e) (f) (h)

      18        19  

(SOFR + 0.86%), 1.51%, 7/20/2027 (f)

      20        18  

Mozart Debt Merger Sub, Inc. 3.88%, 4/1/2029 (g)

      100        93  

MPLX LP 4.50%, 4/15/2038

      3        3  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

National Rural Utilities Cooperative Finance Corp. (ICE LIBOR USD 3 Month + 3.63%), 5.25%, 4/20/2046 (f)

      20        20  

Nationstar Mortgage Holdings, Inc. 6.00%, 1/15/2027 (g)

      95        97  

NCR Corp.

      

5.75%, 9/1/2027 (g)

      25        25  

6.13%, 9/1/2029 (g)

      105        105  

Netflix, Inc.

      

5.88%, 2/15/2025

      100        107  

4.88%, 4/15/2028

      20        21  

5.88%, 11/15/2028

      60        66  

New Albertsons LP

      

7.75%, 6/15/2026

      5        5  

6.63%, 6/1/2028

      15        16  

7.45%, 8/1/2029

      21        22  

8.00%, 5/1/2031

      80        90  

Newell Brands, Inc. 4.70%, 4/1/2026 (j)

      150        151  

Nexstar Media, Inc.

      

5.63%, 7/15/2027 (g)

      43        44  

4.75%, 11/1/2028 (g)

      55        53  

NextEra Energy Capital Holdings, Inc.

 

   

(ICE LIBOR USD 3 Month + 2.07%), 2.28%, 10/1/2066 (f)

      47        39  

(ICE LIBOR USD 3 Month + 2.13%), 2.95%, 6/15/2067 (f)

      64        55  

(ICE LIBOR USD 3 Month + 3.16%), 5.65%, 5/1/2079 (f)

      28        29  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.55%), 3.80%, 3/15/2082 (f)

      34        31  

NextEra Energy Operating Partners LP

      

4.25%, 7/15/2024 (g)

      23        23  

4.25%, 9/15/2024 (g)

      4        4  

4.50%, 9/15/2027 (g)

      8        8  

Nielsen Co. Luxembourg SARL (The) 5.00%, 2/1/2025 (g)

      10        10  

NiSource, Inc.

 

   

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.84%), 5.65%, 6/15/2023 (e) (f) (h)

      62        61  

1.70%, 2/15/2031

      10        8  

Nissan Motor Acceptance Co. LLC

      

1.85%, 9/16/2026 (g)

      5        4  

2.45%, 9/15/2028 (g)

      10        9  

Norfolk Southern Corp. 2.30%, 5/15/2031

      3        3  

Northrop Grumman Corp. 5.15%, 5/1/2040

      13        15  

NRG Energy, Inc.

      

6.63%, 1/15/2027

      3        3  

5.75%, 1/15/2028

      12        12  

5.25%, 6/15/2029 (g)

      136        133  

Nuance Communications, Inc. 5.63%, 12/15/2026

      59        61  

NuStar Logistics LP

      

6.00%, 6/1/2026

      12        12  

5.63%, 4/28/2027

      30        30  

Occidental Petroleum Corp.

      

8.88%, 7/15/2030

      115        147  

6.63%, 9/1/2030

      180        207  

Oceaneering International, Inc. 6.00%, 2/1/2028

      14        14  

ON Semiconductor Corp. 3.88%, 9/1/2028 (g)

      85        81  

OneMain Finance Corp.

      

5.63%, 3/15/2023

      27        27  

6.13%, 3/15/2024

      20        20  

6.88%, 3/15/2025

      45        47  

7.13%, 3/15/2026

      52        56  

6.63%, 1/15/2028

      33        35  

Oracle Corp.

      

3.90%, 5/15/2035

      7        6  

3.85%, 7/15/2036

      2        2  

Outfront Media Capital LLC 5.00%, 8/15/2027 (g)

      15        15  

Pactiv Evergreen Group Issuer, Inc. 4.00%, 10/15/2027 (g)

      200        186  

Par Pharmaceutical, Inc. 7.50%, 4/1/2027 (g)

      12        11  

Paramount Global 4.20%, 5/19/2032

      6        6  

(ICE LIBOR USD 3 Month + 3.90%), 6.25%, 2/28/2057 (f)

      103        104  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.00%), 6.37%, 3/30/2062 (f)

      70        71  

PBF Logistics LP 6.88%, 5/15/2023

      7        7  

Performance Food Group, Inc. 5.50%, 10/15/2027 (g)

      20        20  

PG&E Corp. 5.00%, 7/1/2028 (b)

      110        106  

Philip Morris International, Inc. 3.38%, 8/15/2029

      10        10  

Pilgrim’s Pride Corp. 5.88%, 9/30/2027 (g)

      39        39  

Plains All American Pipeline LP Series B, (ICE LIBOR USD 3 Month + 4.11%), 6.13%, 11/15/2022 (e) (f) (h)

      38        32  

PNC Financial Services Group, Inc. (The)

 

   

Series O, (ICE LIBOR USD 3 Month + 3.68%), 3.99%, 8/1/2022 (e) (f) (h)

      68        68  

Series R, (ICE LIBOR USD 3 Month + 3.04%), 4.85%, 6/1/2023 (e) (f) (h)

      64        64  

Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.60%), 3.40%, 9/15/2026 (e) (f) (h)

      110        99  

Series S, (ICE LIBOR USD 3 Month + 3.30%), 5.00%, 11/1/2026 (e) (f) (h)

      29        29  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Post Holdings, Inc.

      

5.75%, 3/1/2027 (g)

      8        8  

5.50%, 12/15/2029 (g)

      140        135  

PPL Capital Funding, Inc. Series A, (ICE LIBOR USD 3 Month + 2.67%), 3.66%, 3/30/2067 (f)

      97        85  

Prime Security Services Borrower LLC

      

5.75%, 4/15/2026 (g)

      80        82  

3.38%, 8/31/2027 (g)

      25        23  

Progressive Corp. (The) Series B, (ICE LIBOR USD 3 Month + 2.54%), 5.38%, 3/15/2023 (e) (f) (h)

      53        52  

Prudential Financial, Inc. (ICE LIBOR USD 3 Month + 3.92%), 5.63%, 6/15/2043 (f)

      171        172  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 5.12%, 3/1/2052 (f)

      30        30  

Public Service Co. of Oklahoma Series J, 2.20%, 8/15/2031

      10        9  

Radian Group, Inc.

      

4.50%, 10/1/2024

      40        40  

4.88%, 3/15/2027

      12        12  

Range Resources Corp. 4.88%, 5/15/2025

      85        86  

Raytheon Technologies Corp. 4.15%, 5/15/2045

      10        10  

Regeneron Pharmaceuticals, Inc. 1.75%, 9/15/2030

      13        11  

RHP Hotel Properties LP REIT, 4.75%, 10/15/2027

      98        94  

Rite Aid Corp. 8.00%, 11/15/2026 (g)

      140        129  

Royal Caribbean Cruises Ltd. 11.50%, 6/1/2025 (g)

      67        74  

Royalty Pharma plc 2.15%, 9/2/2031

      4        3  

S&P Global, Inc. 2.90%, 3/1/2032 (g)

      5        5  

Sabre GLBL, Inc. 9.25%, 4/15/2025 (g)

      110        122  

Scientific Games International, Inc. 5.00%, 10/15/2025 (g)

      156        160  

Scotts Miracle-Gro Co. (The) 5.25%, 12/15/2026

      125        127  

Seagate HDD Cayman 4.88%, 6/1/2027

      95        97  

Sealed Air Corp. 5.13%, 12/1/2024 (g)

      20        21  

Sempra Energy

      

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.55%), 4.88%, 10/15/2025 (e) (f) (h)

      105        106  

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.87%), 4.12%, 4/1/2052 (f)

      71        66  

Sensata Technologies BV

      

4.88%, 10/15/2023 (g)

      15        16  

5.63%, 11/1/2024 (g)

      125        129  

5.00%, 10/1/2025 (g)

      30        30  

Service Corp. International

      

4.63%, 12/15/2027

      12        12  

5.13%, 6/1/2029

      5        5  

Shire Acquisitions Investments Ireland DAC 3.20%, 9/23/2026

      15        15  

Sinclair Television Group, Inc. 5.88%, 3/15/2026 (g)

      50        49  

Sirius XM Radio, Inc.

      

5.00%, 8/1/2027 (g)

      53        53  

5.50%, 7/1/2029 (g)

      161        163  

Six Flags Entertainment Corp.

      

4.88%, 7/31/2024 (g)

      12        12  

5.50%, 4/15/2027 (g)

      102        102  

SM Energy Co.

      

6.75%, 9/15/2026

      12        12  

6.63%, 1/15/2027

      16        17  

Southern California Edison Co. Series E, (ICE LIBOR USD 3 Month + 4.20%), 4.52%, 5/9/2022 (e) (f) (h)

      12        12  

Southwestern Energy Co. 7.75%, 10/1/2027

      135        143  

Spectrum Brands, Inc.

      

5.75%, 7/15/2025

      8        8  

5.00%, 10/1/2029 (g)

      31        29  

Sprint Capital Corp. 8.75%, 3/15/2032

      197        265  

Sprint Corp.

      

7.88%, 9/15/2023

      227        241  

7.13%, 6/15/2024

      71        76  

7.63%, 2/15/2025

      194        212  

7.63%, 3/1/2026

      39        44  

SS&C Technologies, Inc. 5.50%, 9/30/2027 (g)

      93        94  

Stagwell Global LLC 5.63%, 8/15/2029 (g)

      70        66  

Standard Industries, Inc.

      

5.00%, 2/15/2027 (g)

      18        18  

4.75%, 1/15/2028 (g)

      77        74  

Stanley Black & Decker, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.66%), 4.00%, 3/15/2060 (f)

      10        10  

Staples, Inc.

      

7.50%, 4/15/2026 (g)

      95        92  

10.75%, 4/15/2027 (g)

      85        76  

Starbucks Corp. 2.55%, 11/15/2030

      13        12  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

State Street Corp.

      

Series F, (ICE LIBOR USD 3 Month + 3.60%), 4.42%, 6/15/2022 (e) (f) (h)

      25        25  

Series H, (ICE LIBOR USD 3 Month + 2.54%), 5.63%, 12/15/2023 (e) (f) (h)

      31        31  

(SOFR + 0.73%), 2.20%, 2/7/2028 (f)

      10        9  

Station Casinos LLC 4.50%, 2/15/2028 (g)

      70        66  

Steel Dynamics, Inc. 5.00%, 12/15/2026

      15        15  

Stericycle, Inc. 3.88%, 1/15/2029 (g)

      150        140  

Summit Materials LLC 6.50%, 3/15/2027 (g)

      45        46  

Sunoco LP

      

6.00%, 4/15/2027

      71        72  

5.88%, 3/15/2028

      3        3  

SVB Financial Group

      

Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.20%), 4.00%, 5/15/2026 (e) (f) (h)

      100        93  

Series D, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.07%), 4.25%, 11/15/2026 (e) (f) (h)

      35        32  

Sysco Corp.

      

3.25%, 7/15/2027

      15        15  

2.40%, 2/15/2030

      6        6  

Tallgrass Energy Partners LP 5.50%, 1/15/2028 (g)

      5        5  

Targa Resources Partners LP

      

5.88%, 4/15/2026

      82        85  

6.50%, 7/15/2027

      191        201  

Tempur Sealy International, Inc. 4.00%, 4/15/2029 (g)

      150        136  

Tenet Healthcare Corp.

      

4.63%, 7/15/2024

      29        29  

4.63%, 9/1/2024 (g)

      11        11  

4.88%, 1/1/2026 (g)

      163        164  

6.25%, 2/1/2027 (g)

      30        31  

5.13%, 11/1/2027 (g)

      189        190  

TerraForm Power Operating LLC

      

4.25%, 1/31/2023 (g)

      15        15  

5.00%, 1/31/2028 (g)

      29        29  

Thermo Fisher Scientific, Inc. 2.00%, 10/15/2031

      10        9  

T-Mobile USA, Inc.

      

4.75%, 2/1/2028

      93        94  

2.25%, 11/15/2031

      10        9  

4.38%, 4/15/2040

      6        6  

3.00%, 2/15/2041

      6        5  

TransDigm, Inc. 6.25%, 3/15/2026 (g)

      184        189  

Transocean Pontus Ltd. 6.13%, 8/1/2025 (g)

      29        29  

Transocean Poseidon Ltd. 6.88%, 2/1/2027 (b) (g)

      47        46  

Transocean Proteus Ltd. 6.25%, 12/1/2024 (g)

      17        17  

Travel + Leisure Co.

      

5.65%, 4/1/2024 (j)

      17        17  

6.60%, 10/1/2025 (j)

      16        17  

6.00%, 4/1/2027 (j)

      25        26  

Trinseo Materials Operating SCA 5.38%, 9/1/2025 (g)

      52        51  

Truist Financial Corp.

      

Series P, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.61%), 4.95%, 9/1/2025 (e) (f) (h)

      13        13  

Series M, (ICE LIBOR USD 3 Month + 2.79%), 5.12%, 12/15/2027 (e) (f) (h)

      6        6  

Series Q, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 4.35%), 5.10%, 3/1/2030 (e) (f) (h)

      138        140  

Uber Technologies, Inc. 7.50%, 5/15/2025 (g)

      65        68  

UDR, Inc. REIT, 3.20%, 1/15/2030

      5        5  

Union Pacific Corp. 3.70%, 3/1/2029

      10        10  

United Airlines Holdings, Inc.

      

5.00%, 2/1/2024

      33        33  

4.88%, 1/15/2025 (b)

      28        28  

United Airlines, Inc. 4.38%, 4/15/2026 (g)

      70        69  

United Rentals North America, Inc.

      

5.50%, 5/15/2027

      10        10  

4.88%, 1/15/2028

      240        244  

Universal Health Services, Inc. 2.65%, 1/15/2032 (g)

      10        9  

Univision Communications, Inc. 4.50%, 5/1/2029 (g)

      70        67  

US Bancorp

      

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.54%), 3.70%, 1/15/2027 (e) (f) (h)

      60        54  

Series J, (ICE LIBOR USD 3 Month + 2.91%), 5.30%, 4/15/2027 (e) (f) (h)

      8        8  

Ventas Realty LP REIT, 4.00%, 3/1/2028

      5        5  

Verizon Communications, Inc.

      

4.40%, 11/1/2034

      8        9  

4.27%, 1/15/2036

      6        6  

3.85%, 11/1/2042

      3        3  

VICI Properties LP REIT, 4.25%, 12/1/2026 (g)

      75        75  

Vistra Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.74%), 7.00%, 12/15/2026 (e) (f) (g) (h)

      14        14  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Vistra Operations Co. LLC

      

5.50%, 9/1/2026 (g)

      20        20  

5.63%, 2/15/2027 (g)

      130        130  

Weekley Homes LLC 4.88%, 9/15/2028 (g)

      100        92  

Wells Fargo & Co.

      

Series S, (ICE LIBOR USD 3 Month + 3.11%), 5.90%, 6/15/2024 (e) (f) (h)

      53        53  

Series U, (ICE LIBOR USD 3 Month + 3.99%), 5.87%, 6/15/2025 (e) (f) (h)

      18        19  

Series BB, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%), 3.90%, 3/15/2026 (e) (f) (h)

      315        302  

WESCO Distribution, Inc.

      

7.13%, 6/15/2025 (g)

      40        41  

7.25%, 6/15/2028 (g)

      125        133  

Western Midstream Operating LP 4.75%, 8/15/2028

      135        139  

William Carter Co. (The) 5.63%, 3/15/2027 (g)

      73        74  

WP Carey, Inc. REIT, 2.40%, 2/1/2031

      5        5  

Wynn Las Vegas LLC 5.50%, 3/1/2025 (g)

      35        35  

Wynn Resorts Finance LLC 5.13%, 10/1/2029 (g)

      224        211  

Xerox Corp. 4.62%, 3/15/2023 (j)

      45        45  

XPO Logistics, Inc. 6.25%, 5/1/2025 (g)

      65        67  

Yum! Brands, Inc. 4.75%, 1/15/2030 (g)

      24        24  

Zayo Group Holdings, Inc. 4.00%, 3/1/2027 (g)

      140        129  

Zimmer Biomet Holdings, Inc. 2.60%, 11/24/2031

      5        5  

Zoetis, Inc. 2.00%, 5/15/2030

      6        5  
     

 

 

  
        30,796  
     

 

 

  

TOTAL CORPORATE BONDS

(Cost $36,857)

         35,593  
     

 

 

  

EQUITY-LINKED NOTES — 6.3%

      

Canada — 2.1%

      

Royal Bank of Canada, ELN, 7.50%, 4/20/2022, (linked to Russell 2000 Index) (c)

      1        1,045  

Royal Bank of Canada, ELN, 7.50%, 5/11/2022, (linked to Russell 2000 Index) (c)

      1        1,155  
     

 

 

  
        2,200  
     

 

 

  

France — 3.2%

      

BNP Paribas, ELN, 7.00%, 5/18/2022, (linked to Russell 2000 Index) (g)

      1        1,149  

BNP Paribas, ELN, 7.50%, 4/27/2022, (linked to Russell 2000 Index) (g)

      1        1,136  

Societe Generale, ELN, 7.00%, 5/25/2022, (linked to Russell 2000 Index) (c)

      1        1,133  
     

 

 

  
        3,418  
     

 

 

  

Switzerland — 1.0%

      

UBS AG, ELN, 7.50%, 5/4/2022, (linked to Russell 2000 Index) (c)

      1        1,062  
     

 

 

  

TOTAL EQUITY-LINKED NOTES

(Cost $6,598)

         6,680  
     

 

 

  
     Shares (000)         

EXCHANGE-TRADED FUNDS — 6.1%

      

United States — 6.1%

      

JPMorgan High Yield Research Enhanced ETF (l)

      87        4,256  

JPMorgan Equity Premium Income ETF (l)

      36        2,183  
     

 

 

  

TOTAL EXCHANGE-TRADED FUNDS

(Cost $6,705)

         6,439  
     

 

 

  

INVESTMENT COMPANIES — 4.5%

      

JPMorgan Emerging Markets Strategic Debt Fund Class R6 Shares (l)

      283        1,942  

JPMorgan Equity Income Fund Class R6 Shares (l)

      71        1,700  

JPMorgan Floating Rate Income Fund Class R6 Shares (l)

      125        1,100  
     

 

 

  

TOTAL INVESTMENT COMPANIES

(Cost $4,376)

         4,742  
     

 

 

  
     Principal
Amount ($000)		         

COMMERCIAL MORTGAGE-BACKED SECURITIES — 2.1%

      

United States - 2.1%

      

BANK Series 2017-BNK7, Class D, 2.71%, 9/15/2060 ‡ (g)

      100        81  

Benchmark Mortgage Trust Series 2019-B11, Class D, 3.00%, 5/15/2052 ‡ (g)

      100        83  

BX Commercial Mortgage Trust Series 2020-VIV2, Class C, 3.54%, 3/9/2044 ‡ (g) (m)

      106        97  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		      Value ($000)  

Citigroup Commercial Mortgage Trust

      

Series 2012-GC8, Class D, 4.88%, 9/10/2045 ‡ (g) (m)

      100        91  

Series 2016-P6, Class D, 3.25%, 12/10/2049 ‡ (g)

      20        16  

Series 2017-P7, Class D, 3.25%, 4/14/2050 ‡ (g)

      23        18  

Series 2017-P7, Class B, 4.14%, 4/14/2050 ‡ (m)

      10        10  

Commercial Mortgage Trust Series 2016-CR28, Class C, 4.64%, 2/10/2049 ‡ (m)

      100        99  

CSAIL Commercial Mortgage Trust Series 2019-C15, Class C, 4.99%, 3/15/2052 ‡ (m)

      100        100  

DBGS Mortgage Trust Series 2018-5BP, Class B, 1.38%, 6/15/2033 ‡ (g) (m)

      100        98  

FHLMC Multiclass Certificates Series 2020-RR05, Class X, IO, 2.01%, 1/27/2029

      160        19  

FHLMC, Multi-Family Structured Pass-Through Certificates

      

Series K734, Class X3, IO, 2.17%, 7/25/2026 (m)

      120        9  

Series Q012, Class X, IO, 4.16%, 9/25/2035 (m)

      460        99  

Series K726, Class X3, IO, 2.14%, 7/25/2044 (m)

      151        6  

Series K729, Class X3, IO, 1.97%, 11/25/2044 (m)

      1,212        54  

Series K728, Class X3, IO, 1.95%, 11/25/2045 (m)

      100        5  

Series K071, Class X3, IO, 2.01%, 11/25/2045 (m)

      700        68  

Series K088, Class X3, IO, 2.35%, 2/25/2047 (m)

      555        76  

Series K108, Class X3, IO, 3.49%, 4/25/2048 (m)

      400        89  

FREMF Series 2018-KF46, Class B, 2.19%, 3/25/2028 (g) (m)

      3        3  

FREMF Mortgage Trust

      

Series 2017-KF31, Class B, 3.14%, 4/25/2024 (g) (m)

      4        4  

Series 2017-KF32, Class B, 2.79%, 5/25/2024 (g) (m)

      27        27  

Series 2018-KF45, Class B, 2.19%, 3/25/2025 (g) (m)

      5        5  

Series 2018-KF47, Class B, 2.24%, 5/25/2025 (g) (m)

      17        17  

Series 2018-KC02, Class B, 4.12%, 7/25/2025 (g) (m)

      25        24  

Series 2018-KF53, Class B, 2.29%, 10/25/2025 (m)

      33        32  

Series 2019-KC03, Class B, 4.37%, 1/25/2026 (g) (m)

      25        25  

Series 2019-KF62, Class B, 2.29%, 4/25/2026 (g) (m)

      11        10  

Series 2018-KF43, Class B, 2.39%, 1/25/2028 (g) (m)

      27        26  

Series 2018-KF50, Class B, 2.14%, 7/25/2028 (g) (m)

      4        4  

Series 2018-K82, Class B, 4.13%, 9/25/2028 (g) (m)

      50        51  

Series 2019-KF63, Class B, 2.59%, 5/25/2029 (g) (m)

      14        14  

Series 2012-K19, Class C, 4.91%, 5/25/2045 (g) (m)

      2        2  

Series 2017-K65, Class B, 4.07%, 7/25/2050 (g) (m)

      75        75  

Series 2018-K75, Class B, 3.98%, 4/25/2051 (g) (m)

      10        10  

Series 2020-K737, Class B, 3.30%, 1/25/2053 (g) (m)

      100        97  

Series 2020-K737, Class C, 3.30%, 1/25/2053 (g) (m)

      145        140  

GNMA

      

Series 2016-71, Class QI, IO, 0.92%, 11/16/2057 (m)

      130        6  

Series 2020-14, IO, 0.61%, 2/16/2062 (m)

      643        36  

Series 2020-23, IO, 0.63%, 4/16/2062 (m)

      179        10  

Jackson Park Trust

      

Series 2019-LIC, Class E, 3.24%, 10/14/2039 ‡ (g) (m)

      100        82  

Series 2019-LIC, Class F, 3.24%, 10/14/2039 ‡ (g) (m)

      100        78  

JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-JP1, Class E, 4.22%, 1/15/2049 ‡ (g) (m)

      100        81  

LB-UBS Commercial Mortgage Trust Series 2006-C6, Class AJ, 5.45%, 9/15/2039 (m)

      20        9  

Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C31, Class B, 3.88%, 11/15/2049 ‡ (m)

      50        48  

Morgan Stanley Capital I Trust

      

Series 2018-MP, Class D, 4.28%, 7/11/2040 ‡ (g) (m)

      10        9  

Series 2020-HR8, Class XA, IO, 1.84%, 7/15/2053 (m)

      996        120  
     

 

 

  

TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES

(Cost $2,314)

         2,163  
     

 

 

  

COLLATERALIZED MORTGAGE OBLIGATIONS — 1.0%

      

United States — 1.0%

      

Banc of America Funding Trust Series 2006-A, Class 1A1, 2.61%, 2/20/2036 (m)

      8        8  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Principal
Amount ($000)		     Value ($000)  

Citigroup Mortgage Loan Trust, Inc. Series 2005-6, Class A1, 2.19%, 9/25/2035 (m)

      20       20  

Connecticut Avenue Securities Trust Series 2019-R06, Class 2M2, 2.56%, 9/25/2039 (g) (m)

      15       15  

FHLMC, REMIC

     

Series 4703, Class SA, IF, IO, 5.75%, 7/15/2047 (m)

      206       35  

Series 4937, Class MS, IF, IO, 5.59%, 12/25/2049 (m)

      139       22  

Series 4839, Class WS, IF, IO, 5.70%, 8/15/2056 (m)

      139       28  

FHLMC, STRIPS

     

Series 311, Class S1, IF, IO, 5.55%, 8/15/2043 (m)

      459       75  

Series 316, Class S7, IF, IO, 5.70%, 11/15/2043 (m)

      196       28  

Series 356, Class S5, IF, IO, 5.60%, 9/15/2047 (m)

      249       42  

FNMA, REMIC

     

Series 2012-75, Class DS, IF, IO, 5.49%, 7/25/2042 (m)

      161       24  

Series 2016-1, Class SJ, IF, IO, 5.69%, 2/25/2046 (m)

      101       19  

Series 2018-67, Class SN, IF, IO, 5.74%, 9/25/2048 (m)

      339       60  

Series 2018-73, Class SC, IF, IO, 5.74%, 10/25/2048 (m)

      198       30  

GNMA

     

Series 2017-67, Class ST, IF, IO, 5.75%, 5/20/2047 (m)

      153       26  

Series 2017-112, Class S, IF, IO, 5.75%, 7/20/2047 (m)

      123       16  

Series 2018-36, Class SG, IF, IO, 5.75%, 3/20/2048 (m)

      71       11  

Series 2019-22, Class SM, IF, IO, 5.60%, 2/20/2049 (m)

      184       31  

Series 2019-42, Class SJ, IF, IO, 5.60%, 4/20/2049 (m)

      150       22  

Impac CMB Trust

     

Series 2004-7, Class 1A2, 1.38%, 11/25/2034 (m)

      35       35  

Series 2005-8, Class 1AM, 1.16%, 2/25/2036 (m)

      64       61  

Morgan Stanley Mortgage Loan Trust Series 2004-5AR, Class 4A, 2.58%, 7/25/2034 (m)

      —   (a)      —   (a) 

New Residential Mortgage Loan Trust Series 2019-NQM4, Class M1, 2.99%, 9/25/2059 (g) (m)

      239       228  

Structured Adjustable Rate Mortgage Loan Trust Series 2007-9, Class 1A1, 2.33%, 10/25/2037 (m)

      224       225  

WaMu Mortgage Pass-Through Certificates Trust Series 2005-AR5, Class A6, 2.87%, 5/25/2035 (m)

      12       12  
    

 

 

  

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS

(Cost $1,138)

        1,073  
    

 

 

  

U.S. TREASURY OBLIGATIONS — 0.8%

     

U.S. Treasury Notes 0.13%, 1/31/2023 (n)(Cost $876)

      881       871  
    

 

 

  
     Shares (000)        

PREFERRED STOCKS — 0.6%

     

United States — 0.6%

     

Allstate Corp. (The), Series H, 5.10%, 10/15/2024 ($25 par value) (o)

      1       32  

Bank of America Corp.,

     

Series GG, 6.00%, 5/16/2023 ($25 par value) (o)

      1       19  

Series HH, 5.88%, 7/24/2023 ($25 par value) (o)

      1       18  

Series KK, 5.38%, 6/25/2024 ($25 par value) (o)

      1       18  

Series LL, 5.00%, 9/17/2024 ($25 par value) (o)

      1       18  

Energy Transfer LP, Series E, (ICE LIBOR USD 3 Month + 5.16%), 7.60%, 5/15/2024 (f) (o)

      2       40  

MetLife, Inc., Series F, 4.75%, 3/15/2025 ($25 par value) (o)

      1       15  

Morgan Stanley,

     

Series K, (ICE LIBOR USD 3 Month + 3.49%), 5.85%, 4/15/2027 ($25 par value) (f) (o)

      2       65  

Series L, 4.88%, 1/15/2025 ($25 par value) (o)

      —   (a)      4  

MYT Holding LLC, Series A, 10.00%, 6/6/2029 ‡

      7       8  

NextEra Energy Capital Holdings, Inc., Series N, 5.65%, 3/1/2079 ($25 par value)

      1       16  

Northern Trust Corp., Series E, 4.70%, 1/1/2025 ($25 par value) (o)

      —   (a)      11  

Public Storage, Series L, REIT 4.63%, 6/17/2025 ($25 par value) (o)

      1       12  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    Shares (000)     Value ($000)  

SCE Trust VI, 5.00%, 6/26/2022 ($25 par value) (o)

      4       86  

Sempra Energy, 5.75%, 7/1/2079 ($25 par value)

      —   (a)      3  

Southern Co. (The),

     

Series 2020, 4.95%, 1/30/2080 ($25 par value)

      1       24  

State Street Corp.,

     

Series G, (ICE LIBOR USD 3 Month + 3.71%), 5.35%, 3/15/2026 ($25 par value) (f) (o)

      —   (a)      10  

Truist Financial Corp.,

     

Series R, 4.75%, 9/1/2025 ($25 par value) (o)

      1       18  

US Bancorp,

     

Series K, 5.50%, 10/15/2023 ($25 par value) (b) (o)

      —   (a)      9  

Wells Fargo & Co.,

     

Series AA, 4.70%, 12/15/2025 ($25 par value) (o)

      —   (a)      4  

Series Y, 5.63%, 6/15/2022 ($25 par value) (o)

      1       31  

Series Z, 4.75%, 3/15/2025 ($25 par value) (o)

      5       118  
    

 

 

  

TOTAL PREFERRED STOCKS

(Cost $608)

        579  
 

 

 

  
     Principal
Amount
($000)		        

MORTGAGE-BACKED SECURITIES — 0.4%

 

United States — 0.4%

 

FNMA UMBS, 30 Year

 

  

Pool # MA4398, 2.00%, 8/1/2051

      327       304  

Pool # MA4465, 2.00%, 11/1/2051

      10       9  

Pool # MA4563, 2.50%, 3/1/2052

      60       57  

Pool # MA4564, 3.00%, 3/1/2052

      13       13  

GNMA II, 30 Year

 

  

Pool # MA7534, 2.50%, 8/20/2051

      57       56  
    

 

 

  

TOTAL MORTGAGE-BACKED SECURITIES

(Cost $473)

        439  
 

 

 

  

ASSET-BACKED SECURITIES — 0.3%

 

United States — 0.3%

 

GSAMP Trust Series 2003-SEA, Class A1, 1.26%, 2/25/2033 (m)

      85       83  

Morgan Stanley ABS Capital I, Inc. Trust

     

Series 2003-SD1, Class M1, 2.71%, 3/25/2033 ‡ (m)

      106       105  

Series 2003-NC10, Class M1, 1.48%, 10/25/2033 ‡ (m)

      14       13  

Prestige Auto Receivables Trust Series 2018-1A, Class D, 4.14%, 10/15/2024 (g)

      10       10  

Securitized Asset-Backed Receivables LLC Trust Series 2004-OP2, Class M3, 2.48%, 8/25/2034 ‡ (m)

      76       76  

Westlake Automobile Receivables Trust Series 2019-1A, Class E, 4.49%, 7/15/2024 (g)

      50       50  
    

 

 

  

TOTAL ASSET-BACKED SECURITIES

(Cost $325)

        337  
 

 

 

  

LOAN ASSIGNMENTS — 0.2%(p)

     

United States — 0.2%

     

American Axle & Manufacturing, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.25%), 3.00%, 4/6/2024 (f)

      6       5  

Axalta Dupont PC, Term Loan B (ICE LIBOR USD 3 Month + 1.75%), 2.76%, 6/1/2024 (f)

      21       21  

CenturyLink, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.25%), 2.71%, 3/15/2027 (f)

      8       7  

JBS USA LUX SA, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 2.00%), 2.80%, 5/1/2026 (f)

      33       32  

Nexstar Broadcasting, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 2.73%, 9/18/2026 (f)

      43       43  

UFC Holdings LLC, 1st Lien Term Loan B-3 (ICE LIBOR USD 3 Month + 2.75%), 3.50%, 4/29/2026 (f)

      39       39  

Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 3.21%, 6/2/2025 (f)

      67       67  

WMG Acquisition Corp., 1st Lien Term Loan G (ICE LIBOR USD 1 Month + 2.13%), 2.58%, 1/20/2028 (f)

      31       31  
    

 

 

  

TOTAL LOAN ASSIGNMENTS

(Cost $247)

        245  
 

 

 

  

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

Investments

    No. of
Warrants (000)		     Value
($000)		  

WARRANTS — 0.1%

 

United Kingdom — 0.0% (d)

 

Nmg Research Ltd.

     

expiring 9/24/2027, price 1.00 USD * ‡

      —   (a)      3  
    

 

 

  

United States — 0.1%

 

Chesapeake Energy Corp.

     

expiring 2/9/2026, price 30.73 USD *

      —   (a)      14  

expiring 2/9/2026, price 26.43 USD *

      —   (a)      14  

expiring 2/9/2026, price 34.61 USD *

      —   (a)      7  

Windstream Holdings, Inc.

     

expiring 12/31/2049, price 10.75 USD * ‡

      —   (a)      1  
    

 

 

  
       36  
    

 

 

  

TOTAL WARRANTS

(Cost $ — )

 

 

     39  
 

 

 

  
     Principal
Amount ($000)		        

CONVERTIBLE BONDS — 0.0% (d)

     

United States — 0.0% (d)

     

Liberty Interactive LLC

     

4.00%, 11/15/2029

      3       2  

3.75%, 2/15/2030

      2       1  
    

 

 

  

TOTAL CONVERTIBLE BONDS

(Cost $4)

        3  
    

 

 

  
     No. of
Rights (000)		        

RIGHTS — 0.0% (d)

     

Luxembourg — 0.0% (d)

 

Intelsat Jackson Holdings SA, expiring 12/5/2025 * ‡(Cost $– (a))

      —   (a)      —   (a) 
     Shares (000)        

SHORT-TERM INVESTMENTS — 5.0%

     

INVESTMENT COMPANIES — 3.8%

     

JPMorgan Prime Money Market Fund Class Institutional Shares, 0.29% (l) (q)

      3,609       3,609  

JPMorgan Prime Money Market Fund Class IM Shares, 0.32% (l) (q)

      385       386  
    

 

 

  

TOTAL INVESTMENT COMPANIES

(Cost $3,994)

        3,995  
 

 

 

  

INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 1.2%

 

JPMorgan Securities Lending Money Market Fund

 

  

Agency SL Class Shares, 0.30% (l) (q)

      200       199  

JPMorgan U.S. Government Money Market Fund

 

  

Class IM Shares, 0.26% (l) (q)

      1,070       1,070  
    

 

 

  

TOTAL INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED

(Cost $1,270)

 

 

     1,269  
 

 

 

  

TOTAL SHORT-TERM INVESTMENTS

(Cost $5,264)

        5,264  
    

 

 

  

Total Investments — 99.1%

(Cost $99,907)

 

 

     104,544  

Other Assets Less Liabilities — 0.9%

        970  
    

 

 

  

Net Assets — 100.0%

        105,514  
    

 

 

  

 

Percentages indicated are based on net assets.

JPMorgan Insurance Trust Income Builder 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:

 

INDUSTRY

    PERCENT OF TOTAL
INVESTMENTS		  

Banks

      6.9 % 

Equity-Linked Notes

      6.4  

Exchange-Traded Fund

      6.2  

Oil, Gas & Consumable Fuels

      5.8  

Equity Real Estate Investment Trusts (REITs)

      4.7  

Diversified Telecommunication Services

      4.1  

Electric Utilities

      3.5  

Pharmaceuticals

      3.5  

Fixed Income

      2.9  

Insurance

      2.9  

Media

      2.9  

Health Care Providers & Services

      2.3  

Capital Markets

      2.2  

Hotels, Restaurants & Leisure

      2.2  

Commercial Mortgage-Backed Securities

      2.1  

Semiconductors & Semiconductor Equipment

      1.8  

Food Products

      1.8  

Metals & Mining

      1.7  

U.S. Equity

      1.6  

Wireless Telecommunication Services

      1.6  

Chemicals

      1.5  

Multi-Utilities

      1.3  

Consumer Finance

      1.2  

Technology Hardware, Storage & Peripherals

      1.2  

Containers & Packaging

      1.1  

Collateralized Mortgage Obligations

      1.0  

Commercial Services & Supplies

      1.0  

Others (each less than 1.0%)

      19.6  

Short-Term Investments

      5.0  

 

Abbreviations
ABS       Asset-Backed Securities
ADR       American Depositary Receipt
CVA       Dutch Certification
ELN       Equity-Linked Note
ETF       Exchange-Traded Fund
EUR       Euro
FHLMC       Federal Home Loan Mortgage Corp.
FNMA       Federal National Mortgage Association
GBP       British Pound
GDR       Global Depositary Receipt
GNMA       Government National Mortgage Association
ICE       Intercontinental Exchange
IF       Inverse Floaters represent securities that pay interest at a rate that increases (decreases) with a decline (incline) in a specified index or have an interest rate that adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the rate in effect as of March 31, 2022. The rate may be subject to a cap and floor.

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

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.
LIBOR       London Interbank Offered Rate
OJSC       Open Joint Stock Company
OYJ       Public Limited Company
PJSC       Public Joint Stock 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
REMIC       Real Estate Mortgage Investment Conduit
RTS       Russian Trading System
SCA       Limited partnership with share capital
SGPS       Holding company
SOFR       Secured Overnight Financing Rate
STRIPS       Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program lets investors hold and trade individual interest and principal components of eligible notes and bonds as separate securities.
UMBS       Uniform Mortgage-Backed Securities
USD       United States Dollar
(a)       Amount rounds to less than one thousand.
(b)       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 $1,223.
(c)       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.
(d)       Amount rounds to less than 0.1% of net assets.
(e)       Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of March 31, 2022.
(f)       Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of March 31, 2022.
(g)       Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(h)       Security is an interest bearing note with preferred security characteristics.
(i)       Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

 

(j)       Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of March 31, 2022.
(k)       Defaulted security.
(l)       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.
(m)       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.
(n)       All or a portion of this security is deposited with the broker as initial margin for futures contracts.
(o)       The date shown reflects the next call date on which the issuer may redeem the security at par value. The coupon rate for this security is based on par value and is in effect as of March 31, 2022.
(p)       Loan assignments are presented by obligor. Each series or loan tranche underlying each obligor may have varying terms.
(q)       The rate shown is the current yield as of March 31, 2022.
*       Non-income producing security.
‡       Value determined using significant unobservable inputs.

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

 

EURO STOXX 50 Index

      1       06/2022        EUR        42       —   (a) 

S&P 500 E-Mini Index

      11       06/2022        USD        2,492       186  

U.S. Treasury 10 Year Note

      120       06/2022        USD        14,732       (457 ) 
            

 

 

  
               (271 ) 
            

 

 

  

Short Contracts

             

EURO STOXX 50 Index

      (40 )      06/2022        EUR        (1,681 )      (75 ) 

Russell 2000 E-Mini Index

      (25 )      06/2022        USD        (2,581 )      (115 ) 
            

 

 

  
               (190 ) 
            

 

 

  
               (461 ) 
            

 

 

  

 

Abbreviations
EUR    Euro
USD    United States Dollar

 

(a)

Amount rounds to less than one thousand.

JPMorgan Insurance Trust Income Builder 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.

See the table on “Quantitative Information about Level 3 Fair Value Measurements” for information on the valuation techniques and inputs used to value level 3 securities held by the Portfolio at March 31, 2022.

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.

JPMorgan Insurance Trust Income Builder Portfolio

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited) (continued)

(Dollar values in thousands)

 

•  

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).

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

        

United States

   $ —       $ 143     $ 194     $ 337  

Collateralized Mortgage Obligations

     —         1,073       —         1,073  

Commercial Mortgage-Backed Securities

        

United States

     —         1,172       991       2,163  

Common Stocks

        

Australia

     199       876       —         1,075  

Austria

     —         83       —         83  

Belgium

     —         193       —         193  

Brazil

     225       31       —         256  

Canada

     2,561       —         —         2,561  

Chile

     43       —         —         43  

China

     —         1,732       —         1,732  

Denmark

     15       484       —         499  

Finland

     —         373       —         373  

France

     63       1,428       —         1,491  

Germany

     —         1,474       —         1,474  

Hong Kong

     59       516       —         575  

India

     354       —         —         354  

Indonesia

     177       159       —         336  

Ireland

     —         25       —         25  

Italy

     —         672       —         672  

Japan

     75       1,923       —         1,998  

Luxembourg

     —         13       11       24  

Mexico

     458       —         —         458  

Netherlands

     —         466       —         466  

New Zealand

     —         124       —         124  

Norway

     26       323       —         349  

Poland

     —         57       —         57  

Portugal

     12       121       —         133  

Russia

     —         —         1       1  

Saudi Arabia

     —         79       —         79  

Singapore

     39       274       —         313  

South Africa

     111       119       —         230  

South Korea

     55       529       —         584  

Spain

     22       1,042       —         1,064  

Sweden

     —         598       —         598  

Switzerland

     —         1,626       —         1,626  

Taiwan

     48       1,212       —         1,260  

Thailand

     46       —         —         46  

United Kingdom

     77       2,229       —         2,306  

United States

     16,241       378       —         16,619  
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Common Stocks

     20,906       19,159       12       40,077  
 

 

 

    

 

 

    

 

 

    

 

 

  

Convertible Bonds

     —         3       —         3  

Corporate Bonds

        

Austria

     —         232       —         232  

Belgium

     —         20       —         20  

Canada

     —         1,253       —         1,253  

Cayman Islands

     —         29       —         29  

Finland

     —         51       —         51  

France

     —         645       —         645  

Germany

     —         21       —         21  

Ireland

     —         256       —         256  

Italy

     —         124       —         124  

Luxembourg

     —         24       —         24  

Netherlands

     —         373       —         373  

Sweden

     —         193       —         193  

Switzerland

     —         623       —         623  

United Kingdom

     —         953       —         953  

United States

     —         30,796       —   (a)      30,796  
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Corporate Bonds

     —         35,593       —   (a)      35,593  
 

 

 

    

 

 

    

 

 

    

 

 

  

Equity-Linked Notes

     —         6,680       —         6,680  

Exchange-Traded Funds

     6,439       —         —         6,439  

Investment Companies

     4,742       —         —         4,742  

Loan Assignments

     —         245       —         245  

Mortgage-Backed Securities

     —         439       —         439  

Preferred Stocks

        

United States

     571       —         8       579  

Rights

     —         —         —   (a)      —   (a) 

U.S. Treasury Obligations

     —         871       —         871  

Warrants

        

United Kingdom

     —         —         3       3  

United States

     35       —         1       36  
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Warrants

     35       —         4       39  
 

 

 

    

 

 

    

 

 

    

 

 

  

Short-Term Investments

        

Investment Companies

     3,995       —         —         3,995  

Investment of Cash Collateral from Securities Loaned

     1,269       —         —         1,269  
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Short-Term Investments

   $ 5,264     $ —       $ —       $ 5,264  
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Investments in Securities

   $ 37,957     $ 65,378     $ 1,209     $ 104,544  
 

 

 

    

 

 

    

 

 

    

 

 

  

Appreciation in Other Financial Instruments

        

Futures Contracts

   $ 186     $ —       $ —       $ 186  

Depreciation in Other Financial Instruments

        

Futures Contracts

     (647 )      —         —         (647 ) 
 

 

 

    

 

 

    

 

 

    

 

 

  

Total Net Appreciation/Depreciation in Other Financial Instruments

   $ (461 )    $ —       $ —       $ (461 ) 
 

 

 

    

 

 

    

 

 

    

 

 

  

 

(a)

Amount rounds to less than one thousand.

The following is a summary of investments for which significant unobservable inputs (level 3) were used in determining fair value:

 

    Balance as of
December 31,
2021		     Realized
gain
(loss)		     Change in net
unrealized
appreciation
(depreciation)		     Net accretion
(amortization)		     Purchases1     Sales2     Transfers
into
Level 3		     Transfers
out of
Level 3		     Balance
as of
March 31,
2022		  

Investments in Securities:

                  

Asset-Backed Securities

   $ 262     $ —   (a)    $ —   (a)    $ —   (a)    $ —       $ 25     $ —       $ (93 )    $ 194  

Collateralized Mortgage Obligations

     264       —         —         —   (a)      —         —         —         (264 )      —    

Commercial Mortgage-Backed Securities

     1,072       —         (72 )      —         —         —         —         (9 )      991  

Common Stocks

     —         (9 )      (96 )      —         22       (50 )      145       —         12  

Corporate Bonds

     —         —         —         —         —         —         —         —         —   (a) 

Preferred Stocks

     8       —         —         —         —         —         —         —         8  

Rights

     —         —         —         —         —         —         —         —         —   (a) 

Warrants

     4       —         —         —         —         —         —         —         4  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 1,610     $ (9 )    $ (168 )    $ —       $ 22     $ (25 )    $ 145     $ (366 )    $ 1,209  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

1

Purchases include all purchases of securities and securities received in corporate actions.

2

Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

(a)

Amount rounds to less than one thousand.

The changes in net unrealized appreciation (depreciation) attributable to securities owned at March 31, 2022, which were valued using significant unobservable inputs (level 3) amounted to $(167).

There were no significant transfers into or out of level 3 for the period ended March 31, 2022.

The significant unobservable inputs used in the fair value measurement of the Portfolio’s investments are listed below. Generally, a change in the assumptions used in any input in isolation may be accompanied by a change in another input. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. The impact is based on the relationship between each unobservable input and the fair value measurement. Significant increases (decreases) in enterprise multiples may increase (decrease) the fair value measurement. Significant increases (decreases) in the discount for lack of marketability, liquidity discount, probability of default, yield and default rate may decrease (increase) the fair value measurement. A significant change in the discount rate or prepayment rate (Constant Prepayment Rate or PSA Prepayment Model) may decrease or increase the fair value measurement.

Quantitative Information about Level 3 Fair Value Measurements #

 

    Fair Value at
March 31, 2022		     Valuation Technique(s)    

Unobservable Input

  

Range (Weighted Average) (a)

  $ 194       Discounted Cash Flow     Constant Prepayment Rate   6.00% - 8.00% (7.15%)
      Constant Default Rate   2.00% - 6.20% (4.40%)
      Yield (Discount Rate of Cash Flows)   3.81% - 6.20% (5.33%)
 

 

 

        

Asset-Backed Securities

     194        
 

 

 

        
    991       Discounted Cash Flow     Yield (Discount Rate of Cash Flows)   4.06% - 24.63% (7.83%)
 

 

 

        

Commercial Mortgage-Backed Securities

     991        
 

 

 

        
    1       Market Comparable Companies     EBITDA Multiple (b)   5.5x (5.5x)
 

 

 

        

Warrants

     1        
 

 

 

        
    —   (c)      Pending Distribution Amount     Expected Recovery   $0.01($0.01)
 

 

 

        

Rights

     —   (c)       
 

 

 

        

Total

   $ 1,186        
 

 

 

        

 

#

The table above does not include certain level 3 investments that are valued by brokers and Pricing Services. At March 31, 2022, the value of these investments was $23. The inputs for these investments are not readily available or cannot be reasonably estimated and are generally those inputs described in Note A.

(a)

Unobservable inputs were weighted by the relative fair value of the instruments.

(b)

Represents amounts used when the reporting entity has determined that market participants would take into account such multiples when pricing the investments.

(c)

Amount rounds to less than one thousand.

B. Investment Transactions with Affiliates  —  The Portfolio invested in Underlying Funds and ETFs, 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’ and ETFs’ distributions may be reinvested into such Underlying Funds and ETFs. 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 Strategic Debt Fund Class R6 Shares(a)

   $ 2,160     $ 10     $ —       $ —       $ (228 )    $ 1,942       283     $ 11     $ —    

JPMorgan Equity Income Fund Class R6 Shares(a)

     1,696       9       —         —         (5 )      1,700       71       9       —    

JPMorgan Equity Premium Income ETF(a)

     1,653       568       —         —         (38 )      2,183       36       26       —    

JPMorgan Floating Rate Income Fund Class R6 Shares(a)

     1,108       8       —         —         (16 )      1,100       125       8       —    

JPMorgan High Yield Research Enhanced ETF(a)

     4,505       —         —         —         (249 )      4,256       87       32       —    

JPMorgan Prime Money Market Fund Class IM Shares, 0.32%(a)(b)

     462       1,087       1,163       —   (c)      —   (c)      386       385       —   (c)      —    

JPMorgan Prime Money Market Fund Class Institutional Shares, 0.29%(a)(b)

     1,323       11,618       9,331       (1 )      —   (c)      3,609       3,609       —   (c)      —    

JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.30%(a)(b)

     200       —         1       —         —   (c)      199       200       —   (c)      —    

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.26%(a)(b)

     820       2,865       2,615       —         —         1,070       1,070       —   (c)      —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

Total

   $ 13,927     $ 16,165     $ 13,110     $ (1 )    $ (536 )    $ 16,445       $ 86     $ —    
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

(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.