JPMorgan U.S. Small Company Fund
Schedule of Portfolio Investments as of March 31, 2024
(Unaudited)
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR SALES LITERATURE WITH THE GENERAL PUBLIC. The list is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by a prospectus. The list has been created from the books and records of the Fund. Holdings are available 60 days after the fund’s fiscal quarter, using a trade date accounting convention, by contacting the appropriate service center. The list is subject to change without notice. The list is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
JPMorgan Asset Management is the marketing name for the asset management business of J.P. Morgan Chase & Co. |
J.P. Morgan Distribution Services, Inc., member FINRA. |
© J.P. Morgan Chase & Co., 2024. |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — 96.6% | ||
Aerospace & Defense — 0.3% | ||
V2X, Inc. * | 61 | 2,859 |
Air Freight & Logistics — 0.5% | ||
Forward Air Corp. | 8 | 237 |
Hub Group, Inc., Class A | 97 | 4,212 |
Radiant Logistics, Inc. * | 120 | 650 |
5,099 | ||
Automobile Components — 1.1% | ||
Adient plc * | 72 | 2,361 |
Goodyear Tire & Rubber Co. (The) * | 241 | 3,316 |
Modine Manufacturing Co. * | 40 | 3,765 |
Patrick Industries, Inc. | 14 | 1,685 |
11,127 | ||
Banks — 8.2% | ||
Amalgamated Financial Corp. | 40 | 963 |
Ameris Bancorp | 51 | 2,448 |
Associated Banc-Corp. | 30 | 641 |
Axos Financial, Inc. * | 11 | 605 |
Banc of California, Inc. | 214 | 3,256 |
Bancorp, Inc. (The) * | 18 | 609 |
Bank of NT Butterfield & Son Ltd. (The) (Bermuda) | 146 | 4,669 |
BankUnited, Inc. | 26 | 734 |
Banner Corp. | 29 | 1,370 |
Business First Bancshares, Inc. | 46 | 1,028 |
Byline Bancorp, Inc. | 15 | 323 |
Capitol Federal Financial, Inc. | 42 | 251 |
Central Pacific Financial Corp. | 18 | 360 |
CNB Financial Corp. | 19 | 390 |
Coastal Financial Corp. * | 31 | 1,212 |
ConnectOne Bancorp, Inc. | 214 | 4,175 |
Customers Bancorp, Inc. * | 84 | 4,452 |
Eastern Bankshares, Inc. | 210 | 2,901 |
Enterprise Financial Services Corp. | 45 | 1,812 |
Equity Bancshares, Inc., Class A | 31 | 1,062 |
Financial Institutions, Inc. | 3 | 62 |
First BanCorp (Puerto Rico) | 204 | 3,581 |
First Bancshares, Inc. (The) | 23 | 594 |
First Citizens BancShares, Inc., Class A | 1 | 1,970 |
First Financial Corp. | 22 | 860 |
First Merchants Corp. | 62 | 2,162 |
First Mid Bancshares, Inc. | 21 | 672 |
Flushing Financial Corp. | 11 | 134 |
FNB Corp. | 26 | 360 |
Glacier Bancorp, Inc. | 17 | 673 |
Hancock Whitney Corp. | 12 | 533 |
Hanmi Financial Corp. | 11 | 170 |
Heartland Financial USA, Inc. | 14 | 507 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Banks — continued | ||
Heritage Commerce Corp. | 113 | 971 |
Home BancShares, Inc. | 50 | 1,236 |
Hope Bancorp, Inc. | 77 | 888 |
Live Oak Bancshares, Inc. | 12 | 501 |
Macatawa Bank Corp. | 8 | 80 |
Mercantile Bank Corp. | 4 | 173 |
Mid Penn Bancorp, Inc. | 5 | 91 |
MidWestOne Financial Group, Inc. | 7 | 168 |
MVB Financial Corp. | 2 | 46 |
National Bank Holdings Corp., Class A | 12 | 415 |
OceanFirst Financial Corp. | 159 | 2,603 |
OFG Bancorp (Puerto Rico) | 89 | 3,286 |
Old National Bancorp | 171 | 2,981 |
Old Second Bancorp, Inc. | 102 | 1,409 |
Pathward Financial, Inc. | 47 | 2,363 |
Pinnacle Financial Partners, Inc. | 16 | 1,352 |
Popular, Inc. (Puerto Rico) | 53 | 4,669 |
Preferred Bank | 11 | 862 |
Premier Financial Corp. | 10 | 209 |
QCR Holdings, Inc. | 38 | 2,286 |
Seacoast Banking Corp. of Florida | 11 | 289 |
South Plains Financial, Inc. | 3 | 68 |
Southside Bancshares, Inc. | 11 | 319 |
SouthState Corp. | 11 | 962 |
Texas Capital Bancshares, Inc. * | 9 | 574 |
Towne Bank | 24 | 683 |
TriCo Bancshares | 33 | 1,208 |
UMB Financial Corp. | 4 | 369 |
United Bankshares, Inc. | 20 | 719 |
Unity Bancorp, Inc. | 3 | 82 |
Veritex Holdings, Inc. | 32 | 649 |
WesBanco, Inc. | 20 | 594 |
Wintrust Financial Corp. | 37 | 3,823 |
WSFS Financial Corp. | 12 | 540 |
83,007 | ||
Beverages — 0.7% | ||
Coca-Cola Consolidated, Inc. | 2 | 1,676 |
Primo Water Corp. | 115 | 2,102 |
Vita Coco Co., Inc. (The) * | 130 | 3,164 |
6,942 | ||
Biotechnology — 8.2% | ||
ACADIA Pharmaceuticals, Inc. * | 106 | 1,952 |
ACELYRIN, Inc. * (a) | 185 | 1,247 |
Akero Therapeutics, Inc. * | 102 | 2,582 |
Alkermes plc * | 44 | 1,181 |
Allogene Therapeutics, Inc. * (a) | 178 | 797 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Biotechnology — continued | ||
Amicus Therapeutics, Inc. * | 323 | 3,811 |
Annexon, Inc. * | 355 | 2,545 |
Arcutis Biotherapeutics, Inc. * (a) | 369 | 3,660 |
Arrowhead Pharmaceuticals, Inc. * | 34 | 973 |
Atara Biotherapeutics, Inc. * (a) | 496 | 344 |
Biohaven Ltd. * | 5 | 265 |
Bluebird Bio, Inc. * (a) | 11 | 14 |
Blueprint Medicines Corp. * | 18 | 1,718 |
Bridgebio Pharma, Inc. * | 19 | 587 |
Catalyst Pharmaceuticals, Inc. * | 82 | 1,301 |
Crinetics Pharmaceuticals, Inc. * | 55 | 2,553 |
Enanta Pharmaceuticals, Inc. * | 38 | 665 |
Immunovant, Inc. * | 62 | 2,000 |
Insmed, Inc. * | 59 | 1,596 |
Intellia Therapeutics, Inc. * | 34 | 948 |
Kura Oncology, Inc. * | 141 | 3,014 |
Kyverna Therapeutics, Inc. * (a) | 77 | 1,918 |
Madrigal Pharmaceuticals, Inc. * | 13 | 3,448 |
MeiraGTx Holdings plc * | 128 | 780 |
Mersana Therapeutics, Inc. * | 475 | 2,127 |
Mural Oncology plc * | 4 | 21 |
OmniAb Operations, Inc. ‡ * | 7 | — |
Ovid therapeutics, Inc. * | 586 | 1,787 |
Protagonist Therapeutics, Inc. * | 56 | 1,622 |
Prothena Corp. plc (Ireland) * | 39 | 969 |
PTC Therapeutics, Inc. * | 33 | 963 |
Recursion Pharmaceuticals, Inc., Class A * (a) | 317 | 3,164 |
Replimune Group, Inc. * | 87 | 711 |
REVOLUTION Medicines, Inc. * | 119 | 3,819 |
Sage Therapeutics, Inc. * | 42 | 787 |
Sagimet Biosciences, Inc., Class A * (a) | 433 | 2,344 |
Sana Biotechnology, Inc. * | 1 | 9 |
SpringWorks Therapeutics, Inc. * (a) | 79 | 3,891 |
Sutro Biopharma, Inc. * | 9 | 53 |
Syndax Pharmaceuticals, Inc. * | 102 | 2,426 |
Travere Therapeutics, Inc. * | 123 | 949 |
Twist Bioscience Corp. * (a) | 107 | 3,675 |
Tyra Biosciences, Inc. * (a) | 145 | 2,385 |
Viking Therapeutics, Inc. * (a) | 130 | 10,619 |
Xencor, Inc. * | 28 | 618 |
Y-mAbs Therapeutics, Inc. * (a) | 3 | 42 |
82,880 | ||
Broadline Retail — 0.1% | ||
Savers Value Village, Inc. * (a) | 72 | 1,391 |
Building Products — 1.9% | ||
Apogee Enterprises, Inc. | 16 | 952 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Building Products — continued | ||
Gibraltar Industries, Inc. * | 16 | 1,309 |
Griffon Corp. | 107 | 7,857 |
Quanex Building Products Corp. | 27 | 1,028 |
Resideo Technologies, Inc. * | 39 | 881 |
Simpson Manufacturing Co., Inc. | 5 | 920 |
UFP Industries, Inc. | 53 | 6,482 |
19,429 | ||
Capital Markets — 2.0% | ||
AssetMark Financial Holdings, Inc. * | 36 | 1,262 |
Donnelley Financial Solutions, Inc. * | 85 | 5,294 |
Open Lending Corp. * | 200 | 1,251 |
Perella Weinberg Partners | 117 | 1,654 |
Piper Sandler Cos. | 11 | 2,303 |
StoneX Group, Inc. * | 16 | 1,110 |
Victory Capital Holdings, Inc., Class A | 139 | 5,884 |
Virtus Investment Partners, Inc. | 6 | 1,500 |
20,258 | ||
Chemicals — 1.3% | ||
Arcadium Lithium plc (Jersey) * (a) | 59 | 256 |
Avient Corp. | 39 | 1,694 |
Cabot Corp. | 37 | 3,433 |
Ecovyst, Inc. * | 23 | 251 |
HB Fuller Co. | 26 | 2,061 |
Ingevity Corp. * | 13 | 639 |
Orion SA (Germany) | 154 | 3,614 |
Tronox Holdings plc | 70 | 1,205 |
13,153 | ||
Commercial Services & Supplies — 1.6% | ||
ABM Industries, Inc. | 115 | 5,162 |
Brink's Co. (The) | 26 | 2,388 |
MillerKnoll, Inc. | 163 | 4,031 |
Tetra Tech, Inc. | 26 | 4,772 |
16,353 | ||
Communications Equipment — 0.2% | ||
Aviat Networks, Inc. * | 34 | 1,295 |
Extreme Networks, Inc. * | 38 | 441 |
1,736 | ||
Construction & Engineering — 3.9% | ||
API Group Corp. * | 164 | 6,435 |
Argan, Inc. | 32 | 1,620 |
Comfort Systems USA, Inc. | 38 | 12,005 |
Construction Partners, Inc., Class A * | 32 | 1,815 |
IES Holdings, Inc. * | 14 | 1,662 |
MYR Group, Inc. * | 43 | 7,666 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Construction & Engineering — continued | ||
Primoris Services Corp. | 56 | 2,405 |
Sterling Infrastructure, Inc. * | 52 | 5,682 |
39,290 | ||
Construction Materials — 0.4% | ||
Knife River Corp. * | 21 | 1,687 |
Summit Materials, Inc., Class A * | 55 | 2,449 |
4,136 | ||
Consumer Finance — 0.4% | ||
Enova International, Inc. * | 26 | 1,612 |
FirstCash Holdings, Inc. | 10 | 1,281 |
LendingClub Corp. * | 100 | 881 |
3,774 | ||
Consumer Staples Distribution & Retail — 0.8% | ||
Andersons, Inc. (The) | 33 | 1,895 |
Chefs' Warehouse, Inc. (The) * | 77 | 2,892 |
Sprouts Farmers Market, Inc. * (a) | 50 | 3,234 |
United Natural Foods, Inc. * | 20 | 235 |
8,256 | ||
Containers & Packaging — 0.2% | ||
Greif, Inc., Class A | 10 | 699 |
O-I Glass, Inc. * | 75 | 1,242 |
1,941 | ||
Diversified Consumer Services — 0.9% | ||
Adtalem Global Education, Inc. * | 41 | 2,088 |
Duolingo, Inc. * | 15 | 3,423 |
Perdoceo Education Corp. | 87 | 1,525 |
Stride, Inc. * (a) | 33 | 2,093 |
9,129 | ||
Diversified REITs — 0.5% | ||
American Assets Trust, Inc. | 35 | 755 |
Armada Hoffler Properties, Inc. | 18 | 190 |
Empire State Realty Trust, Inc., Class A | 91 | 924 |
Essential Properties Realty Trust, Inc. | 107 | 2,862 |
4,731 | ||
Diversified Telecommunication Services — 0.3% | ||
Iridium Communications, Inc. | 16 | 430 |
Liberty Latin America Ltd., Class C (Puerto Rico) * | 245 | 1,712 |
Ooma, Inc. * | 146 | 1,243 |
3,385 | ||
Electric Utilities — 0.8% | ||
IDACORP, Inc. | 22 | 2,029 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Electric Utilities — continued | ||
MGE Energy, Inc. | 25 | 1,947 |
Portland General Electric Co. | 90 | 3,778 |
7,754 | ||
Electrical Equipment — 1.5% | ||
Atkore, Inc. | 47 | 8,902 |
Bloom Energy Corp., Class A * (a) | 36 | 404 |
Encore Wire Corp. | 23 | 6,124 |
15,430 | ||
Electronic Equipment, Instruments & Components — 1.3% | ||
Benchmark Electronics, Inc. | 58 | 1,743 |
Fabrinet (Thailand) * | 28 | 5,319 |
Insight Enterprises, Inc. * | 17 | 3,223 |
OSI Systems, Inc. * | 10 | 1,351 |
ScanSource, Inc. * | 26 | 1,162 |
12,798 | ||
Energy Equipment & Services — 2.4% | ||
ChampionX Corp. | 77 | 2,779 |
Helmerich & Payne, Inc. | 9 | 375 |
Liberty Energy, Inc. | 197 | 4,082 |
Noble Corp. plc | 68 | 3,300 |
Oceaneering International, Inc. * | 107 | 2,495 |
Oil States International, Inc. * | 102 | 629 |
Patterson-UTI Energy, Inc. | 302 | 3,605 |
Select Water Solutions, Inc. | 81 | 744 |
Valaris Ltd. * | 27 | 2,054 |
Weatherford International plc * | 34 | 3,942 |
24,005 | ||
Entertainment — 0.1% | ||
Lions Gate Entertainment Corp., Class A * (a) | 111 | 1,105 |
Financial Services — 3.6% | ||
Cannae Holdings, Inc. * | 26 | 573 |
Enact Holdings, Inc. | 54 | 1,679 |
Essent Group Ltd. | 76 | 4,518 |
EVERTEC, Inc. (Puerto Rico) | 36 | 1,430 |
Federal Agricultural Mortgage Corp., Class C | 6 | 1,187 |
Flywire Corp. * | 124 | 3,075 |
International Money Express, Inc. * | 33 | 761 |
Jackson Financial, Inc., Class A | 47 | 3,092 |
Merchants Bancorp | 59 | 2,544 |
Mr. Cooper Group, Inc. * | 43 | 3,366 |
NMI Holdings, Inc., Class A * | 97 | 3,142 |
PennyMac Financial Services, Inc. (a) | 34 | 3,100 |
Radian Group, Inc. | 128 | 4,292 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Financial Services — continued | ||
Remitly Global, Inc. * | 67 | 1,397 |
Repay Holdings Corp. * | 175 | 1,918 |
36,074 | ||
Food Products — 1.1% | ||
Cal-Maine Foods, Inc. | 24 | 1,413 |
Dole plc | 114 | 1,358 |
Fresh Del Monte Produce, Inc. | 16 | 410 |
Freshpet, Inc. * | 21 | 2,418 |
John B Sanfilippo & Son, Inc. | 15 | 1,649 |
Simply Good Foods Co. (The) * | 54 | 1,856 |
SunOpta, Inc. (Canada) * (a) | 167 | 1,147 |
Vital Farms, Inc. * | 41 | 944 |
11,195 | ||
Gas Utilities — 0.8% | ||
Chesapeake Utilities Corp. | 23 | 2,485 |
New Jersey Resources Corp. | 33 | 1,402 |
Northwest Natural Holding Co. | 25 | 928 |
ONE Gas, Inc. (a) | 54 | 3,502 |
8,317 | ||
Ground Transportation — 0.5% | ||
ArcBest Corp. | 33 | 4,701 |
Health Care Equipment & Supplies — 1.8% | ||
Alphatec Holdings, Inc. * | 88 | 1,221 |
AngioDynamics, Inc. * | 132 | 777 |
AtriCure, Inc. * (a) | 87 | 2,639 |
Atrion Corp. | 8 | 3,564 |
Inmode Ltd. * | 46 | 991 |
Inogen, Inc. * | 337 | 2,718 |
Lantheus Holdings, Inc. * (a) | 66 | 4,131 |
Omnicell, Inc. * | 21 | 608 |
SI-BONE, Inc. * | 56 | 919 |
Treace Medical Concepts, Inc. * | 45 | 585 |
18,153 | ||
Health Care Providers & Services — 2.1% | ||
AMN Healthcare Services, Inc. * | 13 | 824 |
Fulgent Genetics, Inc. * (a) | 28 | 608 |
HealthEquity, Inc. * | 61 | 4,996 |
National HealthCare Corp. | 10 | 934 |
NeoGenomics, Inc. * | 117 | 1,845 |
OPKO Health, Inc. * (a) | 427 | 512 |
Option Care Health, Inc. * | 111 | 3,721 |
Progyny, Inc. * | 126 | 4,802 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Health Care Providers & Services — continued | ||
Surgery Partners, Inc. * | 21 | 629 |
Tenet Healthcare Corp. * | 19 | 2,017 |
20,888 | ||
Health Care REITs — 0.5% | ||
CareTrust REIT, Inc. | 34 | 839 |
Community Healthcare Trust, Inc. | 42 | 1,107 |
Global Medical REIT, Inc. | 18 | 154 |
Sabra Health Care REIT, Inc. | 173 | 2,562 |
4,662 | ||
Health Care Technology — 0.4% | ||
Health Catalyst, Inc. * | 320 | 2,412 |
OptimizeRx Corp. * | 43 | 519 |
Veradigm, Inc. * | 118 | 906 |
3,837 | ||
Hotel & Resort REITs — 0.9% | ||
Apple Hospitality REIT, Inc. | 80 | 1,307 |
DiamondRock Hospitality Co. | 76 | 728 |
RLJ Lodging Trust | 115 | 1,366 |
Ryman Hospitality Properties, Inc. | 34 | 3,911 |
Xenia Hotels & Resorts, Inc. | 97 | 1,462 |
8,774 | ||
Hotels, Restaurants & Leisure — 2.3% | ||
Accel Entertainment, Inc. * | 106 | 1,248 |
Boyd Gaming Corp. | 30 | 2,017 |
Cava Group, Inc. * (a) | 25 | 1,763 |
Dave & Buster's Entertainment, Inc. * | 50 | 3,135 |
Everi Holdings, Inc. * | 126 | 1,266 |
Hilton Grand Vacations, Inc. * | 61 | 2,897 |
Kura Sushi USA, Inc., Class A * (a) | 10 | 1,135 |
Light & Wonder, Inc. * | 53 | 5,366 |
Shake Shack, Inc., Class A * | 7 | 725 |
Sweetgreen, Inc., Class A * | 39 | 984 |
United Parks & Resorts, Inc. * | 18 | 983 |
Wingstop, Inc. | 4 | 1,591 |
23,110 | ||
Household Durables — 2.3% | ||
Century Communities, Inc. | 16 | 1,581 |
Green Brick Partners, Inc. * | 26 | 1,548 |
Installed Building Products, Inc. | 4 | 1,012 |
KB Home | 23 | 1,594 |
Landsea Homes Corp. * | 87 | 1,257 |
M/I Homes, Inc. * | 12 | 1,679 |
Meritage Homes Corp. | 18 | 3,221 |
Sonos, Inc. * | 206 | 3,925 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Household Durables — continued | ||
Taylor Morrison Home Corp. * | 78 | 4,838 |
Tri Pointe Homes, Inc. * | 64 | 2,482 |
23,137 | ||
Household Products — 0.1% | ||
Central Garden & Pet Co., Class A * | 15 | 561 |
Independent Power and Renewable Electricity Producers — 0.2% | ||
Clearway Energy, Inc. | 21 | 445 |
Clearway Energy, Inc., Class C | 78 | 1,793 |
Sunnova Energy International, Inc. * (a) | 37 | 229 |
2,467 | ||
Industrial REITs — 0.6% | ||
First Industrial Realty Trust, Inc. | 14 | 743 |
Innovative Industrial Properties, Inc. (a) | 16 | 1,607 |
Plymouth Industrial REIT, Inc. | 75 | 1,687 |
Terreno Realty Corp. | 28 | 1,885 |
5,922 | ||
Insurance — 0.7% | ||
BRP Group, Inc., Class A * | 11 | 335 |
Oscar Health, Inc., Class A * | 155 | 2,303 |
Palomar Holdings, Inc. * | 22 | 1,816 |
RLI Corp. | 16 | 2,338 |
Skyward Specialty Insurance Group, Inc. * | 9 | 342 |
7,134 | ||
Interactive Media & Services — 0.6% | ||
Cars.com, Inc. * | 41 | 711 |
QuinStreet, Inc. * | 66 | 1,163 |
Shutterstock, Inc. | 32 | 1,477 |
Yelp, Inc. * | 76 | 2,986 |
6,337 | ||
IT Services — 0.9% | ||
Couchbase, Inc. * | 119 | 3,136 |
Information Services Group, Inc. | 329 | 1,329 |
Perficient, Inc. * | 19 | 1,070 |
Squarespace, Inc., Class A * | 49 | 1,797 |
Unisys Corp. * | 445 | 2,183 |
9,515 | ||
Leisure Products — 0.3% | ||
Acushnet Holdings Corp. (a) | 47 | 3,120 |
JAKKS Pacific, Inc. * | 14 | 331 |
3,451 | ||
Life Sciences Tools & Services — 0.8% | ||
Adaptive Biotechnologies Corp. * | 13 | 42 |
Medpace Holdings, Inc. * | 17 | 7,007 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Life Sciences Tools & Services — continued | ||
OmniAb, Inc. * (a) | 71 | 386 |
OmniAb, Inc. ‡ * | 7 | — |
Quanterix Corp. * | 25 | 579 |
8,014 | ||
Machinery — 1.8% | ||
Blue Bird Corp. * | 39 | 1,470 |
Mueller Industries, Inc. | 124 | 6,687 |
REV Group, Inc. | 75 | 1,660 |
Terex Corp. | 10 | 633 |
Titan International, Inc. * | 142 | 1,769 |
Watts Water Technologies, Inc., Class A | 28 | 5,990 |
18,209 | ||
Marine Transportation — 0.4% | ||
Eagle Bulk Shipping, Inc. | 9 | 530 |
Matson, Inc. | 25 | 2,806 |
Safe Bulkers, Inc. (Greece) | 99 | 491 |
3,827 | ||
Media — 0.5% | ||
Gray Television, Inc. | 123 | 777 |
Integral Ad Science Holding Corp. * | 54 | 538 |
John Wiley & Sons, Inc., Class A | 29 | 1,098 |
Magnite, Inc. * (a) | 130 | 1,395 |
Thryv Holdings, Inc. * | 59 | 1,322 |
5,130 | ||
Metals & Mining — 2.0% | ||
Alpha Metallurgical Resources, Inc. (a) | 14 | 4,491 |
Arch Resources, Inc. | 12 | 1,885 |
ATI, Inc. * (a) | 12 | 632 |
Commercial Metals Co. | 108 | 6,330 |
Constellium SE * | 87 | 1,931 |
Hecla Mining Co. | 278 | 1,335 |
Olympic Steel, Inc. | 5 | 373 |
Radius Recycling, Inc. | 8 | 178 |
Ryerson Holding Corp. | 19 | 629 |
SunCoke Energy, Inc. | 31 | 351 |
Warrior Met Coal, Inc. | 27 | 1,646 |
19,781 | ||
Mortgage Real Estate Investment Trusts (REITs) — 0.6% | ||
Brightspire Capital, Inc. | 245 | 1,686 |
KKR Real Estate Finance Trust, Inc. | 20 | 202 |
Ladder Capital Corp. | 250 | 2,788 |
MFA Financial, Inc. | 80 | 919 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Mortgage Real Estate Investment Trusts (REITs) — continued | ||
Redwood Trust, Inc. | 47 | 297 |
TPG RE Finance Trust, Inc. | 25 | 190 |
6,082 | ||
Multi-Utilities — 0.4% | ||
Northwestern Energy Group, Inc. | 19 | 939 |
Unitil Corp. | 67 | 3,517 |
4,456 | ||
Office REITs — 0.6% | ||
City Office REIT, Inc. | 42 | 217 |
COPT Defense Properties | 134 | 3,233 |
Easterly Government Properties, Inc. | 31 | 364 |
Piedmont Office Realty Trust, Inc., Class A | 44 | 311 |
SL Green Realty Corp. (a) | 43 | 2,366 |
6,491 | ||
Oil, Gas & Consumable Fuels — 4.0% | ||
California Resources Corp. | 23 | 1,273 |
Chord Energy Corp. | 26 | 4,700 |
Civitas Resources, Inc. (a) | 14 | 1,082 |
CNX Resources Corp. * | 37 | 869 |
CONSOL Energy, Inc. | 5 | 395 |
CVR Energy, Inc. (a) | 30 | 1,088 |
Delek US Holdings, Inc. | 51 | 1,575 |
Dorian LPG Ltd. | 32 | 1,233 |
Equitrans Midstream Corp. | 57 | 714 |
Green Plains, Inc. * | 21 | 495 |
Gulfport Energy Corp. * | 4 | 592 |
Magnolia Oil & Gas Corp., Class A (a) | 33 | 854 |
Matador Resources Co. | 86 | 5,762 |
Murphy Oil Corp. | 90 | 4,102 |
Ovintiv, Inc. | 61 | 3,160 |
PBF Energy, Inc., Class A | 35 | 2,034 |
Peabody Energy Corp. (a) | 14 | 328 |
REX American Resources Corp. * | 7 | 388 |
SM Energy Co. | 141 | 7,023 |
Teekay Tankers Ltd., Class A (Canada) | 31 | 1,797 |
Uranium Energy Corp. * | 198 | 1,339 |
40,803 | ||
Passenger Airlines — 0.5% | ||
Blade Air Mobility, Inc. * (a) | 213 | 606 |
JetBlue Airways Corp. * | 56 | 412 |
Joby Aviation, Inc. * (a) | 65 | 350 |
SkyWest, Inc. * | 57 | 3,970 |
5,338 | ||
Personal Care Products — 1.7% | ||
BellRing Brands, Inc. * | 70 | 4,148 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Personal Care Products — continued | ||
Edgewell Personal Care Co. | 10 | 368 |
elf Beauty, Inc. * | 38 | 7,541 |
Oddity Tech Ltd., Class A (Israel) * (a) | 96 | 4,153 |
USANA Health Sciences, Inc. * | 9 | 449 |
16,659 | ||
Pharmaceuticals — 1.4% | ||
Amylyx Pharmaceuticals, Inc. * | 139 | 395 |
ANI Pharmaceuticals, Inc. * | 11 | 794 |
Axsome Therapeutics, Inc. * (a) | 58 | 4,642 |
Esperion Therapeutics, Inc. * (a) | 602 | 1,614 |
Longboard Pharmaceuticals, Inc. * | 192 | 4,148 |
Prestige Consumer Healthcare, Inc. * | 13 | 945 |
Ventyx Biosciences, Inc. * (a) | 339 | 1,863 |
14,401 | ||
Professional Services — 2.6% | ||
ASGN, Inc. * | 29 | 2,988 |
Barrett Business Services, Inc. | 14 | 1,817 |
CACI International, Inc., Class A * | 11 | 4,050 |
CBIZ, Inc. * | 47 | 3,688 |
Huron Consulting Group, Inc. * | 29 | 2,834 |
KBR, Inc. | 44 | 2,805 |
Kforce, Inc. (a) | 28 | 1,959 |
TriNet Group, Inc. | 48 | 6,376 |
TrueBlue, Inc. * | 16 | 200 |
26,717 | ||
Real Estate Management & Development — 0.4% | ||
Anywhere Real Estate, Inc. * | 61 | 380 |
Cushman & Wakefield plc * | 154 | 1,610 |
Forestar Group, Inc. * | 34 | 1,370 |
Opendoor Technologies, Inc. * | 333 | 1,008 |
4,368 | ||
Residential REITs — 0.2% | ||
Independence Realty Trust, Inc. | 83 | 1,337 |
UMH Properties, Inc. | 41 | 667 |
Veris Residential, Inc. | 28 | 421 |
2,425 | ||
Retail REITs — 1.1% | ||
Agree Realty Corp. | 24 | 1,373 |
InvenTrust Properties Corp. | 55 | 1,416 |
Kimco Realty Corp. | 17 | 328 |
Kite Realty Group Trust | 89 | 1,924 |
Macerich Co. (The) | 112 | 1,929 |
Phillips Edison & Co., Inc. | 42 | 1,523 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Retail REITs — continued | ||
Retail Opportunity Investments Corp. | 136 | 1,740 |
SITE Centers Corp. | 65 | 960 |
11,193 | ||
Semiconductors & Semiconductor Equipment — 3.3% | ||
ACM Research, Inc., Class A * | 120 | 3,501 |
Axcelis Technologies, Inc. * | 7 | 758 |
Cirrus Logic, Inc. * | 10 | 948 |
Impinj, Inc. * (a) | 40 | 5,153 |
MACOM Technology Solutions Holdings, Inc. * | 17 | 1,635 |
MaxLinear, Inc. * | 173 | 3,224 |
Onto Innovation, Inc. * | 11 | 1,924 |
Rambus, Inc. * | 83 | 5,107 |
Semtech Corp. * | 94 | 2,587 |
SMART Global Holdings, Inc. * | 84 | 2,210 |
Ultra Clean Holdings, Inc. * | 40 | 1,866 |
Veeco Instruments, Inc. * | 117 | 4,105 |
33,018 | ||
Software — 5.8% | ||
Asana, Inc., Class A * (a) | 100 | 1,553 |
AvePoint, Inc. * (a) | 485 | 3,845 |
BlackLine, Inc. * | 36 | 2,322 |
Box, Inc., Class A * | 156 | 4,428 |
Braze, Inc., Class A * | 39 | 1,731 |
C3.ai, Inc., Class A * (a) | 19 | 526 |
CommVault Systems, Inc. * | 41 | 4,161 |
Domo, Inc., Class B * | 186 | 1,655 |
Envestnet, Inc. * | 38 | 2,188 |
LiveRamp Holdings, Inc. * | 122 | 4,190 |
MicroStrategy, Inc., Class A * | 8 | 13,911 |
Q2 Holdings, Inc. * | 27 | 1,432 |
Qualys, Inc. * | 22 | 3,743 |
Rapid7, Inc. * | 57 | 2,793 |
Riot Platforms, Inc. * (a) | 144 | 1,757 |
Sprout Social, Inc., Class A * (a) | 23 | 1,356 |
SPS Commerce, Inc. * | 7 | 1,345 |
Workiva, Inc. * | 40 | 3,359 |
Xperi, Inc. * | 137 | 1,650 |
Zuora, Inc., Class A * | 62 | 566 |
58,511 | ||
Specialized REITs — 0.3% | ||
PotlatchDeltic Corp. | 58 | 2,732 |
Uniti Group, Inc. | 89 | 525 |
3,257 | ||
Specialty Retail — 3.1% | ||
Abercrombie & Fitch Co., Class A * | 39 | 4,816 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Specialty Retail — continued | ||
Academy Sports & Outdoors, Inc. | 30 | 2,037 |
Asbury Automotive Group, Inc. * | 17 | 3,960 |
Beyond, Inc. * | 19 | 694 |
Boot Barn Holdings, Inc. * (a) | 22 | 2,058 |
Buckle, Inc. (The) | 36 | 1,456 |
Caleres, Inc. | 14 | 590 |
Carvana Co. * (a) | 24 | 2,147 |
EVgo, Inc. * (a) | 102 | 256 |
Group 1 Automotive, Inc. | 10 | 2,951 |
Haverty Furniture Cos., Inc. | 11 | 378 |
ODP Corp. (The) * | 30 | 1,564 |
Signet Jewelers Ltd. | 36 | 3,644 |
Urban Outfitters, Inc. * | 65 | 2,814 |
Valvoline, Inc. * | 48 | 2,134 |
31,499 | ||
Technology Hardware, Storage & Peripherals — 2.0% | ||
Super Micro Computer, Inc. * | 20 | 20,391 |
Turtle Beach Corp. * | 6 | 105 |
20,496 | ||
Textiles, Apparel & Luxury Goods — 0.7% | ||
Crocs, Inc. * | 25 | 3,610 |
G-III Apparel Group Ltd. * | 27 | 797 |
Steven Madden Ltd. | 54 | 2,266 |
6,673 | ||
Trading Companies & Distributors — 2.8% | ||
Applied Industrial Technologies, Inc. | 3 | 666 |
Beacon Roofing Supply, Inc. * | 38 | 3,758 |
BlueLinx Holdings, Inc. * | 9 | 1,134 |
Boise Cascade Co. | 19 | 2,867 |
DNOW, Inc. * | 238 | 3,621 |
GMS, Inc. * | 39 | 3,791 |
Herc Holdings, Inc. | 17 | 2,820 |
Hudson Technologies, Inc. * | 13 | 137 |
Rush Enterprises, Inc., Class A (a) | 89 | 4,779 |
Titan Machinery, Inc. * | 28 | 702 |
WESCO International, Inc. | 23 | 3,964 |
28,239 | ||
Water Utilities — 0.2% | ||
American States Water Co. | 27 | 1,912 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Wireless Telecommunication Services — 0.1% | ||
Gogo, Inc. * | 41 | 357 |
Telephone and Data Systems, Inc. | 16 | 267 |
624 | ||
Total Common Stocks (Cost $748,470) | 976,326 | |
Short-Term Investments — 6.1% | ||
Investment Companies — 1.1% | ||
JPMorgan Prime Money Market Fund Class IM Shares, 5.43% (b) (c) (Cost $11,145) | 11,142 | 11,146 |
Investment of Cash Collateral from Securities Loaned — 5.0% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.48% (b) (c) | 44,583 | 44,583 |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (b) (c) | 5,406 | 5,406 |
Total Investment of Cash Collateral from Securities Loaned (Cost $50,002) | 49,989 | |
Total Short-Term Investments (Cost $61,147) | 61,135 | |
Total Investments — 102.7% (Cost $809,617) | 1,037,461 | |
Liabilities in Excess of Other Assets — (2.7)% | (26,818 ) | |
NET ASSETS — 100.0% | 1,010,643 |
Percentages indicated are based on net assets. | ||
Amounts presented as a dash ("-") represent amounts that round to less than a thousand. |
Abbreviations | |
REIT | Real Estate Investment Trust |
‡ | Value determined using significant unobservable inputs. |
* | Non-income producing security. |
(a) | The security or a portion of this security is on loan at March 31, 2024. The total value of securities on loan at March 31, 2024 is $48,815. |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. |
(c) | The rate shown is the current yield as of March 31, 2024. |
Futures contracts outstanding as of March 31, 2024 (amounts in thousands, except number of contracts):
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
Russell 2000 E-Mini Index | 315 | 06/21/2024 | USD | 33,796 | 415 |
Abbreviations | |
USD | United States Dollar |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (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 Fund'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.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC 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.
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 Fund are calculated on a valuation date.
Investments in open-end investment companies (“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.
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 Fund's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund'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 (“SOI”):
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Investments in Securities | ||||
Common Stocks | ||||
Aerospace & Defense | $2,859 | $— | $— | $2,859 |
Air Freight & Logistics | 5,099 | — | — | 5,099 |
Automobile Components | 11,127 | — | — | 11,127 |
Banks | 83,007 | — | — | 83,007 |
Beverages | 6,942 | — | — | 6,942 |
Biotechnology | 82,880 | — | — (a) | 82,880 |
Broadline Retail | 1,391 | — | — | 1,391 |
Building Products | 19,429 | — | — | 19,429 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)(Dollar values in thousands)Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Capital Markets | $20,258 | $— | $— | $20,258 |
Chemicals | 13,153 | — | — | 13,153 |
Commercial Services & Supplies | 16,353 | — | — | 16,353 |
Communications Equipment | 1,736 | — | — | 1,736 |
Construction & Engineering | 39,290 | — | — | 39,290 |
Construction Materials | 4,136 | — | — | 4,136 |
Consumer Finance | 3,774 | — | — | 3,774 |
Consumer Staples Distribution & Retail | 8,256 | — | — | 8,256 |
Containers & Packaging | 1,941 | — | — | 1,941 |
Diversified Consumer Services | 9,129 | — | — | 9,129 |
Diversified REITs | 4,731 | — | — | 4,731 |
Diversified Telecommunication Services | 3,385 | — | — | 3,385 |
Electric Utilities | 7,754 | — | — | 7,754 |
Electrical Equipment | 15,430 | — | — | 15,430 |
Electronic Equipment, Instruments & Components | 12,798 | — | — | 12,798 |
Energy Equipment & Services | 24,005 | — | — | 24,005 |
Entertainment | 1,105 | — | — | 1,105 |
Financial Services | 36,074 | — | — | 36,074 |
Food Products | 11,195 | — | — | 11,195 |
Gas Utilities | 8,317 | — | — | 8,317 |
Ground Transportation | 4,701 | — | — | 4,701 |
Health Care Equipment & Supplies | 18,153 | — | — | 18,153 |
Health Care Providers & Services | 20,888 | — | — | 20,888 |
Health Care REITs | 4,662 | — | — | 4,662 |
Health Care Technology | 3,837 | — | — | 3,837 |
Hotel & Resort REITs | 8,774 | — | — | 8,774 |
Hotels, Restaurants & Leisure | 23,110 | — | — | 23,110 |
Household Durables | 23,137 | — | — | 23,137 |
Household Products | 561 | — | — | 561 |
Independent Power and Renewable Electricity Producers | 2,467 | — | — | 2,467 |
Industrial REITs | 5,922 | — | — | 5,922 |
Insurance | 7,134 | — | — | 7,134 |
Interactive Media & Services | 6,337 | — | — | 6,337 |
IT Services | 9,515 | — | — | 9,515 |
Leisure Products | 3,451 | — | — | 3,451 |
Life Sciences Tools & Services | 8,014 | — | — (a) | 8,014 |
Machinery | 18,209 | — | — | 18,209 |
Marine Transportation | 3,827 | — | — | 3,827 |
Media | 5,130 | — | — | 5,130 |
Metals & Mining | 19,781 | — | — | 19,781 |
Mortgage Real Estate Investment Trusts (REITs) | 6,082 | — | — | 6,082 |
Multi-Utilities | 4,456 | — | — | 4,456 |
Office REITs | 6,491 | — | — | 6,491 |
Oil, Gas & Consumable Fuels | 40,803 | — | — | 40,803 |
Passenger Airlines | 5,338 | — | — | 5,338 |
Personal Care Products | 16,659 | — | — | 16,659 |
Pharmaceuticals | 14,401 | — | — | 14,401 |
JPMorgan U.S. Small Company Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)(Dollar values in thousands)Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Professional Services | $26,717 | $— | $— | $26,717 |
Real Estate Management & Development | 4,368 | — | — | 4,368 |
Residential REITs | 2,425 | — | — | 2,425 |
Retail REITs | 11,193 | — | — | 11,193 |
Semiconductors & Semiconductor Equipment | 33,018 | — | — | 33,018 |
Software | 58,511 | — | — | 58,511 |
Specialized REITs | 3,257 | — | — | 3,257 |
Specialty Retail | 31,499 | — | — | 31,499 |
Technology Hardware, Storage & Peripherals | 20,496 | — | — | 20,496 |
Textiles, Apparel & Luxury Goods | 6,673 | — | — | 6,673 |
Trading Companies & Distributors | 28,239 | — | — | 28,239 |
Water Utilities | 1,912 | — | — | 1,912 |
Wireless Telecommunication Services | 624 | — | — | 624 |
Total Common Stocks | 976,326 | — | — (a) | 976,326 |
Short-Term Investments | ||||
Investment Companies | 11,146 | — | — | 11,146 |
Investment of Cash Collateral from Securities Loaned | 49,989 | — | — | 49,989 |
Total Short-Term Investments | 61,135 | — | — | 61,135 |
Total Investments in Securities | $1,037,461 | $— | $— (a) | $1,037,461 |
Appreciation in Other Financial Instruments | ||||
Futures Contracts | $415 | $— | $— | $415 |
(a) | Amount rounds to less than one thousand. |
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.
For the period ended March 31, 2024 | |||||||||
Security Description | Value at June 30, 2023 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation/ (Depreciation) | Value at March 31, 2024 | Shares at March 31, 2024 | Dividend Income | Capital Gain Distributions |
JPMorgan Prime Money Market Fund Class IM Shares, 5.43% (a) (b) | $14,703 | $203,243 | $206,809 | $8 | $1 | $11,146 | 11,142 | $778 | $— |
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.48% (a) (b) | 26,588 | 193,000 | 175,000 | 8 | (13 ) | 44,583 | 44,583 | 2,077 | — |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b) | 6,219 | 115,915 | 116,728 | — | — | 5,406 | 5,406 | 283 | — |
Total | $47,510 | $512,158 | $498,537 | $16 | $(12 ) | $61,135 | $3,138 | $— |
(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, 2024. |