JPMorgan Trust IV NPORT-P JPMorgan Equity Premium Income Fund (Mar 2022 report)

JPMorgan Equity Premium Income Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2022 (Unaudited)

Investments	Shares (000)		Value ($000)
COMMON STOCKS — 83.7%
Aerospace & Defense — 0.7%
General Dynamics Corp.		27		6,585
Northrop Grumman Corp.		28		12,583
				19,168
Air Freight & Logistics — 1.3%
United Parcel Service, Inc., Class B		182		38,955
Banks — 1.1%
US Bancorp		458		24,317
Wells Fargo & Co.		182		8,836
				33,153
Beverages — 3.2%
Coca-Cola Co. (The)		657		40,742
Constellation Brands, Inc., Class A		63		14,527
PepsiCo, Inc.		225		37,666
				92,935
Biotechnology — 3.2%
AbbVie, Inc.		302		48,937
Regeneron Pharmaceuticals, Inc.*		27		19,192
Vertex Pharmaceuticals, Inc.*		94		24,499
				92,628
Building Products — 1.1%
Trane Technologies plc		205		31,249
Capital Markets — 1.9%
Intercontinental Exchange, Inc.		180		23,790
S&P Global, Inc.		78		31,813
				55,603
Chemicals — 3.2%
Air Products and Chemicals, Inc.		79		19,709
Corteva, Inc.		204		11,751
Ecolab, Inc.		49		8,633
Linde plc (United Kingdom)		122		38,980
PPG Industries, Inc.		100		13,161
				92,234
Consumer Finance — 0.3%
American Express Co.		54		10,078
Containers & Packaging — 0.6%
Avery Dennison Corp.		95		16,530
Diversified Financial Services — 1.1%
Berkshire Hathaway, Inc., Class B*		95		33,392
Diversified Telecommunication Services — 1.2%
Verizon Communications, Inc.		665		33,850
Electric Utilities — 4.3%
Alliant Energy Corp.		417		26,081
Evergy, Inc.		258		17,617
Exelon Corp.		705		33,598
FirstEnergy Corp.		365		16,733
NextEra Energy, Inc.		377		31,960
				125,989
Electrical Equipment — 1.1%
Eaton Corp. plc		205		31,074
Electronic Equipment, Instruments & Components — 0.5%
Keysight Technologies, Inc.*		89		14,064
Entertainment — 0.2%
Netflix, Inc.*		19		7,174
Equity Real Estate Investment Trusts (REITs) — 2.9%
Camden Property Trust		29		4,887
Equinix, Inc.		11		8,454
Mid-America Apartment Communities, Inc.		33		6,962
Prologis, Inc.		160		25,905
Public Storage		52		20,222
SBA Communications Corp.		12		4,231
Sun Communities, Inc.		83		14,516
				85,177
Food & Staples Retailing — 2.0%
Costco Wholesale Corp.		37		21,432
Walmart, Inc.		253		37,636
				59,068
Food Products — 2.9%
Archer-Daniels-Midland Co.		57		5,132
Hershey Co. (The)		191		41,382
Mondelez International, Inc., Class A		579		36,341
				82,855
Health Care Equipment & Supplies — 1.4%
Abbott Laboratories		271		32,021
Boston Scientific Corp.*		181		7,995
				40,016
Health Care Providers & Services — 2.1%
Anthem, Inc.		30		14,714
Centene Corp.*		55		4,606
UnitedHealth Group, Inc.		83		42,309
				61,629
Hotels, Restaurants & Leisure — 0.7%
McDonald’s Corp.		88		21,714
Household Products — 2.2%
Kimberly-Clark Corp.		223		27,479
Procter & Gamble Co. (The)		245		37,477
				64,956
Insurance — 4.4%
Arthur J Gallagher & Co.		227		39,579
Chubb Ltd.		38		8,147
Hartford Financial Services Group, Inc. (The)		170		12,193
Progressive Corp. (The)		396		45,113
Travelers Cos., Inc. (The)		128		23,332
				128,364
Interactive Media & Services — 1.4%
Alphabet, Inc., Class A*		15		41,512
Internet & Direct Marketing Retail — 1.2%
Amazon.com, Inc.*		10		33,936
IT Services — 6.3%
Accenture plc, Class A		110		37,134
Automatic Data Processing, Inc.		118		26,768
International Business Machines Corp.		56		7,337
Jack Henry & Associates, Inc.		202		39,880
Mastercard, Inc., Class A		112		40,186
Visa, Inc., Class A		156		34,510
				185,815

JPMorgan Equity Premium Income Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

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

Investments	Shares (000)		Value ($000)
Life Sciences Tools & Services — 1.4%
Thermo Fisher Scientific, Inc.		67		39,321
Machinery — 3.3%
Deere & Co.		90		37,338
Dover Corp.		227		35,694
Otis Worldwide Corp.		224		17,234
Stanley Black & Decker, Inc.		49		6,917
				97,183
Media — 1.8%
Charter Communications, Inc., Class A*		27		14,811
Comcast Corp., Class A		790		37,003
				51,814
Multiline Retail — 0.4%
Target Corp.		49		10,414
Multi-Utilities — 3.2%
Ameren Corp.		285		26,689
Consolidated Edison, Inc.		146		13,844
DTE Energy Co.		200		26,494
WEC Energy Group, Inc.		254		25,349
				92,376
Oil, Gas & Consumable Fuels — 2.4%
Chevron Corp.		121		19,782
Exxon Mobil Corp.		321		26,480
TC Energy Corp. (Canada)		415		23,393
				69,655
Pharmaceuticals — 4.5%
Bristol-Myers Squibb Co.		618		45,097
Eli Lilly & Co.		144		41,163
Johnson & Johnson		171		30,237
Merck & Co., Inc.		169		13,891
				130,388
Professional Services — 0.7%
Booz Allen Hamilton Holding Corp.		166		14,601
Leidos Holdings, Inc.		66		7,133
				21,734
Road & Rail — 4.0%
Norfolk Southern Corp.		139		39,527
Old Dominion Freight Line, Inc.		134		39,966
Union Pacific Corp.		133		36,217
				115,710
Semiconductors & Semiconductor Equipment — 1.8%
Analog Devices, Inc.		80		13,270
Texas Instruments, Inc.		213		39,006
				52,276
Software — 2.5%
Intuit, Inc.		58		27,794
Microsoft Corp.		141		43,608
				71,402
Specialty Retail — 2.8%
AutoZone, Inc.*		3		7,125
Lowe’s Cos., Inc.		165		33,407
O’Reilly Automotive, Inc.*		58		39,723
				80,255
Technology Hardware, Storage & Peripherals — 0.2%
Apple, Inc.		30		5,158
Textiles, Apparel & Luxury Goods — 0.8%
NIKE, Inc., Class B		164		22,091
Tobacco — 0.9%
Altria Group, Inc.		241		12,580
Philip Morris International, Inc.		143		13,432
				26,012
Wireless Telecommunication Services — 0.5%
T-Mobile US, Inc.*		115		14,741
TOTAL COMMON STOCKS (Cost $2,250,053)				2,433,648
	Principal Amount ($000)
EQUITY-LINKED NOTES — 14.9%
Barclays Bank plc, ELN, 57.05%, 5/2/2022, (linked to S&P 500 Index) (United Kingdom)(a)		10		44,665
BNP Paribas, ELN, 73.20%, 4/11/2022, (linked to S&P 500 Index) (France)(b)		10		43,296
BNP Paribas, ELN, 74.95%, 4/22/2022, (linked to S&P 500 Index) (France)(b)		11		42,800
Citigroup Global Markets Holdings, Inc., ELN, 65.10%, 4/25/2022, (linked to S&P 500 Index)(b)		9		38,793
Credit Suisse AG, ELN, 45.35%, 5/6/2022, (linked to S&P 500 Index) (Switzerland)(b)		10		48,128
Credit Suisse AG, ELN, 77.50%, 4/19/2022, (linked to S&P 500 Index) (Switzerland)(b)		11		44,150
GS Finance Corp., ELN, 55.12%, 4/29/2022, (linked to S&P 500 Index)(b)		10		45,122
GS Finance Corp., ELN, 80.30%, 4/18/2022, (linked to S&P 500 Index)(b)		11		37,592
Royal Bank of Canada, ELN, 50.05%, 5/9/2022, (linked to S&P 500 Index) (Canada)(b)		11		50,270
Royal Bank of Canada, ELN, 84.10%, 4/8/2022, (linked to S&P 500 Index) (Canada)(b)		9		38,752
TOTAL EQUITY-LINKED NOTES (Cost $448,851)				433,568

JPMorgan Equity Premium Income Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

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

Investments	Shares (000)		Value ($000)
SHORT-TERM INVESTMENTS — 2.0%
INVESTMENT COMPANIES — 2.0%
JPMorgan Prime Money Market Fund Class IM Shares, 0.32%(c)(d)(Cost $57,274)		57,263		57,274
Total Investments — 100.6% (Cost $2,756,178)				2,924,490
Liabilities in Excess of Other Assets — (0.6)%				(18,789	)
Net Assets — 100.0%				2,905,701

Percentages indicated are based on net assets.

JPMorgan Equity Premium Income Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

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

Abbreviations
ELN	Equity-Linked Note
(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(b)	Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(c)	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.
(d)	The rate shown is the current yield as of March 31, 2022.
*	Non-income producing security.

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
S&P 500 E-Mini Index		304		06/2022	USD		68,879		1,078

Abbreviations
USD	United States Dollar

JPMorgan Equity Premium Income Fund

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 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.

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 Fund’s investments. The Administrator implements the valuation policies of the Fund’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Fund. 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.

Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “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 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:

	Level 1 Quoted prices		Level 2 Other significant observable inputs		Level 3 Significant unobservable inputs		Total
Investments in Securities
Common Stocks		2,433,648		—		—		2,433,648
Equity-Linked Notes		—		433,568		—		433,568
Short-Term Investments
Investment Companies		57,274		—		—		57,274
Total Investments in Securities	$	2,490,922	$	433,568	$	—	$	2,924,490
Appreciation in Other Financial Instruments
Futures Contracts	$	1,078	$	—	$	—	$	1,078

B. Investment Transactions with Affiliates — The Fund invested in an Underlying Fund, which is advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuer listed in the table below to be an affiliated issuer. The Underlying Fund’s distributions may be reinvested into such Underlying Fund. Reinvestment amounts are included in the purchases at cost amount in the table below.

For the period ended March 31, 2022
Security Description	Value at June 30, 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 Prime Money Market Fund Class IM Shares, 0.32%(a)(b)	$	43,928	$	2,635,628	$	2,622,282	$	—	(c)	$	—	(c)	$	57,274		57,263	$	23	$	—

(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.