JPMorgan Equity Index Fund
Schedule of Portfolio Investments as of March 31, 2023
(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., 2023. |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — 99.6% | ||
Aerospace & Defense — 1.7% | ||
Boeing Co. (The) * | 125 | 26,536 |
General Dynamics Corp. | 50 | 11,408 |
Howmet Aerospace, Inc. | 82 | 3,466 |
Huntington Ingalls Industries, Inc. | 9 | 1,833 |
L3Harris Technologies, Inc. | 42 | 8,300 |
Lockheed Martin Corp. | 51 | 23,860 |
Northrop Grumman Corp. | 32 | 14,756 |
Raytheon Technologies Corp. | 325 | 31,868 |
Textron, Inc. | 46 | 3,276 |
TransDigm Group, Inc. | 12 | 8,492 |
133,795 | ||
Air Freight & Logistics — 0.7% | ||
CH Robinson Worldwide, Inc. | 26 | 2,598 |
Expeditors International of Washington, Inc. | 35 | 3,893 |
FedEx Corp. | 52 | 11,786 |
United Parcel Service, Inc., Class B | 162 | 31,449 |
49,726 | ||
Automobile Components — 0.1% | ||
Aptiv plc * | 60 | 6,753 |
BorgWarner, Inc. | 52 | 2,554 |
9,307 | ||
Automobiles — 1.9% | ||
Ford Motor Co. | 870 | 10,959 |
General Motors Co. | 310 | 11,363 |
Tesla, Inc. * | 597 | 123,944 |
146,266 | ||
Banks — 3.1% | ||
Bank of America Corp. | 1,550 | 44,342 |
Citigroup, Inc. | 430 | 20,174 |
Citizens Financial Group, Inc. | 109 | 3,323 |
Comerica, Inc. (a) | 29 | 1,263 |
Fifth Third Bancorp | 152 | 4,044 |
First Republic Bank (a) | 41 | 577 |
Huntington Bancshares, Inc. | 321 | 3,590 |
JPMorgan Chase & Co. (b) | 652 | 84,906 |
KeyCorp | 207 | 2,596 |
M&T Bank Corp. | 38 | 4,496 |
PNC Financial Services Group, Inc. (The) | 89 | 11,322 |
Regions Financial Corp. | 208 | 3,851 |
Truist Financial Corp. | 295 | 10,051 |
US Bancorp | 310 | 11,157 |
Wells Fargo & Co. | 846 | 31,640 |
Zions Bancorp NA | 33 | 995 |
238,327 | ||
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Beverages — 1.8% | ||
Brown-Forman Corp., Class B | 41 | 2,611 |
Coca-Cola Co. (The) | 864 | 53,629 |
Constellation Brands, Inc., Class A | 36 | 8,147 |
Keurig Dr Pepper, Inc. | 189 | 6,659 |
Molson Coors Beverage Co., Class B | 42 | 2,158 |
Monster Beverage Corp. * | 169 | 9,139 |
PepsiCo, Inc. | 306 | 55,773 |
138,116 | ||
Biotechnology — 2.3% | ||
AbbVie, Inc. | 393 | 62,608 |
Amgen, Inc. | 119 | 28,675 |
Biogen, Inc. * | 32 | 8,894 |
Gilead Sciences, Inc. | 277 | 22,983 |
Incyte Corp. * | 41 | 2,971 |
Moderna, Inc. * | 73 | 11,272 |
Regeneron Pharmaceuticals, Inc. * | 24 | 19,622 |
Vertex Pharmaceuticals, Inc. * | 57 | 17,993 |
175,018 | ||
Broadline Retail — 2.8% | ||
Amazon.com, Inc. * | 1,980 | 204,553 |
eBay, Inc. | 121 | 5,349 |
Etsy, Inc. * | 28 | 3,108 |
213,010 | ||
Building Products — 0.4% | ||
A O Smith Corp. | 28 | 1,949 |
Allegion plc | 19 | 2,083 |
Carrier Global Corp. | 185 | 8,478 |
Johnson Controls International plc | 153 | 9,193 |
Masco Corp. | 50 | 2,487 |
Trane Technologies plc | 51 | 9,362 |
33,552 | ||
Capital Markets — 2.8% | ||
Ameriprise Financial, Inc. | 24 | 7,169 |
Bank of New York Mellon Corp. (The) | 163 | 7,424 |
BlackRock, Inc. | 33 | 22,259 |
Cboe Global Markets, Inc. | 24 | 3,163 |
Charles Schwab Corp. (The) | 339 | 17,748 |
CME Group, Inc. | 80 | 15,304 |
FactSet Research Systems, Inc. | 9 | 3,527 |
Franklin Resources, Inc. (a) | 63 | 1,707 |
Goldman Sachs Group, Inc. (The) | 75 | 24,606 |
Intercontinental Exchange, Inc. | 124 | 12,947 |
Invesco Ltd. | 101 | 1,657 |
MarketAxess Holdings, Inc. | 8 | 3,272 |
Moody's Corp. | 35 | 10,710 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Capital Markets — continued | ||
Morgan Stanley | 290 | 25,482 |
MSCI, Inc. | 18 | 9,941 |
Nasdaq, Inc. | 75 | 4,117 |
Northern Trust Corp. | 46 | 4,080 |
Raymond James Financial, Inc. | 43 | 4,016 |
S&P Global, Inc. | 73 | 25,212 |
State Street Corp. | 78 | 5,868 |
T. Rowe Price Group, Inc. | 50 | 5,625 |
215,834 | ||
Chemicals — 1.8% | ||
Air Products and Chemicals, Inc. | 49 | 14,169 |
Albemarle Corp. (a) | 26 | 5,752 |
Celanese Corp. | 22 | 2,413 |
CF Industries Holdings, Inc. | 44 | 3,159 |
Corteva, Inc. | 158 | 9,550 |
Dow, Inc. | 157 | 8,584 |
DuPont de Nemours, Inc. | 102 | 7,304 |
Eastman Chemical Co. | 26 | 2,226 |
Ecolab, Inc. | 55 | 9,112 |
FMC Corp. | 28 | 3,417 |
International Flavors & Fragrances, Inc. | 57 | 5,208 |
Linde plc | 109 | 38,889 |
LyondellBasell Industries NV, Class A | 57 | 5,297 |
Mosaic Co. (The) | 76 | 3,470 |
PPG Industries, Inc. | 52 | 6,974 |
Sherwin-Williams Co. (The) | 52 | 11,774 |
137,298 | ||
Commercial Services & Supplies — 0.5% | ||
Cintas Corp. | 19 | 8,877 |
Copart, Inc. * | 95 | 7,162 |
Republic Services, Inc. | 46 | 6,170 |
Rollins, Inc. | 51 | 1,930 |
Waste Management, Inc. | 83 | 13,462 |
37,601 | ||
Communications Equipment — 0.9% | ||
Arista Networks, Inc. * | 55 | 9,229 |
Cisco Systems, Inc. | 913 | 47,704 |
F5, Inc. * | 13 | 1,946 |
Juniper Networks, Inc. | 72 | 2,477 |
Motorola Solutions, Inc. | 37 | 10,627 |
71,983 | ||
Construction & Engineering — 0.1% | ||
Quanta Services, Inc. | 32 | 5,290 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Construction Materials — 0.1% | ||
Martin Marietta Materials, Inc. | 14 | 4,897 |
Vulcan Materials Co. | 29 | 5,065 |
9,962 | ||
Consumer Finance — 0.5% | ||
American Express Co. | 132 | 21,815 |
Capital One Financial Corp. | 85 | 8,145 |
Discover Financial Services | 59 | 5,862 |
Synchrony Financial | 97 | 2,823 |
38,645 | ||
Consumer Staples Distribution & Retail — 2.0% | ||
Costco Wholesale Corp. | 99 | 48,976 |
Dollar General Corp. | 50 | 10,452 |
Dollar Tree, Inc. * (a) | 46 | 6,630 |
Kroger Co. (The) | 145 | 7,144 |
Sysco Corp. | 113 | 8,708 |
Target Corp. | 102 | 16,936 |
Walgreens Boots Alliance, Inc. | 159 | 5,499 |
Walmart, Inc. | 311 | 45,932 |
150,277 | ||
Containers & Packaging — 0.3% | ||
Amcor plc | 330 | 3,756 |
Avery Dennison Corp. | 18 | 3,218 |
Ball Corp. | 70 | 3,843 |
International Paper Co. | 79 | 2,849 |
Packaging Corp. of America | 20 | 2,854 |
Sealed Air Corp. | 32 | 1,475 |
WestRock Co. | 57 | 1,724 |
19,719 | ||
Distributors — 0.1% | ||
Genuine Parts Co. | 31 | 5,239 |
LKQ Corp. | 56 | 3,200 |
Pool Corp. | 9 | 2,971 |
11,410 | ||
Diversified Telecommunication Services — 0.9% | ||
AT&T, Inc. | 1,583 | 30,480 |
Verizon Communications, Inc. | 933 | 36,283 |
66,763 | ||
Electric Utilities — 1.9% | ||
Alliant Energy Corp. | 56 | 2,978 |
American Electric Power Co., Inc. | 114 | 10,386 |
Constellation Energy Corp. | 73 | 5,702 |
Duke Energy Corp. | 171 | 16,501 |
Edison International | 85 | 5,988 |
Entergy Corp. | 45 | 4,870 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Electric Utilities — continued | ||
Evergy, Inc. | 51 | 3,116 |
Eversource Energy | 77 | 6,055 |
Exelon Corp. | 221 | 9,247 |
FirstEnergy Corp. | 121 | 4,834 |
NextEra Energy, Inc. | 441 | 34,025 |
NRG Energy, Inc. | 51 | 1,755 |
PG&E Corp. * | 358 | 5,783 |
Pinnacle West Capital Corp. | 25 | 1,992 |
PPL Corp. | 163 | 4,545 |
Southern Co. (The) | 242 | 16,827 |
Xcel Energy, Inc. | 122 | 8,198 |
142,802 | ||
Electrical Equipment — 0.6% | ||
AMETEK, Inc. | 51 | 7,414 |
Eaton Corp. plc | 88 | 15,137 |
Emerson Electric Co. | 127 | 11,061 |
Generac Holdings, Inc. * | 14 | 1,520 |
Rockwell Automation, Inc. | 26 | 7,482 |
42,614 | ||
Electronic Equipment, Instruments & Components — 0.6% | ||
Amphenol Corp., Class A | 132 | 10,794 |
CDW Corp. | 30 | 5,861 |
Corning, Inc. | 169 | 5,966 |
Keysight Technologies, Inc. * | 40 | 6,397 |
TE Connectivity Ltd. | 70 | 9,220 |
Teledyne Technologies, Inc. * | 10 | 4,658 |
Trimble, Inc. * | 55 | 2,872 |
Zebra Technologies Corp., Class A * | 12 | 3,647 |
49,415 | ||
Energy Equipment & Services — 0.4% | ||
Baker Hughes Co. | 223 | 6,449 |
Halliburton Co. | 201 | 6,354 |
Schlumberger NV | 316 | 15,490 |
28,293 | ||
Entertainment — 1.4% | ||
Activision Blizzard, Inc. | 158 | 13,540 |
Electronic Arts, Inc. | 58 | 6,970 |
Live Nation Entertainment, Inc. * | 32 | 2,217 |
Netflix, Inc. * | 99 | 34,178 |
Take-Two Interactive Software, Inc. * | 35 | 4,202 |
Walt Disney Co. (The) * | 406 | 40,633 |
Warner Bros Discovery, Inc. * | 491 | 7,412 |
109,152 | ||
Financial Services — 4.3% | ||
Berkshire Hathaway, Inc., Class B * | 400 | 123,579 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Financial Services — continued | ||
Fidelity National Information Services, Inc. | 132 | 7,161 |
Fiserv, Inc. * | 141 | 15,944 |
FleetCor Technologies, Inc. * | 16 | 3,454 |
Global Payments, Inc. | 59 | 6,150 |
Jack Henry & Associates, Inc. | 16 | 2,444 |
Mastercard, Inc., Class A | 188 | 68,111 |
PayPal Holdings, Inc. * | 251 | 19,085 |
Visa, Inc., Class A | 361 | 81,383 |
327,311 | ||
Food Products — 1.2% | ||
Archer-Daniels-Midland Co. | 121 | 9,681 |
Bunge Ltd. | 33 | 3,178 |
Campbell Soup Co. (a) | 44 | 2,450 |
Conagra Brands, Inc. | 106 | 3,977 |
General Mills, Inc. | 131 | 11,193 |
Hershey Co. (The) | 33 | 8,306 |
Hormel Foods Corp. | 64 | 2,566 |
J M Smucker Co. (The) | 24 | 3,728 |
Kellogg Co. | 57 | 3,807 |
Kraft Heinz Co. (The) | 177 | 6,839 |
Lamb Weston Holdings, Inc. | 32 | 3,340 |
McCormick & Co., Inc. (Non-Voting) (a) | 56 | 4,634 |
Mondelez International, Inc., Class A | 303 | 21,114 |
Tyson Foods, Inc., Class A | 63 | 3,764 |
88,577 | ||
Gas Utilities — 0.0% ^ | ||
Atmos Energy Corp. | 32 | 3,573 |
Ground Transportation — 0.8% | ||
CSX Corp. | 467 | 13,983 |
JB Hunt Transport Services, Inc. | 18 | 3,235 |
Norfolk Southern Corp. | 51 | 10,727 |
Old Dominion Freight Line, Inc. | 20 | 6,859 |
Union Pacific Corp. | 136 | 27,355 |
62,159 | ||
Health Care Equipment & Supplies — 2.9% | ||
Abbott Laboratories | 387 | 39,219 |
Align Technology, Inc. * | 16 | 5,392 |
Baxter International, Inc. | 112 | 4,547 |
Becton Dickinson & Co. | 63 | 15,611 |
Boston Scientific Corp. * | 318 | 15,918 |
Cooper Cos., Inc. (The) | 11 | 4,093 |
Dentsply Sirona, Inc. | 48 | 1,875 |
Dexcom, Inc. * | 86 | 9,973 |
Edwards Lifesciences Corp. * | 137 | 11,362 |
GE HealthCare Technologies, Inc. * | 81 | 6,616 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Health Care Equipment & Supplies — continued | ||
Hologic, Inc. * | 55 | 4,420 |
IDEXX Laboratories, Inc. * | 18 | 9,200 |
Insulet Corp. * | 15 | 4,921 |
Intuitive Surgical, Inc. * | 78 | 19,884 |
Medtronic plc | 296 | 23,822 |
ResMed, Inc. | 33 | 7,147 |
STERIS plc | 22 | 4,219 |
Stryker Corp. | 75 | 21,380 |
Teleflex, Inc. | 10 | 2,639 |
Zimmer Biomet Holdings, Inc. | 47 | 6,023 |
218,261 | ||
Health Care Providers & Services — 3.0% | ||
AmerisourceBergen Corp. | 36 | 5,755 |
Cardinal Health, Inc. | 57 | 4,321 |
Centene Corp. * | 122 | 7,733 |
Cigna Group (The) | 66 | 16,954 |
CVS Health Corp. | 285 | 21,197 |
DaVita, Inc. * | 12 | 990 |
Elevance Health, Inc. | 53 | 24,394 |
HCA Healthcare, Inc. | 47 | 12,420 |
Henry Schein, Inc. * | 30 | 2,455 |
Humana, Inc. | 28 | 13,477 |
Laboratory Corp. of America Holdings | 20 | 4,515 |
McKesson Corp. | 31 | 10,831 |
Molina Healthcare, Inc. * | 13 | 3,470 |
Quest Diagnostics, Inc. | 25 | 3,489 |
UnitedHealth Group, Inc. | 208 | 98,087 |
Universal Health Services, Inc., Class B | 14 | 1,811 |
231,899 | ||
Health Care REITs — 0.2% | ||
Healthpeak Properties, Inc. | 121 | 2,668 |
Ventas, Inc. | 89 | 3,852 |
Welltower, Inc. | 105 | 7,525 |
14,045 | ||
Hotel & Resort REITs — 0.0% ^ | ||
Host Hotels & Resorts, Inc. (a) | 159 | 2,619 |
Hotels, Restaurants & Leisure — 2.1% | ||
Booking Holdings, Inc. * | 9 | 22,853 |
Caesars Entertainment, Inc. * | 48 | 2,326 |
Carnival Corp. * (a) | 222 | 2,259 |
Chipotle Mexican Grill, Inc. * | 6 | 10,482 |
Darden Restaurants, Inc. | 27 | 4,195 |
Domino's Pizza, Inc. | 8 | 2,594 |
Expedia Group, Inc. * | 33 | 3,186 |
Hilton Worldwide Holdings, Inc. | 59 | 8,338 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Hotels, Restaurants & Leisure — continued | ||
Las Vegas Sands Corp. * | 73 | 4,194 |
Marriott International, Inc., Class A | 60 | 9,924 |
McDonald's Corp. | 163 | 45,492 |
MGM Resorts International | 70 | 3,105 |
Norwegian Cruise Line Holdings Ltd. * (a) | 93 | 1,259 |
Royal Caribbean Cruises Ltd. * | 49 | 3,184 |
Starbucks Corp. | 255 | 26,585 |
Wynn Resorts Ltd. * (a) | 23 | 2,563 |
Yum! Brands, Inc. | 62 | 8,215 |
160,754 | ||
Household Durables — 0.3% | ||
DR Horton, Inc. | 69 | 6,781 |
Garmin Ltd. | 34 | 3,437 |
Lennar Corp., Class A | 56 | 5,920 |
Mohawk Industries, Inc. * | 12 | 1,174 |
Newell Brands, Inc. | 84 | 1,040 |
NVR, Inc. * | 1 | 3,745 |
PulteGroup, Inc. | 50 | 2,921 |
Whirlpool Corp. | 12 | 1,598 |
26,616 | ||
Household Products — 1.5% | ||
Church & Dwight Co., Inc. | 54 | 4,789 |
Clorox Co. (The) | 27 | 4,342 |
Colgate-Palmolive Co. | 186 | 13,943 |
Kimberly-Clark Corp. | 75 | 10,063 |
Procter & Gamble Co. (The) | 524 | 77,921 |
111,058 | ||
Independent Power and Renewable Electricity Producers — 0.0% ^ | ||
AES Corp. (The) | 148 | 3,573 |
Industrial Conglomerates — 0.8% | ||
3M Co. | 122 | 12,854 |
General Electric Co. | 242 | 23,132 |
Honeywell International, Inc. | 149 | 28,366 |
64,352 | ||
Industrial REITs — 0.3% | ||
Prologis, Inc. | 205 | 25,584 |
Insurance — 2.1% | ||
Aflac, Inc. | 124 | 8,024 |
Allstate Corp. (The) | 59 | 6,474 |
American International Group, Inc. | 165 | 8,312 |
Aon plc, Class A | 46 | 14,386 |
Arch Capital Group Ltd. * | 82 | 5,576 |
Arthur J Gallagher & Co. | 47 | 9,013 |
Assurant, Inc. | 12 | 1,409 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Insurance — continued | ||
Brown & Brown, Inc. | 52 | 2,998 |
Chubb Ltd. | 92 | 17,903 |
Cincinnati Financial Corp. | 35 | 3,913 |
Everest Re Group Ltd. | 9 | 3,115 |
Globe Life, Inc. | 20 | 2,211 |
Hartford Financial Services Group, Inc. (The) | 70 | 4,878 |
Lincoln National Corp. | 34 | 769 |
Loews Corp. | 43 | 2,514 |
Marsh & McLennan Cos., Inc. | 110 | 18,313 |
MetLife, Inc. | 146 | 8,483 |
Principal Financial Group, Inc. (a) | 51 | 3,757 |
Progressive Corp. (The) | 130 | 18,587 |
Prudential Financial, Inc. | 82 | 6,764 |
Travelers Cos., Inc. (The) | 51 | 8,799 |
Willis Towers Watson plc | 24 | 5,511 |
WR Berkley Corp. | 45 | 2,817 |
164,526 | ||
Interactive Media & Services — 4.8% | ||
Alphabet, Inc., Class A * | 1,323 | 137,240 |
Alphabet, Inc., Class C * | 1,153 | 119,950 |
Match Group, Inc. * | 62 | 2,382 |
Meta Platforms, Inc., Class A * | 495 | 104,788 |
364,360 | ||
IT Services — 1.2% | ||
Accenture plc, Class A | 140 | 39,981 |
Akamai Technologies, Inc. * | 35 | 2,735 |
Cognizant Technology Solutions Corp., Class A | 113 | 6,889 |
DXC Technology Co. * | 51 | 1,293 |
EPAM Systems, Inc. * | 13 | 3,820 |
Gartner, Inc. * | 17 | 5,719 |
International Business Machines Corp. | 201 | 26,328 |
VeriSign, Inc. * | 20 | 4,300 |
91,065 | ||
Leisure Products — 0.0% ^ | ||
Hasbro, Inc. | 29 | 1,548 |
Life Sciences Tools & Services — 1.8% | ||
Agilent Technologies, Inc. | 66 | 9,092 |
Bio-Rad Laboratories, Inc., Class A * | 5 | 2,291 |
Bio-Techne Corp. | 35 | 2,592 |
Charles River Laboratories International, Inc. * | 11 | 2,281 |
Danaher Corp. | 146 | 36,698 |
Illumina, Inc. * | 35 | 8,126 |
IQVIA Holdings, Inc. * | 41 | 8,204 |
Mettler-Toledo International, Inc. * | 5 | 7,515 |
PerkinElmer, Inc. | 28 | 3,739 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Life Sciences Tools & Services — continued | ||
Thermo Fisher Scientific, Inc. | 87 | 50,214 |
Waters Corp. * | 13 | 4,086 |
West Pharmaceutical Services, Inc. | 16 | 5,698 |
140,536 | ||
Machinery — 1.8% | ||
Caterpillar, Inc. | 116 | 26,454 |
Cummins, Inc. | 31 | 7,498 |
Deere & Co. | 60 | 24,801 |
Dover Corp. | 31 | 4,715 |
Fortive Corp. | 78 | 5,344 |
IDEX Corp. | 17 | 3,871 |
Illinois Tool Works, Inc. | 62 | 15,013 |
Ingersoll Rand, Inc. | 90 | 5,233 |
Nordson Corp. | 12 | 2,654 |
Otis Worldwide Corp. | 92 | 7,778 |
PACCAR, Inc. | 116 | 8,488 |
Parker-Hannifin Corp. | 28 | 9,577 |
Pentair plc | 37 | 2,020 |
Snap-on, Inc. | 12 | 2,913 |
Stanley Black & Decker, Inc. (a) | 33 | 2,648 |
Westinghouse Air Brake Technologies Corp. | 40 | 4,083 |
Xylem, Inc. | 40 | 4,192 |
137,282 | ||
Media — 0.8% | ||
Charter Communications, Inc., Class A * | 23 | 8,367 |
Comcast Corp., Class A | 935 | 35,425 |
DISH Network Corp., Class A * (a) | 56 | 521 |
Fox Corp., Class A | 66 | 2,246 |
Fox Corp., Class B | 31 | 958 |
Interpublic Group of Cos., Inc. (The) | 86 | 3,214 |
News Corp., Class A | 85 | 1,467 |
News Corp., Class B | 26 | 456 |
Omnicom Group, Inc. | 45 | 4,248 |
Paramount Global, Class B | 112 | 2,503 |
59,405 | ||
Metals & Mining — 0.5% | ||
Freeport-McMoRan, Inc. | 318 | 12,989 |
Newmont Corp. | 176 | 8,643 |
Nucor Corp. | 56 | 8,682 |
Steel Dynamics, Inc. | 37 | 4,189 |
34,503 | ||
Multi-Utilities — 0.8% | ||
Ameren Corp. | 57 | 4,961 |
CenterPoint Energy, Inc. | 140 | 4,120 |
CMS Energy Corp. | 65 | 3,971 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Multi-Utilities — continued | ||
Consolidated Edison, Inc. | 79 | 7,542 |
Dominion Energy, Inc. | 185 | 10,349 |
DTE Energy Co. | 43 | 4,714 |
NiSource, Inc. | 90 | 2,522 |
Public Service Enterprise Group, Inc. | 111 | 6,922 |
Sempra Energy | 70 | 10,555 |
WEC Energy Group, Inc. | 70 | 6,642 |
62,298 | ||
Office REITs — 0.1% | ||
Alexandria Real Estate Equities, Inc. | 35 | 4,394 |
Boston Properties, Inc. (a) | 32 | 1,715 |
6,109 | ||
Oil, Gas & Consumable Fuels — 4.2% | ||
APA Corp. | 71 | 2,575 |
Chevron Corp. | 395 | 64,476 |
ConocoPhillips | 272 | 26,972 |
Coterra Energy, Inc. | 175 | 4,298 |
Devon Energy Corp. | 145 | 7,349 |
Diamondback Energy, Inc. | 41 | 5,518 |
EOG Resources, Inc. | 130 | 14,957 |
EQT Corp. | 82 | 2,602 |
Exxon Mobil Corp. | 915 | 100,312 |
Hess Corp. | 62 | 8,157 |
Kinder Morgan, Inc. | 439 | 7,695 |
Marathon Oil Corp. | 141 | 3,380 |
Marathon Petroleum Corp. | 101 | 13,598 |
Occidental Petroleum Corp. | 162 | 10,084 |
ONEOK, Inc. | 99 | 6,309 |
Phillips 66 | 103 | 10,494 |
Pioneer Natural Resources Co. | 53 | 10,780 |
Targa Resources Corp. | 50 | 3,668 |
Valero Energy Corp. | 86 | 11,955 |
Williams Cos., Inc. (The) | 271 | 8,079 |
323,258 | ||
Passenger Airlines — 0.2% | ||
Alaska Air Group, Inc. * | 28 | 1,189 |
American Airlines Group, Inc. * (a) | 145 | 2,132 |
Delta Air Lines, Inc. * | 142 | 4,974 |
Southwest Airlines Co. | 132 | 4,296 |
United Airlines Holdings, Inc. * | 73 | 3,213 |
15,804 | ||
Personal Care Products — 0.2% | ||
Estee Lauder Cos., Inc. (The), Class A | 51 | 12,684 |
Pharmaceuticals — 4.1% | ||
Bristol-Myers Squibb Co. | 472 | 32,735 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Pharmaceuticals — continued | ||
Catalent, Inc. * | 40 | 2,629 |
Eli Lilly & Co. | 175 | 60,163 |
Johnson & Johnson | 581 | 90,020 |
Merck & Co., Inc. | 563 | 59,919 |
Organon & Co. | 57 | 1,329 |
Pfizer, Inc. | 1,247 | 50,874 |
Viatris, Inc. | 269 | 2,592 |
Zoetis, Inc. | 104 | 17,232 |
317,493 | ||
Professional Services — 0.8% | ||
Automatic Data Processing, Inc. | 92 | 20,491 |
Broadridge Financial Solutions, Inc. | 26 | 3,832 |
CoStar Group, Inc. * | 90 | 6,220 |
Equifax, Inc. | 27 | 5,520 |
Jacobs Solutions, Inc. | 28 | 3,308 |
Leidos Holdings, Inc. | 31 | 2,795 |
Paychex, Inc. | 71 | 8,166 |
Robert Half International, Inc. | 24 | 1,928 |
Verisk Analytics, Inc. (a) | 35 | 6,665 |
58,925 | ||
Real Estate Management & Development — 0.1% | ||
CBRE Group, Inc., Class A * | 70 | 5,110 |
Residential REITs — 0.3% | ||
AvalonBay Communities, Inc. | 31 | 5,223 |
Camden Property Trust | 24 | 2,565 |
Equity Residential | 76 | 4,539 |
Essex Property Trust, Inc. | 14 | 3,001 |
Invitation Homes, Inc. | 129 | 4,030 |
Mid-America Apartment Communities, Inc. | 26 | 3,874 |
UDR, Inc. | 69 | 2,821 |
26,053 | ||
Retail REITs — 0.3% | ||
Federal Realty Investment Trust | 16 | 1,608 |
Kimco Realty Corp. | 138 | 2,683 |
Realty Income Corp. | 139 | 8,821 |
Regency Centers Corp. | 34 | 2,093 |
Simon Property Group, Inc. | 73 | 8,132 |
23,337 | ||
Semiconductors & Semiconductor Equipment — 6.4% | ||
Advanced Micro Devices, Inc. * | 358 | 35,104 |
Analog Devices, Inc. | 113 | 22,205 |
Applied Materials, Inc. | 187 | 23,003 |
Broadcom, Inc. | 93 | 59,553 |
Enphase Energy, Inc. * | 30 | 6,349 |
First Solar, Inc. * | 22 | 4,790 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Semiconductors & Semiconductor Equipment — continued | ||
Intel Corp. | 919 | 30,023 |
KLA Corp. | 31 | 12,279 |
Lam Research Corp. | 30 | 15,890 |
Microchip Technology, Inc. | 122 | 10,195 |
Micron Technology, Inc. | 242 | 14,626 |
Monolithic Power Systems, Inc. | 10 | 4,976 |
NVIDIA Corp. | 546 | 151,789 |
NXP Semiconductors NV (China) | 58 | 10,734 |
ON Semiconductor Corp. * | 96 | 7,899 |
Qorvo, Inc. * | 22 | 2,254 |
QUALCOMM, Inc. | 248 | 31,599 |
Skyworks Solutions, Inc. | 35 | 4,166 |
SolarEdge Technologies, Inc. * | 12 | 3,774 |
Teradyne, Inc. | 35 | 3,720 |
Texas Instruments, Inc. | 201 | 37,444 |
492,372 | ||
Software — 9.4% | ||
Adobe, Inc. * | 102 | 39,190 |
ANSYS, Inc. * | 19 | 6,440 |
Autodesk, Inc. * | 48 | 9,977 |
Cadence Design Systems, Inc. * | 61 | 12,802 |
Ceridian HCM Holding, Inc. * | 34 | 2,502 |
Fair Isaac Corp. * | 6 | 3,927 |
Fortinet, Inc. * | 144 | 9,573 |
Gen Digital, Inc. | 126 | 2,168 |
Intuit, Inc. | 62 | 27,822 |
Microsoft Corp. | 1,654 | 476,716 |
Oracle Corp. | 341 | 31,722 |
Paycom Software, Inc. * | 11 | 3,256 |
PTC, Inc. * | 24 | 3,032 |
Roper Technologies, Inc. | 24 | 10,382 |
Salesforce, Inc. * | 222 | 44,379 |
ServiceNow, Inc. * | 45 | 20,956 |
Synopsys, Inc. * | 34 | 13,077 |
Tyler Technologies, Inc. * | 9 | 3,280 |
721,201 | ||
Specialized REITs — 1.2% | ||
American Tower Corp. | 103 | 21,134 |
Crown Castle, Inc. | 96 | 12,873 |
Digital Realty Trust, Inc. | 64 | 6,279 |
Equinix, Inc. | 20 | 14,822 |
Extra Space Storage, Inc. (a) | 30 | 4,847 |
Iron Mountain, Inc. (a) | 65 | 3,417 |
Public Storage | 35 | 10,609 |
SBA Communications Corp. | 24 | 6,261 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Specialized REITs — continued | ||
VICI Properties, Inc. | 223 | 7,273 |
Weyerhaeuser Co. | 163 | 4,905 |
92,420 | ||
Specialty Retail — 2.2% | ||
Advance Auto Parts, Inc. | 13 | 1,601 |
AutoZone, Inc. * | 4 | 10,248 |
Bath & Body Works, Inc. | 51 | 1,856 |
Best Buy Co., Inc. | 44 | 3,424 |
CarMax, Inc. * (a) | 35 | 2,256 |
Home Depot, Inc. (The) | 226 | 66,815 |
Lowe's Cos., Inc. | 134 | 26,861 |
O'Reilly Automotive, Inc. * | 14 | 11,759 |
Ross Stores, Inc. | 76 | 8,119 |
TJX Cos., Inc. (The) | 257 | 20,114 |
Tractor Supply Co. | 25 | 5,767 |
Ulta Beauty, Inc. * | 11 | 6,168 |
164,988 | ||
Technology Hardware, Storage & Peripherals — 7.4% | ||
Apple, Inc. | 3,304 | 544,789 |
Hewlett Packard Enterprise Co. | 285 | 4,536 |
HP, Inc. | 192 | 5,635 |
NetApp, Inc. | 48 | 3,058 |
Seagate Technology Holdings plc (a) | 42 | 2,820 |
Western Digital Corp. * | 71 | 2,672 |
563,510 | ||
Textiles, Apparel & Luxury Goods — 0.5% | ||
NIKE, Inc., Class B | 277 | 33,936 |
Ralph Lauren Corp. (a) | 9 | 1,065 |
Tapestry, Inc. | 53 | 2,261 |
VF Corp. | 73 | 1,681 |
38,943 | ||
Tobacco — 0.7% | ||
Altria Group, Inc. | 397 | 17,698 |
Philip Morris International, Inc. | 344 | 33,489 |
51,187 | ||
Trading Companies & Distributors — 0.3% | ||
Fastenal Co. | 127 | 6,840 |
United Rentals, Inc. | 15 | 6,097 |
WW Grainger, Inc. | 10 | 6,881 |
19,818 | ||
Water Utilities — 0.1% | ||
American Water Works Co., Inc. | 43 | 6,279 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Wireless Telecommunication Services — 0.2% | ||
T-Mobile US, Inc. * | 132 | 19,057 |
Total Common Stocks (Cost $3,907,488) | 7,628,627 | |
NO. OF RIGHTS (000) | ||
Rights — 0.0% ^ | ||
Health Care Equipment & Supplies — 0.0% ^ | ||
ABIOMED, Inc., CVR ‡ * (Cost $10) | 9 | 10 |
SHARES (000) | ||
Short-Term Investments — 1.1% | ||
Investment Companies — 0.5% | ||
JPMorgan U.S. Government Money Market Fund Class Institutional Shares, 4.61% (c) (d) (Cost $35,426) | 35,426 | 35,426 |
Investment of Cash Collateral from Securities Loaned — 0.6% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.04% (c) (d) | 40,947 | 40,955 |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.68% (c) (d) | 5,128 | 5,128 |
Total Investment of Cash Collateral from Securities Loaned (Cost $46,083) | 46,083 | |
Total Short-Term Investments (Cost $81,509) | 81,509 | |
Total Investments — 100.7% (Cost $3,989,007) | 7,710,146 | |
Liabilities in Excess of Other Assets — (0.7)% | (55,562) | |
NET ASSETS — 100.0% | 7,654,584 | |
Percentages indicated are based on net assets. |
Abbreviations | |
CVR | Contingent Value Rights |
REIT | Real Estate Investment Trust |
^ | Amount rounds to less than 0.1% of net assets. | |
‡ | 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, 2023. The total value of securities on loan at March 31, 2023 is $45,743. | |
(b) | Investment in affiliate. This security is included in an index in which the Fund, as an index fund, tracks. | |
(c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(d) | The rate shown is the current yield as of March 31, 2023. | |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
Futures contracts outstanding as of March 31, 2023 (amounts in thousands, except number of contracts):
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
S&P 500 E-Mini Index | 188 | 06/16/2023 | USD | 38,876 | 2,108 |
Abbreviations | |
USD | United States Dollar |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
(Dollar values in thousands)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (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 | $7,628,627 | $— | $— | $7,628,627 |
Rights | — | — | 10 | 10 |
Short-Term Investments | ||||
Investment Companies | 35,426 | — | — | 35,426 |
Investment of Cash Collateral from Securities Loaned | 46,083 | — | — | 46,083 |
Total Short-Term Investments | 81,509 | — | — | 81,509 |
Total Investments in Securities | $7,710,136 | $— | $10 | $7,710,146 |
JPMorgan Equity Index Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
(Dollar values in thousands)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2023 (Unaudited) (continued)
(Dollar values in thousands)
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Appreciation in Other Financial Instruments | ||||
Futures Contracts | $2,108 | $— | $— | $2,108 |
B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds, which are 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, 2023 | |||||||||
Security Description | Value at June 30, 2022 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation/ (Depreciation) | Value at March 31, 2023 | Shares at March 31, 2023 | Dividend Income | Capital Gain Distributions |
JPMorgan Chase & Co. (a) | $74,662 | $10,183 | $11,218 | $(1,241 ) | $12,520 | $84,906 | 652 | $1,923 | $— |
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.04% (b) (c) | 4,403 | 572,999 | 536,500 | 53 | — (d) | 40,955 | 40,947 | 2,001 | — |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.68% (b) (c) | 1,597 | 433,276 | 429,745 | — | — | 5,128 | 5,128 | 293 | — |
JPMorgan U.S. Government Money Market Fund Class Institutional Shares, 4.61% (b) (c) | 45,597 | 690,997 | 701,168 | — | — | 35,426 | 35,426 | 693 | — |
Total | $126,259 | $1,707,455 | $1,678,631 | $(1,188 ) | $12,520 | $166,415 | $4,910 | $— | |
(a) | Investment in affiliate. This security is included in an index in which the Fund, as an index fund, tracks. |
(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, 2023. |
(d) | Amount rounds to less than one thousand. |