JPMorgan Insurance Trust Small Cap Core Portfolio
Schedule of Portfolio Investments as of September 30, 2022
(Unaudited)
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR SALES LITERATURE WITH THE GENERAL PUBLIC. The list is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by a prospectus. The list has been created from the books and records of the Fund. Holdings are available 60 days after the fund’s fiscal quarter, using a trade date accounting convention, by contacting the appropriate service center. The list is subject to change without notice. The list is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
JPMorgan Asset Management is the marketing name for the asset management business of J.P. Morgan Chase & Co. |
J.P. Morgan Distribution Services, Inc., member FINRA. |
© J.P. Morgan Chase & Co., 2022. |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — 98.7% | ||
Aerospace & Defense — 0.5% | ||
Maxar Technologies, Inc. | 9 | 165 |
Moog, Inc., Class A | 1 | 105 |
V2X, Inc. * | 14 | 492 |
762 | ||
Air Freight & Logistics — 1.1% | ||
Atlas Air Worldwide Holdings, Inc. * | 5 | 487 |
Forward Air Corp. | 2 | 180 |
Hub Group, Inc., Class A * | 12 | 821 |
Radiant Logistics, Inc. * | 28 | 162 |
1,650 | ||
Airlines — 0.1% | ||
Alaska Air Group, Inc. * | 5 | 196 |
Auto Components — 0.4% | ||
American Axle & Manufacturing Holdings, Inc. * | 34 | 232 |
Goodyear Tire & Rubber Co. (The) * | 26 | 263 |
Patrick Industries, Inc. | 4 | 188 |
683 | ||
Banks — 10.7% | ||
Amalgamated Financial Corp. | 7 | 149 |
Ameris Bancorp | 4 | 180 |
Associated Banc-Corp. | 3 | 60 |
Atlantic Union Bankshares Corp. | 3 | 91 |
Banc of California, Inc. | 4 | 61 |
Bancorp, Inc. (The) * | 4 | 97 |
Bank of NT Butterfield & Son Ltd. (The) (Bermuda) | 17 | 565 |
Business First Bancshares, Inc. | 6 | 138 |
Byline Bancorp, Inc. | 3 | 55 |
Cadence Bank | 13 | 335 |
Capital Bancorp, Inc. | 1 | 35 |
Capital City Bank Group, Inc. | 7 | 208 |
Capstar Financial Holdings, Inc. | 14 | 252 |
Cathay General Bancorp | 5 | 196 |
Central Pacific Financial Corp. | 2 | 39 |
Coastal Financial Corp. * | 3 | 115 |
Community Bank System, Inc. | 2 | 144 |
Community Trust Bancorp, Inc. | 1 | 27 |
ConnectOne Bancorp, Inc. | 29 | 666 |
Customers Bancorp, Inc. * | 9 | 265 |
CVB Financial Corp. | 26 | 658 |
Dime Community Bancshares, Inc. | 2 | 62 |
Enterprise Financial Services Corp. | 2 | 100 |
FB Financial Corp. | 2 | 80 |
Financial Institutions, Inc. | 7 | 159 |
First BanCorp (Puerto Rico) | 50 | 685 |
First Bancshares, Inc. (The) | 2 | 51 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Banks — continued | ||
First Bank | 2 | 26 |
First Citizens BancShares, Inc., Class A | — | 59 |
First Commonwealth Financial Corp. | 12 | 149 |
First Financial Bankshares, Inc. | 4 | 151 |
First Financial Corp. | 3 | 140 |
First Foundation, Inc. | 7 | 125 |
First Horizon Corp. | 27 | 619 |
First Internet Bancorp | 3 | 98 |
First Interstate BancSystem, Inc., Class A | 4 | 178 |
First Merchants Corp. | 4 | 147 |
First Western Financial, Inc. * | 1 | 15 |
FNB Corp. | 28 | 321 |
Glacier Bancorp, Inc. | 3 | 147 |
Great Southern Bancorp, Inc. | 1 | 40 |
Hancock Whitney Corp. | 10 | 463 |
Hanmi Financial Corp. | 5 | 131 |
HBT Financial, Inc. | 7 | 123 |
Heartland Financial USA, Inc. | 3 | 113 |
Heritage Commerce Corp. | 14 | 163 |
Home BancShares, Inc. | 11 | 257 |
Lakeland Bancorp, Inc. | 5 | 75 |
Mid Penn Bancorp, Inc. | 1 | 37 |
MidWestOne Financial Group, Inc. | 1 | 33 |
MVB Financial Corp. | — | 14 |
National Bank Holdings Corp., Class A | 2 | 67 |
OceanFirst Financial Corp. | 44 | 815 |
OFG Bancorp (Puerto Rico) | 16 | 402 |
Old National Bancorp | 36 | 600 |
Old Second Bancorp, Inc. | 22 | 288 |
Origin Bancorp, Inc. | 4 | 142 |
PacWest Bancorp | 9 | 209 |
Peapack-Gladstone Financial Corp. | 7 | 222 |
Peoples Bancorp, Inc. | 2 | 61 |
Popular, Inc. (Puerto Rico) | 18 | 1,326 |
QCR Holdings, Inc. | 4 | 199 |
Republic Bancorp, Inc., Class A | 1 | 31 |
Sierra Bancorp | 1 | 25 |
Signature Bank | 1 | 132 |
Silvergate Capital Corp., Class A * | 1 | 90 |
SmartFinancial, Inc. | 8 | 190 |
South Plains Financial, Inc. | 1 | 19 |
Southside Bancshares, Inc. | 2 | 74 |
SouthState Corp. | 9 | 676 |
TriCo Bancshares | 6 | 268 |
United Community Banks, Inc. | 5 | 182 |
Valley National Bancorp | 3 | 36 |
Veritex Holdings, Inc. | 12 | 327 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Banks — continued | ||
Washington Federal, Inc. | 5 | 141 |
Webster Financial Corp. | 2 | 95 |
Western Alliance Bancorp | 4 | 289 |
Wintrust Financial Corp. | 6 | 481 |
Zions Bancorp NA | 6 | 320 |
16,804 | ||
Beverages — 0.1% | ||
Coca-Cola Consolidated, Inc. | — | 185 |
Biotechnology — 8.5% | ||
2seventy bio, Inc. * | 31 | 445 |
Alector, Inc. * | 10 | 95 |
Allogene Therapeutics, Inc. * (a) | 10 | 105 |
Amicus Therapeutics, Inc. * | 93 | 973 |
AnaptysBio, Inc. * | 26 | 671 |
Arrowhead Pharmaceuticals, Inc. * | 11 | 354 |
Atara Biotherapeutics, Inc. * | 2 | 7 |
Beam Therapeutics, Inc. * | 7 | 324 |
Biohaven Pharmaceutical Holding Co. Ltd. * | 2 | 287 |
Bluebird Bio, Inc. * | 1 | 5 |
Blueprint Medicines Corp. * | 4 | 290 |
Bridgebio Pharma, Inc. * | 5 | 52 |
CareDx, Inc. * | 15 | 248 |
Catalyst Pharmaceuticals, Inc. * | 42 | 545 |
Chinook Therapeutics, Inc. * | 13 | 255 |
Coherus Biosciences, Inc. * | 13 | 126 |
CTI BioPharma Corp. * (a) | 29 | 168 |
Decibel Therapeutics, Inc. * (a) | 17 | 60 |
Enanta Pharmaceuticals, Inc. * | 10 | 514 |
Fate Therapeutics, Inc. * | 25 | 569 |
Intellia Therapeutics, Inc. * | 9 | 481 |
Invivyd, Inc. * (a) | 40 | 126 |
Jounce Therapeutics, Inc. * | 8 | 19 |
Kronos Bio, Inc. * | 14 | 46 |
Kura Oncology, Inc. * | 36 | 486 |
Kymera Therapeutics, Inc. * | 13 | 287 |
MeiraGTx Holdings plc * | 7 | 57 |
Myriad Genetics, Inc. * | 4 | 74 |
Natera, Inc. * | 5 | 210 |
PMV Pharmaceuticals, Inc. * (a) | 27 | 322 |
Prothena Corp. plc (Ireland) * | 2 | 152 |
PTC Therapeutics, Inc. * | 8 | 382 |
Relay Therapeutics, Inc. * | 33 | 728 |
REVOLUTION Medicines, Inc. * | 23 | 461 |
Sage Therapeutics, Inc. * | 4 | 168 |
Sarepta Therapeutics, Inc. * | 4 | 464 |
SpringWorks Therapeutics, Inc. * | 7 | 197 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Biotechnology — continued | ||
Sutro Biopharma, Inc. * | 2 | 13 |
Syndax Pharmaceuticals, Inc. * | 27 | 644 |
Travere Therapeutics, Inc. * | 30 | 729 |
Vericel Corp. * | 6 | 151 |
Xencor, Inc. * | 36 | 940 |
Y-mAbs Therapeutics, Inc. * | 1 | 13 |
13,243 | ||
Building Products — 0.8% | ||
Apogee Enterprises, Inc. | 4 | 149 |
Builders FirstSource, Inc. * | 6 | 358 |
Resideo Technologies, Inc. * | 5 | 93 |
UFP Industries, Inc. | 10 | 722 |
1,322 | ||
Capital Markets — 1.9% | ||
AssetMark Financial Holdings, Inc. * | 2 | 29 |
Blucora, Inc. * | 16 | 319 |
Cowen, Inc., Class A | 11 | 430 |
Donnelley Financial Solutions, Inc. * | 21 | 780 |
Focus Financial Partners, Inc., Class A * | 8 | 268 |
PJT Partners, Inc., Class A | 7 | 501 |
Stifel Financial Corp. | 6 | 288 |
Victory Capital Holdings, Inc., Class A | 8 | 187 |
Virtus Investment Partners, Inc. | 1 | 92 |
2,894 | ||
Chemicals — 1.6% | ||
AdvanSix, Inc. | 9 | 286 |
Avient Corp. | 10 | 306 |
Cabot Corp. | 9 | 568 |
Ecovyst, Inc. * | 6 | 50 |
HB Fuller Co. | 7 | 391 |
Ingevity Corp. * | 6 | 370 |
Minerals Technologies, Inc. | 2 | 118 |
Orion Engineered Carbons SA (Germany) | 20 | 263 |
Tronox Holdings plc, Class A | 13 | 164 |
2,516 | ||
Commercial Services & Supplies — 1.7% | ||
ABM Industries, Inc. | 33 | 1,262 |
ACCO Brands Corp. | 25 | 123 |
Brink's Co. (The) | 3 | 170 |
GEO Group, Inc. (The), REIT * | 36 | 274 |
HNI Corp. | 6 | 148 |
MillerKnoll, Inc. | 30 | 468 |
SP Plus Corp. * | 9 | 291 |
2,736 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Communications Equipment — 1.9% | ||
Calix, Inc. * | 11 | 648 |
CommScope Holding Co., Inc. * | 195 | 1,797 |
Extreme Networks, Inc. * | 40 | 523 |
2,968 | ||
Construction & Engineering — 2.2% | ||
Argan, Inc. | 21 | 656 |
Comfort Systems USA, Inc. | 9 | 896 |
EMCOR Group, Inc. | 8 | 909 |
Great Lakes Dredge & Dock Corp. * | 13 | 99 |
MasTec, Inc. * | 8 | 533 |
Primoris Services Corp. | 14 | 218 |
Sterling Infrastructure, Inc. * | 7 | 159 |
3,470 | ||
Construction Materials — 0.1% | ||
Summit Materials, Inc., Class A * | 9 | 218 |
Consumer Finance — 0.3% | ||
Encore Capital Group, Inc. * | 12 | 523 |
Containers & Packaging — 0.2% | ||
Greif, Inc., Class A | 3 | 155 |
O-I Glass, Inc. * | 12 | 162 |
317 | ||
Diversified Consumer Services — 0.8% | ||
Chegg, Inc. * | 56 | 1,193 |
WW International, Inc. * | 6 | 23 |
1,216 | ||
Diversified Telecommunication Services — 0.9% | ||
Bandwidth, Inc., Class A * | 20 | 235 |
EchoStar Corp., Class A * | 8 | 137 |
IDT Corp., Class B * | 17 | 420 |
Liberty Latin America Ltd., Class A (Chile) * | 20 | 123 |
Liberty Latin America Ltd., Class C (Chile) * | 18 | 111 |
Ooma, Inc. * | 30 | 369 |
1,395 | ||
Electric Utilities — 0.7% | ||
IDACORP, Inc. | 3 | 327 |
Portland General Electric Co. | 14 | 603 |
Via Renewables, Inc. | 29 | 199 |
1,129 | ||
Electrical Equipment — 1.6% | ||
Atkore, Inc. * | 11 | 852 |
AZZ, Inc. | 7 | 259 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Electrical Equipment — continued | ||
Bloom Energy Corp., Class A * (a) | 13 | 268 |
Encore Wire Corp. | 10 | 1,155 |
2,534 | ||
Electronic Equipment, Instruments & Components — 1.5% | ||
Benchmark Electronics, Inc. | 29 | 714 |
Fabrinet (Thailand) * | 2 | 210 |
OSI Systems, Inc. * | 6 | 396 |
ScanSource, Inc. * | 6 | 161 |
TTM Technologies, Inc. * | 61 | 808 |
2,289 | ||
Energy Equipment & Services — 1.0% | ||
ChampionX Corp. | 25 | 480 |
National Energy Services Reunited Corp. * | 8 | 48 |
NexTier Oilfield Solutions, Inc. * | 54 | 403 |
Patterson-UTI Energy, Inc. | 19 | 227 |
Select Energy Services, Inc., Class A * | 43 | 297 |
Solaris Oilfield Infrastructure, Inc., Class A | 18 | 170 |
1,625 | ||
Entertainment — 0.4% | ||
Cinemark Holdings, Inc. * | 17 | 211 |
IMAX Corp. * | 9 | 121 |
Lions Gate Entertainment Corp., Class A * | 38 | 285 |
617 | ||
Equity Real Estate Investment Trusts (REITs) — 5.0% | ||
Agree Realty Corp. | 11 | 764 |
Alexander & Baldwin, Inc. | 13 | 217 |
American Assets Trust, Inc. | 2 | 51 |
Apple Hospitality REIT, Inc. | 26 | 371 |
Armada Hoffler Properties, Inc. | 11 | 116 |
Broadstone Net Lease, Inc. | 7 | 115 |
Centerspace | 1 | 67 |
Community Healthcare Trust, Inc. | 2 | 52 |
Corporate Office Properties Trust | 8 | 195 |
DiamondRock Hospitality Co. | 5 | 37 |
Equity Commonwealth | 17 | 409 |
Essential Properties Realty Trust, Inc. | 6 | 123 |
First Industrial Realty Trust, Inc. | 7 | 305 |
Four Corners Property Trust, Inc. | 3 | 65 |
Getty Realty Corp. | 6 | 156 |
Gladstone Commercial Corp. | 6 | 93 |
Global Medical REIT, Inc. | 4 | 35 |
Healthcare Realty Trust, Inc. | 25 | 519 |
Highwoods Properties, Inc. | 1 | 30 |
Independence Realty Trust, Inc. | 12 | 196 |
Kite Realty Group Trust | 29 | 494 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Equity Real Estate Investment Trusts (REITs) — continued | ||
National Storage Affiliates Trust | 12 | 506 |
Paramount Group, Inc. | 14 | 89 |
Phillips Edison & Co., Inc. | 7 | 199 |
Physicians Realty Trust | 16 | 238 |
Piedmont Office Realty Trust, Inc., Class A | 14 | 146 |
Plymouth Industrial REIT, Inc. | 3 | 44 |
PotlatchDeltic Corp. | 10 | 392 |
Retail Opportunity Investments Corp. | 18 | 252 |
RLJ Lodging Trust | 4 | 43 |
Ryman Hospitality Properties, Inc. | 3 | 250 |
Sabra Health Care REIT, Inc. | 5 | 72 |
SITE Centers Corp. | 36 | 381 |
STAG Industrial, Inc. | 5 | 128 |
Terreno Realty Corp. | 5 | 262 |
UMH Properties, Inc. | 3 | 50 |
Xenia Hotels & Resorts, Inc. | 23 | 321 |
7,783 | ||
Food & Staples Retailing — 1.7% | ||
Andersons, Inc. (The) | 11 | 335 |
BJ's Wholesale Club Holdings, Inc. * | 14 | 1,056 |
SpartanNash Co. | 26 | 743 |
Sprouts Farmers Market, Inc. * | 16 | 447 |
2,581 | ||
Food Products — 0.4% | ||
Darling Ingredients, Inc. * | 10 | 688 |
Gas Utilities — 1.1% | ||
Brookfield Infrastructure Corp., Class A (Canada) | 9 | 358 |
Chesapeake Utilities Corp. | 3 | 335 |
New Jersey Resources Corp. | 3 | 116 |
ONE Gas, Inc. | 5 | 352 |
Southwest Gas Holdings, Inc. | 5 | 390 |
Spire, Inc. | 4 | 231 |
1,782 | ||
Health Care Equipment & Supplies — 4.4% | ||
Alphatec Holdings, Inc. * | 59 | 517 |
Axonics, Inc. * | 24 | 1,713 |
Cutera, Inc. * | 7 | 314 |
Heska Corp. * | 3 | 190 |
Inogen, Inc. * | 2 | 36 |
Inspire Medical Systems, Inc. * | 5 | 825 |
iRhythm Technologies, Inc. * | 4 | 551 |
NuVasive, Inc. * | 12 | 548 |
Omnicell, Inc. * | 5 | 418 |
Orthofix Medical, Inc. * | 16 | 313 |
Outset Medical, Inc. * | 3 | 51 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Health Care Equipment & Supplies — continued | ||
QuidelOrtho Corp. * | 4 | 302 |
Shockwave Medical, Inc. * | 3 | 862 |
SI-BONE, Inc. * | 13 | 223 |
6,863 | ||
Health Care Providers & Services — 3.0% | ||
AdaptHealth Corp. * | 55 | 1,027 |
Fulgent Genetics, Inc. * | 7 | 252 |
HealthEquity, Inc. * | 14 | 974 |
Joint Corp. (The) * | 6 | 101 |
LHC Group, Inc. * | 1 | 180 |
ModivCare, Inc. * | 4 | 429 |
National HealthCare Corp. | 3 | 196 |
Option Care Health, Inc. * | 28 | 869 |
Progyny, Inc. * | 17 | 622 |
4,650 | ||
Health Care Technology — 1.2% | ||
Allscripts Healthcare Solutions, Inc. * | 28 | 433 |
Health Catalyst, Inc. * | 35 | 342 |
NextGen Healthcare, Inc. * | 48 | 841 |
Schrodinger, Inc. * | 11 | 262 |
1,878 | ||
Hotels, Restaurants & Leisure — 2.1% | ||
Bloomin' Brands, Inc. | 22 | 394 |
Bluegreen Vacations Holding Corp. | 6 | 101 |
Boyd Gaming Corp. | 3 | 143 |
Brinker International, Inc. * | 1 | 35 |
Dine Brands Global, Inc. | 4 | 260 |
Everi Holdings, Inc. * | 24 | 397 |
Hilton Grand Vacations, Inc. * | 11 | 352 |
Marriott Vacations Worldwide Corp. | 4 | 500 |
RCI Hospitality Holdings, Inc. | 2 | 111 |
SeaWorld Entertainment, Inc. * | 23 | 1,033 |
3,326 | ||
Household Durables — 1.0% | ||
Helen of Troy Ltd. * | 2 | 145 |
Lifetime Brands, Inc. | 17 | 114 |
Meritage Homes Corp. * | 2 | 169 |
Sonos, Inc. * | 14 | 189 |
Taylor Morrison Home Corp. * | 23 | 543 |
Tri Pointe Homes, Inc. * | 27 | 414 |
Tupperware Brands Corp. * | 5 | 35 |
1,609 | ||
Household Products — 0.5% | ||
Central Garden & Pet Co., Class A * | 24 | 803 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Independent Power and Renewable Electricity Producers — 0.9% | ||
Clearway Energy, Inc. | 11 | 326 |
Clearway Energy, Inc., Class C | 30 | 965 |
Vistra Corp. | 4 | 74 |
1,365 | ||
Insurance — 0.8% | ||
American Equity Investment Life Holding Co. | 1 | 26 |
Employers Holdings, Inc. | 2 | 62 |
Kinsale Capital Group, Inc. | 1 | 396 |
RLI Corp. | 7 | 696 |
1,180 | ||
Interactive Media & Services — 1.0% | ||
Bumble, Inc., Class A * | 6 | 125 |
Cars.com, Inc. * | 16 | 192 |
Shutterstock, Inc. | 6 | 286 |
Yelp, Inc. * | 14 | 488 |
Ziff Davis, Inc. * | 7 | 466 |
1,557 | ||
Internet & Direct Marketing Retail — 0.0% ^ | ||
Overstock.com, Inc. * | 2 | 49 |
IT Services — 2.5% | ||
CSG Systems International, Inc. | 21 | 1,116 |
DigitalOcean Holdings, Inc. * (a) | 15 | 535 |
Information Services Group, Inc. | 109 | 517 |
International Money Express, Inc. * | 33 | 765 |
Perficient, Inc. * | 5 | 299 |
TTEC Holdings, Inc. | 11 | 492 |
Unisys Corp. * | 19 | 143 |
3,867 | ||
Life Sciences Tools & Services — 0.1% | ||
Adaptive Biotechnologies Corp. * | 4 | 25 |
Quanterix Corp. * | 6 | 67 |
92 | ||
Machinery — 1.6% | ||
Columbus McKinnon Corp. | 11 | 293 |
Mueller Industries, Inc. | 8 | 464 |
Terex Corp. | 15 | 452 |
Wabash National Corp. | 4 | 65 |
Watts Water Technologies, Inc., Class A | 10 | 1,169 |
2,443 | ||
Media — 0.4% | ||
Gray Television, Inc. | 14 | 200 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Media — continued | ||
Sinclair Broadcast Group, Inc., Class A | 11 | 194 |
Thryv Holdings, Inc. * | 11 | 258 |
652 | ||
Metals & Mining — 1.0% | ||
Alpha Metallurgical Resources, Inc. | 1 | 178 |
Arconic Corp. * | 14 | 230 |
ATI, Inc. * | 3 | 85 |
Coeur Mining, Inc. * | 19 | 64 |
Commercial Metals Co. | 19 | 685 |
Constellium SE * | 22 | 227 |
Olympic Steel, Inc. | 2 | 34 |
Schnitzer Steel Industries, Inc., Class A | 4 | 110 |
1,613 | ||
Mortgage Real Estate Investment Trusts (REITs) — 1.6% | ||
Arbor Realty Trust, Inc. | 11 | 120 |
Ares Commercial Real Estate Corp. | 33 | 339 |
Blackstone Mortgage Trust, Inc., Class A | 26 | 593 |
Dynex Capital, Inc. | 30 | 353 |
Ellington Financial, Inc. | 4 | 50 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 1 | 33 |
KKR Real Estate Finance Trust, Inc. | 34 | 557 |
Ladder Capital Corp. | 24 | 210 |
Ready Capital Corp. | 10 | 103 |
Redwood Trust, Inc. | 7 | 42 |
TPG RE Finance Trust, Inc. | 4 | 30 |
2,430 | ||
Multiline Retail — 0.4% | ||
Dillard's, Inc., Class A (a) | 3 | 682 |
Multi-Utilities — 0.2% | ||
NorthWestern Corp. | 1 | 69 |
Unitil Corp. | 5 | 209 |
278 | ||
Oil, Gas & Consumable Fuels — 4.1% | ||
Antero Resources Corp. * | 1 | 18 |
Arch Resources, Inc. | 4 | 409 |
Berry Corp. | 5 | 38 |
Chord Energy Corp. | 2 | 287 |
CNX Resources Corp. * | 8 | 131 |
CONSOL Energy, Inc. | 2 | 154 |
CVR Energy, Inc. | 8 | 217 |
Delek US Holdings, Inc. | 4 | 115 |
Green Plains, Inc. * | 8 | 238 |
Magnolia Oil & Gas Corp., Class A | 20 | 394 |
Matador Resources Co. | 16 | 793 |
Murphy Oil Corp. | 8 | 267 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Oil, Gas & Consumable Fuels — continued | ||
Ovintiv, Inc. | 24 | 1,103 |
PBF Energy, Inc., Class A * | 9 | 303 |
PDC Energy, Inc. | 12 | 711 |
Peabody Energy Corp. * | 7 | 179 |
REX American Resources Corp. * | 4 | 98 |
SM Energy Co. | 13 | 485 |
Southwestern Energy Co. * | 73 | 449 |
6,389 | ||
Paper & Forest Products — 0.1% | ||
Louisiana-Pacific Corp. | 3 | 159 |
Personal Products — 1.7% | ||
Edgewell Personal Care Co. | 17 | 643 |
elf Beauty, Inc. * | 15 | 564 |
Herbalife Nutrition Ltd. * | 42 | 838 |
Medifast, Inc. | 6 | 607 |
2,652 | ||
Pharmaceuticals — 2.1% | ||
Aclaris Therapeutics, Inc. * | 29 | 461 |
Arvinas, Inc. * | 11 | 507 |
Axsome Therapeutics, Inc. * | 18 | 808 |
Cara Therapeutics, Inc. * | 6 | 51 |
NGM Biopharmaceuticals, Inc. * | 13 | 177 |
Phibro Animal Health Corp., Class A | 4 | 47 |
Revance Therapeutics, Inc. * | 46 | 1,242 |
3,293 | ||
Professional Services — 2.6% | ||
Barrett Business Services, Inc. | 13 | 1,030 |
Heidrick & Struggles International, Inc. | 9 | 221 |
KBR, Inc. | 17 | 752 |
Kelly Services, Inc., Class A | 35 | 483 |
Kforce, Inc. | 7 | 387 |
Korn Ferry | 17 | 798 |
TriNet Group, Inc. * | 5 | 370 |
4,041 | ||
Real Estate Management & Development — 0.6% | ||
Anywhere Real Estate, Inc. * | 9 | 73 |
Cushman & Wakefield plc * | 32 | 372 |
Jones Lang LaSalle, Inc. * | 1 | 109 |
Kennedy-Wilson Holdings, Inc. | 23 | 359 |
RMR Group, Inc. (The), Class A | 2 | 35 |
948 | ||
Road & Rail — 0.5% | ||
ArcBest Corp. | 11 | 775 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Semiconductors & Semiconductor Equipment — 2.9% | ||
Alpha & Omega Semiconductor Ltd. * | 14 | 433 |
Ambarella, Inc. * | 2 | 107 |
Amkor Technology, Inc. | 24 | 406 |
Diodes, Inc. * | 3 | 195 |
MaxLinear, Inc. * | 6 | 186 |
PDF Solutions, Inc. * | 5 | 132 |
Power Integrations, Inc. | 5 | 334 |
Rambus, Inc. * | 4 | 109 |
Semtech Corp. * | 6 | 168 |
Silicon Laboratories, Inc. * | 15 | 1,913 |
SMART Global Holdings, Inc. * | 23 | 359 |
Synaptics, Inc. * | 1 | 50 |
Ultra Clean Holdings, Inc. * | 8 | 211 |
4,603 | ||
Software — 4.5% | ||
Asana, Inc., Class A * | 12 | 273 |
Avaya Holdings Corp. * (a) | 25 | 40 |
Blackline, Inc. * | 2 | 132 |
Box, Inc., Class A * | 14 | 337 |
Cerence, Inc. * | 3 | 42 |
CommVault Systems, Inc. * | 16 | 859 |
Consensus Cloud Solutions, Inc. * | 2 | 102 |
Digital Turbine, Inc. * | 7 | 95 |
eGain Corp. * | 94 | 690 |
EverCommerce, Inc. * | 23 | 246 |
LiveRamp Holdings, Inc. * | 14 | 256 |
Marathon Digital Holdings, Inc.��* (a) | 10 | 110 |
MicroStrategy, Inc., Class A * | — | 53 |
PagerDuty, Inc. * | 9 | 217 |
Paycor HCM, Inc. * | 10 | 297 |
Qualys, Inc. * | 5 | 725 |
Riot Blockchain, Inc. * (a) | 23 | 161 |
Sprout Social, Inc., Class A * | 3 | 200 |
SPS Commerce, Inc. * | 1 | 75 |
Tenable Holdings, Inc. * | 3 | 111 |
Verint Systems, Inc. * | 38 | 1,269 |
Workiva, Inc. * | 1 | 47 |
Xperi Holding Corp. | 25 | 348 |
Zuora, Inc., Class A * | 42 | 311 |
6,996 | ||
Specialty Retail — 1.4% | ||
Aaron's Co., Inc. (The) | 3 | 30 |
Academy Sports & Outdoors, Inc. | 11 | 456 |
Genesco, Inc. * | 2 | 67 |
Hibbett, Inc. | 7 | 344 |
ODP Corp. (The) * | 3 | 97 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | SHARES (000) | VALUE ($000) |
Common Stocks — continued | ||
Specialty Retail — continued | ||
Rent-A-Center, Inc. | 23 | 411 |
Signet Jewelers Ltd. | 11 | 640 |
Zumiez, Inc. * | 8 | 170 |
2,215 | ||
Technology Hardware, Storage & Peripherals — 0.7% | ||
Avid Technology, Inc. * | 11 | 249 |
Super Micro Computer, Inc. * | 16 | 886 |
1,135 | ||
Textiles, Apparel & Luxury Goods — 1.5% | ||
Crocs, Inc. * | 10 | 700 |
Deckers Outdoor Corp. * | 4 | 1,399 |
G-III Apparel Group Ltd. * | 3 | 37 |
Kontoor Brands, Inc. | 7 | 219 |
PLBY Group, Inc. * (a) | 7 | 30 |
2,385 | ||
Thrifts & Mortgage Finance — 2.0% | ||
Axos Financial, Inc. * | 6 | 212 |
Essent Group Ltd. | 21 | 711 |
Kearny Financial Corp. | 12 | 128 |
Luther Burbank Corp. | 5 | 52 |
Merchants Bancorp | 4 | 81 |
MGIC Investment Corp. | 20 | 255 |
Mr. Cooper Group, Inc. * | 3 | 126 |
NMI Holdings, Inc., Class A * | 15 | 314 |
Provident Bancorp, Inc. | 7 | 103 |
Radian Group, Inc. | 53 | 1,024 |
Walker & Dunlop, Inc. | 1 | 109 |
3,115 | ||
Trading Companies & Distributors — 4.1% | ||
Applied Industrial Technologies, Inc. | 2 | 216 |
Beacon Roofing Supply, Inc. * | 5 | 241 |
BlueLinx Holdings, Inc. * | 4 | 255 |
Boise Cascade Co. | 4 | 254 |
GATX Corp. | 2 | 128 |
GMS, Inc. * | 23 | 919 |
Herc Holdings, Inc. | 4 | 447 |
MRC Global, Inc. * | 36 | 260 |
NOW, Inc. * | 81 | 813 |
Rush Enterprises, Inc., Class A | 29 | 1,250 |
Titan Machinery, Inc. * | 3 | 87 |
Veritiv Corp. * | 6 | 596 |
WESCO International, Inc. * | 8 | 979 |
6,445 | ||
Total Common Stocks (Cost $153,088) | 154,614 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
INVESTMENTS | NO. OF RIGHTS (000) | VALUE ($000) |
Rights — 0.0% ^ | ||
Pharmaceuticals — 0.0% ^ | ||
Contra Aduro Biotech I ‡ *(Cost $53) | 21 | — |
SHARES (000) | ||
Short-Term Investments — 3.0% | ||
Investment Companies — 1.7% | ||
JPMorgan U.S. Government Money Market Fund Class Institutional Shares, 2.70% (b) (c) (Cost $2,708) | 2,708 | 2,708 |
Investment of Cash Collateral from Securities Loaned — 1.3% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 2.71% (b) (c) | 1,692 | 1,692 |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 2.73% (b) (c) | 251 | 251 |
Total Investment of Cash Collateral from Securities Loaned (Cost $1,942) | 1,943 | |
Total Short-Term Investments (Cost $4,650) | 4,651 | |
Total Investments — 101.7% (Cost $157,791) | 159,265 | |
Liabilities in Excess of Other Assets — (1.7)% | (2,590) | |
NET ASSETS — 100.0% | 156,675 |
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 |
^ | 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 September 30, 2022. The total value of securities on loan at September 30, 2022 is $1,911. | |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(c) | The rate shown is the current yield as of September 30, 2022. |
Futures contracts outstanding as of September 30, 2022 (amounts in thousands, except number of contracts):
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
Russell 2000 E-Mini Index | 21 | 12/16/2022 | USD | 1,753 | (231) |
Abbreviations | |
USD | United States Dollar |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
(Dollar values in thousands)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 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.
Under the 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 the 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 Portfolio 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 Portfolio's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Portfolio's assumptions in determining the fair value of investments).
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 | $154,614 | $— | $— | $154,614 |
Rights | — | — | —(a) | —(a) |
Short-Term Investments | ||||
Investment Companies | 2,708 | — | — | 2,708 |
Investment of Cash Collateral from Securities Loaned | 1,943 | — | — | 1,943 |
Total Short-Term Investments | 4,651 | — | — | 4,651 |
Total Investments in Securities | $159,265 | $— | $— | $159,265 |
JPMorgan Insurance Trust Small Cap Core Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
(Dollar values in thousands)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2022 (Unaudited) (continued)
(Dollar values in thousands)
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Depreciation in Other Financial Instruments | ||||
Futures Contracts | $(231) | $— | $— | $(231) |
(a) | Amount rounds to less than one thousand. |
B. Investment Transactions with Affiliates — The Portfolio invested in Underlying Funds, which are advised by the Adviser. An issuer which is under common control with the Portfolio may be considered an affiliate. The Portfolio assumes the issuers listed in the table below to be affiliated issuers. Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.
For the period ended September 30, 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 September 30, 2022 | Shares at September 30, 2022 | Dividend Income | Capital Gain Distributions |
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 2.71% (a) (b) | $9,193 | $13,000 | $20,500 | $(3) | $2 | $1,692 | 1,692 | $23 | $— |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 2.73% (a) (b) | 2,374 | 29,641 | 31,764 | — | — | 251 | 251 | 9 | — |
JPMorgan U.S. Government Money Market Fund Class Institutional Shares, 2.70% (a) (b) | 6,890 | 34,959 | 39,141 | — | — | 2,708 | 2,708 | 29 | — |
Total | $18,457 | $77,600 | $91,405 | $(3) | $2 | $4,651 | $61 | $— |
(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 September 30, 2022. |