# EDGAR Filing Document

**Accession Number:** 0000763852
**File Stem:** 0002071691-26-012731
**Filing Date:** 2026-5
**Character Count:** 60206
**Document Hash:** 7d2e887cb6dae753b37eee2349b9cceb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012731.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0002071691-26-012731

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN TRUST II
- **CENTRAL INDEX KEY:** 0000763852

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04236
- **FILM NUMBER:** 261043739

**BUSINESS ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE GROUP MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20000721

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE GROUP
- **DATE OF NAME CHANGE:** 19931105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HELMSMAN FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### JPMorgan Equity Income Fund (Series ID: S000003846)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010743 | Class I      | HLIEX           |
| C000010744 | Class A      | OIEIX           |
| C000010746 | Class C      | OINCX           |
| C000098140 | Class R2     | OIEFX           |
| C000098141 | Class R5     | OIERX           |
| C000109963 | Class R6     | OIEJX           |
| C000173561 | Class R3     | OIEPX           |
| C000173562 | Class R4     | OIEQX           |

## Nport-Ex

**JPMorgan Equity Income Fund**

**Schedule of Portfolio Investments as of March 31, 2026**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2026. |

---

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE** <br>**($000)**<br>|
| **Common Stocks — 99.5%** | **Common Stocks — 99.5%** | **Common Stocks — 99.5%** |
| **Aerospace & Defense — 3.6%** | **Aerospace & Defense — 3.6%** | **Aerospace & Defense — 3.6%** |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2228 | &nbsp;&nbsp;&nbsp;&nbsp; 764905 |
| &nbsp;&nbsp;&nbsp; RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3783 | &nbsp;&nbsp;&nbsp;&nbsp; 729692 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1494597 |
| **Banks — 7.4%** | **Banks — 7.4%** | **Banks — 7.4%** |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 17473 | &nbsp;&nbsp;&nbsp;&nbsp; 851819 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6238 | &nbsp;&nbsp;&nbsp;&nbsp; 707450 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 6950 | &nbsp;&nbsp;&nbsp;&nbsp; 361462 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 14259 | &nbsp;&nbsp;&nbsp;&nbsp; 1135139 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3055870 |
| **Beverages — 1.5%** | **Beverages — 1.5%** | **Beverages — 1.5%** |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 6276 | &nbsp;&nbsp;&nbsp;&nbsp; 477314 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 904 | &nbsp;&nbsp;&nbsp;&nbsp; 140283 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 617597 |
| **Biotechnology — 1.2%** | **Biotechnology — 1.2%** | **Biotechnology — 1.2%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2277 | &nbsp;&nbsp;&nbsp;&nbsp; 495319 |
| **Building Products — 1.1%** | **Building Products — 1.1%** | **Building Products — 1.1%** |
| &nbsp;&nbsp;&nbsp; Carrier Global Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 7764 | &nbsp;&nbsp;&nbsp;&nbsp; 437188 |
| **Capital Markets — 9.0%** | **Capital Markets — 9.0%** | **Capital Markets — 9.0%** |
| &nbsp;&nbsp;&nbsp; Ares Management Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1218 | &nbsp;&nbsp;&nbsp;&nbsp; 132861 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 5930 | &nbsp;&nbsp;&nbsp;&nbsp; 703463 |
| &nbsp;&nbsp;&nbsp; Blackrock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 117732 |
| &nbsp;&nbsp;&nbsp; Blackstone, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1363 | &nbsp;&nbsp;&nbsp;&nbsp; 156718 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 8407 | &nbsp;&nbsp;&nbsp;&nbsp; 790068 |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1830 | &nbsp;&nbsp;&nbsp;&nbsp; 540601 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 567 | &nbsp;&nbsp;&nbsp;&nbsp; 479713 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp; 4878 | &nbsp;&nbsp;&nbsp;&nbsp; 802800 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3723956 |
| **Chemicals — 2.0%** | **Chemicals — 2.0%** | **Chemicals — 2.0%** |
| &nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2468 | &nbsp;&nbsp;&nbsp;&nbsp; 716860 |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 331 | &nbsp;&nbsp;&nbsp;&nbsp; 106211 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 823071 |
| **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** |
| &nbsp;&nbsp;&nbsp; Republic Services, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1213 | &nbsp;&nbsp;&nbsp;&nbsp; 265596 |
| **Consumer Finance — 2.8%** | **Consumer Finance — 2.8%** | **Consumer Finance — 2.8%** |
| &nbsp;&nbsp;&nbsp; American Express Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1913 | &nbsp;&nbsp;&nbsp;&nbsp; 578728 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3143 | &nbsp;&nbsp;&nbsp;&nbsp; 573307 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1152035 |
| **Consumer Staples Distribution & Retail — 1.3%** | **Consumer Staples Distribution & Retail — 1.3%** | **Consumer Staples Distribution & Retail — 1.3%** |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4388 | &nbsp;&nbsp;&nbsp;&nbsp; 545337 |
| **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** |
| &nbsp;&nbsp;&nbsp; Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp; 1145 | &nbsp;&nbsp;&nbsp;&nbsp; 243073 |

---

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Diversified Telecommunication Services — 1.6%** | **Diversified Telecommunication Services — 1.6%** | **Diversified Telecommunication Services — 1.6%** |
| &nbsp;&nbsp;&nbsp; Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 10512 | &nbsp;&nbsp;&nbsp;&nbsp; 301805 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6993 | &nbsp;&nbsp;&nbsp;&nbsp; 351062 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 652867 |
| **Electric Utilities — 2.7%** | **Electric Utilities — 2.7%** | **Electric Utilities — 2.7%** |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6269 | &nbsp;&nbsp;&nbsp;&nbsp; 582236 |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6873 | &nbsp;&nbsp;&nbsp;&nbsp; 546025 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1128261 |
| **Electrical Equipment — 2.2%** | **Electrical Equipment — 2.2%** | **Electrical Equipment — 2.2%** |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 2495 | &nbsp;&nbsp;&nbsp;&nbsp; 892392 |
| **Electronic Equipment, Instruments & Components — 1.5%** | **Electronic Equipment, Instruments & Components — 1.5%** | **Electronic Equipment, Instruments & Components — 1.5%** |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4428 | &nbsp;&nbsp;&nbsp;&nbsp; 602098 |
| **Entertainment — 1.3%** | **Entertainment — 1.3%** | **Entertainment — 1.3%** |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 5485 | &nbsp;&nbsp;&nbsp;&nbsp; 528659 |
| **Food Products — 0.9%** | **Food Products — 0.9%** | **Food Products — 0.9%** |
| &nbsp;&nbsp;&nbsp; Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 6709 | &nbsp;&nbsp;&nbsp;&nbsp; 386683 |
| **Ground Transportation — 2.4%** | **Ground Transportation — 2.4%** | **Ground Transportation — 2.4%** |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp; 1637 | &nbsp;&nbsp;&nbsp;&nbsp; 128781 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 15888 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3442 | &nbsp;&nbsp;&nbsp;&nbsp; 835160 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 979829 |
| **Health Care Equipment & Supplies — 2.1%** | **Health Care Equipment & Supplies — 2.1%** | **Health Care Equipment & Supplies — 2.1%** |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp; 3231 | &nbsp;&nbsp;&nbsp;&nbsp; 331711 |
| &nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1140 | &nbsp;&nbsp;&nbsp;&nbsp; 179349 |
| &nbsp;&nbsp;&nbsp; Medtronic plc | &nbsp;&nbsp;&nbsp;&nbsp; 4064 | &nbsp;&nbsp;&nbsp;&nbsp; 352140 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 863200 |
| **Health Care Providers & Services — 3.7%** | **Health Care Providers & Services — 3.7%** | **Health Care Providers & Services — 3.7%** |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 341 | &nbsp;&nbsp;&nbsp;&nbsp; 107061 |
| &nbsp;&nbsp;&nbsp; Cigna Group (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1387 | &nbsp;&nbsp;&nbsp;&nbsp; 369955 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5437 | &nbsp;&nbsp;&nbsp;&nbsp; 390499 |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1192 | &nbsp;&nbsp;&nbsp;&nbsp; 233672 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1641 | &nbsp;&nbsp;&nbsp;&nbsp; 443948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1545135 |
| **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** |
| &nbsp;&nbsp;&nbsp; Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5022 | &nbsp;&nbsp;&nbsp;&nbsp; 410724 |
| **Hotels, Restaurants & Leisure — 2.9%** | **Hotels, Restaurants & Leisure — 2.9%** | **Hotels, Restaurants & Leisure — 2.9%** |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 201637 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2266 | &nbsp;&nbsp;&nbsp;&nbsp; 704402 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1753 | &nbsp;&nbsp;&nbsp;&nbsp; 272558 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1178597 |
| **Household Products — 1.2%** | **Household Products — 1.2%** | **Household Products — 1.2%** |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 3475 | &nbsp;&nbsp;&nbsp;&nbsp; 501996 |

---

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Industrial Conglomerates — 1.0%** | **Industrial Conglomerates — 1.0%** | **Industrial Conglomerates — 1.0%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp; 2865 | &nbsp;&nbsp;&nbsp;&nbsp; 416037 |
| **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** |
| &nbsp;&nbsp;&nbsp; Prologis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2661 | &nbsp;&nbsp;&nbsp;&nbsp; 351686 |
| **Insurance — 3.0%** | **Insurance — 3.0%** | **Insurance — 3.0%** |
| &nbsp;&nbsp;&nbsp; Aon plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 329 | &nbsp;&nbsp;&nbsp;&nbsp; 106195 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1678 | &nbsp;&nbsp;&nbsp;&nbsp; 363309 |
| &nbsp;&nbsp;&nbsp; Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 773 | &nbsp;&nbsp;&nbsp;&nbsp; 252099 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1345 | &nbsp;&nbsp;&nbsp;&nbsp; 266687 |
| &nbsp;&nbsp;&nbsp; Travelers Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 883 | &nbsp;&nbsp;&nbsp;&nbsp; 257624 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1245914 |
| **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp; 3670 | &nbsp;&nbsp;&nbsp;&nbsp; 1052872 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1031 | &nbsp;&nbsp;&nbsp;&nbsp; 589654 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1642526 |
| **IT Services — 1.0%** | **IT Services — 1.0%** | **IT Services — 1.0%** |
| &nbsp;&nbsp;&nbsp; Accenture plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 267 | &nbsp;&nbsp;&nbsp;&nbsp; 52905 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1487 | &nbsp;&nbsp;&nbsp;&nbsp; 360377 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 413282 |
| **Life Sciences Tools & Services — 1.0%** | **Life Sciences Tools & Services — 1.0%** | **Life Sciences Tools & Services — 1.0%** |
| &nbsp;&nbsp;&nbsp; Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2229 | &nbsp;&nbsp;&nbsp;&nbsp; 422542 |
| **Machinery — 3.3%** | **Machinery — 3.3%** | **Machinery — 3.3%** |
| &nbsp;&nbsp;&nbsp; Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1269 | &nbsp;&nbsp;&nbsp;&nbsp; 714848 |
| &nbsp;&nbsp;&nbsp; Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3053 | &nbsp;&nbsp;&nbsp;&nbsp; 636390 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1351238 |
| **Multi-Utilities — 2.2%** | **Multi-Utilities — 2.2%** | **Multi-Utilities — 2.2%** |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4486 | &nbsp;&nbsp;&nbsp;&nbsp; 348034 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9261 | &nbsp;&nbsp;&nbsp;&nbsp; 572481 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 920515 |
| **Oil, Gas & Consumable Fuels — 6.6%** | **Oil, Gas & Consumable Fuels — 6.6%** | **Oil, Gas & Consumable Fuels — 6.6%** |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4830 | &nbsp;&nbsp;&nbsp;&nbsp; 999368 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp; 7952 | &nbsp;&nbsp;&nbsp;&nbsp; 1049686 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4626 | &nbsp;&nbsp;&nbsp;&nbsp; 668805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2717859 |
| **Pharmaceuticals — 5.5%** | **Pharmaceuticals — 5.5%** | **Pharmaceuticals — 5.5%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp; 6190 | &nbsp;&nbsp;&nbsp;&nbsp; 375428 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp;&nbsp; 212374 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp; 4174 | &nbsp;&nbsp;&nbsp;&nbsp; 1020263 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5377 | &nbsp;&nbsp;&nbsp;&nbsp; 646782 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2254847 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 642 | &nbsp;&nbsp;&nbsp;&nbsp; 104888 |

---

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Semiconductors & Semiconductor Equipment — 4.6%** | **Semiconductors & Semiconductor Equipment — 4.6%** | **Semiconductors & Semiconductor Equipment — 4.6%** |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2129 | &nbsp;&nbsp;&nbsp;&nbsp; 677427 |
| &nbsp;&nbsp;&nbsp; Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 903 | &nbsp;&nbsp;&nbsp;&nbsp; 192883 |
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV (Netherlands) | &nbsp;&nbsp;&nbsp;&nbsp; 2201 | &nbsp;&nbsp;&nbsp;&nbsp; 433255 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2978 | &nbsp;&nbsp;&nbsp;&nbsp; 578130 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1881695 |
| **Software — 2.2%** | **Software — 2.2%** | **Software — 2.2%** |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 576 | &nbsp;&nbsp;&nbsp;&nbsp; 249027 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1795 | &nbsp;&nbsp;&nbsp;&nbsp; 664394 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 913421 |
| **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** |
| &nbsp;&nbsp;&nbsp; American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1297 | &nbsp;&nbsp;&nbsp;&nbsp; 223768 |
| **Specialty Retail — 4.1%** | **Specialty Retail — 4.1%** | **Specialty Retail — 4.1%** |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1696 | &nbsp;&nbsp;&nbsp;&nbsp; 557633 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2761 | &nbsp;&nbsp;&nbsp;&nbsp; 652294 |
| &nbsp;&nbsp;&nbsp; TJX Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 3125 | &nbsp;&nbsp;&nbsp;&nbsp; 499124 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1709051 |
| **Technology Hardware, Storage & Peripherals — 2.3%** | **Technology Hardware, Storage & Peripherals — 2.3%** | **Technology Hardware, Storage & Peripherals — 2.3%** |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;&nbsp; 23133 | &nbsp;&nbsp;&nbsp;&nbsp; 550807 |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 983 | &nbsp;&nbsp;&nbsp;&nbsp; 384916 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 935723 |
| **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** |
| &nbsp;&nbsp;&nbsp; NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1236 | &nbsp;&nbsp;&nbsp;&nbsp; 65268 |
| **Tobacco — 2.3%** | **Tobacco — 2.3%** | **Tobacco — 2.3%** |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5722 | &nbsp;&nbsp;&nbsp;&nbsp; 946052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $24,997,342)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 41040392 |
| **Short-Term Investments — 0.5%** | **Short-Term Investments — 0.5%** | **Short-Term Investments — 0.5%** |
| **Investment Companies — 0.5%** | **Investment Companies — 0.5%** | **Investment Companies — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 3.75% (a) (b) <br>(Cost $194,829)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 194815 | &nbsp;&nbsp;&nbsp;&nbsp; 194835 |
| **Total Investments — 100.0%** <br>**(Cost $25,192,171)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **41235227** |
| **Other Assets in Excess of Liabilities — 0.0% ^** |  | &nbsp;&nbsp;&nbsp;&nbsp; **17147** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **41252374** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<br>Percentages indicated are based on net assets.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Abbreviations** |  |
| REIT | Real Estate Investment Trust |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| (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 <br> Investment Management Inc.<br>|
| (b) | The rate shown is the current yield as of March 31, 2026. |

---

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**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 "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (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 Fund 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 Fund. 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.

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"):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | &nbsp;&nbsp;&nbsp;&nbsp; $41235227 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $41235227 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> (a) Please refer to the SOI for specifics of portfolio holdings.

**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.

------

**JPMorgan Equity Income Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

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, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** |
| **Security Description** | **Value at** <br>**June 30,** <br>**2025** <br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**March 31,** <br>**2026**<br>| **Shares at** <br>**March 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM <br> Shares, 3.75% (a) (b)<br>| $76341 | $5341548 | $5223081 | $29 | $(2)<br>| $194835 | 194815 | $5835 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 3.67% (a) (b)<br>|  | 27631 | 27631 |  |  |  |  | 18 |  |
| **Total** | $76341 | $5369179 | $5250712 | $29 | $(2)<br>| $194835 |  | $5853 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> (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. <br> (b) The rate shown is the current yield as of March 31, 2026.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JPMorgan Trust II

- **b. Investment Company Act file number:** 811-04236

- **c. CIK number of Registrant:** 0000763852

- **d. LEI of Registrant:** 549300IMXLYKELY96B40

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 800-480-4111

**Item A.2. Information about the Series.**

- **a. Name of Series:** JPMorgan Equity Income Fund

- **b. EDGAR series identifier (if any):** S000003846

- **c. LEI of Series:** 5493004E5SGY8TJZ5623

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $41307952994.90

**Total Liabilities:** $23450097.50

**Net Assets:** $41284502897.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109963 | 3.89%                | 2.50%                | -4.55%               |
| Class ID C000010746 | 3.80%                | 2.43%                | -4.64%               |
| Class ID C000010743 | 3.87%                | 2.52%                | -4.57%               |
| Class ID C000098140 | 3.82%                | 2.44%                | -4.60%               |
| Class ID C000173561 | 3.87%                | 2.44%                | -4.55%               |
| Class ID C000098141 | 3.88%                | 2.49%                | -4.55%               |
| Class ID C000173562 | 3.87%                | 2.48%                | -4.58%               |
| Class ID C000010744 | 3.86%                | 2.44%                | -4.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $654540068.72            | $933856324.29                              |
| Month 2  | $541229612.41            | $496588133.31                              |
| Month 3  | $330365911.11            | $-2416807725.61                            |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                  | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eaton Corp. plc                       | Eaton Corp. plc                            | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |   2495016 | NS      | $892392372.72  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                    | Lam Research Corp.                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    902754 | NS      | $192882419.64  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock, Inc.                       | Blackrock, Inc.                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    122419 | NS      | $117731576.49  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                         | Walmart, Inc.                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   4387974 | NS      | $545337408.72  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                       | CME Group, Inc.                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |   1830375 | NS      | $540601256.25  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                            | Chubb Ltd.                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |    773477 | NS      | $252099358.61  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.              | Bristol-Myers Squibb Co.                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   6190077 | NS      | $375428170.05  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                       | Eli Lilly & Co.                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    230899 | NS      | $212373973.23  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                         | Danaher Corp.                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   2228599 | NS      | $422542370.40  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                        | Alphabet, Inc., Class C                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   3670334 | NS      | $1052872011.24 | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                          | Intuit, Inc.                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    575944 | NS      | $249026666.72  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corp.      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |   1404653 | NS      | $340473840.67  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.               | Republic Services, Inc., Class A           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |   1212655 | NS      | $265595698.10  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                  | NextEra Energy, Inc.                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   6268693 | NS      | $582236205.84  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                  | American Express Co.                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1913276 | NS      | $578727724.48  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   4173881 | NS      | $1020263471.64 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                     | Merck & Co., Inc.                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   5376855 | NS      | $646781887.95  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co.                | Becton Dickinson & Co.                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   1140677 | NS      | $179348644.71  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.        | Hewlett Packard Enterprise Co.             | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |  23133448 | NS      | $550807396.88  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)               | Progressive Corp. (The)                    | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   1345275 | NS      | $266687316.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                | Home Depot, Inc. (The)                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |   1695499 | NS      | $557632666.11  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)            | Travelers Cos., Inc. (The)                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    883240 | NS      | $257623443.20  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                | General Dynamics Corp.                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |   2228616 | NS      | $764905583.52  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                           | Deere & Co.                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |   1269036 | NS      | $714847978.80  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                          | Ventas, Inc.                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |   5022301 | NS      | $410723775.78  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)            | Sherwin-Williams Co. (The)                 | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    331340 | NS      | $106211037.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                       | Citigroup, Inc.                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   6237986 | NS      | $707449992.26  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   3230843 | NS      | $331710650.81  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                  | Meta Platforms, Inc., Class A              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   1030629 | NS      | $589653769.77  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                         | Medtronic plc                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   4063938 | NS      | $352140227.70  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.      | Air Products and Chemicals, Inc.           | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |   2467761 | NS      | $716859892.89  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | Capital One Financial Corp.                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   3142617 | NS      | $573307619.31  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp.                  | Carrier Global Corp.                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |   7763957 | NS      | $437188418.67  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon plc                               | Aon plc, Class A                           | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |    329001 | NS      | $106194942.78  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.     | Philip Morris International, Inc.          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   5721860 | NS      | $946052332.40  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                         | Comcast Corp., Class A                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |  10512174 | NS      | $301804515.54  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy, Inc.                     | Xcel Energy, Inc.                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   6873422 | NS      | $546024643.68  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone, Inc.                      | Blackstone, Inc.                           | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |   1362885 | NS      | $156718146.15  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co.              | Arthur J Gallagher & Co.                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |   1677480 | NS      | $363308618.40  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                            | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   6949845 | NS      | $361461438.45  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | Wells Fargo & Co.                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |  14258749 | NS      | $1135139007.89 | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund      | JPMorgan Prime Money Market Fund, Class IM | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        | 194815459 | NS      | $194834940.52  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                         | PepsiCo, Inc.                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    903362 | NS      | $140283084.98  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                         | Corning, Inc.                              | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |   4428168 | NS      | $602098002.96  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   4878168 | NS      | $802800107.76  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                     | Lowe's Cos., Inc.                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |   2760685 | NS      | $652294651.80  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                  | Analog Devices, Inc.                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   2129337 | NS      | $677427273.18  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                         | Chevron Corp.                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4830199 | NS      | $999368173.10  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                     | Cigna Group (The)                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |   1386899 | NS      | $369955308.25  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc       | Seagate Technology Holdings plc            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |    982530 | NS      | $384915952.80  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                        | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   7952162 | NS      | $1049685384.00 | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)            | Charles Schwab Corp. (The)                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   8406770 | NS      | $790068244.60  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                   | Coca-Cola Co. (The)                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   6276317 | NS      | $477313907.85  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                      | CMS Energy Corp.                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   4486133 | NS      | $348034198.14  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                  | TJX Cos., Inc. (The)                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |   3125383 | NS      | $499123665.10  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                | Norfolk Southern Corp.                     | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    191547 | NS      | $54973989.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.           | AvalonBay Communities, Inc.                | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    778106 | NS      | $127103615.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)            | Procter & Gamble Co. (The)                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   3475465 | NS      | $501996164.60  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.          | Verizon Communications, Inc.               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   6993269 | NS      | $351062103.80  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)       | Goldman Sachs Group, Inc. (The)            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    567044 | NS      | $479713553.56  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                 | Walt Disney Co. (The)                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   5485152 | NS      | $528658949.76  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corp.                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   1794835 | NS      | $664394071.95  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.               | Quest Diagnostics, Inc.                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |   1192326 | NS      | $233672049.48  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp.                 | Ares Management Corp., Class A             | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |   1217789 | NS      | $132860779.90  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | Bank of America Corp.                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  17473213 | NS      | $851819133.75  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                        | Prologis, Inc.                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |   2660662 | NS      | $351686303.16  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                            | NIKE, Inc., Class B                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |   1235662 | NS      | $65267666.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)   | Bank of New York Mellon Corp. (The)        | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   5929889 | NS      | $703462732.07  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                | 3M Co.                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |   2864676 | NS      | $416036895.48  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX Corp.                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   3782747 | NS      | $729691896.30  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.          | Mondelez International, Inc., Class A      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   6708593 | NS      | $386683300.52  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                          | AbbVie, Inc.                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   2277434 | NS      | $495319120.66  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                   | Union Pacific Corp.                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   3442257 | NS      | $835160393.34  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                 | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |   2200827 | NS      | $433254803.22  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                | Booking Holdings, Inc.                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     47891 | NS      | $201636435.12  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                   | EOG Resources, Inc.                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   4626167 | NS      | $668804963.19  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.              | UnitedHealth Group, Inc.                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1640666 | NS      | $443947812.94  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                           | Dover Corp.                                | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |   3052962 | NS      | $636389928.90  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                      | McDonald's Corp.                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   2266490 | NS      | $704402427.10  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands, Inc.                     | Yum! Brands, Inc.                          | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |   1753009 | NS      | $272557839.32  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                         | Accenture plc, Class A                     | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |    369463 | NS      | $73260818.27   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                 | Dominion Energy, Inc.                      | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   9260447 | NS      | $572480833.54  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                      | CVS Health Corp.                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   5437189 | NS      | $390498913.98  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                  | American Tower Corp.                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |   1296603 | NS      | $223767745.74  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                         | Cencora, Inc.                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    340808 | NS      | $107061425.12  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America            | Packaging Corp. of America                 | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |   1145381 | NS      | $243072755.82  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.               | Texas Instruments, Inc.                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   2977904 | NS      | $578130282.56  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.     | Canadian Pacific Kansas City Ltd.          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1147018 | NS      | $90224435.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** JPMorgan Trust II

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer