# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-066039
**Filing Date:** 2023-3
**Character Count:** 135183
**Document Hash:** 7183ed3ed591caf65f4dd72d2e6d5b94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066039.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066039

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Trust I
- **CENTRAL INDEX KEY:** 0001217286
- **IRS NUMBER:** 331043149
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 23761607

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JP MORGAN MUTUAL FUND SERIES
- **DATE OF NAME CHANGE:** 20030204

## Series and Classes Contracts Data

### JPMorgan International Value Fund (Series ID: S000002627)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007227 | Class I      | JIESX           |
| C000007228 | Class L      | JNUSX           |
| C000007229 | Class A      | JFEAX           |
| C000034831 | Class C      | JIUCX           |
| C000070620 | Class R2     | JPVZX           |
| C000093774 | Class R6     | JNVMX           |
| C000173219 | Class R5     | JPVRX           |

## Nport-Ex

**JPMorgan International Value Fund**

**Schedule of Portfolio Investments as of January 31, 2023**

**(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., 2023. |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE** <br>**($000)**<br>|
| **Common Stocks — 97.5%** | **Common Stocks — 97.5%** | **Common Stocks — 97.5%** |
| **Australia — 10.1%** | **Australia — 10.1%** | **Australia — 10.1%** |
| &nbsp;&nbsp;&nbsp; ANZ Group Holdings Ltd. | 177 | 3153 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | 310 | 10869 |
| &nbsp;&nbsp;&nbsp; BlueScope Steel Ltd. | 126 | 1725 |
| &nbsp;&nbsp;&nbsp; Coronado Global Resources, Inc., CHDI (a) | 989 | 1433 |
| &nbsp;&nbsp;&nbsp; Glencore plc | 695 | 4655 |
| &nbsp;&nbsp;&nbsp; JB Hi-Fi Ltd. | 11 | 389 |
| &nbsp;&nbsp;&nbsp; Metcash Ltd. | 136 | 402 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. | 53 | 1205 |
| &nbsp;&nbsp;&nbsp; New Hope Corp. Ltd. | 297 | 1232 |
| &nbsp;&nbsp;&nbsp; Qantas Airways Ltd. \* | 268 | 1210 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Ltd. | 42 | 3736 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 4207 |
| &nbsp;&nbsp;&nbsp; South32 Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 598 | &nbsp;&nbsp;&nbsp;&nbsp; 1918 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 251 | &nbsp;&nbsp;&nbsp;&nbsp; 4216 |
| &nbsp;&nbsp;&nbsp; Whitehaven Coal Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp;&nbsp;&nbsp; 1120 |
| &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp;&nbsp;&nbsp; 3073 |
|  |  | &nbsp;&nbsp; 44543 |
| **Austria — 1.4%** | **Austria — 1.4%** | **Austria — 1.4%** |
| &nbsp;&nbsp;&nbsp; ANDRITZ AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732 |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 1970 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 1454 |
| &nbsp;&nbsp;&nbsp; Telekom Austria AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp; 1051 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6094 |
| **Belgium — 0.2%** | **Belgium — 0.2%** | **Belgium — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 902 |
| &nbsp;&nbsp;&nbsp; Telenet Group Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1056 |
| **China — 0.6%** | **China — 0.6%** | **China — 0.6%** |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 316 | &nbsp;&nbsp;&nbsp;&nbsp; 1103 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 1719 | &nbsp;&nbsp;&nbsp;&nbsp; 1695 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2798 |
| **Denmark — 1.8%** | **Denmark — 1.8%** | **Denmark — 1.8%** |
| &nbsp;&nbsp;&nbsp; D/S Norden A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 1194 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 1937 |
| &nbsp;&nbsp;&nbsp; ISS A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 1023 |
| &nbsp;&nbsp;&nbsp; Jyske Bank A/S (Registered) \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795 |
| &nbsp;&nbsp;&nbsp; Solar A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 812 |
| &nbsp;&nbsp;&nbsp; Spar Nord Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 1323 |
| &nbsp;&nbsp;&nbsp; Sydbank A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 1040 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8124 |
| **Egypt — 0.2%** | **Egypt — 0.2%** | **Egypt — 0.2%** |
| &nbsp;&nbsp;&nbsp; Energean plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 1061 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Finland — 2.0%** | **Finland — 2.0%** | **Finland — 2.0%** |
| &nbsp;&nbsp;&nbsp; Fortum OYJ | 92 | 1386 |
| &nbsp;&nbsp;&nbsp; Nokia OYJ | 370 | 1756 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | 277 | 3237 |
| &nbsp;&nbsp;&nbsp; Outokumpu OYJ | 236 | 1352 |
| &nbsp;&nbsp;&nbsp; TietoEVRY OYJ | 36 | 1079 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8810 |
| **France — 10.5%** | **France — 10.5%** | **France — 10.5%** |
| &nbsp;&nbsp;&nbsp; AXA SA | 117 | 3651 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | 74 | 5113 |
| &nbsp;&nbsp;&nbsp; Carrefour SA | 81 | 1546 |
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain | 25 | 1414 |
| &nbsp;&nbsp;&nbsp; Coface SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578 |
| &nbsp;&nbsp;&nbsp; Derichebourg SA | &nbsp;&nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 1223 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp;&nbsp; 2192 |
| &nbsp;&nbsp;&nbsp; IPSOS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 1171 |
| &nbsp;&nbsp;&nbsp; Orange SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 177 | &nbsp;&nbsp;&nbsp;&nbsp; 1868 |
| &nbsp;&nbsp;&nbsp; Publicis Groupe SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 1415 |
| &nbsp;&nbsp;&nbsp; Renault SA \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp;&nbsp; 1877 |
| &nbsp;&nbsp;&nbsp; Rothschild & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 1188 |
| &nbsp;&nbsp;&nbsp; Sanofi | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 6219 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp;&nbsp; 2669 |
| &nbsp;&nbsp;&nbsp; Sopra Steria Group SACA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466 |
| &nbsp;&nbsp;&nbsp; SPIE SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691 |
| &nbsp;&nbsp;&nbsp; Technip Energies NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 | &nbsp;&nbsp;&nbsp;&nbsp; 1524 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE (b) | &nbsp;&nbsp;&nbsp;&nbsp; 152 | &nbsp;&nbsp;&nbsp;&nbsp; 9422 |
| &nbsp;&nbsp;&nbsp; Verallia SA (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 1216 |
|  |  | &nbsp;&nbsp; 46405 |
| **Germany — 9.1%** | **Germany — 9.1%** | **Germany — 9.1%** |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp; 6516 |
| &nbsp;&nbsp;&nbsp; Aurubis AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 3982 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 2350 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 2220 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; 1981 |
| &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG (Registered) \* | &nbsp;&nbsp;&nbsp;&nbsp; 152 | &nbsp;&nbsp;&nbsp;&nbsp; 1607 |
| &nbsp;&nbsp;&nbsp; Deutsche Pfandbriefbank AG (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706 |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 2581 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 1540 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; 1387 |
| &nbsp;&nbsp;&nbsp; Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509 |
| &nbsp;&nbsp;&nbsp; HeidelbergCement AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831 |
| &nbsp;&nbsp;&nbsp; HOCHTIEF AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; 3787 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 2071 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Germany — continued** | **Germany — continued** | **Germany — continued** |
| &nbsp;&nbsp;&nbsp; Schaeffler AG (Preference) | 90 | 647 |
| &nbsp;&nbsp;&nbsp; Siemens AG (Registered) | 22 | 3353 |
| &nbsp;&nbsp;&nbsp; Talanx AG | 10 | 481 |
| &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference) | 14 | 1878 |
|  |  | &nbsp;&nbsp; 40324 |
| **Hong Kong — 1.8%** | **Hong Kong — 1.8%** | **Hong Kong — 1.8%** |
| &nbsp;&nbsp;&nbsp; Hongkong Land Holdings Ltd. | 287 | 1406 |
| &nbsp;&nbsp;&nbsp; Kerry Properties Ltd. | 613 | 1554 |
| &nbsp;&nbsp;&nbsp; Pacific Basin Shipping Ltd. | 3041 | 1073 |
| &nbsp;&nbsp;&nbsp; Prudential plc | 223 | 3698 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7731 |
| **Ireland — 0.4%** | **Ireland — 0.4%** | **Ireland — 0.4%** |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 151 | &nbsp;&nbsp;&nbsp;&nbsp; 1608 |
| **Italy — 3.6%** | **Italy — 3.6%** | **Italy — 3.6%** |
| &nbsp;&nbsp;&nbsp; Assicurazioni Generali SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 1643 |
| &nbsp;&nbsp;&nbsp; Azimut Holding SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542 |
| &nbsp;&nbsp;&nbsp; Credito Emiliano SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581 |
| &nbsp;&nbsp;&nbsp; Eni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp;&nbsp;&nbsp; 3218 |
| &nbsp;&nbsp;&nbsp; Maire Tecnimont SpA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969 |
| &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito Finanziario SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788 |
| &nbsp;&nbsp;&nbsp; OVS SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 493 | &nbsp;&nbsp;&nbsp;&nbsp; 1188 |
| &nbsp;&nbsp;&nbsp; Pirelli & C SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981 |
| &nbsp;&nbsp;&nbsp; Poste Italiane SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp; 1349 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp;&nbsp; 3429 |
| &nbsp;&nbsp;&nbsp; Unipol Gruppo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp;&nbsp;&nbsp; 1123 |
|  |  | &nbsp;&nbsp; 15811 |
| **Japan — 19.0%** | **Japan — 19.0%** | **Japan — 19.0%** |
| &nbsp;&nbsp;&nbsp; Aiful Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418 |
| &nbsp;&nbsp;&nbsp; Chiba Bank Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744 |
| &nbsp;&nbsp;&nbsp; Concordia Financial Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648 |
| &nbsp;&nbsp;&nbsp; Cosmo Energy Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp; 1478 |
| &nbsp;&nbsp;&nbsp; Credit Saison Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp; 1203 |
| &nbsp;&nbsp;&nbsp; Dentsu Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 1214 |
| &nbsp;&nbsp;&nbsp; Fujikura Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 145 | &nbsp;&nbsp;&nbsp;&nbsp; 1104 |
| &nbsp;&nbsp;&nbsp; Fuyo General Lease Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 |
| &nbsp;&nbsp;&nbsp; Hachijuni Bank Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 319 | &nbsp;&nbsp;&nbsp;&nbsp; 1385 |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 3865 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp;&nbsp; 1615 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp; 1453 |
| &nbsp;&nbsp;&nbsp; ITOCHU Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 1587 |
| &nbsp;&nbsp;&nbsp; Japan Airlines Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; 1402 |
| &nbsp;&nbsp;&nbsp; Japan Post Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 193 | &nbsp;&nbsp;&nbsp;&nbsp; 1696 |
| &nbsp;&nbsp;&nbsp; Japan Post Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 1318 |
| &nbsp;&nbsp;&nbsp; Japan Tobacco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp; 2533 |
| &nbsp;&nbsp;&nbsp; Kamigumi Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Kandenko Co. Ltd. | 41 | 277 |
| &nbsp;&nbsp;&nbsp; KDDI Corp. | 105 | 3277 |
| &nbsp;&nbsp;&nbsp; Marubeni Corp. | 185 | 2276 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. | 103 | 3442 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Estate Co. Ltd. | 147 | 1884 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | 855 | 6264 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | 95 | 2788 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. | 74 | 1393 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. | 178 | 2777 |
| &nbsp;&nbsp;&nbsp; Nippon Steel Corp. | 104 | 2163 |
| &nbsp;&nbsp;&nbsp; Nippon Telegraph & Telephone Corp. | 62 | 1853 |
| &nbsp;&nbsp;&nbsp; Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 1192 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp;&nbsp;&nbsp; 2096 |
| &nbsp;&nbsp;&nbsp; Resona Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp;&nbsp;&nbsp; 1053 |
| &nbsp;&nbsp;&nbsp; Sekisui House Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 1202 |
| &nbsp;&nbsp;&nbsp; Shizuoka Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769 |
| &nbsp;&nbsp;&nbsp; SoftBank Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 211 | &nbsp;&nbsp;&nbsp;&nbsp; 2411 |
| &nbsp;&nbsp;&nbsp; Sojitz Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 1398 |
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 1556 |
| &nbsp;&nbsp;&nbsp; Sumitomo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp;&nbsp; 1685 |
| &nbsp;&nbsp;&nbsp; Sumitomo Forestry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 1462 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 4038 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 1829 |
| &nbsp;&nbsp;&nbsp; Sumitomo Warehouse Co. Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 1073 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp; 3628 |
| &nbsp;&nbsp;&nbsp; Tokyo Steel Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579 |
| &nbsp;&nbsp;&nbsp; Tokyo Tatemono Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435 |
| &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 219 | &nbsp;&nbsp;&nbsp;&nbsp; 1113 |
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp; 1804 |
| &nbsp;&nbsp;&nbsp; Yamaha Motor Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 1365 |
|  |  | &nbsp;&nbsp; 84313 |
| **Luxembourg — 0.5%** | **Luxembourg — 0.5%** | **Luxembourg — 0.5%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 2216 |
| **Netherlands — 6.1%** | **Netherlands — 6.1%** | **Netherlands — 6.1%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 1513 |
| &nbsp;&nbsp;&nbsp; Aegon NV | &nbsp;&nbsp;&nbsp;&nbsp; 337 | &nbsp;&nbsp;&nbsp;&nbsp; 1858 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 1396 |
| &nbsp;&nbsp;&nbsp; Heijmans NV, CVA | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 1211 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 288 | &nbsp;&nbsp;&nbsp;&nbsp; 4168 |
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 1727 |
| &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 1143 |
| &nbsp;&nbsp;&nbsp; Randstad NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 419 | &nbsp;&nbsp; 12314 |
|  |  | &nbsp;&nbsp; 27088 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Norway — 2.6%** | **Norway — 2.6%** | **Norway — 2.6%** |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | 100 | 1867 |
| &nbsp;&nbsp;&nbsp; Elkem ASA (a) | 329 | 1164 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | 83 | 2543 |
| &nbsp;&nbsp;&nbsp; Europris ASA (a) | 133 | 857 |
| &nbsp;&nbsp;&nbsp; Hoegh Autoliners ASA | 129 | 804 |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | 170 | 1378 |
| &nbsp;&nbsp;&nbsp; Olav Thon Eiendomsselskap ASA | 24 | 431 |
| &nbsp;&nbsp;&nbsp; SpareBank 1 Nord Norge | 80 | 747 |
| &nbsp;&nbsp;&nbsp; SpareBank 1 SMN | 43 | 543 |
| &nbsp;&nbsp;&nbsp; SpareBank 1 SR-Bank ASA | 46 | 535 |
| &nbsp;&nbsp;&nbsp; Storebrand ASA | 60 | 519 |
|  |  | &nbsp;&nbsp; 11388 |
| **Singapore — 1.3%** | **Singapore — 1.3%** | **Singapore — 1.3%** |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 1760 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 207 | &nbsp;&nbsp;&nbsp;&nbsp; 2043 |
| &nbsp;&nbsp;&nbsp; StarHub Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 1539 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5671 |
| **South Africa — 0.7%** | **South Africa — 0.7%** | **South Africa — 0.7%** |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 3285 |
| **Spain — 2.6%** | **Spain — 2.6%** | **Spain — 2.6%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 518 | &nbsp;&nbsp;&nbsp;&nbsp; 3659 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 944 | &nbsp;&nbsp;&nbsp;&nbsp; 3299 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp; 293 | &nbsp;&nbsp;&nbsp;&nbsp; 1299 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; 2433 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA | &nbsp;&nbsp;&nbsp;&nbsp; 540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664 |
|  |  | &nbsp;&nbsp; 11354 |
| **Sweden — 2.0%** | **Sweden — 2.0%** | **Sweden — 2.0%** |
| &nbsp;&nbsp;&nbsp; Boliden AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 1130 |
| &nbsp;&nbsp;&nbsp; Loomis AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp; MEKO AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377 |
| &nbsp;&nbsp;&nbsp; Securitas AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp;&nbsp; 1335 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 2046 |
| &nbsp;&nbsp;&nbsp; SSAB AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 189 | &nbsp;&nbsp;&nbsp;&nbsp; 1287 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 1797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8899 |
| **Switzerland — 5.5%** | **Switzerland — 5.5%** | **Switzerland — 5.5%** |
| &nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985 |
| &nbsp;&nbsp;&nbsp; Mobilezone Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp; 11402 |
| &nbsp;&nbsp;&nbsp; Swiss Life Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 1497 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp;&nbsp; 5240 |
| &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 4414 |
|  |  | &nbsp;&nbsp; 24462 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — 13.1%** | **United Kingdom — 13.1%** | **United Kingdom — 13.1%** |
| &nbsp;&nbsp;&nbsp; 3i Group plc | 108 | 2100 |
| &nbsp;&nbsp;&nbsp; Aviva plc | 210 | 1184 |
| &nbsp;&nbsp;&nbsp; Balfour Beatty plc | 249 | 1123 |
| &nbsp;&nbsp;&nbsp; Barclays plc | 969 | 2228 |
| &nbsp;&nbsp;&nbsp; Barratt Developments plc | 139 | 792 |
| &nbsp;&nbsp;&nbsp; Bellway plc | 9 | 230 |
| &nbsp;&nbsp;&nbsp; Berkeley Group Holdings plc | 10 | 518 |
| &nbsp;&nbsp;&nbsp; BP plc | 1203 | 7264 |
| &nbsp;&nbsp;&nbsp; BT Group plc | 575 | 887 |
| &nbsp;&nbsp;&nbsp; Centrica plc | 1305 | 1626 |
| &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. | 276 | 1756 |
| &nbsp;&nbsp;&nbsp; Crest Nicholson Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253 |
| &nbsp;&nbsp;&nbsp; Drax Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977 |
| &nbsp;&nbsp;&nbsp; DS Smith plc | &nbsp;&nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp;&nbsp;&nbsp; 1394 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp; 1225 | &nbsp;&nbsp;&nbsp;&nbsp; 9025 |
| &nbsp;&nbsp;&nbsp; IG Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547 |
| &nbsp;&nbsp;&nbsp; Inchcape plc | &nbsp;&nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp;&nbsp; 1551 |
| &nbsp;&nbsp;&nbsp; Investec plc | &nbsp;&nbsp;&nbsp;&nbsp; 232 | &nbsp;&nbsp;&nbsp;&nbsp; 1482 |
| &nbsp;&nbsp;&nbsp; J Sainsbury plc | &nbsp;&nbsp;&nbsp;&nbsp; 449 | &nbsp;&nbsp;&nbsp;&nbsp; 1458 |
| &nbsp;&nbsp;&nbsp; JD Sports Fashion plc | &nbsp;&nbsp;&nbsp;&nbsp; 664 | &nbsp;&nbsp;&nbsp;&nbsp; 1338 |
| &nbsp;&nbsp;&nbsp; JET2 plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820 |
| &nbsp;&nbsp;&nbsp; Legal & General Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 752 | &nbsp;&nbsp;&nbsp;&nbsp; 2366 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp; 5734 | &nbsp;&nbsp;&nbsp;&nbsp; 3732 |
| &nbsp;&nbsp;&nbsp; Man Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832 |
| &nbsp;&nbsp;&nbsp; Mitie Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 371 | &nbsp;&nbsp;&nbsp;&nbsp; 1414 |
| &nbsp;&nbsp;&nbsp; OSB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp;&nbsp; 1387 |
| &nbsp;&nbsp;&nbsp; Paragon Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 553 |
| &nbsp;&nbsp;&nbsp; Persimmon plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; 1264 |
| &nbsp;&nbsp;&nbsp; Premier Foods plc | &nbsp;&nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619 |
| &nbsp;&nbsp;&nbsp; Redrow plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp;&nbsp; 1369 |
| &nbsp;&nbsp;&nbsp; Taylor Wimpey plc | &nbsp;&nbsp;&nbsp;&nbsp; 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp;&nbsp;&nbsp; 599 | &nbsp;&nbsp;&nbsp;&nbsp; 1819 |
| &nbsp;&nbsp;&nbsp; Virgin Money UK plc | &nbsp;&nbsp;&nbsp;&nbsp; 512 | &nbsp;&nbsp;&nbsp;&nbsp; 1226 |
| &nbsp;&nbsp;&nbsp; WPP plc | &nbsp;&nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 1239 |
|  |  | &nbsp;&nbsp; 58065 |
| **United States — 2.4%** | **United States — 2.4%** | **United States — 2.4%** |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 296 | &nbsp;&nbsp;&nbsp;&nbsp; 5192 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963 |
| &nbsp;&nbsp;&nbsp; Stellantis NV | &nbsp;&nbsp;&nbsp;&nbsp; 193 | &nbsp;&nbsp;&nbsp;&nbsp; 3031 |
| &nbsp;&nbsp;&nbsp; Tenaris SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 1304 |
|  |  | &nbsp;&nbsp; 10490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $370,176)<br>|  | 431596 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Short-Term Investments — 2.8%** | **Short-Term Investments — 2.8%** | **Short-Term Investments — 2.8%** |
| **Investment Companies — 2.4%** | **Investment Companies — 2.4%** | **Investment Companies — 2.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 4.45% (c) (d)(Cost $10,500) | 10494 | 10500 |
| **Investment of Cash Collateral from Securities Loaned — 0.4%** | **Investment of Cash Collateral from Securities Loaned — 0.4%** | **Investment of Cash Collateral from Securities Loaned — 0.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.57% (c) (d) | 705 | 706 |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (c) (d) | 1314 | 1314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $2,020)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,520)<br>|  | &nbsp;&nbsp; 12520 |
| **Total Investments — 100.3%** <br>**(Cost $382,696)**<br>|  | **444116** |
| **Liabilities in Excess of Other Assets — (0.3)%** |  | **(1375)** |
| **NET ASSETS — 100.0%** |  | **442741** |

---

&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** |  |
| CHDI | Clearing House Electronic Subregister System (CHESS) Depository Interest |
| CVA | Dutch Certification |
| OYJ | Public Limited Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|

---

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

\* Non-income producing security. 

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. 

(b) The security or a portion of this security is on loan at January 31, 2023. The total value of securities on loan at January 31, 2023 is $1,922.

(c) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. 

(d) The rate shown is the current yield as of January 31, 2023.

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

**Summary of Investments by Industry, January 31, 2023**

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 23.2% |
| Oil, Gas & Consumable Fuels | 10.9 |
| Metals & Mining | &nbsp;&nbsp; 9.6 |
| Insurance | &nbsp;&nbsp; 8.9 |
| Pharmaceuticals | &nbsp;&nbsp; 7.1 |
| Automobiles | &nbsp;&nbsp; 3.9 |
| Trading Companies & Distributors | &nbsp;&nbsp; 3.6 |
| Capital Markets | &nbsp;&nbsp; 3.3 |
| Real Estate Management & Development | &nbsp;&nbsp; 2.1 |
| Industrial Conglomerates | &nbsp;&nbsp; 2.0 |
| Diversified Telecommunication Services | &nbsp;&nbsp; 1.6 |
| Food & Staples Retailing | &nbsp;&nbsp; 1.6 |
| Wireless Telecommunication Services | &nbsp;&nbsp; 1.5 |
| Household Durables | &nbsp;&nbsp; 1.5 |
| Construction & Engineering | &nbsp;&nbsp; 1.4 |
| Commercial Services & Supplies | &nbsp;&nbsp; 1.3 |
| Multi-Utilities | &nbsp;&nbsp; 1.2 |
| Media | &nbsp;&nbsp; 1.2 |
| Airlines | &nbsp;&nbsp; 1.1 |
| Others (each less than 1.0%) | 10.2 |
| Short-Term Investments | &nbsp;&nbsp; 2.8 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued) <br>(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 Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of Investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values ("NAV") of the Fund is calculated on a valuation date. Certain foreign equity instruments are valued by applying international fair value factors provided by approved Pricing Services. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAV is calculated.

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** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | $— | $44543 | $— | $44543 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6094 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6094 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1056 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1056 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2798 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2798 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8124 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8124 |
| &nbsp;&nbsp;&nbsp; Egypt | &nbsp;&nbsp;&nbsp;&nbsp; 1061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8810 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8810 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 46405 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 46405 |

---

------

**JPMorgan International Value Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued) <br>(Dollar values in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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** |
| &nbsp;&nbsp;&nbsp; Germany | $— | $40324 | $— | $40324 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7731 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7731 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1608 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1608 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15811 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15811 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84313 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84313 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2216 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2216 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27088 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27088 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; 1235 | &nbsp;&nbsp;&nbsp;&nbsp; 10153 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11388 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5671 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5671 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3285 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3285 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11354 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11354 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8899 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8899 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24462 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24462 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 4070 | &nbsp;&nbsp;&nbsp;&nbsp; 53995 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58065 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10490 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10490 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 6366 | &nbsp;&nbsp; 425230 | &nbsp;&nbsp; — | &nbsp;&nbsp; 431596 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10500 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2020 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp; 12520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12520 |
| **Total Investments in Securities** | $18886 | $425230 | $— | $444116 |

---

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<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>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class Institutional Shares, 4.45% (a) (b)<br>| $15394 | $17947 | $22844 | $3 | $—(c) | $10500 | 10494 | $73 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 4.57% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; —(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706 | &nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund <br> Class IM Shares, 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3290 | &nbsp;&nbsp; 22044 | &nbsp;&nbsp; 24020 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1314 | &nbsp;&nbsp; 1314 | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp; — |
| **Total** | $19389 | $47991 | $54864 | $4 | $—(c) | $12520 |  | $120 | $— |

---

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

(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 January 31, 2023.

(c) Amount rounds to less than one thousand.

------

## 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 I

- **b. Investment Company Act file number:** 811-21295

- **c. CIK number of Registrant:** 0001217286

- **d. LEI of Registrant:** 549300DM5WZMCZZ70R78

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan International Value Fund

- **b. EDGAR series identifier (if any):** S000002627

- **c. LEI of Series:** NV3LQK78SNLPSWXGBJ59

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $446218115.23

**Total Liabilities:** $3736925.68

**Net Assets:** $442481189.55

**Cash Not Reported:** $71971.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007228 | 13.39%               | 0.41%                | 8.26%                |
| Class ID C000173219 | 13.49%               | 0.33%                | 8.33%                |
| Class ID C000070620 | 13.40%               | 0.33%                | 8.25%                |
| Class ID C000007227 | 13.42%               | 0.38%                | 8.30%                |
| Class ID C000034831 | 13.39%               | 0.30%                | 8.24%                |
| Class ID C000007229 | 13.34%               | 0.34%                | 8.28%                |
| Class ID C000093774 | 13.37%               | 0.44%                | 8.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-934482.76              | $48325983.42                               |
| Month 2  | $-289814.77              | $604316.59                                 |
| Month 3  | $-101275.58              | $33821505.45                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orange SA                                     | Orange SA                                                             | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    176543 | NS      | $1868311.62   | 0.42%             |  |  |  | No            |                  2 | On Loan: —       |
| Mizuho Financial Group, Inc.                  | Mizuho Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    177810 | NS      | $2777474.61   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co. Ltd.                             | Mitsui & Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     94500 | NS      | $2788009.26   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund              | JPMorgan Prime Money Market Fund, Class Institutional                 | CUSIP: 4812A2603<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  10493501 | NS      | $10499797.16  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                | BAWAG Group AG                                                        | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     14323 | NS      | $887236.27    | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      5734 | NS      | $2071164.13   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd.                                | Rio Tinto Ltd.                                                        | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     41637 | NS      | $3736393.44   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                            | Anglo American plc                                                    | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     76160 | NS      | $3284812.08   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                  | ING Groep NV                                                          | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    287858 | NS      | $4168259.22   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co. Ltd.                        | Credit Saison Co. Ltd.                                                | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |     91800 | NS      | $1202715.43   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                   | NN Group NV                                                           | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     26302 | NS      | $1142771.30   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp.                  | Tokyu Fudosan Holdings Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    219400 | NS      | $1113286.97   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                  | Subaru Corp.                                                          | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     94700 | NS      | $1556076.66   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                    | Freenet AG                                                            | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     20951 | NS      | $509303.08    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 Nord Norge                        | SpareBank 1 Nord Norge                                                | CUSIP: N/A<br>LEI: 549300SXM92LQ05OJQ76       | Long             | EC               | CORP              | NO        |     80225 | NS      | $746725.58    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoegh Autoliners ASA                          | Hoegh Autoliners ASA                                                  | CUSIP: N/A<br>LEI: 549300D7GNMPKTA4HD46       | Long             | EC               | CORP              | NO        |    129513 | NS      | $804460.81    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd.                        | Julius Baer Group Ltd.                                                | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |     15357 | NS      | $985065.02    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Europris ASA                                  | Europris ASA                                                          | CUSIP: N/A<br>LEI: 5967007LIEEXZXGA8G28       | Long             | EC               | CORP              | NO        |    133030 | NS      | $857059.16    | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sanofi                                        | Sanofi                                                                | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     63509 | NS      | $6219085.53   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.            | Oversea-Chinese Banking Corp. Ltd.                                    | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    206800 | NS      | $2043257.72   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                       | GSK plc                                                               | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    295599 | NS      | $5192207.88   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings plc                   | Berkeley Group Holdings plc                                           | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |     10108 | NS      | $517607.38    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                | Sumitomo Corp.                                                        | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     93900 | NS      | $1685498.32   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co. Ltd.                       | Japan Airlines Co. Ltd.                                               | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |     66100 | NS      | $1401821.32   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| StarHub Ltd.                                  | StarHub Ltd.                                                          | CUSIP: N/A<br>LEI: 254900993L0UTJFD3A68       | Long             | EC               | CORP              | SG        |    378200 | NS      | $328947.68    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Jyske Bank A/S                                | Jyske Bank A/S (Registered)                                           | CUSIP: N/A<br>LEI: 3M5E1GQGKL17HI6CPN30       | Long             | EC               | CORP              | DK        |     11014 | NS      | $794367.31    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group plc                                | Drax Group plc                                                        | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    122375 | NS      | $977345.47    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Inchcape plc                                  | Inchcape plc                                                          | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |    137543 | NS      | $1550759.58   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Hi-Fi Ltd.                                 | JB Hi-Fi Ltd.                                                         | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |     11303 | NS      | $388625.66    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                        | Mercedes-Benz Group AG                                                | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     50894 | NS      | $3787125.77   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurubis AG                                    | Aurubis AG                                                            | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |      7209 | NS      | $762401.09    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                      | Svenska Handelsbanken AB, Class A                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |    172382 | NS      | $1797603.42   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Group plc                                 | Man Group plc                                                         | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               | CORP              | JE        |    270548 | NS      | $832329.30    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                  | Barclays plc                                                          | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    969359 | NS      | $2228354.98   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                      | Lloyds Banking Group plc                                              | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   5733839 | NS      | $3731558.56   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group plc                     | Bank of Ireland Group plc                                             | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    150463 | NS      | $1607522.88   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                | BNP Paribas SA                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     74439 | NS      | $5112609.72   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co. Ltd.                         | Yamaha Motor Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |     55400 | NS      | $1364540.11   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Legal & General Group plc                     | Legal & General Group plc                                             | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |    751752 | NS      | $2365720.28   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Holdings, Inc.          | Sumitomo Mitsui Trust Holdings, Inc.                                  | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |     50200 | NS      | $1828717.62   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain                           | Cie de Saint-Gobain                                                   | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     24617 | NS      | $1413782.75   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                              | Deutsche Post AG (Registered)                                         | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     59940 | NS      | $2580817.69   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobilezone Holding AG                         | Mobilezone Holding AG (Registered)                                    | CUSIP: N/A<br>LEI: 506700P3R89PJL1LM545       | Long             | EC               | CORP              | CH        |     50897 | NS      | $924189.08    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                         | Swiss Life Holding AG (Registered)                                    | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |      2529 | NS      | $1496783.05   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Maire Tecnimont SpA                           | Maire Tecnimont SpA                                                   | CUSIP: N/A<br>LEI: 815600D85A61200A1B83       | Long             | EC               | CORP              | IT        |    251529 | NS      | $969411.89    | 0.22%             |  |  |  | No            |                  2 | On Loan: —       |
| Kerry Properties Ltd.                         | Kerry Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | BM        |    613000 | NS      | $1554204.56   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Dentsu Group, Inc.                            | Dentsu Group, Inc.                                                    | CUSIP: N/A<br>LEI: 5299007PBBE83ZLJZG91       | Long             | EC               | CORP              | JP        |     37700 | NS      | $1214274.82   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co. Ltd.                    | Mitsubishi Estate Co. Ltd.                                            | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |    146600 | NS      | $1884267.64   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA                                      | Ageas SA                                                              | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     18485 | NS      | $902474.38    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Balfour Beatty plc                            | Balfour Beatty plc                                                    | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |    248640 | NS      | $1123147.27   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                  | UBS Group AG (Registered)                                             | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    245502 | NS      | $5240336.37   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                       | SSAB AB, Class B                                                      | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    188822 | NS      | $1286759.56   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                       | Eni SpA                                                               | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    209117 | NS      | $3217941.57   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                            | Publicis Groupe SA                                                    | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     20067 | NS      | $1415518.86   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                | Prudential plc                                                        | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    222572 | NS      | $3698049.77   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                  | Glencore plc                                                          | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |    695055 | NS      | $4654705.49   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                      | Bayer AG (Registered)                                                 | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     63978 | NS      | $3982306.51   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Rothschild & Co.                              | Rothschild & Co.                                                      | CUSIP: N/A<br>LEI: 549300ILF3L0BBIDPZ11       | Long             | EC               | CORP              | FR        |     28138 | NS      | $1188493.86   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co. Ltd.                             | Kandenko Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |     41200 | NS      | $276911.30    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                        | AXA SA                                                                | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    117014 | NS      | $3650722.77   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                        | OMV AG                                                                | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     29019 | NS      | $1453568.44   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co. Ltd.                             | Kamigumi Co. Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     22900 | NS      | $468454.11    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon NV                                      | Aegon NV                                                              | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | NL        |    336893 | NS      | $1858231.70   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                                   | HOCHTIEF AG                                                           | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      4410 | NS      | $279587.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hachijuni Bank Ltd. (The)                     | Hachijuni Bank Ltd. (The)                                             | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |    318800 | NS      | $1384665.65   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings, Inc.                         | Resona Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |    190300 | NS      | $1053067.94   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                  | Hitachi Ltd.                                                          | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     73700 | NS      | $3865010.29   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                            | Banco Santander SA                                                    | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    943844 | NS      | $3298677.57   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                    | Eiffage SA                                                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     11452 | NS      | $1223194.55   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| D/S Norden A/S                                | D/S Norden A/S                                                        | CUSIP: N/A<br>LEI: 529900RGXD3CBR3BRU63       | Long             | EC               | CORP              | DK        |     22152 | NS      | $1194112.26   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                         | Westpac Banking Corp.                                                 | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |    250550 | NS      | $4215725.85   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Spar Nord Bank A/S                            | Spar Nord Bank A/S                                                    | CUSIP: N/A<br>LEI: 549300DHT635Q5P8J715       | Long             | EC               | CORP              | DK        |     83060 | NS      | $1323051.58   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co. Ltd.                 | Japan Post Insurance Co. Ltd.                                         | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               | CORP              | JP        |     73900 | NS      | $1318373.54   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Storebrand ASA                                | Storebrand ASA                                                        | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |     59583 | NS      | $518703.79    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mediobanca Banca di Credito Finanziario SpA   | Mediobanca Banca di Credito Finanziario SpA                           | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |     73297 | NS      | $787938.76    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmo Energy Holdings Co. Ltd.                | Cosmo Energy Holdings Co. Ltd.                                        | CUSIP: N/A<br>LEI: 353800Y4GZ7KR5X7L150       | Long             | EC               | CORP              | JP        |     52700 | NS      | $1477917.60   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco plc                                     | Tesco plc                                                             | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    598587 | NS      | $1819334.94   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                   | Randstad NV                                                           | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     12615 | NS      | $808601.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                | Commerzbank AG                                                        | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |    194168 | NS      | $2219619.85   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                  | 3i Group plc                                                          | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |    103840 | NS      | $2025892.48   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                        | BP plc                                                                | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   1202597 | NS      | $7263992.21   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyo General Lease Co. Ltd.                   | Fuyo General Lease Co. Ltd.                                           | CUSIP: N/A<br>LEI: 353800IE82QJT7UQJK58       | Long             | EC               | CORP              | JP        |     16000 | NS      | $1099642.45   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Renault SA                                    | Renault SA                                                            | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |     46178 | NS      | $1877571.65   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                       | ISS A/S                                                               | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |     46788 | NS      | $1022959.53   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSOS                                         | IPSOS                                                                 | CUSIP: N/A<br>LEI: 9695002OY2X35E9X8W87       | Long             | EC               | CORP              | FR        |     18066 | NS      | $1170813.93   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Chiba Bank Ltd. (The)                         | Chiba Bank Ltd. (The)                                                 | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               | CORP              | JP        |     98300 | NS      | $743777.85    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Redrow plc                                    | Redrow plc                                                            | CUSIP: N/A<br>LEI: 2138008WJZBBA7EYEL28       | Long             | EC               | CORP              | GB        |     47959 | NS      | $307621.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Tobacco, Inc.                           | Japan Tobacco, Inc.                                                   | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |    124200 | NS      | $2532676.66   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Basin Shipping Ltd.                   | Pacific Basin Shipping Ltd.                                           | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | BM        |   3041000 | NS      | $1073136.59   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                           | Societe Generale SA                                                   | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     89670 | NS      | $2669169.75   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                               | Danske Bank A/S                                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     92982 | NS      | $1937148.24   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Pirelli & C SpA                               | Pirelli & C SpA                                                       | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |    195938 | NS      | $981000.63    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| IG Group Holdings plc                         | IG Group Holdings plc                                                 | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |     55661 | NS      | $547274.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp.                           | Toyota Tsusho Corp.                                                   | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     42600 | NS      | $1803776.13   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                 | Koninklijke Ahold Delhaize NV                                         | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     57875 | NS      | $1727393.38   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Olav Thon Eiendomsselskap ASA                 | Olav Thon Eiendomsselskap ASA                                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXGOW838       | Long             | EC               | CORP              | NO        |     24380 | NS      | $431100.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia OYJ                                     | Nokia OYJ                                                             | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    370320 | NS      | $1755878.21   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Ltd.                            | Sekisui House Ltd.                                                    | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |     63600 | NS      | $1201992.92   | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Investec plc                                  | Investec plc                                                          | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |    232243 | NS      | $1481996.38   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd.                           | Qantas Airways Ltd.                                                   | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    267989 | NS      | $1209657.23   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| DS Smith plc                                  | DS Smith plc                                                          | CUSIP: N/A<br>LEI: 39RSBE4RCI4M15BLWH36       | Long             | EC               | CORP              | GB        |    318418 | NS      | $1394005.98   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                       | DBS Group Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     64300 | NS      | $1760294.27   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Solar A/S                                     | Solar A/S, Class B                                                    | CUSIP: N/A<br>LEI: 21380031XTLI9X5MTY92       | Long             | EC               | CORP              | DK        |      8792 | NS      | $812311.71    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| OVS SpA                                       | OVS SpA                                                               | CUSIP: N/A<br>LEI: 8156001A772766DCAA71       | Long             | EC               | CORP              | IT        |    493291 | NS      | $1187662.22   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ITOCHU Corp.                                  | ITOCHU Corp.                                                          | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     49100 | NS      | $1587002.18   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                    | Woodside Energy Group Ltd.                                            | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |    118676 | NS      | $3072982.93   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                | BHP Group Ltd.                                                        | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    310352 | NS      | $10869196.00  | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.         | Sumitomo Mitsui Financial Group, Inc.                                 | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     92900 | NS      | $4037535.68   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp.                            | Nippon Steel Corp.                                                    | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |    103900 | NS      | $2162651.47   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                              | Unicaja Banco SA                                                      | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |    540707 | NS      | $664611.09    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Warehouse Co. Ltd. (The)             | Sumitomo Warehouse Co. Ltd. (The)                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     69700 | NS      | $1073172.04   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                    | CK Hutchison Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |    276000 | NS      | $1756450.69   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG                         | Deutsche Lufthansa AG (Registered)                                    | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |    151649 | NS      | $1606677.31   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                     | Talanx AG                                                             | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |      9731 | NS      | $481400.05    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP plc                                       | WPP plc                                                               | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |    106048 | NS      | $1239037.28   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Schaeffler AG                                 | Schaeffler AG (Preference)                                            | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | EC               | CORP              | DE        |     90156 | NS      | $647094.81    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.          | Mitsubishi UFJ Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    855100 | NS      | $6263506.17   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                 | Stellantis NV                                                         | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |    130644 | NS      | $2053852.38   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Assicurazioni Generali SpA                    | Assicurazioni Generali SpA                                            | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     84160 | NS      | $1642913.24   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Virgin Money UK plc                           | Virgin Money UK plc                                                   | CUSIP: N/A<br>LEI: 213800ZK9VGCYYR6O495       | Long             | EC               | CORP              | GB        |    512491 | NS      | $1226240.49   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                      | Daimler Truck Holding AG                                              | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |     25447 | NS      | $855111.66    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                              | Mitsubishi Corp.                                                      | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |    102800 | NS      | $3442356.22   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                           | Erste Group Bank AG                                                   | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     51920 | NS      | $1970059.57   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 SMN                               | SpareBank 1 SMN                                                       | CUSIP: N/A<br>LEI: 7V6Z97IO7R1SEAO84Q32       | Long             | EC               | CORP              | NO        |     42569 | NS      | $542872.68    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                                  | Securitas AB, Class B                                                 | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |    145902 | NS      | $1335522.56   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                               | Norsk Hydro ASA                                                       | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    169935 | NS      | $1377807.53   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Concordia Financial Group Ltd.                | Concordia Financial Group Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    147500 | NS      | $648168.87    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujikura Ltd.                                 | Fujikura Ltd.                                                         | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |    145200 | NS      | $1103717.33   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                              | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      3085 | NS      | $963045.69    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                    | Allianz SE (Registered)                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     27250 | NS      | $6515852.98   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp.                                    | KDDI Corp.                                                            | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    104900 | NS      | $3277438.37   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| TietoEVRY OYJ                                 | TietoEVRY OYJ                                                         | CUSIP: N/A<br>LEI: 549300EW2KM4KROKQV31       | Long             | EC               | CORP              | FI        |     35431 | NS      | $1079017.32   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd.                          | Whitehaven Coal Ltd.                                                  | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |    188330 | NS      | $1119837.11   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Sopra Steria Group SACA                       | Sopra Steria Group SACA                                               | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |      2801 | NS      | $465870.95    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB              | Skandinaviska Enskilda Banken AB, Class A                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |    168992 | NS      | $2045785.05   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                       | Australia & New Zealand Banking Group Ltd.                            | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |    177164 | NS      | $3152883.04   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Share Class IM            | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   1314437 | NS      | $1314437.37   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                       | E.ON SE                                                               | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    127261 | NS      | $1387514.94   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp.                                  | Sojitz Corp.                                                          | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |     70520 | NS      | $1398152.43   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion plc                         | JD Sports Fashion plc                                                 | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |    663844 | NS      | $1338058.49   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                     | Shell plc                                                             | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    419465 | NS      | $12314565.61  | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 plc                                      | JET2 plc                                                              | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |     54408 | NS      | $820177.62    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                | Marubeni Corp.                                                        | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    185500 | NS      | $2275822.62   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                              | ABN AMRO Bank NV                                                      | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     91139 | NS      | $1512684.27   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA            | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    518008 | NS      | $3659091.18   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                     | Loomis AB                                                             | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |     31178 | NS      | $927153.59    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Elkem ASA                                     | Elkem ASA                                                             | CUSIP: N/A<br>LEI: 549300CVBE06T0SH6T76       | Long             | EC               | CORP              | NO        |    328710 | NS      | $1164354.76   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tokyo Tatemono Co. Ltd.                       | Tokyo Tatemono Co. Ltd.                                               | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |     35100 | NS      | $435152.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                  | Carrefour SA                                                          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |     81263 | NS      | $1545701.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Foods plc                             | Premier Foods plc                                                     | CUSIP: N/A<br>LEI: 213800ZD5I8XHNMCJA67       | Long             | EC               | CORP              | GB        |    451158 | NS      | $618663.26    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Forestry Co. Ltd.                    | Sumitomo Forestry Co. Ltd.                                            | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |     78200 | NS      | $1462144.60   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co. Ltd.                  | Japan Post Holdings Co. Ltd.                                          | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |    193200 | NS      | $1696192.18   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Pfandbriefbank AG                    | Deutsche Pfandbriefbank AG                                            | CUSIP: N/A<br>LEI: DZZ47B9A52ZJ6LT6VV95       | Long             | EC               | CORP              | DE        |     77409 | NS      | $706076.55    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                | Takeda Pharmaceutical Co. Ltd.                                        | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |    115400 | NS      | $3627875.53   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                       | SPIE SA                                                               | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     25312 | NS      | $691024.40    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                     | Zurich Insurance Group AG                                             | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      8925 | NS      | $4413670.73   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co. Ltd.                       | Mitsui Fudosan Co. Ltd.                                               | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |     74300 | NS      | $1392653.86   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                 | UniCredit SpA                                                         | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    175562 | NS      | $3428924.65   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                    | Tenaris SA                                                            | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |     73549 | NS      | $1303343.55   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                        | Standard Chartered plc                                                | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    162936 | NS      | $1368600.22   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury plc                               | J Sainsbury plc                                                       | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |    449492 | NS      | $1457739.75   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Persimmon plc                                 | Persimmon plc                                                         | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |     72351 | NS      | $1263632.56   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                            | Azimut Holding SpA                                                    | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |     21694 | NS      | $541605.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                              | ArcelorMittal SA                                                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     71443 | NS      | $2216371.00   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                    | Siemens AG (Registered)                                               | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     21463 | NS      | $3352633.86   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Derichebourg SA                               | Derichebourg SA                                                       | CUSIP: N/A<br>LEI: 969500QOO4C4IPGID263       | Long             | EC               | CORP              | FR        |    140108 | NS      | $961596.50    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane SpA                            | Poste Italiane SpA                                                    | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |    126319 | NS      | $1349596.25   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MEKO AB                                       | MEKO AB                                                               | CUSIP: N/A<br>LEI: 529900R809HC1RFRQA91       | Long             | EC               | CORP              | SE        |     33995 | NS      | $376778.89    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                 | Stellantis NV                                                         | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |     62158 | NS      | $977116.08    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                 | Volkswagen AG (Preference)                                            | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     13543 | NS      | $1878288.49   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                                    | ANDRITZ AG                                                            | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |     12239 | NS      | $731910.78    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                    | ORIX Corp.                                                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    119200 | NS      | $2095892.34   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp.                                   | Inpex Corp.                                                           | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    147000 | NS      | $1615331.20   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                 | Rio Tinto plc                                                         | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     53732 | NS      | $4207283.57   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                  | Centrica plc                                                          | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   1305123 | NS      | $1625926.53   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                   | Equinor ASA                                                           | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     83425 | NS      | $2542515.67   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellway plc                                   | Bellway plc                                                           | CUSIP: N/A<br>LEI: 213800CY4L3HST4FGZ98       | Long             | EC               | CORP              | GB        |      8805 | NS      | $230300.43    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                | SoftBank Corp.                                                        | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |    210700 | NS      | $2410850.90   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Telegraph & Telephone Corp.            | Nippon Telegraph & Telephone Corp.                                    | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |     61800 | NS      | $1853105.38   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Heijmans NV                                   | Heijmans NV                                                           | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |     99855 | NS      | $1211240.62   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd.                   | Hongkong Land Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |    287500 | NS      | $1405522.90   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                              | TotalEnergies SE                                                      | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    152406 | NS      | $9421860.05   | 2.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Shizuoka Financial Group, Inc.                | Shizuoka Financial Group, Inc.                                        | CUSIP: N/A<br>LEI: 353800MNO5C8V2SHGA81       | Long             | EC               | CORP              | JP        |     90800 | NS      | $769224.89    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                      | Engie SA                                                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    154371 | NS      | $2192048.45   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group plc                                  | BT Group plc                                                          | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |    575362 | NS      | $886456.99    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                   | Bayerische Motoren Werke AG                                           | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     23074 | NS      | $2350426.07   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Austria AG                            | Telekom Austria AG                                                    | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |    156326 | NS      | $1050773.82   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Sydbank A/S                                   | Sydbank A/S                                                           | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |     22815 | NS      | $1040324.97   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Metcash Ltd.                                  | Metcash Ltd.                                                          | CUSIP: N/A<br>LEI: 25490065W4SN3LZMX216       | Long             | EC               | CORP              | AU        |    135683 | NS      | $402085.95    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                    | Boliden AB                                                            | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     25176 | NS      | $1129823.81   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipol Gruppo SpA                             | Unipol Gruppo SpA                                                     | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |    214367 | NS      | $1122717.74   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                   | BOC Hong Kong Holdings Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    315500 | NS      | $1102637.11   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                               | Nordea Bank Abp                                                       | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    276904 | NS      | $3237115.04   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd.                                  | South32 Ltd.                                                          | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |    597857 | NS      | $1918482.23   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Outokumpu OYJ                                 | Outokumpu OYJ                                                         | CUSIP: N/A<br>LEI: 5493009YRUJJDCFF0R80       | Long             | EC               | CORP              | FI        |    236095 | NS      | $1352013.14   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.        | Yangzijiang Shipbuilding Holdings Ltd.                                | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |   1719400 | NS      | $1695073.60   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Coface SA                                     | Coface SA                                                             | CUSIP: N/A<br>LEI: 96950025N07LTJYFSN57       | Long             | EC               | CORP              | FR        |     41336 | NS      | $577996.66    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenet Group Holding NV                      | Telenet Group Holding NV                                              | CUSIP: N/A<br>LEI: 213800FA3K4S56INQI67       | Long             | EC               | CORP              | BE        |      8936 | NS      | $154030.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HeidelbergCement AG                           | HeidelbergCement AG                                                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     12104 | NS      | $830545.38    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                  | National Australia Bank Ltd.                                          | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     53399 | NS      | $1204902.54   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                  | CaixaBank SA                                                          | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    292740 | NS      | $1298875.70   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                           | Deutsche Telekom AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     69113 | NS      | $1539754.30   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Steel Manufacturing Co. Ltd.            | Tokyo Steel Manufacturing Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     53200 | NS      | $578833.80    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                   | Novartis AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |    126110 | NS      | $11401489.20  | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hope Corp. Ltd.                           | New Hope Corp. Ltd.                                                   | CUSIP: N/A<br>LEI: 254900DHRUGXZSLSNZ83       | Long             | EC               | CORP              | AU        |    297346 | NS      | $1232323.38   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                           | Technip Energies NV                                                   | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |     78601 | NS      | $1523861.56   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd.                          | BlueScope Steel Ltd.                                                  | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |    126505 | NS      | $1725084.69   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Developments plc                      | Barratt Developments plc                                              | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |    139278 | NS      | $791618.98    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Verallia SA                                   | Verallia SA                                                           | CUSIP: N/A<br>LEI: 5299007YZU978DE0ZY32       | Long             | EC               | CORP              | FR        |     32925 | NS      | $1215649.40   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Paragon Banking Group plc                     | Paragon Banking Group plc                                             | CUSIP: N/A<br>LEI: 213800S1TDKIB1IUTS72       | Long             | EC               | CORP              | GB        |     74659 | NS      | $553180.53    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Crest Nicholson Holdings plc                  | Crest Nicholson Holdings plc                                          | CUSIP: N/A<br>LEI: 213800ROIFXRRRKVQD25       | Long             | EC               | CORP              | GB        |     84092 | NS      | $253040.22    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortum OYJ                                    | Fortum OYJ                                                            | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |     92232 | NS      | $1386453.48   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.             | Nomura Real Estate Holdings, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     54100 | NS      | $1192388.22   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                             | HSBC Holdings plc                                                     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   1224879 | NS      | $9025336.35   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke BAM Groep NV                      | Koninklijke BAM Groep NV                                              | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |    372235 | NS      | $948681.61    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                             | Isuzu Motors Ltd.                                                     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    114900 | NS      | $1452950.56   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Coronado Global Resources, Inc.               | Coronado Global Resources, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    988790 | NS      | $1432654.03   | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aiful Corp.                                   | Aiful Corp.                                                           | CUSIP: N/A<br>LEI: 5299005WK14QZ676ZY35       | Long             | EC               | CORP              | JP        |    138200 | NS      | $417846.17    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Credito Emiliano SpA                          | Credito Emiliano SpA                                                  | CUSIP: N/A<br>LEI: 8156004B244AA70DE787       | Long             | EC               | CORP              | IT        |     68262 | NS      | $581377.15    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                             | NatWest Group plc                                                     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    370725 | NS      | $1414337.72   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                     | Repsol SA                                                             | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    148100 | NS      | $2432815.04   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Energean plc                                  | Energean plc                                                          | CUSIP: N/A<br>LEI: 549300RVMKU0CYUZBB05       | Long             | EC               | CORP              | GB        |     73903 | NS      | $1061446.81   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |    706307 | NS      | $706306.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                  | DNB Bank ASA                                                          | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     99855 | NS      | $1867245.18   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 SR-Bank ASA                       | SpareBank 1 SR-Bank ASA                                               | CUSIP: N/A<br>LEI: 549300Q3OIWRHQUQM052       | Long             | EC               | CORP              | NO        |     46139 | NS      | $534949.08    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB Group plc                                 | OSB Group plc                                                         | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |    205791 | NS      | $1387421.13   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                              | ASR Nederland NV                                                      | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     29489 | NS      | $1395759.19   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                     | United Overseas Bank Ltd.                                             | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     67700 | NS      | $1538864.29   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey plc                             | Taylor Wimpey plc                                                     | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |    325245 | NS      | $471905.63    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva plc                                     | Aviva plc                                                             | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |    209859 | NS      | $1183573.91   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                              | Deutsche Bank AG (Registered)                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |    148407 | NS      | $1980598.35   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitie Group plc                               | Mitie Group plc                                                       | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |    948183 | NS      | $911794.59    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer