# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-016732
**Filing Date:** 2023-1
**Character Count:** 206886
**Document Hash:** 2e7ed3ba79217e4ff5aa88aeb2ebd9d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016732.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016732

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230228

**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:** 23563118

**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 Managed Income Fund (Series ID: S000029581)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000090816 | Class L      | JMGIX           |
| C000190446 | Class I      | JMGLX           |

## Nport-Ex

**JPMorgan Managed Income Fund**

**Schedule of Portfolio Investments as of November 30, 2022**

**(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., 2022. |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>| <br> **VALUE** <br>**($000)**<br>|
| **Corporate Bonds — 43.5%** | **Corporate Bonds — 43.5%** | **Corporate Bonds — 43.5%** |
| **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp. 3.25%, 8/1/2023 | 11530 | 11402 |
| **Automobiles — 1.4%** | **Automobiles — 1.4%** | **Automobiles — 1.4%** |
| &nbsp;&nbsp;&nbsp; BMW US Capital LLC (Germany) 3.80%, 4/6/2023 (a) | 22369 | 22291 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 2/10/2023 (a) | 19938 | 19817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 4/3/2023 (a) | 40000 | 39344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 4/6/2023 (a) | 2667 | 2670 |
| &nbsp;&nbsp;&nbsp; Kia Corp. (South Korea) 3.00%, 4/25/2023 (a) (b) | 3400 | 3365 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 2/22/2023 (a) | 2723 | 2713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 3/10/2023 (a) | 9351 | 9272 |
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 5/12/2023 (a) | &nbsp;&nbsp; 15738 | &nbsp;&nbsp;&nbsp;&nbsp; 15592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/22/2023 (a) | &nbsp;&nbsp; 12135 | &nbsp;&nbsp;&nbsp;&nbsp; 11614 |
|  |  | &nbsp;&nbsp;&nbsp; 126678 |
| **Banks — 17.0%** | **Banks — 17.0%** | **Banks — 17.0%** |
| &nbsp;&nbsp;&nbsp; ASB Bank Ltd. (New Zealand) 3.75%, 6/14/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 8042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7992 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA (Spain) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 2/23/2023 | &nbsp;&nbsp; 42504 | &nbsp;&nbsp;&nbsp;&nbsp; 42271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 4/12/2023 | &nbsp;&nbsp; 48000 | &nbsp;&nbsp;&nbsp;&nbsp; 47744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 0.70%, 6/30/2024 (c) | &nbsp;&nbsp; 47200 | &nbsp;&nbsp;&nbsp;&nbsp; 45670 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.79%), 3.00%, 12/20/2023 (c) | &nbsp;&nbsp; 55933 | &nbsp;&nbsp;&nbsp;&nbsp; 55867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.41%), 0.52%, 6/14/2024 (c) | &nbsp;&nbsp; 44783 | &nbsp;&nbsp;&nbsp;&nbsp; 43461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.11%), 3.84%, 4/25/2025 (c) | &nbsp;&nbsp; 29078 | &nbsp;&nbsp;&nbsp;&nbsp; 28357 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.68%), 4.51%, 3/10/2023 (c) | &nbsp;&nbsp; 65746 | &nbsp;&nbsp;&nbsp;&nbsp; 65768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.27%), 4.09%, 4/14/2023 (c) | &nbsp;&nbsp; 88888 | &nbsp;&nbsp;&nbsp;&nbsp; 88778 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 2/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 5/1/2023 | &nbsp;&nbsp; 29963 | &nbsp;&nbsp;&nbsp;&nbsp; 29531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 6/15/2023 (b) | &nbsp;&nbsp; 19996 | &nbsp;&nbsp;&nbsp;&nbsp; 19520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40%, 9/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.55%), 4.38%, 9/15/2023 (c) | &nbsp;&nbsp; 52759 | &nbsp;&nbsp;&nbsp;&nbsp; 52661 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 7/20/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 8740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.96%), 5.20%, 7/20/2023 (a) (c) | &nbsp;&nbsp; 12474 | &nbsp;&nbsp;&nbsp;&nbsp; 12487 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 3/1/2023 (a) | 125534 | &nbsp;&nbsp;&nbsp; 124908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 1/10/2024 (a) | &nbsp;&nbsp; 15201 | &nbsp;&nbsp;&nbsp;&nbsp; 14943 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.80%), 4.65%, 3/17/2023 (c) | &nbsp;&nbsp; 11361 | &nbsp;&nbsp;&nbsp;&nbsp; 11365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.40%), 4.23%, 12/14/2023 (c) | &nbsp;&nbsp; 37574 | &nbsp;&nbsp;&nbsp;&nbsp; 37312 |
| &nbsp;&nbsp;&nbsp; Capital One NA 3.38%, 2/15/2023 | &nbsp;&nbsp; 29940 | &nbsp;&nbsp;&nbsp;&nbsp; 29840 |
| &nbsp;&nbsp;&nbsp; Citizens Bank NA 3.70%, 3/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 6865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6837 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA (Netherlands) 2.75%, 1/10/2023 | &nbsp;&nbsp; 10831 | &nbsp;&nbsp;&nbsp;&nbsp; 10812 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 4/24/2023 (a) | 85025 | 84476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.02%), 5.34%, 4/24/2023 (a) (c) | 12730 | 12749 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA (Norway) 2.15%, 12/2/2022 (a) | 49333 | 49333 |
| &nbsp;&nbsp;&nbsp; Federation des Caisses Desjardins du Quebec (Canada) (SOFR + 0.43%), 4.24%, 5/21/2024 (a) (c) | 25463 | 25147 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 5/25/2023 | 15631 | 15520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.53%), 0.73%, 8/17/2024 (c) | 34788 | 33303 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (Netherlands) 4.10%, 10/2/2023 | 2951 | 2922 |
| &nbsp;&nbsp;&nbsp; KeyBank NA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.34%), 4.16%, 1/3/2024 (c) | 10875 | 10806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.32%), 0.43%, 6/14/2024 (c) | &nbsp;&nbsp; 58259 | &nbsp;&nbsp;&nbsp;&nbsp; 56584 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 3/2/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.86%), 5.19%, 7/26/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.68%), 0.85%, 9/15/2024 (c) | &nbsp;&nbsp; 76361 | &nbsp;&nbsp;&nbsp;&nbsp; 73409 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 3/5/2023 | &nbsp;&nbsp; 23635 | &nbsp;&nbsp;&nbsp;&nbsp; 23551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.79%), 3.95%, 3/5/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 9938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.25%), 1.24%, 7/10/2024 (c) | &nbsp;&nbsp; 37653 | &nbsp;&nbsp;&nbsp;&nbsp; 36584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.87%), 0.85%, 9/8/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 8168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7847 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. (Australia) 1.88%, 12/13/2022 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 4120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4117 |
| &nbsp;&nbsp;&nbsp; National Bank of Canada (Canada) 2.10%, 2/1/2023 | &nbsp;&nbsp; 42595 | &nbsp;&nbsp;&nbsp;&nbsp; 42423 |
| &nbsp;&nbsp;&nbsp; NatWest Markets plc (United Kingdom) 2.38%, 5/21/2023 (a) | &nbsp;&nbsp; 47876 | &nbsp;&nbsp;&nbsp;&nbsp; 47072 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 6/9/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 8183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 8/30/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.94%), 5.67%, 8/30/2023 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 9568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9580 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.45%), 4.26%, 10/26/2023 (c) | &nbsp;&nbsp; 33079 | &nbsp;&nbsp;&nbsp;&nbsp; 32924 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 9/14/2023 (a) | &nbsp;&nbsp; 26329 | &nbsp;&nbsp;&nbsp;&nbsp; 26041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 3/28/2024 (a) | &nbsp;&nbsp; 16721 | &nbsp;&nbsp;&nbsp;&nbsp; 16332 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 1/17/2023 | &nbsp;&nbsp; 20340 | &nbsp;&nbsp;&nbsp;&nbsp; 20294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.74%), 4.82%, 1/17/2023 (c) | &nbsp;&nbsp; 12757 | &nbsp;&nbsp;&nbsp;&nbsp; 12757 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 9/12/2023 (a) | &nbsp;&nbsp; 39389 | &nbsp;&nbsp;&nbsp;&nbsp; 38028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.44%), 4.27%, 9/16/2024 (a) (c) | &nbsp;&nbsp; 25847 | &nbsp;&nbsp;&nbsp;&nbsp; 25658 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) (SOFR + 0.48%), 4.29%, 1/27/2023 (c) | &nbsp;&nbsp; 10261 | &nbsp;&nbsp;&nbsp;&nbsp; 10262 |
| &nbsp;&nbsp;&nbsp; Truist Bank (SOFR + 0.20%), 4.02%, 1/17/2024 (c) | &nbsp;&nbsp; 58660 | &nbsp;&nbsp;&nbsp;&nbsp; 58126 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.39%), 4.33%, 1/13/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 2236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2235 |
|  |  | 1601114 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Beverages — 0.7%** | **Beverages — 0.7%** | **Beverages — 0.7%** |
| &nbsp;&nbsp;&nbsp; Beam Suntory, Inc. (Japan) 3.25%, 6/15/2023 | 2000 | 1980 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners plc (United Kingdom) 0.50%, 5/5/2023 (a) | 47359 | 46343 |
| &nbsp;&nbsp;&nbsp; Heineken NV (Netherlands) 2.75%, 4/1/2023 (a) | 9513 | 9433 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. 2.75%, 3/1/2023 | 2744 | 2731 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 60487 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. 2.85%, 5/14/2023 | 14634 | 14490 |
| **Building Products — 0.0% ^** | **Building Products — 0.0% ^** | **Building Products — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. 0.55%, 9/1/2023 | 2027 | 1956 |
| **Capital Markets — 6.0%** | **Capital Markets — 6.0%** | **Capital Markets — 6.0%** |
| &nbsp;&nbsp;&nbsp; Credit Suisse AG (Switzerland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 5/5/2023 | &nbsp;&nbsp; 50805 | &nbsp;&nbsp;&nbsp;&nbsp; 48761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series FXD, 0.52%, 8/9/2023 | &nbsp;&nbsp; 41195 | &nbsp;&nbsp;&nbsp;&nbsp; 39252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.39%), 4.20%, 2/2/2024 (c) | &nbsp;&nbsp; 24506 | &nbsp;&nbsp;&nbsp;&nbsp; 23308 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The)  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.75%), 5.44%, 2/23/2023 (c) | &nbsp;&nbsp; 33078 | &nbsp;&nbsp;&nbsp;&nbsp; 33110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.52%, 3/8/2023 | &nbsp;&nbsp; 28071 | &nbsp;&nbsp;&nbsp;&nbsp; 27760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.57%), 0.67%, 3/8/2024 (c) | &nbsp;&nbsp; 36100 | &nbsp;&nbsp;&nbsp;&nbsp; 35566 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd. (Australia) (SOFR + 0.30%), 4.12%, 4/6/2023 (a) (c) | &nbsp;&nbsp; 44324 | &nbsp;&nbsp;&nbsp;&nbsp; 44298 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 1/23/2023 | &nbsp;&nbsp; 18200 | &nbsp;&nbsp;&nbsp;&nbsp; 18165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.47%), 4.29%, 11/10/2023 (c) | &nbsp;&nbsp; 18781 | &nbsp;&nbsp;&nbsp;&nbsp; 18697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.46%), 0.53%, 1/25/2024 (c) | 113089 | &nbsp;&nbsp;&nbsp; 112002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.62%), 0.73%, 4/5/2024 (c) | &nbsp;&nbsp; 29923 | &nbsp;&nbsp;&nbsp;&nbsp; 29329 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 6/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 4630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.36%), 4.17%, 2/9/2024 (a) (c) | &nbsp;&nbsp; 29727 | &nbsp;&nbsp;&nbsp;&nbsp; 29527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.45%), 4.26%, 8/9/2024 (a) (c) | &nbsp;&nbsp; 28626 | &nbsp;&nbsp;&nbsp;&nbsp; 28364 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Switzerland) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.60%), 4.49%, 8/5/2025 (a) (c) | &nbsp;&nbsp; 75273 | &nbsp;&nbsp;&nbsp;&nbsp; 73726 |
|  |  | &nbsp;&nbsp;&nbsp; 566388 |
| **Chemicals — 0.0% ^** | **Chemicals — 0.0% ^** | **Chemicals — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Air Liquide Finance SA (France) 2.25%, 9/27/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2145 |
| &nbsp;&nbsp;&nbsp; Chevron Phillips Chemical Co. LLC 3.30%, 5/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2374 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. 0.65%, 7/15/2023 | &nbsp;&nbsp; 16857 | &nbsp;&nbsp;&nbsp;&nbsp; 16379 |
| **Consumer Finance — 3.9%** | **Consumer Finance — 3.9%** | **Consumer Finance — 3.9%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC (Ireland) 1.15%, 10/29/2023 | &nbsp;&nbsp; 43830 | &nbsp;&nbsp;&nbsp;&nbsp; 41885 |
| &nbsp;&nbsp;&nbsp; American Express Co.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 12/2/2022 | &nbsp;&nbsp;&nbsp;&nbsp; 4312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 8/3/2023 | &nbsp;&nbsp; 21143 | &nbsp;&nbsp;&nbsp;&nbsp; 20974 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.15%), 4.81%, 2/22/2023 (c) | &nbsp;&nbsp; 78501 | &nbsp;&nbsp;&nbsp;&nbsp; 78523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.35%, 4/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3756 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Consumer Finance — continued** | **Consumer Finance — continued** | **Consumer Finance — continued** |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 1/30/2023 | 2794 | 2787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 5/11/2023 | 69963 | 69204 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. (ICE LIBOR USD 3 Month + 0.55%), 3.69%, 6/7/2023 (c) | 550 | 550 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.20%), 4.00%, 2/13/2023 (c) | 54884 | 54857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.32%), 4.14%, 4/6/2023 (c) | 29450 | 29433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.75%), 4.55%, 7/25/2023 (c) | 43399 | 43429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.33%), 4.15%, 1/11/2024 (c) | 12873 | 12833 |
|  |  | &nbsp;&nbsp;&nbsp; 362543 |
| **Diversified Financial Services — 1.7%** | **Diversified Financial Services — 1.7%** | **Diversified Financial Services — 1.7%** |
| &nbsp;&nbsp;&nbsp; AIG Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 7/7/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 8857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.38%), 4.21%, 12/15/2023 (a) (c) | &nbsp;&nbsp;&nbsp; 87384 | &nbsp;&nbsp;&nbsp;&nbsp; 87151 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative Finance Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, (ICE LIBOR USD 3 Month + 0.07%), 4.71%, 2/16/2023 (c) | &nbsp;&nbsp;&nbsp; 21331 | &nbsp;&nbsp;&nbsp;&nbsp; 21342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.40%), 4.21%, 8/7/2023 (c) | &nbsp;&nbsp;&nbsp; 11259 | &nbsp;&nbsp;&nbsp;&nbsp; 11217 |
| &nbsp;&nbsp;&nbsp; NTT Finance Corp. (Japan) 0.37%, 3/3/2023 (a) | &nbsp;&nbsp;&nbsp; 28846 | &nbsp;&nbsp;&nbsp;&nbsp; 28511 |
|  |  | &nbsp;&nbsp;&nbsp; 156856 |
| **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** |
| &nbsp;&nbsp;&nbsp; Entergy Louisiana LLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.62%, 11/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 10/1/2024 | &nbsp;&nbsp;&nbsp; 17858 | &nbsp;&nbsp;&nbsp;&nbsp; 16591 |
| &nbsp;&nbsp;&nbsp; Eversource Energy 2.80%, 5/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4169 |
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co. (SOFRINDX + 0.38%), 4.20%, 1/12/2024 (c) | &nbsp;&nbsp;&nbsp; 16540 | &nbsp;&nbsp;&nbsp;&nbsp; 16375 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.27%), 4.93%, 2/22/2023 (c) | &nbsp;&nbsp;&nbsp; 70324 | &nbsp;&nbsp;&nbsp;&nbsp; 70308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65%, 3/1/2023 | &nbsp;&nbsp;&nbsp; 29411 | &nbsp;&nbsp;&nbsp;&nbsp; 29110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.54%), 4.37%, 3/1/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 6553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6548 |
| &nbsp;&nbsp;&nbsp; Oklahoma Gas and Electric Co. 0.55%, 5/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1157 |
| &nbsp;&nbsp;&nbsp; Public Service Co. of Colorado 2.50%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1514 |
|  |  | &nbsp;&nbsp;&nbsp; 153153 |
| **Entertainment — 0.3%** | **Entertainment — 0.3%** | **Entertainment — 0.3%** |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. 3.30%, 3/28/2024 | &nbsp;&nbsp;&nbsp; 29149 | &nbsp;&nbsp;&nbsp;&nbsp; 28374 |
| &nbsp;&nbsp;&nbsp; TWDC Enterprises 18 Corp. 2.35%, 12/1/2022 | &nbsp;&nbsp;&nbsp;&nbsp; 2993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2993 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31367 |
| **Food & Staples Retailing — 0.9%** | **Food & Staples Retailing — 0.9%** | **Food & Staples Retailing — 0.9%** |
| &nbsp;&nbsp;&nbsp; 7-Eleven, Inc. 0.63%, 2/10/2023 (a) | &nbsp;&nbsp;&nbsp; 80603 | &nbsp;&nbsp;&nbsp;&nbsp; 79890 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; Campbell Soup Co. 3.65%, 3/15/2023 | &nbsp;&nbsp;&nbsp; 34401 | &nbsp;&nbsp;&nbsp;&nbsp; 34250 |
| **Gas Utilities — 1.9%** | **Gas Utilities — 1.9%** | **Gas Utilities — 1.9%** |
| &nbsp;&nbsp;&nbsp; Atmos Energy Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 3/9/2023 | &nbsp;&nbsp;&nbsp; 33345 | &nbsp;&nbsp;&nbsp;&nbsp; 32988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.38%), 3.57%, 3/9/2023 (c) | &nbsp;&nbsp;&nbsp; 86188 | &nbsp;&nbsp;&nbsp;&nbsp; 86097 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Gas Utilities — continued** | **Gas Utilities — continued** | **Gas Utilities — continued** |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Resources Corp. (ICE LIBOR USD 3 Month + 0.50%), 3.60%, 3/2/2023 (c) | 31552 | 31526 |
| &nbsp;&nbsp;&nbsp; ONE Gas, Inc. 0.85%, 3/11/2023 | 24797 | 24742 |
| &nbsp;&nbsp;&nbsp; Southern Natural Gas Co. LLC 0.63%, 4/28/2023 (a) | 4967 | 4856 |
|  |  | &nbsp;&nbsp;&nbsp; 180209 |
| **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; AmerisourceBergen Corp. 0.74%, 3/15/2023 | 30152 | 29784 |
| &nbsp;&nbsp;&nbsp; Cigna Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 7/15/2023 | 2994 | 2973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.89%), 4.97%, 7/15/2023 (c) | 16955 | 16992 |
| &nbsp;&nbsp;&nbsp; McKesson Corp. 2.70%, 12/15/2022 | 8100 | 8092 |
| &nbsp;&nbsp;&nbsp; Providence Health & Services Obligated Group 4.38%, 10/1/2023 | 5595 | 5578 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 63419 |
| **Insurance — 2.3%** | **Insurance — 2.3%** | **Insurance — 2.3%** |
| &nbsp;&nbsp;&nbsp; Athene Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 5/26/2023 (a) | &nbsp;&nbsp; 12174 | &nbsp;&nbsp;&nbsp;&nbsp; 12025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/13/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 5033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 1/8/2024 (a) | &nbsp;&nbsp; 16109 | &nbsp;&nbsp;&nbsp;&nbsp; 15273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 4/16/2024 (a) | &nbsp;&nbsp; 16353 | &nbsp;&nbsp;&nbsp;&nbsp; 15294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.70%), 4.50%, 5/24/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 9146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8970 |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.60%, 6/28/2023 (a) | &nbsp;&nbsp; 13515 | &nbsp;&nbsp;&nbsp;&nbsp; 13144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 12/15/2023 (a) | &nbsp;&nbsp; 12713 | &nbsp;&nbsp;&nbsp;&nbsp; 12175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.76%), 4.58%, 4/12/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 9930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9817 |
| &nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding (SOFR + 0.39%), 4.22%, 4/6/2023 (a) (c) | &nbsp;&nbsp; 58202 | &nbsp;&nbsp;&nbsp;&nbsp; 58099 |
| &nbsp;&nbsp;&nbsp; MassMutual Global Funding II 0.48%, 8/28/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 1/10/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 1/13/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1665 |
| &nbsp;&nbsp;&nbsp; New York Life Global Funding 3.86%, 8/26/2024 (a) | &nbsp;&nbsp; 46305 | &nbsp;&nbsp;&nbsp;&nbsp; 45503 |
| &nbsp;&nbsp;&nbsp; Reliance Standard Life Global Funding II  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 1/21/2023 (a) | &nbsp;&nbsp; 16602 | &nbsp;&nbsp;&nbsp;&nbsp; 16529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 9/19/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 4461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4398 |
|  |  | &nbsp;&nbsp;&nbsp; 218102 |
| **IT Services — 0.3%** | **IT Services — 0.3%** | **IT Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. 0.38%, 3/1/2023 | &nbsp;&nbsp; 32387 | &nbsp;&nbsp;&nbsp;&nbsp; 32020 |
| **Life Sciences Tools & Services — 1.1%** | **Life Sciences Tools & Services — 1.1%** | **Life Sciences Tools & Services — 1.1%** |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. (SOFRINDX + 0.35%), 4.17%, 4/18/2023 (c) | 104480 | &nbsp;&nbsp;&nbsp; 104318 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| &nbsp;&nbsp;&nbsp; Daimler Trucks Finance North America LLC (Germany) (SOFR + 1.00%), 4.82%, 4/5/2024 (a) (c) | &nbsp;&nbsp; 32163 | &nbsp;&nbsp;&nbsp;&nbsp; 31964 |
| **Metals & Mining — 0.0% ^** | **Metals & Mining — 0.0% ^** | **Metals & Mining — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC (Australia) 4.13%, 5/30/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 897 |
| **Oil, Gas & Consumable Fuels — 0.6%** | **Oil, Gas & Consumable Fuels — 0.6%** | **Oil, Gas & Consumable Fuels — 0.6%** |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. (Canada) 2.95%, 1/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 4134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4131 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) (SOFR + 0.40%), 4.21%, 2/17/2023 (c) | &nbsp;&nbsp; 13243 | &nbsp;&nbsp;&nbsp;&nbsp; 13230 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC 3.35%, 3/15/2023 | 32815 | 32663 |
| &nbsp;&nbsp;&nbsp; Equinor ASA (Norway) 2.45%, 1/17/2023 | 1733 | 1728 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. 1.57%, 4/15/2023 | 3532 | 3491 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 55243 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. 2.75%, 2/15/2023 (b) | 550 | 548 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. (Japan) 4.40%, 11/26/2023 | 7340 | 7284 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7832 |
| **Road & Rail — 0.7%** | **Road & Rail — 0.7%** | **Road & Rail — 0.7%** |
| &nbsp;&nbsp;&nbsp; Central Japan Railway Co. (Japan) 3.40%, 9/6/2023 (d) | 16732 | 16476 |
| &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. LP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/17/2023 (a) | &nbsp;&nbsp;&nbsp; 17518 | &nbsp;&nbsp;&nbsp;&nbsp; 17494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 3/14/2023 (a) | &nbsp;&nbsp;&nbsp; 33092 | &nbsp;&nbsp;&nbsp;&nbsp; 32848 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. 2.95%, 1/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1974 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 68792 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| &nbsp;&nbsp;&nbsp; Oracle Corp. 2.63%, 2/15/2023 | &nbsp;&nbsp;&nbsp; 18946 | &nbsp;&nbsp;&nbsp;&nbsp; 18867 |
| **Specialty Retail — 0.0% ^** | **Specialty Retail — 0.0% ^** | **Specialty Retail — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. 2.88%, 1/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240 |
| **Thrifts & Mortgage Finance — 0.7%** | **Thrifts & Mortgage Finance — 0.7%** | **Thrifts & Mortgage Finance — 0.7%** |
| &nbsp;&nbsp;&nbsp; BPCE SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/11/2023 (a) | &nbsp;&nbsp;&nbsp; 30351 | &nbsp;&nbsp;&nbsp;&nbsp; 30246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 9/12/2023 (a) | &nbsp;&nbsp;&nbsp; 14724 | &nbsp;&nbsp;&nbsp;&nbsp; 14468 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (United Kingdom) 2.00%, 1/27/2023 (a) | &nbsp;&nbsp;&nbsp; 22727 | &nbsp;&nbsp;&nbsp;&nbsp; 22632 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 67346 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| &nbsp;&nbsp;&nbsp; Reynolds American, Inc. (United Kingdom) 4.85%, 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7987 |
| **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** |
| &nbsp;&nbsp;&nbsp; Air Lease Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.35%), 3.64%, 12/15/2022 (c) | &nbsp;&nbsp;&nbsp; 10078 | &nbsp;&nbsp;&nbsp;&nbsp; 10073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds <br>(Cost $4,141,234)<br>|  | 4090036 |
| **Asset-Backed Securities — 4.3%** | **Asset-Backed Securities — 4.3%** | **Asset-Backed Securities — 4.3%** |
| &nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2, 0.26%, 11/18/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 5300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, Class A2, 0.41%, 2/18/2025 | &nbsp;&nbsp;&nbsp; 17786 | &nbsp;&nbsp;&nbsp;&nbsp; 17638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A3, 0.37%, 8/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3819 |
| &nbsp;&nbsp;&nbsp; BMW Vehicle Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2, 0.19%, 11/27/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, 0.67%, 5/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 6317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6258 |
| &nbsp;&nbsp;&nbsp; Capital One Prime Auto Receivables Trust Series 2020-1, Class A3, 1.60%, 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7165 |
| &nbsp;&nbsp;&nbsp; Carmax Auto Owner Trust Series 2019-2, Class A4, 2.77%, 12/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4371 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2A, 0.27%, 6/17/2024 | 421 | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4, Class A2A, 0.24%, 11/15/2024 | 4394 | 4356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3, Class A3, 0.62%, 3/17/2025 | 6508 | 6393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class A2A, 2.81%, 5/15/2025 | 17276 | 17074 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P3, Class A2, 0.38%, 1/10/2025 | 13097 | 12944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P4, Class A2, 0.82%, 4/10/2025 | 10586 | 10465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-P1, Class A2, 2.57%, 5/12/2025 | 28726 | 28395 |
| &nbsp;&nbsp;&nbsp; Cloud Pass-Through Trust Series 2019-1A, Class CLOU, 3.55%, 12/5/2022 (a) (e) | 9 | 9 |
| &nbsp;&nbsp;&nbsp; Dell Equipment Finance Trust Series 2021-2, Class A2, 0.33%, 12/22/2026 (a) | 4702 | 4635 |
| &nbsp;&nbsp;&nbsp; Drive Auto Receivables Trust Series 2021-3, Class A3, 0.79%, 10/15/2025 | 13263 | 13140 |
| &nbsp;&nbsp;&nbsp; Exeter Automobile Receivables Trust Series 2021-3A, Class A3, 0.35%, 2/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1037 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Lease Trust Series 2022-A, Class A2A, 2.78%, 10/15/2024 | &nbsp;&nbsp;&nbsp; 21661 | &nbsp;&nbsp;&nbsp;&nbsp; 21382 |
| &nbsp;&nbsp;&nbsp; GM Financial Automobile Leasing Trust Series 2022-2, Class A2, 2.93%, 10/21/2024 | &nbsp;&nbsp;&nbsp; 18067 | &nbsp;&nbsp;&nbsp;&nbsp; 17813 |
| &nbsp;&nbsp;&nbsp; GM Financial Consumer Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A3, 1.84%, 9/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, 0.76%, 2/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9274 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust Series 2021-A, Class A3, 0.33%, 1/16/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2022-B, Class A2A, 3.64%, 5/15/2025 | &nbsp;&nbsp;&nbsp; 28860 | &nbsp;&nbsp;&nbsp;&nbsp; 28553 |
| &nbsp;&nbsp;&nbsp; Nissan Auto Receivables Owner Trust Series 2022-B, Class A2, 4.50%, 8/15/2025 | &nbsp;&nbsp;&nbsp; 10833 | &nbsp;&nbsp;&nbsp;&nbsp; 10735 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2022-2, Class A2, 2.12%, 10/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1936 |
| &nbsp;&nbsp;&nbsp; Santander Retail Auto Lease Trust Series 2022-B, Class A2, 2.84%, 5/20/2025 (a) | &nbsp;&nbsp;&nbsp; 32985 | &nbsp;&nbsp;&nbsp;&nbsp; 32423 |
| &nbsp;&nbsp;&nbsp; Tesla Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A, Class A3, 0.68%, 12/20/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 3013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A2, 0.36%, 3/20/2025 (a) | &nbsp;&nbsp;&nbsp; 21609 | &nbsp;&nbsp;&nbsp;&nbsp; 21370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A4, 0.66%, 3/20/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 6700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B, Class A2, 0.36%, 9/22/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676 |
| &nbsp;&nbsp;&nbsp; Toyota Lease Owner Trust Series 2021-B, Class A2, 0.25%, 3/20/2024 (a) | &nbsp;&nbsp;&nbsp; 15817 | &nbsp;&nbsp;&nbsp;&nbsp; 15682 |
| &nbsp;&nbsp;&nbsp; Westlake Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class A2, 0.57%, 9/16/2024 (a) | &nbsp;&nbsp;&nbsp; 50574 | &nbsp;&nbsp;&nbsp;&nbsp; 50164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class A3, 0.95%, 6/16/2025 (a) | &nbsp;&nbsp;&nbsp; 40398 | &nbsp;&nbsp;&nbsp;&nbsp; 39074 |
| &nbsp;&nbsp;&nbsp; World Omni Select Auto Trust Series 2021-A, Class A2, 0.29%, 2/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $411,028)<br>|  | &nbsp;&nbsp;&nbsp; 406899 |
| **Foreign Government Securities — 0.0% ^** | **Foreign Government Securities — 0.0% ^** | **Foreign Government Securities — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Export Development Canada 1.38%, 2/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298 |
| &nbsp;&nbsp;&nbsp; Japan Bank for International Cooperation 1.75%, 1/23/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government Securities <br>(Cost $780)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776 |
| **Short-Term Investments — 52.6%** | **Short-Term Investments — 52.6%** | **Short-Term Investments — 52.6%** |
| **Certificates of Deposits — 20.9%** | **Certificates of Deposits — 20.9%** | **Certificates of Deposits — 20.9%** |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.87%, 7/21/2023 | &nbsp;&nbsp;&nbsp; 11500 | &nbsp;&nbsp;&nbsp;&nbsp; 11393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/6/2023 | &nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 74683 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.45%), 4.39%, 3/24/2023 (c) | &nbsp;&nbsp;&nbsp; 51467 | &nbsp;&nbsp;&nbsp;&nbsp; 51487 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Certificates of Deposits — continued** | **Certificates of Deposits — continued** | **Certificates of Deposits — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.62%), 4.56%, 8/1/2023 (c) | 38331 | 38352 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc (United Kingdom) , 4.00%, 7/13/2023 | 9699 | 9613 |
| &nbsp;&nbsp;&nbsp; Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 5/2/2023 | 27500 | 27349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 7/28/2023 | 77000 | 76188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 8/25/2023 | 27400 | 27122 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia (Australia) , 3.90%, 5/31/2023 | 12888 | 12812 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Netherlands) , 0.97%, 2/3/2023 | 76484 | 76020 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA (Netherlands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 12/12/2022 | 15000 | 14992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 5/17/2023 | 47262 | 46755 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial (France) , 2.93%, 6/5/2023 | &nbsp;&nbsp; 69200 | &nbsp;&nbsp;&nbsp;&nbsp; 68401 |
| &nbsp;&nbsp;&nbsp; HSBC Bank USA NA , 4.01%, 8/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3227 |
| &nbsp;&nbsp;&nbsp; Lloyds Bank Corporate Markets plc (United Kingdom) (SOFR + 4.54), 4.48%, 3/22/2023 (c) | &nbsp;&nbsp; 45608 | &nbsp;&nbsp;&nbsp;&nbsp; 45618 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd. (Japan) , 5.16%, 5/15/2023 | &nbsp;&nbsp; 56609 | &nbsp;&nbsp;&nbsp;&nbsp; 56634 |
| &nbsp;&nbsp;&nbsp; Natixis SA (France) (SOFR + 4.47), 4.41%, 3/24/2023 (c) | &nbsp;&nbsp; 35043 | &nbsp;&nbsp;&nbsp;&nbsp; 35073 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 2/10/2023 | &nbsp;&nbsp; 64211 | &nbsp;&nbsp;&nbsp;&nbsp; 64089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 6/8/2023 | &nbsp;&nbsp; 41067 | &nbsp;&nbsp;&nbsp;&nbsp; 40612 |
| &nbsp;&nbsp;&nbsp; Nordea Bk Abp Ny Certificate Of Deposit Fixed Dtd (Finland) , 4.14%, 9/5/2023 | &nbsp;&nbsp; 51821 | &nbsp;&nbsp;&nbsp;&nbsp; 51363 |
| &nbsp;&nbsp;&nbsp; Norinchukin Bank (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.42%), 4.36%, 2/27/2023 (c) | &nbsp;&nbsp; 67112 | &nbsp;&nbsp;&nbsp;&nbsp; 67140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 8/15/2023 | &nbsp;&nbsp; 79932 | &nbsp;&nbsp;&nbsp;&nbsp; 79106 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. (Singapore) , 5.28%, 7/5/2023 | &nbsp;&nbsp; 79072 | &nbsp;&nbsp;&nbsp;&nbsp; 79072 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp., Ltd. (Singapore) (SOFR + 4.33), 4.27%, 1/24/2023 (c) | &nbsp;&nbsp; 30410 | &nbsp;&nbsp;&nbsp;&nbsp; 30418 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 3/21/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 8/11/2023 | &nbsp;&nbsp; 35318 | &nbsp;&nbsp;&nbsp;&nbsp; 34981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 9/22/2023 | 109301 | &nbsp;&nbsp;&nbsp; 108746 |
| &nbsp;&nbsp;&nbsp; Shinhan Bank (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 5/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 6750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 5/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 5/12/2023 | &nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 19795 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB (Sweden) , 2.85%, 6/1/2023 | &nbsp;&nbsp; 75412 | &nbsp;&nbsp;&nbsp;&nbsp; 74532 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (United Kingdom) , 4.02%, 8/11/2023 | &nbsp;&nbsp; 79400 | &nbsp;&nbsp;&nbsp;&nbsp; 78552 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Banking Corp. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.38%), 4.32%, 12/27/2022 (c) | &nbsp;&nbsp; 17811 | &nbsp;&nbsp;&nbsp;&nbsp; 17816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 4/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 4/28/2023 | &nbsp;&nbsp; 66382 | &nbsp;&nbsp;&nbsp;&nbsp; 65773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 6/7/2023 | &nbsp;&nbsp; 21992 | &nbsp;&nbsp;&nbsp;&nbsp; 21752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.77%), 4.70%, 7/31/2023 (c) | &nbsp;&nbsp; 56029 | &nbsp;&nbsp;&nbsp;&nbsp; 56088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/6/2023 | &nbsp;&nbsp; 17980 | &nbsp;&nbsp;&nbsp;&nbsp; 17900 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden) , 3.46%, 6/13/2023 | &nbsp;&nbsp; 53540 | &nbsp;&nbsp;&nbsp;&nbsp; 53021 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 5/1/2023 | 164800 | &nbsp;&nbsp;&nbsp; 163904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 5/5/2023 | &nbsp;&nbsp; 31900 | &nbsp;&nbsp;&nbsp;&nbsp; 31596 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Certificates of Deposits — continued** | **Certificates of Deposits — continued** | **Certificates of Deposits — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 8/1/2023 | 38600 | 38592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 9/12/2023 | 82803 | 82034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit <br>(Cost $1,979,082)<br>|  | 1967845 |
| **Commercial Paper — 25.1%** | **Commercial Paper — 25.1%** | **Commercial Paper — 25.1%** |
| &nbsp;&nbsp;&nbsp; ASB Bank Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 8/18/2023 (f) | 35766 | 34411 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.23%, 12/15/2022 (f) | 59700 | 59603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 5/1/2023 (f) | 25177 | 24680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/22/2023 (f) | 46774 | 44378 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.67%, 1/5/2023 (f) | &nbsp;&nbsp; 17100 | &nbsp;&nbsp;&nbsp;&nbsp; 17030 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/20/2022 (a) (f) | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4490 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.29%, 2/8/2023 (f) | &nbsp;&nbsp; 24500 | &nbsp;&nbsp;&nbsp;&nbsp; 24289 |
| &nbsp;&nbsp;&nbsp; BNZ International Funding Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.52%, 12/1/2022 (f) | &nbsp;&nbsp; 96736 | &nbsp;&nbsp;&nbsp;&nbsp; 96726 |
| &nbsp;&nbsp;&nbsp; Bofa Securities Inc Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 7/19/2023 (f) | &nbsp;&nbsp; 55933 | &nbsp;&nbsp;&nbsp;&nbsp; 54061 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 5/2/2023 (f) | 120000 | &nbsp;&nbsp;&nbsp; 117563 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 2/7/2023 (f) | &nbsp;&nbsp; 11304 | &nbsp;&nbsp;&nbsp;&nbsp; 11193 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 8/9/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 4320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4157 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment Bank (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 5/22/2023 (f) | &nbsp;&nbsp; 52658 | &nbsp;&nbsp;&nbsp;&nbsp; 51406 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA (Norway) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.56%, 12/30/2022 (f) | &nbsp;&nbsp; 17894 | &nbsp;&nbsp;&nbsp;&nbsp; 17835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 5/31/2023 (f) | &nbsp;&nbsp; 23120 | &nbsp;&nbsp;&nbsp;&nbsp; 22541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 8/16/2023 (f) | &nbsp;&nbsp; 95526 | &nbsp;&nbsp;&nbsp;&nbsp; 92064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 11/17/2023 (f) | &nbsp;&nbsp; 95875 | &nbsp;&nbsp;&nbsp;&nbsp; 91171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 11/22/2023 (f) | &nbsp;&nbsp; 50450 | &nbsp;&nbsp;&nbsp;&nbsp; 47941 |
| &nbsp;&nbsp;&nbsp; Enbridge US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 2/6/2023 (f) | &nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 24766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 2/7/2023 (f) | &nbsp;&nbsp; 44600 | &nbsp;&nbsp;&nbsp;&nbsp; 44176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.93%, 3/6/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3155 |
| &nbsp;&nbsp;&nbsp; Enel Finance America LLC (Italy) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%, 1/20/2023 (f) | &nbsp;&nbsp; 10591 | &nbsp;&nbsp;&nbsp;&nbsp; 10516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%, 1/24/2023 (f) | &nbsp;&nbsp; 32759 | &nbsp;&nbsp;&nbsp;&nbsp; 32503 |
| &nbsp;&nbsp;&nbsp; Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 12/2/2022 (f) | &nbsp;&nbsp; 42750 | &nbsp;&nbsp;&nbsp;&nbsp; 42740 |
| &nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 1/31/2023 (f) | &nbsp;&nbsp; 70975 | &nbsp;&nbsp;&nbsp;&nbsp; 70389 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Commercial Paper — continued** | **Commercial Paper — continued** | **Commercial Paper — continued** |
| &nbsp;&nbsp;&nbsp; HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 8/1/2023 (f) | 64300 | 61968 |
| &nbsp;&nbsp;&nbsp; KEB Hana Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 1/17/2023 (f) | 53488 | 53188 |
| &nbsp;&nbsp;&nbsp; Kentucky Utilities Co. Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 1/23/2023 (f) | 25000 | 24824 |
| &nbsp;&nbsp;&nbsp; Kookmin Bank Rpbl Kore Corporate Commercial Paper (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 3/9/2023 (f) | 36540 | 36077 |
| &nbsp;&nbsp;&nbsp; Korea Development Bk Corporate Commercial Paper (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 5/26/2023 (f) | 39061 | 38099 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 2/28/2023 (f) | &nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 14824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 11/15/2023 (f) | &nbsp;&nbsp; 87210 | &nbsp;&nbsp;&nbsp;&nbsp; 82703 |
| &nbsp;&nbsp;&nbsp; Mizuho Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 1/10/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 6563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6532 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 5/15/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 7920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7740 |
| &nbsp;&nbsp;&nbsp; Natixis SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 3/28/2023 (f) | &nbsp;&nbsp; 96483 | &nbsp;&nbsp;&nbsp;&nbsp; 94985 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 2/6/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 11/16/2023 (f) | &nbsp;&nbsp; 54609 | &nbsp;&nbsp;&nbsp;&nbsp; 51821 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 4/18/2023 (f) | &nbsp;&nbsp; 45705 | &nbsp;&nbsp;&nbsp;&nbsp; 44872 |
| &nbsp;&nbsp;&nbsp; Proctor Gamble Corporate Commercial Paper Discount |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 4/19/2023 (f) | &nbsp;&nbsp; 27117 | &nbsp;&nbsp;&nbsp;&nbsp; 26619 |
| &nbsp;&nbsp;&nbsp; Raytheon Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 5/8/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6439 |
| &nbsp;&nbsp;&nbsp; Royal Bk Canada Ny Bra Corporate Commercial Paper (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/22/2023 (f) | &nbsp;&nbsp; 24874 | &nbsp;&nbsp;&nbsp;&nbsp; 23569 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 1/4/2023 (f) | &nbsp;&nbsp; 65700 | &nbsp;&nbsp;&nbsp;&nbsp; 65442 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 6/6/2023 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 2827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2751 |
| &nbsp;&nbsp;&nbsp; Suncor Energy, Inc. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 2/14/2023 (f) | &nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9896 |
| &nbsp;&nbsp;&nbsp; Suncorp-Metway Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 1/4/2023 (f) | &nbsp;&nbsp; 35088 | &nbsp;&nbsp;&nbsp;&nbsp; 34935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 1/10/2023 (f) | &nbsp;&nbsp; 27635 | &nbsp;&nbsp;&nbsp;&nbsp; 27492 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81%, 1/18/2023 (f) | &nbsp;&nbsp; 80850 | &nbsp;&nbsp;&nbsp;&nbsp; 80395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 8/15/2023 (f) | 109800 | &nbsp;&nbsp;&nbsp; 105678 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 1/9/2023 (f) | &nbsp;&nbsp; 55500 | &nbsp;&nbsp;&nbsp;&nbsp; 55220 |
| &nbsp;&nbsp;&nbsp; Toyota Finance Australia Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 5/8/2023 (f) | &nbsp;&nbsp; 14185 | &nbsp;&nbsp;&nbsp;&nbsp; 13875 |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Commercial Paper — continued** | **Commercial Paper — continued** | **Commercial Paper — continued** |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. (Singapore) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 3/31/2023 (f) | 123000 | 120992 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 7/10/2023 (f) | 101846 | 98625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 8/23/2023 (f) | 71033 | 68304 |
| &nbsp;&nbsp;&nbsp; Westpac Securities NZ Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 1/18/2023 (f) | 28800 | 28637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 2/2/2023 (f) | 29000 | 28779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper <br>(Cost $2,368,752)<br>|  | 2362041 |
|  | **SHARES** <br>**(000)**<br>|  |
| **Investment Companies — 5.5%** | **Investment Companies — 5.5%** | **Investment Companies — 5.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 3.94% (g) (h) <br>(Cost $511,608)<br>| 511557 | &nbsp;&nbsp;&nbsp; 511710 |
| **Investment of Cash Collateral from Securities Loaned — 0.0% ^** | **Investment of Cash Collateral from Securities Loaned — 0.0% ^** | **Investment of Cash Collateral from Securities Loaned — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.02% (g) (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499 |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.59% (g) (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $1,239)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1239 |
|  | **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>|  |
| **Repurchase Agreements — 1.1%** | **Repurchase Agreements — 1.1%** | **Repurchase Agreements — 1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Securities LLC, 3.90%, dated 11/30/2022, due 12/15/2022, repurchase price $100,163, collateralized by <br> Asset-Backed Securities, 0.00% - 11.82%, due 8/20/2024 - 4/17/2054, with the value of $111,073. <br>(Cost $100,000)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,960,681)<br>|  | 4942835 |
| **Total Investments — 100.4%** <br>**(Cost $9,513,723)**<br>|  | **9440546** |
| **Liabilities in Excess of Other Assets — (0.4)%** |  | **(40182)** |
| **NET ASSETS — 100.0%** |  | **9400364** |

---

&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** |  |
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| SCA | Limited partnership with share capital |
| SOFR | Secured Overnight Financing Rate |
| SOFRINDX | Compounding index of the Secured Overnight Financing Rate |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| (a) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The security or a portion of this security is on loan at November 30, 2022. The total value of securities on loan at November
 30, 2022 is $1,204.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of
 November 30, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates
 and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of November 30, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The rate shown is the effective yield as of November 30, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The rate shown is the current yield as of November 30, 2022.

**Futures contracts outstanding as of November 30, 2022 (amounts in thousands, except number of contracts):**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Short Contracts** |  |  |  |  |  |
| U.S. Treasury 2 Year Note | (750) | 03/31/2023 | USD | (154166) | (523) |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| USD | United States Dollar |

---

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (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 Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of Investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

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

Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

Certain short term investments may be valued using the amortized cost method, provided it approximates the fair market value of the investment. The amortized cost method of valuation involves valuing a security at its cost initially and thereafter assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuating interest rates on the market value of the security. This method may result in periods during which value, as determined by amortized cost, is higher or lower than the price the Fund would receive if it sold the security. The market value of securities in the Fund can generally be expected to vary inversely with changes in prevailing interest rates.

Investments in open-end investment companies ("Underlying Funds") are valued at each Underlying Fund's net asset values per share as of the report date.

Futures contracts are generally valued on the basis of available market quotations.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.

• Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

• Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

• Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

------

**JPMorgan Managed Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

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** |  |  |  |  |
| Asset-Backed Securities | $— | $406899 | $— | $406899 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 4090036 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4090036 |
| Foreign Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Certificates of Deposits | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1967845 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1967845 |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 2362041 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2362041 |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 511710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 511710 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1239 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 100000 |
| Total Short-Term Investments | &nbsp;&nbsp; 512949 | &nbsp;&nbsp; 4429886 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4942835 |
| **Total Investments in Securities**  | $512949 | $8927597 | $— | $9440546 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | $(523) | $— | $— | $(523) |

---

**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 November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** |
| **Security Description** | **Value at** <br>**February 28,** <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>**November 30,** <br>**2022**<br>| **Shares at** <br>**November 30,** <br>**2022**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class Institutional Shares, 3.94% <br> (a) (b)<br>| $1208019 | $9651041 | $10347386 | $(28) | $64 | $511710 | 511557 | $6202 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL Class Shares, <br> 4.02% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class IM Shares, 3.59% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57391 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp; — |
| **Total** | $1217525 | $9761162 | $10465777 | $(26) | $65 | $512949 |  | $6322 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of November 30, 2022.

------

## 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 Managed Income Fund

- **b. EDGAR series identifier (if any):** S000029581

- **c. LEI of Series:** 54930080XGK0GXPQLV03

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $9493095837.46

**Total Liabilities:** $102861856.45

**Net Assets:** $9390233981.01

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 136927.86358000 | **1-Year:** 302163.21122000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190446 | 0.04%                | 0.18%                | 0.41%                |
| Class ID C000090816 | 0.15%                | 0.09%                | 0.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2801824.83             | $-11377617.03                              |
| Month 2  | $-1279834.95             | $-5934580.81                               |
| Month 3  | $-4443877.62             | $23609916.03                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2021-A, Class A2                             | CUSIP: 88161FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21609262 | PA      | $21369611.36  | 0.23%             | 2025-03-20      | Fixed         | 0.36%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115BSS0<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  82803000 | PA      | $82033524.14  | 0.87%             | 2023-09-12      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAG0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  48000000 | PA      | $47744102.40  | 0.51%             | 2023-04-12      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                     | Takeda Pharmaceutical Co. Ltd.                                              | CUSIP: 874060AT3<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   7340000 | PA      | $7283412.93   | 0.08%             | 2023-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558UVX7<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  64211000 | PA      | $64088995.25  | 0.68%             | 2023-02-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust, Series 2022-1, Class A2 | CUSIP: 380146AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9422722 | PA      | $9274418.80   | 0.10%             | 2025-02-18      | Fixed         | 0.76%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1SX9<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  23120000 | PA      | $22540720.77  | 0.24%             | 2023-05-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Martin Marietta Materials, Inc.                    | Martin Marietta Materials, Inc.                                             | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |  16857000 | PA      | $16378540.86  | 0.17%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                              | BofA Securities, Inc.                                                       | CUSIP: 06054PUK0<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |  55933000 | PA      | $54060959.97  | 0.58%             | 2023-07-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 9612C1VP9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  71033000 | PA      | $68303754.45  | 0.73%             | 2023-08-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2Q3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5033000 | PA      | $4833743.53   | 0.05%             | 2023-10-13      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65557CBE2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   8183000 | PA      | $8010409.07   | 0.09%             | 2023-06-09      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Air Liquide Finance SA                             | Air Liquide Finance SA                                                      | CUSIP: 00913RAC0<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |   2200000 | PA      | $2145316.54   | 0.02%             | 2023-09-27      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YL8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  28626000 | PA      | $28363489.85  | 0.30%             | 2024-08-09      | Floating      | 4.26%                 | Yes           |                  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        | 511556688 | NS      | $511710155.24 | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65557CAY9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   2168000 | PA      | $2140300.20   | 0.02%             | 2023-08-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Japan Bank for International Cooperation           | Japan Bank for International Cooperation                                    | CUSIP: 471048CG1<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    480000 | PA      | $477978.20    | 0.01%             | 2023-01-23      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 23329PAE0<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |  49333000 | PA      | $49333000.00  | 0.53%             | 2022-12-02      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABU0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $39344347.20  | 0.42%             | 2023-04-03      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                  | CUSIP: 49327M3B8<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  10875000 | PA      | $10806408.87  | 0.12%             | 2024-01-03      | Floating      | 4.16%                 | No            |                  2 | 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        |    499351 | NS      | $499350.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Florida Power & Light Co.                          | Florida Power & Light Co.                                                   | CUSIP: 341081GH4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  16540000 | PA      | $16375332.06  | 0.17%             | 2024-01-12      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                | Union Pacific Corp.                                                         | CUSIP: 907818DM7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $1973489.72   | 0.02%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 9612C1UA3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        | 101846000 | PA      | $98625357.55  | 1.05%             | 2023-07-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                     | CUSIP: 05578AAA6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  30351000 | PA      | $30246206.19  | 0.32%             | 2023-01-11      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                     | CUSIP: 233851DY7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   9351000 | PA      | $9272343.88   | 0.10%             | 2023-03-10      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust, Series 2021-3A, Class A3             | CUSIP: 96043JAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  40398000 | PA      | $39073761.64  | 0.42%             | 2025-06-16      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  12135000 | PA      | $11614331.81  | 0.12%             | 2023-11-22      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2M2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  12174000 | PA      | $12025047.46  | 0.13%             | 2023-05-26      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | AmeriCredit Automobile Receivables Trust, Series 2021-1, Class A3           | CUSIP: 03063FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3894362 | PA      | $3819260.61   | 0.04%             | 2025-08-18      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                       | Dell Equipment Finance Trust, Series 2021-2, Class A2                       | CUSIP: 24702VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4701757 | PA      | $4635323.46   | 0.05%             | 2026-12-22      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust           | Capital One Prime Auto Receivables Trust, Series 2020-1, Class A3           | CUSIP: 14043MAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7245754 | PA      | $7164838.02   | 0.08%             | 2024-11-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06368EJS2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  88888000 | PA      | $88778050.88  | 0.95%             | 2023-04-14      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TJM8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  64884000 | PA      | $64851558.00  | 0.69%             | 2023-02-13      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AZ7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1208000 | PA      | $1210273.93   | 0.01%             | 2023-07-26      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BPE4<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |  10000000 | PA      | $9896217.80   | 0.11%             | 2023-02-14      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                           | Bristol-Myers Squibb Co.                                                    | CUSIP: 110122CY2<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    550000 | PA      | $548115.63    | 0.01%             | 2023-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp., Series D                | CUSIP: 63743HEV0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  21331000 | PA      | $21342311.40  | 0.23%             | 2023-02-16      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558UUE0<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  41067000 | PA      | $40611851.56  | 0.43%             | 2023-06-08      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Cigna Corp.                                        | Cigna Corp.                                                                 | CUSIP: 125523AC4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  16955000 | PA      | $16991978.52  | 0.18%             | 2023-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Providence Health & Services Obligated Group       | Providence Health & Services Obligated Group                                | CUSIP: 743755AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5595000 | PA      | $5577790.34   | 0.06%             | 2023-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                | CUSIP: 64952WEW9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  46305000 | PA      | $45502747.35  | 0.48%             | 2024-08-26      | Fixed         | 3.85%                 | Yes           |                  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        |    739379 | NS      | $739378.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55607LYF5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  87210000 | PA      | $82702696.79  | 0.88%             | 2023-11-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2W0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  16353000 | PA      | $15294117.90  | 0.16%             | 2024-04-16      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280CU1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  34788000 | PA      | $33302991.77  | 0.35%             | 2024-08-17      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Norinchukin Bank                                   | Norinchukin Bank (The)                                                      | CUSIP: 65602YN71<br>LEI: 549300KQZJBM38M51L16 | Long             | STIV             | CORP              | US        |  79932000 | PA      | $79106519.06  | 0.84%             | 2023-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YBF5<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |  37653000 | PA      | $36583819.34  | 0.39%             | 2024-07-10      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| Healthpeak Properties, Inc.                        | Healthpeak Properties, Inc.                                                 | CUSIP: 42250RNX3<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | STIV             | CORP              | US        |  70975000 | PA      | $70389251.13  | 0.75%             | 2023-01-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                | CUSIP: 63254ABC1<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |   4120000 | PA      | $4116915.64   | 0.04%             | 2022-12-13      | Fixed         | 1.88%                 | No            |                  2 | On Loan: —       |
| ING Groep NV                                       | ING Groep NV                                                                | CUSIP: 456837AK9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   2951000 | PA      | $2921882.96   | 0.03%             | 2023-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114WWN1<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  31900000 | PA      | $31595697.61  | 0.34%             | 2023-05-05      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Norinchukin Bank                                   | Norinchukin Bank (The)                                                      | CUSIP: 65602Y2B5<br>LEI: 549300KQZJBM38M51L16 | Long             | STIV             | CORP              | US        |  67112000 | PA      | $67140123.95  | 0.71%             | 2023-02-27      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17305T5M0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  77000000 | PA      | $76188262.92  | 0.81%             | 2023-07-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  39389000 | PA      | $38028264.06  | 0.40%             | 2023-09-12      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83369CN42<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | FR        |  65700000 | PA      | $65441881.13  | 0.70%             | 2023-01-04      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2020-3, Class A3                            | CUSIP: 14315FAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6507558 | PA      | $6393088.56   | 0.07%             | 2025-03-17      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                 | Metropolitan Life Global Funding I                                          | CUSIP: 59217GEE5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1664739.15   | 0.02%             | 2023-01-13      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                 | CUSIP: 14040HBU8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2794000 | PA      | $2786595.90   | 0.03%             | 2023-01-30      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  18781000 | PA      | $18697330.65  | 0.20%             | 2023-11-10      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 2 Year Note                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -750 | NC      | $-522946.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                              | CUSIP: 05581KAB7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  15201000 | PA      | $14942981.11  | 0.16%             | 2024-01-10      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| BNZ International Funding Ltd.                     | BNZ International Funding Ltd.                                              | CUSIP: 0556X1M17<br>LEI: 549300HVMZ89HDMELW08 | Long             | STIV             | CORP              | NZ        |  96736000 | PA      | $96725780.81  | 1.03%             | 2022-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                       | AbbVie, Inc.                                                                | CUSIP: 00287YAX7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  14634000 | PA      | $14490000.42  | 0.15%             | 2023-05-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33092000 | PA      | $32848053.72  | 0.35%             | 2023-03-14      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  11361000 | PA      | $11365146.77  | 0.12%             | 2023-03-17      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Central Japan Railway Co.                          | Central Japan Railway Co.                                                   | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | DBT              | CORP              | JP        |  16732000 | PA      | $16476000.40  | 0.18%             | 2023-09-06      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2G2<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  12713000 | PA      | $12174904.10  | 0.13%             | 2023-12-15      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                     | Commonwealth Bank of Australia                                              | CUSIP: 20271EZL6<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | STIV             | CORP              | AU        |  12888000 | PA      | $12811772.89  | 0.14%             | 2023-05-31      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 961214EJ8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2626000 | PA      | $2618695.41   | 0.03%             | 2023-01-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6553000 | PA      | $6547802.36   | 0.07%             | 2023-03-01      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05253CMF0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |  59700000 | PA      | $59603236.45  | 0.63%             | 2022-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                  | Exxon Mobil Corp.                                                           | CUSIP: 30231GBL5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   3532000 | PA      | $3490722.22   | 0.04%             | 2023-04-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                      | ASB Bank Ltd.                                                               | CUSIP: 00216LAA1<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   8042000 | PA      | $7991810.44   | 0.09%             | 2023-06-14      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2X8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   9146000 | PA      | $8970023.46   | 0.10%             | 2024-05-24      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Entergy Louisiana LLC                              | Entergy Louisiana LLC                                                       | CUSIP: 29364WBF4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |   7702000 | PA      | $7381206.08   | 0.08%             | 2023-11-17      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                           | Toyota Lease Owner Trust, Series 2021-B, Class A2                           | CUSIP: 89239CAB5<br>LEI: 5493006AB33TXC4NJ781 | Long             | ABS-O            | CORP              | US        |  15817315 | PA      | $15682165.79  | 0.17%             | 2024-03-20      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| ASB Bank Ltd.                                      | ASB Bank Ltd.                                                               | CUSIP: 0020N3VJ2<br>LEI: 549300IBZWZL1KTPF918 | Long             | STIV             | CORP              | NZ        |  35766000 | PA      | $34410879.91  | 0.37%             | 2023-08-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Reynolds American, Inc.                            | Reynolds American, Inc.                                                     | CUSIP: 761713AY2<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   8012000 | PA      | $7987225.05   | 0.09%             | 2023-09-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280BA6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  15631000 | PA      | $15519512.21  | 0.17%             | 2023-05-25      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599AN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17518000 | PA      | $17494143.64  | 0.19%             | 2023-01-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Shinhan Bank                                       | Shinhan Bank                                                                | CUSIP: 82460APG7<br>LEI: 5493003P813VL21KG928 | Long             | STIV             | CORP              | KR        |  20000000 | PA      | $19794562.60  | 0.21%             | 2023-05-12      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                 | Oversea-Chinese Banking Corp. Ltd.                                          | CUSIP: 69033MV95<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  79072000 | PA      | $79072000.00  | 0.84%             | 2023-07-05      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDX6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   3820000 | PA      | $3755884.66   | 0.04%             | 2023-04-20      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607GRT3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  37574000 | PA      | $37311735.36  | 0.40%             | 2023-12-14      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                | Bank of Nova Scotia (The)                                                   | CUSIP: 06417MK20<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |  38331000 | PA      | $38351537.75  | 0.41%             | 2023-08-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCF3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  10261000 | PA      | $10262338.75  | 0.11%             | 2023-01-27      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GXY5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  28071000 | PA      | $27760228.49  | 0.30%             | 2023-03-08      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| Cloud Pass-Through Trust                           | Cloud Pass-Through Trust, Series 2019-1A, Class CLOU                        | CUSIP: 18913AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8768 | PA      | $8761.42      | 0.00%             | 2022-12-05      | Variable      | 3.55%                 | Yes           |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | AmeriCredit Automobile Receivables Trust, Series 2021-3, Class A2           | CUSIP: 03066JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17785712 | PA      | $17638075.05  | 0.19%             | 2025-02-18      | Fixed         | 0.41%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                  | Eversource Energy                                                           | CUSIP: 664397AK2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   4206000 | PA      | $4169038.34   | 0.04%             | 2023-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                             | CUSIP: 00914AAN2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  10078000 | PA      | $10072968.76  | 0.11%             | 2022-12-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2020-A, Class A3                             | CUSIP: 88167HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3013078 | PA      | $3000781.01   | 0.03%             | 2023-12-20      | Fixed         | 0.68%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MAX8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  20340000 | PA      | $20294444.10  | 0.22%             | 2023-01-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159VK9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  29963000 | PA      | $29531138.19  | 0.31%             | 2023-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Capital One NA                                     | Capital One NA                                                              | CUSIP: 140420NB2<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |  29940000 | PA      | $29840247.70  | 0.32%             | 2023-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust                       | World Omni Select Auto Trust, Series 2021-A, Class A2                       | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175718 | PA      | $1171854.24   | 0.01%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                  | Barclays Bank plc                                                           | CUSIP: 06744GDP4<br>LEI: N/A                  | Long             | STIV             | CORP              | GB        |   4500000 | PA      | $4490127.50   | 0.05%             | 2022-12-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2B3<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   9930000 | PA      | $9817052.80   | 0.10%             | 2024-04-12      | Floating      | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                | Nissan Auto Receivables Owner Trust, Series 2022-B, Class A2                | CUSIP: 65480JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10833000 | PA      | $10735104.35  | 0.11%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BD0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4312000 | PA      | $4312000.00   | 0.05%             | 2022-12-02      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159YN0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  52759000 | PA      | $52661165.29  | 0.56%             | 2023-09-15      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank      | Credit Agricole Corporate and Investment Bank                               | CUSIP: 22533USN4<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |  52658000 | PA      | $51406409.91  | 0.55%             | 2023-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Suncorp-Metway Ltd.                                | Suncorp-Metway Ltd.                                                         | CUSIP: 8672E3N44<br>LEI: JEBU6C6ITPD2YZ9N7F22 | Long             | STIV             | CORP              | AU        |  35088000 | PA      | $34935070.00  | 0.37%             | 2023-01-04      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Take-Two Interactive Software, Inc.                | Take-Two Interactive Software, Inc.                                         | CUSIP: 874054AE9<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |  29149000 | PA      | $28373963.07  | 0.30%             | 2024-03-28      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367CYD3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  75000000 | PA      | $74682953.25  | 0.80%             | 2023-10-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec        | Federation des Caisses Desjardins du Quebec                                 | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |  25463000 | PA      | $25147320.93  | 0.27%             | 2024-05-21      | Floating      | 4.24%                 | Yes           |                  2 | On Loan: No      |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GM24<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |  42750000 | PA      | $42740407.33  | 0.46%             | 2022-12-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AIG Global Funding                                 | AIG Global Funding                                                          | CUSIP: 00138MAA4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  87384000 | PA      | $87151502.63  | 0.93%             | 2023-12-15      | Floating      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78012U4Q5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |   4103000 | PA      | $4067757.65   | 0.04%             | 2023-03-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                  | Barclays Bank plc                                                           | CUSIP: 06742TT89<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |   9699000 | PA      | $9613100.32   | 0.10%             | 2023-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015JB22<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  35318000 | PA      | $34980637.52  | 0.37%             | 2023-08-11      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YC8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  29727000 | PA      | $29526632.59  | 0.31%             | 2024-02-09      | Floating      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                   | Skandinaviska Enskilda Banken AB                                            | CUSIP: 83050PD71<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  75412000 | PA      | $74532421.58  | 0.79%             | 2023-06-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VP67<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24766439.00  | 0.26%             | 2023-02-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Public Service Co. of Colorado                     | Public Service Co. of Colorado                                              | CUSIP: 744448CH2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1527000 | PA      | $1513597.17   | 0.02%             | 2023-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                         | Procter & Gamble Co. (The)                                                  | CUSIP: 74271URK8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | STIV             | CORP              | US        |  27117000 | PA      | $26618725.13  | 0.28%             | 2023-04-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                              | CUSIP: 09659W2E3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        | 125535000 | PA      | $124907764.37 | 1.33%             | 2023-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Heineken NV                                        | Heineken NV                                                                 | CUSIP: 423012AD5<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |   9513000 | PA      | $9433018.03   | 0.10%             | 2023-04-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YF1<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   4630000 | PA      | $4523398.74   | 0.05%             | 2023-06-01      | Fixed         | 0.38%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MAW0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  12757000 | PA      | $12756619.08  | 0.14%             | 2023-01-17      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                     | CUSIP: 05583JAF9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  14724000 | PA      | $14468273.57  | 0.15%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61744YAN8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  18200000 | PA      | $18165086.94  | 0.19%             | 2023-01-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K4LY8<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  17894000 | PA      | $17834845.48  | 0.19%             | 2022-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Export Development Canada                          | Export Development Canada                                                   | CUSIP: 30216BHP0<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    300000 | PA      | $297885.00    | 0.00%             | 2023-02-24      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                             | Northrop Grumman Corp.                                                      | CUSIP: 666807BG6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |  11530000 | PA      | $11402309.17  | 0.12%             | 2023-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                     | CUSIP: 85325VBS8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |  79400000 | PA      | $78551923.04  | 0.84%             | 2023-08-11      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1VG2<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  95526000 | PA      | $92063601.86  | 0.98%             | 2023-08-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Beam Suntory, Inc.                                 | Beam Suntory, Inc.                                                          | CUSIP: 073730AG8<br>LEI: EWRDABCN7XBHM37LIA98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1979921.70   | 0.02%             | 2023-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 961214EK5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2236000 | PA      | $2234694.04   | 0.02%             | 2023-01-13      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.       | Fidelity National Information Services, Inc.                                | CUSIP: 31620MBP0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |  32387000 | PA      | $32019832.14  | 0.34%             | 2023-03-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Citizens Bank NA                                   | Citizens Bank NA                                                            | CUSIP: 17401QAQ4<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   6865000 | PA      | $6837482.13   | 0.07%             | 2023-03-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1YN4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  50450000 | PA      | $47940516.10  | 0.51%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                | CUSIP: 68389XBR5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  18946000 | PA      | $18866841.34  | 0.20%             | 2023-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17305T6B3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  27500000 | PA      | $27348992.55  | 0.29%             | 2023-05-02      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                          | CUSIP: 05565EBM6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  22369000 | PA      | $22290753.46  | 0.24%             | 2023-04-06      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| NatWest Markets plc                                | NatWest Markets plc                                                         | CUSIP: 63906YAA6<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |  47876000 | PA      | $47072486.08  | 0.50%             | 2023-05-21      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                     | 7-Eleven, Inc.                                                              | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  80603000 | PA      | $79889663.45  | 0.85%             | 2023-02-10      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                  | CUSIP: 49327M3C6<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  58259000 | PA      | $56583931.99  | 0.60%             | 2024-06-14      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                              | Entergy Louisiana LLC                                                       | CUSIP: 29364WBK3<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |  17858000 | PA      | $16591275.99  | 0.18%             | 2024-10-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367WYH0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  65746000 | PA      | $65767696.18  | 0.70%             | 2023-03-10      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2D9<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  13515000 | PA      | $13144252.06  | 0.14%             | 2023-06-28      | Fixed         | 0.60%                 | Yes           |                  2 | On Loan: No      |
| Truist Bank                                        | Truist Bank                                                                 | CUSIP: 89788JAD1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  58660000 | PA      | $58125875.48  | 0.62%             | 2024-01-17      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                                  | CUSIP: 00774MAT2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  43830000 | PA      | $41884977.57  | 0.45%             | 2023-10-29      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Suncorp-Metway Ltd.                                | Suncorp-Metway Ltd.                                                         | CUSIP: 8672E3NA0<br>LEI: JEBU6C6ITPD2YZ9N7F22 | Long             | STIV             | CORP              | AU        |  27635000 | PA      | $27492269.09  | 0.29%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GJY6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  44783000 | PA      | $43460690.12  | 0.46%             | 2024-06-14      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2S9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  16109000 | PA      | $15272620.72  | 0.16%             | 2024-01-08      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBU3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  29411000 | PA      | $29109975.77  | 0.31%             | 2023-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Kentucky Utilities Co.                             | Kentucky Utilities Co.                                                      | CUSIP: 49167BNP2<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24824500.00  | 0.26%             | 2023-01-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FMN9<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  21992000 | PA      | $21751915.98  | 0.23%             | 2023-06-07      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55608PBH6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  44324000 | PA      | $44297848.84  | 0.47%             | 2023-04-06      | Floating      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank AB                                                              | CUSIP: 65558KYG3<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  54609000 | PA      | $51820623.50  | 0.55%             | 2023-11-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | Cooperatieve Centrale Raiffeisen-Boerenleenbank BA                          | CUSIP: 21684XUZ7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |  76484000 | PA      | $76019550.91  | 0.81%             | 2023-02-03      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 0641598J8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1353000 | PA      | $1306549.26   | 0.01%             | 2023-09-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: —       |
| Metropolitan Life Global Funding I                 | Metropolitan Life Global Funding I                                          | CUSIP: 59217GAX7<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139722.28    | 0.00%             | 2023-01-10      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2021-P4, Class A2                    | CUSIP: 14687KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10586387 | PA      | $10465312.35  | 0.11%             | 2025-04-10      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                  | Santander Retail Auto Lease Trust, Series 2022-B, Class A2                  | CUSIP: 80287UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  32985350 | PA      | $32423068.40  | 0.35%             | 2025-05-20      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TKE4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  43399000 | PA      | $43429298.58  | 0.46%             | 2023-07-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TJE6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  29450000 | PA      | $29433508.00  | 0.31%             | 2023-04-06      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550L2D2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  50805000 | PA      | $48760992.41  | 0.52%             | 2023-05-05      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                     | CUSIP: 233851DD3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   2723000 | PA      | $2712527.48   | 0.03%             | 2023-02-22      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Kia Corp.                                          | Kia Corp.                                                                   | CUSIP: 493738AE8<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |   3400000 | PA      | $3365150.00   | 0.04%             | 2023-04-25      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: —       |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBT6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  70324000 | PA      | $70308397.21  | 0.75%             | 2023-02-22      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                             | CUSIP: 00912XAT1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1428000 | PA      | $1399901.87   | 0.01%             | 2023-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class A3 | CUSIP: 36258NAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1245112 | PA      | $1237216.73   | 0.01%             | 2024-09-16      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                                | CUSIP: 902613AR9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  75273000 | PA      | $73725527.88  | 0.79%             | 2025-08-05      | Variable      | 4.49%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FKQ4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  66382000 | PA      | $65772902.67  | 0.70%             | 2023-04-28      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Oklahoma Gas and Electric Co.                      | Oklahoma Gas and Electric Co.                                               | CUSIP: 678858BW0<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1156721.69   | 0.01%             | 2023-05-26      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAP4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |  23635000 | PA      | $23551212.74  | 0.25%             | 2023-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | Cooperatieve Rabobank UA                                                    | CUSIP: 21684XXY7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |  15000000 | PA      | $14991840.60  | 0.16%             | 2022-12-12      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2021-2, Class A2A                           | CUSIP: 14314QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420530 | PA      | $419853.78    | 0.00%             | 2024-06-17      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2021-A, Class A4                             | CUSIP: 88161FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6700000 | PA      | $6382273.27   | 0.07%             | 2025-03-20      | Fixed         | 0.66%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61772BAA1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  29923000 | PA      | $29329124.50  | 0.31%             | 2024-04-05      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Campbell Soup Co.                                  | Campbell Soup Co.                                                           | CUSIP: 134429BE8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  34401000 | PA      | $34249825.15  | 0.36%             | 2023-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                | Bank of Nova Scotia (The)                                                   | CUSIP: 06417MWU5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |  51467000 | PA      | $51486892.51  | 0.55%             | 2023-03-24      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos., Inc.                                | Carlisle Cos., Inc.                                                         | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   2027000 | PA      | $1955841.68   | 0.02%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2022-P1, Class A2                    | CUSIP: 14688DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28726324 | PA      | $28395141.37  | 0.30%             | 2025-05-12      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAQ2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   9938000 | PA      | $9942982.32   | 0.11%             | 2023-03-05      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                     | Thermo Fisher Scientific, Inc.                                              | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        | 104480000 | PA      | $104317614.05 | 1.11%             | 2023-04-18      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Westpac Securities NZ Ltd.                         | Westpac Securities NZ Ltd.                                                  | CUSIP: 96122HP23<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |  29000000 | PA      | $28778775.24  | 0.31%             | 2023-02-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                          | CUSIP: 22535WAF4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  12730000 | PA      | $12748610.75  | 0.14%             | 2023-04-24      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115BDA5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        | 164800000 | PA      | $163904173.57 | 1.75%             | 2023-05-01      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55607LPU2<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  15000000 | PA      | $14824125.00  | 0.16%             | 2023-02-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                        | Raytheon Technologies Corp.                                                 | CUSIP: 75513GS80<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |   6600000 | PA      | $6438975.38   | 0.07%             | 2023-05-08      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                          | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |  86188000 | PA      | $86096822.58  | 0.92%             | 2023-03-09      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                        | Nationwide Building Society                                                 | CUSIP: 63859UBE2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  22727000 | PA      | $22631463.42  | 0.24%             | 2023-01-27      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                  | CUSIP: 63873QTE4<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  35043000 | PA      | $35073096.68  | 0.37%             | 2023-03-24      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Shinhan Bank                                       | Shinhan Bank                                                                | CUSIP: 82460APD4<br>LEI: 5493003P813VL21KG928 | Long             | STIV             | CORP              | KR        |   6750000 | PA      | $6682473.27   | 0.07%             | 2023-05-09      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust, Series 2021-3A, Class A2             | CUSIP: 96043JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  50574021 | PA      | $50164351.09  | 0.53%             | 2024-09-16      | Fixed         | 0.57%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust, Series 2022-B, Class A2A                    | CUSIP: 44918MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28860000 | PA      | $28552456.30  | 0.30%             | 2025-05-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GKS7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  29078000 | PA      | $28357388.71  | 0.30%             | 2025-04-25      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners plc                 | Coca-Cola Europacific Partners plc                                          | CUSIP: 19123MAD5<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |  47359000 | PA      | $46342442.85  | 0.49%             | 2023-05-05      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | Cooperatieve Rabobank UA                                                    | CUSIP: 21684XXS0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |  47262000 | PA      | $46755022.42  | 0.50%             | 2023-05-17      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2022-2, Class A2A                           | CUSIP: 14317HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17275917 | PA      | $17073510.42  | 0.18%             | 2025-05-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                     | AutoZone, Inc.                                                              | CUSIP: 053332AN2<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   2246000 | PA      | $2239956.19   | 0.02%             | 2023-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                 | Oversea-Chinese Banking Corp. Ltd.                                          | CUSIP: 69033MQ67<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  30410000 | PA      | $30417849.43  | 0.32%             | 2023-01-24      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                         | Procter & Gamble Co. (The)                                                  | CUSIP: 74271URJ1<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | STIV             | CORP              | US        |  45705000 | PA      | $44872228.39  | 0.48%             | 2023-04-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.                    | Canadian Natural Resources Ltd.                                             | CUSIP: 136385AW1<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   4134000 | PA      | $4130574.61   | 0.04%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| Svenska Handelsbanken                              | Svenska Handelsbanken                                                       | CUSIP: 86959RA26<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  53540000 | PA      | $53020559.20  | 0.56%             | 2023-06-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Shinhan Bank                                       | Shinhan Bank                                                                | CUSIP: 82460APF9<br>LEI: 5493003P813VL21KG928 | Long             | STIV             | CORP              | KR        |   4000000 | PA      | $3959265.08   | 0.04%             | 2023-05-11      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                     | HSBC USA, Inc.                                                              | CUSIP: 40434RV17<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  64300000 | PA      | $61967974.67  | 0.66%             | 2023-08-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  19938000 | PA      | $19816600.31  | 0.21%             | 2023-02-10      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367CX77<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  11500000 | PA      | $11392785.85  | 0.12%             | 2023-07-21      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RAT9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  16721000 | PA      | $16331627.77  | 0.17%             | 2024-03-28      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                          | CUSIP: 15189WAN0<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |  31552000 | PA      | $31526637.24  | 0.34%             | 2023-03-02      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                     | MUFG Bank Ltd.                                                              | CUSIP: 62479MSF1<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   7920000 | PA      | $7740175.53   | 0.08%             | 2023-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AT1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   7000000 | PA      | $6974402.33   | 0.07%             | 2023-03-02      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                          | United Overseas Bank Ltd.                                                   | CUSIP: 91127QQX0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | STIV             | CORP              | SG        | 123000000 | PA      | $120992034.84 | 1.29%             | 2023-03-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                          | CUSIP: 22535WAE7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  85025000 | PA      | $84475952.76  | 0.90%             | 2023-04-24      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ONE Gas, Inc.                                      | ONE Gas, Inc.                                                               | CUSIP: 68235PAJ7<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |  24797000 | PA      | $24742307.74  | 0.26%             | 2023-03-11      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bk Abp                                                               | CUSIP: 65558UWQ1<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  51821000 | PA      | $51363400.36  | 0.55%             | 2023-09-05      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05253CS15<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |  25177000 | PA      | $24680352.96  | 0.26%             | 2023-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                    | CUSIP: 75951AAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4461000 | PA      | $4398493.63   | 0.05%             | 2023-09-19      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                  | CUSIP: 63873KQU4<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  96483000 | PA      | $94984608.40  | 1.01%             | 2023-03-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAE5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  42504000 | PA      | $42271448.29  | 0.45%             | 2023-02-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                   | HSBC Bank USA NA                                                            | CUSIP: 40435RNP2<br>LEI: 1IE8VN30JCEQV1H4R804 | Long             | STIV             | CORP              | US        |   3259000 | PA      | $3227483.25   | 0.03%             | 2023-08-10      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                     | CUSIP: 85324UT60<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   2827000 | PA      | $2751057.99   | 0.03%             | 2023-06-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GWU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  33078000 | PA      | $33110006.93  | 0.35%             | 2023-02-23      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FPA4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  17811000 | PA      | $17815815.74  | 0.19%             | 2022-12-27      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDV0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  78501000 | PA      | $78523438.73  | 0.84%             | 2023-02-22      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA              | Banque Federative du Credit Mutuel SA                                       | CUSIP: 06675FAQ0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  12474000 | PA      | $12486986.31  | 0.13%             | 2023-07-20      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YBJ7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   8168000 | PA      | $7846802.55   | 0.08%             | 2024-09-08      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                  | Enterprise Products Operating LLC                                           | CUSIP: 29379VAZ6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |  32815000 | PA      | $32662866.05  | 0.35%             | 2023-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Chevron Phillips Chemical Co. LLC                  | Chevron Phillips Chemical Co. LLC                                           | CUSIP: 166754AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $228661.11    | 0.00%             | 2023-05-01      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Credit Industriel et Commercial                    | Credit Industriel et Commercial                                             | CUSIP: 22536U4P2<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | FR        |  69200000 | PA      | $68401302.60  | 0.73%             | 2023-06-05      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                    | CUSIP: 75951AAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16602000 | PA      | $16529586.23  | 0.18%             | 2023-01-21      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | AmeriCredit Automobile Receivables Trust, Series 2021-2, Class A2           | CUSIP: 03066RAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5300412 | PA      | $5288250.52   | 0.06%             | 2024-11-18      | Fixed         | 0.26%                 | No            |                  2 | On Loan: No      |
| AmerisourceBergen Corp.                            | AmerisourceBergen Corp.                                                     | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |  30152000 | PA      | $29783917.35  | 0.32%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 21688AAL6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  10831000 | PA      | $10812267.14  | 0.12%             | 2023-01-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                           | Svenska Handelsbanken AB                                                    | CUSIP: 86960KVF6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        | 109800000 | PA      | $105678217.80 | 1.13%             | 2023-08-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17305T6T4<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  27400000 | PA      | $27122313.06  | 0.29%             | 2023-08-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                       | Ford Credit Auto Lease Trust, Series 2022-A, Class A2A                      | CUSIP: 34528LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21660887 | PA      | $21381528.26  | 0.23%             | 2024-10-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2021-B, Class A2                             | CUSIP: 88161KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    692428 | PA      | $676272.50    | 0.01%             | 2025-09-22      | Fixed         | 0.36%                 | Yes           |                  2 | On Loan: No      |
| Cigna Corp.                                        | Cigna Corp.                                                                 | CUSIP: 125523AF7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2994000 | PA      | $2973206.49   | 0.03%             | 2023-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets plc                  | Lloyds Bank Corporate Markets plc                                           | CUSIP: 53947BG87<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |  45608000 | PA      | $45618299.20  | 0.49%             | 2023-03-22      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Westpac Securities NZ Ltd.                         | Westpac Securities NZ Ltd.                                                  | CUSIP: 96122HNJ8<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |  28800000 | PA      | $28636575.26  | 0.30%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015DYN4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  24874000 | PA      | $23568637.35  | 0.25%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1YH7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  95875000 | PA      | $91170903.67  | 0.97%             | 2023-11-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FUE0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  17980000 | PA      | $17900132.66  | 0.19%             | 2023-10-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RAL6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  26329000 | PA      | $26041012.34  | 0.28%             | 2023-09-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159TE6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2425000 | PA      | $2414752.94   | 0.03%             | 2023-02-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WN95<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |  55500000 | PA      | $55220033.58  | 0.59%             | 2023-01-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2021-P3, Class A2                    | CUSIP: 14687JAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13096507 | PA      | $12943812.27  | 0.14%             | 2025-01-10      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GHC6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  55933000 | PA      | $55867486.80  | 0.59%             | 2023-12-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115BBK5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  38600000 | PA      | $38591530.00  | 0.41%             | 2023-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust                            | Carmax Auto Owner Trust, Series 2019-2, Class A4                            | CUSIP: 14316LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4404000 | PA      | $4371372.09   | 0.05%             | 2024-12-16      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                              | CUSIP: 09660KP84<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |  24500000 | PA      | $24289388.45  | 0.26%             | 2023-02-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Securities LLC                         | Wells Fargo Securities LLC                                                  | CUSIP: 0SX001BY5<br>LEI: VYVVCKR63DVZZN70PB21 | Long             | RA               | CORP              | US        | 100000000 | PA      | $100000000.00 | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AIG Global Funding                                 | AIG Global Funding                                                          | CUSIP: 00138CAM0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   8857000 | PA      | $8634636.42   | 0.09%             | 2023-07-07      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Toyota Finance Australia Ltd.                      | Toyota Finance Australia Ltd.                                               | CUSIP: 89237ES81<br>LEI: 3UKPTDP5PGQRH8AUK042 | Long             | STIV             | CORP              | AU        |  14185000 | PA      | $13874817.74  | 0.15%             | 2023-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86563VAX7<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  25847000 | PA      | $25657722.42  | 0.27%             | 2024-09-16      | Floating      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                 | CUSIP: 14040HCD5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  69963000 | PA      | $69204276.45  | 0.74%             | 2023-05-11      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558KP65<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |   3000000 | PA      | $2975724.00   | 0.03%             | 2023-02-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| National Bank of Canada                            | National Bank of Canada                                                     | CUSIP: 63307A2J3<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  42595000 | PA      | $42422585.66  | 0.45%             | 2023-02-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015JGE1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        | 109301000 | PA      | $108746032.92 | 1.16%             | 2023-09-22      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550L2F7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  41195000 | PA      | $39252392.93  | 0.42%             | 2023-08-09      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                           | Svenska Handelsbanken AB                                                    | CUSIP: 86960KNJ7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  80850000 | PA      | $80395290.71  | 0.86%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822BV5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  76361000 | PA      | $73409048.68  | 0.78%             | 2024-09-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Kookmin Bank                                       | Kookmin Bank                                                                | CUSIP: 50049QQ94<br>LEI: 549300XXMOJSIW8P4769 | Long             | STIV             | CORP              | KR        |  36540000 | PA      | $36077266.58  | 0.38%             | 2023-03-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                     | MUFG Bank Ltd.                                                              | CUSIP: 55380UD53<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |  56609000 | PA      | $56634361.40  | 0.60%             | 2023-05-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015K7K4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  33079000 | PA      | $32923522.41  | 0.35%             | 2023-10-26      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust, Series 2022-2, Class A2             | CUSIP: 80286MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1945969 | PA      | $1936377.82   | 0.02%             | 2026-10-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13608BS21<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        | 120000000 | PA      | $117562710.00 | 1.25%             | 2023-05-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                    | CUSIP: 24422EUG2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    550000 | PA      | $550419.41    | 0.01%             | 2023-06-07      | Floating      | 3.69%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                    | CUSIP: 29279HNL5<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |  10591000 | PA      | $10515770.33  | 0.11%             | 2023-01-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65557CAZ6<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   9568000 | PA      | $9580012.72   | 0.10%             | 2023-08-30      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust              | GM Financial Automobile Leasing Trust, Series 2022-2, Class A2              | CUSIP: 36266FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18067172 | PA      | $17813370.04  | 0.19%             | 2024-10-21      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06369MN58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  17100000 | PA      | $17030437.20  | 0.18%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05253CYN0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |  46774000 | PA      | $44377791.37  | 0.47%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust, Series 2021-3, Class A3                       | CUSIP: 262081AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13263000 | PA      | $13139656.75  | 0.14%             | 2025-10-15      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                  | NTT Finance Corp.                                                           | CUSIP: 62954WAA3<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |  28846000 | PA      | $28510809.48  | 0.30%             | 2023-03-03      | Fixed         | 0.37%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236THV0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  12873000 | PA      | $12832679.32  | 0.14%             | 2024-01-11      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| KEB Hana Bank USA                                  | KEB Hana Bank USA                                                           | CUSIP: 48252QNH5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  53488000 | PA      | $53188467.20  | 0.57%             | 2023-01-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015K7D0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3650000 | PA      | $3638506.33   | 0.04%             | 2023-01-17      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Citigroup Global Markets, Inc.                                              | CUSIP: 17327BV93<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   4320000 | PA      | $4157127.36   | 0.04%             | 2023-08-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                            | BMW Vehicle Lease Trust, Series 2022-1, Class A2                            | CUSIP: 05601XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6316783 | PA      | $6257968.40   | 0.07%             | 2024-05-28      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VP75<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  44600000 | PA      | $44176173.78  | 0.47%             | 2023-02-07      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                    | CUSIP: 29279HNQ4<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |  32759000 | PA      | $32502601.53  | 0.35%             | 2023-01-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  47200000 | PA      | $45669905.80  | 0.49%             | 2024-06-30      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC           | Daimler Trucks Finance North America LLC                                    | CUSIP: 233853AK6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  32163000 | PA      | $31964329.15  | 0.34%             | 2024-04-05      | Floating      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550UAB7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  24506000 | PA      | $23307656.60  | 0.25%             | 2024-02-02      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FKC5<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |    540000 | PA      | $535187.43    | 0.01%             | 2023-04-25      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust, Series 2021-3A, Class A3               | CUSIP: 30166AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1038806 | PA      | $1036772.57   | 0.01%             | 2025-02-18      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd.                                   | Mizuho Bank Ltd.                                                            | CUSIP: 60689QNA8<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |   6563000 | PA      | $6531659.31   | 0.07%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                        | CUSIP: 378272AF5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    903000 | PA      | $896565.34    | 0.01%             | 2023-05-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| McKesson Corp.                                     | McKesson Corp.                                                              | CUSIP: 581557AZ8<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $8092568.33   | 0.09%             | 2022-12-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABJ5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2667000 | PA      | $2670147.06   | 0.03%             | 2023-04-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                          | TWDC Enterprises 18 Corp.                                                   | CUSIP: 25468PCW4<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |   2993000 | PA      | $2993000.00   | 0.03%             | 2022-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank (The)                       | Korea Development Bank (The)                                                | CUSIP: 5006E3SS0<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | KR        |  39061000 | PA      | $38099213.89  | 0.41%             | 2023-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159VM5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  19996000 | PA      | $19519899.84  | 0.21%             | 2023-06-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GXZ2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  36100000 | PA      | $35566005.55  | 0.38%             | 2024-03-08      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                          | CUSIP: 63743HFB3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  11259000 | PA      | $11217216.61  | 0.12%             | 2023-08-07      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668BD3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  15738000 | PA      | $15592171.38  | 0.17%             | 2023-05-12      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2021-4, Class A2A                           | CUSIP: 14317JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4394360 | PA      | $4356148.67   | 0.05%             | 2024-11-15      | Fixed         | 0.24%                 | No            |                  2 | On Loan: No      |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VQ66<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   3200000 | PA      | $3155396.26   | 0.03%             | 2023-03-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA              | Banque Federative du Credit Mutuel SA                                       | CUSIP: 06675FAR8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   8740000 | PA      | $8653115.22   | 0.09%             | 2023-07-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MassMutual Global Funding II                       | MassMutual Global Funding II                                                | CUSIP: 57629WCV0<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    244000 | PA      | $235882.67    | 0.00%             | 2023-08-28      | Fixed         | 0.48%                 | Yes           |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA       | Cie Generale des Etablissements Michelin SCA                                | CUSIP: 20438FP75<br>LEI: 549300SOSI58J6VIW052 | Long             | STIV             | CORP              | FR        |  11304000 | PA      | $11192503.00  | 0.12%             | 2023-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                        | Equinor ASA                                                                 | CUSIP: 85771PAG7<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | NUSS              | NO        |   1733000 | PA      | $1728168.59   | 0.02%             | 2023-01-17      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2021-A, Class A3            | CUSIP: 44891TAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379270 | PA      | $376061.39    | 0.00%             | 2024-01-16      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                          | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |  33345000 | PA      | $32987931.40  | 0.35%             | 2023-03-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BW8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  21143000 | PA      | $20973712.23  | 0.22%             | 2023-08-03      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                      | PepsiCo, Inc.                                                               | CUSIP: 713448CG1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2744000 | PA      | $2731223.50   | 0.03%             | 2023-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                            | BMW Vehicle Lease Trust, Series 2021-2, Class A2                            | CUSIP: 09690AAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2247767 | PA      | $2241469.26   | 0.02%             | 2023-11-27      | Fixed         | 0.19%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding            | Equitable Financial Life Global Funding                                     | CUSIP: 29449WAH0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |  58202000 | PA      | $58099228.65  | 0.62%             | 2023-04-06      | Floating      | 4.22%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        | 113089000 | PA      | $112002468.03 | 1.19%             | 2024-01-25      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FVT6<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  56029000 | PA      | $56088481.51  | 0.60%             | 2023-07-31      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                     | Enbridge, Inc.                                                              | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  13243000 | PA      | $13230571.58  | 0.14%             | 2023-02-17      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Southern Natural Gas Co. LLC                       | Southern Natural Gas Co. LLC                                                | CUSIP: 84346LAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4967000 | PA      | $4855794.98   | 0.05%             | 2023-04-28      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer