# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0002071691-26-007394
**Filing Date:** 2026-3
**Character Count:** 165169
**Document Hash:** a3ba0b2d416c88eacfe9c54df354e703
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007394.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007394

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Trust I
- **CENTRAL INDEX KEY:** 0001217286

**ORGANIZATION NAME:**
- **EIN:** 331043149
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 26805520

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**JPMorgan Developed International Value Fund**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE** <br>**($000)**<br>|
| **Common Stocks — 93.5%** | **Common Stocks — 93.5%** | **Common Stocks — 93.5%** |
| **Australia — 3.9%** | **Australia — 3.9%** | **Australia — 3.9%** |
| &nbsp;&nbsp;&nbsp; Beach Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4782 | &nbsp;&nbsp;&nbsp;&nbsp; 4099 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 46497 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 666 | &nbsp;&nbsp;&nbsp;&nbsp; 9638 |
| &nbsp;&nbsp;&nbsp; Insignia Financial Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1281 | &nbsp;&nbsp;&nbsp;&nbsp; 4140 |
| &nbsp;&nbsp;&nbsp; Perseus Mining Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 659 | &nbsp;&nbsp;&nbsp;&nbsp; 2538 |
| &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 680 | &nbsp;&nbsp;&nbsp;&nbsp; 9326 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp; 371 | &nbsp;&nbsp;&nbsp;&nbsp; 33884 |
| &nbsp;&nbsp;&nbsp; Ventia Services Group Pty. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 728 | &nbsp;&nbsp;&nbsp;&nbsp; 2915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 113037 |
| **Austria — 1.4%** | **Austria — 1.4%** | **Austria — 1.4%** |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (b) | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 2290 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 12062 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp; 6187 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp;&nbsp; 5079 |
| &nbsp;&nbsp;&nbsp; Strabag SE | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1726 |
| &nbsp;&nbsp;&nbsp; Telekom Austria AG | &nbsp;&nbsp;&nbsp;&nbsp; 207 | &nbsp;&nbsp;&nbsp;&nbsp; 2204 |
| &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG Wiener Versicherung Gruppe | &nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp; 9732 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39280 |
| **Belgium — 0.9%** | **Belgium — 0.9%** | **Belgium — 0.9%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp; 8919 |
| &nbsp;&nbsp;&nbsp; Deme Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 3020 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 9451 |
| &nbsp;&nbsp;&nbsp; Umicore SA | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 4606 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25996 |
| **China — 0.5%** | **China — 0.5%** | **China — 0.5%** |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1272 | &nbsp;&nbsp;&nbsp;&nbsp; 6701 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3229 | &nbsp;&nbsp;&nbsp;&nbsp; 8480 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15181 |
| **Denmark — 1.0%** | **Denmark — 1.0%** | **Denmark — 1.0%** |
| &nbsp;&nbsp;&nbsp; AL Sydbank | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 2346 |
| &nbsp;&nbsp;&nbsp; Carlsberg A/S, Class B (a) | &nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 4495 |
| &nbsp;&nbsp;&nbsp; Cementir Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp; 5160 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp;&nbsp; 9274 |
| &nbsp;&nbsp;&nbsp; H Lundbeck A/S | &nbsp;&nbsp;&nbsp;&nbsp; 548 | &nbsp;&nbsp;&nbsp;&nbsp; 3675 |
| &nbsp;&nbsp;&nbsp; ISS A/S | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 2808 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27758 |
| **Finland — 0.7%** | **Finland — 0.7%** | **Finland — 0.7%** |
| &nbsp;&nbsp;&nbsp; Konecranes OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 4415 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp;&nbsp; 15456 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19871 |
| **France — 7.4%** | **France — 7.4%** | **France — 7.4%** |
| &nbsp;&nbsp;&nbsp; Alten SA | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 1004 |
| &nbsp;&nbsp;&nbsp; Arkema SA | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp;&nbsp; 2801 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp;&nbsp; 529 | &nbsp;&nbsp;&nbsp;&nbsp; 24101 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Ayvens SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 222 | &nbsp;&nbsp;&nbsp;&nbsp; 3222 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp;&nbsp; 28139 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 10375 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp; 319 | &nbsp;&nbsp;&nbsp;&nbsp; 11829 |
| &nbsp;&nbsp;&nbsp; Coface SA | &nbsp;&nbsp;&nbsp;&nbsp; 172 | &nbsp;&nbsp;&nbsp;&nbsp; 3152 |
| &nbsp;&nbsp;&nbsp; Covivio SA, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 4086 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp;&nbsp;&nbsp; 384 | &nbsp;&nbsp;&nbsp;&nbsp; 8325 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 9450 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 704 | &nbsp;&nbsp;&nbsp;&nbsp; 21015 |
| &nbsp;&nbsp;&nbsp; Forvia SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 181 | &nbsp;&nbsp;&nbsp;&nbsp; 2959 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp;&nbsp;&nbsp; 655 | &nbsp;&nbsp;&nbsp;&nbsp; 12171 |
| &nbsp;&nbsp;&nbsp; Rubis SCA | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 2531 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp;&nbsp; 14761 |
| &nbsp;&nbsp;&nbsp; Television Francaise 1 SA | &nbsp;&nbsp;&nbsp;&nbsp; 244 | &nbsp;&nbsp;&nbsp;&nbsp; 2360 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp; 521 | &nbsp;&nbsp;&nbsp;&nbsp; 37904 |
| &nbsp;&nbsp;&nbsp; Valeo SE | &nbsp;&nbsp;&nbsp;&nbsp; 220 | &nbsp;&nbsp;&nbsp;&nbsp; 3068 |
| &nbsp;&nbsp;&nbsp; Vallourec SACA | &nbsp;&nbsp;&nbsp;&nbsp; 410 | &nbsp;&nbsp;&nbsp;&nbsp; 8695 |
| &nbsp;&nbsp;&nbsp; Vicat SACA | &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 2730 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 214678 |
| **Georgia — 0.1%** | **Georgia — 0.1%** | **Georgia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Lion Finance Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 3379 |
| **Germany — 7.7%** | **Germany — 7.7%** | **Germany — 7.7%** |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 44145 |
| &nbsp;&nbsp;&nbsp; Aroundtown SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 648 | &nbsp;&nbsp;&nbsp;&nbsp; 2058 |
| &nbsp;&nbsp;&nbsp; Aumovio SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 1948 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 338 | &nbsp;&nbsp;&nbsp;&nbsp; 17875 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 9901 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp; 8184 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 442 | &nbsp;&nbsp;&nbsp;&nbsp; 17423 |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG | &nbsp;&nbsp;&nbsp;&nbsp; 294 | &nbsp;&nbsp;&nbsp;&nbsp; 16465 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 812 | &nbsp;&nbsp;&nbsp;&nbsp; 27235 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp;&nbsp; 9237 |
| &nbsp;&nbsp;&nbsp; Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 2625 |
| &nbsp;&nbsp;&nbsp; Hornbach Holding AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp; JOST Werke SE (b) | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 4100 |
| &nbsp;&nbsp;&nbsp; LEG Immobilien SE | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; 5577 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 241 | &nbsp;&nbsp;&nbsp;&nbsp; 16480 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 17896 |
| &nbsp;&nbsp;&nbsp; Schaeffler AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 354 | &nbsp;&nbsp;&nbsp;&nbsp; 4176 |
| &nbsp;&nbsp;&nbsp; Talanx AG | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 2468 |
| &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 6997 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp;&nbsp;&nbsp; 296 | &nbsp;&nbsp;&nbsp;&nbsp; 8657 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 223484 |
| **Guatemala — 0.3%** | **Guatemala — 0.3%** | **Guatemala — 0.3%** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp;&nbsp;&nbsp; 8314 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hong Kong — 1.9%** | **Hong Kong — 1.9%** | **Hong Kong — 1.9%** |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1732 | &nbsp;&nbsp;&nbsp;&nbsp; 10143 |
| &nbsp;&nbsp;&nbsp; Hang Lung Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5259 | &nbsp;&nbsp;&nbsp;&nbsp; 6346 |
| &nbsp;&nbsp;&nbsp; Hysan Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3107 | &nbsp;&nbsp;&nbsp;&nbsp; 8533 |
| &nbsp;&nbsp;&nbsp; Kerry Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2022 | &nbsp;&nbsp;&nbsp;&nbsp; 6138 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 586 | &nbsp;&nbsp;&nbsp;&nbsp; 9628 |
| &nbsp;&nbsp;&nbsp; Swire Properties Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 967 | &nbsp;&nbsp;&nbsp;&nbsp; 2932 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 4298 | &nbsp;&nbsp;&nbsp;&nbsp; 5072 |
| &nbsp;&nbsp;&nbsp; Wharf Real Estate Investment Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1542 | &nbsp;&nbsp;&nbsp;&nbsp; 5354 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 54146 |
| **Indonesia — 0.3%** | **Indonesia — 0.3%** | **Indonesia — 0.3%** |
| &nbsp;&nbsp;&nbsp; First Pacific Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10054 | &nbsp;&nbsp;&nbsp;&nbsp; 7867 |
| **Ireland — 1.3%** | **Ireland — 1.3%** | **Ireland — 1.3%** |
| &nbsp;&nbsp;&nbsp; AerCap Holdings NV | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 13757 |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 649 | &nbsp;&nbsp;&nbsp;&nbsp; 7253 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 299 | &nbsp;&nbsp;&nbsp;&nbsp; 6083 |
| &nbsp;&nbsp;&nbsp; Glanbia plc | &nbsp;&nbsp;&nbsp;&nbsp; 228 | &nbsp;&nbsp;&nbsp;&nbsp; 4384 |
| &nbsp;&nbsp;&nbsp; Glenveagh Properties plc \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1246 | &nbsp;&nbsp;&nbsp;&nbsp; 2892 |
| &nbsp;&nbsp;&nbsp; Greencore Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1167 | &nbsp;&nbsp;&nbsp;&nbsp; 4623 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 38992 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| &nbsp;&nbsp;&nbsp; Plus500 Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 3096 |
| **Italy — 4.7%** | **Italy — 4.7%** | **Italy — 4.7%** |
| &nbsp;&nbsp;&nbsp; Azimut Holding SpA | &nbsp;&nbsp;&nbsp;&nbsp; 174 | &nbsp;&nbsp;&nbsp;&nbsp; 7343 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | &nbsp;&nbsp;&nbsp;&nbsp; 353 | &nbsp;&nbsp;&nbsp;&nbsp; 5293 |
| &nbsp;&nbsp;&nbsp; BFF Bank SpA \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp; 1508 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA | &nbsp;&nbsp;&nbsp;&nbsp; 476 | &nbsp;&nbsp;&nbsp;&nbsp; 6707 |
| &nbsp;&nbsp;&nbsp; Danieli & C Officine Meccaniche SpA | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 3531 |
| &nbsp;&nbsp;&nbsp; doValue SpA \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1340 | &nbsp;&nbsp;&nbsp;&nbsp; 4163 |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp;&nbsp;&nbsp; 2687 | &nbsp;&nbsp;&nbsp;&nbsp; 29690 |
| &nbsp;&nbsp;&nbsp; Eni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 727 | &nbsp;&nbsp;&nbsp;&nbsp; 14862 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 3618 | &nbsp;&nbsp;&nbsp;&nbsp; 25610 |
| &nbsp;&nbsp;&nbsp; Iveco Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 1782 |
| &nbsp;&nbsp;&nbsp; Pirelli & C SpA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 349 | &nbsp;&nbsp;&nbsp;&nbsp; 2628 |
| &nbsp;&nbsp;&nbsp; Saipem SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 928 | &nbsp;&nbsp;&nbsp;&nbsp; 3427 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp;&nbsp;&nbsp; 20902 |
| &nbsp;&nbsp;&nbsp; Unipol Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 376 | &nbsp;&nbsp;&nbsp;&nbsp; 8383 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 135829 |
| **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** |
| &nbsp;&nbsp;&nbsp; Endeavour Mining plc | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 3791 |
| **Japan — 24.5%** | **Japan — 24.5%** | **Japan — 24.5%** |
| &nbsp;&nbsp;&nbsp; Aiful Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1811 | &nbsp;&nbsp;&nbsp;&nbsp; 6439 |
| &nbsp;&nbsp;&nbsp; Aisin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 485 | &nbsp;&nbsp;&nbsp;&nbsp; 8685 |
| &nbsp;&nbsp;&nbsp; Asahi Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1104 | &nbsp;&nbsp;&nbsp;&nbsp; 11553 |
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 459 | &nbsp;&nbsp;&nbsp;&nbsp; 4448 |
| &nbsp;&nbsp;&nbsp; Central Japan Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp; 343 | &nbsp;&nbsp;&nbsp;&nbsp; 9563 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Chiba Bank Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 333 | &nbsp;&nbsp;&nbsp;&nbsp; 4503 |
| &nbsp;&nbsp;&nbsp; Chiyoda Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1641 | &nbsp;&nbsp;&nbsp;&nbsp; 13642 |
| &nbsp;&nbsp;&nbsp; Concordia Financial Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp;&nbsp; 6830 |
| &nbsp;&nbsp;&nbsp; Credit Saison Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp; 6204 |
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1425 | &nbsp;&nbsp;&nbsp;&nbsp; 12533 |
| &nbsp;&nbsp;&nbsp; Daiwa Securities Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 902 | &nbsp;&nbsp;&nbsp;&nbsp; 8786 |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1337 | &nbsp;&nbsp;&nbsp;&nbsp; 11299 |
| &nbsp;&nbsp;&nbsp; Fuji Media Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp;&nbsp; 3296 |
| &nbsp;&nbsp;&nbsp; Furukawa Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 5984 |
| &nbsp;&nbsp;&nbsp; Gunma Bank Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 164 | &nbsp;&nbsp;&nbsp;&nbsp; 2063 |
| &nbsp;&nbsp;&nbsp; Hakuhodo DY Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 307 | &nbsp;&nbsp;&nbsp;&nbsp; 2297 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 549 | &nbsp;&nbsp;&nbsp;&nbsp; 12311 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp;&nbsp;&nbsp; 4883 |
| &nbsp;&nbsp;&nbsp; Japan Airlines Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp;&nbsp; 4250 |
| &nbsp;&nbsp;&nbsp; Japan Petroleum Exploration Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 698 | &nbsp;&nbsp;&nbsp;&nbsp; 8592 |
| &nbsp;&nbsp;&nbsp; Kamigumi Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp;&nbsp; 8343 |
| &nbsp;&nbsp;&nbsp; Kandenko Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp;&nbsp; 3474 |
| &nbsp;&nbsp;&nbsp; Kanematsu Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 555 | &nbsp;&nbsp;&nbsp;&nbsp; 7288 |
| &nbsp;&nbsp;&nbsp; Kansai Paint Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 2699 |
| &nbsp;&nbsp;&nbsp; KDDI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1075 | &nbsp;&nbsp;&nbsp;&nbsp; 18147 |
| &nbsp;&nbsp;&nbsp; KDX Realty Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 5723 |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; 9794 |
| &nbsp;&nbsp;&nbsp; Kyocera Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 531 | &nbsp;&nbsp;&nbsp;&nbsp; 7961 |
| &nbsp;&nbsp;&nbsp; Marubeni Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 448 | &nbsp;&nbsp;&nbsp;&nbsp; 14847 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3003 | &nbsp;&nbsp;&nbsp;&nbsp; 54385 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 660 | &nbsp;&nbsp;&nbsp;&nbsp; 21552 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 731 | &nbsp;&nbsp;&nbsp;&nbsp; 8387 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp;&nbsp;&nbsp; 30627 |
| &nbsp;&nbsp;&nbsp; Modec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 8191 |
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 558 | &nbsp;&nbsp;&nbsp;&nbsp; 14229 |
| &nbsp;&nbsp;&nbsp; Namura Shipbuilding Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp;&nbsp; 3495 |
| &nbsp;&nbsp;&nbsp; Niterra Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp;&nbsp; 7651 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1373 | &nbsp;&nbsp;&nbsp;&nbsp; 12446 |
| &nbsp;&nbsp;&nbsp; Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 497 | &nbsp;&nbsp;&nbsp;&nbsp; 3303 |
| &nbsp;&nbsp;&nbsp; Obayashi Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 415 | &nbsp;&nbsp;&nbsp;&nbsp; 9357 |
| &nbsp;&nbsp;&nbsp; Open House Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp;&nbsp;&nbsp; 6714 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 454 | &nbsp;&nbsp;&nbsp;&nbsp; 13836 |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 243 | &nbsp;&nbsp;&nbsp;&nbsp; 9108 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 617 | &nbsp;&nbsp;&nbsp;&nbsp; 8458 |
| &nbsp;&nbsp;&nbsp; Resona Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp;&nbsp; 5258 |
| &nbsp;&nbsp;&nbsp; Sankyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 2429 |
| &nbsp;&nbsp;&nbsp; SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp;&nbsp;&nbsp; 10181 |
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 417 | &nbsp;&nbsp;&nbsp;&nbsp; 8592 |
| &nbsp;&nbsp;&nbsp; Sojitz Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; 2820 |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 213 | &nbsp;&nbsp;&nbsp;&nbsp; 7356 |
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 347 | &nbsp;&nbsp;&nbsp;&nbsp; 7452 |
| &nbsp;&nbsp;&nbsp; Sumitomo Chemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1320 | &nbsp;&nbsp;&nbsp;&nbsp; 4017 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Sumitomo Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 407 | &nbsp;&nbsp;&nbsp;&nbsp; 16520 |
| &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 3200 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 927 | &nbsp;&nbsp;&nbsp;&nbsp; 32608 |
| &nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 314 | &nbsp;&nbsp;&nbsp;&nbsp; 8744 |
| &nbsp;&nbsp;&nbsp; Sumitomo Rubber Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 203 | &nbsp;&nbsp;&nbsp;&nbsp; 3270 |
| &nbsp;&nbsp;&nbsp; Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 895 | &nbsp;&nbsp;&nbsp;&nbsp; 12206 |
| &nbsp;&nbsp;&nbsp; T&D Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 257 | &nbsp;&nbsp;&nbsp;&nbsp; 6350 |
| &nbsp;&nbsp;&nbsp; TBS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 2094 |
| &nbsp;&nbsp;&nbsp; Tokai Rika Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 186 | &nbsp;&nbsp;&nbsp;&nbsp; 3772 |
| &nbsp;&nbsp;&nbsp; Tokio Marine Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 276 | &nbsp;&nbsp;&nbsp;&nbsp; 10298 |
| &nbsp;&nbsp;&nbsp; Tokuyama Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 271 | &nbsp;&nbsp;&nbsp;&nbsp; 7077 |
| &nbsp;&nbsp;&nbsp; Tokyo Century Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 464 | &nbsp;&nbsp;&nbsp;&nbsp; 6468 |
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 3279 |
| &nbsp;&nbsp;&nbsp; Tokyo Tatemono Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 328 | &nbsp;&nbsp;&nbsp;&nbsp; 7728 |
| &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp;&nbsp;&nbsp; 6526 |
| &nbsp;&nbsp;&nbsp; Toyo Tire Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp;&nbsp; 2606 |
| &nbsp;&nbsp;&nbsp; Toyoda Gosei Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; 4355 |
| &nbsp;&nbsp;&nbsp; Toyota Boshoku Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp;&nbsp; 4368 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2642 | &nbsp;&nbsp;&nbsp;&nbsp; 59880 |
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 386 | &nbsp;&nbsp;&nbsp;&nbsp; 14062 |
| &nbsp;&nbsp;&nbsp; Tsubakimoto Chain Co. | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 2103 |
| &nbsp;&nbsp;&nbsp; UACJ Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 217 | &nbsp;&nbsp;&nbsp;&nbsp; 3431 |
| &nbsp;&nbsp;&nbsp; Yamato Kogyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 3403 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 710629 |
| **Luxembourg — 0.4%** | **Luxembourg — 0.4%** | **Luxembourg — 0.4%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp; 233 | &nbsp;&nbsp;&nbsp;&nbsp; 12632 |
| **Netherlands — 3.1%** | **Netherlands — 3.1%** | **Netherlands — 3.1%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp;&nbsp;&nbsp; 6805 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 5411 |
| &nbsp;&nbsp;&nbsp; Eurocommercial Properties NV, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 2435 |
| &nbsp;&nbsp;&nbsp; Flow Traders Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp; 4838 |
| &nbsp;&nbsp;&nbsp; Havas NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp;&nbsp;&nbsp; 4850 |
| &nbsp;&nbsp;&nbsp; Heineken Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 7916 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 779 | &nbsp;&nbsp;&nbsp;&nbsp; 22977 |
| &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 395 | &nbsp;&nbsp;&nbsp;&nbsp; 4139 |
| &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V., CVA | &nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp; 10090 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp; 9100 |
| &nbsp;&nbsp;&nbsp; SBM Offshore NV | &nbsp;&nbsp;&nbsp;&nbsp; 266 | &nbsp;&nbsp;&nbsp;&nbsp; 9541 |
| &nbsp;&nbsp;&nbsp; Wereldhave NV, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp;&nbsp; 3173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 91275 |
| **Norway — 1.6%** | **Norway — 1.6%** | **Norway — 1.6%** |
| &nbsp;&nbsp;&nbsp; Aker Solutions ASA | &nbsp;&nbsp;&nbsp;&nbsp; 1323 | &nbsp;&nbsp;&nbsp;&nbsp; 4834 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp;&nbsp; 7513 |
| &nbsp;&nbsp;&nbsp; DOF Group ASA | &nbsp;&nbsp;&nbsp;&nbsp; 619 | &nbsp;&nbsp;&nbsp;&nbsp; 7245 |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | &nbsp;&nbsp;&nbsp;&nbsp; 590 | &nbsp;&nbsp;&nbsp;&nbsp; 5242 |
| &nbsp;&nbsp;&nbsp; Norwegian Air Shuttle ASA | &nbsp;&nbsp;&nbsp;&nbsp; 3648 | &nbsp;&nbsp;&nbsp;&nbsp; 6157 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Norway — continued** | **Norway — continued** | **Norway — continued** |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 679 | &nbsp;&nbsp;&nbsp;&nbsp; 11421 |
| &nbsp;&nbsp;&nbsp; Wallenius Wilhelmsen ASA | &nbsp;&nbsp;&nbsp;&nbsp; 469 | &nbsp;&nbsp;&nbsp;&nbsp; 5445 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 47857 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| &nbsp;&nbsp;&nbsp; Hochschild Mining plc | &nbsp;&nbsp;&nbsp;&nbsp; 624 | &nbsp;&nbsp;&nbsp;&nbsp; 5634 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| &nbsp;&nbsp;&nbsp; Banco Comercial Portugues SA, Class R | &nbsp;&nbsp;&nbsp;&nbsp; 4220 | &nbsp;&nbsp;&nbsp;&nbsp; 4568 |
| &nbsp;&nbsp;&nbsp; NOS SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 755 | &nbsp;&nbsp;&nbsp;&nbsp; 3925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8493 |
| **South Africa — 0.5%** | **South Africa — 0.5%** | **South Africa — 0.5%** |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp; 306 | &nbsp;&nbsp;&nbsp;&nbsp; 14174 |
| **Spain — 4.6%** | **Spain — 4.6%** | **Spain — 4.6%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 1441 | &nbsp;&nbsp;&nbsp;&nbsp; 36565 |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp;&nbsp;&nbsp; 1597 | &nbsp;&nbsp;&nbsp;&nbsp; 6265 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 3893 | &nbsp;&nbsp;&nbsp;&nbsp; 49710 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp; 1088 | &nbsp;&nbsp;&nbsp;&nbsp; 14365 |
| &nbsp;&nbsp;&nbsp; Mapfre SA | &nbsp;&nbsp;&nbsp;&nbsp; 1763 | &nbsp;&nbsp;&nbsp;&nbsp; 8066 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp;&nbsp;&nbsp; 544 | &nbsp;&nbsp;&nbsp;&nbsp; 10720 |
| &nbsp;&nbsp;&nbsp; Tecnicas Reunidas SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp;&nbsp; 5213 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 841 | &nbsp;&nbsp;&nbsp;&nbsp; 2882 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 133786 |
| **Sweden — 2.6%** | **Sweden — 2.6%** | **Sweden — 2.6%** |
| &nbsp;&nbsp;&nbsp; AcadeMedia AB (b) | &nbsp;&nbsp;&nbsp;&nbsp; 377 | &nbsp;&nbsp;&nbsp;&nbsp; 3990 |
| &nbsp;&nbsp;&nbsp; Ambea AB (b) | &nbsp;&nbsp;&nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 |
| &nbsp;&nbsp;&nbsp; Betsson AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp; 1754 |
| &nbsp;&nbsp;&nbsp; Loomis AB | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 2047 |
| &nbsp;&nbsp;&nbsp; Modern Times Group MTG AB, Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 294 | &nbsp;&nbsp;&nbsp;&nbsp; 3426 |
| &nbsp;&nbsp;&nbsp; NCC AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp; 2597 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 419 | &nbsp;&nbsp;&nbsp;&nbsp; 8997 |
| &nbsp;&nbsp;&nbsp; SSAB AB, Class B (a) | &nbsp;&nbsp;&nbsp;&nbsp; 554 | &nbsp;&nbsp;&nbsp;&nbsp; 4560 |
| &nbsp;&nbsp;&nbsp; Storskogen Group AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1743 | &nbsp;&nbsp;&nbsp;&nbsp; 2116 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp; 455 | &nbsp;&nbsp;&nbsp;&nbsp; 7173 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 353 | &nbsp;&nbsp;&nbsp;&nbsp; 13736 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1138 | &nbsp;&nbsp;&nbsp;&nbsp; 12326 |
| &nbsp;&nbsp;&nbsp; Telia Co. AB | &nbsp;&nbsp;&nbsp;&nbsp; 1617 | &nbsp;&nbsp;&nbsp;&nbsp; 7388 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 74110 |
| **Switzerland — 0.9%** | **Switzerland — 0.9%** | **Switzerland — 0.9%** |
| &nbsp;&nbsp;&nbsp; Adecco Group AG (Registered) (a) | &nbsp;&nbsp;&nbsp;&nbsp; 214 | &nbsp;&nbsp;&nbsp;&nbsp; 6296 |
| &nbsp;&nbsp;&nbsp; Avolta AG | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 2696 |
| &nbsp;&nbsp;&nbsp; Implenia AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 4302 |
| &nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp;&nbsp; 12225 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25519 |
| **United Kingdom — 11.8%** | **United Kingdom — 11.8%** | **United Kingdom — 11.8%** |
| &nbsp;&nbsp;&nbsp; Balfour Beatty plc | &nbsp;&nbsp;&nbsp;&nbsp; 261 | &nbsp;&nbsp;&nbsp;&nbsp; 2556 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp;&nbsp;&nbsp; 3604 | &nbsp;&nbsp;&nbsp;&nbsp; 24050 |
| &nbsp;&nbsp;&nbsp; Beazley plc | &nbsp;&nbsp;&nbsp;&nbsp; 348 | &nbsp;&nbsp;&nbsp;&nbsp; 5414 |
| &nbsp;&nbsp;&nbsp; Bellway plc | &nbsp;&nbsp;&nbsp;&nbsp; 208 | &nbsp;&nbsp;&nbsp;&nbsp; 7750 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp;&nbsp;&nbsp; 578 | &nbsp;&nbsp;&nbsp;&nbsp; 34909 |
| &nbsp;&nbsp;&nbsp; British Land Co. plc (The), REIT | &nbsp;&nbsp;&nbsp;&nbsp; 559 | &nbsp;&nbsp;&nbsp;&nbsp; 3191 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp;&nbsp;&nbsp; 2912 | &nbsp;&nbsp;&nbsp;&nbsp; 7626 |
| &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1548 | &nbsp;&nbsp;&nbsp;&nbsp; 12478 |
| &nbsp;&nbsp;&nbsp; Currys plc | &nbsp;&nbsp;&nbsp;&nbsp; 3900 | &nbsp;&nbsp;&nbsp;&nbsp; 7816 |
| &nbsp;&nbsp;&nbsp; Drax Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 599 | &nbsp;&nbsp;&nbsp;&nbsp; 7388 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 4119 | &nbsp;&nbsp;&nbsp;&nbsp; 72670 |
| &nbsp;&nbsp;&nbsp; IG Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp;&nbsp;&nbsp; 3873 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp; 289 | &nbsp;&nbsp;&nbsp;&nbsp; 12166 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 620 | &nbsp;&nbsp;&nbsp;&nbsp; 3564 |
| &nbsp;&nbsp;&nbsp; Investec plc | &nbsp;&nbsp;&nbsp;&nbsp; 744 | &nbsp;&nbsp;&nbsp;&nbsp; 6188 |
| &nbsp;&nbsp;&nbsp; ITV plc | &nbsp;&nbsp;&nbsp;&nbsp; 2363 | &nbsp;&nbsp;&nbsp;&nbsp; 2634 |
| &nbsp;&nbsp;&nbsp; JET2 plc | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 2190 |
| &nbsp;&nbsp;&nbsp; Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 2518 |
| &nbsp;&nbsp;&nbsp; Keller Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp; 2516 |
| &nbsp;&nbsp;&nbsp; Kier Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1373 | &nbsp;&nbsp;&nbsp;&nbsp; 4207 |
| &nbsp;&nbsp;&nbsp; Lancashire Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 381 | &nbsp;&nbsp;&nbsp;&nbsp; 3219 |
| &nbsp;&nbsp;&nbsp; Land Securities Group plc, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 411 | &nbsp;&nbsp;&nbsp;&nbsp; 3670 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 15506 | &nbsp;&nbsp;&nbsp;&nbsp; 23153 |
| &nbsp;&nbsp;&nbsp; Marks & Spencer Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 699 | &nbsp;&nbsp;&nbsp;&nbsp; 3506 |
| &nbsp;&nbsp;&nbsp; Mitie Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1983 | &nbsp;&nbsp;&nbsp;&nbsp; 4548 |
| &nbsp;&nbsp;&nbsp; Morgan Sindall Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 1649 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 2132 | &nbsp;&nbsp;&nbsp;&nbsp; 19429 |
| &nbsp;&nbsp;&nbsp; Paragon Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 233 | &nbsp;&nbsp;&nbsp;&nbsp; 2828 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 471 | &nbsp;&nbsp;&nbsp;&nbsp; 4778 |
| &nbsp;&nbsp;&nbsp; Premier Foods plc | &nbsp;&nbsp;&nbsp;&nbsp; 2129 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 |
| &nbsp;&nbsp;&nbsp; Serco Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1095 | &nbsp;&nbsp;&nbsp;&nbsp; 4496 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 445 | &nbsp;&nbsp;&nbsp;&nbsp; 14779 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp;&nbsp; 538 | &nbsp;&nbsp;&nbsp;&nbsp; 13757 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp;&nbsp;&nbsp; 1488 | &nbsp;&nbsp;&nbsp;&nbsp; 8659 |
| &nbsp;&nbsp;&nbsp; TP ICAP Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 934 | &nbsp;&nbsp;&nbsp;&nbsp; 3258 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 342933 |
| **United States — 10.7%** | **United States — 10.7%** | **United States — 10.7%** |
| &nbsp;&nbsp;&nbsp; BP plc | &nbsp;&nbsp;&nbsp;&nbsp; 4225 | &nbsp;&nbsp;&nbsp;&nbsp; 26789 |
| &nbsp;&nbsp;&nbsp; Buzzi SpA | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 3716 |
| &nbsp;&nbsp;&nbsp; Carnival plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 2464 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 1291 | &nbsp;&nbsp;&nbsp;&nbsp; 33375 |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 513 | &nbsp;&nbsp;&nbsp;&nbsp; 48991 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 9967 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 191 | &nbsp;&nbsp;&nbsp;&nbsp; 86855 |
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp; 258 | &nbsp;&nbsp;&nbsp;&nbsp; 24361 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 1419 | &nbsp;&nbsp;&nbsp;&nbsp; 54557 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 15309 |
| &nbsp;&nbsp;&nbsp; Tenaris SA | &nbsp;&nbsp;&nbsp;&nbsp; 236 | &nbsp;&nbsp;&nbsp;&nbsp; 5230 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 311614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $2,062,666)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 2713355 |
| **Short-Term Investments — 7.7%** | **Short-Term Investments — 7.7%** | **Short-Term Investments — 7.7%** |
| **Investment Companies — 6.2%** | **Investment Companies — 6.2%** | **Investment Companies — 6.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 3.69% (c) (d) <br>(Cost $179,795)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 179692 | &nbsp;&nbsp;&nbsp;&nbsp; 179763 |
| **Investment of Cash Collateral from Securities Loaned — 1.5%** | **Investment of Cash Collateral from Securities Loaned — 1.5%** | **Investment of Cash Collateral from Securities Loaned — 1.5%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 3.68% (c) (d)(Cost $45,075) | &nbsp;&nbsp;&nbsp;&nbsp; 45075 | &nbsp;&nbsp;&nbsp;&nbsp; 45075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $224,870)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 224838 |
| **Total Investments — 101.2%** <br>**(Cost $2,287,536)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **2938193** |
| **Liabilities in Excess of Other Assets — (1.2)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(35407)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **2902786** |

---

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

---

| |
|:---|
| <br>Percentages indicated are based on net assets. |
| <br>Amounts presented as a dash ("-") represent amounts that round to less than a thousand. |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| CVA | Certificaten Van Aandelen (Dutch Certificate) |
| OYJ | Public Limited Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| REIT | Real Estate Investment Trust |
| SCA | Limited partnership with share capital |
| SGPS | Holding company |

---

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

\* Non-income producing security. 

(a) The security or a portion of this security is on loan at January 31, 2026. The total value of securities on loan at January 31, 2026 is $42,481.

(b) 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. 

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

(d) The rate shown is the current yield as of January 31, 2026.

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

**Summary of Investments by Industry, January 31, 2026**

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 22.5<br> %<br>|
| Insurance | 8.2 |
| Oil, Gas & Consumable Fuels | 6.4 |
| Pharmaceuticals | 6.3 |
| Metals & Mining | 4.9 |
| Automobiles | 4.0 |
| Capital Markets | 3.2 |
| Trading Companies & Distributors | 3.1 |
| Real Estate Management & Development | 3.1 |
| Food Products | 2.6 |
| Construction & Engineering | 2.6 |
| Automobile Components | 2.5 |
| Diversified Telecommunication Services | 2.2 |
| Energy Equipment & Services | 1.8 |
| Tobacco | 1.6 |
| Electric Utilities | 1.5 |
| Multi-Utilities | 1.3 |
| Wireless Telecommunication Services | 1.0 |
| Chemicals | 1.0 |
| Others (each less than 1.0%) | 12.5 |
| Short-Term Investments | 7.7 |

---

**Futures contracts outstanding as of January 31, 2026 (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>|
| **Long Contracts** |  |  |  |  |  |
| MSCI EAFE Index | &nbsp;&nbsp;&nbsp;&nbsp; 628 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 95356 | &nbsp;&nbsp;&nbsp;&nbsp; 614 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| EAFE | Europe, Australasia and Far East |
| MSCI | Morgan Stanley Capital International |
| USD | United States Dollar |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

(Dollar values in thousands)

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

**A. Valuation of Investments**— Investments are valued in accordance with U.S. generally accepted accounting principles ("GAAP") and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

Under Section 2(a)(41) of the Investment Company Act of 1940 (the "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

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

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

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

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

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

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

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

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

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

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

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $113037 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $113037 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; 3930 | &nbsp;&nbsp;&nbsp;&nbsp; 35350 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39280 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25996 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25996 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15181 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15181 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27758 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27758 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19871 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19871 |

---

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

(Dollar values in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $214678 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $214678 |
| &nbsp;&nbsp;&nbsp; Georgia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3379 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3379 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 223484 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 223484 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 8314 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8314 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 54146 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 54146 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7867 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7867 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; 25656 | &nbsp;&nbsp;&nbsp;&nbsp; 13336 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38992 |
| &nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3096 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3096 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 135829 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 135829 |
| &nbsp;&nbsp;&nbsp; Ivory Coast | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3791 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3791 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 710629 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 710629 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12632 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12632 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 91275 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 91275 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; 11421 | &nbsp;&nbsp;&nbsp;&nbsp; 36436 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47857 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5634 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5634 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8493 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8493 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14174 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14174 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 133786 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 133786 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 70110 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74110 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25519 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25519 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 30617 | &nbsp;&nbsp;&nbsp;&nbsp; 312316 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 342933 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 311614 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 311614 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 83938 | &nbsp;&nbsp;&nbsp;&nbsp; 2629417 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2713355 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 179763 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 179763 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 45075 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 45075 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 224838 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 224838 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $308776 | &nbsp;&nbsp;&nbsp;&nbsp; $2629417 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2938193 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $614 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $614 |

---

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers.

------

**JPMorgan Developed International Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

(Dollar values in thousands)

The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class Institutional Shares, 3.69% (a) (b)<br>| $68350 | $502473 | $391035 | $3 | $(28)<br>| $179763 | 179692 | $972 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 3.68% (a) (b)<br>| 9405 | 58809 | 23139 |  |  | 45075 | 45075 | 88 |  |
| **Total** | $77755 | $561282 | $414174 | $3 | $(28)<br>| $224838 |  | $1060 | $— |

---

&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 January 31, 2026.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JPMorgan Trust 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:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2949049800.86

**Total Liabilities:** $51406589.92

**Net Assets:** $2897643210.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007228 | 4.42%                | 4.24%                | 6.83%                |
| Class ID C000173219 | 4.39%                | 4.27%                | 6.78%                |
| Class ID C000070620 | 4.36%                | 4.22%                | 6.69%                |
| Class ID C000007227 | 4.39%                | 4.22%                | 6.79%                |
| Class ID C000034831 | 4.29%                | 4.21%                | 6.71%                |
| Class ID C000007229 | 4.38%                | 4.22%                | 6.76%                |
| Class ID C000093774 | 4.39%                | 4.32%                | 6.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $29062828.63             | $54610778.05                               |
| Month 2  | $1710880.95              | $91357199.01                               |
| Month 3  | $5117908.65              | $160117622.53                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orange SA                                            | Orange SA                                                             | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    654701 | NS      | $12170918.09  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                         | Mizuho Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    705410 | NS      | $30627449.71  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co. Ltd.                                    | Mitsui & Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |    659800 | NS      | $21552393.89  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Krone                                      | Norwegian Krone                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chiyoda Corp.                                        | Chiyoda Corp.                                                         | CUSIP: N/A<br>LEI: 549300QKY84OVLK4L190       | Long             | EC               | CORP              | JP        |   1641200 | NS      | $13641991.16  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Finance Group plc                               | Lion Finance Group plc                                                | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GB        |     24458 | NS      | $3379101.06   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                       | BAWAG Group AG                                                        | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     14080 | NS      | $2290477.60   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| T&D Holdings, Inc.                                   | T&D Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               | CORP              | JP        |    257100 | NS      | $6350111.20   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG        | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     29528 | NS      | $17896229.80  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Beach Energy Ltd.                                    | Beach Energy Ltd.                                                     | CUSIP: N/A<br>LEI: 8Q9PJD25OKTQT5FHUF40       | Long             | EC               | CORP              | AU        |   4781822 | NS      | $4098704.99   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                          | Telenor ASA                                                           | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    678947 | NS      | $11420945.33  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Forvia SE                                            | Forvia SE                                                             | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | EC               | CORP              | FR        |    181214 | NS      | $2958759.06   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                                           | Umicore SA                                                            | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    193775 | NS      | $4606478.20   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                         | ING Groep NV                                                          | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    779128 | NS      | $22977205.66  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co. Ltd.                               | Credit Saison Co. Ltd.                                                | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |    229800 | NS      | $6204162.82   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                          | NN Group NV                                                           | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |    114799 | NS      | $9099801.15   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp.                         | Tokyu Fudosan Holdings Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    704800 | NS      | $6526104.30   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings, Inc.                                 | ENEOS Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |   1336900 | NS      | $11299368.78  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                         | Subaru Corp.                                                          | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    347100 | NS      | $7451602.72   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Aumovio SE                                           | Aumovio SE                                                            | CUSIP: N/A<br>LEI: 391200IGI9RQ7VTOK384       | Long             | EC               | CORP              | DE        |     40598 | NS      | $1948064.68   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                           | Freenet AG                                                            | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     72688 | NS      | $2624704.98   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Implenia AG                                          | Implenia AG (Registered)                                              | CUSIP: N/A<br>LEI: 52990006TKCUQQJ79B11       | Long             | EC               | CORP              | CH        |     44919 | NS      | $4301805.98   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vienna Insurance Group AG Wiener Versicherung Gruppe | Vienna Insurance Group AG Wiener Versicherung Gruppe                  | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |    123808 | NS      | $9731808.69   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayvens SA                                            | Ayvens SA                                                             | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |    222222 | NS      | $3221736.52   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Julius Baer Group Ltd.                               | Julius Baer Group Ltd.                                                | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |    146355 | NS      | $12225084.47  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp.                                    | Asahi Kasei Corp.                                                     | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |    458500 | NS      | $4447913.18   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Glanbia plc                                          | Glanbia plc                                                           | CUSIP: N/A<br>LEI: 635400SRMCBHVMSKJS84       | Long             | EC               | CORP              | IE        |    227884 | NS      | $4384084.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                            | Sanofi SA                                                             | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |    258273 | NS      | $24361273.64  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                       | Fortescue Ltd.                                                        | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    665584 | NS      | $9638234.62   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                              | GSK plc                                                               | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   1290522 | NS      | $33375040.90  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                       | Sumitomo Corp.                                                        | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |    406800 | NS      | $16519778.53  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co. Ltd.                              | Japan Airlines Co. Ltd.                                               | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |    224900 | NS      | $4249534.09   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                         | British American Tobacco plc                                          | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    577836 | NS      | $34909153.91  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| AcadeMedia AB                                        | AcadeMedia AB                                                         | CUSIP: N/A<br>LEI: 549300H47PGHY4JNKO68       | Long             | EC               | CORP              | SE        |    376589 | NS      | $3990348.95   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Toyo Tire Corp.                                      | Toyo Tire Corp.                                                       | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |     96700 | NS      | $2606038.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                          | Swedbank AB, Class A                                                  | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    353295 | NS      | $13736201.25  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group plc                                       | Drax Group plc                                                        | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    599207 | NS      | $7387523.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Deme Group NV                                        | Deme Group NV                                                         | CUSIP: N/A<br>LEI: 549300FPFPQPKI3PJV37       | Long             | EC               | CORP              | BE        |     15149 | NS      | $3019801.09   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                         | Dai-ichi Life Holdings, Inc.                                          | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |   1425200 | NS      | $12533412.21  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                   | SBI Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    450200 | NS      | $10180829.36  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Danish Krone                                         | Danish Krone                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | DK        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment Co. Ltd.                | Wharf Real Estate Investment Co. Ltd.                                 | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | KY        |   1542000 | NS      | $5353457.27   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                               | Mercedes-Benz Group AG                                                | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |    241132 | NS      | $16479985.22  | 0.57%             |  |  |  | No            |                  2 | On Loan: —       |
| Adecco Group AG                                      | Adecco Group AG (Registered)                                          | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |    214268 | NS      | $6296564.15   | 0.22%             |  |  |  | No            |                  2 | On Loan: —       |
| TBS Holdings, Inc.                                   | TBS Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     54000 | NS      | $2093739.07   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo SE                                             | Valeo SE                                                              | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |    219646 | NS      | $3067663.94   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                             | Svenska Handelsbanken AB, Class A                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |    454973 | NS      | $7172677.41   | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| Marks & Spencer Group plc                            | Marks & Spencer Group plc                                             | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    698975 | NS      | $3505500.21   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co. Ltd.                                   | Tokyo Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |     73900 | NS      | $3278622.51   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                          | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |   3603492 | NS      | $24049948.16  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                             | Lloyds Banking Group plc                                              | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  15505788 | NS      | $23153313.37  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                           | Tenaris SA                                                            | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |    235461 | NS      | $5230284.40   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co. Ltd.                                | Kansai Paint Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 549300ERRV6FTKH9NN70       | Long             | EC               | CORP              | JP        |    169100 | NS      | $2698731.46   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedish Krona                                        | Swedish Krona                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SE        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group plc                            | Bank of Ireland Group plc                                             | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    299368 | NS      | $6082399.96   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                       | BNP Paribas SA                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    260230 | NS      | $28139335.25  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co. Ltd.                                      | Sankyo Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |    155300 | NS      | $2429285.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Strabag SE                                           | Strabag SE                                                            | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               | CORP              | AT        |     10689 | NS      | $1108643.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                                               | NCC AB, Class B                                                       | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |    101396 | NS      | $2596422.18   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Boshoku Corp.                                 | Toyota Boshoku Corp.                                                  | CUSIP: N/A<br>LEI: 529900KS87U6EY7PWG26       | Long             | EC               | CORP              | JP        |    260100 | NS      | $4367580.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                     | Deutsche Post AG                                                      | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    294386 | NS      | $16464569.84  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Serco Group plc                                      | Serco Group plc                                                       | CUSIP: N/A<br>LEI: 549300PT2CIHYN5GWJ21       | Long             | EC               | CORP              | GB        |   1094963 | NS      | $4495846.06   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd.                                | Kerry Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | BM        |   2022000 | NS      | $6138313.10   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA                                             | Ageas SA                                                              | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |    125561 | NS      | $8918651.80   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Balfour Beatty plc                                   | Balfour Beatty plc                                                    | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |    261018 | NS      | $2555970.26   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.                 | MS&AD Insurance Group Holdings, Inc.                                  | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |    558500 | NS      | $14229230.69  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Air Shuttle ASA                            | Norwegian Air Shuttle ASA                                             | CUSIP: N/A<br>LEI: 549300IEUH2FEM2Y6B51       | Long             | EC               | CORP              | NO        |   3647765 | NS      | $6157300.02   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                              | SSAB AB, Class B                                                      | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    554332 | NS      | $4560135.26   | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| Eni SpA                                              | Eni SpA                                                               | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    727123 | NS      | $14861763.99  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                             | Panasonic Holdings Corp.                                              | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    616900 | NS      | $8458129.58   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                       | Prudential plc                                                        | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    586168 | NS      | $9627953.91   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                               | CK Asset Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |   1731500 | NS      | $10143367.88  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                            | Mapfre SA                                                             | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |   1762741 | NS      | $8065842.90   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                     | Raiffeisen Bank International AG                                      | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |    100765 | NS      | $5079109.70   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                             | Bayer AG (Registered)                                                 | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |    337959 | NS      | $17875221.00  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                             | QBE Insurance Group Ltd.                                              | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |    680410 | NS      | $9325546.43   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd.                             | Lancashire Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | BM        |    381195 | NS      | $3219322.45   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co. Ltd.                                    | Kandenko Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |     96500 | NS      | $3474231.07   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                               | AXA SA                                                                | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    528547 | NS      | $24101289.25  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Television Francaise 1 SA                            | Television Francaise 1 SA                                             | CUSIP: N/A<br>LEI: 969500WQFC6OAQYG7E65       | Long             | EC               | CORP              | FR        |    244201 | NS      | $2360281.04   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                               | OMV AG                                                                | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |    104148 | NS      | $6187199.43   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kier Group plc                                       | Kier Group plc                                                        | CUSIP: N/A<br>LEI: 2138002RKCU2OM4Y7O48       | Long             | EC               | CORP              | GB        |   1372986 | NS      | $4207212.25   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co. Ltd.                                    | Kamigumi Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 3538004KUWA3850MUC05       | Long             | EC               | CORP              | JP        |    238400 | NS      | $8342997.36   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementir Holding NV                                  | Cementir Holding NV                                                   | CUSIP: N/A<br>LEI: 8156008B101B97A43B02       | Long             | EC               | CORP              | NL        |    229464 | NS      | $5159487.82   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| TP ICAP Group plc                                    | TP ICAP Group plc                                                     | CUSIP: N/A<br>LEI: 2138006YAA7IRVKKGE63       | Long             | EC               | CORP              | JE        |    933862 | NS      | $3257696.20   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                      | Telefonaktiebolaget LM Ericsson, Class B                              | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |   1138072 | NS      | $12325507.68  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings, Inc.                                | Resona Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |    450900 | NS      | $5257555.40   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                    | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   3893297 | NS      | $49709884.90  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                             | Enel SpA                                                              | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   2687232 | NS      | $29690049.00  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                           | Eiffage SA                                                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     63723 | NS      | $9450590.64   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Chemical Co. Ltd.                           | Sumitomo Chemical Co. Ltd.                                            | CUSIP: N/A<br>LEI: 353800RSAU9BD8U4DM91       | Long             | EC               | CORP              | JP        |   1320500 | NS      | $4017126.61   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands plc                                  | Imperial Brands plc                                                   | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    288868 | NS      | $12166478.76  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenveagh Properties plc                             | Glenveagh Properties plc                                              | CUSIP: N/A<br>LEI: 635400QUQ2YYGMOAK834       | Long             | EC               | CORP              | IE        |   1246152 | NS      | $2892213.25   | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Konecranes OYJ                                       | Konecranes OYJ                                                        | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |     37486 | NS      | $4414434.81   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA                                 | Banco de Sabadell SA                                                  | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |   1597171 | NS      | $6265359.19   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Securities Group, Inc.                         | Daiwa Securities Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |    901600 | NS      | $8785542.76   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co. Ltd.                                  | Shionogi & Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |    417300 | NS      | $8591868.13   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco plc                                            | Tesco plc                                                             | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |   1488036 | NS      | $8658585.89   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp.                                        | Kyocera Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    530600 | NS      | $7960490.09   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NOS SGPS SA                                          | NOS SGPS SA                                                           | CUSIP: N/A<br>LEI: 5493004DM8FGIY6QKF37       | Long             | EC               | CORP              | PT        |    755000 | NS      | $3924850.95   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                               | BP plc                                                                | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   4224981 | NS      | $26788736.26  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventia Services Group Pty. Ltd.                      | Ventia Services Group Pty. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    727907 | NS      | $2915239.30   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                              | ISS A/S                                                               | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |     74054 | NS      | $2808475.22   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Chiba Bank Ltd. (The)                                | Chiba Bank Ltd. (The)                                                 | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               | CORP              | JP        |    332600 | NS      | $4502980.16   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co. AB                                         | Telia Co. AB                                                          | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |   1617106 | NS      | $7387687.33   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| DOF Group ASA                                        | DOF Group ASA                                                         | CUSIP: N/A<br>LEI: 213800GIV9N2A714T434       | Long             | EC               | CORP              | NO        |    618975 | NS      | $7244531.60   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| doValue SpA                                          | doValue SpA                                                           | CUSIP: N/A<br>LEI: 8156007AF7DB5FE05555       | Long             | EC               | CORP              | IT        |   1339474 | NS      | $4162742.75   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Japanese Yen                                         | Japanese Yen                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |         2 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saipem SpA                                           | Saipem SpA                                                            | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |    927891 | NS      | $3426941.44   | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Tsubakimoto Chain Co.                                | Tsubakimoto Chain Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    137100 | NS      | $2103096.38   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Insignia Financial Ltd.                              | Insignia Financial Ltd.                                               | CUSIP: N/A<br>LEI: 5493000NLB9VUM2IHC87       | Long             | EC               | CORP              | AU        |   1281472 | NS      | $4140499.94   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                   | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |    168454 | NS      | $14761541.87  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co. Ltd.                                   | Osaka Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |    242600 | NS      | $9107850.29   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co. Ltd.                            | Open House Group Co. Ltd.                                             | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |    114100 | NS      | $6713848.01   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries Ltd.                    | Sumitomo Electric Industries Ltd.                                     | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     73100 | NS      | $3200284.37   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                      | Danske Bank A/S                                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |    182030 | NS      | $9274069.95   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Pirelli & C SpA                                      | Pirelli & C SpA                                                       | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |    349062 | NS      | $2628511.71   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| IG Group Holdings plc                                | IG Group Holdings plc                                                 | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |    208766 | NS      | $3873037.94   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp.                                  | Toyota Tsusho Corp.                                                   | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |    386100 | NS      | $14061468.53  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Betsson AB                                           | Betsson AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300W61XW8OFGBG077       | Long             | EC               | CORP              | SE        |    149369 | NS      | $1753829.01   | 0.06%             |  |  |  | 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        |  45075176 | NS      | $45075175.68  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamato Kogyo Co. Ltd.                                | Yamato Kogyo Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     47200 | NS      | $3402746.45   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Group Holdings plc                           | Phoenix Group Holdings plc                                            | CUSIP: N/A<br>LEI: 2138001P49OLAEU33T68       | Long             | EC               | CORP              | GB        |    471417 | NS      | $4778130.87   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                                         | BFF Bank SpA                                                          | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |    157230 | NS      | $1507708.75   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Investec plc                                         | Investec plc                                                          | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |    743844 | NS      | $6188460.74   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencore Group plc                                  | Greencore Group plc                                                   | CUSIP: N/A<br>LEI: 635400GGBEWULJXM5868       | Long             | EC               | CORP              | IE        |    945454 | NS      | $3745296.18   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SpA                                       | BPER Banca SpA                                                        | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    476242 | NS      | $6707125.78   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                            | Avolta AG                                                             | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |     44034 | NS      | $2695827.64   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                   | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   3617514 | NS      | $25609798.95  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                       | BHP Group Ltd.                                                        | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |   1350006 | NS      | $46497398.70  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                 | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    926600 | NS      | $32607471.98  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                                     | Unicaja Banco SA                                                      | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |    841157 | NS      | $2882549.59   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hakuhodo DY Holdings, Inc.                           | Hakuhodo DY Holdings, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    307400 | NS      | $2296886.13   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                           | CK Hutchison Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |   1547500 | NS      | $12477967.08  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hysan Development Co. Ltd.                           | Hysan Development Co. Ltd.                                            | CUSIP: N/A<br>LEI: 5299007BABFLKIH9HL03       | Long             | EC               | CORP              | HK        |   3107000 | NS      | $8532994.11   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Dollar                                     | Hong Kong Dollar                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Pacific Co. Ltd.                               | First Pacific Co. Ltd.                                                | CUSIP: N/A<br>LEI: 254900VS1MDQSDM9DE09       | Long             | EC               | CORP              | BM        |  10054000 | NS      | $7866700.42   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyoda Gosei Co. Ltd.                                | Toyoda Gosei Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |    160300 | NS      | $4355014.41   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                                      | SBM Offshore NV                                                       | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |    265609 | NS      | $9540742.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                            | Talanx AG                                                             | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |     19566 | NS      | $2467873.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival plc                                         | Carnival plc                                                          | CUSIP: N/A<br>LEI: 4DR1VPDQMHD3N3QW8W95       | Long             | EC               | CORP              | GB        |     82933 | NS      | $2463364.89   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |   3003000 | NS      | $54385436.99  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Modec, Inc.                                          | Modec, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     84000 | NS      | $8191467.94   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Flow Traders Ltd.                                    | Flow Traders Ltd.                                                     | CUSIP: N/A<br>LEI: 549300GSUZI1V3BEXQ36       | Long             | EC               | CORP              | BM        |    148727 | NS      | $4838467.71   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co. Ltd.                                     | Niterra Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |    175000 | NS      | $7651328.47   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Wallenius Wilhelmsen ASA                             | Wallenius Wilhelmsen ASA                                              | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |    468619 | NS      | $5444748.94   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                | Kioxia Holdings Corp.                                                 | CUSIP: N/A<br>LEI: 35380080RTKRARNH4R73       | Long             | EC               | CORP              | JP        |     71600 | NS      | $9793905.11   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hochschild Mining plc                                | Hochschild Mining plc                                                 | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | GB        |    624344 | NS      | $5634425.52   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey plc                                  | Johnson Matthey plc                                                   | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |     77861 | NS      | $2517857.37   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Keller Group plc                                     | Keller Group plc                                                      | CUSIP: N/A<br>LEI: 549300QO4MBL43UHSN10       | Long             | EC               | CORP              | GB        |    103751 | NS      | $2515667.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocommercial Properties NV                         | Eurocommercial Properties NV                                          | CUSIP: N/A<br>LEI: 724500SFK53FPNM68L95       | Long             | EC               | CORP              | NL        |     82534 | NS      | $2434686.78   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                  | Erste Group Bank AG                                                   | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     92777 | NS      | $12061841.54  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                | Nomura Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |   1373400 | NS      | $12446216.19  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co.                            | Central Japan Railway Co.                                             | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |    342800 | NS      | $9563465.79   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                           | Vonovia SE                                                            | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |    295653 | NS      | $8656509.92   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                                  | Perseus Mining Ltd.                                                   | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    658904 | NS      | $2537765.12   | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| Norsk Hydro ASA                                      | Norsk Hydro ASA                                                       | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    590515 | NS      | $5242523.96   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Concordia Financial Group Ltd.                       | Concordia Financial Group Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    749900 | NS      | $6829889.89   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Lung Properties Ltd.                            | Hang Lung Properties Ltd.                                             | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |   5259000 | NS      | $6345894.45   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                                    | LEG Immobilien SE                                                     | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |     77132 | NS      | $5577235.82   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| British Land Co. plc (The)                           | British Land Co. plc (The)                                            | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |    559366 | NS      | $3190584.10   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| South Korea Won                                      | South Korea Won                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |        48 | OU      | $0.03         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                     | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    191000 | NS      | $86855325.93  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                           | Allianz SE (Registered)                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |    100257 | NS      | $44145380.16  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Media Holdings, Inc.                            | Fuji Media Holdings, Inc.                                             | CUSIP: N/A<br>LEI: 353800TG2T8DSPV7H313       | Long             | EC               | CORP              | JP        |    130900 | NS      | $3296223.74   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| UACJ Corp.                                           | UACJ Corp.                                                            | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |    216800 | NS      | $3431406.84   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Currys plc                                           | Currys plc                                                            | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |   3646780 | NS      | $7308347.21   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp.                                           | KDDI Corp.                                                            | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |   1074800 | NS      | $18146897.36  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Namura Shipbuilding Co. Ltd.                         | Namura Shipbuilding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 353800L4EGBFKO3C4X44       | Long             | EC               | CORP              | JP        |    128200 | NS      | $3494755.32   | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Credit Agricole SA                                   | Credit Agricole SA                                                    | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    384400 | NS      | $8324732.13   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Australian Dollar                                    | Australian Dollar                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                     | Skandinaviska Enskilda Banken AB, Class A                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |    418575 | NS      | $8997035.46   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                              | E.ON SE                                                               | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    435500 | NS      | $9236893.63   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp.                                         | Sojitz Corp.                                                          | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |     77320 | NS      | $2819497.96   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                            | Shell plc                                                             | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   1419288 | NS      | $54556736.97  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                            | Rubis SCA                                                             | CUSIP: N/A<br>LEI: 969500MGFIKUGLTC9742       | Long             | EC               | CORP              | FR        |     62513 | NS      | $2531343.91   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SACA                                       | Vallourec SACA                                                        | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |    409702 | NS      | $8695051.59   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                        | AIB Group plc                                                         | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    648881 | NS      | $7253284.53   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                  | Heineken Holding NV                                                   | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |    106499 | NS      | $7915980.29   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Aroundtown SA                                        | Aroundtown SA                                                         | CUSIP: N/A<br>LEI: 529900H4DWG3KWMBMQ39       | Long             | EC               | CORP              | LU        |    647755 | NS      | $2058396.59   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokai Rika Co. Ltd.                                  | Tokai Rika Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    186100 | NS      | $3771983.56   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 plc                                             | JET2 plc                                                              | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |    129155 | NS      | $2189487.52   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambea AB                                             | Ambea AB                                                              | CUSIP: N/A<br>LEI: 549300AEVNZRHYI5HV24       | Long             | EC               | CORP              | SE        |    261994 | NS      | $4000132.92   | 0.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aisin Corp.                                          | Aisin Corp.                                                           | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |    484800 | NS      | $8685192.60   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                       | Marubeni Corp.                                                        | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    447900 | NS      | $14847058.52  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                     | ABN AMRO Bank NV                                                      | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |    184690 | NS      | $6804585.46   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                   | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |   1440497 | NS      | $36565108.17  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicat SACA                                           | Vicat SACA                                                            | CUSIP: N/A<br>LEI: 9695009YI1863TOVDP79       | Long             | EC               | CORP              | FR        |     29460 | NS      | $2729776.95   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                            | Loomis AB                                                             | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |     49338 | NS      | $2047342.30   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                          | Tokio Marine Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |    276300 | NS      | $10298405.30  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd.                                | Swire Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |    967400 | NS      | $2932240.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Arkema SA                                            | Arkema SA                                                             | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |     46510 | NS      | $2800929.95   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                   | Toyota Motor Corp.                                                    | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   2641900 | NS      | $59880003.39  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co. Ltd.                              | Tokyo Tatemono Co. Ltd.                                               | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |    328400 | NS      | $7727987.06   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Foods plc                                    | Premier Foods plc                                                     | CUSIP: N/A<br>LEI: 213800ZD5I8XHNMCJA67       | Long             | EC               | CORP              | GB        |   2118590 | NS      | $5473260.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV plc                                              | ITV plc                                                               | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |   2362795 | NS      | $2634387.13   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                        | WH Group Ltd.                                                         | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   4298000 | NS      | $5072051.53   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Buzzi SpA                                            | Buzzi SpA                                                             | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     65289 | NS      | $3716354.52   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Gunma Bank Ltd. (The)                                | Gunma Bank Ltd. (The)                                                 | CUSIP: N/A<br>LEI: 54930054A69VC4I5BP89       | Long             | EC               | CORP              | JP        |    163900 | NS      | $2063453.44   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Storskogen Group AB                                  | Storskogen Group AB, Class B                                          | CUSIP: N/A<br>LEI: 549300DL3K4HLJ41KD24       | Long             | EC               | CORP              | SE        |   1742995 | NS      | $2116169.94   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co. Ltd.                              | Mitsui Fudosan Co. Ltd.                                               | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |    731400 | NS      | $8386894.48   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                         | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    239849 | NS      | $20901895.07  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    537671 | NS      | $13757082.15  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp.                                       | Obayashi Corp.                                                        | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |    414500 | NS      | $9356642.37   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                                   | Azimut Holding SpA                                                    | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |    173828 | NS      | $7343181.47   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.               | Sumitomo Realty & Development Co. Ltd.                                | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |    314000 | NS      | $8743959.72   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Furukawa Electric Co. Ltd.                           | Furukawa Electric Co. Ltd.                                            | CUSIP: N/A<br>LEI: 353800TJR1DQ3P1QR918       | Long             | EC               | CORP              | JP        |     68700 | NS      | $5984387.74   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ArcelorMittal SA                                                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |    232597 | NS      | $12631896.73  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining plc                                 | Endeavour Mining plc                                                  | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |     66595 | NS      | $3790470.98   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA         | Cie Generale des Etablissements Michelin SCA                          | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |    318536 | NS      | $11829037.91  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| JOST Werke SE                                        | JOST Werke SE                                                         | CUSIP: N/A<br>LEI: 529900G977BSS7DATK68       | Long             | EC               | CORP              | DE        |     55279 | NS      | $4100121.92   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                  | MSCI EAFE Index                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       628 | NC      | $613827.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                                        | Volkswagen AG (Preference)                                            | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     57679 | NS      | $6996755.56   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                           | ORIX Corp.                                                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    454000 | NS      | $13835833.30  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| H Lundbeck A/S                                       | H Lundbeck A/S                                                        | CUSIP: N/A<br>LEI: 5493006R4KC2OI5D3470       | Long             | EC               | CORP              | DK        |    548103 | NS      | $3674676.90   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp.                                          | Inpex Corp.                                                           | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    549500 | NS      | $12311117.14  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                        | Rio Tinto plc                                                         | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    371390 | NS      | $33883519.56  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp.                          | KDX Realty Investment Corp.                                           | CUSIP: N/A<br>LEI: 353800FFT483NCIHFY42       | Long             | EC               | CORP              | JP        |      5290 | NS      | $5722915.88   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                         | Centrica plc                                                          | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   2912286 | NS      | $7625852.08   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellway plc                                          | Bellway plc                                                           | CUSIP: N/A<br>LEI: 213800CY4L3HST4FGZ98       | Long             | EC               | CORP              | GB        |    208256 | NS      | $7750235.46   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                        | Banco BPM SpA                                                         | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |    353129 | NS      | $5293163.92   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans N.V.                            | Koninklijke Heijmans N.V.                                             | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |    123834 | NS      | $10090045.10  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                   | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |     35425 | NS      | $2161987.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd.                                         | Plus500 Ltd.                                                          | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |     53790 | NS      | $3096232.13   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                        | Carlsberg A/S, Class B                                                | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |     33064 | NS      | $4495024.11   | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| Tokuyama Corp.                                       | Tokuyama Corp.                                                        | CUSIP: N/A<br>LEI: 529900MHGZKHNMNCQB62       | Long             | EC               | CORP              | JP        |    270700 | NS      | $7077254.03   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                     | TotalEnergies SE                                                      | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    521167 | NS      | $37903832.16  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Iveco Group NV                                       | Iveco Group NV                                                        | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               | CORP              | NL        |     79677 | NS      | $1782270.89   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                             | Engie SA                                                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    703855 | NS      | $21014603.76  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                          | Bayerische Motoren Werke AG                                           | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     96140 | NS      | $9900530.42   | 0.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Nestle SA                                            | Nestle SA (Registered)                                                | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    513393 | NS      | $48991323.96  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                         | KBC Group NV                                                          | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     67071 | NS      | $9451353.53   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Sindall Group plc                             | Morgan Sindall Group plc                                              | CUSIP: N/A<br>LEI: 2138008339ULDGZRB345       | Long             | EC               | CORP              | GB        |     24442 | NS      | $1648848.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                                   | Telekom Austria AG                                                    | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |    207276 | NS      | $2203880.62   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AL Sydbank                                           | AL Sydbank                                                            | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |     25908 | NS      | $2346343.46   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hornbach Holding AG & Co. KGaA                       | Hornbach Holding AG & Co. KGaA                                        | CUSIP: N/A<br>LEI: 529900EGQZ79V21LBL44       | Long             | EC               | CORP              | DE        |       569 | NS      | $54370.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Petroleum Exploration Co. Ltd.                 | Japan Petroleum Exploration Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |    697900 | NS      | $8592336.31   | 0.30%             |  |  |  | No            |                  2 | On Loan: —       |
| Unipol Assicurazioni SpA                             | Unipol Assicurazioni SpA                                              | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |    376404 | NS      | $8383186.20   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Rubber Industries Ltd.                      | Sumitomo Rubber Industries Ltd.                                       | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |    202900 | NS      | $3269970.12   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                          | BOC Hong Kong Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |   1272500 | NS      | $6700973.26   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                   | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |    100798 | NS      | $6151701.94   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.               | Yangzijiang Shipbuilding Holdings Ltd.                                | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |   3229000 | NS      | $8480365.75   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                  | Danieli & C Officine Meccaniche SpA                                   | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |     68437 | NS      | $3530762.92   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Coface SA                                            | Coface SA                                                             | CUSIP: N/A<br>LEI: 96950025N07LTJYFSN57       | Long             | EC               | CORP              | FR        |    172334 | NS      | $3151846.11   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Covivio SA                                           | Covivio SA                                                            | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |     63953 | NS      | $4085699.79   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                          | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |   1088215 | NS      | $14364644.16  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                  | Deutsche Telekom AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    811558 | NS      | $27234498.25  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                          | Novartis AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     67176 | NS      | $9966890.94   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                                 | Sompo Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |    213300 | NS      | $7355549.65   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                   | Anglo American plc                                                    | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    305694 | NS      | $14174362.62  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                   | AerCap Holdings NV                                                    | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |     95757 | NS      | $13756450.62  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanematsu Corp.                                      | Kanematsu Corp.                                                       | CUSIP: N/A<br>LEI: 353800N574WR0FX80I71       | Long             | EC               | CORP              | JP        |    554900 | NS      | $7288434.43   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Paragon Banking Group plc                            | Paragon Banking Group plc                                             | CUSIP: N/A<br>LEI: 213800S1TDKIB1IUTS72       | Long             | EC               | CORP              | GB        |    232708 | NS      | $2827622.81   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund                     | JPMorgan Prime Money Market Fund, Class Institutional                 | CUSIP: 4812A2603<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        | 179691618 | NS      | $179763494.61 | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd.                            | Asahi Group Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |   1103600 | NS      | $11553428.52  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group SA         | International Consolidated Airlines Group SA                          | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    620305 | NS      | $3563702.18   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                         | Capgemini SE                                                          | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |     66772 | NS      | $10374916.47  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.                    | Nomura Real Estate Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |    497000 | NS      | $3302685.98   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp.                                   | Suzuki Motor Corp.                                                    | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    895200 | NS      | $12206116.99  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   4119404 | NS      | $72670097.46  | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                      | Nordea Bank Abp                                                       | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    800000 | NS      | $15456328.13  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Wereldhave NV                                        | Wereldhave NV                                                         | CUSIP: N/A<br>LEI: 724500YRQCY3BD9RJZ92       | Long             | EC               | CORP              | NL        |    128077 | NS      | $3173181.03   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                       | Continental AG                                                        | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |    104009 | NS      | $8184395.84   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                 | EURO                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |   6614496 | OU      | $7840492.42   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                        | British Pound                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |         1 | OU      | $0.77         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke BAM Groep NV                             | Koninklijke BAM Groep NV                                              | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |    394637 | NS      | $4138839.59   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                    | Isuzu Motors Ltd.                                                     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    303100 | NS      | $4882885.52   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Schaeffler AG                                        | Schaeffler AG                                                         | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | EC               | CORP              | DE        |    354084 | NS      | $4176104.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: —       |
| Aiful Corp.                                          | Aiful Corp.                                                           | CUSIP: N/A<br>LEI: 5299005WK14QZ676ZY35       | Long             | EC               | CORP              | JP        |   1810800 | NS      | $6438692.06   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker Solutions ASA                                   | Aker Solutions ASA                                                    | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |   1323015 | NS      | $4834366.04   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Land Securities Group plc                            | Land Securities Group plc                                             | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |    411188 | NS      | $3670031.60   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Havas NV                                             | Havas NV                                                              | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | NL        |    234739 | NS      | $4850178.61   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |   2131643 | NS      | $19429468.21  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                            | Repsol SA                                                             | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    544117 | NS      | $10719706.47  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Century Corp.                                  | Tokyo Century Corp.                                                   | CUSIP: N/A<br>LEI: 35380096ZLHOF84DXR74       | Long             | EC               | CORP              | JP        |    464300 | NS      | $6468009.94   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                          | Swiss Re AG                                                           | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |     95807 | NS      | $15308410.34  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                              | SSE plc                                                               | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    444656 | NS      | $14779232.03  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                         | DNB Bank ASA                                                          | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    262005 | NS      | $7512564.54   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                     | ASR Nederland NV                                                      | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     74505 | NS      | $5411350.64   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley plc                                          | Beazley plc                                                           | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |    348471 | NS      | $5413686.02   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                                 | Tecnicas Reunidas SA                                                  | CUSIP: N/A<br>LEI: 213800JEZBUPZKWJGF49       | Long             | EC               | CORP              | ES        |    137668 | NS      | $5212742.22   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues SA                         | Banco Comercial Portugues SA, Class R                                 | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   4220004 | NS      | $4567749.17   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG (Registered)                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |    441535 | NS      | $17423461.52  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitie Group plc                                      | Mitie Group plc                                                       | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |   1983263 | NS      | $4548325.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Modern Times Group MTG AB                            | Modern Times Group MTG AB, Class B                                    | CUSIP: N/A<br>LEI: 549300E8NDODRSX29339       | Long             | EC               | CORP              | SE        |    293507 | NS      | $3426237.14   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer