# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-25-214981
**Filing Date:** 2025-9
**Character Count:** 921127
**Document Hash:** e0dd6c4d02f0fa27ccad4ba3e88dce9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-214981.hdr.sgml**: 20250912

**ACCESSION NUMBER**: 0001752724-25-214981

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250912

**DATE AS OF CHANGE**: 20250912

**EFFECTIVENESS DATE**: 20250912

**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:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 251311014

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

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

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

## Series and Classes Contracts Data

### JPMorgan U.S. Equity Fund (Series ID: S000001447)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003854 | Class A      | JUEAX           |
| C000007404 | Class I      | JUESX           |
| C000007405 | Class L      | JMUEX           |
| C000007566 | Class C      | JUECX           |
| C000033526 | Class R5     | JUSRX           |
| C000070617 | Class R2     | JUEZX           |
| C000093771 | Class R6     | JUEMX           |
| C000173553 | Class R3     | JUEPX           |
| C000173554 | Class R4     | JUEQX           |

### JPMorgan U.S. Research Enhanced Equity Fund (Series ID: S000002765)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007571 | Class I      | JDESX           |
| C000007573 | Class A      | JDEAX           |
| C000007982 | Class R6     | JDEUX           |

### JPMorgan Diversified Fund (Series ID: S000002766)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007574 | Class I      | JDVSX           |
| C000007575 | Class L      | JPDVX           |
| C000007576 | Class A      | JDVAX           |
| C000007578 | Class C      | JDVCX           |
| C000195232 | Class R6     | JDVZX           |

### JPMorgan Small Cap Blend Fund (Series ID: S000002767)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007579 | Class I      | JDSCX           |
| C000007580 | Class A      | VSCOX           |
| C000007582 | Class C      | VSCCX           |
| C000200708 | Class R2     |  |
| C000200709 | Class R3     |  |
| C000200710 | Class R5     |  |
| C000200711 | Class R6     | JSCHX           |
| C000200712 | Class R4     |  |

### JPMorgan U.S. Value Fund (Series ID: S000002768)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007583 | Class I      | VGIIX           |
| C000007584 | Class A      | VGRIX           |
| C000007586 | Class C      | VGICX           |
| C000162364 | Class R2     | VGRTX           |
| C000162365 | Class R5     | VGIFX           |
| C000162366 | Class R6     | VGINX           |
| C000190876 | Class R3     | JGAVX           |
| C000190877 | Class R4     | JGRUX           |

### JPMorgan U.S. GARP Equity Fund (Series ID: S000002790)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007641 | Class I      | JPGSX           |
| C000007642 | Class A      | JIGAX           |
| C000007643 | Class C      | JCICX           |
| C000033529 | Class R5     | JGIRX           |
| C000070623 | Class R2     | JIGZX           |
| C000162368 | Class R6     | JGISX           |

### JPMorgan U.S. Sustainable Leaders Fund (Series ID: S000002791)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007644 | Class I      | JIISX           |
| C000007645 | Class A      | JICAX           |
| C000007646 | Class C      | JICCX           |
| C000222263 | Class R6     | JIIGX           |

### JPMorgan U.S. Applied Data Science Value Fund (Series ID: S000002792)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007647 | Class I      | JPIVX           |
| C000007648 | Class A      | JIVAX           |
| C000007649 | Class C      | JIVCX           |
| C000033530 | Class R5     | JIVRX           |
| C000070624 | Class R2     | JIVZX           |
| C000093775 | Class R6     | JIVMX           |

### JPMorgan Mid Cap Equity Fund (Series ID: S000002793)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007650 | Class I      | VSNGX           |
| C000007895 | Class A      | JCMAX           |
| C000081076 | Class C      | JMCCX           |
| C000136840 | Class R2     | JMCEX           |
| C000136841 | Class R5     | JMEEX           |
| C000136842 | Class R6     | JPPEX           |

### JPMorgan Small Cap Equity Fund (Series ID: S000002794)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007651 | Class I      | VSEIX           |
| C000007653 | Class A      | VSEAX           |
| C000007655 | Class C      | JSECX           |
| C000033531 | Class R5     | JSERX           |
| C000070625 | Class R2     | JSEZX           |
| C000169974 | Class R6     | VSENX           |
| C000173555 | Class R3     | JSEPX           |
| C000173556 | Class R4     | JSEQX           |

### JPMorgan U.S. Small Company Fund (Series ID: S000002795)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007656 | Class I      | JSCSX           |
| C000007657 | Class L      | JUSSX           |
| C000054337 | Class A      | JTUAX           |
| C000054338 | Class C      | JTUCX           |
| C000106052 | Class R2     | JSCZX           |
| C000106053 | Class R6     | JUSMX           |
| C000173220 | Class R5     | JUSYX           |
| C000173557 | Class R3     | JUSPX           |
| C000173558 | Class R4     | JUSQX           |

### JPMorgan Value Advantage Fund (Series ID: S000002796)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007658 | Class I      | JVASX           |
| C000007659 | Class L      | JVAIX           |
| C000007660 | Class A      | JVAAX           |
| C000007661 | Class C      | JVACX           |
| C000173221 | Class R3     | JVAPX           |
| C000173222 | Class R4     | JVAQX           |
| C000173223 | Class R5     | JVARX           |
| C000173224 | Class R6     | JVAYX           |
| C000190878 | Class R2     | JGAQX           |

### JPMorgan U.S. Large Cap Core Plus Fund (Series ID: S000002849)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007809 | Class I      | JLPSX           |
| C000007811 | Class A      | JLCAX           |
| C000007812 | Class C      | JLPCX           |
| C000033532 | Class R5     | JCPRX           |
| C000070626 | Class R2     | JLPZX           |
| C000195233 | Class R6     | JLPYX           |

### JPMorgan SmartRetirement Income Fund (Series ID: S000011871)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000032433 | Class A      | JSRAX           |
| C000032434 | Class C      | JSRCX           |
| C000032435 | Class I      | JSRSX           |
| C000032436 | Class R5     | JSIIX           |
| C000070627 | Class R2     | JSIZX           |
| C000148425 | Class R6     | JSIYX           |
| C000169479 | Class R3     | JSIPX           |
| C000169480 | Class R4     | JSIQX           |

### JPMorgan SmartRetirement 2030 Fund (Series ID: S000011875)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000032449 | Class A      | JSMAX           |
| C000032450 | Class C      | JSMCX           |
| C000032451 | Class I      | JSMSX           |
| C000032452 | Class R5     | JSMIX           |
| C000070631 | Class R2     | JSMZX           |
| C000148428 | Class R6     | JSMYX           |
| C000169485 | Class R3     | JSMNX           |
| C000169486 | Class R4     | JSMQX           |

### JPMorgan SmartRetirement 2040 Fund (Series ID: S000011876)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000032453 | Class A      | SMTAX           |
| C000032454 | Class C      | SMTCX           |
| C000032455 | Class I      | SMTSX           |
| C000032456 | Class R5     | SMTIX           |
| C000070632 | Class R2     | SMTZX           |
| C000148429 | Class R6     | SMTYX           |
| C000169487 | Class R4     | SMTQX           |
| C000169488 | Class R3     | SMTPX           |

### JPMorgan SmartRetirement 2025 Fund (Series ID: S000018065)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050048 | Class A      | JNSAX           |
| C000050049 | Class C      | JNSCX           |
| C000050050 | Class I      | JNSSX           |
| C000050051 | Class R5     | JNSIX           |
| C000070633 | Class R2     | JNSZX           |
| C000148430 | Class R6     | JNSYX           |
| C000169489 | Class R3     | JNSPX           |
| C000169490 | Class R4     | JNSQX           |

### JPMorgan SmartRetirement 2035 Fund (Series ID: S000018066)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050052 | Class A      | SRJAX           |
| C000050053 | Class C      | SRJCX           |
| C000050054 | Class I      | SRJSX           |
| C000050055 | Class R5     | SRJIX           |
| C000070634 | Class R2     | SRJZX           |
| C000148431 | Class R6     | SRJYX           |
| C000169491 | Class R3     | SRJPX           |
| C000169492 | Class R4     | SRJQX           |

### JPMorgan SmartRetirement 2045 Fund (Series ID: S000018067)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050056 | Class C      | JSACX           |
| C000050057 | Class I      | JSASX           |
| C000050058 | Class R5     | JSAIX           |
| C000050059 | Class A      | JSAAX           |
| C000070635 | Class R2     | JSAZX           |
| C000148432 | Class R6     | JSAYX           |
| C000169493 | Class R3     | JSAPX           |
| C000169494 | Class R4     | JSAQX           |

### JPMorgan SmartRetirement 2050 Fund (Series ID: S000018068)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050060 | Class A      | JTSAX           |
| C000050061 | Class C      | JTSCX           |
| C000050062 | Class I      | JTSSX           |
| C000050063 | Class R5     | JTSIX           |
| C000070636 | Class R2     | JTSZX           |
| C000148433 | Class R6     | JTSYX           |
| C000169495 | Class R3     | JTSPX           |
| C000169496 | Class R4     | JTSQX           |

### JPMorgan SmartRetirement 2055 Fund (Series ID: S000035832)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000109814 | Class A      | JFFAX           |
| C000109815 | Class C      | JFFCX           |
| C000109816 | Class I      | JFFSX           |
| C000109817 | Class R2     | JFFRX           |
| C000109818 | Class R5     | JFFIX           |
| C000148434 | Class R6     | JFFYX           |
| C000169497 | Class R3     | JFFPX           |
| C000169498 | Class R4     | JFFQX           |

### JPMorgan SmartRetirement* Blend Income Fund (Series ID: S000037359)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115298 | Class I      | JIJSX           |
| C000115299 | Class R2     | JIRBX           |
| C000115300 | Class R5     | JIBBX           |
| C000115301 | Class R6     | JIYBX           |
| C000186783 | Class R3     | JITLX           |
| C000186784 | Class R4     | JITKX           |

### JPMorgan SmartRetirement* Blend 2055 Fund (Series ID: S000037360)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115304 | Class I      | JPTBX           |
| C000115305 | Class R2     | JTRBX           |
| C000115306 | Class R5     | JTBBX           |
| C000115307 | Class R6     | JTYBX           |
| C000186785 | Class R3     | JTTUX           |
| C000186786 | Class R4     | JTTLX           |

### JPMorgan SmartRetirement* Blend 2025 Fund (Series ID: S000037365)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115334 | Class I      | JBSSX           |
| C000115335 | Class R2     | JBRSX           |
| C000115336 | Class R5     | JBBSX           |
| C000115337 | Class R6     | JBYSX           |
| C000186789 | Class R3     | JBTUX           |
| C000186790 | Class R4     | JBTBX           |

### JPMorgan SmartRetirement* Blend 2030 Fund (Series ID: S000037366)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115340 | Class I      | JRBEX           |
| C000115341 | Class R2     | JRBRX           |
| C000115342 | Class R5     | JRBBX           |
| C000115343 | Class R6     | JRBYX           |
| C000186791 | Class R3     | JUTPX           |
| C000186792 | Class R4     | JUTUX           |

### JPMorgan SmartRetirement* Blend 2035 Fund (Series ID: S000037367)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115346 | Class I      | JPSRX           |
| C000115347 | Class R2     | JPRRX           |
| C000115348 | Class R5     | JPBRX           |
| C000115349 | Class R6     | JPYRX           |
| C000186793 | Class R4     | JPTKX           |
| C000186794 | Class R3     | JPTLX           |

### JPMorgan SmartRetirement* Blend 2040 Fund (Series ID: S000037368)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115352 | Class I      | JOBEX           |
| C000115353 | Class R2     | JOBRX           |
| C000115354 | Class R5     | JOBBX           |
| C000115355 | Class R6     | JOBYX           |
| C000186795 | Class R3     | JNTEX           |
| C000186796 | Class R4     | JNTNX           |

### JPMorgan SmartRetirement* Blend 2045 Fund (Series ID: S000037369)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115358 | Class I      | JMSSX           |
| C000115359 | Class R2     | JNARX           |
| C000115360 | Class R5     | JMBRX           |
| C000115361 | Class R6     | JMYAX           |
| C000186797 | Class R3     | JNTOX           |
| C000186798 | Class R4     | JNTLX           |

### JPMorgan SmartRetirement* Blend 2050 Fund (Series ID: S000037370)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000115364 | Class I      | JNEAX           |
| C000115365 | Class R2     | JNNRX           |
| C000115366 | Class R5     | JNABX           |
| C000115367 | Class R6     | JNYAX           |
| C000186799 | Class R3     | JNTKX           |
| C000186800 | Class R4     | JNTPX           |

### JPMorgan Hedged Equity Fund (Series ID: S000043249)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000133811 | Class A      | JHQAX           |
| C000133812 | Class C      | JHQCX           |
| C000133813 | Class I      | JHEQX           |
| C000133814 | Class R5     | JHQPX           |
| C000133815 | Class R6     | JHQRX           |

### JPMorgan SmartRetirement 2060 Fund (Series ID: S000054775)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000172118 | Class A      | JAKAX           |
| C000172119 | Class C      | JAKCX           |
| C000172120 | Class I      | JAKSX           |
| C000172121 | Class R5     | JAKIX           |
| C000172122 | Class R2     | JAKZX           |
| C000172123 | Class R3     | JAKPX           |
| C000172124 | Class R4     | JAKQX           |
| C000172125 | Class R6     | JAKYX           |

### JPMorgan SmartRetirement Blend 2060 Fund (Series ID: S000054776)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000172127 | Class I      | JACSX           |
| C000172128 | Class R2     | JATPX           |
| C000172129 | Class R5     | JAABX           |
| C000172130 | Class R6     | JAAYX           |
| C000186801 | Class R3     | JATQX           |
| C000186802 | Class R4     | JATUX           |

## Internal

**Report of Independent Registered Public Accounting Firm** 

To the Board of Trustees of JPMorgan Trust I and Shareholders of each of the funds listed in Appendix A

In planning and performing our audits of the financial statements of the funds listed in Appendix A (thirty-two of the funds constituting JPMorgan Trust I, hereafter collectively referred to as the "Funds") as of and for the year ended June 30, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and their operations, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of June 30, 2025.

This report is intended solely for the information and use of the Board of Trustees of JPMorgan Trust I and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

---

| |
|:---|
|  /s/ PricewaterhouseCoopers LLP |
|  New York, New York |
|  August 22, 2025 |

---

------

**Appendix A** 

---

| |
|:---|
|  JPMorgan Diversified Fund |
|  JPMorgan Hedged Equity Fund |
|  JPMorgan Mid Cap Equity Fund |
|  JPMorgan Small Cap Blend Fund |
|  JPMorgan Small Cap Equity Fund |
|  JPMorgan SmartRetirement 2025 Fund |
|  JPMorgan SmartRetirement 2030 Fund |
|  JPMorgan SmartRetirement 2035 Fund |
|  JPMorgan SmartRetirement 2040 Fund |
|  JPMorgan SmartRetirement 2045 Fund |
|  JPMorgan SmartRetirement 2050 Fund |
|  JPMorgan SmartRetirement 2055 Fund |
|  JPMorgan SmartRetirement 2060 Fund |
|  JPMorgan SmartRetirement Blend 2025 Fund |
|  JPMorgan SmartRetirement Blend 2030 Fund |
|  JPMorgan SmartRetirement Blend 2035 Fund |
|  JPMorgan SmartRetirement Blend 2040 Fund |
|  JPMorgan SmartRetirement Blend 2045 Fund |
|  JPMorgan SmartRetirement Blend 2050 Fund |
|  JPMorgan SmartRetirement Blend 2055 Fund |
|  JPMorgan SmartRetirement Blend 2060 Fund |
|  JPMorgan SmartRetirement Blend Income Fund |
|  JPMorgan SmartRetirement Income Fund |
|  JPMorgan U.S. Applied Data Science Value Fund |
|  JPMorgan U.S. Equity Fund |
|  JPMorgan U.S. GARP Equity Fund |
|  JPMorgan U.S. Large Cap Core Plus Fund |
|  JPMorgan U.S. Research Enhanced Equity Fund |
|  JPMorgan U.S. Small Company Fund<br> JPMorgan U.S. Sustainable Leaders Fund<br> JPMorgan U.S. Value Fund<br> JPMorgan Value Advantage Fund |

---

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001217286

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000037366

**Series ID Record:2**
- **Series ID:** S000018065

**Series ID Record:3**
- **Series ID:** S000037360

**Series ID Record:4**
- **Series ID:** S000002768

**Series ID Record:5**
- **Series ID:** S000037365

**Series ID Record:6**
- **Series ID:** S000011871

**Series ID Record:7**
- **Series ID:** S000002790

**Series ID Record:8**
- **Series ID:** S000054776

**Series ID Record:9**
- **Series ID:** S000002795

**Series ID Record:10**
- **Series ID:** S000002765

**Series ID Record:11**
- **Series ID:** S000037367

**Series ID Record:12**
- **Series ID:** S000037370

**Series ID Record:13**
- **Series ID:** S000002794

**Series ID Record:14**
- **Series ID:** S000002792

**Series ID Record:15**
- **Series ID:** S000018067

**Series ID Record:16**
- **Series ID:** S000001447

**Series ID Record:17**
- **Series ID:** S000002767

**Series ID Record:18**
- **Series ID:** S000035832

**Series ID Record:19**
- **Series ID:** S000037368

**Series ID Record:20**
- **Series ID:** S000002796

**Series ID Record:21**
- **Series ID:** S000043249

**Series ID Record:22**
- **Series ID:** S000002849

**Series ID Record:23**
- **Series ID:** S000002791

**Series ID Record:24**
- **Series ID:** S000018068

**Series ID Record:25**
- **Series ID:** S000037359

**Series ID Record:26**
- **Series ID:** S000011875

**Series ID Record:27**
- **Series ID:** S000054775

**Series ID Record:28**
- **Series ID:** S000002793

**Series ID Record:29**
- **Series ID:** S000002766

**Series ID Record:30**
- **Series ID:** S000037369

**Series ID Record:31**
- **Series ID:** S000011876

**Series ID Record:32**
- **Series ID:** S000018066

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-06-30

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** JPMorgan Trust I

- **Item B.1.b - Investment Company Act file number:** 811-21295

- **Item B.1.c - CIK:** 0001217286

- **Item B.1.d - LEI:** 549300DM5WZMCZZ70R78

- **Item B.2.a - Street 1:** 277 Park Avenue

- **Item B.2.b - City:** New York

- **Item B.2.c - State:** NY

- **Item B.2.e - Zip Code:** 10172

- **Item B.2.f - Telephone:** 800-480-4111

- **Item B.2.g - Public Website:** www.jpmorganfunds.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 383 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10179

- **g. Telephone number:** 212-270-6000

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as sub-administrator and fund accounting agent

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** J.P. Morgan Investment Management Inc.

- **b. Street 1:** 383 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10179

- **g. Telephone number:** 800-343-1113

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as investment adviser and administrator

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** SS&C GIDS, Inc.

- **b. Street 1:** 1055 Broadway Street

- **c. City:** Kansas City

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 64105

- **g. Telephone number:** 816-435-1000

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as transfer agent

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Distribution Services, Inc.

- **b. Street 1:** 1111 Polaris Parkway

- **c. City:** Columbus

- **d. State, if applicable:** OH

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 43240

- **g. Telephone number:** 201-595-1958

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as principal underwriter and shareholder servicing agent

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 4 Chase Metrotech Center

- **c. City:** Brooklyn

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 11245

- **g. Telephone number:** 718-242-0609

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as custodian

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** JPMorgan Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 60

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                  | Is Interested Person?   | Other Investment Company File Numbers                                                             |
|:---|:---|:---|
| Emily A. Youssouf     | No                      | 811-08189, 811-08437, 811-23117, 811-21638, 811-04236, 811-22903, 811-05526                       |
| Frankie D. Hughes     | No                      | 811-22903, 811-21638, 811-04236, 811-05526, 811-08189, 811-08437, 811-23117                       |
| Mary E. Martinez      | No                      | 811-23117, 811-05526, 811-21638, 811-08189, 811-08437, 811-22903, 811-04236                       |
| John F. Finn          | No                      | 811-04236, 811-08437, 811-22903, 811-23117, 811-21638, 811-05526, 811-08189                       |
| Gary L. French        | No                      | 811-23117, 811-08189, 811-22903, 811-05526, 811-21638, 811-04236, 811-08437                       |
| Marilyn McCoy         | No                      | 811-23117, 811-08189, 811-04236, 811-08437, 811-22903, 811-21638, 811-05526                       |
| Robert J. Grassi      | No                      | 811-23117, 811-05526, 811-08189, 811-04236, 811-22903, 811-21638, 811-08437                       |
| Thomas P. Lemke       | No                      | 811-08189, 811-05526, 811-21638, 811-04236, 811-22903, 811-08437, 811-22920, 811-23117, 811-23091 |
| Stephen P. Fisher     | No                      | 811-08189, 811-22903, 811-21638, 811-23117, 811-04236, 811-08437, 811-05526                       |
| Robert F. Deutsch     | Yes                     | 811-23117, 811-04236, 811-08189, 811-05526, 811-08437, 811-21638, 811-22903                       |
| Raymond Kanner        | No                      | 811-22903, 811-08437, 811-21638, 811-04236, 811-05526, 811-23117, 811-08189                       |
| Kathleen M. Gallagher | No                      | 811-21638, 811-23117, 811-04236, 811-08437, 811-08189, 811-05526, 811-22903                       |
| Nina O. Shenker       | Yes                     | 811-21638, 811-22903, 811-04236, 811-08189, 811-05526, 811-08437, 811-23117                       |
| Lawrence R. Maffia    | No                      | 811-21638, 811-04236, 811-08437, 811-08189, 811-05526, 811-23117, 811-22903                       |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Stephen M. Ungerman

- **b. CRD Number, if any:** 002315698

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

- **d. City:** New York

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 10172

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-26466
  - IC-25608
  - IC-25654
  - IC-34180

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. SEC file number:** 8-52700

- **iii. CRD number:** 000104234

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** OH

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - JPMorgan SmartRetirement Blend 2030 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2030 Fund

- **b. Series identification number, if any:** S000037366

- **c. LEI:** 549300ZJ70OCP0S63D59

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000115341                                | JRBRX                        |
|                           2 | Class I Shares          | C000115340                                | JRBEX                        |
|                           3 | Class R5 Shares         | C000115342                                | JRBBX                        |
|                           4 | Class R3 Shares         | C000186791                                | JUTPX                        |
|                           5 | Class R6 Shares         | C000115343                                | JRBYX                        |
|                           6 | Class R4 Shares         | C000186792                                | JUTUX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** Yes

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 3**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,595.83

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,326.66

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,950.81

**Brokers Record: 4**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,099.91

**Brokers Record: 5**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,615.92

**Brokers Record: 6**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,414.65

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,301.18

**Brokers Record: 8**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,955.46

**Brokers Record: 9**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,441.36

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,246.24

**Aggregate Commission:** $146,786.45

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC           | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $72,820,019.26            |
| Virtu Americas LLC                | 8-68193           |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $14,690,606.25            |
| Barclays Capital, Inc.            | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $35,770,708.46            |
| StoneX Financial, Inc             | 8-51269           |    000045993 | 549300LNKU6K5TJCRG93 | FL      | US        | $11,204,119.94            |
| Morgan Stanley & Co. LLC          | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $219,501,685.69           |
| BofA Securities, Inc.             | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $43,282,370.41            |
| BNP Paribas Securities Corp.      | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $14,644,824.66            |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $10,763,733.19            |
| Citigroup Global Markets Inc.     | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $19,463,484.62            |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $37,475,723.56            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $569,044,926.05

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,809,836,933.22

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Managed Income Fund                            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - JPMorgan SmartRetirement 2025 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2025 Fund

- **b. Series identification number, if any:** S000018065

- **c. LEI:** 549300S7KQX3CQNSIB63

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000070633                                | JNSZX                        |
|                           2 | Class A Shares          | C000050048                                | JNSAX                        |
|                           3 | Class R6 Shares         | C000148430                                | JNSYX                        |
|                           4 | Class R3 Shares         | C000169489                                | JNSPX                        |
|                           5 | Class I Shares          | C000050050                                | JNSSX                        |
|                           6 | Class C Shares          | C000050049                                | JNSCX                        |
|                           7 | Class R5 Shares         | C000050051                                | JNSIX                        |
|                           8 | Class R4 Shares         | C000169490                                | JNSQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** Citigroup Global Markets Inc.

- **ii. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,241.26

**Brokers Record: 2**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,117.16

**Brokers Record: 3**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,246.45

**Brokers Record: 4**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,631.18

**Brokers Record: 5**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,860.36

**Brokers Record: 6**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,795.79

**Brokers Record: 7**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,803.13

**Brokers Record: 8**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,100.99

**Brokers Record: 9**

- **i. Full name of broker:** Susquehanna Financial Group, LLLP

- **ii. SEC file number:** 8-44325

- **iii. CRD number:** 000035865

- **iv. LEI, if any:** 549300E8QX0ZMRDC2M81

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,696.66

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,061.86

**Aggregate Commission:** $62,785.36

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $1,360,121.66             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,360,121.66

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,637,826,793.20

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - JPMorgan SmartRetirement Blend 2055 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2055 Fund

- **b. Series identification number, if any:** S000037360

- **c. LEI:** 54930042HNL16CZIGH88

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R4 Shares         | C000186786                                | JTTLX                        |
|                           2 | Class R3 Shares         | C000186785                                | JTTUX                        |
|                           3 | Class I Shares          | C000115304                                | JPTBX                        |
|                           4 | Class R6 Shares         | C000115307                                | JTYBX                        |
|                           5 | Class R2 Shares         | C000115305                                | JTRBX                        |
|                           6 | Class R5 Shares         | C000115306                                | JTBBX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $773.55

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,237.63

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $652.24

**Brokers Record: 4**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,004.50

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,093.34

**Brokers Record: 6**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,802.58

**Brokers Record: 7**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 8-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $589.09

**Brokers Record: 8**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,072.17

**Brokers Record: 9**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,135.34

**Brokers Record: 10**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,646.39

**Aggregate Commission:** $59,622.10

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| TD SECURITIES (USA) LLC           | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $1,404,219.38             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $140,094.53               |
| Morgan Stanley & Co. LLC          | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $180,239.06               |
| BNP Paribas Securities Corp.      | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $50,064.45                |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $1,581,143.93             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,355,761.35

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,173,571,037.78

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - JPMorgan U.S. Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Value Fund

- **b. Series identification number, if any:** S000002768

- **c. LEI:** 549300JZNNMRZLPYEY24

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I Shares          | C000007583                                | VGIIX                        |
|                           2 | Class R5 Shares         | C000162365                                | VGIFX                        |
|                           3 | Class R6 Shares         | C000162366                                | VGINX                        |
|                           4 | Class R2 Shares         | C000162364                                | VGRTX                        |
|                           5 | Class R3 Shares         | C000190876                                | JGAVX                        |
|                           6 | Class C Shares          | C000007586                                | VGICX                        |
|                           7 | Class R4 Shares         | C000190877                                | JGRUX                        |
|                           8 | Class A Shares          | C000007584                                | VGRIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,220,145.72

- **g. Provide the net income from securities lending activities:** $1,250.89

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,414.36

**Brokers Record: 2**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,463.82

**Brokers Record: 3**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,508.84

**Brokers Record: 4**

- **i. Full name of broker:** Guggenheim Securities, LLC

- **ii. SEC file number:** 8-49107

- **iii. CRD number:** 000040638

- **iv. LEI, if any:** 5493005G25VHYWLYJU59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,777.05

**Brokers Record: 5**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $28,174.05

**Brokers Record: 6**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,243.70

**Brokers Record: 7**

- **i. Full name of broker:** Evercore Group L.L.C.

- **ii. SEC file number:** 8-49830

- **iii. CRD number:** 000042405

- **iv. LEI, if any:** 5493008F0LRLS5N8LZ81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,510.14

**Brokers Record: 8**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $42,099.53

**Brokers Record: 9**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,948.43

**Brokers Record: 10**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,146.34

**Aggregate Commission:** $433,854.45

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $6,155,361,106.57

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 5 - JPMorgan SmartRetirement Blend 2025 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2025 Fund

- **b. Series identification number, if any:** S000037365

- **c. LEI:** 5493004CV4K8WM5S8F24

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000115337                                | JBYSX                        |
|                           2 | Class R2 Shares         | C000115335                                | JBRSX                        |
|                           3 | Class I Shares          | C000115334                                | JBSSX                        |
|                           4 | Class R3 Shares         | C000186789                                | JBTUX                        |
|                           5 | Class R4 Shares         | C000186790                                | JBTBX                        |
|                           6 | Class R5 Shares         | C000115336                                | JBBSX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** Yes

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,325.19

**Brokers Record: 2**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,142.58

**Brokers Record: 3**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,688.86

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,906.44

**Brokers Record: 5**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,021.53

**Brokers Record: 6**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,338.26

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,895.40

**Brokers Record: 8**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,585.63

**Brokers Record: 9**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,453.78

**Brokers Record: 10**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,703.52

**Aggregate Commission:** $141,028.69

**Item C.17.a. Principal transaction counterparties.**

| Name                                | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| TD SECURITIES (USA) LLC             | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $13,639,858.53            |
| Morgan Stanley & Co. LLC            | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $163,930,986.34           |
| SMBC Nikko Securities America, Inc. | 8-43852           |    000028602 | 6PJDTY319315T5LR2241 | NY      | US        | $10,327,803.56            |
| Barclays Capital, Inc.              | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $40,363,529.78            |
| Goldman Sachs & Co. LLC             | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $53,336,867.62            |
| Wells Fargo Securities, LLC         | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $41,148,329.24            |
| RBC Capital Markets, LLC            | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $9,573,429.03             |
| BMO Nesbitt Burns Securities Ltd.   | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $7,399,628.87             |
| Citigroup Global Markets Inc.       | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $19,424,635.81            |
| BofA Securities, Inc.               | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $27,331,727.20            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $457,382,280.04

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,999,172,650.59

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - JPMorgan SmartRetirement Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Income Fund

- **b. Series identification number, if any:** S000011871

- **c. LEI:** 549300VHPNL9AC9Z7316

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000070627                                | JSIZX                        |
|                           2 | Class R5 Shares         | C000032436                                | JSIIX                        |
|                           3 | Class A Shares          | C000032433                                | JSRAX                        |
|                           4 | Class C Shares          | C000032434                                | JSRCX                        |
|                           5 | Class I Shares          | C000032435                                | JSRSX                        |
|                           6 | Class R3 Shares         | C000169479                                | JSIPX                        |
|                           7 | Class R6 Shares         | C000148425                                | JSIYX                        |
|                           8 | Class R4 Shares         | C000169480                                | JSIQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,936.05

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,677.84

**Brokers Record: 3**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,579.62

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,156.41

**Brokers Record: 5**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,222.00

**Brokers Record: 6**

- **i. Full name of broker:** Flow Traders B.V.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300CLJI9XDH12XV51

- **vii. Gross commissions paid by the Fund for the reporting period:** $595.43

**Brokers Record: 7**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,578.92

**Brokers Record: 8**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $838.29

**Brokers Record: 9**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,322.63

**Brokers Record: 10**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $658.22

**Aggregate Commission:** $25,131.08

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $328,784.37               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $328,784.37

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,288,055,524.69

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 7 - JPMorgan U.S. GARP Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. GARP Equity Fund

- **b. Series identification number, if any:** S000002790

- **c. LEI:** 549300N2J35RBS1KLI04

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000007643                                | JCICX                        |
|                           2 | Class A Shares          | C000007642                                | JIGAX                        |
|                           3 | Class R2 Shares         | C000070623                                | JIGZX                        |
|                           4 | Class R6 Shares         | C000162368                                | JGISX                        |
|                           5 | Class I Shares          | C000007641                                | JPGSX                        |
|                           6 | Class R5 Shares         | C000033529                                | JGIRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $663,573.38

- **g. Provide the net income from securities lending activities:** $2,167.02

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $9,180.83

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $24,359.31

**Brokers Record: 2**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,454.99

**Brokers Record: 3**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,726.25

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,694.86

**Brokers Record: 5**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,755.80

**Brokers Record: 6**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,989.90

**Brokers Record: 7**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 8-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,899.59

**Brokers Record: 8**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,129.77

**Brokers Record: 9**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,897.32

**Brokers Record: 10**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,595.16

**Aggregate Commission:** $236,953.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,667,069,846.47

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - JPMorgan SmartRetirement Blend 2060 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2060 Fund

- **b. Series identification number, if any:** S000054776

- **c. LEI:** 549300D93HSTQ5LX8A59

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000172128                                | JATPX                        |
|                           2 | Class R3 Shares         | C000186801                                | JATQX                        |
|                           3 | Class R6 Shares         | C000172130                                | JAAYX                        |
|                           4 | Class I Shares          | C000172127                                | JACSX                        |
|                           5 | Class R4 Shares         | C000186802                                | JATUX                        |
|                           6 | Class R5 Shares         | C000172129                                | JAABX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,051.65

**Brokers Record: 2**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $578.84

**Brokers Record: 3**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,109.25

**Brokers Record: 4**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $917.75

**Brokers Record: 5**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,623.37

**Brokers Record: 6**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,210.29

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,876.18

**Brokers Record: 8**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,579.51

**Brokers Record: 9**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $750.74

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,824.59

**Aggregate Commission:** $40,560.12

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $110,091.80               |
| TD SECURITIES (USA) LLC           | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $777,121.40               |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $1,052,629.81             |
| BNP Paribas Securities Corp.      | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $40,051.56                |
| Morgan Stanley & Co. LLC          | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $100,132.82               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,080,027.39

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $649,056,900.81

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 9 - JPMorgan U.S. Small Company Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Small Company Fund

- **b. Series identification number, if any:** S000002795

- **c. LEI:** 549300MOTBMZQG15BP60

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 9

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R3 Shares         | C000173557                                | JUSPX                        |
|                           2 | Class R2 Shares         | C000106052                                | JSCZX                        |
|                           3 | Class R6 Shares         | C000106053                                | JUSMX                        |
|                           4 | Class L Shares          | C000007657                                | JUSSX                        |
|                           5 | Class R5 Shares         | C000173220                                | JUSYX                        |
|                           6 | Class C Shares          | C000054338                                | JTUCX                        |
|                           7 | Class I Shares          | C000007656                                | JSCSX                        |
|                           8 | Class R4 Shares         | C000173558                                | JUSQX                        |
|                           9 | Class A Shares          | C000054337                                | JTUAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $32,045,972.26

- **g. Provide the net income from securities lending activities:** $412,653.07

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $64,498.68

**Brokers Record: 2**

- **i. Full name of broker:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $66,062.66

**Brokers Record: 3**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $86,238.04

**Brokers Record: 4**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $220,124.77

**Brokers Record: 5**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $62,544.16

**Brokers Record: 6**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 8-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $57,482.35

**Brokers Record: 7**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $110,780.61

**Brokers Record: 8**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $312,001.10

**Brokers Record: 9**

- **i. Full name of broker:** Liquidnet, Inc.

- **ii. SEC file number:** 8-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $97,491.57

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $107,122.60

**Aggregate Commission:** $1,561,461.66

**Item C.17.a. Principal transaction counterparties.**

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Barclays Capital, Inc.           | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $1,958,784.00             |
| UBS Securities LLC               | 8-22651           |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $93,053.63                |
| Morgan Stanley & Co. LLC         | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $4,060,608.00             |
| BMO Capital Markets Corp.        | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $55,166.97                |
| Fidelity Brokerage Services LLC  | 8-23292           |    000007784 | 549300OQFQ4NFIOD5695 | RI      | US        | $121,450.06               |
| State Street Global Markets, LLC | 8-69862           |    000285852 | 549300FDEDF5ORXCMQ56 | MA      | US        | $244,230.80               |
| RBC Capital Markets, LLC         | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $580,867.28               |
| Virtu Americas LLC               | 8-68193           |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $158,917.89               |
| Cowen and Company                | 8-22522           |    000007616 | 549300WR155U7DVMIW58 | NY      | US        | $326,713.81               |
| Raymond James & Associates, Inc. | 8-10999           |    000000705 | U4ONQX15J3RO8XCKE979 | FL      | US        | $66,256.13                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,745,442.25

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $975,688,902.31

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust II                           | 811-04236         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - JPMorgan U.S. Research Enhanced Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Research Enhanced Equity Fund

- **b. Series identification number, if any:** S000002765

- **c. LEI:** 549300VOOZNRR4HQN096

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A Shares          | C000007573                                | JDEAX                        |
|                           2 | Class R6 Shares         | C000007982                                | JDEUX                        |
|                           3 | Class I Shares          | C000007571                                | JDESX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $74,289.08

**Brokers Record: 2**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $53,152.34

**Brokers Record: 3**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $64,184.96

**Brokers Record: 4**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $86,269.95

**Brokers Record: 5**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,506.35

**Brokers Record: 6**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,144.45

**Brokers Record: 7**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36,057.95

**Brokers Record: 8**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $76,265.76

**Brokers Record: 9**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $98,586.66

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,433.24

**Aggregate Commission:** $845,843.61

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Morgan Stanley & Co. LLC | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $10,643,360.00            |
| Goldman Sachs & Co. LLC  | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $18,904,331.25            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $29,547,691.25

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $10,258,070,870.26

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan International Focus Fund                       | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Institutional Trust                | 811-21638         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 11 - JPMorgan SmartRetirement Blend 2035 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2035 Fund

- **b. Series identification number, if any:** S000037367

- **c. LEI:** 5493004TZUXVOYD73Y24

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000115347                                | JPRRX                        |
|                           2 | Class I Shares          | C000115346                                | JPSRX                        |
|                           3 | Class R3 Shares         | C000186794                                | JPTLX                        |
|                           4 | Class R4 Shares         | C000186793                                | JPTKX                        |
|                           5 | Class R6 Shares         | C000115349                                | JPYRX                        |
|                           6 | Class R5 Shares         | C000115348                                | JPBRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** Yes

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,654.39

**Brokers Record: 2**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $43,625.98

**Brokers Record: 3**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,730.72

**Brokers Record: 4**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,549.17

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,597.15

**Brokers Record: 6**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,202.33

**Brokers Record: 7**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,448.02

**Brokers Record: 8**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,980.08

**Brokers Record: 9**

- **i. Full name of broker:** Flow Traders B.V.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300CLJI9XDH12XV51

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,876.38

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,580.24

**Aggregate Commission:** $155,066.83

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Mizuho Securities USA LLC             | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $11,380,328.67            |
| Virtu Americas LLC                    | 8-68193           |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $7,764,779.27             |
| Wells Fargo Securities, LLC           | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $55,611,765.08            |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $10,645,511.93            |
| Nomura Securities International, Inc. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $9,539,067.85             |
| BMO Nesbitt Burns Securities Ltd.     | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $7,529,000.81             |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $69,196,735.44            |
| Goldman Sachs & Co. LLC               | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $47,664,668.27            |
| BNP Paribas Securities Corp.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $13,913,300.73            |
| BofA Securities, Inc.                 | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $8,248,961.78             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $283,669,763.57

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,065,483,740.26

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust II                           | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** —

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 12 - JPMorgan SmartRetirement Blend 2050 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2050 Fund

- **b. Series identification number, if any:** S000037370

- **c. LEI:** 549300UCB8Q238S7CG04

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000115365                                | JNNRX                        |
|                           2 | Class I Shares          | C000115364                                | JNEAX                        |
|                           3 | Class R6 Shares         | C000115367                                | JNYAX                        |
|                           4 | Class R3 Shares         | C000186799                                | JNTKX                        |
|                           5 | Class R4 Shares         | C000186800                                | JNTPX                        |
|                           6 | Class R5 Shares         | C000115366                                | JNABX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,375.68

**Brokers Record: 2**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $667.92

**Brokers Record: 3**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $28,347.96

**Brokers Record: 4**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $952.84

**Brokers Record: 5**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $694.71

**Brokers Record: 6**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,801.40

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,965.31

**Brokers Record: 8**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,641.38

**Brokers Record: 9**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,533.27

**Brokers Record: 10**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,177.70

**Aggregate Commission:** $88,338.35

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BNP Paribas Securities Corp.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $90,116.01                |
| Wells Fargo Securities, LLC           | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $280,258.59               |
| Nomura Securities International, Inc. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $50,148.44                |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $260,345.31               |
| BMO Nesbitt Burns Securities Ltd.     | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $2,497,521.65             |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $2,287,357.35             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,465,747.35

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,939,048,049.99

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 13 - JPMorgan Small Cap Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Small Cap Equity Fund

- **b. Series identification number, if any:** S000002794

- **c. LEI:** 549300RO68EY7ZS30I29

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000169974                                | VSENX                        |
|                           2 | Class R3 Shares         | C000173555                                | JSEPX                        |
|                           3 | Class I Shares          | C000007651                                | VSEIX                        |
|                           4 | Class A Shares          | C000007653                                | VSEAX                        |
|                           5 | Class R5 Shares         | C000033531                                | JSERX                        |
|                           6 | Class C Shares          | C000007655                                | JSECX                        |
|                           7 | Class R4 Shares         | C000173556                                | JSEQX                        |
|                           8 | Class R2 Shares         | C000070625                                | JSEZX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $49,412,096.31

- **g. Provide the net income from securities lending activities:** $66,408.58

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48,243.55

**Brokers Record: 2**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $70,371.52

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $37,773.23

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $117,954.62

**Brokers Record: 5**

- **i. Full name of broker:** Liquidnet, Inc.

- **ii. SEC file number:** 8-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $74,693.97

**Brokers Record: 6**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $94,421.03

**Brokers Record: 7**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $194,985.14

**Brokers Record: 8**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $64,137.68

**Brokers Record: 9**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $125,089.97

**Brokers Record: 10**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $130,068.19

**Aggregate Commission:** $1,316,516.54

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Morgan Stanley & Co. LLC      | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $1,335,380.00             |
| Jefferies LLC                 | 8-15074           |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $9,858,096.00             |
| Citigroup Global Markets Inc. | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $3,462,954.00             |
| Goldman Sachs & Co. LLC       | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $25,542,714.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $40,199,144.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $4,285,873,859.49

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Institutional Trust                            | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust II                           | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 14 - JPMorgan U.S. Applied Data Science Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Applied Data Science Value Fund

- **b. Series identification number, if any:** S000002792

- **c. LEI:** 549300QYC6KSZFOAP716

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000070624                                | JIVZX                        |
|                           2 | Class A Shares          | C000007648                                | JIVAX                        |
|                           3 | Class R5 Shares         | C000033530                                | JIVRX                        |
|                           4 | Class R6 Shares         | C000093775                                | JIVMX                        |
|                           5 | Class I Shares          | C000007647                                | JPIVX                        |
|                           6 | Class C Shares          | C000007649                                | JIVCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,578.92

- **g. Provide the net income from securities lending activities:** $1.32

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $1,552.57

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $581.94

**Brokers Record: 2**

- **i. Full name of broker:** Siebert Williams Shank & Co., LLC

- **ii. SEC file number:** 8-49877

- **iii. CRD number:** 000042568

- **iv. LEI, if any:** 254900VTARX8RAY9QK77

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $134.33

**Brokers Record: 3**

- **i. Full name of broker:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,675.54

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $322.73

**Brokers Record: 5**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,969.35

**Brokers Record: 6**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $458.40

**Brokers Record: 7**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,608.42

**Brokers Record: 8**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,552.57

**Brokers Record: 9**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,252.87

**Brokers Record: 10**

- **i. Full name of broker:** ROBERT W. BAIRD & CO. INCORPORATED

- **ii. SEC file number:** 8-00497

- **iii. CRD number:** 000008158

- **iv. LEI, if any:** 549300772UJAHRD6LO53

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $157.42

**Aggregate Commission:** $13,620.44

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $168,811,687.89

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust I                            | 811-21295         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 15 - JPMorgan SmartRetirement 2045 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2045 Fund

- **b. Series identification number, if any:** S000018067

- **c. LEI:** 5493001FFFGGJXMIFC77

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A Shares          | C000050059                                | JSAAX                        |
|                           2 | Class C Shares          | C000050056                                | JSACX                        |
|                           3 | Class R4 Shares         | C000169494                                | JSAQX                        |
|                           4 | Class R5 Shares         | C000050058                                | JSAIX                        |
|                           5 | Class R3 Shares         | C000169493                                | JSAPX                        |
|                           6 | Class R6 Shares         | C000148432                                | JSAYX                        |
|                           7 | Class R2 Shares         | C000070635                                | JSAZX                        |
|                           8 | Class I Shares          | C000050057                                | JSASX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 17**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 19**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 22**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,085.53

**Brokers Record: 2**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,108.73

**Brokers Record: 3**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,352.21

**Brokers Record: 4**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,146.50

**Brokers Record: 5**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,467.69

**Brokers Record: 6**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,814.44

**Brokers Record: 7**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,859.70

**Brokers Record: 8**

- **i. Full name of broker:** Flow Traders B.V.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300CLJI9XDH12XV51

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,495.53

**Brokers Record: 9**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,325.59

**Brokers Record: 10**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,660.74

**Aggregate Commission:** $96,577.26

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,282,431.56             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $140,185.15               |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $2,919,327.31             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,341,944.02

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,055,918,768.58

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 16 - JPMorgan U.S. Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Equity Fund

- **b. Series identification number, if any:** S000001447

- **c. LEI:** 549300O4STN5CE50YK08

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 9

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I Shares          | C000007404                                | JUESX                        |
|                           2 | Class R4 Shares         | C000173554                                | JUEQX                        |
|                           3 | Class R6 Shares         | C000093771                                | JUEMX                        |
|                           4 | Class R3 Shares         | C000173553                                | JUEPX                        |
|                           5 | Class R2 Shares         | C000070617                                | JUEZX                        |
|                           6 | Class L Shares          | C000007405                                | JMUEX                        |
|                           7 | Class A Shares          | C000003854                                | JUEAX                        |
|                           8 | Class C Shares          | C000007566                                | JUECX                        |
|                           9 | Class R5 Shares         | C000033526                                | JUSRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $569,762.72

- **g. Provide the net income from securities lending activities:** $1,704.51

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $75,783.75

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $401,850.08

**Brokers Record: 2**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $213,567.42

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $341,348.88

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $287,611.72

**Brokers Record: 5**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $347,109.51

**Brokers Record: 6**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $207,979.73

**Brokers Record: 7**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $152,035.94

**Brokers Record: 8**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $115,173.84

**Brokers Record: 9**

- **i. Full name of broker:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $124,527.49

**Brokers Record: 10**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $413,299.29

**Aggregate Commission:** $3,424,601.57

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC  | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $146,902,628.25           |
| Morgan Stanley & Co. LLC | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $41,839,000.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $188,741,628.25

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $31,417,535,118.69

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 17 - JPMorgan Small Cap Blend Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Small Cap Blend Fund

- **b. Series identification number, if any:** S000002767

- **c. LEI:** 549300G5GLMLAG6QVC64

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A Shares          | C000007580                                | VSCOX                        |
|                           2 | Class R6 Shares         | C000200711                                | JSCHX                        |
|                           3 | Class I Shares          | C000007579                                | JDSCX                        |
|                           4 | Class C Shares          | C000007582                                | VSCCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $20,856,826.21

- **g. Provide the net income from securities lending activities:** $113,350.99

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $32,586.37

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,647.24

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,448.40

**Brokers Record: 3**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46,964.33

**Brokers Record: 4**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,586.37

**Brokers Record: 5**

- **i. Full name of broker:** Cantor Fitzgerald & Co.

- **ii. SEC file number:** 8-00201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $42,956.80

**Brokers Record: 6**

- **i. Full name of broker:** Truist Securities, Inc.

- **ii. SEC file number:** 8-17212

- **iii. CRD number:** 000006271

- **iv. LEI, if any:** CSVTK36R0PNGXEM7NS14

- **v. State, if applicable:** GA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $221,702.69

**Brokers Record: 7**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 8-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48,615.53

**Brokers Record: 8**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,489.94

**Brokers Record: 9**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $29,793.55

**Brokers Record: 10**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,156.47

**Aggregate Commission:** $779,113.85

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Citigroup Global Markets Inc. | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $3,720,914.75             |
| BTIG, LLC                     | 8-65473           |    000122225 | 549300GTG9PL6WO3EC51 | CA      | US        | $202,141.80               |
| Morgan Stanley & Co. LLC      | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $6,691,714.00             |
| Barclays Capital, Inc.        | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $1,552,576.00             |
| Jefferies LLC                 | 8-15074           |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $2,084,995.00             |
| Goldman Sachs & Co. LLC       | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $6,835,203.50             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $21,087,545.05

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,533,565,329.73

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 18 - JPMorgan SmartRetirement 2055 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2055 Fund

- **b. Series identification number, if any:** S000035832

- **c. LEI:** 54930086QWXY27TC3U30

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000109817                                | JFFRX                        |
|                           2 | Class C Shares          | C000109815                                | JFFCX                        |
|                           3 | Class R5 Shares         | C000109818                                | JFFIX                        |
|                           4 | Class A Shares          | C000109814                                | JFFAX                        |
|                           5 | Class R3 Shares         | C000169497                                | JFFPX                        |
|                           6 | Class I Shares          | C000109816                                | JFFSX                        |
|                           7 | Class R6 Shares         | C000148434                                | JFFYX                        |
|                           8 | Class R4 Shares         | C000169498                                | JFFQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 19**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 21**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,945.61

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,894.71

**Brokers Record: 3**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,276.50

**Brokers Record: 4**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,831.43

**Brokers Record: 5**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,152.92

**Brokers Record: 6**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,999.42

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,912.69

**Brokers Record: 8**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,154.78

**Brokers Record: 9**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,697.35

**Brokers Record: 10**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,806.37

**Aggregate Commission:** $60,581.91

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $1,484,616.78             |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $1,637,824.00             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $90,126.17                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,212,566.95

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,816,822,896.16

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 19 - JPMorgan SmartRetirement Blend 2040 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2040 Fund

- **b. Series identification number, if any:** S000037368

- **c. LEI:** 549300KKAL12NQ4N7398

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000115355                                | JOBYX                        |
|                           2 | Class R5 Shares         | C000115354                                | JOBBX                        |
|                           3 | Class R3 Shares         | C000186795                                | JNTEX                        |
|                           4 | Class R4 Shares         | C000186796                                | JNTNX                        |
|                           5 | Class I Shares          | C000115352                                | JOBEX                        |
|                           6 | Class R2 Shares         | C000115353                                | JOBRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $869.14

**Brokers Record: 2**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,675.91

**Brokers Record: 3**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $29,964.27

**Brokers Record: 4**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36,941.89

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,623.55

**Brokers Record: 6**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,100.66

**Brokers Record: 7**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,215.49

**Brokers Record: 8**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 8-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,468.51

**Brokers Record: 9**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,807.26

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,650.51

**Aggregate Commission:** $126,150.45

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BNP Paribas Securities Corp.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $120,154.68               |
| BMO Nesbitt Burns Securities Ltd.     | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $3,538,355.61             |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $370,491.40               |
| Nomura Securities International, Inc. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $60,178.13                |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $3,303,494.99             |
| Wells Fargo Securities, LLC           | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $380,319.93               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,772,994.74

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,776,601,640.72

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 20 - JPMorgan Value Advantage Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Value Advantage Fund

- **b. Series identification number, if any:** S000002796

- **c. LEI:** 549300P7ZUUEK5GQXK57

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 9

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000190878                                | JGAQX                        |
|                           2 | Class L Shares          | C000007659                                | JVAIX                        |
|                           3 | Class C Shares          | C000007661                                | JVACX                        |
|                           4 | Class R4 Shares         | C000173222                                | JVAQX                        |
|                           5 | Class R6 Shares         | C000173224                                | JVAYX                        |
|                           6 | Class R3 Shares         | C000173221                                | JVAPX                        |
|                           7 | Class I Shares          | C000007658                                | JVASX                        |
|                           8 | Class R5 Shares         | C000173223                                | JVARX                        |
|                           9 | Class A Shares          | C000007660                                | JVAAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $22,446,612.02

- **g. Provide the net income from securities lending activities:** $21,129.65

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $27,869.75

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $108,572.53

**Brokers Record: 2**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $143,402.33

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $99,921.69

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $222,613.19

**Brokers Record: 5**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $138,502.54

**Brokers Record: 6**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $142,897.53

**Brokers Record: 7**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $221,318.17

**Brokers Record: 8**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $147,173.62

**Brokers Record: 9**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $137,286.65

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $92,370.91

**Aggregate Commission:** $2,267,431.94

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $9,075,547,042.97

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| Undiscovered Managers Funds                 | 811-08437         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Income ETF                                     | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 21 - JPMorgan Hedged Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Hedged Equity Fund

- **b. Series identification number, if any:** S000043249

- **c. LEI:** 549300S6PTD170LF2O94

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000133812                                | JHQCX                        |
|                           2 | Class R5 Shares         | C000133814                                | JHQPX                        |
|                           3 | Class I Shares          | C000133813                                | JHEQX                        |
|                           4 | Class A Shares          | C000133811                                | JHQAX                        |
|                           5 | Class R6 Shares         | C000133815                                | JHQRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 3**

- **i. Full name:** Citigroup Global Markets Inc.

- **ii. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $36,018.87

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $310,236.58

**Brokers Record: 2**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $183,676.66

**Brokers Record: 3**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $73,018.45

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $51,306.72

**Brokers Record: 5**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $125,285.96

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,754,641.48

**Brokers Record: 7**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $169,335.23

**Brokers Record: 8**

- **i. Full name of broker:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $53,394.75

**Brokers Record: 9**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $70,575.87

**Brokers Record: 10**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $127,719.40

**Aggregate Commission:** $4,260,941.67

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Morgan Stanley & Co. LLC | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $21,573,440.00            |
| Goldman Sachs & Co. LLC  | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $42,438,705.75            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $64,012,145.75

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $20,652,357,533.71

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Institutional Trust                | 811-21638         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 22 - JPMorgan U.S. Large Cap Core Plus Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Large Cap Core Plus Fund

- **b. Series identification number, if any:** S000002849

- **c. LEI:** 54930016EZ7EBWGG9022

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000195233                                | JLPYX                        |
|                           2 | Class C Shares          | C000007812                                | JLPCX                        |
|                           3 | Class A Shares          | C000007811                                | JLCAX                        |
|                           4 | Class R2 Shares         | C000070626                                | JLPZX                        |
|                           5 | Class R5 Shares         | C000033532                                | JCPRX                        |
|                           6 | Class I Shares          | C000007809                                | JLPSX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17e-1 (17 CFR 270.17e-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $4,571.87

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $76,944.78

**Brokers Record: 2**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $142,075.29

**Brokers Record: 3**

- **i. Full name of broker:** Liquidnet, Inc.

- **ii. SEC file number:** 8-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $47,868.97

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $139,748.17

**Brokers Record: 5**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $51,282.13

**Brokers Record: 6**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $77,481.69

**Brokers Record: 7**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $83,158.12

**Brokers Record: 8**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 8-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $50,548.99

**Brokers Record: 9**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $114,880.78

**Brokers Record: 10**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $118,885.31

**Aggregate Commission:** $1,246,015.76

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC  | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $8,260,323.75             |
| Morgan Stanley & Co. LLC | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $5,746,440.00             |
| Cowen and Company        | 8-22522           |    000007616 | 549300WR155U7DVMIW58 | NY      | US        | $2,912,279.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $16,919,042.75

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,841,733,862.38

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust I                            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 23 - JPMorgan U.S. Sustainable Leaders Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan U.S. Sustainable Leaders Fund

- **b. Series identification number, if any:** S000002791

- **c. LEI:** 549300UE80TDT3MM2C81

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000222263                                | JIIGX                        |
|                           2 | Class I Shares          | C000007644                                | JIISX                        |
|                           3 | Class A Shares          | C000007645                                | JICAX                        |
|                           4 | Class C Shares          | C000007646                                | JICCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,498.98

**Brokers Record: 2**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,900.42

**Brokers Record: 3**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,223.88

**Brokers Record: 4**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,348.54

**Brokers Record: 5**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,734.20

**Brokers Record: 6**

- **i. Full name of broker:** Loop Capital Markets LLC

- **ii. SEC file number:** 8-50140

- **iii. CRD number:** 000043098

- **iv. LEI, if any:** 254900FPPM2WN90D4786

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,014.72

**Brokers Record: 7**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,408.06

**Brokers Record: 8**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,984.66

**Brokers Record: 9**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,195.30

**Brokers Record: 10**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,871.03

**Aggregate Commission:** $42,977.23

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $237,137,149.26

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Institutional Trust                | 811-21638         |
| Undiscovered Managers Funds                 | 811-08437         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 24 - JPMorgan SmartRetirement 2050 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2050 Fund

- **b. Series identification number, if any:** S000018068

- **c. LEI:** 549300S4F9ZOVKLFHG93

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000050061                                | JTSCX                        |
|                           2 | Class A Shares          | C000050060                                | JTSAX                        |
|                           3 | Class R5 Shares         | C000050063                                | JTSIX                        |
|                           4 | Class R3 Shares         | C000169495                                | JTSPX                        |
|                           5 | Class I Shares          | C000050062                                | JTSSX                        |
|                           6 | Class R2 Shares         | C000070636                                | JTSZX                        |
|                           7 | Class R6 Shares         | C000148433                                | JTSYX                        |
|                           8 | Class R4 Shares         | C000169496                                | JTSQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 13**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 16**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 18**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Citigroup Global Markets Inc.

- **ii. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 21**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,116.37

**Brokers Record: 2**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,841.49

**Brokers Record: 3**

- **i. Full name of broker:** Flow Traders B.V.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300CLJI9XDH12XV51

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,662.64

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,763.39

**Brokers Record: 5**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,207.73

**Brokers Record: 6**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,198.32

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,934.97

**Brokers Record: 8**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,465.27

**Brokers Record: 9**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,391.53

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,562.15

**Aggregate Commission:** $81,900.56

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,124,366.57             |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $2,270,801.39             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $160,108.99               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,555,276.95

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,799,696,407.36

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| Undiscovered Managers Funds                             | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 25 - JPMorgan SmartRetirement Blend Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend Income Fund

- **b. Series identification number, if any:** S000037359

- **c. LEI:** 549300ILOYIKX4LBLI81

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R2 Shares         | C000115299                                | JIRBX                        |
|                           2 | Class R3 Shares         | C000186783                                | JITLX                        |
|                           3 | Class R4 Shares         | C000186784                                | JITKX                        |
|                           4 | Class R5 Shares         | C000115300                                | JIBBX                        |
|                           5 | Class I Shares          | C000115298                                | JIJSX                        |
|                           6 | Class R6 Shares         | C000115301                                | JIYBX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** Yes

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 3**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,576.85

**Brokers Record: 2**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,232.90

**Brokers Record: 3**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,129.45

**Brokers Record: 4**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,617.15

**Brokers Record: 5**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,932.70

**Brokers Record: 6**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,440.13

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,681.78

**Brokers Record: 8**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,953.95

**Brokers Record: 9**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,582.04

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,233.84

**Aggregate Commission:** $54,804.05

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Virtu Americas LLC                    | 8-68193           |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $7,239,350.58             |
| Barclays Capital, Inc.                | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $15,038,845.30            |
| BNP Paribas Securities Corp.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $6,112,962.83             |
| Wells Fargo Securities, LLC           | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $29,737,409.37            |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $5,397,732.67             |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $45,236,022.72            |
| Nomura Securities International, Inc. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $7,016,283.45             |
| BofA Securities, Inc.                 | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $17,525,614.98            |
| Goldman Sachs & Co. LLC               | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $28,480,413.37            |
| Citigroup Global Markets Inc.         | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $9,684,972.05             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $200,721,194.32

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $926,230,001.79

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 26 - JPMorgan SmartRetirement 2030 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2030 Fund

- **b. Series identification number, if any:** S000011875

- **c. LEI:** 549300EZCMXW7K0N0I07

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A Shares          | C000032449                                | JSMAX                        |
|                           2 | Class R6 Shares         | C000148428                                | JSMYX                        |
|                           3 | Class I Shares          | C000032451                                | JSMSX                        |
|                           4 | Class R5 Shares         | C000032452                                | JSMIX                        |
|                           5 | Class R4 Shares         | C000169486                                | JSMQX                        |
|                           6 | Class C Shares          | C000032450                                | JSMCX                        |
|                           7 | Class R2 Shares         | C000070631                                | JSMZX                        |
|                           8 | Class R3 Shares         | C000169485                                | JSMNX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 3**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,451.35

**Brokers Record: 2**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,964.34

**Brokers Record: 3**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,848.53

**Brokers Record: 4**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,854.89

**Brokers Record: 5**

- **i. Full name of broker:** Jane Street Execution Services, LLC

- **ii. SEC file number:** 8-69254

- **iii. CRD number:** 000167280

- **iv. LEI, if any:** 549300HXJLXCPDWAH070

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,736.73

**Brokers Record: 6**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,070.37

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,111.75

**Brokers Record: 8**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,843.08

**Brokers Record: 9**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,716.41

**Brokers Record: 10**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,310.82

**Aggregate Commission:** $108,891.85

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $4,040,983.64             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $200,267.17               |
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $3,058,924.06             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,300,174.87

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $4,157,622,203.51

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust IV                           | 811-23117         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 27 - JPMorgan SmartRetirement 2060 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2060 Fund

- **b. Series identification number, if any:** S000054775

- **c. LEI:** 549300CYNDTE16XRCF61

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000172119                                | JAKCX                        |
|                           2 | Class A Shares          | C000172118                                | JAKAX                        |
|                           3 | Class R5 Shares         | C000172121                                | JAKIX                        |
|                           4 | Class R3 Shares         | C000172123                                | JAKPX                        |
|                           5 | Class R2 Shares         | C000172122                                | JAKZX                        |
|                           6 | Class R6 Shares         | C000172125                                | JAKYX                        |
|                           7 | Class I Shares          | C000172120                                | JAKSX                        |
|                           8 | Class R4 Shares         | C000172124                                | JAKQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 3**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 17**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 26**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,772.08

**Brokers Record: 2**

- **i. Full name of broker:** Flow Traders B.V.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300CLJI9XDH12XV51

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,476.08

**Brokers Record: 3**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,166.42

**Brokers Record: 4**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,414.16

**Brokers Record: 5**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,909.57

**Brokers Record: 6**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,932.43

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,480.20

**Brokers Record: 8**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,477.46

**Brokers Record: 9**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,125.36

**Brokers Record: 10**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,348.59

**Aggregate Commission:** $32,410.61

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $616,317.50               |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $881,689.92               |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $80,112.50                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,578,119.92

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $771,818,465.65

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Income Builder Fund                            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 28 - JPMorgan Mid Cap Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Mid Cap Equity Fund

- **b. Series identification number, if any:** S000002793

- **c. LEI:** 549300WL3HEZWMQN2Y06

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000081076                                | JMCCX                        |
|                           2 | Class A Shares          | C000007895                                | JCMAX                        |
|                           3 | Class R6 Shares         | C000136842                                | JPPEX                        |
|                           4 | Class R2 Shares         | C000136840                                | JMCEX                        |
|                           5 | Class R5 Shares         | C000136841                                | JMEEX                        |
|                           6 | Class I Shares          | C000007650                                | VSNGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $9,141,576.14

- **g. Provide the net income from securities lending activities:** $302,743.18

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** J.P. Morgan Securities LLC

- **b. SEC file number:** 8-35008

- **c. CRD number:** 000000079

- **d. LEI, if any:** ZBUT11V806EZRVTWT807

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $121,947.79

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $78,105.03

**Brokers Record: 2**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,696.95

**Brokers Record: 3**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $180,545.24

**Brokers Record: 4**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $56,738.47

**Brokers Record: 5**

- **i. Full name of broker:** Cowen and Company

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $80,175.34

**Brokers Record: 6**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $79,449.63

**Brokers Record: 7**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $101,696.11

**Brokers Record: 8**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $125,132.20

**Brokers Record: 9**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $121,947.79

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $124,254.34

**Aggregate Commission:** $1,553,008.15

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC  | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $16,968,118.50            |
| Morgan Stanley & Co. LLC | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $3,893,940.45             |
| BofA Securities, Inc.    | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,028,070.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $22,890,128.95

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $5,081,553,399.62

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 29 - JPMorgan Diversified Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan Diversified Fund

- **b. Series identification number, if any:** S000002766

- **c. LEI:** 26JKWV9VE7AKN11JL078

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I Shares          | C000007574                                | JDVSX                        |
|                           2 | Class R6 Shares         | C000195232                                | JDVZX                        |
|                           3 | Class A Shares          | C000007576                                | JDVAX                        |
|                           4 | Class L Shares          | C000007575                                | JPDVX                        |
|                           5 | Class C Shares          | C000007578                                | JDVCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 10f-3 (17 CFR 270.10f-3)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** Yes

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** HSBC Bank (Vietnam) Ltd.

- **ii. LEI, if any:** 213800H95OG9OHRT4Y78

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** J.P. Morgan Bank International (Limited Liability Company)**

- **ii. LEI, if any:** 549300B831LSRSI6RA15

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Citibank NA-Buenos Aires

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** Privredna banka Zagreb d.d.

- **ii. LEI, if any:** 549300ZHFZ4CSK7VS460

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Citibank del Peru S.A.

- **ii. LEI, if any:** MYTK5NHHP1G8TVFGT193

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Citibank Maghreb S.A.

- **ii. LEI, if any:** 5493003FVWLMBFTISI11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Standard Chartered Bank Korea Limited

- **ii. LEI, if any:** NUXTG47HHHM1K2L0SG39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Cititrust Colombia S.A.

- **ii. LEI, if any:** 549300242J3IJCOSGI49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 23**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Bank Handlowy w. Warszawie S.A.

- **ii. LEI, if any:** XLEZHWWOI4HFQDGL4793

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** J.P. Morgan Saudi Arabia Company

- **ii. LEI, if any:** 549300HST49806XTCK29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia, a.s.

- **ii. LEI, if any:** KR6LSKV3BTSJRD41IF75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** HSBC Bank (China) Company Limited

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** J.P. Morgan S.A. DTVM

- **ii. LEI, if any:** 5493001LS7J56NZZ3G07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** Stanbic IBTC Bank Plc

- **ii. LEI, if any:** 029200098C3K8BI2D551

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** HSBC Bank Middle East Limited

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 43**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 44**

- **i. Full name:** The Standard Chartered Bank (Taiwan) Limited

- **ii. LEI, if any:** 549300QJEO1B92LSHZ06

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 46**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 47**

- **i. Full name:** Standard Chartered Bank Kenya Limited

- **ii. LEI, if any:** 549300RBHWW5EJIRG629

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 48**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 49**

- **i. Full name:** HSBC Bank Middle East Limited

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 50**

- **i. Full name:** HSBC Bank Malaysia Berhad

- **ii. LEI, if any:** P3RPN9OJFCXUPJWB1Q09

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 51**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 52**

- **i. Full name:** Bank Leumi le-Israel B.M.

- **ii. LEI, if any:** 7JDSZWRGUQY2DSTWCR57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 53**

- **i. Full name:** HSBC Bank Middle East Limited

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 54**

- **i. Full name:** Standard Chartered Bank (Pakistan) Limited

- **ii. LEI, if any:** 549300YTOMKUNPUTB551

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 55**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 56**

- **i. Full name:** Standard Chartered Bank (Thai) Public Company Limited

- **ii. LEI, if any:** 549300O1LQYCQ7G1IM57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 57**

- **i. Full name:** Banco Santander Chile

- **ii. LEI, if any:** 3YJP8HORPAEXJ80D6368

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 58**

- **i. Full name:** Citibank, N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 59**

- **i. Full name:** HSBC Bank Bermuda Limited

- **ii. LEI, if any:** 0W1U67PTV5WY3WYWKD79

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 60**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 61**

- **i. Full name:** Citibank A.S.

- **ii. LEI, if any:** CWZ8NZDH5SKY12Q4US31

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 62**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 63**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,602.26

**Brokers Record: 2**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,285.13

**Brokers Record: 3**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,617.25

**Brokers Record: 4**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,347.76

**Brokers Record: 5**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,022.95

**Brokers Record: 6**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,238.99

**Brokers Record: 7**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 8-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,019.10

**Brokers Record: 8**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,732.15

**Brokers Record: 9**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,022.96

**Brokers Record: 10**

- **i. Full name of broker:** Barclays Capital, Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,525.34

**Aggregate Commission:** $162,507.70

**Item C.17.a. Principal transaction counterparties.**

| Name                                | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Barclays Capital, Inc.              | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $9,593,570.03             |
| Jane Street Execution Services, LLC | 8-69254           |    000167280 | 549300HXJLXCPDWAH070 | NY      | US        | $5,839,183.29             |
| BofA Securities, Inc.               | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $8,132,359.37             |
| Goldman Sachs & Co. LLC             | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $18,133,606.30            |
| BNP Paribas Securities Corp.        | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $9,486,224.12             |
| Wells Fargo Securities, LLC         | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $53,137,151.44            |
| Citigroup Global Markets Inc.       | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $15,006,726.47            |
| Morgan Stanley & Co. LLC            | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $13,916,397.93            |
| Mizuho Securities USA LLC           | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $5,076,085.85             |
| Virtu Americas LLC                  | 8-68193           |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $13,868,997.24            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $171,667,500.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $468,287,849.01

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust I                            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 30 - JPMorgan SmartRetirement Blend 2045 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement Blend 2045 Fund

- **b. Series identification number, if any:** S000037369

- **c. LEI:** 549300HGSUTW6ZVKQ720

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R6 Shares         | C000115361                                | JMYAX                        |
|                           2 | Class R5 Shares         | C000115360                                | JMBRX                        |
|                           3 | Class R2 Shares         | C000115359                                | JNARX                        |
|                           4 | Class R4 Shares         | C000186798                                | JNTLX                        |
|                           5 | Class R3 Shares         | C000186797                                | JNTOX                        |
|                           6 | Class I Shares          | C000115358                                | JMSSX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 2**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,117.02

**Brokers Record: 2**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,036.08

**Brokers Record: 3**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,560.50

**Brokers Record: 4**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,525.74

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,119.58

**Brokers Record: 6**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,316.91

**Brokers Record: 7**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,122.38

**Brokers Record: 8**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,131.42

**Brokers Record: 9**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $741.30

**Brokers Record: 10**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,473.51

**Aggregate Commission:** $105,586.29

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $2,832,442.50             |
| Nomura Securities International, Inc. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $60,178.13                |
| BNP Paribas Securities Corp.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $100,128.91               |
| BMO Nesbitt Burns Securities Ltd.     | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $3,050,446.74             |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $320,425.00               |
| Wells Fargo Securities, LLC           | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $250,191.40               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,613,812.68

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,386,043,496.87

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| JPMorgan Institutional Trust                | 811-21638         |
| JPMorgan Trust IV                           | 811-23117         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Trust I                            | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 31 - JPMorgan SmartRetirement 2040 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2040 Fund

- **b. Series identification number, if any:** S000011876

- **c. LEI:** 549300FUD4TN9G6K7U44

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C Shares          | C000032454                                | SMTCX                        |
|                           2 | Class R2 Shares         | C000070632                                | SMTZX                        |
|                           3 | Class A Shares          | C000032453                                | SMTAX                        |
|                           4 | Class R6 Shares         | C000148429                                | SMTYX                        |
|                           5 | Class I Shares          | C000032455                                | SMTSX                        |
|                           6 | Class R3 Shares         | C000169488                                | SMTPX                        |
|                           7 | Class R4 Shares         | C000169487                                | SMTQX                        |
|                           8 | Class R5 Shares         | C000032456                                | SMTIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 4**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 13**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 15**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 20**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,871.41

**Brokers Record: 2**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,217.12

**Brokers Record: 3**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,622.51

**Brokers Record: 4**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,853.67

**Brokers Record: 5**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,021.63

**Brokers Record: 6**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,550.67

**Brokers Record: 7**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,961.93

**Brokers Record: 8**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,081.78

**Brokers Record: 9**

- **i. Full name of broker:** Jane Street Execution Services, LLC

- **ii. SEC file number:** 8-69254

- **iii. CRD number:** 000167280

- **iv. LEI, if any:** 549300HXJLXCPDWAH070

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,821.60

**Brokers Record: 10**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,476.69

**Aggregate Commission:** $107,279.79

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $3,784,199.35             |
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,881,806.24             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $190,256.64               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,856,262.23

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,929,136,921.29

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan SmartRetirement 2035 Fund                      | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |
| JPMorgan Trust I                            | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| JPMorgan Trust IV                           | 811-23117         |
| Undiscovered Managers Funds                 | 811-08437         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust II                           | 811-04236         |
| JPMorgan Institutional Trust                | 811-21638         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 32 - JPMorgan SmartRetirement 2035 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** JPMorgan SmartRetirement 2035 Fund

- **b. Series identification number, if any:** S000018066

- **c. LEI:** 549300FO6YOY2ZWHGU24

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A Shares          | C000050052                                | SRJAX                        |
|                           2 | Class R5 Shares         | C000050055                                | SRJIX                        |
|                           3 | Class C Shares          | C000050053                                | SRJCX                        |
|                           4 | Class R3 Shares         | C000169491                                | SRJPX                        |
|                           5 | Class R6 Shares         | C000148431                                | SRJYX                        |
|                           6 | Class R2 Shares         | C000070634                                | SRJZX                        |
|                           7 | Class I Shares          | C000050054                                | SRJSX                        |
|                           8 | Class R4 Shares         | C000169492                                | SRJQX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [x] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Citibank N.A.

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any:** 549300W78QHV4XMM6K69

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. SEC file number:** 801-21011

- **iii. CRD number:** 000107038

- **iv. LEI, if any:** 549300W78QHV4XMM6K69

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** SS&C GIDS, Inc.

- **ii. SEC file number:** 84-00448

- **iii. LEI, if any:** 21B7QCD05XOK0YTYOP98

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Banco Citi Mexico S.A.

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Goldman Sachs & Co. LLC

- **ii. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 11**

- **i. Full name:** Mizuho Bank, Ltd.

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** CACEIS Bank Spain, S.A.U.

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 22**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

**Custodians Record: 24**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** BofA Securities, Inc.

- **ii. LEI, if any:** 549300HN4UKV1E2R3U73

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 27**

- **i. Full name:** J.P. Morgan Bank Luxembourg S.A.

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** JPMorgan Distribution Services, Inc.

- **ii. LEI, if any:** 000104234

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** J.P. Morgan Investment Management Inc.

- **ii. LEI, if any, or other identifying number:** 549300W78QHV4XMM6K69

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Jane Street Execution Services, LLC

- **ii. SEC file number:** 8-69254

- **iii. CRD number:** 000167280

- **iv. LEI, if any:** 549300HXJLXCPDWAH070

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,836.09

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,717.70

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,843.71

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,501.61

**Brokers Record: 5**

- **i. Full name of broker:** Old Mission Markets LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,281.94

**Brokers Record: 6**

- **i. Full name of broker:** Citadel Securities LLC

- **ii. SEC file number:** 8-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,382.88

**Brokers Record: 7**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,050.70

**Brokers Record: 8**

- **i. Full name of broker:** Jane Street Capital, LLC

- **ii. SEC file number:** 8-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,063.09

**Brokers Record: 9**

- **i. Full name of broker:** Merrill Lynch, Pierce, Fenner & Smith Inc.

- **ii. SEC file number:** 8-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,105.01

**Brokers Record: 10**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,228.87

**Aggregate Commission:** $100,975.06

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| TD SECURITIES (USA) LLC           | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $60,030.47                |
| BMO Nesbitt Burns Securities Ltd. | 8-50538           |    000044057 | M3LKFDNSJGJ7TMLH6Z15 |  |  | $4,476,679.60             |
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,825,788.75             |
| Wells Fargo Securities, LLC       | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $180,239.85               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,542,738.67

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,850,143,493.74

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,500,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                            | SEC File number   |
|:---|:---|
| JPMorgan SmartRetirement Income Fund                    | 811-21295         |
| JPMorgan Emerging Markets Debt Fund                     | 811-21295         |
| JPMorgan U.S. Large Cap Core Plus Fund                  | 811-21295         |
| JPMorgan Research Market Neutral Fund                   | 811-21295         |
| JPMorgan Total Return Fund                              | 811-21295         |
| JPMorgan SmartRetirement Blend 2040 Fund                | 811-21295         |
| JPMorgan SmartRetirement 2020 Fund                      | 811-21295         |
| JPMorgan National Municipal Income Fund                 | 811-21295         |
| JPMorgan Investor Growth Fund                           | 811-04236         |
| JPMorgan New York Tax Free Bond Fund                    | 811-21295         |
| JPMorgan Large Cap Value Fund                           | 811-04236         |
| JPMorgan Managed Income Fund                            | 811-21295         |
| JPMorgan U.S. Sustainable Leaders Fund                  | 811-21295         |
| JPMorgan Hedged Equity 2 Fund                           | 811-23117         |
| JPMorgan SmartRetirement 2060 Fund                      | 811-21295         |
| JPMorgan Developed International Value Fund             | 811-21295         |
| JPMorgan SmartRetirement Blend 2050 Fund                | 811-21295         |
| JPMorgan SmartRetirement Blend 2035 Fund                | 811-21295         |
| JPMorgan Preferred and Income Securities Fund           | 811-23117         |
| JPMorgan Equity Premium Income Fund                     | 811-23117         |
| JPMorgan U.S. GARP Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2065 Fund                | 811-23117         |
| JPMorgan California Tax Free Bond Fund                  | 811-21295         |
| JPMorgan Core Bond Fund                                 | 811-04236         |
| JPMorgan Core Plus Bond ETF                             | 811-22903         |
| JPMorgan SmartRetirement Blend Income Fund              | 811-21295         |
| J.P. Morgan Fleming Mutual Fund Group, Inc.             | 811-08189         |
| JPMorgan Short-Intermediate Municipal Bond Fund         | 811-04236         |
| JPMorgan International Hedged Equity Fund               | 811-23117         |
| JPMorgan Value Advantage Fund                           | 811-21295         |
| JPMorgan Income Fund                                    | 811-21295         |
| JPMorgan Short Duration Core Plus Fund                  | 811-21295         |
| JPMorgan Emerging Markets Research Enhanced Equity Fund | 811-23117         |
| JPMorgan Equity Index Fund                              | 811-04236         |
| JPMorgan Short Duration Bond Fund                       | 811-04236         |
| JPMorgan U.S. Equity Fund                               | 811-21295         |
| JPMorgan SmartRetirement 2040 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2030 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2055 Fund                | 811-21295         |
| JPMorgan Income Builder Fund                            | 811-21295         |
| JPMorgan SmartRetirement 2055 Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2045 Fund                      | 811-21295         |
| JPMorgan SmartRetirement Blend 2020 Fund                | 811-21295         |
| JPMorgan Equity Income Fund                             | 811-04236         |
| JPMorgan U.S. Value Fund                                | 811-21295         |
| JPMorgan Core Plus Bond Fund                            | 811-04236         |
| JPMorgan Floating Rate Income Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2050 Fund                      | 811-21295         |
| JPMorgan Mid Cap Growth Fund                            | 811-04236         |
| JPMorgan U.S. Applied Data Science Value Fund           | 811-21295         |
| JPMorgan Global Allocation Fund                         | 811-21295         |
| JPMorgan Ultra-Short Municipal Fund                     | 811-23117         |
| JPMorgan Europe Dynamic Fund                            | 811-21295         |
| JPMorgan Investor Balanced Fund                         | 811-04236         |
| JPMorgan Strategic Income Opportunities Fund            | 811-21295         |
| JPMorgan U.S. Small Company Fund                        | 811-21295         |
| JPMorgan Hedged Equity Fund                             | 811-21295         |
| JPMorgan SMID Cap Equity Fund                           | 811-04236         |
| JPMorgan Global Bond Opportunities Fund                 | 811-21295         |
| JPMorgan International Bond Opportunities ETF           | 811-22903         |
| JPMorgan Small Cap Growth Fund                          | 811-04236         |
| JPMorgan SmartRetirement Blend 2060 Fund                | 811-21295         |
| JPMorgan Emerging Markets Equity Fund                   | 811-21295         |
| JPMorgan Income ETF                                     | 811-22903         |
| JPMorgan SmartRetirement Blend 2025 Fund                | 811-21295         |
| JPMorgan International Focus Fund                       | 811-21295         |
| JPMorgan Large Cap Growth Fund                          | 811-04236         |
| JPMorgan Small Cap Value Fund                           | 811-04236         |
| JPMorgan U.S. Research Enhanced Equity Fund             | 811-21295         |
| JPMorgan Government Bond Fund                           | 811-04236         |
| JPMorgan Investor Conservative Growth Fund              | 811-04236         |
| JPMorgan Ultra-Short Income ETF                         | 811-22903         |
| JPMorgan High Yield Fund                                | 811-04236         |
| JPMorgan SmartRetirement Blend 2030 Fund                | 811-21295         |
| Undiscovered Managers Funds                             | 811-08437         |
| JPMorgan Tax Aware Real Return Fund                     | 811-21295         |
| JPMorgan Small Cap Blend Fund                           | 811-21295         |
| JPMorgan Corporate Bond Fund                            | 811-21295         |
| JPMorgan Small Cap Equity Fund                          | 811-21295         |
| JPMorgan SmartRetirement Blend 2045 Fund                | 811-21295         |
| JPMorgan Hedged Equity 3 Fund                           | 811-23117         |
| JPMorgan International Equity Fund                      | 811-21295         |
| JPMorgan SmartRetirement 2065 Fund                      | 811-23117         |
| JPMorgan SmartRetirement 2025 Fund                      | 811-21295         |
| JPMorgan Tax Free Bond Fund                             | 811-04236         |
| JPMorgan Diversified Fund                               | 811-21295         |
| JPMorgan Institutional Trust                            | 811-21638         |
| J.P. Morgan Mutual Fund Investment Trust                | 811-05526         |
| JPMorgan Unconstrained Debt Fund                        | 811-21295         |
| JPMorgan Mid Cap Equity Fund                            | 811-21295         |
| JPMorgan Investor Growth & Income Fund                  | 811-04236         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $100,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                | SEC File number   |
|:---|:---|
| Undiscovered Managers Funds                 | 811-08437         |
| JPMorgan Trust I                            | 811-21295         |
| JPMorgan Trust IV                           | 811-23117         |
| JPMorgan Institutional Trust                | 811-21638         |
| J.P. Morgan Fleming Mutual Fund Group, Inc. | 811-08189         |
| J.P. Morgan Exchange-Traded Fund Trust      | 811-22903         |
| JPMorgan Trust II                           | 811-04236         |
| J.P. Morgan Mutual Fund Investment Trust    | 811-05526         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** JPMorgan Trust I

**Date:** 2025-09-12

**Signature:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer