# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-066041
**Filing Date:** 2023-3
**Character Count:** 57367
**Document Hash:** aa2113fe61bf2387dd0782385544b496
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066041.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066041

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 23761610

**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 Emerging Markets Equity Fund (Series ID: S000002615)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007191 | Class I      | JEMSX           |
| C000007192 | Class L      | JMIEX           |
| C000007193 | Class A      | JFAMX           |
| C000017326 | Class C      | JEMCX           |
| C000134566 | Class R6     | JEMWX           |
| C000173218 | Class R5     | JEMOX           |
| C000190873 | Class R2     | JHUJX           |
| C000190874 | Class R3     | JHURX           |
| C000190875 | Class R4     | JHUKX           |

## Nport-Ex

**JPMorgan Emerging Markets Equity Fund**

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

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2023. |

---

------

**JPMorgan Emerging Markets Equity Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE** <br>**($000)**<br>|
| **Common Stocks — 97.3%** | **Common Stocks — 97.3%** | **Common Stocks — 97.3%** |
| **Brazil — 5.9%** | **Brazil — 5.9%** | **Brazil — 5.9%** |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | 6123 | 15644 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | 217 | 256506 |
| &nbsp;&nbsp;&nbsp; NU Holdings Ltd., Class A \* | 18612 | 86547 |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | 16503 | 81110 |
| &nbsp;&nbsp;&nbsp; XP, Inc., Class A \* | 4331 | 77170 |
|  |  | &nbsp;&nbsp;&nbsp; 516977 |
| **China — 27.8%** | **China — 27.8%** | **China — 27.8%** |
| &nbsp;&nbsp;&nbsp; Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A | 14190 | 78211 |
| &nbsp;&nbsp;&nbsp; Budweiser Brewing Co. APAC Ltd. (a) | 31113 | 98170 |
| &nbsp;&nbsp;&nbsp; Dada Nexus Ltd., ADR \* | 3380 | 43970 |
| &nbsp;&nbsp;&nbsp; Foshan Haitian Flavouring & Food Co. Ltd., Class A | 8013 | 94435 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp; 10248 | &nbsp;&nbsp;&nbsp;&nbsp; 59407 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 1147 | &nbsp;&nbsp;&nbsp;&nbsp; 68290 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 7647 | &nbsp;&nbsp;&nbsp; 227083 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengli Hydraulic Co. Ltd., Class A | &nbsp;&nbsp;&nbsp; 12957 | &nbsp;&nbsp;&nbsp; 125827 |
| &nbsp;&nbsp;&nbsp; Kingdee International Software Group Co. Ltd. \* | &nbsp;&nbsp;&nbsp; 25120 | &nbsp;&nbsp;&nbsp;&nbsp; 54825 |
| &nbsp;&nbsp;&nbsp; Meituan \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 5035 | &nbsp;&nbsp;&nbsp; 112567 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 3160 | &nbsp;&nbsp;&nbsp;&nbsp; 25940 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8069 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5964 | &nbsp;&nbsp;&nbsp; 105811 |
| &nbsp;&nbsp;&nbsp; Pharmaron Beijing Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2167 | &nbsp;&nbsp;&nbsp;&nbsp; 23882 |
| &nbsp;&nbsp;&nbsp; Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1861 | &nbsp;&nbsp;&nbsp;&nbsp; 92029 |
| &nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp;&nbsp; 10123 | &nbsp;&nbsp;&nbsp; 127484 |
| &nbsp;&nbsp;&nbsp; Silergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 7535 | &nbsp;&nbsp;&nbsp; 153333 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6853 | &nbsp;&nbsp;&nbsp; 333929 |
| &nbsp;&nbsp;&nbsp; Wanhua Chemical Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 8493 | &nbsp;&nbsp;&nbsp; 121883 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 4498 | &nbsp;&nbsp;&nbsp; 140009 |
| &nbsp;&nbsp;&nbsp; WuXi AppTec Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 5627 | &nbsp;&nbsp;&nbsp;&nbsp; 78179 |
| &nbsp;&nbsp;&nbsp; Wuxi Biologics Cayman, Inc. \* (a) | &nbsp;&nbsp;&nbsp; 14129 | &nbsp;&nbsp;&nbsp; 117987 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2099 | &nbsp;&nbsp;&nbsp; 129302 |
|  |  | 2420622 |
| **Hong Kong — 6.1%** | **Hong Kong — 6.1%** | **Hong Kong — 6.1%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9011 |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp; 20095 | &nbsp;&nbsp;&nbsp; 227232 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834 | &nbsp;&nbsp;&nbsp;&nbsp; 37498 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 6925 | &nbsp;&nbsp;&nbsp; 115054 |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp; 11004 | &nbsp;&nbsp;&nbsp; 141874 |
|  |  | &nbsp;&nbsp;&nbsp; 530669 |
| **India — 20.4%** | **India — 20.4%** | **India — 20.4%** |
| &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1377 | &nbsp;&nbsp;&nbsp;&nbsp; 71857 |
| &nbsp;&nbsp;&nbsp; Asian Paints Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1252 | &nbsp;&nbsp;&nbsp;&nbsp; 41827 |
| &nbsp;&nbsp;&nbsp; Britannia Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1042 | &nbsp;&nbsp;&nbsp;&nbsp; 55064 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd. | &nbsp;&nbsp;&nbsp; 12838 | &nbsp;&nbsp;&nbsp; 252640 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 2433 | &nbsp;&nbsp;&nbsp; 163912 |
| &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp; 16188 | &nbsp;&nbsp;&nbsp; 114719 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3140 | &nbsp;&nbsp;&nbsp;&nbsp; 99061 |

---

------

**JPMorgan Emerging Markets Equity Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Housing Development Finance Corp. Ltd. | 7499 | 241396 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | 3020 | 56874 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd., ADR | 6211 | 116769 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | 13094 | 56510 |
| &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. | 7869 | 167065 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | 5446 | 157104 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | 4418 | 182355 |
|  |  | 1777153 |
| **Indonesia — 3.8%** | **Indonesia — 3.8%** | **Indonesia — 3.8%** |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | 298818 | 169582 |
| &nbsp;&nbsp;&nbsp; Bank Rakyat Indonesia Persero Tbk. PT | 545404 | 167258 |
|  |  | &nbsp;&nbsp;&nbsp; 336840 |
| **Macau — 0.9%** | **Macau — 0.9%** | **Macau — 0.9%** |
| &nbsp;&nbsp;&nbsp; Sands China Ltd. \* | &nbsp;&nbsp; 21541 | &nbsp;&nbsp;&nbsp;&nbsp; 80780 |
| **Mexico — 3.3%** | **Mexico — 3.3%** | **Mexico — 3.3%** |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp; 14113 | &nbsp;&nbsp;&nbsp; 116913 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp; 42998 | &nbsp;&nbsp;&nbsp; 167947 |
|  |  | &nbsp;&nbsp;&nbsp; 284860 |
| **Panama — 0.9%** | **Panama — 0.9%** | **Panama — 0.9%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853 | &nbsp;&nbsp;&nbsp;&nbsp; 78570 |
| **Portugal — 1.2%** | **Portugal — 1.2%** | **Portugal — 1.2%** |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 4685 | &nbsp;&nbsp;&nbsp; 101714 |
| **South Africa — 2.7%** | **South Africa — 2.7%** | **South Africa — 2.7%** |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3350 | &nbsp;&nbsp;&nbsp;&nbsp; 69019 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564 | &nbsp;&nbsp;&nbsp;&nbsp; 58260 |
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp; 28286 | &nbsp;&nbsp;&nbsp; 105099 |
|  |  | &nbsp;&nbsp;&nbsp; 232378 |
| **South Korea — 8.1%** | **South Korea — 8.1%** | **South Korea — 8.1%** |
| &nbsp;&nbsp;&nbsp; Delivery Hero SE \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820 | &nbsp;&nbsp;&nbsp;&nbsp; 49591 |
| &nbsp;&nbsp;&nbsp; LG Chem Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 97956 |
| &nbsp;&nbsp;&nbsp; NCSoft Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; 46939 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp; 10319 | &nbsp;&nbsp;&nbsp; 513973 |
|  |  | &nbsp;&nbsp;&nbsp; 708459 |
| **Taiwan — 12.6%** | **Taiwan — 12.6%** | **Taiwan — 12.6%** |
| &nbsp;&nbsp;&nbsp; Chailease Holding Co. Ltd. | &nbsp;&nbsp; 16539 | &nbsp;&nbsp;&nbsp; 124641 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp; 10754 | &nbsp;&nbsp;&nbsp; 104287 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4736 | &nbsp;&nbsp;&nbsp;&nbsp; 50859 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 7877 | &nbsp;&nbsp;&nbsp; 730448 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5043 | &nbsp;&nbsp;&nbsp;&nbsp; 88993 |
|  |  | 1099228 |
| **United States — 3.6%** | **United States — 3.6%** | **United States — 3.6%** |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp; 125866 |
| &nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362 | &nbsp;&nbsp;&nbsp; 100130 |

---

------

**JPMorgan Emerging Markets Equity Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Globant SA \* | 245 | 39755 |
| &nbsp;&nbsp;&nbsp; JS Global Lifestyle Co. Ltd. (a) | 40451 | 48916 |
|  |  | &nbsp;&nbsp;&nbsp; 314667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $6,923,022)<br>|  | 8482917 |
| **Short-Term Investments — 2.5%** | **Short-Term Investments — 2.5%** | **Short-Term Investments — 2.5%** |
| **Investment Companies — 2.5%** | **Investment Companies — 2.5%** | **Investment Companies — 2.5%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 4.45% (b) (c)(Cost $216,807) | 216679 | 216809 |
| **Total Investments — 99.8%** <br>**(Cost $7,139,829)**<br>|  | **8699726** |
| **Other Assets Less Liabilities — 0.2%** |  | **13355** |
| **NET ASSETS — 100.0%** |  | **8713081** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| APAC | Asia Pacific |
| PT | Limited liability company |
| SGPS | Holding company |

---

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

\* Non-income producing security. 

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

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

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

------

**JPMorgan Emerging Markets Equity Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 13.6% |
| Semiconductors & Semiconductor Equipment | 11.8 |
| Internet & Direct Marketing Retail | &nbsp;&nbsp; 8.7 |
| IT Services | &nbsp;&nbsp; 6.0 |
| Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; 5.9 |
| Diversified Financial Services | &nbsp;&nbsp; 5.4 |
| Insurance | &nbsp;&nbsp; 5.4 |
| Food & Staples Retailing | &nbsp;&nbsp; 4.8 |
| Interactive Media & Services | &nbsp;&nbsp; 3.8 |
| Machinery | &nbsp;&nbsp; 3.1 |
| Chemicals | &nbsp;&nbsp; 3.0 |
| Beverages | &nbsp;&nbsp; 2.7 |
| Life Sciences Tools & Services | &nbsp;&nbsp; 2.5 |
| Hotels, Restaurants & Leisure | &nbsp;&nbsp; 2.4 |
| Personal Products | &nbsp;&nbsp; 2.3 |
| Entertainment | &nbsp;&nbsp; 1.8 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 1.8 |
| Food Products | &nbsp;&nbsp; 1.7 |
| Capital Markets | &nbsp;&nbsp; 1.5 |
| Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; 1.5 |
| Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 1.2 |
| Health Care Equipment & Supplies | &nbsp;&nbsp; 1.1 |
| Others (each less than 1.0%) | &nbsp;&nbsp; 5.5 |
| Short-Term Investments | &nbsp;&nbsp; 2.5 |

---

------

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

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

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

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

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

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | $516977 | $— | $— | $516977 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 249631 | &nbsp;&nbsp; 2170991 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2420622 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 530669 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 530669 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 280681 | &nbsp;&nbsp; 1496472 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1777153 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 336840 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 336840 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80780 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80780 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 284860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 284860 |
| &nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78570 |

---

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Portugal | $— | $101714 | $— | $101714 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69019 | &nbsp;&nbsp;&nbsp;&nbsp; 163359 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 232378 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 708459 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 708459 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; 730448 | &nbsp;&nbsp;&nbsp;&nbsp; 368780 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1099228 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 265751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48916 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 314667 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp; 2475937 | &nbsp;&nbsp; 6006980 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8482917 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 216809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 216809 |
| **Total Investments in Securities** | $2692746 | $6006980 | $— | $8699726 |

---

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class Institutional Shares, 4.45% (a) (b)<br>| $113774 | $514032 | $411011 | $12 | $2 | $216809 | 216679 | $636 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 4.57% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6999 | &nbsp;&nbsp;&nbsp;&nbsp; 11022 | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund <br> Class IM Shares, 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8539 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp; — |
| **Total** | $118567 | $528799 | $430572 | $15 | $— | $216809 |  | $659 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of January 31, 2023.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000002615

- **c. LEI of Series:** YGO3SVACG8PL3FXK2G86

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $8737517307.23

**Total Liabilities:** $43165827.23

**Net Assets:** $8694351480.00

**Cash Not Reported:** $111024322.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190874 | 17.58%               | -2.63%               | 10.02%               |
| Class ID C000007192 | 17.61%               | -2.58%               | 10.05%               |
| Class ID C000134566 | 17.62%               | -2.58%               | 10.07%               |
| Class ID C000017326 | 17.53%               | -2.65%               | 9.96%                |
| Class ID C000190873 | 17.54%               | -2.64%               | 10.01%               |
| Class ID C000190875 | 17.59%               | -2.60%               | 10.06%               |
| Class ID C000173218 | 17.62%               | -2.59%               | 10.06%               |
| Class ID C000007193 | 17.57%               | -2.61%               | 10.01%               |
| Class ID C000007191 | 17.61%               | -2.59%               | 10.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-62352728.11            | $1272068823.84                             |
| Month 2  | $-34141237.95            | $-184425746.65                             |
| Month 3  | $18220451.12             | $755688862.61                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                   | Title                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JS Global Lifestyle Co. Ltd.                           | JS Global Lifestyle Co. Ltd.                                    | CUSIP: N/A<br>LEI: 254900YP54EOBADL7333       | Long             | EC               | CORP              | KY        |  40450866 | NS      | $48916307.77  | 0.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                       | JPMorgan Prime Money Market Fund, Class Institutional           | CUSIP: 4812A2603<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        | 216678599 | NS      | $216808606.53 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.            | Taiwan Semiconductor Manufacturing Co. Ltd.                     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   7877147 | NS      | $730447841.31 | 8.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd.                                       | NU Holdings Ltd., Class A                                       | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |   5293552 | NS      | $24615016.80  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                       | Copa Holdings SA, Class A                                       | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     39000 | NS      | $3591120.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co. Ltd.                      | Jiangsu Hengli Hydraulic Co. Ltd., Class A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |  12957191 | NS      | $125827536.55 | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                         | Techtronic Industries Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   1219500 | NS      | $15721528.86  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                | Meituan                                                         | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |   5035218 | NS      | $112566722.96 | 1.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                               | Jeronimo Martins SGPS SA                                        | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |   4684969 | NS      | $101714077.12 | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                               | Wuliangye Yibin Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   4498211 | NS      | $140008805.20 | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Chailease Holding Co. Ltd.                             | Chailease Holding Co. Ltd.                                      | CUSIP: N/A<br>LEI: 529900L76E6T0JCM3J27       | Long             | EC               | CORP              | KY        |  16539137 | NS      | $124641249.98 | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd.                                           | LG Chem Ltd.                                                    | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |    173557 | NS      | $97956135.09  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                             | Capitec Bank Holdings Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    564063 | NS      | $58259970.89  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd.                                         | FirstRand Ltd.                                                  | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |  28285910 | NS      | $105099082.80 | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                       | Raia Drogasil SA                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |  16502578 | NS      | $81110123.73  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Budweiser Brewing Co. APAC Ltd.                        | Budweiser Brewing Co. APAC Ltd.                                 | CUSIP: N/A<br>LEI: 549300YF1MR4GTF18132       | Long             | EC               | CORP              | KY        |  31112700 | NS      | $98170526.56  | 1.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JD.com, Inc.                                           | JD.com, Inc., Class A                                           | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |   7647590 | NS      | $227082763.08 | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Britannia Industries Ltd.                              | Britannia Industries Ltd.                                       | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |   1041888 | NS      | $55064248.55  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                               | XP, Inc., Class A                                               | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |   4301780 | NS      | $76657719.60  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                       | Delivery Hero SE                                                | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |    820266 | NS      | $49590710.69  | 0.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.            | Taiwan Semiconductor Manufacturing Co. Ltd.                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   5043000 | NS      | $88992798.26  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wanhua Chemical Group Co. Ltd.                         | Wanhua Chemical Group Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 3003002H0G2KDG6CR124       | Long             | EC               | CORP              | CN        |   8493000 | NS      | $121882857.71 | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd.                                       | NU Holdings Ltd., Class A                                       | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |  13318647 | NS      | $61931708.55  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential plc                                         | Prudential plc                                                  | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |   6924649 | NS      | $115053540.86 | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                           | Infosys Ltd.                                                    | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |   6211131 | NS      | $116769262.80 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                                     | EPAM Systems, Inc.                                              | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    378373 | NS      | $125865778.45 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                           | HDFC Life Insurance Co. Ltd.                                    | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |  16187882 | NS      | $114718450.35 | 1.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                              | Bank Central Asia Tbk. PT                                       | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        | 298818400 | NS      | $169582168.39 | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                         | HDFC Bank Ltd.                                                  | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |  12838273 | NS      | $252639814.47 | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                            | Realtek Semiconductor Corp.                                     | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |   4736000 | NS      | $50859377.32  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                               | ITC Ltd.                                                        | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |  13094237 | NS      | $56509752.22  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                           | Wal-Mart de Mexico SAB de CV                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |  42998376 | NS      | $167947242.76 | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| XP, Inc.                                               | XP, Inc., Class A                                               | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     28735 | NS      | $512057.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                  | Bank Rakyat Indonesia Persero Tbk. PT                           | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        | 545403771 | NS      | $167257850.61 | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                            | Wuxi Biologics Cayman, Inc.                                     | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |  14129500 | NS      | $117987091.24 | 1.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                  | Tencent Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   6852800 | NS      | $333929539.64 | 3.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp. Ltd.                 | Housing Development Finance Corp. Ltd.                          | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64       | Long             | EC               | CORP              | IN        |   7498534 | NS      | $241396083.73 | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                               | Yum China Holdings, Inc.                                        | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |   2098718 | NS      | $129302015.98 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhou International Group Holdings Ltd.             | Shenzhou International Group Holdings Ltd.                      | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | KY        |  10122900 | NS      | $127483940.74 | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                          | NetEase, Inc.                                                   | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |   5963815 | NS      | $105810710.95 | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co. Ltd.                                   | Midea Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |   3159974 | NS      | $25939926.01  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                               | Kotak Mahindra Bank Ltd.                                        | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |   7868804 | NS      | $167064854.08 | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                    | Hong Kong Exchanges & Clearing Ltd.                             | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |    833700 | NS      | $37497817.32  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdee International Software Group Co. Ltd.          | Kingdee International Software Group Co. Ltd.                   | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | KY        |  25120000 | NS      | $54824683.06  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                       | Apollo Hospitals Enterprise Ltd.                                | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |   1376977 | NS      | $71857398.09  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                         | AIA Group Ltd.                                                  | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    794600 | NS      | $9011494.59   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co. Ltd.                    | Fuyao Glass Industry Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |  10248300 | NS      | $59407050.09  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                             | Globant SA                                                      | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Long             | EC               | CORP              | LU        |    245131 | NS      | $39755345.58  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dada Nexus Ltd.                                        | Dada Nexus Ltd.                                                 | CUSIP: 23344D108<br>LEI: 655600D3KK4AC093RT71 | Long             | EC               | CORP              | KY        |   3379713 | NS      | $43970066.13  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                               | Reliance Industries Ltd.                                        | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |   5446042 | NS      | $157104209.50 | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.                         | Tata Consultancy Services Ltd.                                  | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |   4418202 | NS      | $182355429.89 | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Silergy Corp.                                          | Silergy Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   7535000 | NS      | $153333163.51 | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                         | HDFC Bank Ltd.                                                  | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |   2433366 | NS      | $163911533.76 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharmaron Beijing Co. Ltd.                             | Pharmaron Beijing Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 300300JYXHGVS5SNGG54       | Long             | EC               | CORP              | CN        |   2166850 | NS      | $23881831.77  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                | Hindustan Unilever Ltd.                                         | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |   3139761 | NS      | $99060625.27  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Estee Lauder Cos., Inc. (The)                          | Estee Lauder Cos., Inc. (The), Class A                          | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    361375 | NS      | $100129785.00 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics, Inc.                                | Delta Electronics, Inc.                                         | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |  10754000 | NS      | $104286564.75 | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                       | Sands China Ltd.                                                | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |  21540800 | NS      | $80779863.09  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Oriental Yuhong Waterproof Technology Co. Ltd. | Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A | CUSIP: N/A<br>LEI: 300300XMIXB7STDZWT60       | Long             | EC               | CORP              | CN        |  14189805 | NS      | $78210712.50  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co. Ltd.              | Foshan Haitian Flavouring & Food Co. Ltd., Class A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   8013097 | NS      | $94435449.48  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                         | Techtronic Industries Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   9785500 | NS      | $126152538.47 | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                         | AIA Group Ltd.                                                  | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |  20095400 | NS      | $227231710.50 | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Bid Corp. Ltd.                                         | Bid Corp. Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |   3349871 | NS      | $69018893.88  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                     | MercadoLibre, Inc.                                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |    217067 | NS      | $256505903.23 | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd.      | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1860890 | NS      | $92028680.04  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co. Ltd.                                   | WuXi AppTec Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |   5626665 | NS      | $78178729.03  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                          | NetEase, Inc.                                                   | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     91063 | NS      | $8069092.43   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                           | JD.com, Inc.                                                    | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |   1147163 | NS      | $68290613.39  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                            | B3 SA - Brasil Bolsa Balcao                                     | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |   6122997 | NS      | $15644321.87  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd.                                      | Asian Paints Ltd.                                               | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |   1252515 | NS      | $41827050.82  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                     | Grupo Financiero Banorte SAB de CV, Class O                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |  14112382 | NS      | $116913071.45 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                           | Infosys Ltd.                                                    | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |   3019547 | NS      | $56874087.48  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp.                                           | NCSoft Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    126817 | NS      | $46938949.81  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                                       | Copa Holdings SA, Class A                                       | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |    814285 | NS      | $74979362.80  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                           | Samsung Electronics Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |  10318629 | NS      | $513973528.26 | 5.91%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer