# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-066042
**Filing Date:** 2023-3
**Character Count:** 51898
**Document Hash:** 149e3b7156019f9a1ee6b5c53f0c1e01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066042.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066042

**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:** 23761613

**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 Opportunistic Equity Long/Short Fund (Series ID: S000046345)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144853 | Class R6     | JOERX           |
| C000144854 | Class A      | JOELX           |
| C000144855 | Class C      | JOECX           |
| C000144856 | Class I      | JOEQX           |

## Nport-Ex

**JPMorgan Opportunistic Equity Long/Short 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 Opportunistic Equity Long/Short 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>|
| **Long Positions — 97.9%** | **Long Positions — 97.9%** | **Long Positions — 97.9%** |
| **Common Stocks — 63.0%** | **Common Stocks — 63.0%** | **Common Stocks — 63.0%** |
| **Automobiles — 9.3%** | **Automobiles — 9.3%** | **Automobiles — 9.3%** |
| &nbsp;&nbsp;&nbsp; NIO, Inc., ADR (China) \* | 1385 | 16714 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc. \* | 108 | 18757 |
|  |  | &nbsp;&nbsp; 35471 |
| **Diversified Financial Services — 2.1%** | **Diversified Financial Services — 2.1%** | **Diversified Financial Services — 2.1%** |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., Class B \* (a) | 26 | 8118 |
| **Electric Utilities — 13.2%** | **Electric Utilities — 13.2%** | **Electric Utilities — 13.2%** |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. (a) | 345 | 25774 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. \* | 1561 | 24818 |
|  |  | &nbsp;&nbsp; 50592 |
| **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 7212 |
| **Health Care Providers & Services — 9.9%** | **Health Care Providers & Services — 9.9%** | **Health Care Providers & Services — 9.9%** |
| &nbsp;&nbsp;&nbsp; Humana, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 7637 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp; 30266 |
|  |  | &nbsp;&nbsp; 37903 |
| **Hotels, Restaurants & Leisure — 2.1%** | **Hotels, Restaurants & Leisure — 2.1%** | **Hotels, Restaurants & Leisure — 2.1%** |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp; 1591 |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 4144 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 1638 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. (China) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8031 |
| **Internet & Direct Marketing Retail — 0.6%** | **Internet & Direct Marketing Retail — 0.6%** | **Internet & Direct Marketing Retail — 0.6%** |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., ADR (China) \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., ADR (China) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 1261 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2223 |
| **IT Services — 4.9%** | **IT Services — 4.9%** | **IT Services — 4.9%** |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177 | &nbsp;&nbsp; 18899 |
| **Oil, Gas & Consumable Fuels — 3.1%** | **Oil, Gas & Consumable Fuels — 3.1%** | **Oil, Gas & Consumable Fuels — 3.1%** |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp; 12036 |
| **Semiconductors & Semiconductor Equipment — 8.1%** | **Semiconductors & Semiconductor Equipment — 8.1%** | **Semiconductors & Semiconductor Equipment — 8.1%** |
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV (China) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp; 19116 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp; 11873 |
|  |  | &nbsp;&nbsp; 30989 |
| **Software — 1.1%** | **Software — 1.1%** | **Software — 1.1%** |
| &nbsp;&nbsp;&nbsp; Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 4404 |
| **Specialty Retail — 1.2%** | **Specialty Retail — 1.2%** | **Specialty Retail — 1.2%** |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 2395 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 2271 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4666 |
| **Technology Hardware, Storage & Peripherals — 5.1%** | **Technology Hardware, Storage & Peripherals — 5.1%** | **Technology Hardware, Storage & Peripherals — 5.1%** |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289 | &nbsp;&nbsp; 19562 |

---

------

**JPMorgan Opportunistic Equity Long/Short 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>|
| **Long Positions — continued** | **Long Positions — continued** | **Long Positions — continued** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |
| &nbsp;&nbsp;&nbsp; NIKE, Inc., Class B | 12 | 1493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $220,692)<br>|  | 241599 |
| **Exchange-Traded Funds — 5.4%** | **Exchange-Traded Funds — 5.4%** | **Exchange-Traded Funds — 5.4%** |
| **Exchange-Traded Fund — 5.4%** | **Exchange-Traded Fund — 5.4%** | **Exchange-Traded Fund — 5.4%** |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust(Cost $19,175) | 50 | 20539 |
| **Short-Term Investments — 29.5%** | **Short-Term Investments — 29.5%** | **Short-Term Investments — 29.5%** |
| **Investment Companies — 29.5%** | **Investment Companies — 29.5%** | **Investment Companies — 29.5%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 4.45% (b) (c)(Cost $113,191) | 113176 | 113244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Long Positions <br>(Cost $353,058)<br>|  | 375382 |
| **Short Positions — (33.5)%** | **Short Positions — (33.5)%** | **Short Positions — (33.5)%** |
| **Common Stocks — (28.3)%** | **Common Stocks — (28.3)%** | **Common Stocks — (28.3)%** |
| **Air Freight & Logistics — (1.0)%** | **Air Freight & Logistics — (1.0)%** | **Air Freight & Logistics — (1.0)%** |
| &nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39) | &nbsp;&nbsp;&nbsp; (3889) |
| **Beverages — (0.3)%** | **Beverages — (0.3)%** | **Beverages — (0.3)%** |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15) | &nbsp;&nbsp;&nbsp; (1013) |
| **Building Products — (1.2)%** | **Building Products — (1.2)%** | **Building Products — (1.2)%** |
| &nbsp;&nbsp;&nbsp; Masco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (85) | &nbsp;&nbsp;&nbsp; (4519) |
| **Consumer Finance — (1.6)%** | **Consumer Finance — (1.6)%** | **Consumer Finance — (1.6)%** |
| &nbsp;&nbsp;&nbsp; Ally Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (194) | &nbsp;&nbsp;&nbsp; (6307) |
| **Electrical Equipment — (0.4)%** | **Electrical Equipment — (0.4)%** | **Electrical Equipment — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp; (1369) |
| **Entertainment — (0.8)%** | **Entertainment — (0.8)%** | **Entertainment — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Roku, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57) | &nbsp;&nbsp;&nbsp; (3262) |
| **Equity Real Estate Investment Trusts (REITs) — (0.8)%** | **Equity Real Estate Investment Trusts (REITs) — (0.8)%** | **Equity Real Estate Investment Trusts (REITs) — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Boston Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15) | &nbsp;&nbsp;&nbsp; (1150) |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66) | &nbsp;&nbsp;&nbsp; (1237) |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18) | &nbsp;&nbsp;&nbsp;&nbsp; (722) |
|  |  | &nbsp;&nbsp;&nbsp; (3109) |
| **Food & Staples Retailing — (0.4)%** | **Food & Staples Retailing — (0.4)%** | **Food & Staples Retailing — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (38) | &nbsp;&nbsp;&nbsp; (1389) |
| **Food Products — (0.8)%** | **Food Products — (0.8)%** | **Food Products — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Campbell Soup Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16) | &nbsp;&nbsp;&nbsp;&nbsp; (818) |
| &nbsp;&nbsp;&nbsp; General Mills, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20) | &nbsp;&nbsp;&nbsp; (1613) |
| &nbsp;&nbsp;&nbsp; Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp; (829) |
|  |  | &nbsp;&nbsp;&nbsp; (3260) |
| **Health Care Equipment & Supplies — (1.7)%** | **Health Care Equipment & Supplies — (1.7)%** | **Health Care Equipment & Supplies — (1.7)%** |
| &nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87) | &nbsp;&nbsp;&nbsp; (6641) |

---

------

**JPMorgan Opportunistic Equity Long/Short Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Short Positions — continued** | **Short Positions — continued** | **Short Positions — continued** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Household Durables — (0.7)%** | **Household Durables — (0.7)%** | **Household Durables — (0.7)%** |
| &nbsp;&nbsp;&nbsp; Mohawk Industries, Inc. \* | (10) | (1263) |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | (88) | (1401) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2664) |
| **Household Products — (0.4)%** | **Household Products — (0.4)%** | **Household Products — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | (11) | (1378) |
| **IT Services — (1.0)%** | **IT Services — (1.0)%** | **IT Services — (1.0)%** |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc., Class A \* | (74) | (3917) |
| **Life Sciences Tools & Services — (0.8)%** | **Life Sciences Tools & Services — (0.8)%** | **Life Sciences Tools & Services — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | (5) | (2962) |
| **Machinery — (0.4)%** | **Machinery — (0.4)%** | **Machinery — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp; (1403) |
| **Media — (0.8)%** | **Media — (0.8)%** | **Media — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Paramount Global, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (139) | &nbsp;&nbsp;&nbsp;&nbsp; (3218) |
| **Pharmaceuticals — (0.2)%** | **Pharmaceuticals — (0.2)%** | **Pharmaceuticals — (0.2)%** |
| &nbsp;&nbsp;&nbsp; Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (745) |
| **Road & Rail — (2.1)%** | **Road & Rail — (2.1)%** | **Road & Rail — (2.1)%** |
| &nbsp;&nbsp;&nbsp; Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22) | &nbsp;&nbsp;&nbsp;&nbsp; (7196) |
| &nbsp;&nbsp;&nbsp; RXO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (47) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (869) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (8065) |
| **Semiconductors & Semiconductor Equipment — (4.3)%** | **Semiconductors & Semiconductor Equipment — (4.3)%** | **Semiconductors & Semiconductor Equipment — (4.3)%** |
| &nbsp;&nbsp;&nbsp; Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (113) | &nbsp;&nbsp; (12636) |
| &nbsp;&nbsp;&nbsp; Intel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (133) | &nbsp;&nbsp;&nbsp;&nbsp; (3741) |
|  |  | &nbsp;&nbsp; (16377) |
| **Software — (0.2)%** | **Software — (0.2)%** | **Software — (0.2)%** |
| &nbsp;&nbsp;&nbsp; Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (654) |
| **Specialty Retail — (4.3)%** | **Specialty Retail — (4.3)%** | **Specialty Retail — (4.3)%** |
| &nbsp;&nbsp;&nbsp; CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (207) | &nbsp;&nbsp; (14539) |
| &nbsp;&nbsp;&nbsp; Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26) | &nbsp;&nbsp;&nbsp;&nbsp; (2019) |
|  |  | &nbsp;&nbsp; (16558) |
| **Technology Hardware, Storage & Peripherals — (2.1)%** | **Technology Hardware, Storage & Peripherals — (2.1)%** | **Technology Hardware, Storage & Peripherals — (2.1)%** |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37) | &nbsp;&nbsp;&nbsp;&nbsp; (5350) |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121) | &nbsp;&nbsp;&nbsp;&nbsp; (1946) |
| &nbsp;&nbsp;&nbsp; HP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (745) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (8041) |
| **Trading Companies & Distributors — (2.0)%** | **Trading Companies & Distributors — (2.0)%** | **Trading Companies & Distributors — (2.0)%** |
| &nbsp;&nbsp;&nbsp; Fastenal Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (155) | &nbsp;&nbsp;&nbsp;&nbsp; (7831) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Proceeds $(103225))<br>|  | (108571) |

---

------

**JPMorgan Opportunistic Equity Long/Short Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; <br> **VALUE**<br> **($000)**<br>|
| **Short Positions — continued** | **Short Positions — continued** | **Short Positions — continued** |
| **Exchange-Traded Funds — (5.2)%** | **Exchange-Traded Funds — (5.2)%** | **Exchange-Traded Funds — (5.2)%** |
| **Exchange-Traded Fund — (5.2)%** | **Exchange-Traded Fund — (5.2)%** | **Exchange-Traded Fund — (5.2)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco QQQ Trust \* <br>(Proceeds $(18461))<br>| (67) | (19749) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short Positions <br>(Proceeds $(121686))<br>|  | (128320) |
| **Total Investments — 64.4%** <br>**(Cost $231,372)**<br>|  | **247062** |
| **Other Assets Less Liabilities — 35.6%** |  | **136313** |
| **Net Assets — 100.0%** |  | **383375** |

---

&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 |
| ETF | Exchange Traded Fund |
| SPDR | Standard & Poor's Depositary Receipt |

---

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

\* Non-income producing security. 

(a) All or a portion of this security is segregated as collateral for short sales. The total value of securities segregated as collateral is $56,800.

(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 Opportunistic Equity Long/Short 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.

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

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

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

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

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

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

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

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

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &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** |
| **Total Investments in Securities** (a) | $375382 | $— | $— | $375382 |
| **Total Liabilities for Securities Sold Short** (a) | $(128320) | $— | $— | $(128320) |

---

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

 <br> (a) Please refer to the SOI for specifics of portfolio holdings.

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

------

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

affiliated issuer. The Underlying Fund's distributions may be reinvested into such Underlying Fund. 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>| $176262 | $219396 | $282532 | $66 | $52 | $113244 | 113176 | $2292 | $— |

---

&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 Opportunistic Equity Long/Short Fund

- **b. EDGAR series identifier (if any):** S000046345

- **c. LEI of Series:** 549300ZLL07WDW7BLE66

**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:** $541326601.00

**Total Liabilities:** $147935839.31

**Net Assets:** $393390761.69

**Cash Not Reported:** $130743355.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144856 | -0.28%               | 1.98%                | -2.66%               |
| Class ID C000144854 | -0.35%               | 1.96%                | -2.66%               |
| Class ID C000144855 | -0.36%               | 1.88%                | -2.68%               |
| Class ID C000144853 | -0.33%               | 1.99%                | -2.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8818223.97             | $7142032.51                                |
| Month 2  | $501842.31               | $7210950.86                                |
| Month 3  | $-1316316.40             | $-10986864.49                              |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SP500GRUSD0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CH Robinson Worldwide, Inc.                 | CH Robinson Worldwide, Inc.                           | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Short            | EC               | CORP              | US        |    -38820 | NS      | $-3888599.40  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                       | SL Green Realty Corp.                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Short            | EC               | CORP              | US        |    -17550 | NS      | $-722182.50   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                           | Exxon Mobil Corp.                                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     91330 | NS      | $10595193.30  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund            | JPMorgan Prime Money Market Fund, Class Institutional | CUSIP: 4812A2603<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        | 113175936 | NS      | $113243841.52 | 28.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan Semiconductor Manufacturing Co. Ltd.           | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    128037 | NS      | $11872871.01  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                        | Ally Financial, Inc.                                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Short            | EC               | CORP              | US        |   -194111 | NS      | $-6306666.39  | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                  | PG&E Corp.                                            | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   1560871 | NS      | $24817848.90  | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands, Inc.                         | Newell Brands, Inc.                                   | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Short            | EC               | CORP              | US        |    -87763 | NS      | $-1400697.48  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                     | Applied Materials, Inc.                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Short            | EC               | CORP              | US        |   -113332 | NS      | $-12635384.68 | -3.21%            |  |  |  | No            |                  1 | On Loan: No      |
| HP, Inc.                                    | HP, Inc.                                              | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Short            | EC               | CORP              | US        |    -25584 | NS      | $-745517.76   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                               | Stryker Corp.                                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     28417 | NS      | $7212518.77   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                             | Eaton Corp. plc                                       | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Short            | EC               | CORP              | IE        |     -8441 | NS      | $-1369214.61  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                | Marriott International, Inc., Class A                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     23791 | NS      | $4143916.38   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                | Fiserv, Inc.                                          | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    177157 | NS      | $18899108.76  | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                        | NextEra Energy, Inc.                                  | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    334725 | NS      | $24980526.75  | 6.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO, Inc.                                   | NIO, Inc.                                             | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |   1288006 | NS      | $15546232.42  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                            | Cloudflare, Inc., Class A                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |    -74039 | NS      | $-3917403.49  | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                      | SPDR S&P 500 ETF Trust                                | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             |  | RF                | US        |     50529 | NS      | $20539027.92  | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                   | RXO, Inc.                                             | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Short            | EC               | CORP              | US        |    -47433 | NS      | $-868972.56   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler, Inc.                               | Zscaler, Inc.                                         | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     35473 | NS      | $4404327.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.              | Thermo Fisher Scientific, Inc.                        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Short            | EC               | CORP              | US        |     -5193 | NS      | $-2961723.69  | -0.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                       | Paycom Software, Inc.                                 | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Short            | EC               | CORP              | US        |     -2019 | NS      | $-654034.86   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                       | Las Vegas Sands Corp.                                 | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     26965 | NS      | $1590935.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                              | Ford Motor Co.                                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Short            | EC               | CORP              | US        |    -30831 | NS      | $-416526.81   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                 | Tesla, Inc.                                           | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    108284 | NS      | $18756954.48  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                       | Parker-Hannifin Corp.                                 | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Short            | EC               | CORP              | US        |     -4304 | NS      | $-1403104.00  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust                           | Invesco QQQ Trust, Series 1                           | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            |  | RF                | US        |    -67034 | NS      | $-19749557.08 | -5.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                     | Mohawk Industries, Inc.                               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Short            | EC               | CORP              | US        |    -15768 | NS      | $-1893106.08  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                | Fastenal Co.                                          | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Short            | EC               | CORP              | US        |   -154924 | NS      | $-7831408.20  | -1.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd.                        | Signet Jewelers Ltd.                                  | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Short            | EC               | CORP              | BM        |    -36688 | NS      | $-2818005.28  | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                            | Paramount Global, Class B                             | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Short            | EC               | CORP              | US        |   -200612 | NS      | $-4646173.92  | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co.                           | Campbell Soup Co.                                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Short            | EC               | CORP              | US        |    -15762 | NS      | $-818520.66   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                          | General Motors Co.                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Short            | EC               | CORP              | US        |    -27298 | NS      | $-1073357.36  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                | Royal Caribbean Cruises Ltd.                          | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     25231 | NS      | $1638501.14   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax, Inc.                                | CarMax, Inc.                                          | CUSIP: 143130102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -206366 | NS      | $-14538484.70 | -3.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                  | Ferrari NV                                            | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      4019 | NS      | $1010014.89   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                              | AutoZone, Inc.                                        | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       982 | NS      | $2394950.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery, Inc.                 | Warner Bros Discovery, Inc.                           | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Short            | EC               | CORP              | US        |    -33098 | NS      | $-490512.36   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.             | Old Dominion Freight Line, Inc.                       | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |    -33813 | NS      | $-11267844.12 | -2.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings, Inc.                    | Yum China Holdings, Inc.                              | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     10682 | NS      | $658118.02    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku, Inc.                                  | Roku, Inc.                                            | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Short            | EC               | CORP              | US        |    -81818 | NS      | $-4704535.00  | -1.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                    | Motorola Solutions, Inc.                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       866 | NS      | $222570.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                       | Harley-Davidson, Inc.                                 | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Short            | EC               | CORP              | US        |    -57705 | NS      | $-2656161.15  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                    | Berkshire Hathaway, Inc., Class B                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     26059 | NS      | $8117899.68   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                 | Masco Corp.                                           | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Short            | EC               | CORP              | US        |    -96994 | NS      | $-5160080.80  | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                 | Host Hotels & Resorts, Inc.                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Short            | EC               | CORP              | US        |    -65637 | NS      | $-1237257.45  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                | Zoetis, Inc.                                          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Short            | EC               | CORP              | US        |     -4499 | NS      | $-744539.51   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                  | Alibaba Group Holding Ltd.                            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      8723 | NS      | $961274.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc             | Seagate Technology Holdings plc                       | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |    288606 | NS      | $19561714.68  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co.                                 | Kellogg Co.                                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Short            | EC               | CORP              | US        |    -12082 | NS      | $-828583.56   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                         | General Mills, Inc.                                   | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | EC               | CORP              | US        |    -15408 | NS      | $-1207370.88  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                 | Apple, Inc.                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |    -64471 | NS      | $-9302520.59  | -2.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                  | Edwards Lifesciences Corp.                            | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Short            | EC               | CORP              | US        |    -86583 | NS      | $-6640916.10  | -1.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                                | Humana, Inc.                                          | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     14925 | NS      | $7637122.50   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                  | NIKE, Inc., Class B                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     11724 | NS      | $1492816.92   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                 | Intel Corp.                                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Short            | EC               | CORP              | US        |   -132381 | NS      | $-3741087.06  | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                  | Crowdstrike Holdings, Inc., Class A                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Short            | EC               | CORP              | US        |     -6559 | NS      | $-694598.10   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                         | Union Pacific Corp.                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1935 | NS      | $395107.65    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                       | NXP Semiconductors NV                                 | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     70984 | NS      | $13083061.04  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.              | Walgreens Boots Alliance, Inc.                        | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Short            | EC               | CORP              | US        |    -37690 | NS      | $-1389253.40  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                    | UnitedHealth Group, Inc.                              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     57611 | NS      | $28758835.09  | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                | JD.com, Inc.                                          | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     21187 | NS      | $1261262.11   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                        | Kimberly-Clark Corp.                                  | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Short            | EC               | CORP              | US        |    -10600 | NS      | $-1378106.00  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                   | O'Reilly Automotive, Inc.                             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2866 | NS      | $2270875.10   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                | Charter Communications, Inc., Class A                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     40282 | NS      | $15480775.42  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                          | Brown-Forman Corp., Class B                           | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |    -15214 | NS      | $-1012948.12  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.              | Hewlett Packard Enterprise Co.                        | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Short            | EC               | CORP              | US        |   -120667 | NS      | $-1946358.71  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties, Inc.                     | Boston Properties, Inc.                               | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Short            | EC               | CORP              | US        |    -15421 | NS      | $-1149481.34  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer