# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-066038
**Filing Date:** 2023-3
**Character Count:** 183631
**Document Hash:** 50ccb4eca0c42735e60cdb367125c34b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066038.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066038

**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:** 23761608

**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 Research Market Neutral Fund (Series ID: S000002614)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007189 | Class A      | JMNAX           |
| C000081099 | Class C      | JMNCX           |
| C000081100 | Class I      | JMNSX           |

## Nport-Ex

**JPMorgan Research Market Neutral 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 Research Market Neutral 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 — 99.7%** | **Long Positions — 99.7%** | **Long Positions — 99.7%** |
| **Common Stocks — 77.3%** | **Common Stocks — 77.3%** | **Common Stocks — 77.3%** |
| **Aerospace & Defense — 3.2%** | **Aerospace & Defense — 3.2%** | **Aerospace & Defense — 3.2%** |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 44 | 1804 |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp. (a) | 2 | 993 |
| &nbsp;&nbsp;&nbsp; Raytheon Technologies Corp. | 15 | 1492 |
| &nbsp;&nbsp;&nbsp; Textron, Inc. | 4 | 256 |
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | 1 | 595 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5140 |
| **Air Freight & Logistics — 0.4%** | **Air Freight & Logistics — 0.4%** | **Air Freight & Logistics — 0.4%** |
| &nbsp;&nbsp;&nbsp; FedEx Corp. |  | 68 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., Class B | 3 | 542 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610 |
| **Auto Components — 0.7%** | **Auto Components — 0.7%** | **Auto Components — 0.7%** |
| &nbsp;&nbsp;&nbsp; Aptiv plc \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172 |
| &nbsp;&nbsp;&nbsp; Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171 |
| &nbsp;&nbsp;&nbsp; Magna International, Inc. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211 |
| &nbsp;&nbsp;&nbsp; Mobileye Global, Inc., Class A (Israel) \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1091 |
| **Automobiles — 0.2%** | **Automobiles — 0.2%** | **Automobiles — 0.2%** |
| &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280 |
| **Banks — 2.2%** | **Banks — 2.2%** | **Banks — 2.2%** |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440 |
| &nbsp;&nbsp;&nbsp; SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 1155 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3499 |
| **Beverages — 1.7%** | **Beverages — 1.7%** | **Beverages — 1.7%** |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411 |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372 |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115 |
| &nbsp;&nbsp;&nbsp; Monster Beverage Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 1155 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2644 |
| **Biotechnology — 5.7%** | **Biotechnology — 5.7%** | **Biotechnology — 5.7%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 1977 |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 1770 |
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 1629 |
| &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1326 |
| &nbsp;&nbsp;&nbsp; Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 1011 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 1355 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9068 |

---

------

**JPMorgan Research Market Neutral 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** |
| **Building Products — 0.9%** | **Building Products — 0.9%** | **Building Products — 0.9%** |
| &nbsp;&nbsp;&nbsp; Trane Technologies plc | 8 | 1457 |
| **Capital Markets — 4.3%** | **Capital Markets — 4.3%** | **Capital Markets — 4.3%** |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The) | 10 | 801 |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. | 6 | 1030 |
| &nbsp;&nbsp;&nbsp; LPL Financial Holdings, Inc. | 2 | 465 |
| &nbsp;&nbsp;&nbsp; Moody's Corp. | 1 | 173 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | 9 | 869 |
| &nbsp;&nbsp;&nbsp; Raymond James Financial, Inc. | 9 | 1067 |
| &nbsp;&nbsp;&nbsp; S&P Global, Inc. | 5 | 1856 |
| &nbsp;&nbsp;&nbsp; State Street Corp. | 7 | 605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6866 |
| **Chemicals — 1.3%** | **Chemicals — 1.3%** | **Chemicals — 1.3%** |
| &nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342 |
| &nbsp;&nbsp;&nbsp; Dow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 |
| &nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452 |
| &nbsp;&nbsp;&nbsp; Eastman Chemical Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; Linde plc (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317 |
| &nbsp;&nbsp;&nbsp; LyondellBasell Industries NV, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp; PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2088 |
| **Commercial Services & Supplies — 0.9%** | **Commercial Services & Supplies — 0.9%** | **Commercial Services & Supplies — 0.9%** |
| &nbsp;&nbsp;&nbsp; Waste Connections, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 1362 |
| **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** |
| &nbsp;&nbsp;&nbsp; Juniper Networks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748 |
| **Construction Materials — 0.3%** | **Construction Materials — 0.3%** | **Construction Materials — 0.3%** |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537 |
| **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** |
| &nbsp;&nbsp;&nbsp; American Express Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370 |
| **Electric Utilities — 2.0%** | **Electric Utilities — 2.0%** | **Electric Utilities — 2.0%** |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 1027 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp;&nbsp; 1390 |
| &nbsp;&nbsp;&nbsp; PPL Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3114 |
| **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889 |
| **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820 |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 1099 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1919 |
| **Energy Equipment & Services — 0.5%** | **Energy Equipment & Services — 0.5%** | **Energy Equipment & Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; Baker Hughes Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860 |

---

------

**JPMorgan Research Market Neutral 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** |
| **Entertainment — 3.3%** | **Entertainment — 3.3%** | **Entertainment — 3.3%** |
| &nbsp;&nbsp;&nbsp; Endeavor Group Holdings, Inc., Class A \* (a) | 64 | 1448 |
| &nbsp;&nbsp;&nbsp; Netflix, Inc. \* (a) | 6 | 2043 |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. \* | 15 | 1688 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5179 |
| **Equity Real Estate Investment Trusts (REITs) — 2.4%** | **Equity Real Estate Investment Trusts (REITs) — 2.4%** | **Equity Real Estate Investment Trusts (REITs) — 2.4%** |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A | 7 | 251 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | 3 | 58 |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp. | 7 | 151 |
| &nbsp;&nbsp;&nbsp; Prologis, Inc. | 8 | 1038 |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp. | 2 | 671 |
| &nbsp;&nbsp;&nbsp; Sun Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689 |
| &nbsp;&nbsp;&nbsp; UDR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 538 |
| &nbsp;&nbsp;&nbsp; WP Carey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3864 |
| **Food & Staples Retailing — 0.7%** | **Food & Staples Retailing — 0.7%** | **Food & Staples Retailing — 0.7%** |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1057 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; Hershey Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594 |
| &nbsp;&nbsp;&nbsp; Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677 |
| **Health Care Equipment & Supplies — 1.2%** | **Health Care Equipment & Supplies — 1.2%** | **Health Care Equipment & Supplies — 1.2%** |
| &nbsp;&nbsp;&nbsp; Boston Scientific Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649 |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1870 |
| **Health Care Providers & Services — 1.2%** | **Health Care Providers & Services — 1.2%** | **Health Care Providers & Services — 1.2%** |
| &nbsp;&nbsp;&nbsp; Centene Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 |
| &nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295 |
| &nbsp;&nbsp;&nbsp; Humana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1037 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1875 |
| **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334 |
| &nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1296 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167 |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4310 |
| **Household Products — 0.1%** | **Household Products — 0.1%** | **Household Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98 |

---

------

**JPMorgan Research Market Neutral 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** |
| **Industrial Conglomerates — 1.2%** | **Industrial Conglomerates — 1.2%** | **Industrial Conglomerates — 1.2%** |
| &nbsp;&nbsp;&nbsp; Honeywell International, Inc. (a) | 10 | 1993 |
| **Insurance — 2.3%** | **Insurance — 2.3%** | **Insurance — 2.3%** |
| &nbsp;&nbsp;&nbsp; Globe Life, Inc. | 13 | 1511 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. (The) (a) | 16 | 2198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3709 |
| **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A \* (a) | 20 | 2909 |
| **Internet & Direct Marketing Retail — 1.4%** | **Internet & Direct Marketing Retail — 1.4%** | **Internet & Direct Marketing Retail — 1.4%** |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. \* (a) | 21 | 2164 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc., Class A \* | 2 | 137 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2301 |
| **IT Services — 4.2%** | **IT Services — 4.2%** | **IT Services — 4.2%** |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369 |
| &nbsp;&nbsp;&nbsp; Block, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248 |
| &nbsp;&nbsp;&nbsp; FleetCor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 1268 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 3280 |
| &nbsp;&nbsp;&nbsp; MongoDB, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp; WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6666 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228 |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903 |
| **Machinery — 2.5%** | **Machinery — 2.5%** | **Machinery — 2.5%** |
| &nbsp;&nbsp;&nbsp; Deere & Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 2048 |
| &nbsp;&nbsp;&nbsp; Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 1079 |
| &nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3969 |
| **Media — 1.8%** | **Media — 1.8%** | **Media — 1.8%** |
| &nbsp;&nbsp;&nbsp; Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 1713 |
| &nbsp;&nbsp;&nbsp; Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250 |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty SiriusXM, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2920 |
| **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456 |
| **Multiline Retail — 0.4%** | **Multiline Retail — 0.4%** | **Multiline Retail — 0.4%** |
| &nbsp;&nbsp;&nbsp; Dollar General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683 |
| **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662 |
| &nbsp;&nbsp;&nbsp; DTE Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492 |

---

------

**JPMorgan Research Market Neutral 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** |
| **Multi-Utilities — continued** | **Multi-Utilities — continued** | **Multi-Utilities — continued** |
| &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc. | 11 | 691 |
| &nbsp;&nbsp;&nbsp; Sempra Energy | 6 | 1015 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2860 |
| **Oil, Gas & Consumable Fuels — 2.6%** | **Oil, Gas & Consumable Fuels — 2.6%** | **Oil, Gas & Consumable Fuels — 2.6%** |
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | 1 | 249 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | 6 | 687 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 5 | 727 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | 4 | 550 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | 6 | 679 |
| &nbsp;&nbsp;&nbsp; HF Sinclair Corp. | 11 | 622 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192 |
| &nbsp;&nbsp;&nbsp; Marathon Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246 |
| &nbsp;&nbsp;&nbsp; TC Energy Corp. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4197 |
| **Personal Products — 0.4%** | **Personal Products — 0.4%** | **Personal Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 661 |
| **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1111 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2089 |
| **Professional Services — 0.8%** | **Professional Services — 0.8%** | **Professional Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467 |
| &nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1314 |
| **Road & Rail — 2.1%** | **Road & Rail — 2.1%** | **Road & Rail — 2.1%** |
| &nbsp;&nbsp;&nbsp; Canadian National Railway Co. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269 |
| &nbsp;&nbsp;&nbsp; CSX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364 |
| &nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 1206 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3389 |
| **Semiconductors & Semiconductor Equipment — 6.5%** | **Semiconductors & Semiconductor Equipment — 6.5%** | **Semiconductors & Semiconductor Equipment — 6.5%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970 |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 1675 |
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV (China) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 3895 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 2150 |
| &nbsp;&nbsp;&nbsp; Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1636 |
|  |  | &nbsp;&nbsp; 10326 |
| **Software — 2.7%** | **Software — 2.7%** | **Software — 2.7%** |
| &nbsp;&nbsp;&nbsp; DocuSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 2233 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298 |

---

------

**JPMorgan Research Market Neutral 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** |
| **Software — continued** | **Software — continued** | **Software — continued** |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 4 | 326 |
| &nbsp;&nbsp;&nbsp; PTC, Inc. \* | 1 | 171 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 2 | 786 |
| &nbsp;&nbsp;&nbsp; Workday, Inc., Class A \* | 2 | 285 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4262 |
| **Specialty Retail — 2.1%** | **Specialty Retail — 2.1%** | **Specialty Retail — 2.1%** |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. \* | 6 | 754 |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. \* |  | 451 |
| &nbsp;&nbsp;&nbsp; Burlington Stores, Inc. \* | 2 | 566 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 4 | 786 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3401 |
| **Technology Hardware, Storage & Peripherals — 1.0%** | **Technology Hardware, Storage & Peripherals — 1.0%** | **Technology Hardware, Storage & Peripherals — 1.0%** |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 1634 |
| **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** |
| &nbsp;&nbsp;&nbsp; NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270 |
| **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; T-Mobile US, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $103,084)<br>|  | 123131 |
| **Short-Term Investments — 22.4%** | **Short-Term Investments — 22.4%** | **Short-Term Investments — 22.4%** |
| **Investment Companies — 22.4%** | **Investment Companies — 22.4%** | **Investment Companies — 22.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 4.45% (b) (c)(Cost $35,685) | 35673 | &nbsp;&nbsp; 35694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Long Positions <br>(Cost $138,769)<br>|  | 158825 |
| **Short Positions — (74.6)%** | **Short Positions — (74.6)%** | **Short Positions — (74.6)%** |
| **Common Stocks — (74.6)%** | **Common Stocks — (74.6)%** | **Common Stocks — (74.6)%** |
| **Aerospace & Defense — (2.8)%** | **Aerospace & Defense — (2.8)%** | **Aerospace & Defense — (2.8)%** |
| &nbsp;&nbsp;&nbsp; Boeing Co. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp; (2510) |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp; (310) |
| &nbsp;&nbsp;&nbsp; Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (97) |
| &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp; (939) |
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp; (589) |
|  |  | &nbsp;&nbsp;&nbsp; (4445) |
| **Air Freight & Logistics — (0.9)%** | **Air Freight & Logistics — (0.9)%** | **Air Freight & Logistics — (0.9)%** |
| &nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp; (1335) |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp; (147) |
|  |  | &nbsp;&nbsp;&nbsp; (1482) |
| **Auto Components — (0.7)%** | **Auto Components — (0.7)%** | **Auto Components — (0.7)%** |
| &nbsp;&nbsp;&nbsp; Autoliv, Inc. (Sweden) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp;&nbsp;&nbsp; (607) |
| &nbsp;&nbsp;&nbsp; BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp; (500) |
|  |  | &nbsp;&nbsp;&nbsp; (1107) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Automobiles — (0.9)%** | **Automobiles — (0.9)%** | **Automobiles — (0.9)%** |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | (50) | (674) |
| &nbsp;&nbsp;&nbsp; General Motors Co. | (14) | (569) |
| &nbsp;&nbsp;&nbsp; Harley-Davidson, Inc. | (3) | (119) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1362) |
| **Banks — (2.7)%** | **Banks — (2.7)%** | **Banks — (2.7)%** |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. | (13) | (580) |
| &nbsp;&nbsp;&nbsp; Comerica, Inc. | (10) | (726) |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | (64) | (969) |
| &nbsp;&nbsp;&nbsp; KeyCorp | (51) | (968) |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The) | (4) | (676) |
| &nbsp;&nbsp;&nbsp; Regions Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (442) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4361) |
| **Beverages — (0.5)%** | **Beverages — (0.5)%** | **Beverages — (0.5)%** |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (143) |
| &nbsp;&nbsp;&nbsp; Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (610) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (753) |
| **Biotechnology — (3.2)%** | **Biotechnology — (3.2)%** | **Biotechnology — (3.2)%** |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp; (1461) |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17) | &nbsp;&nbsp;&nbsp;&nbsp; (1460) |
| &nbsp;&nbsp;&nbsp; Moderna, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp; (2150) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5071) |
| **Building Products — (1.9)%** | **Building Products — (1.9)%** | **Building Products — (1.9)%** |
| &nbsp;&nbsp;&nbsp; Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9) | &nbsp;&nbsp;&nbsp;&nbsp; (1102) |
| &nbsp;&nbsp;&nbsp; Johnson Controls International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27) | &nbsp;&nbsp;&nbsp;&nbsp; (1842) |
| &nbsp;&nbsp;&nbsp; Masco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (144) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (3088) |
| **Capital Markets — (2.8)%** | **Capital Markets — (2.8)%** | **Capital Markets — (2.8)%** |
| &nbsp;&nbsp;&nbsp; BlackRock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (151) |
| &nbsp;&nbsp;&nbsp; Coinbase Global, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (445) |
| &nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35) | &nbsp;&nbsp;&nbsp;&nbsp; (1087) |
| &nbsp;&nbsp;&nbsp; Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (978) |
| &nbsp;&nbsp;&nbsp; Northern Trust Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (776) |
| &nbsp;&nbsp;&nbsp; T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (970) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4407) |
| **Chemicals — (0.3)%** | **Chemicals — (0.3)%** | **Chemicals — (0.3)%** |
| &nbsp;&nbsp;&nbsp; Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31) |
| &nbsp;&nbsp;&nbsp; Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (370) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (401) |
| **Commercial Services & Supplies — (0.0)% ^** | **Commercial Services & Supplies — (0.0)% ^** | **Commercial Services & Supplies — (0.0)% ^** |
| &nbsp;&nbsp;&nbsp; Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60) |
| **Communications Equipment — (0.4)%** | **Communications Equipment — (0.4)%** | **Communications Equipment — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (599) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Consumer Finance — (0.8)%** | **Consumer Finance — (0.8)%** | **Consumer Finance — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | (4) | (453) |
| &nbsp;&nbsp;&nbsp; Synchrony Financial | (21) | (767) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1220) |
| **Containers & Packaging — (1.3)%** | **Containers & Packaging — (1.3)%** | **Containers & Packaging — (1.3)%** |
| &nbsp;&nbsp;&nbsp; AptarGroup, Inc. | (4) | (443) |
| &nbsp;&nbsp;&nbsp; International Paper Co. | (30) | (1265) |
| &nbsp;&nbsp;&nbsp; Packaging Corp. of America | (1) | (115) |
| &nbsp;&nbsp;&nbsp; Silgan Holdings, Inc. | (3) | (173) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1996) |
| **Diversified Telecommunication Services — (1.4)%** | **Diversified Telecommunication Services — (1.4)%** | **Diversified Telecommunication Services — (1.4)%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (614) |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; (149) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (783) |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (901) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2298) |
| **Electric Utilities — (3.5)%** | **Electric Utilities — (3.5)%** | **Electric Utilities — (3.5)%** |
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp;&nbsp; (1167) |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp;&nbsp; (1350) |
| &nbsp;&nbsp;&nbsp; Edison International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20) | &nbsp;&nbsp;&nbsp;&nbsp; (1365) |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (203) |
| &nbsp;&nbsp;&nbsp; Eversource Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (689) |
| &nbsp;&nbsp;&nbsp; Exelon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (803) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5577) |
| **Electrical Equipment — (0.8)%** | **Electrical Equipment — (0.8)%** | **Electrical Equipment — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (834) |
| &nbsp;&nbsp;&nbsp; Hubbell, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (416) |
| &nbsp;&nbsp;&nbsp; Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (80) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1330) |
| **Entertainment — (1.5)%** | **Entertainment — (1.5)%** | **Entertainment — (1.5)%** |
| &nbsp;&nbsp;&nbsp; Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (872) |
| &nbsp;&nbsp;&nbsp; ROBLOX Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (601) |
| &nbsp;&nbsp;&nbsp; Warner Bros Discovery, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (952) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2425) |
| **Equity Real Estate Investment Trusts (REITs) — (2.6)%** | **Equity Real Estate Investment Trusts (REITs) — (2.6)%** | **Equity Real Estate Investment Trusts (REITs) — (2.6)%** |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (78) |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp; (1012) |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (920) |
| &nbsp;&nbsp;&nbsp; National Retail Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87) |
| &nbsp;&nbsp;&nbsp; Orion Office REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp; (1249) |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (595) |
| &nbsp;&nbsp;&nbsp; Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (147) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4088) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Food & Staples Retailing — (3.8)%** | **Food & Staples Retailing — (3.8)%** | **Food & Staples Retailing — (3.8)%** |
| &nbsp;&nbsp;&nbsp; Kroger Co. (The) | (53) | (2384) |
| &nbsp;&nbsp;&nbsp; Sysco Corp. | (24) | (1829) |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | (4) | (152) |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | (12) | (1722) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (6087) |
| **Food Products — (1.5)%** | **Food Products — (1.5)%** | **Food Products — (1.5)%** |
| &nbsp;&nbsp;&nbsp; Campbell Soup Co. | (14) | (747) |
| &nbsp;&nbsp;&nbsp; Conagra Brands, Inc. | (4) | (138) |
| &nbsp;&nbsp;&nbsp; General Mills, Inc. | (9) | (727) |
| &nbsp;&nbsp;&nbsp; Kellogg Co. | (6) | (426) |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (274) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2312) |
| **Gas Utilities — (0.4)%** | **Gas Utilities — (0.4)%** | **Gas Utilities — (0.4)%** |
| &nbsp;&nbsp;&nbsp; National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (562) |
| **Health Care Equipment & Supplies — (1.2)%** | **Health Care Equipment & Supplies — (1.2)%** | **Health Care Equipment & Supplies — (1.2)%** |
| &nbsp;&nbsp;&nbsp; Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (159) |
| &nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (781) |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (634) |
| &nbsp;&nbsp;&nbsp; Medtronic plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (384) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1958) |
| **Health Care Providers & Services — (0.8)%** | **Health Care Providers & Services — (0.8)%** | **Health Care Providers & Services — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Henry Schein, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp;&nbsp; (1131) |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (209) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1340) |
| **Hotels, Restaurants & Leisure — (0.4)%** | **Hotels, Restaurants & Leisure — (0.4)%** | **Hotels, Restaurants & Leisure — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (683) |
| **Household Durables — (0.7)%** | **Household Durables — (0.7)%** | **Household Durables — (0.7)%** |
| &nbsp;&nbsp;&nbsp; Mohawk Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (458) |
| &nbsp;&nbsp;&nbsp; NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (226) |
| &nbsp;&nbsp;&nbsp; PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (369) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1053) |
| **Household Products — (0.4)%** | **Household Products — (0.4)%** | **Household Products — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Clorox Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (706) |
| **Industrial Conglomerates — (2.4)%** | **Industrial Conglomerates — (2.4)%** | **Industrial Conglomerates — (2.4)%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14) | &nbsp;&nbsp;&nbsp;&nbsp; (1576) |
| &nbsp;&nbsp;&nbsp; General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27) | &nbsp;&nbsp;&nbsp;&nbsp; (2201) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (3777) |
| **Insurance — (3.2)%** | **Insurance — (3.2)%** | **Insurance — (3.2)%** |
| &nbsp;&nbsp;&nbsp; Allstate Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp; (1224) |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (82) |
| &nbsp;&nbsp;&nbsp; Hartford Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (497) |
| &nbsp;&nbsp;&nbsp; Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (264) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Insurance — continued** | **Insurance — continued** | **Insurance — continued** |
| &nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | (16) | (1476) |
| &nbsp;&nbsp;&nbsp; Ryan Specialty Holdings, Inc., Class A \* | (6) | (247) |
| &nbsp;&nbsp;&nbsp; Willis Towers Watson plc | (1) | (261) |
| &nbsp;&nbsp;&nbsp; WR Berkley Corp. | (16) | (1081) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5132) |
| **Interactive Media & Services — (0.3)%** | **Interactive Media & Services — (0.3)%** | **Interactive Media & Services — (0.3)%** |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class A \* | (2) | (217) |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C \* | (2) | (242) |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies, Inc. \* | (4) | (98) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (557) |
| **Internet & Direct Marketing Retail — (1.0)%** | **Internet & Direct Marketing Retail — (1.0)%** | **Internet & Direct Marketing Retail — (1.0)%** |
| &nbsp;&nbsp;&nbsp; eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31) | &nbsp;&nbsp;&nbsp;&nbsp; (1529) |
| **IT Services — (3.0)%** | **IT Services — (3.0)%** | **IT Services — (3.0)%** |
| &nbsp;&nbsp;&nbsp; Accenture plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (81) |
| &nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (128) |
| &nbsp;&nbsp;&nbsp; DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (34) |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (173) |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9) | &nbsp;&nbsp;&nbsp;&nbsp; (1043) |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. (India) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (239) |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (336) |
| &nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (495) |
| &nbsp;&nbsp;&nbsp; Paychex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (669) |
| &nbsp;&nbsp;&nbsp; Western Union Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; (108) | &nbsp;&nbsp;&nbsp;&nbsp; (1526) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4724) |
| **Life Sciences Tools & Services — (0.8)%** | **Life Sciences Tools & Services — (0.8)%** | **Life Sciences Tools & Services — (0.8)%** |
| &nbsp;&nbsp;&nbsp; Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (337) |
| &nbsp;&nbsp;&nbsp; Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (226) |
| &nbsp;&nbsp;&nbsp; Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (725) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1288) |
| **Machinery — (3.3)%** | **Machinery — (3.3)%** | **Machinery — (3.3)%** |
| &nbsp;&nbsp;&nbsp; Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (174) |
| &nbsp;&nbsp;&nbsp; Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (946) |
| &nbsp;&nbsp;&nbsp; IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp; (1165) |
| &nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (891) |
| &nbsp;&nbsp;&nbsp; PACCAR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (801) |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14) | &nbsp;&nbsp;&nbsp;&nbsp; (1271) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5248) |
| **Media — (3.7)%** | **Media — (3.7)%** | **Media — (3.7)%** |
| &nbsp;&nbsp;&nbsp; Interpublic Group of Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (930) |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30) | &nbsp;&nbsp;&nbsp;&nbsp; (2547) |
| &nbsp;&nbsp;&nbsp; Paramount Global, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (73) | &nbsp;&nbsp;&nbsp;&nbsp; (1687) |
| &nbsp;&nbsp;&nbsp; Sirius XM Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; (118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (685) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5849) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Multiline Retail — (0.1)%** | **Multiline Retail — (0.1)%** | **Multiline Retail — (0.1)%** |
| &nbsp;&nbsp;&nbsp; Kohl's Corp. | (6) | (195) |
| **Multi-Utilities — (0.4)%** | **Multi-Utilities — (0.4)%** | **Multi-Utilities — (0.4)%** |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | (6) | (581) |
| **Oil, Gas & Consumable Fuels — (2.3)%** | **Oil, Gas & Consumable Fuels — (2.3)%** | **Oil, Gas & Consumable Fuels — (2.3)%** |
| &nbsp;&nbsp;&nbsp; APA Corp. | (11) | (481) |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | (9) | (585) |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) | (27) | (1113) |
| &nbsp;&nbsp;&nbsp; Hess Corp. | (5) | (813) |
| &nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | (2) | (258) |
| &nbsp;&nbsp;&nbsp; Phillips 66 | (2) | (159) |
| &nbsp;&nbsp;&nbsp; Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69) |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (240) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (3718) |
| **Pharmaceuticals — (2.9)%** | **Pharmaceuticals — (2.9)%** | **Pharmaceuticals — (2.9)%** |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp; (1263) |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (611) |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp; (1254) |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (717) |
| &nbsp;&nbsp;&nbsp; Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (837) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4682) |
| **Professional Services — (1.8)%** | **Professional Services — (1.8)%** | **Professional Services — (1.8)%** |
| &nbsp;&nbsp;&nbsp; Equifax, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp; (1011) |
| &nbsp;&nbsp;&nbsp; Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (228) |
| &nbsp;&nbsp;&nbsp; TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (782) |
| &nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (838) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2859) |
| **Road & Rail — (0.6)%** | **Road & Rail — (0.6)%** | **Road & Rail — (0.6)%** |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Railway Ltd. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53) |
| &nbsp;&nbsp;&nbsp; Heartland Express, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (363) |
| &nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (347) |
| &nbsp;&nbsp;&nbsp; Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (245) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (1008) |
| **Semiconductors & Semiconductor Equipment — (6.5)%** | **Semiconductors & Semiconductor Equipment — (6.5)%** | **Semiconductors & Semiconductor Equipment — (6.5)%** |
| &nbsp;&nbsp;&nbsp; Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41) | &nbsp;&nbsp;&nbsp;&nbsp; (4530) |
| &nbsp;&nbsp;&nbsp; Intel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (553) |
| &nbsp;&nbsp;&nbsp; Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (488) |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28) | &nbsp;&nbsp;&nbsp;&nbsp; (2209) |
| &nbsp;&nbsp;&nbsp; QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp;&nbsp;&nbsp; (1351) |
| &nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (720) |
| &nbsp;&nbsp;&nbsp; Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (494) |
|  |  | &nbsp;&nbsp; (10345) |
| **Software — (1.4)%** | **Software — (1.4)%** | **Software — (1.4)%** |
| &nbsp;&nbsp;&nbsp; Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (962) |

---

------

**JPMorgan Research Market Neutral 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** |
| **Software — continued** | **Software — continued** | **Software — continued** |
| &nbsp;&nbsp;&nbsp; Paycom Software, Inc. \* | (3) | (1048) |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. \* | (2) | (258) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2268) |
| **Specialty Retail — (0.4)%** | **Specialty Retail — (0.4)%** | **Specialty Retail — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | (1) | (194) |
| &nbsp;&nbsp;&nbsp; CarMax, Inc. \* | (4) | (252) |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | (1) | (195) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (641) |
| **Technology Hardware, Storage & Peripherals — (1.7)%** | **Technology Hardware, Storage & Peripherals — (1.7)%** | **Technology Hardware, Storage & Peripherals — (1.7)%** |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | (8) | (1177) |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (68) | &nbsp;&nbsp;&nbsp;&nbsp; (1089) |
| &nbsp;&nbsp;&nbsp; NetApp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (320) |
| &nbsp;&nbsp;&nbsp; Xerox Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; (2673) |
| **Textiles, Apparel & Luxury Goods — (0.2)%** | **Textiles, Apparel & Luxury Goods — (0.2)%** | **Textiles, Apparel & Luxury Goods — (0.2)%** |
| &nbsp;&nbsp;&nbsp; VF Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (373) |
| **Trading Companies & Distributors — (0.4)%** | **Trading Companies & Distributors — (0.4)%** | **Trading Companies & Distributors — (0.4)%** |
| &nbsp;&nbsp;&nbsp; Fastenal Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (583) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Proceeds $(116569))<br>|  | (118801) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short Positions <br>(Proceeds $(116569))<br>|  | (118801) |
| **Total Investments — 25.1%** <br>**(Cost $22,200)**<br>|  | **40024** |
| **Other Assets Less Liabilities — 74.9%** |  | **119259** |
| **Net Assets — 100.0%** |  | **159283** |

---

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

---

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

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| \* | 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 $21,900. |
| (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 <br> Investment Management Inc.<br>|
| (c) | The rate shown is the current yield as of January 31, 2023. |

---

------

**JPMorgan Research Market Neutral Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

**Futures contracts outstanding as of January 31, 2023 (amounts in thousands, except number of contracts):**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Short Contracts** |  |  |  |  |  |
| S&P 500 E-Mini Index | (21) | 03/17/2023 | USD | (4295) | (94) |

---

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

---

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

---

------

**JPMorgan Research Market Neutral 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 ("Underlying Funds") are valued at each Underlying Fund's net asset values ("NAV") per share as of the report date.

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | $158825 | $— | $— | $158825 |
| **Total Liabilities for Securities Sold Short** (a) | $(118801) | $— | $— | $(118801) |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | $(94) | $— | $— | $(94) |

---

&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 Research Market Neutral 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>| $30961 | $64496 | $59776 | $6 | $7 | $35694 | 35673 | $326 | $— |

---

&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 Research Market Neutral Fund

- **b. EDGAR series identifier (if any):** S000002614

- **c. LEI of Series:** 5493003YB1CVJN6VG156

**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:** $281229812.70

**Total Liabilities:** $121750881.20

**Net Assets:** $159478931.50

**Cash Not Reported:** $120662639.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000081099 | 0.93%                | 0.74%                | 0.18%                |
| Class ID C000081100 | 1.00%                | 0.76%                | 0.23%                |
| Class ID C000007189 | 0.99%                | 0.74%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-290172.09              | $1664605.75                                |
| Month 2  | $262231.75               | $463792.25                                 |
| Month 3  | $861314.74               | $-679973.32                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Host Hotels & Resorts, Inc.                   | Host Hotels & Resorts, Inc.                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |      3080 | NS      | $58058.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                 | Medtronic plc                                         | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Short            | EC               | CORP              | IE        |     -4595 | NS      | $-384555.55   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                  | Oracle Corp.                                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3691 | NS      | $326505.86    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                         | Coinbase Global, Inc., Class A                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -7601 | NS      | $-444506.48   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                               | Eaton Corp. plc                                       | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      5479 | NS      | $888748.59    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                        | Monster Beverage Corp.                                | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     11097 | NS      | $1154975.76   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                           | Cisco Systems, Inc.                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Short            | EC               | CORP              | US        |    -12301 | NS      | $-598689.67   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide, Inc.                   | CH Robinson Worldwide, Inc.                           | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Short            | EC               | CORP              | US        |    -13330 | NS      | $-1335266.10  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Short            | EC               | CORP              | US        |    -14458 | NS      | $-594954.87   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                             | Exxon Mobil Corp.                                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5850 | NS      | $678658.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                  | Nasdaq, Inc.                                          | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Short            | EC               | CORP              | US        |    -16248 | NS      | $-977967.12   | -0.61%            |  |  |  | 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        |  32967571 | NS      | $32987351.80  | 20.68%            |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                       | International Paper Co.                               | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |    -30243 | NS      | $-1264762.26  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.   | Taiwan Semiconductor Manufacturing Co. Ltd.           | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     23183 | NS      | $2149759.59   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                               | CME Group, Inc.                                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5830 | NS      | $1029927.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                         | National Fuel Gas Co.                                 | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Short            | EC               | CORP              | US        |     -9686 | NS      | $-562369.16   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup, Inc.                              | PulteGroup, Inc.                                      | CUSIP: 745867101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6484 | NS      | $-368874.76   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                        | Verisk Analytics, Inc.                                | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Short            | EC               | CORP              | US        |     -4607 | NS      | $-837506.53   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp.                                | Repligen Corp.                                        | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |     -1220 | NS      | $-226066.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                      | Willis Towers Watson plc                              | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Short            | EC               | CORP              | IE        |     -1027 | NS      | $-261053.13   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                     | Rockwell Automation, Inc.                             | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Short            | EC               | CORP              | US        |      -283 | NS      | $-79814.49    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                               | Starbucks Corp.                                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |     -6254 | NS      | $-682561.56   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                       | KeyCorp                                               | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Short            | EC               | CORP              | US        |    -50455 | NS      | $-968231.45   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                    | PG&E Corp.                                            | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     87396 | NS      | $1389596.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                              | Amazon.com, Inc.                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     20982 | NS      | $2163873.66   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical, Inc.                 | BioMarin Pharmaceutical, Inc.                         | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     14120 | NS      | $1628742.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International, Inc.                     | Magna International, Inc.                             | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      3257 | NS      | $211509.58    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                     | NVR, Inc.                                             | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Short            | EC               | CORP              | US        |       -43 | NS      | $-226610.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies, Inc.                   | FleetCor Technologies, Inc.                           | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      6074 | NS      | $1268311.94   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                 | Walmart, Inc.                                         | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |    -11971 | NS      | $-1722267.77  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.               | Hilton Worldwide Holdings, Inc.                       | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1153 | NS      | $167288.77    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp.                                    | Hess Corp.                                            | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Short            | EC               | CORP              | US        |     -5413 | NS      | $-812816.08   | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                            | Henry Schein, Inc.                                    | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Short            | EC               | CORP              | US        |    -13122 | NS      | $-1130460.30  | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                        | Northrop Grumman Corp.                                | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      2216 | NS      | $992856.64    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                       | Applied Materials, Inc.                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Short            | EC               | CORP              | US        |    -40628 | NS      | $-4529615.72  | -2.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                         | Williams-Sonoma, Inc.                                 | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |     -1444 | NS      | $-194853.36   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                      | Bristol-Myers Squibb Co.                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     15293 | NS      | $1111036.45   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                 | Danaher Corp.                                         | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      1176 | NS      | $310910.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp.                                  | ROBLOX Corp., Class A                                 | CUSIP: 771049103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -16155 | NS      | $-601127.55   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                 | Stryker Corp.                                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2497 | NS      | $633763.57    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv, Inc.                                 | Autoliv, Inc.                                         | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Short            | EC               | CORP              | US        |     -6589 | NS      | $-606978.68   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace, Inc.                        | Howmet Aerospace, Inc.                                | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     44330 | NS      | $1803787.70   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                            | Devon Energy Corp.                                    | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Short            | EC               | CORP              | US        |     -9250 | NS      | $-584970.00   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global, Inc.                         | Mobileye Global, Inc., Class A                        | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13913 | NS      | $537041.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                              | Clorox Co. (The)                                      | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |     -4882 | NS      | $-706376.58   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                       | Boston Scientific Corp.                               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     12694 | NS      | $587097.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                             | Eversource Energy                                     | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Short            | EC               | CORP              | US        |     -8365 | NS      | $-688690.45   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                  | Intuit, Inc.                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5284 | NS      | $2233388.28   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                  | Marriott International, Inc., Class A                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2475 | NS      | $431095.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express, Inc.                       | Heartland Express, Inc.                               | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Short            | EC               | CORP              | US        |    -21607 | NS      | $-363429.74   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Biogen, Inc.                                  | Biogen, Inc.                                          | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      6086 | NS      | $1770417.40   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                    | Constellation Brands, Inc., Class A                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1608 | NS      | $372284.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                | WP Carey, Inc.                                        | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      1096 | NS      | $93740.88     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                               | Snowflake, Inc., Class A                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       299 | NS      | $46775.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                      | SBA Communications Corp.                              | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      2254 | NS      | $670632.62    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                    | Microchip Technology, Inc.                            | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Short            | EC               | CORP              | US        |    -28462 | NS      | $-2209220.44  | -1.39%            |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co.                          | General Electric Co.                                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Short            | EC               | CORP              | US        |    -27342 | NS      | $-2200484.16  | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                  | Allegion plc                                          | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Short            | EC               | CORP              | IE        |     -9375 | NS      | $-1102031.25  | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                                 | Moody's Corp.                                         | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       537 | NS      | $173316.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                                | DoorDash, Inc., Class A                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2376 | NS      | $137617.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                          | NextEra Energy, Inc.                                  | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13762 | NS      | $1027058.06   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                         | Silgan Holdings, Inc.                                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Short            | EC               | CORP              | US        |     -3205 | NS      | $-172717.45   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                     | Illinois Tool Works, Inc.                             | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |     -3774 | NS      | $-890814.96   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                         | Sun Communities, Inc.                                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      4396 | NS      | $689556.56    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.                    | Agilent Technologies, Inc.                            | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Short            | EC               | CORP              | US        |     -2212 | NS      | $-336400.96   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                         | Cheniere Energy, Inc.                                 | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1630 | NS      | $249047.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                                 | Hubbell, Inc.                                         | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Short            | EC               | CORP              | US        |     -1819 | NS      | $-416387.29   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp.                                  | Hexcel Corp.                                          | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Short            | EC               | CORP              | US        |     -3249 | NS      | $-229314.42   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                          | American Express Co.                                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      2115 | NS      | $369976.95    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                       | Uber Technologies, Inc.                               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     38980 | NS      | $1205651.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                              | Mastercard, Inc., Class A                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8850 | NS      | $3279810.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                   | Capital One Financial Corp.                           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Short            | EC               | CORP              | US        |     -3804 | NS      | $-452676.00   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                | DTE Energy Co.                                        | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      4229 | NS      | $492128.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                         | American Homes 4 Rent, Class A                        | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |      7335 | NS      | $251517.15    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                         | Paycom Software, Inc.                                 | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Short            | EC               | CORP              | US        |     -3236 | NS      | $-1048269.84  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR, Inc.                                  | PACCAR, Inc.                                          | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Short            | EC               | CORP              | US        |     -7325 | NS      | $-800695.75   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                      | Skyworks Solutions, Inc.                              | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Short            | EC               | CORP              | US        |     -6568 | NS      | $-720312.56   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                     | Extra Space Storage, Inc.                             | CUSIP: 30225T102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6411 | NS      | $-1011848.13  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                | Ford Motor Co.                                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Short            | EC               | CORP              | US        |    -49920 | NS      | $-674419.20   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                    | TransUnion                                            | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Short            | EC               | CORP              | US        |    -10905 | NS      | $-782433.75   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                   | Tesla, Inc.                                           | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1328 | NS      | $230036.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments, Inc.                         | Global Payments, Inc.                                 | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Short            | EC               | CORP              | US        |     -9249 | NS      | $-1042547.28  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks, Inc.                        | Juniper Networks, Inc.                                | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     23148 | NS      | $747680.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp.                                  | Waters Corp.                                          | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Short            | EC               | CORP              | US        |     -2207 | NS      | $-725176.06   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv plc                                     | Aptiv plc                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JE        |      1518 | NS      | $171670.62    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                   | United Parcel Service, Inc., Class B                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2926 | NS      | $541982.98    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.    | Knight-Swift Transportation Holdings, Inc.            | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3293 | NS      | $194616.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                 | Raymond James Financial, Inc.                         | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      9465 | NS      | $1067368.05   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                        | WEC Energy Group, Inc.                                | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Short            | EC               | CORP              | US        |     -6182 | NS      | $-581046.18   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                | Teradyne, Inc.                                        | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     16087 | NS      | $1636047.90   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                              | Globe Life, Inc.                                      | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     12498 | NS      | $1510383.30   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                             | HF Sinclair Corp.                                     | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10933 | NS      | $622087.70    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)      | PNC Financial Services Group, Inc. (The)              | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Short            | EC               | CORP              | US        |     -4084 | NS      | $-675616.12   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises, Inc.                      | Werner Enterprises, Inc.                              | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Short            | EC               | CORP              | US        |     -5204 | NS      | $-244431.88   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| PTC, Inc.                                     | PTC, Inc.                                             | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      1271 | NS      | $171432.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                       | Progressive Corp. (The)                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     16122 | NS      | $2198234.70   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                          | Edison International                                  | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Short            | EC               | CORP              | US        |    -19807 | NS      | $-1364702.30  | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp.                          | Xerox Holdings Corp.                                  | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Short            | EC               | CORP              | US        |     -5291 | NS      | $-86666.58    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Orion Office REIT, Inc.                       | Orion Office REIT, Inc.                               | CUSIP: 68629Y103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -0 | NS      | $-0.97        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | Johnson & Johnson                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Short            | EC               | CORP              | US        |     -3738 | NS      | $-610863.96   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies, Inc.                      | Lumen Technologies, Inc.                              | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Short            | EC               | CORP              | US        |   -149226 | NS      | $-783436.50   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                    | AT&T, Inc.                                            | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Short            | EC               | CORP              | US        |    -30143 | NS      | $-614012.91   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                           | Acuity Brands, Inc.                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4422 | NS      | $-833635.44   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                     | UDR, Inc.                                             | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      8786 | NS      | $374195.74    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd.                 | Canadian Pacific Railway Ltd.                         | CUSIP: 13645T100<br>LEI: N/A                  | Short            | EC               | CORP              | CA        |      -670 | NS      | $-52863.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                        | Trane Technologies plc                                | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      8137 | NS      | $1457499.44   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                      | Franklin Resources, Inc.                              | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Short            | EC               | CORP              | US        |    -34851 | NS      | $-1087351.20  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                       | Mohawk Industries, Inc.                               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Short            | EC               | CORP              | US        |     -3814 | NS      | $-457908.84   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                  | Fastenal Co.                                          | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Short            | EC               | CORP              | US        |    -11536 | NS      | $-583144.80   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                  | Chipotle Mexican Grill, Inc.                          | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       787 | NS      | $1295701.06   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                              | Paramount Global, Class B                             | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Short            | EC               | CORP              | US        |    -72845 | NS      | $-1687090.20  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp.-Liberty SiriusXM          | Liberty Media Corp.-Liberty SiriusXM, Class A         | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23573 | NS      | $957535.26    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co.                             | Campbell Soup Co.                                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Short            | EC               | CORP              | US        |    -14394 | NS      | $-747480.42   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                            | General Motors Co.                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Short            | EC               | CORP              | US        |    -14471 | NS      | $-568999.72   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                          | Dollar General Corp.                                  | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      2924 | NS      | $683046.40    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                                   | Deere & Co.                                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      4844 | NS      | $2048236.96   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group, Inc.                         | TransDigm Group, Inc.                                 | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       830 | NS      | $595732.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                  | Ventas, Inc.                                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     10378 | NS      | $537684.18    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                        | Freeport-McMoRan, Inc.                                | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     10224 | NS      | $456194.88    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc            | Johnson Controls International plc                    | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Short            | EC               | CORP              | IE        |    -26477 | NS      | $-1842004.89  | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CarMax, Inc.                                  | CarMax, Inc.                                          | CUSIP: 143130102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3574 | NS      | $-251788.30   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                            | Kimco Realty Corp.                                    | CUSIP: 49446R109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6710 | NS      | $150706.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)                    | Sherwin-Williams Co. (The)                            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1884 | NS      | $445735.56    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                      | Diamondback Energy, Inc.                              | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4978 | NS      | $727385.36    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.                   | Kinsale Capital Group, Inc.                           | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Short            | EC               | CORP              | US        |      -947 | NS      | $-263682.68   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                   | Amgen, Inc.                                           | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Short            | EC               | CORP              | US        |     -5791 | NS      | $-1461648.40  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                  | Infosys Ltd.                                          | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Short            | EC               | CORP              | IN        |    -12729 | NS      | $-239305.20   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                  | LyondellBasell Industries NV, Class A                 | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |       889 | NS      | $85957.41     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                             | Duke Energy Corp.                                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Short            | EC               | CORP              | US        |    -13174 | NS      | $-1349676.30  | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.                 | Jack Henry & Associates, Inc.                         | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Short            | EC               | CORP              | US        |     -2751 | NS      | $-495427.59   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                     | Williams Cos., Inc. (The)                             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Short            | EC               | CORP              | US        |     -7452 | NS      | $-240252.48   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global, Inc.                              | S&P Global, Inc.                                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      4688 | NS      | $1757718.72   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                          | Vornado Realty Trust                                  | CUSIP: 929042109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6023 | NS      | $-146900.97   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                     | Linde plc                                             | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |       958 | NS      | $317040.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                | AutoZone, Inc.                                        | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       185 | NS      | $451187.25    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                       | Regions Financial Corp.                               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Short            | EC               | CORP              | US        |    -18795 | NS      | $-442434.30   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                   | AvalonBay Communities, Inc.                           | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Short            | EC               | CORP              | US        |      -443 | NS      | $-78605.92    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                         | Lockheed Martin Corp.                                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Short            | EC               | CORP              | US        |     -1271 | NS      | $-588803.46   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.               | Principal Financial Group, Inc.                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Short            | EC               | CORP              | US        |    -15950 | NS      | $-1476172.50  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                     | T. Rowe Price Group, Inc.                             | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |     -8328 | NS      | $-969962.16   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                      | Roper Technologies, Inc.                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1841 | NS      | $785646.75    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc.  | Expeditors International of Washington, Inc.          | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Short            | EC               | CORP              | US        |     -1360 | NS      | $-147084.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands, Inc.                          | Conagra Brands, Inc.                                  | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Short            | EC               | CORP              | US        |     -9845 | NS      | $-366135.55   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics, Inc.                    | Sarepta Therapeutics, Inc.                            | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      8091 | NS      | $1011132.27   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery, Inc.                   | Warner Bros Discovery, Inc.                           | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Short            | EC               | CORP              | US        |    -64246 | NS      | $-952126.06   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                          | Meta Platforms, Inc., Class A                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     19527 | NS      | $2908937.19   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.              | Air Products and Chemicals, Inc.                      | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1067 | NS      | $341984.17    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                        | Costco Wholesale Corp.                                | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2067 | NS      | $1056526.38   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services, Inc.              | JB Hunt Transport Services, Inc.                      | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Short            | EC               | CORP              | US        |     -1836 | NS      | $-347095.80   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| WEX, Inc.                                     | WEX, Inc.                                             | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      5104 | NS      | $944086.88    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                   | Keysight Technologies, Inc.                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      6129 | NS      | $1099236.15   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                           | SVB Financial Group                                   | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |       398 | NS      | $120371.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International, Inc.               | Robert Half International, Inc.                       | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Short            | EC               | CORP              | US        |     -2719 | NS      | $-228287.24   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp.                            | Marathon Oil Corp.                                    | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |      8947 | NS      | $245774.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                        | Keurig Dr Pepper, Inc.                                | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      3265 | NS      | $115189.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                 | Comcast Corp., Class A                                | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6342 | NS      | $249557.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                                | QUALCOMM, Inc.                                        | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Short            | EC               | CORP              | US        |    -10145 | NS      | $-1351415.45  | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                  | Kohl's Corp.                                          | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Short            | EC               | CORP              | US        |     -6025 | NS      | $-195029.25   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co.                 | Canadian National Railway Co.                         | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      2261 | NS      | $269262.49    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                         | Gilead Sciences, Inc.                                 | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Short            | EC               | CORP              | US        |    -17391 | NS      | $-1459800.54  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Equifax, Inc.                                 | Equifax, Inc.                                         | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Short            | EC               | CORP              | US        |     -4548 | NS      | $-1010565.60  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group, Inc.         | Public Service Enterprise Group, Inc.                 | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     11162 | NS      | $691262.66    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                            | Lam Research Corp.                                    | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Short            | EC               | CORP              | US        |      -975 | NS      | $-487597.50   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                 | Netflix, Inc.                                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5772 | NS      | $2042479.92   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                     | PPL Corp.                                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     23555 | NS      | $697228.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co.                      | Arthur J Gallagher & Co.                              | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |      -417 | NS      | $-81615.24    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                             | Wells Fargo & Co.                                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     24641 | NS      | $1154923.67   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings, Inc.                 | Ryan Specialty Holdings, Inc.                         | CUSIP: 78351F107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5790 | NS      | $-246769.80   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                         | Harley-Davidson, Inc.                                 | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Short            | EC               | CORP              | US        |     -2583 | NS      | $-118895.49   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                 | PepsiCo, Inc.                                         | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      3453 | NS      | $590532.06    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                                 | Corning, Inc.                                         | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     23699 | NS      | $820222.39    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                           | Fifth Third Bancorp                                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     27497 | NS      | $997866.13    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.          | Cognizant Technology Solutions Corp., Class A         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      3711 | NS      | $247709.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class C                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Short            | EC               | CORP              | US        |     -2426 | NS      | $-242284.62   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                | Morgan Stanley                                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      8929 | NS      | $869059.57    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                    | Simon Property Group, Inc.                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Short            | EC               | CORP              | US        |     -9720 | NS      | $-1248631.20  | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                         | Electronic Arts, Inc.                                 | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Short            | EC               | CORP              | US        |     -6778 | NS      | $-872193.04   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings, Inc.                         | Affirm Holdings, Inc.                                 | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22800 | NS      | $369132.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                          | PPG Industries, Inc.                                  | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       802 | NS      | $104532.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                             | T-Mobile US, Inc.                                     | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5002 | NS      | $746848.62    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                  | Advanced Micro Devices, Inc.                          | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     12915 | NS      | $970562.25    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp.                          | Northern Trust Corp.                                  | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Short            | EC               | CORP              | US        |     -8007 | NS      | $-776438.79   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                   | Phillips 66                                           | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Short            | EC               | CORP              | US        |     -1589 | NS      | $-159329.03   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                  | Stanley Black & Decker, Inc.                          | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Short            | EC               | CORP              | US        |    -14233 | NS      | $-1271149.23  | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                  | Vertex Pharmaceuticals, Inc.                          | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4193 | NS      | $1354758.30   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                             | Lowe's Cos., Inc.                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      3774 | NS      | $785935.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                          | Analog Devices, Inc.                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      9768 | NS      | $1674918.96   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                    | eBay, Inc.                                            | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Short            | EC               | CORP              | US        |    -30892 | NS      | $-1529154.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.         | International Business Machines Corp.                 | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Short            | EC               | CORP              | US        |     -2490 | NS      | $-335477.70   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                   | Masco Corp.                                           | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Short            | EC               | CORP              | US        |     -2700 | NS      | $-143640.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                         | Colgate-Palmolive Co.                                 | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      4382 | NS      | $326590.46    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.                       | Quest Diagnostics, Inc.                               | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Short            | EC               | CORP              | US        |     -1408 | NS      | $-209059.84   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                  | Zoetis, Inc.                                          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Short            | EC               | CORP              | US        |     -5057 | NS      | $-836882.93   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                          | Allstate Corp. (The)                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Short            | EC               | CORP              | US        |     -9528 | NS      | $-1224062.16  | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos., Inc. (The)         | Interpublic Group of Cos., Inc. (The)                 | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Short            | EC               | CORP              | US        |    -25495 | NS      | $-929547.70   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp.                                      | VF Corp.                                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Short            | EC               | CORP              | US        |    -12047 | NS      | $-372734.18   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software, Inc.           | Take-Two Interactive Software, Inc.                   | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     14910 | NS      | $1688259.30   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp.                               | TC Energy Corp.                                       | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      5670 | NS      | $244603.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc               | Seagate Technology Holdings plc                       | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     24109 | NS      | $1634108.02   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                  | Verizon Communications, Inc.                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Short            | EC               | CORP              | US        |    -21669 | NS      | $-900780.33   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                             | Merck & Co., Inc.                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Short            | EC               | CORP              | US        |    -11672 | NS      | $-1253689.52  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.             | American Electric Power Co., Inc.                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Short            | EC               | CORP              | US        |    -12421 | NS      | $-1167077.16  | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp.                                    | IDEX Corp.                                            | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Short            | EC               | CORP              | US        |     -4863 | NS      | $-1165563.84  | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                | ConocoPhillips                                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      5642 | NS      | $687590.54    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                  | Ecolab, Inc.                                          | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Short            | EC               | CORP              | US        |      -203 | NS      | $-31430.49    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Comerica, Inc.                                | Comerica, Inc.                                        | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Short            | EC               | CORP              | US        |     -9906 | NS      | $-726208.86   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.           | Huntington Ingalls Industries, Inc.                   | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Short            | EC               | CORP              | US        |     -4257 | NS      | $-938838.78   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                | Citizens Financial Group, Inc.                        | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Short            | EC               | CORP              | US        |    -13382 | NS      | $-579708.24   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co.                            | DXC Technology Co.                                    | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Short            | EC               | CORP              | US        |     -1195 | NS      | $-34332.35    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                    | Charles Schwab Corp. (The)                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     10349 | NS      | $801219.58    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co.                                   | Kellogg Co.                                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Short            | EC               | CORP              | US        |     -6216 | NS      | $-426293.28   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                              | Boeing Co. (The)                                      | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Short            | EC               | CORP              | US        |    -11782 | NS      | $-2509566.00  | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding, Inc.                    | Ceridian HCM Holding, Inc.                            | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Short            | EC               | CORP              | US        |    -13310 | NS      | $-962046.80   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                          | Ingersoll Rand, Inc.                                  | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     15029 | NS      | $841624.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                           | Coca-Cola Co. (The)                                   | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      6704 | NS      | $411089.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                       | DuPont de Nemours, Inc.                               | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      6117 | NS      | $452352.15    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                  | Evergy, Inc.                                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Short            | EC               | CORP              | US        |     -3239 | NS      | $-202923.35   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                        | Norfolk Southern Corp.                                | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2935 | NS      | $721452.35    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                           | General Mills, Inc.                                   | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | EC               | CORP              | US        |     -9273 | NS      | $-726632.28   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp.                                    | Lear Corp.                                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      1173 | NS      | $170999.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow, Inc.                                     | Dow, Inc.                                             | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      2968 | NS      | $176150.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavor Group Holdings, Inc.                 | Endeavor Group Holdings, Inc., Class A                | CUSIP: 29260Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64568 | NS      | $1448260.24   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                  | Exelon Corp.                                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Short            | EC               | CORP              | US        |    -19044 | NS      | $-803466.36   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.               | Automatic Data Processing, Inc.                       | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Short            | EC               | CORP              | US        |      -514 | NS      | $-116066.34   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                        | Truist Financial Corp.                                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     15915 | NS      | $786041.85    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                     | APA Corp.                                             | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Short            | EC               | CORP              | US        |    -10854 | NS      | $-481157.82   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                   | Apple, Inc.                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |     -8159 | NS      | $-1177262.11  | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings, Inc.                  | LPL Financial Holdings, Inc.                          | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      1960 | NS      | $464755.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                               | BlackRock, Inc.                                       | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Short            | EC               | CORP              | US        |      -199 | NS      | $-151082.79   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares, Inc.                   | Huntington Bancshares, Inc.                           | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Short            | EC               | CORP              | US        |    -63865 | NS      | $-968832.05   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                           | Synchrony Financial                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Short            | EC               | CORP              | US        |    -20900 | NS      | $-767657.00   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos., Inc. (The)                 | Estee Lauder Cos., Inc. (The), Class A                | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      2385 | NS      | $660835.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                        | 3M Co.                                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Short            | EC               | CORP              | US        |    -13696 | NS      | $-1576135.68  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology, Inc.                        | Align Technology, Inc.                                | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Short            | EC               | CORP              | US        |      -590 | NS      | $-159140.70   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                              | Kroger Co. (The)                                      | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Short            | EC               | CORP              | US        |    -53414 | NS      | $-2383866.82  | -1.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                    | Edwards Lifesciences Corp.                            | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Short            | EC               | CORP              | US        |     -9135 | NS      | $-700654.50   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                           | Omnicom Group, Inc.                                   | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |    -29623 | NS      | $-2547281.77  | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                              | AutoNation, Inc.                                      | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5951 | NS      | $754110.72    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                                  | Humana, Inc.                                          | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       364 | NS      | $186258.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                               | Microsoft Corp.                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1201 | NS      | $297619.81    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron, Inc.                                 | Textron, Inc.                                         | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      3511 | NS      | $255776.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co.                 | Pioneer Natural Resources Co.                         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Short            | EC               | CORP              | US        |      -300 | NS      | $-69105.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner, Inc.                              | BorgWarner, Inc.                                      | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Short            | EC               | CORP              | US        |    -13997 | NS      | $-661778.16   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive, Inc.                       | Rivian Automotive, Inc., Class A                      | CUSIP: 76954A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2587 | NS      | $50187.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                | Prologis, Inc.                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      8032 | NS      | $1038376.96   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                    | NIKE, Inc., Class B                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      2121 | NS      | $270066.93    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Co.                                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Short            | EC               | CORP              | US        |     -3671 | NS      | $-1263374.65  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup, Inc.                              | AptarGroup, Inc.                                      | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Short            | EC               | CORP              | US        |     -3836 | NS      | $-443595.04   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| WR Berkley Corp.                              | WR Berkley Corp.                                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Short            | EC               | CORP              | US        |    -15417 | NS      | $-1081348.38  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                 | Paychex, Inc.                                         | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               | CORP              | US        |     -5774 | NS      | $-668975.64   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                       | Waste Connections, Inc.                               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     10250 | NS      | $1362225.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                 | Honeywell International, Inc.                         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      9558 | NS      | $1992651.84   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                  | Pfizer, Inc.                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Short            | EC               | CORP              | US        |    -16243 | NS      | $-717290.88   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.               | Martin Marietta Materials, Inc.                       | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1493 | NS      | $536942.52    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                   | Intel Corp.                                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Short            | EC               | CORP              | US        |    -19562 | NS      | $-552822.12   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp.                   | Raytheon Technologies Corp.                           | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     14943 | NS      | $1492058.55   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America                    | Packaging Corp. of America                            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Short            | EC               | CORP              | US        |      -807 | NS      | $-115158.90   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                          | HCA Healthcare, Inc.                                  | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1158 | NS      | $295371.06    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                      | Intuitive Surgical, Inc.                              | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2642 | NS      | $649112.98    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                            | State Street Corp.                                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      6624 | NS      | $604969.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | S&P 500 E-Mini Index                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-112563.62   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                  | Mondelez International, Inc., Class A                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      1266 | NS      | $82847.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                  | AbbVie, Inc.                                          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     13380 | NS      | $1976895.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                           | Iron Mountain, Inc.                                   | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |    -16853 | NS      | $-919836.74   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co. (The)                       | Western Union Co. (The)                               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Short            | EC               | CORP              | US        |   -107718 | NS      | $-1526364.06  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                           | Union Pacific Corp.                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3104 | NS      | $633805.76    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                         | NXP Semiconductors NV                                 | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     21132 | NS      | $3894838.92   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                              | Baker Hughes Co.                                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27080 | NS      | $859519.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.               | Regeneron Pharmaceuticals, Inc.                       | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1748 | NS      | $1325805.56   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                        | Booking Holdings, Inc.                                | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       137 | NS      | $333471.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                | Walgreens Boots Alliance, Inc.                        | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Short            | EC               | CORP              | US        |     -4105 | NS      | $-151310.30   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                 | Sempra Energy                                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      6329 | NS      | $1014728.57   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties, Inc.              | National Retail Properties, Inc.                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Short            | EC               | CORP              | US        |     -1842 | NS      | $-87218.70    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                             | Hershey Co. (The)                                     | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2644 | NS      | $593842.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                            | EPAM Systems, Inc.                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Short            | EC               | CORP              | US        |      -521 | NS      | $-173310.65   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                           | Donaldson Co., Inc.                                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Short            | EC               | CORP              | US        |    -15169 | NS      | $-945787.15   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                           | EOG Resources, Inc.                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4159 | NS      | $550027.75    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign, Inc.                                | DocuSign, Inc.                                        | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      2687 | NS      | $162939.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                      | UnitedHealth Group, Inc.                              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2077 | NS      | $1036817.63   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                | Thermo Fisher Scientific, Inc.                        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1183 | NS      | $674700.39    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna, Inc.                                 | Moderna, Inc.                                         | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Short            | EC               | CORP              | US        |    -12210 | NS      | $-2149692.60  | -1.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                              | Salesforce, Inc.                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Short            | EC               | CORP              | US        |     -1534 | NS      | $-257665.98   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                                   | FedEx Corp.                                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       349 | NS      | $67657.14     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                     | O'Reilly Automotive, Inc.                             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1065 | NS      | $843852.75    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                   | Dover Corp.                                           | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      7107 | NS      | $1079055.81   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                                 | MongoDB, Inc.                                         | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       213 | NS      | $45626.73     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                      | Advance Auto Parts, Inc.                              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Short            | EC               | CORP              | US        |     -1276 | NS      | $-194309.28   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group, Inc. (The) | Hartford Financial Services Group, Inc. (The)         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Short            | EC               | CORP              | US        |     -6407 | NS      | $-497247.27   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                              | McDonald's Corp.                                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      3149 | NS      | $842042.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                        | General Dynamics Corp.                                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Short            | EC               | CORP              | US        |     -1331 | NS      | $-310202.86   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health, Inc.                    | Elanco Animal Health, Inc.                            | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     71212 | NS      | $977740.76    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                           | Kinder Morgan, Inc.                                   | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     10500 | NS      | $192150.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class A                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Short            | EC               | CORP              | US        |     -2196 | NS      | $-217052.64   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                         | Leidos Holdings, Inc.                                 | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     10204 | NS      | $1008563.36   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                         | Kraft Heinz Co. (The)                                 | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Short            | EC               | CORP              | US        |     -6759 | NS      | $-273942.27   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands, Inc.                             | Yum! Brands, Inc.                                     | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      9502 | NS      | $1240106.02   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                        | Waste Management, Inc.                                | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Short            | EC               | CORP              | US        |      -388 | NS      | $-60035.24    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                       | Universal Display Corp.                               | CUSIP: 91347P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3725 | NS      | $-493674.25   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                  | Charter Communications, Inc., Class A                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      4457 | NS      | $1712869.67   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge, Inc.                                | Enbridge, Inc.                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Short            | EC               | CORP              | CA        |    -27154 | NS      | $-1112499.38  | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies, Inc.              | GE HealthCare Technologies, Inc.                      | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Short            | EC               | CORP              | US        |     -9114 | NS      | $-633605.19   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                         | Dominion Energy, Inc.                                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     10401 | NS      | $661919.64    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp.                                | Westlake Corp.                                        | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Short            | EC               | CORP              | US        |     -3013 | NS      | $-369845.75   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                            | Brown-Forman Corp., Class B                           | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |     -2152 | NS      | $-143280.16   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co.                     | Molson Coors Beverage Co., Class B                    | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Short            | EC               | CORP              | US        |    -11598 | NS      | $-609822.84   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies, Inc.                   | ZoomInfo Technologies, Inc.                           | CUSIP: 98980F104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3452 | NS      | $-97449.96    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                             | Caterpillar, Inc.                                     | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Short            | EC               | CORP              | US        |      -689 | NS      | $-173827.81   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                 | Centene Corp.                                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2463 | NS      | $187779.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                | Hewlett Packard Enterprise Co.                        | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Short            | EC               | CORP              | US        |    -67508 | NS      | $-1088904.04  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                 | Accenture plc, Class A                                | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | IE        |      -290 | NS      | $-80924.50    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp.                                | M&T Bank Corp.                                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2821 | NS      | $440076.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                  | NetApp, Inc.                                          | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Short            | EC               | CORP              | US        |     -4832 | NS      | $-320023.36   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                          | Eastman Chemical Co.                                  | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      1867 | NS      | $164613.39    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores, Inc.                       | Burlington Stores, Inc.                               | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      2462 | NS      | $565841.46    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.             | Booz Allen Hamilton Holding Corp.                     | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      5622 | NS      | $532066.08    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                                 | Workday, Inc., Class A                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1569 | NS      | $284663.67    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                      | Marathon Petroleum Corp.                              | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Short            | EC               | CORP              | US        |     -2006 | NS      | $-257811.12   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp.                                     | CSX Corp.                                             | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     11779 | NS      | $364206.68    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Block, Inc.                                   | Block, Inc.                                           | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      6883 | NS      | $562478.76    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings, Inc.                      | Sirius XM Holdings, Inc.                              | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Short            | EC               | CORP              | US        |   -118367 | NS      | $-685344.93   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                                   | Sysco Corp.                                           | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Short            | EC               | CORP              | US        |    -23616 | NS      | $-1829295.36  | -1.15%            |  |  |  | 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