# EDGAR Filing Document

**Accession Number:** 0001659326
**File Stem:** 0002071691-26-012761
**Filing Date:** 2026-5
**Character Count:** 133249
**Document Hash:** c0191e12eea3751818f25e272f5e3aae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012761.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0002071691-26-012761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN TRUST IV
- **CENTRAL INDEX KEY:** 0001659326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23117
- **FILM NUMBER:** 261043768

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JPMorgan Trust IV
- **DATE OF NAME CHANGE:** 20151124

## Series and Classes Contracts Data

### JPMorgan Preferred and Income Securities Fund (Series ID: S000075349)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234320 | Class R6     | JPDRX           |
| C000234321 | Class A      | JPDAX           |
| C000234322 | Class I      | JPDIX           |
| C000237453 | Class C      | JPDCX           |

## Nport-Ex

**JPMorgan Preferred and Income Securities Fund**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF March 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE** <br>**($000)**<br>|
| **Corporate Bonds — 83.9%** | **Corporate Bonds — 83.9%** | **Corporate Bonds — 83.9%** |
| **Banks — 45.8%** | **Banks — 45.8%** | **Banks — 45.8%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (Spain) | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (Spain) | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (Spain) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.10%), 9.38%, 3/19/2029 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 29950 | &nbsp;&nbsp;&nbsp;&nbsp; 32357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.25%), 7.75%, 1/14/2032 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3073 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA (Spain) | &nbsp;&nbsp;&nbsp; Banco Santander SA (Spain) | &nbsp;&nbsp;&nbsp; Banco Santander SA (Spain) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.30%), 9.63%, 5/21/2033 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 35200 | &nbsp;&nbsp;&nbsp;&nbsp; 40644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.91%), 8.00%, 2/1/2034 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4800 | &nbsp;&nbsp;&nbsp;&nbsp; 5062 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp.  | &nbsp;&nbsp;&nbsp; Bank of America Corp.  | &nbsp;&nbsp;&nbsp; Bank of America Corp.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series RR, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.76%), 4.38%, 1/27/2027 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7709 | &nbsp;&nbsp;&nbsp;&nbsp; 7615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series TT, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.13%, 4/27/2027 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4879 | &nbsp;&nbsp;&nbsp;&nbsp; 4888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series FF, (3-MONTH CME TERM SOFR + 3.19%), 5.88%, 3/15/2028 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6746 | &nbsp;&nbsp;&nbsp;&nbsp; 6752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.63%, 5/1/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 32281 | &nbsp;&nbsp;&nbsp;&nbsp; 33096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.35%), 6.25%, 7/26/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 27747 | &nbsp;&nbsp;&nbsp;&nbsp; 27914 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) | &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) | &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%), 7.70%, 5/26/2084 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4650 | &nbsp;&nbsp;&nbsp;&nbsp; 4775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.01%), 7.30%, 11/26/2084 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8355 | &nbsp;&nbsp;&nbsp;&nbsp; 8551 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) | &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) | &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%), 3.63%, 10/27/2081 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6913 | &nbsp;&nbsp;&nbsp;&nbsp; 6657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.39%), 8.63%, 10/27/2082 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12200 | &nbsp;&nbsp;&nbsp;&nbsp; 12680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.73%), 6.88%, 10/27/2085 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4125 | &nbsp;&nbsp;&nbsp;&nbsp; 4052 |
| &nbsp;&nbsp;&nbsp; Barclays plc (United Kingdom) | &nbsp;&nbsp;&nbsp; Barclays plc (United Kingdom) | &nbsp;&nbsp;&nbsp; Barclays plc (United Kingdom) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.43%), 8.00%, 3/15/2029 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4464 | &nbsp;&nbsp;&nbsp;&nbsp; 4619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 5.78%), 9.63%, 12/15/2029 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 16685 | &nbsp;&nbsp;&nbsp;&nbsp; 18199 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) | &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) | &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.97%), 9.25%, 11/17/2027 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 14145 | &nbsp;&nbsp;&nbsp;&nbsp; 14749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.90%), 7.75%, 8/16/2029 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 38484 | &nbsp;&nbsp;&nbsp;&nbsp; 39696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 6.88%, 12/15/2033 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 14620 | &nbsp;&nbsp;&nbsp;&nbsp; 14127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.54%), 7.38%, 9/10/2034 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5014 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc.  | &nbsp;&nbsp;&nbsp; Citigroup, Inc.  | &nbsp;&nbsp;&nbsp; Citigroup, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series Z, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.21%), 7.38%, 5/15/2028 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.21%), 7.63%, 11/15/2028 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 11376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series EE, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.57%), 6.75%, 2/15/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3950 | &nbsp;&nbsp;&nbsp;&nbsp; 3948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series FF, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.73%), 6.95%, 2/15/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7268 | &nbsp;&nbsp;&nbsp;&nbsp; 7322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GG, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.89%), 6.88%, 8/15/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 21755 | &nbsp;&nbsp;&nbsp;&nbsp; 21909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 6.63%, 2/15/2031 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series DD, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 2.76%), 7.00%, 8/15/2034 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 22128 | &nbsp;&nbsp;&nbsp;&nbsp; 22774 |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. Series C, (3-MONTH CME TERM SOFR + 3.42%), 7.07%, 7/6/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4094 | &nbsp;&nbsp;&nbsp;&nbsp; 4074 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG (Germany) (USD SOFR ICE Swap Rate 5 Year + 4.32%), 7.50%, 10/9/2030 (a) (b) (c) (d) (f) | &nbsp;&nbsp;&nbsp;&nbsp; 6200 | &nbsp;&nbsp;&nbsp;&nbsp; 6286 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (France) | &nbsp;&nbsp;&nbsp; Credit Agricole SA (France) | &nbsp;&nbsp;&nbsp; Credit Agricole SA (France) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 3.60%), 6.70%, 9/23/2034 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 18240 | &nbsp;&nbsp;&nbsp;&nbsp; 17963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 3.58%), 7.13%, 9/23/2035 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5047 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp  | &nbsp;&nbsp;&nbsp; Fifth Third Bancorp  | &nbsp;&nbsp;&nbsp; Fifth Third Bancorp  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series H, (3-MONTH CME TERM SOFR + 3.29%), 6.99%, 4/30/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 14200 | &nbsp;&nbsp;&nbsp;&nbsp; 14141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series J, (3-MONTH CME TERM SOFR + 3.39%), 7.09%, 4/30/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2925 | &nbsp;&nbsp;&nbsp;&nbsp; 2913 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc (United Kingdom) | &nbsp;&nbsp;&nbsp; HSBC Holdings plc (United Kingdom) | &nbsp;&nbsp;&nbsp; HSBC Holdings plc (United Kingdom) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.86%), 8.00%, 3/7/2028 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12721 | &nbsp;&nbsp;&nbsp;&nbsp; 13133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.99%), 7.05%, 6/5/2030 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2685 | &nbsp;&nbsp;&nbsp;&nbsp; 2705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.65%), 4.60%, 12/17/2030 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 44294 | &nbsp;&nbsp;&nbsp;&nbsp; 40454 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.19%), 6.95%, 3/11/2034 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 10220 | &nbsp;&nbsp;&nbsp;&nbsp; 10246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.80%), 7.00%, 9/24/2035 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11639 | &nbsp;&nbsp;&nbsp;&nbsp; 11524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. Series F, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 4.95%), 5.63%, <br> 7/15/2030 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6214 | &nbsp;&nbsp;&nbsp;&nbsp; 6271 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (Netherlands) | &nbsp;&nbsp;&nbsp; ING Groep NV (Netherlands) | &nbsp;&nbsp;&nbsp; ING Groep NV (Netherlands) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 4.36%), 8.00%, 5/16/2030 (a) (b) (c) (d) (f) | &nbsp;&nbsp;&nbsp;&nbsp; 35222 | &nbsp;&nbsp;&nbsp;&nbsp; 37083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 4.08%), 7.25%, 11/16/2034 (a) (b) (c) (d) (f) | &nbsp;&nbsp;&nbsp;&nbsp; 11700 | &nbsp;&nbsp;&nbsp;&nbsp; 11948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.15%), 6.75%, <br> 9/27/2031 (a) (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23239 | &nbsp;&nbsp;&nbsp;&nbsp; 23114 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc (United Kingdom) | &nbsp;&nbsp;&nbsp; NatWest Group plc (United Kingdom) | &nbsp;&nbsp;&nbsp; NatWest Group plc (United Kingdom) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.75%), 8.13%, 11/10/2033 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20075 | &nbsp;&nbsp;&nbsp;&nbsp; 21732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.94%), 7.30%, 11/19/2034 (a) (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7584 | &nbsp;&nbsp;&nbsp;&nbsp; 7704 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) | &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) | &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.66%), 6.30%, 9/25/2031 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 1858 | &nbsp;&nbsp;&nbsp;&nbsp; 1849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.75%, 11/10/2033 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 4342 | &nbsp;&nbsp;&nbsp;&nbsp; 4330 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The)  | &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The)  | &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.60%), 3.40%, 9/15/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 32236 | &nbsp;&nbsp;&nbsp;&nbsp; 31726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 7 Year + 2.81%), 6.25%, 3/15/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 14505 | &nbsp;&nbsp;&nbsp;&nbsp; 14632 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) | &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) | &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.82%), 6.75%, 8/24/2085 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 17625 | &nbsp;&nbsp;&nbsp;&nbsp; 17690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.50%, 11/24/2085 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11957 | &nbsp;&nbsp;&nbsp;&nbsp; 11558 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA (France) | &nbsp;&nbsp;&nbsp; Societe Generale SA (France) | &nbsp;&nbsp;&nbsp; Societe Generale SA (France) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.39%), 9.38%, 11/22/2027 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 14265 | &nbsp;&nbsp;&nbsp;&nbsp; 14915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.45%), 10.00%, 11/14/2028 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 7770 | &nbsp;&nbsp;&nbsp;&nbsp; 8392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.79%), 8.13%, 11/21/2029 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 7435 | &nbsp;&nbsp;&nbsp;&nbsp; 7653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.51%), 5.38%, 11/18/2030 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 9142 | &nbsp;&nbsp;&nbsp;&nbsp; 8568 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc (United Kingdom) | &nbsp;&nbsp;&nbsp; Standard Chartered plc (United Kingdom) | &nbsp;&nbsp;&nbsp; Standard Chartered plc (United Kingdom) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.98%), 7.75%, 8/15/2027 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 8610 | &nbsp;&nbsp;&nbsp;&nbsp; 8807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.57%), 7.88%, 3/8/2030 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 5695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.81%), 4.75%, 1/14/2031 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 12560 | &nbsp;&nbsp;&nbsp;&nbsp; 11487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.87%), 7.00%, 11/14/2035 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 8200 | &nbsp;&nbsp;&nbsp;&nbsp; 8032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (Japan) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.28%), <br> 6.60%, 6/5/2034 (a) (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9496 | &nbsp;&nbsp;&nbsp;&nbsp; 9384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.05%), 4.75%, <br> 3/1/2031 (a) (b) (c) (d) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6200 | &nbsp;&nbsp;&nbsp;&nbsp; 5752 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) | &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) | &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.08%), 8.13%, 10/31/2082 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7597 | &nbsp;&nbsp;&nbsp;&nbsp; 7838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.35%, 10/31/2085 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 23744 | &nbsp;&nbsp;&nbsp;&nbsp; 23361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp. Series N, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 6.67%, <br> 9/1/2026 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21047 | &nbsp;&nbsp;&nbsp;&nbsp; 21010 |
| &nbsp;&nbsp;&nbsp; US Bancorp (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.54%), 3.70%, 1/15/2027 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 17865 | &nbsp;&nbsp;&nbsp;&nbsp; 17512 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co.  | &nbsp;&nbsp;&nbsp; Wells Fargo & Co.  | &nbsp;&nbsp;&nbsp; Wells Fargo & Co.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.61%), 7.63%, 9/15/2028 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3865 | &nbsp;&nbsp;&nbsp;&nbsp; 4060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 6.85%, 9/15/2029 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 16949 | &nbsp;&nbsp;&nbsp;&nbsp; 17569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GG, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.34%), 6.13%, 6/15/2031 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 39980 | &nbsp;&nbsp;&nbsp;&nbsp; 40130 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 904131 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Capital Markets — 11.4%** | **Capital Markets — 11.4%** | **Capital Markets — 11.4%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The)  | &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The)  | &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.35%), 7.17%, 6/20/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F, (3-MONTH CME TERM SOFR + 3.39%), 4.63%, 9/20/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4852 | &nbsp;&nbsp;&nbsp;&nbsp; 4832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 3.75%, 12/20/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6729 | &nbsp;&nbsp;&nbsp;&nbsp; 6578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.30%), 6.30%, 3/20/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3059 | &nbsp;&nbsp;&nbsp;&nbsp; 3116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The) Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 3.08%), 4.00%, <br> 12/1/2030 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 40345 | &nbsp;&nbsp;&nbsp;&nbsp; 37321 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The)  | &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The)  | &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series U, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.92%), 3.65%, 8/10/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 7.50%, 2/10/2029 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8358 | &nbsp;&nbsp;&nbsp;&nbsp; 8725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series X, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.81%), 7.50%, 5/10/2029 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 28965 | &nbsp;&nbsp;&nbsp;&nbsp; 30345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.85%, 2/10/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20560 | &nbsp;&nbsp;&nbsp;&nbsp; 20957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series Y, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 2.40%), 6.13%, 11/10/2034 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8310 | &nbsp;&nbsp;&nbsp;&nbsp; 8267 |
| &nbsp;&nbsp;&nbsp; State Street Corp.  | &nbsp;&nbsp;&nbsp; State Street Corp.  | &nbsp;&nbsp;&nbsp; State Street Corp.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%), 6.70%, 3/15/2029 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 17829 | &nbsp;&nbsp;&nbsp;&nbsp; 18116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series J, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 6.70%, 9/15/2029 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 9544 | &nbsp;&nbsp;&nbsp;&nbsp; 9807 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Switzerland) | &nbsp;&nbsp;&nbsp; UBS Group AG (Switzerland) | &nbsp;&nbsp;&nbsp; UBS Group AG (Switzerland) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.76%), 9.25%, 11/13/2033 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 50522 | &nbsp;&nbsp;&nbsp;&nbsp; 56900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (USD SOFR ICE Swap Rate 5 Year + 3.32%), 7.00%, 1/8/2036 (a) (b) (c) (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 16002 | &nbsp;&nbsp;&nbsp;&nbsp; 15469 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 225419 |
| **Commercial Services & Supplies — 0.5%** | **Commercial Services & Supplies — 0.5%** | **Commercial Services & Supplies — 0.5%** |
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I 6.38%, 12/21/2065 (e) (g) | &nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 10187 |
| **Consumer Finance — 2.5%** | **Consumer Finance — 2.5%** | **Consumer Finance — 2.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC (Ireland) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.95%, <br> 3/10/2055 (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2390 | &nbsp;&nbsp;&nbsp;&nbsp; 2446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 7 Year + 3.48%), 4.70%, <br> 5/15/2028 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13610 | &nbsp;&nbsp;&nbsp;&nbsp; 12634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Co. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 3.55%, 9/15/2026 (b) (c) <br> (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13606 | &nbsp;&nbsp;&nbsp;&nbsp; 13452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. Series M, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 3.95%, <br> 9/1/2026 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10812 | &nbsp;&nbsp;&nbsp;&nbsp; 10656 |
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II 6.63%, 12/21/2065 (e) (g) | &nbsp;&nbsp;&nbsp;&nbsp; 12592 | &nbsp;&nbsp;&nbsp;&nbsp; 10931 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 50119 |
| **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; Bell Canada (The) (Canada) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%), 6.88%, 9/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4156 | &nbsp;&nbsp;&nbsp;&nbsp; 4203 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (Canada) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 6.63%, 10/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9205 |
| **Electric Utilities — 5.0%** | **Electric Utilities — 5.0%** | **Electric Utilities — 5.0%** |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.08%), 5.75%, 4/1/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2570 | &nbsp;&nbsp;&nbsp;&nbsp; 2499 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.59%), 6.45%, 9/1/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7395 | &nbsp;&nbsp;&nbsp;&nbsp; 7636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electricite de France SA (France) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.41%), 9.13%, <br> 3/15/2033 (b) (c) (d) (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7630 | &nbsp;&nbsp;&nbsp;&nbsp; 8836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emera US Finance LLC Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.65%), 6.85%, <br> 10/1/2056 (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7538 | &nbsp;&nbsp;&nbsp;&nbsp; 7547 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. (Canada) Series 16-A, (3-MONTH SOFR + 5.44%), 6.75%, 6/15/2076 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6839 | &nbsp;&nbsp;&nbsp;&nbsp; 6849 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Electric Utilities — continued** | **Electric Utilities — continued** | **Electric Utilities — continued** |
| &nbsp;&nbsp;&nbsp; Entergy Corp.  | &nbsp;&nbsp;&nbsp; Entergy Corp.  | &nbsp;&nbsp;&nbsp; Entergy Corp.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.67%), 7.13%, 12/1/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 10203 | &nbsp;&nbsp;&nbsp;&nbsp; 10455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.18%), 5.88%, 6/15/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8740 | &nbsp;&nbsp;&nbsp;&nbsp; 8623 |
| &nbsp;&nbsp;&nbsp; EUSHI Finance, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.51%), 6.25%, 4/1/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12360 | &nbsp;&nbsp;&nbsp;&nbsp; 12133 |
| &nbsp;&nbsp;&nbsp; Nevada Power Co. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.94%), 6.25%, 5/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 5630 | &nbsp;&nbsp;&nbsp;&nbsp; 5628 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc.  | &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc.  | &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.75%, 6/15/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4820 | &nbsp;&nbsp;&nbsp;&nbsp; 4986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.36%), 6.70%, 9/1/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.05%), 6.38%, 8/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3417 | &nbsp;&nbsp;&nbsp;&nbsp; 3481 |
| &nbsp;&nbsp;&nbsp; PG&E Corp.  | &nbsp;&nbsp;&nbsp; PG&E Corp.  | &nbsp;&nbsp;&nbsp; PG&E Corp.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.88%), 7.38%, 3/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6525 | &nbsp;&nbsp;&nbsp;&nbsp; 6567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.85%, 9/15/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3641 | &nbsp;&nbsp;&nbsp;&nbsp; 3598 |
| &nbsp;&nbsp;&nbsp; Sierra Pacific Power Co. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.55%), 6.20%, 12/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4895 | &nbsp;&nbsp;&nbsp;&nbsp; 4761 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 97684 |
| **Financial Services — 1.8%** | **Financial Services — 1.8%** | **Financial Services — 1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corebridge Financial, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.18%), 6.88%, <br> 12/1/2030 (a) (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 28902 | &nbsp;&nbsp;&nbsp;&nbsp; 29450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voya Financial, Inc. Series A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.36%), 7.76%, <br> 9/15/2028 (b) (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6747 | &nbsp;&nbsp;&nbsp;&nbsp; 6997 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 36447 |
| **Insurance — 4.2%** | **Insurance — 4.2%** | **Insurance — 4.2%** |
| &nbsp;&nbsp;&nbsp; Allstate Corp. (The) (3-MONTH SOFR + 2.12%), 6.50%, 5/15/2057 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3615 | &nbsp;&nbsp;&nbsp;&nbsp; 3686 |
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.58%), 6.88%, 6/28/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12220 | &nbsp;&nbsp;&nbsp;&nbsp; 11425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co. (Japan) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.91%), 6.10%, <br> 6/11/2055 (d) (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10009 |
| &nbsp;&nbsp;&nbsp; MetLife Capital Trust IV 7.88%, 12/15/2037 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 12833 | &nbsp;&nbsp;&nbsp;&nbsp; 13835 |
| &nbsp;&nbsp;&nbsp; MetLife, Inc.  | &nbsp;&nbsp;&nbsp; MetLife, Inc.  | &nbsp;&nbsp;&nbsp; MetLife, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 4/8/2038 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 15093 | &nbsp;&nbsp;&nbsp;&nbsp; 17696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.82%), 5.85%, 3/15/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4467 | &nbsp;&nbsp;&nbsp;&nbsp; 4384 |
| &nbsp;&nbsp;&nbsp; PartnerRe Finance B LLC (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.82%), 4.50%, 10/1/2050 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2393 |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc.  | &nbsp;&nbsp;&nbsp; Prudential Financial, Inc.  | &nbsp;&nbsp;&nbsp; Prudential Financial, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.00%, 9/1/2052 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 3793 | &nbsp;&nbsp;&nbsp;&nbsp; 3802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 6.75%, 3/1/2053 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 5120 | &nbsp;&nbsp;&nbsp;&nbsp; 5298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.40%), 6.50%, 3/15/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 9340 | &nbsp;&nbsp;&nbsp;&nbsp; 9568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 82096 |
| **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vale Overseas Ltd. (Brazil) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 6.00%, <br> 2/25/2056 (d) (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1973 | &nbsp;&nbsp;&nbsp;&nbsp; 1947 |
| **Multi-Utilities — 5.2%** | **Multi-Utilities — 5.2%** | **Multi-Utilities — 5.2%** |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp.  | &nbsp;&nbsp;&nbsp; CMS Energy Corp.  | &nbsp;&nbsp;&nbsp; CMS Energy Corp.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.12%), 4.75%, 6/1/2050 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4320 | &nbsp;&nbsp;&nbsp;&nbsp; 4190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.90%), 3.75%, 12/1/2050 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 10118 | &nbsp;&nbsp;&nbsp;&nbsp; 9230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.96%), 6.50%, 6/1/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2545 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc.  | &nbsp;&nbsp;&nbsp; Dominion Energy, Inc.  | &nbsp;&nbsp;&nbsp; Dominion Energy, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.20%), 4.35%, 1/15/2027 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 6538 | &nbsp;&nbsp;&nbsp;&nbsp; 6435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.51%), 7.00%, 6/1/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2430 | &nbsp;&nbsp;&nbsp;&nbsp; 2570 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Multi-Utilities — continued** | **Multi-Utilities — continued** | **Multi-Utilities — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%), 6.88%, 2/1/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8230 | &nbsp;&nbsp;&nbsp;&nbsp; 8470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.21%), 6.63%, 5/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 10290 | &nbsp;&nbsp;&nbsp;&nbsp; 10447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.26%), 6.00%, 2/15/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 16863 | &nbsp;&nbsp;&nbsp;&nbsp; 16756 |
| &nbsp;&nbsp;&nbsp; NiSource, Inc.  | &nbsp;&nbsp;&nbsp; NiSource, Inc.  | &nbsp;&nbsp;&nbsp; NiSource, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.45%), 6.95%, 11/30/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 9880 | &nbsp;&nbsp;&nbsp;&nbsp; 10160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.53%), 6.38%, 3/31/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 5060 | &nbsp;&nbsp;&nbsp;&nbsp; 5171 |
| &nbsp;&nbsp;&nbsp; Puget Energy, Inc.  | &nbsp;&nbsp;&nbsp; Puget Energy, Inc.  | &nbsp;&nbsp;&nbsp; Puget Energy, Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.96%), 7.00%, 9/15/2056 (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 3174 | &nbsp;&nbsp;&nbsp;&nbsp; 3150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 7.25%, 9/15/2056 (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 3174 | &nbsp;&nbsp;&nbsp;&nbsp; 3161 |
| &nbsp;&nbsp;&nbsp; Sempra  | &nbsp;&nbsp;&nbsp; Sempra  | &nbsp;&nbsp;&nbsp; Sempra  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.87%), 4.13%, 4/1/2052 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2350 | &nbsp;&nbsp;&nbsp;&nbsp; 2285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.79%), 6.88%, 10/1/2054 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8590 | &nbsp;&nbsp;&nbsp;&nbsp; 8682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 6.38%, 4/1/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 8309 | &nbsp;&nbsp;&nbsp;&nbsp; 8346 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 101598 |
| **Oil, Gas & Consumable Fuels — 5.9%** | **Oil, Gas & Consumable Fuels — 5.9%** | **Oil, Gas & Consumable Fuels — 5.9%** |
| &nbsp;&nbsp;&nbsp; BP Capital Markets plc  | &nbsp;&nbsp;&nbsp; BP Capital Markets plc  | &nbsp;&nbsp;&nbsp; BP Capital Markets plc  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.40%), 4.88%, 3/22/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.15%), 6.45%, 12/1/2033 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 5540 | &nbsp;&nbsp;&nbsp;&nbsp; 5761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.92%), 6.13%, 3/18/2035 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp;&nbsp;&nbsp; 7565 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) | &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) | &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 20-A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 5.75%, 7/15/2080 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 15490 | &nbsp;&nbsp;&nbsp;&nbsp; 15459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.42%), 7.63%, 1/15/2083 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 4530 | &nbsp;&nbsp;&nbsp;&nbsp; 4883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.43%), 8.50%, 1/15/2084 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 18304 | &nbsp;&nbsp;&nbsp;&nbsp; 20593 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP  | &nbsp;&nbsp;&nbsp; Energy Transfer LP  | &nbsp;&nbsp;&nbsp; Energy Transfer LP  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.69%), 6.50%, 11/15/2026 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 7.13%, 5/15/2030 (b) (c) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 15106 | &nbsp;&nbsp;&nbsp;&nbsp; 15375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.50%, 2/15/2056 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 18235 | &nbsp;&nbsp;&nbsp;&nbsp; 18016 |
| &nbsp;&nbsp;&nbsp; Transcanada Trust (Canada) | &nbsp;&nbsp;&nbsp; Transcanada Trust (Canada) | &nbsp;&nbsp;&nbsp; Transcanada Trust (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3-MONTH CME TERM SOFR + 4.42%), 5.50%, 9/15/2079 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12890 | &nbsp;&nbsp;&nbsp;&nbsp; 12778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.99%), 5.60%, 3/7/2082 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 12823 | &nbsp;&nbsp;&nbsp;&nbsp; 12572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 117200 |
| **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** |
| &nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (Canada) | &nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (Canada) | &nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (Canada) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.62%), 7.13%, 4/15/2055 (d) | &nbsp;&nbsp;&nbsp;&nbsp; 7533 | &nbsp;&nbsp;&nbsp;&nbsp; 7709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.59%), 5.25%, 3/15/2082 (d) (e) | &nbsp;&nbsp;&nbsp;&nbsp; 9560 | &nbsp;&nbsp;&nbsp;&nbsp; 9443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vodafone Group plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 4.13%, <br> 6/4/2081 (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2517 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds <br>(Cost $1,621,486)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1655702 |
|  | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>|  |
| **Preferred Stocks — 10.0%** | **Preferred Stocks — 10.0%** | **Preferred Stocks — 10.0%** |
| **Banks — 2.3%** | **Banks — 2.3%** | **Banks — 2.3%** |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp;&nbsp; Bank of America Corp. |
| &nbsp;&nbsp;&nbsp; Series LL, 5.00%, 4/30/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 1008 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Preferred Stocks — continued** | **Preferred Stocks — continued** | **Preferred Stocks — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; Series QQ, 4.25%, 11/17/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. Series II, 6.25%, 2/15/2031 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 389 | &nbsp;&nbsp;&nbsp;&nbsp; 9594 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. Series K, 6.35%, 12/15/2030 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 10032 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp. Series R, 4.75%, 6/1/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp;&nbsp; 3253 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp; US Bancorp |
| &nbsp;&nbsp;&nbsp; Series M, 4.00%, 4/29/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 780 |
| &nbsp;&nbsp;&nbsp; Series O, 4.50%, 4/15/2027 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 867 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. Series Z, 4.75%, 6/15/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 965 | &nbsp;&nbsp;&nbsp;&nbsp; 18335 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45569 |
| **Capital Markets — 2.9%** | **Capital Markets — 2.9%** | **Capital Markets — 2.9%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The) Series K, 6.15%, 3/20/2030 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 330 | &nbsp;&nbsp;&nbsp;&nbsp; 8250 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp; Morgan Stanley |
| &nbsp;&nbsp;&nbsp; Series I, 6.38%, 7/15/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp; Series O, 4.25%, 1/15/2027 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 657 | &nbsp;&nbsp;&nbsp;&nbsp; 11286 |
| &nbsp;&nbsp;&nbsp; Series K, 5.85%, 4/15/2027 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp; 1238 |
| &nbsp;&nbsp;&nbsp; Series P, 6.50%, 10/15/2027 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 606 | &nbsp;&nbsp;&nbsp;&nbsp; 15073 |
| &nbsp;&nbsp;&nbsp; Series Q, 6.63%, 10/15/2029 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 883 | &nbsp;&nbsp;&nbsp;&nbsp; 22293 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58154 |
| **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp; AT&T, Inc. |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 4/30/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 786 |
| &nbsp;&nbsp;&nbsp; Series C, 4.75%, 4/30/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 611 | &nbsp;&nbsp;&nbsp;&nbsp; 11235 |
| &nbsp;&nbsp;&nbsp; 5.35%, 11/1/2066 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 1063 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13084 |
| **Electric Utilities — 2.9%** | **Electric Utilities — 2.9%** | **Electric Utilities — 2.9%** |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp;&nbsp; Series U, 6.50%, 6/1/2085 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 869 | &nbsp;&nbsp;&nbsp;&nbsp; 21571 |
| &nbsp;&nbsp;&nbsp; Series .Z, 6.50%, 4/15/2086 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp;&nbsp;&nbsp; 8736 |
| &nbsp;&nbsp;&nbsp; SCE Trust VII Series M, 7.50%, 11/22/2028 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp; 5630 |
| &nbsp;&nbsp;&nbsp; SCE Trust VIII Series N, 6.95%, 5/13/2029 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp;&nbsp; 14208 |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc. 6.25%, 10/15/2085 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 328 | &nbsp;&nbsp;&nbsp;&nbsp; 8095 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58240 |
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| &nbsp;&nbsp;&nbsp; Allstate Corp. (The) Series J, 7.38%, 7/15/2028 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 2137 |
| &nbsp;&nbsp;&nbsp; Lincoln National Corp. Series D, 9.00%, 12/1/2027 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; 3322 |
| &nbsp;&nbsp;&nbsp; MetLife, Inc. | &nbsp;&nbsp;&nbsp; MetLife, Inc. | &nbsp;&nbsp;&nbsp; MetLife, Inc. |
| &nbsp;&nbsp;&nbsp; Series E, 5.63%, 4/30/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 1894 |
| &nbsp;&nbsp;&nbsp; Series F, 4.75%, 6/15/2026 ($25 par value) (h) | &nbsp;&nbsp;&nbsp;&nbsp; 246 | &nbsp;&nbsp;&nbsp;&nbsp; 4512 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11865 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Preferred Stocks — continued** | **Preferred Stocks — continued** | **Preferred Stocks — continued** |
| **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp. 5.88%, 3/1/2079 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp;&nbsp; 3560 |
| &nbsp;&nbsp;&nbsp; DTE Energy Co. Series H, 6.25%, 10/1/2085 ($25 par value) | &nbsp;&nbsp;&nbsp;&nbsp; 322 | &nbsp;&nbsp;&nbsp;&nbsp; 7665 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $201,397)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 198137 |
| **Exchange-Traded Funds — 2.1%** | **Exchange-Traded Funds — 2.1%** | **Exchange-Traded Funds — 2.1%** |
| **Fixed Income — 2.1%** | **Fixed Income — 2.1%** | **Fixed Income — 2.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Preferred ETF <br>(Cost $43,352)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3852 | &nbsp;&nbsp;&nbsp;&nbsp; 41903 |
| **Short-Term Investments — 3.2%** | **Short-Term Investments — 3.2%** | **Short-Term Investments — 3.2%** |
| **Investment Companies — 3.2%** | **Investment Companies — 3.2%** | **Investment Companies — 3.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 3.75% (i) (j) <br>(Cost $62,217)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 62211 | &nbsp;&nbsp;&nbsp;&nbsp; 62217 |
| **Total Investments — 99.2%** <br>**(Cost $1,928,452)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1957959** |
| **Other Assets in Excess of Liabilities — 0.8%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **15423** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1973382** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| CME | Chicago Mercantile Exchange |
| ETF | Exchange Traded Fund |
| ICE | Intercontinental Exchange |
| SOFR | Secured Overnight Financing Rate |
| USD | United States Dollar |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Contingent Capital security ("CoCo"). CoCos are hybrid debt securities that may be convertible into equity or may be written down if a pre-specified trigger event occurs. The total value of aggregate CoCo holdings at March 31, 2026 is $680,324 or 34.48% of the Fund's net assets as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Security is an interest bearing note with preferred security characteristics.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is perpetual and thus, does not have a predetermined maturity date. The coupon
 rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next
 call date. The coupon rate shown is the rate in effect as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security, linked to the referenced benchmark. The interest
 rate shown is the current rate as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
 Act of 1933, as amended.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of March
 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The date shown reflects the next call date on which the issuer may redeem the security
 at par value. The coupon rate for this security is based on par value and is in effect as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The rate shown is the current yield as of March 31, 2026.

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values ("NAV") of the Fund are calculated on a valuation date.

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1655702 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1655702 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 41903 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 41903 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 198137 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 198137 |

---

------

**JPMorgan Preferred and Income Securities Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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** |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; $62217 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $62217 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $302257 | &nbsp;&nbsp;&nbsp;&nbsp; $1655702 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1957959 |

---

**B. Investment Transactions with Affiliates**— The Fund invested in an Underlying Fund 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 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 March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** | **For the period ended March 31, 2026** |
| **Security Description** | **Value at** <br>**June 30,** <br>**2025** <br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**March 31,** <br>**2026**<br>| **Shares at** <br>**March 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, <br> 3.75% (a) (b)<br>| $58966 | $518061 | $514789 | $(16)<br>| $(5)<br>| $62217 | 62211 | $2379 | $— |

---

&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 March 31, 2026.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23117

- **c. CIK number of Registrant:** 0001659326

- **d. LEI of Registrant:** 549300OTMPZX852VDL37

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

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

- **a. Name of Series:** JPMorgan Preferred and Income Securities Fund

- **b. EDGAR series identifier (if any):** S000075349

- **c. LEI of Series:** 549300HNW9W4T1KS1666

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $1980609116.81

**Total Liabilities:** $10227308.16

**Net Assets:** $1970381808.65

**Cash Not Reported:** $17.88

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2264.25981000 | **1-Year:** 18574.39964000 | **5-Year:** 220803.81991000 | **10-Year:** 215970.49324000 | **30-Year:** 202728.95062000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 1091.38424000 | **1-Year:** 23435.52366000 | **5-Year:** 119919.23119000 | **10-Year:** 46927.12521000 | **30-Year:** 61395.28314000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237453 | 0.59%                | 0.69%                | -2.02%               |
| Class ID C000234322 | 0.66%                | 0.66%                | -2.06%               |
| Class ID C000234320 | 0.66%                | 0.66%                | -2.06%               |
| Class ID C000234321 | 0.64%                | 0.63%                | -1.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $585843.41               | $4136345.40                                |
| Month 2  | $-2177.63                | $4187772.00                                |
| Month 3  | $2830296.17              | $-53168161.97                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Transcanada Trust                        | Transcanada Trust                                  | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |  12823000 | PA      | $12571640.99  | 0.64%             | 2082-03-07      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                 | Lloyds Banking Group plc                           | CUSIP: 53944YBB8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  23239000 | PA      | $23114399.69  | 1.17%             | 2031-09-27      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                          | Nordea Bank Abp                                    | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   4342000 | PA      | $4329649.62   | 0.22%             | 2033-11-10      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fifth Third Bancorp                      | Fifth Third Bancorp, Series H                      | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |  14200000 | PA      | $14140652.52  | 0.72%             | 2026-05-08      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Puget Energy, Inc.                       | Puget Energy, Inc.                                 | CUSIP: 745310AR3<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   3174000 | PA      | $3149815.55   | 0.16%             | 2056-09-15      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                        | HSBC Holdings plc                                  | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  10220000 | PA      | $10246132.54  | 0.52%             | 2034-03-11      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The), Series I      | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   6729000 | PA      | $6577849.84   | 0.33%             | 2026-12-20      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                           | NiSource, Inc.                                     | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   9880000 | PA      | $10159594.12  | 0.52%             | 2054-11-30      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Commerzbank AG                           | Commerzbank AG                                     | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | DBT              | CORP              | DE        |   6200000 | PA      | $6286118.00   | 0.32%             | 2030-10-09      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| M&T Bank Corp.                           | M&T Bank Corp., Series K                           | CUSIP: 55261F849<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    400000 | NS      | $10032000.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                     | Allstate Corp. (The)                               | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   3615000 | PA      | $3685579.26   | 0.19%             | 2057-05-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Sierra Pacific Power Co.                 | Sierra Pacific Power Co.                           | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |   4895000 | PA      | $4760983.22   | 0.24%             | 2055-12-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                     | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5013530.00   | 0.25%             | 2034-09-10      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EUSHI Finance, Inc.                      | EUSHI Finance, Inc.                                | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12360000 | PA      | $12133206.36  | 0.62%             | 2056-04-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                   | Truist Financial Corp., Series N                   | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  21047000 | PA      | $21009932.02  | 1.07%             | 2026-09-01      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| PartnerRe Finance B LLC                  | PartnerRe Finance B LLC                            | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2393336.00   | 0.12%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                     | Royal Bank of Canada                               | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  11957000 | PA      | $11558055.89  | 0.59%             | 2085-11-24      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc., Series E                            | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     84411 | NS      | $1894182.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The)                | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   3059000 | PA      | $3116597.91   | 0.16%             | 2030-03-20      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                       | State Street Corp., Series I                       | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  17829000 | PA      | $18116082.56  | 0.92%             | 2029-03-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets plc                   | BP Capital Markets plc                             | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   5540000 | PA      | $5760680.36   | 0.29%             | 2033-12-01      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.              | Huntington Bancshares, Inc., Series F              | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   6214000 | PA      | $6270578.47   | 0.32%             | 2030-07-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The), Series U          | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2477657.25   | 0.13%             | 2026-08-10      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series GG                         | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  21755000 | PA      | $21908546.79  | 1.11%             | 2030-08-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co.          | Meiji Yasuda Life Insurance Co.                    | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |  10000000 | PA      | $10009130.00  | 0.51%             | 2055-06-11      | Variable      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| ILFC E-Capital Trust II                  | ILFC E-Capital Trust II                            | CUSIP: 44965UAA2<br>LEI: N/A                  | Long             | SN               | CORP              | US        |  12592000 | PA      | $10930823.07  | 0.55%             | 2065-12-21      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                         | Bank of Montreal                                   | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4650000 | PA      | $4775340.75   | 0.24%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Puget Energy, Inc.                       | Puget Energy, Inc.                                 | CUSIP: 745310AT9<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   3174000 | PA      | $3160605.09   | 0.16%             | 2056-09-15      | Variable      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                        | NatWest Group plc                                  | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  20075000 | PA      | $21731729.53  | 1.10%             | 2033-11-10      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Emera, Inc.                              | Emera, Inc., Series 16-A                           | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   6839000 | PA      | $6848779.77   | 0.35%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Sempra                                   | Sempra                                             | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   8309000 | PA      | $8346415.43   | 0.42%             | 2056-04-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                   | Lincoln National Corp., Series D                   | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    127076 | NS      | $3321766.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered plc                   | Standard Chartered plc                             | CUSIP: 853254DH0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   8200000 | PA      | $8032474.00   | 0.41%             | 2035-11-14      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Enbridge, Inc.                           | Enbridge, Inc., Series 20-A                        | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  15490000 | PA      | $15459425.84  | 0.78%             | 2080-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                              | TELUS Corp.                                        | CUSIP: 87971MCL5<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5001830.00   | 0.25%             | 2055-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| US Bancorp                               | US Bancorp, Series M                               | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     50000 | NS      | $780000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia (The)                | Bank of Nova Scotia (The)                          | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4125000 | PA      | $4052224.61   | 0.21%             | 2085-10-27      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The), Series F      | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   4852000 | PA      | $4831832.66   | 0.25%             | 2026-09-20      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                              | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  27747000 | PA      | $27914120.18  | 1.42%             | 2030-07-26      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                         | Bank of Montreal                                   | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   8355000 | PA      | $8551334.15   | 0.43%             | 2084-11-26      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp., Series FF                   | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6746000 | PA      | $6751767.83   | 0.34%             | 2028-03-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                   | Standard Chartered plc                             | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   8610000 | PA      | $8806738.50   | 0.45%             | 2027-08-15      | Variable      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.           | Citizens Financial Group, Inc., Series C           | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4094000 | PA      | $4074164.98   | 0.21%             | 2026-07-06      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Voya Financial, Inc.                     | Voya Financial, Inc., Series A                     | CUSIP: 929089AG5<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   6747000 | PA      | $6996591.77   | 0.36%             | 2028-09-15      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                             | UBS Group AG                                       | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  50522000 | PA      | $56899846.76  | 2.89%             | 2033-11-13      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                       | Credit Agricole SA                                 | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  18240000 | PA      | $17963071.20  | 0.91%             | 2034-09-23      | Variable      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co., Series GG                       | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  39980000 | PA      | $40130472.33  | 2.04%             | 2031-06-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.               | Prudential Financial, Inc.                         | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   9340000 | PA      | $9567410.32   | 0.49%             | 2054-03-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc.                                    | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2702025.62   | 0.14%             | 2031-02-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                               | AT&T, Inc., Series A                               | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     40000 | NS      | $785600.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group plc                       | Vodafone Group plc                                 | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2750000 | PA      | $2517107.73   | 0.13%             | 2081-06-04      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Bell Canada (The)                        | Bell Canada (The)                                  | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   4156000 | PA      | $4203095.79   | 0.21%             | 2055-09-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                      | Societe Generale SA                                | CUSIP: 83370RAE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   7435000 | PA      | $7652615.02   | 0.39%             | 2029-11-21      | Variable      | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                              | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  32281000 | PA      | $33095933.85  | 1.68%             | 2030-05-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The), Series H      | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2507720.00   | 0.13%             | 2026-06-20      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc., Series B                    | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2570186.70   | 0.13%             | 2054-06-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                               | US Bancorp                                         | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  17865000 | PA      | $17511760.71  | 0.89%             | 2027-01-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                   | Truist Financial Corp., Series R                   | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |    179412 | NS      | $3252739.56   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                   | Sempra                                             | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   8590000 | PA      | $8682488.53   | 0.44%             | 2054-10-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                           | Enbridge, Inc.                                     | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  18304000 | PA      | $20593409.41  | 1.05%             | 2084-01-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The), Series W | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  14505000 | PA      | $14632266.87  | 0.74%             | 2030-03-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc.                                      | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  15093000 | PA      | $17695425.62  | 0.90%             | 2038-04-08      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series Z                          | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1291513.75   | 0.07%             | 2028-05-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc., Series C                    | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   6538000 | PA      | $6434666.26   | 0.33%             | 2027-01-15      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                        | HSBC Holdings plc                                  | CUSIP: 404280FJ3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  11639000 | PA      | $11523591.17  | 0.58%             | 2035-09-24      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The), Series W          | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8358000 | PA      | $8725492.90   | 0.44%             | 2029-02-10      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                     | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  14620000 | PA      | $14127170.03  | 0.72%             | 2033-12-15      | Variable      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The), Series X          | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  28965000 | PA      | $30344892.60  | 1.54%             | 2029-05-10      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co.                                  | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  16949000 | PA      | $17569418.15  | 0.89%             | 2029-09-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.              | Capital One Financial Corp., Series M              | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10812000 | PA      | $10655872.56  | 0.54%             | 2026-09-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)              | Toronto-Dominion Bank (The)                        | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7597000 | PA      | $7837566.60   | 0.40%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.              | Rogers Communications, Inc.                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   9560000 | PA      | $9443151.94   | 0.48%             | 2082-03-15      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC               | AerCap Ireland Capital DAC                         | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2390000 | PA      | $2446110.08   | 0.12%             | 2055-03-10      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc., Series F                            | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |    245745 | NS      | $4511878.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The), Series T | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  32236000 | PA      | $31726442.00  | 1.61%             | 2026-09-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                   | Standard Chartered plc                             | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  12560000 | PA      | $11486754.28  | 0.58%             | 2031-01-14      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                | Bank of Nova Scotia (The)                          | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  12200000 | PA      | $12680436.00  | 0.64%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.    | NextEra Energy Capital Holdings, Inc., Series .Z   | CUSIP: 65339K829<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |    350000 | NS      | $8736000.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource, Inc.                           | NiSource, Inc.                                     | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5170581.24   | 0.26%             | 2055-03-31      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                   | Standard Chartered plc                             | CUSIP: 853254DA5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5500000 | PA      | $5694645.00   | 0.29%             | 2030-03-08      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series II                         | CUSIP: 172967242<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    389202 | NS      | $9593829.30   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                      | Athene Holding Ltd.                                | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |  12220000 | PA      | $11425119.55  | 0.58%             | 2055-06-28      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.    | NextEra Energy Capital Holdings, Inc.              | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4085372.00   | 0.21%             | 2054-09-01      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.    | Sumitomo Mitsui Financial Group, Inc.              | CUSIP: 86562MDK3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   9496000 | PA      | $9383538.87   | 0.48%             | 2034-06-05      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)               | Charles Schwab Corp. (The), Series H               | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |  40345000 | PA      | $37320625.03  | 1.89%             | 2030-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                               | AT&T, Inc., Series C                               | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |    610615 | NS      | $11235316.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund         | JPMorgan Prime Money Market Fund, Class IM         | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  62210847 | NS      | $62217068.22  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                       | State Street Corp., Series J                       | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   9544000 | PA      | $9806774.95   | 0.50%             | 2029-09-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)              | Toronto-Dominion Bank (The)                        | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  23744000 | PA      | $23361327.45  | 1.19%             | 2085-10-31      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley, Series P                           | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    606076 | NS      | $15073110.12  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BP Capital Markets plc                   | BP Capital Markets plc                             | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   7500000 | PA      | $7564777.50   | 0.38%             | 2035-03-18      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.    | NextEra Energy Capital Holdings, Inc.              | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3417000 | PA      | $3481075.58   | 0.18%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                               | AT&T, Inc.                                         | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     50000 | NS      | $1063000.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Capital Trust IV                 | MetLife Capital Trust IV                           | CUSIP: 591560AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12833000 | PA      | $13834756.81  | 0.70%             | 2037-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                      | Societe Generale SA                                | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   7770000 | PA      | $8392381.74   | 0.43%             | 2028-11-14      | Variable      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Barclays plc                             | Barclays plc                                       | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4464000 | PA      | $4619163.19   | 0.23%             | 2029-03-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc., Series A                    | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   8230000 | PA      | $8470073.46   | 0.43%             | 2055-02-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.               | Corebridge Financial, Inc.                         | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |  28902000 | PA      | $29450473.25  | 1.49%             | 2030-12-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series EE                         | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3948220.92   | 0.20%             | 2030-02-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                     | Royal Bank of Canada                               | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  17625000 | PA      | $17689507.50  | 0.90%             | 2085-08-24      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Transcanada Trust                        | Transcanada Trust                                  | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |  12890000 | PA      | $12778145.74  | 0.65%             | 2079-09-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                             | UBS Group AG                                       | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  16002000 | PA      | $15469461.60  | 0.79%             | 2036-01-08      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CMS Energy Corp.                         | CMS Energy Corp.                                   | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2545087.50   | 0.13%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                      | Societe Generale SA                                | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  14265000 | PA      | $14915113.11  | 0.76%             | 2027-11-22      | Variable      | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA       | Banco Bilbao Vizcaya Argentaria SA                 | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |  29950000 | PA      | $32357410.95  | 1.64%             | 2029-03-19      | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Ltd.                       | Vale Overseas Ltd.                                 | CUSIP: 91911TAT0<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   1973000 | PA      | $1947153.70   | 0.10%             | 2056-02-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Emera US Finance LLC                     | Emera US Finance LLC, Series B                     | CUSIP: 29103HAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7538000 | PA      | $7547113.44   | 0.38%             | 2056-10-01      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                      | Fifth Third Bancorp, Series J                      | CUSIP: 316773CR9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2912813.87   | 0.15%             | 2026-05-08      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets plc                   | BP Capital Markets plc                             | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1725000 | PA      | $1702944.15   | 0.09%             | 2030-03-22      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp.                         | CMS Energy Corp.                                   | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4189660.42   | 0.21%             | 2050-06-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co., Series Z                        | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    965000 | NS      | $18335000.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The), Series K      | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    330000 | NS      | $8250000.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc.                              | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  10290000 | PA      | $10447519.32  | 0.53%             | 2055-05-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series AA                         | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11375749.00  | 0.58%             | 2028-11-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley, Series K                           | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     52962 | NS      | $1237721.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The)                    | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  20560000 | PA      | $20957075.28  | 1.06%             | 2030-02-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.               | Prudential Financial, Inc.                         | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   5120000 | PA      | $5298227.20   | 0.27%             | 2053-03-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| SCE Trust VII                            | SCE Trust VII, Series M                            | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    230000 | NS      | $5630400.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                            | Entergy Corp.                                      | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |  10203000 | PA      | $10454789.63  | 0.53%             | 2054-12-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                        | HSBC Holdings plc                                  | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2685000 | PA      | $2704759.67   | 0.14%             | 2030-06-05      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                 | Electricite de France SA                           | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |   7630000 | PA      | $8835623.93   | 0.45%             | 2033-03-15      | Variable      | 9.12%                 | Yes           |                  2 | On Loan: No      |
| ING Groep NV                             | ING Groep NV                                       | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | DBT              | CORP              | NL        |  11700000 | PA      | $11948344.20  | 0.61%             | 2034-11-16      | Variable      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Prudential Financial, Inc.               | Prudential Financial, Inc.                         | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   3793000 | PA      | $3802300.44   | 0.19%             | 2052-09-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Nevada Power Co.                         | Nevada Power Co.                                   | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |   5630000 | PA      | $5627798.90   | 0.29%             | 2055-05-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                       | Banco Santander SA                                 | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  35200000 | PA      | $40644489.60  | 2.06%             | 2033-05-21      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.    | NextEra Energy Capital Holdings, Inc., Series U    | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |    869442 | NS      | $21570856.02  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                        | HSBC Holdings plc                                  | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  12721000 | PA      | $13132956.86  | 0.67%             | 2028-03-07      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp., Series QQ                   | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    100000 | NS      | $1700000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                         | CMS Energy Corp.                                   | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |  10118000 | PA      | $9230278.05   | 0.47%             | 2050-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co.                                  | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3865000 | PA      | $4060116.80   | 0.21%             | 2028-09-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| US Bancorp                               | US Bancorp, Series O                               | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     50000 | NS      | $867500.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                            | Entergy Corp.                                      | CUSIP: 29364GAR4<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   8740000 | PA      | $8623577.34   | 0.44%             | 2056-06-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp., Series RR                   | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7709000 | PA      | $7615404.26   | 0.39%             | 2027-01-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                           | Enbridge, Inc.                                     | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4530000 | PA      | $4883503.08   | 0.25%             | 2083-01-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                          | Nordea Bank Abp                                    | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1858000 | PA      | $1848796.77   | 0.09%             | 2031-09-25      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| American Express Co.                     | American Express Co.                               | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  13606000 | PA      | $13451792.59  | 0.68%             | 2026-09-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                               | PG&E Corp.                                         | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6566854.09   | 0.33%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                       | Energy Transfer LP, Series G                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  15106000 | PA      | $15375264.45  | 0.78%             | 2030-05-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                      | Societe Generale SA                                | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   9142000 | PA      | $8568484.86   | 0.43%             | 2030-11-18      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                       | Credit Agricole SA                                 | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5047320.00   | 0.26%             | 2035-09-23      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                       | Energy Transfer LP                                 | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  18235000 | PA      | $18015794.51  | 0.91%             | 2056-02-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays plc                             | Barclays plc                                       | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  16685000 | PA      | $18199247.18  | 0.92%             | 2029-12-15      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                        | HSBC Holdings plc                                  | CUSIP: 404280CN7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  44294000 | PA      | $40453989.25  | 2.05%             | 2030-12-17      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc.                              | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  16863000 | PA      | $16755530.41  | 0.85%             | 2056-02-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                           | DTE Energy Co., Series H                           | CUSIP: 233331792<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    322200 | NS      | $7665138.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA       | Banco Bilbao Vizcaya Argentaria SA                 | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   3000000 | PA      | $3072675.00   | 0.16%             | 2032-01-14      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                     | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  14145000 | PA      | $14749401.71  | 0.75%             | 2027-11-17      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                     | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  38484000 | PA      | $39695784.19  | 2.01%             | 2029-08-16      | Variable      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                       | Energy Transfer LP, Series H                       | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2494983.38   | 0.13%             | 2026-11-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                | Bank of Nova Scotia (The), Series 2                | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   6913000 | PA      | $6656924.51   | 0.34%             | 2081-10-27      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust I                   | ILFC E-Capital Trust I                             | CUSIP: 44965TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12000000 | PA      | $10186582.80  | 0.52%             | 2065-12-21      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp., Series TT                   | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4879000 | PA      | $4887968.92   | 0.25%             | 2027-04-27      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                       | Banco Santander SA                                 | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4800000 | PA      | $5061782.40   | 0.26%             | 2034-02-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                 | Svenska Handelsbanken AB                           | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | DBT              | CORP              | SE        |   6200000 | PA      | $5751621.33   | 0.29%             | 2031-03-01      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CMS Energy Corp.                         | CMS Energy Corp.                                   | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    161074 | NS      | $3559735.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.    | NextEra Energy Capital Holdings, Inc.              | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4986453.88   | 0.25%             | 2054-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The), Series Y          | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8310000 | PA      | $8266764.57   | 0.42%             | 2034-11-10      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.              | Rogers Communications, Inc.                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   7533000 | PA      | $7708428.58   | 0.39%             | 2055-04-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Invesco Preferred ETF                    | Invesco Preferred ETF                              | CUSIP: 46138E511<br>LEI: 549300J11Q08WEERN210 | Long             |  | RF                | US        |   3851400 | NS      | $41903232.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley, Series I                           | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |       552 | NS      | $13557.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp., Series LL                   | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     50000 | NS      | $1008500.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                     | Allstate Corp. (The), Series J                     | CUSIP: 020002788<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |     84000 | NS      | $2136960.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                     | Alliant Energy Corp.                               | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2498697.15   | 0.13%             | 2056-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Xcel Energy, Inc.                        | Xcel Energy, Inc.                                  | CUSIP: 98389B878<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EP               | CORP              | US        |    328000 | NS      | $8095040.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series FF                         | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7268000 | PA      | $7321972.89   | 0.37%             | 2030-02-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                     | Ally Financial, Inc., Series C                     | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |  13610000 | PA      | $12634248.74  | 0.64%             | 2028-05-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Sempra                                   | Sempra                                             | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2285397.56   | 0.12%             | 2052-04-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| EURO                                     | EURO                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |      1132 | OU      | $1308.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley, Series Q                           | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    883245 | NS      | $22293103.80  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley, Series O                           | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    657333 | NS      | $11286407.61  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                        | Duke Energy Corp.                                  | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   7395000 | PA      | $7636387.59   | 0.39%             | 2054-09-01      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                               | PG&E Corp.                                         | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   3641000 | PA      | $3597775.14   | 0.18%             | 2056-09-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                             | ING Groep NV                                       | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | DBT              | CORP              | NL        |  35222000 | PA      | $37083231.92  | 1.88%             | 2030-05-16      | Variable      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc.                                      | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4467000 | PA      | $4384324.23   | 0.22%             | 2056-03-15      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc., Series DD                         | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  22128000 | PA      | $22773739.30  | 1.16%             | 2034-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                        | NatWest Group plc                                  | CUSIP: 639057AT5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   7584000 | PA      | $7703584.51   | 0.39%             | 2034-11-19      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| SCE Trust VIII                           | SCE Trust VIII, Series N                           | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    600000 | NS      | $14208000.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** JPMorgan Trust IV

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer