# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001752724-23-016719
**Filing Date:** 2023-1
**Character Count:** 187315
**Document Hash:** f7e5e96fe182099e2f347c4bf11d849a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016719.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016719

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230228

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 23563094

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

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

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

## Series and Classes Contracts Data

### JPMorgan Floating Rate Income Fund (Series ID: S000032548)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000100362 | Class A      | JPHAX           |
| C000100363 | Class C      | JPHCX           |
| C000100364 | Class I      | JPHSX           |
| C000132280 | Class R6     | JPHRX           |

## Nport-Ex

**JPMorgan Floating Rate Income Fund**

**Schedule of Portfolio Investments as of November 30, 2022**

**(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., 2022. |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>| <br> **VALUE** <br>**($000)**<br>|
| **Loan Assignments — 73.9%** (a) (b) | **Loan Assignments — 73.9%** (a) (b) | **Loan Assignments — 73.9%** (a) (b) |
| **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** |
| &nbsp;&nbsp;&nbsp; Spirit Aerosystems, Inc., 1st Lien Term Loan B (3-MONTH SOFR + 4.50%), 5.00%, 1/15/2027 (c) | 795 | 785 |
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc., 1st Lien Term Loan F (ICE LIBOR USD 3 Month + 2.25%), 5.92%, 12/9/2025 | 1799 | 1770 |
| &nbsp;&nbsp;&nbsp; Ultra Resources, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 7.06%, 8/3/2029 | 1721 | 1665 |
| &nbsp;&nbsp;&nbsp; Vertex Aerospace Services Corp., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 12/6/2028 | 2008 | 1970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6190 |
| **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 5.25%), 8.78%, 6/21/2027 (c) | 1140 | 1171 |
| &nbsp;&nbsp;&nbsp; WestJet Airlines Ltd., 1st Lien Term Loan (Canada) (ICE LIBOR USD 1 Month + 3.00%), 6.94%, 12/11/2026 | 1393 | 1247 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2418 |
| **Auto Components — 1.6%** | **Auto Components — 1.6%** | **Auto Components — 1.6%** |
| &nbsp;&nbsp;&nbsp; Adient US LLC, Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 4/10/2028 | 2040 | 2012 |
| &nbsp;&nbsp;&nbsp; DexKo Global, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%; ICE LIBOR USD 3 Month + 3.75%), 7.68%, 10/4/2028 | &nbsp;&nbsp;&nbsp; 1655 | &nbsp;&nbsp;&nbsp;&nbsp; 1494 |
| &nbsp;&nbsp;&nbsp; Truck Hero, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 1/31/2028 | &nbsp;&nbsp;&nbsp; 1331 | &nbsp;&nbsp;&nbsp;&nbsp; 1122 |
| &nbsp;&nbsp;&nbsp; Wheel Pros, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 4.50%), 8.82%, 5/11/2028 | &nbsp;&nbsp;&nbsp; 1910 | &nbsp;&nbsp;&nbsp;&nbsp; 1259 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5887 |
| **Automobiles — 0.2%** | **Automobiles — 0.2%** | **Automobiles — 0.2%** |
| &nbsp;&nbsp;&nbsp; Holley, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 8.34%, 11/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844 |
| **Beverages — 0.8%** | **Beverages — 0.8%** | **Beverages — 0.8%** |
| &nbsp;&nbsp;&nbsp; Triton Water Holdings, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 7.17%, 3/31/2028 (c) | &nbsp;&nbsp;&nbsp; 1604 | &nbsp;&nbsp;&nbsp;&nbsp; 1476 |
| &nbsp;&nbsp;&nbsp; Tropicana, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.25%), 6.90%, 1/24/2029 | &nbsp;&nbsp;&nbsp; 1501 | &nbsp;&nbsp;&nbsp;&nbsp; 1411 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2887 |
| **Building Products — 1.4%** | **Building Products — 1.4%** | **Building Products — 1.4%** |
| &nbsp;&nbsp;&nbsp; Advanced Drainage Systems, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.25%), 6.09%, 7/31/2026 | &nbsp;&nbsp;&nbsp; 1193 | &nbsp;&nbsp;&nbsp;&nbsp; 1195 |
| &nbsp;&nbsp;&nbsp; Griffon Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.50%), 7.01%, 1/24/2029 | &nbsp;&nbsp;&nbsp; 2076 | &nbsp;&nbsp;&nbsp;&nbsp; 2036 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 6/11/2028 | &nbsp;&nbsp;&nbsp; 2003 | &nbsp;&nbsp;&nbsp;&nbsp; 1970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5201 |
| **Capital Markets — 0.3%** | **Capital Markets — 0.3%** | **Capital Markets — 0.3%** |
| &nbsp;&nbsp;&nbsp; Duff & Phelps Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.75%), 7.84%, 4/9/2027 | &nbsp;&nbsp;&nbsp; 1356 | &nbsp;&nbsp;&nbsp;&nbsp; 1279 |
| **Chemicals — 3.1%** | **Chemicals — 3.1%** | **Chemicals — 3.1%** |
| &nbsp;&nbsp;&nbsp; Gates Global LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 3/31/2027 | &nbsp;&nbsp;&nbsp; 1997 | &nbsp;&nbsp;&nbsp;&nbsp; 1947 |
| &nbsp;&nbsp;&nbsp; Gemini HDPE LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 7.41%, 12/31/2027 | &nbsp;&nbsp;&nbsp; 1537 | &nbsp;&nbsp;&nbsp;&nbsp; 1496 |
| &nbsp;&nbsp;&nbsp; INEOS Enterprises Holdings Ltd., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 8.23%, 8/28/2026 | &nbsp;&nbsp;&nbsp; 2232 | &nbsp;&nbsp;&nbsp;&nbsp; 2127 |
| &nbsp;&nbsp;&nbsp; INEOS US Finance LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 11/8/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755 |
| &nbsp;&nbsp;&nbsp; INEOS US Petrochem LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901 |
| &nbsp;&nbsp;&nbsp; PQ Corp., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 2.50%), 6.91%, 6/9/2028 | &nbsp;&nbsp;&nbsp; 1718 | &nbsp;&nbsp;&nbsp;&nbsp; 1685 |
| &nbsp;&nbsp;&nbsp; Solenis International LP, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 7.44%, 11/9/2028 | &nbsp;&nbsp;&nbsp; 1663 | &nbsp;&nbsp;&nbsp;&nbsp; 1588 |
| &nbsp;&nbsp;&nbsp; Trinseo Materials Operating SCA, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.00%), 6.07%, 9/6/2024 | &nbsp;&nbsp;&nbsp; 1221 | &nbsp;&nbsp;&nbsp;&nbsp; 1175 |
|  |  | &nbsp;&nbsp; 11674 |
| **Commercial Services & Supplies — 2.7%** | **Commercial Services & Supplies — 2.7%** | **Commercial Services & Supplies — 2.7%** |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 5/12/2028 | &nbsp;&nbsp;&nbsp; 1906 | &nbsp;&nbsp;&nbsp;&nbsp; 1800 |
| &nbsp;&nbsp;&nbsp; API Group DE, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 10/1/2026 | &nbsp;&nbsp;&nbsp; 1591 | &nbsp;&nbsp;&nbsp;&nbsp; 1573 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 8.93%, 10/30/2026 | &nbsp;&nbsp;&nbsp; 1540 | &nbsp;&nbsp;&nbsp;&nbsp; 1476 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Commercial Services & Supplies — continued** | **Commercial Services & Supplies — continued** | **Commercial Services & Supplies — continued** |
| &nbsp;&nbsp;&nbsp; Madison IAQ LLC, 1st Lien Term Loan (ICE LIBOR USD 3 Month + 3.25%), 6.82%, 6/21/2028 | 2391 | 2267 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 2.75%), 6.50%, 9/23/2026 | 3139 | 3091 |
|  |  | &nbsp;&nbsp; 10207 |
| **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** |
| &nbsp;&nbsp;&nbsp; CommScope, Inc., 1st Lien Term Loan B-2 (Netherlands) (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 4/6/2026 | 3694 | 3545 |
| **Construction & Engineering — 1.4%** | **Construction & Engineering — 1.4%** | **Construction & Engineering — 1.4%** |
| &nbsp;&nbsp;&nbsp; Osmose Holdings, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.27%, 6/23/2028 (c) | 2117 | 1992 |
| &nbsp;&nbsp;&nbsp; Pike Corp., Delayed Draw Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 7.08%, 1/21/2028 (c) | 1638 | 1604 |
| &nbsp;&nbsp;&nbsp; Pike Corporation, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.50%), 7.59%, 1/21/2028 | 810 | 799 |
| &nbsp;&nbsp;&nbsp; Zekelman Industries, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 2.00%), 5.60%, 1/24/2027 | 792 | 772 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5167 |
| **Containers & Packaging — 2.5%** | **Containers & Packaging — 2.5%** | **Containers & Packaging — 2.5%** |
| &nbsp;&nbsp;&nbsp; Bway Holding Co., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.02%, 4/3/2024 (c) | &nbsp;&nbsp;&nbsp; 1882 | &nbsp;&nbsp;&nbsp;&nbsp; 1824 |
| &nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 8/4/2027 (c) | &nbsp;&nbsp;&nbsp; 1535 | &nbsp;&nbsp;&nbsp;&nbsp; 1498 |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 5.00%), 9.07%, 10/29/2028 | &nbsp;&nbsp;&nbsp; 1545 | &nbsp;&nbsp;&nbsp;&nbsp; 1466 |
| &nbsp;&nbsp;&nbsp; Pactiv Evergreen Group Holdings, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.25%, 9/24/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601 |
| &nbsp;&nbsp;&nbsp; Reynolds Group Holdings, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 2/5/2026 | &nbsp;&nbsp;&nbsp; 1272 | &nbsp;&nbsp;&nbsp;&nbsp; 1252 |
| &nbsp;&nbsp;&nbsp; Ring Container Technologies LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.25%, 8/12/2028 | &nbsp;&nbsp;&nbsp; 1583 | &nbsp;&nbsp;&nbsp;&nbsp; 1557 |
| &nbsp;&nbsp;&nbsp; Tekni-Plex, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 4.00%), 7.67%, 9/15/2028 | &nbsp;&nbsp;&nbsp; 1003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 961 |
| &nbsp;&nbsp;&nbsp; Tekni-Plex, Inc., Delayed Draw Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 7.82%, 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9432 |
| **Diversified Consumer Services — 1.4%** | **Diversified Consumer Services — 1.4%** | **Diversified Consumer Services — 1.4%** |
| &nbsp;&nbsp;&nbsp; Conservice Midco LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 8.32%, 5/13/2027 | &nbsp;&nbsp;&nbsp; 1366 | &nbsp;&nbsp;&nbsp;&nbsp; 1320 |
| &nbsp;&nbsp;&nbsp; Ensemble RCM LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.75%), 7.94%, 8/3/2026 | &nbsp;&nbsp;&nbsp; 1134 | &nbsp;&nbsp;&nbsp;&nbsp; 1099 |
| &nbsp;&nbsp;&nbsp; Interior Logic Group, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 4/3/2028 | &nbsp;&nbsp;&nbsp; 2224 | &nbsp;&nbsp;&nbsp;&nbsp; 1406 |
| &nbsp;&nbsp;&nbsp; St. George's University Scholastic Services LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 2/10/2029 | &nbsp;&nbsp;&nbsp; 1518 | &nbsp;&nbsp;&nbsp;&nbsp; 1473 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5298 |
| **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Sabre Holdings Corp., 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 12/17/2027 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 12/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576 |
| &nbsp;&nbsp;&nbsp; Trans Union LLC, Term Loan B-6 (ICE LIBOR USD 1 Month + 2.25%), 6.32%, 12/1/2028 | &nbsp;&nbsp;&nbsp; 1385 | &nbsp;&nbsp;&nbsp;&nbsp; 1360 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2371 |
| **Diversified Telecommunication Services — 1.8%** | **Diversified Telecommunication Services — 1.8%** | **Diversified Telecommunication Services — 1.8%** |
| &nbsp;&nbsp;&nbsp; CenturyLink, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.25%), 6.32%, 3/15/2027 | &nbsp;&nbsp;&nbsp; 1310 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 |
| &nbsp;&nbsp;&nbsp; Cincinnati Bell, Inc., 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 3.25%), 7.08%, 11/22/2028 | &nbsp;&nbsp;&nbsp; 1616 | &nbsp;&nbsp;&nbsp;&nbsp; 1583 |
| &nbsp;&nbsp;&nbsp; Intelsat Jackson Holdings SA, 1st Lien Term Loan (6-MONTH SOFR + 4.25%), 7.44%, 2/1/2029 (c) | &nbsp;&nbsp;&nbsp; 2400 | &nbsp;&nbsp;&nbsp;&nbsp; 2315 |
| &nbsp;&nbsp;&nbsp; Numericable US LLC, 1st Lien Term Loan B (France) (ICE LIBOR USD 3 Month + 3.69%), 7.77%, 1/31/2026 | &nbsp;&nbsp;&nbsp; 1637 | &nbsp;&nbsp;&nbsp;&nbsp; 1566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6704 |
| **Electric Utilities — 1.3%** | **Electric Utilities — 1.3%** | **Electric Utilities — 1.3%** |
| &nbsp;&nbsp;&nbsp; Astoria Energy LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 12/10/2027 | &nbsp;&nbsp;&nbsp; 1285 | &nbsp;&nbsp;&nbsp;&nbsp; 1264 |
| &nbsp;&nbsp;&nbsp; Carroll County Energy LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 7.17%, 2/16/2026 | &nbsp;&nbsp;&nbsp; 1031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Electric Utilities — continued** | **Electric Utilities — continued** | **Electric Utilities — continued** |
| &nbsp;&nbsp;&nbsp; Exelon Corp., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 2.50%), 7.24%, 12/15/2027 | 1499 | 1484 |
| &nbsp;&nbsp;&nbsp; PG&E Corp., Exit Term Loan (ICE LIBOR USD 1 Month + 3.00%), 7.13%, 6/23/2025 | 1257 | 1236 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4957 |
| **Electrical Equipment — 1.4%** | **Electrical Equipment — 1.4%** | **Electrical Equipment — 1.4%** |
| &nbsp;&nbsp;&nbsp; AZZ Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 4.25%; 3-MONTH CME TERM SOFR + 4.25%), 7.08%, 5/13/2029 | 1569 | 1562 |
| &nbsp;&nbsp;&nbsp; Brookfield WEC Holdings, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 8/1/2025 (c) | 1689 | 1656 |
| &nbsp;&nbsp;&nbsp; Cortes NP Acquisition Corp., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.75%), 6.55%, 3/2/2027 (c) | 2223 | 2165 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5383 |
| **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** |
| &nbsp;&nbsp;&nbsp; Ingram Micro, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 7.17%, 6/30/2028 | 1537 | 1513 |
| &nbsp;&nbsp;&nbsp; Mirion Technologies, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 2.75%), 5.63%, 10/20/2028 | 1785 | 1749 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3262 |
| **Energy Equipment & Services — 0.4%** | **Energy Equipment & Services — 0.4%** | **Energy Equipment & Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; Medallion Midland Acquisition LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 7.42%, 10/18/2028 | &nbsp;&nbsp; 1409 | &nbsp;&nbsp;&nbsp;&nbsp; 1392 |
| **Entertainment — 1.8%** | **Entertainment — 1.8%** | **Entertainment — 1.8%** |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 7.59%, 3/1/2025 | &nbsp;&nbsp; 1699 | &nbsp;&nbsp;&nbsp;&nbsp; 1685 |
| &nbsp;&nbsp;&nbsp; Delta 2 (Lux) SARL, 1st Lien Term Loan B (3-MONTH SOFR + 3.25%), 3.75%, 1/15/2030 (c) | &nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1989 |
| &nbsp;&nbsp;&nbsp; NAI Entertainment Holdings LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 6.58%, 5/8/2025 | &nbsp;&nbsp; 1383 | &nbsp;&nbsp;&nbsp;&nbsp; 1314 |
| &nbsp;&nbsp;&nbsp; WMG Acquisition Corp., 1st Lien Term Loan G (ICE LIBOR USD 1 Month + 2.13%), 6.20%, 1/20/2028 | &nbsp;&nbsp; 1847 | &nbsp;&nbsp;&nbsp;&nbsp; 1816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6804 |
| **Food & Staples Retailing — 1.9%** | **Food & Staples Retailing — 1.9%** | **Food & Staples Retailing — 1.9%** |
| &nbsp;&nbsp;&nbsp; Moran Foods LLC, 1st Lien Term Loan (ICE LIBOR USD 3 Month + 7.00%), 7.00%, 12/31/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189 |
| &nbsp;&nbsp;&nbsp; Moran Foods LLC, 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 7.00%), 10.67%, 4/1/2024 ‡ | &nbsp;&nbsp; 1804 | &nbsp;&nbsp;&nbsp;&nbsp; 1449 |
| &nbsp;&nbsp;&nbsp; Moran Foods LLC, Tranche A Second Lien Term Loan (ICE LIBOR USD 3 Month + 10.75%), 14.42%, 10/1/2024 | &nbsp;&nbsp; 4062 | &nbsp;&nbsp;&nbsp;&nbsp; 2356 |
| &nbsp;&nbsp;&nbsp; United Natural Foods, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.25%), 7.45%, 10/22/2025 | &nbsp;&nbsp; 1341 | &nbsp;&nbsp;&nbsp;&nbsp; 1333 |
| &nbsp;&nbsp;&nbsp; Utz Quality Foods LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.00%), 7.20%, 1/20/2028 | &nbsp;&nbsp; 1791 | &nbsp;&nbsp;&nbsp;&nbsp; 1775 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7102 |
| **Food Products — 0.9%** | **Food Products — 0.9%** | **Food Products — 0.9%** |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 10/10/2026 | &nbsp;&nbsp; 2170 | &nbsp;&nbsp;&nbsp;&nbsp; 2039 |
| &nbsp;&nbsp;&nbsp; Shearer's Foods LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 9/23/2027 | &nbsp;&nbsp; 1578 | &nbsp;&nbsp;&nbsp;&nbsp; 1498 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3537 |
| **Health Care Equipment & Supplies — 2.0%** | **Health Care Equipment & Supplies — 2.0%** | **Health Care Equipment & Supplies — 2.0%** |
| &nbsp;&nbsp;&nbsp; Chamberlain Group LLC (The), 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.25%, 11/3/2028 (c) | &nbsp;&nbsp; 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1496 |
| &nbsp;&nbsp;&nbsp; Insulet Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.25%), 7.00%, 5/4/2028 | &nbsp;&nbsp; 3176 | &nbsp;&nbsp;&nbsp;&nbsp; 3119 |
| &nbsp;&nbsp;&nbsp; Medline, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 10/23/2028 | &nbsp;&nbsp; 3085 | &nbsp;&nbsp;&nbsp;&nbsp; 2926 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7541 |
| **Health Care Providers & Services — 5.2%** | **Health Care Providers & Services — 5.2%** | **Health Care Providers & Services — 5.2%** |
| &nbsp;&nbsp;&nbsp; CVS Holdings, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 8.32%, 8/31/2026 | &nbsp;&nbsp; 1302 | &nbsp;&nbsp;&nbsp;&nbsp; 1104 |
| &nbsp;&nbsp;&nbsp; Envision Healthcare Corp., 1st Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1-MONTH CME TERM SOFR + 3.75%), 7.49%, 3/31/2027 | &nbsp;&nbsp; 2768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1-MONTH CME TERM SOFR + 4.25%), 7.99%, 3/31/2027 | &nbsp;&nbsp; 1130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Health Care Providers & Services — continued** | **Health Care Providers & Services — continued** | **Health Care Providers & Services — continued** |
| &nbsp;&nbsp;&nbsp; ICON Luxembourg SARL, 1st Lien Term Loan B, (Luxembourg) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 2.25%), 5.94%, 7/3/2028 (c) | 928 | 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 2.25%), 5.94%, 7/3/2028 | 406 | 403 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 8.16%, 11/16/2025 (c) | 1407 | 1304 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 10/27/2028 (c) | 1509 | 1499 |
| &nbsp;&nbsp;&nbsp; PAREXEL International Corp., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.00%, 11/15/2028 | 3711 | 3564 |
| &nbsp;&nbsp;&nbsp; Pathway Vet Alliance LLC, 1st Lien Term Loan (ICE LIBOR USD 3 Month + 3.75%), 7.42%, 3/31/2027 (c) | 1028 | 901 |
| &nbsp;&nbsp;&nbsp; PCI Pharma Services, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 7.17%, 11/30/2027 | 1530 | 1472 |
| &nbsp;&nbsp;&nbsp; Pearl Intermediate Parent LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 2/14/2025 | 321 | 296 |
| &nbsp;&nbsp;&nbsp; Pearl Intermediate Parent LLC, 1st Lien Term Loan B-3 (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 2/14/2025 (c) | 829 | 766 |
| &nbsp;&nbsp;&nbsp; PetVet Care Centers LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 2/14/2025 | 740 | 683 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 8.28%, 7/9/2025 | &nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1505 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 5.25%), 9.34%, 3/2/2027 | &nbsp;&nbsp;&nbsp; 1921 | &nbsp;&nbsp;&nbsp;&nbsp; 1325 |
| &nbsp;&nbsp;&nbsp; U.S. Renal Care, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 5.00%), 9.13%, 6/26/2026 | &nbsp;&nbsp;&nbsp; 1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WIRB-Copernicus Group, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%; ICE LIBOR USD 3 Month + 4.00%), 7.82%, <br> 1/8/2027<br>| &nbsp;&nbsp;&nbsp; 1998 | &nbsp;&nbsp;&nbsp;&nbsp; 1873 |
|  |  | &nbsp;&nbsp; 19556 |
| **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** |
| &nbsp;&nbsp;&nbsp; Caesars Resort Collection LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 12/23/2024 | &nbsp;&nbsp;&nbsp; 3586 | &nbsp;&nbsp;&nbsp;&nbsp; 3559 |
| &nbsp;&nbsp;&nbsp; Flutter Entertainment plc, 1st Lien Term Loan B (Ireland) (3-MONTH CME TERM SOFR + 3.25%), 6.78%, 7/22/2028 | &nbsp;&nbsp;&nbsp; 1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1220 |
| &nbsp;&nbsp;&nbsp; IRB Holding Corp., 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 2/5/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1-MONTH CME TERM SOFR + 3.00%), 6.89%, 12/15/2027 (c) | &nbsp;&nbsp;&nbsp; 1292 | &nbsp;&nbsp;&nbsp;&nbsp; 1241 |
| &nbsp;&nbsp;&nbsp; UFC Holdings LLC, 1st Lien Term Loan B-3 (ICE LIBOR USD 3 Month + 2.75%), 7.11%, 4/29/2026 | &nbsp;&nbsp;&nbsp; 1405 | &nbsp;&nbsp;&nbsp;&nbsp; 1379 |
| &nbsp;&nbsp;&nbsp; Whataburger, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 8/3/2028 (c) | &nbsp;&nbsp;&nbsp; 1728 | &nbsp;&nbsp;&nbsp;&nbsp; 1642 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9439 |
| **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** |
| &nbsp;&nbsp;&nbsp; Cabinetworks, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 7.32%, 5/17/2028 | &nbsp;&nbsp;&nbsp; 1424 | &nbsp;&nbsp;&nbsp;&nbsp; 1030 |
| &nbsp;&nbsp;&nbsp; MI Windows & Doors, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.50%), 7.69%, 12/18/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703 |
| &nbsp;&nbsp;&nbsp; Traeger Grills, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 6/29/2028 | &nbsp;&nbsp;&nbsp; 1213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971 |
| &nbsp;&nbsp;&nbsp; Traeger Grills, Delayed Draw Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 6/29/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2736 |
| **Independent Power and Renewable Electricity Producers — 0.7%** | **Independent Power and Renewable Electricity Producers — 0.7%** | **Independent Power and Renewable Electricity Producers — 0.7%** |
| &nbsp;&nbsp;&nbsp; Calpine Construction Finance Co. LP, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.00%), 6.07%, 1/15/2025 | &nbsp;&nbsp;&nbsp; 1801 | &nbsp;&nbsp;&nbsp;&nbsp; 1785 |
| &nbsp;&nbsp;&nbsp; Invenergy LLC, Term Loan (1-MONTH CME TERM SOFR + 3.75%), 7.95%, 8/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2767 |
| **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |
| &nbsp;&nbsp;&nbsp; Asurion LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 7/31/2027 | &nbsp;&nbsp;&nbsp; 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1167 |
| &nbsp;&nbsp;&nbsp; Asurion LLC, 1st Lien Term Loan B-3 (ICE LIBOR USD 1 Month + 5.25%), 9.32%, 1/31/2028 | &nbsp;&nbsp;&nbsp; 1510 | &nbsp;&nbsp;&nbsp;&nbsp; 1161 |
| &nbsp;&nbsp;&nbsp; Asurion LLC, Term Loan B-7 (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 11/3/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767 |
| &nbsp;&nbsp;&nbsp; Asurion, LLC, Term Loan B-10 (1-MONTH CME TERM SOFR + 4.00%), 7.65%, 8/19/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd., 1st Lien Term Loan B (ICE LIBOR USD 2 Month + 3.00%; ICE LIBOR USD 3 Month + 3.00%), 7.33%, 4/25/2025 | &nbsp;&nbsp;&nbsp; 1995 | &nbsp;&nbsp;&nbsp;&nbsp; 1956 |
| &nbsp;&nbsp;&nbsp; USI, Inc., 1st Lien Term Loan B (3-MONTH SOFR + 3.75%), 6.42%, 5/16/2024 | &nbsp;&nbsp;&nbsp; 1791 | &nbsp;&nbsp;&nbsp;&nbsp; 1786 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7446 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Internet & Direct Marketing Retail — 1.0%** | **Internet & Direct Marketing Retail — 1.0%** | **Internet & Direct Marketing Retail — 1.0%** |
| &nbsp;&nbsp;&nbsp; Getty Images, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.50%), 8.63%, 2/19/2026 | 1347 | 1336 |
| &nbsp;&nbsp;&nbsp; GoodRx, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 10/10/2025 (c) | 1373 | 1331 |
| &nbsp;&nbsp;&nbsp; Shutterfly, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 5.00%), 9.07%, 9/25/2026 | 2017 | 1231 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3898 |
| **IT Services — 1.3%** | **IT Services — 1.3%** | **IT Services — 1.3%** |
| &nbsp;&nbsp;&nbsp; Ancestry.com, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 12/6/2027 | 1647 | 1494 |
| &nbsp;&nbsp;&nbsp; MH Sub I LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 9/13/2024 (c) | 1692 | 1644 |
| &nbsp;&nbsp;&nbsp; Virtusa Corp., 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 2/11/2028 | 620 | 601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1-MONTH CME TERM SOFR + 3.75%), 7.94%, 2/15/2029 | 984 | 953 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4692 |
| **Leisure Products — 0.4%** | **Leisure Products — 0.4%** | **Leisure Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; FGI Operating Co. LLC, 1st Lien Term Loan (ICE LIBOR USD 3 Month + 11.00%), 12.00%, 5/16/2023 ‡ (d) | &nbsp;&nbsp;&nbsp; 3898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425 |
| &nbsp;&nbsp;&nbsp; Hercules Achievement, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 12/16/2024 | &nbsp;&nbsp;&nbsp; 1027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1409 |
| **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albany Molecular Research, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%; ICE LIBOR USD 3 Month + 3.75%), 8.16%, <br> 8/30/2026 (c)<br>| &nbsp;&nbsp;&nbsp; 2162 | &nbsp;&nbsp;&nbsp;&nbsp; 1788 |
| &nbsp;&nbsp;&nbsp; Avantor Funding, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.25%), 6.32%, 11/8/2027 (c) | &nbsp;&nbsp;&nbsp; 1249 | &nbsp;&nbsp;&nbsp;&nbsp; 1238 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3026 |
| **Machinery — 2.5%** | **Machinery — 2.5%** | **Machinery — 2.5%** |
| &nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 7.41%, 10/8/2027 | &nbsp;&nbsp;&nbsp; 3593 | &nbsp;&nbsp;&nbsp;&nbsp; 3504 |
| &nbsp;&nbsp;&nbsp; SPX Flow, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 4.50%), 8.69%, 4/5/2029 | &nbsp;&nbsp;&nbsp; 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1566 |
| &nbsp;&nbsp;&nbsp; Sundyne, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 8.32%, 3/17/2027 (c) | &nbsp;&nbsp;&nbsp; 1730 | &nbsp;&nbsp;&nbsp;&nbsp; 1626 |
| &nbsp;&nbsp;&nbsp; Thyssenkrupp Elevator, 1st Lien Term Loan B-1 (ICE LIBOR USD 6 Month + 3.50%), 6.87%, 7/30/2027 | &nbsp;&nbsp;&nbsp; 1544 | &nbsp;&nbsp;&nbsp;&nbsp; 1479 |
| &nbsp;&nbsp;&nbsp; Titan Acquisition Ltd., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 5.88%, 3/28/2025 | &nbsp;&nbsp;&nbsp; 1180 | &nbsp;&nbsp;&nbsp;&nbsp; 1107 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9282 |
| **Media — 5.4%** | **Media — 5.4%** | **Media — 5.4%** |
| &nbsp;&nbsp;&nbsp; Altice Financing SA, 1st Lien Term Loan (ICE LIBOR USD 3 Month + 2.75%), 6.83%, 7/15/2025 | &nbsp;&nbsp;&nbsp; 1922 | &nbsp;&nbsp;&nbsp;&nbsp; 1882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%; ICE LIBOR USD 3 Month + 3.50%), <br> 7.91%, 8/21/2026 (c)<br>| &nbsp;&nbsp;&nbsp; 3847 | &nbsp;&nbsp;&nbsp;&nbsp; 3512 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.25%), 6.12%, 7/17/2025 | &nbsp;&nbsp;&nbsp; 1209 | &nbsp;&nbsp;&nbsp;&nbsp; 1156 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.25%), 6.12%, 1/15/2026 | &nbsp;&nbsp;&nbsp; 1545 | &nbsp;&nbsp;&nbsp;&nbsp; 1470 |
| &nbsp;&nbsp;&nbsp; Diamond Sports Group LLC, 2nd Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 7.14%, 8/24/2026 | &nbsp;&nbsp;&nbsp; 1739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 5.00%), 9.07%, 8/2/2027 | &nbsp;&nbsp;&nbsp; 1808 | &nbsp;&nbsp;&nbsp;&nbsp; 1729 |
| &nbsp;&nbsp;&nbsp; E.W. Scripps Co. (The), 1st Lien Term Loan B-3 (ICE LIBOR USD 1 Month + 2.75%), 6.82%, 1/7/2028 | &nbsp;&nbsp;&nbsp; 1597 | &nbsp;&nbsp;&nbsp;&nbsp; 1549 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc., 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 2.50%), 6.27%, 2/7/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 2.50%), 6.27%, 1/2/2026 | &nbsp;&nbsp;&nbsp; 1048 | &nbsp;&nbsp;&nbsp;&nbsp; 1017 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc., 1st Lien Term Loan D (ICE LIBOR USD 1 Month + 3.00%), 6.77%, 12/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912 |
| &nbsp;&nbsp;&nbsp; iHeartCommunications, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 5/1/2026 (c) | &nbsp;&nbsp;&nbsp; 1907 | &nbsp;&nbsp;&nbsp;&nbsp; 1784 |
| &nbsp;&nbsp;&nbsp; iHeartCommunications, Inc., Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 5/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 761 |
| &nbsp;&nbsp;&nbsp; Red Ventures LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 11/8/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Media — continued** | **Media — continued** | **Media — continued** |
| &nbsp;&nbsp;&nbsp; Summer (BC) Holdco B SARL, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 4.50%), 8.17%, 12/4/2026 (c) | 1272 | 1168 |
| &nbsp;&nbsp;&nbsp; Univision Communications, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.32%, 3/15/2026 (c) | 1693 | 1661 |
|  |  | &nbsp;&nbsp; 20100 |
| **Oil, Gas & Consumable Fuels — 0.3%** | **Oil, Gas & Consumable Fuels — 0.3%** | **Oil, Gas & Consumable Fuels — 0.3%** |
| &nbsp;&nbsp;&nbsp; Grizzly Acquisitions, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 6.99%, 10/1/2025 | 1174 | 1160 |
| **Personal Products — 1.5%** | **Personal Products — 1.5%** | **Personal Products — 1.5%** |
| &nbsp;&nbsp;&nbsp; Conair Holdings LLC, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 7.42%, 5/17/2028 | 1940 | 1627 |
| &nbsp;&nbsp;&nbsp; Nestle Skin Health SA, Term Loan B (Luxembourg) (ICE LIBOR USD 3 Month + 3.75%), 7.42%, 10/1/2026 | 4064 | 3855 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5482 |
| **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** |
| &nbsp;&nbsp;&nbsp; Bausch Health Companies, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 5.25%), 9.15%, 2/1/2027 (c) | 1782 | 1322 |
| &nbsp;&nbsp;&nbsp; Endo Pharmaceuticals, Inc., 1st Lien Term Loan B (1-MONTH PRIME + 6.00%), 13.00%, 3/27/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498 |
| &nbsp;&nbsp;&nbsp; Jazz Pharmaceuticals plc, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 5/5/2028 | &nbsp;&nbsp; 1485 | &nbsp;&nbsp;&nbsp;&nbsp; 1473 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3293 |
| **Professional Services — 1.2%** | **Professional Services — 1.2%** | **Professional Services — 1.2%** |
| &nbsp;&nbsp;&nbsp; LegalShield, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 12/15/2028 | &nbsp;&nbsp; 1237 | &nbsp;&nbsp;&nbsp;&nbsp; 1191 |
| &nbsp;&nbsp;&nbsp; Nielsen Holdings plc, Term Loan B-3 (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 3/6/2028 | &nbsp;&nbsp; 1514 | &nbsp;&nbsp;&nbsp;&nbsp; 1323 |
| &nbsp;&nbsp;&nbsp; Star Merger Sub, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.29%, 2/6/2026 | &nbsp;&nbsp; 2100 | &nbsp;&nbsp;&nbsp;&nbsp; 2070 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4584 |
| **Road & Rail — 2.4%** | **Road & Rail — 2.4%** | **Road & Rail — 2.4%** |
| &nbsp;&nbsp;&nbsp; First Student Bidco, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 6.64%, 7/21/2028 | &nbsp;&nbsp; 3010 | &nbsp;&nbsp;&nbsp;&nbsp; 2824 |
| &nbsp;&nbsp;&nbsp; First Student Bidco, Inc., 1st Lien Term Loan C (ICE LIBOR USD 3 Month + 3.00%), 6.64%, 7/21/2028 | &nbsp;&nbsp; 1249 | &nbsp;&nbsp;&nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 2.00%), 5.67%, 12/30/2026 | &nbsp;&nbsp; 1632 | &nbsp;&nbsp;&nbsp;&nbsp; 1615 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (The), 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.01%, 6/30/2028 | &nbsp;&nbsp; 2928 | &nbsp;&nbsp;&nbsp;&nbsp; 2854 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (The), 1st Lien Term Loan C (ICE LIBOR USD 1 Month + 3.25%), 7.01%, 6/30/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9010 |
| **Semiconductors & Semiconductor Equipment — 2.0%** | **Semiconductors & Semiconductor Equipment — 2.0%** | **Semiconductors & Semiconductor Equipment — 2.0%** |
| &nbsp;&nbsp;&nbsp; Brooks Automation, 1st Lien Term Loan B (1 Month SOFR + 3.10%; 6 Month SOFR + 3.10%), 5.26%, 2/1/2029 | &nbsp;&nbsp; 3756 | &nbsp;&nbsp;&nbsp;&nbsp; 3540 |
| &nbsp;&nbsp;&nbsp; Brooks Automation, 2nd Lien Term Loan (1-MONTH SOFR + 5.60%), 7.35%, 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.00; 3-MONTH SOFR + 3.00%), 5.89%, 7/6/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847 |
| &nbsp;&nbsp;&nbsp; Synaptics, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 2.25%), 4.36%, 12/2/2028 | &nbsp;&nbsp; 2580 | &nbsp;&nbsp;&nbsp;&nbsp; 2529 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7539 |
| **Software — 5.4%** | **Software — 5.4%** | **Software — 5.4%** |
| &nbsp;&nbsp;&nbsp; Camelot Finance LP, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 10/30/2026 | &nbsp;&nbsp; 1959 | &nbsp;&nbsp;&nbsp;&nbsp; 1926 |
| &nbsp;&nbsp;&nbsp; DigiCert, Inc., 1st Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 4.00%), 8.70%, 10/16/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 6 Month + 7.00%), 11.70%, 2/19/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561 |
| &nbsp;&nbsp;&nbsp; Genesys Telecom Holdings US, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%), 7.86%, 12/1/2027 (c) | &nbsp;&nbsp; 2220 | &nbsp;&nbsp;&nbsp;&nbsp; 2152 |
| &nbsp;&nbsp;&nbsp; Hyland Software, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 7/1/2024 | &nbsp;&nbsp; 1832 | &nbsp;&nbsp;&nbsp;&nbsp; 1803 |
| &nbsp;&nbsp;&nbsp; ION Corp., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.75%), 7.45%, 3/11/2028 | &nbsp;&nbsp; 1417 | &nbsp;&nbsp;&nbsp;&nbsp; 1374 |
| &nbsp;&nbsp;&nbsp; LogMeIn, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.75%), 8.77%, 8/31/2027 | &nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895 |
| &nbsp;&nbsp;&nbsp; Netsmart Technologies, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%), 7.75%, 10/1/2027 | &nbsp;&nbsp; 2015 | &nbsp;&nbsp;&nbsp;&nbsp; 1933 |
| &nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.57%, 6/1/2026 | &nbsp;&nbsp; 1641 | &nbsp;&nbsp;&nbsp;&nbsp; 1584 |
| &nbsp;&nbsp;&nbsp; Proofpoint, Inc., 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 6.32%, 8/31/2028 (c) | &nbsp;&nbsp; 1373 | &nbsp;&nbsp;&nbsp;&nbsp; 1319 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Loan Assignments — continued** | **Loan Assignments — continued** | **Loan Assignments — continued** |
| **Software — continued** | **Software — continued** | **Software — continued** |
| &nbsp;&nbsp;&nbsp; RealPage, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 7.07%, 4/24/2028 (c) | 1706 | 1631 |
| &nbsp;&nbsp;&nbsp; ThoughtWorks, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 3/24/2028 | 1997 | 1977 |
| &nbsp;&nbsp;&nbsp; Ultimate Software Group, Inc. (The), 1st Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 3.25%), 7.00%, 5/4/2026 | 801 | 773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 5/4/2026 | 1558 | 1516 |
|  |  | &nbsp;&nbsp; 20232 |
| **Specialty Retail — 4.6%** | **Specialty Retail — 4.6%** | **Specialty Retail — 4.6%** |
| &nbsp;&nbsp;&nbsp; AppleCaramel Buyer LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.75%), 7.84%, 10/19/2027 (c) | 1368 | 1316 |
| &nbsp;&nbsp;&nbsp; Claire's Stores, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 6.50%), 10.57%, 12/18/2026 (e) | 2643 | 2353 |
| &nbsp;&nbsp;&nbsp; Consilio, 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%), 8.07%, 5/12/2028 | 1927 | 1832 |
| &nbsp;&nbsp;&nbsp; Leslie's Poolmart, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 2.50%), 6.57%, 3/9/2028 | 2066 | 2021 |
| &nbsp;&nbsp;&nbsp; Petco Health and Wellness Co., Inc., Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 6.92%, 3/3/2028 | &nbsp;&nbsp;&nbsp; 3052 | &nbsp;&nbsp;&nbsp;&nbsp; 2954 |
| &nbsp;&nbsp;&nbsp; PrimeSource, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 6.99%, 12/28/2027 | &nbsp;&nbsp;&nbsp; 2044 | &nbsp;&nbsp;&nbsp;&nbsp; 1771 |
| &nbsp;&nbsp;&nbsp; Pure Fishing, Inc., 1st Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 8.57%, 12/22/2025 | &nbsp;&nbsp;&nbsp; 3376 | &nbsp;&nbsp;&nbsp;&nbsp; 2293 |
| &nbsp;&nbsp;&nbsp; Serta Simmons Bedding LLC, 1st Lien Term Loan (ICE LIBOR USD 1 Month + 7.50%), 10.79%, 8/10/2023 | &nbsp;&nbsp;&nbsp; 1015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467 |
| &nbsp;&nbsp;&nbsp; SRS Distribution, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.50%), 7.69%, 6/2/2028 | &nbsp;&nbsp;&nbsp; 1423 | &nbsp;&nbsp;&nbsp;&nbsp; 1359 |
| &nbsp;&nbsp;&nbsp; Staples, Inc., 1st Lien Term Loan (ICE LIBOR USD 3 Month + 5.00%), 7.78%, 4/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870 |
|  |  | &nbsp;&nbsp; 17236 |
| **Technology Hardware, Storage & Peripherals — 1.0%** | **Technology Hardware, Storage & Peripherals — 1.0%** | **Technology Hardware, Storage & Peripherals — 1.0%** |
| &nbsp;&nbsp;&nbsp; KDC US Holdings, Inc., 1st Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 7.82%, 12/22/2025 | &nbsp;&nbsp;&nbsp; 2043 | &nbsp;&nbsp;&nbsp;&nbsp; 1966 |
| &nbsp;&nbsp;&nbsp; Quest Software US Holdings, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 4.25%), 8.49%, 2/1/2029 | &nbsp;&nbsp;&nbsp; 2090 | &nbsp;&nbsp;&nbsp;&nbsp; 1580 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3546 |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |
| &nbsp;&nbsp;&nbsp; Birkenstock, 1st Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 7.66%, 4/28/2028 (c) | &nbsp;&nbsp;&nbsp; 1553 | &nbsp;&nbsp;&nbsp;&nbsp; 1491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Loan Assignments <br>(Cost $300,353)<br>|  | 277006 |
| **Corporate Bonds — 6.8%** | **Corporate Bonds — 6.8%** | **Corporate Bonds — 6.8%** |
| **Auto Components — 0.5%** | **Auto Components — 0.5%** | **Auto Components — 0.5%** |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 3/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 4/1/2027 | &nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1788 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| &nbsp;&nbsp;&nbsp; Trinseo Materials Operating SCA 5.38%, 9/1/2025 (f) | &nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1202 |
| **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC 4.13%, 8/17/2027 | &nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2737 |
| **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 5/1/2027 (f) | &nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 2/1/2028 (f) | &nbsp;&nbsp;&nbsp; 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1935 |
| **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** |
| &nbsp;&nbsp;&nbsp; Sensata Technologies BV 4.00%, 4/15/2029 (f) | &nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/1/2027 (f) | 1500 | 1412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 6/15/2028 (f) | 1000 | 895 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2307 |
| **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp. 4.88%, 7/31/2024 (f) | 1268 | 1233 |
| **Household Durables — 0.2%** | **Household Durables — 0.2%** | **Household Durables — 0.2%** |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. 4.45%, 4/1/2026 (g) | 1000 | 943 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ahead DB Holdings LLC 6.63%, 5/1/2028 (f) | 850 | 694 |
| **Media — 1.2%** | **Media — 1.2%** | **Media — 1.2%** |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/2024 | &nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/1/2026 (f) | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio, Inc. 5.00%, 8/1/2027 (f) | &nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1866 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4411 |
| **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP 7.88%, 5/15/2026 (f) | &nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1020 |
| &nbsp;&nbsp;&nbsp; NuStar Logistics LP 5.63%, 4/28/2027 | &nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1881 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2901 |
| **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc. 5.50%, 9/30/2027 (f) | &nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956 |
| **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc. 4.75%, 2/15/2028 (f) | &nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1142 |
| &nbsp;&nbsp;&nbsp; Staples, Inc. 7.50%, 4/15/2026 (f) | &nbsp;&nbsp;&nbsp; 2768 | &nbsp;&nbsp;&nbsp;&nbsp; 2469 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds <br>(Cost $28,078)<br>|  | &nbsp;&nbsp; 25588 |
|  | **SHARES** <br>**(000)**<br>|  |
| **Convertible Preferred Stocks — 1.6%** | **Convertible Preferred Stocks — 1.6%** | **Convertible Preferred Stocks — 1.6%** |
| **Specialty Retail — 1.6%** | **Specialty Retail — 1.6%** | **Specialty Retail — 1.6%** |
| &nbsp;&nbsp;&nbsp; Claire's Stores, Inc. ‡ \*(Cost $755) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 5888 |
| **Common Stocks — 1.5%** | **Common Stocks — 1.5%** | **Common Stocks — 1.5%** |
| **Food & Staples Retailing — 0.1%** | **Food & Staples Retailing — 0.1%** | **Food & Staples Retailing — 0.1%** |
| &nbsp;&nbsp;&nbsp; Moran Foods Backstop Equity ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417 |
| **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417 |
| &nbsp;&nbsp;&nbsp; iHeartMedia, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915 |
| **Professional Services — 0.8%** | **Professional Services — 0.8%** | **Professional Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; NMG, Inc. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 2989 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| <br> **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Specialty Retail — 0.3%** | **Specialty Retail — 0.3%** | **Specialty Retail — 0.3%** |
| &nbsp;&nbsp;&nbsp; Claire's Stores, Inc. ‡ \* | 3 | 1102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $6,516)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 5423 |
|  | **NO. OF** <br> **WARRANTS** <br>**(000)**<br>|  |
| **Warrants — 0.0% ^** | **Warrants — 0.0% ^** | **Warrants — 0.0% ^** |
| **Diversified Telecommunication Services — 0.0% ^** | **Diversified Telecommunication Services — 0.0% ^** | **Diversified Telecommunication Services — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Windstream Holdings, Inc. expiring 12/31/2049, price 10.75 USD ‡ \* | 6 | 92 |
| **Entertainment — 0.0% ^** | **Entertainment — 0.0% ^** | **Entertainment — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Cineworld Group expiring 12/31/2049, price 4,149.00 GBP (United Kingdom) \* | 63 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $—) (h)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 |
|  | **SHARES** <br>**(000)**<br>|  |
| **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** |
| **Investment Companies — 4.4%** | **Investment Companies — 4.4%** | **Investment Companies — 4.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class Institutional Shares, 3.50% (i) (j) <br>(Cost $16,490)<br>| 16490 | &nbsp;&nbsp; 16490 |
| **Total Investments — 88.2%** <br>**(Cost $352,192)**<br>|  | **330487** |
| **Other Assets Less Liabilities — 11.8%** |  | **44427** |
| **NET ASSETS — 100.0%** |  | **374914** |

---

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

---

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

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| CME | Chicago Mercantile Exchange |
| GBP | British Pound |
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| SCA | Limited partnership with share capital |
| SOFR | Secured Overnight Financing Rate |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | Loan assignments are presented by obligor. Each series or loan tranche underlying each obligor may have varying terms. |
| (b) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of November 30, 2022. |
| (c) | All or a portion of this security is unsettled as of November 30, 2022. Unless otherwise indicated, the coupon rate is undetermined. The <br> coupon rate shown may not be accrued for the entire position.<br>|
| (d) | Defaulted security. |
| (e) | Fund is subject to legal or contractual restrictions on the resale of the security. |
| (f) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future
 contingent upon a predetermined trigger. The interest rate shown is the current rate as of November 30, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Value is zero.

&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 November 30, 2022.

**Centrally Cleared Credit default swap contracts outstanding — sell protection**<sup>(\*\*)</sup> **as of November 30, 2022 (amounts in thousands):**

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **REFERENCE** <br>**OBLIGATION/INDEX**<br>| **FINANCING** <br>**RATE PAID** <br>**BY THE FUND** <br>**(%)**<br>| &nbsp;&nbsp; **PAYMENT** <br>**FREQUENCY**<br>| &nbsp;&nbsp; **MATURITY** <br>**DATE**<br>| **IMPLIED** <br>**CREDIT** <br>**SPREAD** <br>**(%)**<sup>(a)</sup> <br>| **NOTIONAL** <br>**AMOUNT**<sup>(b)</sup> <br>| **UPFRONT** <br>**PAYMENTS** <br>**(RECEIPTS)** <br>**($)**<sup>(c)</sup> <br>| **UNREALIZED** <br>**APPRECIATION** <br>**(DEPRECIATION)** <br>**($)**<br>| **VALUE** <br>**($)**<br>|
| CDX.NA.HY.38-V2 | 5.00 | Quarterly | 6/20/2027 | 4.39 | USD 5,000 | 152 | 59 | 211 |

---

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

---

| | |
|:---|:---|
| (\*\*)  | The Fund, as a seller of credit protection, receives periodic payments and may also receive or pay an upfront premium from or to the protection buyer, <br> and is obligated to make a contingent payment, upon occurrence of a credit event with respect to an underlying reference obligation, as defined under the <br> terms of individual swap contracts. |
| (a) | Implied credit spreads are an indication of the seller's performance risk, related to the likelihood of a credit event occurring that would require a seller to <br> make payment to a buyer. Implied credit spreads are used to determine the value of swap contracts and reflect the cost of buying/selling protection, which <br> may include upfront payments made to enter into the contract. Therefore, higher spreads would indicate a greater likelihood that a seller will be obligated <br> to perform (i.e. make payment) under the swap contract.Increasing values, in absolute terms and relative to notional amounts, are also indicative of <br> greater performance risk. Implied credit spreads for credit default swaps on credit indices are linked to the weighted average spread across the underlying <br> reference obligations included in a particular index. |
| (b) | The notional amount is the maximum amount that a seller of credit protection would be obligated to pay and a buyer of credit protection would receive, <br> upon occurrence of a credit event. |
| (c) | Upfront payments and receipts generally represent premiums paid or received at the initiation of the agreement to compensate the differences between <br> the stated terms of the swap agreement and current market conditions (credit spreads, interest rates and other relevant factors). |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| CDX | Credit Default Swap Index |
| USD | United States Dollar |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

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

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

Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the 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.

A market-based approach is primarily used to value the Fund's investments. Investments for which market quotations are not readily available are fair valued using prices supplied by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"), or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

Fixed income instruments are valued based on prices received from 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 is calculated on a valuation date.

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

Swaps are valued utilizing market quotations from approved Pricing Services.

See the table on "Quantitative Information about Level 3 Fair Value Measurements" for information on the valuation techniques and inputs used to value level 3 securities held by the Fund at November 30, 2022.

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).

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Food & Staples Retailing | $— | $— | $417 | $417 |
| &nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915 |
| &nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2989 |
| &nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1102 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5423 |
| Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5888 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25588 |
| Loan Assignments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6190 |
| &nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2418 |
| &nbsp;&nbsp;&nbsp; Auto Components | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5887 |
| &nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844 |
| &nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2887 |
| &nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5201 |
| &nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279 |
| &nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11674 |
| &nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10207 |
| &nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3545 |
| &nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5167 |
| &nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9432 |
| &nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5298 |
| &nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2371 |
| &nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6704 |
| &nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4957 |
| &nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5383 |
| &nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3262 |
| &nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1392 |
| &nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6804 |
| &nbsp;&nbsp;&nbsp; Food & Staples Retailing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5653 | &nbsp;&nbsp;&nbsp;&nbsp; 1449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7102 |
| &nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3537 |
| &nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7541 |
| &nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19556 |
| &nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9439 |
| &nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2736 |
| &nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767 |
| &nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7446 |
| &nbsp;&nbsp;&nbsp; Internet & Direct Marketing Retail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3898 |
| &nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4692 |
| &nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1409 |
| &nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3026 |
| &nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9282 |

---

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Media | $— | $20100 | $— | $20100 |
| &nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160 |
| &nbsp;&nbsp;&nbsp; Personal Products | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5482 |
| &nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3293 |
| &nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4584 |
| &nbsp;&nbsp;&nbsp; Road & Rail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9010 |
| &nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7539 |
| &nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20232 |
| &nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17236 |
| &nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3546 |
| &nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1491 |
| &nbsp;&nbsp;&nbsp; Total Loan Assignments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 275132 | &nbsp;&nbsp;&nbsp;&nbsp; 1874 | &nbsp;&nbsp; 277006 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —(a) |
| &nbsp;&nbsp;&nbsp; Total Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 16490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16490 |
| **Total Investments in Securities** | $17405 | $300720 | $12362 | $330487 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Swaps | $— | $59 | $— | $59 |

---

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

(a) Amount rounds to less than one thousand.

The following is a summary of investments for which significant unobservable inputs (level 3) were used in determining fair value:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Balance as of** <br>**February 28,** <br>**2022**<br>| **Realized** <br>**gain (loss)**<br>| **Change in net** <br>**unrealized** <br>**appreciation** <br>**(depreciation)**<br>| **Net** <br>**accretion** <br>**(amortization)**<br>| **Purchases**<sup>1</sup> <br>| **Sales**<sup>2</sup> <br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance as of** <br>**November 30,** <br>**2022**<br>|
| **Investments in Securities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $1540 | $— | $189 | $— | $— | $— | $2779 | $— | $4508 |
| &nbsp;&nbsp;&nbsp; Convertible Preferred Stocks | &nbsp;&nbsp; 5876 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5888 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (113) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Loan Assignments | &nbsp;&nbsp; 2223 | &nbsp;&nbsp; (40) | &nbsp;&nbsp; (231) | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; (139) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1874 |
| &nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 |
| **Total** | $9828 | $(40) | $(127) | $28 | $33 | $(139) | $2779 | $— | $12362 |

---

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

 <br> <sup>1</sup> Purchases include all purchases of securities and securities received in corporate actions. <br> <sup>2</sup> Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

The changes in net unrealized appreciation (depreciation) attributable to securities owned at august 31, 2022, which were valued using significant unobservable inputs (level 3) amounted to ($13).

Transfers from level 2 to level 3 are due to a decline in market activity (e.g. frequency of trades), which resulted in a lack of available market inputs to determine the price for the period ended November 30, 2022.

The significant unobservable inputs used in the fair value measurement of the Fund's investments are listed below. Generally, a change in the assumptions used in any input in isolation may be accompanied by a change in another input. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. The impact is based on the relationship between each unobservable input and the

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

fair value measurement. Significant increases (decreases) in enterprise multiples may increase (decrease) the fair value measurement. Significant increases (decreases) in the discount for lack of marketability, liquidity discount, probability of default, yield and default rate may decrease (increase) the fair value measurement. A significant change in the discount rate or prepayment rate (Constant Prepayment Rate or PSA Prepayment Model) may decrease or increase the fair value measurement.

**Quantitative Information about Level 3 Fair Value Measurements #** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Fair Value at** <br>**November 30, 2022**<br>| **Valuation Technique(s)** | **Unobservable Input** | **Range (Weighted Average) (a)**  |
|  | $425  | Term of Restructuring | Expected Recovery | 10.90% (10.90%) |
| &nbsp;&nbsp;&nbsp; Loan Assignments | &nbsp;&nbsp; 425  |  |  |  |
| &nbsp;&nbsp;&nbsp; Total | $425  |  |  |  |

---

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

# The table above does not include certain level 3 investments that are valued by brokers and Pricing Services. At November 30, 2022, the value of these investments was $11,937. The inputs for these investments are not readily available or cannot be reasonably estimated and are generally those inputs described in Note A. 

(a) Unobservable inputs were weighted by the relative fair value of the instruments.

**B. Investment Transactions with Affiliates** — The Fund invested in an Underlying Fund, which is advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuer listed in the table below to be an 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 November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** |
| **Security Description** | **Value at** <br>**February 28,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**November 30,** <br>**2022**<br>| **Shares at** <br>**November 30,** <br>**2022**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class Institutional Shares, 3.50% <br> (a) (b)<br>| $101881 | $229927 | $315318 | $— | $— | $16490 | 16490 | $205 | $— |

---

&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 November 30, 2022.

**C. Derivatives** — The Fund used derivative instruments including options, futures contracts, forward foreign currency exchange contracts and swaps, in connection with its investment strategy. Derivative instruments may be used as substitutes for securities in which the Fund can invest, to hedge portfolio investments or to generate income or gain to the Fund. Derivatives may also be used to manage duration, sector and yield curve exposures and credit and spread volatility.

The Fund may be subject to various risks from the use of derivatives, including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties' failure to perform under contract terms; liquidity risk related to the potential lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Fund's risk of loss associated with these instruments may exceed their value.

The Fund is party to various derivative contracts governed by International Swaps and Derivatives Association master agreements ("ISDA agreements"). The Fund's ISDA agreements, which are separately negotiated with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Fund in the event the Fund's net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Fund to exercise rights, to the extent not otherwise waived, against a counterparty (e.g., decline in a counterparty's credit rating below a specified level). Such rights for both a counterparty and the Fund often include the ability to terminate (i.e., close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Fund. The ISDA agreements give the Fund and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable against collateral posted to a segregated account by one party for the benefit of the other.

Counterparty credit risk may be mitigated to the extent a counterparty posts additional collateral for mark to market gains to the Fund.

------

**JPMorgan Floating Rate Income Fund** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued) <br>(Dollar values in thousands)

**(1). Swaps —** The Fund engaged in various swap transactions to manage credit, interest rate (e.g., duration, yield curve), currency, inflation and total return risks within its portfolio. The Fund also used swaps as alternatives to direct investments. Swap transactions are contracts negotiated over-the-counter ("OTC swaps") between the Fund and a counterparty or are centrally cleared ("centrally cleared swaps") through a central clearinghouse managed by a Futures Commission Merchant ("FCM") that exchange investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals.

Upfront payments made and/or received by the Fund are recorded as assets or liabilities, respectively, and amortized over the term of the swap. The value of an OTC swap agreement is recorded at the beginning of the measurement period. Upon entering into a centrally cleared swap, the Fund is required to deposit with the FCM cash or securities, which is referred to as initial margin deposit. Securities deposited as initial margin are designated on the Schedule of Investments, while cash deposited is considered restricted. The change in the value of swaps, including accruals of periodic amounts of interest to be paid or received on swaps, is reported as change in net unrealized appreciation/depreciation on swaps. A realized gain or loss is recorded upon payment or receipt of a periodic payment or payment made upon termination of a swap agreement.

The Fund may be required to post or receive collateral based on the net value of the Fund's outstanding OTC swap contracts with the counterparty in the form of cash or securities. Daily movement of cash collateral is subject to minimum threshold amounts. Collateral posted by the Fund is held in a segregated account at the Fund's custodian bank.

The central clearinghouse acts as the counterparty to each centrally cleared swap transaction; therefore credit risk is limited to the failure of the clearinghouse.

The Fund's swap contracts (excluding centrally cleared swaps) are subject to master netting arrangements.

<u>Credit Default Swaps</u>

The Fund entered into credit default swaps to simulate long and/or short bond positions or to take an active long and/or short position with respect to the likelihood of a default or credit event by the issuer of the underlying reference obligation.

The underlying reference obligation may be a single issuer of corporate or sovereign debt, a basket of issuers or a credit index. A credit index is a list of credit instruments or exposures that reference a fixed number of obligors with shared characteristics that represents some part of the credit market as a whole. Index credit default swaps have standardized terms including a fixed spread and standard maturity dates. The composition of the obligations within a particular index changes periodically.

Credit default swaps involve one party, the protection buyer, making a stream of payments to another party, the protection seller, in exchange for the right to receive a contingent payment if there is a credit event related to the underlying reference obligation. In the event that the reference obligation matures prior to the termination date of the contract, a similar security will be substituted for the duration of the contract term. Credit events are defined under individual swap agreements and generally include bankruptcy, failure to pay, restructuring, repudiation/moratorium, obligation acceleration and obligation default.

If a credit event occurs, the Fund, as a protection seller, would be obligated to make a payment, which may be either: (i) a net cash settlement equal to the notional amount of the swap less the auction value of the reference obligation or (ii) the notional amount of the swap in exchange for the delivery of the reference obligation. Selling protection effectively adds leverage to the Fund's portfolio up to the notional amount of swap agreements. The notional amount represents the maximum potential liability under a contract. Potential liabilities under these contracts may be reduced by: the auction rates of the underlying reference obligations; upfront payments received at the inception of a swap; and net amounts received from credit default swaps purchased with the identical reference obligation.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan Floating Rate Income Fund

- **b. EDGAR series identifier (if any):** S000032548

- **c. LEI of Series:** K21GU2WTRTI2PVQVCH83

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $379906966.20

**Total Liabilities:** $4594753.05

**Net Assets:** $375312213.15

**Cash Not Reported:** $2718561.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 253.04762000 | **5-Year:** 1412.57819000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1856.58625000 | **1-Year:** 10183.18685000 | **5-Year:** 101292.14694000 | **10-Year:** 5517.29402000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000132280 | -1.99%               | 0.99%                | 1.09%                |
| Class ID C000100364 | -2.00%               | 0.98%                | 1.08%                |
| Class ID C000100362 | -2.02%               | 0.96%                | 1.06%                |
| Class ID C000100363 | -2.07%               | 0.92%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1690212.30             | $-10304727.34                              |
| Month 2  | $-2956506.04             | $5028720.62                                |
| Month 3  | $-6148900.25             | $8033642.44                                |

**Designated Index Information**

- **Index Name:** LEVLOAN Index

- **Index Identifier:** LLTRUSD0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DISH DBS Corp.                                  | DISH DBS Corp.                                                        | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1900520.00   | 0.51%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hercules Achievement, Inc.                      | Hercules Achievement, Inc., 1st Lien Term Loan                        | CUSIP: 42703UAG0<br>LEI: 549300YOKDS0ZSYJRX81 | Long             | LON              | CORP              | US        |   1026653 | PA      | $984118.44    | 0.26%             | 2024-12-16      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| NMG, Inc.                                       | NMG, Inc.                                                             | CUSIP: 62929P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1130 | NS      | $200575.00    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Envision Healthcare Corp.                       | Envision Healthcare Corp., 1st Lien Term Loan                         | CUSIP: 29373UAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1130411 | PA      | $339123.43    | 0.09%             | 2027-03-31      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| WestJet Airlines Ltd.                           | WestJet Airlines Ltd., 1st Lien Term Loan                             | CUSIP: C4927UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1392616 | PA      | $1246739.83   | 0.33%             | 2026-12-11      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| Reynolds Group Holdings, Inc.                   | Reynolds Group Holdings, Inc., 1st Lien Term Loan                     | CUSIP: 76173FAW7<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |   1272027 | PA      | $1252259.24   | 0.33%             | 2026-02-05      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| PetSmart, Inc.                                  | PetSmart, Inc.                                                        | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1142037.50   | 0.30%             | 2028-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Tekni-Plex, Inc.                                | Tekni-Plex, Inc., 1st Lien Term Loan                                  | CUSIP: 00216EAE9<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |   1002630 | PA      | $960910.45    | 0.26%             | 2028-09-15      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                | CCO Holdings LLC                                                      | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1075000 | PA      | $988204.50    | 0.26%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                         | Quikrete Holdings, Inc., 1st Lien Term Loan B                         | CUSIP: 74839XAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2002576 | PA      | $1970034.15   | 0.52%             | 2028-06-11      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Serta Simmons Bedding LLC                       | Serta Simmons Bedding LLC, 1st Lien Term Loan                         | CUSIP: 81753HAG6<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |   1014776 | PA      | $466563.57    | 0.12%             | 2023-08-10      | Variable      | 10.79%                | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                               | IRB Holding Corp., 1st Lien Term Loan B                               | CUSIP: 44988LAF4<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    405686 | PA      | $398006.16    | 0.11%             | 2025-02-05      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| ThoughtWorks, Inc.                              | ThoughtWorks, Inc., 1st Lien Term Loan                                | CUSIP: 90010LAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1997502 | PA      | $1977027.90   | 0.53%             | 2028-03-24      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group, Inc. (The)             | Ultimate Software Group, Inc. (The), 1st Lien Term Loan               | CUSIP: 90385KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1557850 | PA      | $1515663.42   | 0.40%             | 2026-05-04      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Interior Logic Group                            | Interior Logic Group, 1st Lien Term Loan B                            | CUSIP: 82666KAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2224069 | PA      | $1405923.26   | 0.37%             | 2028-04-03      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                          | Tenet Healthcare Corp.                                                | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1412085.00   | 0.38%             | 2027-11-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Pearl Intermediate Parent LLC                   | Pearl Intermediate Parent LLC, 1st Lien Term Loan                     | CUSIP: 70476XAC9<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |    321259 | PA      | $295798.79    | 0.08%             | 2025-02-14      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Titan Acquisition Ltd.                          | Titan Acquisition Ltd., 1st Lien Term Loan B                          | CUSIP: C8856UAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1179779 | PA      | $1106963.04   | 0.29%             | 2025-03-28      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| SPX Flow, Inc.                                  | SPX Flow, Inc., 1st Lien Term Loan B                                  | CUSIP: 78470DAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1675000 | PA      | $1566125.00   | 0.42%             | 2029-04-05      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| LegalShield                                     | LegalShield, 1st Lien Term Loan                                       | CUSIP: 74006LAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1236750 | PA      | $1191398.38   | 0.32%             | 2028-12-15      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg SARL                            | ICON Luxembourg SARL, 1st Lien Term Loan B                            | CUSIP: L5000DAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    405652 | PA      | $403392.12    | 0.11%             | 2028-07-03      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| U.S. Renal Care, Inc.                           | U.S. Renal Care, Inc., 1st Lien Term Loan B                           | CUSIP: 90290PAN4<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |   1764761 | PA      | $980554.14    | 0.26%             | 2026-06-26      | Variable      | 9.12%                 | No            |                  2 | On Loan: No      |
| Holley, Inc.                                    | Holley, Inc., 1st Lien Term Loan B                                    | CUSIP: 43538JAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    966720 | PA      | $844372.35    | 0.22%             | 2028-11-17      | Variable      | 8.34%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                    | MH Sub I LLC, 1st Lien Term Loan                                      | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1691687 | PA      | $1644116.30   | 0.44%             | 2024-09-13      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.             | American Axle & Manufacturing, Inc.                                   | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940000.00    | 0.25%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                 | Advanced Drainage Systems, Inc., 1st Lien Term Loan B                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1193233 | PA      | $1194724.39   | 0.32%             | 2026-07-31      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                    | Intelsat Jackson Holdings SA, 1st Lien Term Loan                      | CUSIP: L5137LAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2399561 | PA      | $2314976.11   | 0.62%             | 2029-02-01      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Ultra Resources, Inc.                           | Ultra Resources, Inc., 1st Lien Term Loan B                           | CUSIP: L1802PAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1721154 | PA      | $1665216.35   | 0.44%             | 2029-08-03      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Leslie's Poolmart, Inc.                         | Leslie's Poolmart, Inc., 1st Lien Term Loan B                         | CUSIP: 52706YAJ2<br>LEI: 549300MZRH1GJYUMRM83 | Long             | LON              | CORP              | US        |   2066210 | PA      | $2021332.33   | 0.54%             | 2028-03-09      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                  | DISH DBS Corp.                                                        | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $643875.00    | 0.17%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Trans Union LLC                                 | Trans Union LLC, Term Loan B-6                                        | CUSIP: 89334GAZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1384599 | PA      | $1360022.20   | 0.36%             | 2028-12-01      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                     | Asurion LLC, 1st Lien Term Loan B-3                                   | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1510000 | PA      | $1161190.00   | 0.31%             | 2028-01-31      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| Parexel International Corp.                     | Parexel International Corp., 1st Lien Term Loan                       | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   3711128 | PA      | $3564093.13   | 0.95%             | 2028-11-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Ancestry.com, Inc.                              | Ancestry.com, Inc., 1st Lien Term Loan B                              | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |   1647032 | PA      | $1494335.94   | 0.40%             | 2027-12-06      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Thyssenkrupp Elevator                           | Thyssenkrupp Elevator, 1st Lien Term Loan B-1                         | CUSIP: D9000BAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1544148 | PA      | $1478521.53   | 0.39%             | 2027-07-30      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.             | American Axle & Manufacturing, Inc.                                   | CUSIP: 02406PAY6<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    895000 | PA      | $847670.30    | 0.23%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INEOS Enterprises Holdings Ltd.                 | INEOS Enterprises Holdings Ltd., 1st Lien Term Loan B                 | CUSIP: G4770QAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2231801 | PA      | $2126481.94   | 0.57%             | 2026-08-28      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                           | Ahead DB Holdings LLC                                                 | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    850000 | PA      | $694467.00    | 0.19%             | 2028-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Partners LP                    | Antero Midstream Partners LP                                          | CUSIP: 03690EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020221.29   | 0.27%             | 2026-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Cincinnati Bell, Inc.                           | Cincinnati Bell, Inc., 1st Lien Term Loan B-2                         | CUSIP: 17187MAS9<br>LEI: 549300JYVZOCUJOHL272 | Long             | LON              | CORP              | US        |   1616007 | PA      | $1582878.81   | 0.42%             | 2028-11-22      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund      | JPMorgan U.S. Government Money Market Fund, Class Institutional       | CUSIP: 4812C2684<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  16490046 | NS      | $16490045.60  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pike Corp.                                      | Pike Corp., Delayed Draw Term Loan B                                  | CUSIP: 72108PAR5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | LON              | CORP              | US        |   1637875 | PA      | $1604347.75   | 0.43%             | 2028-01-21      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Numericable US LLC                              | Numericable US LLC, 1st Lien Term Loan B                              | CUSIP: F6628DAL8<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   1637265 | PA      | $1565634.66   | 0.42%             | 2026-01-31      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                      | iHeartCommunications, Inc., 1st Lien Term Loan                        | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   1906917 | PA      | $1783997.28   | 0.48%             | 2026-05-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                 | B&G Foods, Inc., 1st Lien Term Loan B                                 | CUSIP: 05508TAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2170330 | PA      | $2039198.66   | 0.54%             | 2026-10-10      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC            | Prime Security Services Borrower LLC, 1st Lien Term Loan B            | CUSIP: 03765VAK6<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |   3138809 | PA      | $3091350.39   | 0.82%             | 2026-09-23      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                     | Allied Universal Holdco LLC, 1st Lien Term Loan B                     | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   1906443 | PA      | $1799644.38   | 0.48%             | 2028-05-12      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Consilio                                        | Consilio, 1st Lien Term Loan B                                        | CUSIP: 36171NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1926588 | PA      | $1832185.32   | 0.49%             | 2028-05-12      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| N/A                                             | Cineworld Group                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | GB        |     62656 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Netsmart Technologies, Inc.                     | Netsmart Technologies, Inc., 1st Lien Term Loan B                     | CUSIP: 64119DAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2014769 | PA      | $1932929.55   | 0.52%             | 2027-10-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.            | Clear Channel Outdoor Holdings, Inc.                                  | CUSIP: 18453H106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    368988 | NS      | $416956.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Holdings Corp.                            | Sabre Holdings Corp., 1st Lien Term Loan B                            | CUSIP: 78571YBG4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    625819 | PA      | $576147.47    | 0.15%             | 2027-12-17      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cortes NP Acquisition Corp.                     | Cortes NP Acquisition Corp., 1st Lien Term Loan B                     | CUSIP: 92537EAC2<br>LEI: 549300ZT8RQ5VK10E643 | Long             | LON              | CORP              | US        |   2223078 | PA      | $2164722.20   | 0.58%             | 2027-03-02      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                        | Bausch Health Cos., Inc., 1st Lien Term Loan                          | CUSIP: C9413PBD4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | LON              | CORP              | CA        |   1781938 | PA      | $1322340.18   | 0.35%             | 2027-02-01      | Variable      | 9.15%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                   | Caesars Resort Collection LLC, 1st Lien Term Loan B                   | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |   3586308 | PA      | $3559088.34   | 0.95%             | 2024-12-23      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Star Merger Sub, Inc.                           | Star Merger Sub, Inc., 1st Lien Term Loan B                           | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   2100288 | PA      | $2069834.21   | 0.55%             | 2026-02-06      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| GoodRx, Inc.                                    | GoodRx, Inc., 1st Lien Term Loan                                      | CUSIP: 38245HAC1<br>LEI: 25490061CWK7F0OTY260 | Long             | LON              | CORP              | US        |   1373354 | PA      | $1330656.26   | 0.35%             | 2025-10-10      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.               | Petco Health & Wellness Co., Inc., Term Loan B                        | CUSIP: 71601HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3051645 | PA      | $2953748.57   | 0.79%             | 2028-03-03      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                           | Gray Television, Inc., 1st Lien Term Loan B                           | CUSIP: 389376AY0<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   1047857 | PA      | $1016945.34   | 0.27%             | 2026-01-02      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                 | Madison IAQ LLC, 1st Lien Term Loan                                   | CUSIP: 55759VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2391415 | PA      | $2267372.50   | 0.60%             | 2028-06-21      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Conair Holdings LLC                             | Conair Holdings LLC, 1st Lien Term Loan B                             | CUSIP: 20600RAB8<br>LEI: 549300804G00T34FLV17 | Long             | LON              | CORP              | US        |   1939636 | PA      | $1626870.00   | 0.43%             | 2028-05-17      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Nestle Skin Health SA                           | Nestle Skin Health SA, Term Loan B                                    | CUSIP: L8908YAE8<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |   4064501 | PA      | $3854935.21   | 1.03%             | 2026-10-01      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC                    | Alliance Laundry Systems LLC, 1st Lien Term Loan B                    | CUSIP: 01862LAW8<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |   3592940 | PA      | $3504014.84   | 0.93%             | 2027-10-08      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                              | Astoria Energy LLC, 1st Lien Term Loan B                              | CUSIP: 04626LAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1284678 | PA      | $1264072.22   | 0.34%             | 2027-12-10      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Insulet Corp.                                   | Insulet Corp., 1st Lien Term Loan B                                   | CUSIP: 45784QAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3176520 | PA      | $3118961.14   | 0.83%             | 2028-05-04      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Chamberlain Group LLC (The)                     | Chamberlain Group LLC (The), 1st Lien Term Loan B                     | CUSIP: 15963CAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1600134 | PA      | $1495629.10   | 0.40%             | 2028-11-03      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings, Inc.           | Pactiv Evergreen Group Holdings, Inc., 1st Lien Term Loan B           | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |    610880 | PA      | $601240.55    | 0.16%             | 2028-09-24      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Whataburger                                     | Whataburger, 1st Lien Term Loan B                                     | CUSIP: 96244UAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1728195 | PA      | $1641508.47   | 0.44%             | 2028-08-03      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                             | Newell Brands, Inc.                                                   | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $943360.00    | 0.25%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                     | Asurion LLC, Term Loan B-7                                            | CUSIP: 04649VAW0<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    800837 | PA      | $766632.93    | 0.20%             | 2024-11-03      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Claire's Stores, Inc.                           | Claire's Stores, Inc.                                                 | CUSIP: N/A<br>LEI: 549300N5HNYXI6JY7625       | Long             | EC               | CORP              | US        |      3389 | NS      | $1101425.00   | 0.29%             |  |  |  | No            |                  3 | On Loan: No      |
| Sabre Holdings Corp.                            | Sabre Holdings Corp., 1st Lien Term Loan B                            | CUSIP: 78571YBF6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    472592 | PA      | $435082.52    | 0.12%             | 2027-12-17      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                      | PG&E Corp., Exit Term Loan                                            | CUSIP: 69338CAH4<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | LON              | CORP              | US        |   1256756 | PA      | $1236070.22   | 0.33%             | 2025-06-23      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Getty Images, Inc.                              | Getty Images, Inc., 1st Lien Term Loan B                              | CUSIP: 37427UAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1346873 | PA      | $1336097.71   | 0.36%             | 2026-02-19      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Gates Global LLC                                | Gates Global LLC, 1st Lien Term Loan                                  | CUSIP: 36740UAT9<br>LEI: 549300XI79MQJV13DW27 | Long             | LON              | CORP              | US        |   1996572 | PA      | $1946657.84   | 0.52%             | 2027-03-31      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Sundyne                                         | Sundyne, 1st Lien Term Loan B                                         | CUSIP: 85519WAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1730225 | PA      | $1626411.57   | 0.43%             | 2027-03-17      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                              | DexKo Global, Inc., 1st Lien Term Loan B                              | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1655571 | PA      | $1493689.16   | 0.40%             | 2028-10-04      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Endo Pharmaceuticals, Inc.                      | Endo Pharmaceuticals, Inc., 1st Lien Term Loan B                      | CUSIP: L2968EAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    627875 | PA      | $497590.99    | 0.13%             | 2028-03-27      | Variable      | 13.00%                | No            |                  2 | On Loan: No      |
| Wheel Pros, Inc.                                | Wheel Pros, Inc., 1st Lien Term Loan                                  | CUSIP: 96289EAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1909901 | PA      | $1259675.45   | 0.34%             | 2028-05-11      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                          | Tenet Healthcare Corp.                                                | CUSIP: 88033GDG2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $895019.17    | 0.24%             | 2028-06-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FGI Operating Co. LLC                           | FGI Operating Co. LLC, 1st Lien Term Loan                             | CUSIP: 30252KAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3898069 | PA      | $424889.51    | 0.11%             | 2023-05-16      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Proofpoint, Inc.                                | Proofpoint, Inc., 1st Lien Term Loan B                                | CUSIP: 74345HAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1372941 | PA      | $1319313.82   | 0.35%             | 2028-08-31      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| iHeartMedia, Inc.                               | iHeartMedia, Inc., Class A                                            | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61917 | NS      | $497812.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                      | United Natural Foods, Inc., 1st Lien Term Loan B                      | CUSIP: 91116KAB1<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   1341290 | PA      | $1333551.24   | 0.36%             | 2025-10-22      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                          | HUB International Ltd., 1st Lien Term Loan B                          | CUSIP: 44332EAP1<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   1994992 | PA      | $1955670.98   | 0.52%             | 2025-04-25      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| INEOS US Petrochem LLC                          | INEOS US Petrochem LLC, 1st Lien Term Loan B                          | CUSIP: G4770MAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    917509 | PA      | $901453.02    | 0.24%             | 2026-01-29      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| LogMeIn, Inc.                                   | LogMeIn, Inc., 1st Lien Term Loan B                                   | CUSIP: 54142KAD3<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   1400013 | PA      | $895420.08    | 0.24%             | 2027-08-31      | Variable      | 8.77%                 | No            |                  2 | On Loan: No      |
| Avantor Funding, Inc.                           | Avantor Funding, Inc., 1st Lien Term Loan B                           | CUSIP: 05350NAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1248705 | PA      | $1238091.32   | 0.33%             | 2027-11-08      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| API Group DE                                    | API Group DE, 1st Lien Term Loan                                      | CUSIP: 00186XAB9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |   1590533 | PA      | $1573036.85   | 0.42%             | 2026-10-01      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings, Inc.                   | Brookfield WEC Holdings, Inc., 1st Lien Term Loan                     | CUSIP: 11284EAM5<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   1689047 | PA      | $1656144.59   | 0.44%             | 2025-08-01      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Pike Corp.                                      | Pike Corp., 1st Lien Term Loan B                                      | CUSIP: 72108PAT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    810000 | PA      | $799372.80    | 0.21%             | 2028-01-21      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| N/A                                             | Windstream Holdings, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | US        |      6590 | NS      | $92260.00     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Adient US LLC                                   | Adient US LLC, Term Loan B                                            | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   2039856 | PA      | $2011808.28   | 0.54%             | 2028-04-10      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Utz Quality Foods LLC                           | Utz Quality Foods LLC, 1st Lien Term Loan B                           | CUSIP: 91809EAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1790608 | PA      | $1774617.70   | 0.47%             | 2028-01-20      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| AppleCaramel Buyer LLC                          | AppleCaramel Buyer LLC, 1st Lien Term Loan B                          | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1368089 | PA      | $1315595.13   | 0.35%             | 2027-10-19      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| Traeger Grills                                  | Traeger Grills, Delayed Draw Term Loan                                | CUSIP: 87251RAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39987 | PA      | $32004.94     | 0.01%             | 2028-06-29      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                        | Radiology Partners, Inc., 1st Lien Term Loan B                        | CUSIP: 75041EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1750000 | PA      | $1505000.00   | 0.40%             | 2025-07-09      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| Formula One Holdings Ltd.                       | Formula One Holdings Ltd., 1st Lien Term Loan B                       | CUSIP: L2465BAS5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1989380.00   | 0.53%             | 2024-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Team Health Holdings, Inc.                      | Team Health Holdings, Inc., 1st Lien Term Loan B                      | CUSIP: 87817JAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1920707 | PA      | $1325287.51   | 0.35%             | 2027-03-02      | Variable      | 9.34%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                         | SS&C Technologies, Inc.                                               | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955766.56    | 0.25%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Moran Foods LLC                                 | Moran Foods LLC, 1st Lien Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    234880 | PA      | $188686.34    | 0.05%             | 2038-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Solenis International LP                        | Solenis International LP, 1st Lien Term Loan B                        | CUSIP: 68163YAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1663179 | PA      | $1588335.72   | 0.42%             | 2028-11-09      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp.                      | Garda World Security Corp., 1st Lien Term Loan B                      | CUSIP: C4000KAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1540000 | PA      | $1475705.00   | 0.39%             | 2026-10-30      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                   | Staples, Inc.                                                         | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   2768000 | PA      | $2469429.68   | 0.66%             | 2026-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                   | Six Flags Entertainment Corp.                                         | CUSIP: 83001AAB8<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |   1268000 | PA      | $1232540.38   | 0.33%             | 2024-07-31      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Shearer's Foods LLC                             | Shearer's Foods LLC, 1st Lien Term Loan                               | CUSIP: 82087UAL1<br>LEI: 549300AQWIJSYS2CIH04 | Long             | LON              | CORP              | US        |   1577870 | PA      | $1498187.98   | 0.40%             | 2027-09-23      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Tropicana, Inc.                                 | Tropicana, Inc., 1st Lien Term Loan                                   | CUSIP: 62984CAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1501238 | PA      | $1411163.25   | 0.38%             | 2029-01-24      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                           | Hyland Software, Inc., 1st Lien Term Loan                             | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1831837 | PA      | $1803223.43   | 0.48%             | 2024-07-01      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cabinetworks                                    | Cabinetworks, 1st Lien Term Loan B                                    | CUSIP: 00488YAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1423795 | PA      | $1030728.24   | 0.27%             | 2028-05-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| PCI Pharma Services, Inc.                       | PCI Pharma Services, Inc., 1st Lien Term Loan                         | CUSIP: 69515EAH5<br>LEI: 549300SL20D7D39KSB12 | Long             | LON              | CORP              | US        |   1530109 | PA      | $1472087.06   | 0.39%             | 2027-11-30      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Brooks Automation                               | Brooks Automation, 2nd Lien Term Loan                                 | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    746250 | PA      | $623118.75    | 0.17%             | 2030-02-01      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals plc                        | Jazz Pharmaceuticals plc, 1st Lien Term Loan B                        | CUSIP: G5080AAF9<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |   1485645 | PA      | $1472645.74   | 0.39%             | 2028-05-05      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                  | Entegris, Inc., 1st Lien Term Loan B                                  | CUSIP: 29362LAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    855000 | PA      | $847039.95    | 0.23%             | 2029-07-06      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                | Ensemble RCM LLC, 1st Lien Term Loan                                  | CUSIP: 29359BAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1134280 | PA      | $1099309.95   | 0.29%             | 2026-08-03      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| NMG, Inc.                                       | NMG, Inc.                                                             | CUSIP: 62929P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15710 | NS      | $2788525.00   | 0.74%             |  |  |  | No            |                  3 | On Loan: No      |
| E.W. Scripps Co.                                | E.W. Scripps Co., 1st Lien Term Loan B-3                              | CUSIP: 26928BAM1<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |   1596851 | PA      | $1549520.66   | 0.41%             | 2028-01-07      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Carroll County Energy LLC                       | Carroll County Energy LLC, 1st Lien Term Loan B                       | CUSIP: 14474FAW4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1030863 | PA      | $972444.16    | 0.26%             | 2026-02-16      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                | CSC Holdings LLC, 1st Lien Term Loan                                  | CUSIP: 64072UAE2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1209607 | PA      | $1156384.30   | 0.31%             | 2025-07-17      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                          | LifePoint Health, Inc., 1st Lien Term Loan B                          | CUSIP: 75915TAD4<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   1407511 | PA      | $1303890.03   | 0.35%             | 2025-11-16      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Pure Fishing, Inc.                              | Pure Fishing, Inc., 1st Lien Term Loan                                | CUSIP: 78471PAB6<br>LEI: 549300U8UI4Y1KEUGM58 | Long             | LON              | CORP              | US        |   3376132 | PA      | $2293372.82   | 0.61%             | 2025-12-22      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Truck Hero, Inc.                                | Truck Hero, Inc., 1st Lien Term Loan                                  | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   1330754 | PA      | $1121825.76   | 0.30%             | 2028-01-31      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                | UFC Holdings LLC, 1st Lien Term Loan B-3                              | CUSIP: 90266UAJ2<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   1404803 | PA      | $1379249.37   | 0.37%             | 2026-04-29      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings, Inc.                     | Triton Water Holdings, Inc., 1st Lien Term Loan B                     | CUSIP: 89678QAB2<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |   1604212 | PA      | $1475875.34   | 0.39%             | 2028-03-31      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| PrimeSource                                     | PrimeSource, 1st Lien Term Loan B                                     | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2043983 | PA      | $1770600.41   | 0.47%             | 2027-12-28      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| DirectV Financing LLC                           | DirectV Financing LLC, 1st Lien Term Loan                             | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1807650 | PA      | $1728764.44   | 0.46%             | 2027-08-02      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                       | First Student Bidco, Inc., 1st Lien Term Loan B                       | CUSIP: 33718FAD2<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   3009637 | PA      | $2824363.36   | 0.75%             | 2028-07-21      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                | CSC Holdings LLC, 1st Lien Term Loan B                                | CUSIP: 64072UAH5<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1545006 | PA      | $1470165.45   | 0.39%             | 2026-01-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                             | CDI                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   5000000 | PA      | $58928.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Holdings                                    | CVS Holdings, 1st Lien Term Loan                                      | CUSIP: 58401DAC8<br>LEI: 549300660CLPRNK19Z91 | Long             | LON              | CORP              | US        |   1301956 | PA      | $1104384.17   | 0.29%             | 2026-08-31      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Ingram Micro, Inc.                              | Ingram Micro, Inc., 1st Lien Term Loan B                              | CUSIP: 45258FAB6<br>LEI: 549300KJMEWPKRQZHX63 | Long             | LON              | CORP              | US        |   1537243 | PA      | $1512739.08   | 0.40%             | 2028-06-30      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Griffon Corp.                                   | Griffon Corp., 1st Lien Term Loan B                                   | CUSIP: 39843GAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2076504 | PA      | $2036281.74   | 0.54%             | 2029-01-24      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| Nielsen Holdings plc                            | Nielsen Holdings plc, Term Loan B-3                                   | CUSIP: 45674PAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1514228 | PA      | $1323056.83   | 0.35%             | 2028-03-06      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc.                                  | RealPage, Inc., 1st Lien Term Loan B                                  | CUSIP: 75605VAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1706394 | PA      | $1630681.50   | 0.43%             | 2028-04-24      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Hertz Corp. (The)                               | Hertz Corp. (The), 1st Lien Term Loan B                               | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |   2927918 | PA      | $2853490.05   | 0.76%             | 2028-06-30      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| St. George's University Scholastic Services LLC | St. George's University Scholastic Services LLC, 1st Lien Term Loan B | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1517427 | PA      | $1472860.56   | 0.39%             | 2029-02-10      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Option Care Health, Inc.                        | Option Care Health, Inc., 1st Lien Term Loan B                        | CUSIP: 68404YAB0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |   1508864 | PA      | $1498800.25   | 0.40%             | 2028-10-27      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Hertz Corp. (The)                               | Hertz Corp. (The), 1st Lien Term Loan C                               | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    558785 | PA      | $544580.39    | 0.15%             | 2028-06-30      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies BV                         | Sensata Technologies BV                                               | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $870381.89    | 0.23%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Medallion Midland Acquisition LLC               | Medallion Midland Acquisition LLC, 1st Lien Term Loan B               | CUSIP: 58404BAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1408857 | PA      | $1392133.73   | 0.37%             | 2028-10-18      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment plc                       | Flutter Entertainment plc, 1st Lien Term Loan B                       | CUSIP: N8233BAE2<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1230000 | PA      | $1220086.20   | 0.33%             | 2028-07-22      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                           | United Airlines, Inc., 1st Lien Term Loan B                           | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1140000 | PA      | $1171350.00   | 0.31%             | 2027-06-21      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                | CCO Holdings LLC                                                      | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946490.00    | 0.25%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                      | iHeartCommunications, Inc., Term Loan B                               | CUSIP: 45174UAG3<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    813140 | PA      | $760537.51    | 0.20%             | 2026-05-01      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| SRS Distribution, Inc.                          | SRS Distribution, Inc., 1st Lien Term Loan B                          | CUSIP: 78466YAQ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1423068 | PA      | $1359471.00   | 0.36%             | 2028-06-02      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP             | Calpine Construction Finance Co. LP, 1st Lien Term Loan               | CUSIP: 13134NAG6<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |   1800738 | PA      | $1784531.63   | 0.48%             | 2025-01-15      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                           | Gray Television, Inc., 1st Lien Term Loan D                           | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    938364 | PA      | $912051.90    | 0.24%             | 2028-12-01      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| AZZ, Inc.                                       | AZZ, Inc., 1st Lien Term Loan B                                       | CUSIP: 00247NAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1568989 | PA      | $1562132.29   | 0.42%             | 2029-05-13      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                    | Exelon Corp., 1st Lien Term Loan B                                    | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |   1499600 | PA      | $1484288.72   | 0.40%             | 2027-12-15      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                           | Sirius XM Radio, Inc.                                                 | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1866480.00   | 0.50%             | 2027-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Ring Container Technologies LLC                 | Ring Container Technologies LLC, 1st Lien Term Loan B                 | CUSIP: 76680YAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1582828 | PA      | $1556711.48   | 0.41%             | 2028-08-12      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| TransDigm Group, Inc.                           | TransDigm Group, Inc., 1st Lien Term Loan F                           | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1798735 | PA      | $1770063.14   | 0.47%             | 2025-12-09      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                       | First Student Bidco, Inc., 1st Lien Term Loan C                       | CUSIP: 33718FAB6<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1248853 | PA      | $1171973.72   | 0.31%             | 2028-07-21      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| DigiCert, Inc.                                  | DigiCert, Inc., 1st Lien Term Loan                                    | CUSIP: 24022KAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    620000 | PA      | $561490.60    | 0.15%             | 2029-02-19      | Variable      | 11.70%                | No            |                  2 | On Loan: No      |
| MI Windows & Doors, Inc.                        | MI Windows & Doors, Inc., 1st Lien Term Loan B                        | CUSIP: 55336CAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    714355 | PA      | $702746.90    | 0.19%             | 2027-12-18      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| CenturyLink, Inc.                               | CenturyLink, Inc., 1st Lien Term Loan B                               | CUSIP: 15669GAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1310130 | PA      | $1240260.32   | 0.33%             | 2027-03-15      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Virtusa Corp.                                   | Virtusa Corp., 1st Lien Term Loan B                                   | CUSIP: 92828KAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    620550 | PA      | $600773.07    | 0.16%             | 2028-02-11      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                             | Altice Financing SA, 1st Lien Term Loan                               | CUSIP: L0178UAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1921791 | PA      | $1881549.13   | 0.50%             | 2025-07-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| PetVet Care Centers LLC                         | PetVet Care Centers LLC, 1st Lien Term Loan                           | CUSIP: 70476XAH8<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |    739850 | PA      | $682511.30    | 0.18%             | 2025-02-14      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming, Inc.                         | Genesee & Wyoming, Inc., 1st Lien Term Loan                           | CUSIP: 55316HAB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   1632495 | PA      | $1615157.75   | 0.43%             | 2026-12-30      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                       | Zekelman Industries, Inc., 1st Lien Term Loan                         | CUSIP: 98931YAC7<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |    792127 | PA      | $771666.16    | 0.21%             | 2027-01-24      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| LABL, Inc.                                      | LABL, Inc., 1st Lien Term Loan B                                      | CUSIP: 50168EAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1545458 | PA      | $1465604.03   | 0.39%             | 2028-10-29      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Claire's Stores, Inc.                           | Claire's Stores, Inc., 1st Lien Term Loan B                           | CUSIP: 17958DAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2643446 | PA      | $2352666.52   | 0.63%             | 2026-12-18      | Variable      | 10.57%                | No            |                  2 | On Loan: No      |
| Mirion Technologies, Inc.                       | Mirion Technologies, Inc., 1st Lien Term Loan                         | CUSIP: 60470HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1784879 | PA      | $1748806.67   | 0.47%             | 2028-10-20      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                             | NuStar Logistics LP                                                   | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1880723.78   | 0.50%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Vertex Aerospace Services Corp.                 | Vertex Aerospace Services Corp., 1st Lien Term Loan B                 | CUSIP: 92532MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2008132 | PA      | $1969977.37   | 0.52%             | 2028-12-06      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B SARL                       | Summer (BC) Holdco B SARL, 1st Lien Term Loan B                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1271727 | PA      | $1168004.75   | 0.31%             | 2026-12-04      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                     | Asurion LLC, 1st Lien Term Loan B                                     | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1350137 | PA      | $1167530.95   | 0.31%             | 2027-07-31      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Graham Packaging Co., Inc.                      | Graham Packaging Co., Inc., 1st Lien Term Loan                        | CUSIP: 38469EAD5<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |   1534663 | PA      | $1498215.07   | 0.40%             | 2027-08-04      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Duff & Phelps Corp.                             | Duff & Phelps Corp., 1st Lien Term Loan B                             | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   1355571 | PA      | $1279075.90   | 0.34%             | 2027-04-09      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| KDC US Holdings, Inc.                           | KDC US Holdings, Inc., 1st Lien Term Loan B                           | CUSIP: C4953EAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2043495 | PA      | $1966005.73   | 0.52%             | 2025-12-22      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                     | Asurion LLC, Term Loan B-10                                           | CUSIP: 04649VBB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    695893 | PA      | $608614.13    | 0.16%             | 2028-08-19      | Variable      | 7.65%                 | No            |                  2 | On Loan: No      |
| Brooks Automation                               | Brooks Automation, 1st Lien Term Loan B                               | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3755588 | PA      | $3539641.22   | 0.94%             | 2029-02-01      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Virtusa Corp.                                   | Virtusa Corp., 1st Lien Term Loan B                                   | CUSIP: 92828KAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    983629 | PA      | $953195.09    | 0.25%             | 2029-02-15      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| USI, Inc.                                       | USI, Inc., Term Loan                                                  | CUSIP: 90351NAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1790920 | PA      | $1785887.31   | 0.48%             | 2024-05-16      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition Corp.                           | WMG Acquisition Corp., 1st Lien Term Loan G                           | CUSIP: 92929LAV0<br>LEI: 549300NAS11NXI33CP80 | Long             | LON              | CORP              | US        |   1846939 | PA      | $1816150.62   | 0.48%             | 2028-01-20      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings, Inc.                | Quest Software US Holdings, Inc., 1st Lien Term Loan B                | CUSIP: 74834YAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2089762 | PA      | $1579735.06   | 0.42%             | 2029-02-01      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| Bway Holding Co.                                | Bway Holding Co., 1st Lien Term Loan                                  | CUSIP: 05604XAP1<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   1881756 | PA      | $1824136.52   | 0.49%             | 2024-04-03      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| Shutterfly, Inc.                                | Shutterfly, Inc., 1st Lien Term Loan B                                | CUSIP: 82568QAN4<br>LEI: 549300I1C8WJQ5FZE154 | Long             | LON              | CORP              | US        |   2016400 | PA      | $1231274.35   | 0.33%             | 2026-09-25      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg SARL                            | ICON Luxembourg SARL, 1st Lien Term Loan B                            | CUSIP: L5000DAC1<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |    928138 | PA      | $922968.28    | 0.25%             | 2028-07-03      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                           | Gray Television, Inc., 1st Lien Term Loan B                           | CUSIP: 389376AX2<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    303227 | PA      | $302468.68    | 0.08%             | 2024-02-07      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                  | Univision Communications, Inc., 1st Lien Term Loan B                  | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1692725 | PA      | $1660986.17   | 0.44%             | 2026-03-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Red Ventures LLC                                | Red Ventures LLC, 1st Lien Term Loan B                                | CUSIP: 75703UAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    932121 | PA      | $921634.44    | 0.25%             | 2024-11-08      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Grizzly Acquisitions, Inc.                      | Grizzly Acquisitions, Inc., 1st Lien Term Loan B                      | CUSIP: C4127DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1174003 | PA      | $1160502.23   | 0.31%             | 2025-10-01      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Albany Molecular Research, Inc.                 | Albany Molecular Research, Inc., 1st Lien Term Loan                   | CUSIP: 01242HAM0<br>LEI: CHZJRCSC4ACUSUD2MV11 | Long             | LON              | CORP              | US        |   2161841 | PA      | $1787755.74   | 0.48%             | 2026-08-30      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Osmose Holdings, Inc.                           | Osmose Holdings, Inc., 1st Lien Term Loan                             | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |   2117262 | PA      | $1992110.83   | 0.53%             | 2028-06-23      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.            | Clear Channel Outdoor Holdings, Inc., 1st Lien Term Loan B            | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3847045 | PA      | $3512159.64   | 0.94%             | 2026-08-21      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group, Inc. (The)             | Ultimate Software Group, Inc. (The), 1st Lien Term Loan               | CUSIP: 90385KAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    800875 | PA      | $772508.08    | 0.21%             | 2026-05-04      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Invenergy Thermal Operating I LLC               | Invenergy Thermal Operating I LLC, Term Loan                          | CUSIP: 46123UAG3<br>LEI: 549300JF5R5BXJAMZL67 | Long             | LON              | CORP              | US        |    996206 | PA      | $982508.34    | 0.26%             | 2025-08-28      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                   | Staples, Inc., 1st Lien Term Loan                                     | CUSIP: 855031AQ3<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |    977560 | PA      | $870125.85    | 0.23%             | 2026-04-16      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Birkenstock                                     | Birkenstock, 1st Lien Term Loan B                                     | CUSIP: L0527CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1553106 | PA      | $1490981.71   | 0.40%             | 2028-04-28      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment                           | Banijay Entertainment, 1st Lien Term Loan B                           | CUSIP: F6456UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1699290 | PA      | $1684421.29   | 0.45%             | 2025-03-01      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| PQ Corp.                                        | PQ Corp., 1st Lien Term Loan B                                        | CUSIP: 27922JAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1717958 | PA      | $1685024.93   | 0.45%             | 2028-06-09      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| NAI Entertainment Holdings LLC                  | NAI Entertainment Holdings LLC, 1st Lien Term Loan B                  | CUSIP: 62981EAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1382803 | PA      | $1313663.04   | 0.35%             | 2025-05-08      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                        | Diamond Sports Group LLC, 2nd Lien Term Loan                          | CUSIP: 25277BAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1739079 | PA      | $275000.64    | 0.07%             | 2026-08-24      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| Moran Foods Backstop Equity                     | Moran Foods Backstop Equity                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    166799 | NS      | $416998.63    | 0.11%             |  |  |  | No            |                  3 | On Loan: No      |
| Conservice Midco LLC                            | Conservice Midco LLC, 1st Lien Term Loan                              | CUSIP: 20848PAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1366338 | PA      | $1319650.15   | 0.35%             | 2027-05-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Moran Foods LLC                                 | Moran Foods LLC, 1st Lien Term Loan B                                 | CUSIP: 61647DAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1804260 | PA      | $1449415.90   | 0.39%             | 2024-04-01      | Variable      | 10.67%                | No            |                  3 | On Loan: No      |
| Envision Healthcare Corp.                       | Envision Healthcare Corp., 1st Lien Term Loan                         | CUSIP: 29373UAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2767903 | PA      | $618155.88    | 0.16%             | 2027-03-31      | Variable      | 7.49%                 | No            |                  2 | On Loan: No      |
| Moran Foods LLC                                 | Moran Foods LLC, Tranche A 2nd Lien Term Loan                         | CUSIP: 61647DAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4061821 | PA      | $2355855.91   | 0.63%             | 2024-10-01      | Variable      | 14.42%                | No            |                  2 | On Loan: No      |
| Traeger Grills                                  | Traeger Grills, 1st Lien Term Loan                                    | CUSIP: 87251RAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1213051 | PA      | $970901.66    | 0.26%             | 2028-06-29      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| DigiCert, Inc.                                  | DigiCert, Inc., 1st Lien Term Loan                                    | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |    820611 | PA      | $788081.56    | 0.21%             | 2026-10-16      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| Synaptics, Inc.                                 | Synaptics, Inc., 1st Lien Term Loan B                                 | CUSIP: 87159JAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2580278 | PA      | $2529472.51   | 0.67%             | 2028-12-02      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Commscope, Inc.                                 | Commscope, Inc., 1st Lien Term Loan B-2                               | CUSIP: 20337EAQ4<br>LEI: 724500R0MD16646Q8383 | Long             | LON              | CORP              | NL        |   3693546 | PA      | $3544659.22   | 0.94%             | 2026-04-06      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating SCA                 | Trinseo Materials Operating SCA                                       | CUSIP: 89668QAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1500000 | PA      | $1201875.00   | 0.32%             | 2025-09-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Genesys Telecom Holdings US, Inc.               | Genesys Telecom Holdings US, Inc., 1st Lien Term Loan B               | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |   2219895 | PA      | $2151921.80   | 0.57%             | 2027-12-01      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| WIRB-Copernicus Group, Inc.                     | WIRB-Copernicus Group, Inc., 1st Lien Term Loan B                     | CUSIP: 23343FAB0<br>LEI: 254900CEZYHAWVXDTS47 | Long             | LON              | CORP              | US        |   1998086 | PA      | $1873205.75   | 0.50%             | 2027-01-08      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Tekni-Plex, Inc.                                | Tekni-Plex, Inc., Delayed Draw Term Loan B                            | CUSIP: 00216EAF6<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    285295 | PA      | $273424.18    | 0.07%             | 2028-09-15      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating SCA                 | Trinseo Materials Operating SCA, 1st Lien Term Loan B                 | CUSIP: L9339LAG8<br>LEI: 549300WNMXD3KV7LO256 | Long             | LON              | CORP              | LU        |   1220877 | PA      | $1175313.57   | 0.31%             | 2024-09-06      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                        | Pathway Vet Alliance LLC, 1st Lien Term Loan                          | CUSIP: 70323KAE8<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |   1027616 | PA      | $901003.42    | 0.24%             | 2027-03-31      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Camelot Finance LP                              | Camelot Finance LP, 1st Lien Term Loan B                              | CUSIP: L2000AAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1959335 | PA      | $1925653.57   | 0.51%             | 2026-10-30      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Claire's Stores, Inc.                           | Claire's Stores, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2617 | NS      | $5888250.00   | 1.57%             |  |  |  | No            |                  3 | On Loan: No      |
| Ineos US Finance LLC                            | Ineos US Finance LLC, 1st Lien Term Loan B                            | CUSIP: 45672JAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    789500 | PA      | $754675.16    | 0.20%             | 2028-11-08      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| ION Corp.                                       | ION Corp., 1st Lien Term Loan B                                       | CUSIP: 42328DAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1416848 | PA      | $1373747.12   | 0.37%             | 2028-03-11      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Pearl Intermediate Parent LLC                   | Pearl Intermediate Parent LLC, 1st Lien Term Loan B-3                 | CUSIP: 70476XAK1<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |    829056 | PA      | $765840.02    | 0.20%             | 2025-02-14      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                             | Medline Borrower LP, 1st Lien Term Loan B                             | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   3084520 | PA      | $2926006.74   | 0.78%             | 2028-10-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Spirit Aerosystems, Inc.                        | Spirit Aerosystems, Inc., 1st Lien Term Loan B                        | CUSIP: 84857HAY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    795000 | PA      | $784402.65    | 0.21%             | 2027-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                               | IRB Holding Corp., 1st Lien Term Loan B                               | CUSIP: 44988LAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1291862 | PA      | $1241479.57   | 0.33%             | 2027-12-15      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                     | Project Boost Purchaser LLC, 1st Lien Term Loan B                     | CUSIP: 74339NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1641004 | PA      | $1583913.41   | 0.42%             | 2026-06-01      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                       | Ford Motor Credit Co. LLC                                             | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2737110.00   | 0.73%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gemini HDPE LLC                                 | Gemini HDPE LLC, 1st Lien Term Loan B                                 | CUSIP: 36866KAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1537137 | PA      | $1496018.41   | 0.40%             | 2027-12-31      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer