UNAUDITED FU JPMorgan Federal Money Market Fund

Transcription

1 UNAUDITED FU JPMorgan Federal Money Market Fund As of Date: 06/30/2016 Investment Cateogry Issuer CUSIP Legal Coupon or Yield (%) Amount ($) Market Value ($) Fixed/Variable Parent Name Value S and P Rating Moodys Rating Fitch Rating Country Sponsor U.S. Government Age FEDERAL FARM CR R77 12/02/ /02/ ,000, ,948, Fixed Federal Farm Credit S 0.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EDN24 07/06/ /06/ ,000, ,999, Variable Federal Farm Credit S 1.30 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EE2U3 07/01/ /29/ ,000, ,916, Variable Federal Farm Credit S 1.50 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EFAQ0 07/26/ /26/ ,000, ,883, Variable Federal Farm Credit S 1.50 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EFL39 07/08/ /08/ ,000, ,004, Variable Federal Farm Credit S 0.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EFWM5 07/25/ /25/ ,000, ,000, Variable Federal Farm Credit S 0.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EFX93 07/05/ /05/ ,000, ,998, Variable Federal Farm Credit S 0.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL FARM CR 3133EFZK6 07/12/ /12/ ,000, ,993, Variable Federal Farm Credit S 1.20 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A6P50 07/21/ /21/ ,000, ,972, Variable Federal Home Loan B 1.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A72J3 07/15/ /17/ ,000, ,000, Variable Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A73S2 07/19/ /26/ ,000, ,000, Variable Federal Home Loan B 1.20 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A7DD4 08/22/ /11/ ,000, ,998, Variable Federal Home Loan B 0.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A7DE2 08/22/ /22/ ,000, ,999, Variable Federal Home Loan B 1.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A7EW1 09/04/ /27/ ,000, ,000, Variable Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A7G90 09/08/ /08/ ,000, ,993, Variable Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO A41 08/01/ /01/ ,200, ,179, Fixed Federal Home Loan B 2.20 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO B32 08/08/ /08/ ,000, ,986, Fixed Federal Home Loan B 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO B57 08/10/ /10/ ,000, ,995, Fixed Federal Home Loan B 0.40 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO B73 08/12/ /12/ ,000, ,972, Fixed Federal Home Loan B 2.20 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO C23 08/15/ /15/ ,000, ,960, Fixed Federal Home Loan B 3.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO C49 08/17/ /17/ ,000, ,949, Fixed Federal Home Loan B 3.60 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO C98 08/22/ /22/ ,000, ,952, Fixed Federal Home Loan B 3.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO D55 08/26/ /26/ ,000, ,948, Fixed Federal Home Loan B 3.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3.13E+52 09/02/ /02/ ,000, ,955, Fixed Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3.13E /07/ /07/ ,000, ,894, Fixed Federal Home Loan B 3.60 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO F87 09/14/ /14/ ,000, ,863, Fixed Federal Home Loan B 3.30 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO H85 09/30/ /30/ ,000, ,905, Fixed Federal Home Loan B 3.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO S42 12/07/ /07/ ,000, ,932, Fixed Federal Home Loan B 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO YV5 07/01/ /01/ ,000, ,000, Fixed Federal Home Loan B 0.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZC6 07/08/ /08/ ,023, ,012, Fixed Federal Home Loan B 4.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZF9 07/11/ /11/ ,000, ,996, Fixed Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZH5 07/13/ /13/ ,000, ,998, Fixed Federal Home Loan B 0.40 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZK8 07/15/ /15/ ,000, ,993, Fixed Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZR3 07/21/ /21/ ,000, ,995, Fixed Federal Home Loan B 1.50 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZV4 07/25/ /25/ ,000, ,977, Fixed Federal Home Loan B 5.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO ZX0 07/27/ /27/ ,892, ,869, Fixed Federal Home Loan B 2.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO 3130A8HP1 09/14/ /14/ ,000, ,000, Variable Federal Home Loan B 0.70 A-1+ P-1 NR UNITED STATES NA

2 U.S. Government Age FEDERAL HOME LO B65 08/11/ /11/ ,000, ,953, Fixed Federal Home Loan B 3.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO C64 08/19/ /19/ ,000, ,982, Fixed Federal Home Loan B 0.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Age FEDERAL HOME LO F38 09/09/ /09/ ,000, ,890, Fixed Federal Home Loan B 3.60 A-1+ P-1 NR UNITED STATES NA U.S. Treasury Debt US TREASURY GW3 07/21/ /21/ ,593, ,582, Fixed US Government 3.60 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY HZ5 07/07/ /07/ ,286, ,285, Fixed US Government 0.50 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY JB6 07/14/ /14/ ,000, ,997, Fixed US Government 1.80 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY JC4 07/28/ /28/ ,000, ,898, Fixed US Government A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY VL1 07/15/ /15/ ,000, ,001, Fixed US Government 0.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY RM4 10/31/ /31/ ,000, ,048, Fixed US Government 0.70 A-1+ P-1 F1+ UNITED STATES NA Grand 3,374,690, Weighted Average 40 Weighted Average Life 102 Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date. Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

3 UNAUDITED FUND HOLDIN JPMorgan Federal Money Market Fund As of Date: 05/31/2016 Investment Cateogry Issuer CUSIP Legal Coupon or Yield (%) Amount ($) Market Value ($) Fixed/Variable Parent Name Value S and P Rating Moodys Rating Fitch Rating Country Sponsor U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A7DD4 08/22/ /11/ ,000, ,998, Variable Federal Home Loan Banks 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A73S2 06/19/ /26/ ,000, ,000, Variable Federal Home Loan Banks 1.40 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A72J3 06/15/ /17/ ,000, ,000, Variable Federal Home Loan Banks 1.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A6P50 06/21/ /21/ ,000, ,970, Variable Federal Home Loan Banks 1.30 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A5GL7 06/21/ /21/ ,000, ,999, Fixed Federal Home Loan Banks 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS ZK8 07/15/ /15/ ,000, ,978, Fixed Federal Home Loan Banks 1.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS ZC6 07/08/ /08/ ,023, ,969, Fixed Federal Home Loan Banks 5.60 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS YN3 06/24/ /24/ ,000, ,932, Fixed Federal Home Loan Banks A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS YF0 06/17/ /17/ ,155, ,134, Fixed Federal Home Loan Banks 4.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS YD5 06/15/ /15/ ,000, ,969, Fixed Federal Home Loan Banks 7.30 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS XY0 06/10/ /10/ ,413, ,411, Fixed Federal Home Loan Banks 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS XP9 06/01/ /01/ ,197, ,197, Fixed Federal Home Loan Banks 8.60 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS F87 09/14/ /14/ ,000, ,808, Fixed Federal Home Loan Banks 4.00 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS F38 09/09/ /09/ ,000, ,892, Fixed Federal Home Loan Banks 2.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3.13E /07/ /07/ ,000, ,895, Fixed Federal Home Loan Banks 2.70 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3.13E+52 09/02/ /02/ ,000, ,934, Fixed Federal Home Loan Banks 1.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS C64 08/19/ /19/ ,000, ,972, Fixed Federal Home Loan Banks 0.90 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS B32 08/08/ /08/ ,000, ,976, Fixed Federal Home Loan Banks 1.10 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A7G90 06/08/ /08/ ,000, ,992, Variable Federal Home Loan Banks 1.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A7EW1 06/04/ /27/ ,000, ,000, Variable Federal Home Loan Banks 1.80 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 3130A7DE2 08/22/ /22/ ,000, ,999, Variable Federal Home Loan Banks 1.30 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EFX93 06/05/ /05/ ,000, ,998, Variable Federal Farm Credit System 0.90 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EFWM5 06/25/ /25/ ,000, ,000, Variable Federal Farm Credit System 0.90 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EFL39 06/08/ /08/ ,000, ,004, Variable Federal Farm Credit System 0.90 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EE2U3 06/01/ /29/ ,000, ,912, Variable Federal Farm Credit System 1.80 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EDN24 06/06/ /06/ ,000, ,999, Variable Federal Farm Credit System 1.60 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS ZX0 07/27/ /27/ ,892, ,842, Fixed Federal Home Loan Banks 3.30 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS YL7 06/22/ /22/ ,892, ,827, Fixed Federal Home Loan Banks A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL HOME LOAN BANKS XW4 06/08/ /08/ ,167, ,166, Fixed Federal Home Loan Banks 0.10 A-1+ P-1 NR UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EFZK6 06/12/ /12/ ,000, ,993, Variable Federal Farm Credit System 1.40 A-1+ P-1 F1+ UNITED STATES NA U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 3133EFAQ0 06/26/ /26/ ,000, ,878, Variable Federal Farm Credit System 1.80 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY QR4 06/30/ /30/ ,000, ,069, Fixed US Government 2.70 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY KZ2 06/30/ /30/ ,000, ,055, Fixed US Government 0.90 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY HT9 06/02/ /02/ ,967, ,966, Fixed US Government 3.40 A-1+ P-1 F1+ UNITED STATES NA U.S. Treasury Debt US TREASURY VL1 07/15/ /15/ ,000, ,004, Fixed US Government 0.90 A-1+ P-1 F1+ UNITED STATES NA Grand 2,790,751, Weighted Average 31 Weighted Average Life 112 Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date.

4 Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

5 As of Date: 04/30/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.54% 12/05/16 12/05/ S27 25,000, ,918, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.41% 05/06/16 07/06/ EDN24 45,000, ,998, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 05/01/16 10/21/ EFLC9 100,000, ,000, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.43% 05/21/16 08/21/ EFAK3 22,000, ,993, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.47% 05/26/16 02/26/ EFAQ0 50,000, ,872, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.50% 05/01/16 01/29/ EE2U3 50,000, ,907, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.54% 05/25/16 04/25/ EFWM5 25,000, ,000, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.55% 05/05/16 07/05/ EFX93 25,000, ,998, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.58% 05/12/16 02/12/ EFZK6 40,000, ,993, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.61% 05/08/16 03/08/ EFL39 25,000, ,004, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.25% 05/13/16 05/13/ WU9 19,345, ,343, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 05/12/16 05/12/ WT2 80,000, ,992, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 05/25/16 05/25/ XG9 281,842, ,779, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 07/08/16 07/08/ ZC6 180,723, ,605, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 07/27/16 07/27/ ZX0 100,000, ,916, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 06/17/16 06/17/ YF0 100,000, ,951, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 05/11/16 05/11/ WS4 200,000, ,978, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 06/15/16 06/15/ YD5 200,000, ,902, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 05/06/16 05/06/ WM7 100,000, ,994, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 05/23/16 05/23/ XE4 100,000, ,968, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.58% 09/14/16 09/14/ F87 113,000, ,752, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 05/10/16 05/10/ WR6 84,230, ,223, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 05/20/16 05/20/ XB0 340,850, ,791, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 07/13/16 07/13/ ZH5 93,435, ,368, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 07/15/16 07/15/ ZK8 50,000, ,963, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.36% 06/21/16 06/21/ A5GL7 25,000, ,999, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 05/04/16 05/04/ WK1 200,000, ,993, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.42% 08/08/16 08/08/ B32 30,000, ,965, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.46% 05/21/16 04/21/ A6P50 35,000, ,967, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.50% 08/19/16 08/19/ C64 25,000, ,961, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 09/02/16 09/02/ E47 50,000, ,912, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 09/07/16 09/07/ E96 75,000, ,862, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.52% 09/09/16 09/09/ F38 75,000, ,858, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.53% 05/19/16 01/26/ A73S2 40,000, ,000, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.54% 05/15/16 01/17/ A72J3 50,000, ,000, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.57% 06/04/16 03/27/ A7EW1 50,000, ,000, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.61% 05/22/16 09/11/ A7DD4 25,000, ,998, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.62% 05/22/16 02/22/ A7DE2 35,000, ,999, P-1 A-1+ UNITED STATES U.S. Government Agency Debt FEDERAL HOME LOAN BANKS 0.63% 06/08/16 03/08/ A7G90 50,000, ,992, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 0.15% 05/19/16 05/19/ HS1 325,000, ,976, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 0.16% 05/26/16 05/26/ GN3 65,412, ,404, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 0.32% 04/30/16 04/30/ D31 226,366, ,366, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 0.63% 07/15/16 07/15/ VL1 25,000, ,007, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 0.63% 12/15/16 12/15/ A59 100,000, ,103, P-1 A-1+ UNITED STATES Page 1 of 2

6 As of Date: 04/30/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country U.S. Treasury Debt US TREASURY 1.50% 06/30/16 06/30/ QR4 75,000, ,143, P-1 A-1+ UNITED STATES U.S. Treasury Debt US TREASURY 3.25% 06/30/16 06/30/ KZ2 25,000, ,114, P-1 A-1+ UNITED STATES Grand 4,055,847, Weighted Average 42 Weighted Average Life 109 Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes. Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date. Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co Page 2 of 2

7 As of Date: 03/31/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.41% 04/06/16 07/06/ EDN24 45,000, ,997, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 04/21/16 08/21/ EFAK3 22,000, ,993, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 04/01/16 10/21/ EFLC9 100,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.46% 04/26/16 02/26/ EFAQ0 50,000, ,866, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.50% 04/01/16 01/29/ EE2U3 50,000, ,903, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.53% 04/25/16 04/25/ EFWM5 25,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.54% 04/05/16 07/05/ EFX93 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.59% 04/12/16 02/12/ EFZK6 40,000, ,992, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 05/12/16 05/12/ WT2 80,000, ,972, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 05/25/16 05/25/ XG9 280,779, ,638, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/22/16 04/22/ VX4 100,000, ,980, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/05/16 04/05/ VE6 200,000, ,992, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 06/17/16 06/17/ YF0 100,000, ,920, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 05/11/16 05/11/ WS4 200,000, ,914, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 06/15/16 06/15/ YD5 200,000, ,837, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 05/06/16 05/06/ WM7 100,000, ,960, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 05/23/16 05/23/ XE4 100,000, ,926, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.58% 09/14/16 09/14/ F87 113,000, ,697, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.25% 04/08/16 04/08/ VH9 7,697, ,696, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 05/10/16 05/10/ WR6 200,000, ,935, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 05/20/16 05/20/ XB0 340,850, ,699, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/06/16 04/06/ VF3 90,000, ,995, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/07/16 04/07/ VG1 22,550, ,548, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.36% 06/21/16 06/21/ A5GL7 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 04/15/16 04/15/ VQ9 80,700, ,688, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 04/29/16 04/29/ WE5 155,000, ,950, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 05/04/16 05/04/ WK1 200,000, ,924, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.42% 08/08/16 08/08/ B32 30,000, ,954, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.45% 04/21/16 04/21/ A6P50 35,000, ,964, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.50% 08/19/16 08/19/ C64 25,000, ,951, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 09/02/16 09/02/ E47 50,000, ,890, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 09/07/16 09/07/ E96 75,000, ,831, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.52% 09/09/16 09/09/ F38 75,000, ,826, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.52% 04/19/16 01/26/ A73S2 40,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.54% 04/15/16 01/17/ A72J3 50,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.57% 06/04/16 03/27/ A7EW1 50,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.61% 05/22/16 09/11/ A7DD4 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.62% 05/22/16 02/22/ A7DE2 35,000, ,999, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.63% 06/08/16 03/08/ A7G90 50,000, ,991, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.26% 04/14/16 04/14/ HL6 150,000, ,986, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.27% 04/21/16 04/21/ HM4 225,000, ,966, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.37% 04/01/16 04/30/ D31 126,366, ,373, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.37% 04/01/16 04/30/ K41 25,000, ,979, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.63% 07/15/16 07/15/ VL1 25,000, ,009, P-1 A-1+ UNITED STATES Page 1 of 2

8 As of Date: 03/31/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country Treasury Debt US TREASURY 1.50% 06/30/16 06/30/ QR4 75,000, ,214, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 3.25% 06/30/16 06/30/ KZ2 25,000, ,171, P-1 A-1+ UNITED STATES Grand 4,142,142, Weighted Average 47 Weighted Average Life 115 Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes. Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date. Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co Page 2 of 2

9 As of Date: 02/29/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.40% 03/30/16 03/30/ EDPE6 40,000, ,999, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.40% 03/06/16 07/06/ EDN24 45,000, ,996, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 03/21/16 08/21/ EFAK3 22,000, ,993, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 03/01/16 10/21/ EFLC9 100,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.43% 03/18/16 03/18/ ED7M8 25,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.44% 03/25/16 09/25/ EFEV5 22,000, ,993, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.46% 03/28/16 08/28/ EFLT2 25,000, ,994, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.50% 03/01/16 01/29/ EE2U3 50,000, ,898, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.54% 03/25/16 04/25/ EFWM5 25,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.58% 03/12/16 02/12/ EFZK6 40,000, ,992, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 03/18/16 03/18/ UL1 115,700, ,684, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 03/23/16 03/23/ UR8 41,573, ,564, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/22/16 04/22/ VX4 100,000, ,951, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/05/16 04/05/ VE6 200,000, ,933, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.38% 03/22/16 03/22/ UQ0 175,000, ,961, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 05/11/16 05/11/ WS4 200,000, ,848, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 05/25/16 05/25/ XG9 105,000, ,901, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 05/06/16 05/06/ WM7 100,000, ,925, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 05/23/16 05/23/ XE4 100,000, ,882, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 03/11/16 03/11/ UD9 200,000, ,983, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 03/21/16 03/21/ UP2 200,000, ,966, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 03/28/16 03/28/ UW7 124,000, ,972, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.31% 03/02/16 03/02/ TU3 193,948, ,946, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 03/30/16 03/30/ UY3 50,000, ,986, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/06/16 04/06/ VF3 90,000, ,969, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.34% 04/07/16 04/07/ VG1 22,550, ,542, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 03/17/16 03/17/ UK3 236,223, ,186, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.36% 06/21/16 06/21/ A5GL7 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 04/15/16 04/15/ VQ9 80,700, ,663, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 03/03/16 03/27/ A7EW1 50,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.38% 05/20/16 05/20/ XB0 90,850, ,773, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.39% 03/16/16 03/16/ UJ6 117,000, ,980, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 07/08/16 07/08/ A5MZ9 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 04/29/16 04/29/ WE5 155,000, ,895, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 05/04/16 05/04/ WK1 200,000, ,854, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.44% 03/08/16 04/25/ A6KS5 25,000, ,995, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.45% 03/21/16 04/21/ A6P50 35,000, ,961, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.52% 03/19/16 01/26/ A73S2 40,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.53% 03/15/16 01/17/ A72J3 50,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.59% 05/22/16 09/11/ A7DD4 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.62% 05/22/16 02/22/ A7DE2 35,000, ,999, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.28% 03/24/16 03/24/ HH5 250,000, ,955, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.39% 03/01/16 04/30/ D31 126,366, ,379, P-1 A-1+ UNITED STATES Value Rating Rating Country Page 1 of 2

10 As of Date: 02/29/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Treasury Debt US TREASURY 0.39% 03/01/16 04/30/ K41 115,000, ,911, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.40% 03/01/16 01/31/ H60 75,000, ,023, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.63% 07/15/16 07/15/ VL1 25,000, ,012, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 3.25% 06/30/16 06/30/ KZ2 25,000, ,231, P-1 A-1+ UNITED STATES Grand 4,216,709, Weighted Average 34 Weighted Average Life 111 Value Rating Rating Country Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes. Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date. Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co Page 2 of 2

11 As of Date: 01/31/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.22% 02/03/16 02/03/ SQ4 22,702, ,701, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.39% 02/29/16 03/30/ EDPE6 40,000, ,999, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.39% 02/06/16 07/06/ EDN24 45,000, ,996, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.41% 02/21/16 08/21/ EFAK3 22,000, ,992, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 02/01/16 08/01/ EFBX4 20,000, ,996, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.42% 02/29/16 11/29/ EDWK4 24,000, ,997, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.43% 02/18/16 03/18/ ED7M8 25,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.43% 02/25/16 09/25/ EFEV5 22,000, ,992, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.43% 02/01/16 10/21/ EFLC9 100,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.46% 02/28/16 08/28/ EFLT2 25,000, ,993, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL FARM CREDIT SYSTEM 0.53% 02/25/16 04/25/ EFWM5 25,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.13% 02/05/16 02/05/ SS9 75,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.19% 02/08/16 02/08/ SV2 22,417, ,416, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/23/16 02/23/ TL3 65,000, ,989, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/25/16 02/25/ TN9 125,000, ,977, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/29/16 02/29/ TS8 100,000, ,979, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 03/24/16 03/24/ US6 50,000, ,980, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 02/26/16 02/26/ TP4 110,044, ,021, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.30% 02/09/16 02/09/ SW0 35,000, ,997, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.33% 03/23/16 03/23/ UR8 41,573, ,553, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.35% 04/22/16 04/22/ VX4 135,000, ,893, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.38% 03/22/16 03/22/ UQ0 175,000, ,907, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.51% 05/23/16 05/23/ XE4 100,000, ,841, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.16% 02/22/16 02/22/ TK5 181,000, ,983, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.18% 03/01/16 03/01/ TT6 100,000, ,985, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.21% 02/08/16 02/08/ A5CA5 25,000, ,999, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/03/16 02/03/ SQ3 150,000, ,997, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/19/16 02/19/ TG4 48,684, ,677, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.27% 02/10/16 02/10/ SX8 308,400, ,379, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 02/17/16 02/17/ TE9 58,637, ,629, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 02/24/16 02/24/ TM1 275,000, ,949, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.29% 03/16/16 03/16/ UJ6 167,000, ,940, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.31% 03/02/16 03/02/ TU3 170,000, ,955, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.36% 06/21/16 06/21/ A5GL7 25,000, ,997, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.37% 04/15/16 04/15/ VQ9 80,700, ,639, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.40% 07/08/16 07/08/ A5MZ9 25,000, ,998, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.41% 04/29/16 04/29/ WE5 155,000, ,844, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.43% 02/08/16 04/25/ A6KS5 25,000, ,995, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.44% 02/21/16 04/21/ A6P50 35,000, ,959, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.45% 03/17/16 03/17/ UK3 100,000, ,943, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.52% 02/19/16 01/26/ A73S2 40,000, ,000, P-1 A-1+ UNITED STATES Government Agency Debt FEDERAL HOME LOAN BANKS 0.53% 02/15/16 01/17/ A72J3 50,000, ,000, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.30% 02/25/16 02/25/ HD4 300,000, ,940, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.32% 04/28/16 04/28/ GH6 59,442, ,395, P-1 A-1+ UNITED STATES Page 1 of 2

12 As of Date: 01/31/2016 Category of Investment Name Coupon Date Date Security ID Amount Value ($) Value Rating Rating Country Treasury Debt US TREASURY 0.36% 02/01/16 10/31/ F70 52,327, ,320, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.37% 02/01/16 04/30/ D31 26,366, ,369, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.38% 03/31/16 03/31/ C40 60,000, ,010, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.38% 02/01/16 04/30/ K41 150,000, ,856, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 0.63% 07/15/16 07/15/ VL1 25,000, ,015, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 2.25% 03/31/16 03/31/ QA1 100,000, ,317, P-1 A-1+ UNITED STATES Treasury Debt US TREASURY 3.25% 06/30/16 06/30/ KZ2 25,000, ,286, P-1 A-1+ UNITED STATES Grand 4,221,617, Weighted Average 35 Weighted Average Life 93 Must be preceded or accompanied by a prospectus. The UNAUDITED UNCERTIFIED MUTUAL FUND HOLDINGS LIST ( the list ) IS TO BE USED FOR REPORTING PURPOSES ONLY. The list is submitted for the general information of the Fund. The list has been created from the books and records of the Fund without examination by independent auditors. The uncertified holdings list is available on a one business day lag. The figures shown in the Value column, represent the values of the Fund s investments using the amortized cost method of valuation pursuant to Rule 2a-7 of the Investment Company Act of The list is subject to change without notice. The Value represents the Gross Assets of the Fund and may include forward settling trades. This list is for informational purposes only and not intended as an offer or solicitation with respect to the purchase or sale of any security. Each business day, each Fund will make available upon request an uncertified complete schedule of its portfolio holdings as of the prior business day. Shareholders may request portfolio holdings schedules for a particular day or on an ongoing basis at no charge by calling Unless otherwise noted, the dollar-weighted average maturity and the dollar-weighted average life listed for the Fund is the same for each of the Fund's share classes. Dollar-weighted average maturity: The average maturity of the Fund is the average amount of time until the organizations that issued the debt securities in the Fund's portfolio must pay off the principal amount of the debt. "Dollar-weighted" means the larger the dollar value of debt security in the Fund, the more weight it gets in calculating this average. To calculate the dollar-weighted average maturity, the Fund may treat a variable or floating rate security as having a maturity equal to the time remaining to the security's next interest rate reset date rather than the security's actual maturity date. Dollar-weighted average life: The dollar weighted average portfolio maturity without reference to the exceptions used for variable or floating rate securities regarding the use of the date of interest rate resets in lieu of the security's actual maturity date. Legal Date: The final legal maturity date is the date on which the organization that issued the debt security must pay off the principal amount of the debt. J. P. Morgan Asset Management is the marketing name for the asset management business of JPMorganChase & Co. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorganChase & Co. Affiliates of JPMorganChase & Co. Affiliates of JPMorganChase & Co. receive fees for providing various services to the funds. JPMorganChase & Co Page 2 of 2