JPMORGAN INTERNATIONAL ADVANTAGE FUND 12/31/2020 Blank Row Asset Name Shares Value (USD) % 3I GROUP PLC COMMON STOCK GBP 73.8636 556,889.00 8,808,273.04 0.52% ADECCO GROUP AG COMMON STOCK CHF 0.1 194,071.00 12,925,780.98 0.76% AGEAS SA/NV COMMON STOCK EUR 0 320,370.00 17,013,923.60 1.00% AGL ENERGY LTD COMMON STOCK AUD 0 377,746.00 3,486,737.13 0.20% AIA GROUP LTD COMMON STOCK HKD 0 1,378,000.00 16,792,476.56 0.98% ALLIANZ SE COMMON STOCK EUR 0 113,822.00 27,962,989.62 1.64% ANDRITZ AG COMMON STOCK EUR 0 138,828.00 6,364,031.57 0.37% ANGLO AMERICAN PLC COMMON STOCK GBP 0.54945 605,601.00 19,998,296.51 1.17% ANSELL LTD COMMON STOCK AUD 0 474,710.00 12,689,994.52 0.74% AP MOLLER - MAERSK A/S COMMON STOCK DKK 1000 7,194.00 16,008,464.97 0.94% ASHTEAD GROUP PLC COMMON STOCK GBP 10 394,766.00 18,593,868.43 1.09% ASM INTERNATIONAL NV COMMON STOCK EUR 0.04 55,298.00 12,067,193.58 0.71% ASML HOLDING NV COMMON STOCK EUR 0.09 32,298.00 15,637,956.04 0.92% ASTRAZENECA PLC COMMON STOCK GBP 0.25 86,654.00 8,640,554.00 0.51% ATOS SE COMMON STOCK EUR 1 156,521.00 14,292,821.14 0.84% AUSTAL LTD COMMON STOCK AUD 0 954,925.00 1,970,212.51 0.12% AVAST PLC COMMON STOCK GBP 10 1,950,399.00 14,321,335.48 0.84% BAWAG GROUP AG COMMON STOCK EUR 56,516.00 2,628,723.31 0.15% BE SEMICONDUCTOR INDUSTRIES NV COMMON STOCK EUR 0.01 76,912.00 4,618,668.56 0.27% BERKELEY GROUP HOLDINGS PLC COMMON STOCK GBP 0 159,518.00 10,318,833.48 0.60% BETSSON AB COMMON STOCK SEK 0.67 612,149.00 5,463,435.63 0.32% BEZEQ THE ISRAELI 3,989,207.00 3,965,492.36 0.23% BHP GROUP LTD COMMON STOCK AUD 0 999,445.00 32,656,431.42 1.91% BNP PARIBAS SA COMMON STOCK EUR 2 227,275.00 11,998,344.53 0.70% BOC HONG KONG HOLDINGS LTD COMMON STOCK HKD 0 3,612,000.00 10,948,791.11 0.64% BPOST SA COMMON STOCK EUR 316,874.00 3,275,339.99 0.19% BRITISH AMERICAN TOBACCO PLC COMMON STOCK GBP 25 165,795.00 6,157,106.84 0.36% CAPCOM CO LTD COMMON STOCK JPY 138,400.00 8,975,611.50 0.53% CAPGEMINI SE COMMON STOCK EUR 8 54,093.00 8,414,295.11 0.49% CARLSBERG AS COMMON STOCK DKK 20 54,753.00 8,777,585.82 0.51% CHOW TAI FOOK JEWELLERY GROUP LTD COMMON STOCK HKD 1 1,788,600.00 2,248,840.84 0.13% CIE DE SAINT-GOBAIN COMMON STOCK EUR 4 194,132.00 8,928,596.07 0.52% S-593-779-364 Page 1 01-Jan-2021 01:01:06 JPMORGAN INTERNATIONAL ADVANTAGE FUND 12/31/2020 Blank Row Asset Name Shares Value (USD) % CMC MARKETS PLC COMMON STOCK GBP 25 286,511.00 1,531,952.84 0.09% COLES GROUP LTD COMMON STOCK AUD 548,070.00 7,657,320.20 0.45% COMPUTACENTER PLC COMMON STOCK GBP 7.5555 173,897.00 5,823,327.56 0.34% CSL LTD COMMON STOCK AUD 0 51,541.00 11,261,325.05 0.66% CSR LTD COMMON STOCK AUD 0 1,910,883.00 7,739,936.60 0.45% D'IETEREN SA/NV COMMON STOCK EUR 0 80,814.00 6,676,815.62 0.39% DAIKIN INDUSTRIES LTD COMMON STOCK JPY 27,900.00 6,206,833.53 0.36% DAIMLER AG COMMON STOCK EUR 0 210,268.00 14,903,648.21 0.87% DBS GROUP HOLDINGS LTD COMMON STOCK SGD 0 1,038,600.00 19,682,229.15 1.15% DENTSU GROUP INC COMMON STOCK JPY 210,400.00 6,261,896.79 0.37% DEUTSCHE POST AG COMMON STOCK EUR 0 242,262.00 12,000,635.29 0.70% DKSH HOLDING AG COMMON STOCK CHF 0.1 58,931.00 4,415,220.95 0.26% DNB ASA COMMON STOCK NOK 10 625,385.00 12,254,799.17 0.72% DUNELM GROUP PLC COMMON STOCK GBP 1 311,240.00 5,153,079.66 0.30% DWS GROUP GMBH & CO KGAA COMMON STOCK EUR 128,164.00 5,448,690.00 0.32% EAST JAPAN RAILWAY CO COMMON STOCK JPY 133,500.00 8,906,505.00 0.52% ENCAVIS AG COMMON STOCK EUR 0 273,787.00 7,144,523.28 0.42% ENDESA SA COMMON STOCK EUR 1.2 521,024.00 14,291,126.07 0.84% ENEL SPA COMMON STOCK EUR 1 1,289,962.00 13,125,022.35 0.77% EURONEXT NV COMMON STOCK EUR 1.6 64,056.00 7,055,753.43 0.41% FAST RETAILING CO LTD COMMON STOCK JPY 6,500.00 5,828,419.07 0.34% FERGUSON PLC COMMON STOCK GBP 10 142,779.00 17,347,700.53 1.02% FJORDKRAFT HOLDING ASA COMMON STOCK NOK 0.3 216,424.00 2,112,513.60 0.12% FORTESCUE METALS GROUP LTD COMMON STOCK AUD 0 574,671.00 10,379,938.11 0.61% FRESENIUS MEDICAL CARE 82,800.00 6,904,475.99 0.40% FUJITSU LTD COMMON STOCK JPY 82,400.00 11,909,721.45 0.70% GALENICA AG COMMON STOCK CHF 0.1 77,471.00 5,144,882.28 0.30% GLAXOSMITHKLINE PLC COMMON STOCK GBP 25 800,359.00 14,644,940.01 0.86% GVS SPA COMMON STOCK EUR 124,604.00 2,321,392.78 0.14% HITACHI LTD COMMON STOCK JPY 322,800.00 12,740,694.39 0.75% HITACHI TRANSPORT SYSTEM LTD COMMON STOCK JPY 64,400.00 1,918,899.22 0.11% IIDA GROUP HOLDINGS CO LTD COMMON STOCK JPY 298,000.00 6,025,020.84 0.35% S-593-779-364 Page 2 01-Jan-2021 01:01:06 JPMORGAN INTERNATIONAL ADVANTAGE FUND 12/31/2020 Blank Row Asset Name Shares Value (USD) % ING GROEP NV COMMON STOCK EUR 0.01 481,310.00 4,475,145.81 0.26% INTERNET INITIATIVE JAPAN INC COMMON STOCK JPY 187,000.00 3,684,564.51 0.22% INTESA SANPAOLO SPA COMMON STOCK EUR 0 1,528,870.00 3,613,819.51 0.21% ITOCHU CORP COMMON STOCK JPY 446,800.00 12,850,020.66 0.75% IWATANI CORP COMMON STOCK JPY 116,300.00 7,165,134.66 0.42% JB HI-FI LTD COMMON STOCK AUD 0 175,771.00 6,599,325.19 0.39% JERONIMO MARTINS SGPS SA COMMON STOCK EUR 1 90,290.00 1,517,749.81 0.09% JULIUS BAER GROUP LTD COMMON STOCK CHF 0.02 155,587.00 8,963,605.21 0.53% K'S HOLDINGS CORP COMMON STOCK JPY 206,000.00 2,870,359.76 0.17% KBC GROUP NV COMMON STOCK EUR 0 56,747.00 3,971,221.19 0.23% KDDI CORP COMMON STOCK JPY 286,200.00 8,485,904.82 0.50% KESKO OYJ COMMON STOCK EUR 0 110,116.00 2,826,305.92 0.17% KEYENCE CORP COMMON STOCK JPY 5,600.00 3,150,095.39 0.18% KINDEN CORP COMMON STOCK JPY 236,700.00 3,854,523.43 0.23% KINTETSU WORLD EXPRESS INC COMMON STOCK JPY 75,900.00 1,802,604.15 0.11% KONINKLIJKE AHOLD DELHAIZE NV COMMON STOCK EUR 0.01 340,534.00 9,606,918.81 0.56% KUBOTA CORP COMMON STOCK JPY 343,500.00 7,504,660.84 0.44% KUEHNE + NAGEL INTERNATIONAL AG COMMON STOCK CHF 1 57,305.00 13,003,569.49 0.76% KYUDENKO CORP COMMON STOCK JPY 84,200.00 2,719,167.97 0.16% L'OREAL SA COMMON STOCK EUR 0.2 9,421.00 3,594,603.12 0.21% LAFARGEHOLCIM LTD COMMON STOCK CHF 2 100,468.00 5,514,468.14 0.32% LEGAL & GENERAL GROUP PLC COMMON STOCK GBP 2.5 3,819,101.00 13,918,383.29 0.82% LVMH MOET HENNESSY LOUIS 31,119.00 19,480,538.47 1.14% MEITEC CORP COMMON STOCK JPY 47,700.00 2,480,591.87 0.15% MITSUBISHI UFJ FINANCIAL GROUP INC COMMON STOCK JPY 2,259,700.00 10,005,092.56 0.59% MITSUBISHI UFJ LEASE & 990,600.00 4,756,749.62 0.28% MS&AD INSURANCE GROUP HOLDINGS INC COMMON STOCK JPY 222,600.00 6,772,615.09 0.40% MUENCHENER 66,823.00 19,854,866.70 1.16% NATWEST GROUP PLC COMMON STOCK GBP 3,879,614.00 8,868,741.33 0.52% NEC CORP COMMON STOCK JPY 101,200.00 5,435,417.06 0.32% NESTE OYJ COMMON STOCK EUR 0 92,506.00 6,716,283.94 0.39% NESTLE SA COMMON STOCK CHF 0.1 398,508.00 47,108,154.20 2.76% S-593-779-364 Page 3 01-Jan-2021 01:01:06 JPMORGAN INTERNATIONAL ADVANTAGE FUND 12/31/2020 Blank Row Asset Name Shares Value (USD) % NEXON CO LTD COMMON STOCK JPY 222,100.00 6,852,874.77 0.40% NEXT PLC COMMON STOCK GBP 10 107,139.00 10,331,007.38 0.61% NIHON UNISYS LTD COMMON STOCK JPY 177,000.00 6,937,667.31 0.41% NINTENDO CO LTD COMMON STOCK JPY 24,100.00 15,470,788.12 0.91% NIPPO CORP COMMON STOCK JPY 97,000.00 2,657,731.20 0.16% NIPPON TELEGRAPH & TELEPHONE CORP COMMON STOCK JPY 415,500.00 10,661,315.79 0.62% NOMURA HOLDINGS INC COMMON STOCK JPY 1,989,900.00 10,520,743.84 0.62% NOMURA REAL ESTATE HOLDINGS INC COMMON STOCK JPY 389,400.00 8,634,409.38 0.51% NORWEGIAN FINANS HOLDING ASA COMMON STOCK NOK 1 525,711.00 4,495,880.96 0.26% NOVARTIS AG COMMON STOCK CHF 0.5 124,299.00 11,703,739.43 0.69% NOVO NORDISK A/S COMMON STOCK DKK 0.2 306,143.00 21,356,282.42 1.25% OBAYASHI CORP COMMON STOCK JPY 727,200.00 6,279,060.27 0.37% OKINAWA ELECTRIC POWER CO INC/THE COMMON STOCK JPY 52,135.00 701,100.63 0.04% ONO PHARMACEUTICAL CO LTD COMMON STOCK JPY 274,500.00 8,272,003.81 0.48% OPEN HOUSE CO LTD COMMON STOCK JPY 159,400.00 5,864,000.17 0.34% ORIX CORP COMMON STOCK JPY 638,400.00 9,821,220.76 0.58% OSAKA GAS CO LTD COMMON STOCK JPY 79,900.00 1,637,756.34 0.10% OTSUKA CORP COMMON STOCK JPY 99,100.00 5,227,233.52 0.31% PERSIMMON PLC COMMON STOCK GBP 10 92,748.00 3,500,568.51 0.21% PETS AT HOME GROUP PLC COMMON STOCK GBP 1 423,265.00 2,407,974.72 0.14% PEUGEOT SA COMMON STOCK EUR 1 673,641.00 18,448,095.04 1.08% POLYMETAL INTERNATIONAL PLC COMMON STOCK GBP 293,566.00 6,757,949.59 0.40% POSTNL NV COMMON STOCK EUR 0.08 1,784,481.00 6,082,822.10 0.36% PREMIER INVESTMENTS LTD COMMON STOCK AUD 0 121,402.00 2,202,445.34 0.13% PRYSMIAN SPA COMMON STOCK EUR 0.1 121,081.00 4,309,592.87 0.25% QANTAS AIRWAYS LTD COMMON STOCK AUD 0 1,182,461.00 4,433,932.80 0.26% RANDSTAD NV COMMON STOCK EUR 0.1 237,284.00 15,360,035.20 0.90% RIO TINTO PLC COMMON STOCK GBP 10 375,597.00 28,272,342.33 1.66% ROCHE HOLDING AG COMMON STOCK CHF 0 114,021.00 39,713,350.86 2.33% ROYAL DUTCH SHELL PLC COMMON STOCK GBP 0.07 631,074.00 10,695,890.44 0.63% RWE AG COMMON STOCK EUR 0 336,248.00 14,225,731.39 0.83% RYANAIR HOLDINGS PLC ADR USD 29,253.00 3,217,244.94 0.19% S-593-779-364 Page 4 01-Jan-2021 01:01:06 JPMORGAN INTERNATIONAL ADVANTAGE FUND 12/31/2020 Blank Row Asset Name Shares Value (USD) % SAFRAN SA COMMON STOCK EUR 0.2 45,628.00 6,467,033.39 0.38% SANOFI COMMON STOCK EUR 2 262,410.00 25,433,568.49 1.49% SAP SE COMMON STOCK EUR 0 46,950.00 6,080,907.14 0.36% SCANDINAVIAN TOBACCO GROUP A/S COMMON STOCK DKK 1 190,625.00 3,250,919.23 0.19% SCATEC SOLAR ASA COMMON STOCK NOK 0.025 277,082.00 11,034,626.35 0.65% SCHAEFFLER AG PREFERENCE EUR 848,368.00 7,083,853.97 0.42% SCHNEIDER ELECTRIC SE 163,509.00 23,631,534.76 1.38% SEKISUI HOUSE LTD COMMON STOCK JPY 470,100.00 9,576,784.10 0.56% SHIN-ETSU CHEMICAL CO LTD COMMON STOCK JPY 56,900.00 9,986,852.47