Reforma a la Ley de Compañía que permita sustituir compañías en desuso por otras con mayor eficacia,
REFORMA A LA LEY DE COMPAÑÍAS Art 1 Sustitúyase el Art 2 por el siguiente:
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Asset-Backed Securities — 1.9%
ABFC Trust,
100 Series 2005-HE2, Class M3, VAR, 0.951%,
06/25/35 92
251 Series 2006-OPT2, Class A2, VAR, 0.311%,
10/25/36 213
257 ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1, Class A2B, VAR, 0.261%,
07/25/36 94
478 Bear Stearns Asset-Backed Securities I Trust, Series 2005-HE1, Class M2, VAR, 1.413%,
01/25/35 446
100 Carrington Mortgage Loan Trust,
Series 2006-NC2, Class A3, VAR, 0.321%,
06/25/36 82
121 Citigroup Mortgage Loan Trust,
Series 2007-AMC1, Class A2A, VAR, 0.221%,
12/25/36 68
224 Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB8, Class A1, VAR,
0.308%, 10/25/36 175 CWABS Revolving Home Equity Loan Trust,
46 Series 2004-I, Class A, VAR, 0.463%,
02/15/34 41
51 Series 2004-K, Class 2A, VAR, 0.473%,
02/15/34 46
CWABS, Inc. Asset-Backed Certificates Trust, 564 Series 2003-5, Class MF1, VAR, 5.413%,
01/25/34 571
10 Series 2004-1, Class 3A, VAR, 0.731%,
04/25/34 9
583 Series 2004-1, Class M1, VAR, 0.921%,
03/25/34 556
72 Series 2004-1, Class M2, VAR, 0.996%,
03/25/34 66
98 Series 2005-4, Class AF3, VAR, 4.456%,
10/25/35 98
GSAMP Trust,
53 Series 2006-FM2, Class A2C, VAR, 0.321%,
09/25/36 24
44 Series 2006-FM2, Class A2D, VAR, 0.411%,
09/25/36 21
158 Series 2006-HE3, Class A2C, VAR, 0.331%,
05/25/46 142
350 Series 2007-HE1, Class A2C, VAR, 0.321%,
03/25/47 289
75 Home Equity Asset Trust, Series 2005-8,
Class M1, VAR, 0.601%, 02/25/36 65 Long Beach Mortgage Loan Trust,
1,097 Series 2004-1, Class M1, VAR, 0.921%,
02/25/34 1,043
79 Series 2004-1, Class M2, VAR, 0.996%,
02/25/34 75
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE
New Century Home Equity Loan Trust, 740 Series 2005-1, Class M1, VAR, 0.846%,
03/25/35 702
321 Series 2005-3, Class M1, VAR, 0.651%,
07/25/35 319
80 Series 2005-C, Class A2D, VAR, 0.511%,
12/25/35 68
96 Nomura Home Equity Loan, Inc. Home Equity Loan Trust, Series 2005-FM1, Class M2, VAR,
0.661%, 05/25/35 89
107 NovaStar Mortgage Funding Trust, Series 2006-
4, Class A2C, VAR, 0.321%, 09/25/36 62 118 Option One Mortgage Loan Trust, Series 2003-1,
Class A2, VAR, 1.011%, 02/25/33 110 733 Park Place Securities, Inc., Asset-Backed
Pass-Through Certificates, Series 2005-WHQ3,
Class M2, VAR, 0.621%, 06/25/35 729 1,516 RAMP Trust, Series 2005-EFC6, Class M1, VAR,
0.581%, 11/25/35 1,492 1,524 RASC Trust, Series 2006-KS1, Class A4, VAR,
0.471%, 02/25/36 1,507 67 Saxon Asset Securities Trust, Series 2006-2,
Class A3C, VAR, 0.321%, 09/25/36 62 174 Securitized Asset-Backed Receivables LLC Trust,
Series 2006-NC3, Class A1, VAR, 0.311%,
09/25/36 116
25 Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, VAR, 0.651%,
09/25/35 22
Total Asset-Backed Securities
(Cost $8,248) 9,494
Collateralized Mortgage Obligations — 2.7% Agency CMO — 0.8%
Federal Home Loan Mortgage Corp. REMIC,
93 Series 2980, Class QB, 6.500%, 05/15/35 104 47 Series 3218, Class AS, IF, IO, 6.408%,
09/15/36 9
88 Series 3850, Class LS, IF, IO, 1.730%,
05/15/39 6
76 Series 3919, Class LS, IF, IO, 6.278%,
09/15/41 16
184 Series 3962, Class KS, IF, IO, 1.906%,
06/15/38 16
322 Series 3989, Class SJ, IF, IO, 5.778%,
01/15/42 49
431 Series 3997, Class HS, IF, IO, 6.378%,
03/15/38 67
342 Series 4002, Class MI, IO, 4.000%, 01/15/39 52 156 Series 4013, Class SB, IF, IO, 6.278%,
JPMorgan Total Return Fund
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5 ( c o n t i n u e d )
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Collateralized Mortgage Obligations — continued
Agency CMO — continued
102 Series 4033, Class SC, IF, IO, 6.378%,
10/15/36 19
294 Series 4050, Class EI, IO, 4.000%, 02/15/39 46 212 Series 4057, Class BS, IF, IO, 5.878%,
09/15/39 34
177 Series 4057, Class CS, IF, IO, 5.878%,
04/15/39 29
2,752 Series 4057, Class SA, IF, IO, 5.878%,
04/15/39 432
203 Series 4068, Class TS, IF, IO, 5.828%,
06/15/42 43
239 Series 4073, Class AS, IF, IO, 5.878%,
08/15/38 37
461 Series 4083, Class MS, IF, IO, 5.878%,
05/15/39 76
908 Series 4084, Class GS, IF, IO, 5.878%,
04/15/39 131
361 Series 4086, Class TS, IF, IO, 5.928%,
04/15/37 55
336 Series 4093, Class SD, IF, IO, 6.528%,
01/15/38 74
387 Series 4097, Class TS, IF, IO, 5.928%,
05/15/39 72
239 Series 4099, Class BS, IF, IO, 5.878%,
06/15/39 44
87 Series 4102, Class SW, IF, IO, 5.928%,
05/15/39 17
82 Series 4113, Class JS, IF, IO, 5.878%,
07/15/39 14
112 Series 4116, Class MS, IF, IO, 6.028%,
11/15/39 23
667 Series 4122, Class SJ, IF, IO, 5.978%,
12/15/40 128
95 Series 4123, Class SA, IF, IO, 6.028%,
09/15/39 16
246 Series 4123, Class SB, IF, IO, 5.978%,
10/15/42 56
162 Series 4132, Class SE, IF, IO, 6.028%,
12/15/40 31
175 Series 4174, Class SA, IF, IO, 6.028%,
05/15/39 30
196 Series 4267, Class CI, IO, 4.000%, 05/15/39 27 1,331 Federal Home Loan Mortgage Corp. STRIPS,
Series 328, Class S4, IO, VAR, 1.885%,
02/15/38 99
Federal National Mortgage Association REMIC, 13 Series 2004-17, Class DS, IF, IO, 6.979%,
11/25/32 —(h)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Agency CMO — continued
354 Series 2006-3, Class SB, IF, IO, 6.529%,
07/25/35 55
101 Series 2006-125, Class SA, IF, IO, 6.549%,
01/25/37 16
64 Series 2007-37, Class SA, IF, IO, 5.949%,
05/25/37 8
135 Series 2007-91, Class AS, IF, IO, 6.229%,
10/25/37 16
366 Series 2008-17, Class KS, IF, IO, 6.179%,
11/25/37 53
117 Series 2012-14, Class LS, IF, IO, 6.329%,
03/25/42 21
1,112 Series 2012-73, Class LS, IF, IO, 5.879%,
06/25/39 173
691 Series 2012-74, Class AS, IF, IO, 5.879%,
03/25/39 106
101 Series 2012-76, Class DS, IF, IO, 6.379%,
05/25/39 17
171 Series 2012-84, Class QS, IF, IO, 6.479%,
09/25/31 36
356 Series 2012-87, Class NS, IF, IO, 5.879%,
02/25/39 63
286 Series 2012-94, Class KS, IF, IO, 6.479%,
05/25/38 62
250 Series 2012-94, Class SL, IF, IO, 6.529%,
05/25/38 55
197 Series 2012-98, Class SA, IF, IO, 5.879%,
05/25/39 33
135 Series 2012-104, Class QS, IF, IO, 5.929%,
03/25/39 24
111 Series 2012-107, Class QS, IF, IO, 5.929%,
10/25/40 23
86 Series 2012-110, Class MS, IF, IO, 5.829%,
10/25/42 18
263 Series 2012-114, Class DS, IF, IO, 5.929%,
08/25/39 42
243 Series 2012-114, Class HS, IF, IO, 5.979%,
03/25/40 42
943 Series 2012-115, Class DS, IF, IO, 5.929%,
10/25/42 206
281 Series 2012-120, Class ES, IF, IO, 6.029%,
11/25/39 55
307 Series 2012-120, Class SE, IF, IO, 6.029%,
02/25/39 56
225 Series 2012-124, Class DS, IF, IO, 5.979%,
04/25/40 40
351 Series 2012-124, Class LS, IF, IO, 6.029%,
AMOUNT SECURITY DESCRIPTION VALUE Collateralized Mortgage Obligations — continued
Agency CMO — continued
284 Series 2012-137, Class CS, IF, IO, 6.029%,
08/25/41 57
85 Series 2012-145, Class IM, IO, 4.500%,
01/25/43 10
175 Series 2013-9, Class SG, IF, IO, 6.029%,
03/25/39 37
104 Series 2013-110, Class QI, IO, 3.500%,
02/25/37 11
687 Series 2014-61, Class SA, IO, VAR, 1.761%,
10/25/44 48
Federal National Mortgage Association STRIPS,
78 Series 366, Class 18, IO, 4.000%, 11/25/20 5 321 Series 390, Class C7, IO, 4.000%, 07/25/23 15 487 Series 390, Class C8, IO, 4.500%, 07/25/23 28
30 Federal National Mortgage Association Trust, Series 2003-W3, Class 2A5, 5.356%,
06/25/42 33
Government National Mortgage Association, 79 Series 2012-93, Class MS, IF, IO, 6.477%,
07/20/42 18
93 Series 2013-69, Class SM, IF, IO, 6.027%,
05/20/43 15
102 Series 2013-165, Class ST, IF, IO, 5.977%,
11/20/43 19
71 Series 2014-2, Class NS, IF, IO, 5.977%,
01/20/44 12
122 Series 2014-68, Class SK, IF, IO, 6.027%,
05/20/44 21
376 Series 2014-90, Class SA, IO, 1.092%,
10/20/38 16
232 Series 2014-98, Class SM, IF, IO, 6.027%,
07/20/44 40
924 Series 2014-119, Class SA, IF, IO, 5.427%,
08/20/44 150
242 Series 2014-129, Class SK, IF, IO, 6.027%,
09/20/44 41
278 Series 2014-183, Class SG, IF, IO, 6.027%,
12/20/44 47
3,805
Non-Agency CMO — 1.9%
1,369 Alternative Loan Trust, Series 2005-J3,
Class 3A1, 6.500%, 09/25/34 1,376 500 Banc of America Alternative Loan Trust,
Series 2004-7, Class 3A1, 6.000%,
08/25/34 517
AMOUNT SECURITY DESCRIPTION VALUE Non-Agency CMO — continued
Banc of America Funding Trust,
146 Series 2014-R7, Class 1A1, VAR, 0.318%,
05/26/36 132
177 Series 2015-R1, Class A1, VAR, 0.358%,
05/26/37 163
Banc of America Mortgage Trust,
357 Series 2005-A, Class 3A1, VAR, 2.621%,
02/25/35 348
373 Series 2007-3, Class 1A1, 6.000%,
09/25/37 341
652 Chase Mortgage Finance Trust, Series 2006-S2,
Class 1A9, 6.250%, 10/25/36 576 47 CHL Mortgage Pass-Through Trust, Series 2007-
5, Class A6, VAR, 0.521%, 05/25/37 37 Citigroup Mortgage Loan Trust,
127 Series 2014-10, Class 4A1, VAR, 0.337%,
02/25/37 (e) 115
96 Series 2014-10, Class 5A1, VAR, 0.318%,
06/25/36 (e) 87
Credit Suisse First Boston Mortgage Securities Corp.,
84 Series 2003-29, Class 7A1, 6.500%,
12/25/33 87
290 Series 2004-5, Class 4A1, 6.000%,
09/25/34 297
CSMC Trust,
59 Series 2011-12R, Class 3A1, VAR, 2.110%,
07/27/36 (e) 58
65 Series 2014-10R, Class 4A1, VAR, 0.341%,
12/27/36 (e) 62
57 Series 2014-11R, Class 8A1, VAR, 0.510%,
04/27/37 (e) 55
227 Series 2014-11R, Class 9A1, VAR, 0.310%,
10/27/36 (e) 213
17 Deutsche Alt-A Securities, Inc., Mortgage Loan Trust, Series 2005-1, Class 1A1, VAR,
0.671%, 02/25/35 16
96 GSMSC Resecuritization Trust, Series 2014-1R,
Class 1A, VAR, 0.338%, 04/26/37 89 308 GSR Mortgage Loan Trust, Series 2006-3F,
Class 2A7, 5.750%, 03/25/36 297 HarborView Mortgage Loan Trust,
16 Series 2004-9, Class 2A, VAR, 2.378%,
12/19/34 14
104 Series 2006-9, Class 2A1A, VAR, 0.384%,
11/19/36 76
436 JP Morgan Mortgage Trust, Series 2005-S2,
JPMorgan Total Return Fund
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5 ( c o n t i n u e d )
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Collateralized Mortgage Obligations — continued
Non-Agency CMO — continued
20 Lehman XS Trust, Series 2006-18N, Class A2A,
VAR, 0.321%, 12/25/36 19 LSTAR Securities Investment Trust,
217 Series 2015-1, Class A, VAR, 2.171%,
01/01/20 217
232 Series 2015-2, Class A, VAR, 2.171%,
01/01/20 (e) 229
252 MASTR Alternative Loan Trust, Series 2005-5,
Class 3A1, 5.750%, 08/25/35 221 3 Prime Mortgage Trust, Series 2006-1, Class 2A5,
6.000%, 06/25/36 3
1,393 RALI Trust, Series 2006-QS11, Class 1A1,
6.500%, 08/25/36 1,166 162 RESI Finance LP, (Cayman Islands), Series 2003-
D, Class B3, VAR, 1.472%, 12/10/35 (e) 136 Residential Asset Securitization Trust,
360 Series 2005-A15, Class 1A7, 6.000%,
02/25/36 344
122 Series 2006-R1, Class A2, VAR, 0.571%,
01/25/46 64
335 RFMSI Trust, Series 2006-S9, Class A1, 6.250%,
09/25/36 302
174 Sequoia Mortgage Trust, Series 2013-4,
Class A1, VAR, 2.325%, 04/25/43 165 Springleaf Mortgage Loan Trust,
253 Series 2012-3A, Class M3, VAR, 4.440%,
12/25/59 (e) 259
182 Series 2012-3A, Class M4, VAR, 5.300%,
12/25/59 (e) 187
40 Washington Mutual Mortgage Pass-Through Certificates WMALT Trust, Series 2005-7,
Class 1A2, VAR, 0.621%, 09/25/35 31 Wells Fargo Mortgage-Backed Securities Trust,
94 Series 2005-16, Class A8, 5.750%,
01/25/36 98
555 Series 2007-8, Class 2A8, 6.000%,
07/25/37 545
9,379 Total Collateralized Mortgage Obligations
(Cost $12,623) 13,184
Commercial Mortgage-Backed Securities — 1.6%
BAMLL Commercial Mortgage Securities Trust, 100 Series 2013-DSNY, Class F, VAR, 3.656%,
09/15/26 (e) 101
200 Series 2014-FL1, Class D, VAR, 4.172%,
12/15/31 (e) 197
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE
330 Series 2014-FL1, Class E, VAR, 5.672%,
12/15/31 (e) 306
460 Series 2014-INLD, Class E, VAR, 3.512%,
12/15/29 (e) 449
150 Series 2015-ASHF, Class D, VAR, 3.174%,
01/15/28 (e) 150
160 Series 2015-ASHF, Class E, VAR, 4.174%,
01/15/28 (e) 160
Bear Stearns Commercial Mortgage Securities Trust,
1,930 Series 2005-PWR9, Class A4A, 4.871%,
09/11/42 1,944
1,313 Series 2005-T20, Class A4A, VAR, 5.140%,
10/12/42 1,328
CG-CCRE Commercial Mortgage Trust, 100 Series 2014-FL2, Class COL1, VAR, 3.656%,
11/15/31 (e) 100
143 Series 2014-FL2, Class COL2, VAR, 4.656%,
11/15/31 (e) 142
Commercial Mortgage Trust,
130 Series 2014-FL5, Class KH1, VAR, 3.822%,
08/15/31 (e) 121
100 Series 2014-FL5, Class KH2, VAR, 4.672%,
08/15/31 (e) 93
1,168 LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A4, 5.156%, 02/15/31 1,191 1,440 Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4, VAR, 5.685%, 05/12/39 1,491 Total Commercial Mortgage-Backed Securities
(Cost $7,469) 7,773
Convertible Bond — 0.0%(g)
Telecommunication Services — 0.0%(g)
Diversified Telecommunication Services — 0.0%(g)
39 Clearwire Communications LLC/Clearwire Finance, Inc., 8.250%, 12/01/40
(Cost $43) (e) 43
Corporate Bonds — 50.9%
Consumer Discretionary — 7.9% Auto Components — 0.2%
500 Dana Holding Corp., 6.000%, 09/15/23 531 500 Goodyear Tire & Rubber Co. (The), 8.750%,
08/15/20 604
35 Icahn Enterprises LP/Icahn Enterprises Finance
Corp., 4.875%, 03/15/19 36 1,171
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Automobiles — 0.5%
750 Daimler Finance North America LLC, 2.250%,
03/02/20 (e) 753
500 FCA U.S. LLC/CG Co-Issuer, Inc., 8.250%,
06/15/21 558
750 Nissan Motor Acceptance Corp., 2.125%,
03/03/20 (e) 748
500 Volkswagen Group of America Finance LLC,
2.125%, 05/23/19 (e) 501 2,560
Diversified Consumer Services — 0.1%
310 Service Corp. International, 7.500%, 04/01/27 361 20 ServiceMaster Co. LLC (The), 8.000%, 02/15/20 21 382
Hotels, Restaurants & Leisure — 1.0%
500 1011778 B.C. ULC/New Red Finance, Inc.,
(Canada), 6.000%, 04/01/22 (e) 520 Caesars Entertainment Operating Co., Inc.,
375 8.500%, 02/15/20 (d) 279 335 11.250%, 06/01/17 (d) 243 500 Cleopatra Finance Ltd., (United Kingdom),
6.250%, 02/15/22 (e) 501 405 Darden Restaurants, Inc., 7.050%, 10/15/37 485 250 Marina District Finance Co., Inc., 9.875%,
08/15/18 264 500 McDonald’s Corp., 3.250%, 06/10/24 520 MGM Resorts International, 450 6.000%, 03/15/23 468 50 6.625%, 07/15/15 51 260 6.750%, 10/01/20 284 115 7.625%, 01/15/17 124 250 7.750%, 03/15/22 286
240 Sabre GLBL, Inc., 8.500%, 05/15/19 (e) 258 500 Wynn Las Vegas LLC/Wynn Las Vegas Capital
Corp., 5.500%, 03/01/25 (e) 503 4,786
Household Durables — 0.3%
500 Newell Rubbermaid, Inc., 2.875%, 12/01/19 507 1,000 Whirlpool Corp., 1.650%, 11/01/17 1,006 1,513
Internet & Catalog Retail — 0.4%
15 Acosta, Inc., 7.750%, 10/01/22 (e) 15 Amazon.com, Inc.,
500 2.500%, 11/29/22 488
AMOUNT SECURITY DESCRIPTION VALUE Internet & Catalog Retail — continued
400 4.950%, 12/05/44 430 500 Expedia, Inc., 4.500%, 08/15/24 504 500 QVC, Inc., 4.450%, 02/15/25 505 1,942 Leisure Products — 0.2% 500 Hasbro, Inc., 3.150%, 05/15/21 507 500 Mattel, Inc., 3.150%, 03/15/23 495 1,002 Media — 3.8%
525 21st Century Fox America, Inc., 6.400%,
12/15/35 696
400 Altice S.A., (Luxembourg), 7.625%,
02/15/25 (e) 413
500 AMC Entertainment, Inc., 9.750%, 12/01/20 550 50 AMC Networks, Inc., 7.750%, 07/15/21 55
CBS Corp., 500 3.700%, 08/15/24 513 350 4.600%, 01/15/45 354 CCOH Safari LLC, 500 5.500%, 12/01/22 517 47 5.750%, 12/01/24 49
250 Cinemark USA, Inc., 7.375%, 06/15/21 268 Clear Channel Worldwide Holdings, Inc.,
1,200 Series B, 6.500%, 11/15/22 1,266 750 Series B, 7.625%, 03/15/20 793 Comcast Corp., 500 3.375%, 02/15/25 523 250 4.500%, 01/15/43 276 975 6.500%, 01/15/17 1,074 500 Cox Communications, Inc., 3.850%,
02/01/25 (e) 515
20 CSC Holdings LLC, 7.875%, 02/15/18 23 DIRECTV Holdings LLC/DIRECTV Financing Co.,
Inc., 500 3.950%, 01/15/25 514 300 6.000%, 08/15/40 338 500 Discovery Communications LLC, 3.450%, 03/15/25 499 DISH DBS Corp., 675 5.000%, 03/15/23 650 970 5.875%, 11/15/24 965 60 6.750%, 06/01/21 64 60 7.875%, 09/01/19 68
JPMorgan Total Return Fund
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5 ( c o n t i n u e d )
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Media — continued
64 Harron Communications LP/Harron Finance
Corp., 9.125%, 04/01/20 (e) 70 20 MPL 2 Acquisition Canco, Inc., (Canada),
9.875%, 08/15/18 (e) 21 1,065 NBCUniversal Media LLC, 4.375%, 04/01/21 1,182
Nexstar Broadcasting, Inc.,
150 6.125%, 02/15/22 (e) 153
400 6.875%, 11/15/20 424
675 Numericable-SFR SAS, (France), 6.000%,
05/15/22 (e) 687
40 Regal Entertainment Group, 5.750%, 06/15/23 41 250 Scripps Networks Interactive, Inc., 2.750%,
11/15/19 254
Sinclair Television Group, Inc.,
250 5.375%, 04/01/21 255
400 6.375%, 11/01/21 424
Sirius XM Radio, Inc.,
500 4.625%, 05/15/23 (e) 490 400 5.875%, 10/01/20 (e) 422 485 6.000%, 07/15/24 (e) 515 500 Thomson Reuters Corp., (Canada), 3.850%,
09/29/24 515
330 Time Warner, Inc., 5.350%, 12/15/43 386 80 Univision Communications, Inc., 5.125%,
02/15/25 (e) 81 1,250 Viacom, Inc., 4.250%, 09/01/23 1,304 300 Videotron Ltd., (Canada), 5.375%, 06/15/24 (e) 316 18,523 Multiline Retail — 0.2%
250 Neiman Marcus Group Ltd. LLC, 8.750% (cash),
10/15/21 (e) (v) 263 105 Sears Holdings Corp., 6.625%, 10/15/18 98 500 Target Corp., 2.300%, 06/26/19 512 873
Specialty Retail — 1.0%
60 Academy Ltd./Academy Finance Corp., 9.250%,
08/01/19 (e) 63
550 Claire’s Stores, Inc., 9.000%, 03/15/19 (e) 516 500 Home Depot, Inc. (The), 2.000%, 06/15/19 508 300 L Brands, Inc., 6.625%, 04/01/21 344 500 Michaels Stores, Inc., 5.875%, 12/15/20 (e) 515 450 Party City Holdings, Inc., 8.875%, 08/01/20 492 250 Petco Animal Supplies, Inc., 9.250%,
12/01/18 (e) 262
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Specialty Retail — continued
1,200 Serta Simmons Holdings LLC, 8.125%,
10/01/20 (e) 1,278
500 Tiffany & Co., 3.800%, 10/01/24 (e) 507 500 TJX Cos., Inc. (The), 2.750%, 06/15/21 509 4,994
Textiles, Apparel & Luxury Goods — 0.2%
500 Coach, Inc., 4.250%, 04/01/25 501 415 Hanesbrands, Inc., 6.375%, 12/15/20 442 943 Total Consumer Discretionary 38,689
Consumer Staples — 3.3% Beverages — 0.5%
Anheuser-Busch InBev Worldwide, Inc.,
500 2.500%, 07/15/22 492
700 6.875%, 11/15/19 845
100 Constellation Brands, Inc., 7.250%, 09/01/16 108 30 Cott Beverages, Inc., 6.750%, 01/01/20 (e) 30
PepsiCo, Inc.,
250 Series FXD, 2.250%, 01/07/19 256
500 3.600%, 03/01/24 534
2,265
Food & Staples Retailing — 0.9%
CVS Pass-Through Trust,
645 6.036%, 12/10/28 759
977 7.507%, 01/10/32 (e) 1,264 405 Delhaize Group S.A., (Belgium), 5.700%,
10/01/40 440
750 Kroger Co. (The), 2.950%, 11/01/21 760 500 Walgreens Boots Alliance, Inc., 3.800%, 11/18/24 520 740 Wal-Mart Stores, Inc., 5.250%, 09/01/35 913 4,656
Food Products — 0.9%
792 Big Heart Pet Brands, 7.625%, 02/15/19 808 287 Bumble Bee Holdings, Inc., 9.000%,
12/15/17 (e) 301
91 Chiquita Brands International, Inc./Chiquita
Brands LLC, 7.875%, 02/01/21 100 750 General Mills, Inc., 2.200%, 10/21/19 753 495 Grupo Bimbo S.A.B. de C.V., (Mexico), 4.875%,
06/30/20 (e) 548
500 H.J. Heinz Co., 4.250%, 10/15/20 507 Post Holdings, Inc.,
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Food Products — continued
1,030 7.375%, 02/15/22 1,074 250 Tyson Foods, Inc., 3.950%, 08/15/24 266 4,679
Household Products — 0.6%
356 Central Garden & Pet Co., 8.250%, 03/01/18 364 750 Kimberly-Clark Corp., 1.850%, 03/01/20 749 500 Kimberly-Clark de Mexico S.A.B. de C.V.,
(Mexico), 3.800%, 04/08/24 (e) 523 500 SC Johnson & Son, Inc., 4.350%, 09/30/44 (e) 535
Spectrum Brands, Inc.,
100 6.375%, 11/15/20 108
425 6.750%, 03/15/20 447
2,726
Tobacco — 0.4%
Altria Group, Inc.,
500 2.625%, 01/14/20 508
178 9.700%, 11/10/18 229
Philip Morris International, Inc.,
400 4.250%, 11/10/44 422
725 5.650%, 05/16/18 820
1,979 Total Consumer Staples 16,305
Energy — 4.8%
Energy Equipment & Services — 0.1%
250 Halliburton Co., 3.500%, 08/01/23 261 48 SESI LLC, 7.125%, 12/15/21 48 95 Western Refining Logistics LP/WNRL Finance
Corp., 7.500%, 02/15/23 (e) 98 407
Oil, Gas & Consumable Fuels — 4.7%
500 Anadarko Petroleum Corp., 3.450%, 07/15/24 507 70 Atlas Energy Holdings Operating Co. LLC/Atlas
Resource Finance Corp., 7.750%, 01/15/21 53 71 Baytex Energy Corp., (Canada), 5.125%,
06/01/21 (e) 68
Berry Petroleum Co. LLC,
85 6.375%, 09/15/22 68
42 6.750%, 11/01/20 35
Bonanza Creek Energy, Inc.,
76 5.750%, 02/01/23 71
119 6.750%, 04/15/21 116
BP Capital Markets plc, (United Kingdom),
1,000 1.674%, 02/13/18 1,004
AMOUNT SECURITY DESCRIPTION VALUE Oil, Gas & Consumable Fuels — continued
750 2.521%, 01/15/20 761
300 2.750%, 05/10/23 295
500 3.814%, 02/10/24 524
BreitBurn Energy Partners LP/BreitBurn Finance Corp.,
346 7.875%, 04/15/22 273
63 8.625%, 10/15/20 52
500 Canadian Natural Resources Ltd., (Canada),
1.750%, 01/15/18 495 89 Carrizo Oil & Gas, Inc., 7.500%, 09/15/20 91
Chaparral Energy, Inc.,
152 7.625%, 11/15/22 112
22 8.250%, 09/01/21 17
16 9.875%, 10/01/20 13
500 Chevron Corp., 2.411%, 03/03/22 499 39 Citgo Holding, Inc., 10.750%, 02/15/20 (e) 40
Comstock Resources, Inc.,
79 7.750%, 04/01/19 49
58 9.500%, 06/15/20 36
27 Concho Resources, Inc., 5.500%, 04/01/23 28 475 ConocoPhillips, 6.500%, 02/01/39 647 500 ConocoPhillips Co., 2.875%, 11/15/21 508
CrownRock LP/CrownRock Finance, Inc.,
37 7.125%, 04/15/21 (e) 37 93 7.750%, 02/15/23 (e) 96 850 DCP Midstream LLC, 9.750%, 03/15/19 (e) 942 300 Denbury Resources, Inc., 4.625%, 07/15/23 269 500 Devon Energy Corp., 3.250%, 05/15/22 513 58 Diamondback Energy, Inc., 7.625%, 10/01/21 61 136 Endeavor Energy Resources LP/EER Finance, Inc.,
7.000%, 08/15/21 (e) 132 385 Enterprise Products Operating LLC, 7.550%,
04/15/38 546
EP Energy LLC/Everest Acquisition Finance, Inc.,
25 6.875%, 05/01/19 26
57 7.750%, 09/01/22 59
1,080 9.375%, 05/01/20 1,153 EXCO Resources, Inc.,
87 7.500%, 09/15/18 66
47 8.500%, 04/15/22 34
Halcon Resources Corp.,
158 8.875%, 05/15/21 120
6 9.750%, 07/15/20 5
23 Hilcorp Energy I LP/Hilcorp Finance Co., 7.625%,
JPMorgan Total Return Fund
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5 ( c o n t i n u e d )
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Oil, Gas & Consumable Fuels — continued
122 Jones Energy Holdings LLC/Jones Energy Finance
Corp., 6.750%, 04/01/22 (e) 116 350 Kinder Morgan Energy Partners LP, 2.650%,
02/01/19 351
15 Kinder Morgan Finance Co. LLC, 6.000%,
01/15/18 (e) 16
Kinder Morgan, Inc.,
15 2.000%, 12/01/17 15
10 3.050%, 12/01/19 10
500 4.300%, 06/01/25 522
300 5.050%, 02/15/46 303
52 7.000%, 06/15/17 58
Laredo Petroleum, Inc.,
28 5.625%, 01/15/22 27
126 7.375%, 05/01/22 130
79 9.500%, 02/15/19 82
Legacy Reserves LP/Legacy Reserves Finance Corp.,
90 6.625%, 12/01/21 72
92 8.000%, 12/01/20 80
Linn Energy LLC/Linn Energy Finance Corp.,
32 6.250%, 11/01/19 27
13 6.500%, 05/15/19 12
500 7.750%, 02/01/21 436
14 8.625%, 04/15/20 13
1,000 Marathon Petroleum Corp., 3.625%, 09/15/24 1,020 32 MarkWest Energy Partners LP/MarkWest Energy
Finance Corp., 4.875%, 12/01/24 33 31 Martin Midstream Partners LP/Martin Midstream
Finance Corp., 7.250%, 02/15/21 30 MEG Energy Corp., (Canada),
370 6.375%, 01/30/23 (e) 351 31 6.500%, 03/15/21 (e) 30 624 7.000%, 03/31/24 (e) 608
Memorial Production Partners LP/Memorial Production Finance Corp.,
50 6.875%, 08/01/22 (e) 46
105 7.625%, 05/01/21 101
Newfield Exploration Co.,
79 5.625%, 07/01/24 82
56 6.875%, 02/01/20 58
5 NGL Energy Partners LP/NGL Energy Finance
Corp., 5.125%, 07/15/19 5 53 Northern Oil and Gas, Inc., 8.000%, 06/01/20 49
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Oil, Gas & Consumable Fuels — continued
Oasis Petroleum, Inc.,
62 6.500%, 11/01/21 59
6 6.875%, 01/15/23 6
83 7.250%, 02/01/19 83
95 Parsley Energy LLC/Parsley Finance Corp.,
7.500%, 02/15/22 (e) 97 250 Peabody Energy Corp., 6.250%, 11/15/21 208
Penn Virginia Corp.,
8 7.250%, 04/15/19 8
29 8.500%, 05/01/20 28
137 PetroBakken Energy Ltd., (Canada), 8.625%,
02/01/20 (e) 96
250 Phillips 66, 4.650%, 11/15/34 269 500 Phillips 66 Partners LP, 3.605%, 02/15/25 504 1,595 Plains All American Pipeline LP/PAA Finance
Corp., 3.950%, 09/15/15 1,617 500 Reliance Industries Ltd., (India), 4.125%,
01/28/25 (e) 501
Rex Energy Corp.,
14 6.250%, 08/01/22 (e) 10
76 8.875%, 12/01/20 64
68 Rice Energy, Inc., 6.250%, 05/01/22 66 39 Rosetta Resources, Inc., 5.875%, 06/01/22 37 22 RSP Permian, Inc., 6.625%, 10/01/22 (e) 22 234 Samson Investment Co., 9.750%, 02/15/20 80 68 Sanchez Energy Corp., 6.125%, 01/15/23 (e) 62 250 SandRidge Energy, Inc., 7.500%, 03/15/21 184 139 Seven Generations Energy Ltd., (Canada),
8.250%, 05/15/20 (e) 144 SM Energy Co.,
40 5.000%, 01/15/24 39
30 6.500%, 11/15/21 31
29 6.500%, 01/01/23 30
500 Sunoco Logistics Partners Operations LP,
4.250%, 04/01/24 523 350 Tesoro Logistics LP/Tesoro Logistics Finance
Corp., 6.125%, 10/15/21 371 500 Total Capital International S.A., (France),
3.750%, 04/10/24 535 345 TransCanada PipeLines Ltd., (Canada), 6.100%,
06/01/40 422
Ultra Petroleum Corp., (Canada),
154 5.750%, 12/15/18 (e) 150 36 6.125%, 10/01/24 (e) 34 500 Western Gas Partners LP, 2.600%, 08/15/18 505
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Oil, Gas & Consumable Fuels — continued
Williams Cos., Inc. (The),
500 5.750%, 06/24/44 476 20 7.875%, 09/01/21 23 500 Williams Partners LP, 4.000%, 09/15/25 502 22,914 Total Energy 23,321 Financials — 14.3% Banks — 4.4%
Bank of America Corp.,
500 3.300%, 01/11/23 508 1,000 4.000%, 04/01/24 1,056 750 4.000%, 01/22/25 758 750 4.200%, 08/26/24 777 690 6.500%, 08/01/16 740 740 Series L, 5.650%, 05/01/18 822 Bank of Tokyo-Mitsubishi UFJ Ltd. (The), (Japan),
1,500 1.700%, 03/05/18 (e) 1,499 500 2.350%, 09/08/19 (e) 502 1,500 Barclays plc, (United Kingdom), 2.750%,
11/08/19 1,522
700 Capital One Bank USA N.A., 8.800%, 07/15/19 870 CIT Group, Inc.,
25 5.000%, 05/15/17 26 250 5.250%, 03/15/18 264 Citigroup, Inc., 2,000 1.800%, 02/05/18 1,998 500 2.400%, 02/18/20 498 1,500 3.750%, 06/16/24 1,559 935 5.375%, 08/09/20 1,066 12 6.000%, 08/15/17 13 320 6.625%, 06/15/32 403 43 8.500%, 05/22/19 53
400 HSBC Holdings plc, (United Kingdom), 4.250%,
03/14/24 422
1,000 Macquarie Bank Ltd., (Australia), 2.400%,
01/21/20 (e) 999
1,000 Mizuho Bank Ltd., (Japan), 2.450%,
04/16/19 (e) 1,008
500 MUFG Americas Holdings Corp., 2.250%,
02/10/20 499
750 Royal Bank of Canada, (Canada), 2.150%,
03/06/20 749
Wells Fargo & Co.,
500 3.000%, 02/19/25 499
AMOUNT SECURITY DESCRIPTION VALUE Banks — continued
1,500 Series N, 2.150%, 01/30/20 1,498 825 Westpac Banking Corp., (Australia), 1.125%,
09/25/15 828
21,436
Capital Markets — 3.7%
Bank of New York Mellon Corp. (The),
500 Series G, 2.200%, 05/15/19 506 500 Series G, 3.000%, 02/24/25 505 850 BlackRock, Inc., 3.500%, 03/18/24 890
Credit Suisse, (Switzerland),
1,000 3.625%, 09/09/24 1,040
750 4.375%, 08/05/20 825
300 Credit Suisse USA, Inc., 7.125%, 07/15/32 421 3,300 Deutsche Bank AG, (Germany), 1.875%,
02/13/18 3,304
Goldman Sachs Group, Inc. (The),
80 3.700%, 08/01/15 81
1,500 3.850%, 07/08/24 1,567
890 5.950%, 01/18/18 992
1,530 6.150%, 04/01/18 1,720 400 Lazard Group LLC, 3.750%, 02/13/25 396
Lehman Brothers Holdings, Inc.,
1,350 0.000%, 12/30/16 (d) 198 850 0.000%, 05/25/49 (d) 124
Macquarie Bank Ltd., (Australia),
1,000 1.600%, 10/27/17 (e) 997 500 2.600%, 06/24/19 (e) 507 Morgan Stanley, 500 2.375%, 07/23/19 503 885 3.450%, 11/02/15 901 1,000 3.700%, 10/23/24 1,032 395 5.500%, 01/26/20 449 560 6.625%, 04/01/18 637
550 UBS AG, (Switzerland), 5.750%, 04/25/18 616 18,211
Consumer Finance — 3.1%
Ally Financial, Inc.,
90 3.250%, 09/29/17 90 40 3.250%, 02/13/18 40 50 3.750%, 11/18/19 50 16 4.125%, 02/13/22 16 40 4.750%, 09/10/18 42 15 5.500%, 02/15/17 16 377 6.250%, 12/01/17 407
JPMorgan Total Return Fund
S C H E D U L E O F P O R T F O L I O I N V E S T M E N T S
A S O F F E B R U A R Y 2 8 , 2 0 1 5 ( c o n t i n u e d )
(Amounts in U.S. Dollars, unless otherwise noted) (Amounts in thousands)
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Consumer Finance — continued
1,000 American Express Credit Corp., 2.250%,
08/15/19 1,009
825 American Honda Finance Corp., 1.600%,
02/16/18 (e) 830
750 Capital One Financial Corp., 3.200%, 02/05/25 739 Caterpillar Financial Services Corp.,
500 2.000%, 03/05/20 500
500 2.850%, 06/01/22 509
1,000 Discover Financial Services, 3.950%, 11/06/24 1,019 Ford Motor Credit Co. LLC,
1,000 2.597%, 11/04/19 1,014
750 3.219%, 01/09/22 769
500 4.375%, 08/06/23 546
1,250 General Motors Financial Co., Inc., 3.150%,
01/15/20 1,263
750 Harley-Davidson Financial Services, Inc.,
2.150%, 02/26/20 (e) 751 719 HSBC Finance Corp., 6.676%, 01/15/21 860
HSBC USA, Inc.,
1,500 2.350%, 03/05/20 1,499
500 2.375%, 11/13/19 503
500 John Deere Capital Corp., 3.350%, 06/12/24 526 70 Navient Corp., 5.875%, 10/25/24 68 100 Springleaf Finance Corp., 6.500%, 09/15/17 106
Synchrony Financial,
1,000 2.700%, 02/03/20 1,000
500 4.250%, 08/15/24 524
500 Toyota Motor Credit Corp., 2.750%, 05/17/21 514 15,210
Diversified Financial Services — 1.2%
627 Argos Merger Sub, Inc., 7.125%, 03/15/23 (e) 649 400 Berkshire Hathaway, Inc., 3.750%, 08/15/21 437
35 Covenant Surgical Partners, Inc., 8.750%,
08/01/19 (e) 35
General Electric Capital Corp.,
1,500 2.200%, 01/09/20 1,510
645 5.875%, 01/14/38 838
500 Moody’s Corp., 2.750%, 07/15/19 508 1,000 Nationwide Building Society, (United Kingdom),
2.350%, 01/21/20 (e) 1,005 635 Shell International Finance B.V., (Netherlands),
3.100%, 06/28/15 641 5,623
PRINCIPAL
AMOUNT SECURITY DESCRIPTION VALUE Insurance — 1.3%
400 Aflac, Inc., 3.625%, 06/15/23 422 American International Group, Inc.,
500 3.875%, 01/15/35 504
500 4.125%, 02/15/24 545
250 4.500%, 07/16/44 267
275 Aon plc, (United Kingdom), 4.250%, 12/12/42 273 Lincoln National Corp.,
250 4.000%, 09/01/23 266
300 7.000%, 06/15/40 420
MetLife, Inc.,
500 3.600%, 04/10/24 529
875 6.750%, 06/01/16 938
Prudential Financial, Inc.,
500 3.500%, 05/15/24 518
305 6.200%, 11/15/40 390
1,000 TIAA Asset Management Finance Co. LLC,
4.125%, 11/01/24 (e) 1,056 6,128
Real Estate Investment Trusts (REITs) — 0.5%
500 American Tower Corp., 3.450%, 09/15/21 501 525 Corrections Corp. of America, 4.625%, 05/01/23 525
Geo Group, Inc. (The),
400 5.125%, 04/01/23 408
215 5.875%, 01/15/22 227
165 6.625%, 02/15/21 174
625 Health Care REIT, Inc., 4.700%, 09/15/17 672 27 iStar Financial, Inc., 3.875%, 07/01/16 27 2,534
Real Estate Management & Development — 0.1%
725 Realogy Group LLC/Realogy Co.-Issuer Corp.,
5.250%, 12/01/21 (e) 725 Total Financials 69,867
Health Care — 4.1% Biotechnology — 0.2%
400 Celgene Corp., 2.250%, 05/15/19 402 500 Gilead Sciences, Inc., 3.500%, 02/01/25 524 926
Health Care Equipment & Supplies — 0.7%
Biomet, Inc.,
250 6.500%, 08/01/20 267
20 6.500%, 10/01/20 21
AMOUNT SECURITY DESCRIPTION VALUE Corporate Bonds — continued
Health Care Equipment & Supplies — continued
DJO Finance LLC/DJO Finance Corp.,
50 7.750%, 04/15/18 51
150 8.750%, 03/15/18 156
250 9.875%, 04/15/18 259
700 Hologic, Inc., 6.250%, 08/01/20 733 350 Kinetic Concepts, Inc./KCI USA, Inc., 10.500%,
11/01/18 383
Medtronic, Inc.,
500 2.500%, 03/15/20 (e) 509
750 2.750%, 04/01/23 749
3,390
Health Care Providers & Services — 1.8%
500 Aetna, Inc., 3.500%, 11/15/24 522 300 AmerisourceBergen Corp., 4.250%, 03/01/45 311 750 Express Scripts Holding Co., 2.250%, 06/15/19 750 955 HCA Holdings, Inc., 6.250%, 02/15/21 1,043 1,300 HCA, Inc., 7.500%, 02/15/22 1,534
Kindred Healthcare, Inc.,
500 8.000%, 01/15/20 (e) 543 300 8.750%, 01/15/23 (e) 327 500 Laboratory Corp. of America Holdings, 3.200%,
02/01/22 503
1,000 Quest Diagnostics, Inc., 2.700%, 04/01/19 1,015 Tenet Healthcare Corp.,
825 6.750%, 02/01/20 885
50 8.000%, 08/01/20 53
1,350 8.125%, 04/01/22 1,529 9,015
Health Care Technology — 0.1%
325 IMS Health, Inc., 6.000%, 11/01/20 (e) 340
Pharmaceuticals — 1.3%
250 Bristol-Myers Squibb Co., 5.875%, 11/15/36 321 300 Eli Lilly & Co., 3.700%, 03/01/45 299 750 GlaxoSmithKline Capital, Inc., 2.800%,
03/18/23 753
Merck & Co., Inc.,
500 2.750%, 02/10/25 498
400 4.150%, 05/18/43 426