JPMC 401K 11-K 2013


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 11-K
ANNUAL REPORT
(Mark One)
x
 
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2013
OR
¨
 
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 1-5805
 
A.
 
Full title of the plan and the address of the plan, if different from that of issuer named below:
THE JPMORGAN CHASE 401(k)
SAVINGS PLAN
B.
 
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
JPMORGAN CHASE & CO.
270 Park Avenue
New York, New York 10017



THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Net Assets Available For Benefits

Table of Contents


 
Page
 
 
 
 
Financial Statements:
 
 
 
 
 
 
 
 
 
Supplemental Schedules:
 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 23: Consent of Independent Registered Public Accounting Firm


2



Report of Independent Registered Public Accounting Firm


To the Plan Participants and Plan Administrator of
The JPMorgan Chase 401(k) Savings Plan
New York, New York
We have audited the accompanying Statement of Net Assets Available for Benefits of The JPMorgan Chase 401(k) Savings Plan (the “Plan”) and the related Statement of Changes in Net Assets Available for Benefits for the years ended December 31, 2013 and 2012. These financial statements and supplemental schedules are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2013 and 2012, and the changes in its net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements as a whole. The supplemental schedules of (1) assets held at end of year as of December 31, 2013, (2) assets both acquired and disposed of within the plan year for the year ended December 31, 2013, and (3) reportable transactions for the year ended December 31, 2013, together referred to as “supplemental information”, are presented for the purpose of additional analysis and are not a required part of the financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan’s management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements taken as a whole.


Cleveland, Ohio
June 27, 2014




3



THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Net Assets Available For Benefits


December 31,
2013
 
2012
Assets
 
 
 
Investments, at fair value:
 
 
 
Common/collective trust funds
$
8,486,925,279

 
$
5,880,398,553

Equity securities
4,884,966,018

 
3,876,713,001

Synthetic guaranteed investment contracts
2,202,431,151

 
2,110,600,307

Registered investment companies (mutual funds)
1,475,607,329

 
1,626,711,082

Corporate debt securities
1,172,329,979

 
1,162,772,682

U.S. federal, state, local and non-U.S. government securities
807,836,429

 
893,719,742

Mortgage-backed securities
89,460,193

 
124,799,833

Derivative receivables
5,452,169

 
2,155,221

Money market funds and other
288,831,030

 
375,911,078

Total investments at fair value
19,413,839,577

 
16,053,781,499

Receivables:
 
 
 
Contributing employers’ contributions receivable
443,435,973

 
412,324,672

Notes receivable from participants
463,672,756

 
394,538,344

Due from brokers for investment securities sold
80,626,839

 
99,087,744

Participants’ contributions receivable
28,080,316

 
26,815,375

Dividends and interest receivable
16,422,656

 
15,958,997

Other receivables
4,797,069

 
2,344,573

Total assets
20,450,875,186

 
17,004,851,204

 
 
 
 
Liabilities
 
 
 
Securities sold, not yet purchased
77,923,041

 
1,308,058

Derivative payables
2,780,710

 
2,666,599

Total liabilities at fair value
80,703,751

 
3,974,657

Payable for securities and interest purchased
247,417,909

 
283,610,708

Accrued expenses
4,774,984

 
3,304,366

Other
348,010

 
67,945

Total liabilities
333,244,654

 
290,957,676

Net assets reflecting all investments at fair value
20,117,630,532

 
16,713,893,528

Adjustment from fair value to contract value for fully benefit-responsive synthetic
     guaranteed investment contracts
346,616

 
(52,497,941
)
Net assets available for benefits
$
20,117,977,148

 
$
16,661,395,587

The accompanying notes to financial statements are an integral part of these statements.

4


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Changes in Net Assets Available For Benefits



Years Ended December 31,
2013
 
2012
Additions
 
 
 
Contributions:
 
 
 
Participants
$
848,007,132

 
$
789,173,600

Employers
438,186,359

 
409,539,173

Rollovers
123,655,839

 
86,237,496

Total contributions
1,409,849,330

 
1,284,950,269

Investment activities:
 
 
 
Dividend income:
 
 
 
   JPMorgan Chase & Co. common stock
74,673,879

 
71,065,100

   Other
80,036,092

 
85,594,512

Interest income
68,666,420

 
64,630,114

Net appreciation/(depreciation) in fair value of investments
3,235,887,251

 
1,949,740,271

Increase in net assets available for benefits from investment activities
3,459,263,642

 
2,171,029,997

Interest income on notes receivable from participants
13,685,968

 
12,761,233

Other income
6,771,672

 

       Total additions
4,889,570,612

 
3,468,741,499

 
 
 
 
Deductions
 
 
 
Benefits paid to participants
1,419,335,071

 
1,227,490,463

Administrative expenses
13,653,980

 
12,030,558

Total deductions
1,432,989,051

 
1,239,521,021

Net change during the year
3,456,581,561

 
2,229,220,478

Net assets available for benefits, beginning of year
16,661,395,587

 
14,432,175,109

Net assets available for benefits, end of year
$
20,117,977,148

 
$
16,661,395,587

The accompanying notes to financial statements are an integral part of these statements.


5


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS



1. Description of the Plan
The JPMorgan Chase 401(k) Savings Plan (“Plan”) is a defined contribution plan sponsored by JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank, N.A.”), a wholly-owned bank subsidiary of JPMorgan Chase & Co. (“JPMorgan Chase”), which is a leading global financial services firm and one of the largest banking institutions in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase Bank, N.A. is a national banking association that is chartered by the Office of the Comptroller of the Currency (“OCC”), a bureau of the United States Department of the Treasury. JPMorgan Chase Bank, N.A.’s main office is located in Columbus, Ohio, and it has retail branches in 23 states. JPMorgan Chase Bank, N.A. operates nationally as well as through overseas branches and subsidiaries, representative offices and subsidiary foreign banks. JPMorgan Chase Bank, N.A. either directly or through such offices, branches and subsidiaries offers a wide range of banking services to its U.S. and non-U.S. customers including investment banking, financial services for consumers and small businesses, commercial banking, financial transactions processing and asset management. Under the J.P. Morgan and Chase brands, JPMorgan Chase Bank, N.A. serves millions of customers in the U.S. and many of the world’s most prominent corporate, institutional and governmental clients.
The following is a general description of the Plan. Refer to the Plan’s Summary Plan Description and legal plan document for a more complete description of the Plan.
General
The Plan enables eligible employees (i.e., Participants) of JPMorgan Chase and certain of its affiliated companies to fund an account, the value of which is to be applied for their benefit upon retirement or termination of employment. All amounts contributed to a Participant’s account under the Plan are held in a trust fund (“Trust Fund”).
The Plan is administered by the Plan Administrator who is appointed by the Board of Directors of JPMorgan Chase or JPMorgan Chase Bank, N.A. The Plan complies with the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is designed to comply with Section 404(c) of ERISA and the related regulations. As a result, the Plan’s fiduciaries may be released from liability for any losses that result from the Participant’s individual investment decisions.
Eligibility
Full-time employees are eligible to enroll in the Plan as of their first day of employment. Part-time employees are eligible to participate after completing 60 days of service (prior to October 3, 2013, part-time employees were eligible to participate after completing 90 days of service). Newly hired and rehired eligible employees are automatically enrolled in the Plan at a 3% before-tax contribution rate unless they otherwise enroll themselves or opt out of the Plan within their first 31 days of eligibility (prior to January 1, 2013, the opt-out period was 60 days). Further, for employees who are automatically enrolled, their contribution rate is automatically increased annually by 1% until they reach a before-tax contribution rate of 5%. Unless they make another investment election, Participant contributions are invested in the Plan's qualified default investment funds, the Target Date Funds.
Contributions
Participant Contributions
The Plan allows Participants to defer on a pre-tax and/or Roth 401(k) basis through payroll deductions up to 50% (in 1% increments) of their eligible compensation per pay period subject to certain legal limitations (“Contributions”). Eligible compensation generally means base salary plus applicable job differential pay (i.e., shift pay). In certain situations, eligible compensation includes other cash earnings (e.g., commissions, draws, and overrides) paid under certain plans that provide compensation in lieu of base salary. Eligible compensation excludes overtime, bonuses, special pay, or any other additional compensation and is not reduced by pre-tax contributions under this Plan and under certain other plans. The maximum annual eligible compensation under the Plan may not exceed the applicable statutory limit. Effective January 1, 2014, Participants may elect to defer on a pre-tax and/or Roth 401(k) basis through a payroll deduction up to 50% (in 1% increments) of the cash component of any annual incentive compensation for a performance year under the Firm's Performance-Based Incentive Plan or the Branch Profitability Incentive Plan subject to certain legal limitations.

In addition, Participants who are age 50 or older are permitted to make additional Contributions known as “catch-up” contributions.
Employer Matching Contributions
Generally, except as discussed below, each contributing employer (“Contributing Employer”) makes an annual matching contribution (“Matching Contributions”) on behalf of each Participant who has completed one year of service in an amount equal to 100% of the Participant’s Contributions up to 5% of eligible compensation – provided that the Participant is employed at the

6


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


Firm at the end of the calendar year, unless certain specified conditions are met. Participants whose annual total cash compensation is $250,000 or more are not eligible to receive Matching Contributions. The determination of annual total cash compensation is made each August 1 and applies for the next succeeding calendar year.
Matching Contributions are invested in the same manner as a Participant’s Contributions.
Employer Discretionary Contributions
In December 2013 and 2012, JPMorgan Chase Bank, N.A., on behalf of each Contributing Employer, announced the granting of discretionary contributions to certain non-highly compensated employees. The contributions were allocated to the accounts of the eligible employees in January 2014 and 2013, respectively. The awards were immediately 100% vested and were invested in the same manner as the Participants’ Contributions or, in the absence of such an election, the Target Date Funds which are the Plan's qualified default investment funds.
Rollover Contributions
The Plan accepts qualifying rollover contributions made by Participants in cash from qualified retirement plans of other employers, including: qualified traditional individual retirement accounts (“IRA”); contributory individual retirement accounts; and governmental plans. After-tax rollovers are not accepted by the Plan; however the Plan accepts Roth 401(k) rollovers.
Dividend Election
The JPMorgan Chase Common Stock Fund has been designated as a nonleveraged employee stock ownership plan. As such, a Participant may elect to have any dividends attributable to their vested balance paid to them on a quarterly basis rather than reinvested; the dividend payments are not subject to an early distribution tax penalty. If a Participant makes no election, the dividend income will automatically be reinvested in the Participant’s account in the JPMorgan Chase Common Stock Fund.
Vesting
A Participant’s Contributions are always 100% vested, including any associated investment performance (or “earnings”). Participants hired before May 1, 2009, were immediately 100% vested in the value of the Matching Contributions, including any associated investment performance. Matching Contributions for Participants hired on or after May 1, 2009, will become 100% vested after they have completed three years of service. Employer discretionary contributions, if any, vest according to the schedule communicated at the time they were announced.
Forfeited Accounts
Matching Contributions that are forfeited can be used to reduce a Contributing Employer’s future Matching Contributions and/or Plan expenses that would otherwise be paid directly by the Contributing Employer. During the years ended December 31, 2013 and 2012, $901,595 and $1,194,522, respectively, of forfeited nonvested accounts were used to reduce Contributing Employer’s Matching Contributions.
Distributions
Withdrawal of Contributions
The Plan allows a Participant to withdraw all or any portion of their vested account balance attributable to after-tax contributions or contributions rolled over from another qualified plan or IRA, if any. Certain individuals who participated in prior plans may also withdraw other types of nonforfeitable employer contributions, subject to certain restrictions.
Participants who have withdrawn all amounts permissible under the preceding paragraph may request to withdraw up to the remaining amount of their vested account balance only upon attaining age 591/2 or for reasons of financial hardship, provided, however, that earnings realized after December 31, 1988, on Contributions, Matching Contributions made between January 1, 2005, and December 31, 2009, and any discretionary contributions and certain other Contributions under prior plans are not available for hardship withdrawal.
The Plan allows for in-plan Roth conversions whereby certain Plan Participants who are eligible to take an in-service withdrawal or distribution can convert certain non-Roth account balances in the Plan to Roth accounts.
Payment of Vested Benefits
A Participant who terminates employment may elect to receive the value of their vested benefit under the Plan. In the event of the death of a married Participant, fully vested benefits will be distributed to the Participant’s spouse or to another beneficiary if the spouse previously consented. An unmarried Participant may designate anyone as their beneficiary. If there is no spouse or living beneficiary on the date of the Participant’s death, the value of the vested benefit is distributed to the Participant’s estate.

7


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


A terminated Participant whose vested account balance under the Plan (including loans) is $1,000 or more may elect to: (1) receive a lump sum payment; (2) obtain a rollover payment to an IRA (traditional or Roth) or another employer’s qualified plan; (3) receive monthly, quarterly or annual installments over a period not exceeding their life expectancy, or (4) defer receipt of the distribution until April 1 of the year after they attain the age of 701/2. If no election is made, then the account distribution will be deferred, automatically, until the month after the Participant attains age 65.
If a terminated Participant’s vested account balance does not exceed $1,000, the account balance, less any required income tax withholding, will be paid to the Participant in a single lump sum. However, the Participant may elect directly to roll over the distribution to an IRA (traditional or Roth) or another employer’s qualified plan without any required income tax withholding.
Notes receivable from Participants
The Plan permits Participants to borrow a portion of their vested account balance without paying income taxes or incurring income tax penalties. The minimum loan amount is $1,000. The maximum aggregate amount of all loans to any Participant under the Plan is the lesser of $50,000 (reduced by the highest loan balance outstanding during the 12-month period preceding the date of the new loan) or 50% of the vested value of their account balance. The interest rate on a loan is based on the prime rate in effect on the first business day of the month, and it is fixed for the duration of the loan. Generally, loans must be paid off within five years. If, however, the loan is for the purchase of a principal residence, the repayment period may be up to 15 years. The Plan limits Participants to two outstanding loans at any time. Loan principal and interest are paid through payroll deductions. Notes receivable from participants in the Statement of Net Assets Available for Benefits are measured at the principal amount outstanding.
Administrative Expenses
To the extent not paid in full or in part by the Contributing Employers, the trustee (“Trustee”) uses Plan assets to pay the expenses of the Plan, such as taxes (if any) incurred on the income or assets of the trust, brokerage commissions and other expenses associated with the purchase and sale of investments by the managers of the funds, investment management fees paid and other expenses directly attributable to the administration of the Plan.

2. Summary of Significant Accounting Policies
Basis of Presentation
The accounting and financial reporting policies of the Plan conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain prior year amounts have been reclassified to conform to the current year's presentation.
Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements requires Plan management to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes in net assets available for benefits, and disclosure of contingent assets and liabilities. Actual results could be different from these estimates.
Investment Valuation
All investments are recorded at fair value. For information related to the Plan’s valuation methodologies for its investments, see Note 3 of these financial statements.
Fully Benefit-Responsive Investment Contracts
The Plan accounts for synthetic guaranteed investment contracts (“synthetic GICs”) at contract value. A synthetic GIC is an investment contract in which the Plan owns the underlying assets and purchases fully benefit-responsive wrapper contracts from independent third parties (“Issuers”), which provide market value and cash flow risk protection to the Plan.
Investment contracts held by a defined contribution plan are typically reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan that are attributable to fully benefit-responsive investment contracts. Contract value is used because that is the amount Participants would receive if they were to initiate permitted transactions under the terms of the Plan. The synthetic GICs are presented on the Statement of Net Assets Available for Benefits at the fair value of the investment contracts with an adjustment from fair value to contract value to arrive at net assets available for benefits. The Statement of Changes in Net Assets Available for Benefits is prepared on a basis that reflects income credited to Participants but not realized and unrealized gains and losses on the investment contracts.
Participant Withdrawals
Participant withdrawals are recorded when paid.

8


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


Differences between Financial Statements and Form 5500
The Plan calculates realized gains/(losses) and unrealized appreciation/(depreciation) as the difference between the proceeds and cost of investments, and as the difference between the fair value and cost of investments, respectively. Internal Revenue Service (“IRS”) Form 5500 calculates realized gains/(losses) and unrealized appreciation/(depreciation) as the difference between the fair value of investments at the end of the current year and the prior year.
The Plan does not reflect as liabilities amounts allocated to the accounts of Participants who have elected to withdraw from the Plan but have not yet been paid. The Department of Labor, however, requires that these amounts be reported as a liability on Form 5500. Similarly, amounts allocated to withdrawals by Participants that have been processed and approved for payment prior to December 31, but are not yet paid as of that date are recorded on the Form 5500 as benefits paid. There were no reconciling items between the net assets available for benefits as disclosed in these financial statements and the Form 5500.
Foreign Currency Translation
The Plan revalues assets and liabilities denominated in foreign (i.e., non-U.S.) currencies into U.S. dollars using applicable exchange rates as of the date of the Statement of Net Assets Available for Benefits. Income and expenses denominated in foreign currencies are revalued at the exchange rates prevailing at the date of the transaction.
Accounting and Reporting Developments
Balance sheet netting
In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance that requires enhanced disclosures about certain financial assets and liabilities that are subject to enforceable master netting agreements or similar agreements, or that have otherwise been offset on the Statement of Net Assets Available for Benefits under certain specific conditions that permit net presentation. In January 2013, the FASB clarified that the scope of this guidance is limited to derivatives, repurchase agreements, and securities borrowing and lending transactions. The guidance was effective for annual reporting periods beginning on or after January 1, 2013. The application of this guidance only relates to the disclosure of these instruments and had no impact on the Plan's Statements of Net Assets Available for Benefits or the Statements of Changes in Net Assets Available for Benefits. The Plan’s financial assets and liabilities subject to master netting agreements are not material, and thus, the guidance had minimal impact on the disclosure of these instruments.
Revenue from Contracts with Customers
In May 2014, the FASB issued guidance that will result in a new, single revenue accounting model that will replace existing guidance, changes the accounting for revenues from contracts with customers, and requires enhanced disclosures about recognizing revenue from contracts with customers. The objective of this guidance is to establish the principles an entity should apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The guidance is effective for annual reporting periods beginning after December 15, 2016. The Plan is currently evaluating this guidance to determine the potential impact to the Plan's Statements of Net Assets Available for Benefits or the Statements of Changes in Net Assets Available for Benefits.

3. Fair Value Measurements
Determination of Fair Value
Following is a description of the Plan’s valuation methodologies for assets and liabilities measured at fair value. The Plan has an established and well-documented process for determining fair values. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on quoted market prices, where available. If listed prices or quotes are not available, fair value is based on models that consider relevant transaction characteristics (such as maturity) and use as inputs observable and unobservable market parameters, including but not limited to yield curves, interest rates, volatilities, equity or debt prices, foreign exchange rates and credit curves. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect constraints on liquidity and unobservable parameters when the Plan is unable to observe a recent market price for a financial instrument that trades in inactive (or less active) markets or to reflect the cost of exiting larger-than-normal market-size risk positions. Liquidity adjustments are not taken for positions classified within level 1 (as defined below) of the fair value hierarchy.
The methods described above to estimate fair value may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent

9


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.
Valuation Hierarchy
A three-level valuation hierarchy has been established under U.S. GAAP for disclosure of fair value measurements. The valuation hierarchy is based on the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows:
Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
Level 3 — one or more inputs to the valuation methodology are unobservable and significant to the fair value measurement.
A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement.
Following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy.
Assets and Liabilities
JPMorgan Chase & Co. and other equity securities
JPMorgan Chase & Co. common stock is valued at the closing price reported on the New York Stock Exchange and is classified within level 1 of the valuation hierarchy. Other common and preferred stocks are valued at the closing price reported on the major stock exchange on which the individual securities are traded and are generally classified within level 1 of the valuation hierarchy. If quoted exchange prices are not available for the specific common stock, other independent pricing services or broker quotes are consulted for valuation purposes. Consideration is given to the nature of the quotes (e.g., indicative or firm) and the relationship of recently evidenced market activity to the prices provided from independent pricing services. Other common and preferred stock that do not have quoted exchange prices are generally classified within level 2 of the valuation hierarchy.
Common/collective trust funds and registered investment companies (mutual funds)
These investments are public investment vehicles valued based on the calculated net asset value (“NAV”) of the fund. Where the funds produce a daily NAV that is validated by a sufficient level of observable activity (purchases and sales at NAV), the NAV is used to value the fund investment and it is classified in level 1 of the valuation hierarchy. Where adjustments to the NAV are required, for example, with respect to interests in funds subject to restrictions on redemption (such as lock-up periods or withdrawal limitations) and/or observable activity for the fund investment is limited, investments are classified within level 2 of the valuation hierarchy.
Corporate debt securities, and U.S. federal, state, local and non-U.S. government debt securities
The Plan estimates the value of debt instruments using a combination of observed transaction prices, independent pricing services and relevant broker quotes. Consideration is given to the nature of the quotes (e.g., indicative or firm) and the relationship of recently evidenced market activity to the prices provided from independent pricing services. The Plan may also use pricing models or discounted cash flows. Such securities are generally classified within level 1 or 2 of the valuation hierarchy.
Mortgage-backed securities
Mortgage-backed securities (“MBS”) include both U.S. government agency and U.S. government-sponsored enterprise (collectively, “U.S. government agencies”) securities, and nonagency pass-through securities. U.S. government agency securities are valued based on quoted prices in active markets and are therefore classified in level 1 of the valuation hierarchy. Nonagency securities are primarily “AAA” rated residential and commercial MBS valued using a combination of observed transaction prices, independent pricing services and relevant broker quotes. Consideration is given to the nature of the quotes and the relationships of recently evidenced market activity to the prices provided from independent pricing services. Such securities are generally classified within level 2 of the valuation hierarchy.

10


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


Synthetic guaranteed investment contracts
The fair value of synthetic GICs is based on the underlying investments. The underlying investments are common/collective trust funds, which are public investment vehicles, valued at the NAV as described above. Such investments are generally classified within level 2 of the valuation hierarchy. The related wrapper contracts have a fair value of zero, at both December 31, 2013 and 2012. See Note 6 of these financial statements for further information on these contracts.
Derivatives
Exchange-traded derivatives valued using quoted prices are classified within level 1 of the valuation hierarchy. However, few classes of derivative contracts are listed on an exchange; thus, the majority of the Plan’s derivative positions are valued using either relevant broker quotes or models. Both methodologies use readily observable market parameters as their basis — that is, parameters that are actively quoted and can be validated to external sources, including industry pricing services. Depending on the types and contractual terms of derivatives, fair value can be modeled using a series of techniques, such as the Black-Scholes option pricing model, simulation models or a combination of various models, which are consistently applied. Where derivative products have been established for some time, the Plan uses models that are widely accepted in the financial services industry. These models reflect the contractual terms of the derivatives, including the period to maturity, and readily observable parameters including interest rates and volatility, and the credit quality of the counterparty. Further, many of these models do not contain a high level of subjectivity, as the methodologies used in the models do not require significant judgment, and inputs to the model are readily observable from actively quoted markets, as is the case for “plain vanilla” interest rate swaps, option contracts and credit default swaps. Such instruments are generally classified within level 2 of the valuation hierarchy. See Note 7 of these financial statements for further information on derivative instruments.
Money market funds and other
These investments predominantly consist of money market funds and securities purchased under resale agreements (“resale agreements”). Money market funds are valued based on the amortized cost method which approximates fair value and are classified within level 1 or 2 of the valuation hierarchy. To estimate the fair value of resale agreements, cash flows are evaluated taking into consideration any derivative features of the resale agreement and are then discounted using the appropriate market rates for the applicable maturity. As the inputs into the valuation are primarily based on readily observable pricing information, such resale agreements are classified within level 2 of the valuation hierarchy.
Investments measured at net asset value
The Plan uses the NAV to determine the fair value of multiple investments, including: (1) investments that have readily determinable fair values, which are classified in level 1 of the valuation hierarchy; and (2) investments for which the underlying investments (a) do not have a readily determinable fair value and (b) either have the attributes of an investment company or prepare their financial statements consistent with the measurement principles of an investment company, which are in level 2 of the valuation hierarchy. The fair values of investments valued at NAV at December 31, 2013 and 2012, respectively, were $12.2 billion and $10.0 billion, which were classified within the valuation hierarchy as follows: $1.5 billion and $2.0 billion in level 1 and $10.7 billion and $8.0 billion in level 2. These investments consist predominantly of investments in common/collective trust funds, registered investment companies (mutual funds) and synthetic GIC underlying investments.
The investment strategies for common/collective trust funds and registered investment companies (mutual funds) and the synthetic GIC underlying investments are varied, and they may invest directly and indirectly in a broad range of equities, debt and derivative investments with the objective of mirroring or exceeding the total return of certain market indices (e.g., S&P 500 Index, Russell 1000 Index, Barclays Aggregate Bond Index). Strategies may vary based on global macroeconomic views, expected directional movements in the financial markets, market capitalization (e.g., large, medium or small cap stocks), and other strategies. Certain of these investments are subject to restrictions on redemption; and certain of these investments may be sold based on the level of capital markets activity, market levels, the performance of the broader economy and investments-specific issues.
The Plan has no commitments to make additional investments in financial instruments that are valued at NAV.
Securities sold, not yet purchased
Liabilities measured at fair value include debt security instruments that the Plan has sold to other parties but does not own (i.e., “short” positions). The Plan is obligated to purchase instruments at a future date to cover the short positions at the prevailing market prices; this results in the risk to the Plan that the cost to ultimately settle the obligations may exceed the fair value that is recognized on the Statements of Net Assets Available for Benefits.


11


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


The following tables present the financial instruments carried at fair value as of December 31, 2013 and 2012, by major product category and fair value hierarchy.
Assets and liabilities measured at fair value on a recurring basis
December 31, 2013
 
Level 1(a)
 
Level 2(a)
 
Total fair value
Common/collective trust funds:
 
 
 
 
 


Large cap U.S. equity funds
 
$

 
$
5,034,284,725

 
$
5,034,284,725

Small cap U.S. equity funds
 

 
853,073,942

 
853,073,942

Large cap non-U.S. equity funds
 

 
1,537,410,844

 
1,537,410,844

Small cap non-U.S. equity funds
 

 
269,186,920

 
269,186,920

U.S. fixed income funds
 

 
570,638,222

 
570,638,222

Non-U.S. fixed income funds
 

 
78,417,660

 
78,417,660

Real estate funds
 

 
139,194,792

 
139,194,792

Commodity funds
 

 
4,718,174

 
4,718,174

Total common/collective trust funds
 

 
8,486,925,279

 
8,486,925,279

Equity securities:
 
 
 
 
 
 
JPMorgan Chase & Co.
 
3,193,148,001

 

 
3,193,148,001

Other banks and finance companies
 
267,308,506

 

 
267,308,506

Total banks and finance companies
 
3,460,456,507

 

 
3,460,456,507

Capital equipment
 
313,100,081

 
32

 
313,100,113

Consumer goods
 
271,713,587

 
1,838

 
271,715,425

Business services
 
170,332,481

 

 
170,332,481

Materials
 
144,202,594

 

 
144,202,594

Energy
 
103,195,767

 

 
103,195,767

Real estate
 
43,677,050

 

 
43,677,050

Other
 
378,285,720

 
361

 
378,286,081

Total equity securities
 
4,884,963,787

 
2,231

 
4,884,966,018

Synthetic guaranteed investment contracts
 

 
2,202,431,151

 
2,202,431,151

Registered investment companies (mutual funds):
 
 
 
 
 
 
U.S. fixed income funds
 
947,646,163

 
6,667,177

 
954,313,340

Mid cap U.S. equity funds
 
521,293,989

 

 
521,293,989

Total registered investment companies (mutual funds)
 
1,468,940,152

 
6,667,177

 
1,475,607,329

Corporate debt securities
 

 
1,172,329,979

 
1,172,329,979

U.S. federal, state, local and non-U.S. government securities
 
694,354,201

 
113,482,228

 
807,836,429

Mortgage-backed securities
 
58,737,165

 
30,723,028

 
89,460,193

Derivative receivables
 

 
5,452,169

 
5,452,169

Money market funds and other
 
285,275,555

 
3,555,475

 
288,831,030

Total assets measured at fair value(a)
 
$
7,392,270,860

 
$
12,021,568,717

 
$
19,413,839,577

Securities sold, not yet purchased
 
$
77,923,041

 
$

 
$
77,923,041

Derivative payables
 

 
2,780,710

 
2,780,710

Total liabilities measured at fair value
 
$
77,923,041

 
$
2,780,710

 
$
80,703,751






12


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS



Assets and liabilities measured at fair value on a recurring basis
December 31, 2012
 
Level 1(a)
 
Level 2(a)
 
Total fair value
Common/collective trust funds:
 
 
 
 
 
 
Large cap U.S. equity funds
 
$

 
$
3,312,773,991

 
$
3,312,773,991

Small cap U.S. equity funds
 

 
600,908,858

 
600,908,858

Large cap non-U.S. equity funds
 

 
1,152,500,097

 
1,152,500,097

Small cap non-U.S. equity funds
 

 
187,706,060

 
187,706,060

U.S. fixed income funds(b)
 
235

 
460,280,711

 
460,280,946

Non-U.S. fixed income funds
 

 
60,368,706

 
60,368,706

Real estate funds
 

 
101,344,127

 
101,344,127

Commodity funds
 

 
4,515,768

 
4,515,768

Total common/collective trust funds(b)
 
235

 
5,880,398,318

 
5,880,398,553

Equity securities:
 
 
 
 
 
 
JPMorgan Chase & Co
 
2,724,222,820

 

 
2,724,222,820

Other banks and finance companies
 
169,869,134

 

 
169,869,134

Total banks and finance companies
 
2,894,091,954

 

 
2,894,091,954

Capital equipment
 
246,385,022

 
1,189,623

 
247,574,645

Consumer goods
 
185,840,046

 
1,838

 
185,841,884

Business services
 
124,756,399

 

 
124,756,399

Materials
 
92,113,355

 

 
92,113,355

Energy
 
83,238,984

 

 
83,238,984

Real estate
 
20,189,219

 

 
20,189,219

Other
 
228,906,556

 
5

 
228,906,561

Total equity securities
 
3,875,521,535

 
1,191,466

 
3,876,713,001

Synthetic guaranteed investment contracts
 

 
2,110,600,307

 
2,110,600,307

Registered investment companies (mutual funds):
 
 
 
 
 
 
U.S. fixed income funds
 
843,225,007

 
17,955,264

 
861,180,271

Large cap U.S. equity funds
 
420,319,926

 

 
420,319,926

Mid cap U.S. equity funds
 
345,210,885

 

 
345,210,885

Total registered investment companies (mutual funds)
 
1,608,755,818

 
17,955,264

 
1,626,711,082

Corporate debt securities
 

 
1,162,772,682

 
1,162,772,682

U.S. federal, state, local and non-U.S. government securities
 

 
893,719,742

 
893,719,742

Mortgage-backed securities
 
93,621,348

 
31,178,485

 
124,799,833

Derivative receivables
 
94,228

 
2,060,993

 
2,155,221

Money market funds and other(b)
 
369,455,722

 
6,455,356

 
375,911,078

Total assets measured at fair value(a)
 
$
5,947,448,886

 
$
10,106,332,613

 
$
16,053,781,499

Securities sold, not yet purchased
 
$
1,308,058

 
$

 
$
1,308,058

Derivative payables
 

 
2,666,599

 
2,666,599

Total liabilities measured at fair value
 
$
1,308,058

 
$
2,666,599

 
$
3,974,657

(a)
For the year ended December 31, 2013, $691,466,622 of U.S. Treasury securities were transferred from level 2 to level 1, consistent with how these securities are classified by market participants. For the year ended December 31, 2012, there were no significant transfers between levels 1 and 2.
(b)
Certain money market funds were reclassified from U.S. fixed income funds to money market funds and other.




13


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


4. Investment Program
The Plan’s net assets available for benefits at December 31, 2013 and 2012, are held in a Trust Fund administered by JPMorgan Chase Bank, N.A., as Trustee.
As of December 31, 2013, the 30 investment options consist of: nine Target Date Funds and 21 core investment funds, which consist of six fixed-income funds, 10 domestic equity funds, three international equity funds, one emerging market equity fund, and the JPMorgan Chase Common Stock Fund. Effective June 14, 2013, the Plan no longer offered as an investment option the Growth and Income Fund, and all assets that were in that fund were transferred to the Large Cap Value Index Fund.
Fund transactions are processed on a daily basis and are recorded at an aggregate level within the Trust Fund. J.P. Morgan Retirement Plan Services, LLC, a wholly-owned subsidiary of JPMorgan Chase, is the record keeper for the Plan.
Participants may elect to change the allocation of their account balances and contributions in the investment funds on a daily basis. Participant requests for fund reallocations, transfers and distributions are processed on a daily basis using net asset values. Changes become effective on the same business day if the New York Stock Exchange is open and the request is made before 4 p.m. Eastern Time, or by the close of the New York Stock Exchange, whichever is earlier. Otherwise, the changes become effective on the next business day.
The Plan Administrator may place restrictions on investments in the funds and on daily transfers and reallocations among funds.

5. Investments
Investments that represent 5% or more of the Plan’s net assets available for benefits at December 31, 2013 and 2012, were as follows:
Description
 
2013
 
2012
JPMorgan Chase & Co. common stock
 
$
3,193,148,001

 
$
2,724,222,820

Blackrock Equity Index Fund
 
2,104,819,120

 
1,564,651,240

Blackrock Russell 1000 Value Fund
 
1,084,539,098

 

During the years ended December 31, 2013 and 2012, the Plan’s investments generated net appreciation/(depreciation) as follows:
Description
 
2013
 
2012
Based on quoted market prices:
 
 
 
 
JPMorgan Chase & Co. and other equity securities
 
$
1,252,570,356

 
$
879,599,653

Registered investment companies
 
378,431,519

 
175,032,696

Derivative receivables/(payables), net
 
1,924,773

 
1,588,916

U.S. federal, state, local and non-U.S. government securities
 
(50,912,423
)
 

Mortgage-backed securities
 
(635,150
)
 
56,072

Money market funds and other
 
(121,173
)
 
10,259

Total based on quoted market prices
 
1,581,257,902

 
1,056,287,596

Based on estimated fair value:
 
 
 
 
Common/collective trust funds
 
1,666,381,381

 
812,663,030

Corporate debt securities
 
(4,382,527
)
 
61,556,840

U.S. federal, state, local and non-U.S. government securities
 
(9,091,835
)
 
16,451,371

Mortgage-backed securities
 
(1,264,106
)
 
4,223,094

Registered investment companies
 
918,994

 
2,057,174

Other equity securities
 
1,438,507

 
32,160

Derivative receivables/(payables), net
 
628,935

 
(4,998,498
)
Money market funds and other
 

 
1,467,504

Total based on estimated fair value
 
1,654,629,349

 
893,452,675

Total net appreciation/(depreciation)
 
$
3,235,887,251

 
$
1,949,740,271


14


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


6. Investments in Synthetic Guaranteed Investment Contracts
The Stable Value Fund invests in synthetic GICs, which are also known as wrapper contracts. A synthetic GIC is an investment contract issued by an insurance company or other financial institution that is backed by a portfolio of bonds or other fixed income securities (the “underlying assets”) that are separately owned by the Plan. The wrapper contract is designed to protect the contract value of these underlying assets. Under these contracts, realized and unrealized gains and losses on the underlying assets are not immediately recorded in the net assets of the Plan, but are amortized over the maturity or duration of the underlying assets, through adjustments to the future interest crediting rate. The issuer of the wrapper contract guarantees that all qualified participant withdrawals will take place at the contract value.
The Plan accounts for synthetic GICs at contract value. Contract value represents contributions made under the contract, plus earnings, less Participant withdrawals and administrative expenses. Participants may customarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The Plan has not recognized any reserves to reflect the credit risk of the issuer of the synthetic GIC or otherwise. The fair value of the synthetic GICs at December 31, 2013 and 2012, was $2,202,431,151 and $2,110,600,307, respectively. The crediting rate, which tracks current market yields on a trailing basis, is reset each calendar quarter based on data as of the last business day of the month prior to the end of each calendar quarter. Crediting rates are reset in accordance with a formula contained in the contract that allows the contract value of the underlying assets to converge to market value over time; this assumes that the underlying assets continue to earn the current yield of the portfolio for a period of time equal to the portfolio’s current duration. The principal variables that affect the determination of the crediting rate are the current yield and duration of the assets underlying the wrapper contract, the existing difference between the market value of the underlying assets and contract value of the wrapper contract, and fees paid to the issuer of the wrapper contract. All of the Plan’s wrapper contracts have a 0% minimum crediting rate. The average yield and interest crediting rate of the synthetic GICs were 1.96% and 2.22% at December 31, 2013 and 2012, respectively.
The Plan’s wrapper contracts permit all allowable Participant-initiated transactions to occur at contract value. There are no events known to the Plan that are probable of occurring that would limit its ability to transact at contract value with the issuer of the wrapper contract nor with Participants. The wrapper contracts cannot be terminated by their issuer at a value other than contract value or prior to the scheduled maturity date, except under a limited number of very specific circumstances including termination of the Plan or loss of qualified status of the Plan, material misrepresentations by the Plan sponsor or investment manager, failure by these same parties to meet material obligations under the contract, or other similar types of events.

15


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


The following is a summary of the Plan’s investments related to fully benefit-responsive contracts:
 
Risk
ratings(a)
 
Investments at
fair value
 
Wrapper
contracts
at fair value
 
Adjustments
to contract
value
 
Total
investment
Investments at December 31, 2013
 
 
 
 
 
 
 
 
 
Synthetic GICs
 
 
 
 
 
 
 
 
 
Prudential Bond Wrapper
AA
 
$
754,530,654

 
$

 
$
2,456,580

 
$
756,987,234

AIG Financial Products Bond Wrapper
A
 
750,140,944

 

 
(2,332,941
)
 
747,808,003

ING Wrapper
A
 
350,032,459

 

 
67,369

 
350,099,828

State Street Bank Bond Wrapper
AA
 
347,727,094

 

 
155,608

 
347,882,702

Total synthetic GICs
 
 
2,202,431,151

 

 
346,616

 
2,202,777,767

Other benefit-responsive contracts
 
 
 
 
 
 
 
 
 
State Street Bank Loan Wrapper
AA
 
30,999

 

 

 
30,999

JPMorgan U.S. Government Money Market Fund - Capital Shares
Not rated
 
97,701,706

 

 

 
97,701,706

Total other benefit-responsive contracts
 
97,732,705

 

 

 
97,732,705

Total
 
 
$
2,300,163,856

 
$

 
$
346,616

 
$
2,300,510,472

Investments at December 31, 2012
 
 
 
 
 
 
 
 
 
Synthetic GICs
 
 
 
 
 
 
 
 
 
Prudential Bond Wrapper
AA
 
$
709,183,969

 
$

 
$
(17,838,265
)
 
$
691,345,704

AIG Financial Products Bond Wrapper
AA
 
649,839,024

 

 
(17,043,204
)
 
632,795,820

State Street Bank Bond Wrapper
AA
 
751,577,314

 

 
(17,616,472
)
 
733,960,842

Total synthetic GICs
 
 
2,110,600,307

 

 
(52,497,941
)
 
2,058,102,366

Other benefit-responsive contracts
 
 
 
 
 
 
 
 
 
State Street Bank Loan Wrapper
AA
 
78,388

 

 

 
78,388

JPMorgan U.S. Government Money Market Fund - Capital Shares
Not rated
 
173,215,838

 

 

 
173,215,838

Total other benefit-responsive contracts
 
173,294,226

 

 

 
173,294,226

Total
 
 
$
2,283,894,533

 
$

 
$
(52,497,941
)
 
$
2,231,396,592

(a)
The ratings scale is based on JPMorgan Chase Bank, N.A.’s internal ratings, which generally corresponds to ratings as defined by Standard & Poor’s.
The underlying assets associated with the other benefit-responsive contracts are held in notes receivable from participants (via the State Street Bank Bond Wrapper) and money markets funds (via the JPMorgan U.S. Government Money Market Fund - Capital Shares) as reported in the Statement of Net Assets Available for Benefits.

7. Derivative Instruments
Derivative instruments enable end-users to modify or mitigate exposure to credit or market risks. Counterparties to a derivative contract seek to obtain risks and rewards similar to those that could be obtained from purchasing or selling a related cash instrument without having to exchange upfront the full purchase or sales price. The Plan uses derivatives to manage and invest in market risk exposures, predominantly using interest rate, foreign exchange and credit derivative contracts. For a further discussion of credit derivatives, see the discussion in the Credit derivatives section on pages 18–19 of this Note.
Accounting for derivatives
All derivatives are recorded on the Statement of Net Assets Available for Benefits at fair value, with all changes in fair value reflected in the Statement of Changes in Net Assets Available for Benefits.
Notional amount of derivative contracts
The following table summarizes the gross notional amount of derivative contracts outstanding as of December 31, 2013 and 2012.

16


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


 
 
Notional amounts(a)
December 31,
 
2013
 
2012
Interest rate contracts
 
 
 
 
Swaps
 
$
800,490,626

 
$
207,875,940

Written options
 
305,900,000

 
112,800,000

Futures and forwards
 
22,140,500

 
64,350,000

Purchased options
 
18,600,000

 
4,500,000

Total interest rate contracts
 
1,147,131,126

 
389,525,940

Credit derivatives
 
35,185,000

 
94,235,000

Foreign exchange contracts
 
 
 
 
Spot, futures and forwards
 
57,556,993

 
59,605,869

Total foreign exchange contracts
 
57,556,993

 
59,605,869

Equity contracts
 
 
 
 
Warrants
 
7,541

 
7,247

Total equity contracts
 
7,541

 
7,247

Total derivative notional amounts
 
$
1,239,880,660

 
$
543,374,056

(a)
Represents the sum of gross long and gross short third-party notional derivative contracts.
While the notional amounts disclosed above give an indication of the volume of the Plan’s derivative activities, the notional amounts significantly exceed, in the Plan’s view, the possible losses that could arise from such transactions. For most derivative transactions, the notional amount is not exchanged; it is used simply as a reference to calculate payments.
Impact of derivatives on the Statements of Net Assets Available for Benefits
The following table summarizes the gross fair values of derivative receivables and payables ( irrespective of any legally enforceable master netting agreements) by contract type as of December 31, 2013 and 2012, respectively.
 
 
Derivative receivables
 
Derivative payables
December 31,
 
2013
 
2012
 
2013
 
2012
Contract type
 
 
 
 
 
 
 
 
Interest rate
 
$
5,007,671

 
$
1,573,711

 
$
2,018,635

 
$
1,470,847

Credit
 
129,189

 
392,853

 
444,582

 
559,238

Equity
 
170,674

 
132,478

 

 

Foreign exchange
 
144,635

 
56,179

 
317,493

 
636,514

Gross fair value of derivative receivables and payables
 
$
5,452,169

 
$
2,155,221

 
$
2,780,710

 
$
2,666,599

Derivatives gains and losses
The following table presents derivatives, by contract type, and the gains/(losses) recorded on such derivatives for the years ended December 31, 2013 and 2012, respectively. All amounts are recorded in net appreciation/(depreciation) in fair value of investments in the Statement of Changes in Net Assets Available for Benefits.
 
 
Derivatives gains/(losses)
Year ended December 31,
 
2013
 
2012
Contract type
 
 
 
 
Interest rate
 
$
3,310,686

 
$
(1,250,604
)
Credit
 
(803,801
)
 
(1,110,325
)
Equity
 
57,996

 
12,889

Foreign exchange
 
(11,173
)
 
(1,061,542
)
Total
 
$
2,553,708

 
$
(3,409,582
)
Credit risk, liquidity risk and credit-related contingent features
In addition to the specific market risks introduced by each derivative contract type, derivatives expose the Plan to credit risk — the risk that derivative counterparties may fail to meet their payment obligations under the derivative contracts and the collateral,

17


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


if any, held by the Plan proves to be of insufficient value to cover the payment obligation. It is the policy of the Plan to conduct its derivative activity under legally enforceable master netting agreements and collateral agreements to mitigate derivative counterparty credit risk. A master netting agreement is a single contract with a counterparty that permits multiple transactions governed by that contract to be terminated and settled through a single payment in a single currency in the event of a default. Collateral/margin agreements provide for a security interest in or title transfer of securities or cash collateral/margin with a value equal to the amount of the margin deficit on a net basis across all transactions governed by the master netting agreement, less any threshold. The collateral/margin agreement grants to the demanding party, upon default by the counterparty, the right to set off any amounts payable by the counterparty against the cash equivalent of any posted collateral/margin.

The amount of derivative receivables reported on the Statement of Net Assets Available for Benefits is the fair value of the derivative contracts irrespective of the effect of legally enforceable master netting agreements and cash collateral held by the Plan. These amounts represent the cost to the Plan to replace the contracts at then-current market rates should the counterparty default. However, in the Plan’s view, the appropriate measure of current credit risk should take into consideration the collateral held by the Plan. The Plan has received $3,490,000 and $1,293,000 of cash collateral as of December 31, 2013 and 2012, respectively.
While derivative receivables expose the Plan to credit risk, derivative payables expose the Plan to liquidity risk, as the derivative contracts may require the Plan to post cash or securities collateral with counterparties as the fair value of the contracts moves in the counterparties’ favor. Certain derivative contracts also provide for termination of the contract (e.g., generally as a result of a counterparty ratings downgrade or in the event sufficient collateral is not delivered as required) at the fair value of the derivative contracts. The aggregate fair value of derivative payables that contain termination features was $2,780,710 and $2,666,599 as of December 31, 2013 and 2012, respectively. The Plan has posted $1,107,000 and zero of cash collateral as of December 31, 2013 and 2012, respectively.
Credit derivatives
Credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer (the reference entity) and which allow one party (the protection purchaser) to transfer that risk to another party (the protection seller). Credit derivatives expose the protection purchaser to the creditworthiness of the protection seller, as the protection seller is required to make payments under the contract when the reference entity experiences a credit event, such as a bankruptcy, a failure to pay its obligation or a restructuring. The seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event.
The Plan primarily enters into credit default swaps (“CDS”), which are credit derivative contracts between two counterparties that provides protection against a credit event on one or more referenced credits. Protected credit events are specified at the inception of a transaction. Credit derivatives may reference the credit of either a single reference entity (“single-name”) or a broad-based index.
The following table presents a summary of the notional amounts of the Plan’s credit derivatives that were sold as of December 31, 2013 and 2012; all of the credit derivative contracts were credit default swaps. Upon a credit event, the Plan as a seller of protection would typically pay out only a percentage of the full notional amount of net protection sold, as the amount actually required to be paid on the contracts takes into account the recovery value of the reference obligation at the time of settlement. The Plan does not use notional amounts as the primary measure of risk management for such derivatives, because the notional amount does not take into account the probability of the occurrence of a credit event or the recovery value of the reference obligation, each of which reduces, in the Plan's view, the risks associated with such derivatives.
Total credit derivatives
 
 
Maximum payout/Notional amount(a)
 
 
December 31,
Credit derivatives type
Protection sold
2013
Credit default swaps
$
(6,600,000
)
2012
Credit default swaps
$
(14,150,000
)

(a)
The notional amounts do not take into account the fair value of the reference obligation at the time of settlement, which would generally reduce the amount the seller of protection pays to the buyer of protection in determining settlement value.



18


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


The following table summarizes the notional amounts by the ratings and maturity profile, and the total fair value, of credit derivatives as of December 31, 2013 and 2012, where the Plan is the seller of protection. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based. The ratings and maturity profile of protection purchased are comparable with the profile reflected below.
Protection sold – credit derivatives ratings/maturity profile
 
Risk rating of reference entity
 
 
 
 
 
 
Total
notional amount
 
 
December 31,
<1 year
 
1–5 years
 
>5 years
 
 
Fair value(b)
2013
Investment-grade (AAA to BBB)(a)
$

 
$
6,600,000

 
$

 
$
6,600,000

 
$
123,496

2012
Investment-grade (AAA to BBB)(a)
$
3,250,000

 
$
10,900,000

 
$

 
$
14,150,000

 
$
330,987

(a)
The ratings scale is based on JPMorgan Chase Bank, N.A.’s internal ratings, which generally correspond to ratings as defined by Standard & Poor's.
(b)
Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements and cash collateral held by the Plan.

8. Transactions with Affiliated Parties
The following is a summary of transactions with parties affiliated with the Plan for the years ended December 31, 2013 and 2012:
Year ended December 31, 2013
 
Aggregate cost
of purchases
 
Aggregate proceeds from
sales, redemptions and
distributions to participants
JPMorgan U.S. Government Money Market Fund - Capital Shares
 
$
3,739,718,879

 
$
3,823,899,034

JPMorgan Chase & Co. common stock
 
499,231,113

 
843,499,197

Core Bond Fund (managed by JPMorgan Investment Advisors)
 
37,438,096

 
96,442,069

Funds managed by JPMorgan Asset Management (USA) Inc.:
 
 
 
 
Growth and Income Fund
 
29,122,715

 
492,645,744

Mid Cap Growth Fund
 
102,565,388

 
77,240,975

Short-Term Fixed Income Fund
 
1,687,902,968

 
1,695,602,410

Small Cap Core Fund
 
69,844,323

 
56,837,996

Stable Value Fund
 
1,069,070,494

 
999,956,613

 
 
 
 
 
Year ended December 31, 2012
 
 
 
 
JPMorgan U.S. Government Money Market Fund - Capital Shares
 
$
3,463,497,706

 
$
3,560,776,853

JPMorgan Chase & Co. common stock
 
465,395,439

 
685,257,912

Core Bond Fund (managed by JPMorgan Investment Advisors)
 
65,271,647

 
39,209,497

Funds managed by JPMorgan Asset Management (USA) Inc.:
 
 
 
 
Growth and Income Fund
 
40,481,061

 
33,007,509

Mid Cap Growth Fund
 
52,996,229

 
56,556,886

Short-Term Fixed Income Fund
 
1,278,509,201

 
1,273,042,979

Small Cap Core Fund
 
26,824,852

 
40,129,904

Stable Value Fund
 
492,503,899

 
442,549,354


9. Tax Status and Federal Income Taxes
On September 16, 2013, the Plan received a favorable letter of determination from the IRS stating that it qualified under Section 401(a) of the Internal Revenue Code ("Code"), and therefore, the related trust is exempt from taxation. The Plan is required to operate in accordance with the Code to maintain its qualified status. The Plan Administrator believes the Plan is operating in compliance with the applicable requirements of the Code.
U.S. GAAP requires the management of the Plan to evaluate tax positions taken by the Plan and recognize an income tax liability if the Plan has taken uncertain tax positions that more-likely-than-not would not be sustained upon examination by applicable taxing authorities. Management of the Plan has analyzed tax positions taken by the Plan and has concluded that, as of December 31, 2013 and 2012, there were no uncertain tax positions taken, or expected to be taken, that would require recognition of a

19


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS


liability or that would require disclosure in the financial statements. The Plan is subject to routine audits by taxing authorities. However, currently no audits for any tax periods are in progress. Management of the Plan believes that the Plan is no longer subject to income tax examinations for years prior to December 31, 2010.
Participants who are not currently receiving a distribution under the Plan do not pay any U.S. federal income tax on Contributing Employer contributions or income earned by the Trust. When a Participant, or his or her beneficiary or estate, receives a distribution under the Plan, the distribution is generally taxable. The tax treatment of any distribution from the Trust depends on individual circumstances.

10. Net Assets Transferred From Other Plans
The Plan had no transfers in 2013 or 2012.

11. Commitments and Contingencies
In accordance with the provisions of U.S. GAAP for contingencies, the Plan accrues for a litigation-related liability when it is probable that such a liability has been incurred and the amount of the loss can be reasonably estimated. Plan management evaluates the Plan's outstanding legal proceedings, if any, periodically to assess whether any litigation reserve is required, and makes adjustments in such reserves, upwards or downwards, as appropriate, based on Plan management's best judgment after consultation with counsel.
While the outcome of litigation is inherently uncertain, Plan management believes, based upon its current knowledge, after consultation with counsel, in light of all information known to it at December 31, 2013, that there is no outstanding litigation affecting the Plan that would require the establishment of a litigation reserve. There is no assurance that the Plan will not need to establish a reserve, or to adjust the amount of such a reserve, for a litigation-related liability in the future.

12. Risks and Uncertainties
The Plan’s investments include financial instruments which are exposed to various risks such as interest rate, market, credit and country risks. Due to the level of risk associated with certain financial instruments, it is at least reasonably possible that changes in the values of financial instruments will occur in the near term and such changes could materially affect the Participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
The Plan’s exposure to a concentration of credit risk is limited by the diversification of investments across 30 (as of December 31, 2013) investment fund elections. Additionally, the investments within each Fund are further diversified into various financial instruments, with the exception of the JPMorgan Chase Common Stock Fund, which invests predominantly in JPMorgan Chase & Co. common stock. The Plan’s exposure to credit risk from synthetic GICs is limited to the fair value of the contract with each counterparty.

13. Plan Termination
JPMorgan Chase reserves the right to amend, modify or terminate the Plan at any time. In the event of termination, the value of Participants’ accounts will be paid in accordance with the provisions of the Plan and the provisions of ERISA.

14. Subsequent Event
In preparing the financial statements, management of the Plan has performed an evaluation of material events that occurred subsequent to December 31, 2013, and through June 27, 2014, the date these financial statements were available to be issued. There were no material subsequent events that occurred that would require disclosure or recognition in these financial statements.

20

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
COMMON/COLLECTIVE TRUST FUNDS:
 
 

 
 

 
 
BGI EAFE INDEX FD
 
18,357,267 UNITS
 
$
636,394,410

 
$
651,323,169

 
 
BLKRCK DEV'D REAL ESTATE IDX FD
 
9,355,846 UNITS
 
124,259,898

 
139,194,792

 
 
BLKRCK DJ-UBS COMM DAILY FD
 
615,484 UNITS
 
5,329,869

 
4,718,174

 
 
BLKRCK EAFE EQUITY INDEX FD
 
14,626,591 UNITS
 
349,673,912

 
534,648,455

 
 
BLKRCK EMERGING MARKETS FD
 
18,505,762 UNITS
 
349,988,972

 
351,439,220

 
 
BLKRCK EQUITY INDEX FD
 
66,353,146 UNITS
 
1,204,431,791

 
2,104,819,120

 
 
BLKRCK MSCI EAFE SM CAP EQ IDX FD
 
15,605,672 UNITS
 
207,393,857

 
269,186,920

 
 
BLKRCK RUSSELL 1000 GROWTH FD
 
59,971,090 UNITS
 
497,810,709

 
894,049,014

 
 
BLKRCK RUSSELL 1000 INDEX FD
 
43,664,502 UNITS
 
684,516,806

 
950,877,493

 
 
BLKRCK RUSSELL 1000 VALUE FD
 
48,879,975 UNITS
 
803,504,367

 
1,084,539,098

 
 
BLKRCK RUSSELL 2000 INDEX FD
 
25,910,240 UNITS
 
523,810,996

 
853,073,942

 
 
BLKRCK US DEBT INDEX FD
 
19,699,228 UNITS
 
522,702,302

 
538,212,471

 
 
BLKRCK US TIPS FD
 
1,737,165 UNITS
 
32,949,441

 
32,425,751

*
 
JPMAM EMBI GLOBAL FD
 
1,535,193 UNITS
 
73,044,801

 
78,417,660

 
 
TOTAL COMMON/COLLECTIVE TRUST FUNDS
 
6,015,812,131

 
8,486,925,279

EQUITY SECURITIES:
 
 

 
 

 
 
3M CO
 
 47,925 SHARES
 
3,891,051

 
6,721,481

 
 
ABB LTD
 
 126,656 SHARES
 
3,197,827

 
3,343,884

 
 
ACADIA HEALTHCARE CO INC
 
 33,213 SHARES
 
458,531

 
1,571,971

 
 
ACTIVISION BLIZZARD INC
 
 447,747 SHARES
 
5,177,812

 
7,983,329

 
 
ADECOAGRO SA
 
 176,297 SHARES
 
1,749,590

 
1,426,243

 
 
AES CORP
 
 259,800 SHARES
 
2,997,818

 
3,769,698

 
 
AIR METHODS CORP
 
 70,033 SHARES
 
1,141,067

 
4,085,025

 
 
AKAMAI TECHNOLOGIES
 
 132,495 SHARES
 
5,036,400

 
6,251,114

 
 
AKZO NOBEL
 
 139,629 SHARES
 
8,625,101

 
10,839,916

 
 
ALLEGHENY TECHNOLOGIES INC
 
 182,255 SHARES
 
7,497,890

 
6,493,746

 
 
ALLEGION PLC COMMON STOCK
 
 10,951 SHARES
 
226,223

 
483,924

 
 
ALLERGAN INC
 
 35,935 SHARES
 
3,607,960

 
3,991,660

 
 
ALLIANCE DATA SYSTEM
 
 24,135 SHARES
 
2,318,250

 
6,345,816

 
 
ALLSTATE CORP
 
 77,050 SHARES
 
2,580,506

 
4,202,307

 
 
AMAZON COM INC
 
 2,800 SHARES
 
576,891

 
1,116,612

 
 
AMERICAN EXPRESS CO
 
 96,935 SHARES
 
4,297,312

 
8,794,913

 
 
AMERICAN TOWER CORP
 
 241,380 SHARES
 
9,339,983

 
19,266,952

 
 
AMERIPRISE FINANCIAL IN
 
 27,050 SHARES
 
1,317,834

 
3,112,102

 
 
AMETEK INC
 
 90,547 SHARES
 
2,702,162

 
4,769,110

 
 
AMGEN INC
 
 30,700 SHARES
 
1,782,689

 
3,504,712

 
 
ANADARKO PETROLEUM CORP
 
 45,080 SHARES
 
3,334,968

 
3,575,746

 
 
ANHEUSER-BUSCH INBEV
 
 41,695 SHARES
 
3,861,210

 
4,438,850

 
 
ANIXTER INTL INC
 
 29,806 SHARES
 
1,811,222

 
2,677,771

 
 
APACHE CORP
 
 61,100 SHARES
 
4,872,793

 
5,250,934

 
 
APPLE INC
 
 10,610 SHARES
 
3,056,760

 
5,953,377

 
 
ARTISAN PARTNERS ASSET MGMT INC
 
 15,378 SHARES
 
615,616

 
1,002,492

 
 
ASBURY AUTOMOTIVE GRP INC
 
 31,448 SHARES
 
844,521

 
1,690,016

 
 
ASTORIA FINANCIAL CORP
 
 336,185 SHARES
 
6,815,218

 
4,649,439

 
 
AT&T INC
 
 172,500 SHARES
 
5,085,276

 
6,065,100

 
 
ATMI INC
 
 26,156 SHARES
 
561,194

 
790,173

 
 
AUTODESK INC
 
 103,875 SHARES
 
3,798,781

 
5,228,029

 
 
AUTOZONE INC
 
 13,500 SHARES
 
5,092,151

 
6,452,190

 
 
AVIVA PLC
 
 743,770 SHARES
 
5,950,766

 
5,539,715

 
 
AVON PRODUCTS INC
 
 113,550 SHARES
 
2,689,535

 
1,955,331

 
 
AXA
 
 124,096 SHARES
 
3,051,536

 
3,455,871

 
 
BAKER HUGHES INC
 
 48,800 SHARES
 
2,644,867

 
2,696,688


21

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
 
BALFOUR BEATTY
 
 582,680 SHARES
 
2,811,176

 
2,768,768

 
 
BANCO BILBAO VIZCAYA ARGENTARIA
 
 254,127 SHARES
 
2,589,790

 
3,133,360

 
 
BANK OF AMERICA CORP
 
 516,900 SHARES
 
9,650,905

 
8,048,133

 
 
BANK OF THE OZARKS
 
 59,787 SHARES
 
1,836,140

 
3,383,346

 
 
BANKRATE INC
 
 156,690 SHARES
 
2,710,183

 
2,811,019

 
 
BANKUNITED INC
 
 53,909 SHARES
 
1,536,033

 
1,774,684

 
 
BARCLAYS
 
 1,431,606 SHARES
 
5,906,396

 
6,448,199

 
 
BARD(C.R.) INC
 
 46,765 SHARES
 
3,352,629

 
6,263,704

 
 
BAYER AG
 
 35,420 SHARES
 
2,097,828

 
4,975,873

 
 
BG GRP
 
 254,038 SHARES
 
4,878,493

 
5,459,237

 
 
BIOGEN IDEC INC
 
 23,480 SHARES
 
3,455,342

 
6,568,530

 
 
BLACKROCK INC
 
 13,510 SHARES
 
3,351,985

 
4,275,510

 
 
BNP PARIBAS
 
 80,849 SHARES
 
5,163,128

 
6,311,143

 
 
BOEING CO
 
 24,150 SHARES
 
1,818,402

 
3,296,233

 
 
BONANZA CREEK ENERGY INC
 
 50,262 SHARES
 
1,292,150

 
2,184,889

 
 
BORG-WARNER INC
 
 240,060 SHARES
 
4,265,714

 
13,421,755

 
 
BOSTON PROPERTIES INC
 
 58,110 SHARES
 
4,560,896

 
5,832,501

 
 
BRISTOL-MYERS SQUIBB CO
 
 116,525 SHARES
 
5,215,132

 
6,193,304

 
 
BRITISH AMERICAN TOBACCO
 
 144,529 SHARES
 
5,783,458

 
7,751,000

 
 
BROADSOFT INC
 
 56,734 SHARES
 
1,793,320

 
1,551,108

 
 
BRUKER CORP
 
 42,137 SHARES
 
814,913

 
833,048

 
 
CADENCE DESIGN SYSTEMS INC
 
 163,914 SHARES
 
1,522,511

 
2,298,074

 
 
CANADIAN PACIFIC RAILWAYS
 
 32,950 SHARES
 
2,268,682

 
4,985,994

 
 
CARDIOVASCULAR SYSTEMS INC
 
 31,272 SHARES
 
985,282

 
1,072,317

 
 
CARNIVAL CORP
 
 176,447 SHARES
 
6,150,911

 
7,189,600

 
 
CAVIUM INC
 
 117,150 SHARES
 
3,706,172

 
4,042,846

 
 
CBRE GRP INC
 
 268,319 SHARES
 
5,033,207

 
7,056,790

 
 
CELANESE CORP
 
 114,550 SHARES
 
4,997,973

 
6,335,760

 
 
CENTENE CORP
 
 58,584 SHARES
 
2,073,336

 
3,453,527

 
 
CF INDUSTRIES HOLDINGS INC
 
 37,120 SHARES
 
7,611,531

 
8,650,445

 
 
CHATHAM LODGING TRUST
 
 96,100 SHARES
 
1,696,912

 
1,965,245

 
 
CHEESECAKE FACTORY
 
 63,944 SHARES
 
1,820,915

 
3,086,577

 
 
CHEFS WAREHOUSE INC
 
 77,580 SHARES
 
1,706,344

 
2,262,233

 
 
CHENIERE ENERGY INC
 
 12,724 SHARES
 
195,760

 
548,659

 
 
CHEVRON CORP
 
 60,100 SHARES
 
4,559,830

 
7,507,091

 
 
CHICOS FAS INC
 
 129,395 SHARES
 
2,367,743

 
2,437,802

 
 
CHINA ENERGY SAVINGS TECH INC
 
 400 SHARES
 

 
32

 
 
CHINA MERCHANTS HOLDINGS INTL
 
 548,000 SHARES
 
1,675,516

 
2,000,116

 
 
CHIPOTLE MEXICAN GRILL
 
 4,040 SHARES
 
1,298,724

 
2,152,431

 
 
CINEMARK HOLDINGS INC
 
 128,107 SHARES
 
2,922,421

 
4,269,806

 
 
CIRCOR INTL INC
 
 11,926 SHARES
 
597,236

 
963,382

 
 
CISCO SYSTEMS INC
 
 183,450 SHARES
 
3,528,288

 
4,118,452

 
 
CITIGRP INC
 
 38,600 SHARES
 
1,832,101

 
2,011,446

 
 
CITRIX SYSTEMS INC
 
 25,846 SHARES
 
1,640,798

 
1,634,759

 
 
CNOOC
 
 3,648,000 SHARES
 
7,104,419

 
6,784,351

 
 
COACH INC
 
 91,618 SHARES
 
5,358,636

 
5,142,518

 
 
COBALT INTL ENERGY INC
 
 114,510 SHARES
 
3,151,041

 
1,883,689

 
 
COGENT COMMUNICATIONS GRP INC
 
 71,518 SHARES
 
1,718,441

 
2,890,042

 
 
COGNIZANT TECH SOLUTIONS CORP
 
 74,760 SHARES
 
4,757,772

 
7,549,265

 
 
COLONY FINANCIAL INC
 
 73,024 SHARES
 
1,566,494

 
1,481,657

 
 
COLUMBIA BANKING SYSTEMS INC
 
 43,607 SHARES
 
1,047,293

 
1,199,629

 
 
COMCAST CORP
 
 168,785 SHARES
 
5,290,649

 
8,713,054


22

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 

 
 
COMMVAULT SYSTEMS INC
 
 21,435 SHARES
 
546,978

 
1,605,053

 
 
CONSOL ENERGY INC
 
 56,050 SHARES
 
1,945,754

 
2,132,142

 
 
CONSTELLIUM
 
 87,436 SHARES
 
1,349,589

 
2,034,635

 
 
CORNERSTONE ONDEMAND INC
 
 55,213 SHARES
 
2,427,244

 
2,945,061

 
 
CORPORATE EXECUTIVE BOARD CO
 
 37,837 SHARES
 
1,172,457

 
2,929,719

 
 
COVANCE INC
 
 94,005 SHARES
 
4,937,955

 
8,278,080

 
 
COVIDIEN PLC
 
 111,720 SHARES
 
4,750,002

 
7,608,132

 
 
CREDIT AGRICOLE
 
 11,389 SHARES
 
139,096

 
146,028

 
 
CSX CORP
 
 368,215 SHARES
 
4,782,166

 
10,593,546

 
 
CUMMINS INC
 
 115,840 SHARES
 
4,387,847

 
16,329,965

 
 
CURTISS-WRIGHT CORP
 
 45,136 SHARES
 
2,125,795

 
2,808,813

 
 
CVS CAREMARK CORP
 
 73,710 SHARES
 
3,496,016

 
5,275,425

 
 
CYBER-CARE INC
 
 12,250 SHARES
 

 
1,838

 
 
DAIMLER AG
 
 93,682 SHARES
 
4,682,553

 
8,119,705

 
 
DARDEN RESTAURANTS INC
 
 116,735 SHARES
 
4,707,893

 
6,346,882

 
 
DARLING INTL INC
 
 115,403 SHARES
 
2,197,995

 
2,409,615

 
 
DEALERTRACK TECHNOLOGIES INC
 
 4,665 SHARES
 
150,024

 
224,293

 
 
DECKERS OUTDOOR CORP
 
 27,708 SHARES
 
1,317,385

 
2,340,218

 
 
DIAGEO
 
 22,885 SHARES
 
2,849,672

 
3,030,432

 
 
DOLLAR GENERAL CORP
 
 50,180 SHARES
 
2,437,371

 
3,026,858

 
 
DORMAN PRODUCTS INC
 
 29,619 SHARES
 
1,466,312

 
1,660,737

 
 
DOUGLAS EMMETT INC
 
 38,073 SHARES
 
694,439

 
886,720

 
 
DR HORTON INC
 
 682,145 SHARES
 
14,936,063

 
15,225,476

 
 
DRESSER RAND GRP
 
 28,008 SHARES
 
1,031,358

 
1,670,117

 
 
DSW INC
 
 80,634 SHARES
 
2,991,427

 
3,445,491

 
 
DUNKIN BRANDS GRP INC
 
 110,085 SHARES
 
3,446,055

 
5,306,097

 
 
EAGLE WORLDWIDE INC
 
 3,950 SHARES
 

 
356

 
 
EAST WEST BANCORP INC
 
 123,193 SHARES
 
3,503,726

 
4,308,059

 
 
EASTMAN CHEMICAL CO
 
 141,370 SHARES
 
4,359,629

 
11,408,559

 
 
EATON CORP PLC
 
 57,525 SHARES
 
2,278,323

 
4,378,803

 
 
EATON VANCE CORP
 
 228,940 SHARES
 
6,839,774

 
9,796,342

 
 
EBAY INC
 
 41,235 SHARES
 
1,279,746

 
2,263,389

 
 
ECHOSTAR CORP
 
 146,055 SHARES
 
5,572,362

 
7,261,855

 
 
EMERSON ELECTRIC CO
 
 30,150 SHARES
 
1,560,873

 
2,115,927

 
 
ENTERGY CORP
 
 50,900 SHARES
 
3,547,550

 
3,220,443

 
 
ENVISION HEALTHCARE HLDGS INC
 
 56,597 SHARES
 
1,420,889

 
2,010,325

 
 
EQT CORP
 
 34,150 SHARES
 
1,675,536

 
3,065,987

 
 
EQUIFAX INC
 
 58,950 SHARES
 
3,721,265

 
4,072,855

 
 
EVERCORE PARTNERS INC
 
 36,945 SHARES
 
1,153,175

 
2,208,572

 
 
EXELON CORP
 
 94,250 SHARES
 
3,813,035

 
2,581,507

 
 
EXPRESS INC
 
 85,619 SHARES
 
1,633,304

 
1,598,507

 
 
EXPRESS SCRIPTS HLDG CO
 
 224,362 SHARES
 
6,247,535

 
15,759,187

 
 
EXXON MOBIL CORP
 
 75,750 SHARES
 
5,217,429

 
7,665,900

 
 
FACEBOOK INC
 
 132,010 SHARES
 
3,311,295

 
7,215,667

 
 
FIFTH THIRD BANCORP
 
 138,200 SHARES
 
2,515,334

 
2,906,346

 
 
FIRST POTOMAC REALTY TRUST
 
 41,916 SHARES
 
654,306

 
487,483

 
 
FLEXTRONICS INTL
 
 717,460 SHARES
 
5,129,665

 
5,574,664

 
 
FLUIDIGM CORP
 
 82,650 SHARES
 
1,259,994

 
3,167,148

 
 
FORTINET INC
 
 63,417 SHARES
 
1,133,002

 
1,213,167

 
 
GATX CORP
 
 113,970 SHARES
 
4,704,307

 
5,945,815

 
 
GDF SUEZ
 
 106,736 SHARES
 
2,083,845

 
2,514,279

 
 
GENERAL ELECTRIC CO
 
 242,200 SHARES
 
6,804,301

 
6,788,866


23

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 

 
 
GENERAL MOTORS CO
 
 142,050 SHARES
 
4,264,054

 
5,805,575

 
 
GENESEE & WYOMING INC
 
 21,350 SHARES
 
1,009,187

 
2,050,667

 
 
GENMARK DIAGNOSTICS INC
 
 136,050 SHARES
 
636,933

 
1,810,825

 
 
GILEAD SCIENCES INC
 
 149,870 SHARES
 
3,737,410

 
11,262,730

 
 
GIVAUDAN
 
 3,098 SHARES
 
2,614,383

 
4,437,906

 
 
GLOBAL PAYMENTS INC
 
 132,282 SHARES
 
5,832,435

 
8,597,007

 
 
GOLDMAN SACHS GRP INC
 
 14,550 SHARES
 
1,784,003

 
2,579,133

 
 
GOOGLE INC
 
 13,160 SHARES
 
9,233,996

 
14,748,544

 
 
GRAINGER(W.W.) INC
 
 2,730 SHARES
 
714,783

 
697,297

 
 
GREAT LAKES DREDGE & DOCK CORP
 
 162,935 SHARES
 
1,099,100

 
1,499,002

 
 
GREEN MNT COFFEE ROASTERS INC
 
 93,135 SHARES
 
4,638,364

 
7,039,143

 
 
HAIN CELESTIAL GRP INC
 
 43,438 SHARES
 
2,647,377

 
3,943,302

 
 
HARLEY DAVIDSON
 
 81,665 SHARES
 
3,663,786

 
5,654,485

 
 
HARRIS TEETER SUPERMARKETS INC
 
 31,211 SHARES
 
990,123

 
1,540,263

 
 
HEALTHWAYS INC
 
 98,583 SHARES
 
1,148,832

 
1,513,249

 
 
HEARTLAND EXPRESS INC
 
 172,909 SHARES
 
2,659,168

 
3,392,475

 
 
HERSHA HOSPITALITY TRUST
 
 234,418 SHARES
 
1,414,120

 
1,305,708

 
 
HERTZ GLOBAL HOLDINGS INC
 
 146,695 SHARES
 
3,192,116

 
4,198,411

 
 
HESS CORP
 
 40,950 SHARES
 
2,104,045

 
3,398,850

 
 
HITACHI
 
 573,000 SHARES
 
3,494,681

 
4,339,546

 
 
HITTITE MICROWAVE CORP
 
 39,243 SHARES
 
1,746,142

 
2,422,470

 
 
HOME DEPOT INC
 
 84,895 SHARES
 
6,014,312

 
6,990,254

 
 
HONEYWELL INTL INC
 
 40,350 SHARES
 
1,650,450

 
3,686,779

 
 
HSBC HLDGS
 
 613,900 SHARES
 
6,760,513

 
6,662,542

 
 
HUMANA INC
 
 50,840 SHARES
 
3,791,322

 
5,247,705

 
 
HUNT(J.B.)TRANSPORT SERVICES INC
 
 43,350 SHARES
 
2,103,299

 
3,350,955

 
 
HUNTINGTON INGALLS INDTR'S INC
 
 63,671 SHARES
 
4,319,477

 
5,731,027

 
 
HURON CONSULTING GRP INC
 
 50,119 SHARES
 
1,786,801

 
3,143,464

 
 
IDEX CORP
 
 30,835 SHARES
 
1,143,807

 
2,277,165

 
 
IHS INC
 
 35,060 SHARES
 
3,510,636

 
4,196,682

 
 
ILLINOIS TOOL WORKS INC
 
 33,750 SHARES
 
1,695,511

 
2,837,700

 
 
IMAX CORP
 
 82,145 SHARES
 
2,320,081

 
2,421,635

 
 
IMPERIAL OIL
 
 160,300 SHARES
 
6,756,189

 
7,096,952

 
 
INGERSOLL-RAND PLC
 
 32,850 SHARES
 
879,641

 
2,023,560

 
 
INSULET CORP
 
 14,969 SHARES
 
261,558

 
555,350

 
 
INTEGRYS ENERGY GRP INC
 
 82,265 SHARES
 
4,003,327

 
4,476,039

 
 
INTERCONTINENTAL EXCHNG GRP INC
 
 75,095 SHARES
 
6,785,901

 
16,890,367

 
 
INTERXION HLDG
 
 59,275 SHARES
 
1,373,976

 
1,399,483

 
 
INTL CONSOLIDATED AIRL GRP
 
 729,797 SHARES
 
3,011,105

 
4,851,827

 
 
INTL GAME TECH
 
 227,225 SHARES
 
5,143,368

 
4,126,406

 
 
INTL PAPER CO
 
 108,200 SHARES
 
3,667,601

 
5,305,046

 
 
INTUIT INC
 
 202,695 SHARES
 
9,075,408

 
15,469,682

 
 
INTUITIVE SURGICAL INC
 
 7,745 SHARES
 
3,403,773

 
2,974,700

 
 
INVESCO LTD
 
 73,250 SHARES
 
1,675,268

 
2,666,300

 
 
JGC CORP
 
 84,000 SHARES
 
1,712,273

 
3,296,703

 
 
JIVE SOFTWARE INC
 
 56,446 SHARES
 
890,150

 
635,017

 
 
JOHNSON & JOHNSON
 
 65,350 SHARES
 
4,229,869

 
5,985,406

 
 
JOY GLOBAL INC
 
 111,430 SHARES
 
6,320,420

 
6,517,541

*
 
JPMORGAN CHASE & CO.
 
 54,602,394 SHARES
 
2,164,988,870

 
3,193,148,001

 
 
JUNIPER NETWORKS
 
 158,295 SHARES
 
4,197,612

 
3,572,718

 
 
KANSAS CITY SOUTHERN
 
 24,580 SHARES
 
2,318,330

 
3,043,741

 
 
KBC GROEP
 
 54,176 SHARES
 
2,742,141

 
3,079,388


24

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
 
KDDI CORP
 
 140,800 SHARES
 
4,478,425

 
8,667,295

 
 
KELLOGG CO
 
 35,200 SHARES
 
1,828,401

 
2,149,664

 
 
KEYCORP
 
 720,280 SHARES
 
5,563,289

 
9,666,158

 
 
KOHLS CORP
 
 80,000 SHARES
 
3,838,226

 
4,540,000

 
 
KOREA ELECTRIC POWER CORP
 
 200,085 SHARES
 
3,110,766

 
3,323,412

 
 
KORN-FERRY INTL
 
 90,841 SHARES
 
1,665,797

 
2,372,767

 
 
KYTHERA BIOPHARMACEUTICALS INC
 
 39,113 SHARES
 
879,712

 
1,456,959

 
 
L INTL COMPUTERS INC
 
 21,600 SHARES
 

 
2

 
 
LAREDO PETROLEUM HLDGS INC
 
 29,460 SHARES
 
691,045

 
815,747

 
 
LEGRAND PROMESSE
 
 103,559 SHARES
 
3,987,610

 
5,716,527

 
 
LENNAR CORP
 
 152,415 SHARES
 
4,958,634

 
6,029,537

 
 
LIBERTY MEDIA CORP
 
 6,825 SHARES
 
433,037

 
999,521

 
 
LIFEPOINT HOSPITALS INC
 
 36,998 SHARES
 
1,309,556

 
1,954,974

 
 
LINDE
 
 14,840 SHARES
 
2,008,524

 
3,109,237

 
 
LINK REAL ESTATE INVESTMENT
 
 306,174 SHARES
 
1,493,489

 
1,484,719

 
 
LINKEDIN CORP
 
 18,715 SHARES
 
3,038,906

 
4,057,973

 
 
LLOYDS BANKING GRP
 
 4,401,198 SHARES
 
4,025,534

 
5,749,945

 
 
LOCKHEED MARTIN CORP
 
 11,500 SHARES
 
914,057

 
1,709,590

 
 
LOWES COMPANIES INC
 
 275,625 SHARES
 
7,441,589

 
13,657,218

 
 
LULULEMON ATHLETICA INC
 
 72,485 SHARES
 
4,899,926

 
4,278,790

 
 
LUMOS NETWORKS CORP
 
 57,531 SHARES
 
827,426

 
1,208,151

 
 
MALLINCKRODT PLC
 
 6,818 SHARES
 
216,625

 
356,309

 
 
MARCUS & MILLICHAP INC
 
 31,009 SHARES
 
375,593

 
462,034

 
 
MARKETO INC
 
 21,461 SHARES
 
745,605

 
795,559

 
 
MARSH & MCLENNAN COS INC
 
 125,250 SHARES
 
3,857,328

 
6,057,090

 
 
MASCO CORP
 
 275,135 SHARES
 
5,644,440

 
6,264,824

 
 
MASTERCARD INC
 
 8,910 SHARES
 
3,544,968

 
7,443,949

 
 
MATTEL INC
 
 283,405 SHARES
 
6,250,701

 
13,484,410

 
 
MATTRESS FIRM HLDG CORP
 
 83,809 SHARES
 
2,708,402

 
3,607,139

 
 
MEAD JOHNSON NUTRITION
 
 20,085 SHARES
 
1,544,805

 
1,682,320

 
 
MEDNAX INC
 
 142,590 SHARES
 
5,176,756

 
7,611,454

 
 
MERCK & CO INC
 
 142,450 SHARES
 
4,784,423

 
7,129,622

 
 
METLIFE INC
 
 64,800 SHARES
 
2,550,897

 
3,494,016

 
 
MFA FINANCIAL INC
 
 523,913 SHARES
 
4,024,621

 
3,698,826

 
 
MICHAEL KORS HOLDINGS LTD
 
 26,490 SHARES
 
1,415,835

 
2,150,723

 
 
MICHAEL PAGE INTL PLC
 
 307,034 SHARES
 
1,444,250

 
2,481,602

 
 
MICROSOFT CORP
 
 322,855 SHARES
 
10,356,378

 
12,084,463

 
 
MOBILE MINI
 
 67,616 SHARES
 
1,515,603

 
2,784,427

 
 
MOLINA HEALTHCARE INC
 
 57,191 SHARES
 
1,993,855

 
1,987,387

 
 
MONDELEZ INTL INC
 
 128,605 SHARES
 
4,094,916

 
4,539,756

 
 
MONSANTO CO
 
 58,915 SHARES
 
4,450,376

 
6,866,543

 
 
MONSTER BEVERAGE CORP
 
 61,885 SHARES
 
3,419,964

 
4,193,946

 
 
MOOG INC
 
 23,335 SHARES
 
861,373

 
1,585,380

 
 
MORGAN STANLEY
 
 234,850 SHARES
 
5,791,622

 
7,364,896

 
 
MOTORS LIQUIDATION CO
 
 765 SHARES
 

 
24,595

 
 
MURPHY OIL CORP
 
 84,115 SHARES
 
4,524,089

 
5,457,381

 
 
MWI VETERINARY SUPPLY INC
 
 12,003 SHARES
 
476,900

 
2,047,592

 
 
NABORS INDUSTRIES
 
 329,555 SHARES
 
6,053,178

 
5,599,139

 
 
NETSCOUT SYSTEMS INC
 
 48,147 SHARES
 
1,250,268

 
1,424,670

 
 
NEWFIELD EXPLORATION CO
 
 246,622 SHARES
 
11,164,234

 
6,074,299

 
 
NIELSEN HOLDINGS
 
 98,155 SHARES
 
3,551,938

 
4,504,333

 
 
NIKON CORP
 
 88,400 SHARES
 
1,655,128

 
1,689,697


25

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
 
NORTHERN TRUST CORP
 
 84,410 SHARES
 
5,266,432

 
5,224,135

 
 
NOVADAQ TECHNOLOGIES CO
 
 132,330 SHARES
 
1,504,629

 
2,182,122

 
 
NOVARTIS
 
 115,729 SHARES
 
6,434,070

 
9,265,087

 
 
NOWAUTO INC
 
 12,999 SHARES
 

 
1

 
 
NRG ENERGY INC
 
 180,200 SHARES
 
3,887,520

 
5,175,344

 
 
NTELOS HLDGS CORP
 
 11,961 SHARES
 
291,882

 
241,971

 
 
ONEOK INC
 
 81,751 SHARES
 
2,178,307

 
5,083,277

 
 
ORACLE CORP
 
 167,060 SHARES
 
4,747,269

 
6,391,716

 
 
ORBCOMM INC
 
 209,149 SHARES
 
1,394,424

 
1,326,005

 
 
PACIRA PHARMACEUTICALS INC
 
 71,927 SHARES
 
1,417,462

 
4,135,083

 
 
PANERA BREAD CO
 
 8,300 SHARES
 
1,433,527

 
1,466,527

 
 
PARKWAY PROPERTIES INC
 
 38,517 SHARES
 
600,888

 
743,000

 
 
PDC ENERGY INC
 
 17,156 SHARES
 
764,415

 
913,042

 
 
PEBBLEBROOK HOTEL TRUST
 
 60,666 SHARES
 
1,408,627

 
1,866,086

 
 
PEPSICO INC
 
 42,750 SHARES
 
2,865,430

 
3,545,685

 
 
PEUGEOT SA
 
 117,732 SHARES
 
1,674,651

 
1,531,115

 
 
PFIZER INC
 
 301,900 SHARES
 
6,394,366

 
9,247,197

 
 
PG&E CORP
 
 81,200 SHARES
 
3,439,241

 
3,270,736

 
 
PHILLIPS VAN HEUSEN CORP
 
 23,365 SHARES
 
2,390,453

 
3,178,107

 
 
PIER 1 IMPORTS INC
 
 110,545 SHARES
 
1,985,935

 
2,551,379

 
 
PINNACLE ENTERTAINMENT INC
 
 136,209 SHARES
 
1,584,130

 
3,540,072

 
 
PINNACLE FINANCIAL PARTNERS
 
 76,520 SHARES
 
1,872,341

 
2,489,196

 
 
PNC FINANCIAL SERVICES GRP
 
 34,100 SHARES
 
2,024,690

 
2,645,478

 
 
POLYPORE INTL INC
 
 39,791 SHARES
 
1,448,569

 
1,547,870

 
 
POSTNL
 
 545,903 SHARES
 
4,770,766

 
3,121,742

 
 
POWER INTEGRATIONS INC
 
 80,563 SHARES
 
2,558,804

 
4,497,027

 
 
PRECISION CASTPARTS CORP
 
 9,610 SHARES
 
1,846,214

 
2,587,973

 
 
PREMIER INC
 
 44,756 SHARES
 
1,375,906

 
1,645,231

 
 
PRICELINE.COM INC
 
 5,850 SHARES
 
3,318,942

 
6,800,040

 
 
PROCTER & GAMBLE CO
 
 64,200 SHARES
 
3,963,495

 
5,226,522

 
 
PROGRESSIVE CORP
 
 276,030 SHARES
 
4,861,722

 
7,527,338

 
 
PROSPERITY BANCSHARES INC
 
 65,620 SHARES
 
2,717,088

 
4,159,652

 
 
PROTECTIVE LIFE CORP
 
 283,623 SHARES
 
7,509,762

 
14,368,341

 
 
QLIK TECHNOLOGIES INC
 
 83,238 SHARES
 
2,043,150

 
2,216,628

 
 
RALLY SOFTWARE DEV CORP
 
 89,834 SHARES
 
2,263,472

 
1,747,271

 
 
RALPH LAUREN CORP
 
 15,240 SHARES
 
2,405,313

 
2,690,927

 
 
RAYMOND JAMES FINANCIAL INC
 
 156,695 SHARES
 
4,352,644

 
8,177,912

 
 
RAYTHEON CO
 
 34,800 SHARES
 
1,638,644

 
3,156,360

 
 
RBC BEARINGS INC
 
 29,016 SHARES
 
853,814

 
2,052,882

 
 
REALPAGE INC
 
 102,986 SHARES
 
2,283,907

 
2,407,813

 
 
REED ELSEVIER NV
 
 497,947 SHARES
 
6,827,896

 
10,566,649

 
 
REGENERON PHARMACEUTICALS INC
 
 12,080 SHARES
 
2,084,813

 
3,324,899

 
 
REINSURANCE GRP OF AMERICA
 
 88,065 SHARES
 
5,066,473

 
6,817,112

 
 
RELIANCE STEEL & ALUMINIUM
 
 25,182 SHARES
 
1,306,670

 
1,909,803

 
 
RENAISSANCERE HLDGS
 
 70,697 SHARES
 
6,538,778

 
6,881,646

 
 
RESTORATION HARDWARE HLDGS INC
 
 13,346 SHARES
 
833,527

 
898,186

 
 
REXAM
 
 418,557 SHARES
 
2,443,035

 
3,677,612

 
 
REXNORD CORP
 
 31,433 SHARES
 
507,778

 
849,005

 
 
RIO TINTO
 
 55,707 SHARES
 
2,635,162

 
3,145,766

 
 
ROADRUNNER TRANSPRTN SYSTEMS
 
 56,005 SHARES
 
1,405,893

 
1,509,335

 
 
ROCHE HLDG
 
 22,463 SHARES
 
3,418,451

 
6,294,237

 
 
ROCK-TENN CO
 
 155 SHARES
 

 
16,277


26

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
 
ROLLS-ROYCE HLDGS
 
 14,377,620 SHARES
 
1,471,617

 
3,513,365

 
 
ROSETTA RESOURCES INC
 
 94,444 SHARES
 
3,931,086

 
4,537,090

 
 
ROSS STORES INC
 
 54,500 SHARES
 
4,121,831

 
4,083,685

 
 
ROYAL DUTCH SHELL
 
 209,480 SHARES
 
8,384,515

 
8,938,318

 
 
RYANAIR HLDGS
 
 24,500 SHARES
 
661,908

 
1,149,785

 
 
SAFRAN S.A.
 
 240,425 SHARES
 
2,676,337

 
4,144,927

 
 
SAGENT PHARMACEUTICALS INC
 
 27,856 SHARES
 
616,638

 
706,985

 
 
SALESFORCE.COM INC
 
 88,370 SHARES
 
3,631,919

 
4,877,140

 
 
SANOFI
 
 88,300 SHARES
 
7,374,544

 
9,383,421

 
 
SAP
 
 45,454 SHARES
 
2,725,395

 
3,902,683

 
 
SBA COMMUNICATIONS
 
 16,182 SHARES
 
423,086

 
1,453,791

 
 
SCHWAB(CHARLES)CORP
 
 118,350 SHARES
 
1,569,369

 
3,077,100

 
 
SCOTTS MIRACLE-GRO CO
 
 89,990 SHARES
 
4,162,706

 
5,599,178

 
 
SEALED AIR CORP
 
 281,490 SHARES
 
5,276,446

 
9,584,734

 
 
SEMBCORP INDUSTRIES
 
 550,000 SHARES
 
2,243,176

 
2,391,494

 
 
SEMBCORP MARINE
 
 764,000 SHARES
 
3,063,168

 
2,692,698

 
 
SEMGRP CORP
 
 61,038 SHARES
 
2,915,150

 
3,981,509

 
 
SEMTECH CORP
 
 80,244 SHARES
 
2,727,031

 
2,028,568

 
 
SERVICENOW INC
 
 44,325 SHARES
 
1,312,587

 
2,482,643

 
 
SHERWIN-WILLIAMS CO
 
 20,155 SHARES
 
3,525,820

 
3,698,442

 
 
SHIN-ETSU CHEMICAL CO
 
 106,900 SHARES
 
5,967,907

 
6,244,860

 
 
SIEMENS
 
 63,559 SHARES
 
6,635,238

 
8,695,930

 
 
SIGNATURE BANK
 
 32,761 SHARES
 
2,273,749

 
3,519,187

 
 
SIRIUS XM HOLDINGS INC
 
 972,065 SHARES
 
2,016,677

 
3,392,507

 
 
SK TELECOM
 
 202,791 SHARES
 
4,171,859

 
4,992,714

 
 
SKANDINAVISKA ENSKILDA BANKEN
 
 357,412 SHARES
 
3,136,188

 
4,719,045

 
 
SLM CORP
 
 99,300 SHARES
 
1,239,981

 
2,609,604

 
 
SMURFIT KAPPA GRP
 
 90,238 SHARES
 
1,745,476

 
2,220,774

 
 
SNAP-ON INC
 
 85,305 SHARES
 
3,275,111

 
9,342,604

 
 
SODASTREAM INTL LTD
 
 39,701 SHARES
 
2,378,848

 
1,970,758

 
 
SOLARWINDS INC
 
 61,052 SHARES
 
2,161,840

 
2,309,597

 
 
SONOCO PRODUCTS CO
 
 164,841 SHARES
 
5,750,194

 
6,877,167

 
 
SOUTHWEST AIRLINES CO
 
 358,600 SHARES
 
3,913,221

 
6,756,024

 
 
SPECTRA ENERGY CORP
 
 71,000 SHARES
 
1,531,847

 
2,529,020

 
 
SPIRIT AIRLINES INC
 
 86,991 SHARES
 
2,670,652

 
3,950,261

 
 
SPLUNK INC
 
 1,425 SHARES
 
45,153

 
97,855

 
 
ST JOE CO
 
 64,450 SHARES
 
1,785,627

 
1,236,796

 
 
STARWOOD HTLS WRLD PAIRED
 
 63,410 SHARES
 
3,631,765

 
5,037,925

 
 
STIFEL FINANCIAL CORP
 
 164,974 SHARES
 
6,351,975

 
7,905,554

 
 
SUMITOMO MITSUI FINCL GRP INC
 
 76,200 SHARES
 
3,254,208

 
3,929,442

 
 
SYMETRA FINANCIAL CORP
 
 223,327 SHARES
 
2,833,135

 
4,234,280

 
 
SYNOPSYS INC
 
 193,645 SHARES
 
4,630,460

 
7,856,178

 
 
TANDEM DIABETES CARE INC
 
 45,655 SHARES
 
939,210

 
1,176,529

 
 
TARGA RESOURCES CORP
 
 50,579 SHARES
 
2,470,543

 
4,459,550

 
 
TE CONNECTIVITY LTD
 
 46,500 SHARES
 
1,501,556

 
2,562,615

 
 
TEAM HEALTH HLDGS INC
 
 21,346 SHARES
 
548,446

 
972,310

 
 
TECHNIP
 
 54,374 SHARES
 
4,955,044

 
5,234,236

 
 
TECNICAS REUNIDAS
 
 63,854 SHARES
 
3,375,531

 
3,474,191

 
 
TELEDYNE TECHNOLOGIES INC
 
 9,323 SHARES
 
404,450

 
856,411

 
 
TEREX CORP
 
 44,185 SHARES
 
1,518,666

 
1,855,328

 
 
TESCO
 
 726,099 SHARES
 
4,033,648

 
4,020,898

 
 
TEXAS INSTRUMENTS INC
 
 61,550 SHARES
 
1,892,537

 
2,702,661


27

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
EQUITY SECURITIES (CONTINUED):
 
 
 
 
TEXAS ROADHOUSE
 
 103,944 SHARES
 
1,706,694

 
2,889,643

 
 
THERMO FISHER SCIENTIFIC INC
 
 49,050 SHARES
 
2,667,273

 
5,461,718

 
 
TIME WARNER CABLE INC
 
 40,650 SHARES
 
2,436,050

 
5,508,075

 
 
TIME WARNER INC
 
 153,305 SHARES
 
6,259,436

 
10,688,425

 
 
TJX COS INC
 
 295,650 SHARES
 
4,634,636

 
18,841,775

 
 
TOKYO ELECTRON
 
 6,600 SHARES
 
276,779

 
361,695

 
 
TOTAL S.A.
 
 87,192 SHARES
 
4,396,004

 
5,350,111

 
 
TOYOTA MOTOR CORP
 
 108,200 SHARES
 
4,264,907

 
6,609,048

 
 
TW TELECOM INC
 
 43,208 SHARES
 
837,423

 
1,316,548

 
 
TWENTY-FIRST CENTURY FOX INC
 
 178,355 SHARES
 
3,604,333

 
6,274,529

 
 
UBS
 
 409,249 SHARES
 
6,858,385

 
7,786,016

 
 
UNILEVER NV CVA
 
 79,308 SHARES
 
2,990,808

 
3,199,244

 
 
UNION PACIFIC CORP
 
 27,475 SHARES
 
1,792,897

 
4,615,800

 
 
UNITED NATURAL FOODS INC
 
 23,403 SHARES
 
884,881

 
1,764,352

 
 
UNITED TECHNOLOGIES CORP
 
 48,750 SHARES
 
3,902,779

 
5,547,750

 
 
URS CORP
 
 112,150 SHARES
 
3,874,301

 
5,942,829

 
 
US BANCORP DELAWARE
 
 233,400 SHARES
 
6,144,506

 
9,429,360

 
 
VAIL RESORTS INC
 
 54,446 SHARES
 
2,205,538

 
4,095,973

 
 
VALIDUS HOLDING LTD
 
 61,719 SHARES
 
1,847,985

 
2,486,659

 
 
VALSPAR CORP
 
 180,030 SHARES
 
5,220,468

 
12,834,339

 
 
VERTEX PHARMACEUTICAL
 
 21,840 SHARES
 
1,752,093

 
1,622,712

 
 
VISA INC
 
 24,940 SHARES
 
3,398,685

 
5,553,639

 
 
VITACOST.COM INC
 
 122,297 SHARES
 
1,000,848

 
708,100

 
 
VODAFONE GRP
 
 1,849,096 SHARES
 
4,650,354

 
7,258,280

 
 
VULCAN MATERIALS CO
 
 32,600 SHARES
 
1,437,807

 
1,937,092

 
 
WADDELL & REED FINANCIAL INC
 
 65,122 SHARES
 
2,252,851

 
4,240,745

 
 
WAL-MART STORES INC
 
 29,100 SHARES
 
1,621,842

 
2,289,879

 
 
WALT DISNEY(HLDG)CO
 
 87,140 SHARES
 
3,802,626

 
6,657,496

 
 
WATCHIT TECHNOLOGIES INC
 
 50,397 SHARES
 

 
5

 
 
WEBMD HEALTH CORP
 
 22,373 SHARES
 
846,534

 
883,734

 
 
WELLS FARGO & CO
 
 76,350 SHARES
 
2,265,642

 
3,466,290

 
 
WEST CORP
 
 78,357 SHARES
 
1,592,761

 
2,014,558

 
 
WESTERN REFINING INC
 
 34,649 SHARES
 
1,383,076

 
1,469,464

 
 
WESTERN UNION COMPANY
 
 120,200 SHARES
 
1,782,809

 
2,073,450

 
 
WEYERHAEUSER CO
 
 147,550 SHARES
 
3,580,359

 
4,658,153

 
 
WHITE MOUNTAINS INSURANCE GRP
 
 8,403 SHARES
 
2,965,794

 
5,067,681

 
 
WHITING PETROLEUM CORP
 
 104,100 SHARES
 
5,934,836

 
6,440,667

 
 
WINTRUST FINANCIAL CORP
 
 60,448 SHARES
 
2,251,172

 
2,787,862

 
 
WW OIL AND GAS INC
 
 284 SHARES
 

 
2

 
 
WYNDHAM WORLDWIDE
 
 46,615 SHARES
 
2,767,626

 
3,435,059

 
 
WYNN RESORTS
 
 24,585 SHARES
 
3,251,784

 
4,774,653

 
 
XILINX INC
 
 215,875 SHARES
 
6,515,435

 
9,912,980

 
 
XL GRP PLC
 
 102,022 SHARES
 
2,369,526

 
3,248,380

 
 
YUE YUEN INDUSTRIAL HLDGS
 
 437,500 SHARES
 
906,449

 
1,461,390

 
 
YUM BRANDS INC
 
 44,195 SHARES
 
3,029,803

 
3,341,584

 
 
ZURICH INS GROUP LTD
 
 16,101 SHARES
 
3,302,383

 
4,679,944

 
 
TOTAL EQUITY SECURITIES
 
3,360,232,581

 
4,884,966,018

SYNTHETIC GUARANTEED INVESTMENT CONTRACTS:
 
 

 
 

*
 
JPMAM/AIG
 
 747,808,003 SHARES
 
747,808,003

 
750,140,944

*
 
JPMAM/ING GIC
 
 350,099,828 SHARES
 
350,099,828

 
350,032,459

*
 
JPMAM/PRUD'L WRAP CONTRACT
 
 756,987,234 SHARES
 
756,987,234

 
754,530,654


28

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
SYNTHETIC GUARANTEED INVESTMETN CONTRACTS (CONTINUED):
 
 
 
 
JPMAM/STATE STREET BANK
 
 347,882,702 SHARES
 
347,882,702

 
347,727,094

 
 
TOTAL SYNTHETIC GUARANTEED INVESTMENT CONTRACTS
 
2,202,777,767

 
2,202,431,151

REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS):
 
 

 
 

*
 
JPM MID CAP GROWTH FD
 
 18,650,948 UNITS
 
360,110,528

 
521,293,989

*
 
JPM TR I SMALL CAP CORE FD
 
 10,614,880 UNITS
 
423,826,551

 
587,533,600

*
 
JPM TR II CORE BD FD
 
 31,368,690 UNITS
 
350,457,049

 
360,112,563

 
 
PIMCO FDS PAC INVT MGMT
 
 556,525 UNITS
 
5,831,497

 
6,667,177

 
 
TOTAL REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS)
 
1,140,225,625

 
1,475,607,329

CORPORATE DEBT SECURITIES:
 
 

 
 

 
 
ABBOT LABORATORIES CORP
 
 0.12% 04/FEB/2014 8,000,000
 
7,999,320

 
7,999,743

 
 
ABC SUPPLY CO INC
 
 5.625% 15/APR/2021 1,578,000
 
1,582,922

 
1,585,890

 
 
ABN AMRO BANK
 
 3% 31/JAN/2014 2,000,000
 
2,003,636

 
2,003,816

 
 
ABN AMRO BANK
 
 VAR 30/JAN/2014 3,900,000
 
3,904,463

 
3,904,906

 
 
ACCESS MIDSTREAM PARTNERS LP
 
 4.875% 15/MAY/2023 2,403,000
 
2,376,247

 
2,318,895

 
 
ACTIVISION BLIZZARD
 
 5.625% 15/SEP/2021 2,500,000
 
2,528,125

 
2,587,500

 
 
ADS TACTICAL INC
 
 11.00% 01/APR/2018 2,321,000
 
2,571,958

 
2,158,530

 
 
AES CORP
 
 8.00% 01/JUN/2020 1,620,000
 
1,720,450

 
1,895,400

 
 
AES CORP
 
 8.00% 15/OCT/2017 71,000
 
65,675

 
83,425

 
 
AES CORP
 
 7.75% 15/OCT/2015 326,000
 
299,920

 
360,230

 
 
ALLEGION US HOLDING CO INC
 
 5.75% 01/OCT/2021 786,000
 
796,892

 
817,440

 
 
ALLIANCE DATA SYSTEM
 
 6.375% 01/APR/2020 1,845,000
 
1,845,000

 
1,932,637

 
 
ALLISON TRANS
 
 7.125% 15/MAY/2019 822,000
 
814,260

 
885,705

 
 
ALLY AUTO RECBL
 
 2.09% 15/MAY/2015 2,573,330
 
2,582,373

 
2,578,170

 
 
ALLY AUTO RECBL
 
 0.74% 15/MAY/2015 2,660,530
 
2,665,103

 
2,665,136

 
 
ALLY AUTO RECBL
 
 1.750% 15/MAR/2016 735,120
 
739,424

 
738,904

 
 
ALLY AUTO RECBL
 
 0.970% 17/AUG/2015 984,475
 
986,107

 
985,204

 
 
ALLY AUTO RECBL
 
 0.990% 15/NOV/2015 221,682
 
222,069

 
222,121

 
 
ALLY AUTO RECBL
 
 0.48% 15/MAY/2015 832,003
 
832,250

 
832,150

 
 
ALLY FINANCIAL INC
 
 8% 31/DEC/2018 65,000
 
24,587

 
76,700

 
 
ALLY FINANCIAL INC
 
 8.0% 15/MAR/2020 5,008,000
 
5,325,243

 
6,003,340

 
 
ALLY FINANCIAL INC
 
 7.5% 15/SEP/2020 1,296,000
 
1,381,438

 
1,509,840

 
 
ALLY FINL INC
 
 VAR 11/FEB/2014 900,000
 
900,000

 
902,160

 
 
ALPHA NATURAL RESOURCES
 
 6.0% 01/JUN/2019 119,000
 
102,340

 
102,637

 
 
ALPHA NATURAL RESOURCES
 
 6.25% 01/JUN/2021 724,000
 
624,089

 
619,020

 
 
ALPHA NATURAL RESOURCES
 
 9.75% 15/APR/2018 753,000
 
756,104

 
798,180

 
 
ALPHABET HOLDING CO INC
 
 7.75% 01/NOV/2017 756,000
 
773,010

 
779,625

 
 
AMC ENTERTAINME INC
 
 8.75% 01/JUN/2019 1,840,000
 
1,964,200

 
1,966,500

 
 
AMC ENTERTAINME INC
 
 9.75% 01/DEC/2020 97,000
 
99,182

 
110,944

 
 
AMC NETWORKS INC
 
 4.75% 15/DEC/2022 700,000
 
710,500

 
666,750

 
 
AMC NETWORKS INC
 
 7.75% 15/JUL/2021 3,671,000
 
3,908,458

 
4,129,875

 
 
AMER HONDA FIN CORP
 
 VAR 13/NOV/2014 3,800,000
 
3,800,000

 
3,803,371

 
 
AMERICAN AXLE & MFG INC
 
 6.625% 15/OCT/2022 409,000
 
412,067

 
430,472

 
 
AMERICAN AXLE & MFG INC
 
 5.125% 15/FEB/2019 755,000
 
760,347

 
775,762

 
 
AMERICAN EXPRESS CO
 
 VAR 01/SEP/2066 40,000
 
21,717

 
42,620

 
 
AMERICAN EXPRESS CO
 
 VAR 15/SEP/2016 8,000,000
 
7,999,174

 
7,998,368

 
 
AMERICAN EXPRESS CO
 
 VAR 15/MAR/2017 1,100,000
 
1,113,064

 
1,108,247

 
 
AMERICAN HONDA FINANCE CORP
 
 ZCP 19/FEB/2014 8,000,000
 
7,999,020

 
7,998,855

 
 
AMERICAN HONDA FINANCE CORP
 
 0.46% 08/APR/2014 1,000,000
 
1,000,000

 
1,000,300

 
 
AMERICAN INTL GROUP
 
 5.45% 18/MAY/2017 2,000,000
 
1,692,927

 
2,235,440

 
 
AMERICAN RENAL HOLDINGS INC
 
 ZCP DEC/2021 1,882,000
 
1,853,770

 
1,889,057

 
 
AMERICREDIT AUTO
 
 0.49% 08/JUN/2016 358,788
 
358,779

 
358,632

 
 
AMERICREDIT AUTO
 
 1.17% 09/MAY/2016 769,455
 
773,125

 
770,516


29

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
AMERICREDIT AUTO
 
 1.05% 11/OCT/2016 1,000,000
 
1,003,660

 
1,002,987

 
 
AMERICREDIT AUTO
 
 0.49% 08/APR/2016 883,429
 
883,080

 
883,162

 
 
AMSTED INDUSTRIES
 
 8.125% 15/MAR/2018 1,490,000
 
1,592,712

 
1,570,087

 
 
AMSURG CORP
 
 5.625% 30/NOV/2020 540,000
 
545,400

 
561,600

 
 
ANCESTRY.COM INC
 
 9.625% 15/OCT/2018 833,000
 
824,670

 
862,155

 
 
AOL TIME WARNER INC
 
 7.625% 15/APR/2031 84,000
 
85,995

 
106,308

 
 
AOL TIME WARNER INC
 
 7.7% 01/MAY/2032 670,000
 
691,737

 
860,261

 
 
APX GROUP INC
 
 6.375% 01/DEC/2019 2,627,000
 
2,627,000

 
2,666,405

 
 
APX GROUP INC
 
 8.75% 01/DEC/2020 2,285,000
 
2,302,570

 
2,330,700

 
 
APX GROUP INC
 
 8.75% 01/DEC/2020 295,000
 
299,425

 
300,162

 
 
ARAMARK CORP
 
 5.75% 15/MAR/2020 887,000
 
907,785

 
926,915

 
 
ARCELORMITTAL
 
 5.5% 01/MAR/2021 1,535,000
 
1,563,487

 
1,627,100

 
 
ARCELORMITTAL
 
 VAR 25/FEB/2022 1,167,000
 
1,166,807

 
1,269,112

 
 
ARCH COAL, INC
 
 7.25% 15/JUN/2021 256,000
 
203,411

 
195,840

 
 
ARCH COAL, INC
 
 8.00% 15/JAN/2019 1,735,000
 
1,744,430

 
1,730,662

 
 
ARCH COAL, INC
 
 9.875% 15/JUN/2019 1,252,000
 
1,201,094

 
1,114,280

 
 
ARCH COAL, INC
 
 ZCP MAY/2018 1,909,000
 
1,876,338

 
1,887,132

 
 
A-S CO-ISSUER SUBS
 
 7.88% 15/DEC/2020 1,012,000
 
1,022,320

 
1,062,600

 
 
ASHTEAD CAPITAL INC
 
 6.5% 15/JUL/2022 750,000
 
798,750

 
799,687

 
 
ASURION, LLC
 
 ZCP MAR/2019 4,348,080
 
4,306,200

 
4,353,689

 
 
ATHLON HLDNGS LP
 
 7.38% 15/APR/2021 2,029,000
 
2,042,535

 
2,130,450

 
 
ATWOOD OCEANICS
 
 6.5% 01/FEB/2020 3,911,000
 
4,020,539

 
4,174,992

 
 
AUDATEX NORTH AMERICA INC
 
 6% 15/JUN/2021 556,000
 
565,730

 
582,410

 
 
AUDATEX NORTH AMERICA INC
 
 6.125% 01/NOV/2023 556,000
 
556,000

 
572,680

 
 
AURORA USA OIL & GAS INC
 
 7.5% 01/APR/2020 2,018,000
 
2,049,599

 
2,078,540

 
 
AUTONATION INC
 
 5.5% 01/FEB/2020 669,000
 
669,000

 
718,339

 
 
AVIS BUDGET CAR RENT LLC
 
 9.750% 15/MAR/2020 1,807,000
 
1,826,507

 
2,118,707

 
 
B & G FOODS INC
 
 4.625% 01/JUN/2021 1,948,000
 
1,964,212

 
1,870,080

 
 
BANCO SANTANDER BRAZIL
 
 VAR 18/MAR/2014 2,900,000
 
2,900,000

 
2,900,209

 
 
BANCO SANTANDER CHILE
 
 ZCP 16/JUN/2014 1,900,000
 
1,895,795

 
1,897,382

 
 
BANK OF AMERICA CORP
 
 5.75% 01/DEC/2017 3,100,000
 
2,940,939

 
3,528,150

 
 
BANK OF CHINA LTD
 
 ZCP 26/MAR/2014 1,250,000
 
1,248,075

 
1,249,425

 
 
BANK OF CHINA LTD
 
 0.68% 28/FEB/2014 750,000
 
749,275

 
749,794

 
 
BANK OF CHINA LTD
 
 ZCP 30/APR/2014 1,000,000
 
997,950

 
999,200

 
 
BANK OF MONTREAL
 
 VAR 19/MAR/2014 1,000,000
 
1,000,000

 
1,000,498

 
 
BANK OF MONTREAL
 
 VAR 24/JUL/2014 3,000,000
 
3,000,000

 
3,003,441

 
 
BANK OF NOVA SCOTIA
 
 VAR 27/MAR/2014 1,100,000
 
1,099,974

 
1,100,718

 
 
BANK OF NOVA SCOTIA
 
 VAR 03/JAN/2014 4,000,000
 
3,999,989

 
4,000,000

 
 
BANK OF NY MELLON CORP
 
 4.3% 15/MAY/2014 3,081,000
 
3,127,633

 
3,125,601

 
 
BARCLAYS BANK PLC
 
 0.53% 5/DEC/2014 1,500,000
 
1,500,000

 
1,500,701

 
 
BARCLAYS BANK PLC
 
 0.57% 29/OCT/2014 3,000,000
 
3,000,000

 
3,003,752

 
 
BARCLAYS BANK PLC
 
 0.75% 14/FEB/2014 1,000,000
 
1,000,000

 
1,000,749

 
 
BEAZER HOMES USA INC
 
 9.13% 15/MAY/2019 119,000
 
120,785

 
127,330

 
 
BEVERAGE PACKAGING HOLDINGS
 
 6% 15/JUN/2017 246,000
 
246,000

 
249,075

 
 
BIOMET INC
 
 6.5% 01/OCT/2020 770,000
 
787,040

 
793,100

 
 
BIOMET INC
 
 6.5% 01/AUG/2020 2,014,000
 
2,069,873

 
2,114,700

 
 
BK OF AMERICA CORP
 
 ZCP 15/JUN/2016 6,686,924
 
6,699,118

 
6,702,285

 
 
BK OF SCOTLAND PLC
 
 5.25% 21/FEB/2017 210,000
 
203,373

 
234,219

 
 
BLUE COAT SYSTEMS, INC
 
 ZCP JUN/2020 1,547,000
 
1,537,497

 
1,577,940

 
 
BMW VEHICLE LEASE TR
 
 0.4% 20/JAN/2015 1,232,457
 
1,231,968

 
1,232,248

 
 
BMW VEHICLE LEASE TR
 
 0.75% 20/FEB/2015 2,008,949
 
2,011,762

 
2,010,263

 
 
BMW VEHICLE LEASE TR
 
 0.76% 25/AUG/2015 4,564,922
 
4,571,274

 
4,569,592


30

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
BNK OF TKYO-MTBSHI
 
 0.40% 07/MAR/2014 2,000,000
 
2,000,000

 
2,000,694

 
 
BNK OF TKYO-MTBSHI
 
 0.42% 11/FEB/2014 2,000,000
 
2,000,000

 
2,000,535

 
 
BNK OF TKYO-MTBSHI
 
 0.39% 13/MAY/2014 2,000,000
 
2,000,000

 
2,001,103

 
 
BNP PARIBAS NY BANCH
 
 0.65% 03/JUN/2014 2,000,000
 
2,000,000

 
2,002,895

 
 
BNP PARIBAS NY BANCH
 
 0.69% 17/APR/2014 2,000,000
 
2,000,000

 
2,002,547

 
 
BNP PARIBAS NY BANCH
 
 0.56% 04/DEC/2014 2,000,000
 
2,000,000

 
2,000,183

 
 
BOMBARDIER INC
 
 6.13% 15/JAN/2023 738,000
 
819,069

 
732,465

 
 
BOTTLING GROUP
 
 6.95% 15/MAR/2014 2,455,000
 
2,487,051

 
2,486,922

 
 
BOYD GAMING CORP
 
 9% 01/JUL/2020 229,000
 
237,017

 
250,755

 
 
BP CAPITAL MARKETS
 
 FLT 07/MAY/2015 1,000,000
 
1,000,000

 
1,000,931

 
 
BPCE CORP
 
 0.27% 10/FEB/2014 1,000,000
 
999,756

 
999,844

 
 
BRICKMAN GROUP HOLDINGS, INC
 
 ZCP DEC/2021 306,000
 
304,470

 
313,555

 
 
BROOKFIELD RESIDENTIAL PPTYS INC
 
 6.125% 01/JUL/2022 497,000
 
496,584

 
499,485

 
 
BURLINGTON COAT FACT WH CORP
 
 10% 15/FEB/2019 1,208,000
 
1,238,634

 
1,360,510

 
 
BURLINGTON HOLDINGS LLC
 
 VAR 15/FEB/2018 275,000
 
274,880

 
281,875

 
 
CABLEVISION SYSTEMS CORP
 
 5.875% 15/SEP/2022 673,000
 
675,444

 
644,397

 
 
CAESARS ENT OPERATING CO
 
 8.5% 15/FEB/2020 907,000
 
912,434

 
872,987

 
 
CAESARS OPER ESCROW LLC
 
 9% 15/FEB/2020 2,014,000
 
1,941,381

 
1,958,615

 
 
CAISSE CENTRALE DJDNS CORP
 
 VAR 23/OCT/2014 4,000,000
 
3,999,880

 
3,999,520

 
 
CALPINE CORP
 
 7.5% 15/FEB/2021 1,711,000
 
1,742,302

 
1,867,129

 
 
CALPINE CORP
 
 6% 15/JAN/2022 121,000
 
120,024

 
124,025

 
 
CAPITAL ONE
 
 VAR 15/DEC/2016 12,015,000
 
12,025,996

 
12,017,127

 
 
CAPITAL ONE
 
 VAR 15/MAR/2017 4,650,000
 
4,657,731

 
4,651,934

 
 
CAPSUGEL SA
 
 7% 15/MAY/2019 469,000
 
469,000

 
477,794

 
 
CARDTRONICS INC
 
 8.25% 01/SEP/2018 1,480,000
 
1,579,900

 
1,591,000

 
 
CARMAX AUTO OWNER
 
 0.91% 15/DEC/2015 3,976,292
 
3,983,672

 
3,980,774

 
 
CARMAX AUTO OWNER
 
 1.41% 16/FEB/2016 2,308,543
 
2,320,008

 
2,321,701

 
 
CARMAX AUTO OWNER
 
 1.290% 15/SEP/2015 992,613
 
995,391

 
993,515

 
 
CARMAX AUTO OWNER
 
 0.640% 15/MAY/2015 98,266
 
98,335

 
98,272

 
 
CARRIZO OIL & GAS INC
 
 8.625% 15/OCT/2018 1,649,000
 
1,745,863

 
1,785,042

 
 
CASE NEW HOLLAND INC
 
 7.875% 01/DEC/2017 2,923,000
 
3,370,098

 
3,449,140

 
 
CATERPILLAR FINCL SERVICES CORP
 
 1.375% 20/MAY/2014 4,000,000
 
4,016,347

 
4,015,592

 
 
CCO HLDGS LLC
 
 6.625% 31/JAN/2022 631,000
 
640,595

 
649,930

 
 
CCO HLDGS LLC
 
 6.5% 30/APR/2021 1,840,000
 
1,849,700

 
1,890,600

 
 
CDW LLC
 
 8.5% 01/APR/2019 714,000
 
712,816

 
788,970

 
 
CEDAR FAIR LP
 
 5.25% 15/MAR/2021 2,530,000
 
2,533,087

 
2,498,375

 
 
CELANESE US HLDGS LLC
 
 5.875% 15/JUN/2021 1,027,000
 
1,101,802

 
1,093,755

 
 
CENTERPOINT ENERGY TRANS BD CO
 
 5.09% 01/AUG/2015 4,112,967
 
4,176,253

 
4,128,827

 
 
CENTURYLINK INC
 
 5.625% 01/APR/2020 535,000
 
541,687

 
544,362

 
 
CENTURYLINK INC
 
 6.45% 15/JUN/2021 4,056,000
 
4,222,135

 
4,218,240

 
 
CENTURYLINK INC
 
 6.75% 01/DEC/2023 714,000
 
714,000

 
722,925

 
 
CEQUEL COMMUN HLDG
 
 6.375% 15/SEP/2020 2,655,000
 
2,779,071

 
2,721,375

 
 
CHESAPEAKE ENERGY CORP
 
 5.75% 15/MAR/2023 1,656,000
 
1,695,866

 
1,705,680

 
 
CHESAPEAKE ENERGY CORP
 
 6.125% 15/FEB/2021 1,000,000
 
1,027,500

 
1,072,500

 
 
CHESAPEAKE ENERGY CORP
 
 6.625% 15/AUG/2020 3,716,000
 
3,824,984

 
4,152,630

 
 
CHESAPEAKE ENERGY CORP
 
 6.875% 15/NOV/2020 250,000
 
270,000

 
282,500

 
 
CHESAPEAKE ENERGY CORP
 
 7.25% 15/DEC/2018 750,000
 
826,875

 
866,250

 
 
CHINA CONSTRUCTION BANK CORP
 
 0.50% 04/MAR/2014 2,100,000
 
2,100,067

 
2,100,992

 
 
CHINA CONSTRUCTION BK
 
 0.65% 01/APR/2014 2,300,000
 
2,300,000

 
2,302,205

 
 
CHINOS INTERMEDIATE HOLDINGS INC
 
 7.75% 01/MAY/2019 811,000
 
811,610

 
829,247

 
 
CHOICE HOTELS INT'L INC
 
 5.75% 01/JUL/2022 856,000
 
871,730

 
893,450

 
 
CHRYSLER GROUP LLC
 
 8% 15/JUN/2019 530,000
 
522,311

 
585,650


31

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
CHRYSLER GROUP LLC
 
 8.25% 15/JUN/2021 924,000
 
894,883

 
1,051,050

 
 
COMMUNITY HEALTH SYSTEMS INC
 
 5.125% 15/AUG/2018 1,385,000
 
1,449,825

 
1,430,012

 
 
COMMUNITY HEALTH SYSTEMS INC
 
 8% 15/NOV/2019 1,223,000
 
1,234,140

 
1,326,955

 
 
CIE FINANCEMENT FONCIER
 
 2.5% 16/SEP/2015 5,000,000
 
4,983,450

 
5,143,045

 
 
CINEMARK USA INC
 
 4.875% 01/JUN/2023 421,000
 
388,899

 
395,740

 
 
CISCO SYSTEMS INC
 
 1.625% 14/MAR/2014 3,000,000
 
3,008,415

 
3,007,626

 
 
CIT GROUP INC
 
 5% 15/AUG/2022 979,000
 
979,000

 
954,525

 
 
CIT GROUP INC
 
 5% 01/AUG/2023 735,000
 
728,569

 
707,437

 
 
CIT GROUP INC
 
 5.25% 15/MAR/2018 1,018,000
 
1,018,000

 
1,091,805

 
 
CIT GROUP INC
 
 5.375% 15/MAY/2020 615,000
 
673,425

 
653,437

 
 
CIT GROUP INC
 
 5.5% 15/FEB/2019 3,000,000
 
3,011,250

 
3,217,500

 
 
CIT GROUP INC
 
 6.625% 01/APR/2018 405,000
 
422,212

 
455,119

 
 
CITIBANK CREDIT CARD ISSUANCE TR
 
 FLT 07/FEB/2018 2,000,000
 
2,000,000

 
2,000,552

 
 
CITIBANK CREDIT CARD ISSUANCE TR
 
 FLT 07/NOV/2018 3,500,000
 
3,500,000

 
3,500,000

 
 
CITIBANK CREDIT CARD ISSUANCE TR
 
 VAR 25/NOV/2016 2,500,000
 
2,500,000

 
2,500,000

 
 
CITIBANK CREDIT CARD ISSUANCE TR
 
 FLT 12/DEC/2016 825,000
 
824,728

 
825,236

 
 
CITIBANK CREDIT CARD ISSUANCE TR
 
 4.90% 23/JUN/2016 4,000,000
 
4,092,278

 
4,085,796

 
 
CITIGROUP INC
 
 6% 15/AUG/2017 2,900,000
 
2,642,306

 
3,305,304

 
 
CLAIRES STORES INC
 
 6.125% 15/MAR/2020 1,301,000
 
1,323,766

 
1,255,465

 
 
CLEAN HARBORS INC
 
 5.25% 01/AUG/2020 1,399,000
 
1,410,808

 
1,440,970

 
 
CLEAR CHANNEL COMM INC
 
 9% 01/MAR/2021 3,061,000
 
3,002,381

 
3,091,610

 
 
CLEAR CHANNEL WW HLDGS INC
 
 6.5% 15/NOV/2022 938,000
 
928,620

 
950,897

 
 
CLEAR CHANNEL WW HLDGS INC
 
 6.50% 15/NOV/2022 2,032,000
 
2,032,000

 
2,075,180

 
 
CLEAR CHANNEL WW HLDGS INC
 
 7.63% 15/MAR/2020 2,786,000
 
2,781,901

 
2,928,782

 
 
CME GROUP INC
 
 5.75% 15/FEB/2014 4,000,000
 
4,026,019

 
4,023,448

 
 
CNH CAPITAL LLC
 
 3.625% 15/APR/2018 1,333,000
 
1,346,107

 
1,351,329

 
 
CNH EQUIPMENT TR
 
 0.44% 15/JUL/2016 5,600,000
 
5,600,010

 
5,599,681

 
 
CNH EQUIPMENT TR
 
 1.2% 16/MAY/2016 1,122,918
 
1,124,915

 
1,123,750

 
 
CNH EQUIPMENT TR
 
 0.230% 16/JUN/2014 2,083,844
 
2,083,844

 
2,083,844

 
 
CNH EQUIPMENT TR
 
 0.440% 17/OCT/2016 700,000
 
699,995

 
699,866

 
 
CNH EQUIPMENT TR
 
 0.49% 15/MAR/2017 1,000,000
 
999,925

 
999,698

 
 
CNH EQUIPMENT TR
 
 0.65% 15/OCT/2015 130,075
 
130,069

 
130,089

 
 
COCA-COLA COMPANY CORP
 
 0.24% 14/FEB/2014 8,000,000
 
7,998,044

 
7,999,300

 
 
CODELCO INC
 
 4.75% 15/OCT/2014 223,000
 
208,082

 
229,179

 
 
COGECO CABLE INC
 
 4.875% 01/MAY/2020 369,000
 
369,000

 
356,085

 
 
COLUMBUS MCKINNON CORP
 
 7.875% 01/FEB/2019 960,000
 
988,800

 
1,034,400

 
 
CMMNWLTH BANK OF AUSTRALIA
 
 2.125% 17/MAR/2014 4,000,000
 
4,014,559

 
4,015,392

 
 
CMMNWLTH BANK OF AUSTRALIA
 
 VAR 17/MAR/2014 2,200,000
 
2,203,292

 
2,204,129

 
 
COMSTOCK RES INC
 
 9.5% 15/JUN/2020 2,653,000
 
2,605,974

 
2,971,360

 
 
CONCHO RESOURCES INC
 
 6.5% 15/JAN/2022 1,057,000
 
1,102,787

 
1,144,202

 
 
CONCHO RESOURCES INC
 
 5.5% 01/APR/2023 2,470,000
 
2,593,500

 
2,544,100

 
 
CONCHO RESOURCES INC
 
 7.0% 15/JAN/2021 920,000
 
991,300

 
1,012,000

 
 
CONOCO FUNDING CO
 
 7.25% 15/OCT/2031 3,000
 
3,276

 
3,874

 
 
CONTINENTAL RESOURCE INC
 
 4.5% 15/APR/2023 3,445,000
 
3,499,325

 
3,492,369

 
 
CONTINENTAL RESOURCE INC
 
 5.00% 15/SEP/2022 4,449,000
 
4,487,800

 
4,621,399

 
 
CONVATEC FINANCE
 
 8.25% 15/JAN/2019 1,050,000
 
1,055,250

 
1,074,937

 
 
CONVATEC HEALTHCARE
 
 10.5% 15/DEC/2018 1,845,000
 
1,928,025

 
2,073,319

 
 
CORRECTIONS CORP OF AMERICA
 
 4.625% 01/MAY/2023 1,120,000
 
1,058,400

 
1,055,600

 
 
CORSAIR(JERSEY)
 
 VAR 04/OCT/2014 769,000
 
768,786

 
768,933

 
 
CPM ACQUISITION CORP
 
 ZCP AUG/2017 1,425,950
 
1,411,690

 
1,434,862

 
 
CREDIT AGRICOLE HOME LOAN
 
 VAR 21/JUL/2014 7,200,000
 
7,200,000

 
7,221,722

 
 
CREDIT AGRICOLE N A
 
 0.43% 18/MAR/2014 4,000,000
 
3,996,453

 
3,998,400


32

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
CREDIT IND ET CM NY
 
 0.36% 24/FEB/2014 2,900,000
 
2,900,000

 
2,900,841

 
 
CREDIT SUISSE
 
 VAR 15/JAN/2015 2,000,000
 
2,000,000

 
2,002,686

 
 
CREDIT SUISSE
 
 VAR 15/MAY/2015 1,900,000
 
1,900,000

 
1,900,000

 
 
CROWN CASTLE INTL CORP
 
 5.25% 15/JAN/2023 1,876,000
 
1,902,735

 
1,838,480

 
 
CSC HOLDINGS INC
 
 8.625% 15/FEB/2019 1,380,000
 
1,581,550

 
1,618,050

 
 
CSC HOLDINGS INC
 
 6.75% 15/NOV/2021 1,231,000
 
1,311,654

 
1,326,402

 
 
CVS CAREMARK
 
 5.88% 10/JAN/2028 180,883
 
174,573

 
196,237

 
 
CVS CAREMARK CORP
 
 6.04% 10/DEC/2028 733,425
 
539,559

 
806,851

 
 
CYRUSONE INC
 
 6.375% 15/NOV/2022 2,051,000
 
2,087,107

 
2,122,785

 
 
DANA HOLDING CORP
 
 6.75% 15/FEB/2021 1,920,000
 
1,945,271

 
2,064,000

 
 
DARLING ESCROW CORP
 
 5.375% 15/JAN/2022 888,000
 
896,357

 
894,660

 
 
DAVITA HEALTHCARE
 
 5.75% 15/AUG/2022 2,625,000
 
2,640,235

 
2,657,812

 
 
DEUTSCHE BANK AG NY
 
 0.61% 06/JUN/2014 1,000,000
 
1,000,000

 
1,001,433

 
 
DEUTSCHE BANK AG NY
 
 0.63% 14/MAR/2014 3,000,000
 
3,000,000

 
3,002,547

 
 
DEUTSCHE BANK AG NY
 
 0.51% 17/SEP/2014 2,000,000
 
2,000,000

 
2,002,009

 
 
DIGITAL INSIGHT CORP
 
 ZCP AUG/2019 289,000
 
287,555

 
289,633

 
 
DIGITALGLOBE INC
 
 5.25% 01/FEB/2021 1,075,000
 
1,081,937

 
1,048,125

 
 
DISCOVER CARD
 
 VAR 15/MAR/2017 3,700,000
 
3,705,436

 
3,701,058

 
 
DISCOVER CARD
 
 VAR 17/OCT/2016 1,475,000
 
1,475,556

 
1,475,301

 
 
DISCOVER CARD
 
 VAR 15/AUG/2016 11,301,000
 
11,316,676

 
11,305,147

 
 
DISH DBS CORP
 
 5.875% 15/JUL/2022 450,000
 
459,594

 
450,000

 
 
DISH DBS CORP
 
 6.75% 01/JUN/2021 3,755,000
 
4,027,768

 
3,980,300

 
 
DISH DBS CORP
 
 7.875% 01/SEP/2019 113,000
 
123,876

 
129,385

 
 
DRYROCK ISSUANCE TR
 
 VAR 15/AUG/2017 2,000,000
 
2,000,847

 
1,998,500

 
 
DRYROCK ISSUANCE TR
 
 FLT 16/JUL/2018 1,500,000
 
1,500,738

 
1,499,742

 
 
DUKE ENERGY OHIO INC BOND
 
 VAR 06/MAR/2015 1,422,000
 
1,422,000

 
1,422,701

 
 
DUPONT FABROS TECHN LP
 
 5.875% 15/SEP/2021 579,000
 
579,000

 
597,817

 
 
DUPONT PERFORMANCE COATINGS
 
 ZCP JAN/2020 631,230
 
624,918

 
636,479

 
 
E TRADE FINANCIAL CORP
 
 6.375% 15/NOV/2019 1,213,000
 
1,213,000

 
1,302,459

 
 
EASTON-BELL SPORTS INC
 
 9.75% 01/DEC/2016 750,000
 
830,625

 
785,632

 
 
EL PASO CORP
 
 6.5% 15/SEP/2020 1,532,000
 
1,683,439

 
1,642,797

 
 
EL PASO CORP
 
 7% 15/JUN/2017 1,000,000
 
1,147,296

 
1,130,637

 
 
EL PASO CORP
 
 7.25% 01/JUN/2018 188,000
 
213,650

 
214,628

 
 
EL PASO CORP
 
 7.42% 15/FEB/2037 1,500,000
 
1,751,100

 
1,424,646

 
 
EL PASO CORP
 
 7.75% 15/JAN/2032 405,000
 
302,043

 
411,097

 
 
EL PASO CORP
 
 7.80% 01/AUG/2031 697,000
 
523,595

 
707,293

 
 
EL PASO NATURAL GAS
 
 7.5% 15/NOV/2026 74,000
 
88,028

 
89,771

 
 
EL PASO NATURAL GAS
 
 8.375% 15/JUN/2032 70,000
 
62,621

 
89,830

 
 
EL PASO NATURAL GAS
 
 8.625% 15/JAN/2022 204,000
 
267,525

 
256,188

 
 
ELECTRICITE DE FRANCE
 
 0.58% 02/JAN/2015 2,000,000
 
1,988,845

 
1,989,194

 
 
ELECTRICITE DE FRANCE
 
 0.82% 10/JAN/2014 1,950,000
 
1,949,609

 
1,949,931

 
 
ELECTRICITE DE FRANCE
 
 0.83% 15/JAN/2014 900,000
 
899,738

 
899,948

 
 
EMDEON INC
 
 11% 31/DEC/2019 1,060,000
 
1,076,691

 
1,224,300

 
 
EQUINIX INC
 
 4.88% 01/APR/2020 2,700,000
 
2,710,625

 
2,686,500

 
 
EQUINIX INC
 
 7.00% 15/JUL/2021 1,226,000
 
1,281,170

 
1,339,405

 
 
ESC LEHMAN BRTH HLD
 
 5.250% 06/FEB/2012 210,000
 
26,775

 
44,625

 
 
EVEREST ACQUISITION LLC
 
 7.75% 01/SEP/2022 475,000
 
534,050

 
532,000

 
 
EVEREST ACQUISITION LLC
 
 9.375% 01/MAY/2020 668,000
 
674,670

 
770,705

 
 
EXPORT DEVELMT CORP
 
 0.135% 19/FEB/2014 4,000,000
 
3,999,292

 
3,999,739

 
 
EXPORTFINANS A/S
 
 5.5% 25/MAY/2016 1,053,000
 
1,087,951

 
1,110,915

 
 
FIFTH THIRD AUTO TR
 
 0.45% 15/JAN/2016 965,191
 
965,137

 
964,947

 
 
FIRST DATA CORP
 
 7.375% 15/JUN/2019 2,642,000
 
2,635,430

 
2,820,335


33

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
FIRST DATA CORP
 
 12.63% 15/JAN/2021 2,745,000
 
2,770,910

 
3,221,944

 
 
FIRST DATA CORP
 
 8.25% 15/JAN/2021 1,903,000
 
1,963,582

 
2,024,316

 
 
FIRST DATA CORP
 
 11.75% 15/AUG/2021 1,290,000
 
1,290,000

 
1,360,950

 
 
FIRST DATA CORP
 
 11.75% 15/AUG/2021 838,000
 
867,330

 
884,090

 
 
FIRST DATA CORP
 
 6.75% 01/NOV/2020 1,243,000
 
1,232,969

 
1,292,720

 
 
FIRSTENERGY CORP
 
 7.375% 15/NOV/2031 1,108,000
 
1,057,529

 
1,203,935

 
 
FMG FUND MANAGERS(BERMUDA)
 
 7.0% 01/NOV/2015 123,000
 
126,382

 
127,612

 
 
FMG RESOURCES
 
 8.25% 01/NOV/2019 324,000
 
327,919

 
363,690

 
 
FMG RESOURCES
 
 6.875% 01/FEB/2018 2,022,000
 
2,085,174

 
2,128,155

 
 
FORD CREDIT AUTO
 
 1.58% 15/SEP/2015 3,499,234
 
3,514,056

 
3,512,737

 
 
FORD CREDIT AUTO
 
 0.4% 15/SEP/2015 1,539,080
 
1,539,175

 
1,539,264

 
 
FORD CREDIT AUTO
 
 0.47% 15/APR/2015 68,815
 
68,834

 
68,815

 
 
FORD CREDIT AUTO
 
 0.380% 15/NOV/2015 730,281
 
730,240

 
730,345

 
 
FORD CREDIT AUTO
 
 0.55% 15/APR/2016 1,750,000
 
1,749,995

 
1,750,711

 
 
FORD CREDIT AUTO
 
 0.45% 15/AUG/2016 2,000,000
 
1,999,808

 
1,999,730

 
 
FORD CREDIT AUTO
 
 0.38% 15/FEB/2016 1,542,631
 
1,542,535

 
1,542,280

 
 
FORD CREDIT FLOORPLAN
 
 VAR 15/FEB/2016 1,675,000
 
1,676,920

 
1,676,008

 
 
FORD CREDIT MASTER
 
 0.7118% 15/JAN/2016 2,700,000
 
2,701,248

 
2,700,248

 
 
FORD CREDIT OWNER TR
 
 1.65% 15/MAY/2016 3,069,735
 
3,087,923

 
3,088,347

 
 
FOUR SEASONS HOLDINGS INC
 
 ZCP JUN/2021 354,000
 
350,460

 
363,292

 
 
FREESCALE SEMICONDUCTOR INC
 
 6% 15/JAN/2022 1,800,000
 
1,806,750

 
1,822,500

 
 
FRESENIUS MED CARE CAP TST III
 
 5.625% 31/JUL/2019 485,000
 
485,000

 
523,800

 
 
FRONTIER COMM CORP
 
 7.125% 15/JAN/2023 1,335,000
 
1,358,362

 
1,318,312

 
 
FRONTIER COMM CORP
 
 8.25% 15/APR/2017 925,000
 
966,875

 
1,073,000

 
 
FRONTIER COMM CORP
 
 8.75% 15/APR/2022 1,050,000
 
1,068,097

 
1,165,500

 
 
FRONTIER COMM CORP
 
 9.25% 01/JUL/2021 874,000
 
1,013,842

 
1,007,285

 
 
GARDNER DENVER INC
 
 6.875% 15/AUG/2021 1,538,000
 
1,538,000

 
1,534,155

 
 
GARDNER DENVER INC
 
 ZCP MAR/2020 744,078
 
742,218

 
745,473

 
 
GATX FINL CORP
 
 5.8% 01/MAR/2016 1,000,000
 
996,290

 
1,083,396

 
 
GE CAPITAL CREDIT CARD
 
 VAR 15/JAN/2017 8,045,000
 
8,050,686

 
8,046,408

 
 
GENERAL ELEC
 
 4.75% 15/SEP/2014 700,000
 
720,227

 
721,937

 
 
GENERAL ELEC
 
 0.20% 25/MAR/2014 8,000,000
 
7,996,496

 
7,998,618

 
 
GENERAL MOTORS CO
 
 4.875% 02/OCT/2023 1,550,000
 
1,567,143

 
1,569,375

 
 
GIBRALTAR INDUSTRIES INC
 
 6.25% 01/FEB/2021 765,000
 
787,950

 
786,037

 
 
GLITNIR BANKI HF
 
 6.33% 28/JUL/2011 590,000
 
39,825

 
172,575

 
 
GLITNIR BANKI HF
 
 6.375% 25/SEP/2012 680,000
 
45,900

 
198,900

 
 
GLITNIR BANKI HF
 
 VAR 15/JUN/2016 1,060,000
 
106

 
1,325

 
 
GOLDEN CREDIT CARD TR
 
 VAR 17/JUL/2017 370,000
 
371,015

 
370,903

 
 
GOLDMAN SACHS GROUP INC
 
 5.625% 15/JAN/2017 910,000
 
776,207

 
1,002,764

 
 
GOLDMAN SACHS GROUP INC
 
 VAR 22/MAR/2016 4,300,000
 
2,964,850

 
4,285,247

 
 
GOODMAN NETWORKS INC
 
 12.125% 01/JUL/2018 874,000
 
896,927

 
922,070

 
 
GOODMAN NETWORKS INC
 
 12.125% 01/JUL/2018 704,000
 
739,200

 
742,720

 
 
GOOGLE INC
 
 0.205% 19/FEB/2014 8,000,000
 
7,998,802

 
7,999,478

 
 
GRAPHIC PACKAGING INTL INC
 
 4.75% 15/APR/2021 537,000
 
543,712

 
531,630

 
 
H&E EQUIPMENT SERVICES LLC
 
 7% 01/SEP/2022 183,000
 
198,555

 
199,470

 
 
HALCON RESOURCES CORP
 
 9.75% 15/JUL/2020 503,000
 
516,832

 
523,749

 
 
HARLEY DAVIDSON MTC TR
 
 0.960% 16/MAY/2016 2,374,553
 
2,378,430

 
2,377,245

 
 
HARLEY DAVIDSON MTC TR
 
 1.110% 15/SEP/2016 1,169,874
 
1,173,137

 
1,172,178

 
 
HARLEY DAVIDSON MTC TR
 
 0.45% 15/AUG/2016 3,886,386
 
3,886,337

 
3,886,553

 
 
HARLEY DAVIDSON MTC TR
 
 0.5% 15/AUG/2015 661,215
 
661,501

 
661,222

 
 
HCA INC
 
 4.75% 01/MAY/2023 1,880,000
 
1,863,990

 
1,767,200

 
 
HCA INC
 
 5.875% 01/MAY/2023 1,015,000
 
1,025,150

 
1,002,312


34

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
HCA INC
 
 6.25% 15/FEB/2021 468,000
 
492,703

 
489,645

 
 
HCA INC
 
 6.5% 15/FEB/2020 3,015,000
 
3,131,719

 
3,312,731

 
 
HCA INC
 
 7.5% 15/FEB/2022 2,000,000
 
2,008,387

 
2,195,000

 
 
HD SUPPLY INC
 
 11.5% 15/JUN/2020 675,000
 
759,375

 
805,781

 
 
HD SUPPLY INC
 
 7.5% 15/JUL/2020 2,300,000
 
2,300,000

 
2,478,250

 
 
HERTZ CORP
 
 5.875% 15/OCT/2020 990,000
 
1,044,450

 
1,025,887

 
 
HERTZ CORP
 
 6.25% 15/OCT/2022 486,000
 
493,530

 
501,795

 
 
HERTZ CORP
 
 7.375% 15/JAN/2021 1,675,000
 
1,708,962

 
1,838,312

 
 
HILAND PARTNERS LP
 
 7.25% 01/OCT/2020 4,946,000
 
5,224,774

 
5,304,585

 
 
HILTON WORLDWIDE FINANCE LLC
 
 5.625% 15/OCT/2021 2,585,000
 
2,613,262

 
2,681,937

 
 
HOCKEY MERGER SUB 2 INC
 
 7.875% 01/OCT/2021 2,551,000
 
2,555,222

 
2,621,152

 
 
HOME EQUITY MORTGAGE
 
 VAR 25/APR/2037 1,500,000
 
332,001

 
948,039

 
 
HONDA AUTO RCVBL
 
 0.37% 17/11/2014 1,580,000
 
1,580,424

 
1,580,133

 
 
HONDA AUTO RCVBL
 
 0.88% 21/SEP/2015 3,862,409
 
3,870,358

 
3,870,868

 
 
HONDA AUTO RCVBL
 
 0.94% 18/MAR/2015 1,008,886
 
1,010,479

 
1,010,325

 
 
HONDA AUTO RCVBL
 
 0.460% 15/DEC/2014 149,728
 
149,800

 
149,743

 
 
HONDA AUTO RCVBL
 
 0.460% 15/DEC/2014 827,396
 
827,660

 
827,479

 
 
HONDA AUTO RCVBL
 
 0.240% 16/MAY/2014 69,466
 
69,447

 
69,466

 
 
HSBC BANK PLC
 
 VAR 17/JAN/2014 1,500,000
 
1,500,298

 
1,500,471

 
 
HSBC FINANCE CORP
 
 VAR 15/JAN/2014 6,500,000
 
6,380,270

 
6,500,065

 
 
HUGHES SATELLITE SYS CORP
 
 7.625% 15/JUN/2021 1,400,000
 
1,456,000

 
1,561,000

 
 
HUMAN INT'L
 
 4.875% 15/NOV/2020 595,000
 
599,462

 
586,075

 
 
HUMAN INT'L
 
 8.625% 15/MAR/2021 134,000
 
149,546

 
151,420

 
 
HUNTINGTON AUTO TR
 
 0.38% 15/SEP/2015 4,385,742
 
4,386,091

 
4,386,018

 
 
HUNTINGTON INGALLS INDSTRS INC
 
 6.875% 15/MAR/2018 760,000
 
792,300

 
820,800

 
 
HUNTINGTON INGALLS INDSTRS INC
 
 7.125% 15/MAR/2021 1,117,000
 
1,150,556

 
1,225,907

 
 
HUNTNGTN AT TR
 
 1.01% 15/JAN/2016 1,593,880
 
1,597,860

 
1,597,717

 
 
HYUNDAI AUTO LEASE
 
 0.51% 15/SEP/2015 1,435,088
 
1,435,256

 
1,435,407

 
 
HYUNDAI AUTO LEASE
 
 0.68% 15/JAN/2015 85,925
 
85,994

 
85,932

 
 
HYUNDAI AUTO LEASE
 
 0.92% 17/AUG/2015 1,120,000
 
1,122,712

 
1,122,447

 
 
HYUNDAI AUTO LEASE
 
 0.83% 15/DEC/2015 1,957,850
 
1,961,246

 
1,961,196

 
 
HYUNDAI AUTO LEASE
 
 0.4% 17/AUG/2015 1,307,183
 
1,307,569

 
1,307,061

 
 
HYUNDAI AUTO LEASE
 
 0.72% 15/MAR/2016 587,144
 
587,865

 
588,065

 
 
HYUNDAI AUTO LEASE
 
 0.40% 15/DEC/2015 1,810,994
 
1,810,975

 
1,811,090

 
 
HYUNDAI AUTO LEASE
 
 0.530% 15/MAR/2016 900,000
 
899,996

 
900,524

 
 
ICICI BANK
 
 2.0075% 24/FEB/2014 3,000,000
 
3,000,000

 
3,000,870

 
 
IMS HEALTH INC
 
 6.00% 01/NOV/2020 789,000
 
802,721

 
838,312

 
 
INDUSTRIAL CO
 
 0.77% 14/FEB/2014 4,000,000
 
4,000,000

 
4,002,896

 
 
ING BANK
 
 1.65288% 09/JUN/2014 900,000
 
900,000

 
904,882

 
 
INMET MINING CORP
 
 7.5% 01/JUN/2021 938,000
 
952,543

 
980,210

 
 
INMET MINING CORP
 
 8.75% 01/JUN/2020 2,446,000
 
2,412,368

 
2,653,910

 
 
INTEGRA TELECOM, INC
 
 ZCP 20/FEB/2019 661,295
 
654,682

 
673,637

 
 
INTELSAT JACKSON HLDGS SA
 
 5.5% 01/AUG/2023 833,000
 
833,000

 
792,391

 
 
INTELSAT JACKSON HLDGS SA
 
 7.25% 15/OCT/2020 1,930,000
 
1,966,275

 
2,110,937

 
 
INTELSAT JACKSON HLDGS SA
 
 7.5% 01/APR/2021 1,500,000
 
1,511,250

 
1,653,750

 
 
INTELSAT LUXEMBOURG SA
 
 7.75% 01/JUN/2021 267,000
 
283,020

 
286,357

 
 
INTELSAT LUXEMBOURG SA
 
 8.125% 01/JUN/2023 2,315,000
 
2,513,350

 
2,482,837

 
 
INTERFACE INC
 
 7.625% 01/DEC/2018 1,157,000
 
1,236,442

 
1,243,775

 
 
INTERLINE BRANDS INC
 
 7.5% 15/NOV/2018 2,019,000
 
2,089,041

 
2,140,140

 
 
INT'L BUS MACH CORP
 
 1.25% 12/MAY/2014 9,150,000
 
9,183,394

 
9,178,337

 
 
INT'L LEASE FINANCE CORP
 
 8.25% 15/DEC/2020 4,517,000
 
5,311,728

 
5,284,890

 
 
INTERSTATE BAKERIES CORP
 
 ZCP MAR/2020 768,000
 
771,073

 
796,800


35

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
INTL LEASE FINANCE
 
 4.625% 15/APR/2021 1,100,000
 
1,104,125

 
1,050,500

 
 
ION TRADING TECHNOLOGIES
 
 ZCP MAY/2021 2,015,013
 
2,015,457

 
2,054,064

 
 
JAGUAR HLDG CO II
 
 9.5% 01/DEC/2019 915,000
 
921,863

 
1,029,375

 
 
JAGUAR LAND ROVER
 
 4.125% 15/DEC/2018 1,060,000
 
1,063,975

 
1,066,625

 
 
JM HUBER CORP
 
 9.875% 01/NOV/2019 929,000
 
922,711

 
1,067,189

 
 
JMC STEEL GROUP
 
 8.25% 15/MAR/2018 1,099,000
 
1,147,443

 
1,109,990

 
 
JOHN DEERE
 
 VAR 25/APR/2014 2,000,000
 
2,000,824

 
2,001,008

 
 
JOHN DEERE
 
 VAR 03/MAR/2014 750,000
 
750,217

 
750,404

 
 
JOHN DEERE
 
 0.43% 17/FEB/2015 1,103,715
 
1,103,883

 
1,103,749

 
 
JOHN DEERE
 
 1.29% 15/JAN/2016 1,855,303
 
1,860,836

 
1,857,008

 
 
JOHN DEERE
 
 0.41% 15/SEP/2015 973,286
 
973,180

 
973,191

 
 
JOHN DEERE
 
 0.55% 15/JAN/2016 550,000
 
549,979

 
550,221

 
 
JOHN DEERE CAPITAL CORP
 
 0.25% 26/SEP/2014 1,169,186
 
1,169,186

 
1,169,186

 
 
KINETIC CONCEPTS INC
 
 10.50% NOV/2018 636,000
 
632,373

 
731,400

 
 
KODIAK OIL & GAS CORP
 
 8.125% 01/DEC/2019 1,739,000
 
1,795,794

 
1,930,290

 
 
KODIAK OIL & GAS CORP
 
 5.5% 01/FEB/2022 2,297,000
 
2,251,869

 
2,285,515

 
 
KODIAK OIL & GAS CORP
 
 5.5% 15/JAN/2021 1,640,000
 
1,679,736

 
1,635,900

 
 
KOREA ELECTRIC PWR GLBL
 
 3% 05/OCT/2015 1,700,000
 
1,694,288

 
1,750,165

 
 
LAREDO PETROLEUM INC
 
 7.375% 01/MAY/2022 2,723,000
 
2,906,690

 
2,954,455

 
 
LAREDO PETROLEUM INC
 
 9.50% 15/FEB/2019 2,624,000
 
2,816,485

 
2,932,320

 
 
LBC TANK TERMINAL
 
 6.875% 15/MAY/2023 1,516,000
 
1,551,790

 
1,567,165

 
 
LEAR CORP
 
 8.125% 15/MAR/2020 565,000
 
619,241

 
622,912

 
 
LEH.BROS.HOLD.INC.
 
 6.2% 26/SEP/2014 340,000
 
43,350

 
73,525

 
 
LEVEL 3 COMM INC
 
 11.88% 01/FEB/2019 1,317,000
 
1,459,685

 
1,514,550

 
 
LEVEL 3 COMM INC
 
 8.875% 01/JUN/2019 389,000
 
389,000

 
424,983

 
 
LEVEL 3 FINANCING INC
 
 7% 01/JUN/2020 409,000
 
417,246

 
433,540

 
 
LEVEL 3 FINANCING INC
 
 8.625% 15/JUL/2020 525,000
 
525,000

 
588,000

 
 
LEVEL 3 FINANCING INC
 
 9.375% 01/APR/2019 1,070,000
 
1,127,475

 
1,197,062

 
 
LEVEL 3 FINANCING INC
 
 6.125% 15/JAN/2021 750,000
 
764,063

 
757,500

 
 
LEVEL 3 FINANCING INC
 
 8.125% 01/JUL/2019 1,100,000
 
1,212,750

 
1,204,500

 
 
LIBBEY GLASS
 
 6.875% 5/MAY/2020 1,069,000
 
1,112,983

 
1,154,520

 
 
LIFEPOINT HOSPITALS INC
 
 5.5% 01/DEC/2021 1,068,000
 
1,068,000

 
1,072,005

 
 
LILLY(ELI)& CO
 
 4.2% 06/MAR/2014 4,000,000
 
4,026,947

 
4,026,300

 
 
LIMITED BRANDS INC
 
 6.625% 01/APR/2021 973,000
 
990,365

 
1,067,868

 
 
LLOYDS BANK PLC
 
 5.8% 13/JAN/2020 700,000
 
698,369

 
802,528

 
 
LONESTAR INTERMEDIATE
 
 ZCP 02/SEP/2019 342,000
 
338,580

 
354,825

 
 
LONESTAR INTERMEDIATE
 
 ZCP 07/AUG/2019 2,159,000
 
2,112,558

 
2,239,962

 
 
MACQUARIE BANK LIMITED
 
 ZCP 20/MAY/2014 4,000,000
 
3,994,749

 
3,995,847

 
 
MARKWEST ENERGY PARTNERS LP
 
 4.5% 15/JUL/2023 1,850,000
 
1,813,000

 
1,734,375

 
 
MARKWEST ENERGY PARTNERS LP
 
 6.50% 15/AUG/2021 800,000
 
868,000

 
860,000

 
 
MARKWEST ENERGY PARTNERS LP
 
 5.5% 15/FEB/2023 400,000
 
402,000

 
403,000

 
 
MARKWEST ENERGY PARTNERS LP
 
 6.25% 15/JUN/2022 1,948,000
 
2,056,783

 
2,060,010

 
 
MASSMUTUAL GLOBAL FUNDING
 
 2.875% 21/APR/2014 300,000
 
302,194

 
302,316

 
 
MDC PARTNERS INC
 
 6.75% 01/APR/2020 1,366,000
 
1,396,436

 
1,429,178

 
 
MELLON FUNDING CORP
 
 VAR 15/MAY/2014 1,000,000
 
1,000,160

 
1,000,305

 
 
MERCEDES-BENZ AUTO
 
 0.37% 16/MAR/2015 651,667
 
651,653

 
651,702

 
 
MERCEDES-BENZ AUTO
 
 0.49% 15/JUN/2015 4,370,000
 
4,372,020

 
4,370,760

 
 
MERCEDES-BENZ AUTO
 
 0.85% 16/MAR/2015 292,763
 
293,063

 
292,966

 
 
MERCEDES-BENZ AUTO
 
 0.880% 17/NOV/2014 3,396,868
 
3,401,252

 
3,398,858

 
 
MERCEDES-BENZ AUTO
 
 0.500% 15/MAR/2016 1,000,000
 
999,936

 
1,000,400

 
 
MERITAGE HOMES CORP
 
 4.5% 01/MAR/2018 1,087,000
 
1,088,300

 
1,081,565

 
 
MERITAGE HOMES CORP
 
 7% 01/APR/2022 684,000
 
695,275

 
723,330


36

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
METLIFE FNDG INC
 
 0.10% 11/FEB/2014 8,000,000
 
7,998,998

 
7,998,992

 
 
METLIFE INSTL FDG II
 
 VAR 10/JAN/2014 1,200,000
 
1,200,000

 
1,200,010

 
 
METRO LIFE GLOBAL FUNDING
 
 2% 09/JAN/2015 300,000
 
303,920

 
304,853

 
 
METRO LIFE GLOBAL FUNDING
 
 VAR 19/MAR/2014 711,000
 
711,000

 
711,634

 
 
METRO LIFE GLOBAL FUNDING
 
 VAR 10/JAN/2014 2,989,000
 
2,989,558

 
2,989,460

 
 
MGM RESORTS INTL
 
 10% 01/NOV/2016 2,075,000
 
2,243,594

 
2,490,000

 
 
MGM RESORTS INTL
 
 11.375% 01/MAR/2018 455,000
 
517,563

 
577,850

 
 
MGM RESORTS INTL
 
 6.625% 15/DEC/2021 963,000
 
1,022,570

 
1,018,373

 
 
MGM RESORTS INTL
 
 6.75% 01/OCT/2020 1,240,000
 
1,267,900

 
1,326,800

 
 
MICHAELS FINCO HOLDINGS LLC
 
 7.5% 01/AUG/2018 1,525,000
 
1,525,000

 
1,586,000

 
 
MIZUHO BANK LTD
 
 0.21% 02/27/2014 5,800,000
 
5,800,000

 
5,800,187

 
 
MOMENTIVE PERFRMNC MATRLS INC
 
 10% 15/OCT/2020 280,000
 
293,825

 
293,300

 
 
MOMENTIVE PERFRMNC MATRLS INC
 
 8.875% 15/OCT/2020 1,486,000
 
1,515,251

 
1,564,015

 
 
MONITRONICS INTL INC
 
 9.125% APR/2020 1,168,000
 
1,201,625

 
1,238,080

 
 
MONUMENTAL GLOBAL FUNDING III
 
 5.25% 15/JAN/2014 1,000,000
 
1,001,739

 
1,001,582

 
 
MORGAN STANLEY
 
 VAR 15/OCT/2015 649,000
 
506,220

 
647,630

 
 
MORGAN STANLEY
 
 5.75% 25/JAN/2021 3,600,000
 
3,751,776

 
4,072,550

 
 
MOTORS LIQUIDATION CO
 
 8.38% 15/JUL/2033 750,000
 
21,562

 
5,625

 
 
NATAUSBK
 
 VAR 28/MAY/2015 950,000
 
951,083

 
949,770

 
 
NATEXIS BANQUES POPLR
 
 ZCP 01/APR/2014 4,000,000
 
3,995,745

 
3,997,968

 
 
NATIONAL AUSTRALIA BANK
 
 0.604% 22/JAN/2015 2,000,000
 
2,005,647

 
2,005,100

 
 
NATIONAL AUSTRALIA BANK
 
 VAR 25/JUL/2014 4,700,000
 
4,722,992

 
4,724,934

 
 
NATIONAL CINEMEDIA LLC
 
 7.875% 15/JUL/2021 1,076,000
 
1,116,350

 
1,183,600

 
 
NATIONAL CINEMEDIA LLC
 
 6.00% 15/APR/2022 1,297,000
 
1,312,043

 
1,339,153

 
 
NATIONAL FINANCIAL PARTNERS
 
 9.00% 15/JUL/2021 544,000
 
544,000

 
571,200

 
 
NCR ESCROW CORP
 
 5.875% 15/DEC/2021 1,500,000
 
1,516,875

 
1,528,125

 
 
NEDERLANDSE WATERSCHAPSBANK
 
 FLT 12/JUN/2015 4,000,000
 
4,000,000

 
3,994,760

 
 
NEEDLE MERGER SUB CORP
 
 8.125% 15/MAR/2019 872,000
 
834,758

 
912,330

 
 
NEFF RENTAL LLC/NEFF FIN CORP
 
 9.625% 15/MAY/2016 1,640,000
 
1,599,000

 
1,734,300

 
 
NEIMAN MARCUS GROUP INC
 
 ZCP 25/OCT/2020 1,806,000
 
1,802,050

 
1,831,085

 
 
NEIMAN MARCUS GROUP INC
 
 8% 15/OCT/2021 496,000
 
496,000

 
518,320

 
 
NEIMAN MARCUS GROUP INC
 
 8.75% 15/OCT/2021 413,000
 
413,000

 
432,618

 
 
NESTLE CAP CORP
 
 0.15% 22/JAN/2014 8,000,000
 
7,999,347

 
7,999,898

 
 
NEW BREED LOGISTICS INC
 
 ZCP 07/SEP/2019 1,646,614
 
1,630,148

 
1,651,142

 
 
NIELSEN CO LUXEMBOURG SARL
 
 5.5% 01/OCT/2021 1,500,000
 
1,500,000

 
1,522,500

 
 
NIELSEN FINANCE LLC
 
 4.5% 01/OCT/2020 2,602,000
 
2,601,895

 
2,530,445

 
 
NII INTERNATL TELE
 
 11.38% 15/AUG/2019 3,716,000
 
3,815,868

 
3,102,860

 
 
NISSAN AUTO LEASE TR
 
 0.98% 15/MAY/2015 3,476,873
 
3,482,892

 
3,481,445

 
 
NISSAN AUTO LEASE TR
 
 0.450% 15/JUN/2015 778,232
 
778,288

 
778,148

 
 
NISSAN AUTO LEASE TR
 
 VAR 15/JUN/2015 823,129
 
822,984

 
822,990

 
 
NISSAN AUTO LEASE TR
 
 VAR 15/SEP/2015 4,000,000
 
3,996,906

 
3,998,156

 
 
NISSAN AUTO LEASE TR
 
 FLT 15/JAN/2016 935,000
 
935,109

 
935,198

 
 
NISSAN AUTO RECBL OWNER TR
 
 0.37% 15/SEP/2015 2,120,514
 
2,120,462

 
2,120,786

 
 
NISSAN AUTO RECBL OWNER TR
 
 1.31% 15/SEP/2016 1,394,461
 
1,398,504

 
1,396,964

 
 
NISSAN AUTO RECBL OWNER TR
 
 0.920% 16/FEB/2015 977,718
 
978,624

 
977,981

 
 
NISSAN AUTO RECBL OWNER TR
 
 1.180% 16/FEB/2015 47,386
 
47,491

 
47,402

 
 
NISSAN AUTO RECBL OWNER TR
 
 0.23% 15/DEC/2014 2,000,000
 
2,000,000

 
2,000,000

 
 
NISSAN AUTO RECBL OWNER TR
 
 0.4% 15/JUN/2016 600,000
 
599,978

 
599,798

 
 
NORINCHUKIN BK
 
 VAR 29/JAN/2014 2,500,000
 
2,500,000

 
2,500,253

 
 
NORINCHUKIN BK
 
 0.27% 19/MAY/2014 2,000,000
 
2,000,000

 
1,999,691

 
 
NORTEK INC
 
 8.5% 15/APR/2021 2,351,000
 
2,365,801

 
2,603,733

 
 
NUANCE COMM INC
 
 5.38% 15/AUG/2020 2,205,000
 
2,229,323

 
2,155,388


37

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
NUVEEN INVESTMENT
 
 9.125% 15/OCT/2017 241,000
 
241,904

 
241,000

 
 
NUVEEN INVESTMENT
 
 9.5% 15/OCT/2020 1,887,000
 
1,898,179

 
1,891,718

 
 
NUVEEN INVESTMENT
 
 ZCP MAR/2019 1,238,062
 
1,221,074

 
1,226,839

 
 
NXP BV/FUNDING LLC
 
 5.75% 15/FEB/2021 1,500,000
 
1,517,650

 
1,567,500

 
 
OASIS PETROLEUM INC
 
 6.5% 01/NOV/2021 1,799,000
 
1,832,554

 
1,924,930

 
 
OASIS PETROLEUM INC
 
 6.875% 15/JAN/2023 961,000
 
965,208

 
1,023,465

 
 
OASIS PETROLEUM INC
 
 6.875% 15/MAR/2022 1,300,000
 
1,319,500

 
1,378,000

 
 
OASIS PETROLEUM INC
 
 7.25% 01/FEB/2019 1,626,000
 
1,679,340

 
1,747,950

 
 
ODEBRECHT DRILL VIII/XI
 
 6.35% 30/JUN/2021 1,530,000
 
1,527,215

 
1,568,250

 
 
OIL STATES INT'L INC
 
 5.125% 15/JAN/2023 1,004,000
 
1,008,778

 
1,132,010

 
 
ORACLE CORP
 
 3.75% 08/JUL/2014 4,000,000
 
4,070,967

 
4,069,056

 
 
OSHKOSH CORP
 
 8.5% 01/MAR/2020 2,145,000
 
2,337,676

 
2,370,225

 
 
PACCAR FINANCIAL CORP
 
 VAR 05/JUN/2014 1,000,000
 
1,000,869

 
1,001,037

 
 
PACIFIC DRILLING
 
 5.375% 01/JUN/2020 1,932,000
 
1,938,369

 
1,941,660

 
 
PAETEC HOLDING CORP
 
 9.875% 01/DEC/2018 1,840,000
 
1,968,800

 
2,056,200

 
 
PARK PLACE SECURITIES, INC.
 
 FLT 25/DEC/2034 175,420
 
167,307

 
175,036

 
 
PEABODY ENERGY CORP
 
 6% 15/NOV/2018 571,000
 
571,000

 
608,115

 
 
PEABODY ENERGY CORP
 
 6.5% 15/SEP/2020 1,460,000
 
1,547,600

 
1,536,650

 
 
PEMEX PROJECT FUNDING
 
 6.625% 15/JUN/2035 115,000
 
96,254

 
121,037

 
 
PENN NATIONAL GAMING INC
 
 5.875% 01/NOV/2021 1,300,000
 
1,303,250

 
1,283,750

 
 
PETROLEOS MEXICANOS
 
 5.5% 21/JAN/2021 3,300,000
 
3,267,363

 
3,547,500

 
 
PFIZER INC RESTRICTED
 
 ZCP 05/MAR/2014 8,000,000
 
7,998,740

 
7,999,104

 
 
PHYSIO-CONTROL INTL INC
 
 9.875% 15/JAN/2019 898,000
 
913,166

 
1,005,760

 
 
PINNACLE LLC/CORP
 
 4.875% 01/MAY/2021 852,000
 
852,000

 
805,140

 
 
PLASTIPAK HOLDINGS INC
 
 6.5% 01/OCT/2021 1,780,000
 
1,850,050

 
1,842,300

 
 
PLAYA RESORTS HOLDINGS
 
 8% 15/AUG/2020 1,582,000
 
1,622,363

 
1,678,898

 
 
PLAYA RESORTS HOLDINGS
 
 ZCP 31/AUG/2019 497,752
 
495,264

 
503,352

 
 
PNC BANK
 
 0.27% 16/APR/2014 8,000,000
 
8,000,000

 
8,001,166

 
 
PNK FINANCE CORP
 
 6.375% 01/AUG/2021 2,291,000
 
2,304,033

 
2,342,548

 
 
POLARCUS LTD
 
 5.125% 01/JUN/2021 413,000
 
413,000

 
417,130

 
 
POLYPORE INT'L INC
 
 7.5% 15/NOV/2017 655,000
 
687,750

 
692,663

 
 
PQ CORP
 
 ZCP AUG/2017 1,745,370
 
1,745,370

 
1,760,424

 
 
PQ CORP
 
 8.75% 01/MAY/2018 4,715,000
 
4,813,591

 
5,139,350

 
 
PRICOA
 
 5.45% 11/JUN/2014 1,550,000
 
1,583,344

 
1,583,150

 
 
PRINCIPAL LIFE GLOBAL
 
 VAR 09/JUL/2014 1,200,000
 
1,203,206

 
1,203,887

 
 
PROCTER & GAMBLE CO
 
 ZCP 28/FEB/2014 8,000,000
 
7,998,711

 
7,999,226

 
 
PROVIDENT FDG/PFG FIN
 
 6.75% 15/JUN/2021 1,755,000
 
1,769,720

 
1,746,225

 
 
PSE&G TRANSITION
 
 6.75% 15/JUN/2016 4,041,571
 
4,160,323

 
4,125,115

 
 
QEP RESOURCES INC
 
 5.375% 01/OCT/2022 305,000
 
311,100

 
293,563

 
 
QEP RESOURCES INC
 
 6.875% 01/MAR/2021 2,596,000
 
2,802,471

 
2,784,210

 
 
QUEBECOR MEDIA INC
 
 5.75% 15/JAN/2023 2,153,000
 
2,153,000

 
2,083,028

 
 
QUIKSILVER INC
 
 7.875% 01/AUG/2018 263,000
 
276,370

 
285,355

 
 
QUIKSILVER INC
 
 10% 01/AUG/2020 258,000
 
267,515

 
291,540

 
 
RAAC
 
 VAR 25/OCT/2046 804,150
 
463,219

 
660,348

 
 
RABOBANK
 
 5.26% 29/DEC/2049 56,000
 
31,187

 
56,280

 
 
RABOBANK NEDERLAND
 
 4.2% 13/MAY/2014 8,300,000
 
8,411,405

 
8,415,312

 
 
RABOBANK NEDERLAND
 
 4.5% 11/JAN/2021 2,300,000
 
2,293,767

 
2,441,234

 
 
RABOBANK NEDERLAND
 
 VAR 31/DEC/2049 3,493,000
 
3,425,284

 
4,623,859

 
 
RABOBANK NEDERLAND
 
 VAR 25/JUL/2014 1,100,000
 
1,100,000

 
1,101,146

 
 
RANGE RESOURCES CORP
 
 5% SB 15/AUG/2022 1,369,000
 
1,369,000

 
1,345,043

 
 
RANGE RESOURCES CORP
 
 6.75% 01/AUG/2020 250,000
 
263,750

 
270,625

 
 
RBSSP RESECURITIZATION TR
 
 VAR 26/JUL/2045 1,025,936
 
1,004,776

 
1,002,886


38

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
RECKITT BENCKISER
 
 0.39% 04/SEP/2014 2,000,000
 
1,995,217

 
1,997,054

 
 
RECKITT BENCKISER
 
 0.41% 22/MAY/2014 1,000,000
 
998,602

 
999,212

 
 
RECKITT BENCKISER
 
 ZCP 07/APR/2014 840,000
 
839,112

 
839,565

 
 
REGENCY ENERGY PARTNERS LP
 
 6.5% 15/JUL/2021 3,630,000
 
3,731,400

 
3,847,800

 
 
REYNOLDS GROUP ISSUER LLC
 
 6.875% 15/FEB/2021 750,000
 
720,000

 
808,125

 
 
REYNOLDS GROUP ISSUER LLC
 
 8.25% 15/FEB/2021 1,210,000
 
1,178,428

 
1,291,675

 
 
REYNOLDS GROUP ISSUER LLC
 
 8.5% 15/MAY/2018 750,000
 
728,438

 
791,250

 
 
REYNOLDS GROUP ISSUER LLC
 
 9.875% 15/AUG/2019 657,000
 
677,349

 
730,913

 
 
REYNOLDS GROUP ISSUER LLC
 
 7.875% 15/AUG/2019 2,782,000
 
2,772,166

 
3,074,110

 
 
REYNOLDS GROUP ISSUER LLC
 
 9% 15/APR/2019 250,000
 
246,250

 
268,125

 
 
RITE AID CORP
 
 7.70% 15/FEB/2027 529,000
 
431,123

 
546,193

 
 
RITE AID CORP
 
 9.25% 15/MAR/2020 1,005,000
 
1,009,182

 
1,153,238

 
 
RITE AID CORP
 
 6.75% 15/JUN/2021 680,000
 
680,000

 
713,150

 
 
RITE AID CORP
 
 ZCP 31/DEC/2021 996,000
 
1,008,293

 
1,023,704

 
 
ROYAL BANK OF CANADA
 
 1.45% 30/OCT/2014 1,000,000
 
1,008,932

 
1,009,401

 
 
ROYAL BANK OF CANADA
 
 1.125% 15/JAN/2014 2,000,000
 
2,000,589

 
2,000,632

 
 
ROYAL BK SCOTLAND GRP
 
 VAR 31/DEC/2049 2,800,000
 
732,000

 
2,982,000

 
 
RSC EQUIPMENT RENTAL INC
 
 8.25% 01/FEB/2021 700,000
 
704,375

 
789,250

 
 
SABINE PASS LIQUEFACTION LLC
 
 6.25% 15/MAR/2022 1,044,000
 
1,044,000

 
1,036,170

 
 
SABINE PASS LNG LP
 
 5.625% 15/APR/2023 775,000
 
786,625

 
724,625

 
 
SABINE PASS LNG LP
 
 5.625% 01/FEB/2021 1,355,000
 
1,377,019

 
1,324,513

 
 
SALLY HLDGS LLC/SALLY CAPITAL INC
 
 5.75% 01/JUN/2022 497,000
 
497,000

 
516,880

 
 
SALLY HLDGS LLC/SALLY CAPITAL INC
 
 6.875% 15/NOV/2019 469,000
 
472,017

 
518,245

 
 
SANTANDER DRIVE
 
 0.89% 15/SEP/2016 434,796
 
434,765

 
435,516

 
 
SBA COMM
 
 5.625% 01/OCT/2019 272,000
 
276,760

 
280,160

 
 
SBA TELECOMM
 
 5.75% 15/JUL/2020 2,539,000
 
2,589,320

 
2,640,560

 
 
SCHAEFFLER FINANCE BV
 
 8.5% 15/FEB/2019 1,259,000
 
1,335,641

 
1,416,375

 
 
SCHAEFFLER FINANCE BV
 
 4.75% 15/MAY/2021 946,000
 
959,008

 
943,635

 
 
SCHAEFFLER HOLDING FINANCE
 
 6.875% 15/AUG/2018 735,000
 
751,895

 
779,100

 
 
SEMINOLE TRIBE OF FLORIDA INC
 
 7.804% 01/OCT/2020 295,000
 
303,481

 
323,025

 
 
SENECA GAMING CORP
 
 8.25% 01/DEC/2018 1,345,000
 
1,349,351

 
1,445,875

 
 
SERTA SIMMONS HLDG
 
 8.125% 01/OCT/2020 1,515,000
 
1,515,000

 
1,647,563

 
 
SERVICE CORP INTL
 
 5.375% 15/JAN/2022 600,000
 
606,000

 
607,500

 
 
SILVER II BORROWER SCA /HLDS LLC
 
 7.75% 15/DEC/2020 1,455,000
 
1,500,715

 
1,542,300

 
 
SIWF MERGER SUB/SP
 
 6.25% 01/JUN/2021 1,332,000
 
1,319,995

 
1,343,655

 
 
SKANDINAVISKA ENSKILDA BANKEN
 
 0.38% 21/NOV/2014 2,000,000
 
2,000,000

 
2,000,177

 
 
SKANDINAVISKA ENSKILDA BANKEN
 
 0.295% 28/MAY/2014 1,000,000
 
1,000,081

 
1,000,184

 
 
SLM CORP
 
 5.05% 14/NOV/2014 500,000
 
466,250

 
516,250

 
 
SLM PRIVATE EDUCATION LOAN TR
 
 VAR 15/MAY/2044 204,269
 
214,004

 
216,492

 
 
SLM STUDENT LOAN TR
 
 VAR 15/SEP/2021 332,470
 
459,985

 
457,440

 
 
SLM STUDENT LOAN TR
 
 VAR 15/DEC/2023 1,388,465
 
1,855,292

 
1,879,765

 
 
SM ENERGY CO
 
 6.5% 15/NOV/2021 540,000
 
541,725

 
572,400

 
 
SM ENERGY CO
 
 6.5% 01/JAN/2023 1,003,000
 
1,036,713

 
1,051,896

 
 
SOCIETE GENERALE
 
 VAR 11/APR/2014 2,000,000
 
2,004,745

 
2,004,810

 
 
SOUTHERN NATURAL GAS CO
 
 5.9% 01/APR/2017 120,000
 
101,497

 
134,482

 
 
SOUTHERN NATURAL GAS CO
 
 8% 01/MAR/2032 77,000
 
66,228

 
98,458

 
 
SPCM SA
 
 6% 15/JAN/2022 240,000
 
240,000

 
253,200

 
 
SPECTRUM BRANDS
 
 6.375% 15/NOV/2020 2,100,000
 
2,194,985

 
2,241,750

 
 
SPECTRUM BRANDS
 
 6.625% 15/NOV/2022 555,000
 
555,000

 
590,381

 
 
SPECTRUM BRANDS
 
 6.75% 15/MAR/2020 1,173,000
 
1,206,095

 
1,262,441

 
 
SPRINGLEAF FINANCE CORP
 
 6.9% 15/DEC/2017 975,000
 
912,070

 
1,065,675

 
 
SPRINGLEAF FINANCE CORP
 
 7.75% 01/OCT/2021 901,000
 
920,808

 
973,080


39

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
SPRINGLEAF FINANCE CORP
 
 8.25% 01/OCT/2023 633,000
 
633,000

 
685,223

 
 
SPRINT CAPITAL CORP
 
 6.9% 01/MAY/2019 650,000
 
634,980

 
710,125

 
 
SPRINT CORP
 
 7.25% 15/SEP/2021 1,500,000
 
1,501,875

 
1,610,625

 
 
SPRINT CORP
 
 7.875% 15/SEP/2023 1,500,000
 
1,503,750

 
1,612,500

 
 
SPRINT NEXTEL CORP
 
 11.5% 15/NOV/2021 900,000
 
905,625

 
1,179,000

 
 
SPRINT NEXTEL CORP
 
 6% 15/NOV/2022 795,000
 
803,195

 
775,125

 
 
SPRINT NEXTEL CORP
 
 7% 15/AUG/2020 1,302,000
 
1,305,255

 
1,409,415

 
 
SPRINT NEXTEL CORP
 
 8.375% 15/AUG/2017 86,000
 
94,815

 
99,545

 
 
SPRINT NEXTEL CORP
 
 9% 15/NOV/2018 3,892,000
 
3,950,714

 
4,689,860

 
 
SPRINT NEXTEL CORP
 
 7.00% 01/MAR/2020 1,576,000
 
1,576,000

 
1,757,240

 
 
STANDARD CHARTERED
 
 VAR 12/MAY/2014 2,000,000
 
2,005,672

 
2,005,988

 
 
STANDARD CHRTRD BNK NY
 
 0.3% 03/MAR/2014 2,000,000
 
2,000,000

 
2,000,482

 
 
STATE STREET CORP
 
 4.3% 30/MAY/2014 4,000,000
 
4,064,917

 
4,064,240

 
 
STHI HOLDING
 
 8% 15/MAR/2018 940,000
 
964,150

 
1,005,800

 
 
STUDIO CITY FINANCE LTD
 
 8.5% 01/DEC/2020 1,677,000
 
1,677,000

 
1,857,278

 
 
SUGAR HSP GMNG PRO
 
 6.375% 01/JUN/2021 1,192,000
 
1,184,222

 
1,150,280

 
 
SUMITOMO MTSU BKG CO
 
 0.38% 09/MAY/2014 4,400,000
 
4,400,000

 
4,402,038

 
 
SUMITOMO MTSU BKG CO
 
 0.38% 18/JUL/2014 1,000,000
 
1,000,000

 
1,000,549

 
 
SUMITOMO MTSU BKG CO
 
 0.21% 12/FEB/2014 2,000,000
 
1,999,977

 
2,000,048

 
 
SUNCORP-METWY LTD
 
 0.33% 11/MAR/2014 4,500,000
 
4,497,499

 
4,498,425

 
 
SVENSK EXPORTKRDT AKTBOLAGET
 
 VAR 14/AUG/2014 3,000,000
 
3,013,069

 
3,015,417

 
 
SVENSKA HANDELSBANKEN
 
 4.875% 10/JUN/2014 720,000
 
733,596

 
734,234

 
 
SVENSKA HANDELSBKN FR CD
 
 VAR 19/DEC/2014 4,000,000
 
4,000,000

 
4,003,120

 
 
SYNOVUS FINANCIAL
 
 7.875% 15/FEB/2019 2,015,000
 
2,213,970

 
2,261,838

 
 
TAYLOR MORRISON
 
 5.25% 15/APR/2021 1,000,000
 
1,010,000

 
972,500

 
 
TAYLOR MORRISON
 
 7.75% 15/APR/2020 619,000
 
663,326

 
680,900

 
 
TAYLOR MORRISON
 
 7.75% 15/APR/2020 745,000
 
749,483

 
819,500

 
 
TELECOM ITALIA CAPITAL
 
 7.175% 18/JUN/2019 1,091,000
 
1,214,589

 
1,224,648

 
 
TEMPUR SEALY INT'L INC
 
 6.875% 15/DEC/2020 801,000
 
835,125

 
873,090

 
 
TENET HEALTHCARE CORP
 
 4.5% 01/APR/2021 1,105,000
 
1,101,063

 
1,046,988

 
 
TENET HEALTHCARE CORP
 
 4.75% 01/JUN/2020 490,000
 
490,000

 
478,975

 
 
TENET HEALTHCARE CORP
 
 6% 01/OCT/2020 809,000
 
809,000

 
844,394

 
 
TENET HEALTHCARE CORP
 
 8.125% 01/APR/2022 2,377,000
 
2,377,000

 
2,561,218

 
 
TENNESSEE GAS PIPELINE
 
 8.375% 15/JUN/2032 28,000
 
25,048

 
36,120

 
 
TERWIN MORTGAGE TR
 
 VAR 25/OCT/2037 850,759
 
219,555

 
356,781

 
 
TIME WARNER INC
 
 8.375% 15/MAR/2023 945,000
 
1,092,466

 
1,086,920

 
 
TITAN INT'L INC
 
 6.875% 01/OCT/2020 722,000
 
722,000

 
752,685

 
 
T-MOBILE USA INC
 
 6.633% 28/APR/2021 3,873,000
 
4,007,645

 
4,076,333

 
 
T-MOBILE USA INC
 
 6.731% 28/APR/2022 1,853,000
 
1,882,931

 
1,931,753

 
 
TOLL BROTHERS FINANCE CORP
 
 8.91% 15/OCT/2017 2,100,000
 
2,357,250

 
2,535,750

 
 
TORONTO-DOMINION BANK NY
 
 VAR 18/NOV/2014 7,500,000
 
7,500,000

 
7,501,283

 
 
TOYOTA AUTO RECBL
 
 0.370% 15/SEP/2015 1,608,659
 
1,608,638

 
1,608,807

 
 
TOYOTA AUTO RECBL
 
 0.36% 17/FEB/2015 388,660
 
388,576

 
388,676

 
 
TOYOTA AUTO RECBL
 
 0.68% 15/JUN/2015 1,780,663
 
1,782,847

 
1,782,614

 
 
TOYOTA AUTO RECBL
 
 1.56% 15/MAY/2015 3,883,701
 
3,899,663

 
3,897,802

 
 
TOYOTA MOTOR CREDIT CORP
 
 VAR 22/AUG/2014 1,000,000
 
1,000,000

 
1,000,568

 
 
TOYOTA MOTOR CREDIT CORP
 
 ZCP 04/AUG/2010 8,000,000
 
7,989,356

 
7,989,356

 
 
TOYOTA MOTOR CREDIT CORP
 
 1.09% 15/DEC/2014 1,835,066
 
1,837,945

 
1,836,365

 
 
TRANSDIGM INC
 
 7.5% 15/JUL/2021 509,000
 
509,000

 
547,175

 
 
TRIPLE POINT GRP HOLDINGS, INC
 
 ZCP JUL/2021 851,000
 
799,940

 
731,860

 
 
TUNICA-BILOXI GAMING AUT
 
 9.0% 15/NOV/2015 30,000
 
30,150

 
27,000

 
 
TXU CORP
 
 6.5% 15/NOV/2024 60,000
 
20,985

 
21,000


40

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
CORPORATE DEBT SECURITIES (CONTINUED):
 
 
 
 
 
 
U.S. RENAL CARE, INC
 
 ZCP 03/JUL/2019 1,587,720
 
1,567,499

 
1,595,659

 
 
U.S. RENAL CARE, INC
 
 ZCP 03/JAN/2020 437,000
 
428,260

 
443,555

 
 
UBS AG (STAMFORD)
 
 0.515% 30/MAY/2014 2,000,000
 
2,000,000

 
2,002,367

 
 
UBS AG (STAMFORD)
 
 2.25% 28/JAN/2014 1,977,000
 
1,977,086

 
1,979,544

 
 
UBS AG (STAMFORD)
 
 3.875% 15/JAN/2015 900,000
 
929,370

 
930,470

 
 
UBS AG (STAMFORD)
 
 VAR 28/JAN/2014 349,000
 
349,000

 
349,304

 
 
UNIFRAX I LLC/UNIFRAX HLDG CO
 
 7.5% 15/FEB/2019 780,000
 
785,550

 
807,300

 
 
UNITED PARCEL SERVICE INC
 
 3.875% 01/APR/2014 3,875,000
 
3,908,476

 
3,907,039

 
 
UNITED RENTALS N.A. INC
 
 7.375% 15/MAY/2020 979,000
 
979,000

 
1,085,466

 
 
UNITED RENTALS N.A. INC
 
 7.625% 15/APR/2022 1,138,000
 
1,138,000

 
1,264,603

 
 
UNITYMEDIA HESSEN / NRW
 
 5.5% 15/JAN/2023 735,000
 
747,863

 
712,950

 
 
UNIVISION COMM INC
 
 5.125% 15/MAY/2023 2,008,000
 
1,940,039

 
2,005,490

 
 
UNIVISION COMM INC
 
 6.75% 15/SEP/2022 747,000
 
768,476

 
817,965

 
 
UNIVISION COMM INC
 
 7.875% 01/NOV/2020 925,000
 
967,375

 
1,016,344

 
 
UNIVISION COMM INC
 
 8.5% 15/MAY/2021 1,204,000
 
1,240,917

 
1,324,400

 
 
US COATINGS AC/FLA
 
 7.375% 01/MAY/2021 1,227,000
 
1,241,283

 
1,308,289

 
 
U.S. RENAL CARE, INC
 
 ZCP 01/JAN/2020 1,128,000
 
1,105,440

 
1,154,085

 
 
USAA AUTO OWNER TR
 
 0.38% 15/JUN/2015 2,053,909
 
2,054,361

 
2,053,582

 
 
VALEANT PHARMACEUTICALS INTL
 
 5.625% 01/DEC/2021 1,115,000
 
1,129,794

 
1,120,575

 
 
VALEANT PHARMACEUTICALS INTL
 
 7.5% 15/JUL/2021 2,000,000
 
2,075,000

 
2,195,000

 
 
VEB FINANCE
 
 5.45% 22/NOV/2017 1,000,000
 
1,000,000

 
1,071,300

 
 
VERISIGN INC
 
 4.625% 01/MAY/2023 1,100,000
 
1,111,000

 
1,050,500

 
 
VIDEOTRON LTEE
 
 5% 15/JUL/2022 1,899,000
 
1,900,325

 
1,856,273

 
 
VISTEON CORP
 
 6.75% 15/APR/2019 1,830,000
 
1,776,994

 
1,944,375

 
 
VOLKSWAGEN AUTO LN
 
 FLT 21/DEC/2015 405,000
 
405,000

 
404,778

 
 
VOLKSWAGEN AUTO LN
 
 0.33% 20/JUL/2015 719,759
 
719,635

 
719,537

 
 
VOLKSWAGEN AUTO LN
 
 1.22% 22/JUN/2015 282,825
 
283,489

 
283,119

 
 
VOLKSWAGEN AUTO LN
 
 0.87% 20/JUL/2015 6,591,013
 
6,660,633

 
6,605,639

 
 
VOLKSWAGEN AUTO LN
 
 1.2% 20/OCT/2014 124,110
 
124,363

 
124,161

 
 
VOLKSWAGEN INT'L FINANCE
 
 VAR 01/APR/2014 1,000,000
 
1,000,000

 
1,000,960

 
 
VPI ESCROW CORP
 
 6.375% 10/MAR/2021 3,555,000
 
3,755,320

 
3,746,081

 
 
WACHOVIA CAPITAL TR III
 
 FLT 31/DEC/2049 628,000
 
370,520

 
574,620

 
 
WALT DISNEY CO
 
 ZCP 15/APR/2014 8,000,000
 
7,997,458

 
7,997,458

 
 
WDAC SUBSIDIARY CORP
 
 8.50% 01/DEC/2014 750,000
 
938,526

 
36,171

 
 
WELLS FARGO & CO
 
 0.22% 02/JAN/2014 8,000,000
 
7,999,969

 
7,999,960

 
 
WHITING PETROLEUM CORP
 
 6.5% 01/OCT/2018 65,000
 
67,763

 
69,063

 
 
WHITING PETROLEUM CORP
 
 5.75% 15/MAR/2021 1,250,000
 
1,275,000

 
1,293,750

 
 
WIND ACQUISITION
 
 6.5% 30/APR/2020 2,988,000
 
3,058,680

 
3,182,220

 
 
WINDSTREAM CORP
 
 7.875% 01/NOV/2017 875,000
 
934,063

 
999,688

 
 
WINDSTREAM CORP
 
 6.375% 01/AUG/2023 1,371,000
 
1,371,000

 
1,281,885

 
 
WOODSIDE HOMES CO LLC
 
 6.75% 15/DEC/2021 560,000
 
560,000

 
561,400

 
 
WORLD OMNI AUTO
 
 0.71% 15/JAN/2015 379,999
 
380,205

 
380,090

 
 
WORLD OMNI AUTO
 
 0.93% 16/NOV/2015 6,350,000
 
6,370,500

 
6,367,285

 
 
WORLD OMNI AUTO
 
 0.52% 15/JUN/2015 151,734
 
151,831

 
151,758

 
 
WORLD OMNI AUTO
 
 1.11% 15/MAY/2015 40,959
 
41,033

 
40,970

 
 
WORLD OMNI AUTO
 
 0.430% 16/MAY/2016 160,000
 
160,031

 
160,005

 
 
WORLD OMNI AUTO
 
 0.25% 10/OCT/2014 1,077,475
 
1,077,475

 
1,077,475

 
 
ZAYO GROUP LLC
 
 10.125% 01/JUL/2020 922,000
 
922,000

 
1,062,605

 
 
ZAYO GROUP LLC
 
 8.125% 01/JAN/2020 720,000
 
766,805

 
788,400

 
 
TOTAL CORPORATE DEBT SECURITIES
 
1,147,262,299

 
1,172,329,979

U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES:
 
 
 
 
AFRICAN DEVELOPMENT BANK
 
 3.00% 27/MAY/2014 2,250,000
 
2,274,431

 
2,274,750


41

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES (CONTINUED):
 
 
 
 
BUCKEYE OHIO TOB SETTLEMENT
 
 6.50% 01/JUN/2047 6,400,000
 
4,642,368

 
5,157,056

 
 
BUONI POLIENNALI DEL TES
 
 VAR 15/SEP/2017 1,200,000
 
1,891,902

 
1,968,989

 
 
FEDERAL FARM CREDIT BANKS
 
 VAR 10/FEB/2014 5,000,000
 
4,999,768

 
5,000,105

 
 
FEDERAL HOME LOAN BANKS
 
 0.25% 30/OCT/2014 700,000
 
700,000

 
700,144

 
 
FEDERAL HOME LOAN BANKS
 
 0.26% 10/NOV/2014 300,000
 
300,000

 
300,078

 
 
FEDERAL HOME LOAN BANKS
 
 0.19% 22/JUL/2014 1,000,000
 
999,905

 
1,000,222

 
 
FEDERAL HOME LOAN BANKS
 
 0.19% 25/JUL/2014 600,000
 
600,025

 
600,135

 
 
FEDERAL HOME LOAN BANKS
 
 0.19% 25/JUL/2014 400,000
 
400,005

 
400,090

 
 
FEDERAL HOME LOAN BANKS
 
 ZCP 17/JAN/2014 8,000,000
 
7,999,467

 
7,999,936

 
 
FEDERAL HOME LOAN BANKS
 
 ZCP 19/MAR/2014 8,000,000
 
7,998,289

 
7,999,328

 
 
FEDERAL HOME LOAN BANKS
 
 ZCP 26/MAR/2014 8,000,000
 
7,998,133

 
7,999,264

 
 
FEDERAL HOME LOAN BANKS
 
 ZCP 21/MAR/2014 8,000,000
 
7,998,332

 
7,999,304

 
 
FEDERAL NATIONAL MTG ASSOC
 
 0.00% 01/FEB/2019 390,000
 
216,934

 
339,435

 
 
FEDERAL NATIONAL MTG ASSOC
 
 6.00% 18/APR/2036 740,000
 
817,728

 
810,495

 
 
FEDERAL NATIONAL MTG ASSOC
 
 0.88% 28/AUG/2014 1,000,000
 
1,004,645

 
1,004,703

 
 
FINANCING CORP
 
 ZCP 05/APR/2019 160,000
 
111,528

 
142,045

 
 
INST CRED OFICIAL FRN
 
 VAR 25/MAR/2014 2,200,000
 
3,109,458

 
3,027,549

 
 
INSTITUTO PARA LA PRTCCNL AHOR
 
 4.05% 19/MAR/2015 3,100,000
 
252,327

 
239,654

 
 
ITALY(REPUBLIC OF)
 
 3.1% 15/SEP/2026 100,000
 
136,555

 
148,059

 
 
ITALY(REPUBLIC OF)
 
 2.1% 15/SEP/2016 800,000
 
1,175,638

 
1,212,642

 
 
ITALY(REPUBLIC OF)
 
 VAR 15/SEP/2018 1,000,000
 
1,318,092

 
1,382,135

 
 
ITALY(REPUBLIC OF)
 
 VAR 15/SEP/2021 100,000
 
135,561

 
144,743

 
 
KFW BOND
 
 3.50% 10/MAR/2014 2,000,000
 
2,012,234

 
2,011,580

 
 
KREDITANSTALT FR WIEDERAUFBAU
 
 1.5% 04/APR/2014 1,000,000
 
1,003,244

 
1,003,590

 
 
MADRID(COMUNIDAD)
 
 4.2% 24/SEP/2014 1,600,000
 
2,011,195

 
2,244,493

 
 
MANITOBA(PROVINCE OF)
 
 1.37% 28/APR/2014 1,050,000
 
1,053,693

 
1,053,779

 
 
MEX BONOS PROTECC AHORRO
 
 VAR 30/JAN/2020 20,400,000
 
1,682,257

 
1,575,036

 
 
MEXICO (UNITED MEXICAN STATES)
 
 6.5% 09/JUN/2022 9,700,000
 
761,962

 
748,565

 
 
MEXICO (UNITED MEXICAN STATES)
 
 4.75% 14/JUN/2018 8,200,000
 
623,382

 
611,144

 
 
NEW SOUTH WALES TREASURY CORP
 
 2.50% 20/NOV/2035 400,000
 
459,160

 
418,034

 
 
NEW SOUTH WALES TREASURY CORP
 
 VAR 20/NOV/2025 2,200,000
 
2,315,900

 
2,467,767

 
 
PORT AUTHORITY NY & NJ
 
 4.46% 01/OCT/2062 1,400,000
 
1,400,000

 
1,192,632

 
 
RESOLUTION FUNDING CORP
 
 ZCP 15/OCT/2019 400,000
 
356,070

 
347,326

 
 
TENNESSEE VALLEY AUTHORITY
 
 7.13% 01/MAY/2030 942,000
 
1,321,014

 
1,231,421

 
 
U.K. OF GRT BRTN & NRTHRN IRELND
 
 2.5% 26/JUL/2016 300,000
 
1,683,498

 
1,683,263

 
 
U.S. OF AMER TREAS
 
 VAR 15/JAN/2016 4,293,000
 
5,386,028

 
5,383,888

 
 
U.S. OF AMER TREAS
 
 VAR 15/JAN/2022 27,250,000
 
27,887,121

 
27,026,576

 
 
U.S. OF AMER TREAS
 
 1.375% 31/JUL/2018 53,700,000
 
53,512,351

 
53,217,559

 
 
U.S. OF AMER TREAS BILL
 
 ZCP 09/JAN/2014 12,200,000
 
12,199,842

 
12,199,976

 
 
U.S. OF AMER TREAS BILL
 
 ZCP 02/JAN/2014 12,200,000
 
12,199,980

 
12,200,000

 
 
U.S. OF AMER TREAS BILL
 
 ZCP 23/JAN/2014 10,000,000
 
10,000,000

 
9,999,900

 
 
U.S. OF AMER TREAS BONDS
 
 1.125% 15/JAN/2021 20,000,000
 
22,013,578

 
22,443,816

 
 
U.S. OF AMER TREAS BONDS
 
 2.375% 15/JAN/2025 13,400,000
 
20,195,365

 
19,085,449

 
 
U.S. OF AMER TREAS BONDS
 
 0.625% 15/FEB/2043 3,400,000
 
3,179,943

 
2,655,847

 
 
U.S. OF AMER TREAS BONDS
 
 2.00% 15/JAN/2026 12,600,000
 
17,570,496

 
16,414,562

 
 
U.S. OF AMER TREAS BONDS
 
 1.75% 15/JAN/2028 12,750,000
 
12,728,764

 
15,218,771

 
 
U.S. OF AMER TREAS BONDS
 
 VAR 15/FEB/2040 1,700,000
 
2,402,542

 
2,064,103

 
 
U.S. OF AMER TREAS BONDS
 
 2.5% 15/JAN/2029 1,900,000
 
2,492,940

 
2,428,992

 
 
U.S. OF AMER TREAS BONDS
 
 VAR 15/FEB/2042 600,000
 
677,589

 
498,579

 
 
U.S. OF AMER TREAS NOTES
 
 2.00% 15/JUL/2014 1,888,000
 
2,339,940

 
2,390,961

 
 
U.S. OF AMER TREAS NOTES
 
 1.75% 31/JAN/2014 11,962,400
 
11,978,671

 
11,978,286

 
 
U.S. OF AMER TREAS NOTES
 
 1.87% 15/JUL/2015 2,555,000
 
3,237,164

 
3,233,642


42

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES (CONTINUED):
 
 
 
 
U.S. OF AMER TREAS NOTES
 
 3.875% 15/APR/2029 6,600,000
 
14,512,251

 
12,851,000

 
 
U.S. OF AMER TREAS NOTES
 
 2.625% 15/JUL/2017 10,700,000
 
13,680,671

 
13,563,659

 
 
U.S. OF AMER TREAS NOTES
 
 1.875% 28/FEB/2014 8,000,000
 
8,023,129

 
8,022,496

 
 
U.S. OF AMER TREAS NOTES
 
 1.375% 15/JAN/2020 8,450,000
 
8,878,684

 
9,800,571

 
 
U.S. OF AMER TREAS NOTES
 
 2.375% 15/JAN/2027 16,300,000
 
22,888,983

 
21,745,669

 
 
U.S. OF AMER TREAS NOTES
 
 0.625% 15/JUL/2021 25,450,000
 
27,538,153

 
26,771,500

 
 
U.S. OF AMER TREAS NOTES
 
 0.125% 15/JAN/2023 2,100,000
 
2,116,746

 
2,006,933

 
 
U.S. OF AMER TREAS NOTES
 
 0.125% 15/APR/2018 10,400,000
 
10,736,796

 
10,717,608

 
 
U.S. OF AMER TREAS NOTES
 
 0.375% 15/JUL/2023 8,700,000
 
8,538,459

 
8,421,283

 
 
U.S. OF AMER TREAS NOTES
 
 2.50% 15/AUG/2023 8,900,000
 
8,781,360

 
8,546,777

 
 
U.S. OF AMER TREAS NOTES
 
 4.00% 15/FEB/2014 8,000,000
 
8,038,203

 
8,037,184

 
 
U.S. OF AMER TREAS NOTES
 
 2.125% 15/JAN/2019 1,500,000
 
1,706,590

 
1,822,268

 
 
U.S. OF AMER TREAS NOTES
 
 1.750% 31/MAR/2014 8,000,000
 
8,032,304

 
8,032,184

 
 
U.S. OF AMER TREAS NOTES
 
 1.875% 30/APR/2014 8,000,000
 
8,047,031

 
8,045,936

 
 
U.S. OF AMER TREAS NOTES
 
 1.88% 15/JUL/2019 10,400,000
 
12,770,132

 
12,641,198

 
 
U.S. OF AMER TREAS NOTES
 
 1.25% 15/JUL/2020 14,700,000
 
17,026,756

 
16,842,988

 
 
U.S. OF AMER TREAS NOTES
 
 2.63% 15/AUG/2020 23,600,000
 
24,743,093

 
24,079,363

 
 
U.S. OF AMER TREAS NOTES
 
 1.00% 15/JAN/2014 24,005,800
 
24,014,355

 
24,013,290

 
 
U.S. OF AMER TREAS NOTES
 
 1.25% 15/APR/2014 8,000,000
 
8,026,282

 
8,025,936

 
 
U.S. OF AMER TREAS NOTES
 
 1.250% 15/FEB/2014 8,000,000
 
8,011,756

 
8,010,936

 
 
U.S. OF AMER TREAS NOTES
 
 3.125% 15/MAY/2021 1,200,000
 
1,360,906

 
1,250,906

 
 
U.S. OF AMER TREAS NOTES
 
 2.25% 31/JUL/2018 45,400,000
 
47,350,709

 
46,800,999

 
 
U.S. OF AMER TREAS NOTES
 
 1.00% 31/AUG/2016 15,500,000
 
15,711,914

 
15,645,313

 
 
U.S. OF AMER TREAS NOTES
 
 2.00% 15/NOV/2021 16,800,000
 
16,897,202

 
16,034,810

 
 
U.S. OF AMER TREAS NOTES
 
 0.25%15/FEB/2015 190,000
 
190,119

 
190,134

 
 
U.S. OF AMER TREAS NOTES
 
 1.625%15/AUG/2022 83,800,000
 
76,729,375

 
76,133,641

 
 
U.S. OF AMER TREAS NOTES
 
 1.75%15/MAY/2023 500,000
 
462,930

 
450,664

 
 
U.S. OF AMER TREAS NOTES
 
 1.375%30/JUN/2018 1,700,000
 
1,701,153

 
1,687,117

 
 
U.S. OF AMER TREAS NOTES
 
 3.63% 15/APR/2028 7,500,000
 
15,682,423

 
14,326,848

 
 
U.S. OF AMER TREAS NOTES
 
 1.375% 15/JUL/2018 1,600,000
 
1,801,637

 
1,878,283

 
 
U.S. OF AMER TREAS NOTES
 
 1.25% 15/APR/2014 3,600,000
 
3,952,722

 
3,998,520

 
 
U.S. OF AMER TREAS NOTES
 
 0.05% 15/APR/2015 4,500,000
 
4,945,627

 
4,956,436

 
 
U.S. OF AMER TREAS NOTES
 
 0.13% 15/APR/2016 20,100,000
 
21,869,876

 
21,838,753

 
 
U.S. OF AMER TREAS NOTES
 
 0.125% 15/JUL/2022 40,200,000
 
39,967,739

 
39,110,626

 
 
U.S. OF AMER TREAS NOTES
 
 1.63% 15/JAN/2015 10,400,000
 
13,129,496

 
13,105,010

 
 
U.S. OF AMER TREAS NOTES
 
 1.25% 15/MAR/2014 8,000,000
 
8,018,377

 
8,018,752

 
 
UNIV CALIF REGTS MED CTR
 
 6.398% 15/MAY/2031 3,400,000
 
3,400,000

 
3,830,440

 
 
WISCONSIN HSG & ECNMC DEV AUTH
 
 VAR 01/SEP/2026 3,700,000
 
3,700,000

 
3,700,000

 
 
TOTAL U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT
 
816,750,953

 
807,836,429

 
 
     SECURITIES
 
 
 
 
 
 
MORTGAGE-BACKED SECURITIES:
 
 
 
 
 
 
BANC OF AMERICA COMM MTG
 
 5.38% 10/JUN/2049 3,300,000
 
3,816,656

 
3,663,822

 
 
BANC OF AMERICA FUNDING TR
 
 VAR 25/APR/2037 340,025
 
258,419

 
279,583

 
 
BANC OF AMERICA FUNDING TR
 
 VAR 20/MAY/2036 601,080
 
394,938

 
557,035

 
 
BANC OF AMERICA MTG TR
 
 VAR 25/FEB/2035 409,532
 
308,174

 
398,573

 
 
BCCR TR
 
 VAR 21/AUG/2045 6,000,000
 
5,130,000

 
6,601,140

*
 
BEAR STEARNS
 
 VAR 25/MAR/2035 61,618
 
60,448

 
62,029

*
 
BEAR STEARNS
 
 VAR 25/AUG/2035 32,005
 
31,248

 
32,031

 
 
CD 2007 CD4
 
 5.21% 11/DEC/2049 31,111
 
31,729

 
31,117

 
 
CITIGROUP MTG LOAN TR
 
 FLT 25/SEP/2037 376,495
 
262,180

 
308,204


43

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
MORTGAGE-BACKED SECURITIES (CONTINUED):
 
 
 
 
 
 
CITIGROUP MTG LOAN TR
 
 VAR 25/AUG/2035 28,326
 
27,847

 
27,921

 
 
CITIGROUP MTG LOAN TR
 
 VAR 25/OCT/2035 792,993
 
469,784

 
596,596

 
 
CITIGROUP MTG LOAN TR
 
 VAR 25/SEP/2035 23,924
 
23,027

 
23,425

 
 
COMMERCIAL MTG
 
 6.75% 20/JUN/2031 352,458
 
326,978

 
369,310

 
 
CWALT ALTERNATIVE LN TR
 
 VAR 20/DEC/2046 1,101,017
 
651,252

 
779,354

 
 
FEDERAL HOME LOAN MTG CORP
 
 4.00% 01/SEP/2039 25,988
 
26,905

 
26,710

 
 
FEDERAL HOME LOAN MTG CORP
 
 4.00% 01/DEC/2040 3,127,310
 
3,346,711

 
3,214,412

 
 
FEDERAL HOME LOAN MTG CORP
 
 VAR 01/JAN/2037 700,285
 
726,239

 
740,744

 
 
FEDERAL HOME LOAN MTG CORP
 
 VAR 01/SEP/2037 58,152
 
59,917

 
59,668

 
 
FEDERAL HOME LOAN MTG CORP
 
 4.00% 01/AUG/2043 32,427
 
33,572

 
33,349

 
 
FEDERAL HOME LOAN MTG CORP
 
 4.00% 01/SEP/2043 932,120
 
965,035

 
958,708

 
 
FEDERAL NATIONAL MTG ASSOC
 
 2.50% 01/APR/2043 1,990,854
 
1,847,761

 
1,804,000

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/AUG/2043 1,982,875
 
1,892,871

 
1,884,733

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.50% 01/FEB/2026 142,680
 
148,966

 
149,305

 
 
FEDERAL NATIONAL MTG ASSOC
 
 2.50% 01/JAN/2043 1,978,730
 
1,836,509

 
1,793,040

 
 
FEDERAL NATIONAL MTG ASSOC
 
 2.50% 01/FEB/2043 1,967,437
 
1,826,028

 
1,782,784

 
 
FEDERAL NATIONAL MTG ASSOC
 
 2.50% 01/APR/2043 1,985,961
 
1,843,220

 
1,799,589

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/MAY/2043 4,959,763
 
4,699,376

 
4,713,675

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/MAY/2043 1,982,637
 
1,934,310

 
1,884,221

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/JUN/2043 44,701
 
42,815

 
42,500

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/JUN/2043 1,918,896
 
1,874,522

 
1,823,872

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/JUL/2043 15,999,997
 
15,339,215

 
15,207,997

 
 
FEDERAL NATIONAL MTG ASSOC
 
 3.00% 01/AUG/2043 3,081,101
 
3,009,850

 
2,928,583

 
 
FEDERAL NATIONAL MTG ASSOC
 
 7.00% 01/DEC/2027 1,642
 
1,749

 
1,646

 
 
FEDERAL NATIONAL MTG ASSOC
 
 8.00% 01/AUG/2015 0,656
 
693

 
680

 
 
FEDERAL NATIONAL MTG ASSOC
 
 8.00% 01/AUG/2015 5,222
 
5,509

 
5,309

 
 
FEDERAL NATIONAL MTG ASSOC
 
 8.00% 01/SEP/2015 1,657
 
1,723

 
1,711

 
 
FEDERAL NATIONAL MTG ASSOC
 
 9.00% 01/NOV/2021 1,774
 
1,901

 
1,795

 
 
GOVERNMENT NATIONAL MTG ASSOC
 
 7.50% 15/MAR/2029 7,422
 
7,897

 
8,755

 
 
GOVERNMENT NATIONAL MTG ASSOC
 
 VAR 20/MAR/2037 374,393
 
368,719

 
375,413

 
 
GOVERNMENT NATIONAL MTG ASSOC
 
 VAR 20/MAY/2037 158,953
 
156,543

 
159,085

 
 
GOVERNMENT NATIONAL MTG ASSOC
 
 2.50% JAN 1,000,000
 
922,656

 
917,930

 
 
GOVERNMENT NATIONAL MTG ASSOC
 
 3.00% JAN 17,000,000
 
16,481,367

 
16,416,951

 
 
HARBORVIEW MTG LOAN TR
 
 VAR 25/FEB/2036 335,940
 
174,899

 
266,748

 
 
INDUS ECLIPSE07-1 FRN
 
 VAR 25/JAN/2020 215,590
 
296,789

 
344,573

 
 
INDYMAC INDA
 
 VAR 25/NOV/2037 255,207
 
165,975

 
233,008

 
 
MASTR ADJ RATE MTGS TR
 
 FLT 25/JAN/2036 519,857
 
399,687

 
491,768

 
 
MRRLL LYNCH/CNTRYWDE COMM MTG
 
 5.70% 12/SEP/2049 100,000
 
72,375

 
111,110

 
 
MRRLL LYNCH/CNTRYWDE COMM MTG
 
 5.81% 12/JUN/2050 4,290,000
 
2,805,355

 
4,744,907

 
 
MORGAN STANLEY CAPITAL I
 
 VAR 11/JUN/2049 80,000
 
63,966

 
89,246

 
 
MORGAN STANLEY MTG LOAN TR
 
 FLT 25/JUL/2035 1,029,667
 
634,045

 
875,409

 
 
MORGAN STANLEY MTG LOAN TR
 
 FLT 25/AUG/2034 286,804
 
148,849

 
279,029

 
 
MORGAN STANLEY MTG LOAN TR
 
 VAR 25/JUN/2036 1,143,402
 
924,190

 
1,121,149

 
 
MORGAN STANLEY MTG LOAN TR
 
 VAR 25/JUN/2037 528,432
 
255,644

 
301,634

 
 
RALI SERIES
 
 FLT 25/DEC/2035 1,564,552
 
885,034

 
1,236,300

 
 
RALI SERIES
 
 VAR 25/JUN/2046 220,281
 
183,228

 
101,580

 
 
RBSGC MTG LOAN TR
 
 VAR 25/JAN/2037 764,730
 
299,227

 
511,932

 
 
STRUCTURED ADJ RATE MTG LOAN TR
 
 FLT 25/MAY/2036 701,230
 
390,934

 
533,478

 
 
STRUCTURED ADJ RATE MTG LOAN TR
 
 VAR MAY/2036 769,617
 
481,928

 
746,990

 
 
THORNBURG MTG SECURITIES TR
 
 FLT 25/SEP/2037 507,592
 
386,468

 
498,605

 
 
THORNBURG MTG SECURITIES TR
 
 FLT 25/SEP/2037 744,189
 
637,221

 
772,486


44

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
MORTGAGE-BACKED SECURITIES (CONTINUED):
 
 
 
 
 
 
UBS-BARCLAYS COMM MTG TR
 
 VAR 12/MAR/2046 8,016,598
 
590,638

 
576,518

 
 
WACHOVIA BANK COMM MTG
 
 4.94% 15/APR/2042 837,000
 
638,968

 
868,306

 
 
WACHOVIA BANK COMM MTG
 
 5.57% 15/OCT/2048 100,000
 
71,020

 
109,440

 
 
WELLS FARGO
 
 FLT 25/OCT/2035 1,565,238
 
1,366,893

 
1,534,135

 
 
WELLS FARGO
 
 FLT 25/OCT/2035 483,801
 
444,794

 
487,039

 
 
WELLS FARGO
 
 VAR 25/APR/2036 171,828
 
132,860

 
157,498

 
 
TOTAL MORTGAGE-BACKED SECURITIES
 
83,646,246

 
89,460,193

DERIVATIVES RECEIVABLE:
 
 

 
 

 
 
US 10YR NOTE (CBT) BOND LONG
 
VM EX: 20/MAR/2014 SIZE 100,000
 

 
(20,262
)
 
 
US 10YR NOTE (CBT) BOND LONG
 
FUTR LONG EX: 20/MAR/2014
 
(20,262
)
 
20,262

 
 
US 5YR NOTE (CBT) FUTR LONG
 
VM EX: 31/MAR/2014 SIZE 100,000
 

 
(282,893
)
 
 
US 5YR NOTE (CBT) FUTR LONG
 
FUTR LONG EX: 31/MAR/2014
 
(282,893
)
 
282,893

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 14/DEC/2015 SIZE 2,500
 

 
(17,309
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 14/DEC/2015
 
(17,309
)
 
17,309

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 15/JUN/2015 SIZE 2,500
 

 
(42,176
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 15/JUNE/2015
 
(42,176
)
 
42,176

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 13/JUN/2016 SIZE 2,500
 

 
(41,496
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 13/JUN/2016
 
(41,496
)
 
41,496

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 16/MAR/2015 SIZE 2,500
 

 
(35,365
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 16/MAR/2015
 
(35,365
)
 
35,365

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 14/MAR/2016 SIZE 2,500
 

 
(205,541
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 14/MAR/2016
 
(205,541
)
 
205,541

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 14/SEP/2015 SIZE 2,500
 

 
(24,804
)
 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 14/SEP/2015
 
(24,804
)
 
24,804

 
 
90DAY EURO$ FUTR LONG
 
VM EX: 15/SEP/2014 SIZE 2,500
 

 
2,436

 
 
90DAY EURO$ FUTR LONG
 
FUTR LONG EX: 15/SEP/2014
 
2,436

 
(2,436
)
 
 
FWD CURRENCY CONTRACTS - JPY
 
AUD RATE 0.9637
 

 
9,969

 
 
FWD CURRENCY CONTRACTS - AUD
 
BRL RATE 2.0644
 

 
69,192

 
 
FWD CURRENCY CONTRACTS - BRL
 
BRL RATE 2.0955
 

 
10,276

 
 
FWD CURRENCY CONTRACTS - MXN
 
BRL RATE 2.1025
 

 
3,042

 
 
FWD CURRENCY CONTRACTS - MXN
 
BRL RATE 2.0940
 

 
7,713

 
 
FWD CURRENCY CONTRACTS - EUR
 
BRL RATE 2.0891
 

 
11,779

 
 
FWD CURRENCY CONTRACTS - EUR
 
CAD RATE 0.9973
 

 
818

 
 
FWD CURRENCY CONTRACTS - AUD
 
CNY RATE 6.3826
 

 
31,288

 
 
FWD CURRENCY CONTRACTS - JPY
 
EUR RATE 0.7585
 

 
554

 
 
FWD CURRENCY CONTRACTS - HKD
 
MXN RATE 13.0970
 

 
4

 
 
GENERAL MOTORS CO C/WTS
 
2,917 SHARES
 

 
90,897

 
 
GENERAL MOTORS CO C/WTS
 
2,917 SHARES
 

 
67,473

 
 
GREEN FIELD ENERGY/WTS
 
1,275 SHARES
 

 
1,288

 
 
NORTEK INC/WTS
 
432 SHARES
 

 
11,016

 
 
CDS - EMIABD
 
EX 20/MAR/2016 3,000,000
 

 
58,797

 
 
CDS - QATAR
 
EX 20/MAR/2016 2,000,000
 

 
35,944

 
 
CDS - QATAR
 
EX 20/MAR/2016 1,600,000
 

 
28,755

 
 
CDS - TOL FINCORP
 
EX 20/DEC/2017 2,500,000
 

 
5,693

 
 
INFLATION SWAP - USCPI
 
EX 29/NOV/2016 1,200,000
 

 
4,360

 
 
INFLATION SWAP - USCPI
 
EX 29/NOV/2016 1,200,000
 

 
4,360

 
 
INFLATION SWAP - USCPI
 
EX 29/NOV/2016 900,000
 

 
2,759

 
 
INFLATION SWAP - USCPI
 
EX 15/APR/2016 8,900,000
 

 
129,892

 
 
INFLATION SWAP - USCPI
 
EX 05/NOV/2016 2,100,000
 

 
5,573

 
 
INFLATION SWAP - USCPI
 
EX 15/APR/2017 1,600,000
 

 
21,114

 
 
INFLATION SWAP - USCPI
 
EX 31/OCT/2016 500,000
 

 
406

 
 
INFLATION SWAP - USCPI
 
EX 23/OCT/2016 2,700,000
 

 
1,942


45

JPMORGAN CHASE 401(K) SAVINGS PLAN
PLAN NUMBER: 002 - EIN: 13/4994650
SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST,
COLLATERAL, PAR, OR
MATURITY VALUE
 
COST
 
CURRENT
VALUE
DERIVATIVES RECEIVABLE (CONTINUED):
 
 
 
 
 
 
INFLATION SWAP - USCPI
 
EX 01/Oct/2018 800,000
 

 
260

 
 
INFLATION SWAP - USCPI
 
EX 15/JUL/2017 10,700,000
 

 
91,050

 
 
INFLATION SWAP - USCPI
 
EX 15/JUL/2017 6,600,000
 

 
56,162

 
 
INFLATION SWAP - USCPI
 
EX 15/JUL/2022 1,300,000
 

 
21,132

 
 
INFLATION SWAP - USCPI
 
EX 15/JUL/2022 4,800,000
 

 
78,014

 
 
INFLATION SWAP - USCPI
 
EX 08/MAY/2023 1,900,000
 

 
3,640

 
 
INFLATION SWAP - FCPIX
 
EX 01/04/2021 100,000
 

 
3,874

 
 
INFLATION SWAP - FCPIX
 
EX 01/04/2021 700,000
 

 
26,818

 
 
INFLATION SWAP - FCPIX
 
EX 01/04/2021 1,000,000
 

 
38,738

 
 
INFLATION SWAP - FCPIX
 
EX 01/04/2021 300,000
 

 
11,621

 
 
INFLATION SWAP - FCPIX
 
EX 01/04/2021 5,000,000
 

 
193,688

 
 
INFLATION SWAP - FCPIX
 
EX 25/07/2021 4,600,000
 

 
78,520

 
 
INFLATION SWAP - FCPIX
 
EX 25/07/2021 4,600,000
 

 
78,520

 
 
INFLATION SWAP - FCPIX
 
EX 25/07/2021 3,100,000
 

 
53,269

 
 
IRS - LIBOR
 
EX 19/JUN/2043 6,200,000
 

 
1,300,654

 
 
IRS - LIBOR
 
EX 18/DEC/2043 12,200,000
 

 
926,713

 
 
IRS - LIBOR
 
EX 18/DEC/2043 2,500,000
 

 
189,900

 
 
IRS - LIBOR
 
EX 18/DEC/2043 1,300,000
 

 
98,748

 
 
IRS - LIBOR
 
EX 18/DEC/2043 1,200,000
 

 
91,152

 
 
SWAPTION - SOP
 
CALL SCTY EX 05/21/2014 1
 

 
1,076,033

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/21/2015 1
 

 
324,129

 
 
SWAPTION - SOP
 
CALL SCTY EX 04/14/2014 1
 

 
94,630

 
 
TOTAL DERIVATIVES RECEIVABLE
 
 
 
(667,410
)
 
5,452,169

MONEY MARKET FUNDS AND OTHER:
 
 

 
 

 
 
BLACKROCK DOMICILED MM FD
 
 12 SHARES
 
12

 
12

 
 
CASH COLLATERAL/MM FD
 
 3,490,000 SHARES
 
3,490,000

 
3,490,000

*
 
JPM US GOV'T/MMKT FD CAP'L SH'S
 
 285,275,555 SHARES
 
285,275,555

 
285,275,555

 
 
LBI OPEN POSITION NET/MM FD
 
 155,861 SHARES
 

 
65,462

 
 
TRUST RECEIPT MISC INC
 
 1 SHARE
 

 
1

 
 
TOTAL OTHER
 
 
 
288,765,567

 
288,831,030

 
 
SUBTOTAL INVESTMENTS
 
 
 
15,054,805,759

 
19,413,839,577

 
 
 
 
 
 
 
 
 
*
 
NOTES RECEIVABLE FROM
  PARTICIPANTS
 
INT RATE: 3.25 - 9.50%
 

 
463,672,756

 
 
 
 
 
 
 
 
 
 
 
TOTAL INVESTMENTS
 
 
 
$
15,054,805,759

 
$
19,877,512,333

*
PARTY-IN-INTEREST INVESTMENTS


46

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER:002 - EIN# 13/4994650
SCHEDULE OF ASSETS (ACQUIRED AND DISPOSED OF WITHIN YEAR)
FOR THE YEAR ENDED DECMEBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE, RATE OF INTEREST, COLLATERAL, PAR, OR
MATURITY VALUE
 
COSTS OF
ACQUISITIONS
 
PROCEEDS OF
DISPOSITION
FOLLOWING ARE THE PURCHASES AND SALES OF NON EXCLUDED ASSETS:
 
 
NON-U.S. GOVERNMENT SECURITIES AND AGENCY SECURITIES:
 
 
 
 
 
 
AUSTRALIA(COMMONWEALTH OF)
 
5.5% SEMI-ANN. 04/21/2023 100,000
 
$
121,680

 
$
123,122

 
 
AUSTRALIA(COMMONWEALTH OF)
 
5.5% SEMI-ANN. 01/21/2018 800,000
 
915,862

 
920,946

 
 
GERMANY(FEDERAL REPUBLIC)
 
ANNUAL FLT 04/15/2018 4,600,000
 
6,886,000

 
6,829,172

 
 
MEXICO(UNITED MEXICAN STATES)
 
VAR SEMI-ANN. FLT 06/16/2016 1,400
 
60,953

 
60,604

 
 
MEXICO(UNITED MEXICAN STATES)
 
VAR SEMI-ANN. FLT 12/18/2014 4,500
 
184,880

 
183,401

 
 
UK OF GREAT BRITAIN AND NORT
 
SEMI-ANN ZCP 11/22/2017 400,000
 
920,426

 
932,135

 
 
UK OF GREAT BRITAIN AND NORT
 
SEMI-ANN 0.38% 03/22/2062 100,000
 
212,939

 
201,358

 
 
UK OF GREAT BRITAIN AND NORT
 
SEMI-ANN ZCP 03/22/2044 850,000
 
1,374,583

 
1,467,266

DERIVATIVES:
 


 


 
 
EURO-BUND OPTION
 
EX 11/22/2013 SIZE 100,000
 

 
10,671

 
 
US 10YR
 
EX 04/26/2013 SIZE 100,000
 
(1,789
)
 
(4
)
 
 
US 10YR FUT OPTN
 
EX 08/23/2013 SIZE 100,000
 
(7,184
)
 

 
 
EURO-BUND OPTION
 
EX 11/22/2013 SIZE 100,000
 

 
8,039

 
 
FOREIGN EXCHANGE OPTION - FX
 
CALL SCTY EX 09/24/2013 1
 
26,000

 
43,680

 
 
3MO EURO
 
EX 12/14/2015 SIZE 2,500
 

 
4,985

 
 
US LONG BOND (CBT) FUTR
 
EX 12/19/2013 SIZE 100,000
 

 
(49,422
)
 
 
US LONG BOND (CBT) FUTR
 
EX 06/19/2013 SIZE 100,000
 

 
41,968

 
 
US LONG BOND (CBT) FUTR
 
EX 09/19/2013 SIZE 100,000
 

 
125,341

 
 
US 10YR NOTE (CBT) BOND
 
EX 09/19/2013 SIZE 100,000
 

 
(100,533
)
 
 
US 10YR NOTE (CBT) BOND
 
EX 09/19/2013 SIZE 100,000
 

 
158,366

 
 
US 10YR NOTE (CBT) FUTR
 
EX 12/19/2013 SIZE 100,000
 

 
3,588

 
 
US 10YR NOTE (CBT) FUTR
 
EX 06/19/2013 SIZE 100,000
 

 
76,091

 
 
US 5YR NOTE (CBT) FUTR
 
EX 12/31/2013 SIZE 100,000
 

 
484,584

 
 
US 5YR NOTE (CBT) FUTR
 
EX 09/30/2013 SIZE 100,000
 

 
(31,897
)
 
 
USD IRS 10YR PRIM FUTR
 
EX 12/16/2013 SIZE 1,000
 

 
(119,549
)
 
 
USD IRS 10YR PRIM FUTR
 
EX 09/16/2013 SIZE 1,000
 

 
146,818

 
 
USD IRS 30YR PRIM FUTR
 
EX 12/16/2013 SIZE 1,000
 

 
(12,796
)
 
 
USD IRS 30YR PRIM FUTR
 
EX 06/17/2013 SIZE 1,000
 

 
19,936

 
 
USD IRS 30YR PRIM FUTR
 
EX 09/16/2013 SIZE 1,000
 

 
67,726

 
 
90DAY EURO$ FUTR
 
EX 12/15/2014 SIZE 2,500
 

 
21,080

 
 
FOREIGN EXCHANGE OPTION - FX
 
CALL SCTY EX 05/31/2013 1
 
(8,355
)
 
(2,709
)
 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 04/16/2013 1
 
(17,083
)
 
(2,958
)
 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 04/16/2013 1
 
(6,675
)
 
(1,305
)
 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 09/24/2013 1
 
(15,520
)
 
(5,056
)
 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 04/16/2013 1
 
(22,883
)
 

 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 07/05/2013 1
 
(13,300
)
 

 
 
FOREIGN EXCHANGE OPTION - FX
 
PUT SCTY EX 07/05/2013 1
 
(12,390
)
 

 
 
FOREIGN EXCHANGE OPTION - FX
 
CALL SCTY EX 04/16/2013 1
 
(33,320
)
 
(41,370
)
 
 
FOREIGN EXCHANGE OPTION - FX
 
CALL SCTY EX 09/24/2013 1
 
(10,480
)
 
(17,712
)
 
 
INFLATION LINKED OPTION
 
CALL SCTY EX 09/29/2013 1
 

 

 
 
SWAPTION - SOP
 
CALL SCTY EX 10/24/2013 1
 
(186
)
 


47

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER:002 - EIN# 13/4994650
SCHEDULE OF ASSETS (ACQUIRED AND DISPOSED OF WITHIN YEAR)
FOR THE YEAR ENDED DECMEBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE, RATE OF INTEREST, COLLATERAL, PAR, OR
MATURITY VALUE
 
COSTS OF
ACQUISITIONS
 
PROCEEDS OF
DISPOSITION
DERIVATIVES (CONTINUED):
 


 


 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(490
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(840
)
 
(225
)
 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(700
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(1,050
)
 
(281
)
 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(2,648
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(4,368
)
 
(1,463
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 10/24/2013 1
 
(318
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 04/29/2013 1
 
(320
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 03/18/2013 1
 
(2,259
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 03/18/2013 1
 
(510
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 03/18/2013 1
 
(750
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 03/18/2013 1
 
(1,350
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 03/18/2013 1
 
(2,835
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 04/24/2013 1
 
(5,754
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 06/17/2013 1
 
(2,256
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 06/19/2013 1
 
(780
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 06/19/2013 1
 
(1,390
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/24/2013 1
 
(3,007
)
 

 
 
SWAPTION - SOP
 
 PUT SCTY EX 07/24/2013 1
 
(2,278
)
 

 
 
SWAPTION - SOP
 
 PUT SCTY EX 07/24/2013 1
 
(8,485
)
 

 
 
SWAPTION - SOP
 
 PUT SCTY EX 07/24/2013 1
 
(2,739
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 04/29/2013 1
 
(800
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 06/17/2013 1
 
(4,708
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 06/19/2013 1
 
(1,365
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 06/19/2013 1
 
(1,390
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 03/18/2013 1
 
(7,176
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 03/18/2013 1
 
(2,168
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 03/18/2013 1
 
(4,250
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 03/18/2013 1
 
(3,600
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 03/18/2013 1
 
(7,560
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(1,890
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(3,240
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(2,500
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(3,750
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(11,815
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(19,685
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 04/29/2013 1
 
(10,348
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 04/29/2013 1
 
(4,633
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 04/29/2013 1
 
(2,625
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(6,370
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(55,975
)
 


48

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER:002 - EIN# 13/4994650
SCHEDULE OF ASSETS (ACQUIRED AND DISPOSED OF WITHIN YEAR)
FOR THE YEAR ENDED DECMEBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE, RATE OF INTEREST, COLLATERAL, PAR, OR
MATURITY VALUE
 
COSTS OF
ACQUISITIONS
 
PROCEEDS OF
DISPOSITION
DERIVATIVES (CONTINUED):
 
 
 
 
 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(7,043
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(37,510
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 04/02/2013 1
 
(41,188
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 04/02/2013 1
 
(58,563
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 06/03/2013 1
 
(13,910
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 06/03/2013 1
 
(2,821
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 10/28/2013 1
 
(20,230
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 10/28/2013 1
 
(57,340
)
 
(15,475
)
 
 
SWAPTION - SOP
 
CALL SCTY EX 07/02/2013 1
 
(8,280
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/02/2013 1
 
(8,280
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/02/2013 1
 
(17,460
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/02/2013 1
 
(48,500
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/24/2013 1
 
(13,667
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/24/2013 1
 
(14,231
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/24/2013 1
 
(1,771
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/24/2013 1
 
(3,616
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(15,930
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(9,900
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(9,075
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(2,100
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(5,610
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(24,210
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(8,400
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(6,425
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(3,600
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 07/29/2013 1
 
(18,300
)
 

 
 
SWAPTION - SOP
 
CALL SCTY EX 09/03/2013 1
 
(2,835
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/03/2013 1
 
(6,480
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(24,945
)
 
(57,800
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(15,950
)
 
(37,400
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(17,160
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(3,750
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(10,500
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(20,265
)
 
(79,900
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(16,680
)
 
(40,800
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(8,405
)
 
(9,300
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(11,340
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 07/29/2013 1
 
(18,300
)
 
(4,080
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 09/30/2013 1
 
(224,981
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 09/30/2013 1
 
(4,370
)
 

 
 
SWAPTION - SOP
 
PUT SCTY EX 11/29/2013 1
 
(8,700
)
 
(210
)
 
 
SWAPTION - SOP
 
PUT SCTY EX 11/29/2013 1
 
(73,440
)
 
(1,785
)
 
 
US 10YR FUT OPTN
 
PUT SCTY EX 08/23/2013 100,000
 
(12,278
)
 

 
 
US 10YR P129
 
PUT SCTY EX 04/26/2013 1,000
 
(2,823
)
 


49

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER:002 - EIN# 13/4994650
SCHEDULE OF ASSETS (ACQUIRED AND DISPOSED OF WITHIN YEAR)
FOR THE YEAR ENDED DECMEBER 31, 2013
(IRS FORM 5500 - SCHEDULE H - PART IV - LINE 4I)


(A)
 
(B)
 
(C)
 
(D)
 
(E)
 
 
IDENTITY OF ISSUE, BORROWER,
LESSOR, OR SIMILAR PARTY
 
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE, RATE OF INTEREST, COLLATERAL, PAR, OR
MATURITY VALUE
 
COSTS OF
ACQUISITIONS
 
PROCEEDS OF
DISPOSITION
SECURITIES SOLD SHORT:
 
 
 
 
 
 
TBA FNMA
 
4.00% 05/25/2044 13,000,000
 
(13,883,594
)
 
(13,870,391
)
 
 
TBA FNMA
 
5.50% 05/25/2044 16,000,000
 
(17,439,375
)
 
(17,399,375
)
 
 
TBA FNMA
 
3.50% 04/25/2044 7,000,000
 
(7,330,313
)
 
(7,396,484
)


50



THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 2013
(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4J)

(A)
 
(B)
 
(C)
 
(D)
 
(F)
 
(G)
 
(H)
 
(I)
IDENTITY
OF PARTY
INVOLVED
 
DESCRIPTION OF ASSET (INCLUDE
INTEREST RATE AND MATURITY IN CASE
OF A LOAN)
 
PURCHASE
PRICE
 
SELLING
PRICE
 
EXPENSE
INCURRED
WITH
TRANSACTION
 
COST OF
ASSET
 
CURRENT
VALUE OF
ASSET ON
TRANSACTION DATE
 
NET GAIN OR (LOSS)
SERIES OF TRANSACTIONS — SCHEDULE H, PART IV, LINE 4J
 
 
 
 
 
 
 
 
 
 
 
 
BLACKROCK RUSSELL 2000 INDEX FD, 225 BUYS
 
VARIOUS

 
 
 
$

 
$
646,251,255

 
$
646,251,255

 
$

 
 
BLACKROCK RUSSELL 2000 INDEX FD, 307 SELLS
 
 
 
VARIOUS

 

 
600,557,477

 
636,006,089

 
35,448,612

*
 
JPM CHASE & CO COM STOCK, 74 BUYS
 
VARIOUS

 
 
 
170,961

 
499,402,070

 
499,231,113

 
4

*
 
JPM CHASE & CO COM STOCK, 139 SELLS
 
 
 
VARIOUS

 
304,049

 
635,115,321

 
843,499,197

 
208,079,827

*
 
JPM U.S. GOV’T MM FD/CAPITAL SHARES, 1,594 BUYS
 
1.00

 
 
 

 
3,739,718,879

 
3,739,718,879

 

*
 
JPM U.S. GOV’T MM FD/CAPITAL SHARES, 1,672 SELLS
 
 
 
1.00

 

 
3,823,899,034

 
3,823,899,034

 

 
 
U.S. OF AMERICA TREASURY NOTES TIPS, 109 BUYS
 
VARIOUS

 
 
 

 
694,860,804

 
694,860,804

 

 
 
U.S. OF AMERICA TREASURY NOTES TIPS, 106 SELLS
 
 
 
VARIOUS

 

 
722,866,973

 
716,533,756

 
(6,333,217
)
 
 
U.S. OF AMERICA TREASURY NOTES 1.625%, 63 BUYS
 
VARIOUS

 
 
 

 
2,370,066,816

 
2,370,066,816

 

 
 
U.S. OF AMERICA TREASURY NOTES 1.625%, 60 SELLS
 
 
 
VARIOUS

 

 
2,293,337,441

 
2,299,716,905

 
6,379,464

 
 
U.S. OF AMERICA TREASURY NOTES 2.00%, 17 BUYS
 
VARIOUS

 
 
 

 
447,608,915

 
447,608,915

 

 
 
U.S. OF AMERICA TREASURY NOTES 2.00%, 12 SELLS
 
 
 
VARIOUS

 

 
447,608,914

 
447,475,984

 
(132,930
)
 
 
U.S. OF AMERICA U.S. GOV'T FIXED, 70 BUYS
 
VARIOUS

 
 
 

 
687,347,335

 
687,347,335

 

 
 
U.S. OF AMERICA U.S. GOV'T FIXED, 68 SELLS
 
 
 
VARIOUS

 

 
633,834,982

 
633,803,151

 
(31,831
)
NOTE 1:
THE THRESHOLD FOR REPORTING TRANSACTIONS UNDER DEPARTMENT OF LABOR PROVISIONS IS FIVE PERCENT OF THE FAIR VALUE OF THE PLAN’S NET ASSETS AT THE BEGINNING OF THE YEAR OF $16,661,395,587. FIVE PERCENT OF THIS AMOUNT IS $833,069,779.
NOTE 2:
COLUMN ‘(E) LEASE RENTAL’ HAS BEEN OMITTED, AS THERE IS NO DATA TO REPORT IN THIS COLUMN.
*
PARTY-IN-INTEREST INVESTMENTS


51


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Net Assets Available For Benefits



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
The JPMorgan Chase 401(k) Savings Plan
 
(Registrant)
 
 
By:
/s/ Mark W. O'Donovan
 
Mark W. O'Donovan
 
 
 
Managing Director and Corporate Controller
 
(Principal Accounting Officer)
 
 
 
 
Date: June 27, 2014
 


52


THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Net Assets Available For Benefits



INDEX TO EXHIBIT

Exhibit No.
 
Description of Exhibit
 
Page at which located
 
 
 
 
 
23
 
Consent of Independent Registered Public Accounting Firm
 
54



53