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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arkansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Austin Community College District Public Facility Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX Water &amp; Wastewater System Revenue</name>
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        <name>Baldwin County Industrial Development Authority</name>
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        <name>County of Bastrop TX</name>
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        <name>Bastrop Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US070329X361"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Duluth Independent School District No. 709</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fort Worth Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Geisinger Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Georgetown TX Utility System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Glendale AZ Excise Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glenview Park District</name>
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          <isin value="US379028RY15"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>Grady County School Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Parkway Transportation Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grundy &amp; Kendall Counties Consolidated Grade School District No. 60-C/IL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Territory of Guam</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harris County-Houston Sports Authority</name>
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          <isin value="US413890HH02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Harris County-Houston Sports Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2022B</title>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Lewisville Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisa Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Lubbock TX Electric Light &amp; Power System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Northampton PA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Northville Public Schools</name>
        <lei>N/A</lei>
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        <cusip>667230UH7</cusip>
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          <isin value="US667230UH70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northville Public Schools</name>
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          <isin value="US667230UJ37"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US667826FN63"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677523KK72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
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        <valUSD>1086113.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2020A</title>
        <cusip>67766WYS5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma City Public Property Authority</name>
        <lei>N/A</lei>
        <title>Oklahoma City Public Property Authority, Sales Tax, Series 2026</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma County Independent School District No. 52 Midwest City-Del City</name>
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        <cusip>678807RQ3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma County Independent School District No. 52 Midwest City-Del City</name>
        <lei>N/A</lei>
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        <cusip>678807SB5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Palm Coast FL Utility Revenue</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Panther Valley School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
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        <name>Panther Valley School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rhode Island Commerce Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Richmond VA Public Utility Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Round Rock Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>S &amp; S Consolidated Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Authority of Southcentral Pennsylvania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeast Community College Area</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tampa Bay Water</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp., Health Resources System, Series 2025C</title>
        <cusip>87638TJU8</cusip>
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          <isin value="US87638TJU88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
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        <cusip>87638TJW4</cusip>
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          <isin value="US87638TJW45"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant Regional Water District Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District Water Supply System, Series 2026</title>
        <cusip>876443WG3</cusip>
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          <isin value="US876443WG38"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Temple Independent School District/TX</name>
        <lei>N/A</lei>
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          <isin value="US880081SH81"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tennergy Corp./TN</name>
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        <title>Tennergy Corp., Gas Supply, Series 2021A</title>
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          <isin value="US880397BW31"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213AKW44"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Municipal Gas Acquisition and Supply Corp. I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Texas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas State University System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <isin value="US8828543D29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HD7</cusip>
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          <isin value="US888808HD75"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Toledo OH</name>
        <lei>549300I365GIDPR4BM68</lei>
        <title>City of Toledo, Series 2023</title>
        <cusip>889278ZY6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>City of Waukegan IL Water &amp; Sewer System Revenue</name>
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          <isin value="US943011JX59"/>
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        <curCd>USD</curCd>
        <valUSD>687949.74000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <cusip>943011JY3</cusip>
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          <isin value="US943011JY33"/>
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        <curCd>USD</curCd>
        <valUSD>719415.03000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Travis County Public Utility Agency</name>
        <lei>549300O1CP7CFGPMMX97</lei>
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          <isin value="US95632CDG15"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Valley City Municipal Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US95640EHX67"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>729960.77000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Valley City Municipal Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US95640EHZ16"/>
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        <curCd>USD</curCd>
        <valUSD>1086001.74000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City of Wichita KS</name>
        <lei>549300Y20JVN3VP2V718</lei>
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        <cusip>967323AJ5</cusip>
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          <isin value="US967323AJ58"/>
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        <balance>465000.00000000</balance>
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        <valUSD>467447.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Will County Forest Preserve District</name>
        <lei>N/A</lei>
        <title>Will County Forest Preservation District, Limited Tax, Series 2018</title>
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          <isin value="US968661HR26"/>
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        <balance>805000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Housing and Economic Development Authority, Home Ownership</name>
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        <title>Wisconsin Housing and Economic Development Authority, Home Ownership, Series 2024C</title>
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          <isin value="US97689QWD41"/>
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        <balance>1435000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wyandotte County Unified School District No. 202 Turner</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
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  <documents>XXXX</documents>
</edgarSubmission>
