SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
WASHINGTON, D.C. 20549
FORM 10-K/A
Annual Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Annual Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
| For the fiscal year ended | Commission file | |
| December 31, 2005 | number 1-5805 |
JPMorgan Chase & Co.
(Exact name of registrant as specified in its charter)
| Delaware | 13-2624428 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification no.) |
|
| 270 Park Avenue, New York, N.Y. | 10017 | |
| (Address of principal executive office) | (Zip Code) |
Registrant’s telephone number, including area code: (212) 270-6000
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule
405 of the Securities Act. x Yes o No
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act. o Yes x No
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. x Yes o No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of
Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K. x
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated
filer, or a non-accelerated filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act.
(Check one): x Large accelerated filer o Accelerated filer o Non-accelerated filer
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of
the Exchange Act). o Yes x No
The undersigned registrant hereby amends the following items, financial statements,
exhibits or other portions of its Annual Report on Form 10-K for the fiscal year ended December 31,
2005, as set forth in the pages attached hereto:
Exhibit 22.1-Annual Report on Form 11-K of The JPMorgan Chase
401(k) Savings Plan for the fiscal year ended December 31,
2005.
Page 1 of 46
Exhibit Index on page 45
Exhibit Index on page 45
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
(Mark One)
ý ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2005
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
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
(Full title of the plan)
JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
270 Park Avenue
New York, New York 10017
(Name of issuer of securities held pursuant to the plan and the address of principal executive office)
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other
persons who administer the employee benefit plan) have duly caused this annual report to be signed
on its behalf by the undersigned, thereunto duly authorized.
| THE JPMORGAN CHASE 401(k) SAVINGS PLAN | ||||||
| By: | /s/ Joseph L. Sclafani | |||||
| Joseph L. Sclafani |
||||||
| JPMorgan Chase & Co. |
||||||
| Executive Vice President and Controller |
||||||
| (Principal Accounting Officer) |
||||||
Date: June 21, 2006
2
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Table of Contents
| Page | ||||
| Number(s) | ||||
| 4 | ||||
| 5 | ||||
| 6 | ||||
| 7-22 | ||||
| 23-35 | ||||
| 36-42 | ||||
| 43 | ||||
| 44 | ||||
| 45 | ||||
3
Table of Contents
Report of Independent Registered Public Accounting Firm
To the Participants and Plan Administrator of
The JPMorgan Chase 401(k) Savings Plan:
We have audited the accompanying statements of net assets available for benefits of The
JPMorganChase 401(k) Savings Plan (the “Plan”) as of December 31, 2005 and 2004, and the related
statements of changes in net assets available for benefits for the years then ended. These
financial statements 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 audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit 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, 2005 and 2004, and
the changes in 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 performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental schedules of (1) assets (held at end of year) as of December 31,
2005, (2) investment assets both acquired and disposed of within the plan year for the year ended
December 31, 2005, and (3) reportable transactions for the year ended December 31, 2005 are
presented for the purpose of additional analysis and are not a required part of the basic 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.
These supplementary schedules are the responsibility of the Plan’s management. The supplemental
schedules have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated in all material respects in relation to
the basic financial statements taken as a whole.
| /s/ Mitchell & Titus, LLP | ||||||
| Mitchell & Titus, LLP |
New York, New York
June 21, 2006
June 21, 2006
4
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
| FINANCIAL STATEMENTS |
Statements of Net Assets Available For Benefits
As of December 31, 2005 and 2004
As of December 31, 2005 and 2004
| Assets: | 2005 | 2004 | ||||||
Investments: |
||||||||
JPMorgan Chase & Co. and other common stocks |
$ | 3,486,813,922 | $ | 3,460,030,273 | ||||
Common/collective trust funds |
2,160,219,358 | 1,420,601,494 | ||||||
Registered investment companies (mutual funds) |
1,791,540,119 | 3,237,021,845 | ||||||
Guaranteed investment contracts |
1,677,691,605 | 1,582,230,490 | ||||||
Plan’s share of the Master Trust (Note 5) |
1,674,192,269 | 965,716,333 | ||||||
Corporate debt instruments |
492,039,223 | 205,555,913 | ||||||
Loans to plan participants |
280,389,279 | 278,214,357 | ||||||
United States government-sponsored enterprise
obligations |
72,155,451 | 35,002,151 | ||||||
Certificates of deposit |
42,483,951 | 23,044,141 | ||||||
Money market funds |
12 | 12 | ||||||
Total investments |
11,677,525,189 | 11,207,417,009 | ||||||
Cash |
— | 4,162,694 | ||||||
Contributing employers contributions receivable |
9,508,739 | 2,708,248 | ||||||
Participants’ contribution receivable |
18,065,176 | — | ||||||
Dividends and interest receivable |
3,033,525 | 1,137,739 | ||||||
Other receivables |
2,615,066 | 3,201 | ||||||
Total assets |
11,710,747,695 | 11,215,428,891 | ||||||
Liabilities: |
||||||||
Payable for securities purchased |
142,775 | 10,394,440 | ||||||
Payable under securities lending agreements |
71,025,568 | 3,972,668 | ||||||
Interest purchased |
— | 3,201 | ||||||
Cash overdraft |
12,640,567 | — | ||||||
Accrued expenses |
136,055 | 313,931 | ||||||
Total liabilities |
83,944,965 | 14,684,240 | ||||||
Net assets available for benefits |
$ | 11,626,802,730 | $ | 11,200,744,651 | ||||
The accompanying notes to financial statements are an integral part of these statements.
5
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Statements of Changes in Net Assets Available for Benefits
For the Years Ended December 31, 2005 and 2004
For the Years Ended December 31, 2005 and 2004
| 2005 | 2004 | |||||||
Contributions: |
||||||||
Employer |
$ | 221,556,987 | $ | 138,714,586 | ||||
Participants |
616,386,431 | 338,477,702 | ||||||
Total contributions |
837,943,418 | 477,192,288 | ||||||
Investment activities: |
||||||||
Dividends from JPMorgan Chase & Co. common stock |
118,168,301 | 72,765,018 | ||||||
Interest |
31,151,758 | 29,309,635 | ||||||
Other dividends |
80,790,071 | 53,356,452 | ||||||
Investment income from Plan’s interest in Master Trust |
54,212,156 | 26,907,992 | ||||||
Net appreciation in fair value
of investments including Master Trust |
309,237,017 | 532,499,237 | ||||||
Increase in net assets available for benefits derived from
investment activities |
593,559,303 | 714,838,334 | ||||||
Deductions: |
||||||||
Benefits paid to participants |
(1,020,380,915 | ) | (571,855,616 | ) | ||||
Expenses |
(1,403,071 | ) | (310,230 | ) | ||||
Net change during the year |
409,718,735 | 619,864,776 | ||||||
Transfers from other plans |
16,339,344 | 3,532,561,777 | ||||||
Net assets available for benefits at beginning of year |
11,200,744,651 | 7,048,318,098 | ||||||
Net assets available for benefits at end of year |
$ | 11,626,802,730 | $ | 11,200,744,651 | ||||
The accompanying notes to financial statements are an integral part of these statements.
6
Table of Contents
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 (“Bank”), a national banking association with branches in
17 states, and a wholly-owned bank subsidiary of JPMorgan Chase & Co (“JPMorgan Chase” or the
“Firm”). The Bank was organized in the legal form of a banking corporation under the laws of the
State of New York on November 26, 1968, for an unlimited duration. On November 13, 2004, the Bank
converted from a New York State banking corporation to a national banking association
(“Conversion”). JPMorgan Chase is a financial holding company incorporated under Delaware law in
1968, a leading global financial services firm and one of the largest banking institutions in the
United States, with operations worldwide. The Firm is a leader in investment banking, financial
services for consumers and businesses, financial transaction processing, investment management,
private banking and private equity.
On July 1, 2004, Bank One Corporation merged with and into JPMorgan Chase. The Bank One
Corporation Savings and Investment Plan merged with and into the Plan as of December 31, 2004.
(See Note 11 for more details).
The following is a general description of the Plan. Participants should refer to the Plan
document for a more complete description of the Plan.
General
The Plan enables eligible employees of JPMorgan Chase and certain of its affiliated companies
to accumulate a fund, the value of which is to be applied for their benefit upon retirement or
termination of employment. Under the Plan, a participant (“Participant”) may elect to have the
Participant’s eligible compensation reduced on a pre-tax basis by a specified percentage; the
amount of such reduction is contributed on the Participant’s behalf by the Participant’s
contributing employer (“Contributing Employer”) and allocated to the Participant’s account under
the Plan. The Contributing Employer will generally make a matching contribution (“Matching
Contribution”) as discussed below. All amounts contributed to a Participant’s account under the
Plan are held in a trust fund (“Trust Fund”).
Full-time employees are eligible to enroll in the Plan as of their first day of employment.
Beginning in 2005, part-time employees are eligible to participate after completing 90 days of
service. Generally, any employee who is employed on an hourly, occasional, casual, temporary,
seasonal, intern, or retainer basis, or an individual who is on a non-U.S. dollar payroll, or any
individual who would be deemed to be an employee of a Contributing Employer under the employee
leasing provisions of Section 414(n) of the Internal Revenue Code of 1986, as amended (“Code”), is
not eligible to participate in the Plan.
The Plan is administered by the Plan Administrator who is appointed by the Board of Directors
of JPMorgan Chase or the Bank. 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.
Contributions
Deferred Contributions
The Plan allows Participants to defer on a pre-tax basis through payroll deductions up to 20%
(in 1% increments) of their eligible compensation per pay period subject to certain legal
limitations (“Deferred Contributions”). Prior to 2005, the Plan limited certain highly compensated
employees to a 5% deferral rate. 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
7
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
plans. The maximum amount of Deferred Compensation may not exceed the applicable statutory limit,
i.e., $14,000 in 2005 and $13,000 in 2004. The maximum annual eligible compensation under the Plan
may not exceed the applicable statutory limit under Section 401(a) (17) of the Code, i.e., $210,000
in 2005 and $205,000 in 2004. In addition, Participants who are age 50 or older are permitted to
make additional pre-tax contributions known as “catch-up” contributions. The applicable statutory
limit for catch-up contributions is $4,000 in 2005 and $3,000 in 2004.
Employer Contributions
Generally, except as discussed below, each Contributing Employer makes a matching contribution
on behalf of each Participant who has completed one year of service in an amount equal to 100% of
such Participant’s Deferred Contributions up to 5% of such Participant’s eligible compensation each
pay period. Participants whose annual total cash compensation is $250,000 or more are not eligible
to receive matching contributions. This determination is made as of each August 1 and applies for
the next succeeding calendar year. Prior to 2005, this provision only applied to participants in
the following business segments or units: Investment Bank, Asset & Wealth Management, the Private
Equity business, and the Market Risk Management unit.
Prior to 2005, the Plan provided for a “matching true-up contribution” feature. Under the
“matching true-up contribution” feature, at the end of each calendar year, the Deferred
Contributions as a percentage of eligible compensation of a Participant who is employed on December
31 was compared to that Participant’s average rate of Matching Contributions as a percentage of
eligible compensation. Eligible compensation was based on the period during the calendar year in
which the Participant was eligible for Matching Contributions. If the Participant’s Deferred
Contribution rate (but not more than 5%) exceeded the Participant’s average rate of Matching
Contributions, the Participant received a matching true-up contribution equal to such excess. The
balance of the annual matching true-up for the year was automatically credited to the account of
the eligible participant early in the following year.
A Participant may elect to have 100% of their Matching Contributions invested in the same
manner as their Deferred Contributions. If a Participant fails to make such an election, Matching
Contributions will be invested in the Plan’s JPMorgan Chase Common Stock Fund.
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’s); contributory individual retirement accounts; and governmental plans. After-tax
rollovers are not accepted by the Plan.
Dividend Election
A Participant may elect to have any vested JPMorgan Chase Common Stock Fund dividend income
distributed to them on a quarterly basis; 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 that Fund. Prior to 2005, dividend
payments with respect to unvested matching contributions were automatically reinvested in the
Participant’s account in that Fund.
Vesting
A Participant’s Deferred Contributions are always 100% vested, including any associated
investment performance (or “earnings”). Effective January 1, 2005, Participants were immediately
100% vested in the value of the Matching Contributions, including any associated investment
performance. Prior to January 1, 2005, a Participant became vested in the Plan after completing
three years of service. However, if a Participant was involuntarily terminated due to job
elimination, the Participant became fully vested in the value of their account balance regardless
of their years of service.
8
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Matching Contributions that were forfeited prior to January 1, 2005 were used to reduce a
Contributing Employer’s future Matching Contributions and/or for administrative expenses.
Forfeitures for the year ended December 31, 2004 was $4,028,392.
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, if any, or contributions rolled over from another
qualified plan or IRA. 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 59 1/2 or for reasons of financial hardship, provided, however, that earnings realized after
December 31, 1988, on Deferred Contributions and certain other deferred contributions under prior
plans are not available for hardship withdrawal.
Payment of Vested Benefits
A Participant who terminates employment may elect to receive the value of their vested
benefits 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, then the value of the vested
benefits is distributed to the Participant’s estate.
A terminated Participant whose vested account balance under the Plan (including loans) is
greater than $1,000 ($5,000 prior to 2005) may elect to (1) receive a lump sum payment; (2) obtain
a rollover payment to an IRA or another employer’s qualified plan; (3) receive monthly (beginning
in 2005), quarterly or annual installments of at least $500 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 70 1/2. 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 ($5,000 prior to
2005), the account balance, less any required income tax withholding, will be paid to the
Participant in a single lump sum. However, if the Participant elects to roll over the distribution
to an IRA or another employer’s qualified plan, the entire account balance will be distributed
(i.e., there will be no tax withholding).
Loans
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. A
Participant is limited to no more than six loans outstanding at any time. Loan principal and
interest are paid through payroll deductions. Loan transactions are reported in the Statements of
net assets available for benefits as Loans to plan participants.
9
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
| 2. | Investment Program |
The net assets available for benefits of the Plan at December 31, 2005 and 2004, are held in a
Trust Fund administered by the Bank, as trustee (“Trustee”), to be invested and distributed in
accordance with the Plan and the trust agreement under which the Trust Fund was established.
As of December 31, 2005, the 26 investment options consist of 22 core investment funds,
including six fixed-income funds, twelve domestic equity funds, and four international equity
funds, the JPMorgan Chase common stock fund (each with a corresponding core master trust fund) and
three lifestyle portfolios. The lifestyle portfolios invest in a fixed but different mix of core
unit trust options to provide Participants with varying risks/return profiles.
Fund transactions are processed on a daily basis. Master trust funds have been established to
keep records of Participants’ daily transactions and account balances. JPMorgan Retirement Plan
Services, 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.
At its discretion, the Bank may place restrictions on investments in the funds and on daily
transfers and reallocations among Funds. Certain limitations were placed on transfers and/or
reallocations that could occur among the Plan’s four
international funds. No amount – including
any prior balance – can be transferred and/or reallocated out of the International Large Cap Index
Fund, the International Large Cap Value Fund, International Large Cap Core Fund or the
International Small Cap Fund for 30 calendar days from the date of the initial
transfer/reallocation transaction.
A brief description of the 26 investment funds (22 core investment funds with corresponding 22
core unit trust funds, the JPMorgan Chase Stock Fund, and the three lifestyle funds) follows:
Core Investment Funds
Fixed Income (six funds):
Short-Term
Fixed Income Fund – The Fund invests primarily in short-term, fixed-income
securities issued or fully guaranteed by the United States government or its agencies, certificates
of deposit, commercial paper, bankers’ acceptances, short-term corporate bonds, mortgage and
asset-backed securities, floating-rate securities and repurchase agreements. The Fund may invest in
units of collective trust funds that invest in such assets. The Fund is managed by two investment
managers, JPMorgan Asset Management (USA) Inc. and Smith Graham & Company.
Stable
Value Fund – The Fund invests in a portfolio of actively managed bonds as well as
fixed-rate investment contracts (“FRICs”) issued by insurance companies and banks, and other stable
value investments. The bond portfolio includes “book-value wrapper contracts” issued by banks or
insurance companies, which tend to smooth returns over time and protect against losses on a daily
basis. The investments may also include futures and other derivative instruments, and JPMorgan
Asset Management (USA) Inc. managed commingled funds, that invest in the assets referred to above.
Depending on anticipated Participant requests for reallocations or transfers, loans and
withdrawals, the manager of the Fund is authorized to hold varying levels of cash or short-term
liquid investments as cash reserves. The Fund is managed by JPMorgan Asset Management (USA) Inc.
Government
Inflation-Protected Bond Fund – The Fund primarily invests in inflation-indexed
bonds issued by the U.S. government and U.S. government agencies and instrumentalities. Up to 20%
of the Fund’s assets may be
10
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
invested in U.S. treasuries, agencies and instrumentalities that are not indexed to inflation.
Investments may include futures, options, bond swaps and other derivatives, securities, and units
in collective trust funds that invest in fixed-income securities. Depending on market conditions,
as well as anticipated Participant requests for reallocations or transfers, loans, and withdrawals,
the manager of the Fund is authorized to hold varying levels of cash or short-term liquid
investments as cash reserves. The Fund is managed by Western Asset Management.
Core Bond Fund (mutual fund) – This Fund became available on January 1, 2005. The Fund seeks
to achieve its investment objective by purchasing the Ultra share class of the JPMorgan Core Bond
Fund – a registered, open-ended investment company or mutual fund. The JPMorgan Core Bond Fund
seeks to maximize total return by investing in all types of debt securities rated as investment
grade (or unrated debt securities which the manager determines to be of comparable quality), as
well as preferred stock and loan participations. The Fund is managed by JPMorgan Investment
Advisors.
Intermediate Bond Fund – The Fund invests in bonds, notes, trust and participation
certificates, insurance and bank contracts, and other evidences of indebtedness or property
(secured or unsecured) with a fixed or floating-rate of return. These investments may include
futures and derivatives, securities, and units in collective trust funds that invest in
fixed-income securities. Depending on market conditions, as well as anticipated Participant
requests for reallocations or transfers, loans, and withdrawals, the manager of the Fund is
authorized to hold varying levels of cash or short-term liquid investments as cash reserves. The
Fund is managed by Western Asset Management.
High Yield Bond Fund – The Fund invests in bonds, notes, convertible bonds, asset-backed
securities, insurance and bank contracts and other evidence of indebtedness, shares of preferred
stock, as well as equity securities received from restructured companies. These investments may
include futures and derivatives, securities and units in collective trust funds that invest in
fixed-income securities. The majority of the Fund’s investments are speculative. Depending on
market conditions, as well as anticipated Participant requests for reallocations or transfers,
loans, and withdrawals, the manager of the Fund is authorized to hold varying levels of cash or
short-term liquid investments as cash reserves. The Fund is managed by Mackay Shields LLC.
Domestic Equity (twelve funds):
Large Cap Value Index Fund – The Fund is passively managed as an indexed fund that invests
directly or indirectly in stocks comprising the Russell 1000 Value Index and, from time to time,
futures. The Fund is currently invested in a collective trust fund that invests in such stocks and
futures. Depending on anticipated Participant requests for reallocations or transfers, loans, and
withdrawals, the manager of the Fund is authorized to hold varying levels of cash or short-term
investments as cash reserves. The Fund is managed by Barclays Global Investors, N.A.
Large Cap Value Fund – The Fund generally invests in large-sized U.S. corporations that have
a market capitalization in excess of $5 billion. The manager seeks to invest in attractively
priced stocks of companies with promising financial outlooks and the potential for improved
investor perception. The manager generally selects common stocks of companies with earnings,
revenues, and dividend streams that are inexpensive relative to their history, sector, and/or the
market as a whole. Depending on market conditions, as well as anticipated Participant requests for
reallocations or transfers, and/or loans and withdrawals, the manager of the Fund is authorized to
hold varying levels of cash or short-term liquid investments as cash reserves. The Fund was
managed by AllianceBernstein (Alliance Capital Management L.P.). Effective December 31, 2005, the
Fund is managed by T. Rowe Price Associates, Inc.
Growth and Income Fund (mutual fund) – The Fund seeks to achieve its investment objectives by
purchasing the institutional shares of the JPMorgan Value Opportunities Fund – a registered,
open-ended investment company or mutual fund. The JPMorgan Value Opportunities Fund seeks long-term
capital appreciation by investing at least 80% of its assets in equity securities of mid- and
large-capitalization stocks at the time of purchase. The manager builds a portfolio that it
believes has characteristics of undervalued securities. The Fund is managed by JPMorgan Asset
Management (USA) Inc.
11
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
S&P 500 Index Fund – The Fund is passively managed as an index fund that invests directly or
indirectly in stocks comprising the S&P 500 Index and, from time to time, futures. The Fund is
currently invested in a collective trust fund that invests in such stocks and futures. Depending on
anticipated Participant requests for reallocations or transfers, loans and withdrawals, the manager
of the Fund is authorized to hold varying levels of cash or short-term liquid investments as cash
reserves. The Fund is managed by Barclays Global Investors, N.A.
Large Cap Growth Index Fund – The Fund is passively managed as an index fund that invests
directly or indirectly in stocks comprising the Russell 1000 Growth Index and, from time to time,
futures. The Fund is currently invested in a collective trust fund that invests in such stocks and
futures. Depending on anticipated Participant requests for reallocations or transfers, loans and
withdrawals, the manager of the Fund is authorized to hold varying levels of cash or short-term
liquid investments as cash reserves. The Fund is managed by Barclays Global Investors, N.A.
Large Cap Growth Fund – The Fund invests in common stocks of U.S. corporations that generally
have a market capitalization in excess of $5 billion. The Fund may also invest in equity futures,
options, derivatives and units in collective trust funds that invest in equity securities. The
manager selects stocks that show potential for capital growth based on proprietary modeling of
individual earnings and other research. The Fund will generally own 40-50 large-cap stocks
categorized as positive business catalyst (i.e., possessing potential for positive change), stable
growth and/or high growth. The Fund is managed by Janus Capital Management, LLC.
Capital Growth Fund (mutual fund) – The Fund seeks to achieve its investment objective by
purchasing the institutional shares of the American Century Ultra Fund – a registered open-ended
investment company or mutual fund. The American Century Ultra Fund seeks long-term capital growth
by investing in common stock of companies with accelerating earnings and revenue growth. The Fund
generally invests in larger companies with market capitalization in excess of $5 billion. The Fund
is managed by American Century Investment Management. JPMorgan Chase has a 43% interest in
American Century Companies, Inc., which indirectly wholly-owns American Century Investment
Management.
Mid Cap Value Fund – The Fund generally invests in common stocks of medium-sized U.S.
corporations that have a market capitalization of between $2 billion and $15 billion. The Fund
strategy is to implement a value-based portfolio through the use of quantitative modelling,
fundamental analysis, and risk controls designed to outperform its benchmark while minimizing
portfolio risk. Depending on market conditions, as well as anticipated Participant requests for
reallocations or transfers, and/or loans and withdrawals, the manager of the Fund is authorized to
hold varying levels of cash or short-term liquid investments as cash reserves. The Fund was
managed by Ariel Capital Management, LLC. Effective December 31, 2005, the Fund is managed by
Earnest Partners, LLC.
Mid Cap Growth Fund (mutual fund) – This Fund became available on January 1, 2005. The Fund
seeks to achieve its investment objectives by purchasing the Select shares of the JPMorgan Capital
Growth Fund – a registered, open-ended investment company or mutual fund. The JPMorgan Capital
Growth Fund attempts to achieve long-term growth by investing in common stocks of medium sized
companies (i.e., generally those with market capitalization of between $2 billion and $15 billion)
with strong potential growth. This Fund is managed by JPMorgan Asset Management (USA) Inc.
Small Cap Index Fund – The Fund is passively managed as an indexed fund that invests directly
or indirectly in stocks of companies comprising the Russell 2000 Index and, from time to time,
futures. The Fund is currently invested in a collective trust fund that invests in such stocks and
futures. Depending on anticipated Participant requests for reallocations or transfers, loans and
withdrawals, the manager of the Fund is authorized to hold varying levels of cash or short-term
liquid investments as cash reserves. The Fund is managed by Barclays Global Investors, N.A.
Small Cap Core Fund (mutual fund) – Effective December 7, 2004, the Fund seeks to achieve its
investment objective by purchasing the Select shares of the JPMorgan Small Cap Core Fund – a
registered, open ended investment company or mutual fund. The JPMorgan Small Cap Core Fund, under
normal circumstances, invests at least 80% of its total assets in common stocks of small-cap
companies (i.e., generally those with market capitalization under $1.5
12
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
billion at the time of investment). The Fund will generally own 500-700 small-cap stocks.
The manager ranks companies in each sector group according to their relative value utilizing a
variety of models that quantify its research team’s findings. The manager builds a portfolio using
the research and valuation rankings as a basis. Prior to December 7, 2004, the Fund purchased
institutional shares of the JPMorgan Small Cap Equity Fund. The Fund is managed by JPMorgan Asset
Management (USA) Inc.
Small Cap Blend Fund – This Fund became available on January 1, 2005. The Fund invests in
common stock of U.S. corporations that generally have a market capitalization between $200 million
and $2 billion. The Fund may also invest in equity futures, options, derivatives, and units in
collective trust funds that invest in equity securities. The manager selects common stock of
companies it considers to have attractive valuations and superior projected earnings growth. The
fund will generally own 110-135 small-cap stocks. Depending on market conditions, as well as
anticipated Participants requests for allocations or transfers, loans, and withdrawals, the manager
of the Fund is authorized to hold varying levels of cash or short-term liquid investments as cash
reserves. The Fund is managed by Jennison Associates, LLC.
International Equity Funds (four funds):
International Large Cap Value Fund – This Fund became available on January 1, 2005. The Fund
invests primarily in the common stock of companies in developed countries located outside the U.S.
Normally, the manager invests at least 80% of its total assets in stocks in at least ten foreign
markets and invests the majority of its total assets in companies that pay dividends or repurchase
their shares. The manager considers the following value characteristics in making investment
decisions: low price-to-earnings ratio relative to the sector, high yield relative to the market,
low price-to-book value ratio relative to the market, low price-to-cash flow ratio relative to the
market and financial strength. The Fund may also invest in forward foreign currency contracts,
equity futures, options, derivatives, and units in collective trust funds that invest in equity
securities. The Fund may direct up to 5% of its assets in emerging market investments. Depending
on market conditions, as well as anticipated Participants requests for allocations or transfers,
loans, and withdrawals, the manager of the Fund is authorized to hold varying levels of cash or
short-term liquid investments as cash reserves. The Fund is managed by Causeway Capital
Management, LLC.
International Large Cap Index Fund – The Fund is passively managed as an indexed fund that
invests directly or indirectly in stocks comprising the Morgan Stanley Capital International (MSCI)
Europe, Australasia and Far East (EAFE) index and, from time to time, in futures on such stocks.
The Fund is currently invested in a collective trust fund that invests in such stocks and futures.
Depending on market conditions, as well as anticipated Participant requests for reallocations or
transfers, loans and withdrawals, the manager of the Fund is authorized to hold varying levels of
cash or short-term liquid investments as cash reserves. The Fund is managed by Barclays Global
Investors, N.A.
International Large Cap Core Fund – The Fund invests in common stocks of corporations
incorporated or doing business primarily in Europe, Australasia, and Asia with market
capitalizations generally in excess of $3 billion. The Fund may also invest in foreign currency
contracts, equity futures, options, derivatives and units in collective trust funds that invest in
equity securities. The Fund may direct up to 5% of its assets to emerging markets investments.
Depending on market conditions, as well as anticipated Participant requests for reallocations or
transfers, loans and withdrawals, the manager of the Fund is authorized to hold varying levels of
cash or short-term liquid investments as cash reserves. The Fund is managed by JPMorgan Asset
Management (London) Limited.
International Small Cap Fund (mutual fund) – The Fund seeks to achieve its investment
objective by purchasing shares of the American Century International Discovery Fund – a
registered, open-ended investment company or mutual fund. The American Century International
Discovery Fund invests in common stocks of non-U.S. companies with a market capitalization of
between $1 billion and $3 billion at the time of purchase. The investment focus is primarily on
developed countries. Beginning on September 30, 2005, the American Century International Discovery
Fund imposed a 2% “redemption fee” on JPMorgan Chase 401(k) Savings Plan participants who transfer
and/or reallocate balances into the International Small Cap Fund and then subsequently transfer
and/or reallocate those
13
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
same balances out of that fund within 180 calendar days. The Fund is managed by American
Century Investment Management.
JPMorgan Chase Common Stock Fund:
JPMorgan Chase Common Stock Fund – The Fund invests primarily in shares of common stock of
JPMorgan Chase & Co. The shares can be purchased directly from JPMorgan Chase out of its authorized
but unissued shares of common stock, on the open market, or by the exercise of subscription,
conversion, or other rights. Depending on market conditions, as well as anticipated Participant
requests for reallocations or transfers, loans and withdrawals, the Fund will also hold varying
levels of cash or short-term liquid investments (expected to range from 1% to 3% of the value of
the Fund) as cash reserves. This Fund has been designated as a nonleveraged employee stock
ownership plan. As such, and as previously discussed, a Participant invested in this Fund may elect
to have any dividends attributable to their vested account balance paid directly to them rather
than reinvested. The Fund is managed by the Trustee.
Lifestyle Investment Portfolios (three funds):
The assets of the lifestyle portfolios are invested in the 22 core funds in accordance with
the investment allocation policy for these funds. Each fund consists of a pre-diversified
combination of both fixed-income and equity core funds to match a particular investment style for
each of the funds. Each of the funds is re-balanced each calendar quarter so that its investment
mix continues to meet its particular investment objective, risk, and return profile.
The lifestyle portfolios are briefly described as follows:
Moderately Conservative Lifestyle Portfolio – The Portfolio seeks to provide higher returns
than those provided by the core fixed-income funds by including an exposure to equities (i.e.,
potentially higher stock market volatility and risk). This exposure is based on a target asset
allocation policy of investing 60% of the Portfolio’s assets in specified fixed-income funds and
40% of its assets in specified equity funds.
Moderately Aggressive Lifestyle Portfolio – The Portfolio seeks to provide higher returns
with a larger exposure to stocks (i.e., potentially higher stock market volatility and risk) than
the Moderately Conservative Lifestyle Portfolio. This exposure is based on a target asset
allocation policy of investing 40% of the Portfolio’s assets in specified fixed-income funds and
60% of its assets in specified equity funds.
Aggressive Lifestyle Portfolio – The Portfolio seeks to provide the highest returns with more
exposure to stocks (i.e., potentially the highest stock market volatility and risk) than any of the
other lifestyle Portfolios. This exposure is based on a target asset allocation policy of investing
20% of the Portfolio’s assets in specified fixed-income funds and 80% of its assets in specified
equity funds.
Loans to Participants:
Under the loan program previously discussed, the Plan grants loans to eligible Participants.
| 3. | 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”).
14
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
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
The Plan values the underlying investments of the Trust Fund as follows:
U.S. government and federal agency obligations, U.S. government-sponsored enterprise
obligations and corporate debt instruments are valued at the last reported bid (quoted market)
price. Guaranteed investment contracts or group annuity contracts with insurance companies, which
are benefits-responsive, are carried at contract value (cost plus accrued income). Investments in
mutual funds, and common and collective trust funds are valued at the per unit amounts reported by
such funds, which approximates fair value. JPMorgan Chase & Co. common stock is valued at the
closing price reported on the New York Stock Exchange Composite Transaction Tape. Common and
Preferred stocks are valued at the closing price reported on the major market on which the
individual securities are traded. Certificates of deposits, money market funds and loans to
Participants are valued at cost, which approximates fair value.
The Plan enters into transactions whereby securities are sold under agreements to repurchase
those securities at an agreed-on price. Such agreements are carried at the amounts the securities
will be subsequently repurchased plus accrued interest, which approximates fair value. The market
value of securities to be repurchased is monitored on a regular basis.
Derivative receivables and derivative payables are comprised of forward foreign exchange
contracts and exchange traded futures and options contracts. Forward foreign exchange contracts are
valued at their estimated fair value based on current prices for the underlying currencies that are
obtained from independent market quotations. Exchange traded futures and options contracts are
valued at market values based upon the last reported sales price on the principal exchange on which
the contracts are traded with the resulting changes in contract values being recorded as unrealized
net gains (losses) which are included in net appreciation.
The values of assets in common collective trust funds are recorded on a daily basis to match
the values of assets invested in the core investment funds, which are valued as reported by the
investment managers.
Securities Transactions
Securities transactions are recorded on a trade-date basis. Realized gains (losses) are
computed based on the average cost of securities sold. Dividend income is recorded on the
ex-dividend date. Interest income is accounted for on the accrual basis. Participants who invest
in the JPMorgan Chase Common Stock Fund may receive in-kind distributions of shares by making a
formal election. Realized gains (losses) to the Plan resulting from these distributions are based
on the difference between the average cost and the value of the stock distributed on the valuation
date of the distribution. Securities, cash and other assets and liabilities denominated in foreign
currencies are translated into U.S. dollars at the current prevailing market rates as of the date
of the Statement of Net Assets Available for Benefits. Income and expenses are translated at the
exchange rates prevailing at the date of the transaction.
Participant Withdrawals
Participant withdrawals are recorded when paid.
15
Table of Contents
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 current market value and cost. Internal Revenue Service (“IRS”) Form 5500
calculates realized gains (losses) and unrealized appreciation (depreciation) as the difference
between current market value and market value at the prior period year-end.
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.
The following is a reconciliation of net assets available for benefits as disclosed in the
financial statements to the Form 5500:
| At December 31, | ||||||||
| 2005 | 2004 | |||||||
Net assets available for benefits per the
financial statements |
$ | 11,626,802,730 | $ | 11,200,744,651 | ||||
Less: Amounts allocated to withdrawing
Participants |
(2,375,189 | ) | (539,227 | ) | ||||
Net assets available for benefits per Form 5500 |
$ | 11,624,427,541 | $ | 11,200,205,424 | ||||
The following is a reconciliation of benefits paid to Participants as disclosed in the
financial statements to Form 5500:
| Year Ended December 31, | ||||||||
| 2005 | 2004 | |||||||
Benefits paid to Participants per the financial statements |
$ | 1,020,380,915 | $ | 571,855,616 | ||||
Add: Amounts allocated to withdrawing Participants at
end of year |
2,375,189 | 539,227 | ||||||
Less: Amounts allocated to withdrawing Participants at
beginning of year |
(539,227 | ) | (1,850,063 | ) | ||||
Benefits paid to Participants per Form 5500 |
$ | 1,022,216,877 | $ | 570,544,780 | ||||
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.
| 4. | Investments |
Investments that represent five percent or more of the Plan’s net assets available for
benefits at December 31, 2005 and 2004 were as follows:
| Number of | ||||||||||||
| Description | Shares or Units | Cost | Fair Value | |||||||||
At December 31, 2005: |
||||||||||||
JPMorgan Chase & Co. common stock |
84,716,723 | $ | 3,167,613,596 | $ | 3,362,406,736 | |||||||
BGI Equity Index Fund |
71,655,902 | 1,175,885,648 | 1,281,207,521 | |||||||||
JPM TR I Small Cap Core Fund Select |
12,965,029 | 579,438,813 | 570,331,647 | |||||||||
16
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
| Number of | ||||||||||||
| At December 31, 2004: | Shares or Units | Cost | Fair Value | |||||||||
JPMorgan Chase & Co. common stock |
88,695,982 | $ | 2,848,089,052 | $ | 3,460,030,273 | |||||||
BGI Equity Index Fund |
51,968,426 | 821,995,097 | 885,022,293 | |||||||||
JPMorgan Select Group — Select Equity Fund |
12,472,871 | 560,738,367 | 542,070,956 | |||||||||
The Plan participates in a securities lending program administered by JPMorgan Chase. Under
the program, borrowers are required to provide collateral equal to a minimum of 102% of the fair
value of the loaned securities in the form of cash, U.S. government securities, U.S.
government-sponsored enterprise obligations, or other qualifying securities. The Bank bears all
the costs of the program.
Income earned by the Plan under the program was $136,529 and $9,850 in 2005 and 2004,
respectively, which is recorded in interest income in the Statement of Changes in Net Assets
Available for Benefits. At December 31, 2005 and 2004, common stock, U.S. government-sponsored
enterprise obligations and corporate debt instruments of the Plan with an aggregate fair value of
approximately $69,141,572 and $6,869,658, respectively, had been loaned under this program.
During the years ended December 31, 2005 and 2004, the Plan’s investments generated net
appreciation (depreciation) as follows:
| Description | 2005 | 2004 | ||||||
Based on quoted market prices: |
||||||||
JPMorgan Chase & Co. and other common stocks |
$ | 55,419,454 | $ | 112,571,705 | ||||
Common/collective trust funds |
105,149,555 | 23,975,424 | ||||||
Plan’s share of Master Trust |
88,657,785 | 92,439,455 | ||||||
Registered investment companies |
60,185,351 | 292,889,635 | ||||||
Corporate debt instruments |
(129,904 | ) | (733,018 | ) | ||||
U.S. government and federal agency obligations |
— | (15,820 | ) | |||||
U. S. government-sponsored enterprise obligations |
(47,378 | ) | (30,727 | ) | ||||
Derivative receivables |
— | 11,401,215 | ||||||
Other investments |
— | (6 | ) | |||||
Total |
309,234,863 | 532,497,863 | ||||||
Based on estimated fair value as determined by the Trustee: |
||||||||
Corporate debt instruments |
(412 | ) | (13 | ) | ||||
Limited partnership |
2,467 | — | ||||||
Certificates of deposit |
99 | 1,387 | ||||||
Total based on estimated fair value |
2,154 | 1,374 | ||||||
Total net appreciation |
$ | 309,237,017 | $ | 532,499,237 | ||||
| 5. | Master Trust |
The Plan participates in the Master Trust For Certain Investment Funds of The JPMorgan Chase
Retirement and 401(k) Savings Plans (“Master Trust”). The Bank is the trustee for the Master Trust.
The Plan’s accounts in the Master Trust are credited with income, gains or losses in respect of the
Plan’s assets held in the Master Trust. Additionally, the Plan may invest in one of the Master
Trust’s investment funds (“Funds”) in equal increments called units (“Units”). Each Unit represents
an equal right to share in the applicable Fund’s net earnings, gains and losses. No Unit has
priority or preference over any other Unit of the applicable Fund. The Plan’s percentage interest
in the net assets of the Master Trust at fair value was approximately 56% and 38% at December 31,
2005 and 2004, respectively.
17
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
The underlying investments of the Master Trust was valued as follows:
U.S. government and federal agency obligations, U.S. government-sponsored enterprise
obligations, corporate debt instruments and other investments, which includes obligations of state
and political subdivisions, and non-U.S. government debt instruments are valued at the last quoted
bid price. Investments in common and collective trust funds are valued at the per unit amounts
reported by such funds, which approximates fair value. Common and preferred stocks are valued at
the closing price reported on the major market on which the individual securities are traded.
Derivative receivables and derivative payables are comprised of forward foreign exchange
contracts and exchange traded futures and options contracts. Forward foreign exchange contracts
are valued at estimated fair value obtained from independent market quotations. Exchange traded
futures and options contracts are valued at market values based upon the last reported sales price
on the principal exchange on which the contracts are traded with the resulting changes in contract
values being recorded as unrealized net gains (losses).
The net Assets of the Master Trust at fair value were as follows at December 31, 2005 and
2004:
| 2005 | 2004 | |||||||
Common and preferred stocks |
$ | 1,560,155,528 | $ | 1,454,976,773 | ||||
Corporate debt instruments |
1,048,921,136 | 680,248,391 | ||||||
Common/collective trust funds |
248,099,309 | 194,640,422 | ||||||
U.S. government and federal agency obligations |
623,405,878 | 523,606,052 | ||||||
U.S. government-sponsored enterprise obligations |
261,601,240 | 50,652,091 | ||||||
Derivative receivables |
8,910,201 | 6,082,025 | ||||||
Foreign government obligations |
10,476,832 | 5,703,446 | ||||||
Cash |
11,302,980 | 14,575,806 | ||||||
Investment income receivable |
17,717,869 | 13,200,075 | ||||||
Receivables for securities sold |
12,037,171 | 287,727 | ||||||
Payables for securities purchased |
(278,789,960 | ) | (84,923,704 | ) | ||||
Derivative payables |
(6,267,365 | ) | (5,771,469 | ) | ||||
Payable under securities lending agreements |
(540,567,556 | ) | (279,597,605 | ) | ||||
Accrued expenses |
(525,472 | ) | (448,724 | ) | ||||
Net assets of the Master Trust |
$ | 2,976,477,791 | $ | 2,573,231,306 | ||||
18
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Investment income for the Master Trust were as follows at December 31, 2005 and 2004:
| 2005 | 2004 | |||||||
Net appreciation (depreciation) in fair values of
investments: |
||||||||
Common and preferred stocks |
$ | 116,294,675 | $ | 206,409,580 | ||||
Corporate debt instruments |
(22,043,630 | ) | 8,151,527 | |||||
Common/collective trust funds |
(7,803 | ) | — | |||||
U.S. government and federal agency obligations |
(3,114,899 | ) | 11,350,794 | |||||
U.S. government-sponsored enterprise obligations |
(1,745,914 | ) | 1,552,261 | |||||
Derivative receivables (payables), net |
(10,556,450 | ) | 408,439 | |||||
Debt securities issued by non-U.S. governments |
806,005 | 241,413 | ||||||
Foreign currency cash |
(212,276 | ) | 53,174 | |||||
Other investments |
(1,218 | ) | (170,155 | ) | ||||
Total Net Appreciation |
79,418,490 | 227,997,033 | ||||||
Interest |
63,791,229 | 45,132,542 | ||||||
Dividends |
36,220,260 | 26,565,815 | ||||||
Net investment income for the Master Trust |
$ | 179,429,979 | $ | 299,695,390 | ||||
| 6. | Derivative Receivables and Derivative Payables |
In the normal course of business, the Plan utilizes derivative instruments to manage exposures
to fluctuations in interest and currency rates. The Plan utilizes options and futures contracts in
the Intermediate Bond Fund and foreign exchange contracts in the High Yield Bond Fund. These
financial instruments are recorded at fair value as derivative receivables and payables in the
statement of net assets available for benefits. See Note 5 for a summary of the Plan’s interest in
the “Master Trust” which includes derivative instruments at December 31, 2005 and 2004.
Foreign Exchange Contracts
A foreign exchange contract obligates one party to purchase and the other party to sell a
specific currency at a set price on a future date. To hedge against foreign exchange rate risks on
foreign currency denominated transactions and holdings, or for investment purposes, the Plan may
buy or sell foreign forward exchange contracts.
The Plan’s risks include giving up the opportunity for profit in a hedge transaction and
unanticipated movements in the value of a foreign currency relative to the U.S. dollar in
transactions entered into for investment purposes. The Plan is also subject to the credit risk
that the counterparty to a foreign currency contract will not fulfill its obligation under the
contract.
19
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Options and Futures Contracts
By writing options, the Plan receives a premium and becomes obligated during the term of the
option to purchase or sell a specified instrument at a set price if the option is exercised. By
purchasing options, the Plan pays a premium to buy or sell a specified instrument at a set price
during the term of the option.
Futures contracts are contracts for delayed delivery of specified instruments in which the
seller agrees to make delivery at a specified future date of a specified instrument, at a specified
price or yield. Upon entering into an options or futures contract, the Plan is required to deposit
either cash or securities in an amount (initial margin) equal to a certain percentage of the
contract value. As these contracts are marked-to-market on daily basis, subsequent payments
(variation margin) are made or received by the Plan each day.
The Plan is subject to option price volatility risk and the risk that futures contract may not
correlate with the prices of the portfolio securities. The Plan’s activities in these contracts are
conducted through regulated exchanges, which do not result in counterparty credit risks since the
exchanges assume the default risk of the counterparty, and generally require margin deposits of
cash or securities as collateral to minimize potential credit risk. Liquidity risk may arise if
there is insufficient trading activity on the options and futures exchange.
A further risk in buying an option is that the Plan pays a premium whether or not the option
is exercised. The risk in writing a call option is that the Plan gives up the opportunity for
profit if the market price of the security increases and the option is exercised. The risk in
writing a put option is that the Plan may incur a loss if the market price of the security
decreases and the option is exercised. Risks may arise from movements in securities values and
interest rates, and from the risk of not being able to enter into a closing transaction if a liquid
secondary market does not exist.
| 7 | Plan Expenses |
Unless paid by the Contributing Employers, the Trustee will pay the expenses of the Plan using
Plan assets. The following expenses are paid by the Plan: (a) taxes upon or with respect to the
assets in the Trust Fund or related income, (b) brokerage costs, (c) other expenses in connection
with the purchase and sale of assets by the managers of Funds, (d) fees paid for asset management
or record keeping and (e) certain overhead expenses directly attributable to the administration of
the Plan.
| 8 | Trust Funds Transactions with Affiliated Parties |
The following is a summary of transactions with parties affiliated with the Plan for the years
ended December 31, 2005 and 2004:
| Aggregate Proceeds | ||||||||
| from Sales, | ||||||||
| Redemptions and | ||||||||
| Aggregate Cost | Distributions to | |||||||
| For the Year Ended December 31, 2005 | of Purchases | Participants | ||||||
JPMorgan Domestic Liquidity Fund |
$ | 2,257,059,033 | $ | 2,278,857,849 | ||||
JPMorgan Chase & Co. common stock |
360,536,903 | 433,693,508 | ||||||
American Century International Small Cap Fund |
81,689,286 | 25,848,904 | ||||||
American Century Ultra Fund |
43,600,016 | 19,699,540 | ||||||
Fund managed by JPMorgan Investment Advisors: |
||||||||
Core Bond Fund |
42,187,863 | 28,632,683 | ||||||
Funds managed by JPMorgan Asset Management
(USA) Inc.: |
||||||||
Short-Term Fixed Income Fund |
2,806,100,161 | 2,554,956,719 | ||||||
Growth and Income Fund |
565,213,575 | 516,943,702 | ||||||
Stable Value Fund |
518,283,769 | 434,530,249 | ||||||
Mid Cap Growth Fund |
241,312,352 | 190,889,191 | ||||||
Small Cap Core Fund |
110,816,117 | 92,542,292 | ||||||
International Large Cap Core Fund (managed
by JPMorgan Asset Management (London)
Limited) |
208,366,164 | 51,710,508 | ||||||
20
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
| Aggregate Proceeds | ||||||||
| from Sales, | ||||||||
| Redemptions and | ||||||||
| Aggregate Cost | Distributions to | |||||||
| For the Year Ended December 31, 2004 | of Purchases | Participants | ||||||
JPMorgan Domestic Liquidity Fund |
$ | 1,622,320,431 | $ | 1,625,137,736 | ||||
JPMorgan Chase & Co. common stock |
256,256,429 | 269,328,832 | ||||||
American Century International Small Cap Fund |
29,499,453 | 18,333,113 | ||||||
American Century Ultra Fund |
17,756,427 | 17,841,131 | ||||||
Funds managed by JPMorgan Asset Management
(USA) Inc.: |
||||||||
Stable Value Fund |
737,898,042 | 662,276,418 | ||||||
Short-Term Fixed Income Fund |
545,050,645 | 566,159,355 | ||||||
Small Cap Core Fund |
518,017,564 | 1,077,099,857 | ||||||
Growth and Income Fund |
35,465,594 | 42,474,174 | ||||||
International Large Cap Core Fund (managed
by JPMorgan Asset Management (London)
Limited) |
24,501,847 | 11,378,890 | ||||||
| 9. | Investments in Group Annuity Contracts Issued by Insurance Companies |
On December 29, 2005, the FASB issued FASB Staff Position AAG INV-1 and SOP 94-4-1 (FSP),
“Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies
Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and
Pension Plans.” This FSP amends the guidance in AICPA SOP 94-4, “Reporting of Investment Contracts
Held by Health and Welfare Benefit Plans and Defined-Contribution Pension Plans,” and the
presentation and disclosure of fully benefit-responsive investment contracts. The guidance in FSP
is effective for financial statements for annual periods ending after December 15, 2006, and the
Plan will adopt this guidance for the December 31, 2006 financial statements, with retroactive
application to the 2005 financial statements. The Plan invests in fully-benefit responsive
investment contracts, which are included in the financial statements at contract value as reported
to the Plan by the issuers. Contract value represents contributions made under the contract, plus
earnings, less withdrawals and administrative expenses.
Information with respect to group annuity contracts with insurance companies were as follows:
| JPMorgan Chase Plan | ||||
| At December 31, 2005 | Investment Contracts | |||
Contract Value |
$ | 1,677,691,605 | ||
Fair Value |
$ | 1,656,336,250 | ||
Crediting interest rate |
5.77 | % | ||
Average yield for the year ended
December 31, 2005 |
5.49 | % | ||
At December 31, 2004 |
||||
Contract Value |
$ | 1,582,230,490 | ||
Fair Value |
$ | 1,604,411,778 | ||
Crediting interest rate |
5.06 | % | ||
Average
yield for the year ended December 31, 2004 |
5.25 | % | ||
21
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
| 10. | Tax Status and Federal Income Taxes |
On July 1, 2004, the Plan received a favorable letter of determination from the IRS stating
that it qualified under Section 401(a) of the 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 has been operating in compliance with applicable
requirements of the Code.
Participants currently pay no 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.
| 11. | Net Assets Transferred From Other Plans |
During 2005, JPMorgan Chase acquired all or some of the operations of certain entities and,
accordingly, received a transfer of net assets with a total fair value of $16,339,344. The details
of the 2005 transfers are as follows:
| Amount | ||||
Vastera, Inc. |
$ | 14,875,327 | ||
Neovest Holdings, Inc. |
1,464,017 | |||
Total |
$ | 16,339,344 | ||
Effective July 1, 2004, JPMorgan Chase & Co. and Bank One Corporation merged their holding
companies. The combined company is known as JPMorgan Chase & Co. As a result of the merger,
effective December 31, 2004, The Bank One Corporation Savings and Investment Plan (“Bank One
Plan”) merged with and into the Plan, and all assets and liabilities of the Bank One Plan were
transferred to the Plan. The transfer of net assets of $3,532,561,777 is shown on the accompanying
statements of changes in net assets available for benefits as “Transfers from other plans, net.”
The Plan had no other transfers of net assets during 2004.
| 12. | Risks and Uncertainties |
The Plan invests in various investment securities. Investment securities are exposed to
various risks such as interest rate, market and credit risks. Due to the level of risk associated
with certain investment securities, it is at least reasonably possible that changes in the values
of investment securities will occur in the near term and that such changes could materially affect
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 26 investment fund elections. Additionally, the investments within each fund
election are further diversified into various financial instruments, with the exception of the
JPMorgan Chase Common Stock Fund, which invests primarily in JPMorgan Chase & Co. common stock.
The Plan’s exposure to credit risk on guaranteed investment contracts is limited to the fair value
of the contracts 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.
22
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
| Supplemental schedules |
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
COMMON STOCK: |
||||||||||||||
ACTUANT CORP CLS`A` COM STK |
20,300 shares | $ | 913,915 | $ | 1,132,740 | |||||||||
ADTRAN INC COM STK |
34,400 shares | 733,523 | 1,023,056 | |||||||||||
ADVANCE AUTO PARTS INC COM STK |
20,750 shares | 643,453 | 901,795 | |||||||||||
AGL RESOURCES |
31,000 shares | 1,066,571 | 1,079,110 | |||||||||||
AIRGAS INC COM STK |
24,700 shares | 643,185 | 812,630 | |||||||||||
ALAMOSA HLDGS INC COM STK |
71,700 shares | 919,852 | 1,334,337 | |||||||||||
ALLIANCE DATA SYSTEM COM STK |
43,800 shares | 1,874,974 | 1,559,280 | |||||||||||
AMERICAN COMMERCIAL LINES |
15,500 shares | 328,144 | 469,495 | |||||||||||
AMERICAN STATES WATER CO COM STK |
17,600 shares | 473,290 | 542,080 | |||||||||||
ANSWERTHINK INC COM STK |
146,100 shares | 638,293 | 620,925 | |||||||||||
ASPEN INSURANCE HLDGS COM STK |
54,200 shares | 1,332,492 | 1,282,914 | |||||||||||
ATHEROS COMMUNICATIONS INC COM STK |
73,100 shares | 715,170 | 950,300 | |||||||||||
AVID TECHNOLOGIES INC COM STK |
20,600 shares | 941,652 | 1,128,056 | |||||||||||
AVOCENT CORP COM STK |
30,100 shares | 857,350 | 818,419 | |||||||||||
BANK OF THE OZARKS COM STK |
27,600 shares | 929,638 | 1,018,440 | |||||||||||
BENCHMARK ELECTRONICS INC COM STK |
25,100 shares | 751,146 | 844,113 | |||||||||||
BLACKBAUD INC COM STK |
25,000 shares | 360,276 | 427,000 | |||||||||||
BOSTON PRIVATE FINNCL HLDGS INC COM STK |
31,800 shares | 886,915 | 967,356 | |||||||||||
BRIGHT HORIZONS FAMILY SOLUTIONS COM STK |
24,100 shares | 846,222 | 892,905 | |||||||||||
BROADWING CORPORATION |
156,200 shares | 959,510 | 945,010 | |||||||||||
BROOKS AUTOMATION INC |
51,200 shares | 661,154 | 641,536 | |||||||||||
CABOT CORP COM STK |
30,300 shares | 1,106,444 | 1,084,740 | |||||||||||
CALIFORNIA WATER SERVICE GROUP |
25,900 shares | 943,849 | 990,157 | |||||||||||
CARMIKE CINEMAS INC COM STK |
37,800 shares | 1,276,872 | 958,608 | |||||||||||
CASUAL MALE RETAIL GROUP COM STK |
102,600 shares | 716,084 | 628,938 | |||||||||||
CB RICHARD ELLIS GROUP INC COM STK |
8,800 shares | 291,506 | 517,880 | |||||||||||
CENTURY ALUMINIUM COM STK |
39,800 shares | 1,007,871 | 1,043,158 | |||||||||||
CERNER CORP COM STK |
10,100 shares | 626,354 | 918,191 | |||||||||||
COEUR D`ALENE MINECOM |
172,100 shares | 651,147 | 688,400 | |||||||||||
COMMONWEALTH TELEPHONE ENTERPRISES COM |
15,600 shares | 708,455 | 526,812 | |||||||||||
CONSOLIDATED COMMU COM NPV |
44,800 shares | 588,535 | 581,952 | |||||||||||
COST PLUS INC COM STK |
22,200 shares | 646,163 | 380,730 | |||||||||||
COVANCE COM STK |
24,100 shares | 1,014,210 | 1,170,055 | |||||||||||
CV THERAPEUTICS INC COM STK |
37,200 shares | 957,197 | 919,956 | |||||||||||
DENBURY RESOURCES INC COM STK |
72,100 shares | 1,098,292 | 1,642,438 | |||||||||||
23
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
COMMON STOCK — (continued): |
||||||||||||||
DEVRY INC COM STK |
33,300 shares | 640,423 | 666,000 | |||||||||||
DIGITAL RIVER INC COM STK |
24,100 shares | 654,734 | 716,734 | |||||||||||
DIGITAS INC COM STK NPV |
103,800 shares | 1,018,051 | 1,299,576 | |||||||||||
DOBSON COMMNCTNS CORP CLASS`A` COM STK |
94,300 shares | 636,686 | 707,250 | |||||||||||
EATON VANCE CORP COM NON VTG |
93,700 shares | 2,380,666 | 2,563,632 | |||||||||||
EDUCATION MANAGEMENT CORP COM STK |
81,100 shares | 2,608,834 | 2,717,661 | |||||||||||
ENCORE ACQUISITION CO COM STK |
39,950 shares | 968,804 | 1,279,998 | |||||||||||
ENDEAVOR INTL CORP COM STK |
150,700 shares | 611,995 | 497,310 | |||||||||||
ENTERCOM COMMUNICATIONS COM STK |
21,400 shares | 741,713 | 634,938 | |||||||||||
ENTRAVISION CMMNCTNS CRP CLASS A COM STK |
88,400 shares | 736,272 | 629,408 | |||||||||||
EPICOR SOFTWARE CORP COM STK |
32,100 shares | 426,533 | 453,573 | |||||||||||
EQUINIX INC COM STK NPV |
48,800 shares | 1,950,747 | 1,989,088 | |||||||||||
FAIRPOINT COMMUNICATIONS INC COM STK |
59,300 shares | 1,023,926 | 614,348 | |||||||||||
FIRST NIAGARA FINANCIAL GROUP INC COM |
34,200 shares | 460,236 | 494,874 | |||||||||||
FTI CONSULTING INC COM STK |
48,200 shares | 1,056,373 | 1,322,608 | |||||||||||
GEVITY HR INC COM |
28,500 shares | 578,277 | 733,020 | |||||||||||
GLADSTONE CAP CORP COM |
25,100 shares | 601,075 | 536,638 | |||||||||||
GLADSTONE COMMERICAL CORP COM STK |
43,500 shares | 735,911 | 717,315 | |||||||||||
GLOBAL PAYMENTS INC COM STK |
13,900 shares | 423,600 | 647,879 | |||||||||||
GRACO INC COM STK |
37,900 shares | 1,307,970 | 1,382,592 | |||||||||||
GRAFTECH INTL LTD COM |
115,100 shares | 892,905 | 715,922 | |||||||||||
GREY WOLF INC COM STK |
81,300 shares | 452,988 | 628,449 | |||||||||||
GSI COMMERCE |
102,500 shares | 1,549,289 | 1,546,725 | |||||||||||
HARRIS INTERACTIVE COM STK |
85,700 shares | 623,021 | 369,367 | |||||||||||
HEARTLAND EXPRESS INC COM STK |
123,900 shares | 2,598,616 | 2,513,931 | |||||||||||
HEWITT ASSOCIATES COM CLASS A |
23,900 shares | 719,088 | 669,439 | |||||||||||
HOLLY CORP COM STK |
13,100 shares | 783,029 | 771,197 | |||||||||||
HORIZON HEALTH CORP COM STK |
36,000 shares | 752,781 | 814,680 | |||||||||||
IDEX CORP COM STK |
37,000 shares | 1,576,533 | 1,521,070 | |||||||||||
I-FLOW CORP COM STK NPV |
46,800 shares | 650,771 | 684,216 | |||||||||||
IMAX CORP COM STK NPV |
92,300 shares | 788,357 | 651,638 | |||||||||||
IMPAX LABORATORIES INC COM STK |
75,400 shares | 1,095,904 | 806,780 | |||||||||||
INFORMATICA CORP COM STK |
62,400 shares | 599,261 | 748,800 | |||||||||||
INSIGHT ENTERPRISE INC COM STK |
134,800 shares | 2,696,185 | 2,643,428 | |||||||||||
INTEGRA LIFESCIENCES HLDGS CORP COM STK |
28,000 shares | 988,439 | 992,880 | |||||||||||
24
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
COMMON STOCK — (continued): |
||||||||||||||
INTEGRATED DEVICE TECHNOLOGY COM STK |
86,100 shares | 939,992 | 1,134,798 | |||||||||||
INTEGRATED SILICON SOLUTIONS INC COM STK |
120,100 shares | 934,842 | 773,444 | |||||||||||
INTERLINE BRANDS INC COM STK |
68,700 shares | 1,262,925 | 1,562,925 | |||||||||||
INTERSIL CORP CLASS`A` COM STK |
44,200 shares | 825,069 | 1,099,696 | |||||||||||
INVACARE CORP COM STK NPV |
1,600 shares | 64,969 | 50,384 | |||||||||||
IOWA TELECOMMUNICATIONS SVCS INC COM STK |
58,900 shares | 1,152,951 | 912,361 | |||||||||||
IRON MOUNTAIN INC PA COM STK |
30,800 shares | 931,610 | 1,300,376 | |||||||||||
JER INVESTMENT TRU COM |
36,800 shares | 640,418 | 623,760 | |||||||||||
| * | JPMORGAN CHASE & CO COM STK |
84,716,723 shares | 3,167,613,596 | 3,362,406,736 | ||||||||||
K&F INDUSTRIES HOLDINGS INC COM STK |
57,500 shares | 948,134 | 883,200 | |||||||||||
KAYDON CORP COM STK |
40,100 shares | 1,173,448 | 1,288,814 | |||||||||||
LA QUINTA PROPERTIES INC COM STK CLASS`B` |
58,200 shares | 466,443 | 648,348 | |||||||||||
LEGG CORP COM STK |
20,200 shares | 342,613 | 351,076 | |||||||||||
LIFEPOINT HOSPITALS INC COM STK |
15,000 shares | 591,059 | 562,500 | |||||||||||
LIONBRIDGE TECHNOLOGIES INC COM STK |
134,300 shares | 898,994 | 942,786 | |||||||||||
LODGIAN INC COM |
30,000 shares | 323,945 | 321,900 | |||||||||||
MEDICIS PHRMCTCL CORP CLASS`A`COM STK |
18,900 shares | 643,435 | 605,745 | |||||||||||
MERIDIAN GOLD INC COM NPV |
53,200 shares | 972,579 | 1,163,484 | |||||||||||
MONTPELIER RE HOLDINGS COM STK |
36,000 shares | 763,015 | 680,400 | |||||||||||
NOVEN PHARMACEUTICALS INC COM STK |
53,100 shares | 811,326 | 803,403 | |||||||||||
NUVASIVE INC COM STK |
7,800 shares | 140,438 | 141,180 | |||||||||||
ODYSSEY HEALTHCARE INC COM STK |
58,500 shares | 805,444 | 1,090,440 | |||||||||||
OPTION CARE INC COM STK |
48,100 shares | 632,640 | 642,616 | |||||||||||
PACKAGING CORP OF AMERICA COM STK |
18,100 shares | 397,324 | 415,395 | |||||||||||
PC-TEL INC COM STK |
79,300 shares | 636,023 | 694,668 | |||||||||||
PERFORMANCE FOODS GROUP INC COM STK |
60,300 shares | 1,677,113 | 1,710,711 | |||||||||||
PNM RESOURCES INC COM STK |
17,400 shares | 471,633 | 426,126 | |||||||||||
POLYCOM INC COM STK |
54,400 shares | 883,971 | 832,320 | |||||||||||
POWER INTEGRATIONS INC COM STK |
37,500 shares | 751,871 | 892,875 | |||||||||||
PRIDE INTL INCNEW COM |
62,800 shares | 1,369,819 | 1,931,100 | |||||||||||
PSS WORLD MEDICAL INC COM STK |
65,100 shares | 931,642 | 966,084 | |||||||||||
QUEST SOFWARE INC COM STK NPV |
79,700 shares | 1,134,039 | 1,162,823 | |||||||||||
RACKABLE SYSTEMS INC COM STK USD1 |
27,000 shares | 335,007 | 768,960 | |||||||||||
RADIO ONE INC COM STK CLASS`D` |
111,800 shares | 1,684,423 | 1,157,130 | |||||||||||
RALCORP HOLDINGS INC COM STK |
21,800 shares | 911,151 | 870,038 | |||||||||||
25
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
COMMON STOCK — (continued): |
||||||||||||||
RARE HOSPITALITY INC COM STK NPV |
28,300 shares | 786,847 | 860,037 | |||||||||||
REGAL ENT GROUP CLASS`A`COM STK |
67,100 shares | 1,312,883 | 1,276,242 | |||||||||||
REGENT COMMUNICATIONS COM STK |
109,000 shares | 594,822 | 505,760 | |||||||||||
REMINGTON OIL & GAS CORP COM STK |
22,600 shares | 655,189 | 824,900 | |||||||||||
REPUBLIC COMPANIES GROUP INC COM STK |
56,000 shares | 784,417 | 866,880 | |||||||||||
ROGERS CORP CAP STK |
31,400 shares | 1,203,754 | 1,230,252 | |||||||||||
ROYAL GOLD INC COM STK |
24,500 shares | 648,185 | 850,885 | |||||||||||
SBA COMMUNICATIONS COM STK |
69,400 shares | 1,073,719 | 1,242,260 | |||||||||||
SCP POOL CORP COM STK |
25,500 shares | 913,240 | 949,110 | |||||||||||
SEROLOGICAL CORP COM STK |
29,000 shares | 664,119 | 572,460 | |||||||||||
SFBC INTERNATIONAL INC COM STK |
46,400 shares | 1,162,206 | 742,864 | |||||||||||
SIERRA HEALTH SERVICES INC COM STK |
9,800 shares | 761,663 | 783,608 | |||||||||||
SPEEDWAY MOTOR SPORTS INC COM STK |
12,100 shares | 454,671 | 419,507 | |||||||||||
STANCORP FINANCIAL GROUP COM STK NPV |
15,300 shares | 636,560 | 764,235 | |||||||||||
STERICYCLE INC COM STK |
20,200 shares | 977,565 | 1,189,376 | |||||||||||
SUNSTONE HOTEL INVESTORS INC COM STK |
45,300 shares | 992,518 | 1,203,621 | |||||||||||
SUPERIOR WELL SERVICES INC. COM STK |
24,200 shares | 346,538 | 574,992 | |||||||||||
SYBRON DENTAL SPECIALTIES INC COM STK |
18,400 shares | 806,886 | 732,504 | |||||||||||
SYMMETRY MEDICAL INC COM STK |
58,400 shares | 1,146,641 | 1,132,376 | |||||||||||
TEKELEC INC COM STK NPV |
59,500 shares | 926,136 | 827,050 | |||||||||||
TIBCO SOFTWARE INC COM STK |
50,200 shares | 346,232 | 374,994 | |||||||||||
TTM TECHNOLOGIES INC COM STK |
69,200 shares | 687,009 | 650,480 | |||||||||||
UCBH HLDGS INC COM STK |
133,400 shares | 2,509,513 | 2,385,192 | |||||||||||
UNITED NATURAL FOODS COM STK |
22,300 shares | 628,609 | 588,720 | |||||||||||
UNIVERSAL COMPRESSION HLDS COM STK |
40,400 shares | 1,430,040 | 1,661,248 | |||||||||||
WCI COMMUNITIES INC COM STK |
26,000 shares | 672,520 | 698,100 | |||||||||||
WESCO INTERNATIONAL INC COM STK |
25,700 shares | 784,360 | 1,098,161 | |||||||||||
WEST CORPORATION COM STK |
44,200 shares | 1,554,503 | 1,863,030 | |||||||||||
Total Common Stock |
3,285,964,943 | 3,486,813,922 | ||||||||||||
Common/Collective Trust Funds: |
||||||||||||||
BGI EAFE INDEX FUND CL F |
3,467,557 units | 63,717,342 | 84,122,930 | |||||||||||
BGI EQUITY INDEX FUND CL F |
71,655,902 units | 1,175,885,648 | 1,281,207,522 | |||||||||||
BGI RUSSELL 1000 GROWTH FUND CL F |
48,614,173 units | 362,265,221 | 377,245,981 | |||||||||||
BGI RUSSELL 1000 VALUE FUND CL F |
12,650,414 units | 132,750,805 | 166,732,451 | |||||||||||
26
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Common/Collective Trust Funds — (continued): |
||||||||||||||
BGI RUSSELL 2000 INDEX FUND CL F |
8,023,888 units | 114,147,443 | 135,844,432 | |||||||||||
| * | JPMORGAN DOMESTIC LIQUIDITY |
115,065,808 units | 115,065,808 | 115,065,808 | ||||||||||
| * | MGT LIQUIDITY FD |
234 units | 234 | 234 | ||||||||||
Total Common/Collective Trust Funds |
1,963,832,501 | 2,160,219,358 | ||||||||||||
Registered Investment Companies (Mutual Funds): |
||||||||||||||
| * | AMERICAN CENTY MUT FDS INC ULTRA INSTL |
5,657,514 units | 155,583,236 | 172,044,992 | ||||||||||
| * | AMERICAN CENTY WORLD MUT FDS INTL DISC INST |
10,119,792 units | 132,514,710 | 148,862,137 | ||||||||||
| * | JPM US EQUITY FDS VALUE VALUE OPPORTUNITIES |
30,058,622 units | 508,427,672 | 515,204,781 | ||||||||||
| * | JPM TR I SMALL CAP CORE FD SELECT CL |
12,965,029 units | 579,438,813 | 570,331,647 | ||||||||||
| * | JPM TR I CAP GROWTH FD SELECT CL |
5,517,423 units | 222,192,205 | 228,145,446 | ||||||||||
| * | JPM TR II CORE BD FD ULTRA CL |
14,764,922 units | 160,965,745 | 156,951,116 | ||||||||||
Total Registered Investment Companies (Mutual Funds) |
1,759,122,381 | 1,791,540,119 | ||||||||||||
| ** | Guaranteed Investment Contracts: |
|||||||||||||
AIG GIC # 496672 |
0.000% 12/31/2049, 559,186,962 | 559,186,962 | 559,186,962 | |||||||||||
| * | JP MORGAN/BANK OF AMERICA |
01-001/10051-5, 559,252,681 | 559,252,681 | 559,252,681 | ||||||||||
| * | JP MORGAN/STATE STREET BANK |
101004/10051-5, 559,251,962 | 559,251,962 | 559,251,962 | ||||||||||
Total Guaranteed Investment Contracts |
1,677,691,605 | 1,677,691,605 | ||||||||||||
Master Trust Funds: |
||||||||||||||
| * | CHASE GT ALLIANCE BERNSTEIN TRUST UNIT |
7,640,040 units | 77,304,859 | 91,157,896 | ||||||||||
| * | CHASE GT ARIEL TRUST UNIT |
20,030,175 units | 238,762,103 | 278,802,004 | ||||||||||
| * | CHASE GT JANUS TRUST UNIT |
7,367,752 units | 69,619,803 | 80,561,212 | ||||||||||
| * | JPMC GT CAUSEWAY CAPITAL UNIT |
7,171,846 units | 93,440,689 | 100,214,360 | ||||||||||
| * | JPMC GT JPMFAM INTL UNIT |
41,906,475 units | 347,566,222 | 429,373,745 | ||||||||||
| * | JPMC GT MACKAY SHIELDS UNIT |
8,642,831 units | 122,854,480 | 144,319,714 | ||||||||||
| * | JPMC GT WESTERN ASSET GIP UNIT |
6,819,518 units | 71,793,589 | 74,096,114 | ||||||||||
| * | JPMC GT WESTERN ASSET UNIT |
31,149,216 units | 447,392,391 | 475,667,224 | ||||||||||
Total Master Trust Funds |
1,468,734,136 | 1,674,192,269 | ||||||||||||
27
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments: |
||||||||||||||
AB SPINTAB SWED CORP COMMERCIAL PAPER |
ZERO COUPON 03/02/2006, 2,000,000 | 1,985,533 | 1,985,533 | |||||||||||
ABFC 05-WF1 A2A |
4.46%, 4/27/07 | 66,476 | 66,476 | |||||||||||
ALLSTATE LIFE GLOBAL FUNDING |
4.37%, 1/30/07 | 293,238 | 293,238 | |||||||||||
ALTAMIRA FUNDING LLC CORP COMMERCIAL PAPER |
ZERO COUPON 03/03/2006, 1,994,000 | 1,979,032 | 1,979,032 | |||||||||||
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST 01-3 |
MONTHLY FLOATING 10/15/2008, 2,000,000 | 2,001,983 | 2,000,581 | |||||||||||
AMERICAN GENERAL FINANCE |
SEMI-ANN. 5.875% 07/14/2006, 500,000 | 506,100 | 502,963 | |||||||||||
AMERICAN HONDA FINANCE CORP |
QUARTERLY FLOATING 03/07/2006, 5,000,000 | 5,001,664 | 5,002,135 | |||||||||||
AMERICAN HONDA FINANCE CORP |
4.46%, 3/08/07 | 1,832,741 | 1,832,741 | |||||||||||
AMERICREDIT AUTO RECEIVABLES TRUST |
MONTHLY 4.460% 04/12/2009, 319,491 | 324,115 | 319,202 | |||||||||||
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 1996-B |
MONTHLY 3.100% 11/06/2009, 575,870 | 574,729 | 569,135 | |||||||||||
AMSI 2005-R2 A3A |
4.48%, 3/26/07 | 111,711 | 111,711 | |||||||||||
AMSI 05-R4 A2A |
4.46%, 5/25/07 | 13,871 | 13,871 | |||||||||||
ANHEUSER BUSCH COS INC NT |
SEMI-ANN. 5.600% 07/06/2006, 1,500,000 | 1,513,440 | 1,503,795 | |||||||||||
ANZ DEL INC |
ZERO COUPON 02/22/2006, 1,500,000 | 1,490,640 | 1,490,640 | |||||||||||
ANZ DEL INC DISC COML PAPER 3/A3 YRS 3&4 |
ZERO COUPON 02/24/2006, 12,000,000 | 11,922,960 | 11,922,960 | |||||||||||
ANZ NATIONAL (INTL) LTD |
4.31%, 1/30/07 | 733,096 | 733,096 | |||||||||||
APRECO ZCP |
ZERO COUPON 04/17/2006, 2,000,000 | 1,973,853 | 1,973,853 | |||||||||||
AQUINAS FUNDING LLC DISC COMMERCIAL PAPER |
ZERO COUPON 01/23/2006, 3,900,000 | 3,890,025 | 3,890,025 | |||||||||||
ASIF GLOBAL FINANCING XXII FLTG RTE NTS |
QUARTERLY FLOATING 05/30/2006, 6,000,000 | 6,001,311 | 6,003,762 | |||||||||||
ASIF GLOBAL FUNDING XV |
4.51%, 12/11/06 | 1,222,379 | 1,222,379 | |||||||||||
ASIF GLOBAL FUNDING XV |
4.40%, 12/11/06 | 244,605 | 244,605 | |||||||||||
AT&T INC |
SEMI-ANN. 5.750% 05/02/2006, 1,900,000 | 1,915,142 | 1,904,805 | |||||||||||
ATLANTIS ONE FDG CORP04915UB65 |
ZERO COUPON 02/06/2006, 4,400,000 | 4,382,928 | 4,382,928 | |||||||||||
ATLANTIS ONE FDG CORP DISCOUNTED |
ZERO COUPON 02/09/2006, 9,000,000 | 8,958,953 | 8,958,952 | |||||||||||
BANC OF AMERICA SECURIIES AUTO TRUST 2005-WF1 |
MONTHLY 3.505% 07/18/2006, 515,019 | 515,019 | 514,663 | |||||||||||
BANC OF AMERICA SECURIIES LLC |
4.10%, 1/03/06 | 1,221,827 | 1,221,827 | |||||||||||
BANKBOSTON NA |
SEMI-ANN. 7.375% 09/15/2006, 500,000 | 511,784 | 508,381 | |||||||||||
BANQUE GENERALE DU L CORPORATE CMMRCL PPR |
ZERO COUPON 02/09/2006, 3,500,000 | 3,483,885 | 3,483,885 | |||||||||||
BARTON CAPITAL CORP |
ZERO COUPON 01/10/2006, 2,000,000 | 1,998,000 | 1,998,000 | |||||||||||
BCAINTESABCI LN |
4.24%, 2/01/06 | 1,221,827 | 1,221,827 | |||||||||||
BEAR STEARNS COS.INC FR MTN |
QUARTERLY FLOATING 02/23/2006, 8,200,000 | 8,200,430 | 8,199,647 | |||||||||||
BETA FINANCE INC |
4.31%, 3/10/06 | 97,744 | 97,744 | |||||||||||
BNP PARIBAS FIN INC CORPORATE CMMRCL PPR |
ZERO COUPON 03/16/2006, 13,000,000 | 12,883,358 | 12,883,358 | |||||||||||
CAFCO LLC CORPORATE COMMERCIAL PAPER DISCOUNT DTD |
ZERO COUPON 01/26/2006, 7,150,000 | 7,128,997 | 7,128,997 | |||||||||||
CALYON, LDN |
4.20%, 2/21/06 | 610,914 | 610,914 | |||||||||||
28
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
CALYON NORTH AMERICA I CORP COMMERCIAL PAPER |
ZERO COUPON 01/31/2006, 2,000,000 | 1,993,200 | 1,993,200 | |||||||||||
CALYON NORTH AMERICA I CORPORATE COMMERCIAL PAPER |
ZERO COUPON 02/01/2006, 2,700,000 | 2,690,235 | 2,690,235 | |||||||||||
CANADIAN IMPERIAL BANK NY |
4.35%, 1/30/07 | 2,810,203 | 2,810,203 | |||||||||||
CANTOR FITZGERALD SECURITIES |
4.23%, 1/03/06 | 1,534,175 | 1,534,175 | |||||||||||
CAPITAL AUTO RECEIVABLES ASSET TRUST |
MONTHLY 3.580% 10/16/2006, 214,007 | 214,504 | 213,820 | |||||||||||
CAPITAL ONE MULTI ASSET EXECUTION TRUST VAR |
MONTHLY FLOATING 01/15/2009, 2,000,000 | 2,004,474 | 2,001,657 | |||||||||||
CARMAX AUTO OWNER TRUST 2003-2 CL A3 |
MONTHLY 2.360% 10/15/2007, 1,023,655 | 1,017,742 | 1,018,070 | |||||||||||
CARMAX AUTO OWNER TRUST SER 2005-1 CL A |
MONTHLY 3.780% 02/15/2008, 952,391 | 949,018 | 948,894 | |||||||||||
CARR 05-OPT2 |
4.47%, 5/04/07 | 147,477 | 147,477 | |||||||||||
CDC FINANCIAL PROD INC |
4.35%, 1/30/06 | 1,221,827 | 1,221,827 | |||||||||||
CHARTA, LLC CORPORATE COMMERCIAL PAPER DISCOUNT |
ZERO COUPON 01/31/2006, 11,250,000 | 11,209,594 | 11,209,594 | |||||||||||
CHEYNE HIGH GRADE ABS CDO I |
4.38%, 11/10/06 | 2,443,655 | 2,443,655 | |||||||||||
CIT GROUP INC |
SEMI-ANN. 2.875% 09/29/2006, 6,000,000 | 5,950,400 | 5,916,678 | |||||||||||
CIT GROUP INC |
SEMI-ANN. 4.125% 02/21/2006, 2,000,000 | 2,002,549 | 1,999,164 | |||||||||||
CITIBANK CREDIT CARD ISSUANCE TRUST |
SEMI-ANN. 2.700% 01/15/2008, 1,805,000 | 1,799,055 | 1,803,595 | |||||||||||
CITIGROUP GLOBAL MARKETS HLDGS INC |
SEMI-ANN. 5.875% 03/15/2006, 4,000,000 | 4,020,237 | 4,009,880 | |||||||||||
CMLTI 2005-OPT1 SERIES A1A |
4.69%, 2/08/07 | 126,864 | 126,864 | |||||||||||
CMLTI 2005-OPT3 A1A |
4.47%, 7/06/07 | 108,295 | 108,295 | |||||||||||
COOP. ASSOC. TRACTOR CORP COMMERCIAL PAPER |
ZERO COUPON 02/17/2006, 2,000,000 | 1,989,921 | 1,989,921 | |||||||||||
COUNTRYWIDE SECURITIES |
4.0%, 1/03/06 | 1,221,827 | 1,221,827 | |||||||||||
CREDIT AGRICOLE SA |
4.04%, 1/05/06 | 244,365 | 244,365 | |||||||||||
CREDIT SUISSE FIRST BOSTON, NY |
4.37%, 3/29/07 | 610,914 | 610,914 | |||||||||||
CREDIT SUISSE FIRST BOSTON USA INC |
ZERO COUPON 01/24/2006, 2,000,000 | 1,995,068 | 1,995,068 | |||||||||||
CREDIT SUISSE FIRST BOSTON(USA),INC |
SEMI-ANN. 5.875% 08/01/2006, 2,000,000 | 2,022,475 | 2,011,782 | |||||||||||
CREDIT SUISSE NY FRN |
QUARTERLY FLOATING 03/27/2007, 2,300,000 | 2,300,000 | 2,300,382 | |||||||||||
CWL 2005-1 AF 1 |
4.48%, 3/30/07 | 145,050 | 145,050 | |||||||||||
CWL 2005-3 3AV1 |
4.48%, 1/31/07 | 185,079 | 185,079 | |||||||||||
CWL 05 17 4AV1 |
4.49%, 12/28/07 | 268,802 | 268,802 | |||||||||||
CWL 05 AB1 A1 |
4.48%, 1/31/07 | 139,535 | 139,535 | |||||||||||
DAVIS SQUARE II |
4.39%, 11/06/07 | 610,914 | 610,914 | |||||||||||
DEXIA CREDIT LOCAL NY CD 25213EFB0 |
MONTHLY FLOATING 11/06/2006, 4,000,000 | 3,998,661 | 3,999,192 | |||||||||||
DEXIA DELAWARE LLC CORP COMMERCIAL PAPER |
ZERO COUPON 03/13/2006, 11,000,000 | 10,905,048 | 10,905,048 | |||||||||||
DNB NOR BANK ASA DISC |
ZERO COUPON 02/08/2006, 4,840,000 | 4,817,930 | 4,817,930 | |||||||||||
DNB NOR BANK ASA ZCP |
ZERO COUPON 02/03/2006, 450,000 | 448,218 | 448,218 | |||||||||||
DRESDNER BANK AG |
4.3%, 1/03/06 | 3,909,847 | 3,909,847 | |||||||||||
29
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
EDISON ASSET SECRITN CORP COMMERCIAL PAPER |
ZERO COUPON 01/09/2006, 10,000,000 | 9,990,556 | 9,990,556 | |||||||||||
EUREKA SECURTZN INC. CORP COMMERCIAL PAPER |
ZERO COUPON 01/17/2006, 9,300,000 | 9,282,775 | 9,282,775 | |||||||||||
FAIRWAY FIN CORP |
ZERO COUPON 01/09/2006, 2,000,000 | 1,998,222 | 1,998,222 | |||||||||||
FCAR OWNER TRUST CORP COMMERCIAL PAPER |
ZERO COUPON 01/27/2006, 11,700,000 | 11,663,496 | 11,663,496 | |||||||||||
FFML 05 FF12A2A |
4.47%, 12/28/07 | 610,914 | 610,914 | |||||||||||
FFMLT05 FF2 A2A |
4.47%, 4/27/07 | 80,999 | 80,999 | |||||||||||
FIFTH THIRD BANCORP |
4.35%, 1/30/07 | 318,089 | 318,089 | |||||||||||
FORTIS BANK, NEW YORK |
4.36%, 5/29/07 | 757,103 | 757,103 | |||||||||||
FORTIS BANK, NEW YORK |
3.970% 07/17/2006, 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||
FRANKLIN AUTO TRUST 2003-2 A-3 |
MONTHLY 2.310% 01/15/2008, 161,098 | 160,482 | 160,888 | |||||||||||
GE LIFE AND ANNUITY |
4.45%, 12/20/06 | 610,914 | 610,914 | |||||||||||
GE WMC 05-2 A2A |
4.47%, 12/19/07 | 452,076 | 452,076 | |||||||||||
GENERAL ELECTRIC CAPITAL |
4.39%, 6/01/06 | 1,221,827 | 1,221,827 | |||||||||||
GENERAL ELECTRIC CAPITAL |
4.47%, 1/02/07 | 610,914 | 610,914 | |||||||||||
GENERAL ELECTRIC CAPITAL CORP |
4.39%, 3/29/06 | 610,914 | 610,914 | |||||||||||
GENERAL ELECTRIC CAPITAL CORP |
4.36%, 5/12/06 | 293,540 | 293,540 | |||||||||||
GOLDMAN SACHS GROUP INC MED TERM NTS |
SEMI-ANN. 7.200% 03/01/2007, 6,400,000 | 6,573,006 | 6,570,816 | |||||||||||
GOLDMAN SACHS GROUP, INC |
4.35%, 1/02/07 | 1,221,827 | 1,221,827 | |||||||||||
GOLDMAN SACHS GROUP, INC |
4.32%, 12/31/07 | 610,914 | 610,914 | |||||||||||
GOLDMAN SACHS GROUP, INC |
4.41%, 12/28/07 | 488,731 | 488,731 | |||||||||||
GOLDMAN SACHS GROUP L P DISC |
ZERO COUPON 05/02/2006, 2,000,000 | 1,970,422 | 1,970,422 | |||||||||||
GOTHAM FDG CORP CORP COMMERCIAL PAPER |
ZERO COUPON 04/25/2006, 2,000,000 | 1,972,133 | 1,972,133 | |||||||||||
GREENWICH CAPITAL |
4.32%, 1/03/06 | 1,221,827 | 1,221,827 | |||||||||||
GREYHAWK FDG LLC DISC RESTRICTED |
ZERO COUPON 05/22/2006, 2,000,000 | 1,965,455 | 1,965,455 | |||||||||||
GSAA 2005-5 A-1 |
4.47%, 4/27/07 | 114,303 | 114,303 | |||||||||||
GSAA 2005-6 A-1 |
4.49%, 5/25/07 | 226,755 | 226,755 | |||||||||||
GSAMP 2005-HE2 A1 |
4.48%, 3/30/07 | 38,169 | 38,169 | |||||||||||
HANNOVER FDG CO. LLC CORP COMMERCIAL PAPER |
ZERO COUPON 02/16/2006, 2,000,000 | 1,988,781 | 1,988,781 | |||||||||||
HARLEY DAVIDSON MOTORCYCLE TRUST 01-3 A-2 |
MONTHLY 4.040% 10/15/2009, 561,385 | 564,114 | 558,149 | |||||||||||
HARLEY-DAVIDSON MOTORCYCLE TRUST 2002-1 2002-1 A-2 |
MONTHLY 4.500% 01/15/2010, 189,554 | 190,718 | 189,314 | |||||||||||
HBOS TREASURY SERV P CORP COMMERCIAL PAPER |
ZERO COUPON 02/21/2006, 10,000,000 | 9,939,508 | 9,939,508 | |||||||||||
HBOS TREASURY SERV PLC |
ZERO COUPON 01/26/2006, 3,400,000 | 3,389,894 | 3,389,894 | |||||||||||
HEAT 2005-4 2A1 |
4.47%, 6/25/07 | 104,549 | 104,549 | |||||||||||
HEAT 2005-6 2A1 |
4.50%, 8/31/07 | 321,511 | 321,511 | |||||||||||
HELLER FINANCIAL INC |
SEMI-ANN. 6.375% 03/15/2006, 12,600,000 | 12,676,169 | 12,642,601 | |||||||||||
30
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
HONDA AUTO REC. OWNER TR 2005-4 A1 |
MONTHLY 3.827% 08/21/2006, 483,952 | 483,952 | 483,419 | |||||||||||
HOUSEHOLD AUTOMOTIVE TRUST 01-3 A-4 |
MONTHLY 4.370% 12/17/2008, 616,325 | 623,632 | 614,935 | |||||||||||
HSBC BANK CANADA TORONTO |
4.56%, 5/22/06 | 1,221,827 | 1,221,827 | |||||||||||
HSBC FINANCE CORP |
SEMI-ANN. 6.500% 01/24/2006, 4,000,000 | 4,008,766 | 4,003,980 | |||||||||||
HSBC FINANCE CORP |
SEMI-ANN. 7.875% 03/01/2007, 2,500,000 | 2,585,523 | 2,580,612 | |||||||||||
HYUNDAI AUTO RECEICEVABLES TRUST |
MONTHLY 2.800% 02/15/2007, 115,556 | 115,440 | 115,460 | |||||||||||
IKON RECEIVABLES LLC 2003-1 CL A3B |
MONTHLY 2.330% 12/17/2007, 343,067 | 341,575 | 341,911 | |||||||||||
ING (US) FUNDING LLC CORP COMMERCIAL PAPER |
ZERO COUPON 01/09/2006, 10,100,000 | 10,090,439 | 10,090,439 | |||||||||||
ING AMER HLDGS INC |
ZERO COUPON 01/09/2006, 2,000,000 | 1,998,209 | 1,998,209 | |||||||||||
ING USA |
4.26%, 1/24/06 | 659,787 | 659,787 | |||||||||||
INTERNATIONAL LEASE FIN CORP DISC |
ZERO COUPON 03/31/2006, 2,000,000 | 1,980,865 | 1,980,865 | |||||||||||
INTESA FUNDING LLC |
4.20%, 1/10/06 | 363,955 | 363,955 | |||||||||||
INTESA FUNDING LLC |
ZERO COUPON 02/01/2006, 7,150,000 | 7,124,018 | 7,124,018 | |||||||||||
ISLANDSBANKI HF CORP |
4.42%, 1/30/07 | 488,731 | 488,731 | |||||||||||
JACKSON NATIONAL LIFE |
4.43%, 4/11/06 | 1,221,827 | 1,221,827 | |||||||||||
KAUPTHING BANK HF |
4.43%, 1/30/07 | 1,160,736 | 1,160,736 | |||||||||||
KITTYHAWK FUNDING CORP COMMERCIAL PAPER |
ZERO COUPON 01/17/2006, 2,000,000 | 1,996,178 | 1,996,178 | |||||||||||
LANDESBANK HESSEN THUR |
4.53%, 3/31/06 | 610,822 | 610,822 | |||||||||||
LANDSBANK ISLANDS HF |
4.45%, 1/30/07 | 733,096 | 733,096 | |||||||||||
LANDESBK BADEN-WUERTTEMBERG |
4.52%, 3/29/06 | 1,221,662 | 1,221,662 | |||||||||||
LBMLT 2005-2 A1 |
4.46%, 4/5/07 | 174,177 | 174,177 | |||||||||||
LLOYDS BK PLC |
ZERO COUPON 01/30/2006, 13,000,000 | 12,955,179 | 12,955,179 | |||||||||||
LONG BEACH ACCEPTANCE AUTO RECEIVABLES TRUST |
MONTHLY 3.983% 03/15/2009, 1,129,934 | 1,131,549 | 1,127,151 | |||||||||||
LONG LANE MASTER TR CORP COMMERCIAL PAPER |
ZERO COUPON 01/12/2006, 2,000,000 | 1,997,659 | 1,997,659 | |||||||||||
MABS 05-OPT1 A3 |
4.47%, 5/11/07 | 77,069 | 77,069 | |||||||||||
MACQUARIE BANK LIMITED |
ZERO COUPON 02/06/2006, 11,450,000 | 11,400,536 | 11,400,536 | |||||||||||
MANE FUNDING CORP CORPORATE COMMERCIAL PAPER |
ZERO COUPON 01/25/2006, 4,500,000 | 4,487,250 | 4,487,250 | |||||||||||
MARKET ST FNDG CORP CORP COMMERCIAL PAPER |
ZERO COUPON 04/21/2006, 2,000,000 | 1,973,050 | 1,973,050 | |||||||||||
MASSACHUSETTS RRB SPECIAL PURPOSE TRUST SER 2005-1 |
SEMI-ANN. 3.400% 09/15/2008, 1,953,887 | 1,944,508 | 1,944,368 | |||||||||||
MBNA MASTER CREDIT CARD TRUST II 01-A A VARIABLE |
MONTHLY FLOATING 07/15/2008, 2,000,000 | 2,001,721 | 2,000,409 | |||||||||||
MERRILL LYNCH & CO FR MTN |
QUARTERLY FLOATING 01/26/2007, 7,000,000 | 7,008,238 | 7,009,233 | |||||||||||
MERRILL LYNCH & COMPANY |
4.41%, 8/22/07 | 610,914 | 610,914 | |||||||||||
METROPOLITAN LIFE GLOBAL |
4.43%, 1/30/07 | 855,279 | 855,279 | |||||||||||
METROPOLITAN LIFE INSURANCE |
4.36%, 3/30/06 | 855,279 | 855,279 | |||||||||||
MONUMENTAL GLOBAL FDG II SR SEC VAR144A |
QUARTERLY FLOATING 04/10/2006, 5,500,000 | 5,503,305 | 5,503,047 | |||||||||||
31
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
MORGAN STANLEY |
4.43%, 1/02/07 | 1,221,827 | 1,221,827 | |||||||||||
MORGAN STANLEY |
4.42%, 1/19/07 | 1,832,741 | 1,832,741 | |||||||||||
MORGAN STANLEY |
SEMI-ANN. 6.100% 04/15/2006, 5,000,000 | 5,038,826 | 5,017,565 | |||||||||||
MSAC 2005-NC A3A |
4.46%, 3/30/07 | 55,829 | 55,829 | |||||||||||
MSAC 05-HE2 A-3A |
4.47%, 3/30/07 | 16,218 | 16,218 | |||||||||||
MSAC 05-WMC2 A2A |
4.46%, 4/27/07 | 54,025 | 54,025 | |||||||||||
NATEXIS BANQUES POPULAIRES |
4.37%, 10/16/06 | 1,404,881 | 1,404,881 | |||||||||||
NATIONAL CITY AUTO 02-A A4 |
MONTHLY 4.830% 08/15/2009, 354,510 | 357,220 | 354,685 | |||||||||||
NATIONAL CITY BANK CLEVELAND |
4.36%, 12/05/07 | 610,795 | 610,795 | |||||||||||
NATIONAL CITY BANK CLEVELAND |
4.39%, 6/01/07 | 488,587 | 488,587 | |||||||||||
NATIONAL CITY BANK INDIANA |
4.40%, 1/25/07 | 1,477,888 | 1,477,888 | |||||||||||
NATIONWIDE BUILDING SOCIETY |
4.29%, 1/30/07 | 244,505 | 244,505 | |||||||||||
NATIONWIDE BUILDING SOCIETY |
4.33%, 1/30/07 | 268,802 | 268,802 | |||||||||||
NCHET 05-3 A2A |
4.47%, 6/22/07 | 523,035 | 523,035 | |||||||||||
NESTLE CAP CORP CORP COMMERCIAL PAPER |
ZERO COUPON 01/25/2006, 2,000,000 | 1,994,867 | 1,994,867 | |||||||||||
NEW YORK LIFE GL FUNDING |
4.39%, 12/20/07 | 1,221,827 | 1,221,827 | |||||||||||
NEW YORK LIFE INSURANCE |
4.40%, 3/30/06 | 488,731 | 488,731 | |||||||||||
NIEUW AMSTERDAM RECV CORP COMMERCIAL PAPER |
ZERO COUPON 01/03/2006, 2,000,000 | 1,999,558 | 1,999,558 | |||||||||||
NISSAN AUTO RECEIVABLES OWNER TRUST 2003-C CL A3 |
MONTHLY 2.230% 03/15/2007, 302,531 | 301,480 | 301,925 | |||||||||||
NORDEA NORTH AMER. I CORPORATE COMMERCIAL PAPER |
ZERO COUPON 02/22/2006, 1,600,000 | 1,590,016 | 1,590,016 | |||||||||||
NORDEA NORTH AMER. INC ZCP |
ZERO COUPON 01/09/2006, 5,000,000 | 4,995,311 | 4,995,311 | |||||||||||
NORTHERN ROCK PLC |
QUARTERLY FLOATING 04/21/2006, 2,450,000 | 2,450,000 | 2,450,206 | |||||||||||
OIL INSURANCE LTD |
4.52%, 9/8/06 | 504,612 | 504,612 | |||||||||||
ONYX ACCEPT OWNER TR 02-C A-4 |
MONTHLY 4.070% 04/15/2009, 93,380 | 93,906 | 93,264 | |||||||||||
ONYX ACCEPTANCE AUTO TRUST |
MONTHLY 2.190% 03/17/2008, 121,162 | 120,411 | 120,445 | |||||||||||
OOMLT 05- A-2 |
4.46%, 5/03/07 | 30,227 | 30,227 | |||||||||||
PARADIGM FDG LLC CORP COMMERCIAL PAPER |
ZERO COUPON 01/03/2006, 2,000,000 | 1,999,559 | 1,999,559 | |||||||||||
PG&E ENERGY RECOVERY FUNDING LLC 2005-1 CL A1 |
QUARTERLY 3.320% 09/25/2008, 1,337,025 | 1,330,721 | 1,329,630 | |||||||||||
PPSI 05-WCW1A3A |
4.47%, 5/31/07 | 143,050 | 143,050 | |||||||||||
PPSI 05 WHQ4 A2 |
4.49%, 8/30/07 | 199,129 | 199,129 | |||||||||||
PPSI 2005-WHQ3 |
4.46%, 5/25/07 | 186,112 | 186,112 | |||||||||||
PROTECTIVE LIFE INSURANCE |
4.28%, 10/26/06 | 977,462 | 977,462 | |||||||||||
PROTECTIVE LIFE U S FDG TR CTF-03 FLT144A |
QUARTERLY FLOATING 02/17/2006, 1,990,000 | 1,990,482 | 1,990,273 | |||||||||||
RABOBANK USA FINL CO CORP COMMERCIAL PAPER |
ZERO COUPON 05/15/2006, 2,000,000 | 1,967,244 | 1,967,244 | |||||||||||
RAMP05 EFC7 AI1 |
4.48%, 12/28/07 | 366,548 | 366,548 | |||||||||||
32
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
RASC 05-KS4 A-1 |
4.46%, 5/04/07 | 52,379 | 52,379 | |||||||||||
RASC 05-KS12 A1 |
4.47%, 12/28/07 | 244,365 | 244,365 | |||||||||||
ROYAL BANK OF CANADA |
4.3%, 2/14/06 | 733,096 | 733,096 | |||||||||||
ROYAL BANK OF SCOTLAND NY |
SEMI-ANN. 4.310% 09/29/2006, 9,100,000 | 9,100,000 | 9,100,000 | |||||||||||
SANTANDER CNTL HISPANO CORP COMMERCIAL PAPER |
ZERO COUPON 06/01/2006, 2,000,000 | 1,962,837 | 1,962,837 | |||||||||||
SASC 2005-RMS1 A1 |
4.78%, 2/26/07 | 55,442 | 55,442 | |||||||||||
SCALDIS & SCALDIS JOIN |
ZERO COUPON 03/27/2006, 2,000,000 | 1,979,222 | 1,979,222 | |||||||||||
SCALDIS CAPITAL LTD SCALDIS CAPITAL LLC |
ZERO COUPON 01/31/2006, 12,700,000 | 12,654,280 | 12,654,280 | |||||||||||
SEDNA FIN INC |
4.34%, 6/08/06 | 1,221,704 | 1,221,704 | |||||||||||
SHEFFIELD RECEIVABLE CORPORATE COMMERCIAL PAPER |
ZERO COUPON 01/30/2006, 10,915,000 | 10,877,016 | 10,877,016 | |||||||||||
SLM CORPORATION |
4.60%, 12/31/07 | 610,914 | 610,914 | |||||||||||
SLM CORPORATION |
4.56%, 12/31/07 | 391,146 | 391,146 | |||||||||||
SOCIETE GEN NO AMER ZCP |
ZERO COUPON 02/21/2006, 11,000,000 | 10,933,615 | 10,933,615 | |||||||||||
SOCIETE GENERALE NORTH AMER INC DISC |
ZERO COUPON 03/06/2006, 750,000 | 744,120 | 744,120 | |||||||||||
SURF 2005-BC1A1A |
4.49%, 3/07/07 | 184,976 | 184,976 | |||||||||||
SVHE 05-OPT2 A2 |
4.49%, 8/17/07 | 123,519 | 123,519 | |||||||||||
SWEDBANK CORP COMMERCIAL PAPER DISCOUNT DTD |
ZERO COUPON 05/08/2006, 1,700,000 | 1,673,432 | 1,673,432 | |||||||||||
SWEDBANK STOCKHOLM |
4.11%, 2/06/06 | 366,548 | 366,548 | |||||||||||
SYDNEY CAPITAL CORP CORPORATE COMMERCIAL PAPER |
ZERO COUPON 02/10/2006, 2,000,000 | 1,991,289 | 1,991,289 | |||||||||||
THAMES AST GLOB SEC #1 |
ZERO COUPON 02/06/2006, 11,850,000 | 11,799,045 | 11,799,045 | |||||||||||
TOYOTA AUTO RECEIVABLES OWNER TRUST SERIES 2003-A |
MONTHLY 1.690% 03/15/2007, 78,637 | 78,379 | 78,385 | |||||||||||
TRANSAMERICA OCCIDENTAL LIFE |
4.52%, 1/02/07 | 2,932,386 | 2,932,386 | |||||||||||
TRAVELERS INSURANCE COMPANY |
4.37%, 4/28/06 | 1,221,827 | 1,221,827 | |||||||||||
TRAVELERS INSURANCE COMPANY |
4.50%, 12/15/06 | 537,604 | 537,604 | |||||||||||
UBS FINANCE (DELW) CORP COMMERCIAL PAPER |
ZERO COUPON 02/14/2006, 2,000,000 | 1,990,552 | 1,990,552 | |||||||||||
UNITED TECHNOLOGIES CORP |
SEMI-ANN. 4.875% 11/01/2006, 1,785,000 | 1,785,561 | 1,789,345 | |||||||||||
U.S. BANK N.A. |
4.38%, 11/30/07 | 1,221,373 | 1,221,373 | |||||||||||
U.S. BANK N.A. |
4.30%, 12/05/07 | 1,221,351 | 1,221,351 | |||||||||||
USA EDUCATION INC |
SEMI-ANN. 5.625% 04/10/2007, 3,250,000 | 3,280,881 | 3,269,458 | |||||||||||
USAA AUTO OWNER TRUST 2003-1 |
MONTHLY 1.580% 06/15/2007, 182,506 | 181,914 | 182,164 | |||||||||||
VOLKSWAGEN AUTO LN ENHANCED TR 2003-2 A3 |
MONTHLY 2.270% 10/22/2007, 427,567 | 424,507 | 424,385 | |||||||||||
WACHOVIA AUTO OWNER TRUST |
MONTHLY 4.480% 12/20/2006, 500,000 | 500,000 | 500,078 | |||||||||||
WACHOVIA AUTO OWNER TRUST SER 2004-A CLA A2 |
MONTHLY 2.490% 04/20/2007, 15,680 | 15,646 | 15,661 | |||||||||||
WAMU CAPITAL CORP |
4.42%, 1/03/06 | 1,221,827 | 1,221,827 | |||||||||||
WASHINGTON MUTUAL FINANCE |
SEMI-ANN. 6.250% 05/15/2006, 1,100,000 | 1,109,812 | 1,106,003 | |||||||||||
33
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
Corporate Debt Instruments — (continued): |
||||||||||||||
WELLS FARGO & CO |
SEMI-ANN. 5.900% 05/21/2006, 1,500,000 | 1,515,954 | 1,505,817 | |||||||||||
WEST CORP FED CREDIT UNION |
4.38%, 12/14/07 | 977,462 | 977,462 | |||||||||||
WESTPAC BANKING CORP. CORP COMMERCIAL PAPER |
ZERO COUPON 02/14/2006, 8,000,000 | 7,958,397 | 7,958,397 | |||||||||||
WFS FINANCIAL OWNER TR 2002-2 A4 |
QUARTERLY 4.500% 02/20/2010, 518,517 | 519,327 | 518,451 | |||||||||||
WFS FINANCIAL OWNER TRUST 2003-4 A-3 |
MONTHLY 2.390% 01/22/2008, 229,316 | 228,546 | 228,742 | |||||||||||
WFS FINANCIAL OWNER TRUST SERIES 2004-1 A3 |
MONTHLY 2.190% 06/20/2008, 300,847 | 298,746 | 298,920 | |||||||||||
WFS FINANCIAL OWNER TRUST SERIES 2004-2 CL A2 |
MONTHLY 2.030% 10/22/2007, 41,330 | 41,228 | 41,267 | |||||||||||
WORLD OMNI AUTO RECEIVABLES TRUST |
MONTHLY 2.200% 01/15/2008, 816,262 | 809,700 | 810,157 | |||||||||||
WORLD OMNI AUTO TR 2002-A |
MONTHLY 4.050% 07/15/2009, 986,707 | 992,564 | 985,991 | |||||||||||
XL LIFE AND ANNUITY |
4.45%, 4/28/06 | 720,878 | 720,878 | |||||||||||
XLLIAC GLOBAL FUNDING |
4.39%, 12/31/07 | 1,099,645 | 1,099,645 | |||||||||||
Total Corporate Debt Instruments |
492,251,272 | 492,039,223 | ||||||||||||
Loans to Plan Participants: |
||||||||||||||
LOANS TO PARTICIPANTS |
INTEREST RATE RANGE: 4.00% - 10.5% | 280,389,279 | 280,389,279 | |||||||||||
| UNITED STATES GOVERNMENT-SPONSORED ENTERPRISE OBLIGATIONS: | ||||||||||||||
FEDERAL HOME LN MTG CORP DISC NTS |
SEMI-ANN. ZERO COUPON 07/31/2006, 2,000,000 | 1,953,392 | 1,953,392 | |||||||||||
FEDERAL HOME LN MTG CORP MTN CALL |
QUARTERLY FLOATING 01/27/2006, 400,000 | 400,006 | 399,568 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
ZERO COUPON 01/11/2006, 12,200,000 | 14,185,543 | 14,185,543 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
ZERO COUPON 01/18/2006, 5,100,000 | 5,090,415 | 5,090,415 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
ZERO COUPON 02/01/2006, 2,000,000 | 1,993,008 | 1,993,008 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
SEMI-ANN. ZERO COUPON 03/01/2006, 2,000,000 | 1,985,968 | 1,985,968 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
SEMI-ANN. ZERO COUPON 03/08/2006, 2,000,000 | 1,984,930 | 1,984,930 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
SEMI-ANN. ZERO COUPON 04/12/2006, 2,000,000 | 1,975,592 | 1,975,592 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
SEMI-ANN. ZERO COUPON 03/15/2006, 2,000,000 | 1,982,723 | 1,983,196 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
ZERO COUPON 03/22/2006, 2,000,000 | 1,981,244 | 1,981,244 | |||||||||||
FEDERAL NATL MTG ASSN DISC NT MATURES |
ZERO COUPON 06/30/2006, 2,000,000 | 1,960,800 | 1,960,800 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
ZERO COUPON 01/10/2006, 13,350,000 | 13,337,918 | 13,337,918 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
ZERO COUPON 02/06/2006, 1,800,000 | 1,792,440 | 1,792,440 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
ZERO COUPON 03/14/2006, 2,000,000 | 1,983,200 | 1,983,200 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
SEMI-ANN. ZERO COUPON 04/18/2006, 2,000,000 | 1,974,439 | 1,974,439 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
SEMI-ANN. ZERO COUPON 02/21/2006, 2,000,000 | 1,988,383 | 1,988,383 | |||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
SEMI-ANN. ZERO COUPON 08/22/2006, 2,000,000 | 1,948,675 | 1,941,352 | |||||||||||
34
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Assets (Held at End of Year) at December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (c) Description of Investment including Maturity Date, | ||||||||||||||
| (a) | (b) Identity of Issue, Borrower, Lessor, or Similar Party | Rate of Interest, Collateral, Par, or Maturity Value | (d) Cost | (e) Current Value | ||||||||||
| UNITED STATES GOVERNMENT-SPONSORED ENTERPRISE OBLIGATIONS — (continued): | ||||||||||||||
FEDL HOME LN MTG CORP DISC NT MATURES |
ZERO COUPON 01/24/2006, 2,000,000 | 1,994,883 | 1,994,883 | |||||||||||
FEDL NATL MTG ASSOC DISC NT |
ZERO COUPON 03/29/2006, 2,000,000 | 1,979,410 | 1,979,410 | |||||||||||
FREDDIE MAC |
SEMI-ANN. ZERO COUPON 09/19/2006, 10,000,000 | 9,708,188 | 9,669,770 | |||||||||||
Total
United States Government-sponsored enterprise obligations |
72,201,157 | 72,155,451 | ||||||||||||
Certificates of Deposit: |
||||||||||||||
BANCO BILBAO VIZCAYA ARGENTARIA |
3.970% 07/18/2006, 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||
BANCO BILBAO VIZCAYA CERT OF DEP FIXED |
4.770% 11/20/2006, 5,000,000 | 4,999,942 | 4,999,942 | |||||||||||
BANK OF NEW YORK |
4.665% 11/06/2006, 4,700,000 | 4,700,000 | 4,700,000 | |||||||||||
CITIBANK NEW YORK N. |
4.255% 02/09/2006, 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||
CREDIT SUIS FIRST BOST NY |
QUARTERLY FLOATING 03/21/2006, 3,100,000 | 3,100,000 | 3,100,000 | |||||||||||
CREDIT SUISSE FST NY CERT OF DEPOSIT |
MONTHLY FLOATING 07/19/2006, 4,500,000 | 4,500,122 | 4,500,122 | |||||||||||
DEUTSCHE BANK AG NY |
3.970% 07/14/2006, 2,200,000 | 2,200,000 | 2,200,000 | |||||||||||
ROYAL BK OF CANADA |
3.750% 06/15/2006, 6,500,000 | 6,500,000 | 6,500,000 | |||||||||||
TORONTO-DOMINION |
3.860% 04/07/2006, 8,500,000 | 8,483,887 | 8,483,887 | |||||||||||
Total Certificates of Deposit |
42,483,951 | 42,483,951 | ||||||||||||
Money Market Funds: |
||||||||||||||
BARCLAYS DOMICILED MONEY MKT FUND FOR EBT |
12 Units | 12 | 12 | |||||||||||
Total Investments |
$ | 11,042,671,237 | $ | 11,677,525,189 | ||||||||||
| * | Party-in-interest investments | |
| ** | Interest rate is net of administrative service fees. |
35
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Debt Instruments — All Other |
||||||||||
Aesop Funding II LLC |
Monthly, 3.85% , due 10/20/06, 1,666,667 | $ | 1,669,206 | $ | 1,666,667 | |||||
Aquinas Funding |
Zero Coupon, due 4/12/2005, 5,000,000 | 4,968,356 | 4,995,676 | |||||||
Bay View 2002-LJ-1 |
Monthly, 2.92% , due 12/25/07, 1,413,580 | 1,409,825 | 1,413,580 | |||||||
CIT Group Inc Med Term Sr NTS |
Quarterly Floating, due 4/19/06, 4,000,000 | 4,002,576 | 4,003,480 | |||||||
Drive Auto Receivables Trust 2002-1 |
Monthly, 4.09%, due 1/15/08, 134,260 | 134,727 | 134,260 | |||||||
Ford Credit Auto Owner Trust |
Monthly, 3.13%, due 11/15/06, 1,200,000 | 1,200,891 | 1,200,000 | |||||||
Goldman Sachs Group, Inc. |
Monthly Floating, due 8/01/06, 2,950,000 | 2,950,000 | 2,951,505 | |||||||
Goldman Sachs Group Inc. Mtn. |
Quarterly Floating, due 4/20/06, 5,000,000 | 5,009,700 | 5,004,600 | |||||||
Honda Auto Receivables Trust |
Monthly, 1.68%, due 11/21/06, 424,494 | 421,974 | 424,494 | |||||||
Merrill Lynch Co Inc Mtn Be Vr |
Quarterly Floating, due 4/18/06, 1,000,000 | 1,002,948 | 1,001,811 | |||||||
National City Auto Receivables Trust Ser |
Monthly, 1.50%, due 2/15/07, 1,367,076 | 1,360,935 | 1,367,076 | |||||||
Navistar Financial Owner Trust 2004-A |
Monthly, 1.45%, due 1/15/07, 453,279 | 450,942 | 453,279 | |||||||
Neiman Marcus Group Cr Card M Ser |
Monthly Floating, due 4/15/008, 1,666,667 | 1,668,643 | 1,666,667 | |||||||
Whole Auto Loan Trust 2003-1 |
Monthly, 1.84%, due 10/15/06, 2,000,000 | 1,988,125 | 2,000,000 | |||||||
Total Corporate Debt Instruments |
28,238,848 | 28,283,095 | ||||||||
Corporate Stock — Common |
||||||||||
AC Moore Arts & Craft Inc |
24,300 shares | 644,685 | 330,323 | |||||||
Accredo Health |
20,600 shares | 569,853 | 890,001 | |||||||
Adams Respiratory Therapeutics Inc |
300 shares | 5,100 | 7,566 | |||||||
Advanced Analogic |
100 shares | 1,000 | 1,173 | |||||||
Advisory Board Inc |
10,500 shares | 389,583 | 404,997 | |||||||
Aetna Inc |
12,800 shares | 1,596,800 | 1,571,419 | |||||||
Affiliated Computr |
65,200 shares | 3,924,388 | 3,850,622 | |||||||
Alcoa Inc |
62,100 shares | 1,951,182 | 1,923,130 | |||||||
Alliance Atlantis Communications |
19,100 shares | 487,097 | 485,527 | |||||||
Alltel Corp |
152,100 shares | 8,937,396 | 8,970,602 | |||||||
Alon USA Energy |
100 shares | 1,600 | 1,772 | |||||||
36
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
Altria Group |
39,200 shares | 2,395,120 | 2,375,817 | |||||||
Amer Express Co |
98,000 shares | 5,524,260 | 5,476,994 | |||||||
Amer Intl Grp |
191,200 shares | 12,556,104 | 12,620,625 | |||||||
American Italian Pasta |
24,300 shares | 560,053 | 639,789 | |||||||
American Realty Trust |
40,800 shares | 644,022 | 568,575 | |||||||
American Tower Corp |
15,372 shares | 250,900 | 350,441 | |||||||
Amerigroup Corp. |
25,400 shares | 959,537 | 976,159 | |||||||
Andrx Group |
58,400 shares | 1,133,902 | 928,584 | |||||||
Anheuser-Busch Cos |
69,200 shares | 3,510,516 | 3,494,518 | |||||||
Anixter International, Inc. |
5,300 shares | 173,610 | 188,035 | |||||||
Annaly Mtg Mgmt Inc |
38,200 shares | 744,545 | 717,199 | |||||||
Arch Coal Inc |
30,000 shares | 1,179,848 | 1,955,494 | |||||||
Ariba Inc |
72,900 shares | 656,510 | 434,535 | |||||||
Assurant Inc |
185,400 shares | 5,663,970 | 5,684,843 | |||||||
Astec Industries Inc |
900 shares | 25,208 | 29,724 | |||||||
AT & T Inc |
177,600 shares | 4,576,752 | 4,540,948 | |||||||
Atherogenics Inc |
22,600 shares | 379,672 | 354,514 | |||||||
Atmos Energy Corp. |
37,900 shares | 1,037,912 | 1,044,553 | |||||||
Autozone Inc |
38,900 shares | 3,551,959 | 3,529,275 | |||||||
Bank of America Corp |
292,900 shares | 13,763,371 | 13,601,665 | |||||||
Basic Energy Services Inc |
500 shares | 10,000 | 10,665 | |||||||
Bear Stearns Cos Inc |
18,000 shares | 1,841,580 | 1,842,239 | |||||||
Bk of New York |
157,400 shares | 5,260,308 | 5,244,933 | |||||||
Blue Nile Inc |
7,700 shares | 189,243 | 222,404 | |||||||
Brookfield Properties Corp |
124,600 shares | 4,660,040 | 4,609,843 | |||||||
Brown-Forman Corp |
40,200 shares | 1,956,936 | 1,936,698 | |||||||
Burlington Resources Inc |
179,400 shares | 7,803,900 | 7,325,358 | |||||||
CA Inc |
157,100 shares | 4,879,526 | 4,838,410 | |||||||
37
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
Cabot Microelectronics Corp |
24,500 shares | 722,253 | 710,581 | |||||||
Capital Automotive REIT |
22,800 shares | 795,570 | 874,552 | |||||||
Cendant Corp |
202,100 shares | 4,725,098 | 4,682,345 | |||||||
Centurytel Inc |
83,900 shares | 2,975,933 | 2,925,592 | |||||||
Chevron Corp |
142,700 shares | 7,493,177 | 7,260,263 | |||||||
Chubb Corp |
122,700 shares | 9,435,630 | 9,365,680 | |||||||
Citi Trends Inc |
100 shares | 1,400 | 1,584 | |||||||
Citigroup Inc |
460,600 shares | 22,191,708 | 22,223,430 | |||||||
Clarcor Inc |
3,100 shares | 84,140 | 95,779 | |||||||
Clear Channel Communications Inc |
62,200 shares | 2,083,078 | 2,045,088 | |||||||
Coca Cola Co |
111,200 shares | 4,629,256 | 4,616,805 | |||||||
Comcast Corp New CL |
147,200 shares | 4,898,816 | 4,835,260 | |||||||
Conocophillips |
106,200 shares | 9,221,346 | 8,930,043 | |||||||
Corporate Executive Board |
6,600 shares | 433,754 | 431,690 | |||||||
Cousins Properties |
20,800 shares | 621,440 | 552,408 | |||||||
Cuno Inc |
8,900 shares | 511,466 | 638,717 | |||||||
Cynosure Inc |
100 shares | 1,500 | 1,903 | |||||||
Dean Foods Co |
82,900 shares | 2,731,555 | 2,682,117 | |||||||
Design within Reach Inc |
41,500 shares | 645,584 | 215,788 | |||||||
Devon Energy Corp |
177,700 shares | 6,916,084 | 6,591,378 | |||||||
Dollar Financial Corp |
100 shares | 1,600 | 1,642 | |||||||
Dominion Resources Inc (VA) |
80,600 shares | 5,459,844 | 5,437,068 | |||||||
Dresser Rand Group |
19,400 shares | 407,400 | 404,597 | |||||||
Dycom Industries |
32,400 shares | 903,116 | 666,832 | |||||||
Emulex Corp |
25,900 shares | 467,431 | 480,304 | |||||||
Engineered Support Systems Inc |
30,400 shares | 1,140,213 | 1,239,268 | |||||||
Esco Technologies Inc |
22,500 shares | 1,289,510 | 1,689,317 | |||||||
Exelon Corp |
109,700 shares | 4,834,479 | 4,739,916 | |||||||
38
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
Exxon Mobil Corp |
66,400 shares | 3,403,664 | 3,324,504 | |||||||
Fifth Third Bancorp |
120,400 shares | 5,692,512 | 5,722,478 | |||||||
Firstenergy Corp |
46,900 shares | 1,853,019 | 1,844,487 | |||||||
FPL Group Inc |
42,000 shares | 3,139,500 | 3,102,845 | |||||||
Freddie Mac |
209,000 shares | 15,403,300 | 15,250,164 | |||||||
Gannett Co Inc |
101,900 shares | 8,325,230 | 8,272,048 | |||||||
General Dynamics Corp |
34,500 shares | 3,608,700 | 3,518,883 | |||||||
General Electric Co |
127,400 shares | 4,650,100 | 4,658,909 | |||||||
GFI Group Inc |
100 shares | 2,100 | 2,509 | |||||||
Golden West Financial Corp |
150,300 shares | 9,231,426 | 9,201,361 | |||||||
Hartford Financial Services Grp Inc |
67,200 shares | 4,657,632 | 4,621,908 | |||||||
Headwaters Inc |
21,700 shares | 706,914 | 846,055 | |||||||
Heartland Payment Systems Inc |
500 shares | 9,000 | 11,749 | |||||||
Hewlett Packard Co |
418,800 shares | 8,782,236 | 8,806,739 | |||||||
Hilton Hotels Corp |
155,900 shares | 3,545,166 | 3,540,406 | |||||||
Hittite Microwave Corp |
7,100 shares | 121,123 | 135,034 | |||||||
IHS Inc |
900 shares | 14,400 | 15,304 | |||||||
Insight Communications Inc |
67,400 shares | 641,362 | 798,050 | |||||||
Insituform Technologies |
51,600 shares | 1,020,368 | 967,826 | |||||||
Intercontinental Exchange Inc |
1,100 shares | 28,600 | 43,090 | |||||||
International Business Machines Corp |
38,400 shares | 3,785,472 | 3,752,706 | |||||||
Internatl Securities Exchange Inc |
200 shares | 3,600 | 5,369 | |||||||
ITC Holdings Inc |
700 shares | 16,100 | 18,706 | |||||||
Ivax Corp |
29,000 shares | 439,786 | 546,060 | |||||||
James River Group Inc |
100 shares | 1,800 | 1,977 | |||||||
Johnson & Johnson |
88,500 shares | 5,612,670 | 5,564,661 | |||||||
Keryx Biopharmaceuticals |
23,600 shares | 387,170 | 312,882 | |||||||
Kinder Morgan Inc |
110,700 shares | 8,095,491 | 7,885,940 | |||||||
39
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
Knight-Ridder Inc |
20,900 shares | 1,399,046 | 1,378,720 | |||||||
Lexmark Intl Inc |
51,400 shares | 4,369,000 | 4,367,818 | |||||||
Liberty Media Corp |
666,800 shares | 7,321,464 | 7,187,269 | |||||||
Lowe’s Cos Inc |
39,000 shares | 2,246,010 | 2,259,568 | |||||||
M&T Bank Corp |
30,600 shares | 3,299,904 | 3,254,769 | |||||||
Maidenform Brands Inc |
800 shares | 13,600 | 16,037 | |||||||
Manhattan Associates Inc |
18,300 shares | 432,422 | 355,680 | |||||||
Mantech International Corp |
9,500 shares | 190,400 | 249,140 | |||||||
Marsh & Mclennan Cos Inc |
88,100 shares | 2,898,490 | 2,896,572 | |||||||
Martek Biosciences Corp |
17,500 shares | 854,641 | 779,445 | |||||||
Massey Energy |
21,600 shares | 771,254 | 1,084,940 | |||||||
MBNA Corp |
197,600 shares | 5,570,344 | 5,603,607 | |||||||
McDonald’s Corp |
100,900 shares | 3,234,854 | 3,208,545 | |||||||
MGIC Investment Corp |
104,000 shares | 7,166,640 | 7,067,383 | |||||||
Microsoft Corp |
287,300 shares | 7,673,783 | 7,676,476 | |||||||
Morgan Stanley |
139,800 shares | 7,761,696 | 7,811,701 | |||||||
Navigators Group Inc |
15,000 shares | 451,863 | 525,211 | |||||||
North Fork Bancorp |
162,900 shares | 4,699,665 | 4,688,152 | |||||||
Northern Trust Corp |
132,400 shares | 6,431,992 | 6,326,228 | |||||||
Old Republic International Corp |
135,100 shares | 3,418,030 | 3,401,995 | |||||||
Olin Corp |
14,600 shares | 316,192 | 362,869 | |||||||
Omnicare Inc |
32,600 shares | 1,124,320 | 1,241,569 | |||||||
Onyx Pharmaceuticals |
16,200 shares | 400,395 | 464,125 | |||||||
Optionsxpress Hldgs Inc |
100 shares | 1,650 | 2,004 | |||||||
Outback Steakhouse Inc |
53,000 shares | 2,426,340 | 2,407,813 | |||||||
Packeteer Inc |
49,500 shares | 586,586 | 359,071 | |||||||
Pentair Inc |
13,800 shares | 579,978 | 568,325 | |||||||
Petco Animal Supplies Inc |
30,000 shares | 1,138,640 | 743,029 | |||||||
40
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
Pfizer Inc |
523,100 shares | 14,066,159 | 13,825,209 | |||||||
Piper Jaffray Companies |
16,300 shares | 447,818 | 516,165 | |||||||
PRG-Schultz International |
108,200 shares | 555,262 | 284,013 | |||||||
Principal Finl Group |
100,200 shares | 4,102,188 | 4,086,391 | |||||||
Progenics Pharmaceuticals Inc |
1,900 shares | 32,389 | 38,914 | |||||||
Prudential Financial Inc |
79,200 shares | 4,352,832 | 4,264,028 | |||||||
Quiksilver Resources, Inc. |
31,300 shares | 897,887 | 1,376,790 | |||||||
Reddy Ice Holdings Inc |
600 shares | 11,100 | 11,690 | |||||||
Renal Care Group Inc |
32,900 shares | 1,208,071 | 1,530,008 | |||||||
Rigel Pharmaceutic |
18,700 shares | 384,974 | 141,910 | |||||||
Robbins & Myers Inc |
17,500 shares | 410,134 | 382,717 | |||||||
RSA Security Inc |
28,300 shares | 362,462 | 303,035 | |||||||
Ruths Chris Steak House Inc |
600 shares | 10,800 | 12,375 | |||||||
Safeco Corp |
89,500 shares | 4,675,480 | 4,562,469 | |||||||
Scripps Co |
15,000 shares | 724,200 | 715,018 | |||||||
Skywest Inc |
46,000 shares | 914,141 | 1,134,301 | |||||||
Southwestern Energy Co. |
37,700 shares | 775,786 | 1,965,899 | |||||||
Spartech Corp. |
27,600 shares | 687,194 | 511,795 | |||||||
Spectrasite Inc |
14,800 shares | 863,230 | 1,132,381 | |||||||
State Ntl Bancshares Inc |
100 shares | 2,600 | 2,658 | |||||||
Sunpower Corp |
200 shares | 3,600 | 5,243 | |||||||
Suntrust Banks Inc |
61,800 shares | 4,565,784 | 4,497,019 | |||||||
Supportsoft Inc |
69,800 shares | 447,082 | 405,027 | |||||||
S1 Corp |
59,100 shares | 511,732 | 293,082 | |||||||
The St. Paul Travelers Cos Inc |
66,100 shares | 2,450,327 | 2,460,779 | |||||||
Time Warner Inc |
443,000 shares | 8,611,920 | 8,589,126 | |||||||
Tyco International |
211,900 shares | 7,573,306 | 7,505,110 | |||||||
Under Armour Inc |
1,000 shares | 13,000 | 24,302 | |||||||
41
Table of Contents
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 December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
For The Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4i)
| (b) Description of investment, including maturity date, | (c ) Cost of | (d) Proceeds of | ||||||||
| (a) Identity of Issue, Borrower, Lessor, or Similar Party | rate of interest, collateral, par, or maturity value | acquisitions | dispositions | |||||||
Corporate Stock — Common — (continued) |
||||||||||
United Technologies Corp |
74,600 shares | 7,709,910 | 7,682,054 | |||||||
US Bancorp Delaware |
212,900 shares | 6,668,028 | 6,605,919 | |||||||
US Unwired Inc |
111,700 shares | 536,440 | 698,125 | |||||||
Vail Resorts Inc |
24,900 shares | 554,813 | 646,140 | |||||||
Varian Inc |
18,700 shares | 758,408 | 712,737 | |||||||
Verizon Communications Inc |
175,200 shares | 7,097,352 | 7,090,003 | |||||||
VF Corp |
89,500 shares | 4,956,510 | 4,863,003 | |||||||
Viacom Inc |
133,700 shares | 4,865,343 | 4,895,846 | |||||||
Vulcan Materials |
94,400 shares | 5,155,184 | 5,044,127 | |||||||
Wachovia Corp |
169,500 shares | 8,915,700 | 8,842,439 | |||||||
Washington Mutual Inc |
157,600 shares | 6,663,328 | 6,642,528 | |||||||
Waste Management Inc |
145,900 shares | 4,368,246 | 4,305,409 | |||||||
Watson Wyatt Worldwide Inc |
26,700 shares | 715,781 | 721,967 | |||||||
WebMD Health Corporation |
600 shares | 10,500 | 13,646 | |||||||
Wells Fargo & Co |
93,600 shares | 5,817,240 | 5,792,676 | |||||||
Western Wireless Corp |
25,600 shares | 791,220 | 979,598 | |||||||
Worldspace Inc |
200 shares | 4,200 | 4,588 | |||||||
Wyeth |
92,500 shares | 3,939,576 | 3,933,841 | |||||||
York International |
600 shares | 22,246 | 24,193 | |||||||
Total Corporate Stock — Common |
499,189,492 | 497,456,920 | ||||||||
Partnership/Joint Ventures: |
||||||||||
Enterprise GP Holdings LP |
500 shares | 14,000 | 16,467 | |||||||
Total Partnership/Joint Ventures |
14,000 | 16,467 | ||||||||
TOTAL INVESTMENTS |
$ | 527,442,340 | $ | 525,756,482 | ||||||
42
Table of Contents
THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Plan number: 002 — EIN: 13/4994650
Schedule of Reportable Transactions
For the Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4j)
For the Year Ended December 31, 2005
(IRS Form 5500 — Schedule H — Part IV — Line 4j)
| (a) | (f) Expense | |||||||||||||||||||||||||||
| Identity | incurred | (h) Current value | ||||||||||||||||||||||||||
| of party | (b) Description of asset (include interest rate and maturity in | (c) Purchase | (d) | with | of asset on | (i) Net gain or | ||||||||||||||||||||||
| involved | case of a loan) | price | Selling price | transaction | (g) Cost of asset | transaction date | (loss) | |||||||||||||||||||||
| Single Transactions — Schedule H, Part IV, Line 4J | ||||||||||||||||||||||||||||
| * | JPMorgan US Equity FDS Value Opportunities |
$ | 16.90 | $ | — | $ | — | $ | 455,000,000 | $ | 455,000,000 | $ | — | |||||||||||||||
| Series of Transactions — Schedule H, Part IV Line 4J | ||||||||||||||||||||||||||||
| * | JPMorgan Chase & Co. Common Stock, 41 buys |
various | 176,132 | 360,536,903 | 360,360,773 | — | ||||||||||||||||||||||
| * | JPMorgan Chase & Co. Common Stock, 152 sells |
various | 227,698 | 450,200,173 | 433,693,508 | (16,734,363 | ) | |||||||||||||||||||||
| * | JPMorgan Domestic Liquidity Fund, 719 buys |
1.00 | — | 2,257,059,033 | 2,257,059,033 | — | ||||||||||||||||||||||
| * | JPMorgan Domestic Liquidity Fund, 590 sells |
1.00 | — | 2,278,857,849 | 2,278,857,849 | — | ||||||||||||||||||||||
| * | JP Morgan US Equity FDS Value Opportunities, 156 buys |
various | — | 548,389,264 | 548,389,264 | 0 | ||||||||||||||||||||||
| * | JP Morgan US Equity FDS Value Opportunities, 352 sells |
various | — | 39,961,597 | 43,968,244 | 4,006,647 | ||||||||||||||||||||||
BGI Equity Index Fund, 44 buys |
various | — | 230,217,061 | 230,217,061 | 0 | |||||||||||||||||||||||
BGI Equity Index Fund, 223 sells |
various | — | 147,540,934 | 154,008,559 | 6,467,625 | |||||||||||||||||||||||
BGI Russell 1000 Growth Fund, 36 buys |
various | — | 320,323,150 | 320,323,150 | 0 | |||||||||||||||||||||||
BGI Russell 1000 Growth Fund, 227 sells |
various | — | 70,232,290 | 68,877,096 | (1,355,194 | ) | ||||||||||||||||||||||
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 $11,200,744,651. Five percent of this amount is $560,037,233. |
||||||||||||||||||||||||||||
| Note 2: Column ‘(e) Lease rental’ has been omitted, as there are no data to report in this column. | ||||||||||||||||||||||||||||
| * | Party-in-interest investments |
|||||||||||||||||||||||||||
43
Table of Contents
SIGNATURE
Pursuant to the requirements of the Securities Exchange of Act of 1934, the registrant has
duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly
authorized.
| JPMORGAN CHASE & CO. |
||||||
| By: | /s/ Joseph L. Sclafani | |||||
| Joseph L. Sclafani |
||||||
| Executive Vice President and Controller | ||||||
| (Principal Accounting Officer) |
||||||
Date: June 21, 2006
44
Table of Contents
INDEX TO EXHIBITS
SEQUENTIALLY NUMBERED
| Exhibit No. | Exhibits | Page At Which Located | ||
| 23 | Consent of Independent Registered Public Accounting Firm |
46 |
45
Table of Contents
Exhibit 23
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants and Plan Administrator of
The JPMorgan Chase 401(k) Savings Plan:
The JPMorgan Chase 401(k) Savings Plan:
We consent to the incorporation by reference in the registration statements No. 33-01776 and No.
333-31656 on Form S-8 of JPMorgan Chase & Co. of our report dated June 21, 2006, relating to the
statements of net assets available for benefits of The JPMorgan Chase 401(k) Savings Plan as of
December 31, 2005 and 2004 and the related statements of changes in net assets available for
benefits for the years then ended, and all related schedules, which report appears in the December
31, 2005 annual report on Form 11-K of The JPMorgan Chase 401(k) Savings Plan.
| /s/ Mitchell & Titus, LLP |
New York, New York
June 21, 2006
June 21, 2006
46