# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-007434
**Filing Date:** 2026-3
**Character Count:** 320428
**Document Hash:** 2846c02b6e57171eb821b0037ac1d6ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007434.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007434

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** J.P. Morgan Exchange-Traded Fund Trust
- **CENTRAL INDEX KEY:** 0001485894

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 26805580

**BUSINESS ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (800) 480-4111

**MAIL ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### JPMorgan Flexible Income ETF (Series ID: S000088766)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000255141 | JPMorgan Flexible Income ETF | JFLI            |

## Nport-Ex

**JPMorgan Flexible Income ETF**

**Schedule of Portfolio Investments as of January 31, 2026**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS" <br> LIST ("the List") IS TO BE USED FOR REPORTING PURPOSES <br> ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS <br> ADVERTISING OR SALES LITERATURE WITH THE GENERAL <br> PUBLIC. The list is submitted for the general information of the <br> shareholders of the Fund. It is not authorized for distribution to <br> prospective investors in the Fund unless preceded or accompanied by a <br> prospectus. The list has been created from the books and records of <br> the Fund. Holdings are available 60 days after the fund's fiscal quarter, <br> using a trade date accounting convention, by contacting the appropriate <br> service center. The list is subject to change without notice. The list is <br> for informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2026. |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Exchange-Traded Funds — 61.4%** | **Exchange-Traded Funds — 61.4%** | **Exchange-Traded Funds — 61.4%** |
| **United States — 61.4%** | **United States — 61.4%** | **United States — 61.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (a) | &nbsp;&nbsp;&nbsp;&nbsp; 298017 | &nbsp;&nbsp;&nbsp;&nbsp; 13956136 |
| &nbsp;&nbsp;&nbsp; JPMorgan Equity Premium Income ETF (a) | &nbsp;&nbsp;&nbsp;&nbsp; 31669 | &nbsp;&nbsp;&nbsp;&nbsp; 1854536 |
| &nbsp;&nbsp;&nbsp; JPMorgan Income ETF (a) | &nbsp;&nbsp;&nbsp;&nbsp; 17117 | &nbsp;&nbsp;&nbsp;&nbsp; 795684 |
| &nbsp;&nbsp;&nbsp; JPMorgan Nasdaq Equity Premium Income ETF (a) | &nbsp;&nbsp;&nbsp;&nbsp; 149614 | &nbsp;&nbsp;&nbsp;&nbsp; 8891560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds <br>(Cost $25,191,435)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 25497916 |
| **Common Stocks — 29.7%** | **Common Stocks — 29.7%** | **Common Stocks — 29.7%** |
| **Australia — 0.6%** | **Australia — 0.6%** | **Australia — 0.6%** |
| &nbsp;&nbsp;&nbsp; AGL Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3047 | &nbsp;&nbsp;&nbsp;&nbsp; 19170 |
| &nbsp;&nbsp;&nbsp; Atlas Arteria Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 5574 |
| &nbsp;&nbsp;&nbsp; Bendigo & Adelaide Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 880 | &nbsp;&nbsp;&nbsp;&nbsp; 6701 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 339 | &nbsp;&nbsp;&nbsp;&nbsp; 11676 |
| &nbsp;&nbsp;&nbsp; Dexus, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 574 | &nbsp;&nbsp;&nbsp;&nbsp; 2678 |
| &nbsp;&nbsp;&nbsp; Endeavour Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1669 | &nbsp;&nbsp;&nbsp;&nbsp; 4288 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 272 | &nbsp;&nbsp;&nbsp;&nbsp; 3939 |
| &nbsp;&nbsp;&nbsp; Glencore plc | &nbsp;&nbsp;&nbsp;&nbsp; 1745 | &nbsp;&nbsp;&nbsp;&nbsp; 11896 |
| &nbsp;&nbsp;&nbsp; Insignia Financial Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1113 | &nbsp;&nbsp;&nbsp;&nbsp; 3596 |
| &nbsp;&nbsp;&nbsp; JB Hi-Fi Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 1803 |
| &nbsp;&nbsp;&nbsp; Magellan Financial Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 596 | &nbsp;&nbsp;&nbsp;&nbsp; 3603 |
| &nbsp;&nbsp;&nbsp; Metcash Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2732 | &nbsp;&nbsp;&nbsp;&nbsp; 6298 |
| &nbsp;&nbsp;&nbsp; New Hope Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1243 | &nbsp;&nbsp;&nbsp;&nbsp; 3898 |
| &nbsp;&nbsp;&nbsp; Origin Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 263 | &nbsp;&nbsp;&nbsp;&nbsp; 2157 |
| &nbsp;&nbsp;&nbsp; Region Group, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 1276 | &nbsp;&nbsp;&nbsp;&nbsp; 2047 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 386 | &nbsp;&nbsp;&nbsp;&nbsp; 40215 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp; 721 | &nbsp;&nbsp;&nbsp;&nbsp; 65780 |
| &nbsp;&nbsp;&nbsp; Sonic Healthcare Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 942 | &nbsp;&nbsp;&nbsp;&nbsp; 15064 |
| &nbsp;&nbsp;&nbsp; Treasury Wine Estates Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 636 | &nbsp;&nbsp;&nbsp;&nbsp; 2370 |
| &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 619 | &nbsp;&nbsp;&nbsp;&nbsp; 10929 |
| &nbsp;&nbsp;&nbsp; Woolworths Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 707 | &nbsp;&nbsp;&nbsp;&nbsp; 15173 |
| &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 847 | &nbsp;&nbsp;&nbsp;&nbsp; 3390 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 242245 |
| **Austria — 0.1%** | **Austria — 0.1%** | **Austria — 0.1%** |
| &nbsp;&nbsp;&nbsp; ANDRITZ AG | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 5365 |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (b) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 5531 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 9881 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp;&nbsp;&nbsp; 347 | &nbsp;&nbsp;&nbsp;&nbsp; 20614 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 4587 |
| &nbsp;&nbsp;&nbsp; Strabag SE | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 2904 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 48882 |
| **Belgium — 0.1%** | **Belgium — 0.1%** | **Belgium — 0.1%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 5824 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 6200 |
| &nbsp;&nbsp;&nbsp; Proximus SADP | &nbsp;&nbsp;&nbsp;&nbsp; 725 | &nbsp;&nbsp;&nbsp;&nbsp; 6615 |
| &nbsp;&nbsp;&nbsp; Umicore SA | &nbsp;&nbsp;&nbsp;&nbsp; 287 | &nbsp;&nbsp;&nbsp;&nbsp; 6823 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25462 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Canada — 1.7%** | **Canada — 1.7%** | **Canada — 1.7%** |
| &nbsp;&nbsp;&nbsp; Agnico Eagle Mines Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 12926 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) | &nbsp;&nbsp;&nbsp;&nbsp; 580 | &nbsp;&nbsp;&nbsp;&nbsp; 43362 |
| &nbsp;&nbsp;&nbsp; Barrick Mining Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 987 | &nbsp;&nbsp;&nbsp;&nbsp; 45115 |
| &nbsp;&nbsp;&nbsp; BCE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1532 | &nbsp;&nbsp;&nbsp;&nbsp; 39604 |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1133 | &nbsp;&nbsp;&nbsp;&nbsp; 42128 |
| &nbsp;&nbsp;&nbsp; Canadian Tire Corp. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 143 | &nbsp;&nbsp;&nbsp;&nbsp; 17593 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 1537 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 827 | &nbsp;&nbsp;&nbsp;&nbsp; 40371 |
| &nbsp;&nbsp;&nbsp; Fortis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 784 | &nbsp;&nbsp;&nbsp;&nbsp; 41801 |
| &nbsp;&nbsp;&nbsp; Great-West Lifeco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 770 | &nbsp;&nbsp;&nbsp;&nbsp; 36044 |
| &nbsp;&nbsp;&nbsp; Hydro One Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 3953 |
| &nbsp;&nbsp;&nbsp; Keyera Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp;&nbsp;&nbsp; 10836 |
| &nbsp;&nbsp;&nbsp; Magna International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 801 | &nbsp;&nbsp;&nbsp;&nbsp; 40949 |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 690 | &nbsp;&nbsp;&nbsp;&nbsp; 47507 |
| &nbsp;&nbsp;&nbsp; Pembina Pipeline Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 944 | &nbsp;&nbsp;&nbsp;&nbsp; 39226 |
| &nbsp;&nbsp;&nbsp; Power Corp. of Canada | &nbsp;&nbsp;&nbsp;&nbsp; 514 | &nbsp;&nbsp;&nbsp;&nbsp; 25922 |
| &nbsp;&nbsp;&nbsp; Restaurant Brands International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 555 | &nbsp;&nbsp;&nbsp;&nbsp; 37185 |
| &nbsp;&nbsp;&nbsp; Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 965 | &nbsp;&nbsp;&nbsp;&nbsp; 51005 |
| &nbsp;&nbsp;&nbsp; TC Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 334 | &nbsp;&nbsp;&nbsp;&nbsp; 19584 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2776 | &nbsp;&nbsp;&nbsp;&nbsp; 38735 |
| &nbsp;&nbsp;&nbsp; Tourmaline Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 816 | &nbsp;&nbsp;&nbsp;&nbsp; 38617 |
| &nbsp;&nbsp;&nbsp; Whitecap Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1875 | &nbsp;&nbsp;&nbsp;&nbsp; 17102 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 691102 |
| **China — 0.0% ^** | **China — 0.0% ^** | **China — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6760 |
| &nbsp;&nbsp;&nbsp; Wilmar International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 4005 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10765 |
| **Denmark — 0.2%** | **Denmark — 0.2%** | **Denmark — 0.2%** |
| &nbsp;&nbsp;&nbsp; AL Sydbank | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 4891 |
| &nbsp;&nbsp;&nbsp; Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 6390 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 1111 | &nbsp;&nbsp;&nbsp;&nbsp; 56603 |
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp;&nbsp; 6947 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 74831 |
| **Finland — 0.4%** | **Finland — 0.4%** | **Finland — 0.4%** |
| &nbsp;&nbsp;&nbsp; Fortum OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 661 | &nbsp;&nbsp;&nbsp;&nbsp; 15614 |
| &nbsp;&nbsp;&nbsp; Kemira OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 239 | &nbsp;&nbsp;&nbsp;&nbsp; 5621 |
| &nbsp;&nbsp;&nbsp; Kone OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp;&nbsp; 10133 |
| &nbsp;&nbsp;&nbsp; Konecranes OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; 8479 |
| &nbsp;&nbsp;&nbsp; Mandatum OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 477 | &nbsp;&nbsp;&nbsp;&nbsp; 3890 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp;&nbsp; 4934 | &nbsp;&nbsp;&nbsp;&nbsp; 95327 |
| &nbsp;&nbsp;&nbsp; Orion OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp; 12984 |
| &nbsp;&nbsp;&nbsp; TietoEVRY OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 3365 |
| &nbsp;&nbsp;&nbsp; UPM-Kymmene OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp;&nbsp; 7063 |
| &nbsp;&nbsp;&nbsp; Valmet OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp;&nbsp; 6168 |
| &nbsp;&nbsp;&nbsp; Wartsila OYJ Abp | &nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp;&nbsp; 15324 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 183968 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — 1.3%** | **France — 1.3%** | **France — 1.3%** |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 7784 |
| &nbsp;&nbsp;&nbsp; Amundi SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 4357 |
| &nbsp;&nbsp;&nbsp; Arkema SA | &nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 4155 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp;&nbsp; 288 | &nbsp;&nbsp;&nbsp;&nbsp; 13133 |
| &nbsp;&nbsp;&nbsp; Ayvens SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 531 | &nbsp;&nbsp;&nbsp;&nbsp; 7698 |
| &nbsp;&nbsp;&nbsp; Bouygues SA | &nbsp;&nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp;&nbsp; 7027 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp; 295 | &nbsp;&nbsp;&nbsp;&nbsp; 45837 |
| &nbsp;&nbsp;&nbsp; Carrefour SA | &nbsp;&nbsp;&nbsp;&nbsp; 1206 | &nbsp;&nbsp;&nbsp;&nbsp; 19753 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 6276 |
| &nbsp;&nbsp;&nbsp; Covivio SA, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp;&nbsp;&nbsp; 8497 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp; 2664 |
| &nbsp;&nbsp;&nbsp; Danone SA | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 13948 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 6525 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 3728 | &nbsp;&nbsp;&nbsp;&nbsp; 111305 |
| &nbsp;&nbsp;&nbsp; Gaztransport Et Technigaz SA | &nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 6679 |
| &nbsp;&nbsp;&nbsp; Klepierre SA, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 988 | &nbsp;&nbsp;&nbsp;&nbsp; 38061 |
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 10972 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp;&nbsp;&nbsp; 1349 | &nbsp;&nbsp;&nbsp;&nbsp; 25078 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard SA | &nbsp;&nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 5454 |
| &nbsp;&nbsp;&nbsp; Rubis SCA | &nbsp;&nbsp;&nbsp;&nbsp; 174 | &nbsp;&nbsp;&nbsp;&nbsp; 7046 |
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp;&nbsp;&nbsp; 301 | &nbsp;&nbsp;&nbsp;&nbsp; 107545 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 7010 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp; 302 | &nbsp;&nbsp;&nbsp;&nbsp; 21964 |
| &nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 5528 |
| &nbsp;&nbsp;&nbsp; Vallourec SACA | &nbsp;&nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp;&nbsp;&nbsp; 4457 |
| &nbsp;&nbsp;&nbsp; Veolia Environnement SA | &nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp;&nbsp; 7726 |
| &nbsp;&nbsp;&nbsp; Vinci SA | &nbsp;&nbsp;&nbsp;&nbsp; 242 | &nbsp;&nbsp;&nbsp;&nbsp; 34796 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 541275 |
| **Germany — 0.9%** | **Germany — 0.9%** | **Germany — 0.9%** |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp;&nbsp; 67810 |
| &nbsp;&nbsp;&nbsp; BASF SE | &nbsp;&nbsp;&nbsp;&nbsp; 307 | &nbsp;&nbsp;&nbsp;&nbsp; 16644 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 3295 |
| &nbsp;&nbsp;&nbsp; Bilfinger SE | &nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 7846 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG | &nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp;&nbsp; 8468 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp;&nbsp; 7397 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp;&nbsp;&nbsp; 17786 |
| &nbsp;&nbsp;&nbsp; DWS Group GmbH & Co. KGaA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 3441 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp; 1801 | &nbsp;&nbsp;&nbsp;&nbsp; 38199 |
| &nbsp;&nbsp;&nbsp; Evonik Industries AG | &nbsp;&nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp;&nbsp; 2525 |
| &nbsp;&nbsp;&nbsp; Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp; 191 | &nbsp;&nbsp;&nbsp;&nbsp; 6897 |
| &nbsp;&nbsp;&nbsp; HOCHTIEF AG | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 5871 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 388 | &nbsp;&nbsp;&nbsp;&nbsp; 26517 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 83032 |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 10986 |
| &nbsp;&nbsp;&nbsp; Siemens AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp;&nbsp;&nbsp; 40210 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp;&nbsp;&nbsp; 360 | &nbsp;&nbsp;&nbsp;&nbsp; 10540 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 357464 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp;&nbsp; 8910 |
| **Hong Kong — 0.3%** | **Hong Kong — 0.3%** | **Hong Kong — 0.3%** |
| &nbsp;&nbsp;&nbsp; Cathay Pacific Airways Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 3136 |
| &nbsp;&nbsp;&nbsp; Hang Lung Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 10860 |
| &nbsp;&nbsp;&nbsp; Henderson Land Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 3978 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 27566 |
| &nbsp;&nbsp;&nbsp; Hysan Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 2746 |
| &nbsp;&nbsp;&nbsp; Link, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 1839 |
| &nbsp;&nbsp;&nbsp; Man Wah Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 992 |
| &nbsp;&nbsp;&nbsp; Orient Overseas International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 16383 |
| &nbsp;&nbsp;&nbsp; PCCW Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 3737 |
| &nbsp;&nbsp;&nbsp; Power Assets Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 19392 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 642 | &nbsp;&nbsp;&nbsp;&nbsp; 10545 |
| &nbsp;&nbsp;&nbsp; VTech Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp;&nbsp; 5451 |
| &nbsp;&nbsp;&nbsp; Yue Yuen Industrial Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 10036 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 116661 |
| **Iraq — 0.0% ^** | **Iraq — 0.0% ^** | **Iraq — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; United Energy Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 38000 | &nbsp;&nbsp;&nbsp;&nbsp; 3129 |
| **Ireland — 0.1%** | **Ireland — 0.1%** | **Ireland — 0.1%** |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 692 | &nbsp;&nbsp;&nbsp;&nbsp; 7735 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 336 | &nbsp;&nbsp;&nbsp;&nbsp; 6827 |
| &nbsp;&nbsp;&nbsp; Cairn Homes plc | &nbsp;&nbsp;&nbsp;&nbsp; 2195 | &nbsp;&nbsp;&nbsp;&nbsp; 5424 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19986 |
| **Israel — 0.0% ^** | **Israel — 0.0% ^** | **Israel — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Delek Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 7880 |
| &nbsp;&nbsp;&nbsp; Plus500 Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 4835 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12715 |
| **Italy — 0.7%** | **Italy — 0.7%** | **Italy — 0.7%** |
| &nbsp;&nbsp;&nbsp; Azimut Holding SpA | &nbsp;&nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp;&nbsp; 4731 |
| &nbsp;&nbsp;&nbsp; Banca Generali SpA | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 5121 |
| &nbsp;&nbsp;&nbsp; Banca Mediolanum SpA | &nbsp;&nbsp;&nbsp;&nbsp; 1079 | &nbsp;&nbsp;&nbsp;&nbsp; 25311 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | &nbsp;&nbsp;&nbsp;&nbsp; 421 | &nbsp;&nbsp;&nbsp;&nbsp; 6311 |
| &nbsp;&nbsp;&nbsp; BFF Bank SpA \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 323 | &nbsp;&nbsp;&nbsp;&nbsp; 3097 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA | &nbsp;&nbsp;&nbsp;&nbsp; 542 | &nbsp;&nbsp;&nbsp;&nbsp; 7633 |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp;&nbsp;&nbsp; 4615 | &nbsp;&nbsp;&nbsp;&nbsp; 50989 |
| &nbsp;&nbsp;&nbsp; Eni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 1863 | &nbsp;&nbsp;&nbsp;&nbsp; 38078 |
| &nbsp;&nbsp;&nbsp; FinecoBank Banca Fineco SpA | &nbsp;&nbsp;&nbsp;&nbsp; 195 | &nbsp;&nbsp;&nbsp;&nbsp; 5170 |
| &nbsp;&nbsp;&nbsp; Generali | &nbsp;&nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp;&nbsp;&nbsp; 8525 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 7687 | &nbsp;&nbsp;&nbsp;&nbsp; 54419 |
| &nbsp;&nbsp;&nbsp; Maire SpA | &nbsp;&nbsp;&nbsp;&nbsp; 461 | &nbsp;&nbsp;&nbsp;&nbsp; 8055 |
| &nbsp;&nbsp;&nbsp; Poste Italiane SpA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp;&nbsp; 6269 |
| &nbsp;&nbsp;&nbsp; Ryanair Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 1182 | &nbsp;&nbsp;&nbsp;&nbsp; 40116 |
| &nbsp;&nbsp;&nbsp; Snam SpA | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp;&nbsp; 6185 |
| &nbsp;&nbsp;&nbsp; Technogym SpA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 388 | &nbsp;&nbsp;&nbsp;&nbsp; 8103 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Italy — continued** | **Italy — continued** | **Italy — continued** |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 211 | &nbsp;&nbsp;&nbsp;&nbsp; 18388 |
| &nbsp;&nbsp;&nbsp; Unipol Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp;&nbsp; 5457 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 301958 |
| **Ivory Coast — 0.0% ^** | **Ivory Coast — 0.0% ^** | **Ivory Coast — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Endeavour Mining plc | &nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp;&nbsp; 10018 |
| **Japan — 1.5%** | **Japan — 1.5%** | **Japan — 1.5%** |
| &nbsp;&nbsp;&nbsp; Activia Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 2802 |
| &nbsp;&nbsp;&nbsp; AEON REIT Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 3462 |
| &nbsp;&nbsp;&nbsp; Aozora Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 19441 |
| &nbsp;&nbsp;&nbsp; Astellas Pharma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 2782 |
| &nbsp;&nbsp;&nbsp; Canon, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp;&nbsp; 18263 |
| &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 2906 |
| &nbsp;&nbsp;&nbsp; Chugoku Electric Power Co., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 8936 |
| &nbsp;&nbsp;&nbsp; Cosmo Energy Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 5997 |
| &nbsp;&nbsp;&nbsp; Dai Nippon Printing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 7177 |
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 8794 |
| &nbsp;&nbsp;&nbsp; DIC Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 2447 |
| &nbsp;&nbsp;&nbsp; Electric Power Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp;&nbsp; 19114 |
| &nbsp;&nbsp;&nbsp; FANUC Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 16062 |
| &nbsp;&nbsp;&nbsp; Frontier Real Estate Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 2357 |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp;&nbsp; 20820 |
| &nbsp;&nbsp;&nbsp; Idemitsu Kosan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp;&nbsp; 18668 |
| &nbsp;&nbsp;&nbsp; Industrial & Infrastructure Fund Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 4842 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 8962 |
| &nbsp;&nbsp;&nbsp; Invincible Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 2541 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 1611 |
| &nbsp;&nbsp;&nbsp; Japan Exchange Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 16368 |
| &nbsp;&nbsp;&nbsp; Japan Metropolitan Fund Invest, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 19677 |
| &nbsp;&nbsp;&nbsp; Japan Post Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp;&nbsp; 9626 |
| &nbsp;&nbsp;&nbsp; Japan Tobacco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp; 10843 |
| &nbsp;&nbsp;&nbsp; JFE Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 13463 |
| &nbsp;&nbsp;&nbsp; KDX Realty Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 7573 |
| &nbsp;&nbsp;&nbsp; Kirin Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp;&nbsp; 12438 |
| &nbsp;&nbsp;&nbsp; Kobe Steel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 18713 |
| &nbsp;&nbsp;&nbsp; Kyushu Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 4453 |
| &nbsp;&nbsp;&nbsp; Kyushu Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp;&nbsp; 17848 |
| &nbsp;&nbsp;&nbsp; Lixil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 4589 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Chemical Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 11224 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp;&nbsp; 39843 |
| &nbsp;&nbsp;&nbsp; Nippon Shokubai Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 7201 |
| &nbsp;&nbsp;&nbsp; Nippon Yusen KK | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 3286 |
| &nbsp;&nbsp;&nbsp; Niterra Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 4372 |
| &nbsp;&nbsp;&nbsp; NOK Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 1948 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp;&nbsp; 8156 |
| &nbsp;&nbsp;&nbsp; Ono Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 1490 |
| &nbsp;&nbsp;&nbsp; Pola Orbis Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 4374 |
| &nbsp;&nbsp;&nbsp; Sekisui House REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 5285 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Shin-Etsu Chemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 16442 |
| &nbsp;&nbsp;&nbsp; SoftBank Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16500 | &nbsp;&nbsp;&nbsp;&nbsp; 22428 |
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp;&nbsp; 48505 |
| &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 21890 |
| &nbsp;&nbsp;&nbsp; Sumitomo Rubber Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp; 4835 |
| &nbsp;&nbsp;&nbsp; Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp;&nbsp;&nbsp; 24543 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp;&nbsp; 27232 |
| &nbsp;&nbsp;&nbsp; Tokio Marine Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp;&nbsp; 22364 |
| &nbsp;&nbsp;&nbsp; Toyo Tire Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp; 8085 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 27199 |
| &nbsp;&nbsp;&nbsp; United Urban Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 10398 |
| &nbsp;&nbsp;&nbsp; Yamaha Motor Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 1510 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 636185 |
| **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp; 171 | &nbsp;&nbsp;&nbsp;&nbsp; 9287 |
| **Netherlands — 0.8%** | **Netherlands — 0.8%** | **Netherlands — 0.8%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp; 4568 |
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 143391 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 6028 |
| &nbsp;&nbsp;&nbsp; BE Semiconductor Industries NV | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 21216 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 443 | &nbsp;&nbsp;&nbsp;&nbsp; 13064 |
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp;&nbsp;&nbsp; 267 | &nbsp;&nbsp;&nbsp;&nbsp; 10440 |
| &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 756 | &nbsp;&nbsp;&nbsp;&nbsp; 7929 |
| &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V., CVA | &nbsp;&nbsp;&nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp; 8311 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | &nbsp;&nbsp;&nbsp;&nbsp; 9017 | &nbsp;&nbsp;&nbsp;&nbsp; 44161 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 7530 |
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp;&nbsp; 51108 |
| &nbsp;&nbsp;&nbsp; Randstad NV | &nbsp;&nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp;&nbsp; 4688 |
| &nbsp;&nbsp;&nbsp; SBM Offshore NV | &nbsp;&nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp;&nbsp; 9196 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 331630 |
| **New Zealand — 0.0% ^** | **New Zealand — 0.0% ^** | **New Zealand — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Spark New Zealand Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3952 | &nbsp;&nbsp;&nbsp;&nbsp; 5378 |
| **Norway — 0.4%** | **Norway — 0.4%** | **Norway — 0.4%** |
| &nbsp;&nbsp;&nbsp; Aker BP ASA | &nbsp;&nbsp;&nbsp;&nbsp; 766 | &nbsp;&nbsp;&nbsp;&nbsp; 22549 |
| &nbsp;&nbsp;&nbsp; Aker Solutions ASA | &nbsp;&nbsp;&nbsp;&nbsp; 1970 | &nbsp;&nbsp;&nbsp;&nbsp; 7198 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp; 237 | &nbsp;&nbsp;&nbsp;&nbsp; 6796 |
| &nbsp;&nbsp;&nbsp; DOF Group ASA | &nbsp;&nbsp;&nbsp;&nbsp; 577 | &nbsp;&nbsp;&nbsp;&nbsp; 6753 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 1367 | &nbsp;&nbsp;&nbsp;&nbsp; 36743 |
| &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA | &nbsp;&nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp;&nbsp; 3700 |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | &nbsp;&nbsp;&nbsp;&nbsp; 1944 | &nbsp;&nbsp;&nbsp;&nbsp; 17259 |
| &nbsp;&nbsp;&nbsp; Orkla ASA | &nbsp;&nbsp;&nbsp;&nbsp; 652 | &nbsp;&nbsp;&nbsp;&nbsp; 7758 |
| &nbsp;&nbsp;&nbsp; Salmar ASA | &nbsp;&nbsp;&nbsp;&nbsp; 116 | &nbsp;&nbsp;&nbsp;&nbsp; 6910 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 2383 | &nbsp;&nbsp;&nbsp;&nbsp; 40086 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA | &nbsp;&nbsp;&nbsp;&nbsp; 3083 | &nbsp;&nbsp;&nbsp;&nbsp; 11273 |
| &nbsp;&nbsp;&nbsp; Vend Marketplaces ASA, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp;&nbsp; 4837 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 171862 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Peru — 0.0% ^** | **Peru — 0.0% ^** | **Peru — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 13203 |
| **Poland — 0.0% ^** | **Poland — 0.0% ^** | **Poland — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Santander Bank Polska SA | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 3138 |
| **Portugal — 0.0% ^** | **Portugal — 0.0% ^** | **Portugal — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Banco Comercial Portugues SA, Class R | &nbsp;&nbsp;&nbsp;&nbsp; 4964 | &nbsp;&nbsp;&nbsp;&nbsp; 5373 |
| &nbsp;&nbsp;&nbsp; NOS SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 1246 | &nbsp;&nbsp;&nbsp;&nbsp; 6477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11850 |
| **Singapore — 0.3%** | **Singapore — 0.3%** | **Singapore — 0.3%** |
| &nbsp;&nbsp;&nbsp; CapitaLand Ascendas, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 3700 | &nbsp;&nbsp;&nbsp;&nbsp; 8280 |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 74372 |
| &nbsp;&nbsp;&nbsp; Singapore Telecommunications Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7800 | &nbsp;&nbsp;&nbsp;&nbsp; 28148 |
| &nbsp;&nbsp;&nbsp; Venture Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp; 6420 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 117220 |
| **South Africa — 0.0% ^** | **South Africa — 0.0% ^** | **South Africa — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp;&nbsp; 18945 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| &nbsp;&nbsp;&nbsp; Cheil Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 1264 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 6670 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 8832 |
| &nbsp;&nbsp;&nbsp; KT&G Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 6629 |
| &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 195 | &nbsp;&nbsp;&nbsp;&nbsp; 4079 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27474 |
| **Spain — 0.4%** | **Spain — 0.4%** | **Spain — 0.4%** |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 7293 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 870 | &nbsp;&nbsp;&nbsp;&nbsp; 22084 |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp;&nbsp;&nbsp; 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 4531 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 2032 | &nbsp;&nbsp;&nbsp;&nbsp; 25945 |
| &nbsp;&nbsp;&nbsp; Bankinter SA | &nbsp;&nbsp;&nbsp;&nbsp; 207 | &nbsp;&nbsp;&nbsp;&nbsp; 3533 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp; 843 | &nbsp;&nbsp;&nbsp;&nbsp; 11128 |
| &nbsp;&nbsp;&nbsp; Enagas SA | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 1580 |
| &nbsp;&nbsp;&nbsp; Endesa SA | &nbsp;&nbsp;&nbsp;&nbsp; 1256 | &nbsp;&nbsp;&nbsp;&nbsp; 46287 |
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp;&nbsp;&nbsp; 7194 |
| &nbsp;&nbsp;&nbsp; Iberdrola SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; Logista Integral SA | &nbsp;&nbsp;&nbsp;&nbsp; 172 | &nbsp;&nbsp;&nbsp;&nbsp; 6274 |
| &nbsp;&nbsp;&nbsp; Mapfre SA | &nbsp;&nbsp;&nbsp;&nbsp; 971 | &nbsp;&nbsp;&nbsp;&nbsp; 4443 |
| &nbsp;&nbsp;&nbsp; Naturgy Energy Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp;&nbsp; 5524 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp;&nbsp;&nbsp; 382 | &nbsp;&nbsp;&nbsp;&nbsp; 7526 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1246 | &nbsp;&nbsp;&nbsp;&nbsp; 4270 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 157702 |
| **Sweden — 0.6%** | **Sweden — 0.6%** | **Sweden — 0.6%** |
| &nbsp;&nbsp;&nbsp; Betsson AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 336 | &nbsp;&nbsp;&nbsp;&nbsp; 3945 |
| &nbsp;&nbsp;&nbsp; Loomis AB | &nbsp;&nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp;&nbsp;&nbsp; 5561 |
| &nbsp;&nbsp;&nbsp; NCC AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 283 | &nbsp;&nbsp;&nbsp;&nbsp; 7247 |
| &nbsp;&nbsp;&nbsp; SKF AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 2170 |
| &nbsp;&nbsp;&nbsp; SSAB AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1407 | &nbsp;&nbsp;&nbsp;&nbsp; 11574 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Sweden — continued** | **Sweden — continued** | **Sweden — continued** |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 467 | &nbsp;&nbsp;&nbsp;&nbsp; 7362 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 189 | &nbsp;&nbsp;&nbsp;&nbsp; 7348 |
| &nbsp;&nbsp;&nbsp; Tele2 AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 2639 | &nbsp;&nbsp;&nbsp;&nbsp; 48554 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 786 | &nbsp;&nbsp;&nbsp;&nbsp; 8513 |
| &nbsp;&nbsp;&nbsp; Telia Co. AB | &nbsp;&nbsp;&nbsp;&nbsp; 1917 | &nbsp;&nbsp;&nbsp;&nbsp; 8758 |
| &nbsp;&nbsp;&nbsp; Volvo AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 3577 | &nbsp;&nbsp;&nbsp;&nbsp; 129979 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 241011 |
| **Switzerland — 0.2%** | **Switzerland — 0.2%** | **Switzerland — 0.2%** |
| &nbsp;&nbsp;&nbsp; ABB Ltd. (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 222 | &nbsp;&nbsp;&nbsp;&nbsp; 19114 |
| &nbsp;&nbsp;&nbsp; Adecco Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp;&nbsp;&nbsp; 6142 |
| &nbsp;&nbsp;&nbsp; Partners Group Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 8181 |
| &nbsp;&nbsp;&nbsp; Temenos AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 7247 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 359 | &nbsp;&nbsp;&nbsp;&nbsp; 16986 |
| &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 12094 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 69764 |
| **Taiwan — 0.5%** | **Taiwan — 0.5%** | **Taiwan — 0.5%** |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 221184 |
| **United Kingdom — 1.6%** | **United Kingdom — 1.6%** | **United Kingdom — 1.6%** |
| &nbsp;&nbsp;&nbsp; Admiral Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp; 4742 |
| &nbsp;&nbsp;&nbsp; AstraZeneca plc | &nbsp;&nbsp;&nbsp;&nbsp; 311 | &nbsp;&nbsp;&nbsp;&nbsp; 57944 |
| &nbsp;&nbsp;&nbsp; Aviva plc | &nbsp;&nbsp;&nbsp;&nbsp; 771 | &nbsp;&nbsp;&nbsp;&nbsp; 6721 |
| &nbsp;&nbsp;&nbsp; Balfour Beatty plc | &nbsp;&nbsp;&nbsp;&nbsp; 790 | &nbsp;&nbsp;&nbsp;&nbsp; 7736 |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp;&nbsp;&nbsp; 2068 | &nbsp;&nbsp;&nbsp;&nbsp; 13802 |
| &nbsp;&nbsp;&nbsp; Barratt Redrow plc | &nbsp;&nbsp;&nbsp;&nbsp; 4287 | &nbsp;&nbsp;&nbsp;&nbsp; 22827 |
| &nbsp;&nbsp;&nbsp; Beazley plc | &nbsp;&nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp;&nbsp;&nbsp; 5204 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp;&nbsp;&nbsp; 754 | &nbsp;&nbsp;&nbsp;&nbsp; 45552 |
| &nbsp;&nbsp;&nbsp; British Land Co. plc (The), REIT | &nbsp;&nbsp;&nbsp;&nbsp; 2284 | &nbsp;&nbsp;&nbsp;&nbsp; 13028 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp;&nbsp;&nbsp; 3746 | &nbsp;&nbsp;&nbsp;&nbsp; 9809 |
| &nbsp;&nbsp;&nbsp; Drax Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 668 | &nbsp;&nbsp;&nbsp;&nbsp; 8236 |
| &nbsp;&nbsp;&nbsp; Dunelm Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp;&nbsp;&nbsp; 4425 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 2006 | &nbsp;&nbsp;&nbsp;&nbsp; 35388 |
| &nbsp;&nbsp;&nbsp; IG Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp;&nbsp; 2672 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 2611 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 1263 | &nbsp;&nbsp;&nbsp;&nbsp; 7256 |
| &nbsp;&nbsp;&nbsp; Investec plc | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp;&nbsp;&nbsp; 4784 |
| &nbsp;&nbsp;&nbsp; ITV plc | &nbsp;&nbsp;&nbsp;&nbsp; 4930 | &nbsp;&nbsp;&nbsp;&nbsp; 5497 |
| &nbsp;&nbsp;&nbsp; J Sainsbury plc | &nbsp;&nbsp;&nbsp;&nbsp; 1967 | &nbsp;&nbsp;&nbsp;&nbsp; 8619 |
| &nbsp;&nbsp;&nbsp; Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp;&nbsp;&nbsp; 7761 |
| &nbsp;&nbsp;&nbsp; Kingfisher plc | &nbsp;&nbsp;&nbsp;&nbsp; 944 | &nbsp;&nbsp;&nbsp;&nbsp; 4350 |
| &nbsp;&nbsp;&nbsp; Lancashire Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp;&nbsp;&nbsp; 4476 |
| &nbsp;&nbsp;&nbsp; Land Securities Group plc, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 1454 | &nbsp;&nbsp;&nbsp;&nbsp; 12978 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 10308 | &nbsp;&nbsp;&nbsp;&nbsp; 15392 |
| &nbsp;&nbsp;&nbsp; M&G plc | &nbsp;&nbsp;&nbsp;&nbsp; 2310 | &nbsp;&nbsp;&nbsp;&nbsp; 9793 |
| &nbsp;&nbsp;&nbsp; Man Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1633 | &nbsp;&nbsp;&nbsp;&nbsp; 5894 |
| &nbsp;&nbsp;&nbsp; Mitie Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 3571 | &nbsp;&nbsp;&nbsp;&nbsp; 8190 |
| &nbsp;&nbsp;&nbsp; Morgan Sindall Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 6409 |
| &nbsp;&nbsp;&nbsp; National Grid plc | &nbsp;&nbsp;&nbsp;&nbsp; 867 | &nbsp;&nbsp;&nbsp;&nbsp; 14730 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 5865 | &nbsp;&nbsp;&nbsp;&nbsp; 53458 |
| &nbsp;&nbsp;&nbsp; Next plc | &nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp; 7807 |
| &nbsp;&nbsp;&nbsp; Persimmon plc | &nbsp;&nbsp;&nbsp;&nbsp; 581 | &nbsp;&nbsp;&nbsp;&nbsp; 11188 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 1426 | &nbsp;&nbsp;&nbsp;&nbsp; 14453 |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 132 | &nbsp;&nbsp;&nbsp;&nbsp; 11004 |
| &nbsp;&nbsp;&nbsp; RELX plc | &nbsp;&nbsp;&nbsp;&nbsp; 1024 | &nbsp;&nbsp;&nbsp;&nbsp; 36303 |
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 931 | &nbsp;&nbsp;&nbsp;&nbsp; 15563 |
| &nbsp;&nbsp;&nbsp; Sage Group plc (The) | &nbsp;&nbsp;&nbsp;&nbsp; 612 | &nbsp;&nbsp;&nbsp;&nbsp; 8025 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 657 | &nbsp;&nbsp;&nbsp;&nbsp; 21837 |
| &nbsp;&nbsp;&nbsp; Telecom Plus plc | &nbsp;&nbsp;&nbsp;&nbsp; 273 | &nbsp;&nbsp;&nbsp;&nbsp; 4987 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp;&nbsp;&nbsp; 6065 | &nbsp;&nbsp;&nbsp;&nbsp; 35291 |
| &nbsp;&nbsp;&nbsp; TP ICAP Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 4029 |
| &nbsp;&nbsp;&nbsp; Unilever plc | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 5442 |
| &nbsp;&nbsp;&nbsp; UNITE Group plc (The), REIT | &nbsp;&nbsp;&nbsp;&nbsp; 198 | &nbsp;&nbsp;&nbsp;&nbsp; 1540 |
| &nbsp;&nbsp;&nbsp; Vodafone Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 31841 | &nbsp;&nbsp;&nbsp;&nbsp; 46893 |
| &nbsp;&nbsp;&nbsp; WPP plc | &nbsp;&nbsp;&nbsp;&nbsp; 4118 | &nbsp;&nbsp;&nbsp;&nbsp; 17082 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 651728 |
| **United States — 16.9%** | **United States — 16.9%** | **United States — 16.9%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp; 344 | &nbsp;&nbsp;&nbsp;&nbsp; 52687 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 551 | &nbsp;&nbsp;&nbsp;&nbsp; 122878 |
| &nbsp;&nbsp;&nbsp; Accenture plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 36119 |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 749 | &nbsp;&nbsp;&nbsp;&nbsp; 40925 |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp;&nbsp;&nbsp; 20762 |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 653 | &nbsp;&nbsp;&nbsp;&nbsp; 40479 |
| &nbsp;&nbsp;&nbsp; Amcor plc | &nbsp;&nbsp;&nbsp;&nbsp; 198 | &nbsp;&nbsp;&nbsp;&nbsp; 8761 |
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp; 44197 |
| &nbsp;&nbsp;&nbsp; American Tower Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 8964 |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp;&nbsp; 44786 |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 244 | &nbsp;&nbsp;&nbsp;&nbsp; 35155 |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 223 | &nbsp;&nbsp;&nbsp;&nbsp; 69326 |
| &nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co. | &nbsp;&nbsp;&nbsp;&nbsp; 718 | &nbsp;&nbsp;&nbsp;&nbsp; 48329 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2994 | &nbsp;&nbsp;&nbsp;&nbsp; 78473 |
| &nbsp;&nbsp;&nbsp; Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 35989 |
| &nbsp;&nbsp;&nbsp; Baker Hughes Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1015 | &nbsp;&nbsp;&nbsp;&nbsp; 56881 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1599 | &nbsp;&nbsp;&nbsp;&nbsp; 85067 |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1622 | &nbsp;&nbsp;&nbsp;&nbsp; 32554 |
| &nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 547 | &nbsp;&nbsp;&nbsp;&nbsp; 35610 |
| &nbsp;&nbsp;&nbsp; BP plc | &nbsp;&nbsp;&nbsp;&nbsp; 6885 | &nbsp;&nbsp;&nbsp;&nbsp; 43655 |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1516 | &nbsp;&nbsp;&nbsp;&nbsp; 83456 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 384 | &nbsp;&nbsp;&nbsp;&nbsp; 127219 |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1406 | &nbsp;&nbsp;&nbsp;&nbsp; 38482 |
| &nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 430 | &nbsp;&nbsp;&nbsp;&nbsp; 40089 |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 448 | &nbsp;&nbsp;&nbsp;&nbsp; 79251 |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 558 | &nbsp;&nbsp;&nbsp;&nbsp; 43703 |
| &nbsp;&nbsp;&nbsp; Clorox Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 363 | &nbsp;&nbsp;&nbsp;&nbsp; 40943 |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp;&nbsp; 65038 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 950 | &nbsp;&nbsp;&nbsp;&nbsp; 71069 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1242 | &nbsp;&nbsp;&nbsp;&nbsp; 36949 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 8651 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 353 | &nbsp;&nbsp;&nbsp;&nbsp; 37640 |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp;&nbsp;&nbsp; 41525 |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 412 | &nbsp;&nbsp;&nbsp;&nbsp; 35766 |
| &nbsp;&nbsp;&nbsp; Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 48621 |
| &nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 38674 |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 884 | &nbsp;&nbsp;&nbsp;&nbsp; 35546 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 199 | &nbsp;&nbsp;&nbsp;&nbsp; 32626 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp;&nbsp; 29041 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 639 | &nbsp;&nbsp;&nbsp;&nbsp; 38449 |
| &nbsp;&nbsp;&nbsp; Dow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1598 | &nbsp;&nbsp;&nbsp;&nbsp; 44025 |
| &nbsp;&nbsp;&nbsp; DTE Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp; 268 | &nbsp;&nbsp;&nbsp;&nbsp; 36014 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 333 | &nbsp;&nbsp;&nbsp;&nbsp; 40410 |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp; 36196 |
| &nbsp;&nbsp;&nbsp; Edison International | &nbsp;&nbsp;&nbsp;&nbsp; 663 | &nbsp;&nbsp;&nbsp;&nbsp; 41292 |
| &nbsp;&nbsp;&nbsp; Emerson Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp; 714 | &nbsp;&nbsp;&nbsp;&nbsp; 104929 |
| &nbsp;&nbsp;&nbsp; Entergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 446 | &nbsp;&nbsp;&nbsp;&nbsp; 42767 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 571 | &nbsp;&nbsp;&nbsp;&nbsp; 64026 |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 546 | &nbsp;&nbsp;&nbsp;&nbsp; 41895 |
| &nbsp;&nbsp;&nbsp; Eversource Energy | &nbsp;&nbsp;&nbsp;&nbsp; 558 | &nbsp;&nbsp;&nbsp;&nbsp; 38575 |
| &nbsp;&nbsp;&nbsp; Exelon Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 879 | &nbsp;&nbsp;&nbsp;&nbsp; 39362 |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp;&nbsp;&nbsp; 36018 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp;&nbsp; 36148 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 548 | &nbsp;&nbsp;&nbsp;&nbsp; 77487 |
| &nbsp;&nbsp;&nbsp; Fastenal Co. | &nbsp;&nbsp;&nbsp;&nbsp; 845 | &nbsp;&nbsp;&nbsp;&nbsp; 36639 |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1471 | &nbsp;&nbsp;&nbsp;&nbsp; 81273 |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp; 3247 | &nbsp;&nbsp;&nbsp;&nbsp; 45068 |
| &nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1535 | &nbsp;&nbsp;&nbsp;&nbsp; 40862 |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 8777 |
| &nbsp;&nbsp;&nbsp; General Mills, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 788 | &nbsp;&nbsp;&nbsp;&nbsp; 36453 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 525 | &nbsp;&nbsp;&nbsp;&nbsp; 74524 |
| &nbsp;&nbsp;&nbsp; GQG Partners, Inc., CHDI | &nbsp;&nbsp;&nbsp;&nbsp; 2710 | &nbsp;&nbsp;&nbsp;&nbsp; 2953 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 2171 | &nbsp;&nbsp;&nbsp;&nbsp; 56146 |
| &nbsp;&nbsp;&nbsp; Haleon plc | &nbsp;&nbsp;&nbsp;&nbsp; 3727 | &nbsp;&nbsp;&nbsp;&nbsp; 19492 |
| &nbsp;&nbsp;&nbsp; Hershey Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 201 | &nbsp;&nbsp;&nbsp;&nbsp; 39145 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;&nbsp; 1696 | &nbsp;&nbsp;&nbsp;&nbsp; 36498 |
| &nbsp;&nbsp;&nbsp; Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1566 | &nbsp;&nbsp;&nbsp;&nbsp; 38539 |
| &nbsp;&nbsp;&nbsp; HP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1645 | &nbsp;&nbsp;&nbsp;&nbsp; 31979 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp;&nbsp; 42325 |
| &nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 430 | &nbsp;&nbsp;&nbsp;&nbsp; 30018 |
| &nbsp;&nbsp;&nbsp; International Paper Co. | &nbsp;&nbsp;&nbsp;&nbsp; 719 | &nbsp;&nbsp;&nbsp;&nbsp; 28990 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 351 | &nbsp;&nbsp;&nbsp;&nbsp; 32338 |
| &nbsp;&nbsp;&nbsp; JBS NV, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 809 | &nbsp;&nbsp;&nbsp;&nbsp; 12742 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp; 456 | &nbsp;&nbsp;&nbsp;&nbsp; 103626 |
| &nbsp;&nbsp;&nbsp; Kenvue, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2189 | &nbsp;&nbsp;&nbsp;&nbsp; 38089 |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1395 | &nbsp;&nbsp;&nbsp;&nbsp; 38279 |
| &nbsp;&nbsp;&nbsp; KeyCorp | &nbsp;&nbsp;&nbsp;&nbsp; 2071 | &nbsp;&nbsp;&nbsp;&nbsp; 44568 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 363 | &nbsp;&nbsp;&nbsp;&nbsp; 36296 |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 1807 | &nbsp;&nbsp;&nbsp;&nbsp; 38092 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1411 | &nbsp;&nbsp;&nbsp;&nbsp; 43021 |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1511 | &nbsp;&nbsp;&nbsp;&nbsp; 35871 |
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 45030 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 364 | &nbsp;&nbsp;&nbsp;&nbsp; 97210 |
| &nbsp;&nbsp;&nbsp; LyondellBasell Industries NV, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 468 | &nbsp;&nbsp;&nbsp;&nbsp; 22932 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 64655 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp;&nbsp; 64890 |
| &nbsp;&nbsp;&nbsp; Medtronic plc | &nbsp;&nbsp;&nbsp;&nbsp; 495 | &nbsp;&nbsp;&nbsp;&nbsp; 50965 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 708 | &nbsp;&nbsp;&nbsp;&nbsp; 78071 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; 86696 |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 7288 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 614 | &nbsp;&nbsp;&nbsp;&nbsp; 264198 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 403 |
| &nbsp;&nbsp;&nbsp; Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1042 | &nbsp;&nbsp;&nbsp;&nbsp; 60926 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 73120 |
| &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 38644 |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 287 | &nbsp;&nbsp;&nbsp;&nbsp; 27387 |
| &nbsp;&nbsp;&nbsp; NetApp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 294 | &nbsp;&nbsp;&nbsp;&nbsp; 28327 |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1012 | &nbsp;&nbsp;&nbsp;&nbsp; 88955 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 466 | &nbsp;&nbsp;&nbsp;&nbsp; 69140 |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 982 | &nbsp;&nbsp;&nbsp;&nbsp; 75653 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 499 | &nbsp;&nbsp;&nbsp;&nbsp; 39516 |
| &nbsp;&nbsp;&nbsp; PACCAR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 501 | &nbsp;&nbsp;&nbsp;&nbsp; 61578 |
| &nbsp;&nbsp;&nbsp; Paychex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1650 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 489 | &nbsp;&nbsp;&nbsp;&nbsp; 75125 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1473 | &nbsp;&nbsp;&nbsp;&nbsp; 38946 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp; 41271 |
| &nbsp;&nbsp;&nbsp; Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp; 284 | &nbsp;&nbsp;&nbsp;&nbsp; 40771 |
| &nbsp;&nbsp;&nbsp; PPL Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 317 | &nbsp;&nbsp;&nbsp;&nbsp; 11491 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 29443 |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp;&nbsp;&nbsp; 34444 |
| &nbsp;&nbsp;&nbsp; Public Storage, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp; 28448 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 655 | &nbsp;&nbsp;&nbsp;&nbsp; 40060 |
| &nbsp;&nbsp;&nbsp; Regency Centers Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 477 | &nbsp;&nbsp;&nbsp;&nbsp; 34759 |
| &nbsp;&nbsp;&nbsp; Regions Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1378 | &nbsp;&nbsp;&nbsp;&nbsp; 39273 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp;&nbsp; 44110 |
| &nbsp;&nbsp;&nbsp; RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 234 | &nbsp;&nbsp;&nbsp;&nbsp; 47018 |
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp; 586 | &nbsp;&nbsp;&nbsp;&nbsp; 55274 |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 63192 |
| &nbsp;&nbsp;&nbsp; Sempra | &nbsp;&nbsp;&nbsp;&nbsp; 406 | &nbsp;&nbsp;&nbsp;&nbsp; 35326 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 1607 | &nbsp;&nbsp;&nbsp;&nbsp; 61772 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 218 | &nbsp;&nbsp;&nbsp;&nbsp; 41706 |
| &nbsp;&nbsp;&nbsp; Smurfit WestRock plc | &nbsp;&nbsp;&nbsp;&nbsp; 228 | &nbsp;&nbsp;&nbsp;&nbsp; 9492 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 440 | &nbsp;&nbsp;&nbsp;&nbsp; 39296 |
| &nbsp;&nbsp;&nbsp; Stellantis NV | &nbsp;&nbsp;&nbsp;&nbsp; 269 | &nbsp;&nbsp;&nbsp;&nbsp; 2640 |
| &nbsp;&nbsp;&nbsp; Sun Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 296 | &nbsp;&nbsp;&nbsp;&nbsp; 37719 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 7510 |
| &nbsp;&nbsp;&nbsp; T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 270 | &nbsp;&nbsp;&nbsp;&nbsp; 28534 |
| &nbsp;&nbsp;&nbsp; Target Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 411 | &nbsp;&nbsp;&nbsp;&nbsp; 43348 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 37290 |
| &nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 181 | &nbsp;&nbsp;&nbsp;&nbsp; 35695 |
| &nbsp;&nbsp;&nbsp; Trane Technologies plc | &nbsp;&nbsp;&nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp;&nbsp; 100098 |
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 39971 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 869 | &nbsp;&nbsp;&nbsp;&nbsp; 44684 |
| &nbsp;&nbsp;&nbsp; Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 654 | &nbsp;&nbsp;&nbsp;&nbsp; 42726 |
| &nbsp;&nbsp;&nbsp; Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 23160 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 429 | &nbsp;&nbsp;&nbsp;&nbsp; 45568 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp; 35579 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 682 | &nbsp;&nbsp;&nbsp;&nbsp; 38267 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 218 | &nbsp;&nbsp;&nbsp;&nbsp; 39552 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 391 | &nbsp;&nbsp;&nbsp;&nbsp; 30369 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1437 | &nbsp;&nbsp;&nbsp;&nbsp; 63975 |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc., REIT, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1303 | &nbsp;&nbsp;&nbsp;&nbsp; 36588 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 1053 | &nbsp;&nbsp;&nbsp;&nbsp; 118778 |
| &nbsp;&nbsp;&nbsp; Warner Music Group Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 452 | &nbsp;&nbsp;&nbsp;&nbsp; 13551 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 329 | &nbsp;&nbsp;&nbsp;&nbsp; 36410 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 581 | &nbsp;&nbsp;&nbsp;&nbsp; 52575 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 966 | &nbsp;&nbsp;&nbsp;&nbsp; 24903 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 642 | &nbsp;&nbsp;&nbsp;&nbsp; 43181 |
| &nbsp;&nbsp;&nbsp; WP Carey, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 589 | &nbsp;&nbsp;&nbsp;&nbsp; 41083 |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 520 | &nbsp;&nbsp;&nbsp;&nbsp; 39551 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 444 | &nbsp;&nbsp;&nbsp;&nbsp; 69042 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6996880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $10,850,228)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 12333812 |
|  | &nbsp;&nbsp;&nbsp; **PRINCIPAL** <br>**AMOUNT($)**<br>|  |
| **Equity Linked Notes — 5.9%** | **Equity Linked Notes — 5.9%** | **Equity Linked Notes — 5.9%** |
| **Canada — 0.5%** | **Canada — 0.5%** | **Canada — 0.5%** |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, ELN, 11.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 17523 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, ELN, 11.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 428 | &nbsp;&nbsp;&nbsp;&nbsp; 81910 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, ELN, 13.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 295 | &nbsp;&nbsp;&nbsp;&nbsp; 34684 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The), ELN, 15.00%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 328 | &nbsp;&nbsp;&nbsp;&nbsp; 23450 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The), ELN, 25.00%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 358 | &nbsp;&nbsp;&nbsp;&nbsp; 23713 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The), ELN, 27.30%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 26503 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 207783 |
| **France — 0.9%** | **France — 0.9%** | **France — 0.9%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Issuance BV, ELN, 11.20%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; 23871 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Issuance BV, ELN, 5.30%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 246 | &nbsp;&nbsp;&nbsp;&nbsp; 29433 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Issuance BV, ELN, 5.90%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 21185 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Issuance BV, ELN, 9.20%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp;&nbsp; 26069 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 12.50%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 15360 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 14.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 17599 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT($)**<br>| **VALUE($)** |
| **Equity Linked Notes — continued** | **Equity Linked Notes — continued** | **Equity Linked Notes — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 15.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp; 31287 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 16.70%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 24191 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 16.80%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 25073 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 19.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp;&nbsp;&nbsp; 23067 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 19.40%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 23872 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 20.10%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 941 | &nbsp;&nbsp;&nbsp;&nbsp; 20920 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 7.30%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp;&nbsp; 25424 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 8.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1547 | &nbsp;&nbsp;&nbsp;&nbsp; 27271 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA, ELN, 8.30%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 31559 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 366181 |
| **Japan — 0.1%** | **Japan — 0.1%** | **Japan — 0.1%** |
| &nbsp;&nbsp;&nbsp; Mizuho Markets Cayman LP, ELN, 15.60%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp;&nbsp;&nbsp; 25225 |
| &nbsp;&nbsp;&nbsp; Mizuho Markets Cayman LP, ELN, 16.20%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; 20452 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45677 |
| **United Kingdom — 0.9%** | **United Kingdom — 0.9%** | **United Kingdom — 0.9%** |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 11.20%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 311 | &nbsp;&nbsp;&nbsp;&nbsp; 104765 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 12.20%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp;&nbsp;&nbsp; 21567 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 13.50%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 41813 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 14.30%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 198 | &nbsp;&nbsp;&nbsp;&nbsp; 25148 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 14.30%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 307 | &nbsp;&nbsp;&nbsp;&nbsp; 30662 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 14.30%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 20862 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 15.60%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 476 | &nbsp;&nbsp;&nbsp;&nbsp; 13958 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 7.30%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 27852 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 7.50%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 40439 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 8.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp;&nbsp; 23170 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc, ELN, 9.70%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp;&nbsp; 25389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 375625 |
| **United States — 3.5%** | **United States — 3.5%** | **United States — 3.5%** |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., ELN, 12.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp;&nbsp;&nbsp; 22722 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., ELN, 16.30%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp;&nbsp;&nbsp; 15965 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., ELN, 18.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp; 20530 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 10.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 98459 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 12.30%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 22371 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 13.30%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp;&nbsp; 42000 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 13.90%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 17411 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 16.80%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp;&nbsp; 60035 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 5.70%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp;&nbsp; 20844 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs International, ELN, 9.70%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 14128 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 10.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 24751 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 10.20%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp; 21394 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 10.70%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 22990 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 11.00%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 201 | &nbsp;&nbsp;&nbsp;&nbsp; 48003 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 11.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; 47816 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 11.30%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 16446 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 11.50%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp;&nbsp; 21100 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 11.90%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 21397 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **PRINCIPAL**<br> **AMOUNT($)**<br>| **VALUE($)** |
| **Equity Linked Notes — continued** | **Equity Linked Notes — continued** | **Equity Linked Notes — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.40%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp;&nbsp;&nbsp; 21565 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 340 | &nbsp;&nbsp;&nbsp;&nbsp; 27172 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.80%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 368 | &nbsp;&nbsp;&nbsp;&nbsp; 20221 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.80%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 212 | &nbsp;&nbsp;&nbsp;&nbsp; 12999 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.80%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 259 | &nbsp;&nbsp;&nbsp;&nbsp; 18027 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 12.90%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 374 | &nbsp;&nbsp;&nbsp;&nbsp; 43192 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 35870 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.00%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 208 | &nbsp;&nbsp;&nbsp;&nbsp; 30019 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.20%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 376 | &nbsp;&nbsp;&nbsp;&nbsp; 23158 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.30%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 21753 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.50%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 14667 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 25920 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 13.60%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 29546 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 14.00%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 26651 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 14.40%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; 17150 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 14.70%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp;&nbsp; 24081 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 14.90%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 327 | &nbsp;&nbsp;&nbsp;&nbsp; 13533 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 16.80%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 17742 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 16.80%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; 22527 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 17.80%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 25697 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 18.00%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1314 | &nbsp;&nbsp;&nbsp;&nbsp; 16654 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 18.80%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 23903 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 18.80%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 15924 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 8.50%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1074 | &nbsp;&nbsp;&nbsp;&nbsp; 21688 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 8.50%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 23074 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 9.20%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 166 | &nbsp;&nbsp;&nbsp;&nbsp; 51077 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Finance LLC, ELN, 9.90%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 17952 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 10.00%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 740 | &nbsp;&nbsp;&nbsp;&nbsp; 61936 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 14.10%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 16337 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 16.00%, 2/20/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; 45263 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 17.80%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 866 | &nbsp;&nbsp;&nbsp;&nbsp; 39719 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 31.30%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 17180 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 7.30%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; 21496 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Bank NA, ELN, 9.60%, 2/27/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp;&nbsp;&nbsp; 38906 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1440961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Equity Linked Notes <br>(Cost $2,481,401)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 2436227 |
| **U.S. Treasury Obligations — 1.0%** | **U.S. Treasury Obligations — 1.0%** | **U.S. Treasury Obligations — 1.0%** |
| **United States — 1.0%** | **United States — 1.0%** | **United States — 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes, 4.13%, 1/31/2027 (c) <br>(Cost $429,401)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 427000 | &nbsp;&nbsp;&nbsp;&nbsp; 429345 |
|  | &nbsp;&nbsp;&nbsp; **NO. OF** <br> **RIGHTS**<br>|  |
| **Rights — 0.0% ^** | **Rights — 0.0% ^** | **Rights — 0.0% ^** |
| **Spain — 0.0% ^** | **Spain — 0.0% ^** | **Spain — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA\*(Cost $34) | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 36 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **SHARES** | **VALUE($)** |
| **Short-Term Investments — 0.8%** | **Short-Term Investments — 0.8%** | **Short-Term Investments — 0.8%** |
| **Investment Companies — 0.8%** | **Investment Companies — 0.8%** | **Investment Companies — 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 3.79% (a) (d) <br>(Cost $339,647)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 339511 | &nbsp;&nbsp;&nbsp;&nbsp; 339647 |
| **Total Investments — 98.8%** <br>**(Cost $39,292,146)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **41036983** |
| **Other Assets in Excess of Liabilities — 1.2%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **497983** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **41534966** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<br>Percentages indicated are based on net assets.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| CHDI | Clearing House Electronic Subregister System (CHESS) Depository Interest |
| CVA | Certificaten Van Aandelen (Dutch Certificate) |
| ELN | Equity-Linked Note |
| ETF | Exchange Traded Fund |
| OYJ | Public Limited Company |
| REIT | Real Estate Investment Trust |
| SCA | Limited partnership with share capital |
| SGPS | Holding company |
| USD | United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| \* | Non-income producing security.  |
| (a) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (c) | All or a portion of this security is deposited with the broker as initial margin for futures contracts. |
| (d) | The rate shown is the current yield as of January 31, 2026. |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

**Summary of Investments by Industry, January 31, 2026**

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Fixed Income | 35.9<br> %<br>|
| U.S. Equity | 26.2 |
| Convertible Bonds | 5.9 |
| Oil, Gas & Consumable Fuels | 2.7 |
| Banks | 2.6 |
| Electric Utilities | 1.7 |
| Semiconductors & Semiconductor Equipment | 1.7 |
| Pharmaceuticals | 1.6 |
| Diversified Telecommunication Services | 1.1 |
| U.S. Treasury Notes | 1.0 |
| Insurance | 1.0 |
| Multi-Utilities | 1.0 |
| Others (each less than 1.0%) | 16.8 |
| Short-Term Investments | 0.8 |

---

**Futures contracts outstanding as of January 31, 2026:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| EURO STOXX 50 Index | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 140986 | &nbsp;&nbsp;&nbsp;&nbsp; 4633 |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 2205595 | &nbsp;&nbsp;&nbsp;&nbsp; 132866 |
| NASDAQ 100 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 3082440 | &nbsp;&nbsp;&nbsp;&nbsp; (28102)<br>|
| U.S. Treasury 10 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 894000 | &nbsp;&nbsp;&nbsp;&nbsp; (10638)<br>|
| U.S. Treasury 5 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 5881359 | &nbsp;&nbsp;&nbsp;&nbsp; (33969)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 64790 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Abbreviations** |  |
| EUR | Euro |
| MSCI | Morgan Stanley Capital International |
| USD | United States Dollar |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**A. Valuation of Investments**— Investments are valued in accordance with U.S. generally accepted accounting principles ("GAAP") and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

Under Section 2(a)(41) of the Investment Company Act of 1940 (the "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset value ("NAV") of the Fund is calculated on a valuation date. Certain foreign equity instruments are valued by applying international fair value factors provided by an approved Pricing Service. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAV is calculated.

Investments in open-end investment companies, excluding exchange-traded funds ("ETFs") ("Underlying Funds"), are valued at each Underlying Fund's NAV per share as of the report date.

Futures contracts are generally valued on the basis of available market quotations.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.

• Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

• Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

• Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $242245 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $242245 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; 2904 | &nbsp;&nbsp;&nbsp;&nbsp; 45978 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48882 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25462 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25462 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp; 691102 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 691102 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10765 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10765 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74831 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74831 |

---

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $183968 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $183968 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 541275 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 541275 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 357464 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 357464 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 8910 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8910 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 116661 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 116661 |
| &nbsp;&nbsp;&nbsp; Iraq | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3129 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3129 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19986 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19986 |
| &nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12715 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12715 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 301958 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 301958 |
| &nbsp;&nbsp;&nbsp; Ivory Coast | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10018 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10018 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; 17848 | &nbsp;&nbsp;&nbsp;&nbsp; 618337 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 636185 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9287 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9287 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; 51108 | &nbsp;&nbsp;&nbsp;&nbsp; 280522 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 331630 |
| &nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp;&nbsp;&nbsp; 5378 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5378 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; 44923 | &nbsp;&nbsp;&nbsp;&nbsp; 126939 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 171862 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; 13203 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13203 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3138 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3138 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11850 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 117220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 117220 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 18945 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18945 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; 6629 | &nbsp;&nbsp;&nbsp;&nbsp; 20845 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27474 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; 53391 | &nbsp;&nbsp;&nbsp;&nbsp; 104311 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 157702 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241011 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241011 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 69764 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 69764 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 221184 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 221184 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 43048 | &nbsp;&nbsp;&nbsp;&nbsp; 608680 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 651728 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 6606801 | &nbsp;&nbsp;&nbsp;&nbsp; 390079 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6996880 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 7564190 | &nbsp;&nbsp;&nbsp;&nbsp; 4769622 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12333812 |
| Equity Linked Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2436227 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2436227 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 25497916 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25497916 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36 |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 429345 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 429345 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 339647 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 339647 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $33401789 | &nbsp;&nbsp;&nbsp;&nbsp; $7635194 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $41036983 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $137499 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $137499 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $(72709)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(72709)<br>|
| **Total Net Appreciation/ Depreciation in Other** <br>**Financial Instruments**<br>| &nbsp;&nbsp;&nbsp;&nbsp; $64790 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $64790 |

---

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers.

------

**JPMorgan Flexible Income ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan BetaBuilders USD High Yield <br> Corporate Bond ETF (a)<br>| $10800526 | $3674275 | $544370 | $(2529)<br>| $28234 | $13956136 | 298017 | $196098 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Equity Premium Income ETF <br> (a)<br>| 1412330 | 463427 | 66684 | (2998)<br>| 48461 | 1854536 | 31669 | 29559 |  |
| JPMorgan Income ETF (a) | 595765 | 198582 |  |  | 1337 | 795684 | 17117 | 8826 |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Nasdaq Equity Premium <br> Income ETF (a)<br>| 7536077 | 2607721 | 1324053 | 4982 | 66833 | 8891560 | 149614 | 219217 |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class IM Shares, 3.79% (a) (b)<br>| 454217 | 2829993 | 2944594 | 119 | (88)<br>| 339647 | 339511 | 2549 |  |
| **Total** | $20798915 | $9773998 | $4879701 | $(426)<br>| $144777 | $25837563 |  | $456249 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of January 31, 2026.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** J.P. Morgan Exchange-Traded Fund Trust

- **b. Investment Company Act file number:** 811-22903

- **c. CIK number of Registrant:** 0001485894

- **d. LEI of Registrant:** 5493001E1K1DVWDV2464

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 844-457-6383

**Item A.2. Information about the Series.**

- **a. Name of Series:** JPMorgan Flexible Income ETF

- **b. EDGAR series identifier (if any):** S000088766

- **c. LEI of Series:** 529900IH92J2PQTN2J94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $41548606.02

**Total Liabilities:** $13692.08

**Net Assets:** $41534913.94

**Cash Not Reported:** $512695.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255141 | 1.09%                | 0.50%                | 2.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3838.51                | $221377.80                                 |
| Month 2  | $-57700.54               | $-87250.71                                 |
| Month 3  | $38618.00                | $789978.27                                 |

**Designated Index Information**

- **Index Name:** 75% WRLDRNRUSD0, 25% 1TRUSD0

- **Index Identifier:** IBXUSD001882

### Schedule of Portfolio Investments

| Name                                                    | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 10.70%, 02/13/2026              | CUSIP: 61778U683<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        96 | PA      | $22990.24     | 0.06%             | 2026-02-13      | Fixed         | 10.70%                | No            |                  2 | On Loan: No      |
| SKF AB                                                  | SKF AB, Class B                                                  | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |       208 | NS      | $5438.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Plus plc                                        | Telecom Plus plc                                                 | CUSIP: N/A<br>LEI: 549300QGHDX5UKE58G86       | Long             | EC               | CORP              | GB        |       273 | NS      | $4987.28      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                            | Nutrien Ltd.                                                     | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |       690 | NS      | $47506.70     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                               | Partners Group Holding AG                                        | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |         6 | NS      | $8181.27      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kraft Heinz Co. (The)                                   | Kraft Heinz Co. (The)                                            | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      1511 | NS      | $35871.14     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Logista Integral SA                                     | Logista Integral SA                                              | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |       172 | NS      | $6274.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                               | Orange SA                                                        | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |      1349 | NS      | $25077.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corp. plc                                         | Eaton Corp. plc                                                  | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |       103 | NS      | $36196.26     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                              | Archer-Daniels-Midland Co.                                       | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |       718 | NS      | $48328.58     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                       | Exxon Mobil Corp.                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       548 | NS      | $77487.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Idemitsu Kosan Co. Ltd.                                 | Idemitsu Kosan Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |      2200 | NS      | $18667.59     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CME Group, Inc.                                         | CME Group, Inc.                                                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       225 | NS      | $65038.50     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                                    | Evonik Industries AG                                             | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |       163 | NS      | $2524.85      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Krone                                         | Norwegian Krone                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | NO        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                                     | Valero Energy Corp.                                              | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       218 | NS      | $39551.74     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd.                         | Canadian Natural Resources Ltd.                                  | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      1133 | NS      | $42128.15     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                              | Microchip Technology, Inc.                                       | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |        96 | NS      | $7288.32      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                          | Amphenol Corp., Class A                                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       244 | NS      | $35155.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                          | BAWAG Group AG                                                   | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |        34 | NS      | $5530.99      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tourmaline Oil Corp.                                    | Tourmaline Oil Corp.                                             | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |       816 | NS      | $38617.15     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp.                                | Warner Music Group Corp., Class A                                | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       452 | NS      | $13550.96     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG           | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)       | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       137 | NS      | $83032.50     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                              | Baxter International, Inc.                                       | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      1622 | NS      | $32553.54     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 20.10%, 02/27/2026                     | CUSIP: 83371Q877<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       941 | PA      | $20920.28     | 0.05%             | 2026-02-27      | Fixed         | 20.10%                | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd.                                          | Rio Tinto Ltd.                                                   | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |       386 | NS      | $40215.33     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                             | Telenor ASA                                                      | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |      2383 | NS      | $40085.77     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Umicore SA                                              | Umicore SA                                                       | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |       287 | NS      | $6822.65      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                            | Unilever plc                                                     | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |        80 | NS      | $5442.35      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | NASDAQ 100 E-Mini Index                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $-28101.90    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti, Inc.                                          | Ubiquiti, Inc.                                                   | CUSIP: 90353W103<br>LEI: 5299007MITA4DMQCU747 | Long             | EC               | CORP              | US        |        42 | NS      | $23159.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International, Inc.                               | Magna International, Inc.                                        | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |       801 | NS      | $40948.56     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp.                                  | Pembina Pipeline Corp.                                           | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |       944 | NS      | $39225.59     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings plc                                    | Ryanair Holdings plc                                             | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |      1182 | NS      | $40116.31     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                            | ING Groep NV                                                     | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |       443 | NS      | $13064.48     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA          | ACS Actividades de Construccion y Servicios SA                   | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             |  | CORP              | ES        |        65 | NS      | $35.75        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group NV                                             | NN Group NV                                                      | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |        95 | NS      | $7530.39      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                                  | RWE AG                                                           | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |       173 | NS      | $10986.18     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Dollar                                        | Singapore Dollar                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SG        |        -0 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.                 | Mid-America Apartment Communities, Inc.                          | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |         3 | NS      | $402.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lixil Corp.                                             | Lixil Corp.                                                      | CUSIP: N/A<br>LEI: 353800KB8G4F9WUJJ886       | Long             | EC               | CORP              | JP        |       400 | NS      | $4588.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                        | Sony Group Corp.                                                 | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |      2200 | NS      | $48505.40     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                              | Freenet AG                                                       | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |       191 | NS      | $6896.85      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                | Bristol-Myers Squibb Co.                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      1516 | NS      | $83455.80     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                               | Link                                                             | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |       400 | NS      | $1839.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc.                 | Citigroup Global Markets Holdings, Inc., ELN, 18.00%, 02/06/2026 | CUSIP: N/A<br>LEI: 82VOJDD5PTRDMVVMGV31       | Long             | SN               | CORP              | US        |       113 | PA      | $20529.95     | 0.05%             | 2026-02-06      | Fixed         | 18.00%                | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 07.50%, 02/27/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |        80 | PA      | $40439.34     | 0.10%             | 2026-02-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 13.50%, 02/27/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |        58 | PA      | $41813.34     | 0.10%             | 2026-02-27      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Cummins, Inc.                                           | Cummins, Inc.                                                    | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |        84 | NS      | $48620.88     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.50%, 02/13/2026              | CUSIP: 61778U774<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        42 | PA      | $14666.59     | 0.04%             | 2026-02-13      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                   | International Business Machines Corp.                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       138 | NS      | $42324.60     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 08.30%, 02/27/2026                     | CUSIP: 83371Q869<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |        38 | PA      | $31558.79     | 0.08%             | 2026-02-27      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Ayvens SA                                               | Ayvens SA                                                        | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |       531 | NS      | $7698.35      | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Constellation Brands, Inc.                              | Constellation Brands, Inc., Class A                              | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       265 | NS      | $41525.50     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                             | Phillips 66                                                      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       284 | NS      | $40771.04     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                          | WP Carey, Inc.                                                   | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |       589 | NS      | $41082.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Metropolitan Fund Invest                          | Japan Metropolitan Fund Invest                                   | CUSIP: N/A<br>LEI: 353800QDHNIP60E1LQ93       | Long             | EC               | CORP              | JP        |        25 | NS      | $19677.05     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                               | Danone SA                                                        | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |       178 | NS      | $13948.07     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                               | Sanofi SA                                                        | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |       586 | NS      | $55273.71     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Next plc                                                | Next plc                                                         | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |        43 | NS      | $7807.04      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                          | Fortescue Ltd.                                                   | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |       272 | NS      | $3938.80      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 14.10%, 02/06/2026                     | CUSIP: 95005A805<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |        28 | PA      | $16336.62     | 0.04%             | 2026-02-06      | Fixed         | 14.10%                | No            |                  2 | On Loan: No      |
| GSK plc                                                 | GSK plc                                                          | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |      2171 | NS      | $56145.66     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 08.50%, 02/13/2026              | CUSIP: 61778U691<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |      1074 | PA      | $21688.24     | 0.05%             | 2026-02-13      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| British American Tobacco plc                            | British American Tobacco plc                                     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |       754 | NS      | $45551.85     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                                 | BNP Paribas Issuance BV, ELN, 05.30%, 02/27/2026                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |       246 | PA      | $29433.16     | 0.07%             | 2026-02-27      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Toyo Tire Corp.                                         | Toyo Tire Corp.                                                  | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |       300 | NS      | $8084.92      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                             | Swedbank AB, Class A                                             | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |       189 | NS      | $7348.37      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group plc                                          | Drax Group plc                                                   | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |       668 | NS      | $8235.66      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                                      | Devon Energy Corp.                                               | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |       884 | NS      | $35545.64     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                    | NextEra Energy, Inc.                                             | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      1012 | NS      | $88954.80     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co. Ltd.                                 | Kirin Holdings Co. Ltd.                                          | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |       800 | NS      | $12437.81     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 16.00%, 02/20/2026                     | CUSIP: 95005A862<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |       194 | PA      | $45262.90     | 0.11%             | 2026-02-20      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| Sun Communities, Inc.                                   | Sun Communities, Inc.                                            | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |       296 | NS      | $37719.28     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                            | Dai-ichi Life Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |      1000 | NS      | $8794.15      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Hi-Fi Ltd.                                           | JB Hi-Fi Ltd.                                                    | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |        32 | NS      | $1802.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.50%, 02/20/2026              | CUSIP: 61780F138<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       340 | PA      | $27172.27     | 0.07%             | 2026-02-20      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd.                                   | Sonic Healthcare Ltd.                                            | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |       942 | NS      | $15064.29     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Danish Krone                                            | Danish Krone                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | DK        |      3832 | OU      | $608.22       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group plc                                      | Vodafone Group plc                                               | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |     31841 | NS      | $46893.08     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 17.80%, 02/27/2026                     | CUSIP: 95005A854<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |       866 | PA      | $39718.82     | 0.10%             | 2026-02-27      | Fixed         | 17.80%                | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 11.20%, 02/27/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       311 | PA      | $104765.09    | 0.25%             | 2026-02-27      | Fixed         | 11.20%                | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                  | Mercedes-Benz Group AG                                           | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |       388 | NS      | $26517.57     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheil Worldwide, Inc.                                   | Cheil Worldwide, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        83 | NS      | $1264.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Treasury Wine Estates Ltd.                              | Treasury Wine Estates Ltd.                                       | CUSIP: N/A<br>LEI: 529900LVOPJGAX6ILK66       | Long             | EC               | CORP              | AU        |       636 | NS      | $2369.98      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecco Group AG                                         | Adecco Group AG (Registered)                                     | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |       209 | NS      | $6141.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 11.00%, 02/13/2026              | CUSIP: 61778U725<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       201 | PA      | $48002.74     | 0.12%             | 2026-02-13      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.60%, 02/20/2026              | CUSIP: 61780F179<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        59 | PA      | $29546.23     | 0.07%             | 2026-02-20      | Fixed         | 13.60%                | No            |                  2 | On Loan: No      |
| Yancoal Australia Ltd.                                  | Yancoal Australia Ltd.                                           | CUSIP: N/A<br>LEI: 3003003IC6G39HKQAD13       | Long             | EC               | CORP              | AU        |       847 | NS      | $3390.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vend Marketplaces ASA                                   | Vend Marketplaces ASA, Class B                                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |       175 | NS      | $4837.24      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB                                | Svenska Handelsbanken AB, Class A                                | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |       467 | NS      | $7362.28      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Realty Trust, Inc.                              | Digital Realty Trust, Inc.                                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |       175 | NS      | $29041.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                    | Edison International                                             | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |       663 | NS      | $41291.64     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group plc                                           | Man Group plc                                                    | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               | CORP              | JE        |      1633 | NS      | $5894.15      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                       | Johnson & Johnson                                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       456 | NS      | $103626.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Group Ltd.                                    | Endeavour Group Ltd.                                             | CUSIP: N/A<br>LEI: 254900JAN9FOLMWAD533       | Long             | EC               | CORP              | AU        |      1669 | NS      | $4287.57      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                       | Merck & Co., Inc.                                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       708 | NS      | $78071.16     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 11.90%, 02/13/2026              | CUSIP: 61778U766<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        63 | PA      | $21397.16     | 0.05%             | 2026-02-13      | Fixed         | 11.90%                | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                                        | Mastercard, Inc., Class A                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       120 | NS      | $64654.80     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays plc                                            | Barclays plc                                                     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |      2068 | NS      | $13801.97     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                | Lloyds Banking Group plc                                         | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |     10308 | NS      | $15391.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                          | DTE Energy Co.                                                   | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       268 | NS      | $36013.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                              | AT&T, Inc.                                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      2994 | NS      | $78472.74     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp.                                      | Hormel Foods Corp.                                               | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      1566 | NS      | $38539.26     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Krona                                           | Swedish Krona                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SE        |      3459 | OU      | $388.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group plc                               | Bank of Ireland Group plc                                        | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |       336 | NS      | $6826.67      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                            | Pfizer, Inc.                                                     | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      1473 | NS      | $38946.12     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 16.70%, 02/13/2026                     | CUSIP: 83371Q604<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |        96 | PA      | $24191.43     | 0.06%             | 2026-02-13      | Fixed         | 16.70%                | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 12.20%, 02/20/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       179 | PA      | $21566.93     | 0.05%             | 2026-02-20      | Fixed         | 12.20%                | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.                      | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |      4000 | NS      | $221183.75    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 11.00%, 02/20/2026              | CUSIP: 61780F195<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        51 | PA      | $47815.65     | 0.12%             | 2026-02-20      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Strabag SE                                              | Strabag SE                                                       | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               | CORP              | AT        |        28 | NS      | $2904.11      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                            | Iberdrola SA                                                     | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |         4 | NS      | $89.93        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                          | BE Semiconductor Industries NV                                   | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       109 | NS      | $21216.13     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp.                                                        | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |        83 | NS      | $8831.47      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co. Ltd.                                   | Yamaha Motor Co. Ltd.                                            | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |       200 | NS      | $1510.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NCC AB                                                  | NCC AB, Class B                                                  | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |       283 | NS      | $7246.71      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 14.40%, 02/13/2026              | CUSIP: 61778U782<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       127 | PA      | $17150.19     | 0.04%             | 2026-02-13      | Fixed         | 14.40%                | No            |                  2 | On Loan: No      |
| Dexus                                                   | Dexus                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       574 | NS      | $2677.86      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group plc (The)                                   | UNITE Group plc (The)                                            | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |       198 | NS      | $1539.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd.                                          | Hydro One Ltd.                                                   | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |       100 | NS      | $3953.29      | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Regions Financial Corp.                                 | Regions Financial Corp.                                          | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      1378 | NS      | $39273.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Maire SpA                                               | Maire SpA                                                        | CUSIP: N/A<br>LEI: 815600D85A61200A1B83       | Long             | EC               | CORP              | IT        |       461 | NS      | $8054.76      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.80%, 02/06/2026              | CUSIP: 61778U550<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       259 | PA      | $18026.57     | 0.04%             | 2026-02-06      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| Temenos AG                                              | Temenos AG (Registered)                                          | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |        82 | NS      | $7246.66      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Printing Co. Ltd.                            | Dai Nippon Printing Co. Ltd.                                     | CUSIP: N/A<br>LEI: 529900S7NFNQ4FT6OP83       | Long             | EC               | CORP              | JP        |       400 | NS      | $7176.88      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA                                                | Ageas SA                                                         | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |        82 | NS      | $5824.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                              | Prudential Financial, Inc.                                       | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |       310 | NS      | $34444.10     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion OYJ                                               | Orion OYJ, Class B                                               | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |       157 | NS      | $12983.60     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Trane Technologies plc                                  | Trane Technologies plc                                           | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       108 | NS      | $45422.64     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Arteria Ltd.                                      | Atlas Arteria Ltd.                                               | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |      1615 | NS      | $5573.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                             | United Parcel Service, Inc., Class B                             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       429 | NS      | $45568.38     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GQG Partners, Inc.                                      | GQG Partners, Inc.                                               | CUSIP: N/A<br>LEI: 254900I3AQSQQQA75U50       | Long             | EC               | CORP              | US        |      2710 | NS      | $2953.26      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Balfour Beatty plc                                      | Balfour Beatty plc                                               | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |       790 | NS      | $7735.93      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG (Registered)                                        | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |       359 | NS      | $16986.22     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group, Inc.                              | Simon Property Group, Inc.                                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       218 | NS      | $41705.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                          | Hewlett Packard Enterprise Co.                                   | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      1696 | NS      | $36497.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.20%, 02/13/2026              | CUSIP: 61778U758<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       376 | PA      | $23157.93     | 0.06%             | 2026-02-13      | Fixed         | 13.20%                | Yes           |                  2 | On Loan: No      |
| SSAB AB                                                 | SSAB AB, Class B                                                 | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |      1407 | NS      | $11574.49     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                                 | Eni SpA                                                          | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |      1863 | NS      | $38078.10     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                                | Vinci SA                                                         | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |       242 | NS      | $34795.90     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 09.90%, 02/06/2026              | CUSIP: 61778U576<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       137 | PA      | $17952.34     | 0.04%             | 2026-02-06      | Fixed         | 9.90%                 | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                     | LVMH Moet Hennessy Louis Vuitton SE                              | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |        17 | NS      | $10971.88     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                                | RELX plc                                                         | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      1024 | NS      | $36302.87     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                          | Prudential plc                                                   | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |       642 | NS      | $10545.01     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp.                             | Invincible Investment Corp.                                      | CUSIP: N/A<br>LEI: 353800JY6M2692VAV685       | Long             | EC               | CORP              | JP        |         6 | NS      | $2541.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                            | Glencore plc                                                     | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |      1745 | NS      | $11896.28     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                               | Mapfre SA                                                        | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |       971 | NS      | $4443.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                        | Raiffeisen Bank International AG                                 | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |        91 | NS      | $4586.90      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                                      | Koninklijke KPN NV                                               | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |      9017 | NS      | $44160.89     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                     | General Mills, Inc.                                              | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       788 | NS      | $36452.88     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                               | Airbus SE                                                        | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |        34 | NS      | $7784.30      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd.                                | Lancashire Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | BM        |       530 | NS      | $4476.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                  | AXA SA                                                           | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |       288 | NS      | $13132.55     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp.                                    | Barrick Mining Corp.                                             | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |       987 | NS      | $45115.03     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | MSCI Emerging Markets Index                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $132866.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                                  | OMV AG                                                           | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |       347 | NS      | $20614.49     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| M&G plc                                                 | M&G plc                                                          | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |      2310 | NS      | $9792.67      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                                             | HOCHTIEF AG                                                      | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |        14 | NS      | $5870.83      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 05.70%, 02/06/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |       262 | PA      | $20843.92     | 0.05%             | 2026-02-06      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Trane Technologies plc                                  | Trane Technologies plc                                           | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       130 | NS      | $54675.40     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                               | Williams Cos., Inc. (The)                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       642 | NS      | $43180.92     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Great-West Lifeco, Inc.                                 | Great-West Lifeco, Inc.                                          | CUSIP: 39138C106<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |       770 | NS      | $36044.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Nasdaq Equity Premium Income ETF               | JPMorgan Nasdaq Equity Premium Income ETF                        | CUSIP: 46654Q203<br>LEI: 549300QY7QH8W9EILZ23 | Long             |  | RF                | US        |    149614 | NS      | $8891560.02   | 21.41%            |  |  |  | No            |                  1 | On Loan: No      |
| TP ICAP Group plc                                       | TP ICAP Group plc                                                | CUSIP: N/A<br>LEI: 2138006YAA7IRVKKGE63       | Long             | EC               | CORP              | JE        |      1155 | NS      | $4029.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.00%, 02/06/2026              | CUSIP: 61778U527<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       208 | PA      | $30019.45     | 0.07%             | 2026-02-06      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                                        | Weyerhaeuser Co.                                                 | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |       966 | NS      | $24903.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                         | Telefonaktiebolaget LM Ericsson, Class B                         | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |       786 | NS      | $8512.51      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                               | Amundi SA                                                        | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |        49 | NS      | $4356.55      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hitachi Ltd.                                            | Hitachi Ltd.                                                     | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |       600 | NS      | $20820.08     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                               | Bank of Nova Scotia (The)                                        | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |       580 | NS      | $43362.10     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                                      | Banco Santander SA                                               | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |      2032 | NS      | $25944.72     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                                | Enel SpA                                                         | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |      4615 | NS      | $50989.11     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 18.80%, 02/27/2026              | CUSIP: 61780F336<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        21 | PA      | $23902.95     | 0.06%             | 2026-02-27      | Fixed         | 18.80%                | No            |                  2 | On Loan: No      |
| Eiffage SA                                              | Eiffage SA                                                       | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |        44 | NS      | $6525.53      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                        | Novo Nordisk A/S, Class B                                        | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |       117 | NS      | $6947.37      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Regency Centers Corp.                                   | Regency Centers Corp.                                            | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |       477 | NS      | $34758.99     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands plc                                     | Imperial Brands plc                                              | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |        62 | NS      | $2611.30      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                      | Altria Group, Inc.                                               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |       653 | NS      | $40479.47     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Konecranes OYJ                                          | Konecranes OYJ                                                   | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |        72 | NS      | $8478.88      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp. Ltd.                                      | Venture Corp. Ltd.                                               | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |       500 | NS      | $6420.56      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd.                              | Power Assets Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |      2500 | NS      | $19391.88     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                        | Gold Fields Ltd.                                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |       378 | NS      | $18945.36     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA                                    | Banco de Sabadell SA                                             | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |      1155 | NS      | $4530.82      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Royal Bank of Canada, ELN, 11.00%, 02/06/2026                    | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | SN               | CORP              | CA        |        48 | PA      | $17523.05     | 0.04%             | 2026-02-06      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                               | Gjensidige Forsikring ASA                                        | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |       130 | NS      | $3700.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                                | Mizuho Markets Cayman LP, ELN, 15.60%, 02/13/2026                | CUSIP: 60701B887<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |       142 | PA      | $25225.23     | 0.06%             | 2026-02-13      | Fixed         | 15.60%                | No            |                  2 | On Loan: No      |
| Delek Group Ltd.                                        | Delek Group Ltd.                                                 | CUSIP: N/A<br>LEI: 213800CYKA4XE2HZZB09       | Long             | EC               | CORP              | IL        |        28 | NS      | $7879.72      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                                  | General Dynamics Corp.                                           | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        25 | NS      | $8777.25      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group, Inc.                                   | TransDigm Group, Inc.                                            | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        28 | NS      | $39971.12     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmo Energy Holdings Co. Ltd.                          | Cosmo Energy Holdings Co. Ltd.                                   | CUSIP: N/A<br>LEI: 353800Y4GZ7KR5X7L150       | Long             | EC               | CORP              | JP        |       200 | NS      | $5997.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas, Inc.                                            | Ventas, Inc.                                                     | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       391 | NS      | $30368.97     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco plc                                               | Tesco plc                                                        | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |      6065 | NS      | $35291.03     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp.                                             | FANUC Corp.                                                      | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |       400 | NS      | $16061.84     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                            | Iberdrola SA                                                     | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |       320 | NS      | $7194.48      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                             | Randstad NV                                                      | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |       131 | NS      | $4688.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison, Inc.                               | Consolidated Edison, Inc.                                        | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       353 | NS      | $37640.39     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 14.70%, 02/20/2026              | CUSIP: 61780F161<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       158 | PA      | $24081.01     | 0.06%             | 2026-02-20      | Fixed         | 14.70%                | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                      | Southern Co. (The)                                               | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       440 | NS      | $39296.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyushu Railway Co.                                      | Kyushu Railway Co.                                               | CUSIP: N/A<br>LEI: 5299002CCI6HLWAN3K50       | Long             | EC               | CORP              | JP        |       700 | NS      | $17848.28     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                                      | Kimco Realty Corp.                                               | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |      1807 | NS      | $38091.56     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                                          | Commerzbank AG                                                   | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |       206 | NS      | $8467.57      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                                | Snam SpA                                                         | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |       900 | NS      | $6185.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                | Diamondback Energy, Inc.                                         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       199 | NS      | $32626.05     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co. Ltd.                     | Electric Power Development Co. Ltd.                              | CUSIP: N/A<br>LEI: 549300KMHPUAQI8VEH90       | Long             | EC               | CORP              | JP        |       900 | NS      | $19114.42     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 09.70%, 02/06/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |       155 | PA      | $14128.13     | 0.03%             | 2026-02-06      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| NOS SGPS SA                                             | NOS SGPS SA                                                      | CUSIP: N/A<br>LEI: 5493004DM8FGIY6QKF37       | Long             | EC               | CORP              | PT        |      1246 | NS      | $6477.31      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                  | BP plc                                                           | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |      6885 | NS      | $43654.74     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Franc                                             | Swiss Franc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CH        |       116 | OU      | $150.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Income ETF                                     | JPMorgan Income ETF                                              | CUSIP: 46641Q159<br>LEI: 549300CYQ8KHPO2GR356 | Long             |  | RF                | US        |     17117 | NS      | $795683.75    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                               | Orkla ASA                                                        | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |       652 | NS      | $7757.73      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugoku Electric Power Co., Inc. (The)                  | Chugoku Electric Power Co., Inc. (The)                           | CUSIP: N/A<br>LEI: 353800MV866ELME96Q46       | Long             | EC               | CORP              | JP        |      1400 | NS      | $8936.30      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 10.00%, 02/27/2026                     | CUSIP: 95005A839<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |       740 | PA      | $61935.86     | 0.15%             | 2026-02-27      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd.                       | Singapore Telecommunications Ltd.                                | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               | CORP              | SG        |      7800 | NS      | $28147.79     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 14.90%, 02/06/2026              | CUSIP: 61778U519<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       327 | PA      | $13532.67     | 0.03%             | 2026-02-06      | Fixed         | 14.90%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.30%, 02/20/2026              | CUSIP: 61780F146<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        96 | PA      | $21752.55     | 0.05%             | 2026-02-20      | Fixed         | 13.30%                | No            |                  2 | On Loan: No      |
| LyondellBasell Industries NV                            | LyondellBasell Industries NV, Class A                            | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |       468 | NS      | $22932.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                                               | Enagas SA                                                        | CUSIP: N/A<br>LEI: 213800OU3FQKGM4M2U23       | Long             | EC               | CORP              | ES        |        96 | NS      | $1580.02      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Telia Co. AB                                            | Telia Co. AB                                                     | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |      1917 | NS      | $8757.74      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 07.30%, 02/06/2026                     | CUSIP: 83371Q588<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       135 | PA      | $25423.95     | 0.06%             | 2026-02-06      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| DOF Group ASA                                           | DOF Group ASA                                                    | CUSIP: N/A<br>LEI: 213800GIV9N2A714T434       | Long             | EC               | CORP              | NO        |       577 | NS      | $6753.25      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pola Orbis Holdings, Inc.                               | Pola Orbis Holdings, Inc.                                        | CUSIP: N/A<br>LEI: 353800E8OIV0XYBABS79       | Long             | EC               | CORP              | JP        |       500 | NS      | $4374.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 16.80%, 02/13/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |       256 | PA      | $60034.76     | 0.14%             | 2026-02-13      | Fixed         | 16.80%                | No            |                  2 | On Loan: No      |
| Clorox Co. (The)                                        | Clorox Co. (The)                                                 | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       363 | NS      | $40942.77     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Japanese Yen                                            | Japanese Yen                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |     33122 | OU      | $214.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                       | Eversource Energy                                                | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |       558 | NS      | $38574.54     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KT&G Corp.                                              | KT&G Corp.                                                       | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |        62 | NS      | $6629.01      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AGL Energy Ltd.                                         | AGL Energy Ltd.                                                  | CUSIP: N/A<br>LEI: 549300QAZ8A74DEDXO80       | Long             | EC               | CORP              | AU        |      3047 | NS      | $19170.49     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Tobacco, Inc.                                     | Japan Tobacco, Inc.                                              | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |       300 | NS      | $10842.51     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                | Darden Restaurants, Inc.                                         | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       194 | NS      | $38673.90     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 18.00%, 02/13/2026              | CUSIP: 61778U741<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |      1314 | PA      | $16653.54     | 0.04%             | 2026-02-13      | Fixed         | 18.00%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 18.80%, 02/06/2026              | CUSIP: 61778U584<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        60 | PA      | $15924.04     | 0.04%             | 2026-02-06      | Fixed         | 18.80%                | No            |                  2 | On Loan: No      |
| Insignia Financial Ltd.                                 | Insignia Financial Ltd.                                          | CUSIP: N/A<br>LEI: 5493000NLB9VUM2IHC87       | Long             | EC               | CORP              | AU        |      1113 | NS      | $3596.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                          | Broadcom, Inc.                                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       384 | NS      | $127219.20    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                                         | Canadian Dollar                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |      1591 | OU      | $1168.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 16.80%, 02/06/2026              | CUSIP: 61778U543<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       121 | PA      | $22527.26     | 0.05%             | 2026-02-06      | Fixed         | 16.80%                | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |        80 | NS      | $7010.36      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Note                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         8 | NC      | $-10637.96    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries Ltd.                       | Sumitomo Electric Industries Ltd.                                | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |       500 | NS      | $21889.77     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                                | ABB Ltd. (Registered)                                            | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |       222 | NS      | $19113.77     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                         | Danske Bank A/S                                                  | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |      1111 | NS      | $56603.26     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| IG Group Holdings plc                                   | IG Group Holdings plc                                            | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |       144 | NS      | $2671.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| International Paper Co.                                 | International Paper Co.                                          | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |       719 | NS      | $28990.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                    | Meta Platforms, Inc., Class A                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       121 | NS      | $86696.50     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                           | Medtronic plc                                                    | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |       495 | NS      | $50965.20     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                           | Koninklijke Ahold Delhaize NV                                    | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |       267 | NS      | $10439.74     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Betsson AB                                              | Betsson AB, Class B                                              | CUSIP: N/A<br>LEI: 549300W61XW8OFGBG077       | Long             | EC               | CORP              | SE        |       336 | NS      | $3945.17      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 13.30%, 02/13/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |       229 | PA      | $42000.18     | 0.10%             | 2026-02-13      | Fixed         | 13.30%                | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                                 | BNP Paribas Issuance BV, ELN, 09.20%, 02/20/2026                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |       135 | PA      | $26069.08     | 0.06%             | 2026-02-20      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Group Holdings plc                              | Phoenix Group Holdings plc                                       | CUSIP: N/A<br>LEI: 2138001P49OLAEU33T68       | Long             | EC               | CORP              | GB        |      1426 | NS      | $14453.47     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd.                                       | Lenovo Group Ltd.                                                | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |      6000 | NS      | $6760.28      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                         | ASML Holding NV                                                  | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       100 | NS      | $143390.60    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                                            | BFF Bank SpA                                                     | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |       323 | NS      | $3097.31      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Investec plc                                            | Investec plc                                                     | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |       575 | NS      | $4783.75      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.                       | Philip Morris International, Inc.                                | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       230 | NS      | $41271.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Group plc (The)                                    | Sage Group plc (The)                                             | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |       612 | NS      | $8025.28      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca SpA                                          | BPER Banca SpA                                                   | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |       542 | NS      | $7633.23      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BCE, Inc.                                               | BCE, Inc.                                                        | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |      1532 | NS      | $39603.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                                     | Realty Income Corp.                                              | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       655 | NS      | $40059.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                                 | DBS Group Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |      1600 | NS      | $74371.77     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shokubai Co. Ltd.                                | Nippon Shokubai Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $7201.39      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc.                 | Citigroup Global Markets Holdings, Inc., ELN, 16.30%, 02/27/2026 | CUSIP: N/A<br>LEI: 82VOJDD5PTRDMVVMGV31       | Long             | SN               | CORP              | US        |       265 | PA      | $15965.21     | 0.04%             | 2026-02-27      | Fixed         | 16.30%                | No            |                  2 | On Loan: No      |
| Orient Overseas International Ltd.                      | Orient Overseas International Ltd.                               | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |      1000 | NS      | $16383.17     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                             | Reckitt Benckiser Group plc                                      | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |       132 | NS      | $11003.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon, Inc.                                             | Canon, Inc.                                                      | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |       600 | NS      | $18263.33     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NOK Corp.                                               | NOK Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       100 | NS      | $1947.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                                  | Keurig Dr Pepper, Inc.                                           | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      1395 | NS      | $38278.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Activia Properties, Inc.                                | Activia Properties, Inc.                                         | CUSIP: N/A<br>LEI: 353800RPGYN3ML8CXV54       | Long             | EC               | CORP              | JP        |         3 | NS      | $2801.80      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                     | Intesa Sanpaolo SpA                                              | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |      7687 | NS      | $54419.29     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Comcast Corp.                                           | Comcast Corp., Class A                                           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      1242 | NS      | $36949.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy, Inc.                                       | Xcel Energy, Inc.                                                | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |       520 | NS      | $39551.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd.                              | Woodside Energy Group Ltd.                                       | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |       619 | NS      | $10929.37     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                          | BHP Group Ltd.                                                   | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |       339 | NS      | $11675.96     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitecap Resources, Inc.                                | Whitecap Resources, Inc.                                         | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |      1875 | NS      | $17102.41     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicaja Banco SA                                        | Unicaja Banco SA                                                 | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |      1246 | NS      | $4269.90      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 15.00%, 02/20/2026                     | CUSIP: 83371Q836<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       103 | PA      | $31287.50     | 0.08%             | 2026-02-20      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| Motorola Solutions, Inc.                                | Motorola Solutions, Inc.                                         | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |        96 | NS      | $38643.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | EURO STOXX 50 Index                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |         2 | NC      | $4632.82      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                     | Hong Kong Exchanges & Clearing Ltd.                              | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |       500 | NS      | $27565.56     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 09.70%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       144 | PA      | $25389.25     | 0.06%             | 2026-02-13      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 17.80%, 02/27/2026              | CUSIP: 61780F328<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        23 | PA      | $25697.50     | 0.06%             | 2026-02-27      | Fixed         | 17.80%                | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                     | Expedia Group, Inc.                                              | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       136 | NS      | $36018.24     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hysan Development Co. Ltd.                              | Hysan Development Co. Ltd.                                       | CUSIP: N/A<br>LEI: 5299007BABFLKIH9HL03       | Long             | EC               | CORP              | HK        |      1000 | NS      | $2746.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp.                                         | TC Energy Corp.                                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |       334 | NS      | $19584.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                        | Hong Kong Dollar                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |         5 | OU      | $0.62         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co., Inc.                          | Chubu Electric Power Co., Inc.                                   | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |       200 | NS      | $2905.72      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                              | US Bancorp                                                       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |       682 | NS      | $38267.02     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                               | PPL Corp.                                                        | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |       317 | NS      | $11491.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                       | Wells Fargo & Co.                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       581 | NS      | $52574.69     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund                        | JPMorgan Prime Money Market Fund, Class IM                       | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |    339511 | NS      | $339646.64    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                       | New Taiwan Dollar                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings, Inc.                                      | JFE Holdings, Inc.                                               | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               | CORP              | JP        |      1000 | NS      | $13463.19     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS Group GmbH & Co. KGaA                               | DWS Group GmbH & Co. KGaA                                        | CUSIP: N/A<br>LEI: 529900VM3464806ERS69       | Long             | EC               | CORP              | DE        |        39 | NS      | $2855.35      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBM Offshore NV                                         | SBM Offshore NV                                                  | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |       256 | NS      | $9195.59      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Generali SpA                                      | Banca Generali SpA                                               | CUSIP: N/A<br>LEI: 815600903231FA2E7698       | Long             | EC               | CORP              | IT        |        76 | NS      | $5120.89      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KeyCorp                                                 | KeyCorp                                                          | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      2071 | NS      | $44567.92     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                   | Alexandria Real Estate Equities, Inc.                            | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |       749 | NS      | $40925.36     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP plc                                                 | WPP plc                                                          | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |      4118 | NS      | $17082.39     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                     | Cisco Systems, Inc.                                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |       558 | NS      | $43702.56     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                    | Mitsubishi UFJ Financial Group, Inc.                             | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |      2200 | NS      | $39842.81     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                           | Stellantis NV                                                    | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |       269 | NS      | $2639.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali                                                | Generali                                                         | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |       209 | NS      | $8525.20      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DIC Corp.                                               | DIC Corp.                                                        | CUSIP: N/A<br>LEI: 549300F1YB9ARLPUKB67       | Long             | EC               | CORP              | JP        |       100 | NS      | $2447.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                                        | Wartsila OYJ Abp                                                 | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |       378 | NS      | $15324.15     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co. Ltd.                                        | Niterra Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |       100 | NS      | $4372.19      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                           | PepsiCo, Inc.                                                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       489 | NS      | $75125.07     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United Urban Investment Corp.                           | United Urban Investment Corp.                                    | CUSIP: N/A<br>LEI: 353800GYZWBD7BDCN841       | Long             | EC               | CORP              | JP        |         9 | NS      | $10398.05     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                                    | Banca Mediolanum SpA                                             | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |      1079 | NS      | $25311.41     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey plc                                     | Johnson Matthey plc                                              | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |       240 | NS      | $7761.09      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co. Ltd.                             | Ono Pharmaceutical Co. Ltd.                                      | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |       100 | NS      | $1489.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                         | Mitsubishi Chemical Group Corp.                                  | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |      1700 | NS      | $11223.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Region Group                                            | Region Group                                                     | CUSIP: N/A<br>LEI: 549300MS6NZV0B7K7D28       | Long             | EC               | CORP              | AU        |      1276 | NS      | $2046.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV                                                  | JBS NV, Class A                                                  | CUSIP: N/A<br>LEI: 254900JSFON4WL81TW77       | Long             | EC               | CORP              | NL        |       809 | NS      | $12741.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp. of Canada                                   | Power Corp. of Canada                                            | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |       514 | NS      | $25921.77     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 11.50%, 02/27/2026              | CUSIP: 61780F369<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       105 | PA      | $21100.41     | 0.05%             | 2026-02-27      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 16.80%, 02/20/2026                     | CUSIP: 83371Q810<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       120 | PA      | $25073.06     | 0.06%             | 2026-02-20      | Fixed         | 16.80%                | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                     | Erste Group Bank AG                                              | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |        76 | NS      | $9880.69      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                              | Haleon plc                                                       | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |      3727 | NS      | $19491.84     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       400 | NS      | $73120.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings, Inc.                                   | Nomura Holdings, Inc.                                            | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |       900 | NS      | $8156.11      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile US, Inc.                                       | T-Mobile US, Inc.                                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       181 | NS      | $35695.01     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 07.30%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |        78 | PA      | $27851.56     | 0.07%             | 2026-02-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Vonovia SE                                              | Vonovia SE                                                       | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |       360 | NS      | $10540.55     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                         | Norsk Hydro ASA                                                  | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |      1944 | NS      | $17258.61     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 19.00%, 02/20/2026                     | CUSIP: 83371Q844<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       196 | PA      | $23066.58     | 0.06%             | 2026-02-20      | Fixed         | 19.00%                | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                                 | BNP Paribas Issuance BV, ELN, 11.20%, 02/27/2026                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |       160 | PA      | $23871.15     | 0.06%             | 2026-02-27      | Fixed         | 11.20%                | Yes           |                  2 | On Loan: No      |
| HP, Inc.                                                | HP, Inc.                                                         | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      1645 | NS      | $31978.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd.                               | Hang Lung Properties Ltd.                                        | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |      9000 | NS      | $10860.06     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                       | Lowe's Cos., Inc.                                                | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       364 | NS      | $97209.84     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                    | Analog Devices, Inc.                                             | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       223 | NS      | $69326.24     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co. plc (The)                              | British Land Co. plc (The)                                       | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |      2284 | NS      | $13027.77     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Frontier Real Estate Investment Corp.                   | Frontier Real Estate Investment Corp.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |         4 | NS      | $2356.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                               | Unibail-Rodamco-Westfield                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |        50 | NS      | $5528.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                       | National Grid plc                                                | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |       867 | NS      | $14729.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                        | Roche Holding AG                                                 | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |        97 | NS      | $44109.77     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                              | Allianz SE (Registered)                                          | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       154 | NS      | $67809.62     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                             | Aker BP ASA                                                      | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |       766 | NS      | $22549.44     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 19.40%, 02/27/2026                     | CUSIP: 83371Q885<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |       100 | PA      | $23872.09     | 0.06%             | 2026-02-27      | Fixed         | 19.40%                | No            |                  2 | On Loan: No      |
| Exelon Corp.                                            | Exelon Corp.                                                     | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       879 | NS      | $39361.62     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                                      | Brown-Forman Corp., Class B                                      | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      1406 | NS      | $38482.22     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances, Inc.                | International Flavors & Fragrances, Inc.                         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |       430 | NS      | $30018.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                           | Chevron Corp.                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       448 | NS      | $79251.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 12.50%, 02/06/2026                     | CUSIP: 83371Q570<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |        80 | PA      | $15359.57     | 0.04%             | 2026-02-06      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Keyera Corp.                                            | Keyera Corp.                                                     | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |       320 | NS      | $10836.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA                                      | Credit Agricole SA                                               | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |       123 | NS      | $2663.74      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TietoEVRY OYJ                                           | TietoEVRY OYJ                                                    | CUSIP: N/A<br>LEI: 549300EW2KM4KROKQV31       | Long             | EC               | CORP              | FI        |       155 | NS      | $3364.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 10.50%, 02/20/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |        95 | PA      | $98458.66     | 0.24%             | 2026-02-20      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Bankinter SA                                            | Bankinter SA                                                     | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |       207 | NS      | $3533.48      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings plc                         | Seagate Technology Holdings plc                                  | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |       155 | NS      | $63191.95     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                             | Toronto-Dominion Bank (The), ELN, 27.30%, 02/27/2026             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | Long             | SN               | CORP              | CA        |       106 | PA      | $26502.65     | 0.06%             | 2026-02-27      | Fixed         | 27.30%                | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 31.30%, 02/06/2026                     | CUSIP: 95005A607<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |        44 | PA      | $17180.25     | 0.04%             | 2026-02-06      | Fixed         | 31.30%                | No            |                  2 | On Loan: No      |
| Target Corp.                                            | Target Corp.                                                     | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       411 | NS      | $43348.17     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                                       | Australian Dollar                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |       558 | OU      | $388.67       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                          | ConocoPhillips                                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |        83 | NS      | $8651.09      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                       | American Electric Power Co., Inc.                                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       369 | NS      | $44196.98     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.80%, 02/27/2026              | CUSIP: 61780F351<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       368 | PA      | $20221.35     | 0.05%             | 2026-02-27      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                      | Crown Castle, Inc.                                               | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |       412 | NS      | $35765.72     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                                 | E.ON SE                                                          | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |      1801 | NS      | $38198.96     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                                | Mizuho Markets Cayman LP, ELN, 16.20%, 02/27/2026                | CUSIP: 60701C406<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |        77 | PA      | $20451.99     | 0.05%             | 2026-02-27      | Fixed         | 16.20%                | No            |                  2 | On Loan: No      |
| Shell plc                                               | Shell plc                                                        | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      1607 | NS      | $61772.30     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Var Energi ASA                                          | Var Energi ASA                                                   | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |      3083 | NS      | $11272.78     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                               | Rubis SCA                                                        | CUSIP: N/A<br>LEI: 969500MGFIKUGLTC9742       | Long             | EC               | CORP              | FR        |       174 | NS      | $7045.79      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SACA                                          | Vallourec SACA                                                   | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |       210 | NS      | $4456.80      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                           | AIB Group plc                                                    | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |       692 | NS      | $7735.27      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tyson Foods, Inc.                                       | Tyson Foods, Inc., Class A                                       | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |       654 | NS      | $42725.82     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp.                                    | Avery Dennison Corp.                                             | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       194 | NS      | $35988.94     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Note                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        54 | NC      | $-33969.31    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen KK                                         | Nippon Yusen KK                                                  | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |       100 | NS      | $3286.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                             | Toronto-Dominion Bank (The), ELN, 15.00%, 02/13/2026             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | Long             | SN               | CORP              | CA        |       328 | PA      | $23450.00     | 0.06%             | 2026-02-13      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| Woori Financial Group, Inc.                             | Woori Financial Group, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       195 | NS      | $4079.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                        | ABN AMRO Bank NV                                                 | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |       124 | NS      | $4568.56      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                      | Banco Bilbao Vizcaya Argentaria SA                               | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |       870 | NS      | $22083.79     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Veolia Environnement SA                                 | Veolia Environnement SA                                          | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |       206 | NS      | $7726.48      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yue Yuen Industrial Holdings Ltd.                       | Yue Yuen Industrial Holdings Ltd.                                | CUSIP: N/A<br>LEI: 254900YUFIBANZ1XU687       | Long             | EC               | CORP              | BM        |      4500 | NS      | $10036.33     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                               | Loomis AB                                                        | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |       134 | NS      | $5560.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                             | Tokio Marine Holdings, Inc.                                      | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |       600 | NS      | $22363.53     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                 | BASF SE                                                          | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |       307 | NS      | $16643.70     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilfinger SE                                            | Bilfinger SE                                                     | CUSIP: N/A<br>LEI: 529900H0HULEN2BZ4604       | Long             | EC               | CORP              | DE        |        56 | NS      | $7846.09      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| T. Rowe Price Group, Inc.                               | T. Rowe Price Group, Inc.                                        | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       270 | NS      | $28533.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arkema SA                                               | Arkema SA                                                        | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |        69 | NS      | $4155.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                      | Toyota Motor Corp.                                               | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |      1200 | NS      | $27198.61     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                     | Coca-Cola Co. (The)                                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |       950 | NS      | $71069.50     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VTech Holdings Ltd.                                     | VTech Holdings Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |       700 | NS      | $5451.24      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                            | Carrefour SA                                                     | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |      1206 | NS      | $19753.30     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Proximus SADP                                           | Proximus SADP                                                    | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |       725 | NS      | $6614.82      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 14.30%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       173 | PA      | $20861.47     | 0.05%             | 2026-02-13      | Fixed         | 14.30%                | No            |                  2 | On Loan: No      |
| ITV plc                                                 | ITV plc                                                          | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |      4930 | NS      | $5496.68      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bendigo & Adelaide Bank Ltd.                            | Bendigo & Adelaide Bank Ltd.                                     | CUSIP: N/A<br>LEI: 549300Y9URD6W70K0360       | Long             | EC               | CORP              | AU        |       880 | NS      | $6701.02      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd.                               | Wilmar International Ltd.                                        | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |      1500 | NS      | $4005.06      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co. Ltd.                            | Japan Post Holdings Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |       800 | NS      | $9626.26      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 14.00%, 02/13/2026              | CUSIP: 61778U709<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        56 | PA      | $26650.58     | 0.06%             | 2026-02-13      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                          | Takeda Pharmaceutical Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |       800 | NS      | $27231.77     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                             | Toronto-Dominion Bank (The), ELN, 25.00%, 02/27/2026             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | Long             | SN               | CORP              | CA        |       358 | PA      | $23713.53     | 0.06%             | 2026-02-27      | Fixed         | 25.00%                | No            |                  2 | On Loan: No      |
| Aozora Bank Ltd.                                        | Aozora Bank Ltd.                                                 | CUSIP: N/A<br>LEI: X0XUGKC9FD2CYUQNC010       | Long             | EC               | CORP              | JP        |      1200 | NS      | $19441.30     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties, Inc.                                   | VICI Properties, Inc., Class A                                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      1303 | NS      | $36588.24     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 08.50%, 02/20/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       105 | PA      | $23170.26     | 0.06%             | 2026-02-20      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                               | Zurich Insurance Group AG                                        | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |        17 | NS      | $12094.17     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dow, Inc.                                               | Dow, Inc.                                                        | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      1598 | NS      | $44024.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                              | Procter & Gamble Co. (The)                                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       194 | NS      | $29443.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue, Inc.                                            | Kenvue, Inc.                                                     | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |      2189 | NS      | $38088.60     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                           | UniCredit SpA                                                    | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |       211 | NS      | $18387.81     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Valmet OYJ                                              | Valmet OYJ                                                       | CUSIP: N/A<br>LEI: 213800D9O7FUQDH83V62       | Long             | EC               | CORP              | FI        |       180 | NS      | $6167.98      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                  | Truist Financial Corp.                                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |       869 | NS      | $44683.98     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mandatum OYJ                                            | Mandatum OYJ                                                     | CUSIP: N/A<br>LEI: 743700OAJK6L28Y2NN56       | Long             | EC               | CORP              | FI        |       477 | NS      | $3890.09      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury plc                                         | J Sainsbury plc                                                  | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |      1967 | NS      | $8618.84      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dunelm Group plc                                        | Dunelm Group plc                                                 | CUSIP: N/A<br>LEI: 213800WCOWEI3T5DUV19       | Long             | EC               | CORP              | GB        |       350 | NS      | $4425.24      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                                               | Endesa SA                                                        | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |      1256 | NS      | $46286.78     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon plc                                           | Persimmon plc                                                    | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |       581 | NS      | $11188.45     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma, Inc.                                   | Astellas Pharma, Inc.                                            | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |       200 | NS      | $2781.98      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                                      | Azimut Holding SpA                                               | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |       112 | NS      | $4731.32      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cairn Homes plc                                         | Cairn Homes plc                                                  | CUSIP: N/A<br>LEI: 635400DPX6WP2KKDOA83       | Long             | EC               | CORP              | IE        |      2195 | NS      | $5424.19      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 08.00%, 02/20/2026                     | CUSIP: 83371Q828<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |      1547 | PA      | $27270.62     | 0.07%             | 2026-02-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Kyushu Electric Power Co., Inc.                         | Kyushu Electric Power Co., Inc.                                  | CUSIP: N/A<br>LEI: 549300BYNZPLKQVQH430       | Long             | EC               | CORP              | JP        |       400 | NS      | $4452.77      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                        | ArcelorMittal SA                                                 | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |       171 | NS      | $9286.68      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                              | Siemens AG (Registered)                                          | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |       133 | NS      | $40209.93     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining plc                                    | Endeavour Mining plc                                             | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |       176 | NS      | $10017.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                            | Verizon Communications, Inc.                                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1437 | NS      | $63975.24     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane SpA                                      | Poste Italiane SpA                                               | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |       238 | NS      | $6268.49      | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United Energy Group Ltd.                                | United Energy Group Ltd.                                         | CUSIP: N/A<br>LEI: 254900I49QKOOISW8F62       | Long             | EC               | CORP              | BM        |     38000 | NS      | $3129.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA            | Cie Generale des Etablissements Michelin SCA                     | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |       169 | NS      | $6275.92      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 12.30%, 02/06/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |        48 | PA      | $22370.78     | 0.05%             | 2026-02-06      | Fixed         | 12.30%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.50%, 02/20/2026              | CUSIP: 61780F153<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        62 | PA      | $25920.37     | 0.06%             | 2026-02-20      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA          | ACS Actividades de Construccion y Servicios SA                   | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |        65 | NS      | $7292.76      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                   | Walt Disney Co. (The)                                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      1053 | NS      | $118778.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                                | Franklin Resources, Inc.                                         | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      1535 | NS      | $40861.70     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                                         | AstraZeneca plc                                                  | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |       311 | NS      | $57943.68     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 16.80%, 02/13/2026              | CUSIP: 61778U733<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        63 | PA      | $17742.10     | 0.04%             | 2026-02-13      | Fixed         | 16.80%                | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 14.30%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       198 | PA      | $25148.30     | 0.06%             | 2026-02-13      | Fixed         | 14.30%                | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                             | Amgen, Inc.                                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       131 | NS      | $44786.28     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemira OYJ                                              | Kemira OYJ                                                       | CUSIP: N/A<br>LEI: 74370031Y7RK5H88CQ48       | Long             | EC               | CORP              | FI        |       239 | NS      | $5621.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Spark New Zealand Ltd.                                  | Spark New Zealand Ltd.                                           | CUSIP: N/A<br>LEI: 529900HUN51H3Y7QBB66       | Long             | EC               | CORP              | NZ        |      3952 | NS      | $5377.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                           | Paychex, Inc.                                                    | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |        16 | NS      | $1650.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                                              | ANDRITZ AG                                                       | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |        62 | NS      | $5364.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                         | Microsoft Corp.                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       614 | NS      | $264198.06    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Polska SA                                | Santander Bank Polska SA                                         | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |        20 | NS      | $3137.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 14.30%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       307 | PA      | $30661.78     | 0.07%             | 2026-02-13      | Fixed         | 14.30%                | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1599 | NS      | $85066.80     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                            | CF Industries Holdings, Inc.                                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       430 | NS      | $40088.90     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                          | Public Storage                                                   | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |       103 | NS      | $28447.57     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                             | Inpex Corp.                                                      | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |       400 | NS      | $8961.69      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 07.30%, 02/06/2026                     | CUSIP: 95005A706<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |        72 | PA      | $21496.48     | 0.05%             | 2026-02-06      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 10.20%, 02/13/2026              | CUSIP: 61778U790<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       104 | PA      | $21394.29     | 0.05%             | 2026-02-13      | Fixed         | 10.20%                | Yes           |                  2 | On Loan: No      |
| Evergy, Inc.                                            | Evergy, Inc.                                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       546 | NS      | $41894.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto plc                                           | Rio Tinto plc                                                    | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |       721 | NS      | $65779.95     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp.                             | KDX Realty Investment Corp.                                      | CUSIP: N/A<br>LEI: 353800FFT483NCIHFY42       | Long             | EC               | CORP              | JP        |         7 | NS      | $7572.85      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                             | ONEOK, Inc.                                                      | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       499 | NS      | $39515.81     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                                    | Kimberly-Clark Corp.                                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       363 | NS      | $36296.37     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                               | Safran SA                                                        | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |       301 | NS      | $107544.72    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                            | Centrica plc                                                     | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |      3746 | NS      | $9808.93      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 10.00%, 02/06/2026              | CUSIP: 61778U535<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        56 | PA      | $24751.06     | 0.06%             | 2026-02-06      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Equinor ASA                                             | Equinor ASA                                                      | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |      1367 | NS      | $36742.95     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                           | Banco BPM SpA                                                    | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |       421 | NS      | $6310.51      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Emerson Electric Co.                                    | Emerson Electric Co.                                             | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       714 | NS      | $104929.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Corp.                                          | SoftBank Corp.                                                   | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |     16500 | NS      | $22427.77     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                | Volvo AB, Class B                                                | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      3577 | NS      | $129978.98    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans N.V.                               | Koninklijke Heijmans N.V.                                        | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |       102 | NS      | $8311.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                      | Millicom International Cellular SA                               | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |       146 | NS      | $8910.38      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd.                                            | Plus500 Ltd.                                                     | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |        84 | NS      | $4835.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| 3M Co.                                                  | 3M Co.                                                           | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       344 | NS      | $52687.04     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg A/S                                           | Carlsberg A/S, Class B                                           | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |        47 | NS      | $6389.61      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                        | TotalEnergies SE                                                 | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |       302 | NS      | $21964.09     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                                   | Woolworths Group Ltd.                                            | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |       707 | NS      | $15172.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Naturgy Energy Group SA                                 | Naturgy Energy Group SA                                          | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |       176 | NS      | $5524.30      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                                | Kone OYJ, Class B                                                | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |       141 | NS      | $10132.95     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                | Engie SA                                                         | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |      3728 | NS      | $111304.80    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Salmar ASA                                              | Salmar ASA                                                       | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |       116 | NS      | $6910.17      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                       | Barclays Bank plc, ELN, 15.60%, 02/13/2026                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |       476 | PA      | $13957.45     | 0.03%             | 2026-02-13      | Fixed         | 15.60%                | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                             | Bayerische Motoren Werke AG                                      | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |        32 | NS      | $3295.37      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                               | Nestle SA (Registered)                                           | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |       287 | NS      | $27387.43     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group plc                                       | Admiral Group plc                                                | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |       126 | NS      | $4741.88      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                            | KBC Group NV                                                     | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |        44 | NS      | $6200.29      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Tire Corp. Ltd.                                | Canadian Tire Corp. Ltd., Class A                                | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               | CORP              | CA        |       143 | NS      | $17592.89     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Sindall Group plc                                | Morgan Sindall Group plc                                         | CUSIP: N/A<br>LEI: 2138008339ULDGZRB345       | Long             | EC               | CORP              | GB        |        95 | NS      | $6408.67      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Exchange Group, Inc.                              | Japan Exchange Group, Inc.                                       | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | Long             | EC               | CORP              | JP        |      1500 | NS      | $16368.33     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis, Inc.                                            | Fortis, Inc.                                                     | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |       784 | NS      | $41801.05     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AL Sydbank                                              | AL Sydbank                                                       | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |        54 | NS      | $4890.48      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Metcash Ltd.                                            | Metcash Ltd.                                                     | CUSIP: N/A<br>LEI: 25490065W4SN3LZMX216       | Long             | EC               | CORP              | AU        |      2732 | NS      | $6298.40      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp.                                               | RTX Corp.                                                        | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       234 | NS      | $47017.62     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipol Assicurazioni SpA                                | Unipol Assicurazioni SpA                                         | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |       245 | NS      | $5456.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                            | Gaztransport Et Technigaz SA                                     | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |        31 | NS      | $6678.90      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliant Energy Corp.                                    | Alliant Energy Corp.                                             | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       315 | NS      | $20761.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Rubber Industries Ltd.                         | Sumitomo Rubber Industries Ltd.                                  | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |       300 | NS      | $4834.85      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                            | Mondelez International, Inc., Class A                            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      1042 | NS      | $60925.74     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                            | AbbVie, Inc.                                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       551 | NS      | $122878.51    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                                     | Omnicom Group, Inc.                                              | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       982 | NS      | $75653.28     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge, Inc.                                          | Enbridge, Inc.                                                   | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |       827 | NS      | $40370.65     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AEON REIT Investment Corp.                              | AEON REIT Investment Corp.                                       | CUSIP: N/A<br>LEI: 353800P59F8MJB4FE788       | Long             | EC               | CORP              | JP        |         4 | NS      | $3461.99      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene OYJ                                         | UPM-Kymmene OYJ                                                  | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |       256 | NS      | $7062.56      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                  | WEC Energy Group, Inc.                                           | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       329 | NS      | $36410.43     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR, Inc.                                            | PACCAR, Inc.                                                     | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       501 | NS      | $61577.91     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                   | NXP Semiconductors NV                                            | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |       226 | NS      | $51107.64     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc.                 | Citigroup Global Markets Holdings, Inc., ELN, 12.50%, 02/20/2026 | CUSIP: N/A<br>LEI: 82VOJDD5PTRDMVVMGV31       | Long             | SN               | CORP              | US        |       179 | PA      | $22722.04     | 0.05%             | 2026-02-20      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Baker Hughes Co.                                        | Baker Hughes Co., Class A                                        | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1015 | NS      | $56880.60     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                            | NetApp, Inc.                                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       294 | NS      | $28326.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 08.50%, 02/20/2026              | CUSIP: 61780F187<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        62 | PA      | $23073.50     | 0.06%             | 2026-02-20      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Sempra                                                  | Sempra                                                           | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |       406 | NS      | $35326.06     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.80%, 02/06/2026              | CUSIP: 61778U568<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       212 | PA      | $12998.89     | 0.03%             | 2026-02-06      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| Tele2 AB                                                | Tele2 AB, Class B                                                | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |      2639 | NS      | $48553.72     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hershey Co. (The)                                       | Hershey Co. (The)                                                | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       201 | NS      | $39144.75     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Financial Group Ltd.                           | Magellan Financial Group Ltd.                                    | CUSIP: N/A<br>LEI: 549300X5WFW6USQQ9U26       | Long             | EC               | CORP              | AU        |       596 | NS      | $3603.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd.                             | Cathay Pacific Airways Ltd.                                      | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |      2000 | NS      | $3135.83      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                     | EOG Resources, Inc.                                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       571 | NS      | $64026.23     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                                   | Gilead Sciences, Inc.                                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       525 | NS      | $74523.75     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                       | Duke Energy Corp.                                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |       333 | NS      | $40409.55     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF          | CUSIP: 46641Q878<br>LEI: 549300UUJZT2ZWE64W88 | Long             |  | RF                | US        |    298017 | NS      | $13956136.11  | 33.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 13.00%, 02/20/2026              | CUSIP: 61780F203<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        25 | PA      | $35869.96     | 0.09%             | 2026-02-20      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       124 | NS      | $35579.32     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA                                              | Covivio SA                                                       | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |       133 | NS      | $8496.84      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 09.20%, 02/13/2026              | CUSIP: 61778U717<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       166 | PA      | $51076.61     | 0.12%             | 2026-02-13      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| CaixaBank SA                                            | CaixaBank SA                                                     | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |       843 | NS      | $11127.76     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                     | Deutsche Telekom AG (Registered)                                 | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |       530 | NS      | $17785.89     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                                          | Credicorp Ltd.                                                   | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |        37 | NS      | $13202.71     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 11.30%, 02/06/2026              | CUSIP: 61778U501<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |        81 | PA      | $16446.02     | 0.04%             | 2026-02-06      | Fixed         | 11.30%                | No            |                  2 | On Loan: No      |
| South Korea Won                                         | South Korea Won                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | KR        |       -11 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                             | Novartis AG (Registered)                                         | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |       466 | NS      | $69140.34     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hope Corp. Ltd.                                     | New Hope Corp. Ltd.                                              | CUSIP: N/A<br>LEI: 254900DHRUGXZSLSNZ83       | Long             | EC               | CORP              | AU        |      1243 | NS      | $3897.67      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TELUS Corp.                                             | TELUS Corp.                                                      | CUSIP: 87971M103<br>LEI: 894500WE70KKZRQMBU11 | Long             | EC               | CORP              | CA        |      2776 | NS      | $38735.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Barratt Redrow plc                                      | Barratt Redrow plc                                               | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |      4287 | NS      | $22827.14     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Restaurant Brands International, Inc.                   | Restaurant Brands International, Inc.                            | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |       555 | NS      | $37184.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                        | McDonald's Corp.                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       206 | NS      | $64890.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                     | Kinder Morgan, Inc.                                              | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      1411 | NS      | $43021.39     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands, Inc.                                       | Yum! Brands, Inc.                                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       444 | NS      | $69042.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.90%, 02/20/2026              | CUSIP: 61780F211<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       374 | PA      | $43192.25     | 0.10%             | 2026-02-20      | Fixed         | 12.90%                | No            |                  2 | On Loan: No      |
| Accenture plc                                           | Accenture plc, Class A                                           | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |       137 | NS      | $36118.68     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Polish Zloty - New                                      | Polish Zloty - New                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |       601 | OU      | $169.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Equity Premium Income ETF                      | JPMorgan Equity Premium Income ETF                               | CUSIP: 46641Q332<br>LEI: 549300WPLSUZ3ZNSFP07 | Long             |  | RF                | US        |     31669 | NS      | $1854536.64   | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum OYJ                                              | Fortum OYJ                                                       | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |       661 | NS      | $15614.38     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                              | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    427000 | PA      | $429345.17    | 1.03%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                   | Dominion Energy, Inc.                                            | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |       639 | NS      | $38448.63     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group SA            | International Consolidated Airlines Group SA                     | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |      1263 | NS      | $7256.03      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                                | CapitaLand Ascendas                                              | CUSIP: N/A<br>LEI: 549300ILIBAEMQZK3L20       | Long             | EC               | CORP              | SG        |      3700 | NS      | $8280.08      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                              | Hana Financial Group, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        96 | NS      | $6670.28      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastenal Co.                                            | Fastenal Co.                                                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |       845 | NS      | $36639.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA                             | FinecoBank Banca Fineco SpA                                      | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |       195 | NS      | $5169.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                            | Capgemini SE                                                     | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |       295 | NS      | $45836.58     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Entergy Corp.                                           | Entergy Corp.                                                    | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       446 | NS      | $42766.94     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp.       | Industrial & Infrastructure Fund Investment Corp.                | CUSIP: N/A<br>LEI: 353800WCHFY04YKYCI19       | Long             | EC               | CORP              | JP        |         5 | NS      | $4842.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp.                                      | Suzuki Motor Corp.                                               | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |      1800 | NS      | $24543.13     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                       | HSBC Holdings plc                                                | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |      2006 | NS      | $35387.69     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co. Ltd.                     | Henderson Land Development Co. Ltd.                              | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |      1000 | NS      | $3977.62      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                             | Shin-Etsu Chemical Co. Ltd.                                      | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |       500 | NS      | $16442.29     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA, ELN, 14.00%, 02/06/2026                     | CUSIP: 83371Q562<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |        12 | PA      | $17598.59     | 0.04%             | 2026-02-06      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                         | Nordea Bank Abp                                                  | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |      4934 | NS      | $95326.90     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Royal Bank of Canada, ELN, 11.00%, 02/06/2026                    | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | SN               | CORP              | CA        |       428 | PA      | $81909.84     | 0.20%             | 2026-02-06      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Continental AG                                          | Continental AG                                                   | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |        94 | NS      | $7396.80      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                    | EURO                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |      1632 | OU      | $1934.27      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                           | British Pound                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |      2430 | OU      | $3325.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher plc                                          | Kingfisher plc                                                   | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |       944 | NS      | $4350.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke BAM Groep NV                                | Koninklijke BAM Groep NV                                         | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |       756 | NS      | $7928.71      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                    | American Tower Corp.                                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |        50 | NS      | $8964.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd.                                       | Isuzu Motors Ltd.                                                | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |       100 | NS      | $1610.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd.                                 | Agnico Eagle Mines Ltd.                                          | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |        68 | NS      | $12926.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                          | Ford Motor Co.                                                   | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      3247 | NS      | $45068.36     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House REIT, Inc.                                | Sekisui House REIT, Inc.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |         9 | NS      | $5285.02      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                                 | BNP Paribas Issuance BV, ELN, 05.90%, 02/06/2026                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |       111 | PA      | $21184.53     | 0.05%             | 2026-02-06      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                   | Lockheed Martin Corp.                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |        71 | NS      | $45029.62     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Solutions ASA                                      | Aker Solutions ASA                                               | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |      1970 | NS      | $7198.48      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Royal Bank of Canada, ELN, 13.00%, 02/20/2026                    | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | SN               | CORP              | CA        |       295 | PA      | $34684.27     | 0.08%             | 2026-02-20      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| Emera, Inc.                                             | Emera, Inc.                                                      | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |        31 | NS      | $1536.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouygues SA                                             | Bouygues SA                                                      | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |       130 | NS      | $7026.99      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                     | Suncor Energy, Inc.                                              | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |       965 | NS      | $51005.07     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Land Securities Group plc                               | Land Securities Group plc                                        | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |      1454 | NS      | $12977.58     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobe Steel Ltd.                                         | Kobe Steel Ltd.                                                  | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               | CORP              | JP        |      1300 | NS      | $18713.27     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                     | Wells Fargo Bank NA, ELN, 09.60%, 02/27/2026                     | CUSIP: 95005A847<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | SN               | CORP              | US        |       375 | PA      | $38905.93     | 0.09%             | 2026-02-27      | Fixed         | 9.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                       | NatWest Group plc                                                | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |      5865 | NS      | $53458.22     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                               | Repsol SA                                                        | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |       382 | NS      | $7525.82      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Wah Holdings Ltd.                                   | Man Wah Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 52990005BW6K71UPKX41       | Long             | EC               | CORP              | BM        |      1600 | NS      | $992.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                 | Texas Instruments, Inc.                                          | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       173 | NS      | $37290.15     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                             | Swiss Re AG                                                      | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |        47 | NS      | $7509.84      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                     | Iron Mountain, Inc.                                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |       351 | NS      | $32337.63     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE plc                                                 | SSE plc                                                          | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |       657 | NS      | $21837.01     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                                | Rolls-Royce Holdings plc                                         | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |       931 | NS      | $15563.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.            | Fidelity National Information Services, Inc.                     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      1471 | NS      | $81272.75     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                               | Extra Space Storage, Inc.                                        | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       262 | NS      | $36148.14     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                            | DNB Bank ASA                                                     | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |       237 | NS      | $6795.59      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Technogym SpA                                           | Technogym SpA                                                    | CUSIP: N/A<br>LEI: 815600B9149F66E77F76       | Long             | EC               | CORP              | IT        |       388 | NS      | $8102.58      | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Klepierre SA                                            | Klepierre SA                                                     | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |       988 | NS      | $38061.13     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                        | Pernod Ricard SA                                                 | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |        61 | NS      | $5454.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                        | ASR Nederland NV                                                 | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |        83 | NS      | $6028.35      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley plc                                             | Beazley plc                                                      | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |       335 | NS      | $5204.41      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues SA                            | Banco Comercial Portugues SA, Class R                            | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |      4964 | NS      | $5373.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit WestRock plc                                    | Smurfit WestRock plc                                             | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |       228 | NS      | $9491.64      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                             | Goldman Sachs International, ELN, 13.90%, 02/06/2026             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |       155 | PA      | $17411.20     | 0.04%             | 2026-02-06      | Fixed         | 13.90%                | No            |                  2 | On Loan: No      |
| Aviva plc                                               | Aviva plc                                                        | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |       771 | NS      | $6721.46      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Origin Energy Ltd.                                      | Origin Energy Ltd.                                               | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |       263 | NS      | $2156.94      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitie Group plc                                         | Mitie Group plc                                                  | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |      3571 | NS      | $8189.57      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PCCW Ltd.                                               | PCCW Ltd.                                                        | CUSIP: N/A<br>LEI: 254900SI7GPUPA1TJX39       | Long             | EC               | CORP              | HK        |      5000 | NS      | $3736.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance LLC                              | Morgan Stanley Finance LLC, ELN, 12.40%, 02/27/2026              | CUSIP: 61780F344<br>LEI: 5493003FCPSE9RKT4B56 | Long             | SN               | CORP              | US        |       215 | PA      | $21565.01     | 0.05%             | 2026-02-27      | Fixed         | 12.40%                | No            |                  2 | On Loan: No      |
| Best Buy Co., Inc.                                      | Best Buy Co., Inc.                                               | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       547 | NS      | $35609.70     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor plc                                               | Amcor plc                                                        | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | JE        |       198 | NS      | $8761.50      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** J.P. Morgan Exchange-Traded Fund Trust

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer