# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001895
**Filing Date:** 2025-9
**Character Count:** 301541
**Document Hash:** 22a3579f01a3b022a2a31e9ec201a34e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001895.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001895

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**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:** 251341907

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** (800) 480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

## Series and Classes Contracts Data

### JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (Series ID: S000068165)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000218319 | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | BBMC            |

## Nport-Ex

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**Schedule of Portfolio Investments as of July 31, 2025**

**(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., 2025. |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.2%** | **Common Stocks — 99.2%** | **Common Stocks — 99.2%** |
| **Aerospace & Defense — 2.7%** | **Aerospace & Defense — 2.7%** | **Aerospace & Defense — 2.7%** |
| &nbsp;&nbsp;&nbsp; Archer Aviation, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 207567 | &nbsp;&nbsp;&nbsp;&nbsp; 2081897 |
| &nbsp;&nbsp;&nbsp; ATI, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 65676 | &nbsp;&nbsp;&nbsp;&nbsp; 5053112 |
| &nbsp;&nbsp;&nbsp; BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43081 | &nbsp;&nbsp;&nbsp;&nbsp; 6545296 |
| &nbsp;&nbsp;&nbsp; Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 17732 | &nbsp;&nbsp;&nbsp;&nbsp; 8692581 |
| &nbsp;&nbsp;&nbsp; Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 37855 | &nbsp;&nbsp;&nbsp;&nbsp; 2267893 |
| &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18452 | &nbsp;&nbsp;&nbsp;&nbsp; 5145525 |
| &nbsp;&nbsp;&nbsp; Karman Holdings, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 16693 | &nbsp;&nbsp;&nbsp;&nbsp; 863028 |
| &nbsp;&nbsp;&nbsp; Leonardo DRS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34733 | &nbsp;&nbsp;&nbsp;&nbsp; 1444893 |
| &nbsp;&nbsp;&nbsp; Loar Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10845 | &nbsp;&nbsp;&nbsp;&nbsp; 801554 |
| &nbsp;&nbsp;&nbsp; Rocket Lab Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 164784 | &nbsp;&nbsp;&nbsp;&nbsp; 7566881 |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 52797 | &nbsp;&nbsp;&nbsp;&nbsp; 2080202 |
| &nbsp;&nbsp;&nbsp; StandardAero, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 52484 | &nbsp;&nbsp;&nbsp;&nbsp; 1498418 |
| &nbsp;&nbsp;&nbsp; Woodward, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27777 | &nbsp;&nbsp;&nbsp;&nbsp; 7140911 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 51182191 |
| **Air Freight & Logistics — 0.5%** | **Air Freight & Logistics — 0.5%** | **Air Freight & Logistics — 0.5%** |
| &nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 55490 | &nbsp;&nbsp;&nbsp;&nbsp; 6399107 |
| &nbsp;&nbsp;&nbsp; GXO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 54999 | &nbsp;&nbsp;&nbsp;&nbsp; 2734000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9133107 |
| **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** |
| &nbsp;&nbsp;&nbsp; Autoliv, Inc. (Sweden) | &nbsp;&nbsp;&nbsp;&nbsp; 31948 | &nbsp;&nbsp;&nbsp;&nbsp; 3563799 |
| &nbsp;&nbsp;&nbsp; BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 98141 | &nbsp;&nbsp;&nbsp;&nbsp; 3611589 |
| &nbsp;&nbsp;&nbsp; Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 99266 | &nbsp;&nbsp;&nbsp;&nbsp; 2622608 |
| &nbsp;&nbsp;&nbsp; Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 25205 | &nbsp;&nbsp;&nbsp;&nbsp; 2376579 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12174575 |
| **Automobiles — 0.4%** | **Automobiles — 0.4%** | **Automobiles — 0.4%** |
| &nbsp;&nbsp;&nbsp; Lucid Group, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 580430 | &nbsp;&nbsp;&nbsp;&nbsp; 1427858 |
| &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 358853 | &nbsp;&nbsp;&nbsp;&nbsp; 4618438 |
| &nbsp;&nbsp;&nbsp; Thor Industries, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 24102 | &nbsp;&nbsp;&nbsp;&nbsp; 2193041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8239337 |
| **Banks — 4.2%** | **Banks — 4.2%** | **Banks — 4.2%** |
| &nbsp;&nbsp;&nbsp; Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp; 47663 | &nbsp;&nbsp;&nbsp;&nbsp; 2349786 |
| &nbsp;&nbsp;&nbsp; BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 9577 | &nbsp;&nbsp;&nbsp;&nbsp; 972353 |
| &nbsp;&nbsp;&nbsp; Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp; 84873 | &nbsp;&nbsp;&nbsp;&nbsp; 2957824 |
| &nbsp;&nbsp;&nbsp; Columbia Banking System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 94259 | &nbsp;&nbsp;&nbsp;&nbsp; 2243364 |
| &nbsp;&nbsp;&nbsp; Comerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59658 | &nbsp;&nbsp;&nbsp;&nbsp; 4031091 |
| &nbsp;&nbsp;&nbsp; Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61475 | &nbsp;&nbsp;&nbsp;&nbsp; 3762270 |
| &nbsp;&nbsp;&nbsp; Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28340 | &nbsp;&nbsp;&nbsp;&nbsp; 3610799 |
| &nbsp;&nbsp;&nbsp; First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56692 | &nbsp;&nbsp;&nbsp;&nbsp; 1962677 |
| &nbsp;&nbsp;&nbsp; First Horizon Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 231387 | &nbsp;&nbsp;&nbsp;&nbsp; 5046551 |
| &nbsp;&nbsp;&nbsp; FNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 152184 | &nbsp;&nbsp;&nbsp;&nbsp; 2331459 |
| &nbsp;&nbsp;&nbsp; Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53433 | &nbsp;&nbsp;&nbsp;&nbsp; 2341968 |
| &nbsp;&nbsp;&nbsp; Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 38243 | &nbsp;&nbsp;&nbsp;&nbsp; 2283872 |
| &nbsp;&nbsp;&nbsp; Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 86771 | &nbsp;&nbsp;&nbsp;&nbsp; 2443471 |
| &nbsp;&nbsp;&nbsp; Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 136332 | &nbsp;&nbsp;&nbsp;&nbsp; 2877969 |
| &nbsp;&nbsp;&nbsp; Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35121 | &nbsp;&nbsp;&nbsp;&nbsp; 3086785 |
| &nbsp;&nbsp;&nbsp; Popular, Inc. (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 30297 | &nbsp;&nbsp;&nbsp;&nbsp; 3471430 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42571 | &nbsp;&nbsp;&nbsp;&nbsp; 2836080 |
| &nbsp;&nbsp;&nbsp; SouthState Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 45810 | &nbsp;&nbsp;&nbsp;&nbsp; 4313928 |
| &nbsp;&nbsp;&nbsp; Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 65472 | &nbsp;&nbsp;&nbsp;&nbsp; 3092897 |
| &nbsp;&nbsp;&nbsp; TFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24835 | &nbsp;&nbsp;&nbsp;&nbsp; 325587 |
| &nbsp;&nbsp;&nbsp; UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33772 | &nbsp;&nbsp;&nbsp;&nbsp; 3714582 |
| &nbsp;&nbsp;&nbsp; United Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66067 | &nbsp;&nbsp;&nbsp;&nbsp; 2346700 |
| &nbsp;&nbsp;&nbsp; Valley National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 210989 | &nbsp;&nbsp;&nbsp;&nbsp; 1955868 |
| &nbsp;&nbsp;&nbsp; Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 76296 | &nbsp;&nbsp;&nbsp;&nbsp; 4398465 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 51970 | &nbsp;&nbsp;&nbsp;&nbsp; 4030793 |
| &nbsp;&nbsp;&nbsp; Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29706 | &nbsp;&nbsp;&nbsp;&nbsp; 3801774 |
| &nbsp;&nbsp;&nbsp; Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp; 66602 | &nbsp;&nbsp;&nbsp;&nbsp; 3571199 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 80161542 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| &nbsp;&nbsp;&nbsp; Celsius Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 77002 | &nbsp;&nbsp;&nbsp;&nbsp; 3491271 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24607 | &nbsp;&nbsp;&nbsp;&nbsp; 2749832 |
| &nbsp;&nbsp;&nbsp; National Beverage Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12538 | &nbsp;&nbsp;&nbsp;&nbsp; 574491 |
| &nbsp;&nbsp;&nbsp; Primo Brands Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 96773 | &nbsp;&nbsp;&nbsp;&nbsp; 2671903 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9487497 |
| **Biotechnology — 3.7%** | **Biotechnology — 3.7%** | **Biotechnology — 3.7%** |
| &nbsp;&nbsp;&nbsp; Alkermes plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 74181 | &nbsp;&nbsp;&nbsp;&nbsp; 1965055 |
| &nbsp;&nbsp;&nbsp; Bridgebio Pharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 65963 | &nbsp;&nbsp;&nbsp;&nbsp; 3118071 |
| &nbsp;&nbsp;&nbsp; CRISPR Therapeutics AG (Switzerland) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 40615 | &nbsp;&nbsp;&nbsp;&nbsp; 2285000 |
| &nbsp;&nbsp;&nbsp; Cytokinetics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55307 | &nbsp;&nbsp;&nbsp;&nbsp; 2081755 |
| &nbsp;&nbsp;&nbsp; Exact Sciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 86583 | &nbsp;&nbsp;&nbsp;&nbsp; 4065072 |
| &nbsp;&nbsp;&nbsp; Exelixis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 118706 | &nbsp;&nbsp;&nbsp;&nbsp; 4299531 |
| &nbsp;&nbsp;&nbsp; Halozyme Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 58155 | &nbsp;&nbsp;&nbsp;&nbsp; 3487555 |
| &nbsp;&nbsp;&nbsp; Insmed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 84738 | &nbsp;&nbsp;&nbsp;&nbsp; 9090693 |
| &nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 69966 | &nbsp;&nbsp;&nbsp;&nbsp; 3007139 |
| &nbsp;&nbsp;&nbsp; Madrigal Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8626 | &nbsp;&nbsp;&nbsp;&nbsp; 2609451 |
| &nbsp;&nbsp;&nbsp; Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 61891 | &nbsp;&nbsp;&nbsp;&nbsp; 8272351 |
| &nbsp;&nbsp;&nbsp; Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46483 | &nbsp;&nbsp;&nbsp;&nbsp; 5960515 |
| &nbsp;&nbsp;&nbsp; Revolution Medicines, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 70788 | &nbsp;&nbsp;&nbsp;&nbsp; 2638269 |
| &nbsp;&nbsp;&nbsp; Roivant Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 181912 | &nbsp;&nbsp;&nbsp;&nbsp; 2066520 |
| &nbsp;&nbsp;&nbsp; Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44635 | &nbsp;&nbsp;&nbsp;&nbsp; 732907 |
| &nbsp;&nbsp;&nbsp; Summit Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 53169 | &nbsp;&nbsp;&nbsp;&nbsp; 1402067 |
| &nbsp;&nbsp;&nbsp; TG Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 68096 | &nbsp;&nbsp;&nbsp;&nbsp; 2417408 |
| &nbsp;&nbsp;&nbsp; Ultragenyx Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41812 | &nbsp;&nbsp;&nbsp;&nbsp; 1142304 |
| &nbsp;&nbsp;&nbsp; United Therapeutics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19492 | &nbsp;&nbsp;&nbsp;&nbsp; 5354452 |
| &nbsp;&nbsp;&nbsp; Vaxcyte, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 54016 | &nbsp;&nbsp;&nbsp;&nbsp; 1833843 |
| &nbsp;&nbsp;&nbsp; Viking Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 49802 | &nbsp;&nbsp;&nbsp;&nbsp; 1622051 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 69452009 |
| **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** |
| &nbsp;&nbsp;&nbsp; Dillard's, Inc., Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1865 | &nbsp;&nbsp;&nbsp;&nbsp; 870825 |
| &nbsp;&nbsp;&nbsp; Etsy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 49043 | &nbsp;&nbsp;&nbsp;&nbsp; 2857736 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Broadline Retail — continued** | **Broadline Retail — continued** | **Broadline Retail — continued** |
| &nbsp;&nbsp;&nbsp; Macy's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 123529 | &nbsp;&nbsp;&nbsp;&nbsp; 1560171 |
| &nbsp;&nbsp;&nbsp; Ollie's Bargain Outlet Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29048 | &nbsp;&nbsp;&nbsp;&nbsp; 3968828 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9257560 |
| **Building Products — 1.9%** | **Building Products — 1.9%** | **Building Products — 1.9%** |
| &nbsp;&nbsp;&nbsp; A O Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 53671 | &nbsp;&nbsp;&nbsp;&nbsp; 3799370 |
| &nbsp;&nbsp;&nbsp; AAON, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31767 | &nbsp;&nbsp;&nbsp;&nbsp; 2652544 |
| &nbsp;&nbsp;&nbsp; Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32491 | &nbsp;&nbsp;&nbsp;&nbsp; 3728342 |
| &nbsp;&nbsp;&nbsp; Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20423 | &nbsp;&nbsp;&nbsp;&nbsp; 3842996 |
| &nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20383 | &nbsp;&nbsp;&nbsp;&nbsp; 7230054 |
| &nbsp;&nbsp;&nbsp; Fortune Brands Innovations, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 54843 | &nbsp;&nbsp;&nbsp;&nbsp; 2991137 |
| &nbsp;&nbsp;&nbsp; Simpson Manufacturing Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19760 | &nbsp;&nbsp;&nbsp;&nbsp; 3545537 |
| &nbsp;&nbsp;&nbsp; Trex Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 50425 | &nbsp;&nbsp;&nbsp;&nbsp; 3239302 |
| &nbsp;&nbsp;&nbsp; UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28577 | &nbsp;&nbsp;&nbsp;&nbsp; 2800546 |
| &nbsp;&nbsp;&nbsp; Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 71279 | &nbsp;&nbsp;&nbsp;&nbsp; 3154096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 36983924 |
| **Capital Markets — 4.3%** | **Capital Markets — 4.3%** | **Capital Markets — 4.3%** |
| &nbsp;&nbsp;&nbsp; Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13483 | &nbsp;&nbsp;&nbsp;&nbsp; 2829677 |
| &nbsp;&nbsp;&nbsp; Blue Owl Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 271584 | &nbsp;&nbsp;&nbsp;&nbsp; 5255150 |
| &nbsp;&nbsp;&nbsp; Cohen & Steers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12980 | &nbsp;&nbsp;&nbsp;&nbsp; 954809 |
| &nbsp;&nbsp;&nbsp; Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17588 | &nbsp;&nbsp;&nbsp;&nbsp; 5296450 |
| &nbsp;&nbsp;&nbsp; Federated Hermes, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38008 | &nbsp;&nbsp;&nbsp;&nbsp; 1884057 |
| &nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 134737 | &nbsp;&nbsp;&nbsp;&nbsp; 3233688 |
| &nbsp;&nbsp;&nbsp; Freedom Holding Corp. (Kazakhstan) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 8570 | &nbsp;&nbsp;&nbsp;&nbsp; 1592434 |
| &nbsp;&nbsp;&nbsp; Hamilton Lane, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17971 | &nbsp;&nbsp;&nbsp;&nbsp; 2736983 |
| &nbsp;&nbsp;&nbsp; Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25459 | &nbsp;&nbsp;&nbsp;&nbsp; 4854013 |
| &nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 204193 | &nbsp;&nbsp;&nbsp;&nbsp; 13386894 |
| &nbsp;&nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 160808 | &nbsp;&nbsp;&nbsp;&nbsp; 3378576 |
| &nbsp;&nbsp;&nbsp; Janus Henderson Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 55982 | &nbsp;&nbsp;&nbsp;&nbsp; 2424021 |
| &nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 75132 | &nbsp;&nbsp;&nbsp;&nbsp; 4332111 |
| &nbsp;&nbsp;&nbsp; Lazard, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 41445 | &nbsp;&nbsp;&nbsp;&nbsp; 2154311 |
| &nbsp;&nbsp;&nbsp; MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17478 | &nbsp;&nbsp;&nbsp;&nbsp; 3591729 |
| &nbsp;&nbsp;&nbsp; Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11932 | &nbsp;&nbsp;&nbsp;&nbsp; 3298721 |
| &nbsp;&nbsp;&nbsp; SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp; 45288 | &nbsp;&nbsp;&nbsp;&nbsp; 3990779 |
| &nbsp;&nbsp;&nbsp; Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 47679 | &nbsp;&nbsp;&nbsp;&nbsp; 5441127 |
| &nbsp;&nbsp;&nbsp; TPG, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 47008 | &nbsp;&nbsp;&nbsp;&nbsp; 2682747 |
| &nbsp;&nbsp;&nbsp; Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 54632 | &nbsp;&nbsp;&nbsp;&nbsp; 7569264 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 80887541 |
| **Chemicals — 2.2%** | **Chemicals — 2.2%** | **Chemicals — 2.2%** |
| &nbsp;&nbsp;&nbsp; Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 55190 | &nbsp;&nbsp;&nbsp;&nbsp; 3744642 |
| &nbsp;&nbsp;&nbsp; Avient Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 41068 | &nbsp;&nbsp;&nbsp;&nbsp; 1296517 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 97178 | &nbsp;&nbsp;&nbsp;&nbsp; 2752081 |
| &nbsp;&nbsp;&nbsp; Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 15340 | &nbsp;&nbsp;&nbsp;&nbsp; 2338890 |
| &nbsp;&nbsp;&nbsp; Cabot Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 23890 | &nbsp;&nbsp;&nbsp;&nbsp; 1724380 |
| &nbsp;&nbsp;&nbsp; Celanese Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 48500 | &nbsp;&nbsp;&nbsp;&nbsp; 2533155 |
| &nbsp;&nbsp;&nbsp; Eastman Chemical Co. | &nbsp;&nbsp;&nbsp;&nbsp; 54300 | &nbsp;&nbsp;&nbsp;&nbsp; 3942723 |
| &nbsp;&nbsp;&nbsp; Element Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 102999 | &nbsp;&nbsp;&nbsp;&nbsp; 2430776 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chemicals — continued** | **Chemicals — continued** | **Chemicals — continued** |
| &nbsp;&nbsp;&nbsp; FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 54029 | &nbsp;&nbsp;&nbsp;&nbsp; 2109292 |
| &nbsp;&nbsp;&nbsp; HB Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp; 24515 | &nbsp;&nbsp;&nbsp;&nbsp; 1377743 |
| &nbsp;&nbsp;&nbsp; Mosaic Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 144408 | &nbsp;&nbsp;&nbsp;&nbsp; 5200132 |
| &nbsp;&nbsp;&nbsp; NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3397 | &nbsp;&nbsp;&nbsp;&nbsp; 2333739 |
| &nbsp;&nbsp;&nbsp; RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60648 | &nbsp;&nbsp;&nbsp;&nbsp; 7120682 |
| &nbsp;&nbsp;&nbsp; Scotts Miracle-Gro Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 20448 | &nbsp;&nbsp;&nbsp;&nbsp; 1281272 |
| &nbsp;&nbsp;&nbsp; Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19870 | &nbsp;&nbsp;&nbsp;&nbsp; 2231202 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 42417226 |
| **Commercial Services & Supplies — 0.9%** | **Commercial Services & Supplies — 0.9%** | **Commercial Services & Supplies — 0.9%** |
| &nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 29352 | &nbsp;&nbsp;&nbsp;&nbsp; 3191443 |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24009 | &nbsp;&nbsp;&nbsp;&nbsp; 5661562 |
| &nbsp;&nbsp;&nbsp; MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17487 | &nbsp;&nbsp;&nbsp;&nbsp; 3110413 |
| &nbsp;&nbsp;&nbsp; Tetra Tech, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 118060 | &nbsp;&nbsp;&nbsp;&nbsp; 4337524 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16300942 |
| **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** |
| &nbsp;&nbsp;&nbsp; Ciena Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 66583 | &nbsp;&nbsp;&nbsp;&nbsp; 6181566 |
| &nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32479 | &nbsp;&nbsp;&nbsp;&nbsp; 3575288 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9756854 |
| **Construction & Engineering — 2.9%** | **Construction & Engineering — 2.9%** | **Construction & Engineering — 2.9%** |
| &nbsp;&nbsp;&nbsp; AECOM | &nbsp;&nbsp;&nbsp;&nbsp; 60277 | &nbsp;&nbsp;&nbsp;&nbsp; 6795629 |
| &nbsp;&nbsp;&nbsp; API Group Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 145799 | &nbsp;&nbsp;&nbsp;&nbsp; 5258970 |
| &nbsp;&nbsp;&nbsp; Arcosa, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21622 | &nbsp;&nbsp;&nbsp;&nbsp; 1856897 |
| &nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16590 | &nbsp;&nbsp;&nbsp;&nbsp; 11667747 |
| &nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20958 | &nbsp;&nbsp;&nbsp;&nbsp; 13150935 |
| &nbsp;&nbsp;&nbsp; Fluor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 74347 | &nbsp;&nbsp;&nbsp;&nbsp; 4220679 |
| &nbsp;&nbsp;&nbsp; MasTec, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28824 | &nbsp;&nbsp;&nbsp;&nbsp; 5453789 |
| &nbsp;&nbsp;&nbsp; Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9450 | &nbsp;&nbsp;&nbsp;&nbsp; 3439328 |
| &nbsp;&nbsp;&nbsp; WillScot Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 86288 | &nbsp;&nbsp;&nbsp;&nbsp; 2532553 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 54376527 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp; Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15655 | &nbsp;&nbsp;&nbsp;&nbsp; 3511260 |
| **Consumer Finance — 1.4%** | **Consumer Finance — 1.4%** | **Consumer Finance — 1.4%** |
| &nbsp;&nbsp;&nbsp; Ally Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 129826 | &nbsp;&nbsp;&nbsp;&nbsp; 4913914 |
| &nbsp;&nbsp;&nbsp; Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2508 | &nbsp;&nbsp;&nbsp;&nbsp; 1229622 |
| &nbsp;&nbsp;&nbsp; FirstCash Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18795 | &nbsp;&nbsp;&nbsp;&nbsp; 2505186 |
| &nbsp;&nbsp;&nbsp; OneMain Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56334 | &nbsp;&nbsp;&nbsp;&nbsp; 3255542 |
| &nbsp;&nbsp;&nbsp; SLM Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 92959 | &nbsp;&nbsp;&nbsp;&nbsp; 2956096 |
| &nbsp;&nbsp;&nbsp; SoFi Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 507429 | &nbsp;&nbsp;&nbsp;&nbsp; 11457747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26318107 |
| **Consumer Staples Distribution & Retail — 2.6%** | **Consumer Staples Distribution & Retail — 2.6%** | **Consumer Staples Distribution & Retail — 2.6%** |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 177755 | &nbsp;&nbsp;&nbsp;&nbsp; 3416451 |
| &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 54667 | &nbsp;&nbsp;&nbsp;&nbsp; 5789235 |
| &nbsp;&nbsp;&nbsp; Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17138 | &nbsp;&nbsp;&nbsp;&nbsp; 8913988 |
| &nbsp;&nbsp;&nbsp; Maplebear, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 86627 | &nbsp;&nbsp;&nbsp;&nbsp; 4155497 |
| &nbsp;&nbsp;&nbsp; Performance Food Group Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73105 | &nbsp;&nbsp;&nbsp;&nbsp; 7339742 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Consumer Staples Distribution & Retail — continued** | **Consumer Staples Distribution & Retail — continued** | **Consumer Staples Distribution & Retail — continued** |
| &nbsp;&nbsp;&nbsp; Sprouts Farmers Market, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46173 | &nbsp;&nbsp;&nbsp;&nbsp; 6997057 |
| &nbsp;&nbsp;&nbsp; US Foods Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 107860 | &nbsp;&nbsp;&nbsp;&nbsp; 8987974 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 337086 | &nbsp;&nbsp;&nbsp;&nbsp; 3923681 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 49523625 |
| **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** |
| &nbsp;&nbsp;&nbsp; AptarGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30905 | &nbsp;&nbsp;&nbsp;&nbsp; 4856412 |
| &nbsp;&nbsp;&nbsp; Graphic Packaging Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 129400 | &nbsp;&nbsp;&nbsp;&nbsp; 2893384 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 66399 | &nbsp;&nbsp;&nbsp;&nbsp; 1943499 |
| &nbsp;&nbsp;&nbsp; Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 41654 | &nbsp;&nbsp;&nbsp;&nbsp; 1938160 |
| &nbsp;&nbsp;&nbsp; Sonoco Products Co. | &nbsp;&nbsp;&nbsp;&nbsp; 45976 | &nbsp;&nbsp;&nbsp;&nbsp; 2072138 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13703593 |
| **Distributors — 0.2%** | **Distributors — 0.2%** | **Distributors — 0.2%** |
| &nbsp;&nbsp;&nbsp; LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 121284 | &nbsp;&nbsp;&nbsp;&nbsp; 3574239 |
| **Diversified Consumer Services — 1.1%** | **Diversified Consumer Services — 1.1%** | **Diversified Consumer Services — 1.1%** |
| &nbsp;&nbsp;&nbsp; ADT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 162463 | &nbsp;&nbsp;&nbsp;&nbsp; 1356566 |
| &nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26005 | &nbsp;&nbsp;&nbsp;&nbsp; 2941166 |
| &nbsp;&nbsp;&nbsp; Duolingo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18325 | &nbsp;&nbsp;&nbsp;&nbsp; 6350529 |
| &nbsp;&nbsp;&nbsp; Grand Canyon Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13160 | &nbsp;&nbsp;&nbsp;&nbsp; 2219171 |
| &nbsp;&nbsp;&nbsp; H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 62948 | &nbsp;&nbsp;&nbsp;&nbsp; 3420594 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | &nbsp;&nbsp;&nbsp;&nbsp; 66885 | &nbsp;&nbsp;&nbsp;&nbsp; 5103994 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21392020 |
| **Diversified REITs — 0.2%** | **Diversified REITs — 0.2%** | **Diversified REITs — 0.2%** |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 93075 | &nbsp;&nbsp;&nbsp;&nbsp; 2837857 |
| **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; AST SpaceMobile, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 97197 | &nbsp;&nbsp;&nbsp;&nbsp; 5167964 |
| &nbsp;&nbsp;&nbsp; Frontier Communications Parent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 102955 | &nbsp;&nbsp;&nbsp;&nbsp; 3782567 |
| &nbsp;&nbsp;&nbsp; Liberty Global Ltd., Class A (Belgium) \* | &nbsp;&nbsp;&nbsp;&nbsp; 78046 | &nbsp;&nbsp;&nbsp;&nbsp; 782021 |
| &nbsp;&nbsp;&nbsp; Liberty Global Ltd., Class C (Belgium) \* | &nbsp;&nbsp;&nbsp;&nbsp; 66695 | &nbsp;&nbsp;&nbsp;&nbsp; 682290 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 428479 | &nbsp;&nbsp;&nbsp;&nbsp; 1906732 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12321574 |
| **Electric Utilities — 1.1%** | **Electric Utilities — 1.1%** | **Electric Utilities — 1.1%** |
| &nbsp;&nbsp;&nbsp; ALLETE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27085 | &nbsp;&nbsp;&nbsp;&nbsp; 1785714 |
| &nbsp;&nbsp;&nbsp; IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24209 | &nbsp;&nbsp;&nbsp;&nbsp; 3034114 |
| &nbsp;&nbsp;&nbsp; OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 94383 | &nbsp;&nbsp;&nbsp;&nbsp; 4286876 |
| &nbsp;&nbsp;&nbsp; Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19479 | &nbsp;&nbsp;&nbsp;&nbsp; 1503389 |
| &nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 56179 | &nbsp;&nbsp;&nbsp;&nbsp; 5090941 |
| &nbsp;&nbsp;&nbsp; Portland General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp; 51555 | &nbsp;&nbsp;&nbsp;&nbsp; 2119942 |
| &nbsp;&nbsp;&nbsp; TXNM Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43140 | &nbsp;&nbsp;&nbsp;&nbsp; 2449920 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20270896 |
| **Electrical Equipment — 1.5%** | **Electrical Equipment — 1.5%** | **Electrical Equipment — 1.5%** |
| &nbsp;&nbsp;&nbsp; Acuity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14117 | &nbsp;&nbsp;&nbsp;&nbsp; 4395328 |
| &nbsp;&nbsp;&nbsp; EnerSys | &nbsp;&nbsp;&nbsp;&nbsp; 17855 | &nbsp;&nbsp;&nbsp;&nbsp; 1649266 |
| &nbsp;&nbsp;&nbsp; Generac Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28064 | &nbsp;&nbsp;&nbsp;&nbsp; 5463780 |
| &nbsp;&nbsp;&nbsp; NEXTracker, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 67586 | &nbsp;&nbsp;&nbsp;&nbsp; 3937560 |
| &nbsp;&nbsp;&nbsp; nVent Electric plc | &nbsp;&nbsp;&nbsp;&nbsp; 77793 | &nbsp;&nbsp;&nbsp;&nbsp; 6100527 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Electrical Equipment — continued** | **Electrical Equipment — continued** | **Electrical Equipment — continued** |
| &nbsp;&nbsp;&nbsp; Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 31204 | &nbsp;&nbsp;&nbsp;&nbsp; 4770468 |
| &nbsp;&nbsp;&nbsp; Sensata Technologies Holding plc | &nbsp;&nbsp;&nbsp;&nbsp; 67515 | &nbsp;&nbsp;&nbsp;&nbsp; 2076762 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28393691 |
| **Electronic Equipment, Instruments & Components — 3.0%** | **Electronic Equipment, Instruments & Components — 3.0%** | **Electronic Equipment, Instruments & Components — 3.0%** |
| &nbsp;&nbsp;&nbsp; Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17776 | &nbsp;&nbsp;&nbsp;&nbsp; 2469442 |
| &nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22291 | &nbsp;&nbsp;&nbsp;&nbsp; 2585756 |
| &nbsp;&nbsp;&nbsp; Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 40683 | &nbsp;&nbsp;&nbsp;&nbsp; 2153758 |
| &nbsp;&nbsp;&nbsp; Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13802 | &nbsp;&nbsp;&nbsp;&nbsp; 2605266 |
| &nbsp;&nbsp;&nbsp; Belden, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18079 | &nbsp;&nbsp;&nbsp;&nbsp; 2235468 |
| &nbsp;&nbsp;&nbsp; Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 75823 | &nbsp;&nbsp;&nbsp;&nbsp; 3091304 |
| &nbsp;&nbsp;&nbsp; Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 72223 | &nbsp;&nbsp;&nbsp;&nbsp; 7771195 |
| &nbsp;&nbsp;&nbsp; Fabrinet (Thailand) \* | &nbsp;&nbsp;&nbsp;&nbsp; 17103 | &nbsp;&nbsp;&nbsp;&nbsp; 5536754 |
| &nbsp;&nbsp;&nbsp; Insight Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13097 | &nbsp;&nbsp;&nbsp;&nbsp; 1553042 |
| &nbsp;&nbsp;&nbsp; Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46943 | &nbsp;&nbsp;&nbsp;&nbsp; 10476269 |
| &nbsp;&nbsp;&nbsp; Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11723 | &nbsp;&nbsp;&nbsp;&nbsp; 3016680 |
| &nbsp;&nbsp;&nbsp; Novanta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16791 | &nbsp;&nbsp;&nbsp;&nbsp; 2065629 |
| &nbsp;&nbsp;&nbsp; Sanmina Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23355 | &nbsp;&nbsp;&nbsp;&nbsp; 2710114 |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35236 | &nbsp;&nbsp;&nbsp;&nbsp; 5087726 |
| &nbsp;&nbsp;&nbsp; Vontier Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 69754 | &nbsp;&nbsp;&nbsp;&nbsp; 2892698 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 56251101 |
| **Energy Equipment & Services — 0.6%** | **Energy Equipment & Services — 0.6%** | **Energy Equipment & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; NOV, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 170586 | &nbsp;&nbsp;&nbsp;&nbsp; 2145972 |
| &nbsp;&nbsp;&nbsp; TechnipFMC plc (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp; 194820 | &nbsp;&nbsp;&nbsp;&nbsp; 7085603 |
| &nbsp;&nbsp;&nbsp; Weatherford International plc | &nbsp;&nbsp;&nbsp;&nbsp; 34438 | &nbsp;&nbsp;&nbsp;&nbsp; 1947469 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11179044 |
| **Entertainment — 0.8%** | **Entertainment — 0.8%** | **Entertainment — 0.8%** |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7946 | &nbsp;&nbsp;&nbsp;&nbsp; 1605886 |
| &nbsp;&nbsp;&nbsp; Roku, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 60242 | &nbsp;&nbsp;&nbsp;&nbsp; 5672387 |
| &nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32205 | &nbsp;&nbsp;&nbsp;&nbsp; 5410762 |
| &nbsp;&nbsp;&nbsp; Warner Music Group Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 64904 | &nbsp;&nbsp;&nbsp;&nbsp; 1899091 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14588126 |
| **Financial Services — 2.6%** | **Financial Services — 2.6%** | **Financial Services — 2.6%** |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 125297 | &nbsp;&nbsp;&nbsp;&nbsp; 8590362 |
| &nbsp;&nbsp;&nbsp; Enact Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14839 | &nbsp;&nbsp;&nbsp;&nbsp; 515804 |
| &nbsp;&nbsp;&nbsp; Essent Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 46317 | &nbsp;&nbsp;&nbsp;&nbsp; 2593289 |
| &nbsp;&nbsp;&nbsp; Euronet Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19110 | &nbsp;&nbsp;&nbsp;&nbsp; 1857110 |
| &nbsp;&nbsp;&nbsp; Jackson Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 33532 | &nbsp;&nbsp;&nbsp;&nbsp; 2936062 |
| &nbsp;&nbsp;&nbsp; MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 106745 | &nbsp;&nbsp;&nbsp;&nbsp; 2764695 |
| &nbsp;&nbsp;&nbsp; Mr. Cooper Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27258 | &nbsp;&nbsp;&nbsp;&nbsp; 4244616 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13340 | &nbsp;&nbsp;&nbsp;&nbsp; 1242488 |
| &nbsp;&nbsp;&nbsp; Radian Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66348 | &nbsp;&nbsp;&nbsp;&nbsp; 2163608 |
| &nbsp;&nbsp;&nbsp; Remitly Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73197 | &nbsp;&nbsp;&nbsp;&nbsp; 1207751 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 31064 | &nbsp;&nbsp;&nbsp;&nbsp; 3199592 |
| &nbsp;&nbsp;&nbsp; Toast, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 233380 | &nbsp;&nbsp;&nbsp;&nbsp; 11398279 |
| &nbsp;&nbsp;&nbsp; Voya Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45202 | &nbsp;&nbsp;&nbsp;&nbsp; 3164140 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Financial Services — continued** | **Financial Services — continued** | **Financial Services — continued** |
| &nbsp;&nbsp;&nbsp; Western Union Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 155444 | &nbsp;&nbsp;&nbsp;&nbsp; 1251324 |
| &nbsp;&nbsp;&nbsp; WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14797 | &nbsp;&nbsp;&nbsp;&nbsp; 2510755 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 49639875 |
| **Food Products — 1.3%** | **Food Products — 1.3%** | **Food Products — 1.3%** |
| &nbsp;&nbsp;&nbsp; Bunge Global SA | &nbsp;&nbsp;&nbsp;&nbsp; 62941 | &nbsp;&nbsp;&nbsp;&nbsp; 5020174 |
| &nbsp;&nbsp;&nbsp; Darling Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 69088 | &nbsp;&nbsp;&nbsp;&nbsp; 2237069 |
| &nbsp;&nbsp;&nbsp; Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 94215 | &nbsp;&nbsp;&nbsp;&nbsp; 1493308 |
| &nbsp;&nbsp;&nbsp; Freshpet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21512 | &nbsp;&nbsp;&nbsp;&nbsp; 1469700 |
| &nbsp;&nbsp;&nbsp; Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29058 | &nbsp;&nbsp;&nbsp;&nbsp; 3822289 |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61246 | &nbsp;&nbsp;&nbsp;&nbsp; 3495309 |
| &nbsp;&nbsp;&nbsp; Marzetti Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 9583 | &nbsp;&nbsp;&nbsp;&nbsp; 1703474 |
| &nbsp;&nbsp;&nbsp; Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19527 | &nbsp;&nbsp;&nbsp;&nbsp; 925385 |
| &nbsp;&nbsp;&nbsp; Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23529 | &nbsp;&nbsp;&nbsp;&nbsp; 2489603 |
| &nbsp;&nbsp;&nbsp; Simply Good Foods Co. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 40749 | &nbsp;&nbsp;&nbsp;&nbsp; 1241215 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23897526 |
| **Gas Utilities — 0.9%** | **Gas Utilities — 0.9%** | **Gas Utilities — 0.9%** |
| &nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 92123 | &nbsp;&nbsp;&nbsp;&nbsp; 1589122 |
| &nbsp;&nbsp;&nbsp; National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp; 42615 | &nbsp;&nbsp;&nbsp;&nbsp; 3698556 |
| &nbsp;&nbsp;&nbsp; New Jersey Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 45748 | &nbsp;&nbsp;&nbsp;&nbsp; 2100291 |
| &nbsp;&nbsp;&nbsp; ONE Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26918 | &nbsp;&nbsp;&nbsp;&nbsp; 1956938 |
| &nbsp;&nbsp;&nbsp; Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27738 | &nbsp;&nbsp;&nbsp;&nbsp; 2167447 |
| &nbsp;&nbsp;&nbsp; Spire, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27275 | &nbsp;&nbsp;&nbsp;&nbsp; 2031169 |
| &nbsp;&nbsp;&nbsp; UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 101228 | &nbsp;&nbsp;&nbsp;&nbsp; 3662429 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17205952 |
| **Ground Transportation — 1.4%** | **Ground Transportation — 1.4%** | **Ground Transportation — 1.4%** |
| &nbsp;&nbsp;&nbsp; Avis Budget Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8207 | &nbsp;&nbsp;&nbsp;&nbsp; 1397160 |
| &nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 73914 | &nbsp;&nbsp;&nbsp;&nbsp; 3141345 |
| &nbsp;&nbsp;&nbsp; Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16435 | &nbsp;&nbsp;&nbsp;&nbsp; 2191936 |
| &nbsp;&nbsp;&nbsp; Lyft, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 184360 | &nbsp;&nbsp;&nbsp;&nbsp; 2592102 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19131 | &nbsp;&nbsp;&nbsp;&nbsp; 3399770 |
| &nbsp;&nbsp;&nbsp; Saia, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12485 | &nbsp;&nbsp;&nbsp;&nbsp; 3773466 |
| &nbsp;&nbsp;&nbsp; U-Haul Holding Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3585 | &nbsp;&nbsp;&nbsp;&nbsp; 207428 |
| &nbsp;&nbsp;&nbsp; U-Haul Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 45630 | &nbsp;&nbsp;&nbsp;&nbsp; 2372760 |
| &nbsp;&nbsp;&nbsp; XPO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55450 | &nbsp;&nbsp;&nbsp;&nbsp; 6670080 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25746047 |
| **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** |
| &nbsp;&nbsp;&nbsp; Glaukos Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24964 | &nbsp;&nbsp;&nbsp;&nbsp; 2149151 |
| &nbsp;&nbsp;&nbsp; Globus Medical, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 54191 | &nbsp;&nbsp;&nbsp;&nbsp; 2852072 |
| &nbsp;&nbsp;&nbsp; Haemonetics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22381 | &nbsp;&nbsp;&nbsp;&nbsp; 1657089 |
| &nbsp;&nbsp;&nbsp; Inspire Medical Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13885 | &nbsp;&nbsp;&nbsp;&nbsp; 1729238 |
| &nbsp;&nbsp;&nbsp; Lantheus Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 31847 | &nbsp;&nbsp;&nbsp;&nbsp; 2267188 |
| &nbsp;&nbsp;&nbsp; Masimo Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22179 | &nbsp;&nbsp;&nbsp;&nbsp; 3410908 |
| &nbsp;&nbsp;&nbsp; Merit Medical Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27822 | &nbsp;&nbsp;&nbsp;&nbsp; 2360975 |
| &nbsp;&nbsp;&nbsp; Penumbra, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17515 | &nbsp;&nbsp;&nbsp;&nbsp; 4418509 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Health Care Equipment & Supplies — continued** | **Health Care Equipment & Supplies — continued** | **Health Care Equipment & Supplies — continued** |
| &nbsp;&nbsp;&nbsp; Solventum Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 65191 | &nbsp;&nbsp;&nbsp;&nbsp; 4652030 |
| &nbsp;&nbsp;&nbsp; Teleflex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21828 | &nbsp;&nbsp;&nbsp;&nbsp; 2608446 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28105606 |
| **Health Care Providers & Services — 2.3%** | **Health Care Providers & Services — 2.3%** | **Health Care Providers & Services — 2.3%** |
| &nbsp;&nbsp;&nbsp; Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6866 | &nbsp;&nbsp;&nbsp;&nbsp; 2830852 |
| &nbsp;&nbsp;&nbsp; CorVel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13881 | &nbsp;&nbsp;&nbsp;&nbsp; 1229857 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18980 | &nbsp;&nbsp;&nbsp;&nbsp; 2664223 |
| &nbsp;&nbsp;&nbsp; Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 45348 | &nbsp;&nbsp;&nbsp;&nbsp; 4993268 |
| &nbsp;&nbsp;&nbsp; Ensign Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 27128 | &nbsp;&nbsp;&nbsp;&nbsp; 4069200 |
| &nbsp;&nbsp;&nbsp; HealthEquity, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40108 | &nbsp;&nbsp;&nbsp;&nbsp; 3890476 |
| &nbsp;&nbsp;&nbsp; Henry Schein, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 49592 | &nbsp;&nbsp;&nbsp;&nbsp; 3354899 |
| &nbsp;&nbsp;&nbsp; Hims & Hers Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 95669 | &nbsp;&nbsp;&nbsp;&nbsp; 6331374 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 77087 | &nbsp;&nbsp;&nbsp;&nbsp; 2262503 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44027 | &nbsp;&nbsp;&nbsp;&nbsp; 7100675 |
| &nbsp;&nbsp;&nbsp; Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 26299 | &nbsp;&nbsp;&nbsp;&nbsp; 4377468 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 43104795 |
| **Health Care REITs — 0.4%** | **Health Care REITs — 0.4%** | **Health Care REITs — 0.4%** |
| &nbsp;&nbsp;&nbsp; Healthcare Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 160822 | &nbsp;&nbsp;&nbsp;&nbsp; 2470226 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 135044 | &nbsp;&nbsp;&nbsp;&nbsp; 5253212 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7723438 |
| **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** |
| &nbsp;&nbsp;&nbsp; Doximity, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 61213 | &nbsp;&nbsp;&nbsp;&nbsp; 3596264 |
| &nbsp;&nbsp;&nbsp; Waystar Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37465 | &nbsp;&nbsp;&nbsp;&nbsp; 1385455 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4981719 |
| **Hotel & Resort REITs — 0.4%** | **Hotel & Resort REITs — 0.4%** | **Hotel & Resort REITs — 0.4%** |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 329436 | &nbsp;&nbsp;&nbsp;&nbsp; 5178734 |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27461 | &nbsp;&nbsp;&nbsp;&nbsp; 2610443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7789177 |
| **Hotels, Restaurants & Leisure — 4.1%** | **Hotels, Restaurants & Leisure — 4.1%** | **Hotels, Restaurants & Leisure — 4.1%** |
| &nbsp;&nbsp;&nbsp; Aramark | &nbsp;&nbsp;&nbsp;&nbsp; 123303 | &nbsp;&nbsp;&nbsp;&nbsp; 5247776 |
| &nbsp;&nbsp;&nbsp; Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27452 | &nbsp;&nbsp;&nbsp;&nbsp; 2330675 |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 95972 | &nbsp;&nbsp;&nbsp;&nbsp; 2560533 |
| &nbsp;&nbsp;&nbsp; Cava Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46108 | &nbsp;&nbsp;&nbsp;&nbsp; 4057965 |
| &nbsp;&nbsp;&nbsp; Choice Hotels International, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 12754 | &nbsp;&nbsp;&nbsp;&nbsp; 1628813 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32575 | &nbsp;&nbsp;&nbsp;&nbsp; 3486828 |
| &nbsp;&nbsp;&nbsp; DraftKings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 229472 | &nbsp;&nbsp;&nbsp;&nbsp; 10335419 |
| &nbsp;&nbsp;&nbsp; Dutch Bros, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 53853 | &nbsp;&nbsp;&nbsp;&nbsp; 3191867 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27923 | &nbsp;&nbsp;&nbsp;&nbsp; 1251509 |
| &nbsp;&nbsp;&nbsp; Hyatt Hotels Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 18992 | &nbsp;&nbsp;&nbsp;&nbsp; 2677302 |
| &nbsp;&nbsp;&nbsp; Life Time Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 56939 | &nbsp;&nbsp;&nbsp;&nbsp; 1635288 |
| &nbsp;&nbsp;&nbsp; Light & Wonder, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39938 | &nbsp;&nbsp;&nbsp;&nbsp; 3846828 |
| &nbsp;&nbsp;&nbsp; MGM Resorts International \* | &nbsp;&nbsp;&nbsp;&nbsp; 93620 | &nbsp;&nbsp;&nbsp;&nbsp; 3412449 |
| &nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 208483 | &nbsp;&nbsp;&nbsp;&nbsp; 5328825 |
| &nbsp;&nbsp;&nbsp; Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 38216 | &nbsp;&nbsp;&nbsp;&nbsp; 4172805 |
| &nbsp;&nbsp;&nbsp; Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31439 | &nbsp;&nbsp;&nbsp;&nbsp; 5820302 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hotels, Restaurants & Leisure — continued** | **Hotels, Restaurants & Leisure — continued** | **Hotels, Restaurants & Leisure — continued** |
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co. | &nbsp;&nbsp;&nbsp;&nbsp; 30108 | &nbsp;&nbsp;&nbsp;&nbsp; 1783899 |
| &nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16627 | &nbsp;&nbsp;&nbsp;&nbsp; 2498373 |
| &nbsp;&nbsp;&nbsp; Wingstop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13149 | &nbsp;&nbsp;&nbsp;&nbsp; 4961644 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34405 | &nbsp;&nbsp;&nbsp;&nbsp; 2958830 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 39323 | &nbsp;&nbsp;&nbsp;&nbsp; 4287387 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 77475317 |
| **Household Durables — 1.7%** | **Household Durables — 1.7%** | **Household Durables — 1.7%** |
| &nbsp;&nbsp;&nbsp; Champion Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25115 | &nbsp;&nbsp;&nbsp;&nbsp; 1529504 |
| &nbsp;&nbsp;&nbsp; Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10917 | &nbsp;&nbsp;&nbsp;&nbsp; 2208400 |
| &nbsp;&nbsp;&nbsp; KB Home | &nbsp;&nbsp;&nbsp;&nbsp; 29240 | &nbsp;&nbsp;&nbsp;&nbsp; 1615802 |
| &nbsp;&nbsp;&nbsp; Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33714 | &nbsp;&nbsp;&nbsp;&nbsp; 2270301 |
| &nbsp;&nbsp;&nbsp; Mohawk Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23244 | &nbsp;&nbsp;&nbsp;&nbsp; 2661670 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 87873 | &nbsp;&nbsp;&nbsp;&nbsp; 6360248 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47250 | &nbsp;&nbsp;&nbsp;&nbsp; 2800980 |
| &nbsp;&nbsp;&nbsp; Toll Brothers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46858 | &nbsp;&nbsp;&nbsp;&nbsp; 5546113 |
| &nbsp;&nbsp;&nbsp; TopBuild Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13347 | &nbsp;&nbsp;&nbsp;&nbsp; 4944129 |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 26153 | &nbsp;&nbsp;&nbsp;&nbsp; 2171745 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 32108892 |
| **Household Products — 0.0% ^** | **Household Products — 0.0% ^** | **Household Products — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Reynolds Consumer Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25632 | &nbsp;&nbsp;&nbsp;&nbsp; 576464 |
| **Independent Power and Renewable Electricity Producers — 0.8%** | **Independent Power and Renewable Electricity Producers — 0.8%** | **Independent Power and Renewable Electricity Producers — 0.8%** |
| &nbsp;&nbsp;&nbsp; AES Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 334223 | &nbsp;&nbsp;&nbsp;&nbsp; 4395032 |
| &nbsp;&nbsp;&nbsp; Clearway Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15757 | &nbsp;&nbsp;&nbsp;&nbsp; 485001 |
| &nbsp;&nbsp;&nbsp; Clearway Energy, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp; 38786 | &nbsp;&nbsp;&nbsp;&nbsp; 1265587 |
| &nbsp;&nbsp;&nbsp; Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26991 | &nbsp;&nbsp;&nbsp;&nbsp; 2413265 |
| &nbsp;&nbsp;&nbsp; Talen Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19687 | &nbsp;&nbsp;&nbsp;&nbsp; 7433221 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15992106 |
| **Industrial REITs — 1.0%** | **Industrial REITs — 1.0%** | **Industrial REITs — 1.0%** |
| &nbsp;&nbsp;&nbsp; Americold Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 117573 | &nbsp;&nbsp;&nbsp;&nbsp; 1890574 |
| &nbsp;&nbsp;&nbsp; EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24673 | &nbsp;&nbsp;&nbsp;&nbsp; 4027620 |
| &nbsp;&nbsp;&nbsp; First Industrial Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56910 | &nbsp;&nbsp;&nbsp;&nbsp; 2772655 |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 111312 | &nbsp;&nbsp;&nbsp;&nbsp; 4066227 |
| &nbsp;&nbsp;&nbsp; STAG Industrial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 87941 | &nbsp;&nbsp;&nbsp;&nbsp; 3019015 |
| &nbsp;&nbsp;&nbsp; Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 47575 | &nbsp;&nbsp;&nbsp;&nbsp; 2639937 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18416028 |
| **Insurance — 3.6%** | **Insurance — 3.6%** | **Insurance — 3.6%** |
| &nbsp;&nbsp;&nbsp; American Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33715 | &nbsp;&nbsp;&nbsp;&nbsp; 4211004 |
| &nbsp;&nbsp;&nbsp; Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23911 | &nbsp;&nbsp;&nbsp;&nbsp; 4478530 |
| &nbsp;&nbsp;&nbsp; Assured Guaranty Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 22498 | &nbsp;&nbsp;&nbsp;&nbsp; 1902881 |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 35655 | &nbsp;&nbsp;&nbsp;&nbsp; 3345865 |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27518 | &nbsp;&nbsp;&nbsp;&nbsp; 1316736 |
| &nbsp;&nbsp;&nbsp; Erie Indemnity Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 11862 | &nbsp;&nbsp;&nbsp;&nbsp; 4225719 |
| &nbsp;&nbsp;&nbsp; First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 46532 | &nbsp;&nbsp;&nbsp;&nbsp; 2794247 |
| &nbsp;&nbsp;&nbsp; Globe Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 36786 | &nbsp;&nbsp;&nbsp;&nbsp; 5167329 |
| &nbsp;&nbsp;&nbsp; Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 16229 | &nbsp;&nbsp;&nbsp;&nbsp; 2785383 |
| &nbsp;&nbsp;&nbsp; Kemper Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26788 | &nbsp;&nbsp;&nbsp;&nbsp; 1649873 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Insurance — continued** | **Insurance — continued** | **Insurance — continued** |
| &nbsp;&nbsp;&nbsp; Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10418 | &nbsp;&nbsp;&nbsp;&nbsp; 4591108 |
| &nbsp;&nbsp;&nbsp; Lincoln National Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 79391 | &nbsp;&nbsp;&nbsp;&nbsp; 3025591 |
| &nbsp;&nbsp;&nbsp; Old Republic International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 108319 | &nbsp;&nbsp;&nbsp;&nbsp; 3917898 |
| &nbsp;&nbsp;&nbsp; Primerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15575 | &nbsp;&nbsp;&nbsp;&nbsp; 4137187 |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. (Bermuda) | &nbsp;&nbsp;&nbsp;&nbsp; 21619 | &nbsp;&nbsp;&nbsp;&nbsp; 5269415 |
| &nbsp;&nbsp;&nbsp; RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39432 | &nbsp;&nbsp;&nbsp;&nbsp; 2602118 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 49430 | &nbsp;&nbsp;&nbsp;&nbsp; 3024622 |
| &nbsp;&nbsp;&nbsp; Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28523 | &nbsp;&nbsp;&nbsp;&nbsp; 2223938 |
| &nbsp;&nbsp;&nbsp; Unum Group | &nbsp;&nbsp;&nbsp;&nbsp; 75486 | &nbsp;&nbsp;&nbsp;&nbsp; 5420650 |
| &nbsp;&nbsp;&nbsp; White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1127 | &nbsp;&nbsp;&nbsp;&nbsp; 2014851 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 68104945 |
| **Interactive Media & Services — 0.8%** | **Interactive Media & Services — 0.8%** | **Interactive Media & Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; Match Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 116011 | &nbsp;&nbsp;&nbsp;&nbsp; 3975697 |
| &nbsp;&nbsp;&nbsp; Reddit, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 55746 | &nbsp;&nbsp;&nbsp;&nbsp; 8952250 |
| &nbsp;&nbsp;&nbsp; Trump Media & Technology Group Corp. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 55953 | &nbsp;&nbsp;&nbsp;&nbsp; 984213 |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 140656 | &nbsp;&nbsp;&nbsp;&nbsp; 1523305 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15435465 |
| **IT Services — 0.5%** | **IT Services — 0.5%** | **IT Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; CoreWeave, Inc., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 17676 | &nbsp;&nbsp;&nbsp;&nbsp; 2017362 |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26032 | &nbsp;&nbsp;&nbsp;&nbsp; 4105507 |
| &nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 108887 | &nbsp;&nbsp;&nbsp;&nbsp; 4112662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10235531 |
| **Leisure Products — 0.5%** | **Leisure Products — 0.5%** | **Leisure Products — 0.5%** |
| &nbsp;&nbsp;&nbsp; Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13179 | &nbsp;&nbsp;&nbsp;&nbsp; 1049312 |
| &nbsp;&nbsp;&nbsp; Brunswick Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29474 | &nbsp;&nbsp;&nbsp;&nbsp; 1718039 |
| &nbsp;&nbsp;&nbsp; Hasbro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61794 | &nbsp;&nbsp;&nbsp;&nbsp; 4644437 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 151862 | &nbsp;&nbsp;&nbsp;&nbsp; 2583173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9994961 |
| **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** |
| &nbsp;&nbsp;&nbsp; Avantor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 318420 | &nbsp;&nbsp;&nbsp;&nbsp; 4279565 |
| &nbsp;&nbsp;&nbsp; Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 9189 | &nbsp;&nbsp;&nbsp;&nbsp; 2223278 |
| &nbsp;&nbsp;&nbsp; Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 74452 | &nbsp;&nbsp;&nbsp;&nbsp; 4074758 |
| &nbsp;&nbsp;&nbsp; Bruker Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 48696 | &nbsp;&nbsp;&nbsp;&nbsp; 1871387 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21340 | &nbsp;&nbsp;&nbsp;&nbsp; 3620118 |
| &nbsp;&nbsp;&nbsp; Medpace Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10768 | &nbsp;&nbsp;&nbsp;&nbsp; 4600089 |
| &nbsp;&nbsp;&nbsp; Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24942 | &nbsp;&nbsp;&nbsp;&nbsp; 2919960 |
| &nbsp;&nbsp;&nbsp; Sotera Health Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 71785 | &nbsp;&nbsp;&nbsp;&nbsp; 824810 |
| &nbsp;&nbsp;&nbsp; Tempus AI, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 39703 | &nbsp;&nbsp;&nbsp;&nbsp; 2246793 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26660758 |
| **Machinery — 5.2%** | **Machinery — 5.2%** | **Machinery — 5.2%** |
| &nbsp;&nbsp;&nbsp; AGCO Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28053 | &nbsp;&nbsp;&nbsp;&nbsp; 3309412 |
| &nbsp;&nbsp;&nbsp; Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 40122 | &nbsp;&nbsp;&nbsp;&nbsp; 3613788 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21154 | &nbsp;&nbsp;&nbsp;&nbsp; 4206050 |
| &nbsp;&nbsp;&nbsp; Crane Co. | &nbsp;&nbsp;&nbsp;&nbsp; 23215 | &nbsp;&nbsp;&nbsp;&nbsp; 4544801 |
| &nbsp;&nbsp;&nbsp; Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56769 | &nbsp;&nbsp;&nbsp;&nbsp; 4085665 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Machinery — continued** | **Machinery — continued** | **Machinery — continued** |
| &nbsp;&nbsp;&nbsp; Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26669 | &nbsp;&nbsp;&nbsp;&nbsp; 3578180 |
| &nbsp;&nbsp;&nbsp; Federal Signal Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28683 | &nbsp;&nbsp;&nbsp;&nbsp; 3630407 |
| &nbsp;&nbsp;&nbsp; Flowserve Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 61769 | &nbsp;&nbsp;&nbsp;&nbsp; 3461535 |
| &nbsp;&nbsp;&nbsp; Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18672 | &nbsp;&nbsp;&nbsp;&nbsp; 1754234 |
| &nbsp;&nbsp;&nbsp; Gates Industrial Corp. plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 115127 | &nbsp;&nbsp;&nbsp;&nbsp; 2855150 |
| &nbsp;&nbsp;&nbsp; Graco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 79380 | &nbsp;&nbsp;&nbsp;&nbsp; 6666332 |
| &nbsp;&nbsp;&nbsp; ITT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38611 | &nbsp;&nbsp;&nbsp;&nbsp; 6562326 |
| &nbsp;&nbsp;&nbsp; JBT Marel Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24292 | &nbsp;&nbsp;&nbsp;&nbsp; 3347438 |
| &nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26377 | &nbsp;&nbsp;&nbsp;&nbsp; 6422799 |
| &nbsp;&nbsp;&nbsp; Middleby Corp. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 25209 | &nbsp;&nbsp;&nbsp;&nbsp; 3660347 |
| &nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 52090 | &nbsp;&nbsp;&nbsp;&nbsp; 4446923 |
| &nbsp;&nbsp;&nbsp; Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24476 | &nbsp;&nbsp;&nbsp;&nbsp; 5243004 |
| &nbsp;&nbsp;&nbsp; Oshkosh Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28262 | &nbsp;&nbsp;&nbsp;&nbsp; 3575991 |
| &nbsp;&nbsp;&nbsp; RBC Bearings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14566 | &nbsp;&nbsp;&nbsp;&nbsp; 5641994 |
| &nbsp;&nbsp;&nbsp; SPX Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21956 | &nbsp;&nbsp;&nbsp;&nbsp; 4004555 |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 72029 | &nbsp;&nbsp;&nbsp;&nbsp; 4872762 |
| &nbsp;&nbsp;&nbsp; Timken Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 30188 | &nbsp;&nbsp;&nbsp;&nbsp; 2297005 |
| &nbsp;&nbsp;&nbsp; Toro Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 46992 | &nbsp;&nbsp;&nbsp;&nbsp; 3489156 |
| &nbsp;&nbsp;&nbsp; Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 12858 | &nbsp;&nbsp;&nbsp;&nbsp; 3372911 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 98642765 |
| **Marine Transportation — 0.1%** | **Marine Transportation — 0.1%** | **Marine Transportation — 0.1%** |
| &nbsp;&nbsp;&nbsp; Kirby Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25686 | &nbsp;&nbsp;&nbsp;&nbsp; 2448133 |
| **Media — 1.0%** | **Media — 1.0%** | **Media — 1.0%** |
| &nbsp;&nbsp;&nbsp; Interpublic Group of Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 174059 | &nbsp;&nbsp;&nbsp;&nbsp; 4281851 |
| &nbsp;&nbsp;&nbsp; Liberty Broadband Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp;&nbsp;&nbsp; 489040 |
| &nbsp;&nbsp;&nbsp; Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 49392 | &nbsp;&nbsp;&nbsp;&nbsp; 3028718 |
| &nbsp;&nbsp;&nbsp; New York Times Co. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp; 73406 | &nbsp;&nbsp;&nbsp;&nbsp; 3809037 |
| &nbsp;&nbsp;&nbsp; Nexstar Media Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12900 | &nbsp;&nbsp;&nbsp;&nbsp; 2413719 |
| &nbsp;&nbsp;&nbsp; Paramount Global, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 293709 | &nbsp;&nbsp;&nbsp;&nbsp; 3691922 |
| &nbsp;&nbsp;&nbsp; Sirius XM Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 89551 | &nbsp;&nbsp;&nbsp;&nbsp; 1891317 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19605604 |
| **Metals & Mining — 1.6%** | **Metals & Mining — 1.6%** | **Metals & Mining — 1.6%** |
| &nbsp;&nbsp;&nbsp; Alcoa Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 122881 | &nbsp;&nbsp;&nbsp;&nbsp; 3682744 |
| &nbsp;&nbsp;&nbsp; Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22375 | &nbsp;&nbsp;&nbsp;&nbsp; 5580101 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 222767 | &nbsp;&nbsp;&nbsp;&nbsp; 2343509 |
| &nbsp;&nbsp;&nbsp; Commercial Metals Co. | &nbsp;&nbsp;&nbsp;&nbsp; 49896 | &nbsp;&nbsp;&nbsp;&nbsp; 2587607 |
| &nbsp;&nbsp;&nbsp; Hecla Mining Co. | &nbsp;&nbsp;&nbsp;&nbsp; 267911 | &nbsp;&nbsp;&nbsp;&nbsp; 1537809 |
| &nbsp;&nbsp;&nbsp; MP Materials Corp. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 58858 | &nbsp;&nbsp;&nbsp;&nbsp; 3619767 |
| &nbsp;&nbsp;&nbsp; Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24757 | &nbsp;&nbsp;&nbsp;&nbsp; 7182748 |
| &nbsp;&nbsp;&nbsp; Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30957 | &nbsp;&nbsp;&nbsp;&nbsp; 4687509 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31221794 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.6%** | **Mortgage Real Estate Investment Trusts (REITs) — 0.6%** | **Mortgage Real Estate Investment Trusts (REITs) — 0.6%** |
| &nbsp;&nbsp;&nbsp; AGNC Investment Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 444968 | &nbsp;&nbsp;&nbsp;&nbsp; 4196048 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp; 77377 | &nbsp;&nbsp;&nbsp;&nbsp; 1429927 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Mortgage Real Estate Investment Trusts (REITs) — continued** | **Mortgage Real Estate Investment Trusts (REITs) — continued** | **Mortgage Real Estate Investment Trusts (REITs) — continued** |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 249904 | &nbsp;&nbsp;&nbsp;&nbsp; 3006345 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 162580 | &nbsp;&nbsp;&nbsp;&nbsp; 3163807 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11796127 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| &nbsp;&nbsp;&nbsp; Avista Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 37722 | &nbsp;&nbsp;&nbsp;&nbsp; 1407031 |
| &nbsp;&nbsp;&nbsp; Black Hills Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33936 | &nbsp;&nbsp;&nbsp;&nbsp; 1960822 |
| &nbsp;&nbsp;&nbsp; Northwestern Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27099 | &nbsp;&nbsp;&nbsp;&nbsp; 1455216 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4823069 |
| **Office REITs — 0.6%** | **Office REITs — 0.6%** | **Office REITs — 0.6%** |
| &nbsp;&nbsp;&nbsp; BXP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67966 | &nbsp;&nbsp;&nbsp;&nbsp; 4447015 |
| &nbsp;&nbsp;&nbsp; Cousins Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 73764 | &nbsp;&nbsp;&nbsp;&nbsp; 1999005 |
| &nbsp;&nbsp;&nbsp; Kilroy Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 50662 | &nbsp;&nbsp;&nbsp;&nbsp; 1867401 |
| &nbsp;&nbsp;&nbsp; Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp; 76593 | &nbsp;&nbsp;&nbsp;&nbsp; 2942703 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11256124 |
| **Oil, Gas & Consumable Fuels — 2.4%** | **Oil, Gas & Consumable Fuels — 2.4%** | **Oil, Gas & Consumable Fuels — 2.4%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 148747 | &nbsp;&nbsp;&nbsp;&nbsp; 2729507 |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 124494 | &nbsp;&nbsp;&nbsp;&nbsp; 4348575 |
| &nbsp;&nbsp;&nbsp; APA Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 169407 | &nbsp;&nbsp;&nbsp;&nbsp; 3267861 |
| &nbsp;&nbsp;&nbsp; California Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29901 | &nbsp;&nbsp;&nbsp;&nbsp; 1440630 |
| &nbsp;&nbsp;&nbsp; Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28223 | &nbsp;&nbsp;&nbsp;&nbsp; 3113844 |
| &nbsp;&nbsp;&nbsp; Comstock Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33047 | &nbsp;&nbsp;&nbsp;&nbsp; 590550 |
| &nbsp;&nbsp;&nbsp; DT Midstream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46150 | &nbsp;&nbsp;&nbsp;&nbsp; 4740989 |
| &nbsp;&nbsp;&nbsp; HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 71915 | &nbsp;&nbsp;&nbsp;&nbsp; 3159945 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 82887 | &nbsp;&nbsp;&nbsp;&nbsp; 1974368 |
| &nbsp;&nbsp;&nbsp; Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp; 52450 | &nbsp;&nbsp;&nbsp;&nbsp; 2616206 |
| &nbsp;&nbsp;&nbsp; Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62613 | &nbsp;&nbsp;&nbsp;&nbsp; 1553429 |
| &nbsp;&nbsp;&nbsp; Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 122061 | &nbsp;&nbsp;&nbsp;&nbsp; 5026472 |
| &nbsp;&nbsp;&nbsp; Permian Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 299488 | &nbsp;&nbsp;&nbsp;&nbsp; 4240750 |
| &nbsp;&nbsp;&nbsp; Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 112916 | &nbsp;&nbsp;&nbsp;&nbsp; 4146276 |
| &nbsp;&nbsp;&nbsp; Viper Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61671 | &nbsp;&nbsp;&nbsp;&nbsp; 2322530 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45271932 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29996 | &nbsp;&nbsp;&nbsp;&nbsp; 2711938 |
| **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** |
| &nbsp;&nbsp;&nbsp; Alaska Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55071 | &nbsp;&nbsp;&nbsp;&nbsp; 2916560 |
| &nbsp;&nbsp;&nbsp; American Airlines Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 304585 | &nbsp;&nbsp;&nbsp;&nbsp; 3499682 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6416242 |
| **Personal Care Products — 0.4%** | **Personal Care Products — 0.4%** | **Personal Care Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; BellRing Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 60089 | &nbsp;&nbsp;&nbsp;&nbsp; 3279658 |
| &nbsp;&nbsp;&nbsp; Coty, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 161947 | &nbsp;&nbsp;&nbsp;&nbsp; 785443 |
| &nbsp;&nbsp;&nbsp; elf Beauty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23680 | &nbsp;&nbsp;&nbsp;&nbsp; 2869779 |
| &nbsp;&nbsp;&nbsp; Interparfums, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8515 | &nbsp;&nbsp;&nbsp;&nbsp; 1026909 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7961789 |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| &nbsp;&nbsp;&nbsp; Axsome Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18476 | &nbsp;&nbsp;&nbsp;&nbsp; 1873097 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Pharmaceuticals — continued** | **Pharmaceuticals — continued** | **Pharmaceuticals — continued** |
| &nbsp;&nbsp;&nbsp; Corcept Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 45575 | &nbsp;&nbsp;&nbsp;&nbsp; 3061273 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 223633 | &nbsp;&nbsp;&nbsp;&nbsp; 3059300 |
| &nbsp;&nbsp;&nbsp; Jazz Pharmaceuticals plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 28027 | &nbsp;&nbsp;&nbsp;&nbsp; 3212735 |
| &nbsp;&nbsp;&nbsp; Organon & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 116356 | &nbsp;&nbsp;&nbsp;&nbsp; 1128653 |
| &nbsp;&nbsp;&nbsp; Perrigo Co. plc | &nbsp;&nbsp;&nbsp;&nbsp; 60663 | &nbsp;&nbsp;&nbsp;&nbsp; 1617882 |
| &nbsp;&nbsp;&nbsp; Prestige Consumer Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22026 | &nbsp;&nbsp;&nbsp;&nbsp; 1628823 |
| &nbsp;&nbsp;&nbsp; Viatris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 564764 | &nbsp;&nbsp;&nbsp;&nbsp; 4936037 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20517800 |
| **Professional Services — 2.0%** | **Professional Services — 2.0%** | **Professional Services — 2.0%** |
| &nbsp;&nbsp;&nbsp; Amentum Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 62077 | &nbsp;&nbsp;&nbsp;&nbsp; 1550063 |
| &nbsp;&nbsp;&nbsp; CACI International, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 10342 | &nbsp;&nbsp;&nbsp;&nbsp; 4763215 |
| &nbsp;&nbsp;&nbsp; Clarivate plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 158695 | &nbsp;&nbsp;&nbsp;&nbsp; 610976 |
| &nbsp;&nbsp;&nbsp; Dayforce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73367 | &nbsp;&nbsp;&nbsp;&nbsp; 4231075 |
| &nbsp;&nbsp;&nbsp; Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 147910 | &nbsp;&nbsp;&nbsp;&nbsp; 1345981 |
| &nbsp;&nbsp;&nbsp; ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 76317 | &nbsp;&nbsp;&nbsp;&nbsp; 3314447 |
| &nbsp;&nbsp;&nbsp; Exponent, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23807 | &nbsp;&nbsp;&nbsp;&nbsp; 1641731 |
| &nbsp;&nbsp;&nbsp; FTI Consulting, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16109 | &nbsp;&nbsp;&nbsp;&nbsp; 2679732 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 70292 | &nbsp;&nbsp;&nbsp;&nbsp; 3096362 |
| &nbsp;&nbsp;&nbsp; KBR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 62162 | &nbsp;&nbsp;&nbsp;&nbsp; 2905452 |
| &nbsp;&nbsp;&nbsp; Maximus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26372 | &nbsp;&nbsp;&nbsp;&nbsp; 1947836 |
| &nbsp;&nbsp;&nbsp; Parsons Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25184 | &nbsp;&nbsp;&nbsp;&nbsp; 1868653 |
| &nbsp;&nbsp;&nbsp; Paylocity Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20860 | &nbsp;&nbsp;&nbsp;&nbsp; 3856597 |
| &nbsp;&nbsp;&nbsp; Robert Half, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 47534 | &nbsp;&nbsp;&nbsp;&nbsp; 1754480 |
| &nbsp;&nbsp;&nbsp; Science Applications International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22116 | &nbsp;&nbsp;&nbsp;&nbsp; 2465491 |
| &nbsp;&nbsp;&nbsp; TriNet Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12293 | &nbsp;&nbsp;&nbsp;&nbsp; 833588 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 38865679 |
| **Real Estate Management & Development — 0.4%** | **Real Estate Management & Development — 0.4%** | **Real Estate Management & Development — 0.4%** |
| &nbsp;&nbsp;&nbsp; Howard Hughes Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14679 | &nbsp;&nbsp;&nbsp;&nbsp; 1008888 |
| &nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22329 | &nbsp;&nbsp;&nbsp;&nbsp; 6036868 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7045756 |
| **Residential REITs — 0.4%** | **Residential REITs — 0.4%** | **Residential REITs — 0.4%** |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 144705 | &nbsp;&nbsp;&nbsp;&nbsp; 5019817 |
| &nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 104555 | &nbsp;&nbsp;&nbsp;&nbsp; 1753387 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6773204 |
| **Retail REITs — 1.0%** | **Retail REITs — 1.0%** | **Retail REITs — 1.0%** |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 50964 | &nbsp;&nbsp;&nbsp;&nbsp; 3654119 |
| &nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 143938 | &nbsp;&nbsp;&nbsp;&nbsp; 3761100 |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp; 40423 | &nbsp;&nbsp;&nbsp;&nbsp; 3725384 |
| &nbsp;&nbsp;&nbsp; Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp; 103280 | &nbsp;&nbsp;&nbsp;&nbsp; 2270094 |
| &nbsp;&nbsp;&nbsp; NNN REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 88520 | &nbsp;&nbsp;&nbsp;&nbsp; 3652335 |
| &nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56201 | &nbsp;&nbsp;&nbsp;&nbsp; 1899032 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18962064 |
| **Semiconductors & Semiconductor Equipment — 2.8%** | **Semiconductors & Semiconductor Equipment — 2.8%** | **Semiconductors & Semiconductor Equipment — 2.8%** |
| &nbsp;&nbsp;&nbsp; Allegro MicroSystems, Inc. (Japan) \* | &nbsp;&nbsp;&nbsp;&nbsp; 58037 | &nbsp;&nbsp;&nbsp;&nbsp; 1822942 |
| &nbsp;&nbsp;&nbsp; Amkor Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53507 | &nbsp;&nbsp;&nbsp;&nbsp; 1207118 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Semiconductors & Semiconductor Equipment — continued** | **Semiconductors & Semiconductor Equipment — continued** | **Semiconductors & Semiconductor Equipment — continued** |
| &nbsp;&nbsp;&nbsp; Astera Labs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 61554 | &nbsp;&nbsp;&nbsp;&nbsp; 8416278 |
| &nbsp;&nbsp;&nbsp; Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25019 | &nbsp;&nbsp;&nbsp;&nbsp; 2519663 |
| &nbsp;&nbsp;&nbsp; Credo Technology Group Holding Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 68494 | &nbsp;&nbsp;&nbsp;&nbsp; 7640506 |
| &nbsp;&nbsp;&nbsp; Enphase Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 61830 | &nbsp;&nbsp;&nbsp;&nbsp; 2000819 |
| &nbsp;&nbsp;&nbsp; Lattice Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 64784 | &nbsp;&nbsp;&nbsp;&nbsp; 3228187 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29777 | &nbsp;&nbsp;&nbsp;&nbsp; 4083618 |
| &nbsp;&nbsp;&nbsp; MKS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24803 | &nbsp;&nbsp;&nbsp;&nbsp; 2360749 |
| &nbsp;&nbsp;&nbsp; Onto Innovation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23129 | &nbsp;&nbsp;&nbsp;&nbsp; 2191473 |
| &nbsp;&nbsp;&nbsp; Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40007 | &nbsp;&nbsp;&nbsp;&nbsp; 3344585 |
| &nbsp;&nbsp;&nbsp; Rambus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 50561 | &nbsp;&nbsp;&nbsp;&nbsp; 3737975 |
| &nbsp;&nbsp;&nbsp; Silicon Laboratories, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15226 | &nbsp;&nbsp;&nbsp;&nbsp; 2006330 |
| &nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 73829 | &nbsp;&nbsp;&nbsp;&nbsp; 5060240 |
| &nbsp;&nbsp;&nbsp; Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22250 | &nbsp;&nbsp;&nbsp;&nbsp; 3212900 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 52833383 |
| **Software — 4.7%** | **Software — 4.7%** | **Software — 4.7%** |
| &nbsp;&nbsp;&nbsp; Aurora Innovation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 505407 | &nbsp;&nbsp;&nbsp;&nbsp; 2936415 |
| &nbsp;&nbsp;&nbsp; Bill Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39346 | &nbsp;&nbsp;&nbsp;&nbsp; 1685976 |
| &nbsp;&nbsp;&nbsp; Blackbaud, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17788 | &nbsp;&nbsp;&nbsp;&nbsp; 1199267 |
| &nbsp;&nbsp;&nbsp; BlackLine, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23601 | &nbsp;&nbsp;&nbsp;&nbsp; 1269262 |
| &nbsp;&nbsp;&nbsp; Box, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 67420 | &nbsp;&nbsp;&nbsp;&nbsp; 2164182 |
| &nbsp;&nbsp;&nbsp; CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 239673 | &nbsp;&nbsp;&nbsp;&nbsp; 2317638 |
| &nbsp;&nbsp;&nbsp; Commvault Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20595 | &nbsp;&nbsp;&nbsp;&nbsp; 3912020 |
| &nbsp;&nbsp;&nbsp; Confluent, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 132932 | &nbsp;&nbsp;&nbsp;&nbsp; 2356220 |
| &nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 28727 | &nbsp;&nbsp;&nbsp;&nbsp; 2164292 |
| &nbsp;&nbsp;&nbsp; Dropbox, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 94454 | &nbsp;&nbsp;&nbsp;&nbsp; 2566315 |
| &nbsp;&nbsp;&nbsp; Elastic NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 41331 | &nbsp;&nbsp;&nbsp;&nbsp; 3459405 |
| &nbsp;&nbsp;&nbsp; Gitlab, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 61804 | &nbsp;&nbsp;&nbsp;&nbsp; 2707633 |
| &nbsp;&nbsp;&nbsp; Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39225 | &nbsp;&nbsp;&nbsp;&nbsp; 8873479 |
| &nbsp;&nbsp;&nbsp; Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 79370 | &nbsp;&nbsp;&nbsp;&nbsp; 1960439 |
| &nbsp;&nbsp;&nbsp; Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28497 | &nbsp;&nbsp;&nbsp;&nbsp; 6259651 |
| &nbsp;&nbsp;&nbsp; Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 120408 | &nbsp;&nbsp;&nbsp;&nbsp; 9051069 |
| &nbsp;&nbsp;&nbsp; Pegasystems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43115 | &nbsp;&nbsp;&nbsp;&nbsp; 2531282 |
| &nbsp;&nbsp;&nbsp; Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55508 | &nbsp;&nbsp;&nbsp;&nbsp; 3976038 |
| &nbsp;&nbsp;&nbsp; Qualys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16480 | &nbsp;&nbsp;&nbsp;&nbsp; 2192994 |
| &nbsp;&nbsp;&nbsp; Rubrik, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 48082 | &nbsp;&nbsp;&nbsp;&nbsp; 4565386 |
| &nbsp;&nbsp;&nbsp; SailPoint, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 28326 | &nbsp;&nbsp;&nbsp;&nbsp; 632803 |
| &nbsp;&nbsp;&nbsp; Samsara, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 125143 | &nbsp;&nbsp;&nbsp;&nbsp; 4759188 |
| &nbsp;&nbsp;&nbsp; SentinelOne, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 147318 | &nbsp;&nbsp;&nbsp;&nbsp; 2701812 |
| &nbsp;&nbsp;&nbsp; ServiceTitan, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 5237 | &nbsp;&nbsp;&nbsp;&nbsp; 611210 |
| &nbsp;&nbsp;&nbsp; SPS Commerce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17789 | &nbsp;&nbsp;&nbsp;&nbsp; 1936599 |
| &nbsp;&nbsp;&nbsp; Tenable Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 56638 | &nbsp;&nbsp;&nbsp;&nbsp; 1773336 |
| &nbsp;&nbsp;&nbsp; UiPath, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 201494 | &nbsp;&nbsp;&nbsp;&nbsp; 2367555 |
| &nbsp;&nbsp;&nbsp; Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 151157 | &nbsp;&nbsp;&nbsp;&nbsp; 5042598 |
| &nbsp;&nbsp;&nbsp; Workiva, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24412 | &nbsp;&nbsp;&nbsp;&nbsp; 1558218 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 89532282 |
| **Specialized REITs — 1.0%** | **Specialized REITs — 1.0%** | **Specialized REITs — 1.0%** |
| &nbsp;&nbsp;&nbsp; CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp; 107450 | &nbsp;&nbsp;&nbsp;&nbsp; 4180880 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Specialized REITs — continued** | **Specialized REITs — continued** | **Specialized REITs — continued** |
| &nbsp;&nbsp;&nbsp; EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp; 35427 | &nbsp;&nbsp;&nbsp;&nbsp; 1949902 |
| &nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 124202 | &nbsp;&nbsp;&nbsp;&nbsp; 5661127 |
| &nbsp;&nbsp;&nbsp; Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 40981 | &nbsp;&nbsp;&nbsp;&nbsp; 5009927 |
| &nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 34333 | &nbsp;&nbsp;&nbsp;&nbsp; 1403876 |
| &nbsp;&nbsp;&nbsp; Rayonier, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66406 | &nbsp;&nbsp;&nbsp;&nbsp; 1547924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19753636 |
| **Specialty Retail — 3.2%** | **Specialty Retail — 3.2%** | **Specialty Retail — 3.2%** |
| &nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 21843 | &nbsp;&nbsp;&nbsp;&nbsp; 2097365 |
| &nbsp;&nbsp;&nbsp; Asbury Automotive Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8541 | &nbsp;&nbsp;&nbsp;&nbsp; 1897127 |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13038 | &nbsp;&nbsp;&nbsp;&nbsp; 2511640 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96509 | &nbsp;&nbsp;&nbsp;&nbsp; 2794901 |
| &nbsp;&nbsp;&nbsp; CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 71663 | &nbsp;&nbsp;&nbsp;&nbsp; 4056842 |
| &nbsp;&nbsp;&nbsp; Chewy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 103458 | &nbsp;&nbsp;&nbsp;&nbsp; 3796909 |
| &nbsp;&nbsp;&nbsp; Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26391 | &nbsp;&nbsp;&nbsp;&nbsp; 5581960 |
| &nbsp;&nbsp;&nbsp; Five Below, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25422 | &nbsp;&nbsp;&nbsp;&nbsp; 3470611 |
| &nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 49416 | &nbsp;&nbsp;&nbsp;&nbsp; 3787242 |
| &nbsp;&nbsp;&nbsp; GameStop Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 191686 | &nbsp;&nbsp;&nbsp;&nbsp; 4303351 |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 111274 | &nbsp;&nbsp;&nbsp;&nbsp; 2165392 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5961 | &nbsp;&nbsp;&nbsp;&nbsp; 2456826 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 12242 | &nbsp;&nbsp;&nbsp;&nbsp; 3525696 |
| &nbsp;&nbsp;&nbsp; Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9011 | &nbsp;&nbsp;&nbsp;&nbsp; 3266307 |
| &nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9344 | &nbsp;&nbsp;&nbsp;&nbsp; 1564279 |
| &nbsp;&nbsp;&nbsp; RH \* | &nbsp;&nbsp;&nbsp;&nbsp; 7166 | &nbsp;&nbsp;&nbsp;&nbsp; 1473473 |
| &nbsp;&nbsp;&nbsp; Valvoline, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 59834 | &nbsp;&nbsp;&nbsp;&nbsp; 2109149 |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 57893 | &nbsp;&nbsp;&nbsp;&nbsp; 10828886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 61687956 |
| **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** |
| &nbsp;&nbsp;&nbsp; IonQ, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 118659 | &nbsp;&nbsp;&nbsp;&nbsp; 4730934 |
| &nbsp;&nbsp;&nbsp; Pure Storage, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 144618 | &nbsp;&nbsp;&nbsp;&nbsp; 8607664 |
| &nbsp;&nbsp;&nbsp; Sandisk Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 54725 | &nbsp;&nbsp;&nbsp;&nbsp; 2348797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15687395 |
| **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** |
| &nbsp;&nbsp;&nbsp; Columbia Sportswear Co. | &nbsp;&nbsp;&nbsp;&nbsp; 12349 | &nbsp;&nbsp;&nbsp;&nbsp; 698583 |
| &nbsp;&nbsp;&nbsp; Crocs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25465 | &nbsp;&nbsp;&nbsp;&nbsp; 2539624 |
| &nbsp;&nbsp;&nbsp; PVH Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24532 | &nbsp;&nbsp;&nbsp;&nbsp; 1801139 |
| &nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18137 | &nbsp;&nbsp;&nbsp;&nbsp; 5418429 |
| &nbsp;&nbsp;&nbsp; Skechers U.S.A., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 61818 | &nbsp;&nbsp;&nbsp;&nbsp; 3909989 |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 97456 | &nbsp;&nbsp;&nbsp;&nbsp; 10528172 |
| &nbsp;&nbsp;&nbsp; VF Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 155035 | &nbsp;&nbsp;&nbsp;&nbsp; 1817010 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26712946 |
| **Trading Companies & Distributors — 2.1%** | **Trading Companies & Distributors — 2.1%** | **Trading Companies & Distributors — 2.1%** |
| &nbsp;&nbsp;&nbsp; Air Lease Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 44524 | &nbsp;&nbsp;&nbsp;&nbsp; 2466629 |
| &nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18210 | &nbsp;&nbsp;&nbsp;&nbsp; 4944015 |
| &nbsp;&nbsp;&nbsp; Core & Main, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 79119 | &nbsp;&nbsp;&nbsp;&nbsp; 5035133 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 47748 | &nbsp;&nbsp;&nbsp;&nbsp; 6570602 |
| &nbsp;&nbsp;&nbsp; GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16552 | &nbsp;&nbsp;&nbsp;&nbsp; 2527325 |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Trading Companies & Distributors — continued** | **Trading Companies & Distributors — continued** | **Trading Companies & Distributors — continued** |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14555 | &nbsp;&nbsp;&nbsp;&nbsp; 1700169 |
| &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 18722 | &nbsp;&nbsp;&nbsp;&nbsp; 1621700 |
| &nbsp;&nbsp;&nbsp; QXO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 276702 | &nbsp;&nbsp;&nbsp;&nbsp; 5550642 |
| &nbsp;&nbsp;&nbsp; Rush Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 29534 | &nbsp;&nbsp;&nbsp;&nbsp; 1598971 |
| &nbsp;&nbsp;&nbsp; Rush Enterprises, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 3671 | &nbsp;&nbsp;&nbsp;&nbsp; 199372 |
| &nbsp;&nbsp;&nbsp; SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20967 | &nbsp;&nbsp;&nbsp;&nbsp; 2889882 |
| &nbsp;&nbsp;&nbsp; WESCO International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22559 | &nbsp;&nbsp;&nbsp;&nbsp; 4668811 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39773251 |
| **Water Utilities — 0.4%** | **Water Utilities — 0.4%** | **Water Utilities — 0.4%** |
| &nbsp;&nbsp;&nbsp; American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp; 18146 | &nbsp;&nbsp;&nbsp;&nbsp; 1335364 |
| &nbsp;&nbsp;&nbsp; California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp; 27987 | &nbsp;&nbsp;&nbsp;&nbsp; 1272569 |
| &nbsp;&nbsp;&nbsp; Essential Utilities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 117913 | &nbsp;&nbsp;&nbsp;&nbsp; 4339198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6947131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,682,011,842)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1884118567 |
| **Short-Term Investments — 2.7%** | **Short-Term Investments — 2.7%** | **Short-Term Investments — 2.7%** |
| **Investment Companies — 0.7%** | **Investment Companies — 0.7%** | **Investment Companies — 0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.26% (b) (c) <br>(Cost $13,221,276)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13221276 | &nbsp;&nbsp;&nbsp;&nbsp; 13221276 |
| **Investment of Cash Collateral from Securities Loaned — 2.0%** | **Investment of Cash Collateral from Securities Loaned — 2.0%** | **Investment of Cash Collateral from Securities Loaned — 2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (b) (c) <br>(Cost $38,512,892)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 38512892 | &nbsp;&nbsp;&nbsp;&nbsp; 38512892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $51,734,168)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 51734168 |
| **Total Investments — 101.9%** <br>**(Cost $1,733,746,010)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1935852735** |
| **Liabilities in Excess of Other Assets — (1.9)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(36836366)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1899016369** |

---

&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** |  |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| \* | Non-income producing security.  |
| (a) | The security or a portion of this security is on loan at July 31, 2025. The total value of securities on loan at July 31, 2025 is $37,287,388. |
| (b) | 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>|
| (c) | The rate shown is the current yield as of July 31, 2025. |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited) (continued)

**Futures contracts outstanding as of July 31, 2025:**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |  |  |  |  |  |
| S&P MidCap 400 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 14240700 | &nbsp;&nbsp;&nbsp;&nbsp; 581829 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| USD | United States Dollar |

---

------

**JPMorgan BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (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 Board is required to determine fair value for securities that do not have readily available market quotations. Under Securities and Exchange Commission Rule 2a-5 (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.

Investments in open-end investment companies ("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 ("SOI"):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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** |
| **Total Investments in Securities** (a) | &nbsp;&nbsp;&nbsp;&nbsp; $1935852735 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1935852735 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | &nbsp;&nbsp;&nbsp;&nbsp; $581829 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $581829 |

---

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

 <br> (a) Please refer to the SOI for specifics of portfolio holdings.

**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 BetaBuilders U.S. Mid Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (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 July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2024**<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>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending <br> Money Market Fund Agency <br> SL Class Shares, 4.37% <br> (a) (b)<br>| $46831039 | $271887459 | $280205606 | $— | $— | $38512892 | 38512892 | $1337047 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government <br> Money Market Fund Class IM <br> Shares, 4.26% (a) (b)<br>| 8076683 | 87383963 | 82239370 |  |  | 13221276 | 13221276 | 642149 |  |
| **Total** | $54907722 | $359271422 | $362444976 | $— | $— | $51734168 |  | $1979196 | $— |

---

&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 July 31, 2025.

------

## 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:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000068165

- **c. LEI of Series:** 549300S2VYDS8QJGW220

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1937637793.21

**Total Liabilities:** $38621425.40

**Net Assets:** $1899016367.81

**Cash Not Reported:** $174813.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218319 | 5.62%                | 4.56%                | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2.31                    | $92785859.44                               |
| Month 2  | $227596.21               | $79136128.83                               |
| Month 3  | $9364378.67              | $24968256.06                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                             | Radian Group, Inc.                                                    | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     66348 | NS      | $2163608.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                    | Host Hotels & Resorts, Inc.                                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    329436 | NS      | $5178733.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc.                                              | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      5961 | NS      | $2456826.15   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp.                        | Acushnet Holdings Corp.                                               | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     13179 | NS      | $1049311.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                             | Agree Realty Corp.                                                    | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50964 | NS      | $3654118.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan, Inc.                             | ServiceTitan, Inc., Class A                                           | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5237 | NS      | $611210.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs, Inc.                                    | Crocs, Inc.                                                           | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     25465 | NS      | $2539624.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                 | Walgreens Boots Alliance, Inc.                                        | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |    337086 | NS      | $3923681.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp.                       | Wintrust Financial Corp.                                              | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     29706 | NS      | $3801773.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp.                                      | RLI Corp.                                                             | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     39432 | NS      | $2602117.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group, Inc.                              | Match Group, Inc.                                                     | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    116011 | NS      | $3975696.97   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories, Inc.                       | Dolby Laboratories, Inc., Class A                                     | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     28727 | NS      | $2164292.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings, Inc.                       | FirstCash Holdings, Inc.                                              | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18795 | NS      | $2505185.55   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp.                          | Hancock Whitney Corp.                                                 | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     38243 | NS      | $2283871.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                        | Louisiana-Pacific Corp.                                               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     29996 | NS      | $2711938.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                    | Ionis Pharmaceuticals, Inc.                                           | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     69966 | NS      | $3007138.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp.                      | United Therapeutics Corp.                                             | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     19492 | NS      | $5354452.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                      | CubeSmart                                                             | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107450 | NS      | $4180879.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                               | Zions Bancorp NA                                                      | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     66602 | NS      | $3571199.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                                | Ingredion, Inc.                                                       | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     29058 | NS      | $3822289.32   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.                | Interactive Brokers Group, Inc., Class A                              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    204193 | NS      | $13386893.08  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv, Inc.                                  | Autoliv, Inc.                                                         | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |     31948 | NS      | $3563799.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp.                                     | Esab Corp.                                                            | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     26669 | NS      | $3578179.73   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                               | OGE Energy Corp.                                                      | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     94383 | NS      | $4286875.86   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                          | Landstar System, Inc.                                                 | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     16435 | NS      | $2191935.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals, Inc.                 | Madrigal Pharmaceuticals, Inc.                                        | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      8626 | NS      | $2609451.26   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                        | Permian Resources Corp.                                               | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    299488 | NS      | $4240750.08   | 0.22%             |  |  |  | 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        |     64904 | NS      | $1899091.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp.                                  | Balchem Corp.                                                         | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     15340 | NS      | $2338889.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings, Inc.                         | Kyndryl Holdings, Inc.                                                | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    108887 | NS      | $4112661.99   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                           | Meritage Homes Corp.                                                  | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     33714 | NS      | $2270300.76   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp.                                   | Gentex Corp.                                                          | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     99266 | NS      | $2622607.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv, Inc.                                  | Ovintiv, Inc.                                                         | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    122061 | NS      | $5026471.98   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                     | New Jersey Resources Corp.                                            | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     45748 | NS      | $2100290.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                            | Carlisle Cos., Inc.                                                   | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     20383 | NS      | $7230053.93   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                 | EPR Properties                                                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     35427 | NS      | $1949902.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                            | Flowers Foods, Inc.                                                   | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |     94215 | NS      | $1493307.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co. (The)                               | Timken Co. (The)                                                      | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     30188 | NS      | $2297004.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp.                              | Haemonetics Corp.                                                     | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     22381 | NS      | $1657089.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                                    | Jabil, Inc.                                                           | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     46943 | NS      | $10476269.31  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd.            | Credo Technology Group Holding Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     68494 | NS      | $7640505.70   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric plc                             | nVent Electric plc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     77793 | NS      | $6100527.06   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                          | AECOM                                                                 | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     60277 | NS      | $6795628.98   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp.                    | Lattice Semiconductor Corp.                                           | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     64784 | NS      | $3228186.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trump Media & Technology Group Corp.           | Trump Media & Technology Group Corp.                                  | CUSIP: 25400Q105<br>LEI: 6488S3A83U2SRQ48O215 | Long             | EC               | CORP              | US        |     55953 | NS      | $984213.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Glacier Bancorp, Inc.                          | Glacier Bancorp, Inc.                                                 | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     53433 | NS      | $2341968.39   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity, Inc.                                 | Doximity, Inc., Class A                                               | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61213 | NS      | $3596263.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                           | Curtiss-Wright Corp.                                                  | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     17732 | NS      | $8692581.04   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals plc                       | Jazz Pharmaceuticals plc                                              | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |     28027 | NS      | $3212735.01   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health, Inc.                       | Option Care Health, Inc.                                              | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     77087 | NS      | $2262503.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.             | BJ's Wholesale Club Holdings, Inc.                                    | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     54667 | NS      | $5789235.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings, Inc.                         | Tenable Holdings, Inc.                                                | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     56638 | NS      | $1773335.78   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                                 | TechnipFMC plc                                                        | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    194820 | NS      | $7085603.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile, Inc.                          | AST SpaceMobile, Inc.                                                 | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     97197 | NS      | $5167964.49   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                     | Elastic NV                                                            | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Long             | EC               | CORP              | NL        |     41331 | NS      | $3459404.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.                    | Kinsale Capital Group, Inc.                                           | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     10418 | NS      | $4591108.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings, Inc.                   | Floor & Decor Holdings, Inc., Class A                                 | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     49416 | NS      | $3787242.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings, Inc.                         | Medpace Holdings, Inc.                                                | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     10768 | NS      | $4600089.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp.                                 | Repligen Corp.                                                        | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     24942 | NS      | $2919959.94   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences, Inc.                   | Neurocrine Biosciences, Inc.                                          | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     46483 | NS      | $5960515.09   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI, Inc.                                      | ATI, Inc.                                                             | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     65676 | NS      | $5053111.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed, Inc.                                   | Insmed, Inc.                                                          | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     84738 | NS      | $9090692.64   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.             | Madison Square Garden Sports Corp.                                    | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7946 | NS      | $1605886.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                       | Bank OZK                                                              | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     47663 | NS      | $2349785.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                           | Old National Bancorp                                                  | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    136332 | NS      | $2877968.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane, Inc.                            | Hamilton Lane, Inc., Class A                                          | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     17971 | NS      | $2736983.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co.                        | Abercrombie & Fitch Co., Class A                                      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     21843 | NS      | $2097364.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia, Inc.                                     | Saia, Inc.                                                            | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     12485 | NS      | $3773466.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent, Inc.           | Frontier Communications Parent, Inc.                                  | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102955 | NS      | $3782566.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide, Inc.                    | CH Robinson Worldwide, Inc.                                           | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     55490 | NS      | $6399106.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources, Inc.                       | Comstock Resources, Inc.                                              | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     33047 | NS      | $590549.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet, Inc.                                 | Freshpet, Inc.                                                        | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     21512 | NS      | $1469699.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc.                        | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     21340 | NS      | $3620117.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.            | Gaming and Leisure Properties, Inc.                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    124202 | NS      | $5661127.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp.                                   | CorVel Corp.                                                          | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13881 | NS      | $1229856.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems, Inc.                    | Merit Medical Systems, Inc.                                           | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     27822 | NS      | $2360974.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                            | Toll Brothers, Inc.                                                   | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     46858 | NS      | $5546112.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                         | Stifel Financial Corp.                                                | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     47679 | NS      | $5441127.48   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox, Inc.                                  | Dropbox, Inc., Class A                                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     94454 | NS      | $2566315.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings, Inc.                        | Lantheus Holdings, Inc.                                               | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     31847 | NS      | $2267187.93   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International, Inc.              | Choice Hotels International, Inc.                                     | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     12754 | NS      | $1628813.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Starwood Property Trust, Inc.                  | Starwood Property Trust, Inc.                                         | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    162580 | NS      | $3163806.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos., Inc.                          | Albertsons Cos., Inc., Class A                                        | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    177755 | NS      | $3416451.10   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                      | UGI Corp.                                                             | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    101228 | NS      | $3662429.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker, Inc.                               | NEXTracker, Inc., Class A                                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67586 | NS      | $3937560.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines, Inc.                     | Revolution Medicines, Inc.                                            | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     70788 | NS      | $2638268.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                          | MGIC Investment Corp.                                                 | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    106745 | NS      | $2764695.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp.                                    | Fluor Corp.                                                           | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     74347 | NS      | $4220679.19   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                          | American Homes 4 Rent, Class A                                        | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    144705 | NS      | $5019816.45   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp.                        | Liberty Broadband Corp., Class A                                      | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      8000 | NS      | $489040.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings, Inc.                   | Howard Hughes Holdings, Inc.                                          | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     14679 | NS      | $1008887.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings, Inc.                        | Lumentum Holdings, Inc.                                               | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     32479 | NS      | $3575288.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent, Inc.                                | Confluent, Inc., Class A                                              | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |    132932 | NS      | $2356219.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software, Inc.                           | Unity Software, Inc.                                                  | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    151157 | NS      | $5042597.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp.                               | Bio-Techne Corp.                                                      | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     74452 | NS      | $4074757.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                           | Ally Financial, Inc.                                                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    129826 | NS      | $4913914.10   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions, Inc.         | Bright Horizons Family Solutions, Inc.                                | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26005 | NS      | $2941165.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                     | EastGroup Properties, Inc.                                            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     24673 | NS      | $4027620.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex, Inc.                                 | Teleflex, Inc.                                                        | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     21828 | NS      | $2608446.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp. (The)                           | Middleby Corp. (The)                                                  | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     25209 | NS      | $3660346.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.                     | Taylor Morrison Home Corp.                                            | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     47250 | NS      | $2800980.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies, Inc.                       | Ormat Technologies, Inc.                                              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     26991 | NS      | $2413265.31   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health, Inc.                       | Hims & Hers Health, Inc.                                              | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     95669 | NS      | $6331374.42   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS, Inc.                             | Leonardo DRS, Inc.                                                    | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     34733 | NS      | $1444892.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries, Inc.                       | Mueller Industries, Inc.                                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     52090 | NS      | $4446923.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies, Inc.                 | Watts Water Technologies, Inc., Class A                               | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     12858 | NS      | $3372910.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                        | KB Home                                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     29240 | NS      | $1615802.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                          | Range Resources Corp.                                                 | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    112916 | NS      | $4146275.52   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                         | SPX Technologies, Inc.                                                | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     21956 | NS      | $4004554.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                | Federal Realty Investment Trust                                       | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     40423 | NS      | $3725383.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                          | Assured Guaranty Ltd.                                                 | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |     22498 | NS      | $1902880.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings, Inc.                             | RBC Bearings, Inc.                                                    | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14566 | NS      | $5641994.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                         | Amentum Holdings, Inc.                                                | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |     62077 | NS      | $1550062.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI, Inc.                                | Tempus AI, Inc.                                                       | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |     39703 | NS      | $2246792.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| ALLETE, Inc.                                   | ALLETE, Inc.                                                          | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     27085 | NS      | $1785714.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp.                                      | LKQ Corp.                                                             | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    121284 | NS      | $3574239.48   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education, Inc.                   | Grand Canyon Education, Inc.                                          | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     13160 | NS      | $2219170.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                       | Fabrinet                                                              | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | KY        |     17103 | NS      | $5536754.19   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp.                                    | Kirby Corp.                                                           | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     25686 | NS      | $2448132.66   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp.                                 | TopBuild Corp.                                                        | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     13347 | NS      | $4944129.21   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.        | Essential Properties Realty Trust, Inc.                               | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     93075 | NS      | $2837856.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                              | Morningstar, Inc.                                                     | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     11932 | NS      | $3298720.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.     | Knight-Swift Transportation Holdings, Inc.                            | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73914 | NS      | $3141345.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.               | Omega Healthcare Investors, Inc.                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    135044 | NS      | $5253211.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab, Inc.                                   | Gitlab, Inc., Class A                                                 | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     61804 | NS      | $2707633.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp.                         | US Foods Holding Corp.                                                | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    107860 | NS      | $8987973.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                             | Chord Energy Corp.                                                    | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     28223 | NS      | $3113843.59   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics, Inc.                          | TG Therapeutics, Inc.                                                 | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |     68096 | NS      | $2417408.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                        | Aramark                                                               | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    123303 | NS      | $5247775.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros, Inc.                               | Dutch Bros, Inc., Class A                                             | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53853 | NS      | $3191867.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp.                                   | Bruker Corp.                                                          | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     48696 | NS      | $1871387.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd.                          | Roivant Sciences Ltd.                                                 | CUSIP: N/A<br>LEI: 549300DL466NY5J6U724       | Long             | EC               | CORP              | BM        |    181912 | NS      | $2066520.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                                 | Assurant, Inc.                                                        | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     23911 | NS      | $4478530.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings, Inc.                               | DraftKings, Inc., Class A                                             | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    229472 | NS      | $10335418.88  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Box, Inc.                                      | Box, Inc., Class A                                                    | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     67420 | NS      | $2164182.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                              | Pegasystems, Inc.                                                     | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     43115 | NS      | $2531281.65   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                               | Globe Life, Inc.                                                      | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     36786 | NS      | $5167329.42   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                              | Essent Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |     46317 | NS      | $2593288.83   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                              | HF Sinclair Corp.                                                     | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     71915 | NS      | $3159945.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp.                        | Credit Acceptance Corp.                                               | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2508 | NS      | $1229622.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments, Inc.                          | Shift4 Payments, Inc., Class A                                        | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31064 | NS      | $3199592.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Tetra Tech, Inc.                               | Tetra Tech, Inc.                                                      | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |    118060 | NS      | $4337524.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings, Inc.                     | Lamb Weston Holdings, Inc.                                            | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     61246 | NS      | $3495309.22   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics, Inc.                             | Cytokinetics, Inc.                                                    | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     55307 | NS      | $2081755.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bill Holdings, Inc.                            | Bill Holdings, Inc.                                                   | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     39346 | NS      | $1685976.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero, Inc.                             | StandardAero, Inc.                                                    | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52484 | NS      | $1498418.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group, Inc.                      | Nexstar Media Group, Inc.                                             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     12900 | NS      | $2413719.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp.                        | Paylocity Holding Corp.                                               | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     20860 | NS      | $3856596.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes, Inc.                           | Champion Homes, Inc.                                                  | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25115 | NS      | $1529503.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp.                                     | GATX Corp.                                                            | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     16552 | NS      | $2527324.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp.                             | Talen Energy Corp.                                                    | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19687 | NS      | $7433220.59   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                                | Solventum Corp.                                                       | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     65191 | NS      | $4652029.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle, Inc.                       | Jones Lang LaSalle, Inc.                                              | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     22329 | NS      | $6036868.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp.                                  | Parsons Corp.                                                         | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     25184 | NS      | $1868652.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                    | Casella Waste Systems, Inc., Class A                                  | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     29352 | NS      | $3191442.96   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                          | Clearway Energy, Inc.                                                 | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     15757 | NS      | $485000.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica, Inc.                                 | Comerica, Inc.                                                        | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     59658 | NS      | $4031091.06   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                             | EPAM Systems, Inc.                                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     26032 | NS      | $4105506.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners, Inc.              | Pinnacle Financial Partners, Inc.                                     | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     35121 | NS      | $3086784.69   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                                 | Exelixis, Inc.                                                        | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    118706 | NS      | $4299531.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                 | California Water Service Group                                        | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     27987 | NS      | $1272568.89   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity, Inc.                             | HealthEquity, Inc.                                                    | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     40108 | NS      | $3890476.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                        | United Bankshares, Inc.                                               | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     66067 | NS      | $2346699.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                  | Popular, Inc.                                                         | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     30297 | NS      | $3471430.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                 | Coherent Corp.                                                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     72223 | NS      | $7771194.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear, Inc.                                | Maplebear, Inc.                                                       | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86627 | NS      | $4155497.19   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                       | Skyworks Solutions, Inc.                                              | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     73829 | NS      | $5060239.66   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp.                        | National Beverage Corp.                                               | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     12538 | NS      | $574491.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical, Inc.                           | Globus Medical, Inc., Class A                                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     54191 | NS      | $2852072.33   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                         | Lincoln National Corp.                                                | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     79391 | NS      | $3025591.01   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy, Inc.                           | Enphase Energy, Inc.                                                  | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     61830 | NS      | $2000818.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.               | Old Republic International Corp.                                      | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    108319 | NS      | $3917898.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                      | Insight Enterprises, Inc.                                             | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     13097 | NS      | $1553042.26   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax, Inc.                                   | CarMax, Inc.                                                          | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71663 | NS      | $4056842.43   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                                   | Genpact Ltd.                                                          | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     70292 | NS      | $3096362.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                            | Regal Rexnord Corp.                                                   | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     31204 | NS      | $4770467.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                            | Rithm Capital Corp.                                                   | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    249904 | NS      | $3006345.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity, Inc.                                   | Acuity, Inc.                                                          | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14117 | NS      | $4395327.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.                | Northwestern Energy Group, Inc.                                       | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     27099 | NS      | $1455216.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp.                          | Pilgrim's Pride Corp.                                                 | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     19527 | NS      | $925384.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical, Inc.                | Ultragenyx Pharmaceutical, Inc.                                       | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     41812 | NS      | $1142303.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp.                                | NewMarket Corp.                                                       | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      3397 | NS      | $2333739.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent, Inc.                                 | Exponent, Inc.                                                        | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     23807 | NS      | $1641730.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys, Inc.                                   | Qualys, Inc.                                                          | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     16480 | NS      | $2192993.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group, Inc. (The)                       | Ensign Group, Inc. (The)                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     27128 | NS      | $4069200.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                         | Amkor Technology, Inc.                                                | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     53507 | NS      | $1207117.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies, Inc.                    | ZoomInfo Technologies, Inc.                                           | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    140656 | NS      | $1523304.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                     | Performance Food Group Co.                                            | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     73105 | NS      | $7339742.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva, Inc.                                  | Workiva, Inc.                                                         | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     24412 | NS      | $1558217.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation, Inc.                        | Aurora Innovation, Inc.                                               | CUSIP: 051774107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    505407 | NS      | $2936414.67   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                             | Ralph Lauren Corp.                                                    | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     18137 | NS      | $5418428.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                     | Bio-Rad Laboratories, Inc., Class A                                   | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      9189 | NS      | $2223278.55   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings, Inc.                     | MarketAxess Holdings, Inc.                                            | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     17478 | NS      | $3591729.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.                | Universal Health Services, Inc., Class B                              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     26299 | NS      | $4377468.55   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund  | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |  38512892 | NS      | $38512891.90  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft, Inc.                                     | Lyft, Inc., Class A                                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    184360 | NS      | $2592101.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                        | Universal Display Corp.                                               | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22250 | NS      | $3212900.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                            | UMB Financial Corp.                                                   | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     33772 | NS      | $3714582.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                     | Axis Capital Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |     35655 | NS      | $3345865.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.                | Lincoln Electric Holdings, Inc.                                       | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     26377 | NS      | $6422799.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                                   | Natera, Inc.                                                          | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61891 | NS      | $8272351.06   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems, Inc.                | Advanced Drainage Systems, Inc.                                       | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     32491 | NS      | $3728342.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica, Inc.                              | Informatica, Inc., Class A                                            | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |     79370 | NS      | $1960439.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics, Inc.                            | GXO Logistics, Inc.                                                   | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     54999 | NS      | $2734000.29   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp.                                 | Celanese Corp.                                                        | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     48500 | NS      | $2533155.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                   | Mattel, Inc.                                                          | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    151862 | NS      | $2583172.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                | Blackstone Mortgage Trust, Inc., Class A                              | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     77377 | NS      | $1429926.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Loar Holdings, Inc.                            | Loar Holdings, Inc.                                                   | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10845 | NS      | $801553.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                                | Brunswick Corp.                                                       | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     29474 | NS      | $1718039.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                           | UFP Industries, Inc.                                                  | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     28577 | NS      | $2800546.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc.                      | Darling Ingredients, Inc.                                             | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     69088 | NS      | $2237069.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                       | Cousins Properties, Inc.                                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     73764 | NS      | $1999004.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp.                                   | Cognex Corp.                                                          | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     75823 | NS      | $3091303.71   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co., Inc.                | Simpson Manufacturing Co., Inc.                                       | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     19760 | NS      | $3545536.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                             | Ryder System, Inc.                                                    | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     19131 | NS      | $3399770.01   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                               | Royal Gold, Inc.                                                      | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     30957 | NS      | $4687508.94   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries, Inc.                         | Chart Industries, Inc.                                                | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     21154 | NS      | $4206049.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp.                           | Exact Sciences Corp.                                                  | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     86583 | NS      | $4065071.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                          | Williams-Sonoma, Inc.                                                 | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     57893 | NS      | $10828885.65  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions, Inc.                        | Element Solutions, Inc.                                               | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    102999 | NS      | $2430776.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings, Inc.                      | ExlService Holdings, Inc.                                             | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     76317 | NS      | $3314447.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp.                                  | Sandisk Corp.                                                         | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54725 | NS      | $2348797.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp.                                | TD SYNNEX Corp.                                                       | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     35236 | NS      | $5087726.04   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                         | Encompass Health Corp.                                                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     45348 | NS      | $4993268.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                      | APA Corp.                                                             | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    169407 | NS      | $3267861.03   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON, Inc.                                     | AAON, Inc.                                                            | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31767 | NS      | $2652544.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                    | Prosperity Bancshares, Inc.                                           | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42571 | NS      | $2836080.02   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                        | Columbia Sportswear Co.                                               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     12349 | NS      | $698582.93    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd.           | White Mountains Insurance Group Ltd.                                  | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | BM        |      1127 | NS      | $2014850.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                                | JBT Marel Corp.                                                       | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     24292 | NS      | $3347437.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline, Inc.                                | Valvoline, Inc.                                                       | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     59834 | NS      | $2109148.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                        | Jackson Financial, Inc., Class A                                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     33532 | NS      | $2936061.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos., Inc. (The)          | Interpublic Group of Cos., Inc. (The)                                 | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    174059 | NS      | $4281851.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings, Inc.                       | TKO Group Holdings, Inc.                                              | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32205 | NS      | $5410762.05   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                           | Federal Signal Corp.                                                  | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     28683 | NS      | $3630407.31   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp.                    | Sensient Technologies Corp.                                           | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     19870 | NS      | $2231202.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings, Inc.                            | Herc Holdings, Inc.                                                   | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     14555 | NS      | $1700169.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                   | Invesco Ltd.                                                          | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |    160808 | NS      | $3378576.08   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT, Inc.                                      | ADT, Inc.                                                             | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162463 | NS      | $1356566.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                                | Gap, Inc. (The)                                                       | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    111274 | NS      | $2165392.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics, Inc.                     | Sarepta Therapeutics, Inc.                                            | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     44635 | NS      | $732906.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                            | Kilroy Realty Corp.                                                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     50662 | NS      | $1867401.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co. (The)                    | Simply Good Foods Co. (The)                                           | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40749 | NS      | $1241214.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies, Inc.                        | SoFi Technologies, Inc.                                               | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    507429 | NS      | $11457746.82  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse, Inc.                               | Littelfuse, Inc.                                                      | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     11723 | NS      | $3016679.59   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                                | Whirlpool Corp.                                                       | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     26153 | NS      | $2171745.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Alaska Air Group, Inc.                         | Alaska Air Group, Inc.                                                | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     55071 | NS      | $2916560.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp.                       | Magnolia Oil & Gas Corp., Class A                                     | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82887 | NS      | $1974368.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Therapeutics, Inc.                      | Summit Therapeutics, Inc.                                             | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53169 | NS      | $1402066.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Five Below, Inc.                               | Five Below, Inc.                                                      | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     25422 | NS      | $3470611.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                      | MDU Resources Group, Inc.                                             | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92123 | NS      | $1589121.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                         | BWX Technologies, Inc.                                                | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     43081 | NS      | $6545296.33   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co.                  | Graphic Packaging Holding Co.                                         | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129400 | NS      | $2893384.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty, Inc.                               | elf Beauty, Inc.                                                      | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     23680 | NS      | $2869779.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp.                            | TFS Financial Corp.                                                   | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24835 | NS      | $325586.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings, Inc.                         | Generac Holdings, Inc.                                                | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     28064 | NS      | $5463780.16   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX, Inc.                                      | WEX, Inc.                                                             | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     14797 | NS      | $2510754.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group, Inc.                               | Cava Group, Inc.                                                      | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46108 | NS      | $4057965.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp.                                       | VF Corp.                                                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    155035 | NS      | $1817010.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group, Inc.                        | Avis Budget Group, Inc.                                               | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      8207 | NS      | $1397159.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co.                            | Sonoco Products Co.                                                   | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     45976 | NS      | $2072138.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce, Inc.                             | SPS Commerce, Inc.                                                    | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     17789 | NS      | $1936599.49   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings, Inc.                 | Life Time Group Holdings, Inc.                                        | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56939 | NS      | $1635288.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp.                                   | Chemed Corp.                                                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      6866 | NS      | $2830851.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half, Inc.                              | Robert Half, Inc.                                                     | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     47534 | NS      | $1754479.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                            | Clean Harbors, Inc.                                                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     24009 | NS      | $5661562.29   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte, Inc.                                  | Vaxcyte, Inc.                                                         | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     54016 | NS      | $1833843.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp.                               | Murphy Oil Corp.                                                      | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     62613 | NS      | $1553428.53   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies, Inc.                     | Procore Technologies, Inc.                                            | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     55508 | NS      | $3976038.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes, Inc.                         | Federated Hermes, Inc.                                                | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     38008 | NS      | $1884056.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp.                                   | Avista Corp.                                                          | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     37722 | NS      | $1407030.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp.                        | Liberty Broadband Corp., Class C                                      | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     49392 | NS      | $3028717.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings, Inc.          | Ollie's Bargain Outlet Holdings, Inc.                                 | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     29048 | NS      | $3968828.24   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                               | SouthState Corp.                                                      | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     45810 | NS      | $4313927.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply, Inc.                 | SiteOne Landscape Supply, Inc.                                        | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     20967 | NS      | $2889881.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce, Inc.                                 | Dayforce, Inc.                                                        | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     73367 | NS      | $4231074.89   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                              | Black Hills Corp.                                                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     33936 | NS      | $1960822.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies, Inc.                       | Lumen Technologies, Inc.                                              | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    428479 | NS      | $1906731.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics, Inc.                      | Axsome Therapeutics, Inc.                                             | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     18476 | NS      | $1873096.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp.                                 | GameStop Corp., Class A                                               | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    191686 | NS      | $4303350.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | S&P MidCap 400 E-Mini Index                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        45 | NC      | $581829.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                         | Antero Resources Corp.                                                | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    124494 | NS      | $4348575.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.                          | Eagle Materials, Inc.                                                 | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     15655 | NS      | $3511259.95   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings, Inc.              | Spirit AeroSystems Holdings, Inc., Class A                            | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52797 | NS      | $2080201.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp.                                | API Group Corp.                                                       | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    145799 | NS      | $5258969.93   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital, Inc.                         | Blue Owl Capital, Inc.                                                | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    271584 | NS      | $5255150.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik, Inc.                                   | Rubrik, Inc., Class A                                                 | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     48082 | NS      | $4565385.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                         | Tenet Healthcare Corp.                                                | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     44027 | NS      | $7100674.56   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                      | American States Water Co.                                             | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     18146 | NS      | $1335364.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                        | Synovus Financial Corp.                                               | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     65472 | NS      | $3092897.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                   | Macy's, Inc.                                                          | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    123529 | NS      | $1560171.27   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. plc                                | Perrigo Co. plc                                                       | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |     60663 | NS      | $1617882.21   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                   | Cadence Bank                                                          | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     84873 | NS      | $2957824.05   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp.                         | Antero Midstream Corp.                                                | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    148747 | NS      | $2729507.45   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands, Inc.                          | BellRing Brands, Inc.                                                 | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     60089 | NS      | $3279657.62   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co.                           | Travel + Leisure Co.                                                  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     30108 | NS      | $1783899.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co.                          | Matador Resources Co.                                                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     52450 | NS      | $2616206.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd.                            | Liberty Global Ltd., Class C                                          | CUSIP: N/A<br>LEI: 213800HRMKKTYH7SKA24       | Long             | EC               | CORP              | BM        |     66695 | NS      | $682289.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR, Inc.                                      | KBR, Inc.                                                             | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     62162 | NS      | $2905451.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated, Inc.                   | Coca-Cola Consolidated, Inc.                                          | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     24607 | NS      | $2749832.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup, Inc.                               | AptarGroup, Inc.                                                      | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     30905 | NS      | $4856411.70   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs, Inc.                         | Cleveland-Cliffs, Inc.                                                | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    222767 | NS      | $2343508.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.                   | Casey's General Stores, Inc.                                          | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     17138 | NS      | $8913987.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.            | First Industrial Realty Trust, Inc.                                   | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56910 | NS      | $2772655.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp.                                  | Oshkosh Corp.                                                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     28262 | NS      | $3575990.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics, Inc.                      | Viking Therapeutics, Inc.                                             | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |     49802 | NS      | $1622051.14   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Silicon Laboratories, Inc.                     | Silicon Laboratories, Inc.                                            | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     15226 | NS      | $2006330.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises, Inc.                         | Rush Enterprises, Inc., Class A                                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     29534 | NS      | $1598970.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.            | Huntington Ingalls Industries, Inc.                                   | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     18452 | NS      | $5145524.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)            | Hanover Insurance Group, Inc. (The)                                   | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     16229 | NS      | $2785383.27   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp.                          | Freedom Holding Corp.                                                 | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | US        |      8570 | NS      | $1592434.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Light & Wonder, Inc.                           | Light & Wonder, Inc.                                                  | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     39938 | NS      | $3846828.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings, Inc.                          | Affirm Holdings, Inc.                                                 | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125297 | NS      | $8590362.32   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety, Inc.                               | MSA Safety, Inc.                                                      | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     17487 | NS      | $3110412.69   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore, Inc.                                 | Evercore, Inc., Class A                                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     17588 | NS      | $5296450.32   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO, Inc.                                      | QXO, Inc.                                                             | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276702 | NS      | $5550642.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd.                    | Axalta Coating Systems Ltd.                                           | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | BM        |     97178 | NS      | $2752080.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp.                                    | Ciena Corp.                                                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     66583 | NS      | $6181565.72   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV, Inc.                                      | NOV, Inc.                                                             | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    170586 | NS      | $2145971.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp.                                     | AGCO Corp.                                                            | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     28053 | NS      | $3309412.41   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                  | Sanmina Corp.                                                         | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     23355 | NS      | $2710114.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                            | Post Holdings, Inc.                                                   | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     23529 | NS      | $2489603.49   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                                | Primerica, Inc.                                                       | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     15575 | NS      | $4137187.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath, Inc.                                   | UiPath, Inc., Class A                                                 | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    201494 | NS      | $2367554.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra, Inc.                                 | Penumbra, Inc.                                                        | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     17515 | NS      | $4418509.05   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates, Inc.                     | Manhattan Associates, Inc.                                            | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     28497 | NS      | $6259651.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.                | Rexford Industrial Realty, Inc.                                       | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    111312 | NS      | $4066227.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's, Inc.                                | Dillard's, Inc., Class A                                              | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      1865 | NS      | $870824.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohen & Steers, Inc.                           | Cohen & Steers, Inc.                                                  | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     12980 | NS      | $954808.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                             | Henry Schein, Inc.                                                    | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     49592 | NS      | $3354898.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems, Inc.                     | Allegro MicroSystems, Inc.                                            | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58037 | NS      | $1822942.17   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara, Inc.                                  | Samsara, Inc., Class A                                                | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125143 | NS      | $4759188.29   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG, Inc.                                      | TPG, Inc.                                                             | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     47008 | NS      | $2682746.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                              | TXNM Energy, Inc.                                                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     43140 | NS      | $2449920.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                        | Mohawk Industries, Inc.                                               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     23244 | NS      | $2661670.44   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint, Inc.                                | SailPoint, Inc.                                                       | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28326 | NS      | $632802.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| RenaissanceRe Holdings Ltd.                    | RenaissanceRe Holdings Ltd.                                           | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |     21619 | NS      | $5269415.06   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness, Inc.                           | Planet Fitness, Inc., Class A                                         | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     38216 | NS      | $4172805.04   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                | Independence Realty Trust, Inc.                                       | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    104555 | NS      | $1753387.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation, Inc.                          | Archer Aviation, Inc., Class A                                        | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207567 | NS      | $2081897.01   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop, Inc.                                 | Wingstop, Inc.                                                        | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     13149 | NS      | $4961643.66   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises, Inc.                         | Rush Enterprises, Inc., Class B                                       | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      3671 | NS      | $199372.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                   | Stanley Black & Decker, Inc.                                          | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     72029 | NS      | $4872761.85   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group, Inc.                  | American Airlines Group, Inc.                                         | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    304585 | NS      | $3499681.65   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products, Inc.              | Installed Building Products, Inc.                                     | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     10917 | NS      | $2208399.93   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co.                             | Erie Indemnity Co., Class A                                           | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |     11862 | NS      | $4225718.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International, Inc.                        | RPM International, Inc.                                               | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     60648 | NS      | $7120681.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey, Inc.                           | Houlihan Lokey, Inc.                                                  | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     25459 | NS      | $4854012.94   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp.                            | BOK Financial Corp.                                                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      9577 | NS      | $972352.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS, Inc.                                      | MKS, Inc.                                                             | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     24803 | NS      | $2360749.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp.                                  | Vontier Corp.                                                         | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     69754 | NS      | $2892698.38   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                          | Commercial Metals Co.                                                 | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     49896 | NS      | $2587606.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                | Bunge Global SA                                                       | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |     62941 | NS      | $5020174.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main, Inc.                              | Core & Main, Inc., Class A                                            | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79119 | NS      | $5035133.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy, Inc.                             | Viper Energy, Inc.                                                    | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     61671 | NS      | $2322529.86   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                     | Cullen/Frost Bankers, Inc.                                            | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     28340 | NS      | $3610799.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                             | Pure Storage, Inc., Class A                                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    144618 | NS      | $8607663.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International, Inc.                 | Somnigroup International, Inc.                                        | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     87873 | NS      | $6360247.74   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                 | Wyndham Hotels & Resorts, Inc.                                        | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     34405 | NS      | $2958830.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                       | Western Alliance Bancorp                                              | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     51970 | NS      | $4030793.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                               | Paramount Global, Class B                                             | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    293709 | NS      | $3691922.13   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co., Inc.                | MSC Industrial Direct Co., Inc., Class A                              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     18722 | NS      | $1621699.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance, Inc.                                 | Reliance, Inc.                                                        | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     24757 | NS      | $7182748.41   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp.                                   | Masimo Corp.                                                          | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     22179 | NS      | $3410908.41   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                  | Asbury Automotive Group, Inc.                                         | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      8541 | NS      | $1897126.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd.                              | Wynn Resorts Ltd.                                                     | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     39323 | NS      | $4287386.69   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co.                                  | Organon & Co.                                                         | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    116356 | NS      | $1128653.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo, Inc.                                 | Duolingo, Inc.                                                        | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18325 | NS      | $6350528.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp.                     | California Resources Corp.                                            | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     29901 | NS      | $1440630.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris, Inc.                                  | Viatris, Inc.                                                         | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    564764 | NS      | $4936037.36   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                       | Guidewire Software, Inc.                                              | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     39225 | NS      | $8873479.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co., Inc.                                 | Trex Co., Inc.                                                        | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50425 | NS      | $3239302.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.       | Science Applications International Corp.                              | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     22116 | NS      | $2465491.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products, Inc.               | Reynolds Consumer Products, Inc.                                      | CUSIP: 76171L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25632 | NS      | $576463.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings, Inc.      | MACOM Technology Solutions Holdings, Inc.                             | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29777 | NS      | $4083617.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group plc                      | Janus Henderson Group plc                                             | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | JE        |     55982 | NS      | $2424020.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO, Inc.                                      | XPO, Inc.                                                             | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     55450 | NS      | $6670080.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp.                        | WillScot Holdings Corp.                                               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     86288 | NS      | $2532552.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.                  | Penske Automotive Group, Inc.                                         | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |      9344 | NS      | $1564279.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire, Inc.                                    | Spire, Inc.                                                           | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     27275 | NS      | $2031169.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries, Inc.                          | Thor Industries, Inc.                                                 | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     24102 | NS      | $2193040.98   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| HB Fuller Co.                                  | HB Fuller Co.                                                         | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     24515 | NS      | $1377743.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp.                                     | Lear Corp.                                                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     25205 | NS      | $2376579.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta, Inc.                                  | Novanta, Inc.                                                         | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     16791 | NS      | $2065628.82   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust, Inc.                   | Americold Realty Trust, Inc.                                          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    117573 | NS      | $1890573.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp.                             | Primo Brands Corp.                                                    | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     96773 | NS      | $2671902.53   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services, Inc.              | PennyMac Financial Services, Inc.                                     | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     13340 | NS      | $1242487.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation, Inc.                          | Onto Innovation, Inc.                                                 | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     23129 | NS      | $2191472.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares, Inc.                      | Commerce Bancshares, Inc.                                             | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61475 | NS      | $3762270.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                 | American Financial Group, Inc.                                        | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     33715 | NS      | $4211003.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden, Inc.                                   | Belden, Inc.                                                          | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     18079 | NS      | $2235468.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                          | Clearway Energy, Inc., Class C                                        | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     38786 | NS      | $1265587.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics, Inc.                     | Corcept Therapeutics, Inc.                                            | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     45575 | NS      | $3061272.75   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma, Inc.                         | Bridgebio Pharma, Inc.                                                | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     65963 | NS      | $3118071.01   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne, Inc.                              | SentinelOne, Inc., Class A                                            | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |    147318 | NS      | $2701812.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine, Inc.                                | BlackLine, Inc.                                                       | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     23601 | NS      | $1269261.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                    | Dick's Sporting Goods, Inc.                                           | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     26391 | NS      | $5581960.41   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp.                 | First American Financial Corp.                                        | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     46532 | NS      | $2794246.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings, Inc.                  | Ryan Specialty Holdings, Inc.                                         | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49430 | NS      | $3024621.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.               | Advanced Energy Industries, Inc.                                      | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     17776 | NS      | $2469441.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp.                                  | Nordson Corp.                                                         | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |     24476 | NS      | $5243003.96   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ, Inc.                                     | IonQ, Inc.                                                            | CUSIP: 46222L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118659 | NS      | $4730934.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Union Co. (The)                        | Western Union Co. (The)                                               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    155444 | NS      | $1251324.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares, Inc.               | First Financial Bankshares, Inc.                                      | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     56692 | NS      | $1962677.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                           | Terreno Realty Corp.                                                  | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47575 | NS      | $2639936.75   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group, Inc.                             | TriNet Group, Inc.                                                    | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     12293 | NS      | $833588.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                                 | NNN REIT, Inc.                                                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     88520 | NS      | $3652335.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103280 | NS      | $2270094.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp.               | Zurn Elkay Water Solutions Corp.                                      | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     71279 | NS      | $3154095.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                      | MGM Resorts International                                             | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     93620 | NS      | $3412449.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                       | Franklin Resources, Inc.                                              | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    134737 | NS      | $3233688.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                               | AutoNation, Inc.                                                      | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13038 | NS      | $2511640.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc                     | Gates Industrial Corp. plc                                            | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    115127 | NS      | $2855149.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave, Inc.                                | CoreWeave, Inc., Class A                                              | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     17676 | NS      | $2017361.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Rocket Lab Corp.                               | Rocket Lab Corp.                                                      | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164784 | NS      | $7566881.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co., Inc.                    | Franklin Electric Co., Inc.                                           | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     18672 | NS      | $1754234.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA, Inc.                      | Comfort Systems USA, Inc.                                             | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     16590 | NS      | $11667747.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.                  | Columbia Banking System, Inc.                                         | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94259 | NS      | $2243364.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.               | Armstrong World Industries, Inc.                                      | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     20423 | NS      | $3842995.91   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp.                                    | Alcoa Corp.                                                           | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    122881 | NS      | $3682743.57   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                                           | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     95972 | NS      | $2560532.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                    | Avnet, Inc.                                                           | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     40683 | NS      | $2153758.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive, Inc.                        | Rivian Automotive, Inc., Class A                                      | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    358853 | NS      | $4618438.11   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Nutanix, Inc.                                  | Nutanix, Inc., Class A                                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    120408 | NS      | $9051069.36   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.                | Selective Insurance Group, Inc.                                       | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     28523 | NS      | $2223938.31   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics, Inc.                    | Halozyme Therapeutics, Inc.                                           | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     58155 | NS      | $3487555.35   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                             | Badger Meter, Inc.                                                    | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     13802 | NS      | $2605265.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.             | Ryman Hospitality Properties, Inc.                                    | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     27461 | NS      | $2610442.66   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp.                               | Otter Tail Corp.                                                      | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19479 | NS      | $1503389.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor, Inc.                                  | Avantor, Inc.                                                         | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    318420 | NS      | $4279564.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco, Inc.                                    | Graco, Inc.                                                           | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     79380 | NS      | $6666332.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA, Inc.                               | Murphy USA, Inc.                                                      | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      9011 | NS      | $3266307.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations, Inc.                   | Hilton Grand Vacations, Inc.                                          | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     27923 | NS      | $1251508.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global, Inc.                           | Remitly Global, Inc.                                                  | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73197 | NS      | $1207750.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems, Inc.                  | Inspire Medical Systems, Inc.                                         | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     13885 | NS      | $1729237.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp.                                   | Hexcel Corp.                                                          | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     37855 | NS      | $2267893.05   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp.                            | First Horizon Corp.                                                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    231387 | NS      | $5046550.47   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier, Inc.                                 | Rayonier, Inc.                                                        | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     66406 | NS      | $1547923.86   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings, Inc.                         | Celsius Holdings, Inc.                                                | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77002 | NS      | $3491270.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare, Inc.             | Prestige Consumer Healthcare, Inc.                                    | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22026 | NS      | $1628822.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors, Inc.                            | Lithia Motors, Inc., Class A                                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     12242 | NS      | $3525696.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                                 | Tapestry, Inc.                                                        | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     97456 | NS      | $10528171.68  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT, Inc.                                      | ITT, Inc.                                                             | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     38611 | NS      | $6562325.56   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums, Inc.                             | Interparfums, Inc.                                                    | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8515 | NS      | $1026909.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund     | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        |  13221276 | NS      | $13221275.70  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                      | BXP, Inc.                                                             | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     67966 | NS      | $4447015.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings, Inc.                           | Enact Holdings, Inc.                                                  | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     14839 | NS      | $515803.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp.                          | AGNC Investment Corp.                                                 | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    444968 | NS      | $4196048.24   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Maximus, Inc.                                  | Maximus, Inc.                                                         | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     26372 | NS      | $1947835.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                   | Hasbro, Inc.                                                          | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     61794 | NS      | $4644437.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                              | Boyd Gaming Corp.                                                     | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     27452 | NS      | $2330674.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                                  | Glaukos Corp.                                                         | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     24964 | NS      | $2149150.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                         | OneMain Holdings, Inc.                                                | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     56334 | NS      | $3255541.86   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                            | SEI Investments Co.                                                   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     45288 | NS      | $3990778.56   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                    | Pinnacle West Capital Corp.                                           | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     56179 | NS      | $5090940.98   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust, Inc.                  | Healthcare Realty Trust, Inc.                                         | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    160822 | NS      | $2470225.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp.                          | Waystar Holding Corp.                                                 | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37465 | NS      | $1385455.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                     | Unum Group                                                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     75486 | NS      | $5420649.66   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                                   | Arcosa, Inc.                                                          | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     21622 | NS      | $1856897.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Co. (The)                             | Marzetti Co. (The)                                                    | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      9583 | NS      | $1703474.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                           | Vornado Realty Trust                                                  | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76593 | NS      | $2942703.06   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings, Inc.                | Dun & Bradstreet Holdings, Inc.                                       | CUSIP: 26484T106<br>LEI: 254900LNALVKD1ZX7U27 | Long             | EC               | CORP              | US        |    147910 | NS      | $1345981.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy, Inc.                                     | Etsy, Inc.                                                            | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     49043 | NS      | $2857735.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp.                               | Sealed Air Corp.                                                      | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     66399 | NS      | $1943498.73   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                        | Arrow Electronics, Inc.                                               | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     22291 | NS      | $2585756.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group, Inc.                              | Lucid Group, Inc.                                                     | CUSIP: 549498103<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | EC               | CORP              | US        |    580430 | NS      | $1427857.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| U-Haul Holding Co.                             | U-Haul Holding Co.                                                    | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      3585 | NS      | $207428.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud, Inc.                                | Blackbaud, Inc.                                                       | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     17788 | NS      | $1199266.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                            | Donaldson Co., Inc.                                                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     56769 | NS      | $4085664.93   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International, Inc.                      | WESCO International, Inc.                                             | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     22559 | NS      | $4668810.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                | Affiliated Managers Group, Inc.                                       | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     13483 | NS      | $2829677.21   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                    | Qorvo, Inc.                                                           | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     40007 | NS      | $3344585.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets, Inc.                         | Tradeweb Markets, Inc., Class A                                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54632 | NS      | $7569263.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr. Cooper Group, Inc.                         | Mr. Cooper Group, Inc.                                                | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     27258 | NS      | $4244615.76   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp.                                      | FNB Corp.                                                             | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    152184 | NS      | $2331458.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.            | Allison Transmission Holdings, Inc.                                   | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     40122 | NS      | $3613788.54   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs, Inc.                              | Astera Labs, Inc.                                                     | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61554 | NS      | $8416278.42   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                  | IDACORP, Inc.                                                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     24209 | NS      | $3034113.97   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings, Inc.                          | Karman Holdings, Inc.                                                 | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16693 | NS      | $863028.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Southwest Gas Holdings, Inc.                   | Southwest Gas Holdings, Inc.                                          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     27738 | NS      | $2167447.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                         | CRISPR Therapeutics AG                                                | CUSIP: N/A<br>LEI: 506700O6IRRIQLT3W370       | Long             | EC               | CORP              | CH        |     40615 | NS      | $2284999.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| RH                                             | RH                                                                    | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      7166 | NS      | $1473472.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                        | EnerSys                                                               | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     17855 | NS      | $1649266.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd.                            | Liberty Global Ltd., Class A                                          | CUSIP: N/A<br>LEI: 213800HRMKKTYH7SKA24       | Long             | EC               | CORP              | BM        |     78046 | NS      | $782020.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp.                     | Carpenter Technology Corp.                                            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     22375 | NS      | $5580101.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                      | Essential Utilities, Inc.                                             | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    117913 | NS      | $4339198.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International, Inc.                       | CACI International, Inc., Class A                                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     10342 | NS      | $4763214.94   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems, Inc.                        | Commvault Systems, Inc.                                               | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     20595 | NS      | $3912020.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs, Inc.                          | Churchill Downs, Inc.                                                 | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     32575 | NS      | $3486828.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                        | Euronet Worldwide, Inc.                                               | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     19110 | NS      | $1857109.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.                           | Voya Financial, Inc.                                                  | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     45202 | NS      | $3164140.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                    | Brighthouse Financial, Inc.                                           | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     27518 | NS      | $1316736.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                             | U-Haul Holding Co.                                                    | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     45630 | NS      | $2372760.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                          | STAG Industrial, Inc.                                                 | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     87941 | NS      | $3019014.53   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                | Albemarle Corp.                                                       | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     55190 | NS      | $3744641.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health, Inc.                     | Elanco Animal Health, Inc.                                            | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    223633 | NS      | $3059299.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                      | PVH Corp.                                                             | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     24532 | NS      | $1801139.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                             | Cirrus Logic, Inc.                                                    | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     25019 | NS      | $2519663.49   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                    | Phillips Edison & Co., Inc.                                           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |     56201 | NS      | $1899031.79   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse, Inc.                          | Texas Roadhouse, Inc.                                                 | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     31439 | NS      | $5820302.07   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co.                               | Hecla Mining Co.                                                      | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    267911 | NS      | $1537809.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International plc                  | Weatherford International plc                                         | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     34438 | NS      | $1947468.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co. (The)                                 | Toro Co. (The)                                                        | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     46992 | NS      | $3489156.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.                  | Portland General Electric Co.                                         | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     51555 | NS      | $2119941.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                  | ONE Gas, Inc.                                                         | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     26918 | NS      | $1956938.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                             | DT Midstream, Inc.                                                    | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46150 | NS      | $4740989.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                      | Crane Co.                                                             | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     23215 | NS      | $4544800.55   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                        | Bath & Body Works, Inc.                                               | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     96509 | NS      | $2794900.64   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market, Inc.                   | Sprouts Farmers Market, Inc.                                          | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     46173 | NS      | $6997056.42   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                          | Silgan Holdings, Inc.                                                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     41654 | NS      | $1938160.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita, Inc.                                   | DaVita, Inc.                                                          | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     18980 | NS      | $2664222.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp.                             | Hyatt Hotels Corp., Class A                                           | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     18992 | NS      | $2677302.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner, Inc.                               | BorgWarner, Inc.                                                      | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     98141 | NS      | $3611588.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co. (The)                       | New York Times Co. (The), Class A                                     | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     73406 | NS      | $3809037.34   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                      | FMC Corp.                                                             | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     54029 | NS      | $2109292.16   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec, Inc.                                   | MasTec, Inc.                                                          | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     28824 | NS      | $5453789.04   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                        | Webster Financial Corp.                                               | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     76296 | NS      | $4398464.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward, Inc.                                 | Woodward, Inc.                                                        | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     27777 | NS      | $7140911.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd.            | Norwegian Cruise Line Holdings Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    208483 | NS      | $5328825.48   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings, Inc.                       | Sirius XM Holdings, Inc.                                              | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89551 | NS      | $1891317.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp.                             | MP Materials Corp.                                                    | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     58858 | NS      | $3619767.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortune Brands Innovations, Inc.               | Fortune Brands Innovations, Inc.                                      | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     54843 | NS      | $2991137.22   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                                | AES Corp. (The)                                                       | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    334223 | NS      | $4395032.45   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus, Inc.                                   | Rambus, Inc.                                                          | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     50561 | NS      | $3737974.73   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                    | Toast, Inc., Class A                                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    233380 | NS      | $11398279.20  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co. (The)                               | Mosaic Co. (The)                                                      | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    144408 | NS      | $5200132.08   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co. (The)                   | Scotts Miracle-Gro Co. (The)                                          | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     20448 | NS      | $1281271.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                   | Avient Corp.                                                          | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     41068 | NS      | $1296516.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                        | Valley National Bancorp                                               | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    210989 | NS      | $1955868.03   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                                   | Reddit, Inc., Class A                                                 | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55746 | NS      | $8952250.14   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp.                                | Flowserve Corp.                                                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     61769 | NS      | $3461534.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares, Inc.                          | Home BancShares, Inc.                                                 | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86771 | NS      | $2443471.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                             | Vail Resorts, Inc.                                                    | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     16627 | NS      | $2498373.02   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                           | Eastman Chemical Co.                                                  | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     54300 | NS      | $3942723.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                   | Brixmor Property Group, Inc.                                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    143938 | NS      | $3761099.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd.                             | FTAI Aviation Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     47748 | NS      | $6570602.28   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                              | EMCOR Group, Inc.                                                     | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     20958 | NS      | $13150935.42  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate plc                                  | Clarivate plc                                                         | CUSIP: N/A<br>LEI: 549300WDHIIODXFO0R55       | Long             | EC               | CORP              | JE        |    158695 | NS      | $610975.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                      | SLM Corp.                                                             | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92959 | NS      | $2956096.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp.                                | Air Lease Corp.                                                       | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     44524 | NS      | $2466629.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy, Inc.                                    | Chewy, Inc., Class A                                                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    103458 | NS      | $3796908.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings, Inc.       | CCC Intelligent Solutions Holdings, Inc.                              | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239673 | NS      | $2317637.91   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes plc                                   | Alkermes plc                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     74181 | NS      | $1965054.69   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                          | National Fuel Gas Co.                                                 | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     42615 | NS      | $3698555.85   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding plc               | Sensata Technologies Holding plc                                      | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | GB        |     67515 | NS      | $2076761.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co.                          | Lamar Advertising Co., Class A                                        | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     40981 | NS      | $5009927.25   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers U.S.A., Inc.                          | Skechers U.S.A., Inc., Class A                                        | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     61818 | NS      | $3909988.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                                | H&R Block, Inc.                                                       | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     62948 | NS      | $3420594.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp. International                    | Service Corp. International                                           | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     66885 | NS      | $5103994.35   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                       | Valmont Industries, Inc.                                              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      9450 | NS      | $3439327.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty, Inc.                                     | Coty, Inc., Class A                                                   | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |    161947 | NS      | $785442.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.                | Jefferies Financial Group, Inc.                                       | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     75132 | NS      | $4332111.12   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp.                                    | Cabot Corp.                                                           | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     23890 | NS      | $1724380.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku, Inc.                                     | Roku, Inc.                                                            | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |     60242 | NS      | $5672386.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp.                                   | Kemper Corp.                                                          | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     26788 | NS      | $1649872.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                           | FTI Consulting, Inc.                                                  | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     16109 | NS      | $2679732.15   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard, Inc.                                   | Lazard, Inc.                                                          | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     41445 | NS      | $2154311.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp.                           | PotlatchDeltic Corp.                                                  | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     34333 | NS      | $1403876.37   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies, Inc.          | Applied Industrial Technologies, Inc.                                 | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     18210 | NS      | $4944015.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co.                              | Sotera Health Co.                                                     | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71785 | NS      | $824809.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp.                                | A O Smith Corp.                                                       | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     53671 | NS      | $3799370.09   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**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