# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-066071
**Filing Date:** 2023-3
**Character Count:** 318200
**Document Hash:** d7242d6e77fb7e187f78250efa578bdd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066071.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066071

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** J.P. Morgan Exchange-Traded Fund Trust
- **CENTRAL INDEX KEY:** 0001485894
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23761660

**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 Diversified Return Emerging Markets Equity ETF (Series ID: S000045407)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000141386 | JPMorgan Diversified Return Emerging Markets Equity ETF | JPEM            |

## Nport-Ex

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**Schedule of Portfolio Investments as of January 31, 2023**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> 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., 2023. |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — 99.8%** | **Common Stocks — 99.8%** | **Common Stocks — 99.8%** |
| **Brazil — 9.5%** | **Brazil — 9.5%** | **Brazil — 9.5%** |
| &nbsp;&nbsp;&nbsp; Ambev SA | 359459 | 968698 |
| &nbsp;&nbsp;&nbsp; Auren Energia SA | 87077 | 265367 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | 129411 | 1040886 |
| &nbsp;&nbsp;&nbsp; Banco Santander Brasil SA | 9086 | 51835 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | 123945 | 924649 |
| &nbsp;&nbsp;&nbsp; Bradespar SA (Preference) | 103124 | 649058 |
| &nbsp;&nbsp;&nbsp; CCR SA | 291788 | 675970 |
| &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA | 113328 | 907731 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo | 49914 | 549159 |
| &nbsp;&nbsp;&nbsp; Cia de Transmissao de Energia Eletrica Paulista (Preference) \* | 113800 | 513146 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | 284252 | 644513 |
| &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621989 |
| &nbsp;&nbsp;&nbsp; Cielo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605092 |
| &nbsp;&nbsp;&nbsp; CPFL Energia SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414264 |
| &nbsp;&nbsp;&nbsp; Dexco SA \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49153 |
| &nbsp;&nbsp;&nbsp; EDP - Energias do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465513 |
| &nbsp;&nbsp;&nbsp; Embraer SA \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740830 |
| &nbsp;&nbsp;&nbsp; Energisa SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162731 |
| &nbsp;&nbsp;&nbsp; Engie Brasil Energia SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333604 |
| &nbsp;&nbsp;&nbsp; Gerdau SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750103 |
| &nbsp;&nbsp;&nbsp; Grendene SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195143 |
| &nbsp;&nbsp;&nbsp; Hypera SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491053 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982223 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458262 |
| &nbsp;&nbsp;&nbsp; M Dias Branco SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243018 |
| &nbsp;&nbsp;&nbsp; Marfrig Global Foods SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168679 |
| &nbsp;&nbsp;&nbsp; Metalurgica Gerdau SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463909 |
| &nbsp;&nbsp;&nbsp; Neoenergia SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34639 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406486 | &nbsp;&nbsp;&nbsp;&nbsp; 2096370 |
| &nbsp;&nbsp;&nbsp; Rumo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475495 |
| &nbsp;&nbsp;&nbsp; Sao Martinho SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328875 |
| &nbsp;&nbsp;&nbsp; SIMPAR SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77451 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604048 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400606 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136576 |
| &nbsp;&nbsp;&nbsp; Transmissora Alianca de Energia Eletrica SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501215 |
| &nbsp;&nbsp;&nbsp; Unipar Carbocloro SA (Preference), Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122526 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227960 | &nbsp;&nbsp;&nbsp;&nbsp; 4260750 |
|  |  | &nbsp;&nbsp; 23375129 |
| **Chile — 1.3%** | **Chile — 1.3%** | **Chile — 1.3%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp;&nbsp;&nbsp; 4323746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472478 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp;&nbsp;&nbsp; 8709505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366144 |
| &nbsp;&nbsp;&nbsp; CAP SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115842 |
| &nbsp;&nbsp;&nbsp; Cencosud SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629580 |
| &nbsp;&nbsp;&nbsp; Cia Cervecerias Unidas SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220873 |
| &nbsp;&nbsp;&nbsp; Cia Sud Americana de Vapores SA | &nbsp;&nbsp;&nbsp;&nbsp; 5916526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513508 |
| &nbsp;&nbsp;&nbsp; Colbun SA | &nbsp;&nbsp;&nbsp;&nbsp; 2495435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290398 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chile — continued** | **Chile — continued** | **Chile — continued** |
| &nbsp;&nbsp;&nbsp; Embotelladora Andina SA (Preference), Class B | 107253 | 266060 |
| &nbsp;&nbsp;&nbsp; Enel Americas SA | 2157432 | 285614 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3160497 |
| **China — 26.2%** | **China — 26.2%** | **China — 26.2%** |
| &nbsp;&nbsp;&nbsp; Agile Group Holdings Ltd. \* | 104000 | 33456 |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., Class A | 977700 | 421503 |
| &nbsp;&nbsp;&nbsp; An Hui Wenergy Co. Ltd., Class A \* | 252900 | 166551 |
| &nbsp;&nbsp;&nbsp; Angang Steel Co. Ltd., Class H | 545800 | 168917 |
| &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co. Ltd., Class H | 167000 | 634003 |
| &nbsp;&nbsp;&nbsp; Anhui Expressway Co. Ltd., Class A | 236000 | 276670 |
| &nbsp;&nbsp;&nbsp; ANTA Sports Products Ltd. | 16000 | 242698 |
| &nbsp;&nbsp;&nbsp; BAIC Motor Corp. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140741 |
| &nbsp;&nbsp;&nbsp; Bank of Beijing Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301198 |
| &nbsp;&nbsp;&nbsp; Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 5661000 | &nbsp;&nbsp;&nbsp;&nbsp; 2154943 |
| &nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369133 |
| &nbsp;&nbsp;&nbsp; Bank of Hangzhou Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372061 |
| &nbsp;&nbsp;&nbsp; Baoshan Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315135 |
| &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232613 |
| &nbsp;&nbsp;&nbsp; Bosideng International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384521 |
| &nbsp;&nbsp;&nbsp; BYD Electronic International Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344882 |
| &nbsp;&nbsp;&nbsp; CGN Power Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546529 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1506000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726570 |
| &nbsp;&nbsp;&nbsp; China Coal Energy Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325806 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270944 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2599000 | &nbsp;&nbsp;&nbsp;&nbsp; 1682309 |
| &nbsp;&nbsp;&nbsp; China Everbright Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139497 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345398 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550739 |
| &nbsp;&nbsp;&nbsp; China International Marine Containers Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298833 |
| &nbsp;&nbsp;&nbsp; China Lesso Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234161 |
| &nbsp;&nbsp;&nbsp; China Longyuan Power Group Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343730 |
| &nbsp;&nbsp;&nbsp; China Medical System Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557568 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872384 |
| &nbsp;&nbsp;&nbsp; China Merchants Energy Shipping Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295718 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138586 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378492 |
| &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101433 |
| &nbsp;&nbsp;&nbsp; China National Accord Medicines Corp. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137239 |
| &nbsp;&nbsp;&nbsp; China National Building Material Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521402 |
| &nbsp;&nbsp;&nbsp; China National Chemical Engineering Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163311 |
| &nbsp;&nbsp;&nbsp; China National Nuclear Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314279 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 761357 |
| &nbsp;&nbsp;&nbsp; China Resources Cement Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188534 |
| &nbsp;&nbsp;&nbsp; China Resources Double Crane Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361536 |
| &nbsp;&nbsp;&nbsp; China Resources Gas Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546681 |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584692 |
| &nbsp;&nbsp;&nbsp; China Resources Pharmaceutical Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253844 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. Ltd. | 254000 | 529070 |
| &nbsp;&nbsp;&nbsp; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 53500 | 384754 |
| &nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., Class H | 366500 | 1140775 |
| &nbsp;&nbsp;&nbsp; China South Publishing & Media Group Co. Ltd., Class A | 309900 | 452443 |
| &nbsp;&nbsp;&nbsp; China United Network Communications Ltd., Class A | 702000 | 544473 |
| &nbsp;&nbsp;&nbsp; China Vanke Co. Ltd., Class H | 67300 | 136047 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | 211100 | 650371 |
| &nbsp;&nbsp;&nbsp; Chinese Universe Publishing and Media Group Co. Ltd., Class A | 308900 | 438685 |
| &nbsp;&nbsp;&nbsp; Chongqing Changan Automobile Co. Ltd., Class A | 176930 | 372607 |
| &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial Bank Co. Ltd., Class H | 238000 | 85977 |
| &nbsp;&nbsp;&nbsp; CITIC Ltd. | 613000 | 717316 |
| &nbsp;&nbsp;&nbsp; Citic Pacific Special Steel Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296575 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Energy Transportation Co. Ltd., Class H \* (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97978 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534044 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Ports Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229978 |
| &nbsp;&nbsp;&nbsp; CSG Holding Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170521 |
| &nbsp;&nbsp;&nbsp; CSPC Pharmaceutical Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250845 |
| &nbsp;&nbsp;&nbsp; Daan Gene Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239404 |
| &nbsp;&nbsp;&nbsp; Dali Foods Group Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236120 |
| &nbsp;&nbsp;&nbsp; Daqin Railway Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314616 |
| &nbsp;&nbsp;&nbsp; Datang International Power Generation Co. Ltd., Class H \* | &nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210732 |
| &nbsp;&nbsp;&nbsp; Dongfeng Motor Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128783 |
| &nbsp;&nbsp;&nbsp; Dongguan Development Holdings Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208550 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87100 | &nbsp;&nbsp;&nbsp;&nbsp; 1312312 |
| &nbsp;&nbsp;&nbsp; Fosun International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129589 |
| &nbsp;&nbsp;&nbsp; Fujian Sunner Development Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231397 |
| &nbsp;&nbsp;&nbsp; G-bits Network Technology Xiamen Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241412 |
| &nbsp;&nbsp;&nbsp; GD Power Development Co. Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409429 |
| &nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546425 |
| &nbsp;&nbsp;&nbsp; Guangdong Baolihua New Energy Stock Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404952 |
| &nbsp;&nbsp;&nbsp; Guangxi Guiguan Electric Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276804 |
| &nbsp;&nbsp;&nbsp; Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175245 |
| &nbsp;&nbsp;&nbsp; Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153335 |
| &nbsp;&nbsp;&nbsp; Haitian International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414309 |
| &nbsp;&nbsp;&nbsp; Heilongjiang Agriculture Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430947 |
| &nbsp;&nbsp;&nbsp; Henan Shuanghui Investment & Development Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53338 |
| &nbsp;&nbsp;&nbsp; Hengan International Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295162 |
| &nbsp;&nbsp;&nbsp; Hopson Development Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95693 |
| &nbsp;&nbsp;&nbsp; Huabao Flavours & Fragrances Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182837 |
| &nbsp;&nbsp;&nbsp; Huadian Power International Corp. Ltd., Class H (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 798000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319438 |
| &nbsp;&nbsp;&nbsp; Huadong Medicine Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413207 |
| &nbsp;&nbsp;&nbsp; Huaibei Mining Holdings Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258177 |
| &nbsp;&nbsp;&nbsp; Huapont Life Sciences Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266922 |
| &nbsp;&nbsp;&nbsp; Huaxin Cement Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220485 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207610 |
| &nbsp;&nbsp;&nbsp; Hubei Energy Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235124 |
| &nbsp;&nbsp;&nbsp; Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324350 |
| &nbsp;&nbsp;&nbsp; Hunan Valin Steel Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197828 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | 3425000 | 1832097 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Dian Tou Energy Corp. Ltd., Class A | 202816 | 397177 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia ERDOS Resources Co. Ltd., Class A | 108800 | 270873 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co. Ltd., Class B | 352200 | 529346 |
| &nbsp;&nbsp;&nbsp; Jiangling Motors Corp. Ltd., Class A | 97000 | 216886 |
| &nbsp;&nbsp;&nbsp; Jiangsu Expressway Co. Ltd., Class A | 54000 | 67733 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengli Hydraulic Co. Ltd., Class A | 41756 | 405493 |
| &nbsp;&nbsp;&nbsp; Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | 62600 | 278568 |
| &nbsp;&nbsp;&nbsp; Jiangsu Zhongnan Construction Group Co. Ltd., Class A \* | 260900 | 91783 |
| &nbsp;&nbsp;&nbsp; Jiangsu Zhongtian Technology Co. Ltd., Class A | 149400 | 363318 |
| &nbsp;&nbsp;&nbsp; Joincare Pharmaceutical Group Industry Co. Ltd., Class A | 135200 | 235937 |
| &nbsp;&nbsp;&nbsp; Jointo Energy Investment Co. Ltd. Hebei, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223230 |
| &nbsp;&nbsp;&nbsp; Joyoung Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123296 |
| &nbsp;&nbsp;&nbsp; JOYY, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225997 |
| &nbsp;&nbsp;&nbsp; Kingboard Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616811 |
| &nbsp;&nbsp;&nbsp; KingClean Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314344 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285493 |
| &nbsp;&nbsp;&nbsp; Kweichow Moutai Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp;&nbsp; 1810032 |
| &nbsp;&nbsp;&nbsp; LB Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317318 |
| &nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208000 | &nbsp;&nbsp;&nbsp;&nbsp; 2056218 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218745 |
| &nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd. (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256069 |
| &nbsp;&nbsp;&nbsp; Maanshan Iron & Steel Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89852 |
| &nbsp;&nbsp;&nbsp; Metallurgical Corp. of China Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222815 |
| &nbsp;&nbsp;&nbsp; Nanjing Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276620 |
| &nbsp;&nbsp;&nbsp; Ningbo Sanxing Medical Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242761 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178655 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp; 1017569 |
| &nbsp;&nbsp;&nbsp; Postal Savings Bank of China Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666217 |
| &nbsp;&nbsp;&nbsp; Qingdao Port International Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259487 |
| &nbsp;&nbsp;&nbsp; Qinhuangdao Port Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251680 |
| &nbsp;&nbsp;&nbsp; Sansteel Minguang Co. Ltd. Fujian, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130976 |
| &nbsp;&nbsp;&nbsp; Sany Heavy Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303154 |
| &nbsp;&nbsp;&nbsp; Seazen Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77926 |
| &nbsp;&nbsp;&nbsp; Seazen Holdings Co. Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186010 |
| &nbsp;&nbsp;&nbsp; Shaanxi Coal Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599289 |
| &nbsp;&nbsp;&nbsp; Shandong Buchang Pharmaceuticals Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190952 |
| &nbsp;&nbsp;&nbsp; Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547087 |
| &nbsp;&nbsp;&nbsp; Shandong Publishing & Media Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367654 |
| &nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449508 |
| &nbsp;&nbsp;&nbsp; Shanghai International Port Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286706 |
| &nbsp;&nbsp;&nbsp; Shanghai Pharmaceuticals Holding Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44785 |
| &nbsp;&nbsp;&nbsp; Shanghai Tunnel Engineering Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258109 |
| &nbsp;&nbsp;&nbsp; Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173276 |
| &nbsp;&nbsp;&nbsp; Shanxi Coking Coal Energy Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258531 |
| &nbsp;&nbsp;&nbsp; Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300681 |
| &nbsp;&nbsp;&nbsp; Shenzhen Jinjia Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166901 |
| &nbsp;&nbsp;&nbsp; Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563777 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Shenzhen New Nanshan Holding Group Co. Ltd., Class A \* | 419400 | 239875 |
| &nbsp;&nbsp;&nbsp; Shenzhen Overseas Chinese Town Co. Ltd., Class A | 285600 | 227657 |
| &nbsp;&nbsp;&nbsp; Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A | 52000 | 279462 |
| &nbsp;&nbsp;&nbsp; Sinoma International Engineering Co., Class A | 103700 | 140819 |
| &nbsp;&nbsp;&nbsp; Sino-Ocean Group Holding Ltd. | 550500 | 82857 |
| &nbsp;&nbsp;&nbsp; Sinopharm Group Co. Ltd., Class H | 123200 | 301962 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | 199500 | 344926 |
| &nbsp;&nbsp;&nbsp; Skyworth Digital Co. Ltd., Class A | 112600 | 255265 |
| &nbsp;&nbsp;&nbsp; Tangshan Jidong Cement Co. Ltd., Class A | 124300 | 160094 |
| &nbsp;&nbsp;&nbsp; TangShan Port Group Co. Ltd., Class A | 1122900 | 474439 |
| &nbsp;&nbsp;&nbsp; Tian Di Science & Technology Co. Ltd., Class A | 460100 | 364148 |
| &nbsp;&nbsp;&nbsp; Tianhe Chemicals Group Ltd. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Wanxiang Qianchao Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471227 |
| &nbsp;&nbsp;&nbsp; Weichai Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298699 |
| &nbsp;&nbsp;&nbsp; Weifu High-Technology Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249671 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 899525 |
| &nbsp;&nbsp;&nbsp; Xiamen C & D, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284397 |
| &nbsp;&nbsp;&nbsp; Xinhua Winshare Publishing and Media Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366256 |
| &nbsp;&nbsp;&nbsp; Xinxing Ductile Iron Pipes Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231112 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 553600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545768 |
| &nbsp;&nbsp;&nbsp; Yankuang Energy Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855469 |
| &nbsp;&nbsp;&nbsp; Yintai Gold Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325320 |
| &nbsp;&nbsp;&nbsp; Yuexiu Property Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150417 |
| &nbsp;&nbsp;&nbsp; Yunnan Baiyao Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214395 |
| &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314325 |
| &nbsp;&nbsp;&nbsp; Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174573 |
| &nbsp;&nbsp;&nbsp; Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434378 |
| &nbsp;&nbsp;&nbsp; Zhejiang Semir Garment Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158016 |
| &nbsp;&nbsp;&nbsp; Zhejiang Weixing New Building Materials Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289532 |
| &nbsp;&nbsp;&nbsp; Zhengzhou Coal Mining Machinery Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384143 |
| &nbsp;&nbsp;&nbsp; Zhongsheng Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393244 |
| &nbsp;&nbsp;&nbsp; Zhuzhou Kibing Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230977 |
| &nbsp;&nbsp;&nbsp; Zijin Mining Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625232 |
| &nbsp;&nbsp;&nbsp; Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258115 |
|  |  | &nbsp;&nbsp; 64641625 |
| **Colombia — 0.2%** | **Colombia — 0.2%** | **Colombia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Bancolombia SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460425 |
| &nbsp;&nbsp;&nbsp; Grupo Aval Acciones y Valores SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60213 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520638 |
| **Czech Republic — 0.5%** | **Czech Republic — 0.5%** | **Czech Republic — 0.5%** |
| &nbsp;&nbsp;&nbsp; CEZ A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944520 |
| &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1132579 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |
| &nbsp;&nbsp;&nbsp; Commercial International Bank Egypt SAE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130432 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Greece — 1.1%** | **Greece — 1.1%** | **Greece — 1.1%** |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | 46085 | 726495 |
| &nbsp;&nbsp;&nbsp; JUMBO SA | 30810 | 553277 |
| &nbsp;&nbsp;&nbsp; Mytilineos SA | 32440 | 839225 |
| &nbsp;&nbsp;&nbsp; OPAP SA | 45447 | 682416 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2801413 |
| **Hong Kong — 0.1%** | **Hong Kong — 0.1%** | **Hong Kong — 0.1%** |
| &nbsp;&nbsp;&nbsp; Kingboard Laminates Holdings Ltd. | 236000 | 287759 |
| &nbsp;&nbsp;&nbsp; Nine Dragons Paper Holdings Ltd. | 17000 | 15240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302999 |
| **Hungary — 0.4%** | **Hungary — 0.4%** | **Hungary — 0.4%** |
| &nbsp;&nbsp;&nbsp; Magyar Telekom Telecommunications plc | 112718 | 119675 |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383013 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513366 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1016054 |
| **India — 10.3%** | **India — 10.3%** | **India — 10.3%** |
| &nbsp;&nbsp;&nbsp; Adani Power Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241351 |
| &nbsp;&nbsp;&nbsp; Aurobindo Pharma Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88312 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 538927 |
| &nbsp;&nbsp;&nbsp; Bajaj Holdings & Investment Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75422 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218967 |
| &nbsp;&nbsp;&nbsp; Castrol India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25349 |
| &nbsp;&nbsp;&nbsp; Cipla Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554003 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126421 |
| &nbsp;&nbsp;&nbsp; Dabur India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391962 |
| &nbsp;&nbsp;&nbsp; Divi's Laboratories Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394539 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484784 |
| &nbsp;&nbsp;&nbsp; GAIL India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62860 |
| &nbsp;&nbsp;&nbsp; Glenmark Pharmaceuticals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48307 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851743 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146800 |
| &nbsp;&nbsp;&nbsp; Hindustan Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88971 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77898 | &nbsp;&nbsp;&nbsp;&nbsp; 2457711 |
| &nbsp;&nbsp;&nbsp; Hindustan Zinc Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60326 |
| &nbsp;&nbsp;&nbsp; Housing Development Finance Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54715 | &nbsp;&nbsp;&nbsp;&nbsp; 1761409 |
| &nbsp;&nbsp;&nbsp; ICICI Lombard General Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54292 |
| &nbsp;&nbsp;&nbsp; Indian Oil Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118070 |
| &nbsp;&nbsp;&nbsp; Indus Towers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189378 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225816 | &nbsp;&nbsp;&nbsp;&nbsp; 4253313 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303168 | &nbsp;&nbsp;&nbsp;&nbsp; 1308358 |
| &nbsp;&nbsp;&nbsp; Jindal Steel & Power Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189301 |
| &nbsp;&nbsp;&nbsp; JSW Steel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349932 |
| &nbsp;&nbsp;&nbsp; Mphasis Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76882 |
| &nbsp;&nbsp;&nbsp; Nestle India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636994 |
| &nbsp;&nbsp;&nbsp; NHPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161781 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149342 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25499 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | 239954 | 502576 |
| &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp. Ltd. | 195033 | 347521 |
| &nbsp;&nbsp;&nbsp; Oil India Ltd. | 12720 | 36428 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | 71080 | 189212 |
| &nbsp;&nbsp;&nbsp; Piramal Enterprises Ltd. | 5181 | 54587 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | 144203 | 382678 |
| &nbsp;&nbsp;&nbsp; REC Ltd. | 85721 | 127915 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | 71851 | 2072715 |
| &nbsp;&nbsp;&nbsp; Samvardhana Motherson International Ltd. | 10342 | 9581 |
| &nbsp;&nbsp;&nbsp; Steel Authority of India Ltd. | 99260 | 110486 |
| &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries Ltd. | 41843 | 529792 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49825 | &nbsp;&nbsp;&nbsp;&nbsp; 2056461 |
| &nbsp;&nbsp;&nbsp; Tata Power Co. Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695422 |
| &nbsp;&nbsp;&nbsp; Tata Steel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763799 |
| &nbsp;&nbsp;&nbsp; Tech Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23749 |
| &nbsp;&nbsp;&nbsp; Titan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445670 |
| &nbsp;&nbsp;&nbsp; Torrent Power Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76497 |
| &nbsp;&nbsp;&nbsp; United Breweries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57020 |
| &nbsp;&nbsp;&nbsp; UPL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258540 |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560703 |
| &nbsp;&nbsp;&nbsp; Wipro Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59975 |
| &nbsp;&nbsp;&nbsp; Zydus Lifesciences Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79352 |
|  |  | &nbsp;&nbsp; 25571985 |
| **Indonesia — 3.1%** | **Indonesia — 3.1%** | **Indonesia — 3.1%** |
| &nbsp;&nbsp;&nbsp; Adaro Energy Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2799600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554727 |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1957100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786269 |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2494800 | &nbsp;&nbsp;&nbsp;&nbsp; 1415822 |
| &nbsp;&nbsp;&nbsp; Bukit Asam Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2230900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507185 |
| &nbsp;&nbsp;&nbsp; Charoen Pokphand Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209063 |
| &nbsp;&nbsp;&nbsp; Gudang Garam Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87305 |
| &nbsp;&nbsp;&nbsp; Hanjaya Mandala Sampoerna Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2404800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156599 |
| &nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130272 |
| &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370665 |
| &nbsp;&nbsp;&nbsp; Kalbe Farma Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 3920700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539800 |
| &nbsp;&nbsp;&nbsp; Media Nusantara Citra Tbk. PT \* | &nbsp;&nbsp;&nbsp;&nbsp; 3610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167759 |
| &nbsp;&nbsp;&nbsp; Perusahaan Gas Negara Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 4197100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434447 |
| &nbsp;&nbsp;&nbsp; Sarana Menara Nusantara Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 4064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304377 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 4587900 | &nbsp;&nbsp;&nbsp;&nbsp; 1185663 |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183283 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391395 |
| &nbsp;&nbsp;&nbsp; XL Axiata Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267836 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7692467 |
| **Kuwait — 2.0%** | **Kuwait — 2.0%** | **Kuwait — 2.0%** |
| &nbsp;&nbsp;&nbsp; Agility Public Warehousing Co. KSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556396 |
| &nbsp;&nbsp;&nbsp; Humansoft Holding Co. KSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294863 |
| &nbsp;&nbsp;&nbsp; Kuwait Finance House KSCP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520222 | &nbsp;&nbsp;&nbsp;&nbsp; 1430471 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Kuwait — continued** | **Kuwait — continued** | **Kuwait — continued** |
| &nbsp;&nbsp;&nbsp; Mobile Telecommunications Co. KSCP | 398712 | 725282 |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait SAKP | 541212 | 1948243 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4955255 |
| **Malaysia — 2.0%** | **Malaysia — 2.0%** | **Malaysia — 2.0%** |
| &nbsp;&nbsp;&nbsp; Astro Malaysia Holdings Bhd. | 432900 | 62497 |
| &nbsp;&nbsp;&nbsp; Axiata Group Bhd. | 345500 | 246148 |
| &nbsp;&nbsp;&nbsp; DiGi.Com Bhd. | 410000 | 405490 |
| &nbsp;&nbsp;&nbsp; Hong Leong Financial Group Bhd. | 13500 | 58581 |
| &nbsp;&nbsp;&nbsp; Kuala Lumpur Kepong Bhd. | 32500 | 163498 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | 57808 | 118564 |
| &nbsp;&nbsp;&nbsp; Maxis Bhd. | 525600 | 488932 |
| &nbsp;&nbsp;&nbsp; Nestle Malaysia Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291588 |
| &nbsp;&nbsp;&nbsp; Petronas Chemicals Group Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605217 |
| &nbsp;&nbsp;&nbsp; Petronas Gas Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596187 |
| &nbsp;&nbsp;&nbsp; PPB Group Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555592 |
| &nbsp;&nbsp;&nbsp; RHB Bank Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171446 |
| &nbsp;&nbsp;&nbsp; Telekom Malaysia Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429601 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793541 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4986882 |
| **Mexico — 7.0%** | **Mexico — 7.0%** | **Mexico — 7.0%** |
| &nbsp;&nbsp;&nbsp; Alfa SAB de CV, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647544 |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 1848952 | &nbsp;&nbsp;&nbsp;&nbsp; 1930400 |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768724 |
| &nbsp;&nbsp;&nbsp; Banco del Bajio SA (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347698 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV \* | &nbsp;&nbsp;&nbsp;&nbsp; 1408191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749320 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Femsa SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732484 |
| &nbsp;&nbsp;&nbsp; El Puerto de Liverpool SAB de CV, Class C1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340560 |
| &nbsp;&nbsp;&nbsp; Fibra Uno Administracion SA de CV, REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792872 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251019 |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742715 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Centro Norte SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675333 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940653 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 902837 |
| &nbsp;&nbsp;&nbsp; Grupo Bimbo SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267225 | &nbsp;&nbsp;&nbsp;&nbsp; 1326723 |
| &nbsp;&nbsp;&nbsp; Grupo Carso SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291773 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266075 | &nbsp;&nbsp;&nbsp;&nbsp; 2204280 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103975 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico SAB de CV, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93944 |
| &nbsp;&nbsp;&nbsp; Megacable Holdings SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381836 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616657 |
| &nbsp;&nbsp;&nbsp; Promotora y Operadora de Infraestructura SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507465 |
| &nbsp;&nbsp;&nbsp; Regional SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152535 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479444 | &nbsp;&nbsp;&nbsp;&nbsp; 1872659 |
|  |  | &nbsp;&nbsp; 17374006 |
| **Pakistan — 0.0% ^** | **Pakistan — 0.0% ^** | **Pakistan — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Oil & Gas Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72567 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Philippines — 0.5%** | **Philippines — 0.5%** | **Philippines — 0.5%** |
| &nbsp;&nbsp;&nbsp; Globe Telecom, Inc. | 3778 | 140096 |
| &nbsp;&nbsp;&nbsp; Manila Electric Co. | 51290 | 263872 |
| &nbsp;&nbsp;&nbsp; Metro Pacific Investments Corp. | 3957200 | 292968 |
| &nbsp;&nbsp;&nbsp; PLDT, Inc. | 15750 | 390333 |
| &nbsp;&nbsp;&nbsp; Puregold Price Club, Inc. | 33100 | 20332 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1107601 |
| **Qatar — 1.8%** | **Qatar — 1.8%** | **Qatar — 1.8%** |
| &nbsp;&nbsp;&nbsp; Commercial Bank PSQC (The) | 140700 | 232599 |
| &nbsp;&nbsp;&nbsp; Industries Qatar QSC | 201094 | 779118 |
| &nbsp;&nbsp;&nbsp; Mesaieed Petrochemical Holding Co. | 277883 | 164850 |
| &nbsp;&nbsp;&nbsp; Ooredoo QPSC | 244382 | 600483 |
| &nbsp;&nbsp;&nbsp; Qatar Electricity & Water Co. QSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503240 |
| &nbsp;&nbsp;&nbsp; Qatar Fuel QSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259518 |
| &nbsp;&nbsp;&nbsp; Qatar Gas Transport Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651180 |
| &nbsp;&nbsp;&nbsp; Qatar International Islamic Bank QSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141757 |
| &nbsp;&nbsp;&nbsp; Qatar Islamic Bank SAQ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708266 |
| &nbsp;&nbsp;&nbsp; Qatar National Bank QPSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177307 |
| &nbsp;&nbsp;&nbsp; Qatar Navigation QSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224617 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4442935 |
| **Russia — 0.1%** | **Russia — 0.1%** | **Russia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Alrosa PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4122 |
| &nbsp;&nbsp;&nbsp; Federal Grid Co. ROSSETI PJSC ‡ \* | &nbsp;&nbsp;&nbsp; 42872768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1111 |
| &nbsp;&nbsp;&nbsp; Federal Grid Co. Unified Energy System PJSC ‡ \* | 127925624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2782 |
| &nbsp;&nbsp;&nbsp; Inter RAO UES PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 6142220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4185 |
| &nbsp;&nbsp;&nbsp; LUKOIL PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21998 |
| &nbsp;&nbsp;&nbsp; M.Video PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539 |
| &nbsp;&nbsp;&nbsp; Magnit PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5824 |
| &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel Works PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3866 |
| &nbsp;&nbsp;&nbsp; MMC Norilsk Nickel PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14762 |
| &nbsp;&nbsp;&nbsp; Mobile TeleSystems PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6770 |
| &nbsp;&nbsp;&nbsp; Novolipetsk Steel PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6950 |
| &nbsp;&nbsp;&nbsp; PhosAgro PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2387 |
| &nbsp;&nbsp;&nbsp; Rostelecom PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2668 |
| &nbsp;&nbsp;&nbsp; RusHydro PJSC ‡ \* | &nbsp;&nbsp;&nbsp; 35715691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5977 |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16767 |
| &nbsp;&nbsp;&nbsp; Severstal PAO ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6910 |
| &nbsp;&nbsp;&nbsp; Sistema PJSFC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918 |
| &nbsp;&nbsp;&nbsp; Surgutneftegas PJSC (Preference) ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4970 |
| &nbsp;&nbsp;&nbsp; Tatneft PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1549 |
| &nbsp;&nbsp;&nbsp; Unipro PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 4941067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117003 |
| **Saudi Arabia — 5.0%** | **Saudi Arabia — 5.0%** | **Saudi Arabia — 5.0%** |
| &nbsp;&nbsp;&nbsp; Abdullah Al Othaim Markets Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218918 |
| &nbsp;&nbsp;&nbsp; ACWA Power Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161211 |
| &nbsp;&nbsp;&nbsp; Alinma Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898985 |
| &nbsp;&nbsp;&nbsp; Almarai Co. JSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493649 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Saudi Arabia — continued** | **Saudi Arabia — continued** | **Saudi Arabia — continued** |
| &nbsp;&nbsp;&nbsp; Arab National Bank | 27842 | 205836 |
| &nbsp;&nbsp;&nbsp; Arabian Internet & Communications Services Co. | 9070 | 614167 |
| &nbsp;&nbsp;&nbsp; Bank Al-Jazira | 67530 | 350546 |
| &nbsp;&nbsp;&nbsp; Banque Saudi Fransi | 24845 | 271677 |
| &nbsp;&nbsp;&nbsp; Dr Sulaiman Al Habib Medical Services Group Co. | 12913 | 807101 |
| &nbsp;&nbsp;&nbsp; Elm Co. | 7152 | 681838 |
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | 75515 | 713406 |
| &nbsp;&nbsp;&nbsp; Jarir Marketing Co. | 14728 | 591985 |
| &nbsp;&nbsp;&nbsp; Mouwasat Medical Services Co. | 2897 | 159491 |
| &nbsp;&nbsp;&nbsp; Riyad Bank | 65448 | 539841 |
| &nbsp;&nbsp;&nbsp; SABIC Agri-Nutrients Co. | 8945 | 327970 |
| &nbsp;&nbsp;&nbsp; Sahara International Petrochemical Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474114 |
| &nbsp;&nbsp;&nbsp; Saudi Airlines Catering Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473106 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Mining Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467555 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185975 | &nbsp;&nbsp;&nbsp;&nbsp; 1640763 |
| &nbsp;&nbsp;&nbsp; Saudi Cement Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382953 |
| &nbsp;&nbsp;&nbsp; Saudi Electricity Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 794969 |
| &nbsp;&nbsp;&nbsp; Saudi Ground Services Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97703 |
| &nbsp;&nbsp;&nbsp; Saudi Investment Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334589 |
| &nbsp;&nbsp;&nbsp; Saudi Telecom Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344405 |
| &nbsp;&nbsp;&nbsp; Yanbu Cement Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371655 |
|  |  | &nbsp;&nbsp; 12418433 |
| **Singapore — 0.1%** | **Singapore — 0.1%** | **Singapore — 0.1%** |
| &nbsp;&nbsp;&nbsp; Yangzijiang Financial Holding Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148575 |
| **South Africa — 5.1%** | **South Africa — 5.1%** | **South Africa — 5.1%** |
| &nbsp;&nbsp;&nbsp; African Rainbow Minerals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605562 |
| &nbsp;&nbsp;&nbsp; Anglo American Platinum Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525655 |
| &nbsp;&nbsp;&nbsp; Aspen Pharmacare Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170385 |
| &nbsp;&nbsp;&nbsp; AVI Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519093 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800615 |
| &nbsp;&nbsp;&nbsp; Distell Group Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239536 |
| &nbsp;&nbsp;&nbsp; Exxaro Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652040 |
| &nbsp;&nbsp;&nbsp; Foschini Group Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37505 |
| &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 906609 |
| &nbsp;&nbsp;&nbsp; Investec Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243081 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192840 | &nbsp;&nbsp;&nbsp;&nbsp; 1632317 |
| &nbsp;&nbsp;&nbsp; MultiChoice Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703773 |
| &nbsp;&nbsp;&nbsp; Netcare Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121473 |
| &nbsp;&nbsp;&nbsp; Pepkor Holdings Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252851 |
| &nbsp;&nbsp;&nbsp; Pick n Pay Stores Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369454 |
| &nbsp;&nbsp;&nbsp; Royal Bafokeng Platinum Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76781 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965533 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522539 |
| &nbsp;&nbsp;&nbsp; Tiger Brands Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476184 |
| &nbsp;&nbsp;&nbsp; Truworths International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659502 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Africa — continued** | **South Africa — continued** | **South Africa — continued** |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | 100373 | 705407 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | 192072 | 832422 |
|  |  | &nbsp;&nbsp; 12613317 |
| **Taiwan — 11.0%** | **Taiwan — 11.0%** | **Taiwan — 11.0%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | 51000 | 416786 |
| &nbsp;&nbsp;&nbsp; Asia Cement Corp. | 299000 | 421230 |
| &nbsp;&nbsp;&nbsp; Capital Securities Corp. | 623000 | 241792 |
| &nbsp;&nbsp;&nbsp; Cheng Shin Rubber Industry Co. Ltd. | 458000 | 528506 |
| &nbsp;&nbsp;&nbsp; Chicony Electronics Co. Ltd. | 32551 | 94400 |
| &nbsp;&nbsp;&nbsp; China Airlines Ltd. | 764000 | 498385 |
| &nbsp;&nbsp;&nbsp; China Motor Corp. | 83000 | 167553 |
| &nbsp;&nbsp;&nbsp; China Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217997 |
| &nbsp;&nbsp;&nbsp; Chunghwa Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379000 | &nbsp;&nbsp;&nbsp;&nbsp; 1416368 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1878395 | &nbsp;&nbsp;&nbsp;&nbsp; 1436267 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1185216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970737 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466460 |
| &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647788 |
| &nbsp;&nbsp;&nbsp; Far Eastern New Century Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 608000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664504 |
| &nbsp;&nbsp;&nbsp; Far EasTone Telecommunications Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529437 |
| &nbsp;&nbsp;&nbsp; Feng TAY Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237694 |
| &nbsp;&nbsp;&nbsp; First Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850698 |
| &nbsp;&nbsp;&nbsp; Formosa Chemicals & Fibre Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433854 |
| &nbsp;&nbsp;&nbsp; Formosa Taffeta Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219900 |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435415 |
| &nbsp;&nbsp;&nbsp; Globalwafers Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350901 |
| &nbsp;&nbsp;&nbsp; Hotai Motor Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461058 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 784975 |
| &nbsp;&nbsp;&nbsp; Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546636 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1054013 | &nbsp;&nbsp;&nbsp;&nbsp; 1125488 |
| &nbsp;&nbsp;&nbsp; Nan Ya Plastics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539000 | &nbsp;&nbsp;&nbsp;&nbsp; 1356463 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489873 |
| &nbsp;&nbsp;&nbsp; Novatek Microelectronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178618 |
| &nbsp;&nbsp;&nbsp; Pou Chen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667752 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810683 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558422 |
| &nbsp;&nbsp;&nbsp; SinoPac Financial Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1563275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903141 |
| &nbsp;&nbsp;&nbsp; Taiwan Cooperative Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819886 |
| &nbsp;&nbsp;&nbsp; Taiwan Fertilizer Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494071 |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804577 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp;&nbsp; 3035249 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541000 | &nbsp;&nbsp;&nbsp;&nbsp; 1215404 |
| &nbsp;&nbsp;&nbsp; Yang Ming Marine Transport Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401169 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1428529 | &nbsp;&nbsp;&nbsp;&nbsp; 1074192 |
| &nbsp;&nbsp;&nbsp; Yulon Motor Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321552 |
|  |  | &nbsp;&nbsp; 27295881 |
| **Thailand — 2.8%** | **Thailand — 2.8%** | **Thailand — 2.8%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881260 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Thailand — continued** | **Thailand — continued** | **Thailand — continued** |
| &nbsp;&nbsp;&nbsp; Bangkok Bank PCL | 52500 | 253097 |
| &nbsp;&nbsp;&nbsp; Bangkok Dusit Medical Services PCL, Class F | 867600 | 784447 |
| &nbsp;&nbsp;&nbsp; Banpu PCL | 486400 | 171671 |
| &nbsp;&nbsp;&nbsp; Bumrungrad Hospital PCL | 75300 | 496263 |
| &nbsp;&nbsp;&nbsp; Digital Telecommunications Infrastructure Fund, Class F | 1146100 | 468717 |
| &nbsp;&nbsp;&nbsp; Electricity Generating PCL | 66000 | 348797 |
| &nbsp;&nbsp;&nbsp; Home Product Center PCL | 1006600 | 438007 |
| &nbsp;&nbsp;&nbsp; Intouch Holdings PCL, NVDR | 210800 | 465814 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL | 1382200 | 732763 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL | 188200 | 982418 |
| &nbsp;&nbsp;&nbsp; Ratch Group PCL | 278100 | 356721 |
| &nbsp;&nbsp;&nbsp; Thai Union Group PCL, Class F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153333 |
| &nbsp;&nbsp;&nbsp; Total Access Communication PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99910 |
| &nbsp;&nbsp;&nbsp; Total Access Communication PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250077 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6883295 |
| **Turkey — 7.4%** | **Turkey — 7.4%** | **Turkey — 7.4%** |
| &nbsp;&nbsp;&nbsp; AG Anadolu Grubu Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468507 |
| &nbsp;&nbsp;&nbsp; Aksa Enerji Uretim A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374517 |
| &nbsp;&nbsp;&nbsp; Alarko Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414600 |
| &nbsp;&nbsp;&nbsp; Anadolu Efes Biracilik ve Malt Sanayii A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423974 |
| &nbsp;&nbsp;&nbsp; Arcelik A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619147 |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698163 |
| &nbsp;&nbsp;&nbsp; Aygaz A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291776 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687559 |
| &nbsp;&nbsp;&nbsp; Can2 Termik A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82165 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Icecek A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492135 |
| &nbsp;&nbsp;&nbsp; Dogan Sirketler Grubu Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp; 1153304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542352 |
| &nbsp;&nbsp;&nbsp; Dogus Otomotiv Servis ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498841 |
| &nbsp;&nbsp;&nbsp; EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445160 |
| &nbsp;&nbsp;&nbsp; Enerjisa Enerji A/S (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557834 |
| &nbsp;&nbsp;&nbsp; Enka Insaat ve Sanayi A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742243 |
| &nbsp;&nbsp;&nbsp; Eregli Demir ve Celik Fabrikalari TAS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584272 |
| &nbsp;&nbsp;&nbsp; Europen Endustri Insaat Sanayi ve Ticaret A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294184 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669692 |
| &nbsp;&nbsp;&nbsp; Haci Omer Sabanci Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594038 |
| &nbsp;&nbsp;&nbsp; Kimteks Poliuretan Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197433 |
| &nbsp;&nbsp;&nbsp; KOC Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728316 |
| &nbsp;&nbsp;&nbsp; Koza Altin Isletmeleri A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652776 |
| &nbsp;&nbsp;&nbsp; Koza Anadolu Metal Madencilik Isletmeleri A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532871 |
| &nbsp;&nbsp;&nbsp; Migros Ticaret A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133365 |
| &nbsp;&nbsp;&nbsp; MLP Saglik Hizmetleri A/S \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157893 |
| &nbsp;&nbsp;&nbsp; Otokar Otomotiv ve Savunma Sanayi AS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 443416 |
| &nbsp;&nbsp;&nbsp; Oyak Cimento Fabrikalari A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535765 |
| &nbsp;&nbsp;&nbsp; Penta Teknoloji Urunleri Dagitim Ticaret A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97507 |
| &nbsp;&nbsp;&nbsp; TAV Havalimanlari Holding A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501264 |
| &nbsp;&nbsp;&nbsp; Tekfen Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456124 |
| &nbsp;&nbsp;&nbsp; Tofas Turk Otomobil Fabrikasi A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610144 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Turkey — continued** | **Turkey — continued** | **Turkey — continued** |
| &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO \* | 108742 | 797257 |
| &nbsp;&nbsp;&nbsp; Turk Telekomunikasyon A/S | 545570 | 597553 |
| &nbsp;&nbsp;&nbsp; Turk Traktor ve Ziraat Makineleri A/S | 17544 | 537718 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S | 353393 | 685024 |
| &nbsp;&nbsp;&nbsp; Turkiye Is Bankasi AS, Class C | 797433 | 462521 |
| &nbsp;&nbsp;&nbsp; Turkiye Sise ve Cam Fabrikalari A/S | 332309 | 701650 |
|  |  | &nbsp;&nbsp; 18309756 |
| **United Arab Emirates — 2.0%** | **United Arab Emirates — 2.0%** | **United Arab Emirates — 2.0%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | 324277 | 743715 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | 178705 | 459333 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Ports Co. PJSC \* | 211966 | 341583 |
| &nbsp;&nbsp;&nbsp; Air Arabia PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337382 |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572322 |
| &nbsp;&nbsp;&nbsp; Alpha Dhabi Holding PJSC \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42778 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528350 |
| &nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202732 | &nbsp;&nbsp;&nbsp;&nbsp; 1420457 |
| &nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535123 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4981043 |
| **United States — 0.2%** | **United States — 0.2%** | **United States — 0.2%** |
| &nbsp;&nbsp;&nbsp; JBS SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $233,542,937)<br>|  | 246643280 |
| **Short-Term Investments — 0.0% ^** | **Short-Term Investments — 0.0% ^** | **Short-Term Investments — 0.0% ^** |
| **Investment of Cash Collateral from Securities Loaned — 0.0% ^** | **Investment of Cash Collateral from Securities Loaned — 0.0% ^** | **Investment of Cash Collateral from Securities Loaned — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (d) (e)(Cost $155,520) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155520 |
| **Total Investments — 99.8%** <br>**(Cost $233,698,457)**<br>|  | **246798800** |
| **Other Assets Less Liabilities — 0.2%** |  | **411712** |
| **NET ASSETS — 100.0%** |  | **247210512** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| JSC | Joint Stock Company |
| NVDR | Non-Voting Depositary Receipt |
| PJSC | Public Joint Stock Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The security or a portion of this security is on loan at January 31, 2023. The total value of securities on loan at January
 31, 2023 is $141,292.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The rate shown is the current yield as of January 31, 2023.

**Summary of Investments by Industry, January 31, 2023**

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 14.9% |
| Metals & Mining | &nbsp;&nbsp; 7.1 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 7.0 |
| Wireless Telecommunication Services | &nbsp;&nbsp; 5.0 |
| Food Products | &nbsp;&nbsp; 4.0 |
| IT Services | &nbsp;&nbsp; 3.7 |
| Electric Utilities | &nbsp;&nbsp; 3.7 |
| Industrial Conglomerates | &nbsp;&nbsp; 3.2 |
| Diversified Telecommunication Services | &nbsp;&nbsp; 3.2 |
| Independent Power and Renewable Electricity Producers | &nbsp;&nbsp; 3.1 |
| Transportation Infrastructure | &nbsp;&nbsp; 3.1 |
| Beverages | &nbsp;&nbsp; 2.9 |
| Pharmaceuticals | &nbsp;&nbsp; 2.8 |
| Chemicals | &nbsp;&nbsp; 2.6 |
| Food & Staples Retailing | &nbsp;&nbsp; 2.3 |
| Machinery | &nbsp;&nbsp; 2.0 |
| Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; 1.9 |
| Automobiles | &nbsp;&nbsp; 1.8 |
| Specialty Retail | &nbsp;&nbsp; 1.8 |
| Construction Materials | &nbsp;&nbsp; 1.8 |
| Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 1.7 |
| Gas Utilities | &nbsp;&nbsp; 1.5 |
| Personal Products | &nbsp;&nbsp; 1.5 |
| Health Care Providers & Services | &nbsp;&nbsp; 1.5 |
| Diversified Financial Services | &nbsp;&nbsp; 1.4 |
| Real Estate Management & Development | &nbsp;&nbsp; 1.0 |
| Media | &nbsp;&nbsp; 1.0 |
| Insurance | &nbsp;&nbsp; 1.0 |
| Others (each less than 1.0%) | 11.4 |
| Short-Term Investments | &nbsp;&nbsp; 0.1 |

---

**Futures contracts outstanding as of January 31, 2023:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |  |  |  |  |  |
| MSCI Emerging Markets E-Mini Index | 6 | 03/17/2023 | USD | 313440 | (882) |

---

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

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

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

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (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 SEC 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 Funds 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 Funds. 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.

A market-based approach is primarily used to value the Fund's investments. Investments for which market quotations are not readily available are fair valued using prices supplied by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"), or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

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

Investments in open-end investment companies ("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.

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | $23375129 | $— | $— | $23375129 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 3160497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3160497 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972287 | &nbsp;&nbsp;&nbsp;&nbsp; 63669338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 64641625 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520638 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1132579 |
| &nbsp;&nbsp;&nbsp; Egypt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130432 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2801413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2801413 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302999 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016054 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25546486 | &nbsp;&nbsp;&nbsp;&nbsp; 25499 | &nbsp;&nbsp;&nbsp;&nbsp; 25571985 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7605162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7692467 |
| &nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4955255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4955255 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; 1443367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3543515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4986882 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp; 17374006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17374006 |
| &nbsp;&nbsp;&nbsp; Pakistan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72567 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107601 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 1211506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3231429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4442935 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 117003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117003 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12418433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12418433 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148575 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 5118478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7494839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12613317 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27295881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27295881 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; 4931889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1951406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6883295 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 2318316 | &nbsp;&nbsp;&nbsp;&nbsp; 15991440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18309756 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4938265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4981043 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590913 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp; 62283871 | &nbsp;&nbsp; 184216907 | &nbsp;&nbsp; 142502 | &nbsp;&nbsp; 246643280 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155520 |
| **Total Investments in Securities** | $62439391 | $184216907 | $142502 | $246798800 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | $(882) | $— | $— | $(882) |

---

There were no significant transfers into or out of level 3 for the period ended January 31, 2023.

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

------

**JPMorgan Diversified Return Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund <br> Class IM Shares, 4.15% (a) (b)<br>| $182157 | $279966 | $306603 | $— | $— | $155520 | 155520 | $1282 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of January 31, 2023.

------

## 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 Diversified Return Emerging Markets Equity ETF

- **b. EDGAR series identifier (if any):** S000045407

- **c. LEI of Series:** 549300NS45W7QLW1VU64

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $255720278.98

**Total Liabilities:** $8516300.35

**Net Assets:** $247203978.63

**Cash Not Reported:** $2748069.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141386 | 10.85%               | -1.99%               | 4.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5584.35                 | $18255425.05                               |
| Month 2  | $-1490581.56             | $-3132814.30                               |
| Month 3  | $450434.36               | $9767063.43                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PPB Group Bhd.                                                            | PPB Group Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    134660 | NS      | $555591.87    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Torrent Power Ltd.                                                        | Torrent Power Ltd.                                                        | CUSIP: N/A<br>LEI: 335800DJYYJQGAH3OX89       | Long             | EC               | CORP              | IN        |     13879 | NS      | $76497.37     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Qingdao Port International Co. Ltd.                                       | Qingdao Port International Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 529900URO8Y3C7A1JM55       | Long             | EC               | CORP              | CN        |    305000 | NS      | $259486.70    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fibra Uno Administracion SA de CV                                         | Fibra Uno Administracion SA de CV                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    585957 | NS      | $792872.43    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Energy Shipping Co. Ltd.                                  | China Merchants Energy Shipping Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    311600 | NS      | $295717.93    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grendene SA                                                               | Grendene SA                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    151237 | NS      | $195142.59    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| China Yangtze Power Co. Ltd.                                              | China Yangtze Power Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |    211100 | NS      | $650370.86    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Hava Yollari AO                                                      | Turk Hava Yollari AO                                                      | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    108742 | NS      | $797256.73    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Koza Altin Isletmeleri A/S                                                | Koza Altin Isletmeleri A/S                                                | CUSIP: N/A<br>LEI: 789000D7X9KM1ZIJX609       | Long             | EC               | CORP              | TR        |     22049 | NS      | $652775.89    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcelik A/S                                                               | Arcelik A/S                                                               | CUSIP: N/A<br>LEI: 789000748KTQCUMJ0R25       | Long             | EC               | CORP              | TR        |    108325 | NS      | $619146.83    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd.                                                                | Wipro Ltd.                                                                | CUSIP: N/A<br>LEI: 335800IFS1IJHESG8362       | Long             | EC               | CORP              | IN        |     12248 | NS      | $59974.99     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                                               | Abu Dhabi Islamic Bank PJSC                                               | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    171259 | NS      | $440194.60    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Beijing Co. Ltd.                                                  | Bank of Beijing Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300C1080211000042       | Long             | EC               | CORP              | CN        |    478100 | NS      | $301198.03    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd.                     | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H            | CUSIP: N/A<br>LEI: 529900ROARJHMUIME057       | Long             | EC               | CORP              | CN        |     60000 | NS      | $175245.52    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bukit Asam Tbk. PT                                                        | Bukit Asam Tbk. PT                                                        | CUSIP: N/A<br>LEI: 529900XX13TXG5L4CN33       | Long             | EC               | CORP              | ID        |   2230900 | NS      | $507184.73    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Finance House KSCP                                                 | Kuwait Finance House KSCP                                                 | CUSIP: N/A<br>LEI: 2549007KX0N057S9BC98       | Long             | EC               | CORP              | KW        |    520222 | NS      | $1430471.09   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                                             | Nien Made Enterprise Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     47000 | NS      | $489872.64    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                                        | Bangkok Dusit Medical Services PCL, Class F                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    867600 | NS      | $784446.48    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co. Ltd.                                                 | Largan Precision Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $784974.93    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                                          | COSCO SHIPPING Holdings Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    514850 | NS      | $534043.90    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoomlion Heavy Industry Science and Technology Co. Ltd.                   | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H          | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | CN        |    464000 | NS      | $258115.37    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Bank PSQC (The)                                                | Commercial Bank PSQC (The)                                                | CUSIP: N/A<br>LEI: 2138004FUUD4I7X8H721       | Long             | EC               | CORP              | QA        |    140700 | NS      | $232598.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Arabia PJSC                                                           | Air Arabia PJSC                                                           | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    561889 | NS      | $337382.36    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Electronic International Co. Ltd.                                     | BYD Electronic International Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299001O3LAFGRPZ3Y63       | Long             | EC               | CORP              | HK        |     99500 | NS      | $344882.36    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheng Shin Rubber Industry Co. Ltd.                                       | Cheng Shin Rubber Industry Co. Ltd.                                       | CUSIP: N/A<br>LEI: 3003006VZBNKJZLNJ718       | Long             | EC               | CORP              | TW        |    458000 | NS      | $528506.38    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                                    | Taiwan Mobile Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    255000 | NS      | $804576.49    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV                                | Grupo Aeroportuario del Pacifico SAB de CV, Class B                       | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |     54614 | NS      | $940652.59    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd.                                                     | Exxaro Resources Ltd.                                                     | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |     51956 | NS      | $652039.90    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Anadolu Efes Biracilik ve Malt Sanayii A/S                                | Anadolu Efes Biracilik ve Malt Sanayii A/S                                | CUSIP: N/A<br>LEI: 7890006LGARYVIPOJX03       | Long             | EC               | CORP              | TR        |    152561 | NS      | $423973.90    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Baolihua New Energy Stock Co. Ltd.                              | Guangdong Baolihua New Energy Stock Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300QL36W5MNOA1E19       | Long             | EC               | CORP              | CN        |    422100 | NS      | $404952.44    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.                                | Industrial & Commercial Bank of China Ltd., Class H                       | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   3425000 | NS      | $1832097.25   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Dogan Sirketler Grubu Holding A/S                                         | Dogan Sirketler Grubu Holding A/S                                         | CUSIP: N/A<br>LEI: 789000J24Q4JM3H6UX22       | Long             | EC               | CORP              | TR        |   1153304 | NS      | $542352.06    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Media Nusantara Citra Tbk. PT                                             | Media Nusantara Citra Tbk. PT                                             | CUSIP: N/A<br>LEI: 254900Y0ZF75CIA04X94       | Long             | EC               | CORP              | ID        |   3610000 | NS      | $167758.86    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Postal Savings Bank of China Co. Ltd.                                     | Postal Savings Bank of China Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300C1040311005298       | Long             | EC               | CORP              | CN        |    979000 | NS      | $666217.14    | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co. Ltd.                                         | Jiangsu Hengli Hydraulic Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     41756 | NS      | $405493.34    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Humansoft Holding Co. KSC                                                 | Humansoft Holding Co. KSC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |     26493 | NS      | $294863.33    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Divi's Laboratories Ltd.                                                  | Divi's Laboratories Ltd.                                                  | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               | CORP              | IN        |      9710 | NS      | $394539.14    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Power Co. Ltd. (The)                                                 | Tata Power Co. Ltd. (The)                                                 | CUSIP: N/A<br>LEI: 335800H5R3TGTJ7LQ663       | Long             | EC               | CORP              | IN        |    266153 | NS      | $695421.63    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                                        | Vodacom Group Ltd.                                                        | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    100373 | NS      | $705407.09    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                                                  | TOTVS SA                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     23087 | NS      | $136576.37    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                                               | Astra International Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   1957100 | NS      | $786269.14    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Buchang Pharmaceuticals Co. Ltd.                                 | Shandong Buchang Pharmaceuticals Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     67100 | NS      | $190951.73    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sansteel Minguang Co. Ltd. Fujian                                         | Sansteel Minguang Co. Ltd. Fujian, Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    177600 | NS      | $130976.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                                   | Vale SA                                                                   | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    227960 | NS      | $4260749.92   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| China Longyuan Power Group Corp. Ltd.                                     | China Longyuan Power Group Corp. Ltd., Class H                            | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               | CORP              | CN        |    249000 | NS      | $343729.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Charoen Pokphand Indonesia Tbk. PT                                        | Charoen Pokphand Indonesia Tbk. PT                                        | CUSIP: N/A<br>LEI: 529900JL5SA37OU87X40       | Long             | EC               | CORP              | ID        |    537400 | NS      | $209063.44    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Grid Co. - ROSSETI PUBLIC JOINT-STOCK COMPANY                     | Federal Grid Co. - ROSSETI PUBLIC JOINT-STOCK COMPANY                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |  42872768 | NS      | $1111.34      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Etihad Etisalat Co.                                                       | Etihad Etisalat Co.                                                       | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     75515 | NS      | $713405.76    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Angang Steel Co. Ltd.                                                     | Angang Steel Co. Ltd., Class H                                            | CUSIP: N/A<br>LEI: 213800QMMVMR3ABCKL62       | Long             | EC               | CORP              | CN        |    545800 | NS      | $168916.83    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                                               | Magnit PJSC                                                               | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      7858 | NS      | $5824.22      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Enerjisa Enerji A/S                                                       | Enerjisa Enerji A/S                                                       | CUSIP: N/A<br>LEI: 789000D0QULW3EE31N02       | Long             | EC               | CORP              | TR        |    316944 | NS      | $557834.20    | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Electricity Generating PCL                                                | Electricity Generating PCL                                                | CUSIP: N/A<br>LEI: 5299009MZ255FT79SF55       | Long             | EC               | CORP              | TH        |     66000 | NS      | $348797.43    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Europen Endustri Insaat Sanayi ve Ticaret A/S                             | Europen Endustri Insaat Sanayi ve Ticaret A/S                             | CUSIP: N/A<br>LEI: 78900061SYM2RVZM1O88       | Long             | EC               | CORP              | TR        |    537613 | NS      | $294183.64    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Bradespar SA                                                              | Bradespar SA (Preference)                                                 | CUSIP: N/A<br>LEI: 9598001UD1DHEH3PZ471       | Long             | EC               | CORP              | BR        |    103124 | NS      | $649057.74    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar National Bank QPSC                                                  | Qatar National Bank QPSC                                                  | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |     35769 | NS      | $177306.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                                      | Malayan Banking Bhd.                                                      | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     57808 | NS      | $118563.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GD Power Development Co. Ltd.                                             | GD Power Development Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300BVGPH64Z7BNK97       | Long             | EC               | CORP              | CN        |    695100 | NS      | $409428.81    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV                            | Grupo Aeroportuario del Centro Norte SAB de CV                            | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     73918 | NS      | $675332.72    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Is Bankasi A/S                                                    | Turkiye Is Bankasi A/S, Class C                                           | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |    797433 | NS      | $462520.65    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Inter RAO UES PJSC                                                        | Inter RAO UES PJSC                                                        | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   6142220 | NS      | $4185.37      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Novatek Microelectronics Corp.                                            | Novatek Microelectronics Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     15000 | NS      | $178618.04    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Piramal Enterprises Ltd.                                                  | Piramal Enterprises Ltd.                                                  | CUSIP: N/A<br>LEI: 335800XG9I3HZ2F1KQ73       | Long             | EC               | CORP              | IN        |      5181 | NS      | $54586.84     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubei Jumpcan Pharmaceutical Co. Ltd.                                     | Hubei Jumpcan Pharmaceutical Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     74800 | NS      | $324349.81    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Product Center PCL                                                   | Home Product Center PCL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1006600 | NS      | $438006.46    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Almarai Co. JSC                                                           | Almarai Co. JSC                                                           | CUSIP: N/A<br>LEI: 549300B4EDUXYD2G6098       | Long             | EC               | CORP              | SA        |     33310 | NS      | $493649.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Zhongnan Construction Group Co. Ltd.                              | Jiangsu Zhongnan Construction Group Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 3003005CZM5L7LWHW430       | Long             | EC               | CORP              | CN        |    260900 | NS      | $91783.34     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                                         | Eva Airways Corp.                                                         | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    478000 | NS      | $466459.83    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhuzhou Kibing Group Co. Ltd.                                             | Zhuzhou Kibing Group Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300RWM4DKUZFOIT68       | Long             | EC               | CORP              | CN        |    129500 | NS      | $230976.61    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd.                                            | Zhongsheng Group Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 3003005VYMEBAJNJ2Y26       | Long             | EC               | CORP              | KY        |     69500 | NS      | $393243.98    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                                  | Wuliangye Yibin Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     28900 | NS      | $899525.27    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Transmissao de Energia Eletrica Paulista                           | Cia de Transmissao de Energia Eletrica Paulista (Preference)              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    113800 | NS      | $513145.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tangshan Jidong Cement Co. Ltd.                                           | Tangshan Jidong Cement Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 3003008JAIR3NZT2IK64       | Long             | EC               | CORP              | CN        |    124300 | NS      | $160094.17    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil India Ltd.                                                            | Oil India Ltd.                                                            | CUSIP: N/A<br>LEI: 335800XXEP14XISP1A16       | Long             | EC               | CORP              | IN        |     12720 | NS      | $36427.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Carso SAB de CV                                                     | Grupo Carso SAB de CV, Series A1                                          | CUSIP: N/A<br>LEI: 5493007R35VF4W6YVW92       | Long             | EC               | CORP              | MX        |     58140 | NS      | $291772.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                                               | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     17853 | NS      | $21997.71     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Bangkok Bank PCL                                                          | Bangkok Bank PCL                                                          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |     52500 | NS      | $253096.48    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingboard Holdings Ltd.                                                   | Kingboard Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 529900G89MY26MMSDR76       | Long             | EC               | CORP              | KY        |    151000 | NS      | $616810.59    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Sise ve Cam Fabrikalari A/S                                       | Turkiye Sise ve Cam Fabrikalari A/S                                       | CUSIP: N/A<br>LEI: 789000KWOK751Q6R8875       | Long             | EC               | CORP              | TR        |    332309 | NS      | $701649.92    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| M Dias Branco SA                                                          | M Dias Branco SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     36008 | NS      | $243018.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Agricultural Bank of China Ltd.                                           | Agricultural Bank of China Ltd., Class A                                  | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    977700 | NS      | $421502.79    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Astro Malaysia Holdings Bhd.                                              | Astro Malaysia Holdings Bhd.                                              | CUSIP: N/A<br>LEI: 254900A4QZ0K696QT225       | Long             | EC               | CORP              | MY        |    432900 | NS      | $62497.50     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                                 | Grupo Aeroportuario del Sureste SAB de CV, Class B                        | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |     33320 | NS      | $902836.55    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. KSCP                                        | Mobile Telecommunications Co. KSCP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |    398712 | NS      | $725281.90    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                                   | America Movil SAB de CV, Series L                                         | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   1848952 | NS      | $1930399.95   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Telecommunications Infrastructure Fund                            | Digital Telecommunications Infrastructure Fund, Class F                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1146100 | NS      | $468717.06    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hunan Valin Steel Co. Ltd.                                                | Hunan Valin Steel Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 3003007J7HWD6GTNJ656       | Long             | EC               | CORP              | CN        |    268400 | NS      | $197828.25    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp. Ltd.                                               | China CITIC Bank Corp. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |   1506000 | NS      | $726569.83    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Yintai Gold Co. Ltd.                                                      | Yintai Gold Co. Ltd., Class A                                             | CUSIP: N/A<br>LEI: 655600QGA2EHH1HUDW82       | Long             | EC               | CORP              | CN        |    175520 | NS      | $325320.48    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                                                  | JUMBO SA                                                                  | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     30810 | NS      | $553276.66    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Joincare Pharmaceutical Group Industry Co. Ltd.                           | Joincare Pharmaceutical Group Industry Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 3003006PUWUKPH72TS46       | Long             | EC               | CORP              | CN        |    135200 | NS      | $235936.94    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ningbo Sanxing Medical Electric Co. Ltd.                                  | Ningbo Sanxing Medical Electric Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300F7H3O0GJJG4V34       | Long             | EC               | CORP              | CN        |    111500 | NS      | $242760.73    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                                 | China Resources Land Ltd.                                                 | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    122000 | NS      | $584691.95    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| China Steel Corp.                                                         | China Steel Corp.                                                         | CUSIP: N/A<br>LEI: 529900D3N7UIJMVJ9120       | Long             | EC               | CORP              | TW        |    206000 | NS      | $217996.90    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                                  | Kweichow Moutai Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      6600 | NS      | $1810031.84   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                                                 | NMDC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |     98766 | NS      | $149341.96    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alarko Holding A/S                                                        | Alarko Holding A/S                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    111909 | NS      | $414600.13    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                                   | Sinotruk Hong Kong Ltd.                                                   | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    199500 | NS      | $344925.92    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Sulaiman Al Habib Medical Services Group Co.                           | Dr Sulaiman Al Habib Medical Services Group Co.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     12913 | NS      | $807100.55    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile TeleSystems PJSC                                                   | Mobile TeleSystems PJSC                                                   | CUSIP: N/A<br>LEI: 2534008FX8EXH1FMJA74       | Long             | EC               | CORP              | RU        |    120496 | NS      | $6770.25      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Huabao Flavours & Fragrances Co. Ltd.                                     | Huabao Flavours & Fragrances Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     50200 | NS      | $182836.59    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Banque Saudi Fransi                                                       | Banque Saudi Fransi                                                       | CUSIP: N/A<br>LEI: 558600N07EDF4ATYR106       | Long             | EC               | CORP              | SA        |     24845 | NS      | $271676.55    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Jinjia Group Co. Ltd.                                            | Shenzhen Jinjia Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    145100 | NS      | $166900.53    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Metro Pacific Investments Corp.                                           | Metro Pacific Investments Corp.                                           | CUSIP: N/A<br>LEI: 894500P2KTZOCIBFJN67       | Long             | EC               | CORP              | PH        |   3957200 | NS      | $292967.71    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Expressway Co. Ltd.                                                 | Anhui Expressway Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 529900UGCN9D11VHIL29       | Long             | EC               | CORP              | CN        |    236000 | NS      | $276669.72    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AVI Ltd.                                                                  | AVI Ltd.                                                                  | CUSIP: N/A<br>LEI: 378900C2D68805FAAF75       | Long             | EC               | CORP              | ZA        |    121615 | NS      | $519092.65    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                                    | Kunlun Energy Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    362000 | NS      | $285493.13    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIC Motor Corp. Ltd.                                                     | BAIC Motor Corp. Ltd., Class H                                            | CUSIP: N/A<br>LEI: 5299003EYHISIDNLZQ19       | Long             | EC               | CORP              | CN        |    458500 | NS      | $140741.06    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Embraer SA                                                                | Embraer SA                                                                | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |    229870 | NS      | $740829.58    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaxin Cement Co. Ltd.                                                    | Huaxin Cement Co. Ltd., Class H                                           | CUSIP: N/A<br>LEI: 300300SD5S95ZOS05G37       | Long             | EC               | CORP              | CN        |    191800 | NS      | $219911.62    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co.                                                       | Jarir Marketing Co.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     14728 | NS      | $591984.75    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Perusahaan Gas Negara Tbk. PT                                             | Perusahaan Gas Negara Tbk. PT                                             | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   4197100 | NS      | $434446.54    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanjaya Mandala Sampoerna Tbk. PT                                         | Hanjaya Mandala Sampoerna Tbk. PT                                         | CUSIP: N/A<br>LEI: 549300ZA00UQ3CN51060       | Long             | EC               | CORP              | ID        |   2404800 | NS      | $156599.32    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                                      | Fomento Economico Mexicano SAB de CV                                      | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |     28670 | NS      | $251019.51    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications Co. Ltd.                                   | Far EasTone Telecommunications Co. Ltd.                                   | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    238000 | NS      | $529436.60    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP - Energias do Brasil SA                                               | EDP - Energias do Brasil SA                                               | CUSIP: N/A<br>LEI: 529900MT3VH5D7T9FR43       | Long             | EC               | CORP              | BR        |    115048 | NS      | $465513.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CCR SA                                                                    | CCR SA                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    291788 | NS      | $675970.07    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.                               | Taiwan Semiconductor Manufacturing Co. Ltd.                               | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    172000 | NS      | $3035249.12   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Manila Electric Co.                                                       | Manila Electric Co.                                                       | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |     51290 | NS      | $263871.73    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Foschini Group Ltd. (The)                                                 | Foschini Group Ltd. (The)                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      6000 | NS      | $37505.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Double Crane Pharmaceutical Co. Ltd.                      | China Resources Double Crane Pharmaceutical Co. Ltd., Class A             | CUSIP: N/A<br>LEI: 3003008IFGE1S66ZZA20       | Long             | EC               | CORP              | CN        |    132800 | NS      | $361535.74    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Power Holdings Co. Ltd.                                   | China Resources Power Holdings Co. Ltd.                                   | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |    254000 | NS      | $529069.60    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                                        | Bank of China Ltd., Class H                                               | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   5661000 | NS      | $2154943.38   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp. Taiwan Ltd.                                        | Evergreen Marine Corp. Taiwan Ltd.                                        | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    126800 | NS      | $647788.17    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tekfen Holding A/S                                                        | Tekfen Holding A/S                                                        | CUSIP: N/A<br>LEI: 7890005HRE0XXST1BR56       | Long             | EC               | CORP              | TR        |    220163 | NS      | $456124.52    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosideng International Holdings Ltd.                                      | Bosideng International Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    690000 | NS      | $384521.14    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfeng Motor Group Co. Ltd.                                             | Dongfeng Motor Group Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 3003002JNYOYPX54GE50       | Long             | EC               | CORP              | CN        |    216000 | NS      | $128782.81    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Qinhuangdao Port Co. Ltd.                                                 | Qinhuangdao Port Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300L1ZLL78IWY7911       | Long             | EC               | CORP              | CN        |    606200 | NS      | $251680.19    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanjing Iron & Steel Co. Ltd.                                             | Nanjing Iron & Steel Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 3003008359D7IKHZ7Q78       | Long             | EC               | CORP              | CN        |    537600 | NS      | $276619.75    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Longfor Group Holdings Ltd.                                               | Longfor Group Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | EC               | CORP              | KY        |     77500 | NS      | $256068.67    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eregli Demir ve Celik Fabrikalari TAS                                     | Eregli Demir ve Celik Fabrikalari TAS                                     | CUSIP: N/A<br>LEI: 789000VYQF5IDGG49908       | Long             | EC               | CORP              | TR        |    287863 | NS      | $584272.01    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd.                                             | African Rainbow Minerals Ltd.                                             | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     37134 | NS      | $605561.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqin Railway Co. Ltd.                                                    | Daqin Railway Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 30030098LARO7YWJL882       | Long             | EC               | CORP              | CN        |    316800 | NS      | $314616.43    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ A/S                                                                   | CEZ A/S                                                                   | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     23263 | NS      | $944519.74    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujian Sunner Development Co. Ltd.                                        | Fujian Sunner Development Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 300300O2MSF659DM5M44       | Long             | EC               | CORP              | CN        |     63500 | NS      | $231396.64    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                                            | Indofood Sukses Makmur Tbk. PT                                            | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |    824800 | NS      | $370664.92    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Nuclear Power Co. Ltd.                                     | China National Nuclear Power Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003003YPVL5EMT5LZ97       | Long             | EC               | CORP              | CN        |    350600 | NS      | $314278.56    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Pharmaceutical Group Ltd.                                 | China Resources Pharmaceutical Group Ltd.                                 | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |    337000 | NS      | $253843.87    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shanxi Lu'an Environmental Energy Development Co. Ltd.                    | Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    102300 | NS      | $300681.02    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Navigation QSC                                                      | Qatar Navigation QSC                                                      | CUSIP: N/A<br>LEI: 25490074EFRBM1MC1K04       | Long             | EC               | CORP              | QA        |     85822 | NS      | $224617.33    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| El Puerto de Liverpool SAB de CV                                          | El Puerto de Liverpool SAB de CV, Class C1                                | CUSIP: N/A<br>LEI: 4469000001BO4JEXZL32       | Long             | EC               | CORP              | MX        |     53696 | NS      | $340559.90    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancolombia SA                                                            | Bancolombia SA (Preference)                                               | CUSIP: N/A<br>LEI: 54930052NWJRPNMP1W58       | Long             | EC               | CORP              | CO        |     60830 | NS      | $460424.71    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Communications Co. Ltd.                                           | Bank of Communications Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |    513500 | NS      | $369132.89    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Dali Foods Group Co. Ltd.                                                 | Dali Foods Group Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 52990093PPQC644N7T38       | Long             | EC               | CORP              | KY        |    529500 | NS      | $236119.58    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                                          | Bajaj Holdings & Investment Ltd.                                          | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |      1047 | NS      | $75422.22     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                                 | Advanced Info Service PCL                                                 | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    148800 | NS      | $881260.22    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| China Motor Corp.                                                         | China Motor Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     83000 | NS      | $167553.02    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                                        | Arab National Bank                                                        | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |     27842 | NS      | $205835.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                                    | Grupo Mexico SAB de CV, Series B                                          | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |     23378 | NS      | $103975.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                                        | Banco do Brasil SA                                                        | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    129411 | NS      | $1040886.30   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Can2 Termik A/S                                                           | Can2 Termik A/S                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |     15720 | NS      | $82164.88     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                                              | Colgate-Palmolive India Ltd.                                              | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |      7115 | NS      | $126420.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Skyworth Digital Co. Ltd.                                                 | Skyworth Digital Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    112600 | NS      | $255264.98    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuexiu Property Co. Ltd.                                                  | Yuexiu Property Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 529900GASK6R1FD08W10       | Long             | EC               | CORP              | HK        |    103400 | NS      | $150416.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingboard Laminates Holdings Ltd.                                         | Kingboard Laminates Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900B76JV9QCZINB33       | Long             | EC               | CORP              | KY        |    236000 | NS      | $287759.25    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                                             | Severstal PAO                                                             | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     20498 | NS      | $6910.26      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Colbun SA                                                                 | Colbun SA                                                                 | CUSIP: N/A<br>LEI: 5493003VQJLE2QB8IF36       | Long             | EC               | CORP              | CL        |   2495435 | NS      | $290398.29    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Distell Group Holdings Ltd.                                               | Distell Group Holdings Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     23885 | NS      | $239536.35    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Gas Transport Co. Ltd.                                              | Qatar Gas Transport Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    622167 | NS      | $651179.45    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                                            | Abu Dhabi Commercial Bank PJSC                                            | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    324277 | NS      | $743715.28    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Grid Co. Unified Energy System PJSC                               | Federal Grid Co. Unified Energy System PJSC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        | 127925624 | NS      | $2782.38      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Power Grid Corp. of India Ltd.                                            | Power Grid Corp. of India Ltd.                                            | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    144203 | NS      | $382678.09    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Union Group PCL                                                      | Thai Union Group PCL, Class F                                             | CUSIP: N/A<br>LEI: 25490047VDGNFMEYZW95       | Long             | EC               | CORP              | TH        |    315800 | NS      | $153332.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Moneta Money Bank A/S                                                     | Moneta Money Bank A/S                                                     | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |     50940 | NS      | $188059.60    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China Everbright Bank Co. Ltd.                                            | China Everbright Bank Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 549300U6PKQ4H1P34E17       | Long             | EC               | CORP              | CN        |    437000 | NS      | $139496.99    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Castrol India Ltd.                                                        | Castrol India Ltd.                                                        | CUSIP: N/A<br>LEI: 335800KCNMKXQFPJ5Q28       | Long             | EC               | CORP              | IN        |     17572 | NS      | $25348.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinhua Winshare Publishing and Media Co. Ltd.                             | Xinhua Winshare Publishing and Media Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 529900GRONU6MXRSA398       | Long             | EC               | CORP              | CN        |    241200 | NS      | $366255.97    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Orbia Advance Corp. SAB de CV                                             | Orbia Advance Corp. SAB de CV                                             | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               | CORP              | MX        |    309487 | NS      | $616656.61    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co. Ltd.                                             | China Merchants Bank Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    134500 | NS      | $872384.27    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ACWA Power Co.                                                            | ACWA Power Co.                                                            | CUSIP: N/A<br>LEI: 558600Y0TFKRV2QZ1A74       | Long             | EC               | CORP              | SA        |      3971 | NS      | $161211.10    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                                                 | China Hongqiao Group Ltd.                                                 | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    473500 | NS      | $550739.50    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS SA                                                                    | JBS SA                                                                    | CUSIP: N/A<br>LEI: 529900RM0MTMZL9O5050       | Long             | EC               | CORP              | BR        |    148940 | NS      | $590912.99    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk. PT                                                 | Bank Central Asia Tbk. PT                                                 | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   2494800 | NS      | $1415821.76   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud SA                                                               | Cencosud SA                                                               | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    350520 | NS      | $629580.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Co. Ltd.                                                            | Titan Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 549300RO9VJWPK37FE54       | Long             | EC               | CORP              | IN        |     15280 | NS      | $445670.37    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Expressway Co. Ltd.                                              | Zhejiang Expressway Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 213800X1ZRKM85U9H438       | Long             | EC               | CORP              | CN        |    364000 | NS      | $314324.79    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Megacable Holdings SAB de CV                                              | Megacable Holdings SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    121435 | NS      | $381836.19    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicony Electronics Co. Ltd.                                              | Chicony Electronics Co. Ltd.                                              | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |     32551 | NS      | $94399.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dogus Otomotiv Servis ve Ticaret A/S                                      | Dogus Otomotiv Servis ve Ticaret A/S                                      | CUSIP: N/A<br>LEI: 789000PVDP82LTUNS694       | Long             | EC               | CORP              | TR        |     58933 | NS      | $498841.57    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Pharmaceuticals Holding Co. Ltd.                                 | Shanghai Pharmaceuticals Holding Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 30030029J1KKCBY19820       | Long             | EC               | CORP              | CN        |     25400 | NS      | $44785.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                                               | Realtek Semiconductor Corp.                                               | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     52000 | NS      | $558422.22    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexco SA                                                                  | Dexco SA                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     33136 | NS      | $49152.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd.                                                                  | ITC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    303168 | NS      | $1308357.91   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Brasil SA                                                 | Banco Santander Brasil SA                                                 | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43       | Long             | EC               | CORP              | BR        |      9086 | NS      | $51835.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                                              | Sany Heavy Industry Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |    116500 | NS      | $303153.98    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Huadong Medicine Co. Ltd.                                                 | Huadong Medicine Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300WEZ30P69YUQZ42       | Long             | EC               | CORP              | CN        |     58700 | NS      | $413207.06    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Al-Jazira                                                            | Bank Al-Jazira                                                            | CUSIP: N/A<br>LEI: 558600FGNP3JML7WY215       | Long             | EC               | CORP              | SA        |     67530 | NS      | $350546.21    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                                              | Wal-Mart de Mexico SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    479444 | NS      | $1872659.05   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinopharm Group Co. Ltd.                                                  | Sinopharm Group Co. Ltd., Class H                                         | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    123200 | NS      | $301962.23    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Financial Holding Ltd.                                        | Yangzijiang Financial Holding Ltd.                                        | CUSIP: N/A<br>LEI: 984500E58A4F80AFB647       | Long             | EC               | CORP              | SG        |    524400 | NS      | $148575.19    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Shenhua Energy Co. Ltd.                                             | China Shenhua Energy Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    366500 | NS      | $1140775.04   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank Egypt SAE                                   | Commercial International Bank Egypt SAE                                   | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |     79298 | NS      | $130431.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mphasis Ltd.                                                              | Mphasis Ltd.                                                              | CUSIP: N/A<br>LEI: 335800NSYTIQLQKUYP62       | Long             | EC               | CORP              | IN        |      3013 | NS      | $76882.39     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                                           | Gruma SAB de CV, Class B                                                  | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     51209 | NS      | $742714.74    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil & Gas Development Co. Ltd.                                            | Oil & Gas Development Co. Ltd.                                            | CUSIP: N/A<br>LEI: 254900M131N1GDOLPD60       | Long             | EC               | CORP              | PK        |    221502 | NS      | $72566.70     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd.                                                         | Nestle India Ltd.                                                         | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |      2738 | NS      | $636993.50    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Henan Shuanghui Investment & Development Co. Ltd.                         | Henan Shuanghui Investment & Development Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     14100 | NS      | $53338.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co.                                                  | SABIC Agri-Nutrients Co.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      8945 | NS      | $327969.90    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Communications Services Corp. Ltd.                                  | China Communications Services Corp. Ltd., Class H                         | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |    712000 | NS      | $270944.27    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd.                                                            | JSW Steel Ltd.                                                            | CUSIP: N/A<br>LEI: 335800EK6HZSC4CVAJ09       | Long             | EC               | CORP              | IN        |     39806 | NS      | $349932.01    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Cooperative Financial Holding Co. Ltd.                             | Taiwan Cooperative Financial Holding Co. Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    927819 | NS      | $819886.19    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Port Group Co. Ltd.                                       | China Merchants Port Group Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 3003004CZ5QRT4FIXE02       | Long             | EC               | CORP              | CN        |     62500 | NS      | $138586.08    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Cement Co.                                                          | Saudi Cement Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     27647 | NS      | $382953.03    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Chemicals & Fibre Corp.                                           | Formosa Chemicals & Fibre Corp.                                           | CUSIP: N/A<br>LEI: 254900OJX8UZOAIVSU82       | Long             | EC               | CORP              | TW        |    180000 | NS      | $433853.70    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Agile Group Holdings Ltd.                                                 | Agile Group Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 549300ZRISRT38EEYY07       | Long             | EC               | CORP              | KY        |    104000 | NS      | $33455.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                  | Itau Unibanco Holding SA (Preference)                                     | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    196844 | NS      | $982222.98    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TAV Havalimanlari Holding A/S                                             | TAV Havalimanlari Holding A/S                                             | CUSIP: N/A<br>LEI: 789000PBM9TT5D88M597       | Long             | EC               | CORP              | TR        |    114252 | NS      | $501263.80    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Industries Qatar QSC                                                      | Industries Qatar QSC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    201094 | NS      | $779118.19    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Total Access Communication PCL                                            | Total Access Communication PCL                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     66400 | NS      | $99910.39     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipro PJSC                                                               | Unipro PJSC                                                               | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |   4941067 | NS      | $1948.07      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Vanke Co. Ltd.                                                      | China Vanke Co. Ltd., Class H                                             | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               | CORP              | CN        |     67300 | NS      | $136047.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tofas Turk Otomobil Fabrikasi A/S                                         | Tofas Turk Otomobil Fabrikasi A/S                                         | CUSIP: N/A<br>LEI: 789000YSTNETKLRWHT29       | Long             | EC               | CORP              | TR        |     72456 | NS      | $610144.17    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuala Lumpur Kepong Bhd.                                                  | Kuala Lumpur Kepong Bhd.                                                  | CUSIP: N/A<br>LEI: 2549009JSTRFMR7A8D34       | Long             | EC               | CORP              | MY        |     32500 | NS      | $163498.51    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyad Bank                                                                | Riyad Bank                                                                | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |     65448 | NS      | $539840.96    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DiGi.Com Bhd.                                                             | DiGi.Com Bhd.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    410000 | NS      | $405489.83    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Rural Commercial Bank Co. Ltd.                                  | Chongqing Rural Commercial Bank Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 300300C1126750000027       | Long             | EC               | CORP              | CN        |    238000 | NS      | $85976.89     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarana Menara Nusantara Tbk. PT                                           | Sarana Menara Nusantara Tbk. PT                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   4064000 | NS      | $304376.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Semir Garment Co. Ltd.                                           | Zhejiang Semir Garment Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    192500 | NS      | $158016.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Globe Telecom, Inc.                                                       | Globe Telecom, Inc.                                                       | CUSIP: N/A<br>LEI: 254900GPWI1816YIM923       | Long             | EC               | CORP              | PH        |      3778 | NS      | $140096.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangxi Guiguan Electric Power Co. Ltd.                                   | Guangxi Guiguan Electric Power Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 300300SZQP4SCND2NH61       | Long             | EC               | CORP              | CN        |    334600 | NS      | $276804.28    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Investec Ltd.                                                             | Investec Ltd.                                                             | CUSIP: N/A<br>LEI: 213800CU7SM6O4UWOZ70       | Long             | EC               | CORP              | ZA        |     38232 | NS      | $243080.81    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Adani Power Ltd.                                                          | Adani Power Ltd.                                                          | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |     87900 | NS      | $241351.37    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Investment Bank (The)                                               | Saudi Investment Bank (The)                                               | CUSIP: N/A<br>LEI: 558600V3J4M5TUY9HR70       | Long             | EC               | CORP              | SA        |     69646 | NS      | $334588.87    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Expressway Co. Ltd.                                               | Jiangsu Expressway Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 529900UWWTWZ6AKLYD43       | Long             | EC               | CORP              | CN        |     54000 | NS      | $67733.02     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB Bank Bhd.                                                             | RHB Bank Bhd.                                                             | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |    127000 | NS      | $171446.42    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd.                                                                 | NHPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 3358003ZPPTGWT595J46       | Long             | EC               | CORP              | IN        |    300802 | NS      | $161780.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepkor Holdings Ltd.                                                      | Pepkor Holdings Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    214093 | NS      | $252851.22    | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Shenzhen Salubris Pharmaceuticals Co. Ltd.                                | Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     52000 | NS      | $279461.74    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hopson Development Holdings Ltd.                                          | Hopson Development Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 549300HYMKPTC1DTZS42       | Long             | EC               | CORP              | BM        |     80736 | NS      | $95692.87     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank PJSC                                                 | First Abu Dhabi Bank PJSC                                                 | CUSIP: N/A<br>LEI: 2138002Y3WMK6RZS8H90       | Long             | EC               | CORP              | AE        |    144262 | NS      | $535123.10    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Abdullah Al Othaim Markets Co.                                            | Abdullah Al Othaim Markets Co.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      7782 | NS      | $218918.35    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co. Ltd.                                                 | Great Wall Motor Co. Ltd., Class H                                        | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |    387000 | NS      | $546425.47    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Airlines Catering Co.                                               | Saudi Airlines Catering Co.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     23387 | NS      | $473106.29    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| RusHydro PJSC                                                             | RusHydro PJSC                                                             | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               | CORP              | RU        |  35715691 | NS      | $5977.38      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Arca Continental SAB de CV                                                | Arca Continental SAB de CV                                                | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |     87149 | NS      | $768723.55    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Kuwait SAKP                                              | National Bank of Kuwait SAKP                                              | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |    541212 | NS      | $1948242.78   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp. Ltd.                                                     | Indian Oil Corp. Ltd.                                                     | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |    118032 | NS      | $118070.18    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Malaysia Bhd.                                                     | Telekom Malaysia Bhd.                                                     | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    350200 | NS      | $429600.56    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp. Ltd.                                    | Housing Development Finance Corp. Ltd.                                    | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64       | Long             | EC               | CORP              | IN        |     54715 | NS      | $1761409.19   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                                           | CTBC Financial Holding Co. Ltd.                                           | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   1878395 | NS      | $1436266.92   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipar Carbocloro SA                                                      | Unipar Carbocloro SA (Preference), Class B                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      7261 | NS      | $122525.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gudang Garam Tbk. PT                                                      | Gudang Garam Tbk. PT                                                      | CUSIP: N/A<br>LEI: 5299005TDQ8UGGR3AM31       | Long             | EC               | CORP              | ID        |     56900 | NS      | $87304.87     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American Platinum Ltd.                                              | Anglo American Platinum Ltd.                                              | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      7068 | NS      | $525655.07    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Zydus Lifesciences Ltd.                                                   | Zydus Lifesciences Ltd.                                                   | CUSIP: N/A<br>LEI: 335800R9O14ORBXLPN13       | Long             | EC               | CORP              | IN        |     15035 | NS      | $79352.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SIMPAR SA                                                                 | SIMPAR SA                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     50406 | NS      | $77451.45     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Seazen Holdings Co. Ltd.                                                  | Seazen Holdings Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300TGAEBDZS3VS786       | Long             | EC               | CORP              | CN        |     58800 | NS      | $186010.37    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                                        | Kimberly-Clark de Mexico SAB de CV, Class A                               | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |     49345 | NS      | $93944.31     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd.                                                        | Nedbank Group Ltd.                                                        | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     54384 | NS      | $703772.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| China United Network Communications Ltd.                                  | China United Network Communications Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300UTFDNZL9GJRR78       | Long             | EC               | CORP              | CN        |    702000 | NS      | $544473.32    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp.                                                  | Lite-On Technology Corp.                                                  | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |    246000 | NS      | $546636.23    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd.                                                    | Shoprite Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     69748 | NS      | $965532.92    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd.                  | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     53500 | NS      | $384753.63    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Auren Energia SA                                                          | Auren Energia SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     87077 | NS      | $265366.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REC Ltd.                                                                  | REC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |     85721 | NS      | $127915.30    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Coal Energy Co. Ltd.                                                | China Coal Energy Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    406000 | NS      | $325805.86    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Fertilizer Co. Ltd.                                                | Taiwan Fertilizer Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    265000 | NS      | $494070.93    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                                                   | Rumo SA                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    131111 | NS      | $475494.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Joyoung Co. Ltd.                                                          | Joyoung Co. Ltd., Class A                                                 | CUSIP: N/A<br>LEI: 3003009IDE4C1JWM1R13       | Long             | EC               | CORP              | CN        |     44671 | NS      | $123295.89    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                                  | Ambev SA                                                                  | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    359459 | NS      | $968697.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Sanhua Intelligent Controls Co. Ltd.                             | Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 8368003UTQ4F88XERZ23       | Long             | EC               | CORP              | CN        |    114180 | NS      | $434377.82    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                                                           | Bajaj Auto Ltd.                                                           | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     11525 | NS      | $538927.06    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Yulon Motor Co. Ltd.                                                      | Yulon Motor Co. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    112000 | NS      | $310463.83    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yitai Coal Co. Ltd.                                        | Inner Mongolia Yitai Coal Co. Ltd., Class B                               | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69       | Long             | EC               | CORP              | CN        |    352200 | NS      | $529345.74    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MultiChoice Group                                                         | MultiChoice Group                                                         | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               | CORP              | ZA        |     86419 | NS      | $594999.78    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SinoPac Financial Holdings Co. Ltd.                                       | SinoPac Financial Holdings Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1563275 | NS      | $903140.60    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co. Ltd.                                             | Baoshan Iron & Steel Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    343700 | NS      | $315135.26    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                                                        | Regional SAB de CV                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     17628 | NS      | $152534.79    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                                             | PhosAgro PJSC                                                             | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      1940 | NS      | $2386.44      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hindustan Zinc Ltd.                                                       | Hindustan Zinc Ltd.                                                       | CUSIP: N/A<br>LEI: 335800LB39TLJ8YTWM98       | Long             | EC               | CORP              | IN        |     14784 | NS      | $60325.42     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Minsheng Banking Corp. Ltd.                                         | China Minsheng Banking Corp. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               | CORP              | CN        |    271300 | NS      | $101432.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Otokar Otomotiv ve Savunma Sanayi A/S                                     | Otokar Otomotiv ve Savunma Sanayi A/S                                     | CUSIP: N/A<br>LEI: 5493000NBAE8C7SELC90       | Long             | EC               | CORP              | TR        |      8342 | NS      | $443416.49    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vedanta Ltd.                                                              | Vedanta Ltd.                                                              | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    137227 | NS      | $560702.56    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                                          | Fubon Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |    216185 | NS      | $435414.81    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Hisoar Pharmaceutical Co. Ltd.                                   | Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 3003009H2CTRCTXDSA42       | Long             | EC               | CORP              | CN        |    158900 | NS      | $174573.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgutneftegas PJSC                                                       | Surgutneftegas PJSC (Preference)                                          | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    655737 | NS      | $4969.96      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Fuel QSC                                                            | Qatar Fuel QSC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     52810 | NS      | $259517.87    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Publishing & Media Co. Ltd.                                      | Shandong Publishing & Media Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    386800 | NS      | $367653.85    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund                                | JPMorgan U.S. Government Money Market Fund, Share Class IM                | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    155520 | NS      | $155520.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                                           | Mega Financial Holding Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1054013 | NS      | $1125487.83   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                                        | Banco del Bajio SA                                                        | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |     86559 | NS      | $347697.76    | 0.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Alpha Dhabi Holding PJSC                                                  | Alpha Dhabi Holding PJSC                                                  | CUSIP: N/A<br>LEI: 254900EH6E1KZJBO3246       | Long             | EC               | CORP              | AE        |      6547 | NS      | $42778.03     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cielo SA                                                                  | Cielo SA                                                                  | CUSIP: N/A<br>LEI: 635400V276LMQ5UZ6C26       | Long             | EC               | CORP              | BR        |    613100 | NS      | $605092.49    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalwafers Co. Ltd.                                                     | Globalwafers Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 529900V6RTNF3U5EGX67       | Long             | EC               | CORP              | TW        |     20000 | NS      | $350901.21    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Adaro Energy Indonesia Tbk. PT                                            | Adaro Energy Indonesia Tbk. PT                                            | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   2799600 | NS      | $554727.53    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianhe Chemicals Group Ltd.                                               | Tianhe Chemicals Group Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petronet LNG Ltd.                                                         | Petronet LNG Ltd.                                                         | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |     71080 | NS      | $189211.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.                                 | Ping An Insurance Group Co. of China Ltd., Class H                        | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    131000 | NS      | $1017568.94   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                                               | Bharat Petroleum Corp. Ltd.                                               | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |     52170 | NS      | $218966.96    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai International Port Group Co. Ltd.                                | Shanghai International Port Group Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: 300300DAQ7G1LS22G609       | Long             | EC               | CORP              | CN        |    362300 | NS      | $286705.99    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd.                                            | China Resources Gas Group Ltd.                                            | CUSIP: N/A<br>LEI: 529900A0E1J5JSOKEK83       | Long             | EC               | CORP              | BM        |    130000 | NS      | $546680.94    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                                       | PetroChina Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    232300 | NS      | $178654.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Pick n Pay Stores Ltd.                                                    | Pick n Pay Stores Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    115206 | NS      | $369453.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Yang Ming Marine Transport Corp.                                          | Yang Ming Marine Transport Corp.                                          | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    191000 | NS      | $401168.74    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Electricity Co.                                                     | Saudi Electricity Co.                                                     | CUSIP: N/A<br>LEI: 549300FXO4ZXUIAXGP41       | Long             | EC               | CORP              | SA        |    129012 | NS      | $794968.71    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Hangzhou Co. Ltd.                                                 | Bank of Hangzhou Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300C1092033000075       | Long             | EC               | CORP              | CN        |    192600 | NS      | $372061.34    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Ya Plastics Corp.                                                     | Nan Ya Plastics Corp.                                                     | CUSIP: N/A<br>LEI: 254900L66RP14M9UOM28       | Long             | EC               | CORP              | TW        |    539000 | NS      | $1356463.17   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Oyak Cimento Fabrikalari A/S                                              | Oyak Cimento Fabrikalari A/S                                              | CUSIP: N/A<br>LEI: 789000RZ63UR4V4JZH98       | Long             | EC               | CORP              | TR        |    468087 | NS      | $535764.67    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Chen Corp.                                                            | Pou Chen Corp.                                                            | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |    582000 | NS      | $667752.19    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CSG Holding Co. Ltd.                                                      | CSG Holding Co. Ltd., Class A                                             | CUSIP: N/A<br>LEI: 300300ER02X2M47OE155       | Long             | EC               | CORP              | CN        |    158500 | NS      | $170520.95    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Airlines Ltd.                                                       | China Airlines Ltd.                                                       | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |    764000 | NS      | $498384.53    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Feng TAY Enterprise Co. Ltd.                                              | Feng TAY Enterprise Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     36000 | NS      | $237694.36    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV                        | Promotora y Operadora de Infraestructura SAB de CV                        | CUSIP: N/A<br>LEI: 52990035X6RK8DBUWA73       | Long             | EC               | CORP              | MX        |     51996 | NS      | $507465.28    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinoma International Engineering Co.                                      | Sinoma International Engineering Co., Class A                             | CUSIP: N/A<br>LEI: 300300A8BDE5H0E13J94       | Long             | EC               | CORP              | CN        |    103700 | NS      | $140819.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Leong Financial Group Bhd.                                           | Hong Leong Financial Group Bhd.                                           | CUSIP: N/A<br>LEI: 549300EGI40XD5GGWS62       | Long             | EC               | CORP              | MY        |     13500 | NS      | $58581.30     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                                    | TIM SA                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    172047 | NS      | $400605.86    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Energisa SA                                                               | Energisa SA                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     19552 | NS      | $162731.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd.                                                 | ANTA Sports Products Ltd.                                                 | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     16000 | NS      | $242697.91    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                                   | Accton Technology Corp.                                                   | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     51000 | NS      | $416786.20    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                                                | Cipla Ltd.                                                                | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |     44442 | NS      | $554002.93    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                                               | Alrosa PJSC                                                               | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |    200448 | NS      | $4121.58      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Shenzhen New Nanshan Holding Group Co. Ltd.                               | Shenzhen New Nanshan Holding Group Co. Ltd., Class A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    419400 | NS      | $239874.66    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurobindo Pharma Ltd.                                                     | Aurobindo Pharma Ltd.                                                     | CUSIP: N/A<br>LEI: 335800G4T2A353RDGM23       | Long             | EC               | CORP              | IN        |     17663 | NS      | $88311.88     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Chemical Engineering Co. Ltd.                              | China National Chemical Engineering Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300PQKHJ03AUIIX32       | Long             | EC               | CORP              | CN        |    126700 | NS      | $163311.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                                               | President Chain Store Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     90000 | NS      | $810683.45    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                                                | Unilever Indonesia Tbk. PT                                                | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |    588800 | NS      | $183282.57    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Bimbo SAB de CV                                                     | Grupo Bimbo SAB de CV, Series A                                           | CUSIP: N/A<br>LEI: 5493000RIXURZEBFEV60       | Long             | EC               | CORP              | MX        |    267225 | NS      | $1326723.41   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd.                                                   | Sibanye Stillwater Ltd.                                                   | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    197688 | NS      | $522539.12    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club, Inc.                                                 | Puregold Price Club, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |     33100 | NS      | $20332.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                                         | Huayu Automotive Systems Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |     76700 | NS      | $207610.28    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                  | Reliance Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     71851 | NS      | $2072715.30   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd. (The)                                                  | Bidvest Group Ltd. (The)                                                  | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |     62030 | NS      | $800614.79    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Haitian International Holdings Ltd.                                       | Haitian International Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 30030093DDRS825TVP62       | Long             | EC               | CORP              | KY        |    135000 | NS      | $414308.86    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                                              | Ooredoo QPSC                                                              | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    244382 | NS      | $600483.04    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Zhongtian Technology Co. Ltd.                                     | Jiangsu Zhongtian Technology Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003006LG5TV3D5D3508       | Long             | EC               | CORP              | CN        |    149400 | NS      | $363317.85    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Wanxiang Qianchao Co. Ltd.                                                | Wanxiang Qianchao Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 300300WMILSKZLS04K91       | Long             | EC               | CORP              | CN        |    604200 | NS      | $471227.43    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                                                 | Itausa SA (Preference)                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    273037 | NS      | $458261.97    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Datang International Power Generation Co. Ltd.                            | Datang International Power Generation Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 213800VW156IS7SJUL96       | Long             | EC               | CORP              | CN        |   1230000 | NS      | $210732.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                                           | GAIL India Ltd.                                                           | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |     53894 | NS      | $62859.69     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PLDT, Inc.                                                                | PLDT, Inc.                                                                | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |     15750 | NS      | $390333.11    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co. PJSC                                | Emirates Telecommunications Group Co. PJSC                                | CUSIP: N/A<br>LEI: 529900XDPQPWEQ9BGB80       | Long             | EC               | CORP              | AE        |    202732 | NS      | $1420456.58   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co.                                                         | Saudi Telecom Co.                                                         | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |     34897 | NS      | $344405.49    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Arabian Internet & Communications Services Co.                            | Arabian Internet & Communications Services Co.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      9070 | NS      | $614166.70    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| M.Video PJSC                                                              | M.Video PJSC                                                              | CUSIP: N/A<br>LEI: 2534003NF2LMLPBUVF11       | Long             | EC               | CORP              | RU        |      8526 | NS      | $538.98       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Medical System Holdings Ltd.                                        | China Medical System Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 529900Z57DVJXUBLHX66       | Long             | EC               | CORP              | KY        |    323000 | NS      | $557568.20    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Islamic Bank SAQ                                                    | Qatar Islamic Bank SAQ                                                    | CUSIP: N/A<br>LEI: 254900CFGPXJI71OHT95       | Long             | EC               | CORP              | QA        |    131130 | NS      | $708265.83    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hengan International Group Co. Ltd.                                       | Hengan International Group Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     60000 | NS      | $295161.65    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Huadian Power International Corp. Ltd.                                    | Huadian Power International Corp. Ltd., Class H                           | CUSIP: N/A<br>LEI: 529900207FCOKWBDRE79       | Long             | EC               | CORP              | CN        |    798000 | NS      | $319437.60    | 0.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Jiangling Motors Corp. Ltd.                                               | Jiangling Motors Corp. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 300300I9TKRYYK07B478       | Long             | EC               | CORP              | CN        |     97000 | NS      | $216885.80    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co. Ltd.                                          | E.Sun Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |   1185216 | NS      | $970736.72    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Jointo Energy Investment Co. Ltd. Hebei                                   | Jointo Energy Investment Co. Ltd. Hebei, Class A                          | CUSIP: N/A<br>LEI: 300300N4XGNLOAQZDX67       | Long             | EC               | CORP              | CN        |    273000 | NS      | $223229.94    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Yankuang Energy Group Co. Ltd.                                            | Yankuang Energy Group Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | CN        |    266000 | NS      | $855469.38    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                                         | Centrais Eletricas Brasileiras SA                                         | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    113328 | NS      | $907731.32    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                                          | Turkcell Iletisim Hizmetleri A/S                                          | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    353393 | NS      | $685024.37    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                                    | Petroleo Brasileiro SA (Preference)                                       | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    406486 | NS      | $2096370.09   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                                            | Tata Consultancy Services Ltd.                                            | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     49825 | NS      | $2056460.82   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo                           | Cia de Saneamento Basico do Estado de Sao Paulo                           | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     49914 | NS      | $549159.21    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Maanshan Iron & Steel Co. Ltd.                                            | Maanshan Iron & Steel Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 529900A75J4LKKIUAJ17       | Long             | EC               | CORP              | CN        |    368000 | NS      | $89851.77     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S                                  | Aselsan Elektronik Sanayi ve Ticaret A/S                                  | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    230741 | NS      | $698163.20    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                                     | Aldar Properties PJSC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    480564 | NS      | $572322.19    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                                     | Banco Santander Chile                                                     | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |   8709505 | NS      | $366143.69    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                                 | COSCO SHIPPING Ports Ltd.                                                 | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |    304000 | NS      | $229977.77    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China International Marine Containers Group Co. Ltd.                      | China International Marine Containers Group Co. Ltd., Class A             | CUSIP: N/A<br>LEI: 300300Q7JK7J0KAIEA51       | Long             | EC               | CORP              | CN        |    277000 | NS      | $298833.25    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Embotelladora Andina SA                                                   | Embotelladora Andina SA (Preference), Class B                             | CUSIP: N/A<br>LEI: 254900NNPKP1J9XTSA53       | Long             | EC               | CORP              | CL        |    107253 | NS      | $266059.59    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aksa Enerji Uretim A/S                                                    | Aksa Enerji Uretim A/S                                                    | CUSIP: N/A<br>LEI: 789000KQC5JTW1S3JG98       | Long             | EC               | CORP              | TR        |    198210 | NS      | $374516.97    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Koza Anadolu Metal Madencilik Isletmeleri A/S                             | Koza Anadolu Metal Madencilik Isletmeleri A/S                             | CUSIP: N/A<br>LEI: 789000DVKGVEC9701443       | Long             | EC               | CORP              | TR        |    188303 | NS      | $532870.58    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| TangShan Port Group Co. Ltd.                                              | TangShan Port Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300R1OCOESINHQW02       | Long             | EC               | CORP              | CN        |   1122900 | NS      | $474438.74    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Weixing New Building Materials Co. Ltd.                          | Zhejiang Weixing New Building Materials Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     85397 | NS      | $289532.28    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CGN Power Co. Ltd.                                                        | CGN Power Co. Ltd., Class H                                               | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               | CORP              | CN        |   2339000 | NS      | $546528.92    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Weifu High-Technology Group Co. Ltd.                                      | Weifu High-Technology Group Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 836800MCS4V36YPBDO22       | Long             | EC               | CORP              | CN        |     90200 | NS      | $249670.97    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd.                        | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd., Class A               | CUSIP: N/A<br>LEI: 300300WILI2S0MCID293       | Long             | EC               | CORP              | CN        |     96200 | NS      | $173275.73    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Truworths International Ltd.                                              | Truworths International Ltd.                                              | CUSIP: N/A<br>LEI: 37890099AFD770037522       | Long             | EC               | CORP              | ZA        |    173056 | NS      | $659502.05    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Neoenergia SA                                                             | Neoenergia SA                                                             | CUSIP: N/A<br>LEI: 959800B3RXPMGEZ1W429       | Long             | EC               | CORP              | BR        |     11668 | NS      | $34638.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Anadolu Grubu Holding A/S                                              | AG Anadolu Grubu Holding A/S                                              | CUSIP: N/A<br>LEI: 789000K5XY4AZWGQQU40       | Long             | EC               | CORP              | TR        |     96838 | NS      | $468506.61    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Icecek A/S                                                      | Coca-Cola Icecek A/S                                                      | CUSIP: N/A<br>LEI: 789000WT80VVLUWJDK41       | Long             | EC               | CORP              | TR        |     50460 | NS      | $492135.47    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| China South Publishing & Media Group Co. Ltd.                             | China South Publishing & Media Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    309900 | NS      | $452443.41    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                                                   | Sberbank of Russia PJSC                                                   | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    537391 | NS      | $16767.37     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Hindustan Unilever Ltd.                                                   | Hindustan Unilever Ltd.                                                   | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     77898 | NS      | $2457710.82   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                                            | Cia Energetica de Minas Gerais (Preference)                               | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EC               | CORP              | BR        |    284252 | NS      | $644512.84    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd.                                                  | ENN Energy Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |     87100 | NS      | $1312311.93   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp.                                          | China Petroleum & Chemical Corp., Class H                                 | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   1410000 | NS      | $761357.35    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| An Hui Wenergy Co. Ltd.                                                   | An Hui Wenergy Co. Ltd., Class A                                          | CUSIP: N/A<br>LEI: 300300HYQLVPCWYFV397       | Long             | EC               | CORP              | CN        |    252900 | NS      | $166551.15    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Seazen Group Ltd.                                                         | Seazen Group Ltd.                                                         | CUSIP: N/A<br>LEI: 5493006M8GRAQRCSCD67       | Long             | EC               | CORP              | KY        |    200000 | NS      | $77926.36     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiger Brands Ltd.                                                         | Tiger Brands Ltd.                                                         | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     39827 | NS      | $476184.43    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Tunnel Engineering Co. Ltd.                                      | Shanghai Tunnel Engineering Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 300300MM4YQNHL44T156       | Long             | EC               | CORP              | CN        |    321600 | NS      | $258108.75    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    332267 | NS      | $445160.14    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp.                                             | China Construction Bank Corp., Class H                                    | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   2599000 | NS      | $1682309.11   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhengzhou Coal Mining Machinery Group Co. Ltd.                            | Zhengzhou Coal Mining Machinery Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: 300300PYAQHLZLU5N973       | Long             | EC               | CORP              | CN        |    201700 | NS      | $384142.98    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Energy Transportation Co. Ltd.                             | COSCO SHIPPING Energy Transportation Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900IGB8FVHRCR1W95       | Long             | EC               | CORP              | CN        |    104000 | NS      | $97978.21     | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                                       | MSCI Emerging Markets E-Mini Index                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $-882.42      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sistema PJSFC                                                             | Sistema PJSFC                                                             | CUSIP: N/A<br>LEI: 213800JSZ2UUK4QQK694       | Long             | EC               | CORP              | RU        |    308352 | NS      | $918.01       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United Tractors Tbk. PT                                                   | United Tractors Tbk. PT                                                   | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    238400 | NS      | $391394.85    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| XL Axiata Tbk. PT                                                         | XL Axiata Tbk. PT                                                         | CUSIP: N/A<br>LEI: 529900GV66NMGZLKFS48       | Long             | EC               | CORP              | ID        |   1739000 | NS      | $267836.16    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp. Ltd.                                              | Oil & Natural Gas Corp. Ltd.                                              | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |    195033 | NS      | $347521.05    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongguan Development Holdings Co. Ltd.                                    | Dongguan Development Holdings Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: 300300RX4BT274B8W479       | Long             | EC               | CORP              | CN        |    149300 | NS      | $208550.15    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                           | Cemex SAB de CV                                                           | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |   1408191 | NS      | $749320.19    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| China Lesso Group Holdings Ltd.                                           | China Lesso Group Holdings Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    206000 | NS      | $234161.15    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Petroleum Corp. Ltd.                                            | Hindustan Petroleum Corp. Ltd.                                            | CUSIP: N/A<br>LEI: 335800DWLXIP7HFFY564       | Long             | EC               | CORP              | IN        |     30581 | NS      | $88971.08     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                                                 | Hypera SA                                                                 | CUSIP: N/A<br>LEI: 25490092WKPBKTIZX403       | Long             | EC               | CORP              | BR        |     53389 | NS      | $491053.01    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Haci Omer Sabanci Holding A/S                                             | Haci Omer Sabanci Holding A/S                                             | CUSIP: N/A<br>LEI: 78900090FFOWNLGP0F20       | Long             | EC               | CORP              | TR        |    285606 | NS      | $594037.71    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                                               | MOL Hungarian Oil & Gas plc                                               | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     51252 | NS      | $383013.23    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatneft PJSC                                                              | Tatneft PJSC                                                              | CUSIP: N/A<br>LEI: 253400PAT768SVJMV121       | Long             | EC               | CORP              | RU        |     17275 | NS      | $1548.45      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cia Paranaense de Energia                                                 | Cia Paranaense de Energia (Preference)                                    | CUSIP: N/A<br>LEI: 2549001AS1I9A71VG663       | Long             | EC               | CORP              | BR        |    404795 | NS      | $621988.65    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co. Ltd.                                                          | Li Ning Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | KY        |    208000 | NS      | $2056218.16   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Changan Automobile Co. Ltd.                                     | Chongqing Changan Automobile Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 300300WKFSBX9P5ZOM25       | Long             | EC               | CORP              | CN        |    176930 | NS      | $372607.24    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa SAB de CV                                                            | Alfa SAB de CV, Class A                                                   | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34       | Long             | EC               | CORP              | MX        |    894613 | NS      | $647543.89    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                                              | Dr Reddy's Laboratories Ltd.                                              | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |      9141 | NS      | $484784.22    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Dian Tou Energy Corp. Ltd.                                 | Inner Mongolia Dian Tou Energy Corp. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    202816 | NS      | $397176.70    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaibei Mining Holdings Co. Ltd.                                          | Huaibei Mining Holdings Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    129500 | NS      | $258176.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Banpu PCL                                                                 | Banpu PCL                                                                 | CUSIP: N/A<br>LEI: 529900AJ2Z6SUR6TSW75       | Long             | EC               | CORP              | TH        |    486400 | NS      | $171671.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Electricity & Water Co. QSC                                         | Qatar Electricity & Water Co. QSC                                         | CUSIP: N/A<br>LEI: 2763MA9U3F8LNMP1G116       | Long             | EC               | CORP              | QA        |    103075 | NS      | $503239.79    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanxi Coking Coal Energy Group Co. Ltd.                                  | Shanxi Coking Coal Energy Group Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 3003006IEAP7EBNLIL41       | Long             | EC               | CORP              | CN        |    147900 | NS      | $258530.57    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Ltd.                                                                | CITIC Ltd.                                                                | CUSIP: N/A<br>LEI: 2549006I3Q3M98KHOT11       | Long             | EC               | CORP              | HK        |    613000 | NS      | $717316.00    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Chemicals Group Bhd.                                             | Petronas Chemicals Group Bhd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    308400 | NS      | $605216.67    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                                   | MMC Norilsk Nickel PJSC                                                   | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |      3087 | NS      | $14761.51     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Banco de Chile                                                            | Banco de Chile                                                            | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   4323746 | NS      | $472478.23    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Pharmacare Holdings Ltd.                                            | Aspen Pharmacare Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 635400ZYSN1IRD5QWQ94       | Long             | EC               | CORP              | ZA        |     19529 | NS      | $170385.05    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.                         | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 8368009VDA1C3G87FP95       | Long             | EC               | CORP              | CN        |     62600 | NS      | $278568.30    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                                                    | Novolipetsk Steel PJSC                                                    | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    155019 | NS      | $6949.45      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KingClean Electric Co. Ltd.                                               | KingClean Electric Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     68118 | NS      | $314344.27    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hotai Motor Co. Ltd.                                                      | Hotai Motor Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 254900ZL0NDWNH1MNQ51       | Long             | EC               | CORP              | TW        |     21000 | NS      | $461057.69    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Intouch Holdings PCL                                                      | Intouch Holdings PCL                                                      | CUSIP: N/A<br>LEI: 529900UDPDZWDBCCDO79       | Long             | EC               | CORP              | TH        |    210800 | NS      | $465813.97    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Total Access Communication PCL                                            | Total Access Communication PCL                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    166200 | NS      | $250076.90    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MLP Saglik Hizmetleri A/S                                                 | MLP Saglik Hizmetleri A/S                                                 | CUSIP: N/A<br>LEI: 789000M2LTGHSXVOQL65       | Long             | EC               | CORP              | TR        |     37086 | NS      | $157893.13    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nestle Malaysia Bhd.                                                      | Nestle Malaysia Bhd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |      9200 | NS      | $291587.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaga Nasional Bhd.                                                      | Tenaga Nasional Bhd.                                                      | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    359100 | NS      | $793540.79    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Livzon Pharmaceutical Group, Inc.                                         | Livzon Pharmaceutical Group, Inc., Class A                                | CUSIP: N/A<br>LEI: 529900Y4GWTVVTORJ443       | Long             | EC               | CORP              | CN        |     43500 | NS      | $218745.14    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                                     | Saudi Arabian Oil Co.                                                     | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    185975 | NS      | $1640763.44   | 0.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Saudi Arabian Mining Co.                                                  | Saudi Arabian Mining Co.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     23629 | NS      | $467555.11    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                                          | Telkom Indonesia Persero Tbk. PT                                          | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   4587900 | NS      | $1185663.51   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| KOC Holding A/S                                                           | KOC Holding A/S                                                           | CUSIP: N/A<br>LEI: 7890005U0H950VH19H45       | Long             | EC               | CORP              | TR        |    178637 | NS      | $728316.42    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                                            | BB Seguridade Participacoes SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    123945 | NS      | $924649.28    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CAP SA                                                                    | CAP SA                                                                    | CUSIP: N/A<br>LEI: 54930079GPG23NTBB003       | Long             | EC               | CORP              | CL        |     12548 | NS      | $115841.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd.                         | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     11400 | NS      | $563776.98    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                                             | Sino-Ocean Group Holding Ltd.                                             | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | EC               | CORP              | HK        |    550500 | NS      | $82856.55     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Axiata Group Bhd.                                                         | Axiata Group Bhd.                                                         | CUSIP: N/A<br>LEI: 254900DM0V7OCPDUUC55       | Long             | EC               | CORP              | MY        |    345500 | NS      | $246147.95    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Marfrig Global Foods SA                                                   | Marfrig Global Foods SA                                                   | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92       | Long             | EC               | CORP              | BR        |    110772 | NS      | $168679.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huapont Life Sciences Co. Ltd.                                            | Huapont Life Sciences Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 3003009TGXJC0JJVTJ07       | Long             | EC               | CORP              | CN        |    334800 | NS      | $266922.49    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tian Di Science & Technology Co. Ltd.                                     | Tian Di Science & Technology Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    460100 | NS      | $364147.66    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Heilongjiang Agriculture Co. Ltd.                                         | Heilongjiang Agriculture Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300QU9AQS1YMTV002       | Long             | EC               | CORP              | CN        |    205500 | NS      | $430947.53    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Shiyuan Electronic Technology Co. Ltd.                          | Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: 300300XCN9JKXKDKGF57       | Long             | EC               | CORP              | CN        |     16400 | NS      | $153335.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel Americas SA                                                          | Enel Americas SA                                                          | CUSIP: N/A<br>LEI: 549300LKH11TFCJLZK20       | Long             | EC               | CORP              | CL        |   2157432 | NS      | $285614.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Traktor ve Ziraat Makineleri A/S                                     | Turk Traktor ve Ziraat Makineleri A/S                                     | CUSIP: N/A<br>LEI: 7890002G98SY237S0Y70       | Long             | EC               | CORP              | TR        |     17544 | NS      | $537717.72    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Hualu Hengsheng Chemical Co. Ltd.                                | Shandong Hualu Hengsheng Chemical Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: 655600R2WZ4EKICFE373       | Long             | EC               | CORP              | CN        |    109040 | NS      | $547086.71    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Transmissora Alianca de Energia Eletrica SA                               | Transmissora Alianca de Energia Eletrica SA                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     68580 | NS      | $501215.06    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Yunnan Baiyao Group Co. Ltd.                                              | Yunnan Baiyao Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     25160 | NS      | $214394.69    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Gas Bhd.                                                         | Petronas Gas Bhd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    151200 | NS      | $596186.84    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxis Bhd.                                                                | Maxis Bhd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    525600 | NS      | $488932.51    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Ground Services Co.                                                 | Saudi Ground Services Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     16438 | NS      | $97702.64     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aygaz A/S                                                                 | Aygaz A/S                                                                 | CUSIP: N/A<br>LEI: 7890000PALXE0100Q814       | Long             | EC               | CORP              | TR        |     60709 | NS      | $291776.31    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| G-bits Network Technology Xiamen Co. Ltd.                                 | G-bits Network Technology Xiamen Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      4600 | NS      | $241411.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd.                                            | CSPC Pharmaceutical Group Ltd.                                            | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | HK        |    220000 | NS      | $250844.65    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital Securities Corp.                                                  | Capital Securities Corp.                                                  | CUSIP: N/A<br>LEI: 5493004ZN3KE1X17MG42       | Long             | EC               | CORP              | TW        |    623000 | NS      | $241792.39    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Building Material Co. Ltd.                                 | China National Building Material Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 52990085PGF8YEPLBZ26       | Long             | EC               | CORP              | CN        |    568250 | NS      | $521401.69    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Far Eastern New Century Corp.                                             | Far Eastern New Century Corp.                                             | CUSIP: N/A<br>LEI: 254900CDLU5OS06M6K24       | Long             | EC               | CORP              | TW        |    608000 | NS      | $664504.39    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co. Ltd.                                               | Anhui Conch Cement Co. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |    167000 | NS      | $634002.76    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kalbe Farma Tbk. PT                                                       | Kalbe Farma Tbk. PT                                                       | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |   3920700 | NS      | $539799.92    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Enka Insaat ve Sanayi A/S                                                 | Enka Insaat ve Sanayi A/S                                                 | CUSIP: N/A<br>LEI: 789000EE9HXTYDRH9O46       | Long             | EC               | CORP              | TR        |    469122 | NS      | $742242.78    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd.                                                        | Tech Mahindra Ltd.                                                        | CUSIP: N/A<br>LEI: 3358005FZUZ1I25XQH69       | Long             | EC               | CORP              | IN        |      1902 | NS      | $23749.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd.                                                  | Woolworths Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |    192072 | NS      | $832422.39    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.                                    | Yangzijiang Shipbuilding Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    553600 | NS      | $545767.56    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar International Islamic Bank QSC                                      | Qatar International Islamic Bank QSC                                      | CUSIP: N/A<br>LEI: 2549007SZGKT5N5ND952       | Long             | EC               | CORP              | QA        |     49903 | NS      | $141757.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Port Holdings Co. Ltd.                                    | China Merchants Port Holdings Co. Ltd.                                    | CUSIP: N/A<br>LEI: 529900GA4UH90FUOR048       | Long             | EC               | CORP              | HK        |    270000 | NS      | $378492.52    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bafokeng Platinum Ltd.                                              | Royal Bafokeng Platinum Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      8047 | NS      | $76781.23     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd.                                             | Impala Platinum Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     78184 | NS      | $906608.81    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Taffeta Co. Ltd.                                                  | Formosa Taffeta Co. Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    243000 | NS      | $219900.26    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Ports Co. PJSC                                                  | Abu Dhabi Ports Co. PJSC                                                  | CUSIP: N/A<br>LEI: 213800F5LEV1NQJ68T87       | Long             | EC               | CORP              | AE        |    211966 | NS      | $341582.58    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Rostelecom PJSC                                                           | Rostelecom PJSC                                                           | CUSIP: N/A<br>LEI: 2534001D752JPNM0H170       | Long             | EC               | CORP              | RU        |    157186 | NS      | $2668.31      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Krung Thai Bank PCL                                                       | Krung Thai Bank PCL                                                       | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1382200 | NS      | $732762.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Otomotiv Sanayi A/S                                                  | Ford Otomotiv Sanayi A/S                                                  | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |     24622 | NS      | $669692.00    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                                          | China Feihe Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    360000 | NS      | $345397.72    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                                        | Sun Pharmaceutical Industries Ltd.                                        | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     41843 | NS      | $529792.28    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                                                           | Tata Steel Ltd.                                                           | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |    518624 | NS      | $763798.96    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood CBP Sukses Makmur Tbk. PT                                        | Indofood CBP Sukses Makmur Tbk. PT                                        | CUSIP: N/A<br>LEI: 254900YKZW9GRKZZN285       | Long             | EC               | CORP              | ID        |    193200 | NS      | $130272.11    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                                                 | NMDC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |     54263 | NS      | $25499.30     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Uni-President Enterprises Corp.                                           | Uni-President Enterprises Corp.                                           | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    541000 | NS      | $1215403.91   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                                      | Telefonica Brasil SA                                                      | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |     73586 | NS      | $604047.95    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Telekomunikasyon A/S                                                 | Turk Telekomunikasyon A/S                                                 | CUSIP: N/A<br>LEI: 789000A2TXOI10JZLF90       | Long             | EC               | CORP              | TR        |    545570 | NS      | $597553.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                                   | OPAP SA                                                                   | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     45447 | NS      | $682415.84    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Metallurgical Corp. of China Ltd.                                         | Metallurgical Corp. of China Ltd., Class A                                | CUSIP: N/A<br>LEI: 3003002HS6H57JTIFW38       | Long             | EC               | CORP              | CN        |    445400 | NS      | $222814.60    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| United Breweries Ltd.                                                     | United Breweries Ltd.                                                     | CUSIP: N/A<br>LEI: 335800ADAMN6EW1GCZ31       | Long             | EC               | CORP              | IN        |      2928 | NS      | $57020.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Elm Co.                                                                   | Elm Co.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      7152 | NS      | $681838.48    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinxing Ductile Iron Pipes Co. Ltd.                                       | Xinxing Ductile Iron Pipes Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300A407JW1QWEPO04       | Long             | EC               | CORP              | CN        |    406400 | NS      | $231111.93    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co.                                             | Mouwasat Medical Services Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      2897 | NS      | $159491.35    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia ERDOS Resources Co. Ltd.                                   | Inner Mongolia ERDOS Resources Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 300300UPV0ZBASQKK574       | Long             | EC               | CORP              | CN        |    108800 | NS      | $270873.25    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mesaieed Petrochemical Holding Co.                                        | Mesaieed Petrochemical Holding Co.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    277883 | NS      | $164850.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co. Ltd.                                          | First Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 529900BC1U046Q2GUZ64       | Long             | EC               | CORP              | TW        |    975357 | NS      | $850698.43    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Lombard General Insurance Co. Ltd.                                  | ICICI Lombard General Insurance Co. Ltd.                                  | CUSIP: N/A<br>LEI: 335800ZZITZ7ZZZ2ZX87       | Long             | EC               | CORP              | IN        |      3924 | NS      | $54291.76     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dabur India Ltd.                                                          | Dabur India Ltd.                                                          | CUSIP: N/A<br>LEI: 335800MJPUA2E1FSFL38       | Long             | EC               | CORP              | IN        |     57405 | NS      | $391962.37    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnitogorsk Iron & Steel Works PJSC                                      | Magnitogorsk Iron & Steel Works PJSC                                      | CUSIP: N/A<br>LEI: 253400XSJ4C01YMCXG44       | Long             | EC               | CORP              | RU        |    334440 | NS      | $3866.15      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Engie Brasil Energia SA                                                   | Engie Brasil Energia SA                                                   | CUSIP: N/A<br>LEI: 52990057Q0EK2Q9YBC07       | Long             | EC               | CORP              | BR        |     42851 | NS      | $333603.51    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Cement Holdings Ltd.                                      | China Resources Cement Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 529900E0EOYXYJ0GHY66       | Long             | EC               | CORP              | KY        |    326000 | NS      | $188533.64    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                                               | Zijin Mining Group Co. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |    378000 | NS      | $625231.68    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Cervecerias Unidas SA                                                 | Cia Cervecerias Unidas SA                                                 | CUSIP: N/A<br>LEI: 529900BJW9B0O6LI2R39       | Long             | EC               | CORP              | CL        |     28757 | NS      | $220872.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ratch Group PCL                                                           | Ratch Group PCL                                                           | CUSIP: N/A<br>LEI: 2138004IGHN9UQGDSH20       | Long             | EC               | CORP              | TH        |    278100 | NS      | $356720.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindalco Industries Ltd.                                                  | Hindalco Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     25432 | NS      | $146799.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                                                 | Gerdau SA (Preference)                                                    | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    115737 | NS      | $750102.89    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co. Ltd.                                                 | Chunghwa Telecom Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    379000 | NS      | $1416367.62   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd.                                                         | Indus Towers Ltd.                                                         | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    100886 | NS      | $189377.78    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co. Ltd.                                                    | Weichai Power Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    179356 | NS      | $298698.92    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Magyar Telekom Telecommunications plc                                     | Magyar Telekom Telecommunications plc                                     | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    112718 | NS      | $119674.79    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samvardhana Motherson International Ltd.                                  | Samvardhana Motherson International Ltd.                                  | CUSIP: N/A<br>LEI: 335800C7BQ19CKG8GH63       | Long             | EC               | CORP              | IN        |     10342 | NS      | $9581.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                                      | Richter Gedeon Nyrt.                                                      | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     22734 | NS      | $513365.64    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenmark Pharmaceuticals Ltd.                                             | Glenmark Pharmaceuticals Ltd.                                             | CUSIP: N/A<br>LEI: 335800WKECZXIIT9GK20       | Long             | EC               | CORP              | IN        |     10282 | NS      | $48306.69     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                                        | Grupo Financiero Banorte SAB de CV, Class O                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    266075 | NS      | $2204280.29   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| LB Group Co. Ltd.                                                         | LB Group Co. Ltd., Class A                                                | CUSIP: N/A<br>LEI: 3003006O3YJY5SGWGQ13       | Long             | EC               | CORP              | CN        |    102500 | NS      | $317317.69    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sahara International Petrochemical Co.                                    | Sahara International Petrochemical Co.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     47653 | NS      | $474114.09    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital PCL                                                   | Bumrungrad Hospital PCL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     75300 | NS      | $496263.34    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiamen C & D, Inc.                                                        | Xiamen C & D, Inc., Class A                                               | CUSIP: N/A<br>LEI: 300300NQXZDZZ0OSCN43       | Long             | EC               | CORP              | CN        |    144400 | NS      | $284397.44    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                                           | CPFL Energia SA                                                           | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     63189 | NS      | $414264.31    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nine Dragons Paper Holdings Ltd.                                          | Nine Dragons Paper Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 529900TBMYEYJ2LEV906       | Long             | EC               | CORP              | BM        |     17000 | NS      | $15239.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                                 | Coca-Cola Femsa SAB de CV                                                 | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33       | Long             | EC               | CORP              | MX        |     96273 | NS      | $732483.61    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                                     | HCL Technologies Ltd.                                                     | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     61767 | NS      | $851742.52    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Public Warehousing Co. KSC                                        | Agility Public Warehousing Co. KSC                                        | CUSIP: N/A<br>LEI: 549300C16Q6C2NMAI063       | Long             | EC               | CORP              | KW        |    285545 | NS      | $556396.20    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubei Energy Group Co. Ltd.                                               | Hubei Energy Group Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 300300X7OMGIUK3FRJ72       | Long             | EC               | CORP              | CN        |    372900 | NS      | $235124.42    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                                              | Infosys Ltd.                                                              | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    225816 | NS      | $4253313.14   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| JOYY, Inc.                                                                | JOYY, Inc.                                                                | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | KY        |      6334 | NS      | $225997.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd.                                                                  | UPL Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     27875 | NS      | $258540.33    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Penta Teknoloji Urunleri Dagitim Ticaret A/S                              | Penta Teknoloji Urunleri Dagitim Ticaret A/S                              | CUSIP: N/A<br>LEI: 789000L43H2ZL1RJ6N39       | Long             | EC               | CORP              | TR        |     44952 | NS      | $97507.43     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aval Acciones y Valores SA                                          | Grupo Aval Acciones y Valores SA (Preference)                             | CUSIP: N/A<br>LEI: 549300BBUKBHWLSUZM17       | Long             | EC               | CORP              | CO        |    508387 | NS      | $60213.49     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA                               | Hellenic Telecommunications Organization SA                               | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     46085 | NS      | $726495.39    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Daan Gene Co. Ltd.                                                        | Daan Gene Co. Ltd., Class A                                               | CUSIP: N/A<br>LEI: 30030092WPRQ87CXPM21       | Long             | EC               | CORP              | CN        |    101460 | NS      | $239404.05    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sao Martinho SA                                                           | Sao Martinho SA                                                           | CUSIP: N/A<br>LEI: 549300R3Z74BNJBF4161       | Long             | EC               | CORP              | BR        |     66752 | NS      | $328874.87    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd.                                                            | MTN Group Ltd.                                                            | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    192840 | NS      | $1632317.38   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimteks Poliuretan Sanayi ve Ticaret A/S                                  | Kimteks Poliuretan Sanayi ve Ticaret A/S                                  | CUSIP: N/A<br>LEI: 213800L4DYZE5QWNGM21       | Long             | EC               | CORP              | TR        |     39527 | NS      | $197432.73    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citic Pacific Special Steel Group Co. Ltd.                                | Citic Pacific Special Steel Group Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: 836800ETMJJWP4GAL167       | Long             | EC               | CORP              | CN        |    109576 | NS      | $296575.48    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret A/S                                                        | Migros Ticaret A/S                                                        | CUSIP: N/A<br>LEI: 5493002IOWNT1QZMAA74       | Long             | EC               | CORP              | TR        |     18163 | NS      | $133364.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                                                   | Dubai Islamic Bank PJSC                                                   | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    348529 | NS      | $528349.51    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Steel Authority of India Ltd.                                             | Steel Authority of India Ltd.                                             | CUSIP: N/A<br>LEI: 335800ZJXMF183ZCQI90       | Long             | EC               | CORP              | IN        |     99260 | NS      | $110486.23    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Overseas Chinese Town Co. Ltd.                                   | Shenzhen Overseas Chinese Town Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    285600 | NS      | $227657.13    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Accord Medicines Corp. Ltd.                                | China National Accord Medicines Corp. Ltd., Class A                       | CUSIP: N/A<br>LEI: 300300S6NULPX7WCS880       | Long             | EC               | CORP              | CN        |     26400 | NS      | $137238.83    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd.                                                              | Netcare Ltd.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    147419 | NS      | $121472.66    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mytilineos SA                                                             | Mytilineos SA                                                             | CUSIP: N/A<br>LEI: 213800KT8MEUJEJ2KW41       | Long             | EC               | CORP              | GR        |     32440 | NS      | $839225.09    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Enterprises Holdings Ltd.                                         | Beijing Enterprises Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |     68500 | NS      | $232613.12    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                                                | BIM Birlesik Magazalar A/S                                                | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    103690 | NS      | $687559.33    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel & Power Ltd.                                                 | Jindal Steel & Power Ltd.                                                 | CUSIP: N/A<br>LEI: 335800UIKQBF6QO2NP15       | Long             | EC               | CORP              | IN        |     26390 | NS      | $189301.17    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaanxi Coal Industry Co. Ltd.                                            | Shaanxi Coal Industry Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    206600 | NS      | $599289.50    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                                 | NTPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    239954 | NS      | $502576.28    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuanta Financial Holding Co. Ltd.                                         | Yuanta Financial Holding Co. Ltd.                                         | CUSIP: N/A<br>LEI: 21380045JG57LJEFFE13       | Long             | EC               | CORP              | TW        |   1428529 | NS      | $1074192.44   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Alinma Bank                                                               | Alinma Bank                                                               | CUSIP: N/A<br>LEI: 558600HPAUTN6XSVBK93       | Long             | EC               | CORP              | SA        |    102041 | NS      | $898985.20    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co. Ltd.                            | Shandong Weigao Group Medical Polymer Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | CN        |    270400 | NS      | $449507.83    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                                          | PTT Exploration & Production PCL                                          | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    188200 | NS      | $982418.12    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Asia Cement Corp.                                                         | Asia Cement Corp.                                                         | CUSIP: N/A<br>LEI: 213800EFQXH43HMGJL59       | Long             | EC               | CORP              | TW        |    299000 | NS      | $421229.85    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinese Universe Publishing and Media Group Co. Ltd.                      | Chinese Universe Publishing and Media Group Co. Ltd., Class A             | CUSIP: N/A<br>LEI: 30030040UMRH6C4ZOC68       | Long             | EC               | CORP              | CN        |    308900 | NS      | $438685.43    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Fosun International Ltd.                                                  | Fosun International Ltd.                                                  | CUSIP: N/A<br>LEI: 213800Z99WQEXDF82F09       | Long             | EC               | CORP              | HK        |    139576 | NS      | $129588.77    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Metalurgica Gerdau SA                                                     | Metalurgica Gerdau SA (Preference)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    162186 | NS      | $463908.89    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Sud Americana de Vapores SA                                           | Cia Sud Americana de Vapores SA                                           | CUSIP: N/A<br>LEI: 549300F26ZOE5LM26551       | Long             | EC               | CORP              | CL        |   5916526 | NS      | $513507.98    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yanbu Cement Co.                                                          | Yanbu Cement Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     37556 | NS      | $371654.68    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer