# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-25-180658
**Filing Date:** 2025-7
**Character Count:** 74507
**Document Hash:** 292e57fe1862c9152325a16e5658da72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180658.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180658

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 251154624

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

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

## Series and Classes Contracts Data

### JPMorgan BetaBuilders MSCI US REIT ETF (Series ID: S000061996)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000200807 | JPMorgan BetaBuilders MSCI US REIT ETF | BBRE            |

## Nport-Ex

**JPMorgan BetaBuilders MSCI US REIT ETF**

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

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS" <br> LIST ("the List") IS TO BE USED FOR REPORTING PURPOSES <br> ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS <br> ADVERTISING OR SALES LITERATURE WITH THE GENERAL <br> PUBLIC. The list is submitted for the general information of the <br> shareholders of the Fund. It is not authorized for distribution to <br> prospective investors in the Fund unless preceded or accompanied by a <br> prospectus. The list has been created from the books and records of <br> the Fund. Holdings are available 60 days after the fund's fiscal quarter, <br> using a trade date accounting convention, by contacting the appropriate <br> service center. The list is subject to change without notice. The list is <br> for informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2025. |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF May 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.3%** | **Common Stocks — 99.3%** | **Common Stocks — 99.3%** |
| **Apartments — 17.1%** | **Apartments — 17.1%** | **Apartments — 17.1%** |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 275691 | &nbsp;&nbsp;&nbsp;&nbsp; 10434904 |
| &nbsp;&nbsp;&nbsp; Apartment Investment and Management Co., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 159010 | &nbsp;&nbsp;&nbsp;&nbsp; 1268900 |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 117216 | &nbsp;&nbsp;&nbsp;&nbsp; 24236752 |
| &nbsp;&nbsp;&nbsp; Camden Property Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 87821 | &nbsp;&nbsp;&nbsp;&nbsp; 10318089 |
| &nbsp;&nbsp;&nbsp; Centerspace, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 16939 | &nbsp;&nbsp;&nbsp;&nbsp; 1079861 |
| &nbsp;&nbsp;&nbsp; Elme Communities, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 90675 | &nbsp;&nbsp;&nbsp;&nbsp; 1456241 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 153337 | &nbsp;&nbsp;&nbsp;&nbsp; 9747633 |
| &nbsp;&nbsp;&nbsp; Equity Residential, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 284142 | &nbsp;&nbsp;&nbsp;&nbsp; 19929720 |
| &nbsp;&nbsp;&nbsp; Essex Property Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 54389 | &nbsp;&nbsp;&nbsp;&nbsp; 15441037 |
| &nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 203194 | &nbsp;&nbsp;&nbsp;&nbsp; 3777377 |
| &nbsp;&nbsp;&nbsp; Invitation Homes, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 489753 | &nbsp;&nbsp;&nbsp;&nbsp; 16504676 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 98750 | &nbsp;&nbsp;&nbsp;&nbsp; 15469188 |
| &nbsp;&nbsp;&nbsp; NexPoint Residential Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 26074 | &nbsp;&nbsp;&nbsp;&nbsp; 886516 |
| &nbsp;&nbsp;&nbsp; Sun Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 106770 | &nbsp;&nbsp;&nbsp;&nbsp; 13179689 |
| &nbsp;&nbsp;&nbsp; UDR, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 273426 | &nbsp;&nbsp;&nbsp;&nbsp; 11328039 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 155058622 |
| **Diversified — 18.7%** | **Diversified — 18.7%** | **Diversified — 18.7%** |
| &nbsp;&nbsp;&nbsp; Alexander & Baldwin, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 75909 | &nbsp;&nbsp;&nbsp;&nbsp; 1359530 |
| &nbsp;&nbsp;&nbsp; American Assets Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 55153 | &nbsp;&nbsp;&nbsp;&nbsp; 1099751 |
| &nbsp;&nbsp;&nbsp; Armada Hoffler Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 94347 | &nbsp;&nbsp;&nbsp;&nbsp; 656655 |
| &nbsp;&nbsp;&nbsp; Broadstone Net Lease, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 162791 | &nbsp;&nbsp;&nbsp;&nbsp; 2590005 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 238352 | &nbsp;&nbsp;&nbsp;&nbsp; 40882135 |
| &nbsp;&nbsp;&nbsp; EPR Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 69175 | &nbsp;&nbsp;&nbsp;&nbsp; 3852356 |
| &nbsp;&nbsp;&nbsp; Equinix, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 69464 | &nbsp;&nbsp;&nbsp;&nbsp; 61740992 |
| &nbsp;&nbsp;&nbsp; Farmland Partners, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 66764 | &nbsp;&nbsp;&nbsp;&nbsp; 755768 |
| &nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 223004 | &nbsp;&nbsp;&nbsp;&nbsp; 10414287 |
| &nbsp;&nbsp;&nbsp; Gladstone Commercial Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 50815 | &nbsp;&nbsp;&nbsp;&nbsp; 729195 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 200460 | &nbsp;&nbsp;&nbsp;&nbsp; 1555570 |
| &nbsp;&nbsp;&nbsp; InvenTrust Properties Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 73211 | &nbsp;&nbsp;&nbsp;&nbsp; 2056497 |
| &nbsp;&nbsp;&nbsp; Millrose Properties, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 11110 | &nbsp;&nbsp;&nbsp;&nbsp; 309636 |
| &nbsp;&nbsp;&nbsp; One Liberty Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 24733 | &nbsp;&nbsp;&nbsp;&nbsp; 605464 |
| &nbsp;&nbsp;&nbsp; Safehold, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 53353 | &nbsp;&nbsp;&nbsp;&nbsp; 804030 |
| &nbsp;&nbsp;&nbsp; UMH Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 59602 | &nbsp;&nbsp;&nbsp;&nbsp; 1000717 |
| &nbsp;&nbsp;&nbsp; Veris Residential, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 81707 | &nbsp;&nbsp;&nbsp;&nbsp; 1241946 |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 822383 | &nbsp;&nbsp;&nbsp;&nbsp; 26077765 |
| &nbsp;&nbsp;&nbsp; WP Carey, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 180401 | &nbsp;&nbsp;&nbsp;&nbsp; 11321967 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 169054266 |
| **Health Care — 15.7%** | **Health Care — 15.7%** | **Health Care — 15.7%** |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 134366 | &nbsp;&nbsp;&nbsp;&nbsp; 9431150 |
| &nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 77218 | &nbsp;&nbsp;&nbsp;&nbsp; 2697997 |
| &nbsp;&nbsp;&nbsp; CareTrust REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 100990 | &nbsp;&nbsp;&nbsp;&nbsp; 2904472 |
| &nbsp;&nbsp;&nbsp; Community Healthcare Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 33296 | &nbsp;&nbsp;&nbsp;&nbsp; 544057 |
| &nbsp;&nbsp;&nbsp; Diversified Healthcare Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 194137 | &nbsp;&nbsp;&nbsp;&nbsp; 607649 |
| &nbsp;&nbsp;&nbsp; Global Medical REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 84738 | &nbsp;&nbsp;&nbsp;&nbsp; 538934 |
| &nbsp;&nbsp;&nbsp; Healthcare Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 334903 | &nbsp;&nbsp;&nbsp;&nbsp; 4856093 |
| &nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 599829 | &nbsp;&nbsp;&nbsp;&nbsp; 10443023 |
| &nbsp;&nbsp;&nbsp; LTC Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 41815 | &nbsp;&nbsp;&nbsp;&nbsp; 1479833 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Health Care — continued** | **Health Care — continued** | **Health Care — continued** |
| &nbsp;&nbsp;&nbsp; Medical Properties Trust, Inc., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 562120 | &nbsp;&nbsp;&nbsp;&nbsp; 2568888 |
| &nbsp;&nbsp;&nbsp; National Health Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 40587 | &nbsp;&nbsp;&nbsp;&nbsp; 2942963 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 205088 | &nbsp;&nbsp;&nbsp;&nbsp; 7588256 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 211391 | &nbsp;&nbsp;&nbsp;&nbsp; 3695115 |
| &nbsp;&nbsp;&nbsp; Sila Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 13208 | &nbsp;&nbsp;&nbsp;&nbsp; 329143 |
| &nbsp;&nbsp;&nbsp; Universal Health Realty Income Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 17696 | &nbsp;&nbsp;&nbsp;&nbsp; 702708 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 342245 | &nbsp;&nbsp;&nbsp;&nbsp; 21999509 |
| &nbsp;&nbsp;&nbsp; Welltower, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 448314 | &nbsp;&nbsp;&nbsp;&nbsp; 69165884 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 142495674 |
| **Hotels — 2.9%** | **Hotels — 2.9%** | **Hotels — 2.9%** |
| &nbsp;&nbsp;&nbsp; Apple Hospitality REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 201147 | &nbsp;&nbsp;&nbsp;&nbsp; 2331294 |
| &nbsp;&nbsp;&nbsp; DiamondRock Hospitality Co., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 207605 | &nbsp;&nbsp;&nbsp;&nbsp; 1586102 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 617173 | &nbsp;&nbsp;&nbsp;&nbsp; 9560010 |
| &nbsp;&nbsp;&nbsp; Park Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 209848 | &nbsp;&nbsp;&nbsp;&nbsp; 2174025 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 131870 | &nbsp;&nbsp;&nbsp;&nbsp; 1210567 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 164401 | &nbsp;&nbsp;&nbsp;&nbsp; 1200127 |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 46808 | &nbsp;&nbsp;&nbsp;&nbsp; 4545525 |
| &nbsp;&nbsp;&nbsp; Summit Hotel Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 132482 | &nbsp;&nbsp;&nbsp;&nbsp; 580271 |
| &nbsp;&nbsp;&nbsp; Sunstone Hotel Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 202588 | &nbsp;&nbsp;&nbsp;&nbsp; 1815189 |
| &nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 114979 | &nbsp;&nbsp;&nbsp;&nbsp; 1406193 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26409303 |
| **Industrial — 12.2%** | **Industrial — 12.2%** | **Industrial — 12.2%** |
| &nbsp;&nbsp;&nbsp; Americold Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 239393 | &nbsp;&nbsp;&nbsp;&nbsp; 3966742 |
| &nbsp;&nbsp;&nbsp; EastGroup Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 38365 | &nbsp;&nbsp;&nbsp;&nbsp; 6504786 |
| &nbsp;&nbsp;&nbsp; First Industrial Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 116664 | &nbsp;&nbsp;&nbsp;&nbsp; 5766701 |
| &nbsp;&nbsp;&nbsp; Innovative Industrial Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 27032 | &nbsp;&nbsp;&nbsp;&nbsp; 1492707 |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 263564 | &nbsp;&nbsp;&nbsp;&nbsp; 2261379 |
| &nbsp;&nbsp;&nbsp; Plymouth Industrial REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 51111 | &nbsp;&nbsp;&nbsp;&nbsp; 827998 |
| &nbsp;&nbsp;&nbsp; Prologis, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 681346 | &nbsp;&nbsp;&nbsp;&nbsp; 73994176 |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 161375 | &nbsp;&nbsp;&nbsp;&nbsp; 5686855 |
| &nbsp;&nbsp;&nbsp; STAG Industrial, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 159005 | &nbsp;&nbsp;&nbsp;&nbsp; 5657398 |
| &nbsp;&nbsp;&nbsp; Terreno Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 68471 | &nbsp;&nbsp;&nbsp;&nbsp; 3863134 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 110021876 |
| **Office — 4.4%** | **Office — 4.4%** | **Office — 4.4%** |
| &nbsp;&nbsp;&nbsp; Brandywine Realty Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 199873 | &nbsp;&nbsp;&nbsp;&nbsp; 845463 |
| &nbsp;&nbsp;&nbsp; BXP, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 129603 | &nbsp;&nbsp;&nbsp;&nbsp; 8726170 |
| &nbsp;&nbsp;&nbsp; COPT Defense Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 104294 | &nbsp;&nbsp;&nbsp;&nbsp; 2862870 |
| &nbsp;&nbsp;&nbsp; Cousins Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 137358 | &nbsp;&nbsp;&nbsp;&nbsp; 3855639 |
| &nbsp;&nbsp;&nbsp; Douglas Emmett, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 164686 | &nbsp;&nbsp;&nbsp;&nbsp; 2343482 |
| &nbsp;&nbsp;&nbsp; Easterly Government Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 38638 | &nbsp;&nbsp;&nbsp;&nbsp; 839604 |
| &nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 144294 | &nbsp;&nbsp;&nbsp;&nbsp; 1105292 |
| &nbsp;&nbsp;&nbsp; Highwoods Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 98270 | &nbsp;&nbsp;&nbsp;&nbsp; 2918619 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 103764 | &nbsp;&nbsp;&nbsp;&nbsp; 1774364 |
| &nbsp;&nbsp;&nbsp; Kilroy Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 96276 | &nbsp;&nbsp;&nbsp;&nbsp; 3100087 |
| &nbsp;&nbsp;&nbsp; Paramount Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 204493 | &nbsp;&nbsp;&nbsp;&nbsp; 1237183 |
| &nbsp;&nbsp;&nbsp; Piedmont Office Realty Trust, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 137146 | &nbsp;&nbsp;&nbsp;&nbsp; 976480 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Office — continued** | **Office — continued** | **Office — continued** |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 59177 | &nbsp;&nbsp;&nbsp;&nbsp; 3359478 |
| &nbsp;&nbsp;&nbsp; Vornado Realty Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 145467 | &nbsp;&nbsp;&nbsp;&nbsp; 5479742 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39424473 |
| **Regional Malls — 4.9%** | **Regional Malls — 4.9%** | **Regional Malls — 4.9%** |
| &nbsp;&nbsp;&nbsp; CBL & Associates Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 20148 | &nbsp;&nbsp;&nbsp;&nbsp; 507931 |
| &nbsp;&nbsp;&nbsp; Macerich Co. (The), REIT | &nbsp;&nbsp;&nbsp;&nbsp; 224249 | &nbsp;&nbsp;&nbsp;&nbsp; 3628349 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 226465 | &nbsp;&nbsp;&nbsp;&nbsp; 36929647 |
| &nbsp;&nbsp;&nbsp; Tanger, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 96635 | &nbsp;&nbsp;&nbsp;&nbsp; 2879723 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 43945650 |
| **Shopping Centers — 5.9%** | **Shopping Centers — 5.9%** | **Shopping Centers — 5.9%** |
| &nbsp;&nbsp;&nbsp; Acadia Realty Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 92742 | &nbsp;&nbsp;&nbsp;&nbsp; 1786211 |
| &nbsp;&nbsp;&nbsp; Alexander's, Inc., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 3267 | &nbsp;&nbsp;&nbsp;&nbsp; 735696 |
| &nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 263733 | &nbsp;&nbsp;&nbsp;&nbsp; 6701455 |
| &nbsp;&nbsp;&nbsp; Curbline Properties Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 91651 | &nbsp;&nbsp;&nbsp;&nbsp; 2079561 |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 64243 | &nbsp;&nbsp;&nbsp;&nbsp; 6133922 |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 579610 | &nbsp;&nbsp;&nbsp;&nbsp; 12322509 |
| &nbsp;&nbsp;&nbsp; Kite Realty Group Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 196451 | &nbsp;&nbsp;&nbsp;&nbsp; 4345496 |
| &nbsp;&nbsp;&nbsp; NETSTREIT Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 63589 | &nbsp;&nbsp;&nbsp;&nbsp; 1023783 |
| &nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 106266 | &nbsp;&nbsp;&nbsp;&nbsp; 3768192 |
| &nbsp;&nbsp;&nbsp; Regency Centers Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 144775 | &nbsp;&nbsp;&nbsp;&nbsp; 10445516 |
| &nbsp;&nbsp;&nbsp; Saul Centers, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 19267 | &nbsp;&nbsp;&nbsp;&nbsp; 648913 |
| &nbsp;&nbsp;&nbsp; SITE Centers Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 56274 | &nbsp;&nbsp;&nbsp;&nbsp; 670786 |
| &nbsp;&nbsp;&nbsp; Urban Edge Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 112699 | &nbsp;&nbsp;&nbsp;&nbsp; 2046614 |
| &nbsp;&nbsp;&nbsp; Whitestone, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 60190 | &nbsp;&nbsp;&nbsp;&nbsp; 741541 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 53450195 |
| **Single Tenant — 6.5%** | **Single Tenant — 6.5%** | **Single Tenant — 6.5%** |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 78553 | &nbsp;&nbsp;&nbsp;&nbsp; 5915041 |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 128965 | &nbsp;&nbsp;&nbsp;&nbsp; 4191363 |
| &nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 80587 | &nbsp;&nbsp;&nbsp;&nbsp; 2225007 |
| &nbsp;&nbsp;&nbsp; Getty Realty Corp., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 42144 | &nbsp;&nbsp;&nbsp;&nbsp; 1233133 |
| &nbsp;&nbsp;&nbsp; NNN REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 157582 | &nbsp;&nbsp;&nbsp;&nbsp; 6580624 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 676145 | &nbsp;&nbsp;&nbsp;&nbsp; 38283330 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58428498 |
| **Storage — 11.0%** | **Storage — 11.0%** | **Storage — 11.0%** |
| &nbsp;&nbsp;&nbsp; CubeSmart, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 195812 | &nbsp;&nbsp;&nbsp;&nbsp; 8372921 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 174111 | &nbsp;&nbsp;&nbsp;&nbsp; 26316877 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 241904 | &nbsp;&nbsp;&nbsp;&nbsp; 23878344 |
| &nbsp;&nbsp;&nbsp; National Storage Affiliates Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 79843 | &nbsp;&nbsp;&nbsp;&nbsp; 2746599 |
| &nbsp;&nbsp;&nbsp; Public Storage, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 125387 | &nbsp;&nbsp;&nbsp;&nbsp; 38670605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 99985346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $998,650,407)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 898273903 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Short-Term Investments — 1.3%** | **Short-Term Investments — 1.3%** | **Short-Term Investments — 1.3%** |
| **Investment Companies — 0.6%** | **Investment Companies — 0.6%** | **Investment Companies — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.26% (b) (c) <br>(Cost $5,549,267)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5549267 | &nbsp;&nbsp;&nbsp;&nbsp; 5549267 |
| **Investment of Cash Collateral from Securities Loaned — 0.7%** | **Investment of Cash Collateral from Securities Loaned — 0.7%** | **Investment of Cash Collateral from Securities Loaned — 0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.36% (b) (c) <br>(Cost $6,114,880)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6114880 | &nbsp;&nbsp;&nbsp;&nbsp; 6114880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $11,664,147)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 11664147 |
| **Total Investments — 100.6%** <br>**(Cost $1,010,314,554)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **909938050** |
| **Liabilities in Excess of Other Assets — (0.6)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(4985565)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **904952485** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| REIT | Real Estate Investment Trust |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The security or a portion of this security is on loan at May 31, 2025. The total value
 of securities on loan at May 31, 2025 is $5,911,584.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Investment in an affiliated fund, which is registered under the Investment Company
 Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The rate shown is the current yield as of May 31, 2025.

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |  |  |  |  |  |
| DJ US Real Estate Index | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp;&nbsp; 06/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 6314000 | &nbsp;&nbsp;&nbsp;&nbsp; 32878 |

---

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

---

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

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset value ("NAV") of the Fund is calculated on a valuation date.

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | &nbsp;&nbsp;&nbsp;&nbsp; $909938050 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $909938050 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | &nbsp;&nbsp;&nbsp;&nbsp; $32878 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $32878 |

---

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

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

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** | **For the period ended May 31, 2025** |
| **Security Description** | **Value at** <br>**February 28,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**May 31,** <br>**2025**<br>| **Shares at** <br>**May 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL <br> Class Shares, 4.36% (a) (b)<br>| $7996508 | $16221375 | $18103003 | $— | $— | $6114880 | 6114880 | $52466 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money <br> Market Fund Class IM Shares, <br> 4.26% (a) (b)<br>| 4960676 | 12287613 | 11699022 |  |  | 5549267 | 5549267 | 52910 |  |
| **Total** | $12957184 | $28508988 | $29802025 | $— | $— | $11664147 |  | $105376 | $— |

---

&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 May 31, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan BetaBuilders MSCI US REIT ETF

- **b. EDGAR series identifier (if any):** S000061996

- **c. LEI of Series:** 549300UDD0DL9T2E4I67

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $906483675.75

**Total Liabilities:** $6195857.10

**Net Assets:** $900287818.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200807 | -3.49%               | -2.83%               | 2.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-340705.75              | $-38643874.14                              |
| Month 2  | $3399401.41              | $-29108084.12                              |
| Month 3  | $-102113.45              | $16306231.66                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Host Hotels & Resorts, Inc.                   | Host Hotels & Resorts, Inc.                                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    616736 | NS      | $9553240.64   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                            | Agree Realty Corp.                                                    | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78164 | NS      | $5885749.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                       | COPT Defense Properties                                               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    103778 | NS      | $2848706.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                     | CubeSmart                                                             | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194841 | NS      | $8331401.16   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.             | Equity LifeStyle Properties, Inc.                                     | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    152578 | NS      | $9699383.46   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                | EPR Properties                                                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     68833 | NS      | $3833309.77   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                    | Essex Property Trust, Inc.                                            | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     55379 | NS      | $15722098.10  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.       | Mid-America Apartment Communities, Inc.                               | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     98796 | NS      | $15476393.40  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust          | Universal Health Realty Income Trust                                  | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |     17608 | NS      | $699213.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                  | Diversified Healthcare Trust                                          | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193184 | NS      | $604665.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                   | DiamondRock Hospitality Co.                                           | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    206579 | NS      | $1578263.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust, Inc.            | Piedmont Office Realty Trust, Inc., Class A                           | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136471 | NS      | $971673.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                   | Centerspace                                                           | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     16854 | NS      | $1074442.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                | WP Carey, Inc.                                                        | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    179506 | NS      | $11265796.56  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                  | Apple Hospitality REIT, Inc.                                          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    200152 | NS      | $2319761.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                              | Elme Communities                                                      | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     90227 | NS      | $1449045.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.           | Gaming and Leisure Properties, Inc.                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    221898 | NS      | $10362636.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                         | Sun Communities, Inc.                                                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    106242 | NS      | $13114512.48  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp.                    | Gladstone Commercial Corp.                                            | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |     50565 | NS      | $725607.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.               | National Health Investors, Inc.                                       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     40385 | NS      | $2928316.35   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                    | Digital Realty Trust, Inc.                                            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    238491 | NS      | $40905976.32  | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                         | Camden Property Trust                                                 | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     87386 | NS      | $10266981.14  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                         | American Homes 4 Rent, Class A                                        | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    274325 | NS      | $10383201.25  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers, Inc.                            | Saul Centers, Inc.                                                    | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19172 | NS      | $645712.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                     | Curbline Properties Corp.                                             | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     91198 | NS      | $2069282.62   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                    | EastGroup Properties, Inc.                                            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     38174 | NS      | $6472401.70   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust               | Federal Realty Investment Trust                                       | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     63924 | NS      | $6103463.52   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp.                            | SITE Centers Corp.                                                    | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     55997 | NS      | $667484.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                    | Simon Property Group, Inc.                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    224406 | NS      | $36593886.42  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.       | Essential Properties Realty Trust, Inc.                               | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    128326 | NS      | $4170595.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.              | Omega Healthcare Investors, Inc.                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    204069 | NS      | $7550553.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                     | UDR, Inc.                                                             | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    279977 | NS      | $11599447.11  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                         | Regency Centers Corp.                                                 | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    144057 | NS      | $10393712.55  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | DJ US Real Estate Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       175 | NC      | $32877.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                  | Ventas, Inc.                                                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    340546 | NS      | $21890296.88  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                            | Kimco Realty Corp.                                                    | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |    576770 | NS      | $12262130.20  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                      | Cousins Properties, Inc.                                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    136677 | NS      | $3836523.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                          | LXP Industrial Trust                                                  | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    262261 | NS      | $2250199.38   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                  | Xenia Hotels & Resorts, Inc.                                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    114412 | NS      | $1399258.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co.       | Apartment Investment and Management Co., Class A                      | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |    158226 | NS      | $1262643.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp.                   | InvenTrust Properties Corp.                                           | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     72849 | NS      | $2046328.41   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's, Inc.                             | Alexander's, Inc.                                                     | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      3252 | NS      | $732317.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Kilroy Realty Corp.                           | Kilroy Realty Corp.                                                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     95799 | NS      | $3084727.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                           | Realty Income Corp.                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    672787 | NS      | $38093199.94  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.             | Four Corners Property Trust, Inc.                                     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     80187 | NS      | $2213963.07   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                               | Whitestone                                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59895 | NS      | $737906.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners, Inc.                       | Farmland Partners, Inc.                                               | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |     66437 | NS      | $752066.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes, Inc.                        | Invitation Homes, Inc.                                                | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    522123 | NS      | $17595545.10  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties, Inc.          | Easterly Government Properties, Inc.                                  | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     38447 | NS      | $835453.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                | Sunstone Hotel Investors, Inc.                                        | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    201588 | NS      | $1806228.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties, Inc.                  | One Liberty Properties, Inc.                                          | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     24611 | NS      | $602477.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                       | Pebblebrook Hotel Trust                                               | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    131220 | NS      | $1204599.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                         | Urban Edge Properties                                                 | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112142 | NS      | $2036498.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                     | Alexander & Baldwin, Inc.                                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75533 | NS      | $1352796.03   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.         | Alexandria Real Estate Equities, Inc.                                 | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |    133703 | NS      | $9384613.57   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.           | First Industrial Realty Trust, Inc.                                   | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116086 | NS      | $5738130.98   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                        | Global Net Lease, Inc.                                                | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    199469 | NS      | $1547879.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                           | Acadia Realty Trust                                                   | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     92283 | NS      | $1777370.58   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                               | NETSTREIT Corp.                                                       | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     63275 | NS      | $1018727.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.        | Innovative Industrial Properties, Inc.                                | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     26897 | NS      | $1485252.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                  | Sabra Health Care REIT, Inc.                                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    210344 | NS      | $3676813.12   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.               | Rexford Industrial Realty, Inc.                                       | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    160574 | NS      | $5658627.76   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.               | Independence Realty Trust, Inc.                                       | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    202187 | NS      | $3758656.33   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                          | UMH Properties, Inc.                                                  | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     59307 | NS      | $995764.53    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     58885 | NS      | $3342901.45   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.                   | Park Hotels & Resorts, Inc.                                           | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    208812 | NS      | $2163292.32   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust, Inc.              | NexPoint Residential Trust, Inc.                                      | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     25946 | NS      | $882164.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                                  | Tanger, Inc.                                                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     96156 | NS      | $2865448.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                          | LTC Properties, Inc.                                                  | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     41608 | NS      | $1472507.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties, Inc.             | CBL & Associates Properties, Inc.                                     | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |     20049 | NS      | $505435.29    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                       | Brandywine Realty Trust                                               | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    198890 | NS      | $841304.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust, Inc.                       | Sila Realty Trust, Inc.                                               | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |     13143 | NS      | $327523.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                               | Welltower, Inc.                                                       | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    411339 | NS      | $63461380.92  | 7.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                   | AvalonBay Communities, Inc.                                           | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    118841 | NS      | $24572753.57  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties, Inc.                         | VICI Properties, Inc.                                                 | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    818302 | NS      | $25948356.42  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold, Inc.                                | Safehold, Inc.                                                        | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     53091 | NS      | $800081.37    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust, Inc.                  | Americold Realty Trust, Inc.                                          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    238208 | NS      | $3947106.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |   6114880 | NS      | $6114880.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                          | Terreno Realty Corp.                                                  | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68132 | NS      | $3844007.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                                | NNN REIT, Inc.                                                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    156801 | NS      | $6548009.76   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195479 | NS      | $4323995.48   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                            | Macerich Co. (The)                                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    223138 | NS      | $3610372.84   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group, Inc.                         | Paramount Group, Inc.                                                 | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |    203485 | NS      | $1231084.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                | Public Storage                                                        | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    124765 | NS      | $38478773.65  | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                | Prologis, Inc.                                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    677963 | NS      | $73626781.80  | 8.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.            | Ryman Hospitality Properties, Inc.                                    | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     46575 | NS      | $4522898.25   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust, Inc.               | Empire State Realty Trust, Inc., Class A                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    143582 | NS      | $1099838.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT, Inc.                     | Global Medical REIT, Inc.                                             | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |     84323 | NS      | $536294.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        |   5549267 | NS      | $5549267.37   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                     | BXP, Inc.                                                             | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    128961 | NS      | $8682944.13   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                   | American Assets Trust, Inc.                                           | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54881 | NS      | $1094327.14   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust, Inc.                 | Healthcare Realty Trust, Inc.                                         | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    335594 | NS      | $4866113.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust, Inc.              | Community Healthcare Trust, Inc.                                      | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     33132 | NS      | $541376.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    299082 | NS      | $20977611.48  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                          | Vornado Realty Trust                                                  | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144747 | NS      | $5452619.49   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                            | Getty Realty Corp.                                                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     41935 | NS      | $1227018.10   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Douglas Emmett, Inc.                          | Douglas Emmett, Inc.                                                  | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163873 | NS      | $2331912.79   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                          | JBG SMITH Properties                                                  | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103255 | NS      | $1765660.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Armada Hoffler Properties, Inc.               | Armada Hoffler Properties, Inc.                                       | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     93884 | NS      | $653432.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                    | Broadstone Net Lease, Inc.                                            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    161984 | NS      | $2577165.44   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties, Inc.                 | Summit Hotel Properties, Inc.                                         | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    131833 | NS      | $577428.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential, Inc.                       | Veris Residential, Inc.                                               | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     81303 | NS      | $1235805.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties, Inc.               | Hudson Pacific Properties, Inc.                                       | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195275 | NS      | $363211.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.                | Medical Properties Trust, Inc.                                        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    559361 | NS      | $2556279.77   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| STAG Industrial, Inc.                         | STAG Industrial, Inc.                                                 | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    158216 | NS      | $5629325.28   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                    | Highwoods Properties, Inc.                                            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     97784 | NS      | $2904184.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                | American Healthcare REIT, Inc.                                        | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     76834 | NS      | $2684579.96   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                   | Phillips Edison & Co., Inc.                                           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    105740 | NS      | $3749540.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties, Inc.                   | Healthpeak Properties, Inc.                                           | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    596867 | NS      | $10391454.47  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                             | RLJ Lodging Trust                                                     | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163589 | NS      | $1194199.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                  | Brixmor Property Group, Inc.                                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    262426 | NS      | $6668244.66   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                           | Iron Mountain, Inc.                                                   | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    247171 | NS      | $24398249.41  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                     | Extra Space Storage, Inc.                                             | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178384 | NS      | $26962741.60  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust             | National Storage Affiliates Trust                                     | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     79452 | NS      | $2733148.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                          | CareTrust REIT, Inc.                                                  | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    100489 | NS      | $2890063.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                 | Equinix, Inc.                                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     69120 | NS      | $61435238.40  | 6.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT, Inc.                | Plymouth Industrial REIT, Inc.                                        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50859 | NS      | $823915.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**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