# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-007425
**Filing Date:** 2026-3
**Character Count:** 308892
**Document Hash:** 89121268eabf2fdc0ee813a3133e5366
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007425.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007425

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 26805566

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

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

## Series and Classes Contracts Data

### JPMorgan 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, 2026**

**(Unaudited)** 

---

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

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.9%** | **Common Stocks — 99.9%** | **Common Stocks — 99.9%** |
| **Australia — 0.9%** | **Australia — 0.9%** | **Australia — 0.9%** |
| &nbsp;&nbsp;&nbsp; Anglogold Ashanti plc | &nbsp;&nbsp; 40364 | &nbsp;&nbsp; 3638718 |
| **Belgium — 0.1%** | **Belgium — 0.1%** | **Belgium — 0.1%** |
| &nbsp;&nbsp;&nbsp; Cenergy Holdings SA | &nbsp;&nbsp; 11594 | &nbsp;&nbsp; 266345 |
| **Brazil — 11.5%** | **Brazil — 11.5%** | **Brazil — 11.5%** |
| &nbsp;&nbsp;&nbsp; Alupar Investimento SA | &nbsp;&nbsp; 121742 | &nbsp;&nbsp; 785358 |
| &nbsp;&nbsp;&nbsp; Ambev SA | &nbsp;&nbsp; 594514 | &nbsp;&nbsp; 1676422 |
| &nbsp;&nbsp;&nbsp; Axia Energia | &nbsp;&nbsp; 154867 | &nbsp;&nbsp; 1597592 |
| &nbsp;&nbsp;&nbsp; Axia Energia (Preference) \* | &nbsp;&nbsp; 40704 | &nbsp;&nbsp; 410153 |
| &nbsp;&nbsp;&nbsp; Banco Bradesco SA (Preference) | &nbsp;&nbsp; 582603 | &nbsp;&nbsp; 2352442 |
| &nbsp;&nbsp;&nbsp; Banco BTG Pactual SA | &nbsp;&nbsp; 86464 | &nbsp;&nbsp; 981823 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp; 133420 | &nbsp;&nbsp; 637090 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | &nbsp;&nbsp; 152438 | &nbsp;&nbsp; 1083598 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp; 62389 | &nbsp;&nbsp; 1673191 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | &nbsp;&nbsp; 469608 | &nbsp;&nbsp; 1023496 |
| &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - Copel | &nbsp;&nbsp; 395772 | &nbsp;&nbsp; 992673 |
| &nbsp;&nbsp;&nbsp; CPFL Energia SA | &nbsp;&nbsp; 94652 | &nbsp;&nbsp; 919947 |
| &nbsp;&nbsp;&nbsp; CSN Mineracao SA | &nbsp;&nbsp; 769201 | &nbsp;&nbsp; 863803 |
| &nbsp;&nbsp;&nbsp; Embraer SA | &nbsp;&nbsp; 95209 | &nbsp;&nbsp; 1751943 |
| &nbsp;&nbsp;&nbsp; Gerdau SA (Preference) | &nbsp;&nbsp; 196250 | &nbsp;&nbsp; 832694 |
| &nbsp;&nbsp;&nbsp; GPS Participacoes e Empreendimentos SA (a) | &nbsp;&nbsp; 20558 | &nbsp;&nbsp; 73204 |
| &nbsp;&nbsp;&nbsp; Hypera SA \* | &nbsp;&nbsp; 69575 | &nbsp;&nbsp; 332886 |
| &nbsp;&nbsp;&nbsp; Isa Energia Brasil sa (Preference) | &nbsp;&nbsp; 27196 | &nbsp;&nbsp; 143970 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp; 480790 | &nbsp;&nbsp; 4132085 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp; 777953 | &nbsp;&nbsp; 2011865 |
| &nbsp;&nbsp;&nbsp; Klabin SA | &nbsp;&nbsp; 162231 | &nbsp;&nbsp; 592789 |
| &nbsp;&nbsp;&nbsp; Klabin SA (Preference) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA | &nbsp;&nbsp; 107104 | &nbsp;&nbsp; 985819 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA (Preference) \* | &nbsp;&nbsp; 4118 | &nbsp;&nbsp; 36628 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp; 354150 | &nbsp;&nbsp; 1008733 |
| &nbsp;&nbsp;&nbsp; M Dias Branco SA | &nbsp;&nbsp; 82026 | &nbsp;&nbsp; 385757 |
| &nbsp;&nbsp;&nbsp; MBRF Global Foods Co. SA | &nbsp;&nbsp; 259081 | &nbsp;&nbsp; 929940 |
| &nbsp;&nbsp;&nbsp; Metalurgica Gerdau SA (Preference) | &nbsp;&nbsp; 325424 | &nbsp;&nbsp; 607841 |
| &nbsp;&nbsp;&nbsp; Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp; 196738 | &nbsp;&nbsp; 629532 |
| &nbsp;&nbsp;&nbsp; Neoenergia SA | &nbsp;&nbsp; 136401 | &nbsp;&nbsp; 839750 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp; 445522 | &nbsp;&nbsp; 3188982 |
| &nbsp;&nbsp;&nbsp; Porto Seguro SA | &nbsp;&nbsp; 88315 | &nbsp;&nbsp; 841407 |
| &nbsp;&nbsp;&nbsp; Rede D'Or Sao Luiz SA (b) | &nbsp;&nbsp; 75331 | &nbsp;&nbsp; 605339 |
| &nbsp;&nbsp;&nbsp; Sendas Distribuidora SA | &nbsp;&nbsp; 211450 | &nbsp;&nbsp; 345536 |
| &nbsp;&nbsp;&nbsp; SLC Agricola SA | &nbsp;&nbsp; 66623 | &nbsp;&nbsp; 203056 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp; 171059 | &nbsp;&nbsp; 1213039 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp; 229157 | &nbsp;&nbsp; 1064631 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp; 123421 | &nbsp;&nbsp; 1046185 |
| &nbsp;&nbsp;&nbsp; Transmissora Alianca de Energia Eletrica S/A | &nbsp;&nbsp; 111353 | &nbsp;&nbsp; 886338 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp; 307146 | &nbsp;&nbsp; 4909434 |
| &nbsp;&nbsp;&nbsp; Vibra Energia SA | &nbsp;&nbsp; 195696 | &nbsp;&nbsp; 1065726 |
|  |  | &nbsp;&nbsp; 45662699 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chile — 2.8%** | **Chile — 2.8%** | **Chile — 2.8%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp; 6976843 | &nbsp;&nbsp; 1537759 |
| &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones SA | &nbsp;&nbsp; 8812 | &nbsp;&nbsp; 655412 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp; 13113051 | &nbsp;&nbsp; 1153843 |
| &nbsp;&nbsp;&nbsp; Cencosud SA | &nbsp;&nbsp; 306673 | &nbsp;&nbsp; 1026537 |
| &nbsp;&nbsp;&nbsp; Cia Cervecerias Unidas SA | &nbsp;&nbsp; 65866 | &nbsp;&nbsp; 483621 |
| &nbsp;&nbsp;&nbsp; Cia Sud Americana de Vapores SA | &nbsp;&nbsp; 11820615 | &nbsp;&nbsp; 649990 |
| &nbsp;&nbsp;&nbsp; Colbun SA | &nbsp;&nbsp; 3047776 | &nbsp;&nbsp; 505039 |
| &nbsp;&nbsp;&nbsp; Embotelladora Andina SA (Preference), Class B | &nbsp;&nbsp; 159065 | &nbsp;&nbsp; 835508 |
| &nbsp;&nbsp;&nbsp; Empresas CMPC SA | &nbsp;&nbsp; 120131 | &nbsp;&nbsp; 179957 |
| &nbsp;&nbsp;&nbsp; Empresas Copec SA | &nbsp;&nbsp; 57738 | &nbsp;&nbsp; 492256 |
| &nbsp;&nbsp;&nbsp; Enel Americas SA | &nbsp;&nbsp; 2764166 | &nbsp;&nbsp; 261002 |
| &nbsp;&nbsp;&nbsp; Enel Chile SA | &nbsp;&nbsp; 8005500 | &nbsp;&nbsp; 679317 |
| &nbsp;&nbsp;&nbsp; Falabella SA | &nbsp;&nbsp; 151848 | &nbsp;&nbsp; 1178875 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA | &nbsp;&nbsp; 47603529 | &nbsp;&nbsp; 1544419 |
|  |  | &nbsp;&nbsp; 11183535 |
| **China — 19.6%** | **China — 19.6%** | **China — 19.6%** |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., Class A | &nbsp;&nbsp; 590900 | &nbsp;&nbsp; 570479 |
| &nbsp;&nbsp;&nbsp; An Hui Wenergy Co. Ltd., Class A | &nbsp;&nbsp; 346700 | &nbsp;&nbsp; 404080 |
| &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co. Ltd., Class H | &nbsp;&nbsp; 500 | &nbsp;&nbsp; 1586 |
| &nbsp;&nbsp;&nbsp; Anhui Expressway Co. Ltd., Class A | &nbsp;&nbsp; 305500 | &nbsp;&nbsp; 633147 |
| &nbsp;&nbsp;&nbsp; BAIC Motor Corp. Ltd., Class H \* (b) | &nbsp;&nbsp; 757500 | &nbsp;&nbsp; 179280 |
| &nbsp;&nbsp;&nbsp; Bank of China Ltd., Class H | &nbsp;&nbsp; 6056000 | &nbsp;&nbsp; 3616542 |
| &nbsp;&nbsp;&nbsp; Baoshan Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp; 476200 | &nbsp;&nbsp; 497518 |
| &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings Ltd. | &nbsp;&nbsp; 91000 | &nbsp;&nbsp; 412227 |
| &nbsp;&nbsp;&nbsp; Beijing Shougang Co. Ltd., Class A | &nbsp;&nbsp; 686200 | &nbsp;&nbsp; 555767 |
| &nbsp;&nbsp;&nbsp; Bosideng International Holdings Ltd. | &nbsp;&nbsp; 904000 | &nbsp;&nbsp; 551708 |
| &nbsp;&nbsp;&nbsp; Brilliance China Automotive Holdings Ltd. | &nbsp;&nbsp; 1638000 | &nbsp;&nbsp; 846918 |
| &nbsp;&nbsp;&nbsp; CGN Power Co. Ltd., Class H (b) | &nbsp;&nbsp; 2582000 | &nbsp;&nbsp; 1076630 |
| &nbsp;&nbsp;&nbsp; Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A | &nbsp;&nbsp; 134900 | &nbsp;&nbsp; 568639 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank Corp. Ltd., Class H | &nbsp;&nbsp; 1406000 | &nbsp;&nbsp; 1309537 |
| &nbsp;&nbsp;&nbsp; China Coal Energy Co. Ltd., Class H | &nbsp;&nbsp; 107000 | &nbsp;&nbsp; 156602 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., Class H | &nbsp;&nbsp; 914000 | &nbsp;&nbsp; 555086 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp; 5353000 | &nbsp;&nbsp; 5405087 |
| &nbsp;&nbsp;&nbsp; China Everbright Environment Group Ltd. | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 231628 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (b) | &nbsp;&nbsp; 933000 | &nbsp;&nbsp; 463451 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp; 346000 | &nbsp;&nbsp; 1582491 |
| &nbsp;&nbsp;&nbsp; China Medical System Holdings Ltd. | &nbsp;&nbsp; 204000 | &nbsp;&nbsp; 365928 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Group Co. Ltd., Class A | &nbsp;&nbsp; 124900 | &nbsp;&nbsp; 352923 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Holdings Co. Ltd. | &nbsp;&nbsp; 312000 | &nbsp;&nbsp; 627931 |
| &nbsp;&nbsp;&nbsp; China National Chemical Engineering Co. Ltd., Class A | &nbsp;&nbsp; 155900 | &nbsp;&nbsp; 199283 |
| &nbsp;&nbsp;&nbsp; China National Medicines Corp. Ltd., Class A | &nbsp;&nbsp; 45300 | &nbsp;&nbsp; 189160 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp; 2296000 | &nbsp;&nbsp; 1580119 |
| &nbsp;&nbsp;&nbsp; China Resources Pharmaceutical Group Ltd. (b) | &nbsp;&nbsp; 509500 | &nbsp;&nbsp; 296622 |
| &nbsp;&nbsp;&nbsp; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 130802 | &nbsp;&nbsp; 528230 |
| &nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., Class H | &nbsp;&nbsp; 379500 | &nbsp;&nbsp; 2088051 |
| &nbsp;&nbsp;&nbsp; China United Network Communications Ltd., Class A | &nbsp;&nbsp; 835800 | &nbsp;&nbsp; 613550 |
| &nbsp;&nbsp;&nbsp; China XD Electric Co. Ltd., Class A | &nbsp;&nbsp; 390600 | &nbsp;&nbsp; 811841 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp; 213900 | &nbsp;&nbsp; 810051 |
| &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial Bank Co. Ltd., Class H | &nbsp;&nbsp; 829000 | &nbsp;&nbsp; 618665 |
| &nbsp;&nbsp;&nbsp; CITIC Ltd. | &nbsp;&nbsp; 724000 | &nbsp;&nbsp; 1157083 |
| &nbsp;&nbsp;&nbsp; COFCO Sugar Holding Co. Ltd., Class A | &nbsp;&nbsp; 304200 | &nbsp;&nbsp; 775299 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings Co. Ltd., Class H | &nbsp;&nbsp; 547850 | &nbsp;&nbsp; 962552 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Ports Ltd. | &nbsp;&nbsp; 334000 | &nbsp;&nbsp; 264662 |
| &nbsp;&nbsp;&nbsp; Datang International Power Generation Co. Ltd., Class H | &nbsp;&nbsp; 464000 | &nbsp;&nbsp; 139441 |
| &nbsp;&nbsp;&nbsp; Dong-E-E-Jiao Co. Ltd., Class A | &nbsp;&nbsp; 50400 | &nbsp;&nbsp; 366575 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp; 101800 | &nbsp;&nbsp; 876370 |
| &nbsp;&nbsp;&nbsp; ENN Natural Gas Co. Ltd., Class A | &nbsp;&nbsp; 119600 | &nbsp;&nbsp; 335232 |
| &nbsp;&nbsp;&nbsp; Foxconn Industrial Internet Co. Ltd., Class A | &nbsp;&nbsp; 141100 | &nbsp;&nbsp; 1163657 |
| &nbsp;&nbsp;&nbsp; Fujian Funeng Co. Ltd., Class A | &nbsp;&nbsp; 268500 | &nbsp;&nbsp; 351667 |
| &nbsp;&nbsp;&nbsp; G-bits Network Technology Xiamen Co. Ltd., Class A | &nbsp;&nbsp; 12400 | &nbsp;&nbsp; 809379 |
| &nbsp;&nbsp;&nbsp; GD Power Development Co. Ltd., Class A | &nbsp;&nbsp; 849000 | &nbsp;&nbsp; 564736 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp; 262000 | &nbsp;&nbsp; 539325 |
| &nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd., Class H | &nbsp;&nbsp; 460500 | &nbsp;&nbsp; 781048 |
| &nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp; 86300 | &nbsp;&nbsp; 480011 |
| &nbsp;&nbsp;&nbsp; Guangdong Baolihua New Energy Stock Co. Ltd., Class A | &nbsp;&nbsp; 613300 | &nbsp;&nbsp; 393744 |
| &nbsp;&nbsp;&nbsp; Guangdong Investment Ltd. | &nbsp;&nbsp; 612000 | &nbsp;&nbsp; 578609 |
| &nbsp;&nbsp;&nbsp; Guangdong South New Media Co. Ltd., Class A | &nbsp;&nbsp; 57400 | &nbsp;&nbsp; 377800 |
| &nbsp;&nbsp;&nbsp; Guangxi Guiguan Electric Power Co. Ltd., Class A | &nbsp;&nbsp; 425600 | &nbsp;&nbsp; 511780 |
| &nbsp;&nbsp;&nbsp; Guangxi Liugong Machinery Co. Ltd., Class A | &nbsp;&nbsp; 211800 | &nbsp;&nbsp; 345953 |
| &nbsp;&nbsp;&nbsp; Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 38836 |
| &nbsp;&nbsp;&nbsp; Haitian International Holdings Ltd. | &nbsp;&nbsp; 97000 | &nbsp;&nbsp; 300068 |
| &nbsp;&nbsp;&nbsp; Heilongjiang Agriculture Co. Ltd., Class A | &nbsp;&nbsp; 279400 | &nbsp;&nbsp; 702459 |
| &nbsp;&nbsp;&nbsp; Henan Shuanghui Investment & Development Co. Ltd., Class A | &nbsp;&nbsp; 18300 | &nbsp;&nbsp; 67507 |
| &nbsp;&nbsp;&nbsp; HLA Group Corp. Ltd. | &nbsp;&nbsp; 465900 | &nbsp;&nbsp; 410260 |
| &nbsp;&nbsp;&nbsp; Huadian Power International Corp. Ltd., Class H | &nbsp;&nbsp; 940000 | &nbsp;&nbsp; 497135 |
| &nbsp;&nbsp;&nbsp; Huapont Life Sciences Co. Ltd., Class A | &nbsp;&nbsp; 487500 | &nbsp;&nbsp; 392018 |
| &nbsp;&nbsp;&nbsp; Huaxin Building Materials Group Co. Ltd., Class H | &nbsp;&nbsp; 167300 | &nbsp;&nbsp; 398542 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp; 95100 | &nbsp;&nbsp; 262742 |
| &nbsp;&nbsp;&nbsp; Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 136700 | &nbsp;&nbsp; 511883 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | &nbsp;&nbsp; 2441000 | &nbsp;&nbsp; 2024802 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Dian Tou Energy Corp. Ltd., Class A | &nbsp;&nbsp; 193116 | &nbsp;&nbsp; 796173 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia ERDOS Resources Co. Ltd., Class A | &nbsp;&nbsp; 223580 | &nbsp;&nbsp; 505454 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A | &nbsp;&nbsp; 553500 | &nbsp;&nbsp; 387276 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co. Ltd., Class B | &nbsp;&nbsp; 369300 | &nbsp;&nbsp; 738482 |
| &nbsp;&nbsp;&nbsp; Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A | &nbsp;&nbsp; 215200 | &nbsp;&nbsp; 311845 |
| &nbsp;&nbsp;&nbsp; Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | &nbsp;&nbsp; 93186 | &nbsp;&nbsp; 534233 |
| &nbsp;&nbsp;&nbsp; Jiangsu Zhongtian Technology Co. Ltd., Class A | &nbsp;&nbsp; 182200 | &nbsp;&nbsp; 582957 |
| &nbsp;&nbsp;&nbsp; Joincare Pharmaceutical Group Industry Co. Ltd., Class A | &nbsp;&nbsp; 173300 | &nbsp;&nbsp; 290520 |
| &nbsp;&nbsp;&nbsp; KingClean Electric Co. Ltd., Class A \* | &nbsp;&nbsp; 23518 | &nbsp;&nbsp; 109269 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 614750 |
| &nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. | &nbsp;&nbsp; 18000 | &nbsp;&nbsp; 47070 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class A | &nbsp;&nbsp; 72000 | &nbsp;&nbsp; 361549 |
| &nbsp;&nbsp;&nbsp; Meihua Holdings Group Co. Ltd., Class A | &nbsp;&nbsp; 280400 | &nbsp;&nbsp; 443529 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class H | &nbsp;&nbsp; 64900 | &nbsp;&nbsp; 711333 |
| &nbsp;&nbsp;&nbsp; Nanjing Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp; 720000 | &nbsp;&nbsp; 601872 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Newland Digital Technology Co. Ltd., Class A | &nbsp;&nbsp; 61000 | &nbsp;&nbsp; 238913 |
| &nbsp;&nbsp;&nbsp; Offshore Oil Engineering Co. Ltd., Class A | &nbsp;&nbsp; 317300 | &nbsp;&nbsp; 304281 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class A | &nbsp;&nbsp; 488600 | &nbsp;&nbsp; 774596 |
| &nbsp;&nbsp;&nbsp; Qingdao Port International Co. Ltd., Class A | &nbsp;&nbsp; 441800 | &nbsp;&nbsp; 604888 |
| &nbsp;&nbsp;&nbsp; Qinhuangdao Port Co. Ltd., Class A | &nbsp;&nbsp; 822900 | &nbsp;&nbsp; 427961 |
| &nbsp;&nbsp;&nbsp; SF Holding Co. Ltd., Class A | &nbsp;&nbsp; 80700 | &nbsp;&nbsp; 434721 |
| &nbsp;&nbsp;&nbsp; Shandong Nanshan Aluminum Co. Ltd., Class A | &nbsp;&nbsp; 696500 | &nbsp;&nbsp; 729163 |
| &nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co. Ltd., Class H | &nbsp;&nbsp; 31600 | &nbsp;&nbsp; 20233 |
| &nbsp;&nbsp;&nbsp; Shanghai Huayi Group Co. Ltd., Class A | &nbsp;&nbsp; 374800 | &nbsp;&nbsp; 541467 |
| &nbsp;&nbsp;&nbsp; Shanghai International Port Group Co. Ltd., Class A | &nbsp;&nbsp; 453600 | &nbsp;&nbsp; 325119 |
| &nbsp;&nbsp;&nbsp; Shanghai Mechanical and Electrical Industry Co. Ltd., Class A | &nbsp;&nbsp; 175600 | &nbsp;&nbsp; 683438 |
| &nbsp;&nbsp;&nbsp; Shanghai Pharmaceuticals Holding Co. Ltd., Class H | &nbsp;&nbsp; 32500 | &nbsp;&nbsp; 49528 |
| &nbsp;&nbsp;&nbsp; Shanghai Tunnel Engineering Co. Ltd., Class A | &nbsp;&nbsp; 460300 | &nbsp;&nbsp; 448691 |
| &nbsp;&nbsp;&nbsp; Shanjin International Gold Co. Ltd., Class A | &nbsp;&nbsp; 80320 | &nbsp;&nbsp; 386462 |
| &nbsp;&nbsp;&nbsp; Shenergy Co. Ltd., Class A | &nbsp;&nbsp; 364700 | &nbsp;&nbsp; 436415 |
| &nbsp;&nbsp;&nbsp; Shenzhen Aisidi Co. Ltd., Class A | &nbsp;&nbsp; 281540 | &nbsp;&nbsp; 517359 |
| &nbsp;&nbsp;&nbsp; Shenzhen Expressway Corp. Ltd. | &nbsp;&nbsp; 85300 | &nbsp;&nbsp; 111151 |
| &nbsp;&nbsp;&nbsp; Shenzhen Transsion Holdings Co. Ltd., Class A | &nbsp;&nbsp; 3201 | &nbsp;&nbsp; 26637 |
| &nbsp;&nbsp;&nbsp; Sichuan Kelun Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 87200 | &nbsp;&nbsp; 387726 |
| &nbsp;&nbsp;&nbsp; Sinopharm Group Co. Ltd., Class H | &nbsp;&nbsp; 163600 | &nbsp;&nbsp; 436525 |
| &nbsp;&nbsp;&nbsp; Sinotrans Ltd., Class A | &nbsp;&nbsp; 60800 | &nbsp;&nbsp; 52235 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp; 213000 | &nbsp;&nbsp; 978134 |
| &nbsp;&nbsp;&nbsp; TangShan Port Group Co. Ltd., Class A | &nbsp;&nbsp; 1031900 | &nbsp;&nbsp; 634581 |
| &nbsp;&nbsp;&nbsp; Tasly Pharmaceutical Group Co. Ltd., Class A | &nbsp;&nbsp; 183400 | &nbsp;&nbsp; 397839 |
| &nbsp;&nbsp;&nbsp; Tian Di Science & Technology Co. Ltd., Class A | &nbsp;&nbsp; 575700 | &nbsp;&nbsp; 498891 |
| &nbsp;&nbsp;&nbsp; Tianhe Chemicals Group Ltd. ‡ \* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Tianjin Port Co. Ltd., Class A | &nbsp;&nbsp; 637400 | &nbsp;&nbsp; 442216 |
| &nbsp;&nbsp;&nbsp; Tianshan Aluminum Group Co. Ltd., Class A | &nbsp;&nbsp; 227100 | &nbsp;&nbsp; 607963 |
| &nbsp;&nbsp;&nbsp; Triangle Tyre Co. Ltd., Class A | &nbsp;&nbsp; 173100 | &nbsp;&nbsp; 384229 |
| &nbsp;&nbsp;&nbsp; Uni-President China Holdings Ltd. | &nbsp;&nbsp; 356000 | &nbsp;&nbsp; 360959 |
| &nbsp;&nbsp;&nbsp; Wanxiang Qianchao Co. Ltd., Class A | &nbsp;&nbsp; 436700 | &nbsp;&nbsp; 1078144 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp; 43500 | &nbsp;&nbsp; 655540 |
| &nbsp;&nbsp;&nbsp; Xiamen C & D, Inc., Class A | &nbsp;&nbsp; 240300 | &nbsp;&nbsp; 329351 |
| &nbsp;&nbsp;&nbsp; Xinhua Winshare Publishing and Media Co. Ltd., Class A | &nbsp;&nbsp; 294600 | &nbsp;&nbsp; 658988 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 435400 | &nbsp;&nbsp; 1143497 |
| &nbsp;&nbsp;&nbsp; Yankuang Energy Group Co. Ltd., Class H | &nbsp;&nbsp; 683200 | &nbsp;&nbsp; 995375 |
| &nbsp;&nbsp;&nbsp; Youngor Fashion Co. Ltd., Class A | &nbsp;&nbsp; 482800 | &nbsp;&nbsp; 509947 |
| &nbsp;&nbsp;&nbsp; Yunnan Aluminium Co. Ltd., Class A | &nbsp;&nbsp; 164000 | &nbsp;&nbsp; 783340 |
| &nbsp;&nbsp;&nbsp; Yunnan Baiyao Group Co. Ltd., Class A | &nbsp;&nbsp; 32160 | &nbsp;&nbsp; 256943 |
| &nbsp;&nbsp;&nbsp; Yunnan Yuntianhua Co. Ltd., Class A | &nbsp;&nbsp; 133700 | &nbsp;&nbsp; 733588 |
| &nbsp;&nbsp;&nbsp; Yutong Bus Co. Ltd., Class A | &nbsp;&nbsp; 168900 | &nbsp;&nbsp; 749798 |
| &nbsp;&nbsp;&nbsp; ZCZL Industrial Technology Group Co. Ltd. | &nbsp;&nbsp; 53100 | &nbsp;&nbsp; 188736 |
| &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., Class H | &nbsp;&nbsp; 484000 | &nbsp;&nbsp; 456610 |
| &nbsp;&nbsp;&nbsp; Zhejiang Hisun Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 294400 | &nbsp;&nbsp; 443871 |
| &nbsp;&nbsp;&nbsp; Zhejiang Longsheng Group Co. Ltd., Class A | &nbsp;&nbsp; 480200 | &nbsp;&nbsp; 1050123 |
| &nbsp;&nbsp;&nbsp; Zhejiang NHU Co. Ltd., Class A | &nbsp;&nbsp; 134200 | &nbsp;&nbsp; 537509 |
| &nbsp;&nbsp;&nbsp; Zhejiang Semir Garment Co. Ltd., Class A | &nbsp;&nbsp; 99000 | &nbsp;&nbsp; 78833 |
| &nbsp;&nbsp;&nbsp; Zhejiang Zheneng Electric Power Co. Ltd., Class A | &nbsp;&nbsp; 441100 | &nbsp;&nbsp; 313531 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Zhongjin Gold Corp. Ltd., Class A | &nbsp;&nbsp; 192900 | &nbsp;&nbsp; 973746 |
| &nbsp;&nbsp;&nbsp; Zhongshan Broad Ocean Motor Co. Ltd., Class A | &nbsp;&nbsp; 410800 | &nbsp;&nbsp; 625143 |
| &nbsp;&nbsp;&nbsp; Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H (c) | &nbsp;&nbsp; 89000 | &nbsp;&nbsp; 99846 |
|  |  | &nbsp;&nbsp; 78023024 |
| **Colombia — 0.3%** | **Colombia — 0.3%** | **Colombia — 0.3%** |
| &nbsp;&nbsp;&nbsp; Ecopetrol SA | &nbsp;&nbsp; 810766 | &nbsp;&nbsp; 507703 |
| &nbsp;&nbsp;&nbsp; Grupo Cibest SA (Preference) | &nbsp;&nbsp; 36070 | &nbsp;&nbsp; 733715 |
|  |  | &nbsp;&nbsp; 1241418 |
| **Cyprus — 0.1%** | **Cyprus — 0.1%** | **Cyprus — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bank of Cyprus Holdings plc | &nbsp;&nbsp; 24765 | &nbsp;&nbsp; 273243 |
| **Czech Republic — 0.5%** | **Czech Republic — 0.5%** | **Czech Republic — 0.5%** |
| &nbsp;&nbsp;&nbsp; CEZ A/S | &nbsp;&nbsp; 20809 | &nbsp;&nbsp; 1196515 |
| &nbsp;&nbsp;&nbsp; Komercni Banka A/S | &nbsp;&nbsp; 6260 | &nbsp;&nbsp; 379338 |
| &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S (b) | &nbsp;&nbsp; 64320 | &nbsp;&nbsp; 645538 |
|  |  | &nbsp;&nbsp; 2221391 |
| **Egypt — 0.2%** | **Egypt — 0.2%** | **Egypt — 0.2%** |
| &nbsp;&nbsp;&nbsp; Commercial International Bank - Egypt (CIB) | &nbsp;&nbsp; 355775 | &nbsp;&nbsp; 1014148 |
| **Greece — 2.3%** | **Greece — 2.3%** | **Greece — 2.3%** |
| &nbsp;&nbsp;&nbsp; Eurobank SA | &nbsp;&nbsp; 201383 | &nbsp;&nbsp; 984154 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp; 45523 | &nbsp;&nbsp; 853804 |
| &nbsp;&nbsp;&nbsp; HELLENiQ ENERGY Holdings S.A. | &nbsp;&nbsp; 31485 | &nbsp;&nbsp; 338499 |
| &nbsp;&nbsp;&nbsp; JUMBO SA | &nbsp;&nbsp; 30715 | &nbsp;&nbsp; 911657 |
| &nbsp;&nbsp;&nbsp; Motor Oil Hellas Corinth Refineries SA | &nbsp;&nbsp; 25441 | &nbsp;&nbsp; 1024331 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp; 73810 | &nbsp;&nbsp; 1303075 |
| &nbsp;&nbsp;&nbsp; OPAP SA | &nbsp;&nbsp; 46418 | &nbsp;&nbsp; 935367 |
| &nbsp;&nbsp;&nbsp; Piraeus Bank SA \* | &nbsp;&nbsp; 167531 | &nbsp;&nbsp; 1689940 |
| &nbsp;&nbsp;&nbsp; Public Power Corp. SA | &nbsp;&nbsp; 48641 | &nbsp;&nbsp; 1149685 |
|  |  | &nbsp;&nbsp; 9190512 |
| **Hungary — 1.5%** | **Hungary — 1.5%** | **Hungary — 1.5%** |
| &nbsp;&nbsp;&nbsp; Magyar Telekom Telecommunications plc | &nbsp;&nbsp; 148129 | &nbsp;&nbsp; 918918 |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp; 90929 | &nbsp;&nbsp; 1110511 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp; 21518 | &nbsp;&nbsp; 2707654 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | &nbsp;&nbsp; 34131 | &nbsp;&nbsp; 1142358 |
|  |  | &nbsp;&nbsp; 5879441 |
| **India — 8.7%** | **India — 8.7%** | **India — 8.7%** |
| &nbsp;&nbsp;&nbsp; Adani Power Ltd. \* | &nbsp;&nbsp; 744042 | &nbsp;&nbsp; 1095245 |
| &nbsp;&nbsp;&nbsp; Aurobindo Pharma Ltd. | &nbsp;&nbsp; 22371 | &nbsp;&nbsp; 294200 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp; 10999 | &nbsp;&nbsp; 1148695 |
| &nbsp;&nbsp;&nbsp; Bajaj Holdings & Investment Ltd. | &nbsp;&nbsp; 1319 | &nbsp;&nbsp; 154950 |
| &nbsp;&nbsp;&nbsp; Bank of Baroda | &nbsp;&nbsp; 40387 | &nbsp;&nbsp; 131614 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp; 178715 | &nbsp;&nbsp; 708525 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp; 194726 | &nbsp;&nbsp; 312535 |
| &nbsp;&nbsp;&nbsp; Castrol India Ltd. | &nbsp;&nbsp; 43508 | &nbsp;&nbsp; 87158 |
| &nbsp;&nbsp;&nbsp; Cipla Ltd. | &nbsp;&nbsp; 63381 | &nbsp;&nbsp; 913445 |
| &nbsp;&nbsp;&nbsp; Coal India Ltd. | &nbsp;&nbsp; 52469 | &nbsp;&nbsp; 251688 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive India Ltd. | &nbsp;&nbsp; 7520 | &nbsp;&nbsp; 172913 |
| &nbsp;&nbsp;&nbsp; Dabur India Ltd. | &nbsp;&nbsp; 67209 | &nbsp;&nbsp; 370333 |
| &nbsp;&nbsp;&nbsp; Divi's Laboratories Ltd. | &nbsp;&nbsp; 11417 | &nbsp;&nbsp; 752166 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp; 56205 | &nbsp;&nbsp; 743686 |
| &nbsp;&nbsp;&nbsp; GAIL India Ltd. | &nbsp;&nbsp; 115705 | &nbsp;&nbsp; 210775 |
| &nbsp;&nbsp;&nbsp; Glenmark Pharmaceuticals Ltd. | &nbsp;&nbsp; 9151 | &nbsp;&nbsp; 200738 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp; 75361 | &nbsp;&nbsp; 1390608 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp; 27521 | &nbsp;&nbsp; 286475 |
| &nbsp;&nbsp;&nbsp; Hindustan Petroleum Corp. Ltd. | &nbsp;&nbsp; 85522 | &nbsp;&nbsp; 396958 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp; 92821 | &nbsp;&nbsp; 2396413 |
| &nbsp;&nbsp;&nbsp; Hindustan Zinc Ltd. | &nbsp;&nbsp; 33588 | &nbsp;&nbsp; 227834 |
| &nbsp;&nbsp;&nbsp; ICICI Lombard General Insurance Co. Ltd. (b) | &nbsp;&nbsp; 2909 | &nbsp;&nbsp; 57406 |
| &nbsp;&nbsp;&nbsp; Indian Oil Corp. Ltd. | &nbsp;&nbsp; 361526 | &nbsp;&nbsp; 642043 |
| &nbsp;&nbsp;&nbsp; Indus Towers Ltd. \* | &nbsp;&nbsp; 118066 | &nbsp;&nbsp; 572720 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp; 228977 | &nbsp;&nbsp; 4095548 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp; 359030 | &nbsp;&nbsp; 1258556 |
| &nbsp;&nbsp;&nbsp; Jindal Steel Ltd. | &nbsp;&nbsp; 25475 | &nbsp;&nbsp; 312156 |
| &nbsp;&nbsp;&nbsp; JSW Steel Ltd. | &nbsp;&nbsp; 36255 | &nbsp;&nbsp; 476559 |
| &nbsp;&nbsp;&nbsp; Kwality Wall's India Ltd. ‡ \* | &nbsp;&nbsp; 89142 | &nbsp;&nbsp; 37196 |
| &nbsp;&nbsp;&nbsp; Nestle India Ltd. | &nbsp;&nbsp; 61587 | &nbsp;&nbsp; 894437 |
| &nbsp;&nbsp;&nbsp; NHPC Ltd. | &nbsp;&nbsp; 222850 | &nbsp;&nbsp; 189758 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. | &nbsp;&nbsp; 606312 | &nbsp;&nbsp; 534096 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp; 299972 | &nbsp;&nbsp; 1162259 |
| &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp. Ltd. | &nbsp;&nbsp; 269045 | &nbsp;&nbsp; 788740 |
| &nbsp;&nbsp;&nbsp; Oil India Ltd. | &nbsp;&nbsp; 38939 | &nbsp;&nbsp; 216421 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp; 98270 | &nbsp;&nbsp; 309930 |
| &nbsp;&nbsp;&nbsp; Piramal Finance Ltd. \* | &nbsp;&nbsp; 3649 | &nbsp;&nbsp; 69162 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp; 223275 | &nbsp;&nbsp; 623277 |
| &nbsp;&nbsp;&nbsp; REC Ltd. | &nbsp;&nbsp; 121494 | &nbsp;&nbsp; 481584 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | &nbsp;&nbsp; 141050 | &nbsp;&nbsp; 2143246 |
| &nbsp;&nbsp;&nbsp; State Bank of India | &nbsp;&nbsp; 18289 | &nbsp;&nbsp; 214359 |
| &nbsp;&nbsp;&nbsp; Steel Authority of India Ltd. | &nbsp;&nbsp; 124105 | &nbsp;&nbsp; 203218 |
| &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries Ltd. | &nbsp;&nbsp; 55176 | &nbsp;&nbsp; 957498 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp; 50292 | &nbsp;&nbsp; 1710335 |
| &nbsp;&nbsp;&nbsp; Tata Motors Ltd. \* | &nbsp;&nbsp; 61069 | &nbsp;&nbsp; 304391 |
| &nbsp;&nbsp;&nbsp; Tata Motors Passenger Vehicles Ltd. | &nbsp;&nbsp; 108174 | &nbsp;&nbsp; 412238 |
| &nbsp;&nbsp;&nbsp; Tata Power Co. Ltd. (The) | &nbsp;&nbsp; 153805 | &nbsp;&nbsp; 612731 |
| &nbsp;&nbsp;&nbsp; Tata Steel Ltd. | &nbsp;&nbsp; 495804 | &nbsp;&nbsp; 1034920 |
| &nbsp;&nbsp;&nbsp; Titan Co. Ltd. | &nbsp;&nbsp; 8232 | &nbsp;&nbsp; 356201 |
| &nbsp;&nbsp;&nbsp; Torrent Power Ltd. | &nbsp;&nbsp; 16300 | &nbsp;&nbsp; 246087 |
| &nbsp;&nbsp;&nbsp; Union Bank of India Ltd. | &nbsp;&nbsp; 94776 | &nbsp;&nbsp; 186544 |
| &nbsp;&nbsp;&nbsp; United Breweries Ltd. | &nbsp;&nbsp; 2957 | &nbsp;&nbsp; 47256 |
| &nbsp;&nbsp;&nbsp; UPL Ltd. | &nbsp;&nbsp; 13249 | &nbsp;&nbsp; 101514 |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp; 125807 | &nbsp;&nbsp; 930443 |
| &nbsp;&nbsp;&nbsp; Zydus Lifesciences Ltd. | &nbsp;&nbsp; 20113 | &nbsp;&nbsp; 193759 |
|  |  | &nbsp;&nbsp; 34623542 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Indonesia — 1.8%** | **Indonesia — 1.8%** | **Indonesia — 1.8%** |
| &nbsp;&nbsp;&nbsp; Alamtri Resources Indonesia Tbk. PT | &nbsp;&nbsp; 1698200 | &nbsp;&nbsp; 223179 |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp; 3235200 | &nbsp;&nbsp; 1226695 |
| &nbsp;&nbsp;&nbsp; Bukit Asam Tbk. PT | &nbsp;&nbsp; 2812500 | &nbsp;&nbsp; 416476 |
| &nbsp;&nbsp;&nbsp; Elang Mahkota Teknologi Tbk. PT | &nbsp;&nbsp; 5545600 | &nbsp;&nbsp; 323931 |
| &nbsp;&nbsp;&nbsp; Gudang Garam Tbk. PT | &nbsp;&nbsp; 171300 | &nbsp;&nbsp; 159717 |
| &nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur Tbk. PT | &nbsp;&nbsp; 909400 | &nbsp;&nbsp; 431537 |
| &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk. PT | &nbsp;&nbsp; 1487100 | &nbsp;&nbsp; 603898 |
| &nbsp;&nbsp;&nbsp; Kalbe Farma Tbk. PT | &nbsp;&nbsp; 463000 | &nbsp;&nbsp; 31580 |
| &nbsp;&nbsp;&nbsp; Perusahaan Gas Negara Tbk. PT | &nbsp;&nbsp; 5472700 | &nbsp;&nbsp; 692816 |
| &nbsp;&nbsp;&nbsp; Sarana Menara Nusantara Tbk. PT | &nbsp;&nbsp; 1492000 | &nbsp;&nbsp; 46667 |
| &nbsp;&nbsp;&nbsp; Sumber Alfaria Trijaya Tbk. PT | &nbsp;&nbsp; 104200 | &nbsp;&nbsp; 10842 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp; 6339900 | &nbsp;&nbsp; 1355220 |
| &nbsp;&nbsp;&nbsp; Trimegah Bangun Persada Tbk. PT | &nbsp;&nbsp; 3482300 | &nbsp;&nbsp; 283677 |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk. PT | &nbsp;&nbsp; 2637500 | &nbsp;&nbsp; 302484 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp; 368500 | &nbsp;&nbsp; 574071 |
| &nbsp;&nbsp;&nbsp; XLSMART Telecom Sejahtera Tbk. PT | &nbsp;&nbsp; 2312400 | &nbsp;&nbsp; 454627 |
|  |  | &nbsp;&nbsp; 7137417 |
| **Kuwait — 0.7%** | **Kuwait — 0.7%** | **Kuwait — 0.7%** |
| &nbsp;&nbsp;&nbsp; Agility Global plc | &nbsp;&nbsp; 645697 | &nbsp;&nbsp; 237356 |
| &nbsp;&nbsp;&nbsp; Agility Public Warehousing Co. KSCC | &nbsp;&nbsp; 849156 | &nbsp;&nbsp; 372279 |
| &nbsp;&nbsp;&nbsp; Mobile Telecommunications Co. KSCP | &nbsp;&nbsp; 577803 | &nbsp;&nbsp; 959556 |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait SAKP | &nbsp;&nbsp; 375279 | &nbsp;&nbsp; 1162758 |
|  |  | &nbsp;&nbsp; 2731949 |
| **Malaysia — 4.0%** | **Malaysia — 4.0%** | **Malaysia — 4.0%** |
| &nbsp;&nbsp;&nbsp; 99 Speed Mart Retail Holdings Bhd. | &nbsp;&nbsp; 431100 | &nbsp;&nbsp; 437380 |
| &nbsp;&nbsp;&nbsp; AMMB Holdings Bhd. | &nbsp;&nbsp; 440500 | &nbsp;&nbsp; 720442 |
| &nbsp;&nbsp;&nbsp; Axiata Group Bhd. | &nbsp;&nbsp; 286300 | &nbsp;&nbsp; 166926 |
| &nbsp;&nbsp;&nbsp; CELCOMDIGI Bhd. | &nbsp;&nbsp; 199500 | &nbsp;&nbsp; 164998 |
| &nbsp;&nbsp;&nbsp; CIMB Group Holdings Bhd. | &nbsp;&nbsp; 645100 | &nbsp;&nbsp; 1405488 |
| &nbsp;&nbsp;&nbsp; Genting Bhd. | &nbsp;&nbsp; 231800 | &nbsp;&nbsp; 167964 |
| &nbsp;&nbsp;&nbsp; Genting Malaysia Bhd. | &nbsp;&nbsp; 793400 | &nbsp;&nbsp; 398554 |
| &nbsp;&nbsp;&nbsp; Hong Leong Bank Bhd. | &nbsp;&nbsp; 45100 | &nbsp;&nbsp; 295145 |
| &nbsp;&nbsp;&nbsp; Hong Leong Financial Group Bhd. | &nbsp;&nbsp; 11000 | &nbsp;&nbsp; 62390 |
| &nbsp;&nbsp;&nbsp; IHH Healthcare Bhd. | &nbsp;&nbsp; 217700 | &nbsp;&nbsp; 494281 |
| &nbsp;&nbsp;&nbsp; Kuala Lumpur Kepong Bhd. | &nbsp;&nbsp; 64400 | &nbsp;&nbsp; 318569 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp; 549308 | &nbsp;&nbsp; 1644013 |
| &nbsp;&nbsp;&nbsp; Maxis Bhd. | &nbsp;&nbsp; 741700 | &nbsp;&nbsp; 719794 |
| &nbsp;&nbsp;&nbsp; Petronas Chemicals Group Bhd. | &nbsp;&nbsp; 217300 | &nbsp;&nbsp; 178392 |
| &nbsp;&nbsp;&nbsp; Petronas Gas Bhd. | &nbsp;&nbsp; 224400 | &nbsp;&nbsp; 1046289 |
| &nbsp;&nbsp;&nbsp; PPB Group Bhd. | &nbsp;&nbsp; 208560 | &nbsp;&nbsp; 596819 |
| &nbsp;&nbsp;&nbsp; Press Metal Aluminium Holdings Bhd. | &nbsp;&nbsp; 687800 | &nbsp;&nbsp; 1318466 |
| &nbsp;&nbsp;&nbsp; RHB Bank Bhd. | &nbsp;&nbsp; 551600 | &nbsp;&nbsp; 1182119 |
| &nbsp;&nbsp;&nbsp; SD Guthrie Bhd. | &nbsp;&nbsp; 723900 | &nbsp;&nbsp; 1072445 |
| &nbsp;&nbsp;&nbsp; Sime Darby Bhd. | &nbsp;&nbsp; 1094900 | &nbsp;&nbsp; 599661 |
| &nbsp;&nbsp;&nbsp; Telekom Malaysia Bhd. | &nbsp;&nbsp; 451900 | &nbsp;&nbsp; 906448 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp; 485200 | &nbsp;&nbsp; 1716694 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Malaysia — continued** | **Malaysia — continued** | **Malaysia — continued** |
| &nbsp;&nbsp;&nbsp; YTL Corp. Bhd. | &nbsp;&nbsp; 255500 | &nbsp;&nbsp; 134720 |
| &nbsp;&nbsp;&nbsp; YTL Power International Bhd. | &nbsp;&nbsp; 146800 | &nbsp;&nbsp; 120165 |
|  |  | &nbsp;&nbsp; 15868162 |
| **Mexico — 6.7%** | **Mexico — 6.7%** | **Mexico — 6.7%** |
| &nbsp;&nbsp;&nbsp; Alsea SAB de CV | &nbsp;&nbsp; 27241 | &nbsp;&nbsp; 83098 |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV | &nbsp;&nbsp; 1611069 | &nbsp;&nbsp; 1665828 |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp; 109116 | &nbsp;&nbsp; 1229085 |
| &nbsp;&nbsp;&nbsp; Banco del Bajio SA (b) | &nbsp;&nbsp; 131465 | &nbsp;&nbsp; 384631 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV | &nbsp;&nbsp; 1748822 | &nbsp;&nbsp; 2173519 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Femsa SAB de CV | &nbsp;&nbsp; 90478 | &nbsp;&nbsp; 948890 |
| &nbsp;&nbsp;&nbsp; El Puerto de Liverpool SAB de CV, Class C1 | &nbsp;&nbsp; 63054 | &nbsp;&nbsp; 380287 |
| &nbsp;&nbsp;&nbsp; Fibra Uno Administracion SA de CV, REIT | &nbsp;&nbsp; 455696 | &nbsp;&nbsp; 708733 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp; 68991 | &nbsp;&nbsp; 719953 |
| &nbsp;&nbsp;&nbsp; Gentera SAB de CV | &nbsp;&nbsp; 83842 | &nbsp;&nbsp; 233017 |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Class B | &nbsp;&nbsp; 52155 | &nbsp;&nbsp; 939930 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Centro Norte SAB de CV | &nbsp;&nbsp; 76920 | &nbsp;&nbsp; 1123166 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV, Class B | &nbsp;&nbsp; 19247 | &nbsp;&nbsp; 529105 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | &nbsp;&nbsp; 35383 | &nbsp;&nbsp; 1223767 |
| &nbsp;&nbsp;&nbsp; Grupo Carso SAB de CV | &nbsp;&nbsp; 37404 | &nbsp;&nbsp; 254461 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp; 278776 | &nbsp;&nbsp; 3142850 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp; 266910 | &nbsp;&nbsp; 2945082 |
| &nbsp;&nbsp;&nbsp; Industrias Penoles SAB de CV \* | &nbsp;&nbsp; 28694 | &nbsp;&nbsp; 1663254 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico SAB de CV, Class A | &nbsp;&nbsp; 462764 | &nbsp;&nbsp; 1025040 |
| &nbsp;&nbsp;&nbsp; Megacable Holdings SAB de CV | &nbsp;&nbsp; 172845 | &nbsp;&nbsp; 606777 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV \* | &nbsp;&nbsp; 191372 | &nbsp;&nbsp; 203023 |
| &nbsp;&nbsp;&nbsp; Prologis Property Mexico SA de CV, REIT | &nbsp;&nbsp; 148848 | &nbsp;&nbsp; 682234 |
| &nbsp;&nbsp;&nbsp; Promotora y Operadora de Infraestructura SAB de CV | &nbsp;&nbsp; 64815 | &nbsp;&nbsp; 1014357 |
| &nbsp;&nbsp;&nbsp; Sigma Foods SAB de CV, Class A | &nbsp;&nbsp; 1006354 | &nbsp;&nbsp; 995067 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp; 584195 | &nbsp;&nbsp; 1853940 |
|  |  | &nbsp;&nbsp; 26729094 |
| **Philippines — 0.3%** | **Philippines — 0.3%** | **Philippines — 0.3%** |
| &nbsp;&nbsp;&nbsp; Globe Telecom, Inc. | &nbsp;&nbsp; 4103 | &nbsp;&nbsp; 109960 |
| &nbsp;&nbsp;&nbsp; Manila Electric Co. | &nbsp;&nbsp; 79320 | &nbsp;&nbsp; 794810 |
| &nbsp;&nbsp;&nbsp; PLDT, Inc. | &nbsp;&nbsp; 13270 | &nbsp;&nbsp; 302864 |
| &nbsp;&nbsp;&nbsp; Puregold Price Club, Inc. | &nbsp;&nbsp; 278800 | &nbsp;&nbsp; 168995 |
|  |  | &nbsp;&nbsp; 1376629 |
| **Qatar — 1.1%** | **Qatar — 1.1%** | **Qatar — 1.1%** |
| &nbsp;&nbsp;&nbsp; Industries Qatar QSC | &nbsp;&nbsp; 285254 | &nbsp;&nbsp; 995672 |
| &nbsp;&nbsp;&nbsp; Mesaieed Petrochemical Holding Co. | &nbsp;&nbsp; 231262 | &nbsp;&nbsp; 69513 |
| &nbsp;&nbsp;&nbsp; Nebras Energy | &nbsp;&nbsp; 138685 | &nbsp;&nbsp; 582774 |
| &nbsp;&nbsp;&nbsp; Ooredoo QPSC | &nbsp;&nbsp; 272928 | &nbsp;&nbsp; 1064427 |
| &nbsp;&nbsp;&nbsp; Qatar Fuel QSC | &nbsp;&nbsp; 87135 | &nbsp;&nbsp; 370940 |
| &nbsp;&nbsp;&nbsp; Qatar Gas Transport Co. Ltd. | &nbsp;&nbsp; 714949 | &nbsp;&nbsp; 942531 |
| &nbsp;&nbsp;&nbsp; Qatar International Islamic Bank QSC | &nbsp;&nbsp; 9884 | &nbsp;&nbsp; 31016 |
| &nbsp;&nbsp;&nbsp; Qatar Navigation QSC | &nbsp;&nbsp; 170936 | &nbsp;&nbsp; 531050 |
|  |  | &nbsp;&nbsp; 4587923 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Romania — 0.3%** | **Romania — 0.3%** | **Romania — 0.3%** |
| &nbsp;&nbsp;&nbsp; NEPI Rockcastle NV | &nbsp;&nbsp; 129439 | &nbsp;&nbsp; 1182870 |
| **Russia — 0.0%** | **Russia — 0.0%** | **Russia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Alrosa PJSC ‡ \* | &nbsp;&nbsp; 200448 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Federal Grid Co. - Rosseti PJSC ‡ \* | &nbsp;&nbsp; 170798392 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; GMK Norilskiy Nickel PAO ‡ \* | &nbsp;&nbsp; 308700 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Inter RAO UES PJSC ‡ \* | &nbsp;&nbsp; 6142220 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; LUKOIL PJSC ‡ \* | &nbsp;&nbsp; 17853 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; M.Video PJSC ‡ \* | &nbsp;&nbsp; 8526 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Magnit PJSC ‡ \* | &nbsp;&nbsp; 7858 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel Works PJSC ‡ \* | &nbsp;&nbsp; 334440 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Mobile TeleSystems PJSC ‡ \* | &nbsp;&nbsp; 120496 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Novolipetsk Steel PJSC ‡ \* | &nbsp;&nbsp; 155019 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; PhosAgro PJSC ‡ \* | &nbsp;&nbsp; 1940 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Rostelecom PJSC ‡ \* | &nbsp;&nbsp; 157186 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; RusHydro PJSC ‡ \* | &nbsp;&nbsp; 35715691 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC ‡ \* | &nbsp;&nbsp; 537391 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Severstal PAO ‡ \* | &nbsp;&nbsp; 20498 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Sistema AFK PAO ‡ \* | &nbsp;&nbsp; 308352 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Surgutneftegas PAO (Preference) ‡ \* | &nbsp;&nbsp; 655737 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Tatneft PJSC ‡ \* | &nbsp;&nbsp; 17275 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Unipro PAO ‡ \* | &nbsp;&nbsp; 4941067 | &nbsp;&nbsp; — |
| **Saudi Arabia — 3.5%** | **Saudi Arabia — 3.5%** | **Saudi Arabia — 3.5%** |
| &nbsp;&nbsp;&nbsp; Abdullah Al Othaim Markets Co. | &nbsp;&nbsp; 114669 | &nbsp;&nbsp; 203609 |
| &nbsp;&nbsp;&nbsp; Almarai Co. JSC | &nbsp;&nbsp; 43973 | &nbsp;&nbsp; 518724 |
| &nbsp;&nbsp;&nbsp; Arab National Bank | &nbsp;&nbsp; 46706 | &nbsp;&nbsp; 283470 |
| &nbsp;&nbsp;&nbsp; Arabian Centres Co. (b) | &nbsp;&nbsp; 31544 | &nbsp;&nbsp; 164394 |
| &nbsp;&nbsp;&nbsp; Catrion Catering Holding Co. | &nbsp;&nbsp; 16172 | &nbsp;&nbsp; 349282 |
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | &nbsp;&nbsp; 66437 | &nbsp;&nbsp; 1250219 |
| &nbsp;&nbsp;&nbsp; flynas Co. SJSC \* | &nbsp;&nbsp; 12729 | &nbsp;&nbsp; 206837 |
| &nbsp;&nbsp;&nbsp; Jamjoom Pharmaceuticals Factory Co. | &nbsp;&nbsp; 13607 | &nbsp;&nbsp; 507592 |
| &nbsp;&nbsp;&nbsp; Jarir Marketing Co. | &nbsp;&nbsp; 195791 | &nbsp;&nbsp; 744853 |
| &nbsp;&nbsp;&nbsp; Leejam Sports Co. JSC | &nbsp;&nbsp; 3974 | &nbsp;&nbsp; 107316 |
| &nbsp;&nbsp;&nbsp; Mobile Telecommunications Co. Saudi Arabia | &nbsp;&nbsp; 156745 | &nbsp;&nbsp; 462465 |
| &nbsp;&nbsp;&nbsp; Mouwasat Medical Services Co. | &nbsp;&nbsp; 16639 | &nbsp;&nbsp; 308847 |
| &nbsp;&nbsp;&nbsp; Nahdi Medical Co. | &nbsp;&nbsp; 11779 | &nbsp;&nbsp; 309282 |
| &nbsp;&nbsp;&nbsp; Riyadh Cables Group Co. | &nbsp;&nbsp; 24085 | &nbsp;&nbsp; 838274 |
| &nbsp;&nbsp;&nbsp; SABIC Agri-Nutrients Co. | &nbsp;&nbsp; 30846 | &nbsp;&nbsp; 1027698 |
| &nbsp;&nbsp;&nbsp; SAL Saudi Logistics Services | &nbsp;&nbsp; 10400 | &nbsp;&nbsp; 499903 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (b) | &nbsp;&nbsp; 272825 | &nbsp;&nbsp; 1875461 |
| &nbsp;&nbsp;&nbsp; Saudi Aramco Base Oil Co. | &nbsp;&nbsp; 10561 | &nbsp;&nbsp; 294397 |
| &nbsp;&nbsp;&nbsp; Saudi Cement Co. | &nbsp;&nbsp; 38356 | &nbsp;&nbsp; 368433 |
| &nbsp;&nbsp;&nbsp; Saudi Investment Bank (The) | &nbsp;&nbsp; 36883 | &nbsp;&nbsp; 137655 |
| &nbsp;&nbsp;&nbsp; Saudi Telecom Co. | &nbsp;&nbsp; 198078 | &nbsp;&nbsp; 2351342 |
| &nbsp;&nbsp;&nbsp; Savola Group (The) \* | &nbsp;&nbsp; 9391 | &nbsp;&nbsp; 59827 |
| &nbsp;&nbsp;&nbsp; Seera Group Holding \* | &nbsp;&nbsp; 59920 | &nbsp;&nbsp; 427907 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Saudi Arabia — continued** | **Saudi Arabia — continued** | **Saudi Arabia — continued** |
| &nbsp;&nbsp;&nbsp; United Electronics Co. | &nbsp;&nbsp; 18310 | &nbsp;&nbsp; 429058 |
| &nbsp;&nbsp;&nbsp; Yanbu National Petrochemical Co. | &nbsp;&nbsp; 8716 | &nbsp;&nbsp; 62779 |
|  |  | &nbsp;&nbsp; 13789624 |
| **South Africa — 6.7%** | **South Africa — 6.7%** | **South Africa — 6.7%** |
| &nbsp;&nbsp;&nbsp; African Rainbow Minerals Ltd. | &nbsp;&nbsp; 59079 | &nbsp;&nbsp; 864554 |
| &nbsp;&nbsp;&nbsp; Aspen Pharmacare Holdings Ltd. | &nbsp;&nbsp; 31729 | &nbsp;&nbsp; 211189 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp; 44739 | &nbsp;&nbsp; 1119739 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. | &nbsp;&nbsp; 77163 | &nbsp;&nbsp; 1116524 |
| &nbsp;&nbsp;&nbsp; Clicks Group Ltd. | &nbsp;&nbsp; 35780 | &nbsp;&nbsp; 712830 |
| &nbsp;&nbsp;&nbsp; Exxaro Resources Ltd. | &nbsp;&nbsp; 84388 | &nbsp;&nbsp; 963263 |
| &nbsp;&nbsp;&nbsp; Foschini Group Ltd. | &nbsp;&nbsp; 96038 | &nbsp;&nbsp; 501957 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp; 18979 | &nbsp;&nbsp; 938600 |
| &nbsp;&nbsp;&nbsp; Growthpoint Properties Ltd., REIT | &nbsp;&nbsp; 304490 | &nbsp;&nbsp; 333636 |
| &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co. Ltd. | &nbsp;&nbsp; 75139 | &nbsp;&nbsp; 1596596 |
| &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. | &nbsp;&nbsp; 74161 | &nbsp;&nbsp; 1382305 |
| &nbsp;&nbsp;&nbsp; Investec Ltd. | &nbsp;&nbsp; 98038 | &nbsp;&nbsp; 797777 |
| &nbsp;&nbsp;&nbsp; Kumba Iron Ore Ltd. | &nbsp;&nbsp; 24286 | &nbsp;&nbsp; 541234 |
| &nbsp;&nbsp;&nbsp; Mr Price Group Ltd. | &nbsp;&nbsp; 75150 | &nbsp;&nbsp; 825234 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp; 195472 | &nbsp;&nbsp; 2170634 |
| &nbsp;&nbsp;&nbsp; Naspers Ltd., Class N | &nbsp;&nbsp; 65037 | &nbsp;&nbsp; 3981907 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp; 75692 | &nbsp;&nbsp; 1243310 |
| &nbsp;&nbsp;&nbsp; Pepkor Holdings Ltd. (b) | &nbsp;&nbsp; 522614 | &nbsp;&nbsp; 853939 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp; 52503 | &nbsp;&nbsp; 866247 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. \* | &nbsp;&nbsp; 225112 | &nbsp;&nbsp; 979780 |
| &nbsp;&nbsp;&nbsp; Tiger Brands Ltd. | &nbsp;&nbsp; 46851 | &nbsp;&nbsp; 974045 |
| &nbsp;&nbsp;&nbsp; Valterra Platinum Ltd. | &nbsp;&nbsp; 18675 | &nbsp;&nbsp; 1677914 |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | &nbsp;&nbsp; 125997 | &nbsp;&nbsp; 1174347 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | &nbsp;&nbsp; 248510 | &nbsp;&nbsp; 833200 |
|  |  | &nbsp;&nbsp; 26660761 |
| **Taiwan — 10.5%** | **Taiwan — 10.5%** | **Taiwan — 10.5%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp; 36000 | &nbsp;&nbsp; 1258677 |
| &nbsp;&nbsp;&nbsp; Asustek Computer, Inc. | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 942586 |
| &nbsp;&nbsp;&nbsp; Capital Securities Corp. | &nbsp;&nbsp; 894000 | &nbsp;&nbsp; 839276 |
| &nbsp;&nbsp;&nbsp; Catcher Technology Co. Ltd. | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 102186 |
| &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co. Ltd. | &nbsp;&nbsp; 456000 | &nbsp;&nbsp; 1086412 |
| &nbsp;&nbsp;&nbsp; Chang Hwa Commercial Bank Ltd. | &nbsp;&nbsp; 1032000 | &nbsp;&nbsp; 668018 |
| &nbsp;&nbsp;&nbsp; Cheng Shin Rubber Industry Co. Ltd. | &nbsp;&nbsp; 571000 | &nbsp;&nbsp; 553632 |
| &nbsp;&nbsp;&nbsp; China Airlines Ltd. | &nbsp;&nbsp; 1196000 | &nbsp;&nbsp; 841374 |
| &nbsp;&nbsp;&nbsp; China Motor Corp. | &nbsp;&nbsp; 156000 | &nbsp;&nbsp; 274408 |
| &nbsp;&nbsp;&nbsp; Chunghwa Telecom Co. Ltd. | &nbsp;&nbsp; 436000 | &nbsp;&nbsp; 1848834 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp; 1631395 | &nbsp;&nbsp; 2628415 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp; 863831 | &nbsp;&nbsp; 914740 |
| &nbsp;&nbsp;&nbsp; Eclat Textile Co. Ltd. | &nbsp;&nbsp; 52000 | &nbsp;&nbsp; 650522 |
| &nbsp;&nbsp;&nbsp; Eternal Materials Co. Ltd. | &nbsp;&nbsp; 602000 | &nbsp;&nbsp; 1169512 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp; 740000 | &nbsp;&nbsp; 875892 |
| &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan Ltd. | &nbsp;&nbsp; 159800 | &nbsp;&nbsp; 943811 |
| &nbsp;&nbsp;&nbsp; Far EasTone Telecommunications Co. Ltd. | &nbsp;&nbsp; 324000 | &nbsp;&nbsp; 911451 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Taiwan — continued** | **Taiwan — continued** | **Taiwan — continued** |
| &nbsp;&nbsp;&nbsp; Feng TAY Enterprise Co. Ltd. | &nbsp;&nbsp; 127960 | &nbsp;&nbsp; 390060 |
| &nbsp;&nbsp;&nbsp; First Financial Holding Co. Ltd. | &nbsp;&nbsp; 774799 | &nbsp;&nbsp; 707328 |
| &nbsp;&nbsp;&nbsp; Formosa Petrochemical Corp. | &nbsp;&nbsp; 242000 | &nbsp;&nbsp; 411175 |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp; 294526 | &nbsp;&nbsp; 845755 |
| &nbsp;&nbsp;&nbsp; Giant Manufacturing Co. Ltd. | &nbsp;&nbsp; 134000 | &nbsp;&nbsp; 379507 |
| &nbsp;&nbsp;&nbsp; Hua Nan Financial Holdings Co. Ltd. | &nbsp;&nbsp; 349000 | &nbsp;&nbsp; 367077 |
| &nbsp;&nbsp;&nbsp; International Games System Co. Ltd. | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 681285 |
| &nbsp;&nbsp;&nbsp; King Slide Works Co. Ltd. | &nbsp;&nbsp; 11000 | &nbsp;&nbsp; 1082896 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 3050879 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp; 1343694 | &nbsp;&nbsp; 1652274 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 742076 |
| &nbsp;&nbsp;&nbsp; Pou Chen Corp. | &nbsp;&nbsp; 749000 | &nbsp;&nbsp; 723971 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | &nbsp;&nbsp; 123000 | &nbsp;&nbsp; 835192 |
| &nbsp;&nbsp;&nbsp; SinoPac Financial Holdings Co. Ltd. | &nbsp;&nbsp; 1653349 | &nbsp;&nbsp; 1497577 |
| &nbsp;&nbsp;&nbsp; Taiwan Cooperative Financial Holding Co. Ltd. | &nbsp;&nbsp; 518834 | &nbsp;&nbsp; 387749 |
| &nbsp;&nbsp;&nbsp; Taiwan Fertilizer Co. Ltd. | &nbsp;&nbsp; 432000 | &nbsp;&nbsp; 634714 |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp; 298000 | &nbsp;&nbsp; 999205 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp; 107000 | &nbsp;&nbsp; 5916665 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp; 623000 | &nbsp;&nbsp; 1417340 |
| &nbsp;&nbsp;&nbsp; Yang Ming Marine Transport Corp. | &nbsp;&nbsp; 301000 | &nbsp;&nbsp; 510710 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp; 1344104 | &nbsp;&nbsp; 1830980 |
| &nbsp;&nbsp;&nbsp; Yulon Motor Co. Ltd. | &nbsp;&nbsp; 194000 | &nbsp;&nbsp; 190770 |
|  |  | &nbsp;&nbsp; 41764931 |
| **Thailand — 4.2%** | **Thailand — 4.2%** | **Thailand — 4.2%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL | &nbsp;&nbsp; 151300 | &nbsp;&nbsp; 1677978 |
| &nbsp;&nbsp;&nbsp; Bangkok Bank PCL | &nbsp;&nbsp; 115300 | &nbsp;&nbsp; 578403 |
| &nbsp;&nbsp;&nbsp; Banpu PCL, NVDR | &nbsp;&nbsp; 2792900 | &nbsp;&nbsp; 474952 |
| &nbsp;&nbsp;&nbsp; Carabao Group PCL, NVDR | &nbsp;&nbsp; 288400 | &nbsp;&nbsp; 395566 |
| &nbsp;&nbsp;&nbsp; Central Retail Corp. PCL, NVDR | &nbsp;&nbsp; 418900 | &nbsp;&nbsp; 261395 |
| &nbsp;&nbsp;&nbsp; Charoen Pokphand Foods PCL, NVDR | &nbsp;&nbsp; 1230500 | &nbsp;&nbsp; 806038 |
| &nbsp;&nbsp;&nbsp; CP ALL PCL, NVDR | &nbsp;&nbsp; 617900 | &nbsp;&nbsp; 851869 |
| &nbsp;&nbsp;&nbsp; Digital Telecommunications Infrastructure Fund, Class F | &nbsp;&nbsp; 1209800 | &nbsp;&nbsp; 363344 |
| &nbsp;&nbsp;&nbsp; Electricity Generating PCL | &nbsp;&nbsp; 75200 | &nbsp;&nbsp; 279859 |
| &nbsp;&nbsp;&nbsp; Global Power Synergy PCL, Class F | &nbsp;&nbsp; 318200 | &nbsp;&nbsp; 357579 |
| &nbsp;&nbsp;&nbsp; Home Product Center PCL, NVDR | &nbsp;&nbsp; 1266000 | &nbsp;&nbsp; 284792 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL, NVDR | &nbsp;&nbsp; 245700 | &nbsp;&nbsp; 1467446 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL | &nbsp;&nbsp; 1232700 | &nbsp;&nbsp; 1116541 |
| &nbsp;&nbsp;&nbsp; Minor International PCL, NVDR | &nbsp;&nbsp; 761600 | &nbsp;&nbsp; 552146 |
| &nbsp;&nbsp;&nbsp; Osotspa PCL, NVDR | &nbsp;&nbsp; 832300 | &nbsp;&nbsp; 465204 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL | &nbsp;&nbsp; 288200 | &nbsp;&nbsp; 1125662 |
| &nbsp;&nbsp;&nbsp; PTT Oil & Retail Business PCL | &nbsp;&nbsp; 1005300 | &nbsp;&nbsp; 432961 |
| &nbsp;&nbsp;&nbsp; PTT PCL, NVDR | &nbsp;&nbsp; 1542100 | &nbsp;&nbsp; 1664677 |
| &nbsp;&nbsp;&nbsp; Ratch Group PCL | &nbsp;&nbsp; 98200 | &nbsp;&nbsp; 96724 |
| &nbsp;&nbsp;&nbsp; SCB X PCL, NVDR | &nbsp;&nbsp; 293200 | &nbsp;&nbsp; 1262167 |
| &nbsp;&nbsp;&nbsp; Thai Oil PCL | &nbsp;&nbsp; 525200 | &nbsp;&nbsp; 714307 |
| &nbsp;&nbsp;&nbsp; Thai Union Group PCL, Class F | &nbsp;&nbsp; 1085400 | &nbsp;&nbsp; 406714 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Thailand — continued** | **Thailand — continued** | **Thailand — continued** |
| &nbsp;&nbsp;&nbsp; TMBThanachart Bank PCL, NVDR | &nbsp;&nbsp; 9321000 | &nbsp;&nbsp; 597536 |
| &nbsp;&nbsp;&nbsp; True Corp. PCL, NVDR | &nbsp;&nbsp; 1783700 | &nbsp;&nbsp; 656930 |
|  |  | &nbsp;&nbsp; 16890790 |
| **Turkey — 6.8%** | **Turkey — 6.8%** | **Turkey — 6.8%** |
| &nbsp;&nbsp;&nbsp; AG Anadolu Grubu Holding A/S | &nbsp;&nbsp; 637801 | &nbsp;&nbsp; 513327 |
| &nbsp;&nbsp;&nbsp; Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S \* | &nbsp;&nbsp; 718303 | &nbsp;&nbsp; 438048 |
| &nbsp;&nbsp;&nbsp; Akbank TAS | &nbsp;&nbsp; 119758 | &nbsp;&nbsp; 256170 |
| &nbsp;&nbsp;&nbsp; Akcansa Cimento A/S | &nbsp;&nbsp; 115317 | &nbsp;&nbsp; 516412 |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp; 248138 | &nbsp;&nbsp; 1736321 |
| &nbsp;&nbsp;&nbsp; Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S | &nbsp;&nbsp; 181509 | &nbsp;&nbsp; 666461 |
| &nbsp;&nbsp;&nbsp; Aygaz A/S | &nbsp;&nbsp; 127641 | &nbsp;&nbsp; 703850 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp; 68574 | &nbsp;&nbsp; 1046488 |
| &nbsp;&nbsp;&nbsp; Celebi Hava Servisi A/S | &nbsp;&nbsp; 10173 | &nbsp;&nbsp; 425522 |
| &nbsp;&nbsp;&nbsp; Cimsa Cimento Sanayi ve Ticaret A/S | &nbsp;&nbsp; 129842 | &nbsp;&nbsp; 153891 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Icecek A/S | &nbsp;&nbsp; 359822 | &nbsp;&nbsp; 596459 |
| &nbsp;&nbsp;&nbsp; Dogan Sirketler Grubu Holding A/S | &nbsp;&nbsp; 1818421 | &nbsp;&nbsp; 908176 |
| &nbsp;&nbsp;&nbsp; Dogus Otomotiv Servis ve Ticaret A/S | &nbsp;&nbsp; 89035 | &nbsp;&nbsp; 469467 |
| &nbsp;&nbsp;&nbsp; EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | &nbsp;&nbsp; 363047 | &nbsp;&nbsp; 995127 |
| &nbsp;&nbsp;&nbsp; Enerjisa Enerji A/S (b) | &nbsp;&nbsp; 136559 | &nbsp;&nbsp; 328782 |
| &nbsp;&nbsp;&nbsp; Enerya Enerji A/S | &nbsp;&nbsp; 3159017 | &nbsp;&nbsp; 720617 |
| &nbsp;&nbsp;&nbsp; Enka Insaat ve Sanayi A/S | &nbsp;&nbsp; 454547 | &nbsp;&nbsp; 1021328 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp; 374337 | &nbsp;&nbsp; 978452 |
| &nbsp;&nbsp;&nbsp; Gulermak Agir Sanayi Insaat ve Taahhut A/S \* | &nbsp;&nbsp; 51686 | &nbsp;&nbsp; 231527 |
| &nbsp;&nbsp;&nbsp; GUR-Sel Turizm Tasimacilik ve Servis Ticaret A/S | &nbsp;&nbsp; 46939 | &nbsp;&nbsp; 410434 |
| &nbsp;&nbsp;&nbsp; Is Yatirim Menkul Degerler A/S | &nbsp;&nbsp; 344901 | &nbsp;&nbsp; 381246 |
| &nbsp;&nbsp;&nbsp; Margun Enerji Uretim Sanayi ve Ticaret A/S \* | &nbsp;&nbsp; 277028 | &nbsp;&nbsp; 263096 |
| &nbsp;&nbsp;&nbsp; Mavi Giyim Sanayi ve Ticaret A/S, Class B (b) | &nbsp;&nbsp; 517509 | &nbsp;&nbsp; 576127 |
| &nbsp;&nbsp;&nbsp; Migros Ticaret A/S | &nbsp;&nbsp; 53628 | &nbsp;&nbsp; 785492 |
| &nbsp;&nbsp;&nbsp; MLP Saglik Hizmetleri A/S \* (b) | &nbsp;&nbsp; 33365 | &nbsp;&nbsp; 361571 |
| &nbsp;&nbsp;&nbsp; Nuh Cimento Sanayi A/S | &nbsp;&nbsp; 49886 | &nbsp;&nbsp; 275660 |
| &nbsp;&nbsp;&nbsp; Oyak Cimento Fabrikalari A/S | &nbsp;&nbsp; 1329992 | &nbsp;&nbsp; 845738 |
| &nbsp;&nbsp;&nbsp; Pasifik Eurasia Lojistik Dis Ticaret A/S \* | &nbsp;&nbsp; 123714 | &nbsp;&nbsp; 422460 |
| &nbsp;&nbsp;&nbsp; Pegasus Hava Tasimaciligi A/S \* | &nbsp;&nbsp; 112737 | &nbsp;&nbsp; 529355 |
| &nbsp;&nbsp;&nbsp; Sok Marketler Ticaret A/S \* | &nbsp;&nbsp; 669537 | &nbsp;&nbsp; 1000340 |
| &nbsp;&nbsp;&nbsp; TAV Havalimanlari Holding A/S \* | &nbsp;&nbsp; 116568 | &nbsp;&nbsp; 933440 |
| &nbsp;&nbsp;&nbsp; Tekfen Holding A/S | &nbsp;&nbsp; 159689 | &nbsp;&nbsp; 281834 |
| &nbsp;&nbsp;&nbsp; Tofas Turk Otomobil Fabrikasi A/S | &nbsp;&nbsp; 75122 | &nbsp;&nbsp; 564892 |
| &nbsp;&nbsp;&nbsp; Torunlar Gayrimenkul Yatirim Ortakligi A/S, REIT | &nbsp;&nbsp; 389716 | &nbsp;&nbsp; 747889 |
| &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO | &nbsp;&nbsp; 154087 | &nbsp;&nbsp; 1077780 |
| &nbsp;&nbsp;&nbsp; Turk Telekomunikasyon A/S \* | &nbsp;&nbsp; 594885 | &nbsp;&nbsp; 906220 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S | &nbsp;&nbsp; 402075 | &nbsp;&nbsp; 1083633 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp; 60853 | &nbsp;&nbsp; 225867 |
| &nbsp;&nbsp;&nbsp; Turkiye Is Bankasi A/S, Class C | &nbsp;&nbsp; 1952769 | &nbsp;&nbsp; 750681 |
| &nbsp;&nbsp;&nbsp; Turkiye Petrol Rafinerileri A/S | &nbsp;&nbsp; 195455 | &nbsp;&nbsp; 1101404 |
| &nbsp;&nbsp;&nbsp; Turkiye Sise ve Cam Fabrikalari A/S | &nbsp;&nbsp; 251606 | &nbsp;&nbsp; 264277 |
| &nbsp;&nbsp;&nbsp; Ulker Biskuvi Sanayi A/S | &nbsp;&nbsp; 152051 | &nbsp;&nbsp; 474415 |
|  |  | &nbsp;&nbsp; 26970276 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Arab Emirates — 4.5%** | **United Arab Emirates — 4.5%** | **United Arab Emirates — 4.5%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | &nbsp;&nbsp; 373960 | &nbsp;&nbsp; 1551148 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp; 214726 | &nbsp;&nbsp; 1424095 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Oil Co. for Distribution PJSC | &nbsp;&nbsp; 543341 | &nbsp;&nbsp; 606589 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | &nbsp;&nbsp; 433758 | &nbsp;&nbsp; 629525 |
| &nbsp;&nbsp;&nbsp; ADNOC Logistics & Services | &nbsp;&nbsp; 570502 | &nbsp;&nbsp; 871830 |
| &nbsp;&nbsp;&nbsp; Air Arabia PJSC | &nbsp;&nbsp; 760406 | &nbsp;&nbsp; 1031995 |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | &nbsp;&nbsp; 32996 | &nbsp;&nbsp; 86258 |
| &nbsp;&nbsp;&nbsp; Borouge plc | &nbsp;&nbsp; 670957 | &nbsp;&nbsp; 476878 |
| &nbsp;&nbsp;&nbsp; Dubai Electricity & Water Authority PJSC | &nbsp;&nbsp; 1308114 | &nbsp;&nbsp; 1076135 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp; 489822 | &nbsp;&nbsp; 1288613 |
| &nbsp;&nbsp;&nbsp; Emaar Development PJSC | &nbsp;&nbsp; 228009 | &nbsp;&nbsp; 1067871 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp; 629000 | &nbsp;&nbsp; 2573047 |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp; 98914 | &nbsp;&nbsp; 837638 |
| &nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. PJSC | &nbsp;&nbsp; 315145 | &nbsp;&nbsp; 1690499 |
| &nbsp;&nbsp;&nbsp; NMDC Group PJSC | &nbsp;&nbsp; 121910 | &nbsp;&nbsp; 682497 |
| &nbsp;&nbsp;&nbsp; Presight AI Holding plc \* | &nbsp;&nbsp; 303584 | &nbsp;&nbsp; 279072 |
| &nbsp;&nbsp;&nbsp; Salik Co. PJSC | &nbsp;&nbsp; 581663 | &nbsp;&nbsp; 1010486 |
| &nbsp;&nbsp;&nbsp; Space42 plc \* | &nbsp;&nbsp; 373107 | &nbsp;&nbsp; 152522 |
| &nbsp;&nbsp;&nbsp; Talabat Holding plc | &nbsp;&nbsp; 1791022 | &nbsp;&nbsp; 453916 |
|  |  | &nbsp;&nbsp; 17790614 |
| **United States — 0.3%** | **United States — 0.3%** | **United States — 0.3%** |
| &nbsp;&nbsp;&nbsp; GCC SAB de CV | &nbsp;&nbsp; 43228 | &nbsp;&nbsp; 465327 |
| &nbsp;&nbsp;&nbsp; Titan SA | &nbsp;&nbsp; 14364 | &nbsp;&nbsp; 963845 |
|  |  | &nbsp;&nbsp; 1429172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $304,966,992)<br>|  | &nbsp;&nbsp; 398128228 |
|  | **NO. OF** <br> **WARRANTS**<br>|  |
| **Warrants — 0.0% ^** | **Warrants — 0.0% ^** | **Warrants — 0.0% ^** |
| **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; YTL Corp. Bhd. expiring 6/2/2028, price 1.50 MYR \* | &nbsp;&nbsp; 212660 | &nbsp;&nbsp; 31211 |
| &nbsp;&nbsp;&nbsp; YTL Power International Bhd. expiring 6/2/2028, price 2.45 MYR \* | &nbsp;&nbsp; 68800 | &nbsp;&nbsp; 13557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $—)<br>|  | &nbsp;&nbsp; 44768 |
|  | **SHARES** |  |
| **Short-Term Investments — 0.1%** | **Short-Term Investments — 0.1%** | **Short-Term Investments — 0.1%** |
| **Investment Companies — 0.1%** | **Investment Companies — 0.1%** | **Investment Companies — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.64% (d) (e) <br>(Cost $455,484)<br>| &nbsp;&nbsp; 455484 | &nbsp;&nbsp; 455484 |
| **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 Securities Lending Money Market Fund Agency SL Class Shares, 3.68% (d) (e)(Cost $52,510) | &nbsp;&nbsp; 52510 | &nbsp;&nbsp; 52510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $507,994)<br>|  | &nbsp;&nbsp; 507994 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **SHARES** | **VALUE($)** |
| **Total Investments — 100.0%** <br>**(Cost $305,474,986)**<br>|  | &nbsp;&nbsp; **398680990** |
| **Liabilities in Excess of Other Assets — (0.0)% ^** |  | &nbsp;&nbsp; **(193654)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; **398487336** |

---

&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** |  |
| JSC | Joint Stock Company |
| MYR | Malaysian Ringgit |
| 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) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (c) | The security or a portion of this security is on loan at January 31, 2026. The total value of securities on loan at January 31, 2026 is <br> $49,923.<br>|
| (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 <br> Investment Management Inc.<br>|
| (e) | The rate shown is the current yield as of January 31, 2026. |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 17.2<br> %<br>|
| Metals & Mining | 9.1 |
| Oil, Gas & Consumable Fuels | 7.6 |
| Wireless Telecommunication Services | 4.0 |
| Electric Utilities | 3.8 |
| Diversified Telecommunication Services | 3.6 |
| Food Products | 3.6 |
| Transportation Infrastructure | 3.0 |
| Consumer Staples Distribution & Retail | 2.9 |
| Pharmaceuticals | 2.6 |
| Specialty Retail | 2.5 |
| Independent Power and Renewable Electricity Producers | 2.5 |
| Semiconductors & Semiconductor Equipment | 2.3 |
| Beverages | 2.0 |
| Chemicals | 2.0 |
| IT Services | 1.9 |
| Broadline Retail | 1.7 |
| Construction Materials | 1.5 |
| Industrial Conglomerates | 1.5 |
| Passenger Airlines | 1.5 |
| Gas Utilities | 1.5 |
| Automobiles | 1.5 |
| Real Estate Management & Development | 1.4 |
| Machinery | 1.3 |
| Personal Care Products | 1.0 |
| Insurance | 1.0 |
| Electrical Equipment | 1.0 |
| Others (each less than 1.0%) | 14.4 |
| Short-Term Investments | 0.1 |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 380275 | &nbsp;&nbsp;&nbsp;&nbsp; 28025 |

---

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

---

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

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (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; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3638718 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3638718 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 266345 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 266345 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 45662699 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 45662699 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 11183535 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11183535 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 9474841 | &nbsp;&nbsp;&nbsp;&nbsp; 68548183 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 78023024 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp; 1241418 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1241418 |
| &nbsp;&nbsp;&nbsp; Cyprus | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 273243 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 273243 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2221391 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2221391 |
| &nbsp;&nbsp;&nbsp; Egypt | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1014148 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1014148 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 3875463 | &nbsp;&nbsp;&nbsp;&nbsp; 5315049 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9190512 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; 1142358 | &nbsp;&nbsp;&nbsp;&nbsp; 4737083 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5879441 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 373553 | &nbsp;&nbsp;&nbsp;&nbsp; 34212793 | &nbsp;&nbsp;&nbsp;&nbsp; 37196 | &nbsp;&nbsp;&nbsp;&nbsp; 34623542 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; 963495 | &nbsp;&nbsp;&nbsp;&nbsp; 6173922 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7137417 |
| &nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp;&nbsp; 1196912 | &nbsp;&nbsp;&nbsp;&nbsp; 1535037 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2731949 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; 2437303 | &nbsp;&nbsp;&nbsp;&nbsp; 13430859 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15868162 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 26729094 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26729094 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp; 794810 | &nbsp;&nbsp;&nbsp;&nbsp; 581819 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1376629 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 2960672 | &nbsp;&nbsp;&nbsp;&nbsp; 1627251 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4587923 |
| &nbsp;&nbsp;&nbsp; Romania | &nbsp;&nbsp;&nbsp;&nbsp; 1182870 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1182870 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>|
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13789624 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13789624 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 7719652 | &nbsp;&nbsp;&nbsp;&nbsp; 18941109 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26660761 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; 367077 | &nbsp;&nbsp;&nbsp;&nbsp; 41397854 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 41764931 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; 4730432 | &nbsp;&nbsp;&nbsp;&nbsp; 12160358 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16890790 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 5484624 | &nbsp;&nbsp;&nbsp;&nbsp; 21485652 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26970276 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 6525105 | &nbsp;&nbsp;&nbsp;&nbsp; 11265509 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17790614 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 465327 | &nbsp;&nbsp;&nbsp;&nbsp; 963845 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1429172 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 134511240 | &nbsp;&nbsp;&nbsp;&nbsp; 263579792 | &nbsp;&nbsp;&nbsp;&nbsp; 37196 | &nbsp;&nbsp;&nbsp;&nbsp; 398128228 |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44768 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44768 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 455484 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 455484 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 52510 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 52510 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 507994 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 507994 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $135019234 | &nbsp;&nbsp;&nbsp;&nbsp; $263624560 | &nbsp;&nbsp;&nbsp;&nbsp; $37196 | &nbsp;&nbsp;&nbsp;&nbsp; $398680990 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $28025 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $28025 |

---

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

 <br> (a) Value is zero.

There were no significant transfers into or out of level 3 for the period ended January 31, 2026.

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

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 3.68% (a) (b)<br>| $— | $105550 | $53040 | $— | $— | $52510 | 52510 | $164 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund <br> Class IM Shares, 3.64% (a) (b)<br>| 810808 | 7606834 | 7962158 |  |  | 455484 | 455484 | 5434 |  |
| **Total** | $810808 | $7712384 | $8015198 | $— | $— | $507994 |  | $5598 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

- **a. Name of Series:** JPMorgan 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:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $399882052.21

**Total Liabilities:** $1394716.57

**Net Assets:** $398487335.64

**Cash Not Reported:** $161256.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141386 | 0.91%                | 2.09%                | 6.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4348.07                | $2085970.88                                |
| Month 2  | $1117313.31              | $4456319.67                                |
| Month 3  | $17972.77                | $24191916.20                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tasly Pharmaceutical Group Co. Ltd.                                       | Tasly Pharmaceutical Group Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300JB9F71F58FIC88       | Long             | EC               | CORP              | CN        |    183400 | NS      | $397839.08    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PPB Group Bhd.                                                            | PPB Group Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    208560 | NS      | $596818.89    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Dollar                                                          | Hong Kong Dollar                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HK        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Torrent Power Ltd.                                                        | Torrent Power Ltd.                                                        | CUSIP: N/A<br>LEI: 335800DJYYJQGAH3OX89       | Long             | EC               | CORP              | IN        |     16300 | NS      | $246086.71    | 0.06%             |  |  |  | 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        |    441800 | NS      | $604888.12    | 0.15%             |  |  |  | No            |                  1 | 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        |    455696 | NS      | $708732.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Shougang Co. Ltd.                                                 | Beijing Shougang Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300YR8OUFTTXKZB24       | Long             | EC               | CORP              | CN        |    686200 | NS      | $555766.70    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Speed Mart Retail Holdings Bhd.                                        | 99 Speed Mart Retail Holdings Bhd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    431100 | NS      | $437379.97    | 0.11%             |  |  |  | No            |                  2 | 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        |    213900 | NS      | $810051.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Hava Yollari AO                                                      | Turk Hava Yollari AO                                                      | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    154087 | NS      | $1077779.70   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Petrochemical Corp.                                               | Formosa Petrochemical Corp.                                               | CUSIP: N/A<br>LEI: 529900UWWAOQ8470E792       | Long             | EC               | CORP              | TW        |    242000 | NS      | $411174.67    | 0.10%             |  |  |  | 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        |    214726 | NS      | $1424094.74   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Hua Nan Financial Holdings Co. Ltd.                                       | Hua Nan Financial Holdings Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    349000 | NS      | $367076.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Oil & Retail Business PCL                                             | PTT Oil & Retail Business PCL                                             | CUSIP: N/A<br>LEI: 254900E86F1OANU6B371       | Long             | EC               | CORP              | TH        |   1005300 | NS      | $432961.03    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyadh Cables Group Co.                                                   | Riyadh Cables Group Co.                                                   | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     24085 | NS      | $838274.53    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund                                | JPMorgan U.S. Government Money Market Fund, Class IM                      | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    455484 | NS      | $455484.15    | 0.11%             |  |  |  | No            |                  1 | 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        |     16000 | NS      | $38836.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bukit Asam Tbk. PT                                                        | Bukit Asam Tbk. PT                                                        | CUSIP: N/A<br>LEI: 529900XX13TXG5L4CN33       | Long             | EC               | CORP              | ID        |   2812500 | NS      | $416476.32    | 0.10%             |  |  |  | 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        |     55000 | NS      | $742075.70    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Rupee                                                            | Pakistan Rupee                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PK        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkish Lira                                                              | Turkish Lira                                                              | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | 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        |    547850 | NS      | $962551.82    | 0.24%             |  |  |  | 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        |     89000 | NS      | $99845.65     | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Air Arabia PJSC                                                           | Air Arabia PJSC                                                           | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    760406 | NS      | $1031994.91   | 0.26%             |  |  |  | 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        |    571000 | NS      | $553632.13    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                                    | Taiwan Mobile Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    298000 | NS      | $999204.55    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting Bhd.                                                              | Genting Bhd.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    231800 | NS      | $167964.22    | 0.04%             |  |  |  | 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        |     19247 | NS      | $529105.27    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd.                                                     | Exxaro Resources Ltd.                                                     | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |     84388 | NS      | $963262.61    | 0.24%             |  |  |  | No            |                  1 | 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        |    613300 | NS      | $393743.86    | 0.10%             |  |  |  | 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        |   2441000 | NS      | $2024802.26   | 0.51%             |  |  |  | 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        |   1818421 | NS      | $908176.25    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                                  | Gree Electric Appliances, Inc. of Zhuhai, Class A                         | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |     86300 | NS      | $480010.62    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Celebi Hava Servisi A/S                                                   | Celebi Hava Servisi A/S                                                   | CUSIP: N/A<br>LEI: 789000VEXAHWNEC2HC73       | Long             | EC               | CORP              | TR        |     10173 | NS      | $425522.27    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Divi's Laboratories Ltd.                                                  | Divi's Laboratories Ltd.                                                  | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               | CORP              | IN        |     11417 | NS      | $752166.29    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | YTL Corp. Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | MY        |    212660 | NS      | $31210.79     | 0.01%             |  |  |  | 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        |    153805 | NS      | $612731.02    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                                        | Vodacom Group Ltd.                                                        | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    125997 | NS      | $1174347.03   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                                  | TOTVS SA                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    123421 | NS      | $1046185.13   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                                               | Astra International Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   3235200 | NS      | $1226695.13   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                                                | National Bank of Greece SA                                                | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     73810 | NS      | $1303074.60   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                                   | Vale SA                                                                   | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    307146 | NS      | $4909433.57   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Etihad Etisalat Co.                                                       | Etihad Etisalat Co.                                                       | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     66437 | NS      | $1250218.98   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                                               | Magnit PJSC                                                               | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      7858 | NS      | $0.01         | 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        |    136559 | NS      | $328781.64    | 0.08%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Shanghai Mechanical and Electrical Industry Co. Ltd.                      | Shanghai Mechanical and Electrical Industry Co. Ltd., Class A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    175600 | NS      | $683437.86    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricity Generating PCL                                                | Electricity Generating PCL                                                | CUSIP: N/A<br>LEI: 5299009MZ255FT79SF55       | Long             | EC               | CORP              | TH        |     75200 | NS      | $279858.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Dollar                                                          | Singapore Dollar                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SG        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd.                                                      | Malayan Banking Bhd.                                                      | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    549308 | NS      | $1644012.72   | 0.41%             |  |  |  | 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        |    849000 | NS      | $564735.55    | 0.14%             |  |  |  | No            |                  1 | 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        |     76920 | NS      | $1123165.80   | 0.28%             |  |  |  | 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        |   1952769 | NS      | $750680.89    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangxi Liugong Machinery Co. Ltd.                                        | Guangxi Liugong Machinery Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 8368002I2G890E1Y2387       | Long             | EC               | CORP              | CN        |    211800 | NS      | $345952.77    | 0.09%             |  |  |  | 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      | $6.14         | 0.00%             |  |  |  | No            |                  3 | 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        |    136700 | NS      | $511882.60    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd.                                         | Uni-President China Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900JUA05094TOKA73       | Long             | EC               | CORP              | KY        |    356000 | NS      | $360959.51    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co. JSC                                                           | Almarai Co. JSC                                                           | CUSIP: N/A<br>LEI: 549300B4EDUXYD2G6098       | Long             | EC               | CORP              | SA        |     43973 | NS      | $518723.57    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Carabao Group PCL                                                         | Carabao Group PCL                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    288400 | NS      | $395566.02    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                                         | Eva Airways Corp.                                                         | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    740000 | NS      | $875891.84    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Kwality Wall's India Ltd.                                                 | Kwality Wall's India Ltd.                                                 | CUSIP: N/A<br>LEI: 3358004HTUS7E8UHI349       | Long             | EC               | CORP              | IN        |     89142 | NS      | $37018.34     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                                  | Wuliangye Yibin Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     43500 | NS      | $655539.78    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil India Ltd.                                                            | Oil India Ltd.                                                            | CUSIP: N/A<br>LEI: 335800XXEP14XISP1A16       | Long             | EC               | CORP              | IN        |     38939 | NS      | $216421.17    | 0.05%             |  |  |  | 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        |     37404 | NS      | $254461.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                                               | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     17853 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bangkok Bank PCL                                                          | Bangkok Bank PCL                                                          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    115300 | NS      | $578403.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sok Marketler Ticaret A/S                                                 | Sok Marketler Ticaret A/S                                                 | CUSIP: N/A<br>LEI: 7890005KB5WP0KUURR88       | Long             | EC               | CORP              | TR        |    669537 | NS      | $1000339.78   | 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        |    251606 | NS      | $264277.13    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Seera Group Holding                                                       | Seera Group Holding                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     59920 | NS      | $427906.83    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| M Dias Branco SA                                                          | M Dias Branco SA                                                          | CUSIP: N/A<br>LEI: 894500SZMRHGUL2PHQ60       | Long             | EC               | CORP              | BR        |     82026 | NS      | $385757.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COFCO Sugar Holding Co. Ltd.                                              | COFCO Sugar Holding Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300CAHQDI178WDM76       | Long             | EC               | CORP              | CN        |    304200 | NS      | $775299.08    | 0.19%             |  |  |  | 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        |    590900 | NS      | $570479.06    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Power Synergy PCL                                                  | Global Power Synergy PCL, Class F                                         | CUSIP: N/A<br>LEI: 2549009TMPQXKDVDN395       | Long             | EC               | CORP              | TH        |    318200 | NS      | $357579.28    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| flynas Co. SJSC                                                           | flynas Co. SJSC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     12729 | NS      | $206837.41    | 0.05%             |  |  |  | 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        |     35383 | NS      | $1223766.69   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile SA                                                             | Enel Chile SA                                                             | CUSIP: N/A<br>LEI: 549300YM5CWCAUVOPB53       | Long             | EC               | CORP              | CL        |   8005500 | NS      | $679317.29    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. KSCP                                        | Mobile Telecommunications Co. KSCP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |    577803 | NS      | $959555.62    | 0.24%             |  |  |  | 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        |   1209800 | NS      | $363343.72    | 0.09%             |  |  |  | No            |                  1 | 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        |   1406000 | NS      | $1309537.47   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Banpu PCL                                                                 | Banpu PCL                                                                 | CUSIP: N/A<br>LEI: 529900AJ2Z6SUR6TSW75       | Long             | EC               | CORP              | TH        |   2792900 | NS      | $474952.07    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Power Ltd.                                                          | Adani Power Ltd.                                                          | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |    744042 | NS      | $1095245.49   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanjin International Gold Co. Ltd.                                       | Shanjin International Gold Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 655600QGA2EHH1HUDW82       | Long             | EC               | CORP              | CN        |     80320 | NS      | $386461.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                                                  | JUMBO SA                                                                  | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     30715 | NS      | $911656.95    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Cyprus Holdings plc                                               | Bank of Cyprus Holdings plc                                               | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | IE        |     24765 | NS      | $273242.72    | 0.07%             |  |  |  | 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        |    173300 | NS      | $290519.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan SA                                                                  | Titan SA                                                                  | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |     14364 | NS      | $963845.38    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Electricity & Water Authority PJSC                                  | Dubai Electricity & Water Authority PJSC                                  | CUSIP: N/A<br>LEI: 213800K4OJF8DKATLT41       | Long             | EC               | CORP              | AE        |   1308114 | NS      | $1076134.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Borouge plc                                                               | Borouge plc                                                               | CUSIP: N/A<br>LEI: 2549001Z4YA6WG9MBM08       | Long             | EC               | CORP              | AE        |    670957 | NS      | $476877.78    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                                                 | NMDC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |    606312 | NS      | $534096.04    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Akcansa Cimento A/S                                                       | Akcansa Cimento A/S                                                       | CUSIP: N/A<br>LEI: 789000E4UZB42H2HX767       | Long             | EC               | CORP              | TR        |    115317 | NS      | $516411.88    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk. PT                                            | Sumber Alfaria Trijaya Tbk. PT                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |    104200 | NS      | $10842.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                                   | Sinotruk Hong Kong Ltd.                                                   | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    213000 | NS      | $978134.12    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                                               | Turkiye Garanti Bankasi A/S                                               | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     60853 | NS      | $225867.43    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sichuan Kelun Pharmaceutical Co. Ltd.                                     | Sichuan Kelun Pharmaceutical Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 30030014Z0J8J835FO94       | Long             | EC               | CORP              | CN        |     87200 | NS      | $387725.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | YTL Power International Bhd.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | MY        |     68800 | NS      | $13557.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesian Rupiah                                                         | Indonesian Rupiah                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -4 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile TeleSystems PJSC                                                   | Mobile TeleSystems PJSC                                                   | CUSIP: N/A<br>LEI: 2534008FX8EXH1FMJA74       | Long             | EC               | CORP              | RU        |    120496 | NS      | $0.12         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Anhui Expressway Co. Ltd.                                                 | Anhui Expressway Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 529900UGCN9D11VHIL29       | Long             | EC               | CORP              | CN        |    305500 | NS      | $633147.26    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                                    | Kunlun Energy Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    600000 | NS      | $614749.67    | 0.15%             |  |  |  | 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        |    757500 | NS      | $179279.74    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Huaxin Building Materials Group Co. Ltd.                                  | Huaxin Building Materials Group Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 300300SD5S95ZOS05G37       | Long             | EC               | CORP              | CN        |    167300 | NS      | $398542.39    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jarir Marketing Co.                                                       | Jarir Marketing Co.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |    195791 | NS      | $744852.64    | 0.19%             |  |  |  | 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        |   5472700 | NS      | $692815.74    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwaiti Dinar                                                             | Kuwaiti Dinar                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KW        |     19618 | OU      | $63881.99     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka A/S                                                        | Komercni Banka A/S                                                        | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |      6260 | NS      | $379337.78    | 0.10%             |  |  |  | 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        |     68991 | NS      | $719952.43    | 0.18%             |  |  |  | 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        |    324000 | NS      | $911451.41    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuh Cimento Sanayi A/S                                                    | Nuh Cimento Sanayi A/S                                                    | CUSIP: N/A<br>LEI: 7890004MW0TKBH5J4N45       | Long             | EC               | CORP              | TR        |     49886 | NS      | $275659.53    | 0.07%             |  |  |  | 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        |    107000 | NS      | $5916665.27   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Manila Electric Co.                                                       | Manila Electric Co.                                                       | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |     79320 | NS      | $794809.83    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Foschini Group Ltd.                                                       | Foschini Group Ltd.                                                       | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97       | Long             | EC               | CORP              | ZA        |     96038 | NS      | $501957.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotrans Ltd.                                                            | Sinotrans Ltd., Class A                                                   | CUSIP: N/A<br>LEI: 5299005U1RZLKVFWR249       | Long             | EC               | CORP              | CN        |     60800 | NS      | $52234.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sendas Distribuidora S/A                                                  | Sendas Distribuidora SA                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    211450 | NS      | $345536.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of China Ltd.                                                        | Bank of China Ltd., Class H                                               | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   6056000 | NS      | $3616542.13   | 0.91%             |  |  |  | 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        |    159800 | NS      | $943810.73    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tekfen Holding A/S                                                        | Tekfen Holding A/S                                                        | CUSIP: N/A<br>LEI: 7890005HRE0XXST1BR56       | Long             | EC               | CORP              | TR        |    159689 | NS      | $281834.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd.                                      | Bosideng International Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    904000 | NS      | $551708.01    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Catcher Technology Co. Ltd.                                               | Catcher Technology Co. Ltd.                                               | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     16000 | NS      | $102186.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Growthpoint Properties Ltd.                                               | Growthpoint Properties Ltd.                                               | CUSIP: N/A<br>LEI: 37890019DD1E46632291       | Long             | EC               | CORP              | ZA        |    304490 | NS      | $333636.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Qinhuangdao Port Co. Ltd.                                                 | Qinhuangdao Port Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300L1ZLL78IWY7911       | Long             | EC               | CORP              | CN        |    822900 | NS      | $427961.11    | 0.11%             |  |  |  | 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        |    720000 | NS      | $601872.30    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Nanshan Aluminum Co. Ltd.                                        | Shandong Nanshan Aluminum Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 836800YU5J3RT2VPUO65       | Long             | EC               | CORP              | CN        |    696500 | NS      | $729163.23    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd.                                             | African Rainbow Minerals Ltd.                                             | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     59079 | NS      | $864554.07    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Leejam Sports Co. JSC                                                     | Leejam Sports Co. JSC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      3974 | NS      | $107316.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ A/S                                                                   | CEZ A/S                                                                   | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     20809 | NS      | $1196515.07   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd.                                                       | Mr Price Group Ltd.                                                       | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |     75150 | NS      | $825234.41    | 0.21%             |  |  |  | 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        |   1487100 | NS      | $603898.43    | 0.15%             |  |  |  | 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        |    509500 | NS      | $296621.79    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Offshore Oil Engineering Co. Ltd.                                         | Offshore Oil Engineering Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    317300 | NS      | $304280.93    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Navigation QSC                                                      | Qatar Navigation QSC                                                      | CUSIP: N/A<br>LEI: 25490074EFRBM1MC1K04       | Long             | EC               | CORP              | QA        |    170936 | NS      | $531049.72    | 0.13%             |  |  |  | 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        |     63054 | NS      | $380286.77    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Latam Airlines Group SA                                                   | Latam Airlines Group SA                                                   | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |  47603529 | NS      | $1544419.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                                          | Bajaj Holdings & Investment Ltd.                                          | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |      1319 | NS      | $154950.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| New Mexican Pesos                                                         | New Mexican Pesos                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | MX        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL                                                 | Advanced Info Service PCL                                                 | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    151300 | NS      | $1677977.90   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chengdu Kanghong Pharmaceutical Group Co. Ltd.                            | Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    134900 | NS      | $568639.04    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Yuntianhua Co. Ltd.                                                | Yunnan Yuntianhua Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    133700 | NS      | $733588.46    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| China Motor Corp.                                                         | China Motor Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    156000 | NS      | $274407.62    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                                        | Arab National Bank                                                        | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |     46706 | NS      | $283470.52    | 0.07%             |  |  |  | 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        |    266910 | NS      | $2945082.13   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alupar Investimento SA                                                    | Alupar Investimento SA                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    121742 | NS      | $785357.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                                        | Banco do Brasil SA                                                        | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    133420 | NS      | $637089.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| China National Medicines Corp. Ltd.                                       | China National Medicines Corp. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300OVHIHIM0CJI911       | Long             | EC               | CORP              | CN        |     45300 | NS      | $189160.40    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                                          | Kasikornbank PCL                                                          | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    245700 | NS      | $1467446.14   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                                     | Emaar Properties PJSC                                                     | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    629000 | NS      | $2573046.66   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                                              | Colgate-Palmolive India Ltd.                                              | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |      7520 | NS      | $172912.95    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                                             | Severstal PAO                                                             | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     20498 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Colbun SA                                                                 | Colbun SA                                                                 | CUSIP: N/A<br>LEI: 5493003VQJLE2QB8IF36       | Long             | EC               | CORP              | CL        |   3047776 | NS      | $505038.70    | 0.13%             |  |  |  | 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        |    714949 | NS      | $942530.95    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                                            | Abu Dhabi Commercial Bank PJSC                                            | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    373960 | NS      | $1551147.86   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Charoen Pokphand Foods PCL                                                | Charoen Pokphand Foods PCL                                                | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |   1230500 | NS      | $806037.94    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Newland Digital Technology Co. Ltd.                                       | Newland Digital Technology Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300ZUFD0Z67DVAK44       | Long             | EC               | CORP              | CN        |     61000 | NS      | $238912.85    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Grid Co. - Rosseti PJSC                                           | Federal Grid Co. - Rosseti PJSC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        | 127925624 | NS      | $127.93       | 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        |    223275 | NS      | $623277.44    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                                                | Akbank TAS                                                                | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    119758 | NS      | $256169.67    | 0.06%             |  |  |  | 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        |   1085400 | NS      | $406713.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Moneta Money Bank A/S                                                     | Moneta Money Bank A/S                                                     | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |     64320 | NS      | $645538.12    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Arabian Centres Co.                                                       | Arabian Centres Co.                                                       | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     31544 | NS      | $164393.57    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Yanbu National Petrochemical Co.                                          | Yanbu National Petrochemical Co.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      8716 | NS      | $62779.33     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | MSCI Emerging Markets Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $28025.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatari Rial                                                               | Qatari Rial                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |         0 | OU      | $0.08         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Expressway Corp. Ltd.                                            | Shenzhen Expressway Corp. Ltd.                                            | CUSIP: N/A<br>LEI: 300300TWTZYZK4ZONP37       | Long             | EC               | CORP              | CN        |     85300 | NS      | $111150.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Castrol India Ltd.                                                        | Castrol India Ltd.                                                        | CUSIP: N/A<br>LEI: 335800KCNMKXQFPJ5Q28       | Long             | EC               | CORP              | IN        |     43508 | NS      | $87158.09     | 0.02%             |  |  |  | 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        |    294600 | NS      | $658988.44    | 0.17%             |  |  |  | No            |                  1 | 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        |    191372 | NS      | $203023.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IHH Healthcare Bhd.                                                       | IHH Healthcare Bhd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    217700 | NS      | $494281.40    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                                                 | China Hongqiao Group Ltd.                                                 | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    346000 | NS      | $1582490.53   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud SA                                                               | Cencosud SA                                                               | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    306673 | NS      | $1026536.65   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Co. Ltd.                                                            | Titan Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 549300RO9VJWPK37FE54       | Long             | EC               | CORP              | IN        |      8232 | NS      | $356200.85    | 0.09%             |  |  |  | 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        |    484000 | NS      | $456609.62    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Margun Enerji Uretim Sanayi ve Ticaret A/S                                | Margun Enerji Uretim Sanayi ve Ticaret A/S                                | CUSIP: N/A<br>LEI: 789000B3QEB1DSWS4107       | Long             | EC               | CORP              | TR        |    277028 | NS      | $263096.01    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Megacable Holdings SAB de CV                                              | Megacable Holdings SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    172845 | NS      | $606777.34    | 0.15%             |  |  |  | No            |                  1 | 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        |     89035 | NS      | $469467.32    | 0.12%             |  |  |  | No            |                  1 | 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        |     32500 | NS      | $49527.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Klabin SA                                                                 | Klabin SA                                                                 | CUSIP: N/A<br>LEI: 254900C8UYA6YUPSDU10       | Long             | EC               | CORP              | BR        |    162231 | NS      | $592789.35    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd.                                                                  | ITC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    359030 | NS      | $1258555.71   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMB Holdings Bhd.                                                        | AMMB Holdings Bhd.                                                        | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |    440500 | NS      | $720442.33    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co. Ltd.                                                       | SF Holding Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     80700 | NS      | $434720.77    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Salik Co. PJSC                                                            | Salik Co. PJSC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    581663 | NS      | $1010486.03   | 0.25%             |  |  |  | No            |                  1 | 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        |    584195 | NS      | $1853939.96   | 0.47%             |  |  |  | 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        |    163600 | NS      | $436524.60    | 0.11%             |  |  |  | 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        |    379500 | NS      | $2088051.13   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Bank of India Ltd.                                                  | Union Bank of India Ltd.                                                  | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |     94776 | NS      | $186543.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)                               | Commercial International Bank - Egypt (CIB)                               | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |    355775 | NS      | $1014147.84   | 0.25%             |  |  |  | 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        |     52155 | NS      | $939930.03    | 0.24%             |  |  |  | No            |                  1 | 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        |     18300 | NS      | $67507.48     | 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        |     30846 | NS      | $1027698.26   | 0.26%             |  |  |  | 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        |    914000 | NS      | $555085.99    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd.                                                            | JSW Steel Ltd.                                                            | CUSIP: N/A<br>LEI: 335800EK6HZSC4CVAJ09       | Long             | EC               | CORP              | IN        |     36255 | NS      | $476558.70    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                                                   | ADNOC Drilling Co. PJSC                                                   | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    433758 | NS      | $629524.88    | 0.16%             |  |  |  | No            |                  1 | 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        |    518834 | NS      | $387748.58    | 0.10%             |  |  |  | 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        |    124900 | NS      | $352923.09    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Cement Co.                                                          | Saudi Cement Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     38356 | NS      | $368432.99    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sime Darby Bhd.                                                           | Sime Darby Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1094900 | NS      | $599660.77    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia                                                              | Axia Energia                                                              | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    154867 | NS      | $1597592.41   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SLC Agricola SA                                                           | SLC Agricola SA                                                           | CUSIP: N/A<br>LEI: 54930017BQDYJPIJXG79       | Long             | EC               | CORP              | BR        |     66623 | NS      | $203055.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                                     | Rede D'Or Sao Luiz SA                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     75331 | NS      | $605339.03    | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Nestle India Ltd.                                                         | Nestle India Ltd.                                                         | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |     61587 | NS      | $894437.36    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                  | Itau Unibanco Holding SA (Preference)                                     | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    480790 | NS      | $4132085.26   | 1.04%             |  |  |  | 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        |    116568 | NS      | $933440.32    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Power Corp. SA                                                     | Public Power Corp. SA                                                     | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |     48641 | NS      | $1149684.76   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Industries Qatar QSC                                                      | Industries Qatar QSC                                                      | CUSIP: N/A<br>LEI: 2763E5KI3B6J7HLSFX16       | Long             | EC               | CORP              | QA        |    285254 | NS      | $995672.13    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Huayi Group Co. Ltd.                                             | Shanghai Huayi Group Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    374800 | NS      | $541467.38    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipro PAO                                                                | Unipro PAO                                                                | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |   4941067 | NS      | $4.94         | 0.00%             |  |  |  | No            |                  3 | 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        |     75122 | NS      | $564891.53    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuala Lumpur Kepong Bhd.                                                  | Kuala Lumpur Kepong Bhd.                                                  | CUSIP: N/A<br>LEI: 2549009JSTRFMR7A8D34       | Long             | EC               | CORP              | MY        |     64400 | NS      | $318569.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCOMDIGI Bhd.                                                           | CELCOMDIGI Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    199500 | NS      | $164998.31    | 0.04%             |  |  |  | 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        |    829000 | NS      | $618664.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                                                | Embraer SA                                                                | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |     95209 | NS      | $1751943.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarana Menara Nusantara Tbk. PT                                           | Sarana Menara Nusantara Tbk. PT                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   1492000 | NS      | $46666.67     | 0.01%             |  |  |  | No            |                  1 | 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        |     99000 | NS      | $78833.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Globe Telecom, Inc.                                                       | Globe Telecom, Inc.                                                       | CUSIP: N/A<br>LEI: 254900GPWI1816YIM923       | Long             | EC               | CORP              | PH        |      4103 | NS      | $109960.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Electronics Co.                                                    | United Electronics Co.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     18310 | NS      | $429057.61    | 0.11%             |  |  |  | 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        |    425600 | NS      | $511780.25    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec Ltd.                                                             | Investec Ltd.                                                             | CUSIP: N/A<br>LEI: 213800CU7SM6O4UWOZ70       | Long             | EC               | CORP              | ZA        |     98038 | NS      | $797777.30    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Ryal                                                        | Saudi Arabian Ryal                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SA        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Baroda                                                            | Bank of Baroda                                                            | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |     40387 | NS      | $131614.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinese Renminbi (Yuan)                                                   | Chinese Renminbi (Yuan)                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |     14130 | OU      | $2030.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimegah Bangun Persada Tbk. PT                                           | Trimegah Bangun Persada Tbk. PT                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   3482300 | NS      | $283677.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Investment Bank (The)                                               | Saudi Investment Bank (The)                                               | CUSIP: N/A<br>LEI: 558600V3J4M5TUY9HR70       | Long             | EC               | CORP              | SA        |     36883 | NS      | $137655.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp. PCL                                                            | True Corp. PCL                                                            | CUSIP: N/A<br>LEI: 894500HQD71STX0DQK07       | Long             | EC               | CORP              | TH        |   1783700 | NS      | $656930.50    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB Bank Bhd.                                                             | RHB Bank Bhd.                                                             | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |    551600 | NS      | $1182119.33   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd.                                                                 | NHPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 3358003ZPPTGWT595J46       | Long             | EC               | CORP              | IN        |    222850 | NS      | $189758.08    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SD Guthrie Bhd.                                                           | SD Guthrie Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    723900 | NS      | $1072444.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Leong Bank Bhd.                                                      | Hong Leong Bank Bhd.                                                      | CUSIP: N/A<br>LEI: 549300BUPYUQGB5BFX94       | Long             | EC               | CORP              | MY        |     45100 | NS      | $295145.37    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepkor Holdings Ltd.                                                      | Pepkor Holdings Ltd.                                                      | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |    522614 | NS      | $853938.66    | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| YTL Power International Bhd.                                              | YTL Power International Bhd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    146800 | NS      | $120165.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dong-E-E-Jiao Co. Ltd.                                                    | Dong-E-E-Jiao Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 655600E60FK5WI9EWB37       | Long             | EC               | CORP              | CN        |     50400 | NS      | $366575.23    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Presight AI Holding plc                                                   | Presight AI Holding plc                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    303584 | NS      | $279072.49    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT PCL                                                                   | PTT PCL                                                                   | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |   1542100 | NS      | $1664677.20   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Nahdi Medical Co.                                                         | Nahdi Medical Co.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     11779 | NS      | $309282.10    | 0.08%             |  |  |  | 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        |    114669 | NS      | $203608.86    | 0.05%             |  |  |  | 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        |    460500 | NS      | $781047.99    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Catrion Catering Holding Co.                                              | Catrion Catering Holding Co.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     16172 | NS      | $349281.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RusHydro PJSC                                                             | RusHydro PJSC                                                             | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               | CORP              | RU        |  35715691 | NS      | $35.72        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zhejiang Hisun Pharmaceutical Co. Ltd.                                    | Zhejiang Hisun Pharmaceutical Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: 3003000GJUOZ7ASHZM53       | Long             | EC               | CORP              | CN        |    294400 | NS      | $443871.50    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                                                | Arca Continental SAB de CV                                                | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    109116 | NS      | $1229084.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Malaysian Ringgit                                                         | Malaysian Ringgit                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | MY        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| King Slide Works Co. Ltd.                                                 | King Slide Works Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $1082895.51   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                                              | National Bank of Kuwait SAKP                                              | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |    375279 | NS      | $1162757.86   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                                                       | State Bank of India                                                       | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |     18289 | NS      | $214358.88    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp. Ltd.                                                     | Indian Oil Corp. Ltd.                                                     | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |    361526 | NS      | $642043.07    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Everbright Environment Group Ltd.                                   | China Everbright Environment Group Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    360000 | NS      | $231627.84    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Malaysia Bhd.                                                     | Telekom Malaysia Bhd.                                                     | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    451900 | NS      | $906448.18    | 0.23%             |  |  |  | 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        |   1631395 | NS      | $2628414.89   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianshan Aluminum Group Co. Ltd.                                          | Tianshan Aluminum Group Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300VE52AL1GWYFN04       | Long             | EC               | CORP              | CN        |    227100 | NS      | $607962.70    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Savola Group (The)                                                        | Savola Group (The)                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      9391 | NS      | $59827.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Gudang Garam Tbk. PT                                                      | Gudang Garam Tbk. PT                                                      | CUSIP: N/A<br>LEI: 5299005TDQ8UGGR3AM31       | Long             | EC               | CORP              | ID        |    171300 | NS      | $159716.71    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianjin Port Co. Ltd.                                                     | Tianjin Port Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    637400 | NS      | $442216.22    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerya Enerji A/S                                                         | Enerya Enerji A/S                                                         | CUSIP: N/A<br>LEI: 789000Q4JDFLV7BXZG76       | Long             | EC               | CORP              | TR        |   3159017 | NS      | $720616.47    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Longsheng Group Co. Ltd.                                         | Zhejiang Longsheng Group Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300XYB5YIMVFQA157       | Long             | EC               | CORP              | CN        |    480200 | NS      | $1050122.95   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| HELLENiQ ENERGY Holdings S.A.                                             | HELLENiQ ENERGY Holdings S.A.                                             | CUSIP: N/A<br>LEI: 213800YUBJMZYR1SNG35       | Long             | EC               | CORP              | GR        |     31485 | NS      | $338499.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                                                    | Valterra Platinum Ltd.                                                    | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |     18675 | NS      | $1677914.27   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Zydus Lifesciences Ltd.                                                   | Zydus Lifesciences Ltd.                                                   | CUSIP: N/A<br>LEI: 335800R9O14ORBXLPN13       | Long             | EC               | CORP              | IN        |     20113 | NS      | $193759.49    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Piramal Finance Ltd.                                                      | Piramal Finance Ltd.                                                      | CUSIP: N/A<br>LEI: 335800M751HM7MSTFQ19       | Long             | EC               | CORP              | IN        |      3649 | NS      | $69161.91     | 0.02%             |  |  |  | No            |                  1 | 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        |    462764 | NS      | $1025039.74   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd.                                                        | Nedbank Group Ltd.                                                        | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     75692 | NS      | $1243309.78   | 0.31%             |  |  |  | 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        |    835800 | NS      | $613549.94    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd.                                                    | Shoprite Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     52503 | NS      | $866246.95    | 0.22%             |  |  |  | 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        |    130802 | NS      | $528230.01    | 0.13%             |  |  |  | No            |                  2 | 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        |     52510 | NS      | $52510.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REC Ltd.                                                                  | REC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |    121494 | NS      | $481583.68    | 0.12%             |  |  |  | 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        |    107000 | NS      | $156602.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Fertilizer Co. Ltd.                                                | Taiwan Fertilizer Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    432000 | NS      | $634713.97    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Space42 plc                                                               | Space42 plc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    373107 | NS      | $152522.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                                  | Ambev SA                                                                  | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    594514 | NS      | $1676421.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Auto Ltd.                                                           | Bajaj Auto Ltd.                                                           | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     10999 | NS      | $1148694.91   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Yulon Motor Co. Ltd.                                                      | Yulon Motor Co. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    194000 | NS      | $190770.33    | 0.05%             |  |  |  | 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        |    369300 | NS      | $738482.27    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SinoPac Financial Holdings Co. Ltd.                                       | SinoPac Financial Holdings Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1653349 | NS      | $1497576.91   | 0.38%             |  |  |  | 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        |    476200 | NS      | $497518.13    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                              | Ecopetrol SA                                                              | CUSIP: N/A<br>LEI: 254900IDGKCJICKBPA66       | Long             | EC               | CORP              | CO        |    810766 | NS      | $507703.31    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek, Inc.                                                            | MediaTek, Inc.                                                            | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     55000 | NS      | $3050879.47   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                                             | PhosAgro PJSC                                                             | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      1940 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hindustan Zinc Ltd.                                                       | Hindustan Zinc Ltd.                                                       | CUSIP: N/A<br>LEI: 335800LB39TLJ8YTWM98       | Long             | EC               | CORP              | IN        |     33588 | NS      | $227833.58    | 0.06%             |  |  |  | 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      | $0.54         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vedanta Ltd.                                                              | Vedanta Ltd.                                                              | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    125807 | NS      | $930443.06    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Alsea SAB de CV                                                           | Alsea SAB de CV                                                           | CUSIP: N/A<br>LEI: 4469000001BJLPKNUN21       | Long             | EC               | CORP              | MX        |     27241 | NS      | $83097.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                                          | Fubon Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |    294526 | NS      | $845755.26    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgutneftegas PAO (Preference)                                           | Surgutneftegas PAO (Preference)                                           | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    655737 | NS      | $0.66         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Fuel QSC                                                            | Qatar Fuel QSC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     87135 | NS      | $370939.99    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Canara Bank                                                               | Canara Bank                                                               | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    194726 | NS      | $312534.70    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| New Taiwan Dollar                                                         | New Taiwan Dollar                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |    302836 | OU      | $9622.99      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                                              | Axia Energia (Preference)                                                 | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |     40704 | NS      | $410153.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chang Hwa Commercial Bank Ltd.                                            | Chang Hwa Commercial Bank Ltd.                                            | CUSIP: N/A<br>LEI: 549300FHFNGCSKDTHT42       | Long             | EC               | CORP              | TW        |   1032000 | NS      | $668017.72    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                                           | Mega Financial Holding Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1343694 | NS      | $1652273.72   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                                        | Banco del Bajio SA                                                        | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |    131465 | NS      | $384630.66    | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vibra Energia SA                                                          | Vibra Energia SA                                                          | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    195696 | NS      | $1065725.59   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                                            | OTP Bank Nyrt.                                                            | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     21518 | NS      | $2707653.99   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Elang Mahkota Teknologi Tbk. PT                                           | Elang Mahkota Teknologi Tbk. PT                                           | CUSIP: N/A<br>LEI: 254900EYBP9KM4RW7F31       | Long             | EC               | CORP              | ID        |   5545600 | NS      | $323931.47    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Alamtri Resources Indonesia Tbk. PT                                       | Alamtri Resources Indonesia Tbk. PT                                       | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   1698200 | NS      | $223178.52    | 0.06%             |  |  |  | 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      |
| Prologis Property Mexico SA de CV                                         | Prologis Property Mexico SA de CV                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    148848 | NS      | $682234.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd.                                                         | Petronet LNG Ltd.                                                         | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |     98270 | NS      | $309930.10    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                                               | Bharat Petroleum Corp. Ltd.                                               | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    178715 | NS      | $708524.53    | 0.18%             |  |  |  | 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        |    453600 | NS      | $325118.70    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Manufacturing Co. Ltd.                                              | Giant Manufacturing Co. Ltd.                                              | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |    134000 | NS      | $379507.22    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                                    | Emaar Development PJSC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    228009 | NS      | $1067870.61   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co. Ltd.                                                       | PetroChina Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    488600 | NS      | $774596.28    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Foxconn Industrial Internet Co. Ltd.                                      | Foxconn Industrial Internet Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    141100 | NS      | $1163657.37   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Retail Corp. PCL                                                  | Central Retail Corp. PCL                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    418900 | NS      | $261395.39    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp.                                          | Yang Ming Marine Transport Corp.                                          | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    301000 | NS      | $510710.19    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongshan Broad Ocean Motor Co. Ltd.                                      | Zhongshan Broad Ocean Motor Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    410800 | NS      | $625143.44    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Aluminium Co. Ltd.                                                 | Yunnan Aluminium Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 3003008AXWSVMLG3MX37       | Long             | EC               | CORP              | CN        |    164000 | NS      | $783340.32    | 0.20%             |  |  |  | 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        |   1329992 | NS      | $845738.13    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Chen Corp.                                                            | Pou Chen Corp.                                                            | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |    749000 | NS      | $723970.92    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                                    | Localiza Rent a Car SA (Preference)                                       | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |      4118 | NS      | $36627.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Airlines Ltd.                                                       | China Airlines Ltd.                                                       | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |   1196000 | NS      | $841374.03    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd.                  | Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A         | CUSIP: N/A<br>LEI: 300300IBR8JN06GQOJ17       | Long             | EC               | CORP              | CN        |    553500 | NS      | $387275.64    | 0.10%             |  |  |  | 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        |    127960 | NS      | $390060.45    | 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        |     64815 | NS      | $1014356.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Clicks Group Ltd.                                                         | Clicks Group Ltd.                                                         | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |     35780 | NS      | $712830.26    | 0.18%             |  |  |  | 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        |     11000 | NS      | $62389.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenergy Co. Ltd.                                                         | Shenergy Co. Ltd., Class A                                                | CUSIP: N/A<br>LEI: 300300PA40YYCBW4WW70       | Long             | EC               | CORP              | CN        |    364700 | NS      | $436414.66    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                                    | TIM SA                                                                    | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    229157 | NS      | $1064631.35   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HLA Group Corp. Ltd.                                                      | HLA Group Corp. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    465900 | NS      | $410260.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                                   | Accton Technology Corp.                                                   | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     36000 | NS      | $1258677.14   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                                                | Cipla Ltd.                                                                | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |     63381 | NS      | $913444.87    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                                               | Alrosa PJSC                                                               | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |    200448 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aurobindo Pharma Ltd.                                                     | Aurobindo Pharma Ltd.                                                     | CUSIP: N/A<br>LEI: 335800G4T2A353RDGM23       | Long             | EC               | CORP              | IN        |     22371 | NS      | $294200.26    | 0.07%             |  |  |  | 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        |    155900 | NS      | $199283.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                                               | President Chain Store Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    123000 | NS      | $835191.80    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                                                | Unilever Indonesia Tbk. PT                                                | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |   2637500 | NS      | $302483.62    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd.                                                   | Sibanye Stillwater Ltd.                                                   | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    225112 | NS      | $979779.73    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club, Inc.                                                 | Puregold Price Club, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |    278800 | NS      | $168995.17    | 0.04%             |  |  |  | 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        |     95100 | NS      | $262742.33    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                  | Reliance Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    141050 | NS      | $2143245.66   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd.                                                        | Bidvest Group Ltd.                                                        | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |     77163 | NS      | $1116523.52   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                                              | Dr Reddy's Laboratories Ltd.                                              | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |     56205 | NS      | $743686.05    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitian International Holdings Ltd.                                       | Haitian International Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 30030093DDRS825TVP62       | Long             | EC               | CORP              | KY        |     97000 | NS      | $300068.10    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                                              | Ooredoo QPSC                                                              | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    272928 | NS      | $1064426.70   | 0.27%             |  |  |  | No            |                  1 | 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        |    182200 | NS      | $582956.78    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Empresas CMPC SA                                                          | Empresas CMPC SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CL        |    120131 | NS      | $179956.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wanxiang Qianchao Co. Ltd.                                                | Wanxiang Qianchao Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 300300WMILSKZLS04K91       | Long             | EC               | CORP              | CN        |    436700 | NS      | $1078143.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                                                 | Itausa SA (Preference)                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    777953 | NS      | $2011864.58   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SAL Saudi Logistics Services                                              | SAL Saudi Logistics Services                                              | CUSIP: N/A<br>LEI: 558600FSWKWXDQOMXT65       | Long             | EC               | CORP              | SA        |     10400 | NS      | $499902.88    | 0.13%             |  |  |  | No            |                  2 | 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        |    464000 | NS      | $139441.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                                           | GAIL India Ltd.                                                           | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |    115705 | NS      | $210775.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PLDT, Inc.                                                                | PLDT, Inc.                                                                | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |     13270 | NS      | $302863.58    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co. Ltd.                                                  | ENN Natural Gas Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300KVDMGNQNP52Z98       | Long             | EC               | CORP              | CN        |    119600 | NS      | $335231.55    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasus Hava Tasimaciligi A/S                                             | Pegasus Hava Tasimaciligi A/S                                             | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Long             | EC               | CORP              | TR        |    112737 | NS      | $529355.25    | 0.13%             |  |  |  | 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        |    315145 | NS      | $1690498.71   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Telecom Co.                                                         | Saudi Telecom Co.                                                         | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |    198078 | NS      | $2351342.44   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Torunlar Gayrimenkul Yatirim Ortakligi A/S                                | Torunlar Gayrimenkul Yatirim Ortakligi A/S                                | CUSIP: N/A<br>LEI: 789000AZI3NB7PA5A670       | Long             | EC               | CORP              | TR        |    389716 | NS      | $747888.89    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| M.Video PJSC                                                              | M.Video PJSC                                                              | CUSIP: N/A<br>LEI: 2534003NF2LMLPBUVF11       | Long             | EC               | CORP              | RU        |      8526 | NS      | $0.01         | 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        |    204000 | NS      | $365927.65    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Triangle Tyre Co. Ltd.                                                    | Triangle Tyre Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    173100 | NS      | $384228.86    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Cimsa Cimento Sanayi ve Ticaret A/S                                       | Cimsa Cimento Sanayi ve Ticaret A/S                                       | CUSIP: N/A<br>LEI: 789000AZR4YMJIHZ1145       | Long             | EC               | CORP              | TR        |    129842 | NS      | $153891.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrias Penoles SAB de CV                                              | Industrias Penoles SAB de CV                                              | CUSIP: N/A<br>LEI: 549300WA2HB7776CB324       | Long             | EC               | CORP              | MX        |     28694 | NS      | $1663253.72   | 0.42%             |  |  |  | No            |                  1 | 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        |    940000 | NS      | $497134.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank SA                                                               | Eurobank SA                                                               | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | EC               | CORP              | GR        |    201383 | NS      | $984154.33    | 0.25%             |  |  |  | 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        |    863831 | NS      | $914740.01    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Rupee                                                              | Indian Rupee                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |   1773278 | OU      | $19277.38     | 0.00%             |  |  |  | No            |                  1 | 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        |    683200 | NS      | $995375.46    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                                          | Turkcell Iletisim Hizmetleri A/S                                          | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    402075 | NS      | $1083633.08   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                                    | Petroleo Brasileiro SA (Preference)                                       | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    445522 | NS      | $3188981.76   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                                            | Tata Consultancy Services Ltd.                                            | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     50292 | NS      | $1710335.14   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP                    | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                    | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     62389 | NS      | $1673190.53   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Thai Oil PCL                                                              | Thai Oil PCL                                                              | CUSIP: N/A<br>LEI: 549300HG5527UPZLTT69       | Long             | EC               | CORP              | TH        |    525200 | NS      | $714306.88    | 0.18%             |  |  |  | No            |                  1 | 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        |    248138 | NS      | $1736321.39   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                                     | Aldar Properties PJSC                                                     | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |     32996 | NS      | $86258.53     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                                                | CP ALL PCL                                                                | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    617900 | NS      | $851868.77    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                                     | Banco Santander Chile                                                     | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |  13113051 | NS      | $1153842.84   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                                 | COSCO SHIPPING Ports Ltd.                                                 | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |    334000 | NS      | $264661.82    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Embotelladora Andina SA                                                   | Embotelladora Andina SA (Preference), Class B                             | CUSIP: N/A<br>LEI: 254900NNPKP1J9XTSA53       | Long             | EC               | CORP              | CL        |    159065 | NS      | $835508.56    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Brilliance China Automotive Holdings Ltd.                                 | Brilliance China Automotive Holdings Ltd.                                 | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | BM        |   1638000 | NS      | $846917.53    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                                          | Tata Motors Ltd.                                                          | CUSIP: N/A<br>LEI: 335800ZFUZ3FBKQASV25       | Long             | EC               | CORP              | IN        |     61069 | NS      | $304390.67    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Falabella SA                                                              | Falabella SA                                                              | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |    151848 | NS      | $1178875.56   | 0.30%             |  |  |  | No            |                  1 | 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        |   1031900 | NS      | $634580.63    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera SAB de CV                                                         | Gentera SAB de CV                                                         | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |     83842 | NS      | $233017.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ISA Energia Brasil SA                                                     | Isa Energia Brasil sa (Preference)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     27196 | NS      | $143970.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Grid Co. - Rosseti PJSC                                           | Federal Grid Co. - Rosseti PJSC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |  42872768 | NS      | $0.56         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Brazilian Real                                                            | Brazilian Real                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |         3 | OU      | $0.53         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CGN Power Co. Ltd.                                                        | CGN Power Co. Ltd., Class H                                               | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               | CORP              | CN        |   2582000 | NS      | $1076630.40   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neoenergia SA                                                             | Neoenergia SA                                                             | CUSIP: N/A<br>LEI: 959800B3RXPMGEZ1W429       | Long             | EC               | CORP              | BR        |    136401 | NS      | $839749.64    | 0.21%             |  |  |  | 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        |    637801 | NS      | $513326.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chilean Peso Currency                                                     | Chilean Peso Currency                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CL        |    143887 | OU      | $164.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC Logistics & Services                                                | ADNOC Logistics & Services                                                | CUSIP: N/A<br>LEI: 254900CIXQYSEOFXAB16       | Long             | EC               | CORP              | AE        |    570502 | NS      | $871830.46    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Icecek A/S                                                      | Coca-Cola Icecek A/S                                                      | CUSIP: N/A<br>LEI: 789000WT80VVLUWJDK41       | Long             | EC               | CORP              | TR        |    359822 | NS      | $596458.48    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Phoenix Publishing & Media Corp. Ltd.                             | Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    215200 | NS      | $311845.39    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| China XD Electric Co. Ltd.                                                | China XD Electric Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 300300HKOTURRVW8R464       | Long             | EC               | CORP              | CN        |    390600 | NS      | $811841.24    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                                   | Hindustan Unilever Ltd.                                                   | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     92821 | NS      | $2396413.08   | 0.60%             |  |  |  | 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        |    469608 | NS      | $1023496.04   | 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        |    101800 | NS      | $876370.06    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungarian Forint                                                          | Hungarian Forint                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |         1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp.                                          | China Petroleum & Chemical Corp., Class H                                 | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   2296000 | NS      | $1580118.59   | 0.40%             |  |  |  | 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        |    346700 | NS      | $404079.64    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yutong Bus Co. Ltd.                                                       | Yutong Bus Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |    168900 | NS      | $749798.51    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulermak Agir Sanayi Insaat ve Taahhut A/S                                | Gulermak Agir Sanayi Insaat ve Taahhut A/S                                | CUSIP: N/A<br>LEI: 789000A83N4CAL3HQO13       | Long             | EC               | CORP              | TR        |     51686 | NS      | $231527.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Aisidi Co. Ltd.                                                  | Shenzhen Aisidi Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300NS13SV0ZT4GL27       | Long             | EC               | CORP              | CN        |    281540 | NS      | $517358.86    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Petrol Rafinerileri A/S                                           | Turkiye Petrol Rafinerileri A/S                                           | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    195455 | NS      | $1101404.27   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiger Brands Ltd.                                                         | Tiger Brands Ltd.                                                         | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     46851 | NS      | $974044.92    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong South New Media Co. Ltd.                                        | Guangdong South New Media Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 3003005EVA5GW7PLTK26       | Long             | EC               | CORP              | CN        |     57400 | NS      | $377799.66    | 0.09%             |  |  |  | No            |                  2 | 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        |    460300 | NS      | $448690.67    | 0.11%             |  |  |  | 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        |    363047 | NS      | $995127.30    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                                             | China Construction Bank Corp., Class H                                    | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   5353000 | NS      | $5405086.66   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ZCZL Industrial Technology Group Co. Ltd.                                 | ZCZL Industrial Technology Group Co. Ltd.                                 | CUSIP: N/A<br>LEI: 300300PYAQHLZLU5N973       | Long             | EC               | CORP              | CN        |     53100 | NS      | $188736.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sistema AFK PAO                                                           | Sistema AFK PAO                                                           | CUSIP: N/A<br>LEI: 213800JSZ2UUK4QQK694       | Long             | EC               | CORP              | RU        |    308352 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Youngor Fashion Co. Ltd.                                                  | Youngor Fashion Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300PRWK21S8R8F317       | Long             | EC               | CORP              | CN        |    482800 | NS      | $509946.78    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk. PT                                                   | United Tractors Tbk. PT                                                   | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    368500 | NS      | $574070.61    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| XLSMART Telecom Sejahtera Tbk. PT                                         | XLSMART Telecom Sejahtera Tbk. PT                                         | CUSIP: N/A<br>LEI: 529900GV66NMGZLKFS48       | Long             | EC               | CORP              | ID        |   2312400 | NS      | $454627.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil & Natural Gas Corp. Ltd.                                              | Oil & Natural Gas Corp. Ltd.                                              | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |    269045 | NS      | $788740.46    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                                    | Localiza Rent a Car SA                                                    | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |    107104 | NS      | $985818.78    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                                           | Cemex SAB de CV                                                           | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |   1748822 | NS      | $2173518.76   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombian Peso                                                            | Colombian Peso                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CO        |        -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Petroleum Corp. Ltd.                                            | Hindustan Petroleum Corp. Ltd.                                            | CUSIP: N/A<br>LEI: 335800DWLXIP7HFFY564       | Long             | EC               | CORP              | IN        |     85522 | NS      | $396957.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                                                 | Hypera SA                                                                 | CUSIP: N/A<br>LEI: 25490092WKPBKTIZX403       | Long             | EC               | CORP              | BR        |     69575 | NS      | $332886.51    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                                               | MOL Hungarian Oil & Gas plc                                               | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     90929 | NS      | $1110511.02   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                                                 | SCB X PCL                                                                 | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    293200 | NS      | $1262166.83   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatneft PJSC                                                              | Tatneft PJSC                                                              | CUSIP: N/A<br>LEI: 253400PAT768SVJMV121       | Long             | EC               | CORP              | RU        |     17275 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Midea Group Co. Ltd.                                                      | Midea Group Co. Ltd., Class H                                             | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |     64900 | NS      | $711333.22    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Eclat Textile Co. Ltd.                                                    | Eclat Textile Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     52000 | NS      | $650521.76    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co. Ltd.                                                          | Li Ning Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | KY        |     18000 | NS      | $47069.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                                         | Banco Bradesco SA (Preference)                                            | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    582603 | NS      | $2352441.93   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Foods SAB de CV                                                     | Sigma Foods SAB de CV, Class A                                            | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34       | Long             | EC               | CORP              | MX        |   1006354 | NS      | $995067.36    | 0.25%             |  |  |  | No            |                  1 | 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        |    193116 | NS      | $796173.40    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Zheneng Electric Power Co. Ltd.                                  | Zhejiang Zheneng Electric Power Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 3003007BB94AW2PBWC09       | Long             | EC               | CORP              | CN        |    441100 | NS      | $313530.66    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongjin Gold Corp. Ltd.                                                  | Zhongjin Gold Corp. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300Q0ZK8HFP814Z87       | Long             | EC               | CORP              | CN        |    192900 | NS      | $973746.08    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Nebras Energy                                                             | Nebras Energy                                                             | CUSIP: N/A<br>LEI: 2763MA9U3F8LNMP1G116       | Long             | EC               | CORP              | QA        |    138685 | NS      | $582774.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Ltd.                                                                | CITIC Ltd.                                                                | CUSIP: N/A<br>LEI: 2549006I3Q3M98KHOT11       | Long             | EC               | CORP              | HK        |    724000 | NS      | $1157082.84   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Product Center PCL                                                   | Home Product Center PCL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1266000 | NS      | $284791.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S                           | Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S                           | CUSIP: N/A<br>LEI: 789000X6O430WWEWJ527       | Long             | EC               | CORP              | TR        |    718303 | NS      | $438048.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Chemicals Group Bhd.                                             | Petronas Chemicals Group Bhd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    217300 | NS      | $178391.63    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang NHU Co. Ltd.                                                     | Zhejiang NHU Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: 655600NJSJADB39G3P54       | Long             | EC               | CORP              | CN        |    134200 | NS      | $537508.71    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                                                  | GMK Norilskiy Nickel PAO                                                  | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    308700 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Banco de Chile                                                            | Banco de Chile                                                            | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   6976843 | NS      | $1537759.02   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Pharmacare Holdings Ltd.                                            | Aspen Pharmacare Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 635400ZYSN1IRD5QWQ94       | Long             | EC               | CORP              | ZA        |     31729 | NS      | $211189.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Materials Co. Ltd.                                                | Eternal Materials Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    602000 | NS      | $1169511.94   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenergy Holdings SA                                                       | Cenergy Holdings SA                                                       | CUSIP: N/A<br>LEI: 549300P50MFNOHG4U221       | Long             | EC               | CORP              | BE        |     11594 | NS      | $266344.79    | 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        |     93186 | NS      | $534233.02    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Is Yatirim Menkul Degerler A/S                                            | Is Yatirim Menkul Degerler A/S                                            | CUSIP: N/A<br>LEI: 7890005YQXBTRIYDY554       | Long             | EC               | CORP              | TR        |    344901 | NS      | $381246.40    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                                          | Gold Fields Ltd.                                                          | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     18979 | NS      | $938600.20    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                                                    | Novolipetsk Steel PJSC                                                    | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    155019 | NS      | $0.16         | 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        |     23518 | NS      | $109269.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Egyptian Pound                                                            | Egyptian Pound                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | EG        |       -32 | OU      | $-0.68        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd.                                                 | Guangdong Investment Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    612000 | NS      | $578608.62    | 0.15%             |  |  |  | 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        |     33365 | NS      | $361570.51    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| America Movil SAB de CV                                                   | America Movil SAB de CV, Series B                                         | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   1611069 | NS      | $1665828.38   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaga Nasional Bhd.                                                      | Tenaga Nasional Bhd.                                                      | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    485200 | NS      | $1716693.68   | 0.43%             |  |  |  | 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        |     72000 | NS      | $361549.42    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Meihua Holdings Group Co. Ltd.                                            | Meihua Holdings Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 300300T0DPJPWDP2WE30       | Long             | EC               | CORP              | CN        |    280400 | NS      | $443528.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co.                                                     | Saudi Arabian Oil Co.                                                     | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    272825 | NS      | $1875460.59   | 0.47%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jamjoom Pharmaceuticals Factory Co.                                       | Jamjoom Pharmaceuticals Factory Co.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     13607 | NS      | $507591.65    | 0.13%             |  |  |  | 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        |   6339900 | NS      | $1355219.61   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                                    | Emirates NBD Bank PJSC                                                    | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |     98914 | NS      | $837637.96    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                                            | Bid Corp. Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     44739 | NS      | $1119738.62   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                                            | BB Seguridade Participacoes SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    152438 | NS      | $1083598.04   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPI Rockcastle NV                                                        | NEPI Rockcastle NV                                                        | CUSIP: N/A<br>LEI: 549300FMWM53K9ULYT15       | Long             | EC               | CORP              | NL        |    129439 | NS      | $1182869.93   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GCC SAB de CV                                                             | GCC SAB de CV                                                             | CUSIP: N/A<br>LEI: 254900WY9XL8033CKX68       | Long             | EC               | CORP              | MX        |     43228 | NS      | $465326.81    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                                    | Motiva Infraestrutura de Mobilidade SA                                    | CUSIP: N/A<br>LEI: 254900H4EUL83CCQ6781       | Long             | EC               | CORP              | BR        |    196738 | NS      | $629531.69    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti plc                                                     | Anglogold Ashanti plc                                                     | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     40364 | NS      | $3638718.29   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Financial Holding Co. Ltd.                                         | Cathay Financial Holding Co. Ltd.                                         | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |    456000 | NS      | $1086412.06   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Axiata Group Bhd.                                                         | Axiata Group Bhd.                                                         | CUSIP: N/A<br>LEI: 254900DM0V7OCPDUUC55       | Long             | EC               | CORP              | MY        |    286300 | NS      | $166925.79    | 0.04%             |  |  |  | No            |                  2 | 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        |    487500 | NS      | $392018.12    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                                      | Banco BTG Pactual SA                                                      | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |     86464 | NS      | $981822.93    | 0.25%             |  |  |  | No            |                  1 | 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        |    575700 | NS      | $498891.01    | 0.13%             |  |  |  | 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        |    279400 | NS      | $702458.86    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Americas SA                                                          | Enel Americas SA                                                          | CUSIP: N/A<br>LEI: 549300LKH11TFCJLZK20       | Long             | EC               | CORP              | CL        |   2764166 | NS      | $261001.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Czech Repub. Kronas                                                       | Czech Repub. Kronas                                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CZ        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Transmissora Alianca de Energia Eletrica S/A                              | Transmissora Alianca de Energia Eletrica S/A                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    111353 | NS      | $886338.35    | 0.22%             |  |  |  | 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        |     32160 | NS      | $256943.03    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Gas Bhd.                                                         | Petronas Gas Bhd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    224400 | NS      | $1046289.19   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Bank SA                                                           | Piraeus Bank SA                                                           | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | EC               | CORP              | GR        |    167531 | NS      | $1689940.23   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxis Bhd.                                                                | Maxis Bhd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    741700 | NS      | $719793.67    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| GPS Participacoes e Empreendimentos SA                                    | GPS Participacoes e Empreendimentos SA                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     20558 | NS      | $73204.49     | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Asustek Computer, Inc.                                                    | Asustek Computer, Inc.                                                    | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |     60000 | NS      | $942586.39    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aygaz A/S                                                                 | Aygaz A/S                                                                 | CUSIP: N/A<br>LEI: 7890000PALXE0100Q814       | Long             | EC               | CORP              | TR        |    127641 | NS      | $703849.70    | 0.18%             |  |  |  | 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        |     12400 | NS      | $809379.19    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital Securities Corp.                                                  | Capital Securities Corp.                                                  | CUSIP: N/A<br>LEI: 5493004ZN3KE1X17MG42       | Long             | EC               | CORP              | TW        |    894000 | NS      | $839276.41    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Aramco Base Oil Co.                                                 | Saudi Aramco Base Oil Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     10561 | NS      | $294397.18    | 0.07%             |  |  |  | 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        |       500 | NS      | $1585.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kalbe Farma Tbk. PT                                                       | Kalbe Farma Tbk. PT                                                       | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |    463000 | NS      | $31579.81     | 0.01%             |  |  |  | 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        |    454547 | NS      | $1021328.05   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                                           | Lojas Renner SA                                                           | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    354150 | NS      | $1008732.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| YTL Corp. Bhd.                                                            | YTL Corp. Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    255500 | NS      | $134720.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Osotspa PCL                                                               | Osotspa PCL                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    832300 | NS      | $465204.41    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd.                                                  | Woolworths Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |    248510 | NS      | $833199.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.                                    | Yangzijiang Shipbuilding Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    435400 | NS      | $1143496.82   | 0.29%             |  |  |  | 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        |      9884 | NS      | $31015.98     | 0.01%             |  |  |  | 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        |    312000 | NS      | $627931.06    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Credito e Inversiones SA                                         | Banco de Credito e Inversiones SA                                         | CUSIP: N/A<br>LEI: 549300E9E5Y3PKW24142       | Long             | EC               | CORP              | CL        |      8812 | NS      | $655411.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd.                                             | Impala Platinum Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     74161 | NS      | $1382305.37   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Russian Roubles                                                           | Russian Roubles                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | RU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujian Funeng Co. Ltd.                                                    | Fujian Funeng Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 300300TDQOLNFB5F7X23       | Long             | EC               | CORP              | CN        |    268500 | NS      | $351667.12    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Rostelecom PJSC                                                           | Rostelecom PJSC                                                           | CUSIP: N/A<br>LEI: 2534001D752JPNM0H170       | Long             | EC               | CORP              | RU        |    157186 | NS      | $0.16         | 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        |   1232700 | NS      | $1116540.60   | 0.28%             |  |  |  | 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        |    374337 | NS      | $978452.05    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                                          | China Feihe Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    933000 | NS      | $463451.40    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                                        | Sun Pharmaceutical Industries Ltd.                                        | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     55176 | NS      | $957498.22    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                                                           | Tata Steel Ltd.                                                           | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |    495804 | NS      | $1034920.27   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Global plc                                                        | Agility Global plc                                                        | CUSIP: N/A<br>LEI: 254900GCYJAY76VZD570       | Long             | EC               | CORP              | AE        |    645697 | NS      | $237356.28    | 0.06%             |  |  |  | No            |                  1 | 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        |    909400 | NS      | $431537.31    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co. for Distribution PJSC                          | Abu Dhabi National Oil Co. for Distribution PJSC                          | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |    543341 | NS      | $606589.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uni-President Enterprises Corp.                                           | Uni-President Enterprises Corp.                                           | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    623000 | NS      | $1417340.18   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| TMBThanachart Bank PCL                                                    | TMBThanachart Bank PCL                                                    | CUSIP: N/A<br>LEI: 549300WKGLXEV3DB7I54       | Long             | EC               | CORP              | TH        |   9321000 | NS      | $597535.54    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                                      | Telefonica Brasil SA                                                      | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    171059 | NS      | $1213039.17   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin SA                                                                 | Klabin SA (Preference)                                                    | CUSIP: N/A<br>LEI: 254900C8UYA6YUPSDU10       | Long             | EC               | CORP              | BR        |         3 | NS      | $2.20         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Telekomunikasyon A/S                                                 | Turk Telekomunikasyon A/S                                                 | CUSIP: N/A<br>LEI: 789000A2TXOI10JZLF90       | Long             | EC               | CORP              | TR        |    594885 | NS      | $906220.46    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                                   | OPAP SA                                                                   | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     46418 | NS      | $935366.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MBRF Global Foods Co. SA                                                  | MBRF Global Foods Co. SA                                                  | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92       | Long             | EC               | CORP              | BR        |    259081 | NS      | $929939.69    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Breweries Ltd.                                                     | United Breweries Ltd.                                                     | CUSIP: N/A<br>LEI: 335800ADAMN6EW1GCZ31       | Long             | EC               | CORP              | IN        |      2957 | NS      | $47255.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd.                                                              | Naspers Ltd., Class N                                                     | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |     65037 | NS      | $3981907.39   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd.                                            | Geely Automobile Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    262000 | NS      | $539325.40    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co.                                             | Mouwasat Medical Services Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     16639 | NS      | $308847.05    | 0.08%             |  |  |  | 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        |    223580 | NS      | $505453.87    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Mesaieed Petrochemical Holding Co.                                        | Mesaieed Petrochemical Holding Co.                                        | CUSIP: N/A<br>LEI: 2763NLQLXUEYYXDUAV36       | Long             | EC               | CORP              | QA        |    231262 | NS      | $69512.97     | 0.02%             |  |  |  | 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        |    774799 | NS      | $707328.16    | 0.18%             |  |  |  | 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        |      2909 | NS      | $57405.90     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dabur India Ltd.                                                          | Dabur India Ltd.                                                          | CUSIP: N/A<br>LEI: 335800MJPUA2E1FSFL38       | Long             | EC               | CORP              | IN        |     67209 | NS      | $370332.84    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GUR-Sel Turizm Tasimacilik ve Servis Ticaret A/S                          | GUR-Sel Turizm Tasimacilik ve Servis Ticaret A/S                          | CUSIP: N/A<br>LEI: 789000AHYIO1J2JGF781       | Long             | EC               | CORP              | TR        |     46939 | NS      | $410434.26    | 0.10%             |  |  |  | No            |                  1 | 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      | $0.33         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Harmony Gold Mining Co. Ltd.                                              | Harmony Gold Mining Co. Ltd.                                              | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     75139 | NS      | $1596596.32   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Cervecerias Unidas SA                                                 | Cia Cervecerias Unidas SA                                                 | CUSIP: N/A<br>LEI: 529900BJW9B0O6LI2R39       | Long             | EC               | CORP              | CL        |     65866 | NS      | $483621.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Polish Zloty - New                                                        | Polish Zloty - New                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Rand                                                        | South African Rand                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ZA        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ratch Group PCL                                                           | Ratch Group PCL                                                           | CUSIP: N/A<br>LEI: 2138004IGHN9UQGDSH20       | Long             | EC               | CORP              | TH        |     98200 | NS      | $96723.89     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Uab Dirham                                                                | Uab Dirham                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindalco Industries Ltd.                                                  | Hindalco Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     27521 | NS      | $286474.66    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd.                                                       | Kumba Iron Ore Ltd.                                                       | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     24286 | NS      | $541234.08    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. Saudi Arabia                                | Mobile Telecommunications Co. Saudi Arabia                                | CUSIP: N/A<br>LEI: 254900XHCET9KD2D4R78       | Long             | EC               | CORP              | SA        |    156745 | NS      | $462464.80    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                                                 | Gerdau SA (Preference)                                                    | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    196250 | NS      | $832694.41    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co. Ltd.                                                 | Chunghwa Telecom Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    436000 | NS      | $1848833.97   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd.                                                         | Indus Towers Ltd.                                                         | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    118066 | NS      | $572719.64    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Magyar Telekom Telecommunications plc                                     | Magyar Telekom Telecommunications plc                                     | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    148129 | NS      | $918918.41    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                                      | Richter Gedeon Nyrt.                                                      | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     34131 | NS      | $1142357.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Glenmark Pharmaceuticals Ltd.                                             | Glenmark Pharmaceuticals Ltd.                                             | CUSIP: N/A<br>LEI: 335800WKECZXIIT9GK20       | Long             | EC               | CORP              | IN        |      9151 | NS      | $200738.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Transsion Holdings Co. Ltd.                                      | Shenzhen Transsion Holdings Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 300300PDJRSNMVF0VJ83       | Long             | EC               | CORP              | CN        |      3201 | NS      | $26637.38     | 0.01%             |  |  |  | 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        |    278776 | NS      | $3142850.05   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulker Biskuvi Sanayi A/S                                                  | Ulker Biskuvi Sanayi A/S                                                  | CUSIP: N/A<br>LEI: 7890009HEU9BS7J3DA93       | Long             | EC               | CORP              | TR        |    152051 | NS      | $474414.50    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mavi Giyim Sanayi ve Ticaret A/S                                          | Mavi Giyim Sanayi ve Ticaret A/S, Class B                                 | CUSIP: N/A<br>LEI: 7890004V7753Z4N1L403       | Long             | EC               | CORP              | TR        |    517509 | NS      | $576127.00    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd.                                       | Press Metal Aluminium Holdings Bhd.                                       | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |    687800 | NS      | $1318465.41   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting Malaysia Bhd.                                                     | Genting Malaysia Bhd.                                                     | CUSIP: N/A<br>LEI: 254900LABBWDEDUVRB07       | Long             | EC               | CORP              | MY        |    793400 | NS      | $398553.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen C & D, Inc.                                                        | Xiamen C & D, Inc., Class A                                               | CUSIP: N/A<br>LEI: 300300NQXZDZZ0OSCN43       | Long             | EC               | CORP              | CN        |    240300 | NS      | $329350.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CPFL Energia SA                                                           | CPFL Energia SA                                                           | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     94652 | NS      | $919946.76    | 0.23%             |  |  |  | No            |                  1 | 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        |     90478 | NS      | $948890.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                                     | HCL Technologies Ltd.                                                     | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     75361 | NS      | $1390608.18   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Public Warehousing Co. KSCC                                       | Agility Public Warehousing Co. KSCC                                       | CUSIP: N/A<br>LEI: 549300C16Q6C2NMAI063       | Long             | EC               | CORP              | KW        |    849156 | NS      | $372278.90    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Passenger Vehicles Ltd.                                       | Tata Motors Passenger Vehicles Ltd.                                       | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |    108174 | NS      | $412238.40    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                                      | EURO                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |         0 | OU      | $0.05         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                              | Infosys Ltd.                                                              | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    228977 | NS      | $4095547.57   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd.                                                                  | UPL Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     13249 | NS      | $101513.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                                           | Porto Seguro SA                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     88315 | NS      | $841406.89    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC Group PJSC                                                           | NMDC Group PJSC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    121910 | NS      | $682496.83    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Paranaense de Energia - Copel                                         | Cia Paranaense de Energia - Copel                                         | CUSIP: N/A<br>LEI: 2549001AS1I9A71VG663       | Long             | EC               | CORP              | BR        |    395772 | NS      | $992673.11    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                                           | Grupo Cibest SA (Preference)                                              | CUSIP: N/A<br>LEI: 529900OSSJBGZREZ2C28       | Long             | EC               | CORP              | CO        |     36070 | NS      | $733715.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA                               | Hellenic Telecommunications Organization SA                               | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     45523 | NS      | $853803.87    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd.                                                           | Coal India Ltd.                                                           | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |     52469 | NS      | $251687.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd.                                                            | MTN Group Ltd.                                                            | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    195472 | NS      | $2170633.55   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Motor Oil Hellas Corinth Refineries SA                                    | Motor Oil Hellas Corinth Refineries SA                                    | CUSIP: N/A<br>LEI: 213800U3Y9UL7Y4QVM11       | Long             | EC               | CORP              | GR        |     25441 | NS      | $1024330.78   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret A/S                                                        | Migros Ticaret A/S                                                        | CUSIP: N/A<br>LEI: 789000L1JHPL1R9B2J15       | Long             | EC               | CORP              | TR        |     53628 | NS      | $785491.65    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding plc                                                       | Talabat Holding plc                                                       | CUSIP: N/A<br>LEI: 529900MAA20AIKRXOA24       | Long             | EC               | CORP              | AE        |   1791022 | NS      | $453916.35    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                                  | CIMB Group Holdings Bhd.                                                  | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    645100 | NS      | $1405488.01   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CSN Mineracao SA                                                          | CSN Mineracao SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    769201 | NS      | $863802.75    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dubai Islamic Bank PJSC                                                   | Dubai Islamic Bank PJSC                                                   | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    489822 | NS      | $1288612.80   | 0.32%             |  |  |  | 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        |    124105 | NS      | $203217.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Enterprises Holdings Ltd.                                         | Beijing Enterprises Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |     91000 | NS      | $412227.29    | 0.10%             |  |  |  | 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        |     68574 | NS      | $1046488.25   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| International Games System Co. Ltd.                                       | International Games System Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     30000 | NS      | $681284.85    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S     | Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    181509 | NS      | $666460.47    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel Ltd.                                                         | Jindal Steel Ltd.                                                         | CUSIP: N/A<br>LEI: 335800UIKQBF6QO2NP15       | Long             | EC               | CORP              | IN        |     25475 | NS      | $312156.38    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                                 | NTPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    299972 | NS      | $1162259.35   | 0.29%             |  |  |  | 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        |   1344104 | NS      | $1830980.50   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                                   | Minor International PCL                                                   | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |    761600 | NS      | $552146.22    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Empresas Copec SA                                                         | Empresas Copec SA                                                         | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               | CORP              | CL        |     57738 | NS      | $492256.05    | 0.12%             |  |  |  | No            |                  1 | 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        |     31600 | NS      | $20232.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                                          | PTT Exploration & Production PCL                                          | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    288200 | NS      | $1125662.19   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Metalurgica Gerdau SA                                                     | Metalurgica Gerdau SA (Preference)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    325424 | NS      | $607841.51    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pasifik Eurasia Lojistik Dis Ticaret A/S                                  | Pasifik Eurasia Lojistik Dis Ticaret A/S                                  | CUSIP: N/A<br>LEI: 789000Z7WGJJL43HVP51       | Long             | EC               | CORP              | TR        |    123714 | NS      | $422460.25    | 0.11%             |  |  |  | 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        |  11820615 | NS      | $649989.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer