# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-066060
**Filing Date:** 2023-3
**Character Count:** 142845
**Document Hash:** cefc9ec328c01fc5b21f2a1c208c92c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066060.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066060

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23761649

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

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

## Series and Classes Contracts Data

### JPMorgan U.S. Quality Factor ETF (Series ID: S000059315)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000194674 | JPMorgan U.S. Quality Factor ETF | JQUA            |

## Nport-Ex

**JPMorgan U.S. Quality Factor ETF**

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

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2023. |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — 99.8%** | **Common Stocks — 99.8%** | **Common Stocks — 99.8%** |
| **Aerospace & Defense — 0.7%** | **Aerospace & Defense — 0.7%** | **Aerospace & Defense — 0.7%** |
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | 11882 | 5504455 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc. | 12188 | 1318132 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., Class B | 3081 | 570694 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1888826 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A (Panama) \* (a) | 14969 | 1378346 |
| **Auto Components — 0.1%** | **Auto Components — 0.1%** | **Auto Components — 0.1%** |
| &nbsp;&nbsp;&nbsp; Gentex Corp. | 40644 | 1199404 |
| **Banks — 0.4%** | **Banks — 0.4%** | **Banks — 0.4%** |
| &nbsp;&nbsp;&nbsp; Bank of Hawaii Corp. (a) | 11231 | 859059 |
| &nbsp;&nbsp;&nbsp; Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26278 | &nbsp;&nbsp;&nbsp;&nbsp; 1749064 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882406 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3490529 |
| **Beverages — 0.8%** | **Beverages — 0.8%** | **Beverages — 0.8%** |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp., Class B (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26296 | &nbsp;&nbsp;&nbsp;&nbsp; 1750788 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69684 | &nbsp;&nbsp;&nbsp;&nbsp; 4273023 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6023811 |
| **Biotechnology — 4.6%** | **Biotechnology — 4.6%** | **Biotechnology — 4.6%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73065 | &nbsp;&nbsp; 10795354 |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24724 | &nbsp;&nbsp;&nbsp;&nbsp; 6240337 |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7565 | &nbsp;&nbsp;&nbsp;&nbsp; 2200658 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58105 | &nbsp;&nbsp;&nbsp;&nbsp; 4877334 |
| &nbsp;&nbsp;&nbsp; Moderna, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19528 | &nbsp;&nbsp;&nbsp;&nbsp; 3438100 |
| &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4644 | &nbsp;&nbsp;&nbsp;&nbsp; 3522335 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14153 | &nbsp;&nbsp;&nbsp;&nbsp; 4572834 |
|  |  | &nbsp;&nbsp; 35646952 |
| **Building Products — 0.3%** | **Building Products — 0.3%** | **Building Products — 0.3%** |
| &nbsp;&nbsp;&nbsp; A O Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17345 | &nbsp;&nbsp;&nbsp;&nbsp; 1174257 |
| &nbsp;&nbsp;&nbsp; Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12335 | &nbsp;&nbsp;&nbsp;&nbsp; 1449979 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2624236 |
| **Capital Markets — 3.5%** | **Capital Markets — 3.5%** | **Capital Markets — 3.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6525 | &nbsp;&nbsp;&nbsp;&nbsp; 4953845 |
| &nbsp;&nbsp;&nbsp; FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4704 | &nbsp;&nbsp;&nbsp;&nbsp; 1989510 |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25622 | &nbsp;&nbsp;&nbsp;&nbsp; 2755646 |
| &nbsp;&nbsp;&nbsp; MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974754 |
| &nbsp;&nbsp;&nbsp; Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11137 | &nbsp;&nbsp;&nbsp;&nbsp; 3594467 |
| &nbsp;&nbsp;&nbsp; Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364563 |
| &nbsp;&nbsp;&nbsp; Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35698 | &nbsp;&nbsp;&nbsp;&nbsp; 2148663 |
| &nbsp;&nbsp;&nbsp; S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16503 | &nbsp;&nbsp;&nbsp;&nbsp; 6187635 |
| &nbsp;&nbsp;&nbsp; SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28496 | &nbsp;&nbsp;&nbsp;&nbsp; 1779005 |
| &nbsp;&nbsp;&nbsp; T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15405 | &nbsp;&nbsp;&nbsp;&nbsp; 1794220 |
| &nbsp;&nbsp;&nbsp; Virtu Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681797 |
|  |  | &nbsp;&nbsp; 27224105 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chemicals — 1.0%** | **Chemicals — 1.0%** | **Chemicals — 1.0%** |
| &nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. | 22242 | 1883897 |
| &nbsp;&nbsp;&nbsp; Linde plc (United Kingdom) | 19090 | 6317645 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8201542 |
| **Commercial Services & Supplies — 1.9%** | **Commercial Services & Supplies — 1.9%** | **Commercial Services & Supplies — 1.9%** |
| &nbsp;&nbsp;&nbsp; Cintas Corp. | 6632 | 2942884 |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc. \* | 10139 | 1321112 |
| &nbsp;&nbsp;&nbsp; Copart, Inc. \* | 39129 | 2606383 |
| &nbsp;&nbsp;&nbsp; Republic Services, Inc. | 18793 | 2345742 |
| &nbsp;&nbsp;&nbsp; Rollins, Inc. | 47085 | 1713894 |
| &nbsp;&nbsp;&nbsp; Waste Management, Inc. | 24573 | 3802180 |
|  |  | &nbsp;&nbsp; 14732195 |
| **Communications Equipment — 1.5%** | **Communications Equipment — 1.5%** | **Communications Equipment — 1.5%** |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 164377 | &nbsp;&nbsp;&nbsp;&nbsp; 8000229 |
| &nbsp;&nbsp;&nbsp; F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7176 | &nbsp;&nbsp;&nbsp;&nbsp; 1059608 |
| &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5277 | &nbsp;&nbsp;&nbsp;&nbsp; 1356242 |
| &nbsp;&nbsp;&nbsp; Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4315 | &nbsp;&nbsp;&nbsp;&nbsp; 1260670 |
|  |  | &nbsp;&nbsp; 11676749 |
| **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| &nbsp;&nbsp;&nbsp; Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545609 |
| **Distributors — 0.3%** | **Distributors — 0.3%** | **Distributors — 0.3%** |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13599 | &nbsp;&nbsp;&nbsp;&nbsp; 2282184 |
| **Diversified Consumer Services — 0.4%** | **Diversified Consumer Services — 0.4%** | **Diversified Consumer Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; Grand Canyon Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15329 | &nbsp;&nbsp;&nbsp;&nbsp; 1786748 |
| &nbsp;&nbsp;&nbsp; H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39547 | &nbsp;&nbsp;&nbsp;&nbsp; 1541542 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3328290 |
| **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46708 | &nbsp;&nbsp; 14550476 |
| **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 111977 | &nbsp;&nbsp;&nbsp;&nbsp; 2280971 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 143907 | &nbsp;&nbsp;&nbsp;&nbsp; 5982214 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8263185 |
| **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989620 |
| &nbsp;&nbsp;&nbsp; Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 867803 |
| &nbsp;&nbsp;&nbsp; IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11236 | &nbsp;&nbsp;&nbsp;&nbsp; 1188881 |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70894 | &nbsp;&nbsp;&nbsp;&nbsp; 5290819 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44665 | &nbsp;&nbsp;&nbsp;&nbsp; 1528436 |
| &nbsp;&nbsp;&nbsp; OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949028 |
|  |  | &nbsp;&nbsp; 10814587 |
| **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| &nbsp;&nbsp;&nbsp; Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650960 |
| **Electronic Equipment, Instruments & Components — 0.8%** | **Electronic Equipment, Instruments & Components — 0.8%** | **Electronic Equipment, Instruments & Components — 0.8%** |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17386 | &nbsp;&nbsp;&nbsp;&nbsp; 1386881 |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31473 | &nbsp;&nbsp;&nbsp;&nbsp; 1089281 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Electronic Equipment, Instruments & Components — continued** | **Electronic Equipment, Instruments & Components — continued** | **Electronic Equipment, Instruments & Components — continued** |
| &nbsp;&nbsp;&nbsp; IPG Photonics Corp. \* | 7959 | 892204 |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc. \* | 15344 | 2751946 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6120312 |
| **Entertainment — 1.3%** | **Entertainment — 1.3%** | **Entertainment — 1.3%** |
| &nbsp;&nbsp;&nbsp; Activision Blizzard, Inc. | 44825 | 3432250 |
| &nbsp;&nbsp;&nbsp; Electronic Arts, Inc. | 20315 | 2614134 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. \* | 21399 | 1722406 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp. | 2390 | 434598 |
| &nbsp;&nbsp;&nbsp; World Wrestling Entertainment, Inc., Class A (a) | 21170 | 1791405 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9994793 |
| **Equity Real Estate Investment Trusts (REITs) — 2.7%** | **Equity Real Estate Investment Trusts (REITs) — 2.7%** | **Equity Real Estate Investment Trusts (REITs) — 2.7%** |
| &nbsp;&nbsp;&nbsp; Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10039 | &nbsp;&nbsp;&nbsp;&nbsp; 1236905 |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12460 | &nbsp;&nbsp;&nbsp;&nbsp; 1845451 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20695 | &nbsp;&nbsp;&nbsp;&nbsp; 1485487 |
| &nbsp;&nbsp;&nbsp; Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 848454 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12169 | &nbsp;&nbsp;&nbsp;&nbsp; 1920633 |
| &nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770461 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87236 | &nbsp;&nbsp;&nbsp;&nbsp; 1644399 |
| &nbsp;&nbsp;&nbsp; Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18336 | &nbsp;&nbsp;&nbsp;&nbsp; 1953517 |
| &nbsp;&nbsp;&nbsp; Life Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955290 |
| &nbsp;&nbsp;&nbsp; Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9634 | &nbsp;&nbsp;&nbsp;&nbsp; 2932011 |
| &nbsp;&nbsp;&nbsp; Rayonier, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871104 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18445 | &nbsp;&nbsp;&nbsp;&nbsp; 2369445 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75555 | &nbsp;&nbsp;&nbsp;&nbsp; 2601359 |
|  |  | &nbsp;&nbsp; 21434516 |
| **Food & Staples Retailing — 1.3%** | **Food & Staples Retailing — 1.3%** | **Food & Staples Retailing — 1.3%** |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19757 | &nbsp;&nbsp; 10098593 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; General Mills, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670291 |
| &nbsp;&nbsp;&nbsp; Hershey Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9756 | &nbsp;&nbsp;&nbsp;&nbsp; 2191198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2861489 |
| **Gas Utilities — 0.3%** | **Gas Utilities — 0.3%** | **Gas Utilities — 0.3%** |
| &nbsp;&nbsp;&nbsp; National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27554 | &nbsp;&nbsp;&nbsp;&nbsp; 1599785 |
| &nbsp;&nbsp;&nbsp; UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2329710 |
| **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50362 | &nbsp;&nbsp;&nbsp;&nbsp; 5567519 |
| &nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37336 | &nbsp;&nbsp;&nbsp;&nbsp; 2863671 |
| &nbsp;&nbsp;&nbsp; Enovis Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446630 |
| &nbsp;&nbsp;&nbsp; Hologic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24620 | &nbsp;&nbsp;&nbsp;&nbsp; 2003329 |
| &nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5856 | &nbsp;&nbsp;&nbsp;&nbsp; 2813808 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687620 |
| &nbsp;&nbsp;&nbsp; ResMed, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15301 |
|  |  | &nbsp;&nbsp; 14397878 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Health Care Providers & Services — 0.9%** | **Health Care Providers & Services — 0.9%** | **Health Care Providers & Services — 0.9%** |
| &nbsp;&nbsp;&nbsp; Chemed Corp. | 3505 | 1770516 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc. \* | 13760 | 1133686 |
| &nbsp;&nbsp;&nbsp; McKesson Corp. | 9129 | 3456970 |
| &nbsp;&nbsp;&nbsp; Premier, Inc., Class A | 10820 | 360955 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6722127 |
| **Hotels, Restaurants & Leisure — 4.3%** | **Hotels, Restaurants & Leisure — 4.3%** | **Hotels, Restaurants & Leisure — 4.3%** |
| &nbsp;&nbsp;&nbsp; Airbnb, Inc., Class A \* | 11822 | 1313542 |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. \* | 2210 | 5379361 |
| &nbsp;&nbsp;&nbsp; Boyd Gaming Corp. | 16754 | 1043942 |
| &nbsp;&nbsp;&nbsp; Choice Hotels International, Inc. | 13964 | 1716036 |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc. \* | 20257 | 2315375 |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19222 | &nbsp;&nbsp;&nbsp;&nbsp; 3348088 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32241 | &nbsp;&nbsp;&nbsp;&nbsp; 8621243 |
| &nbsp;&nbsp;&nbsp; Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57074 | &nbsp;&nbsp;&nbsp;&nbsp; 6229056 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913533 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22654 | &nbsp;&nbsp;&nbsp;&nbsp; 2956574 |
|  |  | &nbsp;&nbsp; 33836750 |
| **Household Durables — 0.3%** | **Household Durables — 0.3%** | **Household Durables — 0.3%** |
| &nbsp;&nbsp;&nbsp; NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432 | &nbsp;&nbsp;&nbsp;&nbsp; 2276640 |
| **Household Products — 2.6%** | **Household Products — 2.6%** | **Household Products — 2.6%** |
| &nbsp;&nbsp;&nbsp; Church & Dwight Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14269 | &nbsp;&nbsp;&nbsp;&nbsp; 1153791 |
| &nbsp;&nbsp;&nbsp; Clorox Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11579 | &nbsp;&nbsp;&nbsp;&nbsp; 1675366 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48023 | &nbsp;&nbsp;&nbsp;&nbsp; 3579154 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7704 | &nbsp;&nbsp;&nbsp;&nbsp; 1001597 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92177 | &nbsp;&nbsp; 13124161 |
|  |  | &nbsp;&nbsp; 20534069 |
| **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28846 | &nbsp;&nbsp;&nbsp;&nbsp; 3319598 |
| &nbsp;&nbsp;&nbsp; Honeywell International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734058 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4053656 |
| **Insurance — 5.0%** | **Insurance — 5.0%** | **Insurance — 5.0%** |
| &nbsp;&nbsp;&nbsp; Aflac, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44792 | &nbsp;&nbsp;&nbsp;&nbsp; 3292212 |
| &nbsp;&nbsp;&nbsp; Aon plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12767 | &nbsp;&nbsp;&nbsp;&nbsp; 4068588 |
| &nbsp;&nbsp;&nbsp; Arch Capital Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37600 | &nbsp;&nbsp;&nbsp;&nbsp; 2419560 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15615 | &nbsp;&nbsp;&nbsp;&nbsp; 3056168 |
| &nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31595 | &nbsp;&nbsp;&nbsp;&nbsp; 1850203 |
| &nbsp;&nbsp;&nbsp; Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15744 | &nbsp;&nbsp;&nbsp;&nbsp; 3581603 |
| &nbsp;&nbsp;&nbsp; Erie Indemnity Co., Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6275 | &nbsp;&nbsp;&nbsp;&nbsp; 1533296 |
| &nbsp;&nbsp;&nbsp; Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31018 | &nbsp;&nbsp;&nbsp;&nbsp; 1365722 |
| &nbsp;&nbsp;&nbsp; Globe Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15543 | &nbsp;&nbsp;&nbsp;&nbsp; 1878371 |
| &nbsp;&nbsp;&nbsp; Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459052 |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27529 | &nbsp;&nbsp;&nbsp;&nbsp; 4815097 |
| &nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23423 | &nbsp;&nbsp;&nbsp;&nbsp; 2167799 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26582 | &nbsp;&nbsp;&nbsp;&nbsp; 3624456 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Insurance — continued** | **Insurance — continued** | **Insurance — continued** |
| &nbsp;&nbsp;&nbsp; Travelers Cos., Inc. (The) | 16956 | 3240631 |
| &nbsp;&nbsp;&nbsp; WR Berkley Corp. | 28514 | 1999972 |
|  |  | &nbsp;&nbsp; 39352730 |
| **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class A \* | 155429 | 15362602 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A \* | 96882 | 14432512 |
| &nbsp;&nbsp;&nbsp; Pinterest, Inc., Class A \* | 47289 | 1243228 |
|  |  | &nbsp;&nbsp; 31038342 |
| **IT Services — 8.7%** | **IT Services — 8.7%** | **IT Services — 8.7%** |
| &nbsp;&nbsp;&nbsp; Accenture plc, Class A | 27147 | 7575370 |
| &nbsp;&nbsp;&nbsp; Akamai Technologies, Inc. \* | 22383 | 1990968 |
| &nbsp;&nbsp;&nbsp; Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21799 | &nbsp;&nbsp;&nbsp;&nbsp; 2003982 |
| &nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20642 | &nbsp;&nbsp;&nbsp;&nbsp; 4661170 |
| &nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14833 | &nbsp;&nbsp;&nbsp;&nbsp; 2230290 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44350 | &nbsp;&nbsp;&nbsp;&nbsp; 2960363 |
| &nbsp;&nbsp;&nbsp; Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7345 | &nbsp;&nbsp;&nbsp;&nbsp; 2483638 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36624 | &nbsp;&nbsp;&nbsp;&nbsp; 4934352 |
| &nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8628 | &nbsp;&nbsp;&nbsp;&nbsp; 1553817 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36207 | &nbsp;&nbsp; 13418314 |
| &nbsp;&nbsp;&nbsp; Paychex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23190 | &nbsp;&nbsp;&nbsp;&nbsp; 2686793 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18775 | &nbsp;&nbsp;&nbsp;&nbsp; 1133071 |
| &nbsp;&nbsp;&nbsp; VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11243 | &nbsp;&nbsp;&nbsp;&nbsp; 2451536 |
| &nbsp;&nbsp;&nbsp; Visa, Inc., Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68827 | &nbsp;&nbsp; 15844664 |
| &nbsp;&nbsp;&nbsp; Western Union Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 122241 | &nbsp;&nbsp;&nbsp;&nbsp; 1732155 |
|  |  | &nbsp;&nbsp; 67660483 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401725 |
| &nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1884 | &nbsp;&nbsp;&nbsp;&nbsp; 2888021 |
| &nbsp;&nbsp;&nbsp; Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5510 | &nbsp;&nbsp;&nbsp;&nbsp; 1810476 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5100222 |
| **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** |
| &nbsp;&nbsp;&nbsp; Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23725 | &nbsp;&nbsp;&nbsp;&nbsp; 1069523 |
| &nbsp;&nbsp;&nbsp; Donaldson Co., Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23443 | &nbsp;&nbsp;&nbsp;&nbsp; 1461671 |
| &nbsp;&nbsp;&nbsp; Graco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26348 | &nbsp;&nbsp;&nbsp;&nbsp; 1800095 |
| &nbsp;&nbsp;&nbsp; IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9347 | &nbsp;&nbsp;&nbsp;&nbsp; 2240289 |
| &nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17931 | &nbsp;&nbsp;&nbsp;&nbsp; 4232433 |
| &nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12183 | &nbsp;&nbsp;&nbsp;&nbsp; 2032977 |
| &nbsp;&nbsp;&nbsp; Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4505 | &nbsp;&nbsp;&nbsp;&nbsp; 1096067 |
|  |  | &nbsp;&nbsp; 13933055 |
| **Media — 0.9%** | **Media — 0.9%** | **Media — 0.9%** |
| &nbsp;&nbsp;&nbsp; Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826651 |
| &nbsp;&nbsp;&nbsp; Interpublic Group of Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61200 | &nbsp;&nbsp;&nbsp;&nbsp; 2231352 |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27613 | &nbsp;&nbsp;&nbsp;&nbsp; 2374442 |
| &nbsp;&nbsp;&nbsp; Sirius XM Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 277230 | &nbsp;&nbsp;&nbsp;&nbsp; 1605161 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7037606 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Metals & Mining — 1.0%** | **Metals & Mining — 1.0%** | **Metals & Mining — 1.0%** |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 91812 | 4096651 |
| &nbsp;&nbsp;&nbsp; Newmont Corp. | 32756 | 1733775 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. (Mexico) | 27717 | 2084596 |
| &nbsp;&nbsp;&nbsp; SSR Mining, Inc. (Canada) | 9353 | 158440 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8073462 |
| **Multiline Retail — 0.4%** | **Multiline Retail — 0.4%** | **Multiline Retail — 0.4%** |
| &nbsp;&nbsp;&nbsp; Dollar General Corp. | 13589 | 3174390 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | 26171 | 2459812 |
| **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Corp. | 89148 | 971713 |
| &nbsp;&nbsp;&nbsp; APA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42568 | &nbsp;&nbsp;&nbsp;&nbsp; 1887040 |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54521 | &nbsp;&nbsp;&nbsp;&nbsp; 9487744 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74798 | &nbsp;&nbsp;&nbsp;&nbsp; 1872194 |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36755 | &nbsp;&nbsp;&nbsp;&nbsp; 2324386 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31438 | &nbsp;&nbsp;&nbsp;&nbsp; 4157676 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 118042 | &nbsp;&nbsp; 13694052 |
| &nbsp;&nbsp;&nbsp; PDC Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21577 | &nbsp;&nbsp;&nbsp;&nbsp; 1461410 |
| &nbsp;&nbsp;&nbsp; Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10649 | &nbsp;&nbsp;&nbsp;&nbsp; 2452997 |
| &nbsp;&nbsp;&nbsp; Texas Pacific Land Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770 | &nbsp;&nbsp;&nbsp;&nbsp; 1536805 |
|  |  | &nbsp;&nbsp; 39846017 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651349 |
| **Personal Products — 0.5%** | **Personal Products — 0.5%** | **Personal Products — 0.5%** |
| &nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13882 | &nbsp;&nbsp;&nbsp;&nbsp; 3846425 |
| **Pharmaceuticals — 6.7%** | **Pharmaceuticals — 6.7%** | **Pharmaceuticals — 6.7%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55374 | &nbsp;&nbsp;&nbsp;&nbsp; 4022921 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31122 | &nbsp;&nbsp; 10710636 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78058 | &nbsp;&nbsp; 12756239 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 105298 | &nbsp;&nbsp; 11310058 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 215410 | &nbsp;&nbsp;&nbsp;&nbsp; 9512506 |
| &nbsp;&nbsp;&nbsp; Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23304 | &nbsp;&nbsp;&nbsp;&nbsp; 3856579 |
|  |  | &nbsp;&nbsp; 52168939 |
| **Professional Services — 0.5%** | **Professional Services — 0.5%** | **Professional Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16461 | &nbsp;&nbsp;&nbsp;&nbsp; 1382066 |
| &nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12080 | &nbsp;&nbsp;&nbsp;&nbsp; 2196023 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3578089 |
| **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** |
| &nbsp;&nbsp;&nbsp; CBRE Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30435 | &nbsp;&nbsp;&nbsp;&nbsp; 2602497 |
| &nbsp;&nbsp;&nbsp; Zillow Group, Inc., Class C \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46162 | &nbsp;&nbsp;&nbsp;&nbsp; 2040822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4643319 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Road & Rail — 0.9%** | **Road & Rail — 0.9%** | **Road & Rail — 0.9%** |
| &nbsp;&nbsp;&nbsp; Landstar System, Inc. | 7207 | 1245586 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | 30366 | 6200433 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7446019 |
| **Semiconductors & Semiconductor Equipment — 7.6%** | **Semiconductors & Semiconductor Equipment — 7.6%** | **Semiconductors & Semiconductor Equipment — 7.6%** |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | 28465 | 4880893 |
| &nbsp;&nbsp;&nbsp; Applied Materials, Inc. | 46774 | 5214833 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 17694 | 10351167 |
| &nbsp;&nbsp;&nbsp; GLOBALFOUNDRIES, Inc. \* (a) | 27161 | 1610104 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 9323 | 3659091 |
| &nbsp;&nbsp;&nbsp; Lattice Semiconductor Corp. \* | 18713 | 1418258 |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 40247 | 3123972 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52006 | &nbsp;&nbsp;&nbsp;&nbsp; 3135962 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66964 | &nbsp;&nbsp; 13082757 |
| &nbsp;&nbsp;&nbsp; Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13718 | &nbsp;&nbsp;&nbsp;&nbsp; 1490598 |
| &nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12012 | &nbsp;&nbsp;&nbsp;&nbsp; 1317356 |
| &nbsp;&nbsp;&nbsp; Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22661 | &nbsp;&nbsp;&nbsp;&nbsp; 2304624 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42867 | &nbsp;&nbsp;&nbsp;&nbsp; 7596461 |
|  |  | &nbsp;&nbsp; 59186076 |
| **Software — 9.0%** | **Software — 9.0%** | **Software — 9.0%** |
| &nbsp;&nbsp;&nbsp; Adobe, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21953 | &nbsp;&nbsp;&nbsp;&nbsp; 8130074 |
| &nbsp;&nbsp;&nbsp; Aspen Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903518 |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15981 | &nbsp;&nbsp;&nbsp;&nbsp; 3438472 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19293 | &nbsp;&nbsp;&nbsp;&nbsp; 3527339 |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11880 | &nbsp;&nbsp;&nbsp;&nbsp; 1258092 |
| &nbsp;&nbsp;&nbsp; DocuSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34111 | &nbsp;&nbsp;&nbsp;&nbsp; 2068491 |
| &nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21769 | &nbsp;&nbsp;&nbsp;&nbsp; 1731942 |
| &nbsp;&nbsp;&nbsp; Dropbox, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77641 | &nbsp;&nbsp;&nbsp;&nbsp; 1803577 |
| &nbsp;&nbsp;&nbsp; Dynatrace, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47305 | &nbsp;&nbsp;&nbsp;&nbsp; 1817931 |
| &nbsp;&nbsp;&nbsp; Fortinet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53148 | &nbsp;&nbsp;&nbsp;&nbsp; 2781766 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12793 | &nbsp;&nbsp;&nbsp;&nbsp; 5407217 |
| &nbsp;&nbsp;&nbsp; Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14633 | &nbsp;&nbsp;&nbsp;&nbsp; 1907558 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61196 | &nbsp;&nbsp; 15164981 |
| &nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20006 | &nbsp;&nbsp;&nbsp;&nbsp; 3173752 |
| &nbsp;&nbsp;&nbsp; Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6051 | &nbsp;&nbsp;&nbsp;&nbsp; 1960161 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5425 | &nbsp;&nbsp;&nbsp;&nbsp; 2315119 |
| &nbsp;&nbsp;&nbsp; ServiceNow, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11247 | &nbsp;&nbsp;&nbsp;&nbsp; 5118847 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10151 | &nbsp;&nbsp;&nbsp;&nbsp; 3590916 |
| &nbsp;&nbsp;&nbsp; Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48632 | &nbsp;&nbsp;&nbsp;&nbsp; 1696284 |
| &nbsp;&nbsp;&nbsp; VMware, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20700 | &nbsp;&nbsp;&nbsp;&nbsp; 2535129 |
|  |  | &nbsp;&nbsp; 70331166 |
| **Specialty Retail — 3.3%** | **Specialty Retail — 3.3%** | **Specialty Retail — 3.3%** |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301 | &nbsp;&nbsp;&nbsp;&nbsp; 3172944 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38664 | &nbsp;&nbsp; 12533709 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193048 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4139 | &nbsp;&nbsp;&nbsp;&nbsp; 3279536 |
| &nbsp;&nbsp;&nbsp; Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4407 | &nbsp;&nbsp;&nbsp;&nbsp; 1004752 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Specialty Retail — continued** | **Specialty Retail — continued** | **Specialty Retail — continued** |
| &nbsp;&nbsp;&nbsp; Ulta Beauty, Inc. \* | 5233 | 2689553 |
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co. \* (a) | 21139 | 891009 |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. (a) | 12439 | 1678518 |
|  |  | &nbsp;&nbsp; 25443069 |
| **Technology Hardware, Storage & Peripherals — 2.3%** | **Technology Hardware, Storage & Peripherals — 2.3%** | **Technology Hardware, Storage & Peripherals — 2.3%** |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 105605 | 15237746 |
| &nbsp;&nbsp;&nbsp; NetApp, Inc. | 18093 | 1198299 |
| &nbsp;&nbsp;&nbsp; Pure Storage, Inc., Class A \* | 63104 | 1826230 |
|  |  | &nbsp;&nbsp; 18262275 |
| **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** |
| &nbsp;&nbsp;&nbsp; NIKE, Inc., Class B | 23741 | 3022942 |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49300 | &nbsp;&nbsp;&nbsp;&nbsp; 2246601 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5269543 |
| **Tobacco — 1.5%** | **Tobacco — 1.5%** | **Tobacco — 1.5%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95097 | &nbsp;&nbsp;&nbsp;&nbsp; 4283169 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71374 | &nbsp;&nbsp;&nbsp;&nbsp; 7440026 |
|  |  | &nbsp;&nbsp; 11723195 |
| **Trading Companies & Distributors — 0.6%** | **Trading Companies & Distributors — 0.6%** | **Trading Companies & Distributors — 0.6%** |
| &nbsp;&nbsp;&nbsp; Fastenal Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558679 |
| &nbsp;&nbsp;&nbsp; Watsco, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5738 | &nbsp;&nbsp;&nbsp;&nbsp; 1648929 |
| &nbsp;&nbsp;&nbsp; WW Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4242 | &nbsp;&nbsp;&nbsp;&nbsp; 2500574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4708182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $752,931,601)<br>|  | 779620739 |
| **Short-Term Investments — 3.6%** | **Short-Term Investments — 3.6%** | **Short-Term Investments — 3.6%** |
| **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, 4.15% (b) (c) <br>(Cost $847,016)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 847016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847016 |
| **Investment of Cash Collateral from Securities Loaned — 3.5%** | **Investment of Cash Collateral from Securities Loaned — 3.5%** | **Investment of Cash Collateral from Securities Loaned — 3.5%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.57% (b) (c) | 22496825 | &nbsp;&nbsp; 22505824 |

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Investment of Cash Collateral from Securities Loaned — continued** | **Investment of Cash Collateral from Securities Loaned — continued** | **Investment of Cash Collateral from Securities Loaned — continued** |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (b) (c) | 4820322 | 4820322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $27,322,945)<br>|  | &nbsp;&nbsp; 27326146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $28,169,961)<br>|  | &nbsp;&nbsp; 28173162 |
| **Total Investments — 103.4%** <br>**(Cost $781,101,562)**<br>|  | **807793901** |
| **Liabilities in Excess of Other Assets — (3.4)%** |  | **(26611558)** |
| **NET ASSETS — 100.0%** |  | **781182343** |

---

&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;

\* Non-income producing security. 

(a) The security or a portion of this security is on loan at January 31, 2023. The total value of securities on loan at January 31, 2023 is $27,046,081.

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

(c) The rate shown is the current yield as of January 31, 2023.

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| S&P 500 E-Mini Index | 5 | 03/17/2023 | USD | 1022625 | 43764 |

---

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

---

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

---

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | $807793901 | $— | $— | $807793901 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | $43764 | $— | $— | $43764 |

---

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

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

**B. Investment Transactions with Affiliates** — The Fund invested in Underlying Funds, which are 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

------

**JPMorgan U.S. Quality Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL <br> Class Shares, 4.57% (a) (b)<br>| $16497925 | $24000000 | $18000000 | $4898 | $3001 | $22505824 | 22496825 | $208261 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money <br> Market Fund Class IM Shares, <br> 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3688865 | &nbsp;&nbsp; 45589627 | &nbsp;&nbsp; 44458170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4820322 | &nbsp;&nbsp; 4820322 | &nbsp;&nbsp;&nbsp;&nbsp; 42653 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money <br> Market Fund Class IM Shares, <br> 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785535 | &nbsp;&nbsp;&nbsp;&nbsp; 5021218 | &nbsp;&nbsp;&nbsp;&nbsp; 4959737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847016 | &nbsp;&nbsp;&nbsp;&nbsp; 847016 | &nbsp;&nbsp;&nbsp;&nbsp; 12843 | &nbsp;&nbsp; — |
| **Total** | $20972325 | $74610845 | $67417907 | $4898 | $3001 | $28173162 |  | $263757 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan U.S. Quality Factor ETF

- **b. EDGAR series identifier (if any):** S000059315

- **c. LEI of Series:** 549300QBO0QYTGWOSW82

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $804511604.72

**Total Liabilities:** $27397905.02

**Net Assets:** $777113699.70

**Cash Not Reported:** $14687.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194674 | 6.97%                | -4.53%               | 5.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $66755.36                | $40849485.88                               |
| Month 2  | $-1651539.14             | $-31592002.79                              |
| Month 3  | $380460.94               | $33960976.02                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                              | CBRE Group, Inc., Class A                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     30277 | NS      | $2588986.27   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                           | Brown & Brown, Inc.                                                   | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     31431 | NS      | $1840599.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                   | Host Hotels & Resorts, Inc.                                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     86782 | NS      | $1635840.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.               | Intercontinental Exchange, Inc.                                       | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     25488 | NS      | $2741234.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                  | Cadence Design Systems, Inc.                                          | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     19193 | NS      | $3509056.19   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories, Inc.                      | Dolby Laboratories, Inc., Class A                                     | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     21655 | NS      | $1722871.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                             | Exxon Mobil Corp.                                                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    117428 | NS      | $13622822.28  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                       | Louisiana-Pacific Corp.                                               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      9516 | NS      | $647944.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class A                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    154619 | NS      | $15282541.96  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc.  | Expeditors International of Washington, Inc.                          | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     12124 | NS      | $1311210.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                    | Crowdstrike Holdings, Inc., Class A                                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     11818 | NS      | $1251526.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                        | Waste Management, Inc.                                                | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     24445 | NS      | $3782374.85   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                              | OGE Energy Corp.                                                      | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     24010 | NS      | $944073.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                         | Landstar System, Inc.                                                 | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      7169 | NS      | $1239018.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                    | Microchip Technology, Inc.                                            | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     40037 | NS      | $3107671.94   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                | Amphenol Corp., Class A                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     17296 | NS      | $1379701.92   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                    | Chubb Ltd.                                                            | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     15662 | NS      | $3562948.38   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                  | NVIDIA Corp.                                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     66616 | NS      | $13014767.92  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp.                                  | Gentex Corp.                                                          | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     40432 | NS      | $1193148.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.             | Equity LifeStyle Properties, Inc.                                     | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     20587 | NS      | $1477734.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti, Inc.                                | Ubiquiti, Inc.                                                        | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4293 | NS      | $1254242.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp.                   | Lattice Semiconductor Corp.                                           | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     18615 | NS      | $1410830.85   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                     | NVR, Inc.                                                             | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       430 | NS      | $2266100.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                     | KLA Corp.                                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      9275 | NS      | $3640252.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                      | Bristol-Myers Squibb Co.                                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     55086 | NS      | $4001997.90   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp.                                  | Waters Corp.                                                          | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      5482 | NS      | $1801275.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Co.                                                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     30960 | NS      | $10654884.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier, Inc.                                 | Premier, Inc., Class A                                                | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10764 | NS      | $359087.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                  | Intuit, Inc.                                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     12727 | NS      | $5379321.09   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.         | International Business Machines Corp.                                 | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     36434 | NS      | $4908752.82   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                  | Marriott International, Inc., Class A                                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     19122 | NS      | $3330669.96   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                               | BlackRock, Inc.                                                       | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      6491 | NS      | $4928032.11   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.            | Madison Square Garden Sports Corp.                                    | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2378 | NS      | $432415.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen, Inc.                                  | Biogen, Inc.                                                          | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      7525 | NS      | $2189022.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.             | Fidelity National Financial, Inc.                                     | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     30856 | NS      | $1358589.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                       | Republic Services, Inc.                                               | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     18695 | NS      | $2333509.90   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.            | Mettler-Toledo International, Inc.                                    | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1874 | NS      | $2872692.08   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                   | Apple, Inc.                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    105055 | NS      | $15158385.95  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                  | ResMed, Inc.                                                          | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |        67 | NS      | $15300.79     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                                 | Moody's Corp.                                                         | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     11079 | NS      | $3575747.25   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                               | Pinterest, Inc., Class A                                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47043 | NS      | $1236760.47   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.               | Automatic Data Processing, Inc.                                       | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     20534 | NS      | $4636782.54   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                            | Devon Energy Corp.                                                    | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     36563 | NS      | $2312244.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                          | NextEra Energy, Inc.                                                  | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70524 | NS      | $5263206.12   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.           | Gaming and Leisure Properties, Inc.                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     14311 | NS      | $766497.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp.                      | Texas Pacific Land Corp.                                              | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       766 | NS      | $1528821.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Jack Henry & Associates, Inc.                 | Jack Henry & Associates, Inc.                                         | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      8584 | NS      | $1545892.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage, Inc.                            | Life Storage, Inc.                                                    | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |      8796 | NS      | $950319.84    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox, Inc.                                 | Dropbox, Inc., Class A                                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     77236 | NS      | $1794192.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                                 | Gartner, Inc.                                                         | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      7307 | NS      | $2470788.98   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International, Inc.             | Choice Hotels International, Inc.                                     | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     13892 | NS      | $1707187.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                     | UGI Corp.                                                             | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     18230 | NS      | $726100.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                         | Camden Property Trust                                                 | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      9987 | NS      | $1230498.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | Johnson & Johnson                                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     77652 | NS      | $12689889.84  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                             | Merck & Co., Inc.                                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    104750 | NS      | $11251197.50  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                              | Mastercard, Inc., Class A                                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     36019 | NS      | $13348641.40  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                    | AT&T, Inc.                                                            | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    111393 | NS      | $2269075.41   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                  | Pfizer, Inc.                                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    214288 | NS      | $9462958.08   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp.                              | Bio-Techne Corp.                                                      | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      5017 | NS      | $399654.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |  22503973 | NS      | $22503972.95  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp.                           | IPG Photonics Corp.                                                   | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      7917 | NS      | $887495.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education, Inc.                  | Grand Canyon Education, Inc.                                          | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     15249 | NS      | $1777423.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                   | United Parcel Service, Inc., Class B                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      3065 | NS      | $567729.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                             | Genuine Parts Co.                                                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     13529 | NS      | $2270436.78   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                    | Simon Property Group, Inc.                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     18349 | NS      | $2357112.54   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                             | Morningstar, Inc.                                                     | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1493 | NS      | $362619.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                | Teradyne, Inc.                                                        | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     22543 | NS      | $2292623.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                              | Globe Life, Inc.                                                      | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     15463 | NS      | $1868703.55   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                       | Progressive Corp. (The)                                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     26444 | NS      | $3605639.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp.                             | QuidelOrtho Corp.                                                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      7990 | NS      | $684023.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                        | Home Depot, Inc. (The)                                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     38462 | NS      | $12468226.54  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                           | General Mills, Inc.                                                   | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      8510 | NS      | $666843.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                 | Newmont Corp.                                                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     32586 | NS      | $1724776.98   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                      | Skyworks Solutions, Inc.                                              | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     11950 | NS      | $1310556.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES, Inc.                         | GLOBALFOUNDRIES, Inc.                                                 | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | KY        |     27019 | NS      | $1601686.32   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| VeriSign, Inc.                                | VeriSign, Inc.                                                        | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     11185 | NS      | $2438889.25   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic, Inc.                                 | Hologic, Inc.                                                         | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     24492 | NS      | $1992914.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                              | Weyerhaeuser Co.                                                      | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     75161 | NS      | $2587793.23   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger, Inc.                             | WW Grainger, Inc.                                                     | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      4220 | NS      | $2487605.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)                    | Travelers Cos., Inc. (The)                                            | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     16868 | NS      | $3223812.16   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                     | Church & Dwight Co., Inc.                                             | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     14195 | NS      | $1147807.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                                   | Adobe, Inc.                                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     21839 | NS      | $8087855.26   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                           | Acuity Brands, Inc.                                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3435 | NS      | $647566.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                            | Altria Group, Inc.                                                    | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     94601 | NS      | $4260829.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                          | Dollar General Corp.                                                  | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     13519 | NS      | $3158038.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                                | Autodesk, Inc.                                                        | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     15897 | NS      | $3420398.52   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings, Inc.                    | MarketAxess Holdings, Inc.                                            | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      2665 | NS      | $969660.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.               | Lincoln Electric Holdings, Inc.                                       | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     12119 | NS      | $2022297.53   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Share Class IM            | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   4820322 | NS      | $4820322.26   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                        | Freeport-McMoRan, Inc.                                                | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     91334 | NS      | $4075323.08   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                                  | Airbnb, Inc., Class A                                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     11760 | NS      | $1306653.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco, Inc.                                  | Watsco, Inc.                                                          | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      5708 | NS      | $1640307.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Williams-Sonoma, Inc.                         | Williams-Sonoma, Inc.                                                 | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     12375 | NS      | $1669882.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| S&P Global, Inc.                              | S&P Global, Inc.                                                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     16417 | NS      | $6155389.98   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                     | APA Corp.                                                             | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     42346 | NS      | $1877198.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                              | Clorox Co. (The)                                                      | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     11519 | NS      | $1666684.11   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                     | Linde plc                                                             | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |     11826 | NS      | $3913696.44   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                  | Nasdaq, Inc.                                                          | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     35512 | NS      | $2137467.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                | AutoZone, Inc.                                                        | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1295 | NS      | $3158310.75   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos., Inc. (The)         | Interpublic Group of Cos., Inc. (The)                                 | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     60882 | NS      | $2219757.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins, Inc.                                 | Rollins, Inc.                                                         | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     46839 | NS      | $1704939.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group, Inc.                            | Zillow Group, Inc., Class C                                           | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     45922 | NS      | $2030211.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Live Nation Entertainment, Inc.               | Live Nation Entertainment, Inc.                                       | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     21287 | NS      | $1713390.63   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                | Broadcom, Inc.                                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     17602 | NS      | $10297346.02  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                                | McKesson Corp.                                                        | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      9081 | NS      | $3438793.08   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace, Inc.                               | Dynatrace, Inc.                                                       | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47059 | NS      | $1808477.37   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp.                                | Teradata Corp.                                                        | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     48378 | NS      | $1687424.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                      | Roper Technologies, Inc.                                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      5397 | NS      | $2303169.75   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                   | Amdocs Ltd.                                                           | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     21685 | NS      | $1993502.05   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                           | Abbott Laboratories                                                   | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     50100 | NS      | $5538555.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                          | Meta Platforms, Inc., Class A                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     96378 | NS      | $14357430.66  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                        | Costco Wholesale Corp.                                                | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     19655 | NS      | $10046456.70  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VMware, Inc.                                  | VMware, Inc., Class A                                                 | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |     20592 | NS      | $2521902.24   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                   | Keysight Technologies, Inc.                                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     15264 | NS      | $2737598.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon plc                                       | Aon plc, Class A                                                      | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     12701 | NS      | $4047554.68   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.             | Philip Morris International, Inc.                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     71002 | NS      | $7401248.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp.                                    | IDEX Corp.                                                            | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      9299 | NS      | $2228784.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.            | Hawaiian Electric Industries, Inc.                                    | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     20424 | NS      | $863322.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp.                                  | Chemed Corp.                                                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      3487 | NS      | $1761423.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International, Inc.               | Robert Half International, Inc.                                       | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     16375 | NS      | $1374845.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                           | Clean Harbors, Inc.                                                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     10087 | NS      | $1314336.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                       | Arch Capital Group Ltd.                                               | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     37404 | NS      | $2406947.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                                | Fortinet, Inc.                                                        | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     52872 | NS      | $2767320.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                      | Motorola Solutions, Inc.                                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5249 | NS      | $1349045.49   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                             | Ulta Beauty, Inc.                                                     | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      5205 | NS      | $2675161.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.                         | Eagle Materials, Inc.                                                 | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      3715 | NS      | $542687.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                           | Expedia Group, Inc.                                                   | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20151 | NS      | $2303259.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp.                                  | Enovis Corp.                                                          | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |      7059 | NS      | $444364.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co.                      | Arthur J Gallagher & Co.                                              | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     15533 | NS      | $3040118.76   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                    | US Bancorp                                                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     17627 | NS      | $877824.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard, Inc.                     | Activision Blizzard, Inc.                                             | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     44591 | NS      | $3414332.87   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WR Berkley Corp.                              | WR Berkley Corp.                                                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     28366 | NS      | $1989591.24   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                           | Cisco Systems, Inc.                                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    163521 | NS      | $7958567.07   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp.                        | Antero Midstream Corp.                                                | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88684 | NS      | $966655.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                               | Starbucks Corp.                                                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     56776 | NS      | $6196532.64   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                                 | Corning, Inc.                                                         | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     31309 | NS      | $1083604.49   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.          | Cognizant Technology Solutions Corp., Class A                         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     44120 | NS      | $2945010.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)           | Hanover Insurance Group, Inc. (The)                                   | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      3393 | NS      | $456629.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                      | Berkshire Hathaway, Inc., Class B                                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     46464 | NS      | $14474465.28  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Technology, Inc.                        | Aspen Technology, Inc.                                                | CUSIP: 29109X106<br>LEI: 254900545H80W6GA2J08 | Long             | EC               | CORP              | US        |      4522 | NS      | $898747.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                  | Vertex Pharmaceuticals, Inc.                                          | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     14079 | NS      | $4548924.90   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                             | Lowe's Cos., Inc.                                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       923 | NS      | $192214.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                          | Analog Devices, Inc.                                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     28317 | NS      | $4855515.99   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                         | Colgate-Palmolive Co.                                                 | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     47773 | NS      | $3560521.69   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                       | Applied Materials, Inc.                                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     46530 | NS      | $5187629.70   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates, Inc.                    | Manhattan Associates, Inc.                                            | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     14557 | NS      | $1897650.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                            | Brown-Forman Corp., Class B                                           | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     26160 | NS      | $1741732.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Chevron Corp.                                 | Chevron Corp.                                                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54237 | NS      | $9438322.74   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, Inc.                                      | F5, Inc.                                                              | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      7138 | NS      | $1053997.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co.                            | Erie Indemnity Co., Class A                                           | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      6243 | NS      | $1525477.05   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Crown Castle, Inc.                            | Crown Castle, Inc.                                                    | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     12396 | NS      | $1835971.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.          | Broadridge Financial Solutions, Inc.                                  | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     14755 | NS      | $2218561.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp.                         | Southern Copper Corp.                                                 | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     27573 | NS      | $2073765.33   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                            | Pure Storage, Inc., Class A                                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     62776 | NS      | $1816737.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| World Wrestling Entertainment, Inc.           | World Wrestling Entertainment, Inc., Class A                          | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     21060 | NS      | $1782097.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Wyndham Hotels & Resorts, Inc.                | Wyndham Hotels & Resorts, Inc.                                        | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     11724 | NS      | $908727.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                     | Akamai Technologies, Inc.                                             | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     22267 | NS      | $1980649.65   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                    | Edwards Lifesciences Corp.                                            | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     37142 | NS      | $2848791.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                       | Micron Technology, Inc.                                               | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     51736 | NS      | $3119680.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                        | Verisk Analytics, Inc.                                                | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     12018 | NS      | $2184752.22   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                  | Allegion plc                                                          | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Long             | EC               | CORP              | IE        |     12271 | NS      | $1442456.05   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                      | IDEXX Laboratories, Inc.                                              | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      5826 | NS      | $2799393.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                     | T. Rowe Price Group, Inc.                                             | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     15325 | NS      | $1784902.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                           | Coca-Cola Co. (The)                                                   | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     69322 | NS      | $4250825.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings, Inc.              | SS&C Technologies Holdings, Inc.                                      | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     18677 | NS      | $1127156.95   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                   | Marsh & McLennan Cos., Inc.                                           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     27385 | NS      | $4789910.35   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy, Inc.                          | Coterra Energy, Inc.                                                  | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     74408 | NS      | $1862432.24   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                              | ServiceNow, Inc.                                                      | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     11189 | NS      | $5092449.57   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                    | Procter & Gamble Co. (The)                                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     91697 | NS      | $13055818.86  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares, Inc.                     | Commerce Bancshares, Inc.                                             | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26142 | NS      | $1740011.52   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp.                                 | Nordson Corp.                                                         | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4481 | NS      | $1090227.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos., Inc. (The)                 | Estee Lauder Cos., Inc. (The), Class A                                | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     13810 | NS      | $3826474.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co. (The)                       | Western Union Co. (The)                                               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    121605 | NS      | $1723142.85   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                  | Verizon Communications, Inc.                                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    143157 | NS      | $5951036.49   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.               | Principal Financial Group, Inc.                                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     23301 | NS      | $2156507.55   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                   | Amgen, Inc.                                                           | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     24596 | NS      | $6208030.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                 | Paychex, Inc.                                                         | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     23070 | NS      | $2672890.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                               | Microsoft Corp.                                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     60878 | NS      | $15086177.18  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                  | CF Industries Holdings, Inc.                                          | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     22126 | NS      | $1874072.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                | Public Storage                                                        | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |      9584 | NS      | $2916794.56   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                          | Bank of Hawaii Corp.                                                  | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     11173 | NS      | $854622.77    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Evergy, Inc.                                  | Evergy, Inc.                                                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     15714 | NS      | $984482.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems, Inc.                | FactSet Research Systems, Inc.                                        | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      4680 | NS      | $1979359.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                          | Kimberly-Clark Corp.                                                  | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      7664 | NS      | $996396.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                    | NIKE, Inc., Class B                                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     23617 | NS      | $3007152.61   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco, Inc.                                   | Graco, Inc.                                                           | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     26210 | NS      | $1790667.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier, Inc.                                | Rayonier, Inc.                                                        | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     23814 | NS      | $866591.46    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                        | 3M Co.                                                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     28696 | NS      | $3302335.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining, Inc.                              | SSR Mining, Inc.                                                      | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      9305 | NS      | $157626.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                                | Tapestry, Inc.                                                        | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     49044 | NS      | $2234935.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                 | Honeywell International, Inc.                                         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3503 | NS      | $730305.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        |    847016 | NS      | $847016.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                             | Boyd Gaming Corp.                                                     | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     16666 | NS      | $1038458.46   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                           | SEI Investments Co.                                                   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     28348 | NS      | $1769765.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     13260 | NS      | $843999.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                  | AbbVie, Inc.                                                          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     72685 | NS      | $10739208.75  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                           | Omnicom Group, Inc.                                                   | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     27469 | NS      | $2362059.31   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                           | Union Pacific Corp.                                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     30208 | NS      | $6168171.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                        | WEC Energy Group, Inc.                                                | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     26035 | NS      | $2447029.65   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                           | Donaldson Co., Inc.                                                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     23321 | NS      | $1454064.35   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Regeneron Pharmaceuticals, Inc.               | Regeneron Pharmaceuticals, Inc.                                       | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      4620 | NS      | $3504131.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                        | Booking Holdings, Inc.                                                | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2198 | NS      | $5350151.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                  | NetApp, Inc.                                                          | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     17999 | NS      | $1192073.77   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                   | Qorvo, Inc.                                                           | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     13646 | NS      | $1482774.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                            | Tractor Supply Co.                                                    | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      4385 | NS      | $999736.15    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.           | Allison Transmission Holdings, Inc.                                   | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     23601 | NS      | $1063933.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                 | IDACORP, Inc.                                                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     11178 | NS      | $1182744.18   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                             | Hershey Co. (The)                                                     | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      9706 | NS      | $2179967.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                                  | Copart, Inc.                                                          | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     38925 | NS      | $2592794.25   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                           | EOG Resources, Inc.                                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     31274 | NS      | $4135986.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                         | Gilead Sciences, Inc.                                                 | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     57803 | NS      | $4851983.82   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | S&P 500 E-Mini Index                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $43764.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign, Inc.                                | DocuSign, Inc.                                                        | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     33933 | NS      | $2057697.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                | Synopsys, Inc.                                                        | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     10099 | NS      | $3572521.25   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                     | O'Reilly Automotive, Inc.                                             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      4117 | NS      | $3262104.95   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                    | Visa, Inc., Class A                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     68469 | NS      | $15762248.49  | 2.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Illinois Tool Works, Inc.                     | Illinois Tool Works, Inc.                                             | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     17837 | NS      | $4210245.48   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                              | McDonald's Corp.                                                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     32073 | NS      | $8576320.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                         | Paycom Software, Inc.                                                 | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      6019 | NS      | $1949794.86   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                   | Aflac, Inc.                                                           | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     44558 | NS      | $3275013.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands, Inc.                             | Yum! Brands, Inc.                                                     | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     22536 | NS      | $2941173.36   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                  | Charter Communications, Inc., Class A                                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      2139 | NS      | $822039.09    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                 | Accenture plc, Class A                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     27005 | NS      | $7535745.25   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita, Inc.                                  | DaVita, Inc.                                                          | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     13688 | NS      | $1127754.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                  | Fastenal Co.                                                          | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     10994 | NS      | $555746.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co.                 | Pioneer Natural Resources Co.                                         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     10593 | NS      | $2440097.55   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                         | Electronic Arts, Inc.                                                 | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     20209 | NS      | $2600494.12   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                     | Linde plc                                                             | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |      7164 | NS      | $2370854.16   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                              | NRG Energy, Inc.                                                      | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     44433 | NS      | $1520497.26   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                         | Lockheed Martin Corp.                                                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     11820 | NS      | $5475733.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                       | Texas Instruments, Inc.                                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     42643 | NS      | $7556766.03   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                              | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     14891 | NS      | $1371163.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Moderna, Inc.                                 | Moderna, Inc.                                                         | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     19426 | NS      | $3420141.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                     | Extra Space Storage, Inc.                                             | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12105 | NS      | $1910532.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings, Inc.                      | Sirius XM Holdings, Inc.                                              | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |    275786 | NS      | $1596800.94   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria's Secret & Co.                       | Victoria's Secret & Co.                                               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     21029 | NS      | $886372.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| National Fuel Gas Co.                         | National Fuel Gas Co.                                                 | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     27410 | NS      | $1591424.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co.                         | Lamar Advertising Co., Class A                                        | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     18240 | NS      | $1943289.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                               | H&R Block, Inc.                                                       | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     39341 | NS      | $1533512.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy, Inc.                              | PDC Energy, Inc.                                                      | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     21465 | NS      | $1453824.45   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                  | Zoetis, Inc.                                                          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     23182 | NS      | $3836389.18   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                      | Palo Alto Networks, Inc.                                              | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     19902 | NS      | $3157253.28   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp.                               | A O Smith Corp.                                                       | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     17255 | NS      | $1168163.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                  | Cintas Corp.                                                          | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6598 | NS      | $2927796.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial, Inc.                         | Virtu Financial, Inc., Class A                                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     35124 | NS      | $678244.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer