# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001866
**Filing Date:** 2025-9
**Character Count:** 307181
**Document Hash:** f0c3b5346489155b66437083e5932345
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001866.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001866

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 251341882

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**JPMorgan Diversified Return Emerging Markets Equity ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.7%** | **Common Stocks — 99.7%** | **Common Stocks — 99.7%** |
| **Brazil — 10.9%** | **Brazil — 10.9%** | **Brazil — 10.9%** |
| &nbsp;&nbsp;&nbsp; Alupar Investimento SA | &nbsp;&nbsp; 110889 | &nbsp;&nbsp; 585382 |
| &nbsp;&nbsp;&nbsp; Ambev SA | &nbsp;&nbsp; 510625 | &nbsp;&nbsp; 1143527 |
| &nbsp;&nbsp;&nbsp; Banco Bradesco SA (Preference) | &nbsp;&nbsp; 497259 | &nbsp;&nbsp; 1376452 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp; 259920 | &nbsp;&nbsp; 918148 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | &nbsp;&nbsp; 139374 | &nbsp;&nbsp; 837556 |
| &nbsp;&nbsp;&nbsp; Bradespar SA (Preference) | &nbsp;&nbsp; 120197 | &nbsp;&nbsp; 336364 |
| &nbsp;&nbsp;&nbsp; BRF SA \* | &nbsp;&nbsp; 135802 | &nbsp;&nbsp; 486986 |
| &nbsp;&nbsp;&nbsp; Caixa Seguridade Participacoes S/A | &nbsp;&nbsp; 178263 | &nbsp;&nbsp; 438053 |
| &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA | &nbsp;&nbsp; 139222 | &nbsp;&nbsp; 936095 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp; 63285 | &nbsp;&nbsp; 1221047 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | &nbsp;&nbsp; 435349 | &nbsp;&nbsp; 796131 |
| &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - Copel (Preference) | &nbsp;&nbsp; 360663 | &nbsp;&nbsp; 765182 |
| &nbsp;&nbsp;&nbsp; CPFL Energia SA | &nbsp;&nbsp; 101984 | &nbsp;&nbsp; 686808 |
| &nbsp;&nbsp;&nbsp; CSN Mineracao SA | &nbsp;&nbsp; 585396 | &nbsp;&nbsp; 528990 |
| &nbsp;&nbsp;&nbsp; Embraer SA | &nbsp;&nbsp; 100149 | &nbsp;&nbsp; 1439400 |
| &nbsp;&nbsp;&nbsp; Engie Brasil Energia SA | &nbsp;&nbsp; 7662 | &nbsp;&nbsp; 54856 |
| &nbsp;&nbsp;&nbsp; Gerdau SA (Preference) | &nbsp;&nbsp; 193609 | &nbsp;&nbsp; 581219 |
| &nbsp;&nbsp;&nbsp; GPS Participacoes e Empreendimentos SA (a) | &nbsp;&nbsp; 17378 | &nbsp;&nbsp; 43821 |
| &nbsp;&nbsp;&nbsp; Grupo Mateus SA \* | &nbsp;&nbsp; 59858 | &nbsp;&nbsp; 77929 |
| &nbsp;&nbsp;&nbsp; Hypera SA | &nbsp;&nbsp; 120547 | &nbsp;&nbsp; 551547 |
| &nbsp;&nbsp;&nbsp; Isa Energia Brasil sa (Preference) | &nbsp;&nbsp; 75687 | &nbsp;&nbsp; 294392 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp; 457946 | &nbsp;&nbsp; 2860757 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp; 729423 | &nbsp;&nbsp; 1344330 |
| &nbsp;&nbsp;&nbsp; Klabin SA | &nbsp;&nbsp; 156268 | &nbsp;&nbsp; 516005 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp; 200881 | &nbsp;&nbsp; 581167 |
| &nbsp;&nbsp;&nbsp; M Dias Branco SA | &nbsp;&nbsp; 31213 | &nbsp;&nbsp; 134450 |
| &nbsp;&nbsp;&nbsp; Marfrig Global Foods SA | &nbsp;&nbsp; 164984 | &nbsp;&nbsp; 635534 |
| &nbsp;&nbsp;&nbsp; Metalurgica Gerdau SA (Preference) | &nbsp;&nbsp; 240066 | &nbsp;&nbsp; 400857 |
| &nbsp;&nbsp;&nbsp; Neoenergia SA | &nbsp;&nbsp; 155324 | &nbsp;&nbsp; 681539 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp; 442594 | &nbsp;&nbsp; 2572784 |
| &nbsp;&nbsp;&nbsp; Porto Seguro SA | &nbsp;&nbsp; 66041 | &nbsp;&nbsp; 610574 |
| &nbsp;&nbsp;&nbsp; PRIO SA \* | &nbsp;&nbsp; 92617 | &nbsp;&nbsp; 696006 |
| &nbsp;&nbsp;&nbsp; Rede D'Or Sao Luiz SA (b) | &nbsp;&nbsp; 131179 | &nbsp;&nbsp; 758557 |
| &nbsp;&nbsp;&nbsp; Santos Brasil Participacoes SA | &nbsp;&nbsp; 211882 | &nbsp;&nbsp; 527477 |
| &nbsp;&nbsp;&nbsp; Sao Martinho SA | &nbsp;&nbsp; 99275 | &nbsp;&nbsp; 306536 |
| &nbsp;&nbsp;&nbsp; SLC Agricola SA | &nbsp;&nbsp; 109461 | &nbsp;&nbsp; 358514 |
| &nbsp;&nbsp;&nbsp; Suzano SA | &nbsp;&nbsp; 77500 | &nbsp;&nbsp; 720254 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp; 179120 | &nbsp;&nbsp; 1007951 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp; 235094 | &nbsp;&nbsp; 866139 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp; 103252 | &nbsp;&nbsp; 803033 |
| &nbsp;&nbsp;&nbsp; Transmissora Alianca de Energia Eletrica S/A | &nbsp;&nbsp; 114665 | &nbsp;&nbsp; 683131 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp; 307535 | &nbsp;&nbsp; 2926760 |
| &nbsp;&nbsp;&nbsp; Vibra Energia SA | &nbsp;&nbsp; 175348 | &nbsp;&nbsp; 666063 |
| &nbsp;&nbsp;&nbsp; WEG SA | &nbsp;&nbsp; 154619 | &nbsp;&nbsp; 1021672 |
|  |  | &nbsp;&nbsp; 35779975 |
| **Chile — 2.2%** | **Chile — 2.2%** | **Chile — 2.2%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp; 7319893 | &nbsp;&nbsp; 1008338 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chile — continued** | **Chile — continued** | **Chile — continued** |
| &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones SA | &nbsp;&nbsp; 4171 | &nbsp;&nbsp; 165534 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp; 9093012 | &nbsp;&nbsp; 525231 |
| &nbsp;&nbsp;&nbsp; Cencosud SA | &nbsp;&nbsp; 277770 | &nbsp;&nbsp; 836786 |
| &nbsp;&nbsp;&nbsp; Cia Cervecerias Unidas SA | &nbsp;&nbsp; 43364 | &nbsp;&nbsp; 256463 |
| &nbsp;&nbsp;&nbsp; Cia Sud Americana de Vapores SA | &nbsp;&nbsp; 11613160 | &nbsp;&nbsp; 586861 |
| &nbsp;&nbsp;&nbsp; Colbun SA | &nbsp;&nbsp; 2899469 | &nbsp;&nbsp; 429222 |
| &nbsp;&nbsp;&nbsp; Embotelladora Andina SA (Preference), Class B | &nbsp;&nbsp; 155664 | &nbsp;&nbsp; 597298 |
| &nbsp;&nbsp;&nbsp; Empresas CMPC SA | &nbsp;&nbsp; 126903 | &nbsp;&nbsp; 178766 |
| &nbsp;&nbsp;&nbsp; Empresas Copec SA | &nbsp;&nbsp; 24539 | &nbsp;&nbsp; 162456 |
| &nbsp;&nbsp;&nbsp; Enel Americas SA | &nbsp;&nbsp; 3832451 | &nbsp;&nbsp; 382217 |
| &nbsp;&nbsp;&nbsp; Enel Chile SA | &nbsp;&nbsp; 8283348 | &nbsp;&nbsp; 530585 |
| &nbsp;&nbsp;&nbsp; Falabella SA | &nbsp;&nbsp; 134078 | &nbsp;&nbsp; 668591 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA | &nbsp;&nbsp; 35687548 | &nbsp;&nbsp; 780451 |
|  |  | &nbsp;&nbsp; 7108799 |
| **China — 21.1%** | **China — 21.1%** | **China — 21.1%** |
| &nbsp;&nbsp;&nbsp; An Hui Wenergy Co. Ltd., Class A | &nbsp;&nbsp; 324200 | &nbsp;&nbsp; 319472 |
| &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co. Ltd., Class H | &nbsp;&nbsp; 500 | &nbsp;&nbsp; 1448 |
| &nbsp;&nbsp;&nbsp; Anhui Expressway Co. Ltd., Class A | &nbsp;&nbsp; 264400 | &nbsp;&nbsp; 576035 |
| &nbsp;&nbsp;&nbsp; BAIC Motor Corp. Ltd., Class H \* (b) | &nbsp;&nbsp; 1167000 | &nbsp;&nbsp; 318773 |
| &nbsp;&nbsp;&nbsp; Bank of China Ltd., Class H | &nbsp;&nbsp; 6212000 | &nbsp;&nbsp; 3585650 |
| &nbsp;&nbsp;&nbsp; Baoshan Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp; 445300 | &nbsp;&nbsp; 452851 |
| &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings Ltd. | &nbsp;&nbsp; 77500 | &nbsp;&nbsp; 324265 |
| &nbsp;&nbsp;&nbsp; Beijing Shougang Co. Ltd., Class A | &nbsp;&nbsp; 671900 | &nbsp;&nbsp; 389119 |
| &nbsp;&nbsp;&nbsp; Bosideng International Holdings Ltd. | &nbsp;&nbsp; 860000 | &nbsp;&nbsp; 490799 |
| &nbsp;&nbsp;&nbsp; Brilliance China Automotive Holdings Ltd. | &nbsp;&nbsp; 1446000 | &nbsp;&nbsp; 576803 |
| &nbsp;&nbsp;&nbsp; CGN Power Co. Ltd., Class H (b) | &nbsp;&nbsp; 2473000 | &nbsp;&nbsp; 929038 |
| &nbsp;&nbsp;&nbsp; Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A | &nbsp;&nbsp; 139600 | &nbsp;&nbsp; 792075 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank Corp. Ltd., Class H | &nbsp;&nbsp; 1322000 | &nbsp;&nbsp; 1228300 |
| &nbsp;&nbsp;&nbsp; China Coal Energy Co. Ltd., Class H | &nbsp;&nbsp; 492000 | &nbsp;&nbsp; 604524 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., Class H | &nbsp;&nbsp; 858000 | &nbsp;&nbsp; 499733 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp; 4961000 | &nbsp;&nbsp; 5074129 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (b) | &nbsp;&nbsp; 873000 | &nbsp;&nbsp; 518999 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp; 348000 | &nbsp;&nbsp; 917989 |
| &nbsp;&nbsp;&nbsp; China Medical System Holdings Ltd. | &nbsp;&nbsp; 204000 | &nbsp;&nbsp; 346373 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Group Co. Ltd., Class A | &nbsp;&nbsp; 116900 | &nbsp;&nbsp; 325773 |
| &nbsp;&nbsp;&nbsp; China Merchants Port Holdings Co. Ltd. | &nbsp;&nbsp; 308000 | &nbsp;&nbsp; 606583 |
| &nbsp;&nbsp;&nbsp; China National Chemical Engineering Co. Ltd., Class A \* | &nbsp;&nbsp; 145900 | &nbsp;&nbsp; 161410 |
| &nbsp;&nbsp;&nbsp; China National Medicines Corp. Ltd., Class A | &nbsp;&nbsp; 67700 | &nbsp;&nbsp; 276046 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp; 2122000 | &nbsp;&nbsp; 1245238 |
| &nbsp;&nbsp;&nbsp; China Resources Pharmaceutical Group Ltd. (b) | &nbsp;&nbsp; 477500 | &nbsp;&nbsp; 333450 |
| &nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. Ltd. | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 693865 |
| &nbsp;&nbsp;&nbsp; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 117602 | &nbsp;&nbsp; 510274 |
| &nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., Class H | &nbsp;&nbsp; 379000 | &nbsp;&nbsp; 1642643 |
| &nbsp;&nbsp;&nbsp; China South Publishing & Media Group Co. Ltd., Class A | &nbsp;&nbsp; 302600 | &nbsp;&nbsp; 538733 |
| &nbsp;&nbsp;&nbsp; China United Network Communications Ltd., Class A | &nbsp;&nbsp; 739100 | &nbsp;&nbsp; 548368 |
| &nbsp;&nbsp;&nbsp; China XD Electric Co. Ltd., Class A | &nbsp;&nbsp; 365300 | &nbsp;&nbsp; 331479 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 772434 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial Bank Co. Ltd., Class H | &nbsp;&nbsp; 832000 | &nbsp;&nbsp; 659893 |
| &nbsp;&nbsp;&nbsp; CITIC Ltd. | &nbsp;&nbsp; 697000 | &nbsp;&nbsp; 1045622 |
| &nbsp;&nbsp;&nbsp; COFCO Sugar Holding Co. Ltd., Class A | &nbsp;&nbsp; 296800 | &nbsp;&nbsp; 402597 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings Co. Ltd., Class H (c) | &nbsp;&nbsp; 539850 | &nbsp;&nbsp; 986814 |
| &nbsp;&nbsp;&nbsp; COSCO SHIPPING Ports Ltd. | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 217082 |
| &nbsp;&nbsp;&nbsp; CRRC Corp. Ltd., Class A | &nbsp;&nbsp; 443300 | &nbsp;&nbsp; 452749 |
| &nbsp;&nbsp;&nbsp; Datang International Power Generation Co. Ltd., Class H | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 110920 |
| &nbsp;&nbsp;&nbsp; Dong-E-E-Jiao Co. Ltd., Class A | &nbsp;&nbsp; 43900 | &nbsp;&nbsp; 314211 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp; 100800 | &nbsp;&nbsp; 821522 |
| &nbsp;&nbsp;&nbsp; ENN Natural Gas Co. Ltd., Class A | &nbsp;&nbsp; 110300 | &nbsp;&nbsp; 281835 |
| &nbsp;&nbsp;&nbsp; Foxconn Industrial Internet Co. Ltd., Class A | &nbsp;&nbsp; 156500 | &nbsp;&nbsp; 745662 |
| &nbsp;&nbsp;&nbsp; Fujian Funeng Co. Ltd., Class A | &nbsp;&nbsp; 251200 | &nbsp;&nbsp; 328978 |
| &nbsp;&nbsp;&nbsp; GD Power Development Co. Ltd., Class A | &nbsp;&nbsp; 832500 | &nbsp;&nbsp; 528489 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp; 233000 | &nbsp;&nbsp; 522623 |
| &nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd., Class H | &nbsp;&nbsp; 496500 | &nbsp;&nbsp; 810253 |
| &nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp; 80600 | &nbsp;&nbsp; 509386 |
| &nbsp;&nbsp;&nbsp; Guangdong Baolihua New Energy Stock Co. Ltd., Class A | &nbsp;&nbsp; 573700 | &nbsp;&nbsp; 370468 |
| &nbsp;&nbsp;&nbsp; Guangdong South New Media Co. Ltd., Class A | &nbsp;&nbsp; 50600 | &nbsp;&nbsp; 287556 |
| &nbsp;&nbsp;&nbsp; Guangxi Guiguan Electric Power Co. Ltd., Class A | &nbsp;&nbsp; 398100 | &nbsp;&nbsp; 350350 |
| &nbsp;&nbsp;&nbsp; Guangxi Liugong Machinery Co. Ltd., Class A | &nbsp;&nbsp; 222700 | &nbsp;&nbsp; 330265 |
| &nbsp;&nbsp;&nbsp; Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 36836 |
| &nbsp;&nbsp;&nbsp; Haitian International Holdings Ltd. | &nbsp;&nbsp; 89000 | &nbsp;&nbsp; 241257 |
| &nbsp;&nbsp;&nbsp; Heilongjiang Agriculture Co. Ltd., Class A | &nbsp;&nbsp; 251700 | &nbsp;&nbsp; 521488 |
| &nbsp;&nbsp;&nbsp; Henan Shuanghui Investment & Development Co. Ltd., Class A | &nbsp;&nbsp; 17100 | &nbsp;&nbsp; 58507 |
| &nbsp;&nbsp;&nbsp; HLA Group Corp. Ltd. | &nbsp;&nbsp; 435800 | &nbsp;&nbsp; 411426 |
| &nbsp;&nbsp;&nbsp; Huadian Power International Corp. Ltd., Class H | &nbsp;&nbsp; 936000 | &nbsp;&nbsp; 503903 |
| &nbsp;&nbsp;&nbsp; Huaibei Mining Holdings Co. Ltd., Class A | &nbsp;&nbsp; 174500 | &nbsp;&nbsp; 296975 |
| &nbsp;&nbsp;&nbsp; Huaihe Energy Group Co. Ltd., Class A \* | &nbsp;&nbsp; 671400 | &nbsp;&nbsp; 327744 |
| &nbsp;&nbsp;&nbsp; Huapont Life Sciences Co. Ltd., Class A \* | &nbsp;&nbsp; 455800 | &nbsp;&nbsp; 276373 |
| &nbsp;&nbsp;&nbsp; Huaxin Cement Co. Ltd., Class H | &nbsp;&nbsp; 155500 | &nbsp;&nbsp; 254834 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp; 96000 | &nbsp;&nbsp; 233475 |
| &nbsp;&nbsp;&nbsp; Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 132900 | &nbsp;&nbsp; 494128 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | &nbsp;&nbsp; 2209000 | &nbsp;&nbsp; 1692592 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Dian Tou Energy Corp. Ltd., Class A | &nbsp;&nbsp; 227416 | &nbsp;&nbsp; 634309 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia ERDOS Resources Co. Ltd., Class A | &nbsp;&nbsp; 192380 | &nbsp;&nbsp; 270597 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A | &nbsp;&nbsp; 550600 | &nbsp;&nbsp; 307379 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co. Ltd., Class B | &nbsp;&nbsp; 375700 | &nbsp;&nbsp; 770933 |
| &nbsp;&nbsp;&nbsp; Jiangling Motors Corp. Ltd., Class A \* | &nbsp;&nbsp; 125800 | &nbsp;&nbsp; 368184 |
| &nbsp;&nbsp;&nbsp; Jiangsu Expressway Co. Ltd., Class A | &nbsp;&nbsp; 204300 | &nbsp;&nbsp; 401371 |
| &nbsp;&nbsp;&nbsp; Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A | &nbsp;&nbsp; 188000 | &nbsp;&nbsp; 284397 |
| &nbsp;&nbsp;&nbsp; Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | &nbsp;&nbsp; 87000 | &nbsp;&nbsp; 420099 |
| &nbsp;&nbsp;&nbsp; Jiangsu Zhongtian Technology Co. Ltd., Class A | &nbsp;&nbsp; 182200 | &nbsp;&nbsp; 349225 |
| &nbsp;&nbsp;&nbsp; Joincare Pharmaceutical Group Industry Co. Ltd., Class A | &nbsp;&nbsp; 172900 | &nbsp;&nbsp; 303888 |
| &nbsp;&nbsp;&nbsp; KingClean Electric Co. Ltd., Class A | &nbsp;&nbsp; 21918 | &nbsp;&nbsp; 69849 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp; 560000 | &nbsp;&nbsp; 539477 |
| &nbsp;&nbsp;&nbsp; Lao Feng Xiang Co. Ltd., Class A | &nbsp;&nbsp; 21900 | &nbsp;&nbsp; 142793 |
| &nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. | &nbsp;&nbsp; 16500 | &nbsp;&nbsp; 34958 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class A | &nbsp;&nbsp; 67300 | &nbsp;&nbsp; 391236 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Meihua Holdings Group Co. Ltd., Class A | &nbsp;&nbsp; 249300 | &nbsp;&nbsp; 388662 |
| &nbsp;&nbsp;&nbsp; Nanjing Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp; 639900 | &nbsp;&nbsp; 402987 |
| &nbsp;&nbsp;&nbsp; Newland Digital Technology Co. Ltd., Class A | &nbsp;&nbsp; 46600 | &nbsp;&nbsp; 192293 |
| &nbsp;&nbsp;&nbsp; Ningbo Sanxing Medical Electric Co. Ltd., Class A | &nbsp;&nbsp; 143700 | &nbsp;&nbsp; 447394 |
| &nbsp;&nbsp;&nbsp; Offshore Oil Engineering Co. Ltd., Class A | &nbsp;&nbsp; 298400 | &nbsp;&nbsp; 227993 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class A | &nbsp;&nbsp; 459200 | &nbsp;&nbsp; 564580 |
| &nbsp;&nbsp;&nbsp; Qingdao Port International Co. Ltd., Class A | &nbsp;&nbsp; 420200 | &nbsp;&nbsp; 506795 |
| &nbsp;&nbsp;&nbsp; Qinhuangdao Port Co. Ltd., Class A | &nbsp;&nbsp; 769600 | &nbsp;&nbsp; 345239 |
| &nbsp;&nbsp;&nbsp; SF Holding Co. Ltd., Class A | &nbsp;&nbsp; 70900 | &nbsp;&nbsp; 451461 |
| &nbsp;&nbsp;&nbsp; Shaanxi Coal Industry Co. Ltd., Class A | &nbsp;&nbsp; 246800 | &nbsp;&nbsp; 688230 |
| &nbsp;&nbsp;&nbsp; Shandong Nanshan Aluminum Co. Ltd., Class A | &nbsp;&nbsp; 674400 | &nbsp;&nbsp; 366586 |
| &nbsp;&nbsp;&nbsp; Shandong Publishing & Media Co. Ltd., Class A | &nbsp;&nbsp; 315900 | &nbsp;&nbsp; 394178 |
| &nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co. Ltd., Class H | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 26408 |
| &nbsp;&nbsp;&nbsp; Shanghai Huayi Group Co. Ltd., Class A | &nbsp;&nbsp; 334000 | &nbsp;&nbsp; 384095 |
| &nbsp;&nbsp;&nbsp; Shanghai International Port Group Co. Ltd., Class A | &nbsp;&nbsp; 423400 | &nbsp;&nbsp; 330488 |
| &nbsp;&nbsp;&nbsp; Shanghai Mechanical and Electrical Industry Co. Ltd., Class A | &nbsp;&nbsp; 141100 | &nbsp;&nbsp; 495560 |
| &nbsp;&nbsp;&nbsp; Shanghai Pharmaceuticals Holding Co. Ltd., Class H | &nbsp;&nbsp; 30400 | &nbsp;&nbsp; 48484 |
| &nbsp;&nbsp;&nbsp; Shanghai Tunnel Engineering Co. Ltd., Class A | &nbsp;&nbsp; 431600 | &nbsp;&nbsp; 395409 |
| &nbsp;&nbsp;&nbsp; Shanjin International Gold Co. Ltd., Class A | &nbsp;&nbsp; 223220 | &nbsp;&nbsp; 557109 |
| &nbsp;&nbsp;&nbsp; Shanxi Coal International Energy Group Co. Ltd., Class A | &nbsp;&nbsp; 129600 | &nbsp;&nbsp; 172170 |
| &nbsp;&nbsp;&nbsp; Shenergy Co. Ltd., Class A | &nbsp;&nbsp; 324400 | &nbsp;&nbsp; 367270 |
| &nbsp;&nbsp;&nbsp; Shenzhen Aisidi Co. Ltd., Class A | &nbsp;&nbsp; 252540 | &nbsp;&nbsp; 438104 |
| &nbsp;&nbsp;&nbsp; Shenzhen Expressway Corp. Ltd. | &nbsp;&nbsp; 227500 | &nbsp;&nbsp; 325405 |
| &nbsp;&nbsp;&nbsp; Shenzhen Transsion Holdings Co. Ltd., Class A | &nbsp;&nbsp; 3201 | &nbsp;&nbsp; 33732 |
| &nbsp;&nbsp;&nbsp; Sichuan Biokin Pharmaceutical Co. Ltd., Class A \* | &nbsp;&nbsp; 11865 | &nbsp;&nbsp; 504589 |
| &nbsp;&nbsp;&nbsp; Sichuan Kelun Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp; 84800 | &nbsp;&nbsp; 443623 |
| &nbsp;&nbsp;&nbsp; Sinoma International Engineering Co., Class A | &nbsp;&nbsp; 133100 | &nbsp;&nbsp; 167358 |
| &nbsp;&nbsp;&nbsp; Sinopharm Group Co. Ltd., Class H | &nbsp;&nbsp; 152400 | &nbsp;&nbsp; 366313 |
| &nbsp;&nbsp;&nbsp; Sinotrans Ltd., Class A | &nbsp;&nbsp; 56800 | &nbsp;&nbsp; 41817 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 685700 |
| &nbsp;&nbsp;&nbsp; TangShan Port Group Co. Ltd., Class A | &nbsp;&nbsp; 965200 | &nbsp;&nbsp; 541814 |
| &nbsp;&nbsp;&nbsp; Tasly Pharmaceutical Group Co. Ltd., Class A | &nbsp;&nbsp; 162600 | &nbsp;&nbsp; 369004 |
| &nbsp;&nbsp;&nbsp; Tian Di Science & Technology Co. Ltd., Class A | &nbsp;&nbsp; 538300 | &nbsp;&nbsp; 459893 |
| &nbsp;&nbsp;&nbsp; Tianhe Chemicals Group Ltd. ‡ \* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Tianjin Port Co. Ltd., Class A | &nbsp;&nbsp; 561100 | &nbsp;&nbsp; 359008 |
| &nbsp;&nbsp;&nbsp; Tianshan Aluminum Group Co. Ltd., Class A | &nbsp;&nbsp; 255200 | &nbsp;&nbsp; 321831 |
| &nbsp;&nbsp;&nbsp; Triangle Tyre Co. Ltd., Class A | &nbsp;&nbsp; 161000 | &nbsp;&nbsp; 308431 |
| &nbsp;&nbsp;&nbsp; Uni-President China Holdings Ltd. | &nbsp;&nbsp; 314000 | &nbsp;&nbsp; 396698 |
| &nbsp;&nbsp;&nbsp; Wanxiang Qianchao Co. Ltd., Class A | &nbsp;&nbsp; 611100 | &nbsp;&nbsp; 638193 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp; 38200 | &nbsp;&nbsp; 640924 |
| &nbsp;&nbsp;&nbsp; Xinhua Winshare Publishing and Media Co. Ltd., Class A | &nbsp;&nbsp; 266200 | &nbsp;&nbsp; 556225 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 441100 | &nbsp;&nbsp; 865186 |
| &nbsp;&nbsp;&nbsp; Yankuang Energy Group Co. Ltd., Class H | &nbsp;&nbsp; 675200 | &nbsp;&nbsp; 769819 |
| &nbsp;&nbsp;&nbsp; Yonfer Agricultural Technology Co. Ltd. | &nbsp;&nbsp; 195300 | &nbsp;&nbsp; 384695 |
| &nbsp;&nbsp;&nbsp; Youngor Fashion Co. Ltd., Class A | &nbsp;&nbsp; 433900 | &nbsp;&nbsp; 441655 |
| &nbsp;&nbsp;&nbsp; Yunnan Aluminium Co. Ltd., Class A | &nbsp;&nbsp; 172400 | &nbsp;&nbsp; 370431 |
| &nbsp;&nbsp;&nbsp; Yunnan Baiyao Group Co. Ltd., Class A | &nbsp;&nbsp; 32460 | &nbsp;&nbsp; 252199 |
| &nbsp;&nbsp;&nbsp; Yunnan Yuntianhua Co. Ltd., Class A | &nbsp;&nbsp; 124300 | &nbsp;&nbsp; 424271 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Yutong Bus Co. Ltd., Class A | &nbsp;&nbsp; 190800 | &nbsp;&nbsp; 658658 |
| &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., Class H | &nbsp;&nbsp; 478000 | &nbsp;&nbsp; 455443 |
| &nbsp;&nbsp;&nbsp; Zhejiang Longsheng Group Co. Ltd., Class A | &nbsp;&nbsp; 445100 | &nbsp;&nbsp; 652659 |
| &nbsp;&nbsp;&nbsp; Zhejiang NHU Co. Ltd., Class A | &nbsp;&nbsp; 119500 | &nbsp;&nbsp; 370734 |
| &nbsp;&nbsp;&nbsp; Zhejiang Semir Garment Co. Ltd., Class A | &nbsp;&nbsp; 92500 | &nbsp;&nbsp; 68101 |
| &nbsp;&nbsp;&nbsp; Zhejiang Zheneng Electric Power Co. Ltd., Class A | &nbsp;&nbsp; 410900 | &nbsp;&nbsp; 295551 |
| &nbsp;&nbsp;&nbsp; Zhongjin Gold Corp. Ltd., Class A | &nbsp;&nbsp; 208000 | &nbsp;&nbsp; 412792 |
| &nbsp;&nbsp;&nbsp; Zhongshan Broad Ocean Motor Co. Ltd., Class A | &nbsp;&nbsp; 359000 | &nbsp;&nbsp; 325688 |
| &nbsp;&nbsp;&nbsp; ZMJ Group Co. Ltd., Class A | &nbsp;&nbsp; 55700 | &nbsp;&nbsp; 124846 |
| &nbsp;&nbsp;&nbsp; Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H | &nbsp;&nbsp; 83400 | &nbsp;&nbsp; 65085 |
|  |  | &nbsp;&nbsp; 68938045 |
| **Colombia — 0.2%** | **Colombia — 0.2%** | **Colombia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ecopetrol SA | &nbsp;&nbsp; 699351 | &nbsp;&nbsp; 294060 |
| &nbsp;&nbsp;&nbsp; Grupo Cibest SA (Preference) | &nbsp;&nbsp; 18100 | &nbsp;&nbsp; 195886 |
|  |  | &nbsp;&nbsp; 489946 |
| **Czech Republic — 0.5%** | **Czech Republic — 0.5%** | **Czech Republic — 0.5%** |
| &nbsp;&nbsp;&nbsp; CEZ A/S | &nbsp;&nbsp; 21506 | &nbsp;&nbsp; 1246045 |
| &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S (b) | &nbsp;&nbsp; 60180 | &nbsp;&nbsp; 418590 |
|  |  | &nbsp;&nbsp; 1664635 |
| **Egypt — 0.2%** | **Egypt — 0.2%** | **Egypt — 0.2%** |
| &nbsp;&nbsp;&nbsp; Commercial International Bank - Egypt (CIB) | &nbsp;&nbsp; 328483 | &nbsp;&nbsp; 636383 |
| **Greece — 2.6%** | **Greece — 2.6%** | **Greece — 2.6%** |
| &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and Holdings SA | &nbsp;&nbsp; 198983 | &nbsp;&nbsp; 730340 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp; 43133 | &nbsp;&nbsp; 782652 |
| &nbsp;&nbsp;&nbsp; HELLENiQ ENERGY Holdings S.A. | &nbsp;&nbsp; 29405 | &nbsp;&nbsp; 258557 |
| &nbsp;&nbsp;&nbsp; JUMBO SA | &nbsp;&nbsp; 25452 | &nbsp;&nbsp; 860918 |
| &nbsp;&nbsp;&nbsp; Metlen Energy & Metals SA | &nbsp;&nbsp; 19067 | &nbsp;&nbsp; 1048902 |
| &nbsp;&nbsp;&nbsp; Motor Oil Hellas Corinth Refineries SA | &nbsp;&nbsp; 26489 | &nbsp;&nbsp; 758843 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp; 66116 | &nbsp;&nbsp; 922223 |
| &nbsp;&nbsp;&nbsp; OPAP SA | &nbsp;&nbsp; 42112 | &nbsp;&nbsp; 944824 |
| &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings SA | &nbsp;&nbsp; 167878 | &nbsp;&nbsp; 1290888 |
| &nbsp;&nbsp;&nbsp; Public Power Corp. SA | &nbsp;&nbsp; 54868 | &nbsp;&nbsp; 889932 |
|  |  | &nbsp;&nbsp; 8488079 |
| **Hungary — 0.9%** | **Hungary — 0.9%** | **Hungary — 0.9%** |
| &nbsp;&nbsp;&nbsp; Magyar Telekom Telecommunications plc | &nbsp;&nbsp; 148894 | &nbsp;&nbsp; 739317 |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp; 85305 | &nbsp;&nbsp; 741174 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp; 4954 | &nbsp;&nbsp; 401997 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | &nbsp;&nbsp; 31757 | &nbsp;&nbsp; 953200 |
|  |  | &nbsp;&nbsp; 2835688 |
| **India — 10.1%** | **India — 10.1%** | **India — 10.1%** |
| &nbsp;&nbsp;&nbsp; Adani Power Ltd. \* | &nbsp;&nbsp; 135502 | &nbsp;&nbsp; 902990 |
| &nbsp;&nbsp;&nbsp; Aurobindo Pharma Ltd. \* | &nbsp;&nbsp; 22458 | &nbsp;&nbsp; 290365 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp; 11352 | &nbsp;&nbsp; 1033570 |
| &nbsp;&nbsp;&nbsp; Bajaj Holdings & Investment Ltd. | &nbsp;&nbsp; 1235 | &nbsp;&nbsp; 196097 |
| &nbsp;&nbsp;&nbsp; Bank of Baroda | &nbsp;&nbsp; 24198 | &nbsp;&nbsp; 65385 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp; 167334 | &nbsp;&nbsp; 625317 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp; 124112 | &nbsp;&nbsp; 151042 |
| &nbsp;&nbsp;&nbsp; Castrol India Ltd. | &nbsp;&nbsp; 40761 | &nbsp;&nbsp; 100975 |
| &nbsp;&nbsp;&nbsp; Cipla Ltd. | &nbsp;&nbsp; 56953 | &nbsp;&nbsp; 1005802 |
| &nbsp;&nbsp;&nbsp; Coal India Ltd. | &nbsp;&nbsp; 49053 | &nbsp;&nbsp; 209773 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive India Ltd. | &nbsp;&nbsp; 7758 | &nbsp;&nbsp; 198367 |
| &nbsp;&nbsp;&nbsp; Dabur India Ltd. | &nbsp;&nbsp; 63512 | &nbsp;&nbsp; 382667 |
| &nbsp;&nbsp;&nbsp; Divi's Laboratories Ltd. | &nbsp;&nbsp; 10396 | &nbsp;&nbsp; 778500 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp; 52570 | &nbsp;&nbsp; 758464 |
| &nbsp;&nbsp;&nbsp; GAIL India Ltd. | &nbsp;&nbsp; 108265 | &nbsp;&nbsp; 218090 |
| &nbsp;&nbsp;&nbsp; Glenmark Pharmaceuticals Ltd. | &nbsp;&nbsp; 9376 | &nbsp;&nbsp; 227544 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp; 70657 | &nbsp;&nbsp; 1177860 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp; 28236 | &nbsp;&nbsp; 218592 |
| &nbsp;&nbsp;&nbsp; Hindustan Petroleum Corp. Ltd. | &nbsp;&nbsp; 80566 | &nbsp;&nbsp; 382515 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp; 84064 | &nbsp;&nbsp; 2414284 |
| &nbsp;&nbsp;&nbsp; Hindustan Zinc Ltd. | &nbsp;&nbsp; 35215 | &nbsp;&nbsp; 169543 |
| &nbsp;&nbsp;&nbsp; ICICI Lombard General Insurance Co. Ltd. (b) | &nbsp;&nbsp; 3610 | &nbsp;&nbsp; 79223 |
| &nbsp;&nbsp;&nbsp; Indian Oil Corp. Ltd. \* | &nbsp;&nbsp; 366493 | &nbsp;&nbsp; 605460 |
| &nbsp;&nbsp;&nbsp; Indus Towers Ltd. \* | &nbsp;&nbsp; 114636 | &nbsp;&nbsp; 472766 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp; 224564 | &nbsp;&nbsp; 3819148 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp; 327324 | &nbsp;&nbsp; 1535050 |
| &nbsp;&nbsp;&nbsp; Jindal Steel & Power Ltd. | &nbsp;&nbsp; 24941 | &nbsp;&nbsp; 273433 |
| &nbsp;&nbsp;&nbsp; JSW Steel Ltd. | &nbsp;&nbsp; 35453 | &nbsp;&nbsp; 422910 |
| &nbsp;&nbsp;&nbsp; Mphasis Ltd. | &nbsp;&nbsp; 579 | &nbsp;&nbsp; 18281 |
| &nbsp;&nbsp;&nbsp; Nestle India Ltd. | &nbsp;&nbsp; 29211 | &nbsp;&nbsp; 747800 |
| &nbsp;&nbsp;&nbsp; NHPC Ltd. | &nbsp;&nbsp; 254984 | &nbsp;&nbsp; 240633 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. | &nbsp;&nbsp; 631781 | &nbsp;&nbsp; 507792 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp; 275602 | &nbsp;&nbsp; 1045998 |
| &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp. Ltd. | &nbsp;&nbsp; 244888 | &nbsp;&nbsp; 670930 |
| &nbsp;&nbsp;&nbsp; Oil India Ltd. | &nbsp;&nbsp; 40737 | &nbsp;&nbsp; 203773 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp; 91930 | &nbsp;&nbsp; 301388 |
| &nbsp;&nbsp;&nbsp; Piramal Enterprises Ltd. | &nbsp;&nbsp; 3529 | &nbsp;&nbsp; 50201 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp; 228478 | &nbsp;&nbsp; 755295 |
| &nbsp;&nbsp;&nbsp; REC Ltd. | &nbsp;&nbsp; 113050 | &nbsp;&nbsp; 506726 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | &nbsp;&nbsp; 132842 | &nbsp;&nbsp; 2097907 |
| &nbsp;&nbsp;&nbsp; Steel Authority of India Ltd. | &nbsp;&nbsp; 130743 | &nbsp;&nbsp; 184624 |
| &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries Ltd. | &nbsp;&nbsp; 50627 | &nbsp;&nbsp; 983178 |
| &nbsp;&nbsp;&nbsp; Suzlon Energy Ltd. \* | &nbsp;&nbsp; 244560 | &nbsp;&nbsp; 170627 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp; 51986 | &nbsp;&nbsp; 1792813 |
| &nbsp;&nbsp;&nbsp; Tata Motors Ltd. | &nbsp;&nbsp; 98959 | &nbsp;&nbsp; 747998 |
| &nbsp;&nbsp;&nbsp; Tata Power Co. Ltd. (The) | &nbsp;&nbsp; 173362 | &nbsp;&nbsp; 783078 |
| &nbsp;&nbsp;&nbsp; Tata Steel Ltd. | &nbsp;&nbsp; 494945 | &nbsp;&nbsp; 888837 |
| &nbsp;&nbsp;&nbsp; Titan Co. Ltd. | &nbsp;&nbsp; 8849 | &nbsp;&nbsp; 336850 |
| &nbsp;&nbsp;&nbsp; Torrent Power Ltd. | &nbsp;&nbsp; 15432 | &nbsp;&nbsp; 229158 |
| &nbsp;&nbsp;&nbsp; Union Bank of India Ltd. | &nbsp;&nbsp; 88663 | &nbsp;&nbsp; 131675 |
| &nbsp;&nbsp;&nbsp; United Breweries Ltd. | &nbsp;&nbsp; 2770 | &nbsp;&nbsp; 61302 |
| &nbsp;&nbsp;&nbsp; UPL Ltd. | &nbsp;&nbsp; 12381 | &nbsp;&nbsp; 99052 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp; 121058 | &nbsp;&nbsp; 584633 |
| &nbsp;&nbsp;&nbsp; Zydus Lifesciences Ltd. | &nbsp;&nbsp; 18711 | &nbsp;&nbsp; 206059 |
|  |  | &nbsp;&nbsp; 33062340 |
| **Indonesia — 1.9%** | **Indonesia — 1.9%** | **Indonesia — 1.9%** |
| &nbsp;&nbsp;&nbsp; Alamtri Resources Indonesia Tbk. PT | &nbsp;&nbsp; 5207500 | &nbsp;&nbsp; 583747 |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp; 3439200 | &nbsp;&nbsp; 1063127 |
| &nbsp;&nbsp;&nbsp; Bukit Asam Tbk. PT | &nbsp;&nbsp; 2631800 | &nbsp;&nbsp; 386404 |
| &nbsp;&nbsp;&nbsp; Gudang Garam Tbk. PT | &nbsp;&nbsp; 73500 | &nbsp;&nbsp; 39419 |
| &nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur Tbk. PT | &nbsp;&nbsp; 773400 | &nbsp;&nbsp; 459422 |
| &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk. PT | &nbsp;&nbsp; 1349900 | &nbsp;&nbsp; 697029 |
| &nbsp;&nbsp;&nbsp; Kalbe Farma Tbk. PT | &nbsp;&nbsp; 433700 | &nbsp;&nbsp; 37511 |
| &nbsp;&nbsp;&nbsp; Perusahaan Gas Negara Tbk. PT | &nbsp;&nbsp; 5118700 | &nbsp;&nbsp; 506034 |
| &nbsp;&nbsp;&nbsp; Sarana Menara Nusantara Tbk. PT | &nbsp;&nbsp; 1392200 | &nbsp;&nbsp; 51530 |
| &nbsp;&nbsp;&nbsp; Sumber Alfaria Trijaya Tbk. PT | &nbsp;&nbsp; 1487600 | &nbsp;&nbsp; 209085 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp; 5473800 | &nbsp;&nbsp; 961172 |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk. PT | &nbsp;&nbsp; 1629800 | &nbsp;&nbsp; 169082 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 564148 |
| &nbsp;&nbsp;&nbsp; XLSMART Telecom Sejahtera Tbk. PT | &nbsp;&nbsp; 2431600 | &nbsp;&nbsp; 372387 |
|  |  | &nbsp;&nbsp; 6100097 |
| **Kuwait — 0.8%** | **Kuwait — 0.8%** | **Kuwait — 0.8%** |
| &nbsp;&nbsp;&nbsp; Agility Global plc | &nbsp;&nbsp; 603553 | &nbsp;&nbsp; 193897 |
| &nbsp;&nbsp;&nbsp; Agility Public Warehousing Co. KSC | &nbsp;&nbsp; 445752 | &nbsp;&nbsp; 207816 |
| &nbsp;&nbsp;&nbsp; Mobile Telecommunications Co. KSCP | &nbsp;&nbsp; 540444 | &nbsp;&nbsp; 938220 |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait SAKP | &nbsp;&nbsp; 355528 | &nbsp;&nbsp; 1216894 |
|  |  | &nbsp;&nbsp; 2556827 |
| **Malaysia — 3.1%** | **Malaysia — 3.1%** | **Malaysia — 3.1%** |
| &nbsp;&nbsp;&nbsp; AMMB Holdings Bhd. | &nbsp;&nbsp; 408500 | &nbsp;&nbsp; 482678 |
| &nbsp;&nbsp;&nbsp; Axiata Group Bhd. | &nbsp;&nbsp; 44600 | &nbsp;&nbsp; 28166 |
| &nbsp;&nbsp;&nbsp; CELCOMDIGI Bhd. | &nbsp;&nbsp; 186500 | &nbsp;&nbsp; 167916 |
| &nbsp;&nbsp;&nbsp; CIMB Group Holdings Bhd. | &nbsp;&nbsp; 606500 | &nbsp;&nbsp; 927106 |
| &nbsp;&nbsp;&nbsp; Genting Bhd. | &nbsp;&nbsp; 297600 | &nbsp;&nbsp; 217752 |
| &nbsp;&nbsp;&nbsp; Genting Malaysia Bhd. | &nbsp;&nbsp; 476700 | &nbsp;&nbsp; 218067 |
| &nbsp;&nbsp;&nbsp; Hong Leong Financial Group Bhd. | &nbsp;&nbsp; 10200 | &nbsp;&nbsp; 38542 |
| &nbsp;&nbsp;&nbsp; IHH Healthcare Bhd. | &nbsp;&nbsp; 212900 | &nbsp;&nbsp; 331954 |
| &nbsp;&nbsp;&nbsp; Kuala Lumpur Kepong Bhd. | &nbsp;&nbsp; 56200 | &nbsp;&nbsp; 258006 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp; 532008 | &nbsp;&nbsp; 1170109 |
| &nbsp;&nbsp;&nbsp; Maxis Bhd. | &nbsp;&nbsp; 673900 | &nbsp;&nbsp; 542221 |
| &nbsp;&nbsp;&nbsp; Petronas Chemicals Group Bhd. | &nbsp;&nbsp; 336100 | &nbsp;&nbsp; 304167 |
| &nbsp;&nbsp;&nbsp; Petronas Gas Bhd. | &nbsp;&nbsp; 205500 | &nbsp;&nbsp; 866328 |
| &nbsp;&nbsp;&nbsp; PPB Group Bhd. | &nbsp;&nbsp; 186560 | &nbsp;&nbsp; 411855 |
| &nbsp;&nbsp;&nbsp; Press Metal Aluminium Holdings Bhd. | &nbsp;&nbsp; 341300 | &nbsp;&nbsp; 426252 |
| &nbsp;&nbsp;&nbsp; RHB Bank Bhd. | &nbsp;&nbsp; 538700 | &nbsp;&nbsp; 773407 |
| &nbsp;&nbsp;&nbsp; SD Guthrie Bhd. | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 251342 |
| &nbsp;&nbsp;&nbsp; Sime Darby Bhd. | &nbsp;&nbsp; 876000 | &nbsp;&nbsp; 333937 |
| &nbsp;&nbsp;&nbsp; Telekom Malaysia Bhd. | &nbsp;&nbsp; 432600 | &nbsp;&nbsp; 682976 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp; 429500 | &nbsp;&nbsp; 1308235 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Malaysia — continued** | **Malaysia — continued** | **Malaysia — continued** |
| &nbsp;&nbsp;&nbsp; YTL Corp. Bhd. | &nbsp;&nbsp; 238900 | &nbsp;&nbsp; 138296 |
| &nbsp;&nbsp;&nbsp; YTL Power International Bhd. | &nbsp;&nbsp; 137200 | &nbsp;&nbsp; 130756 |
|  |  | &nbsp;&nbsp; 10010068 |
| **Mexico — 6.2%** | **Mexico — 6.2%** | **Mexico — 6.2%** |
| &nbsp;&nbsp;&nbsp; Alfa SAB de CV, Class A | &nbsp;&nbsp; 1003829 | &nbsp;&nbsp; 732186 |
| &nbsp;&nbsp;&nbsp; Alsea SAB de CV \* | &nbsp;&nbsp; 25490 | &nbsp;&nbsp; 76423 |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV | &nbsp;&nbsp; 1393423 | &nbsp;&nbsp; 1260100 |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp; 101936 | &nbsp;&nbsp; 1062750 |
| &nbsp;&nbsp;&nbsp; Banco del Bajio SA (b) | &nbsp;&nbsp; 87051 | &nbsp;&nbsp; 195651 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV | &nbsp;&nbsp; 2011448 | &nbsp;&nbsp; 1755019 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Femsa SAB de CV | &nbsp;&nbsp; 103156 | &nbsp;&nbsp; 857401 |
| &nbsp;&nbsp;&nbsp; Controladora Alpek SAB de CV \* | &nbsp;&nbsp; 1012121 | &nbsp;&nbsp; 144857 |
| &nbsp;&nbsp;&nbsp; El Puerto de Liverpool SAB de CV, Class C1 | &nbsp;&nbsp; 71248 | &nbsp;&nbsp; 347761 |
| &nbsp;&nbsp;&nbsp; Fibra Uno Administracion SA de CV, REIT | &nbsp;&nbsp; 317577 | &nbsp;&nbsp; 451325 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp; 142539 | &nbsp;&nbsp; 1288631 |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Class B | &nbsp;&nbsp; 48828 | &nbsp;&nbsp; 841115 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Centro Norte SAB de CV | &nbsp;&nbsp; 68599 | &nbsp;&nbsp; 912714 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | &nbsp;&nbsp; 30263 | &nbsp;&nbsp; 917611 |
| &nbsp;&nbsp;&nbsp; Grupo Carso SAB de CV | &nbsp;&nbsp; 44987 | &nbsp;&nbsp; 319786 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp; 274594 | &nbsp;&nbsp; 2445510 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp; 271463 | &nbsp;&nbsp; 1693532 |
| &nbsp;&nbsp;&nbsp; Industrias Penoles SAB de CV \* | &nbsp;&nbsp; 12323 | &nbsp;&nbsp; 323638 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico SAB de CV, Class A | &nbsp;&nbsp; 415606 | &nbsp;&nbsp; 778118 |
| &nbsp;&nbsp;&nbsp; Megacable Holdings SAB de CV | &nbsp;&nbsp; 167798 | &nbsp;&nbsp; 462879 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV | &nbsp;&nbsp; 179047 | &nbsp;&nbsp; 121769 |
| &nbsp;&nbsp;&nbsp; Prologis Property Mexico SA de CV, REIT | &nbsp;&nbsp; 179826 | &nbsp;&nbsp; 681556 |
| &nbsp;&nbsp;&nbsp; Promotora y Operadora de Infraestructura SAB de CV | &nbsp;&nbsp; 68609 | &nbsp;&nbsp; 810979 |
| &nbsp;&nbsp;&nbsp; Qualitas Controladora SAB de CV | &nbsp;&nbsp; 31812 | &nbsp;&nbsp; 288273 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp; 548847 | &nbsp;&nbsp; 1617593 |
|  |  | &nbsp;&nbsp; 20387177 |
| **Philippines — 0.3%** | **Philippines — 0.3%** | **Philippines — 0.3%** |
| &nbsp;&nbsp;&nbsp; Globe Telecom, Inc. | &nbsp;&nbsp; 3843 | &nbsp;&nbsp; 109874 |
| &nbsp;&nbsp;&nbsp; Manila Electric Co. | &nbsp;&nbsp; 74210 | &nbsp;&nbsp; 683166 |
| &nbsp;&nbsp;&nbsp; PLDT, Inc. | &nbsp;&nbsp; 11535 | &nbsp;&nbsp; 260510 |
| &nbsp;&nbsp;&nbsp; Puregold Price Club, Inc. | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 89144 |
|  |  | &nbsp;&nbsp; 1142694 |
| **Qatar — 1.3%** | **Qatar — 1.3%** | **Qatar — 1.3%** |
| &nbsp;&nbsp;&nbsp; Industries Qatar QSC | &nbsp;&nbsp; 255525 | &nbsp;&nbsp; 932691 |
| &nbsp;&nbsp;&nbsp; Mesaieed Petrochemical Holding Co. | &nbsp;&nbsp; 404959 | &nbsp;&nbsp; 150544 |
| &nbsp;&nbsp;&nbsp; Ooredoo QPSC | &nbsp;&nbsp; 241588 | &nbsp;&nbsp; 892809 |
| &nbsp;&nbsp;&nbsp; Qatar Electricity & Water Co. QSC | &nbsp;&nbsp; 129700 | &nbsp;&nbsp; 573516 |
| &nbsp;&nbsp;&nbsp; Qatar Fuel QSC | &nbsp;&nbsp; 81523 | &nbsp;&nbsp; 340332 |
| &nbsp;&nbsp;&nbsp; Qatar Gas Transport Co. Ltd. | &nbsp;&nbsp; 657808 | &nbsp;&nbsp; 869008 |
| &nbsp;&nbsp;&nbsp; Qatar International Islamic Bank QSC | &nbsp;&nbsp; 42982 | &nbsp;&nbsp; 131300 |
| &nbsp;&nbsp;&nbsp; Qatar Navigation QSC | &nbsp;&nbsp; 153524 | &nbsp;&nbsp; 457072 |
|  |  | &nbsp;&nbsp; 4347272 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Romania — 0.3%** | **Romania — 0.3%** | **Romania — 0.3%** |
| &nbsp;&nbsp;&nbsp; NEPI Rockcastle NV | &nbsp;&nbsp; 125560 | &nbsp;&nbsp; 959677 |
| **Russia — 0.0% ^** | **Russia — 0.0% ^** | **Russia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Alrosa PJSC ‡ | &nbsp;&nbsp; 200448 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Federal Grid Co. - Rosseti PJSC ‡ \* | &nbsp;&nbsp; 170798392 | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; GMK Norilskiy Nickel PAO ‡ \* | &nbsp;&nbsp; 308700 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Inter RAO UES PJSC ‡ \* | &nbsp;&nbsp; 6142220 | &nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp; LUKOIL PJSC ‡ \* | &nbsp;&nbsp; 17853 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; M.Video PJSC ‡ \* | &nbsp;&nbsp; 8526 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Magnit PJSC ‡ \* | &nbsp;&nbsp; 7858 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel Works PJSC ‡ | &nbsp;&nbsp; 334440 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Mobile TeleSystems PJSC ‡ \* | &nbsp;&nbsp; 120496 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Novolipetsk Steel PJSC ‡ \* | &nbsp;&nbsp; 155019 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; PhosAgro PJSC ‡ | &nbsp;&nbsp; 1940 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Rostelecom PJSC ‡ | &nbsp;&nbsp; 157186 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; RusHydro PJSC ‡ \* | &nbsp;&nbsp; 35715691 | &nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC ‡ \* | &nbsp;&nbsp; 537391 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Severstal PAO ‡ | &nbsp;&nbsp; 20498 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Sistema AFK PAO ‡ \* | &nbsp;&nbsp; 308352 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Surgutneftegas PAO (Preference) ‡ \* | &nbsp;&nbsp; 655737 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Tatneft PJSC ‡ | &nbsp;&nbsp; 17275 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Unipro PAO ‡ \* | &nbsp;&nbsp; 4941067 | &nbsp;&nbsp; 5 |
|  |  | &nbsp;&nbsp; 178 |
| **Saudi Arabia — 4.5%** | **Saudi Arabia — 4.5%** | **Saudi Arabia — 4.5%** |
| &nbsp;&nbsp;&nbsp; Abdullah Al Othaim Markets Co. | &nbsp;&nbsp; 177891 | &nbsp;&nbsp; 346054 |
| &nbsp;&nbsp;&nbsp; Almarai Co. JSC | &nbsp;&nbsp; 55620 | &nbsp;&nbsp; 709361 |
| &nbsp;&nbsp;&nbsp; Arab National Bank | &nbsp;&nbsp; 40628 | &nbsp;&nbsp; 235027 |
| &nbsp;&nbsp;&nbsp; Arabian Centres Co. (b) | &nbsp;&nbsp; 29528 | &nbsp;&nbsp; 163209 |
| &nbsp;&nbsp;&nbsp; Catrion Catering Holding Co. | &nbsp;&nbsp; 21915 | &nbsp;&nbsp; 661826 |
| &nbsp;&nbsp;&nbsp; Elm Co. | &nbsp;&nbsp; 4060 | &nbsp;&nbsp; 983642 |
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | &nbsp;&nbsp; 66810 | &nbsp;&nbsp; 1090019 |
| &nbsp;&nbsp;&nbsp; Jamjoom Pharmaceuticals Factory Co. | &nbsp;&nbsp; 12250 | &nbsp;&nbsp; 528990 |
| &nbsp;&nbsp;&nbsp; Jarir Marketing Co. | &nbsp;&nbsp; 135095 | &nbsp;&nbsp; 462410 |
| &nbsp;&nbsp;&nbsp; Leejam Sports Co. JSC | &nbsp;&nbsp; 9277 | &nbsp;&nbsp; 350535 |
| &nbsp;&nbsp;&nbsp; Mobile Telecommunications Co. Saudi Arabia | &nbsp;&nbsp; 100984 | &nbsp;&nbsp; 279750 |
| &nbsp;&nbsp;&nbsp; Mouwasat Medical Services Co. | &nbsp;&nbsp; 15564 | &nbsp;&nbsp; 314685 |
| &nbsp;&nbsp;&nbsp; Riyadh Cables Group Co. | &nbsp;&nbsp; 17802 | &nbsp;&nbsp; 620960 |
| &nbsp;&nbsp;&nbsp; SABIC Agri-Nutrients Co. | &nbsp;&nbsp; 27596 | &nbsp;&nbsp; 875333 |
| &nbsp;&nbsp;&nbsp; Sahara International Petrochemical Co. | &nbsp;&nbsp; 62562 | &nbsp;&nbsp; 298180 |
| &nbsp;&nbsp;&nbsp; SAL Saudi Logistics Services | &nbsp;&nbsp; 4915 | &nbsp;&nbsp; 225331 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Mining Co. \* | &nbsp;&nbsp; 14030 | &nbsp;&nbsp; 193972 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (b) | &nbsp;&nbsp; 333789 | &nbsp;&nbsp; 2159833 |
| &nbsp;&nbsp;&nbsp; Saudi Aramco Base Oil Co. | &nbsp;&nbsp; 19072 | &nbsp;&nbsp; 529225 |
| &nbsp;&nbsp;&nbsp; Saudi Cement Co. | &nbsp;&nbsp; 35875 | &nbsp;&nbsp; 365722 |
| &nbsp;&nbsp;&nbsp; Saudi Investment Bank (The) | &nbsp;&nbsp; 48228 | &nbsp;&nbsp; 184797 |
| &nbsp;&nbsp;&nbsp; Saudi Telecom Co. | &nbsp;&nbsp; 184183 | &nbsp;&nbsp; 2061688 |
| &nbsp;&nbsp;&nbsp; Savola Group (The) \* | &nbsp;&nbsp; 29508 | &nbsp;&nbsp; 194578 |
| &nbsp;&nbsp;&nbsp; Seera Group Holding \* | &nbsp;&nbsp; 32245 | &nbsp;&nbsp; 221880 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Saudi Arabia — continued** | **Saudi Arabia — continued** | **Saudi Arabia — continued** |
| &nbsp;&nbsp;&nbsp; United Electronics Co. | &nbsp;&nbsp; 16277 | &nbsp;&nbsp; 389449 |
| &nbsp;&nbsp;&nbsp; Yanbu National Petrochemical Co. | &nbsp;&nbsp; 17961 | &nbsp;&nbsp; 145910 |
|  |  | &nbsp;&nbsp; 14592366 |
| **South Africa — 6.2%** | **South Africa — 6.2%** | **South Africa — 6.2%** |
| &nbsp;&nbsp;&nbsp; African Rainbow Minerals Ltd. | &nbsp;&nbsp; 58233 | &nbsp;&nbsp; 590521 |
| &nbsp;&nbsp;&nbsp; Aspen Pharmacare Holdings Ltd. | &nbsp;&nbsp; 70538 | &nbsp;&nbsp; 454216 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp; 41457 | &nbsp;&nbsp; 1042328 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. | &nbsp;&nbsp; 69576 | &nbsp;&nbsp; 905100 |
| &nbsp;&nbsp;&nbsp; Clicks Group Ltd. | &nbsp;&nbsp; 32532 | &nbsp;&nbsp; 682045 |
| &nbsp;&nbsp;&nbsp; Exxaro Resources Ltd. | &nbsp;&nbsp; 85754 | &nbsp;&nbsp; 749819 |
| &nbsp;&nbsp;&nbsp; Foschini Group Ltd. | &nbsp;&nbsp; 71253 | &nbsp;&nbsp; 481155 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp; 19124 | &nbsp;&nbsp; 466376 |
| &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co. Ltd. | &nbsp;&nbsp; 82707 | &nbsp;&nbsp; 1107399 |
| &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. \* | &nbsp;&nbsp; 84277 | &nbsp;&nbsp; 796537 |
| &nbsp;&nbsp;&nbsp; Investec Ltd. | &nbsp;&nbsp; 88800 | &nbsp;&nbsp; 652067 |
| &nbsp;&nbsp;&nbsp; Kumba Iron Ore Ltd. | &nbsp;&nbsp; 23636 | &nbsp;&nbsp; 390840 |
| &nbsp;&nbsp;&nbsp; Mr Price Group Ltd. | &nbsp;&nbsp; 58085 | &nbsp;&nbsp; 672141 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp; 203487 | &nbsp;&nbsp; 1710314 |
| &nbsp;&nbsp;&nbsp; MultiChoice Group \* | &nbsp;&nbsp; 41152 | &nbsp;&nbsp; 271881 |
| &nbsp;&nbsp;&nbsp; Naspers Ltd., Class N | &nbsp;&nbsp; 10270 | &nbsp;&nbsp; 3170165 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp; 69203 | &nbsp;&nbsp; 944310 |
| &nbsp;&nbsp;&nbsp; Pepkor Holdings Ltd. (b) | &nbsp;&nbsp; 394256 | &nbsp;&nbsp; 592076 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp; 52611 | &nbsp;&nbsp; 766829 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. \* | &nbsp;&nbsp; 232934 | &nbsp;&nbsp; 489926 |
| &nbsp;&nbsp;&nbsp; Tiger Brands Ltd. | &nbsp;&nbsp; 46607 | &nbsp;&nbsp; 776517 |
| &nbsp;&nbsp;&nbsp; Valterra Platinum Ltd. | &nbsp;&nbsp; 21525 | &nbsp;&nbsp; 966686 |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | &nbsp;&nbsp; 116821 | &nbsp;&nbsp; 891921 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | &nbsp;&nbsp; 246054 | &nbsp;&nbsp; 675370 |
|  |  | &nbsp;&nbsp; 20246539 |
| **Taiwan — 10.0%** | **Taiwan — 10.0%** | **Taiwan — 10.0%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 265808 |
| &nbsp;&nbsp;&nbsp; Capital Securities Corp. | &nbsp;&nbsp; 838000 | &nbsp;&nbsp; 566653 |
| &nbsp;&nbsp;&nbsp; Catcher Technology Co. Ltd. | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 112994 |
| &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co. Ltd. | &nbsp;&nbsp; 478000 | &nbsp;&nbsp; 968828 |
| &nbsp;&nbsp;&nbsp; Cheng Shin Rubber Industry Co. Ltd. | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 715662 |
| &nbsp;&nbsp;&nbsp; China Airlines Ltd. | &nbsp;&nbsp; 1042000 | &nbsp;&nbsp; 714018 |
| &nbsp;&nbsp;&nbsp; China Motor Corp. | &nbsp;&nbsp; 106000 | &nbsp;&nbsp; 195508 |
| &nbsp;&nbsp;&nbsp; Chunghwa Telecom Co. Ltd. | &nbsp;&nbsp; 414000 | &nbsp;&nbsp; 1789011 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp; 1590395 | &nbsp;&nbsp; 2185357 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp; 824831 | &nbsp;&nbsp; 882152 |
| &nbsp;&nbsp;&nbsp; Eclat Textile Co. Ltd. | &nbsp;&nbsp; 46000 | &nbsp;&nbsp; 615312 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp; 659000 | &nbsp;&nbsp; 830933 |
| &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan Ltd. | &nbsp;&nbsp; 153800 | &nbsp;&nbsp; 1014910 |
| &nbsp;&nbsp;&nbsp; Far EasTone Telecommunications Co. Ltd. | &nbsp;&nbsp; 297000 | &nbsp;&nbsp; 810038 |
| &nbsp;&nbsp;&nbsp; Feng TAY Enterprise Co. Ltd. | &nbsp;&nbsp; 113960 | &nbsp;&nbsp; 450670 |
| &nbsp;&nbsp;&nbsp; First Financial Holding Co. Ltd. | &nbsp;&nbsp; 727609 | &nbsp;&nbsp; 718757 |
| &nbsp;&nbsp;&nbsp; Formosa Taffeta Co. Ltd. | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 202410 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Taiwan — continued** | **Taiwan — continued** | **Taiwan — continued** |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp; 282416 | &nbsp;&nbsp; 775139 |
| &nbsp;&nbsp;&nbsp; Giant Manufacturing Co. Ltd. | &nbsp;&nbsp; 66000 | &nbsp;&nbsp; 252791 |
| &nbsp;&nbsp;&nbsp; International Games System Co. Ltd. | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 653692 |
| &nbsp;&nbsp;&nbsp; King Slide Works Co. Ltd. | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 880496 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp; 51000 | &nbsp;&nbsp; 2309513 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp; 1300694 | &nbsp;&nbsp; 1850232 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp; 57000 | &nbsp;&nbsp; 813659 |
| &nbsp;&nbsp;&nbsp; Pou Chen Corp. | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 658287 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | &nbsp;&nbsp; 112000 | &nbsp;&nbsp; 959783 |
| &nbsp;&nbsp;&nbsp; SinoPac Financial Holdings Co. Ltd. | &nbsp;&nbsp; 1580787 | &nbsp;&nbsp; 1304323 |
| &nbsp;&nbsp;&nbsp; Taiwan Cooperative Financial Holding Co. Ltd. | &nbsp;&nbsp; 472655 | &nbsp;&nbsp; 401165 |
| &nbsp;&nbsp;&nbsp; Taiwan Fertilizer Co. Ltd. | &nbsp;&nbsp; 379000 | &nbsp;&nbsp; 658276 |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 934204 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp; 99000 | &nbsp;&nbsp; 3811430 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp; 591000 | &nbsp;&nbsp; 1559805 |
| &nbsp;&nbsp;&nbsp; Yang Ming Marine Transport Corp. | &nbsp;&nbsp; 267000 | &nbsp;&nbsp; 541666 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp; 1323820 | &nbsp;&nbsp; 1373175 |
|  |  | &nbsp;&nbsp; 32776657 |
| **Thailand — 4.0%** | **Thailand — 4.0%** | **Thailand — 4.0%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL | &nbsp;&nbsp; 146700 | &nbsp;&nbsp; 1303393 |
| &nbsp;&nbsp;&nbsp; Bangkok Bank PCL | &nbsp;&nbsp; 112100 | &nbsp;&nbsp; 506700 |
| &nbsp;&nbsp;&nbsp; Banpu PCL, NVDR | &nbsp;&nbsp; 3066300 | &nbsp;&nbsp; 472370 |
| &nbsp;&nbsp;&nbsp; Carabao Group PCL, NVDR | &nbsp;&nbsp; 194000 | &nbsp;&nbsp; 327222 |
| &nbsp;&nbsp;&nbsp; Charoen Pokphand Foods PCL, NVDR | &nbsp;&nbsp; 1054100 | &nbsp;&nbsp; 735149 |
| &nbsp;&nbsp;&nbsp; CP ALL PCL, NVDR | &nbsp;&nbsp; 585800 | &nbsp;&nbsp; 846386 |
| &nbsp;&nbsp;&nbsp; CP Axtra PCL, NVDR | &nbsp;&nbsp; 69692 | &nbsp;&nbsp; 43833 |
| &nbsp;&nbsp;&nbsp; Digital Telecommunications Infrastructure Fund, Class F | &nbsp;&nbsp; 1196700 | &nbsp;&nbsp; 298443 |
| &nbsp;&nbsp;&nbsp; Electricity Generating PCL | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 152157 |
| &nbsp;&nbsp;&nbsp; Indorama Ventures PCL, NVDR | &nbsp;&nbsp; 483900 | &nbsp;&nbsp; 340017 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL, NVDR | &nbsp;&nbsp; 257600 | &nbsp;&nbsp; 1273790 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL | &nbsp;&nbsp; 1336100 | &nbsp;&nbsp; 879013 |
| &nbsp;&nbsp;&nbsp; Minor International PCL, NVDR | &nbsp;&nbsp; 198500 | &nbsp;&nbsp; 150963 |
| &nbsp;&nbsp;&nbsp; Osotspa PCL, NVDR | &nbsp;&nbsp; 289600 | &nbsp;&nbsp; 158139 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL | &nbsp;&nbsp; 258800 | &nbsp;&nbsp; 996310 |
| &nbsp;&nbsp;&nbsp; PTT PCL, NVDR | &nbsp;&nbsp; 1543000 | &nbsp;&nbsp; 1568882 |
| &nbsp;&nbsp;&nbsp; Ratch Group PCL | &nbsp;&nbsp; 10100 | &nbsp;&nbsp; 8168 |
| &nbsp;&nbsp;&nbsp; SCB X PCL, NVDR | &nbsp;&nbsp; 291700 | &nbsp;&nbsp; 1126878 |
| &nbsp;&nbsp;&nbsp; Thai Oil PCL | &nbsp;&nbsp; 520800 | &nbsp;&nbsp; 547803 |
| &nbsp;&nbsp;&nbsp; Thai Union Group PCL, Class F | &nbsp;&nbsp; 960500 | &nbsp;&nbsp; 325322 |
| &nbsp;&nbsp;&nbsp; TMBThanachart Bank PCL, NVDR | &nbsp;&nbsp; 9098200 | &nbsp;&nbsp; 536680 |
| &nbsp;&nbsp;&nbsp; True Corp. PCL, NVDR \* | &nbsp;&nbsp; 1722800 | &nbsp;&nbsp; 546589 |
|  |  | &nbsp;&nbsp; 13144207 |
| **Turkey — 6.4%** | **Turkey — 6.4%** | **Turkey — 6.4%** |
| &nbsp;&nbsp;&nbsp; AG Anadolu Grubu Holding A/S | &nbsp;&nbsp; 64462 | &nbsp;&nbsp; 443874 |
| &nbsp;&nbsp;&nbsp; Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S \* | &nbsp;&nbsp; 506402 | &nbsp;&nbsp; 368000 |
| &nbsp;&nbsp;&nbsp; Akbank TAS | &nbsp;&nbsp; 468257 | &nbsp;&nbsp; 776350 |
| &nbsp;&nbsp;&nbsp; Akcansa Cimento A/S | &nbsp;&nbsp; 134509 | &nbsp;&nbsp; 471448 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Turkey — continued** | **Turkey — continued** | **Turkey — continued** |
| &nbsp;&nbsp;&nbsp; Aksa Enerji Uretim A/S \* | &nbsp;&nbsp; 191540 | &nbsp;&nbsp; 187450 |
| &nbsp;&nbsp;&nbsp; Anadolu Efes Biracilik ve Malt Sanayii A/S | &nbsp;&nbsp; 1027402 | &nbsp;&nbsp; 382992 |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp; 264115 | &nbsp;&nbsp; 1214737 |
| &nbsp;&nbsp;&nbsp; Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S \* | &nbsp;&nbsp; 118408 | &nbsp;&nbsp; 304535 |
| &nbsp;&nbsp;&nbsp; Aygaz A/S | &nbsp;&nbsp; 109955 | &nbsp;&nbsp; 442315 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp; 59102 | &nbsp;&nbsp; 772356 |
| &nbsp;&nbsp;&nbsp; Celebi Hava Servisi A/S | &nbsp;&nbsp; 6325 | &nbsp;&nbsp; 261914 |
| &nbsp;&nbsp;&nbsp; Cimsa Cimento Sanayi ve Ticaret A/S | &nbsp;&nbsp; 458768 | &nbsp;&nbsp; 582331 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Icecek A/S | &nbsp;&nbsp; 295196 | &nbsp;&nbsp; 368425 |
| &nbsp;&nbsp;&nbsp; Dogan Sirketler Grubu Holding A/S \* | &nbsp;&nbsp; 1303250 | &nbsp;&nbsp; 509674 |
| &nbsp;&nbsp;&nbsp; Dogus Otomotiv Servis ve Ticaret A/S | &nbsp;&nbsp; 76617 | &nbsp;&nbsp; 346780 |
| &nbsp;&nbsp;&nbsp; EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | &nbsp;&nbsp; 409445 | &nbsp;&nbsp; 500397 |
| &nbsp;&nbsp;&nbsp; Enerjisa Enerji A/S (b) | &nbsp;&nbsp; 102758 | &nbsp;&nbsp; 163687 |
| &nbsp;&nbsp;&nbsp; Enerya Enerji A/S \* | &nbsp;&nbsp; 2277304 | &nbsp;&nbsp; 480157 |
| &nbsp;&nbsp;&nbsp; Enka Insaat ve Sanayi A/S | &nbsp;&nbsp; 460889 | &nbsp;&nbsp; 787017 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp; 214866 | &nbsp;&nbsp; 502934 |
| &nbsp;&nbsp;&nbsp; Is Gayrimenkul Yatirim Ortakligi A/S, REIT \* | &nbsp;&nbsp; 81334 | &nbsp;&nbsp; 36577 |
| &nbsp;&nbsp;&nbsp; Is Yatirim Menkul Degerler A/S | &nbsp;&nbsp; 322553 | &nbsp;&nbsp; 332288 |
| &nbsp;&nbsp;&nbsp; KOC Holding A/S | &nbsp;&nbsp; 145028 | &nbsp;&nbsp; 638904 |
| &nbsp;&nbsp;&nbsp; Mavi Giyim Sanayi ve Ticaret A/S, Class B (b) | &nbsp;&nbsp; 443317 | &nbsp;&nbsp; 460853 |
| &nbsp;&nbsp;&nbsp; Migros Ticaret A/S | &nbsp;&nbsp; 45504 | &nbsp;&nbsp; 586828 |
| &nbsp;&nbsp;&nbsp; MLP Saglik Hizmetleri A/S \* (b) | &nbsp;&nbsp; 57035 | &nbsp;&nbsp; 535998 |
| &nbsp;&nbsp;&nbsp; Nuh Cimento Sanayi A/S | &nbsp;&nbsp; 43154 | &nbsp;&nbsp; 248114 |
| &nbsp;&nbsp;&nbsp; Oyak Cimento Fabrikalari A/S \* | &nbsp;&nbsp; 856856 | &nbsp;&nbsp; 503627 |
| &nbsp;&nbsp;&nbsp; Pegasus Hava Tasimaciligi A/S \* | &nbsp;&nbsp; 91456 | &nbsp;&nbsp; 566479 |
| &nbsp;&nbsp;&nbsp; Sok Marketler Ticaret A/S | &nbsp;&nbsp; 386660 | &nbsp;&nbsp; 354936 |
| &nbsp;&nbsp;&nbsp; TAV Havalimanlari Holding A/S \* | &nbsp;&nbsp; 77830 | &nbsp;&nbsp; 470291 |
| &nbsp;&nbsp;&nbsp; Tekfen Holding A/S \* | &nbsp;&nbsp; 227644 | &nbsp;&nbsp; 604512 |
| &nbsp;&nbsp;&nbsp; Torunlar Gayrimenkul Yatirim Ortakligi A/S, REIT | &nbsp;&nbsp; 365032 | &nbsp;&nbsp; 655974 |
| &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO | &nbsp;&nbsp; 98636 | &nbsp;&nbsp; 698308 |
| &nbsp;&nbsp;&nbsp; Turk Telekomunikasyon A/S \* | &nbsp;&nbsp; 450917 | &nbsp;&nbsp; 604448 |
| &nbsp;&nbsp;&nbsp; Turk Traktor ve Ziraat Makineleri A/S | &nbsp;&nbsp; 16439 | &nbsp;&nbsp; 238923 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S | &nbsp;&nbsp; 290486 | &nbsp;&nbsp; 665965 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp; 56907 | &nbsp;&nbsp; 199511 |
| &nbsp;&nbsp;&nbsp; Turkiye Is Bankasi A/S, Class C | &nbsp;&nbsp; 1703299 | &nbsp;&nbsp; 620071 |
| &nbsp;&nbsp;&nbsp; Turkiye Petrol Rafinerileri A/S | &nbsp;&nbsp; 178541 | &nbsp;&nbsp; 741773 |
| &nbsp;&nbsp;&nbsp; Ulker Biskuvi Sanayi A/S | &nbsp;&nbsp; 126428 | &nbsp;&nbsp; 340787 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi A/S \* | &nbsp;&nbsp; 774158 | &nbsp;&nbsp; 640246 |
| &nbsp;&nbsp;&nbsp; Zorlu Enerji Elektrik Uretim A/S \* | &nbsp;&nbsp; 4190861 | &nbsp;&nbsp; 346318 |
|  |  | &nbsp;&nbsp; 20959104 |
| **United Arab Emirates — 5.2%** | **United Arab Emirates — 5.2%** | **United Arab Emirates — 5.2%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | &nbsp;&nbsp; 400302 | &nbsp;&nbsp; 1771375 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp; 209330 | &nbsp;&nbsp; 1374451 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Oil Co. for Distribution PJSC | &nbsp;&nbsp; 507145 | &nbsp;&nbsp; 512247 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | &nbsp;&nbsp; 426313 | &nbsp;&nbsp; 677820 |
| &nbsp;&nbsp;&nbsp; ADNOC Logistics & Services | &nbsp;&nbsp; 305860 | &nbsp;&nbsp; 388045 |
| &nbsp;&nbsp;&nbsp; Air Arabia PJSC | &nbsp;&nbsp; 738325 | &nbsp;&nbsp; 746391 |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Arab Emirates — continued** | **United Arab Emirates — continued** | **United Arab Emirates — continued** |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | &nbsp;&nbsp; 531014 | &nbsp;&nbsp; 1372213 |
| &nbsp;&nbsp;&nbsp; Borouge plc | &nbsp;&nbsp; 599327 | &nbsp;&nbsp; 430514 |
| &nbsp;&nbsp;&nbsp; Dubai Electricity & Water Authority PJSC | &nbsp;&nbsp; 1018825 | &nbsp;&nbsp; 767123 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp; 484341 | &nbsp;&nbsp; 1313563 |
| &nbsp;&nbsp;&nbsp; Emaar Development PJSC | &nbsp;&nbsp; 240211 | &nbsp;&nbsp; 980287 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp; 508477 | &nbsp;&nbsp; 2105758 |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp; 101122 | &nbsp;&nbsp; 736449 |
| &nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. PJSC | &nbsp;&nbsp; 295585 | &nbsp;&nbsp; 1524177 |
| &nbsp;&nbsp;&nbsp; NMDC Group PJSC | &nbsp;&nbsp; 105678 | &nbsp;&nbsp; 718129 |
| &nbsp;&nbsp;&nbsp; Salik Co. PJSC | &nbsp;&nbsp; 544924 | &nbsp;&nbsp; 948393 |
| &nbsp;&nbsp;&nbsp; Space42 plc \* | &nbsp;&nbsp; 348961 | &nbsp;&nbsp; 206584 |
| &nbsp;&nbsp;&nbsp; Talabat Holding plc | &nbsp;&nbsp; 1094741 | &nbsp;&nbsp; 374515 |
|  |  | &nbsp;&nbsp; 16948034 |
| **United Kingdom — 0.6%** | **United Kingdom — 0.6%** | **United Kingdom — 0.6%** |
| &nbsp;&nbsp;&nbsp; Anglogold Ashanti plc | &nbsp;&nbsp; 40245 | &nbsp;&nbsp; 1829966 |
| **United States — 0.2%** | **United States — 0.2%** | **United States — 0.2%** |
| &nbsp;&nbsp;&nbsp; GCC SAB de CV | &nbsp;&nbsp; 50405 | &nbsp;&nbsp; 471266 |
| &nbsp;&nbsp;&nbsp; Titan SA | &nbsp;&nbsp; 8354 | &nbsp;&nbsp; 344392 |
|  |  | &nbsp;&nbsp; 815658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $281,061,766)<br>|  | &nbsp;&nbsp; 325820411 |
|  | **NO. OF** <br> **WARRANTS**<br>|  |
| **Warrants — 0.0% ^** | **Warrants — 0.0% ^** | **Warrants — 0.0% ^** |
| **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; YTL Corp. Bhd. expiring 6/2/2028, price 1.50 MYR \* | &nbsp;&nbsp; 212660 | &nbsp;&nbsp; 48313 |
| &nbsp;&nbsp;&nbsp; YTL Power International Bhd. expiring 6/2/2028, price 2.45 MYR \* | &nbsp;&nbsp; 68800 | &nbsp;&nbsp; 26047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $—)<br>|  | &nbsp;&nbsp; 74360 |
|  | **SHARES** |  |
| **Short-Term Investments — 0.1%** | **Short-Term Investments — 0.1%** | **Short-Term Investments — 0.1%** |
| **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (d) (e)(Cost $520,850) | &nbsp;&nbsp; 520850 | &nbsp;&nbsp; 520850 |
| **Total Investments — 99.8%** <br>**(Cost $281,582,616)**<br>|  | &nbsp;&nbsp; **326415621** |
| **Other Assets in Excess of Liabilities — 0.2%** |  | &nbsp;&nbsp; **518247** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; **326933868** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| JSC | Joint Stock Company |
| MYR | Malaysian Ringgit |
| NVDR | Non-Voting Depositary Receipt |
| PJSC | Public Joint Stock Company |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | |
|:---|:---|
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (c) | The security or a portion of this security is on loan at July 31, 2025. The total value of securities on loan at July 31, 2025 is $476,042. |
| (d) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (e) | The rate shown is the current yield as of July 31, 2025. |

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

**Summary of Investments by Industry, July 31, 2025**

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 16.3<br> %<br>|
| Oil, Gas & Consumable Fuels | 8.5 |
| Metals & Mining | 6.8 |
| Food Products | 3.9 |
| Wireless Telecommunication Services | 3.9 |
| Electric Utilities | 3.8 |
| Diversified Telecommunication Services | 3.8 |
| Pharmaceuticals | 3.4 |
| Transportation Infrastructure | 3.1 |
| Independent Power and Renewable Electricity Producers | 2.8 |
| Consumer Staples Distribution & Retail | 2.8 |
| IT Services | 2.4 |
| Beverages | 2.2 |
| Chemicals | 2.2 |
| Industrial Conglomerates | 2.1 |
| Specialty Retail | 2.0 |
| Semiconductors & Semiconductor Equipment | 1.9 |
| Real Estate Management & Development | 1.8 |
| Automobiles | 1.6 |
| Construction Materials | 1.5 |
| Broadline Retail | 1.5 |
| Gas Utilities | 1.5 |
| Machinery | 1.4 |
| Passenger Airlines | 1.3 |
| Insurance | 1.2 |
| Marine Transportation | 1.1 |
| Electrical Equipment | 1.1 |
| Personal Care Products | 1.1 |
| Textiles, Apparel & Luxury Goods | 1.1 |
| Construction & Engineering | 1.0 |
| Others (each less than 1.0%) | 10.7 |
| Short-Term Investments | 0.2 |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 990000 | &nbsp;&nbsp;&nbsp;&nbsp; 21692 |

---

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

---

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

---

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

**Forward foreign currency exchange contracts outstanding as of July 31, 2025:**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY** <br>**PURCHASED** | **CURRENCY** <br>**PURCHASED** | &nbsp;&nbsp;&nbsp; **CURRENCY** <br>**SOLD** | &nbsp;&nbsp;&nbsp; **CURRENCY** <br>**SOLD** | **COUNTERPARTY** | &nbsp;&nbsp;&nbsp; **SETTLEMENT** <br>**DATE**<br>| &nbsp;&nbsp; **UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 22012 | EGP | &nbsp;&nbsp;&nbsp;&nbsp; 1072521 | JPMorgan Chase Bank NA\*\* | 8/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>|
| Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>|
| Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>|

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| EGP | Egyptian Pound |
| USD | United States Dollar |

---

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

\*\* Non-deliverable forward.

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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

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

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

Futures contracts are generally valued on the basis of available market quotations. Forward foreign currency exchange contracts are valued utilizing market quotations from approved Pricing Services.

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

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

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

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

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

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

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; $35779975 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $35779975 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 7108799 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7108799 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 1482223 | &nbsp;&nbsp;&nbsp;&nbsp; 67455822 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 68938045 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp; 489946 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 489946 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1664635 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1664635 |
| &nbsp;&nbsp;&nbsp; Egypt | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 636383 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 636383 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 2846951 | &nbsp;&nbsp;&nbsp;&nbsp; 5641128 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8488079 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; 953200 | &nbsp;&nbsp;&nbsp;&nbsp; 1882488 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2835688 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33062340 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33062340 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; 411806 | &nbsp;&nbsp;&nbsp;&nbsp; 5688291 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6100097 |
| &nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp;&nbsp; 193897 | &nbsp;&nbsp;&nbsp;&nbsp; 2362930 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2556827 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; 1624204 | &nbsp;&nbsp;&nbsp;&nbsp; 8385864 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10010068 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 20387177 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20387177 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp; 772310 | &nbsp;&nbsp;&nbsp;&nbsp; 370384 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1142694 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 3172619 | &nbsp;&nbsp;&nbsp;&nbsp; 1174653 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4347272 |
| &nbsp;&nbsp;&nbsp; Romania | &nbsp;&nbsp;&nbsp;&nbsp; 959677 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 959677 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 178 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; 1845190 | &nbsp;&nbsp;&nbsp;&nbsp; 12747176 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14592366 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 8127231 | &nbsp;&nbsp;&nbsp;&nbsp; 12119308 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20246539 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32776657 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32776657 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; 3139706 | &nbsp;&nbsp;&nbsp;&nbsp; 10004501 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13144207 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 3924396 | &nbsp;&nbsp;&nbsp;&nbsp; 17034708 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20959104 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 3032690 | &nbsp;&nbsp;&nbsp;&nbsp; 13915344 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16948034 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1829966 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1829966 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 471266 | &nbsp;&nbsp;&nbsp;&nbsp; 344392 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 815658 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 96723263 | &nbsp;&nbsp;&nbsp;&nbsp; 229096970 | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 325820411 |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74360 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74360 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 520850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 520850 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $97244113 | &nbsp;&nbsp;&nbsp;&nbsp; $229171330 | &nbsp;&nbsp;&nbsp;&nbsp; $178 | &nbsp;&nbsp;&nbsp;&nbsp; $326415621 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $21692 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $21692 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(70)<br>|
| **Total Net Appreciation/ Depreciation in Other** <br>**Financial Instruments**<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21692 | &nbsp;&nbsp;&nbsp;&nbsp; $(70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $21622 |

---

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

 <br> (a) Value is zero.

There were no significant transfers into or out of level 3 for the period ended July 31, 2025.

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

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2024**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market <br> Fund Agency SL Class Shares, 4.37% <br> (a) (b)<br>| $— | $1608071 | $1087221 | $— | $— | $520850 | 520850 | $6714 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class IM Shares, 4.26% (a) (b)<br>| 1185453 | 25608002 | 26793455 |  |  |  |  | 21219 |  |
| **Total** | $1185453 | $27216073 | $27880676 | $— | $— | $520850 |  | $27933 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of July 31, 2025.

**C. Derivatives**— The Fund used derivative instruments including futures contracts and forward foreign currency contracts, in connection with its investment strategy. Derivative instruments may be used as substitutes for securities in which the Fund can invest, to hedge portfolio investments or to generate income or gain to the Fund. Derivatives may also be used to manage duration, sector and yield curve exposures and credit and spread volatility.

The Fund may be subject to various risks from the use of derivatives, including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties' failure to perform under contract terms; liquidity risk related to the potential lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Fund's risk of loss associated with these instruments may exceed their value.

The Fund is party to various derivative contracts governed by International Swaps and Derivatives Association master agreements ("ISDA agreements"). The Fund's ISDA agreements, which are separately negotiated with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Fund in the event the Fund's net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Fund to exercise rights, to the extent not otherwise waived, against a counterparty (e.g., decline in a counterparty's credit rating below a specified level). Such rights for both a counterparty and the Fund often include the ability to terminate (i.e., close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Fund. The ISDA agreements give the Fund and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable against collateral posted to a segregated account by one party for the benefit of the other.

Counterparty credit risk may be mitigated to the extent a counterparty posts additional collateral for mark to market gains to the Fund.

Notes (1) — (2) below describe the various derivatives used by the Fund.

**(1). Futures Contracts**— The Fund used currency, index, interest rate, treasury or other financial futures contracts to manage and hedge interest rate risk associated with portfolio investments and to gain or reduce exposure to positive and negative price fluctuation or a particular countries or regions. The Fund also used futures contracts to lengthen or shorten the duration of the overall investment portfolio. The Fund used commodity futures contracts to obtain long and short exposure to the underlying commodities markets. The purchase of futures contracts will tend to increase the Fund's exposure to positive and negative price fluctuations in the underlying instrument. The sales of futures contracts will tend to offset both positive and negative market price changes.

Futures contracts provide for the delayed delivery of the underlying instrument at a fixed price or are settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Fund is required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Fund periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as change in net unrealized appreciation/depreciation on futures contracts. Securities deposited as initial margin are designated on the Schedule of Investments, while cash deposited is considered restricted.

------

**JPMorgan Diversified Return Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

The Fund may be exposed to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subject the Fund to risk of loss up to the notional amount of the futures contracts. Use of short futures contracts subjects the Fund to unlimited risk of loss. The Fund may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Fund's credit risk is limited to failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day's settlement price, which could effectively prevent liquidation of positions.

The Fund's futures contracts are not subject to master netting arrangements (the right to close out all transactions traded with a counterparty and net amounts owed or due across transactions).

**(2). Forward Foreign Currency Exchange Contracts**— The Fund is exposed to foreign currency risks associated with some or all of the portfolio investments and used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Fund also bought forward foreign currency exchange contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without the delivery of the foreign currency.

The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. The Fund also records a realized gain or loss, upon settlement, when a forward foreign currency exchange contract offsets another forward foreign currency exchange contract with the same counterparty.

The Fund's forward foreign currency exchange contracts are subject to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions).

The Fund may be required to post or receive collateral for non-deliverable forward foreign currency exchange contracts.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan Diversified Return Emerging Markets Equity ETF

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

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

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $328684305.19

**Total Liabilities:** $1748398.39

**Net Assets:** $326935906.80

**Cash Not Reported:** $619458.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141386 | 2.97%                | 3.26%                | 0.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $281442.18               | $7604683.85                                |
| Month 2  | $1713782.68              | $6871713.20                                |
| Month 3  | $1641435.52              | $-2759438.15                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                      | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tasly Pharmaceutical Group Co. Ltd.                                       | Tasly Pharmaceutical Group Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300JB9F71F58FIC88       | Long             | EC               | CORP              | CN        |    162600 | NS      | $369003.75    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| PPB Group Bhd.                                                            | PPB Group Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    186560 | NS      | $411854.54    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Power Ltd.                                                        | Torrent Power Ltd.                                                        | CUSIP: N/A<br>LEI: 335800DJYYJQGAH3OX89       | Long             | EC               | CORP              | IN        |     15432 | NS      | $229158.18    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Qingdao Port International Co. Ltd.                                       | Qingdao Port International Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 529900URO8Y3C7A1JM55       | Long             | EC               | CORP              | CN        |    420200 | NS      | $506794.59    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Fibra Uno Administracion SA de CV                                         | Fibra Uno Administracion SA de CV                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    317577 | NS      | $451324.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Shougang Co. Ltd.                                                 | Beijing Shougang Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300YR8OUFTTXKZB24       | Long             | EC               | CORP              | CN        |    671900 | NS      | $389119.33    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co. Ltd.                                              | China Yangtze Power Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |    200000 | NS      | $772434.23    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Hava Yollari AO                                                      | Turk Hava Yollari AO                                                      | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |     98636 | NS      | $698307.63    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                                               | Abu Dhabi Islamic Bank PJSC                                               | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    209330 | NS      | $1374450.88   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyadh Cables Group Co.                                                   | Riyadh Cables Group Co.                                                   | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     17802 | NS      | $620960.44    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd.                     | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H            | CUSIP: N/A<br>LEI: 529900ROARJHMUIME057       | Long             | EC               | CORP              | CN        |     16000 | NS      | $36835.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bukit Asam Tbk. PT                                                        | Bukit Asam Tbk. PT                                                        | CUSIP: N/A<br>LEI: 529900XX13TXG5L4CN33       | Long             | EC               | CORP              | ID        |   2631800 | NS      | $386404.35    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                                             | Nien Made Enterprise Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     57000 | NS      | $813658.60    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                                          | COSCO SHIPPING Holdings Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    539850 | NS      | $986813.81    | 0.30%             |  |  |  | No            |                  2 | On Loan: —       |
| Zoomlion Heavy Industry Science and Technology Co. Ltd.                   | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H          | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | CN        |     83400 | NS      | $65084.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Arabia PJSC                                                           | Air Arabia PJSC                                                           | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    738325 | NS      | $746391.31    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheng Shin Rubber Industry Co. Ltd.                                       | Cheng Shin Rubber Industry Co. Ltd.                                       | CUSIP: N/A<br>LEI: 3003006VZBNKJZLNJ718       | Long             | EC               | CORP              | TW        |    535000 | NS      | $715661.52    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                                    | Taiwan Mobile Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    265000 | NS      | $934204.44    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting Bhd.                                                              | Genting Bhd.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    297600 | NS      | $217752.37    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Exxaro Resources Ltd.                                                     | Exxaro Resources Ltd.                                                     | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |     85754 | NS      | $749819.37    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Anadolu Efes Biracilik ve Malt Sanayii A/S                                | Anadolu Efes Biracilik ve Malt Sanayii A/S                                | CUSIP: N/A<br>LEI: 7890006LGARYVIPOJX03       | Long             | EC               | CORP              | TR        |   1027402 | NS      | $382991.76    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Baolihua New Energy Stock Co. Ltd.                              | Guangdong Baolihua New Energy Stock Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300QL36W5MNOA1E19       | Long             | EC               | CORP              | CN        |    573700 | NS      | $370467.97    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.                                | Industrial & Commercial Bank of China Ltd., Class H                       | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   2209000 | NS      | $1692591.84   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Dogan Sirketler Grubu Holding A/S                                         | Dogan Sirketler Grubu Holding A/S                                         | CUSIP: N/A<br>LEI: 789000J24Q4JM3H6UX22       | Long             | EC               | CORP              | TR        |   1303250 | NS      | $509674.15    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                                  | Gree Electric Appliances, Inc. of Zhuhai, Class A                         | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |     80600 | NS      | $509385.53    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Celebi Hava Servisi A/S                                                   | Celebi Hava Servisi A/S                                                   | CUSIP: N/A<br>LEI: 789000VEXAHWNEC2HC73       | Long             | EC               | CORP              | TR        |      6325 | NS      | $261913.79    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Divi's Laboratories Ltd.                                                  | Divi's Laboratories Ltd.                                                  | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               | CORP              | IN        |     10396 | NS      | $778499.58    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | YTL Corp. Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | MY        |    212660 | NS      | $48313.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Power Co. Ltd. (The)                                                 | Tata Power Co. Ltd. (The)                                                 | CUSIP: N/A<br>LEI: 335800H5R3TGTJ7LQ663       | Long             | EC               | CORP              | IN        |    173362 | NS      | $783078.07    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                                        | Vodacom Group Ltd.                                                        | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    116821 | NS      | $891921.48    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                                  | TOTVS SA                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    103252 | NS      | $803033.21    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                                               | Astra International Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   3439200 | NS      | $1063127.44   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                                                | National Bank of Greece SA                                                | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     66116 | NS      | $922223.13    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                                   | Vale SA                                                                   | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    307535 | NS      | $2926760.21   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Etihad Etisalat Co.                                                       | Etihad Etisalat Co.                                                       | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     66810 | NS      | $1090019.46   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                                                               | Magnit PJSC                                                               | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      7858 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zorlu Enerji Elektrik Uretim A/S                                          | Zorlu Enerji Elektrik Uretim A/S                                          | CUSIP: N/A<br>LEI: 7890005B5CSNL39OYO75       | Long             | EC               | CORP              | TR        |   4190861 | NS      | $346317.79    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerjisa Enerji A/S                                                       | Enerjisa Enerji A/S                                                       | CUSIP: N/A<br>LEI: 789000D0QULW3EE31N02       | Long             | EC               | CORP              | TR        |    102758 | NS      | $163687.12    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shanghai Mechanical and Electrical Industry Co. Ltd.                      | Shanghai Mechanical and Electrical Industry Co. Ltd., Class A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    141100 | NS      | $495559.61    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricity Generating PCL                                                | Electricity Generating PCL                                                | CUSIP: N/A<br>LEI: 5299009MZ255FT79SF55       | Long             | EC               | CORP              | TH        |     45000 | NS      | $152157.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bradespar SA                                                              | Bradespar SA (Preference)                                                 | CUSIP: N/A<br>LEI: 9598001UD1DHEH3PZ471       | Long             | EC               | CORP              | BR        |    120197 | NS      | $336363.99    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd.                                                      | Malayan Banking Bhd.                                                      | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    532008 | NS      | $1170109.17   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| GD Power Development Co. Ltd.                                             | GD Power Development Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300BVGPH64Z7BNK97       | Long             | EC               | CORP              | CN        |    832500 | NS      | $528488.96    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV                            | Grupo Aeroportuario del Centro Norte SAB de CV                            | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     68599 | NS      | $912713.97    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Is Bankasi A/S                                                    | Turkiye Is Bankasi A/S, Class C                                           | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |   1703299 | NS      | $620070.83    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangxi Liugong Machinery Co. Ltd.                                        | Guangxi Liugong Machinery Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 8368002I2G890E1Y2387       | Long             | EC               | CORP              | CN        |    222700 | NS      | $330264.61    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Inter RAO UES PJSC                                                        | Inter RAO UES PJSC                                                        | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   6142220 | NS      | $6.14         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Piramal Enterprises Ltd.                                                  | Piramal Enterprises Ltd.                                                  | CUSIP: N/A<br>LEI: 335800XG9I3HZ2F1KQ73       | Long             | EC               | CORP              | IN        |      3529 | NS      | $50200.97     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubei Jumpcan Pharmaceutical Co. Ltd.                                     | Hubei Jumpcan Pharmaceutical Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    132900 | NS      | $494128.41    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualitas Controladora SAB de CV                                           | Qualitas Controladora SAB de CV                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     31812 | NS      | $288272.54    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Is Gayrimenkul Yatirim Ortakligi A/S                                      | Is Gayrimenkul Yatirim Ortakligi A/S                                      | CUSIP: N/A<br>LEI: 789000STDVBPGEJLK432       | Long             | EC               | CORP              | TR        |     81334 | NS      | $36576.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd.                                         | Uni-President China Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900JUA05094TOKA73       | Long             | EC               | CORP              | KY        |    314000 | NS      | $396697.98    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co. JSC                                                           | Almarai Co. JSC                                                           | CUSIP: N/A<br>LEI: 549300B4EDUXYD2G6098       | Long             | EC               | CORP              | SA        |     55620 | NS      | $709360.56    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Carabao Group PCL                                                         | Carabao Group PCL                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    194000 | NS      | $327221.67    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                                         | Eva Airways Corp.                                                         | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    659000 | NS      | $830933.10    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                                  | Wuliangye Yibin Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     38200 | NS      | $640924.31    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil India Ltd.                                                            | Oil India Ltd.                                                            | CUSIP: N/A<br>LEI: 335800XXEP14XISP1A16       | Long             | EC               | CORP              | IN        |     40737 | NS      | $203773.43    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Carso SAB de CV                                                     | Grupo Carso SAB de CV, Series A1                                          | CUSIP: N/A<br>LEI: 5493007R35VF4W6YVW92       | Long             | EC               | CORP              | MX        |     44987 | NS      | $319785.67    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                                               | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     17853 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bangkok Bank PCL                                                          | Bangkok Bank PCL                                                          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    112100 | NS      | $506699.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sok Marketler Ticaret A/S                                                 | Sok Marketler Ticaret A/S                                                 | CUSIP: N/A<br>LEI: 7890005KB5WP0KUURR88       | Long             | EC               | CORP              | TR        |    386660 | NS      | $354936.34    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Seera Group Holding                                                       | Seera Group Holding                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     32245 | NS      | $221880.18    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| M Dias Branco SA                                                          | M Dias Branco SA                                                          | CUSIP: N/A<br>LEI: 894500SZMRHGUL2PHQ60       | Long             | EC               | CORP              | BR        |     31213 | NS      | $134449.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COFCO Sugar Holding Co. Ltd.                                              | COFCO Sugar Holding Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300CAHQDI178WDM76       | Long             | EC               | CORP              | CN        |    296800 | NS      | $402596.73    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                                 | Grupo Aeroportuario del Sureste SAB de CV, Class B                        | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |     30263 | NS      | $917611.38    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile SA                                                             | Enel Chile SA                                                             | CUSIP: N/A<br>LEI: 549300YM5CWCAUVOPB53       | Long             | EC               | CORP              | CL        |   8283348 | NS      | $530585.31    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. KSCP                                        | Mobile Telecommunications Co. KSCP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |    540444 | NS      | $938219.70    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Telecommunications Infrastructure Fund                            | Digital Telecommunications Infrastructure Fund, Class F                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1196700 | NS      | $298442.63    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA                                             | Piraeus Financial Holdings SA                                             | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    167878 | NS      | $1290887.53   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp. Ltd.                                               | China CITIC Bank Corp. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |   1322000 | NS      | $1228299.59   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banpu PCL                                                                 | Banpu PCL                                                                 | CUSIP: N/A<br>LEI: 529900AJ2Z6SUR6TSW75       | Long             | EC               | CORP              | TH        |   3066300 | NS      | $472370.35    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanjin International Gold Co. Ltd.                                       | Shanjin International Gold Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 655600QGA2EHH1HUDW82       | Long             | EC               | CORP              | CN        |    223220 | NS      | $557108.69    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                                                  | JUMBO SA                                                                  | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     25452 | NS      | $860918.18    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Joincare Pharmaceutical Group Industry Co. Ltd.                           | Joincare Pharmaceutical Group Industry Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 3003006PUWUKPH72TS46       | Long             | EC               | CORP              | CN        |    172900 | NS      | $303888.36    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan SA                                                                  | Titan SA                                                                  | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |      8354 | NS      | $344391.92    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ningbo Sanxing Medical Electric Co. Ltd.                                  | Ningbo Sanxing Medical Electric Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300F7H3O0GJJG4V34       | Long             | EC               | CORP              | CN        |    143700 | NS      | $447394.22    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Electricity & Water Authority PJSC                                  | Dubai Electricity & Water Authority PJSC                                  | CUSIP: N/A<br>LEI: 213800K4OJF8DKATLT41       | Long             | EC               | CORP              | AE        |   1018825 | NS      | $767122.47    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Borouge plc                                                               | Borouge plc                                                               | CUSIP: N/A<br>LEI: 2549001Z4YA6WG9MBM08       | Long             | EC               | CORP              | AE        |    599327 | NS      | $430514.21    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                                                 | NMDC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |    631781 | NS      | $507791.82    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Akcansa Cimento A/S                                                       | Akcansa Cimento A/S                                                       | CUSIP: N/A<br>LEI: 789000E4UZB42H2HX767       | Long             | EC               | CORP              | TR        |    134509 | NS      | $471448.28    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk. PT                                            | Sumber Alfaria Trijaya Tbk. PT                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   1487600 | NS      | $209084.67    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                                   | Sinotruk Hong Kong Ltd.                                                   | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    225000 | NS      | $685699.56    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                                               | Turkiye Garanti Bankasi A/S                                               | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     56907 | NS      | $199511.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sichuan Kelun Pharmaceutical Co. Ltd.                                     | Sichuan Kelun Pharmaceutical Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 30030014Z0J8J835FO94       | Long             | EC               | CORP              | CN        |     84800 | NS      | $443622.87    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | YTL Power International Bhd.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | MY        |     68800 | NS      | $26046.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile TeleSystems PJSC                                                   | Mobile TeleSystems PJSC                                                   | CUSIP: N/A<br>LEI: 2534008FX8EXH1FMJA74       | Long             | EC               | CORP              | RU        |    120496 | NS      | $0.12         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Anhui Expressway Co. Ltd.                                                 | Anhui Expressway Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 529900UGCN9D11VHIL29       | Long             | EC               | CORP              | CN        |    264400 | NS      | $576035.29    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                                    | Kunlun Energy Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    560000 | NS      | $539476.65    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIC Motor Corp. Ltd.                                                     | BAIC Motor Corp. Ltd., Class H                                            | CUSIP: N/A<br>LEI: 5299003EYHISIDNLZQ19       | Long             | EC               | CORP              | CN        |   1167000 | NS      | $318772.63    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Embraer SA                                                                | Embraer SA                                                                | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |    100149 | NS      | $1439399.87   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaxin Cement Co. Ltd.                                                    | Huaxin Cement Co. Ltd., Class H                                           | CUSIP: N/A<br>LEI: 300300SD5S95ZOS05G37       | Long             | EC               | CORP              | CN        |    155500 | NS      | $254834.48    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co.                                                       | Jarir Marketing Co.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |    135095 | NS      | $462409.97    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Perusahaan Gas Negara Tbk. PT                                             | Perusahaan Gas Negara Tbk. PT                                             | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   5118700 | NS      | $506034.43    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                                      | Fomento Economico Mexicano SAB de CV                                      | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |    142539 | NS      | $1288631.14   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications Co. Ltd.                                   | Far EasTone Telecommunications Co. Ltd.                                   | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    297000 | NS      | $810038.09    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuh Cimento Sanayi A/S                                                    | Nuh Cimento Sanayi A/S                                                    | CUSIP: N/A<br>LEI: 7890004MW0TKBH5J4N45       | Long             | EC               | CORP              | TR        |     43154 | NS      | $248114.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.                               | Taiwan Semiconductor Manufacturing Co. Ltd.                               | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     99000 | NS      | $3811429.46   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Manila Electric Co.                                                       | Manila Electric Co.                                                       | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |     74210 | NS      | $683165.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Foschini Group Ltd.                                                       | Foschini Group Ltd.                                                       | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97       | Long             | EC               | CORP              | ZA        |     71253 | NS      | $481154.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotrans Ltd.                                                            | Sinotrans Ltd., Class A                                                   | CUSIP: N/A<br>LEI: 5299005U1RZLKVFWR249       | Long             | EC               | CORP              | CN        |     56800 | NS      | $41817.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Power Holdings Co. Ltd.                                   | China Resources Power Holdings Co. Ltd.                                   | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |    280000 | NS      | $693865.25    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                                        | Bank of China Ltd., Class H                                               | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   6212000 | NS      | $3585650.37   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yapi ve Kredi Bankasi A/S                                                 | Yapi ve Kredi Bankasi A/S                                                 | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |    774158 | NS      | $640245.80    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp. Taiwan Ltd.                                        | Evergreen Marine Corp. Taiwan Ltd.                                        | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    153800 | NS      | $1014909.96   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Tekfen Holding A/S                                                        | Tekfen Holding A/S                                                        | CUSIP: N/A<br>LEI: 7890005HRE0XXST1BR56       | Long             | EC               | CORP              | TR        |    227644 | NS      | $604512.24    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd.                                      | Bosideng International Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    860000 | NS      | $490798.87    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Catcher Technology Co. Ltd.                                               | Catcher Technology Co. Ltd.                                               | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     16000 | NS      | $112993.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Qinhuangdao Port Co. Ltd.                                                 | Qinhuangdao Port Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300L1ZLL78IWY7911       | Long             | EC               | CORP              | CN        |    769600 | NS      | $345238.70    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanjing Iron & Steel Co. Ltd.                                             | Nanjing Iron & Steel Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 3003008359D7IKHZ7Q78       | Long             | EC               | CORP              | CN        |    639900 | NS      | $402986.67    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Nanshan Aluminum Co. Ltd.                                        | Shandong Nanshan Aluminum Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 836800YU5J3RT2VPUO65       | Long             | EC               | CORP              | CN        |    674400 | NS      | $366586.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd.                                             | African Rainbow Minerals Ltd.                                             | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     58233 | NS      | $590520.74    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Leejam Sports Co. JSC                                                     | Leejam Sports Co. JSC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      9277 | NS      | $350534.65    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund                             | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares     | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |    520850 | NS      | $520850.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ A/S                                                                   | CEZ A/S                                                                   | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     21506 | NS      | $1246044.43   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd.                                                       | Mr Price Group Ltd.                                                       | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |     58085 | NS      | $672141.34    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                                            | Indofood Sukses Makmur Tbk. PT                                            | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   1349900 | NS      | $697028.49    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Pharmaceutical Group Ltd.                                 | China Resources Pharmaceutical Group Ltd.                                 | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |    477500 | NS      | $333449.68    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Offshore Oil Engineering Co. Ltd.                                         | Offshore Oil Engineering Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    298400 | NS      | $227993.43    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Navigation QSC                                                      | Qatar Navigation QSC                                                      | CUSIP: N/A<br>LEI: 25490074EFRBM1MC1K04       | Long             | EC               | CORP              | QA        |    153524 | NS      | $457072.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| El Puerto de Liverpool SAB de CV                                          | El Puerto de Liverpool SAB de CV, Class C1                                | CUSIP: N/A<br>LEI: 4469000001BO4JEXZL32       | Long             | EC               | CORP              | MX        |     71248 | NS      | $347761.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Latam Airlines Group SA                                                   | Latam Airlines Group SA                                                   | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |  35687548 | NS      | $780450.69    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                                          | Bajaj Holdings & Investment Ltd.                                          | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |      1235 | NS      | $196096.81    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                                 | Advanced Info Service PCL                                                 | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    146700 | NS      | $1303393.22   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chengdu Kanghong Pharmaceutical Group Co. Ltd.                            | Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    139600 | NS      | $792075.22    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Yuntianhua Co. Ltd.                                                | Yunnan Yuntianhua Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    124300 | NS      | $424271.34    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Motor Corp.                                                         | China Motor Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    106000 | NS      | $195508.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                                        | Arab National Bank                                                        | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |     40628 | NS      | $235026.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                                    | Grupo Mexico SAB de CV, Series B                                          | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    271463 | NS      | $1693531.96   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alupar Investimento SA                                                    | Alupar Investimento SA                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    110889 | NS      | $585382.55    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                                        | Banco do Brasil SA                                                        | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    259920 | NS      | $918148.35    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| China National Medicines Corp. Ltd.                                       | China National Medicines Corp. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300OVHIHIM0CJI911       | Long             | EC               | CORP              | CN        |     67700 | NS      | $276046.44    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                                          | Kasikornbank PCL                                                          | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    257600 | NS      | $1273790.23   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                                     | Emaar Properties PJSC                                                     | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    508477 | NS      | $2105757.98   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                                              | Colgate-Palmolive India Ltd.                                              | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |      7758 | NS      | $198367.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                                             | Severstal PAO                                                             | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     20498 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Colbun SA                                                                 | Colbun SA                                                                 | CUSIP: N/A<br>LEI: 5493003VQJLE2QB8IF36       | Long             | EC               | CORP              | CL        |   2899469 | NS      | $429221.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Gas Transport Co. Ltd.                                              | Qatar Gas Transport Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    657808 | NS      | $869007.55    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                                            | Abu Dhabi Commercial Bank PJSC                                            | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    400302 | NS      | $1771374.76   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Charoen Pokphand Foods PCL                                                | Charoen Pokphand Foods PCL                                                | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |   1054100 | NS      | $735148.78    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Newland Digital Technology Co. Ltd.                                       | Newland Digital Technology Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300ZUFD0Z67DVAK44       | Long             | EC               | CORP              | CN        |     46600 | NS      | $192292.57    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Grid Co. - Rosseti PJSC                                           | Federal Grid Co. - Rosseti PJSC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        | 127925624 | NS      | $127.93       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Power Grid Corp. of India Ltd.                                            | Power Grid Corp. of India Ltd.                                            | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    228478 | NS      | $755295.18    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                                                | Akbank TAS                                                                | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    468257 | NS      | $776350.45    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Union Group PCL                                                      | Thai Union Group PCL, Class F                                             | CUSIP: N/A<br>LEI: 25490047VDGNFMEYZW95       | Long             | EC               | CORP              | TH        |    960500 | NS      | $325321.93    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Moneta Money Bank A/S                                                     | Moneta Money Bank A/S                                                     | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |     60180 | NS      | $418590.02    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Arabian Centres Co.                                                       | Arabian Centres Co.                                                       | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     29528 | NS      | $163208.77    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Yanbu National Petrochemical Co.                                          | Yanbu National Petrochemical Co.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     17961 | NS      | $145910.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Expressway Corp. Ltd.                                            | Shenzhen Expressway Corp. Ltd.                                            | CUSIP: N/A<br>LEI: 300300TWTZYZK4ZONP37       | Long             | EC               | CORP              | CN        |    227500 | NS      | $325404.68    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Castrol India Ltd.                                                        | Castrol India Ltd.                                                        | CUSIP: N/A<br>LEI: 335800KCNMKXQFPJ5Q28       | Long             | EC               | CORP              | IN        |     40761 | NS      | $100974.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinhua Winshare Publishing and Media Co. Ltd.                             | Xinhua Winshare Publishing and Media Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 529900GRONU6MXRSA398       | Long             | EC               | CORP              | CN        |    266200 | NS      | $556224.97    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Orbia Advance Corp. SAB de CV                                             | Orbia Advance Corp. SAB de CV                                             | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               | CORP              | MX        |    179047 | NS      | $121769.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IHH Healthcare Bhd.                                                       | IHH Healthcare Bhd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    212900 | NS      | $331954.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| China Hongqiao Group Ltd.                                                 | China Hongqiao Group Ltd.                                                 | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    348000 | NS      | $917988.55    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud SA                                                               | Cencosud SA                                                               | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    277770 | NS      | $836785.66    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Co. Ltd.                                                            | Titan Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 549300RO9VJWPK37FE54       | Long             | EC               | CORP              | IN        |      8849 | NS      | $336849.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Expressway Co. Ltd.                                              | Zhejiang Expressway Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 213800X1ZRKM85U9H438       | Long             | EC               | CORP              | CN        |    478000 | NS      | $455443.32    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Megacable Holdings SAB de CV                                              | Megacable Holdings SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    167798 | NS      | $462878.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dogus Otomotiv Servis ve Ticaret A/S                                      | Dogus Otomotiv Servis ve Ticaret A/S                                      | CUSIP: N/A<br>LEI: 789000PVDP82LTUNS694       | Long             | EC               | CORP              | TR        |     76617 | NS      | $346780.34    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Pharmaceuticals Holding Co. Ltd.                                 | Shanghai Pharmaceuticals Holding Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 30030029J1KKCBY19820       | Long             | EC               | CORP              | CN        |     30400 | NS      | $48483.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Klabin SA                                                                 | Klabin SA                                                                 | CUSIP: N/A<br>LEI: 254900C8UYA6YUPSDU10       | Long             | EC               | CORP              | BR        |    156268 | NS      | $516004.91    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd.                                                                  | ITC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    327324 | NS      | $1535050.00   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMB Holdings Bhd.                                                        | AMMB Holdings Bhd.                                                        | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |    408500 | NS      | $482677.68    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co. Ltd.                                                       | SF Holding Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     70900 | NS      | $451460.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Lao Feng Xiang Co. Ltd.                                                   | Lao Feng Xiang Co. Ltd., Class A                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     21900 | NS      | $142792.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Salik Co. PJSC                                                            | Salik Co. PJSC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    544924 | NS      | $948393.39    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzlon Energy Ltd.                                                        | Suzlon Energy Ltd.                                                        | CUSIP: N/A<br>LEI: 724500ZW9AZP283ZN723       | Long             | EC               | CORP              | IN        |    244560 | NS      | $170626.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                                              | Wal-Mart de Mexico SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    548847 | NS      | $1617593.07   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinopharm Group Co. Ltd.                                                  | Sinopharm Group Co. Ltd., Class H                                         | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    152400 | NS      | $366313.01    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                                                 | Suzano SA                                                                 | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | BR        |     77500 | NS      | $720254.31    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Co. Ltd.                                             | China Shenhua Energy Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    379000 | NS      | $1642643.14   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Bank of India Ltd.                                                  | Union Bank of India Ltd.                                                  | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |     88663 | NS      | $131674.57    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)                               | Commercial International Bank - Egypt (CIB)                               | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |    328483 | NS      | $636382.49    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Mphasis Ltd.                                                              | Mphasis Ltd.                                                              | CUSIP: N/A<br>LEI: 335800NSYTIQLQKUYP62       | Long             | EC               | CORP              | IN        |       579 | NS      | $18280.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                                           | Gruma SAB de CV, Class B                                                  | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     48828 | NS      | $841115.04    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Henan Shuanghui Investment & Development Co. Ltd.                         | Henan Shuanghui Investment & Development Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     17100 | NS      | $58506.54     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co.                                                  | SABIC Agri-Nutrients Co.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     27596 | NS      | $875333.02    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| China Communications Services Corp. Ltd.                                  | China Communications Services Corp. Ltd., Class H                         | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |    858000 | NS      | $499732.82    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd.                                                            | JSW Steel Ltd.                                                            | CUSIP: N/A<br>LEI: 335800EK6HZSC4CVAJ09       | Long             | EC               | CORP              | IN        |     35453 | NS      | $422910.38    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                                                   | ADNOC Drilling Co. PJSC                                                   | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    426313 | NS      | $677820.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Cooperative Financial Holding Co. Ltd.                             | Taiwan Cooperative Financial Holding Co. Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    472655 | NS      | $401165.25    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Port Group Co. Ltd.                                       | China Merchants Port Group Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 3003004CZ5QRT4FIXE02       | Long             | EC               | CORP              | CN        |    116900 | NS      | $325772.95    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Cement Co.                                                          | Saudi Cement Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     35875 | NS      | $365722.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sime Darby Bhd.                                                           | Sime Darby Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    876000 | NS      | $333937.14    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                                                           | SLC Agricola SA                                                           | CUSIP: N/A<br>LEI: 54930017BQDYJPIJXG79       | Long             | EC               | CORP              | BR        |    109461 | NS      | $358513.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                                     | Rede D'Or Sao Luiz SA                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    131179 | NS      | $758556.67    | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Nestle India Ltd.                                                         | Nestle India Ltd.                                                         | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |     29211 | NS      | $747800.12    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | MSCI Emerging Markets Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        12 | NC      | $22300.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CP Axtra PCL                                                              | CP Axtra PCL                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     69692 | NS      | $43832.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                  | Itau Unibanco Holding SA (Preference)                                     | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    457946 | NS      | $2860756.86   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TAV Havalimanlari Holding A/S                                             | TAV Havalimanlari Holding A/S                                             | CUSIP: N/A<br>LEI: 789000PBM9TT5D88M597       | Long             | EC               | CORP              | TR        |     77830 | NS      | $470290.98    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Power Corp. SA                                                     | Public Power Corp. SA                                                     | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |     54868 | NS      | $889931.87    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Industries Qatar QSC                                                      | Industries Qatar QSC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    255525 | NS      | $932690.81    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Huayi Group Co. Ltd.                                             | Shanghai Huayi Group Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    334000 | NS      | $384094.61    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipro PAO                                                                | Unipro PAO                                                                | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |   4941067 | NS      | $4.94         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kuala Lumpur Kepong Bhd.                                                  | Kuala Lumpur Kepong Bhd.                                                  | CUSIP: N/A<br>LEI: 2549009JSTRFMR7A8D34       | Long             | EC               | CORP              | MY        |     56200 | NS      | $258006.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCOMDIGI Bhd.                                                           | CELCOMDIGI Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    186500 | NS      | $167915.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes S/A                                        | Caixa Seguridade Participacoes S/A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    178263 | NS      | $438052.86    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chongqing Rural Commercial Bank Co. Ltd.                                  | Chongqing Rural Commercial Bank Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 300300C1126750000027       | Long             | EC               | CORP              | CN        |    832000 | NS      | $659893.30    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarana Menara Nusantara Tbk. PT                                           | Sarana Menara Nusantara Tbk. PT                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   1392200 | NS      | $51530.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Semir Garment Co. Ltd.                                           | Zhejiang Semir Garment Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     92500 | NS      | $68101.49     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Globe Telecom, Inc.                                                       | Globe Telecom, Inc.                                                       | CUSIP: N/A<br>LEI: 254900GPWI1816YIM923       | Long             | EC               | CORP              | PH        |      3843 | NS      | $109874.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Electronics Co.                                                    | United Electronics Co.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     16277 | NS      | $389448.63    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangxi Guiguan Electric Power Co. Ltd.                                   | Guangxi Guiguan Electric Power Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 300300SZQP4SCND2NH61       | Long             | EC               | CORP              | CN        |    398100 | NS      | $350350.29    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Investec Ltd.                                                             | Investec Ltd.                                                             | CUSIP: N/A<br>LEI: 213800CU7SM6O4UWOZ70       | Long             | EC               | CORP              | ZA        |     88800 | NS      | $652067.37    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Baroda                                                            | Bank of Baroda                                                            | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |     24198 | NS      | $65385.01     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Power Ltd.                                                          | Adani Power Ltd.                                                          | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |    135502 | NS      | $902989.95    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Investment Bank (The)                                               | Saudi Investment Bank (The)                                               | CUSIP: N/A<br>LEI: 558600V3J4M5TUY9HR70       | Long             | EC               | CORP              | SA        |     48228 | NS      | $184797.27    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Expressway Co. Ltd.                                               | Jiangsu Expressway Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 529900UWWTWZ6AKLYD43       | Long             | EC               | CORP              | CN        |    204300 | NS      | $401371.41    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp. PCL                                                            | True Corp. PCL                                                            | CUSIP: N/A<br>LEI: 894500HQD71STX0DQK07       | Long             | EC               | CORP              | TH        |   1722800 | NS      | $546589.16    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB Bank Bhd.                                                             | RHB Bank Bhd.                                                             | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |    538700 | NS      | $773407.12    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd.                                                                 | NHPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 3358003ZPPTGWT595J46       | Long             | EC               | CORP              | IN        |    254984 | NS      | $240632.89    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SD Guthrie Bhd.                                                           | SD Guthrie Bhd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    225000 | NS      | $251342.11    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepkor Holdings Ltd.                                                      | Pepkor Holdings Ltd.                                                      | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |    394256 | NS      | $592076.48    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| YTL Power International Bhd.                                              | YTL Power International Bhd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    137200 | NS      | $130755.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dong-E-E-Jiao Co. Ltd.                                                    | Dong-E-E-Jiao Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 655600E60FK5WI9EWB37       | Long             | EC               | CORP              | CN        |     43900 | NS      | $314210.80    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT PCL                                                                   | PTT PCL                                                                   | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |   1543000 | NS      | $1568882.14   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Abdullah Al Othaim Markets Co.                                            | Abdullah Al Othaim Markets Co.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |    177891 | NS      | $346054.42    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co. Ltd.                                                 | Great Wall Motor Co. Ltd., Class H                                        | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |    496500 | NS      | $810252.58    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Catrion Catering Holding Co.                                              | Catrion Catering Holding Co.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     21915 | NS      | $661826.08    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| RusHydro PJSC                                                             | RusHydro PJSC                                                             | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               | CORP              | RU        |  35715691 | NS      | $35.72        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Arca Continental SAB de CV                                                | Arca Continental SAB de CV                                                | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    101936 | NS      | $1062749.67   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| King Slide Works Co. Ltd.                                                 | King Slide Works Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     10000 | NS      | $880496.27    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                                              | National Bank of Kuwait SAKP                                              | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |    355528 | NS      | $1216894.59   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp. Ltd.                                                     | Indian Oil Corp. Ltd.                                                     | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |    366493 | NS      | $605459.48    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Malaysia Bhd.                                                     | Telekom Malaysia Bhd.                                                     | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    432600 | NS      | $682976.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                                           | CTBC Financial Holding Co. Ltd.                                           | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   1590395 | NS      | $2185357.27   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianshan Aluminum Group Co. Ltd.                                          | Tianshan Aluminum Group Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300VE52AL1GWYFN04       | Long             | EC               | CORP              | CN        |    255200 | NS      | $321830.66    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Savola Group (The)                                                        | Savola Group (The)                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     29508 | NS      | $194577.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gudang Garam Tbk. PT                                                      | Gudang Garam Tbk. PT                                                      | CUSIP: N/A<br>LEI: 5299005TDQ8UGGR3AM31       | Long             | EC               | CORP              | ID        |     73500 | NS      | $39418.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianjin Port Co. Ltd.                                                     | Tianjin Port Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    561100 | NS      | $359007.89    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerya Enerji A/S                                                         | Enerya Enerji A/S                                                         | CUSIP: N/A<br>LEI: 789000Q4JDFLV7BXZG76       | Long             | EC               | CORP              | TR        |   2277304 | NS      | $480157.27    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Longsheng Group Co. Ltd.                                         | Zhejiang Longsheng Group Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300XYB5YIMVFQA157       | Long             | EC               | CORP              | CN        |    445100 | NS      | $652659.30    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| HELLENiQ ENERGY Holdings S.A.                                             | HELLENiQ ENERGY Holdings S.A.                                             | CUSIP: N/A<br>LEI: 213800YUBJMZYR1SNG35       | Long             | EC               | CORP              | GR        |     29405 | NS      | $258556.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                                                    | Valterra Platinum Ltd.                                                    | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |     21525 | NS      | $966685.92    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Zydus Lifesciences Ltd.                                                   | Zydus Lifesciences Ltd.                                                   | CUSIP: N/A<br>LEI: 335800R9O14ORBXLPN13       | Long             | EC               | CORP              | IN        |     18711 | NS      | $206059.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                                        | Kimberly-Clark de Mexico SAB de CV, Class A                               | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    415606 | NS      | $778118.42    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd.                                                        | Nedbank Group Ltd.                                                        | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     69203 | NS      | $944310.15    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| China United Network Communications Ltd.                                  | China United Network Communications Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300UTFDNZL9GJRR78       | Long             | EC               | CORP              | CN        |    739100 | NS      | $548368.01    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd.                                                    | Shoprite Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     52611 | NS      | $766828.88    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd.                  | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    117602 | NS      | $510274.33    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| REC Ltd.                                                                  | REC Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |    113050 | NS      | $506726.47    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Coal Energy Co. Ltd.                                                | China Coal Energy Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    492000 | NS      | $604524.49    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Fertilizer Co. Ltd.                                                | Taiwan Fertilizer Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    379000 | NS      | $658275.94    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Space42 plc                                                               | Space42 plc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    348961 | NS      | $206583.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                                  | Ambev SA                                                                  | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    510625 | NS      | $1143527.16   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Auto Ltd.                                                           | Bajaj Auto Ltd.                                                           | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     11352 | NS      | $1033570.04   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yitai Coal Co. Ltd.                                        | Inner Mongolia Yitai Coal Co. Ltd., Class B                               | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69       | Long             | EC               | CORP              | CN        |    375700 | NS      | $770932.58    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MultiChoice Group                                                         | MultiChoice Group                                                         | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               | CORP              | ZA        |     41152 | NS      | $271880.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SinoPac Financial Holdings Co. Ltd.                                       | SinoPac Financial Holdings Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1580787 | NS      | $1304322.61   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co. Ltd.                                             | Baoshan Iron & Steel Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    445300 | NS      | $452851.09    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                              | Ecopetrol SA                                                              | CUSIP: N/A<br>LEI: 254900IDGKCJICKBPA66       | Long             | EC               | CORP              | CO        |    699351 | NS      | $294059.77    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek, Inc.                                                            | MediaTek, Inc.                                                            | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     51000 | NS      | $2309513.26   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                                             | PhosAgro PJSC                                                             | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      1940 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hindustan Zinc Ltd.                                                       | Hindustan Zinc Ltd.                                                       | CUSIP: N/A<br>LEI: 335800LB39TLJ8YTWM98       | Long             | EC               | CORP              | IN        |     35215 | NS      | $169542.74    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                                                   | Sberbank of Russia PJSC                                                   | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    537391 | NS      | $0.54         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vedanta Ltd.                                                              | Vedanta Ltd.                                                              | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    121058 | NS      | $584633.04    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Alsea SAB de CV                                                           | Alsea SAB de CV                                                           | CUSIP: N/A<br>LEI: 4469000001BJLPKNUN21       | Long             | EC               | CORP              | MX        |     25490 | NS      | $76422.71     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CRRC Corp. Ltd.                                                           | CRRC Corp. Ltd., Class A                                                  | CUSIP: N/A<br>LEI: 30030099HATQH2XC0B72       | Long             | EC               | CORP              | CN        |    443300 | NS      | $452748.64    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                                          | Fubon Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |    282416 | NS      | $775138.63    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgutneftegas PAO (Preference)                                           | Surgutneftegas PAO (Preference)                                           | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    655737 | NS      | $0.66         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Fuel QSC                                                            | Qatar Fuel QSC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     81523 | NS      | $340332.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Publishing & Media Co. Ltd.                                      | Shandong Publishing & Media Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    315900 | NS      | $394177.84    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                                               | Canara Bank                                                               | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    124112 | NS      | $151041.49    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                                           | Mega Financial Holding Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1300694 | NS      | $1850231.87   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                                        | Banco del Bajio SA                                                        | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |     87051 | NS      | $195651.33    | 0.06%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vibra Energia SA                                                          | Vibra Energia SA                                                          | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    175348 | NS      | $666062.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                                            | OTP Bank Nyrt.                                                            | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      4954 | NS      | $401997.01    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alamtri Resources Indonesia Tbk. PT                                       | Alamtri Resources Indonesia Tbk. PT                                       | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   5207500 | NS      | $583747.02    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianhe Chemicals Group Ltd.                                               | Tianhe Chemicals Group Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Prologis Property Mexico SA de CV                                         | Prologis Property Mexico SA de CV                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    179826 | NS      | $681556.27    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd.                                                         | Petronet LNG Ltd.                                                         | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |     91930 | NS      | $301388.04    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                                               | Bharat Petroleum Corp. Ltd.                                               | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    167334 | NS      | $625316.48    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai International Port Group Co. Ltd.                                | Shanghai International Port Group Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: 300300DAQ7G1LS22G609       | Long             | EC               | CORP              | CN        |    423400 | NS      | $330488.28    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Manufacturing Co. Ltd.                                              | Giant Manufacturing Co. Ltd.                                              | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |     66000 | NS      | $252791.46    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                                    | Emaar Development PJSC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    240211 | NS      | $980286.83    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                                       | PetroChina Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    459200 | NS      | $564579.92    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Foxconn Industrial Internet Co. Ltd.                                      | Foxconn Industrial Internet Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    156500 | NS      | $745662.20    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp.                                          | Yang Ming Marine Transport Corp.                                          | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    267000 | NS      | $541666.35    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongshan Broad Ocean Motor Co. Ltd.                                      | Zhongshan Broad Ocean Motor Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    359000 | NS      | $325688.29    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Aluminium Co. Ltd.                                                 | Yunnan Aluminium Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 3003008AXWSVMLG3MX37       | Long             | EC               | CORP              | CN        |    172400 | NS      | $370430.76    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Oyak Cimento Fabrikalari A/S                                              | Oyak Cimento Fabrikalari A/S                                              | CUSIP: N/A<br>LEI: 789000RZ63UR4V4JZH98       | Long             | EC               | CORP              | TR        |    856856 | NS      | $503626.95    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Chen Corp.                                                            | Pou Chen Corp.                                                            | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |    700000 | NS      | $658287.21    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| China Airlines Ltd.                                                       | China Airlines Ltd.                                                       | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |   1042000 | NS      | $714018.17    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd.                  | Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A         | CUSIP: N/A<br>LEI: 300300IBR8JN06GQOJ17       | Long             | EC               | CORP              | CN        |    550600 | NS      | $307378.84    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Feng TAY Enterprise Co. Ltd.                                              | Feng TAY Enterprise Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    113960 | NS      | $450670.39    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV                        | Promotora y Operadora de Infraestructura SAB de CV                        | CUSIP: N/A<br>LEI: 52990035X6RK8DBUWA73       | Long             | EC               | CORP              | MX        |     68609 | NS      | $810979.11    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinoma International Engineering Co.                                      | Sinoma International Engineering Co., Class A                             | CUSIP: N/A<br>LEI: 300300A8BDE5H0E13J94       | Long             | EC               | CORP              | CN        |    133100 | NS      | $167357.83    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd.                                                         | Clicks Group Ltd.                                                         | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |     32532 | NS      | $682044.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Leong Financial Group Bhd.                                           | Hong Leong Financial Group Bhd.                                           | CUSIP: N/A<br>LEI: 549300EGI40XD5GGWS62       | Long             | EC               | CORP              | MY        |     10200 | NS      | $38542.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenergy Co. Ltd.                                                         | Shenergy Co. Ltd., Class A                                                | CUSIP: N/A<br>LEI: 300300PA40YYCBW4WW70       | Long             | EC               | CORP              | CN        |    324400 | NS      | $367270.29    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                                    | TIM SA                                                                    | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    235094 | NS      | $866139.10    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HLA Group Corp. Ltd.                                                      | HLA Group Corp. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    435800 | NS      | $411426.16    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                                   | Accton Technology Corp.                                                   | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      9000 | NS      | $265807.91    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                                                | Cipla Ltd.                                                                | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |     56953 | NS      | $1005802.13   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                                               | Alrosa PJSC                                                               | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |    200448 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aurobindo Pharma Ltd.                                                     | Aurobindo Pharma Ltd.                                                     | CUSIP: N/A<br>LEI: 335800G4T2A353RDGM23       | Long             | EC               | CORP              | IN        |     22458 | NS      | $290364.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Chemical Engineering Co. Ltd.                              | China National Chemical Engineering Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300PQKHJ03AUIIX32       | Long             | EC               | CORP              | CN        |    145900 | NS      | $161409.71    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                                               | President Chain Store Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    112000 | NS      | $959782.56    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                                                | Unilever Indonesia Tbk. PT                                                | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |   1629800 | NS      | $169082.06    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd.                                                   | Sibanye Stillwater Ltd.                                                   | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    232934 | NS      | $489926.28    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club, Inc.                                                 | Puregold Price Club, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |    130000 | NS      | $89144.13     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                                         | Huayu Automotive Systems Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |     96000 | NS      | $233475.38    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                  | Reliance Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    132842 | NS      | $2097906.94   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd.                                                        | Bidvest Group Ltd.                                                        | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |     69576 | NS      | $905100.15    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                                              | Dr Reddy's Laboratories Ltd.                                              | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |     52570 | NS      | $758464.44    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitian International Holdings Ltd.                                       | Haitian International Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 30030093DDRS825TVP62       | Long             | EC               | CORP              | KY        |     89000 | NS      | $241257.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                                              | Ooredoo QPSC                                                              | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    241588 | NS      | $892808.93    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Zhongtian Technology Co. Ltd.                                     | Jiangsu Zhongtian Technology Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003006LG5TV3D5D3508       | Long             | EC               | CORP              | CN        |    182200 | NS      | $349225.38    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Empresas CMPC SA                                                          | Empresas CMPC SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CL        |    126903 | NS      | $178766.21    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wanxiang Qianchao Co. Ltd.                                                | Wanxiang Qianchao Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 300300WMILSKZLS04K91       | Long             | EC               | CORP              | CN        |    611100 | NS      | $638192.52    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                                                 | Itausa SA (Preference)                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    729423 | NS      | $1344330.41   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SAL Saudi Logistics Services                                              | SAL Saudi Logistics Services                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      4915 | NS      | $225331.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Datang International Power Generation Co. Ltd.                            | Datang International Power Generation Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 213800VW156IS7SJUL96       | Long             | EC               | CORP              | CN        |    440000 | NS      | $110919.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                                           | GAIL India Ltd.                                                           | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |    108265 | NS      | $218090.32    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PLDT, Inc.                                                                | PLDT, Inc.                                                                | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |     11535 | NS      | $260509.79    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co. Ltd.                                                  | ENN Natural Gas Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300KVDMGNQNP52Z98       | Long             | EC               | CORP              | CN        |    110300 | NS      | $281835.22    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegasus Hava Tasimaciligi A/S                                             | Pegasus Hava Tasimaciligi A/S                                             | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Long             | EC               | CORP              | TR        |     91456 | NS      | $566479.27    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co. PJSC                                | Emirates Telecommunications Group Co. PJSC                                | CUSIP: N/A<br>LEI: 529900XDPQPWEQ9BGB80       | Long             | EC               | CORP              | AE        |    295585 | NS      | $1524177.43   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co.                                                         | Saudi Telecom Co.                                                         | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |    184183 | NS      | $2061687.70   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Torunlar Gayrimenkul Yatirim Ortakligi A/S                                | Torunlar Gayrimenkul Yatirim Ortakligi A/S                                | CUSIP: N/A<br>LEI: 789000AZI3NB7PA5A670       | Long             | EC               | CORP              | TR        |    365032 | NS      | $655973.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| M.Video PJSC                                                              | M.Video PJSC                                                              | CUSIP: N/A<br>LEI: 2534003NF2LMLPBUVF11       | Long             | EC               | CORP              | RU        |      8526 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Medical System Holdings Ltd.                                        | China Medical System Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 529900Z57DVJXUBLHX66       | Long             | EC               | CORP              | KY        |    204000 | NS      | $346372.62    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Triangle Tyre Co. Ltd.                                                    | Triangle Tyre Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    161000 | NS      | $308430.67    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Cimsa Cimento Sanayi ve Ticaret A/S                                       | Cimsa Cimento Sanayi ve Ticaret A/S                                       | CUSIP: N/A<br>LEI: 789000AZR4YMJIHZ1145       | Long             | EC               | CORP              | TR        |    458768 | NS      | $582331.36    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrias Penoles SAB de CV                                              | Industrias Penoles SAB de CV                                              | CUSIP: N/A<br>LEI: 549300WA2HB7776CB324       | Long             | EC               | CORP              | MX        |     12323 | NS      | $323637.97    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Huadian Power International Corp. Ltd.                                    | Huadian Power International Corp. Ltd., Class H                           | CUSIP: N/A<br>LEI: 529900207FCOKWBDRE79       | Long             | EC               | CORP              | CN        |    936000 | NS      | $503902.92    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangling Motors Corp. Ltd.                                               | Jiangling Motors Corp. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 300300I9TKRYYK07B478       | Long             | EC               | CORP              | CN        |    125800 | NS      | $368183.87    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co. Ltd.                                          | E.Sun Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |    824831 | NS      | $882152.01    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Yankuang Energy Group Co. Ltd.                                            | Yankuang Energy Group Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | CN        |    675200 | NS      | $769818.61    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                                         | Centrais Eletricas Brasileiras SA                                         | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    139222 | NS      | $936094.56    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                                          | Turkcell Iletisim Hizmetleri A/S                                          | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    290486 | NS      | $665965.10    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                                    | Petroleo Brasileiro SA (Preference)                                       | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    442594 | NS      | $2572784.37   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                                            | Tata Consultancy Services Ltd.                                            | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     51986 | NS      | $1792812.50   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP                    | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                    | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     63285 | NS      | $1221046.58   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Thai Oil PCL                                                              | Thai Oil PCL                                                              | CUSIP: N/A<br>LEI: 549300HG5527UPZLTT69       | Long             | EC               | CORP              | TH        |    520800 | NS      | $547802.49    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S                                  | Aselsan Elektronik Sanayi ve Ticaret A/S                                  | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    264115 | NS      | $1214736.85   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                                     | Aldar Properties PJSC                                                     | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |    531014 | NS      | $1372212.96   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                                                | CP ALL PCL                                                                | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    585800 | NS      | $846386.39    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                                     | Banco Santander Chile                                                     | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |   9093012 | NS      | $525231.51    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                                 | COSCO SHIPPING Ports Ltd.                                                 | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |    310000 | NS      | $217082.32    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA                                                                   | PRIO SA                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     92617 | NS      | $696006.53    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Embotelladora Andina SA                                                   | Embotelladora Andina SA (Preference), Class B                             | CUSIP: N/A<br>LEI: 254900NNPKP1J9XTSA53       | Long             | EC               | CORP              | CL        |    155664 | NS      | $597298.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brilliance China Automotive Holdings Ltd.                                 | Brilliance China Automotive Holdings Ltd.                                 | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | BM        |   1446000 | NS      | $576802.54    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Aksa Enerji Uretim A/S                                                    | Aksa Enerji Uretim A/S                                                    | CUSIP: N/A<br>LEI: 789000KQC5JTW1S3JG98       | Long             | EC               | CORP              | TR        |    191540 | NS      | $187450.35    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Falabella SA                                                              | Falabella SA                                                              | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |    134078 | NS      | $668591.01    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TangShan Port Group Co. Ltd.                                              | TangShan Port Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300R1OCOESINHQW02       | Long             | EC               | CORP              | CN        |    965200 | NS      | $541813.86    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ISA Energia Brasil SA                                                     | Isa Energia Brasil sa (Preference)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     75687 | NS      | $294392.02    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Grid Co. - Rosseti PJSC                                           | Federal Grid Co. - Rosseti PJSC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |  42872768 | NS      | $0.53         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CGN Power Co. Ltd.                                                        | CGN Power Co. Ltd., Class H                                               | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               | CORP              | CN        |   2473000 | NS      | $929037.73    | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Neoenergia SA                                                             | Neoenergia SA                                                             | CUSIP: N/A<br>LEI: 959800B3RXPMGEZ1W429       | Long             | EC               | CORP              | BR        |    155324 | NS      | $681538.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Anadolu Grubu Holding A/S                                              | AG Anadolu Grubu Holding A/S                                              | CUSIP: N/A<br>LEI: 789000K5XY4AZWGQQU40       | Long             | EC               | CORP              | TR        |     64462 | NS      | $443873.56    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Logistics & Services                                                | ADNOC Logistics & Services                                                | CUSIP: N/A<br>LEI: 254900CIXQYSEOFXAB16       | Long             | EC               | CORP              | AE        |    305860 | NS      | $388044.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Icecek A/S                                                      | Coca-Cola Icecek A/S                                                      | CUSIP: N/A<br>LEI: 789000WT80VVLUWJDK41       | Long             | EC               | CORP              | TR        |    295196 | NS      | $368424.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Phoenix Publishing & Media Corp. Ltd.                             | Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    188000 | NS      | $284397.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China South Publishing & Media Group Co. Ltd.                             | China South Publishing & Media Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    302600 | NS      | $538733.22    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China XD Electric Co. Ltd.                                                | China XD Electric Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 300300HKOTURRVW8R464       | Long             | EC               | CORP              | CN        |    365300 | NS      | $331479.27    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                                   | Hindustan Unilever Ltd.                                                   | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     84064 | NS      | $2414284.25   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                                            | Cia Energetica de Minas Gerais (Preference)                               | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EC               | CORP              | BR        |    435349 | NS      | $796130.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd.                                                  | ENN Energy Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |    100800 | NS      | $821522.24    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp.                                          | China Petroleum & Chemical Corp., Class H                                 | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   2122000 | NS      | $1245237.90   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| An Hui Wenergy Co. Ltd.                                                   | An Hui Wenergy Co. Ltd., Class A                                          | CUSIP: N/A<br>LEI: 300300HYQLVPCWYFV397       | Long             | EC               | CORP              | CN        |    324200 | NS      | $319471.85    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yutong Bus Co. Ltd.                                                       | Yutong Bus Co. Ltd., Class A                                              | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |    190800 | NS      | $658658.36    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Aisidi Co. Ltd.                                                  | Shenzhen Aisidi Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300NS13SV0ZT4GL27       | Long             | EC               | CORP              | CN        |    252540 | NS      | $438104.38    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Petrol Rafinerileri A/S                                           | Turkiye Petrol Rafinerileri A/S                                           | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    178541 | NS      | $741772.80    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiger Brands Ltd.                                                         | Tiger Brands Ltd.                                                         | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     46607 | NS      | $776516.82    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong South New Media Co. Ltd.                                        | Guangdong South New Media Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 3003005EVA5GW7PLTK26       | Long             | EC               | CORP              | CN        |     50600 | NS      | $287555.55    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Tunnel Engineering Co. Ltd.                                      | Shanghai Tunnel Engineering Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 300300MM4YQNHL44T156       | Long             | EC               | CORP              | CN        |    431600 | NS      | $395409.19    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    409445 | NS      | $500396.84    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                                             | China Construction Bank Corp., Class H                                    | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   4961000 | NS      | $5074128.50   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| ZMJ Group Co. Ltd.                                                        | ZMJ Group Co. Ltd., Class A                                               | CUSIP: N/A<br>LEI: 300300PYAQHLZLU5N973       | Long             | EC               | CORP              | CN        |     55700 | NS      | $124846.23    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sistema AFK PAO                                                           | Sistema AFK PAO                                                           | CUSIP: N/A<br>LEI: 213800JSZ2UUK4QQK694       | Long             | EC               | CORP              | RU        |    308352 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Youngor Fashion Co. Ltd.                                                  | Youngor Fashion Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300PRWK21S8R8F317       | Long             | EC               | CORP              | CN        |    433900 | NS      | $441654.93    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                                    | WEG SA                                                                    | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |    154619 | NS      | $1021671.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk. PT                                                   | United Tractors Tbk. PT                                                   | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    385000 | NS      | $564147.80    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| XLSMART Telecom Sejahtera Tbk. PT                                         | XLSMART Telecom Sejahtera Tbk. PT                                         | CUSIP: N/A<br>LEI: 529900GV66NMGZLKFS48       | Long             | EC               | CORP              | ID        |   2431600 | NS      | $372387.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil & Natural Gas Corp. Ltd.                                              | Oil & Natural Gas Corp. Ltd.                                              | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |    244888 | NS      | $670929.59    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                           | Cemex SAB de CV                                                           | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |   2011448 | NS      | $1755019.03   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Petroleum Corp. Ltd.                                            | Hindustan Petroleum Corp. Ltd.                                            | CUSIP: N/A<br>LEI: 335800DWLXIP7HFFY564       | Long             | EC               | CORP              | IN        |     80566 | NS      | $382514.64    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                                                 | Hypera SA                                                                 | CUSIP: N/A<br>LEI: 25490092WKPBKTIZX403       | Long             | EC               | CORP              | BR        |    120547 | NS      | $551546.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                                               | MOL Hungarian Oil & Gas plc                                               | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     85305 | NS      | $741174.54    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                                                 | SCB X PCL                                                                 | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    291700 | NS      | $1126878.18   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatneft PJSC                                                              | Tatneft PJSC                                                              | CUSIP: N/A<br>LEI: 253400PAT768SVJMV121       | Long             | EC               | CORP              | RU        |     17275 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cia Paranaense de Energia - Copel                                         | Cia Paranaense de Energia - Copel (Preference)                            | CUSIP: N/A<br>LEI: 2549001AS1I9A71VG663       | Long             | EC               | CORP              | BR        |    360663 | NS      | $765182.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eclat Textile Co. Ltd.                                                    | Eclat Textile Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     46000 | NS      | $615311.54    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co. Ltd.                                                          | Li Ning Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | KY        |     16500 | NS      | $34958.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                                         | Banco Bradesco SA (Preference)                                            | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    497259 | NS      | $1376452.48   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa SAB de CV                                                            | Alfa SAB de CV, Class A                                                   | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34       | Long             | EC               | CORP              | MX        |   1003829 | NS      | $732185.90    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Dian Tou Energy Corp. Ltd.                                 | Inner Mongolia Dian Tou Energy Corp. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    227416 | NS      | $634308.89    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Zheneng Electric Power Co. Ltd.                                  | Zhejiang Zheneng Electric Power Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 3003007BB94AW2PBWC09       | Long             | EC               | CORP              | CN        |    410900 | NS      | $295550.67    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaibei Mining Holdings Co. Ltd.                                          | Huaibei Mining Holdings Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    174500 | NS      | $296975.02    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongjin Gold Corp. Ltd.                                                  | Zhongjin Gold Corp. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 300300Q0ZK8HFP814Z87       | Long             | EC               | CORP              | CN        |    208000 | NS      | $412792.46    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Electricity & Water Co. QSC                                         | Qatar Electricity & Water Co. QSC                                         | CUSIP: N/A<br>LEI: 2763MA9U3F8LNMP1G116       | Long             | EC               | CORP              | QA        |    129700 | NS      | $573515.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Ltd.                                                                | CITIC Ltd.                                                                | CUSIP: N/A<br>LEI: 2549006I3Q3M98KHOT11       | Long             | EC               | CORP              | HK        |    697000 | NS      | $1045621.69   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S                           | Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S                           | CUSIP: N/A<br>LEI: 789000X6O430WWEWJ527       | Long             | EC               | CORP              | TR        |    506402 | NS      | $367999.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Chemicals Group Bhd.                                             | Petronas Chemicals Group Bhd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    336100 | NS      | $304167.42    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang NHU Co. Ltd.                                                     | Zhejiang NHU Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: 655600NJSJADB39G3P54       | Long             | EC               | CORP              | CN        |    119500 | NS      | $370734.48    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                                                  | GMK Norilskiy Nickel PAO                                                  | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    308700 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Banco de Chile                                                            | Banco de Chile                                                            | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   7319893 | NS      | $1008337.63   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Pharmacare Holdings Ltd.                                            | Aspen Pharmacare Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 635400ZYSN1IRD5QWQ94       | Long             | EC               | CORP              | ZA        |     70538 | NS      | $454215.74    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.                         | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 8368009VDA1C3G87FP95       | Long             | EC               | CORP              | CN        |     87000 | NS      | $420099.14    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Brasil Participacoes SA                                            | Santos Brasil Participacoes SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    211882 | NS      | $527477.22    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Is Yatirim Menkul Degerler A/S                                            | Is Yatirim Menkul Degerler A/S                                            | CUSIP: N/A<br>LEI: 7890005YQXBTRIYDY554       | Long             | EC               | CORP              | TR        |    322553 | NS      | $332288.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd.                                                          | Gold Fields Ltd.                                                          | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     19124 | NS      | $466375.65    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                                                    | Novolipetsk Steel PJSC                                                    | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    155019 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KingClean Electric Co. Ltd.                                               | KingClean Electric Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     21918 | NS      | $69849.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaihe Energy Group Co. Ltd.                                              | Huaihe Energy Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    671400 | NS      | $327743.83    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MLP Saglik Hizmetleri A/S                                                 | MLP Saglik Hizmetleri A/S                                                 | CUSIP: N/A<br>LEI: 789000M2LTGHSXVOQL65       | Long             | EC               | CORP              | TR        |     57035 | NS      | $535998.36    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| America Movil SAB de CV                                                   | America Movil SAB de CV, Series B                                         | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   1393423 | NS      | $1260100.52   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaga Nasional Bhd.                                                      | Tenaga Nasional Bhd.                                                      | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    429500 | NS      | $1308234.64   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Livzon Pharmaceutical Group, Inc.                                         | Livzon Pharmaceutical Group, Inc., Class A                                | CUSIP: N/A<br>LEI: 529900Y4GWTVVTORJ443       | Long             | EC               | CORP              | CN        |     67300 | NS      | $391235.99    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Meihua Holdings Group Co. Ltd.                                            | Meihua Holdings Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 300300T0DPJPWDP2WE30       | Long             | EC               | CORP              | CN        |    249300 | NS      | $388662.24    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                                     | Saudi Arabian Oil Co.                                                     | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    333789 | NS      | $2159833.07   | 0.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jamjoom Pharmaceuticals Factory Co.                                       | Jamjoom Pharmaceuticals Factory Co.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     12250 | NS      | $528989.92    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Mining Co.                                                  | Saudi Arabian Mining Co.                                                  | CUSIP: N/A<br>LEI: 254900R4HAVLB4GY9713       | Long             | EC               | CORP              | SA        |     14030 | NS      | $193972.48    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                                          | Telkom Indonesia Persero Tbk. PT                                          | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   5473800 | NS      | $961171.58    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| KOC Holding A/S                                                           | KOC Holding A/S                                                           | CUSIP: N/A<br>LEI: 7890005U0H950VH19H45       | Long             | EC               | CORP              | TR        |    145028 | NS      | $638903.61    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                                    | Emirates NBD Bank PJSC                                                    | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    101122 | NS      | $736448.86    | 0.23%             |  |  |  | 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        |     97820 | NS      | $97819.90     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                                            | Bid Corp. Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     41457 | NS      | $1042327.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                                            | BB Seguridade Participacoes SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    139374 | NS      | $837555.71    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPI Rockcastle NV                                                        | NEPI Rockcastle NV                                                        | CUSIP: N/A<br>LEI: 549300FMWM53K9ULYT15       | Long             | EC               | CORP              | NL        |    125560 | NS      | $959677.15    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GCC SAB de CV                                                             | GCC SAB de CV                                                             | CUSIP: N/A<br>LEI: 254900WY9XL8033CKX68       | Long             | EC               | CORP              | MX        |     50405 | NS      | $471266.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti plc                                                     | Anglogold Ashanti plc                                                     | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     40245 | NS      | $1829966.07   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Financial Holding Co. Ltd.                                         | Cathay Financial Holding Co. Ltd.                                         | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |    478000 | NS      | $968828.32    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Axiata Group Bhd.                                                         | Axiata Group Bhd.                                                         | CUSIP: N/A<br>LEI: 254900DM0V7OCPDUUC55       | Long             | EC               | CORP              | MY        |     44600 | NS      | $28165.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Marfrig Global Foods SA                                                   | Marfrig Global Foods SA                                                   | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92       | Long             | EC               | CORP              | BR        |    164984 | NS      | $635534.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Huapont Life Sciences Co. Ltd.                                            | Huapont Life Sciences Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 3003009TGXJC0JJVTJ07       | Long             | EC               | CORP              | CN        |    455800 | NS      | $276372.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tian Di Science & Technology Co. Ltd.                                     | Tian Di Science & Technology Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    538300 | NS      | $459893.03    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Heilongjiang Agriculture Co. Ltd.                                         | Heilongjiang Agriculture Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300QU9AQS1YMTV002       | Long             | EC               | CORP              | CN        |    251700 | NS      | $521488.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Americas SA                                                          | Enel Americas SA                                                          | CUSIP: N/A<br>LEI: 549300LKH11TFCJLZK20       | Long             | EC               | CORP              | CL        |   3832451 | NS      | $382216.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Traktor ve Ziraat Makineleri A/S                                     | Turk Traktor ve Ziraat Makineleri A/S                                     | CUSIP: N/A<br>LEI: 7890002G98SY237S0Y70       | Long             | EC               | CORP              | TR        |     16439 | NS      | $238922.77    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Transmissora Alianca de Energia Eletrica S/A                              | Transmissora Alianca de Energia Eletrica S/A                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    114665 | NS      | $683130.68    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yunnan Baiyao Group Co. Ltd.                                              | Yunnan Baiyao Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     32460 | NS      | $252199.38    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Indorama Ventures PCL                                                     | Indorama Ventures PCL                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    483900 | NS      | $340016.84    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Gas Bhd.                                                         | Petronas Gas Bhd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    205500 | NS      | $866328.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sichuan Biokin Pharmaceutical Co. Ltd.                                    | Sichuan Biokin Pharmaceutical Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     11865 | NS      | $504588.96    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxis Bhd.                                                                | Maxis Bhd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    673900 | NS      | $542220.94    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GPS Participacoes e Empreendimentos SA                                    | GPS Participacoes e Empreendimentos SA                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     17378 | NS      | $43820.91     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Naspers Ltd.                                                              | Naspers Ltd., Class N                                                     | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |     10270 | NS      | $3170165.46   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Aygaz A/S                                                                 | Aygaz A/S                                                                 | CUSIP: N/A<br>LEI: 7890000PALXE0100Q814       | Long             | EC               | CORP              | TR        |    109955 | NS      | $442314.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Securities Corp.                                                  | Capital Securities Corp.                                                  | CUSIP: N/A<br>LEI: 5493004ZN3KE1X17MG42       | Long             | EC               | CORP              | TW        |    838000 | NS      | $566653.25    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanxi Coal International Energy Group Co. Ltd.                           | Shanxi Coal International Energy Group Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 3003003UR8BIGZQWJO77       | Long             | EC               | CORP              | CN        |    129600 | NS      | $172170.20    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Aramco Base Oil Co.                                                 | Saudi Aramco Base Oil Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     19072 | NS      | $529224.52    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co. Ltd.                                               | Anhui Conch Cement Co. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |       500 | NS      | $1447.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA                                | Eurobank Ergasias Services and Holdings SA                                | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |    198983 | NS      | $730340.37    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Kalbe Farma Tbk. PT                                                       | Kalbe Farma Tbk. PT                                                       | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |    433700 | NS      | $37510.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Enka Insaat ve Sanayi A/S                                                 | Enka Insaat ve Sanayi A/S                                                 | CUSIP: N/A<br>LEI: 789000EE9HXTYDRH9O46       | Long             | EC               | CORP              | TR        |    460889 | NS      | $787016.51    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                                           | Lojas Renner SA                                                           | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    200881 | NS      | $581166.74    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| YTL Corp. Bhd.                                                            | YTL Corp. Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    238900 | NS      | $138295.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Osotspa PCL                                                               | Osotspa PCL                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    289600 | NS      | $158139.32    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd.                                                  | Woolworths Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |    246054 | NS      | $675369.52    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.                                    | Yangzijiang Shipbuilding Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    441100 | NS      | $865186.35    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar International Islamic Bank QSC                                      | Qatar International Islamic Bank QSC                                      | CUSIP: N/A<br>LEI: 2549007SZGKT5N5ND952       | Long             | EC               | CORP              | QA        |     42982 | NS      | $131299.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Port Holdings Co. Ltd.                                    | China Merchants Port Holdings Co. Ltd.                                    | CUSIP: N/A<br>LEI: 529900GA4UH90FUOR048       | Long             | EC               | CORP              | HK        |    308000 | NS      | $606583.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Credito e Inversiones SA                                         | Banco de Credito e Inversiones SA                                         | CUSIP: N/A<br>LEI: 549300E9E5Y3PKW24142       | Long             | EC               | CORP              | CL        |      4171 | NS      | $165534.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd.                                             | Impala Platinum Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     84277 | NS      | $796537.40    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Taffeta Co. Ltd.                                                  | Formosa Taffeta Co. Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    370000 | NS      | $202409.90    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujian Funeng Co. Ltd.                                                    | Fujian Funeng Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 300300TDQOLNFB5F7X23       | Long             | EC               | CORP              | CN        |    251200 | NS      | $328978.16    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Rostelecom PJSC                                                           | Rostelecom PJSC                                                           | CUSIP: N/A<br>LEI: 2534001D752JPNM0H170       | Long             | EC               | CORP              | RU        |    157186 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Krung Thai Bank PCL                                                       | Krung Thai Bank PCL                                                       | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1336100 | NS      | $879013.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Otomotiv Sanayi A/S                                                  | Ford Otomotiv Sanayi A/S                                                  | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |    214866 | NS      | $502934.32    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                                          | China Feihe Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    873000 | NS      | $518999.47    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                                        | Sun Pharmaceutical Industries Ltd.                                        | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     50627 | NS      | $983178.42    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                                                           | Tata Steel Ltd.                                                           | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |    494945 | NS      | $888837.31    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Global plc                                                        | Agility Global plc                                                        | CUSIP: N/A<br>LEI: 254900GCYJAY76VZD570       | Long             | EC               | CORP              | AE        |    603553 | NS      | $193896.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Indofood CBP Sukses Makmur Tbk. PT                                        | Indofood CBP Sukses Makmur Tbk. PT                                        | CUSIP: N/A<br>LEI: 254900YKZW9GRKZZN285       | Long             | EC               | CORP              | ID        |    773400 | NS      | $459422.17    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co. for Distribution PJSC                          | Abu Dhabi National Oil Co. for Distribution PJSC                          | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |    507145 | NS      | $512246.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Uni-President Enterprises Corp.                                           | Uni-President Enterprises Corp.                                           | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    591000 | NS      | $1559804.56   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TMBThanachart Bank PCL                                                    | TMBThanachart Bank PCL                                                    | CUSIP: N/A<br>LEI: 549300WKGLXEV3DB7I54       | Long             | EC               | CORP              | TH        |   9098200 | NS      | $536680.10    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                                      | Telefonica Brasil SA                                                      | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    179120 | NS      | $1007950.85   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Telekomunikasyon A/S                                                 | Turk Telekomunikasyon A/S                                                 | CUSIP: N/A<br>LEI: 789000A2TXOI10JZLF90       | Long             | EC               | CORP              | TR        |    450917 | NS      | $604447.85    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                                   | OPAP SA                                                                   | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     42112 | NS      | $944824.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| United Breweries Ltd.                                                     | United Breweries Ltd.                                                     | CUSIP: N/A<br>LEI: 335800ADAMN6EW1GCZ31       | Long             | EC               | CORP              | IN        |      2770 | NS      | $61302.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Elm Co.                                                                   | Elm Co.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      4060 | NS      | $983642.36    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd.                                            | Geely Automobile Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    233000 | NS      | $522623.22    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co.                                             | Mouwasat Medical Services Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     15564 | NS      | $314684.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia ERDOS Resources Co. Ltd.                                   | Inner Mongolia ERDOS Resources Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 300300UPV0ZBASQKK574       | Long             | EC               | CORP              | CN        |    192380 | NS      | $270597.06    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mesaieed Petrochemical Holding Co.                                        | Mesaieed Petrochemical Holding Co.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    404959 | NS      | $150544.32    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co. Ltd.                                          | First Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 529900BC1U046Q2GUZ64       | Long             | EC               | CORP              | TW        |    727609 | NS      | $718757.08    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Lombard General Insurance Co. Ltd.                                  | ICICI Lombard General Insurance Co. Ltd.                                  | CUSIP: N/A<br>LEI: 335800ZZITZ7ZZZ2ZX87       | Long             | EC               | CORP              | IN        |      3610 | NS      | $79223.03     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dabur India Ltd.                                                          | Dabur India Ltd.                                                          | CUSIP: N/A<br>LEI: 335800MJPUA2E1FSFL38       | Long             | EC               | CORP              | IN        |     63512 | NS      | $382666.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnitogorsk Iron & Steel Works PJSC                                      | Magnitogorsk Iron & Steel Works PJSC                                      | CUSIP: N/A<br>LEI: 253400XSJ4C01YMCXG44       | Long             | EC               | CORP              | RU        |    334440 | NS      | $0.33         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Harmony Gold Mining Co. Ltd.                                              | Harmony Gold Mining Co. Ltd.                                              | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     82707 | NS      | $1107399.16   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie Brasil Energia SA                                                   | Engie Brasil Energia SA                                                   | CUSIP: N/A<br>LEI: 52990057Q0EK2Q9YBC07       | Long             | EC               | CORP              | BR        |      7662 | NS      | $54856.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mateus SA                                                           | Grupo Mateus SA                                                           | CUSIP: N/A<br>LEI: 2549009L391XCIGEGQ92       | Long             | EC               | CORP              | BR        |     59858 | NS      | $77928.55     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Cervecerias Unidas SA                                                 | Cia Cervecerias Unidas SA                                                 | CUSIP: N/A<br>LEI: 529900BJW9B0O6LI2R39       | Long             | EC               | CORP              | CL        |     43364 | NS      | $256462.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ratch Group PCL                                                           | Ratch Group PCL                                                           | CUSIP: N/A<br>LEI: 2138004IGHN9UQGDSH20       | Long             | EC               | CORP              | TH        |     10100 | NS      | $8168.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd.                                                  | Hindalco Industries Ltd.                                                  | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     28236 | NS      | $218592.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd.                                                       | Kumba Iron Ore Ltd.                                                       | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     23636 | NS      | $390839.82    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. Saudi Arabia                                | Mobile Telecommunications Co. Saudi Arabia                                | CUSIP: N/A<br>LEI: 254900XHCET9KD2D4R78       | Long             | EC               | CORP              | SA        |    100984 | NS      | $279749.71    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                                                 | Gerdau SA (Preference)                                                    | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    193609 | NS      | $581219.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Controladora Alpek SAB de CV                                              | Controladora Alpek SAB de CV                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   1012121 | NS      | $144856.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co. Ltd.                                                 | Chunghwa Telecom Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    414000 | NS      | $1789010.55   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd.                                                         | Indus Towers Ltd.                                                         | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    114636 | NS      | $472765.84    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BRF SA                                                                    | BRF SA                                                                    | CUSIP: N/A<br>LEI: 254900MTXR9LUVQFU480       | Long             | EC               | CORP              | BR        |    135802 | NS      | $486986.30    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magyar Telekom Telecommunications plc                                     | Magyar Telekom Telecommunications plc                                     | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    148894 | NS      | $739316.54    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                                      | Richter Gedeon Nyrt.                                                      | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     31757 | NS      | $953200.15    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Glenmark Pharmaceuticals Ltd.                                             | Glenmark Pharmaceuticals Ltd.                                             | CUSIP: N/A<br>LEI: 335800WKECZXIIT9GK20       | Long             | EC               | CORP              | IN        |      9376 | NS      | $227543.77    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Transsion Holdings Co. Ltd.                                      | Shenzhen Transsion Holdings Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 300300PDJRSNMVF0VJ83       | Long             | EC               | CORP              | CN        |      3201 | NS      | $33731.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                                        | Grupo Financiero Banorte SAB de CV, Class O                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    274594 | NS      | $2445509.56   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulker Biskuvi Sanayi A/S                                                  | Ulker Biskuvi Sanayi A/S                                                  | CUSIP: N/A<br>LEI: 7890009HEU9BS7J3DA93       | Long             | EC               | CORP              | TR        |    126428 | NS      | $340786.47    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Mavi Giyim Sanayi ve Ticaret A/S                                          | Mavi Giyim Sanayi ve Ticaret A/S, Class B                                 | CUSIP: N/A<br>LEI: 7890004V7753Z4N1L403       | Long             | EC               | CORP              | TR        |    443317 | NS      | $460852.88    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sahara International Petrochemical Co.                                    | Sahara International Petrochemical Co.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     62562 | NS      | $298180.02    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd.                                       | Press Metal Aluminium Holdings Bhd.                                       | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |    341300 | NS      | $426251.64    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting Malaysia Bhd.                                                     | Genting Malaysia Bhd.                                                     | CUSIP: N/A<br>LEI: 254900LABBWDEDUVRB07       | Long             | EC               | CORP              | MY        |    476700 | NS      | $218067.35    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                                           | CPFL Energia SA                                                           | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |    101984 | NS      | $686808.16    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                                 | Coca-Cola Femsa SAB de CV                                                 | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33       | Long             | EC               | CORP              | MX        |    103156 | NS      | $857400.52    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                                     | HCL Technologies Ltd.                                                     | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     70657 | NS      | $1177860.13   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Public Warehousing Co. KSC                                        | Agility Public Warehousing Co. KSC                                        | CUSIP: N/A<br>LEI: 549300C16Q6C2NMAI063       | Long             | EC               | CORP              | KW        |    445752 | NS      | $207815.84    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                                          | Tata Motors Ltd.                                                          | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |     98959 | NS      | $747998.43    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                                              | Infosys Ltd.                                                              | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    224564 | NS      | $3819148.34   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd.                                                                  | UPL Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     12381 | NS      | $99052.33     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                                           | Porto Seguro SA                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     66041 | NS      | $610574.52    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC Group PJSC                                                           | NMDC Group PJSC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    105678 | NS      | $718128.77    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                                           | Grupo Cibest SA (Preference)                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CO        |     18100 | NS      | $195886.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA                               | Hellenic Telecommunications Organization SA                               | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     43133 | NS      | $782651.74    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sao Martinho S/A                                                          | Sao Martinho SA                                                           | CUSIP: N/A<br>LEI: 549300R3Z74BNJBF4161       | Long             | EC               | CORP              | BR        |     99275 | NS      | $306536.19    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd.                                                           | Coal India Ltd.                                                           | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |     49053 | NS      | $209772.53    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd.                                                            | MTN Group Ltd.                                                            | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    203487 | NS      | $1710313.75   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Motor Oil Hellas Corinth Refineries SA                                    | Motor Oil Hellas Corinth Refineries SA                                    | CUSIP: N/A<br>LEI: 213800U3Y9UL7Y4QVM11       | Long             | EC               | CORP              | GR        |     26489 | NS      | $758842.79    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret A/S                                                        | Migros Ticaret A/S                                                        | CUSIP: N/A<br>LEI: 5493002IOWNT1QZMAA74       | Long             | EC               | CORP              | TR        |     45504 | NS      | $586827.99    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding plc                                                       | Talabat Holding plc                                                       | CUSIP: N/A<br>LEI: 529900MAA20AIKRXOA24       | Long             | EC               | CORP              | AE        |   1094741 | NS      | $374515.28    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                                  | CIMB Group Holdings Bhd.                                                  | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    606500 | NS      | $927106.42    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CSN Mineracao SA                                                          | CSN Mineracao SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    585396 | NS      | $528989.61    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dubai Islamic Bank PJSC                                                   | Dubai Islamic Bank PJSC                                                   | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    484341 | NS      | $1313562.91   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Steel Authority of India Ltd.                                             | Steel Authority of India Ltd.                                             | CUSIP: N/A<br>LEI: 335800ZJXMF183ZCQI90       | Long             | EC               | CORP              | IN        |    130743 | NS      | $184624.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Yonfer Agricultural Technology Co. Ltd.                                   | Yonfer Agricultural Technology Co. Ltd.                                   | CUSIP: N/A<br>LEI: 3003005L5KIOE9PUI970       | Long             | EC               | CORP              | CN        |    195300 | NS      | $384695.10    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Metlen Energy & Metals SA                                                 | Metlen Energy & Metals SA                                                 | CUSIP: N/A<br>LEI: 213800KT8MEUJEJ2KW41       | Long             | EC               | CORP              | GR        |     19067 | NS      | $1048902.30   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Enterprises Holdings Ltd.                                         | Beijing Enterprises Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |     77500 | NS      | $324265.21    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                                                | BIM Birlesik Magazalar A/S                                                | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |     59102 | NS      | $772356.30    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| International Games System Co. Ltd.                                       | International Games System Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $653692.22    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S     | Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    118408 | NS      | $304535.29    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel & Power Ltd.                                                 | Jindal Steel & Power Ltd.                                                 | CUSIP: N/A<br>LEI: 335800UIKQBF6QO2NP15       | Long             | EC               | CORP              | IN        |     24941 | NS      | $273433.06    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaanxi Coal Industry Co. Ltd.                                            | Shaanxi Coal Industry Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    246800 | NS      | $688230.48    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                                 | NTPC Ltd.                                                                 | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    275602 | NS      | $1045998.05   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuanta Financial Holding Co. Ltd.                                         | Yuanta Financial Holding Co. Ltd.                                         | CUSIP: N/A<br>LEI: 21380045JG57LJEFFE13       | Long             | EC               | CORP              | TW        |   1323820 | NS      | $1373175.36   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                                   | Minor International PCL                                                   | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |    198500 | NS      | $150962.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Empresas Copec SA                                                         | Empresas Copec SA                                                         | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               | CORP              | CL        |     24539 | NS      | $162456.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co. Ltd.                            | Shandong Weigao Group Medical Polymer Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | CN        |     30000 | NS      | $26407.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production PCL                                          | PTT Exploration & Production PCL                                          | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    258800 | NS      | $996310.10    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Metalurgica Gerdau SA                                                     | Metalurgica Gerdau SA (Preference)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    240066 | NS      | $400856.69    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Sud Americana de Vapores SA                                           | Cia Sud Americana de Vapores SA                                           | CUSIP: N/A<br>LEI: 549300F26ZOE5LM26551       | Long             | EC               | CORP              | CL        |  11613160 | NS      | $586860.94    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer