# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001865
**Filing Date:** 2025-9
**Character Count:** 147039
**Document Hash:** d029e8ddf2880a2a6f499178b6973e0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001865.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001865

**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:** 251341878

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

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

## Series and Classes Contracts Data

### JPMorgan U.S. Momentum Factor ETF (Series ID: S000059313)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000194672 | JPMorgan U.S. Momentum Factor ETF | JMOM            |

## Nport-Ex

**JPMorgan U.S. Momentum Factor 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 U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — 99.9%** | **Common Stocks — 99.9%** | **Common Stocks — 99.9%** |
| **Aerospace & Defense — 4.3%** | **Aerospace & Defense — 4.3%** | **Aerospace & Defense — 4.3%** |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7532 | &nbsp;&nbsp;&nbsp;&nbsp; 5690351 |
| &nbsp;&nbsp;&nbsp; BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25648 | &nbsp;&nbsp;&nbsp;&nbsp; 3896701 |
| &nbsp;&nbsp;&nbsp; Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8178 | &nbsp;&nbsp;&nbsp;&nbsp; 4009019 |
| &nbsp;&nbsp;&nbsp; GE Aerospace | &nbsp;&nbsp;&nbsp;&nbsp; 64465 | &nbsp;&nbsp;&nbsp;&nbsp; 17475172 |
| &nbsp;&nbsp;&nbsp; HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11895 | &nbsp;&nbsp;&nbsp;&nbsp; 3887286 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37264 | &nbsp;&nbsp;&nbsp;&nbsp; 6698949 |
| &nbsp;&nbsp;&nbsp; Rocket Lab Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 137711 | &nbsp;&nbsp;&nbsp;&nbsp; 6323689 |
| &nbsp;&nbsp;&nbsp; RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 81440 | &nbsp;&nbsp;&nbsp;&nbsp; 12832501 |
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4552 | &nbsp;&nbsp;&nbsp;&nbsp; 7321710 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 68135378 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 17097 | &nbsp;&nbsp;&nbsp;&nbsp; 1160715 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11180 | &nbsp;&nbsp;&nbsp;&nbsp; 1249365 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2410080 |
| **Chemicals — 0.6%** | **Chemicals — 0.6%** | **Chemicals — 0.6%** |
| &nbsp;&nbsp;&nbsp; Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23668 | &nbsp;&nbsp;&nbsp;&nbsp; 6195336 |
| &nbsp;&nbsp;&nbsp; Linde plc | &nbsp;&nbsp;&nbsp;&nbsp; 7197 | &nbsp;&nbsp;&nbsp;&nbsp; 3312491 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9507827 |
| **Construction & Materials — 1.7%** | **Construction & Materials — 1.7%** | **Construction & Materials — 1.7%** |
| &nbsp;&nbsp;&nbsp; Acuity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2869 | &nbsp;&nbsp;&nbsp;&nbsp; 893263 |
| &nbsp;&nbsp;&nbsp; Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6559 | &nbsp;&nbsp;&nbsp;&nbsp; 1234207 |
| &nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8445 | &nbsp;&nbsp;&nbsp;&nbsp; 5299153 |
| &nbsp;&nbsp;&nbsp; Lennox International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6228 | &nbsp;&nbsp;&nbsp;&nbsp; 3792852 |
| &nbsp;&nbsp;&nbsp; Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 15750 | &nbsp;&nbsp;&nbsp;&nbsp; 1423958 |
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15669 | &nbsp;&nbsp;&nbsp;&nbsp; 6363651 |
| &nbsp;&nbsp;&nbsp; Trane Technologies plc | &nbsp;&nbsp;&nbsp;&nbsp; 18123 | &nbsp;&nbsp;&nbsp;&nbsp; 7939324 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26946408 |
| **Consumer Services — 1.5%** | **Consumer Services — 1.5%** | **Consumer Services — 1.5%** |
| &nbsp;&nbsp;&nbsp; Copart, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 93750 | &nbsp;&nbsp;&nbsp;&nbsp; 4249688 |
| &nbsp;&nbsp;&nbsp; Duolingo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8110 | &nbsp;&nbsp;&nbsp;&nbsp; 2810521 |
| &nbsp;&nbsp;&nbsp; Grand Canyon Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13269 | &nbsp;&nbsp;&nbsp;&nbsp; 2237551 |
| &nbsp;&nbsp;&nbsp; H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25604 | &nbsp;&nbsp;&nbsp;&nbsp; 1391321 |
| &nbsp;&nbsp;&nbsp; Rollins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43800 | &nbsp;&nbsp;&nbsp;&nbsp; 2508426 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 127681 | &nbsp;&nbsp;&nbsp;&nbsp; 11204008 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 24401515 |
| **Electricity — 1.5%** | **Electricity — 1.5%** | **Electricity — 1.5%** |
| &nbsp;&nbsp;&nbsp; Entergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 56502 | &nbsp;&nbsp;&nbsp;&nbsp; 5109476 |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 51361 | &nbsp;&nbsp;&nbsp;&nbsp; 3636359 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29498 | &nbsp;&nbsp;&nbsp;&nbsp; 4932066 |
| &nbsp;&nbsp;&nbsp; OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24056 | &nbsp;&nbsp;&nbsp;&nbsp; 1092623 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 31444 | &nbsp;&nbsp;&nbsp;&nbsp; 2970829 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26891 | &nbsp;&nbsp;&nbsp;&nbsp; 5607849 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23349202 |
| **Electronic & Electrical Equipment — 0.4%** | **Electronic & Electrical Equipment — 0.4%** | **Electronic & Electrical Equipment — 0.4%** |
| &nbsp;&nbsp;&nbsp; Hubbell, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9533 | &nbsp;&nbsp;&nbsp;&nbsp; 4170497 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Electronic & Electrical Equipment — continued** | **Electronic & Electrical Equipment — continued** | **Electronic & Electrical Equipment — continued** |
| &nbsp;&nbsp;&nbsp; Pentair plc | &nbsp;&nbsp;&nbsp;&nbsp; 9695 | &nbsp;&nbsp;&nbsp;&nbsp; 990829 |
| &nbsp;&nbsp;&nbsp; Veralto Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13218 | &nbsp;&nbsp;&nbsp;&nbsp; 1385643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6546969 |
| **Finance & Credit Services — 0.3%** | **Finance & Credit Services — 0.3%** | **Finance & Credit Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 58706 | &nbsp;&nbsp;&nbsp;&nbsp; 1520485 |
| &nbsp;&nbsp;&nbsp; SLM Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 106360 | &nbsp;&nbsp;&nbsp;&nbsp; 3382248 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4902733 |
| **Food Producers — 0.8%** | **Food Producers — 0.8%** | **Food Producers — 0.8%** |
| &nbsp;&nbsp;&nbsp; BellRing Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29536 | &nbsp;&nbsp;&nbsp;&nbsp; 1612075 |
| &nbsp;&nbsp;&nbsp; Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19735 | &nbsp;&nbsp;&nbsp;&nbsp; 2595942 |
| &nbsp;&nbsp;&nbsp; Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29694 | &nbsp;&nbsp;&nbsp;&nbsp; 1407199 |
| &nbsp;&nbsp;&nbsp; Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23644 | &nbsp;&nbsp;&nbsp;&nbsp; 2501771 |
| &nbsp;&nbsp;&nbsp; US Foods Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 51033 | &nbsp;&nbsp;&nbsp;&nbsp; 4252580 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12369567 |
| **Gas, Water & Multi-utilities — 0.9%** | **Gas, Water & Multi-utilities — 0.9%** | **Gas, Water & Multi-utilities — 0.9%** |
| &nbsp;&nbsp;&nbsp; Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 42288 | &nbsp;&nbsp;&nbsp;&nbsp; 4276585 |
| &nbsp;&nbsp;&nbsp; Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6106 | &nbsp;&nbsp;&nbsp;&nbsp; 952047 |
| &nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66043 | &nbsp;&nbsp;&nbsp;&nbsp; 1139242 |
| &nbsp;&nbsp;&nbsp; National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp; 30463 | &nbsp;&nbsp;&nbsp;&nbsp; 2643884 |
| &nbsp;&nbsp;&nbsp; NiSource, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96639 | &nbsp;&nbsp;&nbsp;&nbsp; 4102326 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7164 | &nbsp;&nbsp;&nbsp;&nbsp; 781449 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13895533 |
| **General Industrials — 2.5%** | **General Industrials — 2.5%** | **General Industrials — 2.5%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp; 47713 | &nbsp;&nbsp;&nbsp;&nbsp; 7119734 |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 27110 | &nbsp;&nbsp;&nbsp;&nbsp; 10429759 |
| &nbsp;&nbsp;&nbsp; GE Vernova, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19724 | &nbsp;&nbsp;&nbsp;&nbsp; 13023560 |
| &nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10893 | &nbsp;&nbsp;&nbsp;&nbsp; 7972587 |
| &nbsp;&nbsp;&nbsp; RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14089 | &nbsp;&nbsp;&nbsp;&nbsp; 1654189 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 40199829 |
| **Health Care Providers — 1.0%** | **Health Care Providers — 1.0%** | **Health Care Providers — 1.0%** |
| &nbsp;&nbsp;&nbsp; Doximity, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 47096 | &nbsp;&nbsp;&nbsp;&nbsp; 2766890 |
| &nbsp;&nbsp;&nbsp; Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29740 | &nbsp;&nbsp;&nbsp;&nbsp; 3274671 |
| &nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7983 | &nbsp;&nbsp;&nbsp;&nbsp; 2825902 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21877 | &nbsp;&nbsp;&nbsp;&nbsp; 3528323 |
| &nbsp;&nbsp;&nbsp; Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 16340 | &nbsp;&nbsp;&nbsp;&nbsp; 2719793 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15115579 |
| **Household Goods & Home Construction — 0.5%** | **Household Goods & Home Construction — 0.5%** | **Household Goods & Home Construction — 0.5%** |
| &nbsp;&nbsp;&nbsp; SharkNinja, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38720 | &nbsp;&nbsp;&nbsp;&nbsp; 4495392 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 57125 | &nbsp;&nbsp;&nbsp;&nbsp; 4134708 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8630100 |
| **Industrial Engineering — 0.8%** | **Industrial Engineering — 0.8%** | **Industrial Engineering — 0.8%** |
| &nbsp;&nbsp;&nbsp; Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29320 | &nbsp;&nbsp;&nbsp;&nbsp; 12842746 |
| **Industrial Materials — 0.2%** | **Industrial Materials — 0.2%** | **Industrial Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp; International Paper Co. | &nbsp;&nbsp;&nbsp;&nbsp; 52934 | &nbsp;&nbsp;&nbsp;&nbsp; 2474135 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Industrial Metals & Mining — 0.7%** | **Industrial Metals & Mining — 0.7%** | **Industrial Metals & Mining — 0.7%** |
| &nbsp;&nbsp;&nbsp; Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14421 | &nbsp;&nbsp;&nbsp;&nbsp; 3596453 |
| &nbsp;&nbsp;&nbsp; Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3372 | &nbsp;&nbsp;&nbsp;&nbsp; 978318 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. (Mexico) | &nbsp;&nbsp;&nbsp;&nbsp; 27755 | &nbsp;&nbsp;&nbsp;&nbsp; 2613411 |
| &nbsp;&nbsp;&nbsp; Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26634 | &nbsp;&nbsp;&nbsp;&nbsp; 3397433 |
| &nbsp;&nbsp;&nbsp; Timken Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 2489 | &nbsp;&nbsp;&nbsp;&nbsp; 189388 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10775003 |
| **Industrial Support Services — 2.9%** | **Industrial Support Services — 2.9%** | **Industrial Support Services — 2.9%** |
| &nbsp;&nbsp;&nbsp; American Express Co. | &nbsp;&nbsp;&nbsp;&nbsp; 37478 | &nbsp;&nbsp;&nbsp;&nbsp; 11217540 |
| &nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13107 | &nbsp;&nbsp;&nbsp;&nbsp; 4056617 |
| &nbsp;&nbsp;&nbsp; Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30452 | &nbsp;&nbsp;&nbsp;&nbsp; 6777093 |
| &nbsp;&nbsp;&nbsp; Core & Main, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 62771 | &nbsp;&nbsp;&nbsp;&nbsp; 3994747 |
| &nbsp;&nbsp;&nbsp; ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 35911 | &nbsp;&nbsp;&nbsp;&nbsp; 1559615 |
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2618 | &nbsp;&nbsp;&nbsp;&nbsp; 3761333 |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40646 | &nbsp;&nbsp;&nbsp;&nbsp; 5647355 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 43106 | &nbsp;&nbsp;&nbsp;&nbsp; 1898819 |
| &nbsp;&nbsp;&nbsp; Verisk Analytics, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 5041 | &nbsp;&nbsp;&nbsp;&nbsp; 1404977 |
| &nbsp;&nbsp;&nbsp; WW Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4697 | &nbsp;&nbsp;&nbsp;&nbsp; 4882719 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45200815 |
| **Industrial Transportation — 0.6%** | **Industrial Transportation — 0.6%** | **Industrial Transportation — 0.6%** |
| &nbsp;&nbsp;&nbsp; Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31638 | &nbsp;&nbsp;&nbsp;&nbsp; 2849635 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20844 | &nbsp;&nbsp;&nbsp;&nbsp; 3704187 |
| &nbsp;&nbsp;&nbsp; XPO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26556 | &nbsp;&nbsp;&nbsp;&nbsp; 3194421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9748243 |
| **Investment Banking & Brokerage Services — 7.0%** | **Investment Banking & Brokerage Services — 7.0%** | **Investment Banking & Brokerage Services — 7.0%** |
| &nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10528 | &nbsp;&nbsp;&nbsp;&nbsp; 5455504 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 69048 | &nbsp;&nbsp;&nbsp;&nbsp; 7004920 |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 59424 | &nbsp;&nbsp;&nbsp;&nbsp; 28040997 |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28888 | &nbsp;&nbsp;&nbsp;&nbsp; 8038953 |
| &nbsp;&nbsp;&nbsp; Equitable Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 73117 | &nbsp;&nbsp;&nbsp;&nbsp; 3754558 |
| &nbsp;&nbsp;&nbsp; Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 13039 | &nbsp;&nbsp;&nbsp;&nbsp; 3926565 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 19364 | &nbsp;&nbsp;&nbsp;&nbsp; 14011597 |
| &nbsp;&nbsp;&nbsp; Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8831 | &nbsp;&nbsp;&nbsp;&nbsp; 1683718 |
| &nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 80517 | &nbsp;&nbsp;&nbsp;&nbsp; 5278695 |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 44976 | &nbsp;&nbsp;&nbsp;&nbsp; 8312914 |
| &nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23535 | &nbsp;&nbsp;&nbsp;&nbsp; 1357028 |
| &nbsp;&nbsp;&nbsp; Lazard, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 634 | &nbsp;&nbsp;&nbsp;&nbsp; 32955 |
| &nbsp;&nbsp;&nbsp; Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 55333 | &nbsp;&nbsp;&nbsp;&nbsp; 5324141 |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 77869 | &nbsp;&nbsp;&nbsp;&nbsp; 8024400 |
| &nbsp;&nbsp;&nbsp; Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14720 | &nbsp;&nbsp;&nbsp;&nbsp; 1679846 |
| &nbsp;&nbsp;&nbsp; TPG, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 50652 | &nbsp;&nbsp;&nbsp;&nbsp; 2890710 |
| &nbsp;&nbsp;&nbsp; Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17634 | &nbsp;&nbsp;&nbsp;&nbsp; 2443191 |
| &nbsp;&nbsp;&nbsp; Virtu Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 74693 | &nbsp;&nbsp;&nbsp;&nbsp; 3296949 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 110557641 |
| **Leisure Goods — 0.5%** | **Leisure Goods — 0.5%** | **Leisure Goods — 0.5%** |
| &nbsp;&nbsp;&nbsp; ROBLOX Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 58747 | &nbsp;&nbsp;&nbsp;&nbsp; 8094749 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Life Insurance — 0.7%** | **Life Insurance — 0.7%** | **Life Insurance — 0.7%** |
| &nbsp;&nbsp;&nbsp; Aflac, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 51614 | &nbsp;&nbsp;&nbsp;&nbsp; 5128367 |
| &nbsp;&nbsp;&nbsp; Corebridge Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1224 | &nbsp;&nbsp;&nbsp;&nbsp; 43525 |
| &nbsp;&nbsp;&nbsp; Globe Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16518 | &nbsp;&nbsp;&nbsp;&nbsp; 2320284 |
| &nbsp;&nbsp;&nbsp; Primerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 396 | &nbsp;&nbsp;&nbsp;&nbsp; 105190 |
| &nbsp;&nbsp;&nbsp; Unum Group | &nbsp;&nbsp;&nbsp;&nbsp; 46888 | &nbsp;&nbsp;&nbsp;&nbsp; 3367027 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10964393 |
| **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp-Liberty Formula One, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 36132 | &nbsp;&nbsp;&nbsp;&nbsp; 3625846 |
| &nbsp;&nbsp;&nbsp; Netflix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23343 | &nbsp;&nbsp;&nbsp;&nbsp; 27063874 |
| &nbsp;&nbsp;&nbsp; Spotify Technology SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 11814 | &nbsp;&nbsp;&nbsp;&nbsp; 7401944 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 38091664 |
| **Medical Equipment & Services — 3.3%** | **Medical Equipment & Services — 3.3%** | **Medical Equipment & Services — 3.3%** |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp; 75772 | &nbsp;&nbsp;&nbsp;&nbsp; 9561669 |
| &nbsp;&nbsp;&nbsp; Boston Scientific Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 102830 | &nbsp;&nbsp;&nbsp;&nbsp; 10788924 |
| &nbsp;&nbsp;&nbsp; Insulet Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13286 | &nbsp;&nbsp;&nbsp;&nbsp; 3831682 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23445 | &nbsp;&nbsp;&nbsp;&nbsp; 11279155 |
| &nbsp;&nbsp;&nbsp; Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24513 | &nbsp;&nbsp;&nbsp;&nbsp; 3276407 |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20768 | &nbsp;&nbsp;&nbsp;&nbsp; 3476771 |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24222 | &nbsp;&nbsp;&nbsp;&nbsp; 9512706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 51727314 |
| **Non-life Insurance — 2.6%** | **Non-life Insurance — 2.6%** | **Non-life Insurance — 2.6%** |
| &nbsp;&nbsp;&nbsp; Allstate Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 27474 | &nbsp;&nbsp;&nbsp;&nbsp; 5584091 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 22009 | &nbsp;&nbsp;&nbsp;&nbsp; 6322085 |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 32815 | &nbsp;&nbsp;&nbsp;&nbsp; 3079360 |
| &nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39633 | &nbsp;&nbsp;&nbsp;&nbsp; 3621267 |
| &nbsp;&nbsp;&nbsp; Cincinnati Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12858 | &nbsp;&nbsp;&nbsp;&nbsp; 1896684 |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 37888 | &nbsp;&nbsp;&nbsp;&nbsp; 4712888 |
| &nbsp;&nbsp;&nbsp; Old Republic International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 91445 | &nbsp;&nbsp;&nbsp;&nbsp; 3307566 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 40062 | &nbsp;&nbsp;&nbsp;&nbsp; 9696606 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10588 | &nbsp;&nbsp;&nbsp;&nbsp; 647880 |
| &nbsp;&nbsp;&nbsp; WR Berkley Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35693 | &nbsp;&nbsp;&nbsp;&nbsp; 2456035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 41324462 |
| **Non-Renewable Energy — 3.1%** | **Non-Renewable Energy — 3.1%** | **Non-Renewable Energy — 3.1%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 180370 | &nbsp;&nbsp;&nbsp;&nbsp; 3309789 |
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16118 | &nbsp;&nbsp;&nbsp;&nbsp; 3801914 |
| &nbsp;&nbsp;&nbsp; DT Midstream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33234 | &nbsp;&nbsp;&nbsp;&nbsp; 3414129 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 204934 | &nbsp;&nbsp;&nbsp;&nbsp; 5750448 |
| &nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33419 | &nbsp;&nbsp;&nbsp;&nbsp; 5687580 |
| &nbsp;&nbsp;&nbsp; Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp; 38826 | &nbsp;&nbsp;&nbsp;&nbsp; 4798117 |
| &nbsp;&nbsp;&nbsp; Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 23668 | &nbsp;&nbsp;&nbsp;&nbsp; 3938592 |
| &nbsp;&nbsp;&nbsp; TechnipFMC plc (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp; 107248 | &nbsp;&nbsp;&nbsp;&nbsp; 3900610 |
| &nbsp;&nbsp;&nbsp; Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2966 | &nbsp;&nbsp;&nbsp;&nbsp; 2871473 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27491 | &nbsp;&nbsp;&nbsp;&nbsp; 3774789 |
| &nbsp;&nbsp;&nbsp; Viper Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27814 | &nbsp;&nbsp;&nbsp;&nbsp; 1047475 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 110364 | &nbsp;&nbsp;&nbsp;&nbsp; 6616322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 48911238 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Personal Care, Drug & Grocery Stores — 1.8%** | **Personal Care, Drug & Grocery Stores — 1.8%** | **Personal Care, Drug & Grocery Stores — 1.8%** |
| &nbsp;&nbsp;&nbsp; Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7042 | &nbsp;&nbsp;&nbsp;&nbsp; 3662756 |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18765 | &nbsp;&nbsp;&nbsp;&nbsp; 5368291 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp;&nbsp; 54558 | &nbsp;&nbsp;&nbsp;&nbsp; 4574688 |
| &nbsp;&nbsp;&nbsp; Kroger Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 65953 | &nbsp;&nbsp;&nbsp;&nbsp; 4623305 |
| &nbsp;&nbsp;&nbsp; McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10320 | &nbsp;&nbsp;&nbsp;&nbsp; 7157333 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 18017 | &nbsp;&nbsp;&nbsp;&nbsp; 2711018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28097391 |
| **Pharmaceuticals, Biotechnology & Marijuana Producers — 4.3%** | **Pharmaceuticals, Biotechnology & Marijuana Producers — 4.3%** | **Pharmaceuticals, Biotechnology & Marijuana Producers — 4.3%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 88253 | &nbsp;&nbsp;&nbsp;&nbsp; 16681582 |
| &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15945 | &nbsp;&nbsp;&nbsp;&nbsp; 6254267 |
| &nbsp;&nbsp;&nbsp; Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30589 | &nbsp;&nbsp;&nbsp;&nbsp; 4748025 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 25736 | &nbsp;&nbsp;&nbsp;&nbsp; 19046441 |
| &nbsp;&nbsp;&nbsp; Exelixis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 85334 | &nbsp;&nbsp;&nbsp;&nbsp; 3090797 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 88689 | &nbsp;&nbsp;&nbsp;&nbsp; 9958888 |
| &nbsp;&nbsp;&nbsp; Roivant Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 113377 | &nbsp;&nbsp;&nbsp;&nbsp; 1287963 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16812 | &nbsp;&nbsp;&nbsp;&nbsp; 7680898 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 68748861 |
| **Real Estate Investment & Services — 0.5%** | **Real Estate Investment & Services — 0.5%** | **Real Estate Investment & Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; CBRE Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 34634 | &nbsp;&nbsp;&nbsp;&nbsp; 5393899 |
| &nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7022 | &nbsp;&nbsp;&nbsp;&nbsp; 1898468 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7292367 |
| **Real Estate Investment Trusts — 1.9%** | **Real Estate Investment Trusts — 1.9%** | **Real Estate Investment Trusts — 1.9%** |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22956 | &nbsp;&nbsp;&nbsp;&nbsp; 1645945 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2906 | &nbsp;&nbsp;&nbsp;&nbsp; 512735 |
| &nbsp;&nbsp;&nbsp; EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp; 33540 | &nbsp;&nbsp;&nbsp;&nbsp; 1846042 |
| &nbsp;&nbsp;&nbsp; Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4829 | &nbsp;&nbsp;&nbsp;&nbsp; 1256409 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 40344 | &nbsp;&nbsp;&nbsp;&nbsp; 3927892 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10099 | &nbsp;&nbsp;&nbsp;&nbsp; 1438400 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45212 | &nbsp;&nbsp;&nbsp;&nbsp; 1758747 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33762 | &nbsp;&nbsp;&nbsp;&nbsp; 5529878 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 62644 | &nbsp;&nbsp;&nbsp;&nbsp; 4208424 |
| &nbsp;&nbsp;&nbsp; Welltower, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 52017 | &nbsp;&nbsp;&nbsp;&nbsp; 8586446 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 30710918 |
| **Retailers — 8.0%** | **Retailers — 8.0%** | **Retailers — 8.0%** |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40904 | &nbsp;&nbsp;&nbsp;&nbsp; 9576035 |
| &nbsp;&nbsp;&nbsp; Amer Sports, Inc. (Finland) \* | &nbsp;&nbsp;&nbsp;&nbsp; 58325 | &nbsp;&nbsp;&nbsp;&nbsp; 2189521 |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16349 | &nbsp;&nbsp;&nbsp;&nbsp; 3149471 |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1594 | &nbsp;&nbsp;&nbsp;&nbsp; 6006798 |
| &nbsp;&nbsp;&nbsp; Carvana Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16469 | &nbsp;&nbsp;&nbsp;&nbsp; 6425710 |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24889 | &nbsp;&nbsp;&nbsp;&nbsp; 23386700 |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 115143 | &nbsp;&nbsp;&nbsp;&nbsp; 2240683 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 53339 | &nbsp;&nbsp;&nbsp;&nbsp; 19602616 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19295 | &nbsp;&nbsp;&nbsp;&nbsp; 4313783 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 75459 | &nbsp;&nbsp;&nbsp;&nbsp; 7419129 |
| &nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10989 | &nbsp;&nbsp;&nbsp;&nbsp; 1839668 |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 48199 | &nbsp;&nbsp;&nbsp;&nbsp; 5206938 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Retailers — continued** | **Retailers — continued** | **Retailers — continued** |
| &nbsp;&nbsp;&nbsp; TJX Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 77397 | &nbsp;&nbsp;&nbsp;&nbsp; 9638248 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 246004 | &nbsp;&nbsp;&nbsp;&nbsp; 24103472 |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7664 | &nbsp;&nbsp;&nbsp;&nbsp; 1433551 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 126532323 |
| **Software & Computer Services — 25.4%** | **Software & Computer Services — 25.4%** | **Software & Computer Services — 25.4%** |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 161133 | &nbsp;&nbsp;&nbsp;&nbsp; 30921423 |
| &nbsp;&nbsp;&nbsp; Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13641 | &nbsp;&nbsp;&nbsp;&nbsp; 1164396 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 20008 | &nbsp;&nbsp;&nbsp;&nbsp; 7817126 |
| &nbsp;&nbsp;&nbsp; Atlassian Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 23184 | &nbsp;&nbsp;&nbsp;&nbsp; 4446228 |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20807 | &nbsp;&nbsp;&nbsp;&nbsp; 6306810 |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 32659 | &nbsp;&nbsp;&nbsp;&nbsp; 6782621 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 62238 | &nbsp;&nbsp;&nbsp;&nbsp; 4466199 |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 18286 | &nbsp;&nbsp;&nbsp;&nbsp; 8312267 |
| &nbsp;&nbsp;&nbsp; Datadog, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 5506 | &nbsp;&nbsp;&nbsp;&nbsp; 770730 |
| &nbsp;&nbsp;&nbsp; Dayforce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42753 | &nbsp;&nbsp;&nbsp;&nbsp; 2465566 |
| &nbsp;&nbsp;&nbsp; Docusign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 50347 | &nbsp;&nbsp;&nbsp;&nbsp; 3808247 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 31398 | &nbsp;&nbsp;&nbsp;&nbsp; 7857350 |
| &nbsp;&nbsp;&nbsp; Dropbox, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 116665 | &nbsp;&nbsp;&nbsp;&nbsp; 3169788 |
| &nbsp;&nbsp;&nbsp; Dynatrace, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 70963 | &nbsp;&nbsp;&nbsp;&nbsp; 3733363 |
| &nbsp;&nbsp;&nbsp; Elastic NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 3716 | &nbsp;&nbsp;&nbsp;&nbsp; 311029 |
| &nbsp;&nbsp;&nbsp; F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13304 | &nbsp;&nbsp;&nbsp;&nbsp; 4169740 |
| &nbsp;&nbsp;&nbsp; Fortinet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 61234 | &nbsp;&nbsp;&nbsp;&nbsp; 6117277 |
| &nbsp;&nbsp;&nbsp; Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9712 | &nbsp;&nbsp;&nbsp;&nbsp; 3288969 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 127597 | &nbsp;&nbsp;&nbsp;&nbsp; 3762836 |
| &nbsp;&nbsp;&nbsp; GoDaddy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 23822 | &nbsp;&nbsp;&nbsp;&nbsp; 3849159 |
| &nbsp;&nbsp;&nbsp; Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16024 | &nbsp;&nbsp;&nbsp;&nbsp; 3624949 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;&nbsp; 234295 | &nbsp;&nbsp;&nbsp;&nbsp; 4847564 |
| &nbsp;&nbsp;&nbsp; HubSpot, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7329 | &nbsp;&nbsp;&nbsp;&nbsp; 3808515 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 56670 | &nbsp;&nbsp;&nbsp;&nbsp; 14346010 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17433 | &nbsp;&nbsp;&nbsp;&nbsp; 13687171 |
| &nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 87699 | &nbsp;&nbsp;&nbsp;&nbsp; 3312391 |
| &nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22601 | &nbsp;&nbsp;&nbsp;&nbsp; 3608250 |
| &nbsp;&nbsp;&nbsp; Maplebear, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 77585 | &nbsp;&nbsp;&nbsp;&nbsp; 3721752 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 43973 | &nbsp;&nbsp;&nbsp;&nbsp; 34010477 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 63221 | &nbsp;&nbsp;&nbsp;&nbsp; 33728403 |
| &nbsp;&nbsp;&nbsp; MicroStrategy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 20168 | &nbsp;&nbsp;&nbsp;&nbsp; 8104712 |
| &nbsp;&nbsp;&nbsp; Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 54103 | &nbsp;&nbsp;&nbsp;&nbsp; 4066923 |
| &nbsp;&nbsp;&nbsp; Okta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38848 | &nbsp;&nbsp;&nbsp;&nbsp; 3799334 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 95475 | &nbsp;&nbsp;&nbsp;&nbsp; 24228691 |
| &nbsp;&nbsp;&nbsp; Palantir Technologies, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 129401 | &nbsp;&nbsp;&nbsp;&nbsp; 20490648 |
| &nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47684 | &nbsp;&nbsp;&nbsp;&nbsp; 8277942 |
| &nbsp;&nbsp;&nbsp; Paycom Software, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14758 | &nbsp;&nbsp;&nbsp;&nbsp; 3417067 |
| &nbsp;&nbsp;&nbsp; Pegasystems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 64961 | &nbsp;&nbsp;&nbsp;&nbsp; 3813860 |
| &nbsp;&nbsp;&nbsp; Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44162 | &nbsp;&nbsp;&nbsp;&nbsp; 3163324 |
| &nbsp;&nbsp;&nbsp; Reddit, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 31094 | &nbsp;&nbsp;&nbsp;&nbsp; 4993385 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10625 | &nbsp;&nbsp;&nbsp;&nbsp; 5848000 |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 57589 | &nbsp;&nbsp;&nbsp;&nbsp; 14876966 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Software & Computer Services — continued** | **Software & Computer Services — continued** | **Software & Computer Services — continued** |
| &nbsp;&nbsp;&nbsp; Samsara, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 75854 | &nbsp;&nbsp;&nbsp;&nbsp; 2884728 |
| &nbsp;&nbsp;&nbsp; ServiceNow, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13216 | &nbsp;&nbsp;&nbsp;&nbsp; 12464274 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 29876 | &nbsp;&nbsp;&nbsp;&nbsp; 6677286 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 48263 | &nbsp;&nbsp;&nbsp;&nbsp; 4125521 |
| &nbsp;&nbsp;&nbsp; Toast, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 94386 | &nbsp;&nbsp;&nbsp;&nbsp; 4609812 |
| &nbsp;&nbsp;&nbsp; Twilio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 33452 | &nbsp;&nbsp;&nbsp;&nbsp; 4315308 |
| &nbsp;&nbsp;&nbsp; Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7328 | &nbsp;&nbsp;&nbsp;&nbsp; 4283656 |
| &nbsp;&nbsp;&nbsp; UiPath, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 251851 | &nbsp;&nbsp;&nbsp;&nbsp; 2959249 |
| &nbsp;&nbsp;&nbsp; Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 142266 | &nbsp;&nbsp;&nbsp;&nbsp; 4745994 |
| &nbsp;&nbsp;&nbsp; VeriSign, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14669 | &nbsp;&nbsp;&nbsp;&nbsp; 3944054 |
| &nbsp;&nbsp;&nbsp; Workday, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 22940 | &nbsp;&nbsp;&nbsp;&nbsp; 5261977 |
| &nbsp;&nbsp;&nbsp; Zoom Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 52034 | &nbsp;&nbsp;&nbsp;&nbsp; 3853118 |
| &nbsp;&nbsp;&nbsp; Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14727 | &nbsp;&nbsp;&nbsp;&nbsp; 4205442 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 401627877 |
| **Technology Hardware & Equipment — 11.6%** | **Technology Hardware & Equipment — 11.6%** | **Technology Hardware & Equipment — 11.6%** |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 91897 | &nbsp;&nbsp;&nbsp;&nbsp; 9787950 |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34891 | &nbsp;&nbsp;&nbsp;&nbsp; 7837565 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 123237 | &nbsp;&nbsp;&nbsp;&nbsp; 25580304 |
| &nbsp;&nbsp;&nbsp; Astera Labs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40445 | &nbsp;&nbsp;&nbsp;&nbsp; 5530045 |
| &nbsp;&nbsp;&nbsp; Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53444 | &nbsp;&nbsp;&nbsp;&nbsp; 2829325 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 120744 | &nbsp;&nbsp;&nbsp;&nbsp; 35462513 |
| &nbsp;&nbsp;&nbsp; Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12611 | &nbsp;&nbsp;&nbsp;&nbsp; 1270054 |
| &nbsp;&nbsp;&nbsp; Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46410 | &nbsp;&nbsp;&nbsp;&nbsp; 4993716 |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 98814 | &nbsp;&nbsp;&nbsp;&nbsp; 6248997 |
| &nbsp;&nbsp;&nbsp; Flex Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 88237 | &nbsp;&nbsp;&nbsp;&nbsp; 4400379 |
| &nbsp;&nbsp;&nbsp; Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22231 | &nbsp;&nbsp;&nbsp;&nbsp; 4961292 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8522 | &nbsp;&nbsp;&nbsp;&nbsp; 7491094 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26398 | &nbsp;&nbsp;&nbsp;&nbsp; 3620222 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 211514 | &nbsp;&nbsp;&nbsp;&nbsp; 37621995 |
| &nbsp;&nbsp;&nbsp; Pure Storage, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 1973 | &nbsp;&nbsp;&nbsp;&nbsp; 117433 |
| &nbsp;&nbsp;&nbsp; Sandisk Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15651 | &nbsp;&nbsp;&nbsp;&nbsp; 671741 |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 25244 | &nbsp;&nbsp;&nbsp;&nbsp; 3644981 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 55563 | &nbsp;&nbsp;&nbsp;&nbsp; 10060237 |
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 45725 | &nbsp;&nbsp;&nbsp;&nbsp; 6657560 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62571 | &nbsp;&nbsp;&nbsp;&nbsp; 4923712 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 183711115 |
| **Telecommunications Equipment — 0.7%** | **Telecommunications Equipment — 0.7%** | **Telecommunications Equipment — 0.7%** |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38880 | &nbsp;&nbsp;&nbsp;&nbsp; 2646950 |
| &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14601 | &nbsp;&nbsp;&nbsp;&nbsp; 6409547 |
| &nbsp;&nbsp;&nbsp; Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5297 | &nbsp;&nbsp;&nbsp;&nbsp; 2306685 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11363182 |
| **Telecommunications Service Providers — 1.3%** | **Telecommunications Service Providers — 1.3%** | **Telecommunications Service Providers — 1.3%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 448168 | &nbsp;&nbsp;&nbsp;&nbsp; 12284285 |
| &nbsp;&nbsp;&nbsp; GCI Liberty, Inc. Escrow ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 3962 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35534 | &nbsp;&nbsp;&nbsp;&nbsp; 8471661 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20755946 |

---

------

**JPMorgan U.S. Momentum Factor ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE ($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Tobacco — 1.2%** | **Tobacco — 1.2%** | **Tobacco — 1.2%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53497 | &nbsp;&nbsp;&nbsp;&nbsp; 3313604 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 92618 | &nbsp;&nbsp;&nbsp;&nbsp; 15193983 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18507587 |
| **Travel & Leisure — 1.9%** | **Travel & Leisure — 1.9%** | **Travel & Leisure — 1.9%** |
| &nbsp;&nbsp;&nbsp; Aramark | &nbsp;&nbsp;&nbsp;&nbsp; 52359 | &nbsp;&nbsp;&nbsp;&nbsp; 2228399 |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2170 | &nbsp;&nbsp;&nbsp;&nbsp; 11943810 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23612 | &nbsp;&nbsp;&nbsp;&nbsp; 6329905 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 24116 | &nbsp;&nbsp;&nbsp;&nbsp; 7665753 |
| &nbsp;&nbsp;&nbsp; Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12535 | &nbsp;&nbsp;&nbsp;&nbsp; 2320605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 30488472 |
| **Waste & Disposal Services — 0.3%** | **Waste & Disposal Services — 0.3%** | **Waste & Disposal Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; Republic Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21964 | &nbsp;&nbsp;&nbsp;&nbsp; 5065997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,370,499,067)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1580025159 |
| **Short-Term Investments — 0.0% ^** | **Short-Term Investments — 0.0% ^** | **Short-Term Investments — 0.0% ^** |
| **Investment Companies — 0.0% ^** | **Investment Companies — 0.0% ^** | **Investment Companies — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.26% (a) (b)(Cost $556,456) | &nbsp;&nbsp;&nbsp;&nbsp; 556456 | &nbsp;&nbsp;&nbsp;&nbsp; 556456 |
| **Total Investments — 99.9%** <br>**(Cost $1,371,055,523)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1580581615** |
| **Other Assets in Excess of Liabilities — 0.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **902489** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1581484104** |

---

&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;

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (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 <br> Investment Management Inc.<br>|
| (b) | The rate shown is the current yield as of July 31, 2025. |

---

**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** |  |  |  |  |  |
| S&P 500 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 637150 | &nbsp;&nbsp;&nbsp;&nbsp; 33889 |

---

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

---

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

---

------

**JPMorgan U.S. Momentum Factor 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 NAVs are calculated.

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

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

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

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

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

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

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

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

------

**JPMorgan U.S. Momentum Factor 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 ("SOI"):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | &nbsp;&nbsp;&nbsp;&nbsp; $1580581615 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1580581615 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | &nbsp;&nbsp;&nbsp;&nbsp; $33889 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $33889 |

---

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

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 <br> Market Fund Agency SL Class Shares, <br> 4.37% (a) (b)<br>| $1591982 | $82125151 | $83717133 | $— | $— | $— |  | $112585 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class IM Shares, 4.26% (a) (b)<br>| 2150007 | 30021760 | 31615311 |  |  | 556456 | 556456 | 58373 |  |
| **Total** | $3741989 | $112146911 | $115332444 | $— | $— | $556456 |  | $170958 | $— |

---

&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.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

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

- **b. EDGAR series identifier (if any):** S000059313

- **c. LEI of Series:** 549300TB3RJ6CUB5CE17

**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:** $1581644637.56

**Total Liabilities:** $160533.45

**Net Assets:** $1581484104.11

**Cash Not Reported:** $12395.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194672 | 6.34%                | 5.72%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2283718.49              | $82999656.11                               |
| Month 2  | $37932765.28             | $46914864.47                               |
| Month 3  | $4716383.14              | $5493554.81                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                       | Title                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                           | CBRE Group, Inc., Class A                            | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     34634 | NS      | $5393899.16   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                        | Brown & Brown, Inc.                                  | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     39633 | NS      | $3621267.21   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.            | Intercontinental Exchange, Inc.                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     44976 | NS      | $8312914.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                         | Agree Realty Corp.                                   | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22956 | NS      | $1645945.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                               | Oracle Corp.                                         | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     95475 | NS      | $24228690.75  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                            | Eaton Corp. plc                                      | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     27110 | NS      | $10429759.20  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                    | Louisiana-Pacific Corp.                              | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     15750 | NS      | $1423957.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                             | Alphabet, Inc., Class A                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    161133 | NS      | $30921422.70  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                              | Walmart, Inc.                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    246004 | NS      | $24103471.92  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                            | CME Group, Inc.                                      | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     28888 | NS      | $8038952.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                            | Ingredion, Inc.                                      | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     19735 | NS      | $2595941.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.            | Interactive Brokers Group, Inc., Class A             | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     80517 | NS      | $5278694.52   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                        | Valero Energy Corp.                                  | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     27491 | NS      | $3774789.21   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                 | Crowdstrike Holdings, Inc., Class A                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     18286 | NS      | $8312267.02   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                           | OGE Energy Corp.                                     | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     24056 | NS      | $1092623.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                             | Amphenol Corp., Class A                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     91897 | NS      | $9787949.47   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                    | Robinhood Markets, Inc., Class A                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     77869 | NS      | $8024400.45   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings, Inc.                     | Kyndryl Holdings, Inc.                               | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     87699 | NS      | $3312391.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                               | NVIDIA Corp.                                         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    211514 | NS      | $37621995.18  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                           | Amazon.com, Inc.                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     40904 | NS      | $9576035.44   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                             | EPR Properties                                       | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     33540 | NS      | $1846041.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co. (The)                           | Timken Co. (The)                                     | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      2489 | NS      | $189388.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                                | Jabil, Inc.                                          | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     22231 | NS      | $4961292.27   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                 | Essex Property Trust, Inc.                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      4829 | NS      | $1256409.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti, Inc.                             | Ubiquiti, Inc.                                       | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5297 | NS      | $2306684.59   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.            | Hilton Worldwide Holdings, Inc.                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     23612 | NS      | $6329904.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity, Inc.                             | Doximity, Inc., Class A                              | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47096 | NS      | $2766890.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                  | KLA Corp.                                            | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      8522 | NS      | $7491093.66   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                       | Curtiss-Wright Corp.                                 | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      8178 | NS      | $4009019.16   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.    | Mid-America Apartment Communities, Inc.              | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     10099 | NS      | $1438400.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital, Inc.                          | Gen Digital, Inc.                                    | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    127597 | NS      | $3762835.53   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                             | TechnipFMC plc                                       | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    107248 | NS      | $3900609.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                            | Eli Lilly & Co.                                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     25736 | NS      | $19046441.52  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                              | Stryker Corp.                                        | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     24222 | NS      | $9512706.06   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                 | Elastic NV                                           | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Long             | EC               | CORP              | NL        |      3716 | NS      | $311029.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace, Inc.                     | Howmet Aerospace, Inc.                               | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     37264 | NS      | $6698949.28   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                    | Boston Scientific Corp.                              | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    102830 | NS      | $10788923.60  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                               | Intuit, Inc.                                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     17433 | NS      | $13687171.29  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.      | International Business Machines Corp.                | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     56670 | NS      | $14346010.50  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                | Phillips 66                                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     38826 | NS      | $4798117.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                            | Snowflake, Inc., Class A                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     29876 | NS      | $6677286.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                           | GE Vernova, Inc.                                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     19724 | NS      | $13023559.96  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                    | Republic Services, Inc.                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     21964 | NS      | $5065996.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                | Apple, Inc.                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    123237 | NS      | $25580304.09  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.            | Automatic Data Processing, Inc.                      | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     13107 | NS      | $4056616.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                             | DoorDash, Inc., Class A                              | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     31398 | NS      | $7857349.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                               | Fiserv, Inc.                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     40646 | NS      | $5647355.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp.                   | Texas Pacific Land Corp.                             | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2966 | NS      | $2871473.58   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                     | Stifel Financial Corp.                               | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     14720 | NS      | $1679846.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox, Inc.                              | Dropbox, Inc., Class A                               | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    116665 | NS      | $3169788.05   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                           | Fair Isaac Corp.                                     | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      2618 | NS      | $3761332.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                              | Gartner, Inc.                                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      9712 | NS      | $3288968.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                      | Cheniere Energy, Inc.                                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     16118 | NS      | $3801913.84   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                              | Veralto Corp.                                        | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     13218 | NS      | $1385642.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                       | American Express Co.                                 | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     37478 | NS      | $11217540.18  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                    | Uber Technologies, Inc.                              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    127681 | NS      | $11204007.75  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                      | Spotify Technology SA                                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      3510 | NS      | $2199155.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                           | Kroger Co. (The)                                     | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     65953 | NS      | $4623305.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                       | Allstate Corp. (The)                                 | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     27474 | NS      | $5584090.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                 | Digital Realty Trust, Inc.                           | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      2906 | NS      | $512734.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                      | MGIC Investment Corp.                                | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     58706 | NS      | $1520485.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                 | AT&T, Inc.                                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    448168 | NS      | $12284284.88  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings, Inc.                   | Equitable Holdings, Inc.                             | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     73117 | NS      | $3754557.95   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler, Inc.                              | Zscaler, Inc.                                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     14727 | NS      | $4205442.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software, Inc.                       | Unity Software, Inc.                                 | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    142266 | NS      | $4745993.76   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair plc                                | Pentair plc                                          | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | IE        |      9695 | NS      | $990829.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                         | Atmos Energy Corp.                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      6106 | NS      | $952047.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | S&P 500 E-Mini Index                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $33889.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education, Inc.               | Grand Canyon Education, Inc.                         | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     13269 | NS      | $2237551.47   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                 | Simon Property Group, Inc.                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     33762 | NS      | $5529877.98   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.             | Hewlett Packard Enterprise Co.                       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    234295 | NS      | $4847563.55   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                       | Steel Dynamics, Inc.                                 | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     26634 | NS      | $3397433.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.           | Omega Healthcare Investors, Inc.                     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     45212 | NS      | $1758746.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp.                     | US Foods Holding Corp.                               | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     51033 | NS      | $4252579.89   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark                                              | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     52359 | NS      | $2228399.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd.                      | Roivant Sciences Ltd.                                | CUSIP: N/A<br>LEI: 549300DL466NY5J6U724       | Long             | EC               | CORP              | BM        |    113377 | NS      | $1287962.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                          | Pegasystems, Inc.                                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     64961 | NS      | $3813860.31   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                           | Globe Life, Inc.                                     | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     16518 | NS      | $2320283.46   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)       | Hartford Insurance Group, Inc. (The)                 | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     37888 | NS      | $4712888.32   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                    | Progressive Corp. (The)                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     40062 | NS      | $9696606.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                     | Home Depot, Inc. (The)                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     53339 | NS      | $19602615.89  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle, Inc.                   | Jones Lang LaSalle, Inc.                             | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      7022 | NS      | $1898467.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                             | Exelixis, Inc.                                       | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     85334 | NS      | $3090797.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial, Inc.                 | Corebridge Financial, Inc.                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      1224 | NS      | $43525.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                             | Coherent Corp.                                       | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     46410 | NS      | $4993716.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear, Inc.                            | Maplebear, Inc.                                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77585 | NS      | $3721752.45   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                     | Trane Technologies plc                               | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     18123 | NS      | $7939323.84   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                  | Williams Cos., Inc. (The)                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    110364 | NS      | $6616321.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign, Inc.                             | VeriSign, Inc.                                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     14669 | NS      | $3944054.03   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.           | Old Republic International Corp.                     | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     91445 | NS      | $3307565.65   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp.                 | Cincinnati Financial Corp.                           | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     12858 | NS      | $1896683.58   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty, Inc. Escrow                   | GCI Liberty, Inc. Escrow, Class A                    | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3962 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WW Grainger, Inc.                          | WW Grainger, Inc.                                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      4697 | NS      | $4882719.38   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                               | Genpact Ltd.                                         | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     43106 | NS      | $1898819.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity, Inc.                               | Acuity, Inc.                                         | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2869 | NS      | $893263.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                                | Carvana Co.                                          | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     16469 | NS      | $6425709.73   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp.                      | Pilgrim's Pride Corp.                                | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     29694 | NS      | $1407198.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                         | Altria Group, Inc.                                   | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     53497 | NS      | $3313604.18   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                        | Vertiv Holdings Co., Class A                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     45725 | NS      | $6657560.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International, Inc.                 | Lennox International, Inc.                           | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      6228 | NS      | $3792852.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp.                               | ROBLOX Corp., Class A                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58747 | NS      | $8094749.13   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                             | Autodesk, Inc.                                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     20807 | NS      | $6306809.77   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group, Inc.                      | TransDigm Group, Inc.                                | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4552 | NS      | $7321709.92   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.            | Universal Health Services, Inc., Class B             | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     16340 | NS      | $2719793.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd.               | Royal Caribbean Cruises Ltd.                         | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     24116 | NS      | $7665752.92   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                               | Ventas, Inc.                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     62644 | NS      | $4208423.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                 | Axis Capital Holdings Ltd.                           | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |     32815 | NS      | $3079359.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                               | Natera, Inc.                                         | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24513 | NS      | $3276407.58   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                         | Southern Co. (The)                                   | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     31444 | NS      | $2970829.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja, Inc.                           | SharkNinja, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     38720 | NS      | $4495392.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                      | Axon Enterprise, Inc.                                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      7532 | NS      | $5690350.68   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                         | Ryder System, Inc.                                   | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     20844 | NS      | $3704187.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                      | Williams-Sonoma, Inc.                                | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      7664 | NS      | $1433551.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp.                                | HEICO Corp.                                          | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     11895 | NS      | $3887286.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One     | Liberty Media Corp-Liberty Formula One, Class C      | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36132 | NS      | $3625846.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings, Inc.                  | ExlService Holdings, Inc.                            | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     35911 | NS      | $1559614.73   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp.                              | Sandisk Corp.                                        | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15651 | NS      | $671740.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp.                            | TD SYNNEX Corp.                                      | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     25244 | NS      | $3644981.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                     | Encompass Health Corp.                               | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     29740 | NS      | $3274671.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                               | Nasdaq, Inc.                                         | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     55333 | NS      | $5324141.26   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                             | AutoZone, Inc.                                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1594 | NS      | $6006797.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins, Inc.                              | Rollins, Inc.                                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     43800 | NS      | $2508426.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                      | Spotify Technology SA                                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      8304 | NS      | $5202788.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                             | Broadcom, Inc.                                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    120744 | NS      | $35462512.80  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                             | McKesson Corp.                                       | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     10320 | NS      | $7157332.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                              | Datadog, Inc., Class A                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      5506 | NS      | $770729.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace, Inc.                            | Dynatrace, Inc.                                      | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     70963 | NS      | $3733363.43   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                            | Gap, Inc. (The)                                      | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    115143 | NS      | $2240682.78   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                   | Roper Technologies, Inc.                             | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     10625 | NS      | $5848000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                | Amdocs Ltd.                                          | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     13641 | NS      | $1164395.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                        | Abbott Laboratories                                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     75772 | NS      | $9561668.68   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                    | International Paper Co.                              | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     52934 | NS      | $2474135.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                       | Meta Platforms, Inc., Class A                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     43973 | NS      | $34010477.12  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                  | MDU Resources Group, Inc.                            | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66043 | NS      | $1139241.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                     | Costco Wholesale Corp.                               | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     24889 | NS      | $23386699.96  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                     | BWX Technologies, Inc.                               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     25648 | NS      | $3896700.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                              | HubSpot, Inc.                                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      7329 | NS      | $3808514.85   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.          | Philip Morris International, Inc.                    | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     92618 | NS      | $15193982.90  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta, Inc.                                 | Okta, Inc.                                           | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     38848 | NS      | $3799334.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.              | Alnylam Pharmaceuticals, Inc.                        | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     15945 | NS      | $6254266.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies, Inc.                | Palantir Technologies, Inc., Class A                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    129401 | NS      | $20490648.35  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies, Inc.                 | Procore Technologies, Inc.                           | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     44162 | NS      | $3163324.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy, Inc.                              | GoDaddy, Inc., Class A                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     23822 | NS      | $3849158.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                             | Fortinet, Inc.                                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     61234 | NS      | $6117276.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                   | Motorola Solutions, Inc.                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     14601 | NS      | $6409546.98   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce, Inc.                             | Dayforce, Inc.                                       | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     42753 | NS      | $2465565.51   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                      | Cardinal Health, Inc.                                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     30589 | NS      | $4748024.58   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                              | Netflix, Inc.                                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     23343 | NS      | $27063874.20  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co.                   | Arthur J Gallagher & Co.                             | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     22009 | NS      | $6322085.25   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                     | Tenet Healthcare Corp.                               | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     21877 | NS      | $3528322.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WR Berkley Corp.                           | WR Berkley Corp.                                     | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     35693 | NS      | $2456035.33   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                        | Cisco Systems, Inc.                                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     38880 | NS      | $2646950.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp.                     | Antero Midstream Corp.                               | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180370 | NS      | $3309789.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands, Inc.                      | BellRing Brands, Inc.                                | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     29536 | NS      | $1612074.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                              | Corning, Inc.                                        | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     98814 | NS      | $6248997.36   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated, Inc.               | Coca-Cola Consolidated, Inc.                         | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     11180 | NS      | $1249365.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.               | Casey's General Stores, Inc.                         | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      7042 | NS      | $3662755.46   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.       | Cognizant Technology Solutions Corp., Class A        | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     62238 | NS      | $4466198.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource, Inc.                             | NiSource, Inc.                                       | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     96639 | NS      | $4102325.55   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                   | Berkshire Hathaway, Inc., Class B                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     59424 | NS      | $28040997.12  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                          | T-Mobile US, Inc.                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     35534 | NS      | $8471660.94   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                      | Quanta Services, Inc.                                | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     15669 | NS      | $6363650.97   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore, Inc.                             | Evercore, Inc., Class A                              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     13039 | NS      | $3926564.46   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.               | Vertex Pharmaceuticals, Inc.                         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     16812 | NS      | $7680898.44   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                        | Post Holdings, Inc.                                  | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     23644 | NS      | $2501771.64   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                            | Primerica, Inc.                                      | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |       396 | NS      | $105189.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                          | Lowe's Cos., Inc.                                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     19295 | NS      | $4313783.15   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                       | Analog Devices, Inc.                                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     34891 | NS      | $7837565.33   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath, Inc.                               | UiPath, Inc., Class A                                | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    251851 | NS      | $2959249.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                      | Colgate-Palmolive Co.                                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     54558 | NS      | $4574688.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara, Inc.                              | Samsara, Inc., Class A                               | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75854 | NS      | $2884727.62   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG, Inc.                                  | TPG, Inc.                                            | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     50652 | NS      | $2890709.64   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, Inc.                                   | F5, Inc.                                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     13304 | NS      | $4169739.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp.                            | Atlassian Corp., Class A                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     23184 | NS      | $4446227.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio, Inc.                               | Twilio, Inc., Class A                                | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     33452 | NS      | $4315308.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp.                              | Insulet Corp.                                        | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     13286 | NS      | $3831682.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International, Inc.                    | RPM International, Inc.                              | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     14089 | NS      | $1654189.49   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey, Inc.                       | Houlihan Lokey, Inc.                                 | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      8831 | NS      | $1683718.46   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                  | Flex Ltd.                                            | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |     88237 | NS      | $4400379.19   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main, Inc.                          | Core & Main, Inc., Class A                           | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62771 | NS      | $3994746.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp.                      | Southern Copper Corp.                                | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     27755 | NS      | $2613410.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy, Inc.                         | Viper Energy, Inc.                                   | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     27814 | NS      | $1047475.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                         | Pure Storage, Inc., Class A                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      1973 | NS      | $117432.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International, Inc.             | Somnigroup International, Inc.                       | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     57125 | NS      | $4134707.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance, Inc.                             | Reliance, Inc.                                       | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      3372 | NS      | $978318.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                               | Vistra Corp.                                         | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     26891 | NS      | $5607849.14   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                     | Verisk Analytics, Inc., Class A                      | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      5041 | NS      | $1404977.11   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo, Inc.                             | Duolingo, Inc.                                       | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8110 | NS      | $2810520.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                               | Ameren Corp.                                         | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     42288 | NS      | $4276585.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                   | Guidewire Software, Inc.                             | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     16024 | NS      | $3624949.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                        | Coca-Cola Co. (The)                                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     17097 | NS      | $1160715.33   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                          | Caterpillar, Inc.                                    | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     29320 | NS      | $12842746.40  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings, Inc.  | MACOM Technology Solutions Holdings, Inc.            | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26398 | NS      | $3620221.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings, Inc.           | SS&C Technologies Holdings, Inc.                     | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     48263 | NS      | $4125521.24   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                       | TJX Cos., Inc. (The)                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     77397 | NS      | $9638248.41   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                            | Welltower, Inc.                                      | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     52017 | NS      | $8586446.19   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                             | AppLovin Corp., Class A                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     20008 | NS      | $7817125.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO, Inc.                                  | XPO, Inc.                                            | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     26556 | NS      | $3194421.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.              | Penske Automotive Group, Inc.                        | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     10989 | NS      | $1839668.49   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                           | ServiceNow, Inc.                                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     13216 | NS      | $12464273.92  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                 | Ameriprise Financial, Inc.                           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     10528 | NS      | $5455504.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports, Inc.                          | Amer Sports, Inc.                                    | CUSIP: N/A<br>LEI: 391200YCSWTRD1J21867       | Long             | EC               | CORP              | KY        |     58325 | NS      | $2189520.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                 | Procter & Gamble Co. (The)                           | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     18017 | NS      | $2711017.99   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings, Inc.              | Ryan Specialty Holdings, Inc.                        | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10588 | NS      | $647879.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                              | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      9533 | NS      | $4170496.84   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)            | Goldman Sachs Group, Inc. (The)                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     19364 | NS      | $14011596.76  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                           | AutoNation, Inc.                                     | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16349 | NS      | $3149471.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                           | Rocket Lab Corp.                                     | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137711 | NS      | $6323689.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                            | Microsoft Corp.                                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     63221 | NS      | $33728403.50  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.                    | Quest Diagnostics, Inc.                              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     20768 | NS      | $3476770.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.           | Armstrong World Industries, Inc.                     | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      6559 | NS      | $1234207.03   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                | Avnet, Inc.                                          | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     53444 | NS      | $2829325.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                               | Evergy, Inc.                                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     51361 | NS      | $3636358.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix, Inc.                              | Nutanix, Inc., Class A                               | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     54103 | NS      | $4066922.51   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)        | Bank of New York Mellon Corp. (The)                  | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     69048 | NS      | $7004919.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                     | 3M Co.                                               | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     47713 | NS      | $7119733.86   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                             | Tapestry, Inc.                                       | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     48199 | NS      | $5206937.97   | 0.33%             |  |  |  | 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        |    556456 | NS      | $556456.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                  | RTX Corp.                                            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     81440 | NS      | $12832500.80  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                       | HCA Healthcare, Inc.                                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      7983 | NS      | $2825902.17   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                 | Unum Group                                           | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     46888 | NS      | $3367027.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                               | Ecolab, Inc.                                         | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     23668 | NS      | $6195335.68   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                   | Intuitive Surgical, Inc.                             | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     23445 | NS      | $11279155.05  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                               | AbbVie, Inc.                                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     88253 | NS      | $16681582.06  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                     | WEC Energy Group, Inc.                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      7164 | NS      | $781449.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                   | Marathon Petroleum Corp.                             | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     33419 | NS      | $5687579.61   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                      | Western Digital Corp.                                | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     62571 | NS      | $4923711.99   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                     | Booking Holdings, Inc.                               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2170 | NS      | $11943810.20  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets, Inc.                     | Tradeweb Markets, Inc., Class A                      | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17634 | NS      | $2443190.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.        | Allison Transmission Holdings, Inc.                  | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     31638 | NS      | $2849634.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs, Inc.                          | Astera Labs, Inc.                                    | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40445 | NS      | $5530044.85   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                   | Tyler Technologies, Inc.                             | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      7328 | NS      | $4283655.68   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                               | Copart, Inc.                                         | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     93750 | NS      | $4249687.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                      | Gilead Sciences, Inc.                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     88689 | NS      | $9958887.81   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications, Inc.                  | Zoom Communications, Inc., Class A                   | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     52034 | NS      | $3853117.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign, Inc.                             | Docusign, Inc.                                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     50347 | NS      | $3808247.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy, Inc.                        | MicroStrategy, Inc., Class A                         | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     20168 | NS      | $8104712.48   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp.                 | Carpenter Technology Corp.                           | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     14421 | NS      | $3596453.19   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                  | O'Reilly Automotive, Inc.                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     75459 | NS      | $7419128.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                      | Parker-Hannifin Corp.                                | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     10893 | NS      | $7972586.70   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                               | GE Aerospace                                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     64465 | NS      | $17475172.20  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                         | Cirrus Logic, Inc.                                   | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     12611 | NS      | $1270053.81   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                        | Kinder Morgan, Inc.                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    204934 | NS      | $5750448.04   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                      | Paycom Software, Inc.                                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     14758 | NS      | $3417067.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                | Aflac, Inc.                                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     51614 | NS      | $5128367.04   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse, Inc.                      | Texas Roadhouse, Inc.                                | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     12535 | NS      | $2320604.55   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                      | Leidos Holdings, Inc.                                | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     22601 | NS      | $3608249.65   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                         | DT Midstream, Inc.                                   | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33234 | NS      | $3414128.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                      | Targa Resources Corp.                                | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     23668 | NS      | $3938591.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                              | Entergy Corp.                                        | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     56502 | NS      | $5109475.86   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                           | NRG Energy, Inc.                                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     29498 | NS      | $4932065.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                | Toast, Inc., Class A                                 | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     94386 | NS      | $4609812.24   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                              | Cencora, Inc.                                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     18765 | NS      | $5368291.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                               | Reddit, Inc., Class A                                | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31094 | NS      | $4993385.46   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                          | EMCOR Group, Inc.                                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      8445 | NS      | $5299153.05   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                    | Texas Instruments, Inc.                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     55563 | NS      | $10060236.78  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                        | Iron Mountain, Inc.                                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     40344 | NS      | $3927891.84   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                           | Salesforce, Inc.                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     57589 | NS      | $14876966.37  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                  | SLM Corp.                                            | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106360 | NS      | $3382248.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                              | Workday, Inc., Class A                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     22940 | NS      | $5261977.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                      | National Fuel Gas Co.                                | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     30463 | NS      | $2643883.77   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                            | H&R Block, Inc.                                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     25604 | NS      | $1391321.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.            | Jefferies Financial Group, Inc.                      | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     23535 | NS      | $1357028.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                           | Cloudflare, Inc., Class A                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     32659 | NS      | $6782621.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard, Inc.                               | Lazard, Inc.                                         | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |       634 | NS      | $32955.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                   | Palo Alto Networks, Inc.                             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     47684 | NS      | $8277942.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                               | Cintas Corp.                                         | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30452 | NS      | $6777092.60   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial, Inc.                      | Virtu Financial, Inc., Class A                       | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     74693 | NS      | $3296949.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                  | Linde plc                                            | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |      7197 | NS      | $3312491.22   | 0.21%             |  |  |  | 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