# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-007414
**Filing Date:** 2026-3
**Character Count:** 209970
**Document Hash:** 386508ee5b05d0245d105338d2ebe222
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007414.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007414

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 26805551

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

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

## Series and Classes Contracts Data

### JPMorgan International Value ETF (Series ID: S000081238)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000243910 | JPMorgan International Value ETF | JIVE            |

## Nport-Ex

**JPMorgan International Value ETF**

**Schedule of Portfolio Investments as of January 31, 2026**

**(Unaudited)** 

---

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

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 98.2%** | **Common Stocks — 98.2%** | **Common Stocks — 98.2%** |
| **Australia — 2.4%** | **Australia — 2.4%** | **Australia — 2.4%** |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 417504 | &nbsp;&nbsp;&nbsp;&nbsp; 14379825 |
| &nbsp;&nbsp;&nbsp; Perseus Mining Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 635444 | &nbsp;&nbsp;&nbsp;&nbsp; 2447409 |
| &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 248163 | &nbsp;&nbsp;&nbsp;&nbsp; 3401266 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp; 138104 | &nbsp;&nbsp;&nbsp;&nbsp; 12599827 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 32828327 |
| **Austria — 1.4%** | **Austria — 1.4%** | **Austria — 1.4%** |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 12953 | &nbsp;&nbsp;&nbsp;&nbsp; 2107142 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 38981 | &nbsp;&nbsp;&nbsp;&nbsp; 5067879 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp;&nbsp;&nbsp; 47385 | &nbsp;&nbsp;&nbsp;&nbsp; 2815037 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp; 51596 | &nbsp;&nbsp;&nbsp;&nbsp; 2600722 |
| &nbsp;&nbsp;&nbsp; Strabag SE | &nbsp;&nbsp;&nbsp;&nbsp; 8233 | &nbsp;&nbsp;&nbsp;&nbsp; 853911 |
| &nbsp;&nbsp;&nbsp; Telekom Austria AG | &nbsp;&nbsp;&nbsp;&nbsp; 193812 | &nbsp;&nbsp;&nbsp;&nbsp; 2060724 |
| &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG Wiener Versicherung Gruppe | &nbsp;&nbsp;&nbsp;&nbsp; 45539 | &nbsp;&nbsp;&nbsp;&nbsp; 3579549 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19084964 |
| **Belgium — 0.9%** | **Belgium — 0.9%** | **Belgium — 0.9%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp; 41203 | &nbsp;&nbsp;&nbsp;&nbsp; 2926667 |
| &nbsp;&nbsp;&nbsp; Deme Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 9564 | &nbsp;&nbsp;&nbsp;&nbsp; 1906487 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 31674 | &nbsp;&nbsp;&nbsp;&nbsp; 4463362 |
| &nbsp;&nbsp;&nbsp; Umicore SA | &nbsp;&nbsp;&nbsp;&nbsp; 114509 | &nbsp;&nbsp;&nbsp;&nbsp; 2722143 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12018659 |
| **Brazil — 1.6%** | **Brazil — 1.6%** | **Brazil — 1.6%** |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 1135366 | &nbsp;&nbsp;&nbsp;&nbsp; 2474495 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp; 659888 | &nbsp;&nbsp;&nbsp;&nbsp; 1879573 |
| &nbsp;&nbsp;&nbsp; Marcopolo SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 1382261 | &nbsp;&nbsp;&nbsp;&nbsp; 1694092 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 987914 | &nbsp;&nbsp;&nbsp;&nbsp; 7071345 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp; 504261 | &nbsp;&nbsp;&nbsp;&nbsp; 2342726 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp;&nbsp;&nbsp; 411960 | &nbsp;&nbsp;&nbsp;&nbsp; 6584784 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22047015 |
| **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** |
| &nbsp;&nbsp;&nbsp; IAMGOLD Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 132992 | &nbsp;&nbsp;&nbsp;&nbsp; 2413419 |
| **Canada — 4.3%** | **Canada — 4.3%** | **Canada — 4.3%** |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) | &nbsp;&nbsp;&nbsp;&nbsp; 117175 | &nbsp;&nbsp;&nbsp;&nbsp; 8760265 |
| &nbsp;&nbsp;&nbsp; Barrick Mining Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 73657 | &nbsp;&nbsp;&nbsp;&nbsp; 3366806 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce | &nbsp;&nbsp;&nbsp;&nbsp; 84655 | &nbsp;&nbsp;&nbsp;&nbsp; 7823586 |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 203590 | &nbsp;&nbsp;&nbsp;&nbsp; 7570052 |
| &nbsp;&nbsp;&nbsp; Cogeco Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39452 | &nbsp;&nbsp;&nbsp;&nbsp; 1901542 |
| &nbsp;&nbsp;&nbsp; DPM Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 75789 | &nbsp;&nbsp;&nbsp;&nbsp; 2644391 |
| &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1826 | &nbsp;&nbsp;&nbsp;&nbsp; 3013447 |
| &nbsp;&nbsp;&nbsp; First Capital REIT | &nbsp;&nbsp;&nbsp;&nbsp; 99667 | &nbsp;&nbsp;&nbsp;&nbsp; 1448544 |
| &nbsp;&nbsp;&nbsp; Linamar Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30269 | &nbsp;&nbsp;&nbsp;&nbsp; 1918863 |
| &nbsp;&nbsp;&nbsp; Manulife Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 175881 | &nbsp;&nbsp;&nbsp;&nbsp; 6699921 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp; 25259 | &nbsp;&nbsp;&nbsp;&nbsp; 4205721 |
| &nbsp;&nbsp;&nbsp; Russel Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65828 | &nbsp;&nbsp;&nbsp;&nbsp; 2332612 |
| &nbsp;&nbsp;&nbsp; Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 128649 | &nbsp;&nbsp;&nbsp;&nbsp; 6799742 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58485492 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 61270263 | &nbsp;&nbsp;&nbsp;&nbsp; 1987815 |
| **China — 8.0%** | **China — 8.0%** | **China — 8.0%** |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 4396000 | &nbsp;&nbsp;&nbsp;&nbsp; 3073318 |
| &nbsp;&nbsp;&nbsp; BOC Aviation Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 2071931 |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 599500 | &nbsp;&nbsp;&nbsp;&nbsp; 3156962 |
| &nbsp;&nbsp;&nbsp; Brilliance China Automotive Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3688000 | &nbsp;&nbsp;&nbsp;&nbsp; 1906857 |
| &nbsp;&nbsp;&nbsp; China Coal Energy Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1901000 | &nbsp;&nbsp;&nbsp;&nbsp; 2782251 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3698000 | &nbsp;&nbsp;&nbsp;&nbsp; 2245851 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 5297000 | &nbsp;&nbsp;&nbsp;&nbsp; 5348542 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2858000 | &nbsp;&nbsp;&nbsp;&nbsp; 1419661 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1084500 | &nbsp;&nbsp;&nbsp;&nbsp; 4960147 |
| &nbsp;&nbsp;&nbsp; China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1127000 | &nbsp;&nbsp;&nbsp;&nbsp; 5015420 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 419000 | &nbsp;&nbsp;&nbsp;&nbsp; 2559921 |
| &nbsp;&nbsp;&nbsp; China Oilfield Services Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2042000 | &nbsp;&nbsp;&nbsp;&nbsp; 2244237 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 929200 | &nbsp;&nbsp;&nbsp;&nbsp; 4680229 |
| &nbsp;&nbsp;&nbsp; Eastern Air Logistics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 782500 | &nbsp;&nbsp;&nbsp;&nbsp; 2089303 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1228000 | &nbsp;&nbsp;&nbsp;&nbsp; 2527831 |
| &nbsp;&nbsp;&nbsp; GF Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp;&nbsp;&nbsp; 1738501 |
| &nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1084500 | &nbsp;&nbsp;&nbsp;&nbsp; 1839406 |
| &nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 401400 | &nbsp;&nbsp;&nbsp;&nbsp; 2232633 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 705400 | &nbsp;&nbsp;&nbsp;&nbsp; 2325506 |
| &nbsp;&nbsp;&nbsp; Haitian International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 646000 | &nbsp;&nbsp;&nbsp;&nbsp; 1998392 |
| &nbsp;&nbsp;&nbsp; Hello Group, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 195960 | &nbsp;&nbsp;&nbsp;&nbsp; 1336447 |
| &nbsp;&nbsp;&nbsp; Hisense Home Appliances Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp; 1733364 |
| &nbsp;&nbsp;&nbsp; Huaneng Power International, Inc., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2484000 | &nbsp;&nbsp;&nbsp;&nbsp; 1811094 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 802600 | &nbsp;&nbsp;&nbsp;&nbsp; 2217424 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3958000 | &nbsp;&nbsp;&nbsp;&nbsp; 3283149 |
| &nbsp;&nbsp;&nbsp; JOYY, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 29329 | &nbsp;&nbsp;&nbsp;&nbsp; 1887321 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2460000 | &nbsp;&nbsp;&nbsp;&nbsp; 2520474 |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1818000 | &nbsp;&nbsp;&nbsp;&nbsp; 2048365 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 557800 | &nbsp;&nbsp;&nbsp;&nbsp; 2099220 |
| &nbsp;&nbsp;&nbsp; New China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 284800 | &nbsp;&nbsp;&nbsp;&nbsp; 2315832 |
| &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China Ltd. (The), Class H | &nbsp;&nbsp;&nbsp;&nbsp; 4359000 | &nbsp;&nbsp;&nbsp;&nbsp; 3790286 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp; 4514247 |
| &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1240000 | &nbsp;&nbsp;&nbsp;&nbsp; 2567045 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 630500 | &nbsp;&nbsp;&nbsp;&nbsp; 5848109 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 791500 | &nbsp;&nbsp;&nbsp;&nbsp; 3634710 |
| &nbsp;&nbsp;&nbsp; Vipshop Holdings Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 162761 | &nbsp;&nbsp;&nbsp;&nbsp; 2784841 |
| &nbsp;&nbsp;&nbsp; Weichai Power Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1092000 | &nbsp;&nbsp;&nbsp;&nbsp; 3701477 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1232000 | &nbsp;&nbsp;&nbsp;&nbsp; 3235618 |
| &nbsp;&nbsp;&nbsp; Yunnan Yuntianhua Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 414700 | &nbsp;&nbsp;&nbsp;&nbsp; 2275386 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 109821308 |
| **Colombia — 0.2%** | **Colombia — 0.2%** | **Colombia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Grupo Cibest SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 145756 | &nbsp;&nbsp;&nbsp;&nbsp; 2964884 |
| **Denmark — 1.1%** | **Denmark — 1.1%** | **Denmark — 1.1%** |
| &nbsp;&nbsp;&nbsp; AL Sydbank | &nbsp;&nbsp;&nbsp;&nbsp; 20606 | &nbsp;&nbsp;&nbsp;&nbsp; 1866171 |
| &nbsp;&nbsp;&nbsp; Cementir Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 116180 | &nbsp;&nbsp;&nbsp;&nbsp; 2612302 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Denmark — continued** | **Denmark — continued** | **Denmark — continued** |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 89452 | &nbsp;&nbsp;&nbsp;&nbsp; 4557403 |
| &nbsp;&nbsp;&nbsp; H Lundbeck A/S | &nbsp;&nbsp;&nbsp;&nbsp; 466726 | &nbsp;&nbsp;&nbsp;&nbsp; 3129096 |
| &nbsp;&nbsp;&nbsp; ISS A/S | &nbsp;&nbsp;&nbsp;&nbsp; 67686 | &nbsp;&nbsp;&nbsp;&nbsp; 2566971 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14731943 |
| **Finland — 0.5%** | **Finland — 0.5%** | **Finland — 0.5%** |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp;&nbsp; 326787 | &nbsp;&nbsp;&nbsp;&nbsp; 6313659 |
| **France — 5.2%** | **France — 5.2%** | **France — 5.2%** |
| &nbsp;&nbsp;&nbsp; Alten SA | &nbsp;&nbsp;&nbsp;&nbsp; 4889 | &nbsp;&nbsp;&nbsp;&nbsp; 479274 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp;&nbsp; 157912 | &nbsp;&nbsp;&nbsp;&nbsp; 7200652 |
| &nbsp;&nbsp;&nbsp; Ayvens SA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 150751 | &nbsp;&nbsp;&nbsp;&nbsp; 2185562 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 89474 | &nbsp;&nbsp;&nbsp;&nbsp; 9675052 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp; 22010 | &nbsp;&nbsp;&nbsp;&nbsp; 3419875 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp; 124497 | &nbsp;&nbsp;&nbsp;&nbsp; 4623276 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp;&nbsp;&nbsp; 159670 | &nbsp;&nbsp;&nbsp;&nbsp; 3457882 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp; 21223 | &nbsp;&nbsp;&nbsp;&nbsp; 3147527 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 210458 | &nbsp;&nbsp;&nbsp;&nbsp; 6283527 |
| &nbsp;&nbsp;&nbsp; Forvia SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 131039 | &nbsp;&nbsp;&nbsp;&nbsp; 2139530 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp;&nbsp;&nbsp; 235731 | &nbsp;&nbsp;&nbsp;&nbsp; 4382249 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 57132 | &nbsp;&nbsp;&nbsp;&nbsp; 5006449 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp; 168023 | &nbsp;&nbsp;&nbsp;&nbsp; 12220105 |
| &nbsp;&nbsp;&nbsp; Valeo SE | &nbsp;&nbsp;&nbsp;&nbsp; 136937 | &nbsp;&nbsp;&nbsp;&nbsp; 1912517 |
| &nbsp;&nbsp;&nbsp; Vallourec SACA | &nbsp;&nbsp;&nbsp;&nbsp; 87653 | &nbsp;&nbsp;&nbsp;&nbsp; 1860248 |
| &nbsp;&nbsp;&nbsp; Vicat SACA | &nbsp;&nbsp;&nbsp;&nbsp; 34444 | &nbsp;&nbsp;&nbsp;&nbsp; 3191597 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 71185322 |
| **Georgia — 0.2%** | **Georgia — 0.2%** | **Georgia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Lion Finance Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 16473 | &nbsp;&nbsp;&nbsp;&nbsp; 2275899 |
| **Germany — 4.6%** | **Germany — 4.6%** | **Germany — 4.6%** |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 31327 | &nbsp;&nbsp;&nbsp;&nbsp; 13793973 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 117487 | &nbsp;&nbsp;&nbsp;&nbsp; 6214085 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG (b) | &nbsp;&nbsp;&nbsp;&nbsp; 39907 | &nbsp;&nbsp;&nbsp;&nbsp; 4109637 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp;&nbsp;&nbsp; 48967 | &nbsp;&nbsp;&nbsp;&nbsp; 3853179 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 153262 | &nbsp;&nbsp;&nbsp;&nbsp; 6047889 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 250090 | &nbsp;&nbsp;&nbsp;&nbsp; 8392593 |
| &nbsp;&nbsp;&nbsp; Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp; 48927 | &nbsp;&nbsp;&nbsp;&nbsp; 1766714 |
| &nbsp;&nbsp;&nbsp; Hornbach Holding AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp; 4091 | &nbsp;&nbsp;&nbsp;&nbsp; 390914 |
| &nbsp;&nbsp;&nbsp; JOST Werke SE (a) | &nbsp;&nbsp;&nbsp;&nbsp; 14343 | &nbsp;&nbsp;&nbsp;&nbsp; 1063841 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 76380 | &nbsp;&nbsp;&nbsp;&nbsp; 5220134 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 11693 | &nbsp;&nbsp;&nbsp;&nbsp; 7086854 |
| &nbsp;&nbsp;&nbsp; Schaeffler AG | &nbsp;&nbsp;&nbsp;&nbsp; 139138 | &nbsp;&nbsp;&nbsp;&nbsp; 1641008 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp;&nbsp;&nbsp; 110092 | &nbsp;&nbsp;&nbsp;&nbsp; 3223415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 62804236 |
| **Greece — 0.5%** | **Greece — 0.5%** | **Greece — 0.5%** |
| &nbsp;&nbsp;&nbsp; Eurobank SA | &nbsp;&nbsp;&nbsp;&nbsp; 461390 | &nbsp;&nbsp;&nbsp;&nbsp; 2254803 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp; 112280 | &nbsp;&nbsp;&nbsp;&nbsp; 2105860 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp;&nbsp;&nbsp; 156928 | &nbsp;&nbsp;&nbsp;&nbsp; 2770477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7131140 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Guatemala — 0.2%** | **Guatemala — 0.2%** | **Guatemala — 0.2%** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 53702 | &nbsp;&nbsp;&nbsp;&nbsp; 3277433 |
| **Hong Kong — 1.4%** | **Hong Kong — 1.4%** | **Hong Kong — 1.4%** |
| &nbsp;&nbsp;&nbsp; Cathay Pacific Airways Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1236000 | &nbsp;&nbsp;&nbsp;&nbsp; 1937945 |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 2753325 |
| &nbsp;&nbsp;&nbsp; Hang Lung Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1568000 | &nbsp;&nbsp;&nbsp;&nbsp; 1892064 |
| &nbsp;&nbsp;&nbsp; Hysan Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 880000 | &nbsp;&nbsp;&nbsp;&nbsp; 2416812 |
| &nbsp;&nbsp;&nbsp; Kerry Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 903000 | &nbsp;&nbsp;&nbsp;&nbsp; 2741294 |
| &nbsp;&nbsp;&nbsp; Swire Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 677000 | &nbsp;&nbsp;&nbsp;&nbsp; 2052022 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2333000 | &nbsp;&nbsp;&nbsp;&nbsp; 2753163 |
| &nbsp;&nbsp;&nbsp; Wharf Real Estate Investment Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 656000 | &nbsp;&nbsp;&nbsp;&nbsp; 2277476 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18824101 |
| **Hungary — 0.5%** | **Hungary — 0.5%** | **Hungary — 0.5%** |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp;&nbsp; 277193 | &nbsp;&nbsp;&nbsp;&nbsp; 3385343 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 28100 | &nbsp;&nbsp;&nbsp;&nbsp; 3535881 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6921224 |
| **India — 1.7%** | **India — 1.7%** | **India — 1.7%** |
| &nbsp;&nbsp;&nbsp; Bank of Baroda | &nbsp;&nbsp;&nbsp;&nbsp; 676019 | &nbsp;&nbsp;&nbsp;&nbsp; 2203028 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 660648 | &nbsp;&nbsp;&nbsp;&nbsp; 2619172 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp;&nbsp;&nbsp; 1446825 | &nbsp;&nbsp;&nbsp;&nbsp; 2322150 |
| &nbsp;&nbsp;&nbsp; Coal India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 567046 | &nbsp;&nbsp;&nbsp;&nbsp; 2720054 |
| &nbsp;&nbsp;&nbsp; National Aluminium Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 945764 | &nbsp;&nbsp;&nbsp;&nbsp; 3940864 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2452524 | &nbsp;&nbsp;&nbsp;&nbsp; 2160411 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 503437 | &nbsp;&nbsp;&nbsp;&nbsp; 1587771 |
| &nbsp;&nbsp;&nbsp; Union Bank of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1078409 | &nbsp;&nbsp;&nbsp;&nbsp; 2122587 |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 400071 | &nbsp;&nbsp;&nbsp;&nbsp; 2958844 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22634881 |
| **Indonesia — 0.9%** | **Indonesia — 0.9%** | **Indonesia — 0.9%** |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 8523800 | &nbsp;&nbsp;&nbsp;&nbsp; 3231981 |
| &nbsp;&nbsp;&nbsp; First Pacific Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2488000 | &nbsp;&nbsp;&nbsp;&nbsp; 1946723 |
| &nbsp;&nbsp;&nbsp; Japfa Comfeed Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 11845500 | &nbsp;&nbsp;&nbsp;&nbsp; 1957301 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 12551600 | &nbsp;&nbsp;&nbsp;&nbsp; 2683035 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1634400 | &nbsp;&nbsp;&nbsp;&nbsp; 2546163 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12365203 |
| **Ireland — 1.3%** | **Ireland — 1.3%** | **Ireland — 1.3%** |
| &nbsp;&nbsp;&nbsp; AerCap Holdings NV | &nbsp;&nbsp;&nbsp;&nbsp; 27144 | &nbsp;&nbsp;&nbsp;&nbsp; 3899507 |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 320751 | &nbsp;&nbsp;&nbsp;&nbsp; 3585401 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 160874 | &nbsp;&nbsp;&nbsp;&nbsp; 3268552 |
| &nbsp;&nbsp;&nbsp; Glanbia plc | &nbsp;&nbsp;&nbsp;&nbsp; 147051 | &nbsp;&nbsp;&nbsp;&nbsp; 2829001 |
| &nbsp;&nbsp;&nbsp; Glenveagh Properties plc \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 890756 | &nbsp;&nbsp;&nbsp;&nbsp; 2067369 |
| &nbsp;&nbsp;&nbsp; Greencore Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 672628 | &nbsp;&nbsp;&nbsp;&nbsp; 2664531 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18314361 |
| **Italy — 3.4%** | **Italy — 3.4%** | **Italy — 3.4%** |
| &nbsp;&nbsp;&nbsp; Azimut Holding SpA | &nbsp;&nbsp;&nbsp;&nbsp; 53516 | &nbsp;&nbsp;&nbsp;&nbsp; 2260727 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | &nbsp;&nbsp;&nbsp;&nbsp; 212303 | &nbsp;&nbsp;&nbsp;&nbsp; 3182278 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA | &nbsp;&nbsp;&nbsp;&nbsp; 247121 | &nbsp;&nbsp;&nbsp;&nbsp; 3480314 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Italy — continued** | **Italy — continued** | **Italy — continued** |
| &nbsp;&nbsp;&nbsp; Danieli & C Officine Meccaniche SpA | &nbsp;&nbsp;&nbsp;&nbsp; 56282 | &nbsp;&nbsp;&nbsp;&nbsp; 2903669 |
| &nbsp;&nbsp;&nbsp; doValue SpA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 710420 | &nbsp;&nbsp;&nbsp;&nbsp; 2207804 |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp;&nbsp;&nbsp; 706465 | &nbsp;&nbsp;&nbsp;&nbsp; 7805422 |
| &nbsp;&nbsp;&nbsp; Eni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 239177 | &nbsp;&nbsp;&nbsp;&nbsp; 4888571 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 1319367 | &nbsp;&nbsp;&nbsp;&nbsp; 9340316 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 89857 | &nbsp;&nbsp;&nbsp;&nbsp; 7830683 |
| &nbsp;&nbsp;&nbsp; Unipol Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 139985 | &nbsp;&nbsp;&nbsp;&nbsp; 3117715 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 47017499 |
| **Japan — 16.0%** | **Japan — 16.0%** | **Japan — 16.0%** |
| &nbsp;&nbsp;&nbsp; Aiful Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp; 3271259 |
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 310400 | &nbsp;&nbsp;&nbsp;&nbsp; 3011194 |
| &nbsp;&nbsp;&nbsp; Chiyoda Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 406000 | &nbsp;&nbsp;&nbsp;&nbsp; 3374755 |
| &nbsp;&nbsp;&nbsp; Cosmo Energy Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 64000 | &nbsp;&nbsp;&nbsp;&nbsp; 1919177 |
| &nbsp;&nbsp;&nbsp; Credit Saison Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 61800 | &nbsp;&nbsp;&nbsp;&nbsp; 1668482 |
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 430600 | &nbsp;&nbsp;&nbsp;&nbsp; 3786758 |
| &nbsp;&nbsp;&nbsp; Daiwa Securities Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 404400 | &nbsp;&nbsp;&nbsp;&nbsp; 3940632 |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 463400 | &nbsp;&nbsp;&nbsp;&nbsp; 3916619 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 213000 | &nbsp;&nbsp;&nbsp;&nbsp; 4772098 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 185400 | &nbsp;&nbsp;&nbsp;&nbsp; 2986760 |
| &nbsp;&nbsp;&nbsp; Japan Airlines Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 98100 | &nbsp;&nbsp;&nbsp;&nbsp; 1853621 |
| &nbsp;&nbsp;&nbsp; Japan Petroleum Exploration Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 219000 | &nbsp;&nbsp;&nbsp;&nbsp; 2696263 |
| &nbsp;&nbsp;&nbsp; Kamigumi Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 63500 | &nbsp;&nbsp;&nbsp;&nbsp; 2222233 |
| &nbsp;&nbsp;&nbsp; Kandenko Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 75500 | &nbsp;&nbsp;&nbsp;&nbsp; 2718181 |
| &nbsp;&nbsp;&nbsp; Kanematsu Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 140800 | &nbsp;&nbsp;&nbsp;&nbsp; 1849363 |
| &nbsp;&nbsp;&nbsp; Kansai Paint Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 118000 | &nbsp;&nbsp;&nbsp;&nbsp; 1883207 |
| &nbsp;&nbsp;&nbsp; KDX Realty Investment Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 1482 | &nbsp;&nbsp;&nbsp;&nbsp; 1603282 |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32100 | &nbsp;&nbsp;&nbsp;&nbsp; 4390843 |
| &nbsp;&nbsp;&nbsp; Kyocera Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 249600 | &nbsp;&nbsp;&nbsp;&nbsp; 3744701 |
| &nbsp;&nbsp;&nbsp; Marubeni Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 185500 | &nbsp;&nbsp;&nbsp;&nbsp; 6148983 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 930500 | &nbsp;&nbsp;&nbsp;&nbsp; 16851698 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 245600 | &nbsp;&nbsp;&nbsp;&nbsp; 8022534 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp; 2637388 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 235600 | &nbsp;&nbsp;&nbsp;&nbsp; 10229267 |
| &nbsp;&nbsp;&nbsp; Modec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38100 | &nbsp;&nbsp;&nbsp;&nbsp; 3715416 |
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp; 4076413 |
| &nbsp;&nbsp;&nbsp; Niterra Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 61900 | &nbsp;&nbsp;&nbsp;&nbsp; 2706384 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 530100 | &nbsp;&nbsp;&nbsp;&nbsp; 4803946 |
| &nbsp;&nbsp;&nbsp; Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 308000 | &nbsp;&nbsp;&nbsp;&nbsp; 2046735 |
| &nbsp;&nbsp;&nbsp; Obayashi Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 154600 | &nbsp;&nbsp;&nbsp;&nbsp; 3489836 |
| &nbsp;&nbsp;&nbsp; Open House Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp; 2177146 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 181600 | &nbsp;&nbsp;&nbsp;&nbsp; 5534333 |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 104400 | &nbsp;&nbsp;&nbsp;&nbsp; 3919454 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 308900 | &nbsp;&nbsp;&nbsp;&nbsp; 4235235 |
| &nbsp;&nbsp;&nbsp; Sankyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 156100 | &nbsp;&nbsp;&nbsp;&nbsp; 2441800 |
| &nbsp;&nbsp;&nbsp; SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 135200 | &nbsp;&nbsp;&nbsp;&nbsp; 3057415 |
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 156500 | &nbsp;&nbsp;&nbsp;&nbsp; 3222208 |
| &nbsp;&nbsp;&nbsp; Sojitz Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62200 | &nbsp;&nbsp;&nbsp;&nbsp; 2268142 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 91800 | &nbsp;&nbsp;&nbsp;&nbsp; 3165680 |
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 152000 | &nbsp;&nbsp;&nbsp;&nbsp; 3263162 |
| &nbsp;&nbsp;&nbsp; Sumitomo Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 130600 | &nbsp;&nbsp;&nbsp;&nbsp; 5303547 |
| &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 43800 | &nbsp;&nbsp;&nbsp;&nbsp; 1917544 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 329300 | &nbsp;&nbsp;&nbsp;&nbsp; 11588216 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 98800 | &nbsp;&nbsp;&nbsp;&nbsp; 3299801 |
| &nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 168400 | &nbsp;&nbsp;&nbsp;&nbsp; 4689436 |
| &nbsp;&nbsp;&nbsp; TBS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59800 | &nbsp;&nbsp;&nbsp;&nbsp; 2318622 |
| &nbsp;&nbsp;&nbsp; Tokai Rika Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 99300 | &nbsp;&nbsp;&nbsp;&nbsp; 2012670 |
| &nbsp;&nbsp;&nbsp; Tokio Marine Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 102100 | &nbsp;&nbsp;&nbsp;&nbsp; 3805527 |
| &nbsp;&nbsp;&nbsp; Tokyo Century Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 126200 | &nbsp;&nbsp;&nbsp;&nbsp; 1758051 |
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 36700 | &nbsp;&nbsp;&nbsp;&nbsp; 1628220 |
| &nbsp;&nbsp;&nbsp; Tokyo Tatemono Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 119400 | &nbsp;&nbsp;&nbsp;&nbsp; 2809749 |
| &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 276200 | &nbsp;&nbsp;&nbsp;&nbsp; 2557477 |
| &nbsp;&nbsp;&nbsp; Toyo Tire Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 91100 | &nbsp;&nbsp;&nbsp;&nbsp; 2455120 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 409500 | &nbsp;&nbsp;&nbsp;&nbsp; 9281525 |
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 128900 | &nbsp;&nbsp;&nbsp;&nbsp; 4694440 |
| &nbsp;&nbsp;&nbsp; Tsubakimoto Chain Co. | &nbsp;&nbsp;&nbsp;&nbsp; 154500 | &nbsp;&nbsp;&nbsp;&nbsp; 2370010 |
| &nbsp;&nbsp;&nbsp; UACJ Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 182900 | &nbsp;&nbsp;&nbsp;&nbsp; 2894854 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 219007412 |
| **Luxembourg — 0.3%** | **Luxembourg — 0.3%** | **Luxembourg — 0.3%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp; 83395 | &nbsp;&nbsp;&nbsp;&nbsp; 4529022 |
| **Malaysia — 0.1%** | **Malaysia — 0.1%** | **Malaysia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Sime Darby Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 3561300 | &nbsp;&nbsp;&nbsp;&nbsp; 1950472 |
| **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** |
| &nbsp;&nbsp;&nbsp; Banco del Bajio SA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 631881 | &nbsp;&nbsp;&nbsp;&nbsp; 1848711 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp; 359629 | &nbsp;&nbsp;&nbsp;&nbsp; 4054367 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 248495 | &nbsp;&nbsp;&nbsp;&nbsp; 2741891 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8644969 |
| **Netherlands — 2.5%** | **Netherlands — 2.5%** | **Netherlands — 2.5%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 99107 | &nbsp;&nbsp;&nbsp;&nbsp; 3651427 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp;&nbsp;&nbsp; 33839 | &nbsp;&nbsp;&nbsp;&nbsp; 2457750 |
| &nbsp;&nbsp;&nbsp; Eurocommercial Properties NV, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 48627 | &nbsp;&nbsp;&nbsp;&nbsp; 1434457 |
| &nbsp;&nbsp;&nbsp; Havas NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 98094 | &nbsp;&nbsp;&nbsp;&nbsp; 2026819 |
| &nbsp;&nbsp;&nbsp; Heineken Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 56529 | &nbsp;&nbsp;&nbsp;&nbsp; 4201753 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 284024 | &nbsp;&nbsp;&nbsp;&nbsp; 8376131 |
| &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 267051 | &nbsp;&nbsp;&nbsp;&nbsp; 2800754 |
| &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V., CVA | &nbsp;&nbsp;&nbsp;&nbsp; 34124 | &nbsp;&nbsp;&nbsp;&nbsp; 2780437 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 52569 | &nbsp;&nbsp;&nbsp;&nbsp; 4167000 |
| &nbsp;&nbsp;&nbsp; SBM Offshore NV | &nbsp;&nbsp;&nbsp;&nbsp; 73233 | &nbsp;&nbsp;&nbsp;&nbsp; 2630548 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 34527076 |
| **Norway — 0.9%** | **Norway — 0.9%** | **Norway — 0.9%** |
| &nbsp;&nbsp;&nbsp; Aker Solutions ASA | &nbsp;&nbsp;&nbsp;&nbsp; 583673 | &nbsp;&nbsp;&nbsp;&nbsp; 2132772 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp; 125900 | &nbsp;&nbsp;&nbsp;&nbsp; 3609976 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Norway — continued** | **Norway — continued** | **Norway — continued** |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | &nbsp;&nbsp;&nbsp;&nbsp; 349703 | &nbsp;&nbsp;&nbsp;&nbsp; 3104623 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 175067 | &nbsp;&nbsp;&nbsp;&nbsp; 2944899 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11792270 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| &nbsp;&nbsp;&nbsp; Hochschild Mining plc | &nbsp;&nbsp;&nbsp;&nbsp; 291939 | &nbsp;&nbsp;&nbsp;&nbsp; 2634619 |
| **Poland — 0.3%** | **Poland — 0.3%** | **Poland — 0.3%** |
| &nbsp;&nbsp;&nbsp; ORLEN SA | &nbsp;&nbsp;&nbsp;&nbsp; 134733 | &nbsp;&nbsp;&nbsp;&nbsp; 4094886 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| &nbsp;&nbsp;&nbsp; Banco Comercial Portugues SA, Class R | &nbsp;&nbsp;&nbsp;&nbsp; 2247969 | &nbsp;&nbsp;&nbsp;&nbsp; 2433211 |
| &nbsp;&nbsp;&nbsp; NOS SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 380039 | &nbsp;&nbsp;&nbsp;&nbsp; 1975624 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4408835 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ooredoo QPSC | &nbsp;&nbsp;&nbsp;&nbsp; 588024 | &nbsp;&nbsp;&nbsp;&nbsp; 2293310 |
| **Singapore — 0.5%** | **Singapore — 0.5%** | **Singapore — 0.5%** |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 371200 | &nbsp;&nbsp;&nbsp;&nbsp; 6195162 |
| **South Africa — 1.3%** | **South Africa — 1.3%** | **South Africa — 1.3%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 220243 | &nbsp;&nbsp;&nbsp;&nbsp; 3470494 |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp; 99841 | &nbsp;&nbsp;&nbsp;&nbsp; 4629409 |
| &nbsp;&nbsp;&nbsp; Exxaro Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 157281 | &nbsp;&nbsp;&nbsp;&nbsp; 1795313 |
| &nbsp;&nbsp;&nbsp; Kumba Iron Ore Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 91945 | &nbsp;&nbsp;&nbsp;&nbsp; 2049072 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 318266 | &nbsp;&nbsp;&nbsp;&nbsp; 3534209 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 159496 | &nbsp;&nbsp;&nbsp;&nbsp; 2619866 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18098363 |
| **South Korea — 6.6%** | **South Korea — 6.6%** | **South Korea — 6.6%** |
| &nbsp;&nbsp;&nbsp; BGF retail Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21897 | &nbsp;&nbsp;&nbsp;&nbsp; 1844065 |
| &nbsp;&nbsp;&nbsp; Cheil Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 112226 | &nbsp;&nbsp;&nbsp;&nbsp; 1709226 |
| &nbsp;&nbsp;&nbsp; DB Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 29799 | &nbsp;&nbsp;&nbsp;&nbsp; 2942039 |
| &nbsp;&nbsp;&nbsp; F&F Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42943 | &nbsp;&nbsp;&nbsp;&nbsp; 2170664 |
| &nbsp;&nbsp;&nbsp; Hankook Tire & Technology Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 48933 | &nbsp;&nbsp;&nbsp;&nbsp; 2164249 |
| &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8317 | &nbsp;&nbsp;&nbsp;&nbsp; 2382271 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20402 | &nbsp;&nbsp;&nbsp;&nbsp; 3439764 |
| &nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15297 | &nbsp;&nbsp;&nbsp;&nbsp; 4779654 |
| &nbsp;&nbsp;&nbsp; Industrial Bank of Korea | &nbsp;&nbsp;&nbsp;&nbsp; 119882 | &nbsp;&nbsp;&nbsp;&nbsp; 1841856 |
| &nbsp;&nbsp;&nbsp; JB Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 132153 | &nbsp;&nbsp;&nbsp;&nbsp; 2305776 |
| &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45569 | &nbsp;&nbsp;&nbsp;&nbsp; 4265223 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39403 | &nbsp;&nbsp;&nbsp;&nbsp; 4192606 |
| &nbsp;&nbsp;&nbsp; Korean Air Lines Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 131394 | &nbsp;&nbsp;&nbsp;&nbsp; 2118484 |
| &nbsp;&nbsp;&nbsp; KT Corp., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 60504 | &nbsp;&nbsp;&nbsp;&nbsp; 1265744 |
| &nbsp;&nbsp;&nbsp; KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 21470 | &nbsp;&nbsp;&nbsp;&nbsp; 849431 |
| &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22238 | &nbsp;&nbsp;&nbsp;&nbsp; 2221140 |
| &nbsp;&nbsp;&nbsp; LG Innotek Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10298 | &nbsp;&nbsp;&nbsp;&nbsp; 1748617 |
| &nbsp;&nbsp;&nbsp; LG Uplus Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 224306 | &nbsp;&nbsp;&nbsp;&nbsp; 2493328 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 292872 | &nbsp;&nbsp;&nbsp;&nbsp; 32354969 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10449 | &nbsp;&nbsp;&nbsp;&nbsp; 3636897 |
| &nbsp;&nbsp;&nbsp; Samsung Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 42734 | &nbsp;&nbsp;&nbsp;&nbsp; 2682335 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; SK hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6113 | &nbsp;&nbsp;&nbsp;&nbsp; 3816819 |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 56295 | &nbsp;&nbsp;&nbsp;&nbsp; 2837041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 90062198 |
| **Spain — 3.5%** | **Spain — 3.5%** | **Spain — 3.5%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 516624 | &nbsp;&nbsp;&nbsp;&nbsp; 13113816 |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp;&nbsp;&nbsp; 822641 | &nbsp;&nbsp;&nbsp;&nbsp; 3227044 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 1216830 | &nbsp;&nbsp;&nbsp;&nbsp; 15536569 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp; 454151 | &nbsp;&nbsp;&nbsp;&nbsp; 5994879 |
| &nbsp;&nbsp;&nbsp; Mapfre SA | &nbsp;&nbsp;&nbsp;&nbsp; 353550 | &nbsp;&nbsp;&nbsp;&nbsp; 1617753 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp;&nbsp;&nbsp; 182052 | &nbsp;&nbsp;&nbsp;&nbsp; 3586626 |
| &nbsp;&nbsp;&nbsp; Tecnicas Reunidas SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 65031 | &nbsp;&nbsp;&nbsp;&nbsp; 2462372 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 600317 | &nbsp;&nbsp;&nbsp;&nbsp; 2057218 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 47596277 |
| **Sweden — 2.1%** | **Sweden — 2.1%** | **Sweden — 2.1%** |
| &nbsp;&nbsp;&nbsp; Ambea AB (a) | &nbsp;&nbsp;&nbsp;&nbsp; 183979 | &nbsp;&nbsp;&nbsp;&nbsp; 2808997 |
| &nbsp;&nbsp;&nbsp; Loomis AB | &nbsp;&nbsp;&nbsp;&nbsp; 40885 | &nbsp;&nbsp;&nbsp;&nbsp; 1696574 |
| &nbsp;&nbsp;&nbsp; Modern Times Group MTG AB, Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 140932 | &nbsp;&nbsp;&nbsp;&nbsp; 1645162 |
| &nbsp;&nbsp;&nbsp; NCC AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 92918 | &nbsp;&nbsp;&nbsp;&nbsp; 2379328 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 210160 | &nbsp;&nbsp;&nbsp;&nbsp; 4517272 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp; 235654 | &nbsp;&nbsp;&nbsp;&nbsp; 3715100 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 118773 | &nbsp;&nbsp;&nbsp;&nbsp; 4617925 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 422310 | &nbsp;&nbsp;&nbsp;&nbsp; 4573687 |
| &nbsp;&nbsp;&nbsp; Telia Co. AB | &nbsp;&nbsp;&nbsp;&nbsp; 618220 | &nbsp;&nbsp;&nbsp;&nbsp; 2824315 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28778360 |
| **Switzerland — 0.6%** | **Switzerland — 0.6%** | **Switzerland — 0.6%** |
| &nbsp;&nbsp;&nbsp; Adecco Group AG (Registered) (b) | &nbsp;&nbsp;&nbsp;&nbsp; 83372 | &nbsp;&nbsp;&nbsp;&nbsp; 2450003 |
| &nbsp;&nbsp;&nbsp; Avolta AG | &nbsp;&nbsp;&nbsp;&nbsp; 32294 | &nbsp;&nbsp;&nbsp;&nbsp; 1977087 |
| &nbsp;&nbsp;&nbsp; Implenia AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 31706 | &nbsp;&nbsp;&nbsp;&nbsp; 3036422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7463512 |
| **Taiwan — 3.5%** | **Taiwan — 3.5%** | **Taiwan — 3.5%** |
| &nbsp;&nbsp;&nbsp; Arcadyan Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 304000 | &nbsp;&nbsp;&nbsp;&nbsp; 1726446 |
| &nbsp;&nbsp;&nbsp; Compal Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2455000 | &nbsp;&nbsp;&nbsp;&nbsp; 2533727 |
| &nbsp;&nbsp;&nbsp; Compeq Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 591000 | &nbsp;&nbsp;&nbsp;&nbsp; 3151082 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1808000 | &nbsp;&nbsp;&nbsp;&nbsp; 2140017 |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1311000 | &nbsp;&nbsp;&nbsp;&nbsp; 3764643 |
| &nbsp;&nbsp;&nbsp; Genius Electronic Optical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 117000 | &nbsp;&nbsp;&nbsp;&nbsp; 1674330 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 1905433 |
| &nbsp;&nbsp;&nbsp; Pou Chen Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1983000 | &nbsp;&nbsp;&nbsp;&nbsp; 1916735 |
| &nbsp;&nbsp;&nbsp; Primax Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 653000 | &nbsp;&nbsp;&nbsp;&nbsp; 1628759 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 359000 | &nbsp;&nbsp;&nbsp;&nbsp; 19851241 |
| &nbsp;&nbsp;&nbsp; Tripod Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp; 2415990 |
| &nbsp;&nbsp;&nbsp; United Microelectronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1176000 | &nbsp;&nbsp;&nbsp;&nbsp; 2339951 |
| &nbsp;&nbsp;&nbsp; WT Microelectronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 561000 | &nbsp;&nbsp;&nbsp;&nbsp; 2769611 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 47817965 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Thailand — 0.8%** | **Thailand — 0.8%** | **Thailand — 0.8%** |
| &nbsp;&nbsp;&nbsp; Bangkok Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 351200 | &nbsp;&nbsp;&nbsp;&nbsp; 1761797 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 339000 | &nbsp;&nbsp;&nbsp;&nbsp; 2024681 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 2711200 | &nbsp;&nbsp;&nbsp;&nbsp; 2432855 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 767800 | &nbsp;&nbsp;&nbsp;&nbsp; 3001500 |
| &nbsp;&nbsp;&nbsp; Thai Oil PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 1086600 | &nbsp;&nbsp;&nbsp;&nbsp; 1477848 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10698681 |
| **United Arab Emirates — 0.7%** | **United Arab Emirates — 0.7%** | **United Arab Emirates — 0.7%** |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 441564 | &nbsp;&nbsp;&nbsp;&nbsp; 1161657 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 1131344 | &nbsp;&nbsp;&nbsp;&nbsp; 4627982 |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 374978 | &nbsp;&nbsp;&nbsp;&nbsp; 3175443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8965082 |
| **United Kingdom — 8.9%** | **United Kingdom — 8.9%** | **United Kingdom — 8.9%** |
| &nbsp;&nbsp;&nbsp; Balfour Beatty plc | &nbsp;&nbsp;&nbsp;&nbsp; 282152 | &nbsp;&nbsp;&nbsp;&nbsp; 2762921 |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp;&nbsp;&nbsp; 1318708 | &nbsp;&nbsp;&nbsp;&nbsp; 8801146 |
| &nbsp;&nbsp;&nbsp; Beazley plc | &nbsp;&nbsp;&nbsp;&nbsp; 161216 | &nbsp;&nbsp;&nbsp;&nbsp; 2504578 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp;&nbsp;&nbsp; 185138 | &nbsp;&nbsp;&nbsp;&nbsp; 11184853 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp;&nbsp;&nbsp; 1169508 | &nbsp;&nbsp;&nbsp;&nbsp; 3062369 |
| &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 451500 | &nbsp;&nbsp;&nbsp;&nbsp; 3640583 |
| &nbsp;&nbsp;&nbsp; Currys plc | &nbsp;&nbsp;&nbsp;&nbsp; 1937734 | &nbsp;&nbsp;&nbsp;&nbsp; 3883325 |
| &nbsp;&nbsp;&nbsp; Drax Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 214465 | &nbsp;&nbsp;&nbsp;&nbsp; 2644103 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 1388540 | &nbsp;&nbsp;&nbsp;&nbsp; 24495130 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp; 105535 | &nbsp;&nbsp;&nbsp;&nbsp; 4444900 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 459989 | &nbsp;&nbsp;&nbsp;&nbsp; 2642674 |
| &nbsp;&nbsp;&nbsp; Investec plc | &nbsp;&nbsp;&nbsp;&nbsp; 276278 | &nbsp;&nbsp;&nbsp;&nbsp; 2298514 |
| &nbsp;&nbsp;&nbsp; ITV plc | &nbsp;&nbsp;&nbsp;&nbsp; 1569511 | &nbsp;&nbsp;&nbsp;&nbsp; 1749919 |
| &nbsp;&nbsp;&nbsp; Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp; 63305 | &nbsp;&nbsp;&nbsp;&nbsp; 2047148 |
| &nbsp;&nbsp;&nbsp; Keller Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 60010 | &nbsp;&nbsp;&nbsp;&nbsp; 1455072 |
| &nbsp;&nbsp;&nbsp; Kier Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 814114 | &nbsp;&nbsp;&nbsp;&nbsp; 2494672 |
| &nbsp;&nbsp;&nbsp; Lancashire Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 218741 | &nbsp;&nbsp;&nbsp;&nbsp; 1847343 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 4236847 | &nbsp;&nbsp;&nbsp;&nbsp; 6326479 |
| &nbsp;&nbsp;&nbsp; Marks & Spencer Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 345196 | &nbsp;&nbsp;&nbsp;&nbsp; 1731227 |
| &nbsp;&nbsp;&nbsp; Mitie Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 1239078 | &nbsp;&nbsp;&nbsp;&nbsp; 2841645 |
| &nbsp;&nbsp;&nbsp; Morgan Sindall Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 33542 | &nbsp;&nbsp;&nbsp;&nbsp; 2262732 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 823729 | &nbsp;&nbsp;&nbsp;&nbsp; 7508113 |
| &nbsp;&nbsp;&nbsp; Paragon Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 176913 | &nbsp;&nbsp;&nbsp;&nbsp; 2149661 |
| &nbsp;&nbsp;&nbsp; Premier Foods plc | &nbsp;&nbsp;&nbsp;&nbsp; 933528 | &nbsp;&nbsp;&nbsp;&nbsp; 2411718 |
| &nbsp;&nbsp;&nbsp; Serco Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 677218 | &nbsp;&nbsp;&nbsp;&nbsp; 2780613 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 146299 | &nbsp;&nbsp;&nbsp;&nbsp; 4862606 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp;&nbsp; 168108 | &nbsp;&nbsp;&nbsp;&nbsp; 4301284 |
| &nbsp;&nbsp;&nbsp; TP ICAP Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 479989 | &nbsp;&nbsp;&nbsp;&nbsp; 1674400 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 120809728 |
| **United States — 7.7%** | **United States — 7.7%** | **United States — 7.7%** |
| &nbsp;&nbsp;&nbsp; BP plc | &nbsp;&nbsp;&nbsp;&nbsp; 1450053 | &nbsp;&nbsp;&nbsp;&nbsp; 9194145 |
| &nbsp;&nbsp;&nbsp; Buzzi SpA | &nbsp;&nbsp;&nbsp;&nbsp; 32604 | &nbsp;&nbsp;&nbsp;&nbsp; 1855872 |
| &nbsp;&nbsp;&nbsp; Carnival plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 60907 | &nbsp;&nbsp;&nbsp;&nbsp; 1809125 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 393181 | &nbsp;&nbsp;&nbsp;&nbsp; 10168313 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 188766 | &nbsp;&nbsp;&nbsp;&nbsp; 18013289 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 22472 | &nbsp;&nbsp;&nbsp;&nbsp; 3334166 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 60130 | &nbsp;&nbsp;&nbsp;&nbsp; 27343512 |
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp; 77813 | &nbsp;&nbsp;&nbsp;&nbsp; 7339613 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 478473 | &nbsp;&nbsp;&nbsp;&nbsp; 18392268 |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp; 30132 | &nbsp;&nbsp;&nbsp;&nbsp; 4814607 |
| &nbsp;&nbsp;&nbsp; Tenaris SA | &nbsp;&nbsp;&nbsp;&nbsp; 114449 | &nbsp;&nbsp;&nbsp;&nbsp; 2542250 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 104807160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,095,311,254)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1340624143 |
| **Short-Term Investments — 1.9%** | **Short-Term Investments — 1.9%** | **Short-Term Investments — 1.9%** |
| **Investment Companies — 1.4%** | **Investment Companies — 1.4%** | **Investment Companies — 1.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 3.79% (c) (d) <br>(Cost $19,142,820)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19135243 | &nbsp;&nbsp;&nbsp;&nbsp; 19142897 |
| **Investment of Cash Collateral from Securities Loaned — 0.5%** | **Investment of Cash Collateral from Securities Loaned — 0.5%** | **Investment of Cash Collateral from Securities Loaned — 0.5%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 3.68% (c) (d)(Cost $7,143,366) | &nbsp;&nbsp;&nbsp;&nbsp; 7143366 | &nbsp;&nbsp;&nbsp;&nbsp; 7143366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $26,286,186)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 26286263 |
| **Total Investments — 100.1%** <br>**(Cost $1,121,597,440)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1366910406** |
| **Liabilities in Excess of Other Assets — (0.1)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(1945518)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1364964888** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| CVA | Certificaten Van Aandelen (Dutch Certificate) |
| NVDR | Non-Voting Depositary Receipt |
| PJSC | Public Joint Stock Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |
| REIT | Real Estate Investment Trust |
| SCA | Limited partnership with share capital |
| SGPS | Holding company |

---

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

\* Non-income producing security. 

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. 

(b) The security or a portion of this security is on loan at January 31, 2026. The total value of securities on loan at January 31, 2026 is $6,833,057.

(c) 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. 

(d) The rate shown is the current yield as of January 31, 2026.

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 24.6<br> %<br>|
| Insurance | 8.6 |
| Oil, Gas & Consumable Fuels | 8.5 |
| Metals & Mining | 5.9 |
| Pharmaceuticals | 4.6 |
| Construction & Engineering | 2.7 |
| Technology Hardware, Storage & Peripherals | 2.7 |
| Real Estate Management & Development | 2.7 |
| Trading Companies & Distributors | 2.7 |
| Diversified Telecommunication Services | 2.6 |
| Automobiles | 2.6 |
| Automobile Components | 2.5 |
| Food Products | 2.5 |
| Semiconductors & Semiconductor Equipment | 2.2 |
| Capital Markets | 2.1 |
| Machinery | 1.7 |
| Electronic Equipment, Instruments & Components | 1.4 |
| Energy Equipment & Services | 1.3 |
| Tobacco | 1.1 |
| Electric Utilities | 1.1 |
| Household Durables | 1.1 |
| Chemicals | 1.0 |
| Wireless Telecommunication Services | 1.0 |
| Others (each less than 1.0%) | 10.9 |
| Short-Term Investments | 1.9 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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 an approved Pricing Service. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAV is calculated.

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $32828327 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $32828327 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; 2914635 | &nbsp;&nbsp;&nbsp;&nbsp; 16170329 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19084964 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12018659 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12018659 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 22047015 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22047015 |
| &nbsp;&nbsp;&nbsp; Burkina Faso | &nbsp;&nbsp;&nbsp;&nbsp; 2413419 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2413419 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp; 58485492 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58485492 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 1987815 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1987815 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 9947235 | &nbsp;&nbsp;&nbsp;&nbsp; 99874073 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 109821308 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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** |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp; $2964884 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2964884 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14731943 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14731943 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6313659 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6313659 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 71185322 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 71185322 |
| &nbsp;&nbsp;&nbsp; Georgia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2275899 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2275899 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62804236 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62804236 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7131140 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7131140 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 3277433 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3277433 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18824101 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18824101 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6921224 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6921224 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22634881 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22634881 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12365203 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12365203 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; 11460408 | &nbsp;&nbsp;&nbsp;&nbsp; 6853953 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18314361 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47017499 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47017499 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 219007412 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 219007412 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4529022 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4529022 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1950472 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1950472 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 8644969 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8644969 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34527076 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34527076 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; 2944899 | &nbsp;&nbsp;&nbsp;&nbsp; 8847371 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11792270 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2634619 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2634619 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4094886 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4094886 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4408835 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4408835 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 2293310 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2293310 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6195162 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6195162 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 6464251 | &nbsp;&nbsp;&nbsp;&nbsp; 11634112 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18098363 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; 7395969 | &nbsp;&nbsp;&nbsp;&nbsp; 82666229 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 90062198 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47596277 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47596277 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; 2808997 | &nbsp;&nbsp;&nbsp;&nbsp; 25969363 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28778360 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7463512 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7463512 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47817965 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47817965 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10698681 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10698681 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 3175443 | &nbsp;&nbsp;&nbsp;&nbsp; 5789639 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8965082 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 16063445 | &nbsp;&nbsp;&nbsp;&nbsp; 104746283 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 120809728 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 104807160 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 104807160 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 165289619 | &nbsp;&nbsp;&nbsp;&nbsp; 1175334524 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1340624143 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 19142897 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19142897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities <br> Loaned<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7143366 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7143366 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 26286263 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26286263 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $191575882 | &nbsp;&nbsp;&nbsp;&nbsp; $1175334524 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1366910406 |

---

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

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market <br> Fund Class IM Shares, 3.79% <br> (a) (b)<br>| $22387742 | $92035007 | $95279874 | $(1790)<br>| $1812 | $19142897 | 19135243 | $263750 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending <br> Money Market Fund Agency SL <br> Class Shares, 3.68% (a) (b)<br>| 419283 | 32506951 | 25782868 |  |  | 7143366 | 7143366 | 46151 |  |
| **Total** | $22807025 | $124541958 | $121062742 | $(1790)<br>| $1812 | $26286263 |  | $309901 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

- **a. Name of Series:** JPMorgan International Value ETF

- **b. EDGAR series identifier (if any):** S000081238

- **c. LEI of Series:** 5493000HC5NKHJ0R6K40

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1382184809.37

**Total Liabilities:** $17207564.52

**Net Assets:** $1364977244.85

**Cash Not Reported:** $16478088.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243910 | 3.40%                | 4.57%                | 7.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7183378.59              | $22546773.58                               |
| Month 2  | $1818564.80              | $43095185.54                               |
| Month 3  | $7816492.85              | $81594578.37                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Mexican Pesos                                     | New Mexican Pesos                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |    180436 | OU      | $10324.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank PCL                                      | Bangkok Bank PCL                                                      | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    351200 | NS      | $1761796.83   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GF Securities Co. Ltd.                                | GF Securities Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936       | Long             | EC               | CORP              | CN        |    745000 | NS      | $1738501.37   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Dollar                                      | Hong Kong Dollar                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HK        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Russel Metals, Inc.                                   | Russel Metals, Inc.                                                   | CUSIP: 781903604<br>LEI: 5493005F9VPHFO17OV54 | Long             | EC               | CORP              | CA        |     65828 | NS      | $2332611.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                             | Orange SA                                                             | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    235731 | NS      | $4382248.84   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Oil PCL                                          | Thai Oil PCL                                                          | CUSIP: N/A<br>LEI: 549300HG5527UPZLTT69       | Long             | EC               | CORP              | TH        |   1086600 | NS      | $1477848.17   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                          | Mizuho Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    235600 | NS      | $10229266.88  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp.                             | Arcadyan Technology Corp.                                             | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |    304000 | NS      | $1726445.86   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co. Ltd.                                     | Mitsui & Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |    245600 | NS      | $8022534.01   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| JOYY, Inc.                                            | JOYY, Inc.                                                            | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | KY        |     29329 | NS      | $1887321.15   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Haier Smart Home Co. Ltd.                             | Haier Smart Home Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |    705400 | NS      | $2325505.99   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkish Lira                                          | Turkish Lira                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital REIT                                    | First Capital REIT                                                    | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               | CORP              | CA        |     99667 | NS      | $1448543.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chiyoda Corp.                                         | Chiyoda Corp.                                                         | CUSIP: N/A<br>LEI: 549300QKY84OVLK4L190       | Long             | EC               | CORP              | JP        |    406000 | NS      | $3374755.30   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Largan Precision Co. Ltd.                             | Largan Precision Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $1905433.34   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.                       | Canadian Natural Resources Ltd.                                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    203590 | NS      | $7570052.29   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group plc                                | Lion Finance Group plc                                                | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GB        |     16473 | NS      | $2275898.76   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Exxaro Resources Ltd.                                 | Exxaro Resources Ltd.                                                 | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |    157281 | NS      | $1795313.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                        | BAWAG Group AG                                                        | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     12953 | NS      | $2107141.78   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.            | Industrial & Commercial Bank of China Ltd., Class H                   | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   3958000 | NS      | $3283149.26   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG         | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     11693 | NS      | $7086853.66   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai              | Gree Electric Appliances, Inc. of Zhuhai, Class A                     | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |    401400 | NS      | $2232633.40   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                           | Telenor ASA                                                           | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    175067 | NS      | $2944899.43   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Forvia SE                                             | Forvia SE                                                             | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | EC               | CORP              | FR        |    131039 | NS      | $2139530.21   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                                            | Umicore SA                                                            | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    114509 | NS      | $2722142.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                           | Astra International Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   8523800 | NS      | $3231980.70   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                            | National Bank of Greece SA                                            | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    156928 | NS      | $2770476.77   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                               | Vale SA                                                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    411960 | NS      | $6584784.61   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                       | Fairfax Financial Holdings Ltd.                                       | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1826 | NS      | $3013446.47   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Rand                                    | South African Rand                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co. Ltd.                                | Weichai Power Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |   1092000 | NS      | $3701476.98   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                          | ING Groep NV                                                          | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    284024 | NS      | $8376130.57   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co. Ltd.                                | Credit Saison Co. Ltd.                                                | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |     61800 | NS      | $1668482.43   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                           | NN Group NV                                                           | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     52569 | NS      | $4167000.11   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp.                          | Tokyu Fudosan Holdings Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    276200 | NS      | $2557477.31   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings, Inc.                                  | ENEOS Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |    463400 | NS      | $3916618.67   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                          | Subaru Corp.                                                          | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    152000 | NS      | $3263162.24   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp.                                        | LG Uplus Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    224306 | NS      | $2493327.78   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                                            | Freenet AG                                                            | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     48927 | NS      | $1766714.46   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Implenia AG                                           | Implenia AG (Registered)                                              | CUSIP: N/A<br>LEI: 52990006TKCUQQJ79B11       | Long             | EC               | CORP              | CH        |     31706 | NS      | $3036422.46   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co. Ltd.                    | Hankook Tire & Technology Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     48933 | NS      | $2164249.16   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastern Air Logistics Co. Ltd.                        | Eastern Air Logistics Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    782500 | NS      | $2089302.57   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                     | Eva Airways Corp.                                                     | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |   1808000 | NS      | $2140016.82   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                   | PetroChina Co. Ltd., Class H                                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   3800000 | NS      | $4514246.56   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vienna Insurance Group AG Wiener Versicherung Gruppe  | Vienna Insurance Group AG Wiener Versicherung Gruppe                  | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |     45539 | NS      | $3579549.27   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co. Ltd.                | China Pacific Insurance Group Co. Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    929200 | NS      | $4680229.10   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayvens SA                                             | Ayvens SA                                                             | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |    150751 | NS      | $2185562.20   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WT Microelectronics Co. Ltd.                          | WT Microelectronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300B9CGCS0W06W129       | Long             | EC               | CORP              | TW        |    561000 | NS      | $2769610.82   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp.                                     | Asahi Kasei Corp.                                                     | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |    310400 | NS      | $3011193.57   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Glanbia plc                                           | Glanbia plc                                                           | CUSIP: N/A<br>LEI: 635400SRMCBHVMSKJS84       | Long             | EC               | CORP              | IE        |    147051 | NS      | $2829001.03   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                             | Sanofi SA                                                             | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     77813 | NS      | $7339612.68   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                    | Oversea-Chinese Banking Corp. Ltd.                                    | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    371200 | NS      | $6195161.72   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co. Ltd.                     | New China Life Insurance Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |    284800 | NS      | $2315831.72   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                               | GSK plc                                                               | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    393181 | NS      | $10168313.25  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                        | Sumitomo Corp.                                                        | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |    130600 | NS      | $5303547.38   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co. Ltd.                               | Japan Airlines Co. Ltd.                                               | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |     98100 | NS      | $1853620.70   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                          | British American Tobacco plc                                          | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    185138 | NS      | $11184853.37  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Compeq Manufacturing Co. Ltd.                         | Compeq Manufacturing Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    591000 | NS      | $3151081.52   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Tire Corp.                                       | Toyo Tire Corp.                                                       | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |     91100 | NS      | $2455119.86   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                           | Swedbank AB, Class A                                                  | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    118773 | NS      | $4617925.05   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group plc                                        | Drax Group plc                                                        | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    214465 | NS      | $2644103.27   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Deme Group NV                                         | Deme Group NV                                                         | CUSIP: N/A<br>LEI: 549300FPFPQPKI3PJV37       | Long             | EC               | CORP              | BE        |      9564 | NS      | $1906487.40   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                          | Dai-ichi Life Holdings, Inc.                                          | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |    430600 | NS      | $3786757.86   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                    | SBI Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    135200 | NS      | $3057414.77   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co. Ltd.                 | Wharf Real Estate Investment Co. Ltd.                                 | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | KY        |    656000 | NS      | $2277475.98   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                             | NMDC Ltd.                                                             | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |   2452524 | NS      | $2160411.39   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                | Mercedes-Benz Group AG                                                | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     76380 | NS      | $5220133.67   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheil Worldwide, Inc.                                 | Cheil Worldwide, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    112226 | NS      | $1709225.60   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                               | Sinotruk Hong Kong Ltd.                                               | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    791500 | NS      | $3634709.64   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecco Group AG                                       | Adecco Group AG (Registered)                                          | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |     83372 | NS      | $2450002.55   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| TBS Holdings, Inc.                                    | TBS Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     59800 | NS      | $2318622.15   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo SE                                              | Valeo SE                                                              | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |    136937 | NS      | $1912516.95   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                              | Svenska Handelsbanken AB, Class A                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |    235654 | NS      | $3715099.85   | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Marks & Spencer Group plc                             | Marks & Spencer Group plc                                             | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    345196 | NS      | $1731227.37   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                | Kunlun Energy Co. Ltd.                                                | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   2460000 | NS      | $2520473.66   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co. Ltd.                                    | Tokyo Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |     36700 | NS      | $1628219.84   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                          | Barclays plc                                                          | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |   1318708 | NS      | $8801145.96   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                              | Lloyds Banking Group plc                                              | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   4236847 | NS      | $6326479.26   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                            | Tenaris SA                                                            | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |    114449 | NS      | $2542250.40   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co. Ltd.                                 | Kansai Paint Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 549300ERRV6FTKH9NN70       | Long             | EC               | CORP              | JP        |    118000 | NS      | $1883207.05   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedish Krona                                         | Swedish Krona                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SE        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group plc                             | Bank of Ireland Group plc                                             | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    160874 | NS      | $3268552.45   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                        | BNP Paribas SA                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     89474 | NS      | $9675052.38   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co. Ltd.                                       | Sankyo Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |    156100 | NS      | $2441799.98   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.           | Taiwan Semiconductor Manufacturing Co. Ltd.                           | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    359000 | NS      | $19851241.41  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Strabag SE                                            | Strabag SE                                                            | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               | CORP              | AT        |      5404 | NS      | $560492.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Franc                                           | Swiss Franc                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CH        |        -1 | OU      | $-0.87        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hungarian Forint                                      | Hungarian Forint                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HU        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                               | Hyundai Glovis Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     20402 | NS      | $3439764.33   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                             | Kia Corp.                                                             | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     39403 | NS      | $4192605.99   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cogeco Communications, Inc.                           | Cogeco Communications, Inc.                                           | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     39452 | NS      | $1901542.07   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                                                | NCC AB, Class B                                                       | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |     92918 | NS      | $2379328.14   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corp.                               | Tripod Technology Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    205000 | NS      | $2415990.32   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Group, Inc.                     | Sumitomo Mitsui Trust Group, Inc.                                     | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |     98800 | NS      | $3299801.38   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Serco Group plc                                       | Serco Group plc                                                       | CUSIP: N/A<br>LEI: 549300PT2CIHYN5GWJ21       | Long             | EC               | CORP              | GB        |    677218 | NS      | $2780612.57   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd.                                 | Kerry Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | BM        |    903000 | NS      | $2741294.13   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Marcopolo SA                                          | Marcopolo SA (Preference)                                             | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |   1382261 | NS      | $1694092.15   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA                                              | Ageas SA                                                              | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     41203 | NS      | $2926666.80   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                 | DB Insurance Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     29799 | NS      | $2942039.41   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Latam Airlines Group SA                               | Latam Airlines Group SA                                               | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |  61270264 | NS      | $1987814.55   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Balfour Beatty plc                                    | Balfour Beatty plc                                                    | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |    282152 | NS      | $2762921.03   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.                  | MS&AD Insurance Group Holdings, Inc.                                  | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |    160000 | NS      | $4076413.45   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Yuntianhua Co. Ltd.                            | Yunnan Yuntianhua Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    414700 | NS      | $2275386.20   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                | Grupo Mexico SAB de CV, Series B                                      | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    248495 | NS      | $2741891.21   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| People's Insurance Co. Group of China Ltd. (The)      | People's Insurance Co. Group of China Ltd. (The), Class H             | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |   4359000 | NS      | $3790285.78   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                      | Kasikornbank PCL                                                      | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    339000 | NS      | $2024681.48   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatari Rial                                           | Qatari Rial                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | QA        |        -1 | OU      | $-0.29        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                               | Eni SpA                                                               | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    239177 | NS      | $4888570.60   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                 | Emaar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   1131344 | NS      | $4627982.36   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA                                              | ORLEN SA                                                              | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |    134733 | NS      | $4094885.71   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                              | Panasonic Holdings Corp.                                              | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    308900 | NS      | $4235234.60   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                                | CK Asset Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |    470000 | NS      | $2753325.38   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                             | Mapfre SA                                                             | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |    353550 | NS      | $1617752.56   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                   | Krung Thai Bank PCL                                                   | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   2711200 | NS      | $2432855.17   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                      | Raiffeisen Bank International AG                                      | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     51596 | NS      | $2600721.92   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                              | Industrial Bank of Korea                                              | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |    119882 | NS      | $1841855.74   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                              | Bayer AG (Registered)                                                 | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |    117487 | NS      | $6214085.41   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Innotek Co. Ltd.                                   | LG Innotek Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |     10298 | NS      | $1748617.18   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                              | QBE Insurance Group Ltd.                                              | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |    248163 | NS      | $3401266.26   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd.                              | Lancashire Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | BM        |    218741 | NS      | $1847342.72   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co. Ltd.                                     | Kandenko Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |     75500 | NS      | $2718180.78   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                | AXA SA                                                                | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    157912 | NS      | $7200651.57   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Vipshop Holdings Ltd.                                 | Vipshop Holdings Ltd.                                                 | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |    162761 | NS      | $2784840.71   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp.                                         | IAMGOLD Corp.                                                         | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    132992 | NS      | $2413419.25   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                                  | Barrick Mining Corp.                                                  | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     73657 | NS      | $3366806.21   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                                | OMV AG                                                                | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     47385 | NS      | $2815036.72   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kier Group plc                                        | Kier Group plc                                                        | CUSIP: N/A<br>LEI: 2138002RKCU2OM4Y7O48       | Long             | EC               | CORP              | GB        |    814114 | NS      | $2494672.49   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co. Ltd.                                     | Kamigumi Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 3538004KUWA3850MUC05       | Long             | EC               | CORP              | JP        |     63500 | NS      | $2222232.93   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementir Holding NV                                   | Cementir Holding NV                                                   | CUSIP: N/A<br>LEI: 8156008B101B97A43B02       | Long             | EC               | CORP              | NL        |    116180 | NS      | $2612302.13   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                         | China Merchants Bank Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    419000 | NS      | $2559921.12   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| TP ICAP Group plc                                     | TP ICAP Group plc                                                     | CUSIP: N/A<br>LEI: 2138006YAA7IRVKKGE63       | Long             | EC               | CORP              | JE        |    479989 | NS      | $1674399.78   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                             | China Hongqiao Group Ltd.                                             | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |   1084500 | NS      | $4960147.34   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                       | Telefonaktiebolaget LM Ericsson, Class B                              | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |    422310 | NS      | $4573687.03   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                             | Bank of Nova Scotia (The)                                             | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |    117175 | NS      | $8760265.12   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp.                                              | KT Corp.                                                              | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     21470 | NS      | $849431.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                    | Banco Santander SA                                                    | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   1216830 | NS      | $15536569.46  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                              | Enel SpA                                                              | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    706465 | NS      | $7805422.25   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                            | Eiffage SA                                                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     21223 | NS      | $3147527.35   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands plc                                   | Imperial Brands plc                                                   | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    105535 | NS      | $4444899.88   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenveagh Properties plc                              | Glenveagh Properties plc                                              | CUSIP: N/A<br>LEI: 635400QUQ2YYGMOAK834       | Long             | EC               | CORP              | IE        |    890756 | NS      | $2067369.23   | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Banco de Sabadell SA                                  | Banco de Sabadell SA                                                  | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |    822641 | NS      | $3227044.16   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Danish Krone                                          | Danish Krone                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | DK        |        -2 | OU      | $-0.31        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Group, Inc.                          | Daiwa Securities Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |    404400 | NS      | $3940631.65   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co. Ltd.                                   | Shionogi & Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |    156500 | NS      | $3222207.92   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Bank of India Ltd.                              | Union Bank of India Ltd.                                              | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |   1078409 | NS      | $2122586.44   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd.                       | Agricultural Bank of China Ltd., Class H                              | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   4396000 | NS      | $3073317.97   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmo Energy Holdings Co. Ltd.                        | Cosmo Energy Holdings Co. Ltd.                                        | CUSIP: N/A<br>LEI: 353800Y4GZ7KR5X7L150       | Long             | EC               | CORP              | JP        |     64000 | NS      | $1919176.90   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Aviation Ltd.                                     | BOC Aviation Ltd.                                                     | CUSIP: N/A<br>LEI: 254900H06V5RMEB3KE72       | Long             | EC               | CORP              | SG        |    200000 | NS      | $2071930.65   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Compal Electronics, Inc.                              | Compal Electronics, Inc.                                              | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |   2455000 | NS      | $2533727.49   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Communications Services Corp. Ltd.              | China Communications Services Corp. Ltd., Class H                     | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |   3698000 | NS      | $2245851.22   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp.                                         | Kyocera Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    249600 | NS      | $3744700.96   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Linamar Corp.                                         | Linamar Corp.                                                         | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |     30269 | NS      | $1918863.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sime Darby Bhd.                                       | Sime Darby Bhd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   3561300 | NS      | $1950472.10   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NOS SGPS SA                                           | NOS SGPS SA                                                           | CUSIP: N/A<br>LEI: 5493004DM8FGIY6QKF37       | Long             | EC               | CORP              | PT        |    380039 | NS      | $1975624.41   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                | BP plc                                                                | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   1450053 | NS      | $9194144.86   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                               | ISS A/S                                                               | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |     67686 | NS      | $2566970.77   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Securities Co. Ltd.                           | Samsung Securities Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |     42734 | NS      | $2682334.96   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co. AB                                          | Telia Co. AB                                                          | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    618220 | NS      | $2824314.59   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Baroda                                        | Bank of Baroda                                                        | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |    676019 | NS      | $2203028.07   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinese Renminbi (Yuan)                               | Chinese Renminbi (Yuan)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |      2340 | OU      | $336.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hisense Home Appliances Group Co. Ltd.                | Hisense Home Appliances Group Co. Ltd.                                | CUSIP: N/A<br>LEI: 529900PRGESPUBUBN103       | Long             | EC               | CORP              | CN        |    590000 | NS      | $1733364.05   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| doValue SpA                                           | doValue SpA                                                           | CUSIP: N/A<br>LEI: 8156007AF7DB5FE05555       | Long             | EC               | CORP              | IT        |    710420 | NS      | $2207803.74   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Japanese Yen                                          | Japanese Yen                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |   3674441 | OU      | $23742.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co. Ltd.                                   | SK Telecom Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     56295 | NS      | $2837041.24   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsubakimoto Chain Co.                                 | Tsubakimoto Chain Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    154500 | NS      | $2370010.14   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co. Ltd.                             | Great Wall Motor Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |   1084500 | NS      | $1839406.18   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                                       | Canadian Dollar                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |    152746 | OU      | $112176.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                   | Societe Generale SA                                                   | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     57132 | NS      | $5006449.30   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co. Ltd.                                    | Osaka Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |    104400 | NS      | $3919454.12   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co. Ltd.                             | Open House Group Co. Ltd.                                             | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |     37000 | NS      | $2177146.16   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries Ltd.                     | Sumitomo Electric Industries Ltd.                                     | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     43800 | NS      | $1917543.85   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                       | Danske Bank A/S                                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     89452 | NS      | $4557403.20   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd.                                       | Absa Group Ltd.                                                       | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    220243 | NS      | $3470493.53   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals, Inc.                                      | DPM Metals, Inc.                                                      | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     75789 | NS      | $2644391.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp.                                   | Toyota Tsusho Corp.                                                   | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |    128900 | NS      | $4694440.02   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| China Oilfield Services Ltd.                          | China Oilfield Services Ltd., Class H                                 | CUSIP: N/A<br>LEI: 529900J4X53VL8QQW675       | Long             | EC               | CORP              | CN        |   2042000 | NS      | $2244236.87   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd.                                     | Lenovo Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1818000 | NS      | $2048365.24   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd.                                    | Nedbank Group Ltd.                                                    | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |    159496 | NS      | $2619866.51   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec plc                                          | Investec plc                                                          | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |    276278 | NS      | $2298513.61   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencore Group plc                                   | Greencore Group plc                                                   | CUSIP: N/A<br>LEI: 635400GGBEWULJXM5868       | Long             | EC               | CORP              | IE        |    627024 | NS      | $2483876.10   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SpA                                        | BPER Banca SpA                                                        | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    247121 | NS      | $3480313.85   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Coal Energy Co. Ltd.                            | China Coal Energy Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |   1901000 | NS      | $2782251.18   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                             | Avolta AG                                                             | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |     32294 | NS      | $1977087.21   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                   | Intesa Sanpaolo SpA                                                   | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   1319367 | NS      | $9340315.92   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co. Ltd.                           | JB Financial Group Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    132153 | NS      | $2305775.80   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                        | BHP Group Ltd.                                                        | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    417504 | NS      | $14379824.94  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                 | Sumitomo Mitsui Financial Group, Inc.                                 | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    329300 | NS      | $11588215.55  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                                      | Unicaja Banco SA                                                      | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |    600317 | NS      | $2057218.24   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Korean Air Lines Co. Ltd.                             | Korean Air Lines Co. Ltd.                                             | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               | CORP              | KR        |    131394 | NS      | $2118483.89   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd.                                          | Vedanta Ltd.                                                          | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    400071 | NS      | $2958843.97   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                            | CK Hutchison Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |    451500 | NS      | $3640582.96   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                     | PICC Property & Casualty Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   1240000 | NS      | $2567045.32   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hysan Development Co. Ltd.                            | Hysan Development Co. Ltd.                                            | CUSIP: N/A<br>LEI: 5299007BABFLKIH9HL03       | Long             | EC               | CORP              | HK        |    880000 | NS      | $2416811.98   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                      | Fubon Financial Holding Co. Ltd.                                      | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |   1311000 | NS      | $3764642.65   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| First Pacific Co. Ltd.                                | First Pacific Co. Ltd.                                                | CUSIP: N/A<br>LEI: 254900VS1MDQSDM9DE09       | Long             | EC               | CORP              | BM        |   2488000 | NS      | $1946722.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                           | Canara Bank                                                           | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |   1446825 | NS      | $2322150.16   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                      | JPMorgan Prime Money Market Fund, Class IM                            | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  15893326 | NS      | $15899682.83  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                     | New Taiwan Dollar                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |  18521803 | OU      | $588554.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SBM Offshore NV                                       | SBM Offshore NV                                                       | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |     73233 | NS      | $2630547.76   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| F&F Co. Ltd.                                          | F&F Co. Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     42943 | NS      | $2170664.01   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival plc                                          | Carnival plc                                                          | CUSIP: N/A<br>LEI: 4DR1VPDQMHD3N3QW8W95       | Long             | EC               | CORP              | GB        |     60907 | NS      | $1809125.02   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                    | Banco del Bajio SA                                                    | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |    631881 | NS      | $1848711.12   | 0.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                  | Mitsubishi UFJ Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    930500 | NS      | $16851698.01  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                        | OTP Bank Nyrt.                                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     28100 | NS      | $3535880.52   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Modec, Inc.                                           | Modec, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     38100 | NS      | $3715415.81   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co. Ltd.                                      | Niterra Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |     61900 | NS      | $2706384.18   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                 | Kioxia Holdings Corp.                                                 | CUSIP: N/A<br>LEI: 35380080RTKRARNH4R73       | Long             | EC               | CORP              | JP        |     32100 | NS      | $4390842.93   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronet LNG Ltd.                                     | Petronet LNG Ltd.                                                     | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |    503437 | NS      | $1587771.23   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.             | Ping An Insurance Group Co. of China Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    630500 | NS      | $5848109.14   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hochschild Mining plc                                 | Hochschild Mining plc                                                 | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | GB        |    291939 | NS      | $2634618.98   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey plc                                   | Johnson Matthey plc                                                   | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |     63305 | NS      | $2047147.63   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund         | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |   7143366 | NS      | $7143365.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                           | Bharat Petroleum Corp. Ltd.                                           | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    660648 | NS      | $2619171.93   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Keller Group plc                                      | Keller Group plc                                                      | CUSIP: N/A<br>LEI: 549300QO4MBL43UHSN10       | Long             | EC               | CORP              | GB        |     60010 | NS      | $1455072.19   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                                  | Royal Bank of Canada                                                  | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     25259 | NS      | $4205721.35   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocommercial Properties NV                          | Eurocommercial Properties NV                                          | CUSIP: N/A<br>LEI: 724500SFK53FPNM68L95       | Long             | EC               | CORP              | NL        |     48627 | NS      | $1434457.49   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                   | Erste Group Bank AG                                                   | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     38981 | NS      | $5067879.38   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co. Ltd.              | Samsung Fire & Marine Insurance Co. Ltd.                              | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |     10449 | NS      | $3636896.62   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings, Inc.                                 | Nomura Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |    530100 | NS      | $4803945.83   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Chen Corp.                                        | Pou Chen Corp.                                                        | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |   1983000 | NS      | $1916734.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                            | Vonovia SE                                                            | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |    110092 | NS      | $3223415.59   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                                   | Perseus Mining Ltd.                                                   | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    635444 | NS      | $2447409.06   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                       | Norsk Hydro ASA                                                       | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    349703 | NS      | $3104622.84   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Lung Properties Ltd.                             | Hang Lung Properties Ltd.                                             | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |   1568000 | NS      | $1892063.61   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                | TIM SA                                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    504261 | NS      | $2342726.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| South Korea Won                                       | South Korea Won                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |       131 | OU      | $0.09         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Livzon Pharmaceutical Group, Inc.                     | Livzon Pharmaceutical Group, Inc., Class H                            | CUSIP: N/A<br>LEI: 529900Y4GWTVVTORJ443       | Long             | EC               | CORP              | CN        |    557800 | NS      | $2099220.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                      | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     60130 | NS      | $27343511.77  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                            | Allianz SE (Registered)                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     31327 | NS      | $13793972.73  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                     | Huayu Automotive Systems Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |    802600 | NS      | $2217423.74   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| UACJ Corp.                                            | UACJ Corp.                                                            | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |    182900 | NS      | $2894853.83   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitian International Holdings Ltd.                   | Haitian International Holdings Ltd.                                   | CUSIP: N/A<br>LEI: 30030093DDRS825TVP62       | Long             | EC               | CORP              | KY        |    646000 | NS      | $1998391.69   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                          | Ooredoo QPSC                                                          | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    588024 | NS      | $2293309.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Currys plc                                            | Currys plc                                                            | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |   1870518 | NS      | $3748620.70   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| National Aluminium Co. Ltd.                           | National Aluminium Co. Ltd.                                           | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    945764 | NS      | $3940863.81   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                    | Credit Agricole SA                                                    | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    159670 | NS      | $3457882.36   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Australian Dollar                                     | Australian Dollar                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |         0 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                      | Skandinaviska Enskilda Banken AB, Class A                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |    210160 | NS      | $4517271.63   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank SA                                           | Eurobank SA                                                           | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | EC               | CORP              | GR        |    461390 | NS      | $2254802.89   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                | Hyundai Mobis Co. Ltd.                                                | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |     15297 | NS      | $4779653.64   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Rupee                                          | Indian Rupee                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |   4002667 | OU      | $43513.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sojitz Corp.                                          | Sojitz Corp.                                                          | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |     62200 | NS      | $2268142.43   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Japfa Comfeed Indonesia Tbk. PT                       | Japfa Comfeed Indonesia Tbk. PT                                       | CUSIP: N/A<br>LEI: 549300VJMRP8O87R3147       | Long             | EC               | CORP              | ID        |  11845500 | NS      | $1957301.32   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                             | Shell plc                                                             | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    478473 | NS      | $18392268.24  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SACA                                        | Vallourec SACA                                                        | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |     87653 | NS      | $1860248.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                         | AIB Group plc                                                         | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    320751 | NS      | $3585400.51   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                   | Heineken Holding NV                                                   | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |     56529 | NS      | $4201752.59   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                | Petroleo Brasileiro SA (Preference)                                   | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    987914 | NS      | $7071344.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Rika Co. Ltd.                                   | Tokai Rika Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     99300 | NS      | $2012670.43   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambea AB                                              | Ambea AB                                                              | CUSIP: N/A<br>LEI: 549300AEVNZRHYI5HV24       | Long             | EC               | CORP              | SE        |    183979 | NS      | $2808997.36   | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Marubeni Corp.                                        | Marubeni Corp.                                                        | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    185500 | NS      | $6148982.71   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                      | ABN AMRO Bank NV                                                      | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     99107 | NS      | $3651427.00   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                    | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    516624 | NS      | $13113815.89  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicat SACA                                            | Vicat SACA                                                            | CUSIP: N/A<br>LEI: 9695009YI1863TOVDP79       | Long             | EC               | CORP              | FR        |     34444 | NS      | $3191596.65   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Brilliance China Automotive Holdings Ltd.             | Brilliance China Automotive Holdings Ltd.                             | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | BM        |   3688000 | NS      | $1906857.05   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                             | Loomis AB                                                             | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |     40885 | NS      | $1696574.45   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | HD Korea Shipbuilding & Offshore Engineering Co. Ltd.                 | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      8317 | NS      | $2382270.73   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                           | Tokio Marine Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |    102100 | NS      | $3805527.26   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd.                                 | Swire Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |    677000 | NS      | $2052022.41   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                    | Toyota Motor Corp.                                                    | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    409500 | NS      | $9281525.19   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co. Ltd.                               | Tokyo Tatemono Co. Ltd.                                               | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |    119400 | NS      | $2809749.26   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                              | KB Financial Group, Inc.                                              | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     45569 | NS      | $4265222.91   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Foods plc                                     | Premier Foods plc                                                     | CUSIP: N/A<br>LEI: 213800ZD5I8XHNMCJA67       | Long             | EC               | CORP              | GB        |    922778 | NS      | $2383946.02   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV plc                                               | ITV plc                                                               | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |   1569511 | NS      | $1749918.87   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Real                                        | Brazilian Real                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |         0 | OU      | $0.05         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd.                                         | WH Group Ltd.                                                         | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   2333000 | NS      | $2753163.39   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Primax Electronics Ltd.                               | Primax Electronics Ltd.                                               | CUSIP: N/A<br>LEI: 254900JO4CQFFG7AIQ15       | Long             | EC               | CORP              | TW        |    653000 | NS      | $1628758.53   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                             | Buzzi SpA                                                             | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     32604 | NS      | $1855871.94   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                        | Cia Energetica de Minas Gerais (Preference)                           | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EC               | CORP              | BR        |   1135366 | NS      | $2474494.90   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Dollar                                      | Singapore Dollar                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SG        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp.                              | Manulife Financial Corp.                                              | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |    175881 | NS      | $6699921.03   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co. Ltd.                               | Mitsui Fudosan Co. Ltd.                                               | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |    230000 | NS      | $2637388.20   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                         | UniCredit SpA                                                         | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     89857 | NS      | $7830683.41   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Genius Electronic Optical Co. Ltd.                    | Genius Electronic Optical Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    117000 | NS      | $1674330.17   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                | Standard Chartered plc                                                | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    168108 | NS      | $4301283.81   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                         | China Construction Bank Corp., Class H                                | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   5297000 | NS      | $5348541.76   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp.                                        | Obayashi Corp.                                                        | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |    154600 | NS      | $3489835.73   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk. PT                               | United Tractors Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |   1634400 | NS      | $2546162.82   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                                    | Azimut Holding SpA                                                    | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |     53516 | NS      | $2260727.27   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.                | Sumitomo Realty & Development Co. Ltd.                                | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |    168400 | NS      | $4689435.73   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                      | ArcelorMittal SA                                                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     83395 | NS      | $4529022.42   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                           | MOL Hungarian Oil & Gas plc                                           | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |    277193 | NS      | $3385343.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA          | Cie Generale des Etablissements Michelin SCA                          | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |    124497 | NS      | $4623275.65   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| JOST Werke SE                                         | JOST Werke SE                                                         | CUSIP: N/A<br>LEI: 529900G977BSS7DATK68       | Long             | EC               | CORP              | DE        |     14343 | NS      | $1063840.67   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SK Hynix, Inc.                                        | SK hynix, Inc.                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      6113 | NS      | $3816819.50   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                            | ORIX Corp.                                                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    181600 | NS      | $5534333.32   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| H Lundbeck A/S                                        | H Lundbeck A/S                                                        | CUSIP: N/A<br>LEI: 5493006R4KC2OI5D3470       | Long             | EC               | CORP              | DK        |    466726 | NS      | $3129096.63   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp.                                           | Inpex Corp.                                                           | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    213000 | NS      | $4772098.18   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                         | Rio Tinto plc                                                         | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    138104 | NS      | $12599826.56  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp.                           | KDX Realty Investment Corp.                                           | CUSIP: N/A<br>LEI: 353800FFT483NCIHFY42       | Long             | EC               | CORP              | JP        |      1482 | NS      | $1603281.91   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                          | Centrica plc                                                          | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   1169508 | NS      | $3062369.23   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaneng Power International, Inc.                     | Huaneng Power International, Inc., Class H                            | CUSIP: N/A<br>LEI: 529900WU0SMVKMPG4V21       | Long             | EC               | CORP              | CN        |   2484000 | NS      | $1811094.14   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BGF retail Co. Ltd.                                   | BGF retail Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     21897 | NS      | $1844064.82   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                          | Kumho Petrochemical Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     22238 | NS      | $2221140.36   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                         | Banco BPM SpA                                                         | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |    212303 | NS      | $3182277.81   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans N.V.                             | Koninklijke Heijmans N.V.                                             | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |     34124 | NS      | $2780437.52   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                    | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |     53702 | NS      | $3277433.06   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                      | Telkom Indonesia Persero Tbk. PT                                      | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |  12551600 | NS      | $2683035.13   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                      | TotalEnergies SE                                                      | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    168023 | NS      | $12220105.24  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                | Emirates NBD Bank PJSC                                                | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    374978 | NS      | $3175443.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                              | Engie SA                                                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    210458 | NS      | $6283526.40   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                           | Bayerische Motoren Werke AG                                           | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     39907 | NS      | $4109636.65   | 0.30%             |  |  |  | No            |                  2 | On Loan: —       |
| Nestle SA                                             | Nestle SA (Registered)                                                | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    188766 | NS      | $18013288.57  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                          | KBC Group NV                                                          | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     31674 | NS      | $4463362.28   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Sindall Group plc                              | Morgan Sindall Group plc                                              | CUSIP: N/A<br>LEI: 2138008339ULDGZRB345       | Long             | EC               | CORP              | GB        |     33542 | NS      | $2262731.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                                    | Telekom Austria AG                                                    | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |    193812 | NS      | $2060723.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AL Sydbank                                            | AL Sydbank                                                            | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |     20606 | NS      | $1866170.81   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hornbach Holding AG & Co. KGaA                        | Hornbach Holding AG & Co. KGaA                                        | CUSIP: N/A<br>LEI: 529900EGQZ79V21LBL44       | Long             | EC               | CORP              | DE        |      6027 | NS      | $575907.67    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Petroleum Exploration Co. Ltd.                  | Japan Petroleum Exploration Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |    219000 | NS      | $2696262.57   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp.                         | United Microelectronics Corp.                                         | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |   1176000 | NS      | $2339951.14   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipol Assicurazioni SpA                              | Unipol Assicurazioni SpA                                              | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |    139985 | NS      | $3117714.80   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                           | BOC Hong Kong Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    599500 | NS      | $3156961.47   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                       | Lojas Renner SA                                                       | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    659888 | NS      | $1879572.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.                | Yangzijiang Shipbuilding Holdings Ltd.                                | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |   1232000 | NS      | $3235618.03   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                   | Danieli & C Officine Meccaniche SpA                                   | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |     56282 | NS      | $2903669.04   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd.                           | Cathay Pacific Airways Ltd.                                           | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |   1236000 | NS      | $1937944.65   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                      | China Feihe Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   2858000 | NS      | $1419661.43   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CaixaBank SA                                          | CaixaBank SA                                                          | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    454151 | NS      | $5994879.24   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                   | Deutsche Telekom AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    250090 | NS      | $8392592.61   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                      | PTT Exploration & Production PCL                                      | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    767800 | NS      | $3001499.77   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                           | Novartis AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     22472 | NS      | $3334166.56   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                                  | Sompo Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     91800 | NS      | $3165679.59   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                    | Anglo American plc                                                    | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     99841 | NS      | $4629408.94   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                    | AerCap Holdings NV                                                    | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |     27144 | NS      | $3899507.04   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd.                        | Geely Automobile Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |   1228000 | NS      | $2527830.50   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanematsu Corp.                                       | Kanematsu Corp.                                                       | CUSIP: N/A<br>LEI: 353800N574WR0FX80I71       | Long             | EC               | CORP              | JP        |    140800 | NS      | $1849363.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Paragon Banking Group plc                             | Paragon Banking Group plc                                             | CUSIP: N/A<br>LEI: 213800S1TDKIB1IUTS72       | Long             | EC               | CORP              | GB        |    176913 | NS      | $2149660.66   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-101.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Polish Zloty - New                                    | Polish Zloty - New                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |       116 | OU      | $32.70        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp.                                              | KT Corp.                                                              | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     60504 | NS      | $1265743.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd.                                   | Kumba Iron Ore Ltd.                                                   | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     91945 | NS      | $2049072.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group SA          | International Consolidated Airlines Group SA                          | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    459989 | NS      | $2642673.84   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hello Group, Inc.                                     | Hello Group, Inc.                                                     | CUSIP: 423403104<br>LEI: 549300YMGLID32W48529 | Long             | EC               | CORP              | KY        |    195960 | NS      | $1336447.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                          | Capgemini SE                                                          | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |     22010 | NS      | $3419875.27   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.                     | Nomura Real Estate Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |    308000 | NS      | $2046734.97   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                    | Grupo Financiero Banorte SAB de CV, Class O                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    359629 | NS      | $4054366.31   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                                     | HSBC Holdings plc                                                     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   1388540 | NS      | $24495130.16  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                       | Nordea Bank Abp                                                       | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    326787 | NS      | $6313658.88   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                        | Continental AG                                                        | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |     48967 | NS      | $3853179.16   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                  | EURO                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     42316 | OU      | $50158.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                         | British Pound                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |     33959 | OU      | $46468.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke BAM Groep NV                              | Koninklijke BAM Groep NV                                              | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |    267051 | NS      | $2800754.24   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                     | Isuzu Motors Ltd.                                                     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    185400 | NS      | $2986760.07   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Schaeffler AG                                         | Schaeffler AG                                                         | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | EC               | CORP              | DE        |    139138 | NS      | $1641008.26   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Cibest SA                                       | Grupo Cibest SA (Preference)                                          | CUSIP: N/A<br>LEI: 529900OSSJBGZREZ2C28       | Long             | EC               | CORP              | CO        |    145756 | NS      | $2964884.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA           | Hellenic Telecommunications Organization SA                           | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |    112280 | NS      | $2105860.75   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd.                                       | Coal India Ltd.                                                       | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |    567046 | NS      | $2720053.70   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aiful Corp.                                           | Aiful Corp.                                                           | CUSIP: N/A<br>LEI: 5299005WK14QZ676ZY35       | Long             | EC               | CORP              | JP        |    920000 | NS      | $3271259.49   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker Solutions ASA                                    | Aker Solutions ASA                                                    | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |    583673 | NS      | $2132771.68   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd.                                        | MTN Group Ltd.                                                        | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    318266 | NS      | $3534208.77   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                   | Suncor Energy, Inc.                                                   | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |    128649 | NS      | $6799741.88   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Havas NV                                              | Havas NV                                                              | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | NL        |     98094 | NS      | $2026818.81   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                                     | NatWest Group plc                                                     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    823729 | NS      | $7508112.95   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                             | Repsol SA                                                             | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    182052 | NS      | $3586625.68   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Century Corp.                                   | Tokyo Century Corp.                                                   | CUSIP: N/A<br>LEI: 35380096ZLHOF84DXR74       | Long             | EC               | CORP              | JP        |    126200 | NS      | $1758050.52   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                           | Swiss Re AG                                                           | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |     30132 | NS      | $4814606.66   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                               | Dubai Islamic Bank PJSC                                               | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    441564 | NS      | $1161656.72   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co. Ltd.                         | China Life Insurance Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |   1127000 | NS      | $5015419.87   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                               | SSE plc                                                               | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    146299 | NS      | $4862605.84   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesian Rupiah                                     | Indonesian Rupiah                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ID        |  27475980 | OU      | $1636.94      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                    | Canadian Imperial Bank of Commerce                                    | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     84655 | NS      | $7823585.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                          | DNB Bank ASA                                                          | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    125900 | NS      | $3609976.43   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                      | ASR Nederland NV                                                      | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     33839 | NS      | $2457750.41   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                          | Samsung Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    292872 | NS      | $32354969.56  | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley plc                                           | Beazley plc                                                           | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |    161216 | NS      | $2504578.02   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                                  | Tecnicas Reunidas SA                                                  | CUSIP: N/A<br>LEI: 213800JEZBUPZKWJGF49       | Long             | EC               | CORP              | ES        |     65031 | NS      | $2462372.08   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues SA                          | Banco Comercial Portugues SA, Class R                                 | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   2247969 | NS      | $2433210.61   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                      | Deutsche Bank AG (Registered)                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |    153262 | NS      | $6047888.75   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitie Group plc                                       | Mitie Group plc                                                       | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |   1239078 | NS      | $2841645.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Modern Times Group MTG AB                             | Modern Times Group MTG AB, Class B                                    | CUSIP: N/A<br>LEI: 549300E8NDODRSX29339       | Long             | EC               | CORP              | SE        |    140932 | NS      | $1645161.62   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer