# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-016749
**Filing Date:** 2023-1
**Character Count:** 410244
**Document Hash:** fd389b2e11ab4576376a6dd894249bbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016749.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230228

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23563254

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

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

## Series and Classes Contracts Data

### JPMorgan Ultra-Short Income ETF (Series ID: S000054790)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000172198 | JPMorgan Ultra-Short Income ETF | JPST            |

## Nport-Ex

**JPMorgan Ultra-Short Income ETF**

**Schedule of Portfolio Investments as of November 30, 2022**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2022. |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL** <br>**AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — 37.2%** | **Corporate Bonds — 37.2%** | **Corporate Bonds — 37.2%** |
| **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** |
| &nbsp;&nbsp;&nbsp; Boeing Co. (The) 4.51%, 5/1/2023 | 31519000 | 31405142 |
| &nbsp;&nbsp;&nbsp; Leidos, Inc. 2.95%, 5/15/2023 | 46063000 | 45584578 |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp. 3.25%, 8/1/2023 | 37294000 | 36880981 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 113870701 |
| **Automobiles — 1.5%** | **Automobiles — 1.5%** | **Automobiles — 1.5%** |
| &nbsp;&nbsp;&nbsp; BMW US Capital LLC (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 4/6/2023 (a) | 72574000 | 72320137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 9/15/2023 (a) (b) | 3130000 | 3068121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.53%), 4.35%, 4/1/2024 (a) (c) | 22838000 | 22688752 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 2/10/2023 (a) | 9809000 | 9749274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 4/3/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 42540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41842713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 4/6/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 13857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13873351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 6/8/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 9/18/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 2/1/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 6/14/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27868213 |
| &nbsp;&nbsp;&nbsp; Kia Corp. (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 4/25/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8878058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 4/16/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 12580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11798153 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 2/22/2023 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 5/4/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4812173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 3/1/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1065000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008079 |
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 5/12/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 80814000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80065176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/13/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 10686000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10566675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/22/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 14938000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14297065 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 326007765 |
| **Banks — 14.4%** | **Banks — 14.4%** | **Banks — 14.4%** |
| &nbsp;&nbsp;&nbsp; ANZ New Zealand Int'l Ltd. (New Zealand) 1.90%, 2/13/2023 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9732898 |
| &nbsp;&nbsp;&nbsp; ASB Bank Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 6/14/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 13938000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13851014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.97%), 4.24%, 6/14/2023 (a) (b) (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8887000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8893678 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (Spain) 0.88%, 9/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193077 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA (Spain) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 2/23/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 87264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86786553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.09%), 5.78%, 2/23/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6001208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 4/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 65583000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65233364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.12%), 5.04%, 4/12/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3997677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 0.70%, 6/30/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 37000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35800562 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 1/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1907000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1903831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 7/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1096558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.79%), 3.00%, 12/20/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 41219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41170721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.46%), 1.49%, 5/19/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6834000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6708403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.41%), 0.52%, 6/14/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 75060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72843700 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.97%), 3.46%, 3/15/2025 (c) | 2392000 | 2328532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.69%), 0.98%, 4/22/2025 (c) | 42672000 | 39860365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.11%), 3.84%, 4/25/2025 (c) | 75312000 | 73445617 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.68%), 4.51%, 3/10/2023 (c) | 59757000 | 59776720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.27%), 4.09%, 4/14/2023 (c) | 90125000 | 90013521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.35%), 4.18%, 12/8/2023 (c) | 14990000 | 14899910 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 2/1/2023 (b) | 24106000 | 24004138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 5/1/2023 | 12270000 | 12093150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 6/15/2023 | 5025000 | 4905356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.55%, 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160360 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 7/20/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 14865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14717226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65%, 2/27/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5181859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.80%), 1.01%, <br> 12/10/2024 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 29647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28035348 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 3/1/2023 (a) | &nbsp;&nbsp;&nbsp; 212296000 | &nbsp;&nbsp;&nbsp;&nbsp; 211235263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 1/10/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 54645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53717466 |
| &nbsp;&nbsp;&nbsp; BNZ International Funding Ltd. (New Zealand) 3.38%, 3/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 13260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13209252 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.80%), 4.65%, 3/17/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 46199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46215863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.40%), 4.23%, 12/14/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 50032000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49682779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.94%), 4.76%, 4/7/2025 (b) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 95598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94504105 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 3/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.67%), 1.68%, 5/15/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.02%), 4.04%, 6/1/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921393 |
| &nbsp;&nbsp;&nbsp; Citizens Bank NA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 3/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 58330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58096188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.95%), 4.59%, 3/29/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 16770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16782711 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia (Australia) (ICE LIBOR USD 3 Month + 0.70%), 4.18%, 3/16/2023 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5304324 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA (Netherlands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 9/26/2023 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2814623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 1/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.30%), 4.12%, 1/12/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 60834000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60485421 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 4/24/2023 (a) | &nbsp;&nbsp;&nbsp; 119265000 | &nbsp;&nbsp;&nbsp;&nbsp; 118494849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.02%), 5.34%, 4/24/2023 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1916000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1918801 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA (Norway) 2.15%, 12/2/2022 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 35121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35121000 |
| &nbsp;&nbsp;&nbsp; Federation des Caisses Desjardins du Quebec (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.70%, 5/21/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 26044000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24332013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.43%), 4.24%, 5/21/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 41345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40832423 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 5/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 18545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18277193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 1/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2699012 |
| &nbsp;&nbsp;&nbsp; First Republic Bank (SOFR + 0.62%), 1.91%, 2/12/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587015 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 5/25/2023 | 5436000 | 5397228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.53%), 0.73%, 8/17/2024 (c) | 63688000 | 60969327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.71%), 0.98%, 5/24/2025 (c) | 59681000 | 54900297 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (Netherlands) 4.10%, 10/2/2023 | 14532000 | 14388615 |
| &nbsp;&nbsp;&nbsp; KeyBank NA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 3/10/2023 | 3444000 | 3411841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.32%), 0.43%, 6/14/2024 (c) | 68003000 | 66047772 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 8/16/2023 | 27349000 | 27098986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.55%), 0.70%, 5/11/2024 (c) | 45000000 | 43914752 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. (ICE LIBOR USD 3 Month + 0.68%), 5.01%, 7/26/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7003659 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 3/2/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 44340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44177857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 7/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 19164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18984820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.86%), 5.19%, 7/26/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1597001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 9/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1218993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.68%), 0.85%, 9/15/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 47145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45322476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 0.96%, 10/11/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 33780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31000754 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 3/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 16442000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16383712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.79%), 3.95%, 3/5/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 13182000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13188609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.63%), 5.39%, 5/25/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9933647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.25%), 1.24%, 7/10/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18460483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.87%), 0.85%, 9/8/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 63901000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61388165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.00%), 3.92%, 9/11/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 27646000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27204859 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd. (Japan) 4.10%, 9/9/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197676 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.41%), 3.66%, 12/13/2022 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3563000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3562645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 1/20/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5588084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 4/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3323224 |
| &nbsp;&nbsp;&nbsp; National Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 2/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 68667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68389052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.01%), 3.75%, 6/9/2025 (b) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 45529000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44318838 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 9/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 73172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72289695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.15%), 2.36%, 5/22/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 1.76%), 4.27%, 3/22/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 10045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9774115 |
| &nbsp;&nbsp;&nbsp; NatWest Markets plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 5/21/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 12650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12437692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.53%), 4.34%, 8/12/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 19015000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18712357 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 6/9/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 17512000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17142647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 8/30/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 20954000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20686278 |
| &nbsp;&nbsp;&nbsp; PNC Bank NA 3.50%, 6/8/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2978005 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The) 3.50%, 1/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8962900 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477492 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 4/17/2023 | 26338000 | 26024728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.45%), 4.26%, 10/26/2023 (c) | 33530000 | 33372403 |
| &nbsp;&nbsp;&nbsp; Santander UK plc (United Kingdom) 2.10%, 1/13/2023 | 21152000 | 21073591 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB (Sweden) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/12/2022 (a) | 10957000 | 10948476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.55%, 9/1/2023 (a) | 1060000 | 1023059 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 9/14/2023 (a) | 21607000 | 21370662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 3/28/2024 (a) | 15819000 | 15450632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 10/16/2024 (a) | 20595000 | 19400129 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.78%), 0.99%, 1/12/2025 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9341980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.88%), 1.21%, 3/23/2025 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11247578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.74%), 5.56%, 3/30/2026 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 10609000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10450526 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4919000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4907983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.74%), 4.82%, 1/17/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3374899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 7/19/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2154465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 10/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9885963 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 9/12/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 20499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19790840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85%, 3/25/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 23302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21975636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.44%), 4.27%, 9/16/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 33827000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33579285 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 12/1/2022 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3189000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 53078000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52855872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.24%), 4.06%, 1/6/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 73141000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73126372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.48%), 4.29%, 1/27/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 29380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29383833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.30%, 6/2/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3714000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3632727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.22%), 4.05%, 6/2/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 84848000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84640801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 6/12/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 48222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47188585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.45%, 9/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529030 |
| &nbsp;&nbsp;&nbsp; Truist Bank (SOFR + 0.20%), 4.02%, 1/17/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 99246000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98342322 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp. 2.20%, 3/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2946000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2925787 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 1/24/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.60%), 1.65%, 6/2/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 51914000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50975443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.51%), 0.80%, 5/19/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 19800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18454194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.32%), 3.91%, 4/25/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 24500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23738468 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/11/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 18091000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18061158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1136829 |
|  |  | &nbsp;&nbsp; 3226787548 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners plc (United Kingdom) 0.50%, 5/5/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 54995000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53814537 |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc. 3.60%, 5/9/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 14562000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14275250 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Beverages — continued** | **Beverages — continued** | **Beverages — continued** |
| &nbsp;&nbsp;&nbsp; Heineken NV (Netherlands) 2.75%, 4/1/2023 (a) | 15352000 | 15222926 |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. 3.13%, 12/15/2023 | 7035000 | 6892860 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90205573 |
| **Building Products — 0.0% ^** | **Building Products — 0.0% ^** | **Building Products — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. 0.55%, 9/1/2023 | 2027000 | 1955842 |
| **Capital Markets — 3.6%** | **Capital Markets — 3.6%** | **Capital Markets — 3.6%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The)  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 1/27/2023 | 1210000 | 1205218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 1/29/2023 | 396000 | 394799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 4/28/2023 | 1018000 | 1012668 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The)  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 1/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3487802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.50%), 4.32%, 3/18/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1642000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1630843 |
| &nbsp;&nbsp;&nbsp; Credit Suisse AG (Switzerland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 5/5/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8364375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series FXD, 0.52%, 8/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47642181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.39%), 4.20%, 2/2/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 40999000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38994149 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The)  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.52%, 3/8/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 32717000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32354793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.57%), 0.67%, 3/8/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 77500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76353613 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd. (Australia) (SOFR + 0.30%), 4.12%, 4/6/2023 (a) (c) | &nbsp;&nbsp;&nbsp; 140000000 | &nbsp;&nbsp;&nbsp;&nbsp; 139917400 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 1/23/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 11278000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11256365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 2/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5486085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.47%), 4.29%, 11/10/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 21754000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21657086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.46%), 0.53%, 1/25/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8282650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.62%), 0.73%, 4/5/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 38073000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37317373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.16%), 3.62%, 4/17/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 95300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92883159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.53%), 0.79%, 5/30/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23164606 |
| &nbsp;&nbsp;&nbsp; State Street Corp. 3.70%, 11/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6479000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6404308 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 6/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 61462000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60046897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.36%), 4.17%, 2/9/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 23894000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23732948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.45%), 4.26%, 8/9/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 30423000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30144011 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Switzerland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.83%), 1.01%, 7/30/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 36500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35377209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.60%), 4.49%, 8/5/2025 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 71499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70029114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.55%), 4.49%, 5/12/2026 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 33653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32792249 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 809931901 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| &nbsp;&nbsp;&nbsp; Air Liquide Finance SA (France) 2.25%, 9/27/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 17489000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17054292 |
| &nbsp;&nbsp;&nbsp; Chevron Phillips Chemical Co. LLC 3.30%, 5/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4703000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4655382 |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd. (Canada) 1.90%, 5/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 22880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22525751 |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co. (The) 4.05%, 8/8/2024 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 10400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10236621 |
| &nbsp;&nbsp;&nbsp; Westlake Corp. 0.88%, 8/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4583000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4252549 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58724595 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. 0.65%, 7/15/2023 | 16655000 | 16182274 |
| **Consumer Finance — 3.2%** | **Consumer Finance — 3.2%** | **Consumer Finance — 3.2%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC (Ireland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 7/3/2023 | 20510000 | 20325701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 10/29/2023 | 57979000 | 55406094 |
| &nbsp;&nbsp;&nbsp; American Express Co.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 12/2/2022 | 5685000 | 5685000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 2/27/2023 | 5495000 | 5480294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.65%), 5.39%, 2/27/2023 (c) | 834000 | 833638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 8/3/2023 | 3130000 | 3104939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 11/3/2023 | 514000 | 494555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 5/3/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 13210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12949857 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.15%), 4.81%, 2/22/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 99001000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99029298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.35%, 4/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7431000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7306277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 5/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 14987000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14808086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 7/7/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9506000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9273544 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.72%), 5.13%, 1/30/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 890982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 5/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 95472000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94436640 |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 5/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65%, 7/7/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 16000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15613302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960038 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.20%), 5.01%, 11/17/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 23000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22902244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%, 3/8/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 18436000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17440321 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital Services, Inc. (South Korea) 0.75%, 9/15/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 13658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12986197 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 1/27/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.12%), 3.94%, 7/10/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 57027000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56914006 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.39%), 4.30%, 1/11/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 19370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19360623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.20%), 4.00%, 2/13/2023 (b) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 74615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74577692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40%, 4/6/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 68327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67333022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.75%), 4.55%, 7/25/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 64017000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64061693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.45%, 1/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.33%), 4.15%, 1/11/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 41950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41818605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 725989552 |
| **Diversified Financial Services — 1.6%** | **Diversified Financial Services — 1.6%** | **Diversified Financial Services — 1.6%** |
| &nbsp;&nbsp;&nbsp; AIG Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 7/7/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8101370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40%, 9/13/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 39623000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38193603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.38%), 4.21%, 12/15/2023 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 48943000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48812780 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Holdings, Inc. 0.75%, 6/7/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 29285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27482424 |
| &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. (Canada) 1.60%, 4/6/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 15298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14461616 |
| &nbsp;&nbsp;&nbsp; Jackson Financial, Inc. 1.13%, 11/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 24823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23801751 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Diversified Financial Services — continued** | **Diversified Financial Services — continued** | **Diversified Financial Services — continued** |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative Finance Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, (ICE LIBOR USD 3 Month + 0.07%), 4.71%, 2/16/2023 (c) | 65911000 | 65945951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.40%), 4.21%, 8/7/2023 (b) (c) | 11905000 | 11860819 |
| &nbsp;&nbsp;&nbsp; NTT Finance Corp. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.37%, 3/3/2023 (a) (b) | 84476000 | 83494389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.58%, 3/1/2024 (a) | 320000 | 302896 |
| &nbsp;&nbsp;&nbsp; Siemens Financieringsmaatschappij NV (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40%, 3/11/2023 (a) | 14889000 | 14716858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.43%), 4.26%, 3/11/2024 (a) (c) | 23914000 | 23746602 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 360921059 |
| **Diversified Telecommunication Services — 0.2%** | **Diversified Telecommunication Services — 0.2%** | **Diversified Telecommunication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. (SOFRINDX + 0.64%), 4.46%, 3/25/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 24755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24571607 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom International Finance BV (Germany) 2.49%, 9/19/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 15070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14765248 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39336855 |
| **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** |
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. Series M, 0.75%, 11/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9684000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9279220 |
| &nbsp;&nbsp;&nbsp; Emera US Finance LP (Canada) 0.83%, 6/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 11121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10307749 |
| &nbsp;&nbsp;&nbsp; Entergy Louisiana LLC 0.62%, 11/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8973024 |
| &nbsp;&nbsp;&nbsp; Eversource Energy  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 5/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 14173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14048450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series T, (SOFRINDX + 0.25%), 4.06%, 8/15/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 22322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22228129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series N, 3.80%, 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171938 |
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co. (SOFRINDX + 0.38%), 4.20%, 1/12/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 49271000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48780471 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.27%), 4.93%, 2/22/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 31052000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31045110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65%, 3/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 30294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29983938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.54%), 4.37%, 3/1/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 20905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20888419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.40%), 4.21%, 11/3/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4957289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 9/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 13097000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12927346 |
| &nbsp;&nbsp;&nbsp; Virginia Electric and Power Co. Series C, 2.75%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 11008000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10941616 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 224532699 |
| **Electronic Equipment, Instruments & Components — 0.3%** | **Electronic Equipment, Instruments & Components — 0.3%** | **Electronic Equipment, Instruments & Components — 0.3%** |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. 1.25%, 8/9/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 24822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22963319 |
| &nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc. 0.65%, 4/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 51537000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50673812 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73637131 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. 3.30%, 3/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 20386000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19843961 |
| &nbsp;&nbsp;&nbsp; TWDC Enterprises 18 Corp. 2.35%, 12/1/2022 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5400000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25243961 |
| **Food & Staples Retailing — 0.5%** | **Food & Staples Retailing — 0.5%** | **Food & Staples Retailing — 0.5%** |
| &nbsp;&nbsp;&nbsp; 7-Eleven, Inc. 0.63%, 2/10/2023 (a) | &nbsp;&nbsp;&nbsp; 114896000 | &nbsp;&nbsp;&nbsp;&nbsp; 113879170 |
| &nbsp;&nbsp;&nbsp; Kroger Co. (The) 3.85%, 8/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4519907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 118399077 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Food Products — 0.1%** | **Food Products — 0.1%** | **Food Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Conagra Brands, Inc. 0.50%, 8/11/2023 | 23177000 | 22430151 |
| &nbsp;&nbsp;&nbsp; Kellogg Co. 2.65%, 12/1/2023 (b) | 3269000 | 3191881 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25622032 |
| **Gas Utilities — 1.0%** | **Gas Utilities — 1.0%** | **Gas Utilities — 1.0%** |
| &nbsp;&nbsp;&nbsp; Atmos Energy Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 3/9/2023 | 55468000 | 54874031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.38%), 3.57%, 3/9/2023 (c) | 92141000 | 92043525 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Resources Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.70%, 3/2/2023 | 25649000 | 25356665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 0.50%), 3.60%, 3/2/2023 (c) | 16053000 | 16040096 |
| &nbsp;&nbsp;&nbsp; ONE Gas, Inc. 0.85%, 3/11/2023 | 24495000 | 24440974 |
| &nbsp;&nbsp;&nbsp; Southern Natural Gas Co. LLC 0.63%, 4/28/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4497012 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 217252303 |
| **Health Care Providers & Services — 0.5%** | **Health Care Providers & Services — 0.5%** | **Health Care Providers & Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; Aetna, Inc. 2.80%, 6/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9649000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9532165 |
| &nbsp;&nbsp;&nbsp; AmerisourceBergen Corp. 0.74%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 19780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19538534 |
| &nbsp;&nbsp;&nbsp; Cigna Corp. (ICE LIBOR USD 3 Month + 0.89%), 4.97%, 7/15/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 14963000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14995634 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 12/1/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6928000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6928000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 1/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6153785 |
| &nbsp;&nbsp;&nbsp; Humana, Inc.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 12/1/2022 | &nbsp;&nbsp;&nbsp;&nbsp; 15124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15124000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/15/2022 | &nbsp;&nbsp;&nbsp;&nbsp; 21770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21755561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65%, 8/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 16792000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16295214 |
| &nbsp;&nbsp;&nbsp; Laboratory Corp. of America Holdings 4.00%, 11/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1877257 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 112200150 |
| **Hotels, Restaurants & Leisure — 0.0% ^** | **Hotels, Restaurants & Leisure — 0.0% ^** | **Hotels, Restaurants & Leisure — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. 2.75%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 980451 |
| **Industrial Conglomerates — 0.0% ^** | **Industrial Conglomerates — 0.0% ^** | **Industrial Conglomerates — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; 3M Co.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 2/14/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 3/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5166855 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5370461 |
| **Insurance — 3.2%** | **Insurance — 3.2%** | **Insurance — 3.2%** |
| &nbsp;&nbsp;&nbsp; Allstate Corp. (The) 3.15%, 6/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1218877 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/13/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 32955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31650312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 1/8/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9099672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 4/16/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 21061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19697268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.70%), 4.50%, 5/24/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 43521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42683620 |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.60%, 6/28/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 11451000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11136872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 12/15/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 43419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41581229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 4/12/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7007000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6575951 |
| &nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 4/6/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243218 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Insurance — continued** | **Insurance — continued** | **Insurance — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.39%), 4.22%, 4/6/2023 (a) (c) | 63649000 | 63536610 |
| &nbsp;&nbsp;&nbsp; Guardian Life Global Funding 3.40%, 4/25/2023 (a) | 500000 | 497765 |
| &nbsp;&nbsp;&nbsp; Jackson National Life Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.60%), 4.42%, 1/6/2023 (a) (c) | 22504000 | 22506138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 1/30/2024 (a) | 21256000 | 20683486 |
| &nbsp;&nbsp;&nbsp; MassMutual Global Funding II 0.85%, 6/9/2023 (a) | 39446000 | 38594619 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 1/10/2023 (a) (b) | 243000 | 242518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%, 6/8/2023 (a) | 12598000 | 12325651 |
| &nbsp;&nbsp;&nbsp; New York Life Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 5/5/2023 (a) (b) | 8899000 | 8762359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.86%, 8/26/2024 (a) | &nbsp;&nbsp;&nbsp; 180500000 | &nbsp;&nbsp;&nbsp;&nbsp; 177372765 |
| &nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. 3.13%, 5/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5337931 |
| &nbsp;&nbsp;&nbsp; Principal Life Global Funding II  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 5/11/2023 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp; 75151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73886159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 1/8/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1046000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994794 |
| &nbsp;&nbsp;&nbsp; Protective Life Global Funding  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.33%, 12/9/2022 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 62913000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62865789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.08%, 6/9/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8062000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7898537 |
| &nbsp;&nbsp;&nbsp; Reliance Standard Life Global Funding II  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 1/21/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9976000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9932487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 9/19/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4298909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/30/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2625675 |
| &nbsp;&nbsp;&nbsp; Swiss Re Treasury U.S. Corp. (Switzerland) 2.88%, 12/6/2022 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 35796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35786786 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 712035997 |
| **IT Services — 0.0% ^** | **IT Services — 0.0% ^** | **IT Services — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. 0.60%, 3/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298930 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. (SOFRINDX + 0.35%), 4.17%, 4/18/2023 (b) (c) | &nbsp;&nbsp;&nbsp; 143174000 | &nbsp;&nbsp;&nbsp;&nbsp; 142951475 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| &nbsp;&nbsp;&nbsp; Daimler Trucks Finance North America LLC (Germany) (SOFR + 1.00%), 4.82%, 4/5/2024 (a) (c) | &nbsp;&nbsp;&nbsp;&nbsp; 58479000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58117775 |
| **Media — 0.0% ^** | **Media — 0.0% ^** | **Media — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Fox Corp. 4.03%, 1/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2477498 |
| **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC (Australia) 4.13%, 5/30/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 28801000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28595768 |
| **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway Energy Co. 3.75%, 11/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1974453 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. (SOFRINDX + 0.65%), 4.46%, 5/13/2024 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 35739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35226115 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. Series A, 0.65%, 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315196 |
| &nbsp;&nbsp;&nbsp; Consumers Energy Co. 3.38%, 8/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4389720 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. Series D, (ICE LIBOR USD 3 Month + 0.53%), 3.82%, 9/15/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 31071000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31007803 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. 0.55%, 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 15845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15285574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88198861 |
| **Oil, Gas & Consumable Fuels — 1.1%** | **Oil, Gas & Consumable Fuels — 1.1%** | **Oil, Gas & Consumable Fuels — 1.1%** |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. (Canada) 2.95%, 1/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 19006000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18990252 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) (SOFR + 0.40%), 4.21%, 2/17/2023 (c) | 29585000 | 29557235 |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC 3.35%, 3/15/2023 | 85829000 | 85431087 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. 2.63%, 3/15/2023 (b) | 18698000 | 18576829 |
| &nbsp;&nbsp;&nbsp; Equinor ASA (Norway) 2.45%, 1/17/2023 | 1130000 | 1126850 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. 1.57%, 4/15/2023 | 48100000 | 47537865 |
| &nbsp;&nbsp;&nbsp; Phillips 66 3.70%, 4/6/2023 | 5000000 | 4987843 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (Saudi Arabia) 1.25%, 11/24/2023 (a) (b) | 8000000 | 7680000 |
| &nbsp;&nbsp;&nbsp; TransCanada PipeLines Ltd. (Canada) 3.75%, 10/16/2023 | 25013000 | 24670594 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 238558555 |
| **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** |
| &nbsp;&nbsp;&nbsp; AstraZeneca plc (United Kingdom) 0.30%, 5/26/2023 (b) | 105787000 | 103483171 |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. 3.25%, 2/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408933 |
| &nbsp;&nbsp;&nbsp; Shire Acquisitions Investments Ireland DAC 2.88%, 9/23/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127528 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. (Japan) 4.40%, 11/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322494 |
| &nbsp;&nbsp;&nbsp; Zoetis, Inc. 3.25%, 2/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 33982000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33883744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 138225870 |
| **Road & Rail — 0.4%** | **Road & Rail — 0.4%** | **Road & Rail — 0.4%** |
| &nbsp;&nbsp;&nbsp; Burlington Northern Santa Fe LLC 3.00%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3856000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3834904 |
| &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. LP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/17/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1175397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 3/14/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 38096000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37815165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 8/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4071000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4031820 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc. 3.40%, 3/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2986632 |
| &nbsp;&nbsp;&nbsp; Triton Container International Ltd. (Bermuda) 0.80%, 8/1/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 22739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21914711 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 4/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6343381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 6/8/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1529131 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79631141 |
| **Semiconductors & Semiconductor Equipment — 0.2%** | **Semiconductors & Semiconductor Equipment — 0.2%** | **Semiconductors & Semiconductor Equipment — 0.2%** |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. 0.31%, 6/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 39037000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38075294 |
| **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** |
| &nbsp;&nbsp;&nbsp; Oracle Corp.  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 2/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp; 39961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39794038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 9/15/2023 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3827000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3748851 |
| &nbsp;&nbsp;&nbsp; VMware, Inc. 0.60%, 8/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 25574000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24765051 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68307940 |
| **Specialty Retail — 0.0% ^** | **Specialty Retail — 0.0% ^** | **Specialty Retail — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. 2.88%, 1/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5086276 |
| **Thrifts & Mortgage Finance — 0.4%** | **Thrifts & Mortgage Finance — 0.4%** | **Thrifts & Mortgage Finance — 0.4%** |
| &nbsp;&nbsp;&nbsp; BPCE SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/11/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4982736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 9/12/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 19526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19186873 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (United Kingdom) 2.00%, 1/27/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 57331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57090000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81259609 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Tobacco — 0.2%** | **Tobacco — 0.2%** | **Tobacco — 0.2%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. 2.95%, 5/2/2023 | 195000 | 193271 |
| &nbsp;&nbsp;&nbsp; Reynolds American, Inc. (United Kingdom) 4.85%, 9/15/2023 | 45368000 | 45227712 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45420983 |
| **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** |
| &nbsp;&nbsp;&nbsp; Air Lease Corp. (ICE LIBOR USD 3 Month + 0.35%), 3.64%, 12/15/2022 (b) (c) | 13922000 | 13915050 |
| **Transportation Infrastructure — 0.0% ^** | **Transportation Infrastructure — 0.0% ^** | **Transportation Infrastructure — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Sydney Airport Finance Co. Pty. Ltd. (Australia) 3.90%, 3/22/2023 (a) | 650000 | 647422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds <br>(Cost $8,451,751,691)<br>|  | &nbsp;&nbsp; 8314956374 |
| **Asset-Backed Securities — 7.2%** | **Asset-Backed Securities — 7.2%** | **Asset-Backed Securities — 7.2%** |
| &nbsp;&nbsp;&nbsp; 522 Funding CLO Ltd. (Cayman Islands) Series 2019-4A, Class AR, 5.32%, 4/20/2030 (a) (d) | 46421224 | 45729594 |
| &nbsp;&nbsp;&nbsp; ACRE Commercial Mortgage Ltd. Series 2021-FL4, Class A, 4.77%, 12/18/2037 (a) (d) | 5197897 | 5043904 |
| &nbsp;&nbsp;&nbsp; Aimco CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-12A, Class XR, 4.71%, 1/17/2032 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3797237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-12A, Class AR, 5.03%, 1/17/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3689000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3616459 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO Ltd. (Cayman Islands) Series 2019-10A, Class AR, 5.38%, 7/22/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4875290 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO Ltd. (Cayman Islands) Series 2016-9A, Class XR, 5.03%, 7/15/2032 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874623 |
| &nbsp;&nbsp;&nbsp; Apidos CLO (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-24A, Class A1AL, 5.19%, 10/20/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34319320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-31A, Class A1R, 5.18%, 4/15/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 28565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27949110 |
| &nbsp;&nbsp;&nbsp; Ares CLO Ltd. (Cayman Islands) Series 2013-2A, Class XR2, 5.32%, 10/28/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3997340 |
| &nbsp;&nbsp;&nbsp; Atlas Senior Loan Fund (Cayman Islands) Series 2019-13A, Class A1NR, 5.40%, 4/22/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9413233 |
| &nbsp;&nbsp;&nbsp; Atlas Senior Loan Fund Ltd. (Cayman Islands) Series 2021-18A, Class X, 5.04%, 1/18/2035 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1733333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1731836 |
| &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO (Cayman Islands) Series 2019-1A, Class X, 5.06%, 4/19/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4197526 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class A1R, 5.25%, 10/20/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20494598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1R, 5.11%, 7/15/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 42764000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41712177 |
| &nbsp;&nbsp;&nbsp; Barings CLO Ltd. (Cayman Islands) Series 2013-IA, Class AR, 5.04%, 1/20/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 26335310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26050073 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-IIA, Class A1R2, 4.95%, 7/15/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 15353504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15145924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-IIIA, Class A1R2, 5.24%, 7/20/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 28191007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27840734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-10A, Class X, 4.84%, 4/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-6BR, Class X, 4.94%, 7/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1499492 |
| &nbsp;&nbsp;&nbsp; BMW Vehicle Lease Trust Series 2021-2, Class A2, 0.19%, 11/27/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3821242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3810536 |
| &nbsp;&nbsp;&nbsp; Buckhorn Park CLO Ltd. (Cayman Islands) Series 2019-1A, Class XR, 4.84%, 7/18/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2916665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2914661 |
| &nbsp;&nbsp;&nbsp; BXMT Ltd. (Cayman Islands) Series 2020-FL3, Class A, 4.88%, 11/15/2037 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 45000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44198055 |
| &nbsp;&nbsp;&nbsp; Capital One Prime Auto Receivables Trust Series 2020-1, Class A3, 1.60%, 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4749089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4696055 |
| &nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-1A, Class AR3, 5.22%, 7/20/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7819220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7682087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-5A, Class A1RR, 5.32%, 1/20/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7321595 |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2A, 0.27%, 6/17/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 447851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4, Class A2A, 0.24%, 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 14941578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14811651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class A2A, 2.81%, 5/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 17275917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17073510 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P3, Class A2, 0.38%, 1/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 18215230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18002855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P4, Class A2, 0.82%, 4/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 10586387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10465312 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-P1, Class A2, 2.57%, 5/12/2025 | 54934930 | 54301591 |
| &nbsp;&nbsp;&nbsp; CBAM Ltd. (Cayman Islands) Series 2017-2A, Class XR, 4.78%, 7/17/2034 (a) (d) | 1875000 | 1874931 |
| &nbsp;&nbsp;&nbsp; CIFC Funding Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class AR, 5.29%, 4/23/2029 (a) (d) | 1874794 | 1851992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-5A, Class A1, 5.26%, 11/16/2030 (a) (d) | 26090000 | 25758135 |
| &nbsp;&nbsp;&nbsp; Cloud Pass-Through Trust Series 2019-1A, Class CLOU, 3.55%, 12/5/2022 (a) (d) | 5875 | 5870 |
| &nbsp;&nbsp;&nbsp; Dell Equipment Finance Trust Series 2021-2, Class A2, 0.33%, 12/22/2026 (a) | 15986374 | 15760495 |
| &nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-47A, Class A1R, 5.06%, 4/15/2028 (a) (d) | 28371277 | 28009714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-36A, Class AR3, 5.10%, 4/15/2029 (a) (d) | 42138787 | 41611673 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO Ltd. (Cayman Islands) Series 2021-3A, Class A, 5.28%, 10/20/2034 (a) (d) | 15000000 | 14559000 |
| &nbsp;&nbsp;&nbsp; Exeter Automobile Receivables Trust Series 2021-3A, Class A3, 0.35%, 2/18/2025 | 1261366 | 1258898 |
| &nbsp;&nbsp;&nbsp; Galaxy CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-15A, Class ARR, 5.05%, 10/15/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 28160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27734080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-22A, Class XRR, 4.98%, 4/16/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2947369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2945642 |
| &nbsp;&nbsp;&nbsp; GM Financial Automobile Leasing Trust Series 2022-2, Class A2, 2.93%, 10/21/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 66081376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65153085 |
| &nbsp;&nbsp;&nbsp; GM Financial Consumer Automobile Receivables Trust Series 2022-1, Class A2, 0.76%, 2/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 16961136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16694187 |
| &nbsp;&nbsp;&nbsp; Goldentree Loan Management US CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-7A, Class XR, 4.74%, 4/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1249955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-12A, Class X, 4.96%, 4/20/2034 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4795805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-14A, Class X, 5.16%, 7/20/2035 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3228750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3228614 |
| &nbsp;&nbsp;&nbsp; Harriman Park CLO Ltd. (Cayman Islands) Series 2020-1A, Class XR, 4.84%, 4/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2499998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2498475 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust Series 2022-C, Class A2A, 4.34%, 1/15/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 48009000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47549515 |
| &nbsp;&nbsp;&nbsp; ICG US CLO Ltd. (Cayman Islands) Series 2016-1A, Class XRR, 5.31%, 4/29/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2736844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2735309 |
| &nbsp;&nbsp;&nbsp; KKR CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 13, Class A1R, 4.88%, 1/16/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3158877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3129711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 28A, Class A, 4.43%, 3/15/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 13479544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13274709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 32A, Class A1, 5.40%, 1/15/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 18000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17731404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 24, Class A1R, 5.32%, 4/20/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9789090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 16, Class X, 4.99%, 10/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3498806 |
| &nbsp;&nbsp;&nbsp; LCM LP (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 20A, Class AR, 5.28%, 10/20/2027 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6700274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6648882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 14A, Class AR, 5.28%, 7/20/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20551316 |
| &nbsp;&nbsp;&nbsp; LCM Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 24A, Class AR, 5.22%, 3/20/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 32198578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31553576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 25A, Class AR, 5.06%, 7/20/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 29678697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29127950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 29A, Class AR, 5.15%, 4/15/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19452640 |
| &nbsp;&nbsp;&nbsp; LMREC LLC Series 2021-CRE4, Class A, 5.09%, 4/22/2037 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 14621743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14283178 |
| &nbsp;&nbsp;&nbsp; Longfellow Place CLO Ltd. (Cayman Islands) Series 2013-1A, Class AR3, 5.08%, 4/15/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6734615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6679230 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding Ltd. (Cayman Islands) Series 2019-36A, Class X, 4.91%, 4/15/2035 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1497722 |
| &nbsp;&nbsp;&nbsp; Magnetite Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2012-7A, Class A1R2, 4.88%, 1/15/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 27573225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27105170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-16A, Class AR, 4.99%, 1/18/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7721503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7655384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-18A, Class AR2, 5.49%, 11/15/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11287665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11121477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-8A, Class AR2, 5.06%, 4/15/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1974188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1939012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-17A, Class AR, 5.34%, 7/20/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3935124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-25A, Class A, 5.56%, 1/25/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 20250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19941653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-19A, Class X, 4.78%, 4/17/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3124884 |
| &nbsp;&nbsp;&nbsp; Marathon CLO Ltd. (Cayman Islands) Series 2019-1A, Class AANR, 5.40%, 4/15/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34318970 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** | **Asset-Backed Securities — continued** |
| &nbsp;&nbsp;&nbsp; Marlette Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, 0.51%, 9/15/2031 (a) | 592023 | 590314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, 1.36%, 4/15/2032 (a) | 2296346 | 2245264 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman CLO (Cayman Islands) Series 2013-15A, Class A1R2, 5.00%, 10/15/2029 (a) (d) | 24276666 | 23896032 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-14A, Class AR2, 5.40%, 1/28/2030 (a) (d) | 15602516 | 15381834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-16SA, Class XR, 4.88%, 4/15/2034 (a) (d) | 5000000 | 4999810 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-26A, Class AR, 5.11%, 10/18/2030 (a) (d) | 24986000 | 24522260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-37A, Class AR, 5.21%, 7/20/2031 (a) (d) | 26036000 | 25502653 |
| &nbsp;&nbsp;&nbsp; Newark BSL CLO 2 Ltd. (Cayman Islands) Series 2017-1A, Class A1R, 5.33%, 7/25/2030 (a) (d) | 30394010 | 29956154 |
| &nbsp;&nbsp;&nbsp; Newark BSL CLO Ltd. (Cayman Islands) Series 2016-1A, Class A1R, 5.46%, 12/21/2029 (a) (d) | 19232992 | 18904762 |
| &nbsp;&nbsp;&nbsp; OCP CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-8RA, Class A1, 5.30%, 1/17/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34313370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-17A, Class A1R, 5.28%, 7/20/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12628525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-9A, Class X, 4.61%, 1/15/2033 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3494638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-19A, Class XR, 4.94%, 10/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468619 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 30 Ltd. (Cayman Islands) Series 2017-1A, Class A1R, 5.24%, 3/17/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34507025 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 7 Ltd. (Cayman Islands) Series 2020-7A, Class XR, 4.66%, 2/24/2037 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779946 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners Ltd. (Cayman Islands) Series 2016-13A, Class XR, 5.13%, 10/25/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1499935 |
| &nbsp;&nbsp;&nbsp; Palmer Square Loan Funding Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1, 5.48%, 2/20/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5424079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5366659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-4A, Class A1, 5.76%, 11/25/2028 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 29122588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28800784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class A1, 5.48%, 5/20/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 26966189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26620293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class A1, 4.88%, 10/15/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 38362393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37800576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class A1, 4.91%, 4/15/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 27577304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27126690 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2022-6, Class A2, 4.37%, 5/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 47523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47238128 |
| &nbsp;&nbsp;&nbsp; Sculptor CLO Ltd. (Cayman Islands) Series 27A, Class X, 5.29%, 7/20/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3999820 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO II Ltd. (Cayman Islands) Series 2013-1A, Class A1R, 5.40%, 1/26/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2391786 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO Ltd. (Cayman Islands) Series 2019-1A, Class AR, 5.32%, 1/20/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7114907 |
| &nbsp;&nbsp;&nbsp; Symphony CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-14A, Class AR, 4.96%, 7/14/2026 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1535891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20A, Class X, 5.08%, 1/16/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-24A, Class A, 5.52%, 1/23/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 28550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28125033 |
| &nbsp;&nbsp;&nbsp; Symphony Static CLO Ltd. (Cayman Islands) Series 2021-1A, Class A, 5.19%, 10/25/2029 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 27995600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27524994 |
| &nbsp;&nbsp;&nbsp; TCI-Symphony CLO Ltd. (Cayman Islands) Series 2017-1A, Class AR, 5.01%, 7/15/2030 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 19894122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19579238 |
| &nbsp;&nbsp;&nbsp; Tesla Auto Lease Trust Series 2020-A, Class A3, 0.68%, 12/20/2023 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1268132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1262957 |
| &nbsp;&nbsp;&nbsp; Venture CLO Ltd. (Cayman Islands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-33A, Class A1LR, 5.14%, 7/15/2031 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11836000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11559890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-36A, Class XR, 4.94%, 4/20/2032 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2735323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-43A, Class X, 5.13%, 4/15/2034 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4996715 |
| &nbsp;&nbsp;&nbsp; Voya CLO Ltd. (Cayman Islands) Series 2015-1A, Class A1R, 5.09%, 1/18/2029 ‡ (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 11677597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11529502 |
| &nbsp;&nbsp;&nbsp; Westlake Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class A2, 0.57%, 9/16/2024 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2247344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2229139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class A3, 0.95%, 6/16/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 20541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19867670 |
| &nbsp;&nbsp;&nbsp; World Omni Select Auto Trust Series 2021-A, Class A2, 0.29%, 2/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3997734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3984597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $1,634,890,490)<br>|  | &nbsp;&nbsp; 1611587389 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Commercial Mortgage-Backed Securities — 1.1%** | **Commercial Mortgage-Backed Securities — 1.1%** | **Commercial Mortgage-Backed Securities — 1.1%** |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust Series 2018-B3, Class A2, 3.85%, 4/10/2051 | 2341507 | 2327471 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class A, 4.58%, 9/15/2036 (a) (d) | 13404255 | 12828852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-VKNG, Class A, 4.81%, 10/15/2037 (a) (d) | 30373970 | 29386743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SOAR, Class A, 4.55%, 6/15/2038 (a) (d) | 23508225 | 22506152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LP2, Class A, 4.81%, 2/15/2039 (a) (d) | 23345626 | 22395575 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2022-IND, Class A, 5.30%, 4/15/2037 (a) (d) | 20888460 | 20292878 |
| &nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-GC11, Class AS, 3.42%, 4/10/2046 | 12950249 | 12839163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-GC25, Class B, 4.34%, 10/10/2047 ‡ (d) | 8626000 | 8143220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B2, Class A2, 3.79%, 3/10/2051 | 6000000 | 5960889 |
| &nbsp;&nbsp;&nbsp; Credit Suisse Mortgage Capital Certificates Series 2019-ICE4, Class A, 4.85%, 5/15/2036 (a) (d) | 28000000 | 27638486 |
| &nbsp;&nbsp;&nbsp; DBGS Mortgage Trust Series 2018-BIOD, Class A, 4.66%, 5/15/2035 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp; 26339209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25742914 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Corp. Trust Series 2021-RENT, Class A, 4.64%, 11/21/2035 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4948778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4757574 |
| &nbsp;&nbsp;&nbsp; Independence Plaza Trust Series 2018-INDP, Class A, 3.76%, 7/10/2035 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9355420 |
| &nbsp;&nbsp;&nbsp; KNDL Mortgage Trust Series 2019-KNSQ, Class A, 4.67%, 5/15/2036 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5522226 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2018-H3, Class A2, 4.00%, 7/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3066264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3033384 |
| &nbsp;&nbsp;&nbsp; SREIT Trust Series 2021-MFP, Class A, 4.61%, 11/15/2038 (a) (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5733088 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust Series 2018-C11, Class A2, 3.99%, 6/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1386839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1372030 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust Series 2018-C46, Class A2, 4.06%, 8/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9099200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8984476 |
| &nbsp;&nbsp;&nbsp; WFRBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-UBS1, Class AS, 4.31%, 3/15/2046 (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6584641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6411887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-C22, Class AS, 4.07%, 9/15/2057 ‡ (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6901000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6563226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Mortgage-Backed Securities <br>(Cost $251,583,686)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 241795654 |
| **U.S. Government Agency Securities — 0.6%** | **U.S. Government Agency Securities — 0.6%** | **U.S. Government Agency Securities — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FFCB Funding Corp. <br>4.88%, 9/25/2023<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5200111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLB <br>4.90%, 11/22/2023<br>| &nbsp;&nbsp;&nbsp; 121670000 | &nbsp;&nbsp;&nbsp;&nbsp; 121642859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Agency Securities <br>(Cost $126,833,654)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 126842970 |
| **Foreign Government Securities — 0.1%** | **Foreign Government Securities — 0.1%** | **Foreign Government Securities — 0.1%** |
| &nbsp;&nbsp;&nbsp; Svensk Exportkredit AB (SOFRINDX + 1.00%), 4.80%, 5/25/2023 (c)(Cost $28,521,732) | &nbsp;&nbsp;&nbsp;&nbsp; 28420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28530738 |
| **Short-Term Investments — 54.2%** | **Short-Term Investments — 54.2%** | **Short-Term Investments — 54.2%** |
| **Certificates of Deposits — 18.2%** | **Certificates of Deposits — 18.2%** | **Certificates of Deposits — 18.2%** |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.87%, 7/21/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 54100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53595627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24894318 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.40%), 4.34%, 2/6/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 91172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91200416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.45%), 4.39%, 3/24/2023 (c) | &nbsp;&nbsp;&nbsp; 153980000 | &nbsp;&nbsp;&nbsp;&nbsp; 154039515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.62%), 4.56%, 8/1/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 74737000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74777044 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) , 3.72%, 3/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 18950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18913694 |
| &nbsp;&nbsp;&nbsp; Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 5/2/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 77750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77323061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 7/28/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 72600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71834648 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Certificates of Deposits — continued** | **Certificates of Deposits — continued** | **Certificates of Deposits — continued** |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA (Netherlands) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.31%), 4.25%, 1/27/2023 (c) | 40547000 | 40552935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 5/17/2023 | 40743000 | 40305951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 5/31/2023 | 69508000 | 68993926 |
| &nbsp;&nbsp;&nbsp; HSBC Bank USA NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.37%), 4.31%, 4/20/2023 (c) | 119515000 | 119497335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 8/10/2023 | 53686000 | 53166820 |
| &nbsp;&nbsp;&nbsp; Lloyds Bank Corporate Markets plc (United Kingdom) (SOFR + 4.54), 4.48%, 3/22/2023 (c) | 70740000 | 70755975 |
| &nbsp;&nbsp;&nbsp; Lloyds Bank plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.68%, 3/17/2023 | 19669000 | 19599211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 6/16/2023 | 17860000 | 17734825 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Trust & Banking Corp. (Japan) (SOFR + 4.36), 4.30%, 3/3/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 40700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40709435 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd. (Japan) , 5.16%, 5/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 91130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91170827 |
| &nbsp;&nbsp;&nbsp; Natixis SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.47%), 4.41%, 3/24/2023 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 94460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94541127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 9/8/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 83095000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82313474 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (Finland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.39%), 4.33%, 12/23/2022 (c) | &nbsp;&nbsp;&nbsp; 183097000 | &nbsp;&nbsp;&nbsp;&nbsp; 183138922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 2/10/2023 | &nbsp;&nbsp;&nbsp; 126407000 | &nbsp;&nbsp;&nbsp;&nbsp; 126166819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 6/8/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 57500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56862723 |
| &nbsp;&nbsp;&nbsp; Nordea Bk Abp Ny Certificate Of Deposit Fixed Dtd (Finland) , 4.14%, 9/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 93036000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92214456 |
| &nbsp;&nbsp;&nbsp; Norinchukin Bank (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.42%), 4.36%, 2/27/2023 (c) | &nbsp;&nbsp;&nbsp; 138462000 | &nbsp;&nbsp;&nbsp;&nbsp; 138520024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 8/15/2023 | &nbsp;&nbsp;&nbsp; 198472000 | &nbsp;&nbsp;&nbsp;&nbsp; 196422322 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. (Singapore) , 5.28%, 7/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 94717000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94717000 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp., Ltd. (Singapore) (SOFR + 4.33), 4.27%, 1/24/2023 (c) | &nbsp;&nbsp;&nbsp; 137489000 | &nbsp;&nbsp;&nbsp;&nbsp; 137524489 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 8/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 73300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72650863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 9/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 81567000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81152850 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB (Sweden) , 2.85%, 6/1/2023 | &nbsp;&nbsp;&nbsp; 155975000 | &nbsp;&nbsp;&nbsp;&nbsp; 154155764 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 5/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7028662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 8/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 54640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54056386 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Banking Corp. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.38%), 4.32%, 12/27/2022 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 12722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12725440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 4/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 39988000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39631621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 4/28/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 46823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46393369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 6/7/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2999000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2966260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.77%), 4.70%, 7/31/2023 (c) | &nbsp;&nbsp;&nbsp; 107685000 | &nbsp;&nbsp;&nbsp;&nbsp; 107799321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 96153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95725887 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken (Sweden) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.29%), 4.23%, 12/22/2022 (c) | &nbsp;&nbsp;&nbsp; 202015000 | &nbsp;&nbsp;&nbsp;&nbsp; 202050134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.01%, 3/22/2023 | &nbsp;&nbsp;&nbsp; 171141000 | &nbsp;&nbsp;&nbsp;&nbsp; 169813464 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden) , 3.46%, 6/13/2023 | &nbsp;&nbsp;&nbsp; 111881000 | &nbsp;&nbsp;&nbsp;&nbsp; 110795539 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.73%, 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 75150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74837837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5344000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5282890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.07%, 7/18/2023 | &nbsp;&nbsp;&nbsp; 143784000 | &nbsp;&nbsp;&nbsp;&nbsp; 142590599 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Certificates of Deposits — continued** | **Certificates of Deposits — continued** | **Certificates of Deposits — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 8/1/2023 | 111800000 | 111775468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 9/12/2023 | 180015000 | 178342148 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland) , 0.46%, 12/2/2022 | 40092000 | 40084905 |
| &nbsp;&nbsp;&nbsp; Woori Bank (South Korea) (SOFR + 4.67), 4.61%, 8/18/2023 (c) | 35134000 | 35143139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit <br>(Cost $4,094,443,382)<br>|  | &nbsp;&nbsp; 4076489465 |
| **Commercial Paper — 22.9%** | **Commercial Paper — 22.9%** | **Commercial Paper — 22.9%** |
| &nbsp;&nbsp;&nbsp; Almntation C-trd Inc Corporate Commercial Paper (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 1/17/2023 (e) | 110000000 | 109312134 |
| &nbsp;&nbsp;&nbsp; Ameren Corp Corporate Commercial Paper Discount |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 1/4/2023 (e) | 400000 | 398254 |
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 2/14/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 30739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30419984 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 2/21/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 65000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64257888 |
| &nbsp;&nbsp;&nbsp; ASB Bank Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 8/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 67001000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64462433 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/20/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 68765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65262617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/22/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 98754000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93694882 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.67%, 1/5/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 31950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31820027 |
| &nbsp;&nbsp;&nbsp; Bofa Securities Inc Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 7/19/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 48267000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46651536 |
| &nbsp;&nbsp;&nbsp; BP Capital Markets plc (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 2/21/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 50200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49606144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 2/22/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 49074000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48482920 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 5/2/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 98836000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96828567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 7/26/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 84793000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81912200 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 12/8/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 12500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12488539 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.81%, 5/17/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 63509000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61964885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 8/9/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8314255 |
| &nbsp;&nbsp;&nbsp; Consolidated Ed Co N Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/5/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 21400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21387751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/6/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24982808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/7/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 30450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30425547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/8/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 16233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16218055 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment Bank (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 5/22/2023 (e) | &nbsp;&nbsp;&nbsp; 189761000 | &nbsp;&nbsp;&nbsp;&nbsp; 185250707 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 2/9/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 20180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20008066 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA (Norway) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 5/24/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 52540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51285206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 5/31/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 72042000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70236964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 8/16/2023 (e) | &nbsp;&nbsp;&nbsp; 196307000 | &nbsp;&nbsp;&nbsp;&nbsp; 189191733 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Commercial Paper — continued** | **Commercial Paper — continued** | **Commercial Paper — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 11/17/2023 (e) | 188329000 | 179088658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 11/22/2023 (e) | 75690000 | 71925028 |
| &nbsp;&nbsp;&nbsp; Dover Corporation Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 1/9/2023 (e) | 66400000 | 66065049 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 12/14/2022 (e) | 30000000 | 29950743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 2/2/2023 (e) | 50000000 | 49574755 |
| &nbsp;&nbsp;&nbsp; Enbridge US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 2/6/2023 (e) | 60235000 | 59672258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 2/7/2023 (e) | 51800000 | 51307753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.93%, 3/6/2023 (e) | 25000000 | 24651533 |
| &nbsp;&nbsp;&nbsp; Enel Finance America LLC (Italy) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%, 1/20/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6496524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%, 1/24/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 96810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96052287 |
| &nbsp;&nbsp;&nbsp; Energy Mo West Inc Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 1/10/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4178236 |
| &nbsp;&nbsp;&nbsp; Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 12/5/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 34500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34480589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 1/6/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 23540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23430885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 1/17/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9938667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 1/25/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8599000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8537108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 2/22/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 18950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18734930 |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 1/10/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 48000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47751267 |
| &nbsp;&nbsp;&nbsp; HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.84%, 1/6/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13939322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 8/1/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7131618 |
| &nbsp;&nbsp;&nbsp; KEB Hana Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 1/17/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 56008000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55694355 |
| &nbsp;&nbsp;&nbsp; Kookmin Bank Rpbl Kore Corporate Commercial Paper (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 3/9/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 76722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75750412 |
| &nbsp;&nbsp;&nbsp; Korea Development Bk Corporate Commercial Paper (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 5/26/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 70956000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69208874 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 2/28/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 38200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37752105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 8/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9373516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/21/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 84979000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80510870 |
| &nbsp;&nbsp;&nbsp; Mizuho Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 1/10/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 11634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11578443 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd. (Japan) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 5/30/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 45800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44641500 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.48%), 4.29%, 1/3/2023 (c) | &nbsp;&nbsp;&nbsp; 193244000 | &nbsp;&nbsp;&nbsp;&nbsp; 193297994 |
| &nbsp;&nbsp;&nbsp; Natixis SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 3/28/2023 (e) | &nbsp;&nbsp;&nbsp; 120852000 | &nbsp;&nbsp;&nbsp;&nbsp; 118975155 |
| &nbsp;&nbsp;&nbsp; Nisource Inc Corporate Commercial Paper Discount |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 1/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29810942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 1/19/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 24750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24590500 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Commercial Paper — continued** | **Commercial Paper — continued** | **Commercial Paper — continued** |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd Corporate Commercial Paper Discount (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 12/12/2022 (e) | 29500000 | 29458277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 12/16/2022 (e) | 25000000 | 24952289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 12/28/2022 (e) | 23600000 | 23518410 |
| &nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/24/2023 (e) | 30000000 | 29785042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/25/2023 (e) | 30000000 | 29779827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/26/2023 (e) | 30000000 | 29774565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/27/2023 (e) | 25000000 | 24807714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/30/2023 (e) | 25000000 | 24795311 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 4/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 63530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62372447 |
| &nbsp;&nbsp;&nbsp; Proctor Gamble Corporate Commercial Paper Discount |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 4/5/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 57850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56908896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 4/19/2023 (e) | &nbsp;&nbsp;&nbsp; 134422000 | &nbsp;&nbsp;&nbsp;&nbsp; 131951996 |
| &nbsp;&nbsp;&nbsp; Quanta Services Inc Corporate Commercial Paper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 12/5/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14990615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 12/12/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8487049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 12/13/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 17900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17870382 |
| &nbsp;&nbsp;&nbsp; Raytheon Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 5/8/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11707228 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.83%, 1/20/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 44300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44034030 |
| &nbsp;&nbsp;&nbsp; Royal Bk Canada Ny Bra Corporate Commercial Paper (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 11/22/2023 (e) | &nbsp;&nbsp;&nbsp; 103570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98134750 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA (France) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 1/4/2023 (e) | &nbsp;&nbsp;&nbsp; 100500000 | &nbsp;&nbsp;&nbsp;&nbsp; 100105161 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 6/6/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 38300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37271143 |
| &nbsp;&nbsp;&nbsp; Suncor Energy, Inc. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 12/19/2022 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34920717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 1/3/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 65000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64724978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 1/10/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 25261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25130099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 1/13/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 12600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12529468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 2/21/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9884884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 2/28/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14809875 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81%, 1/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 86648000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86160682 |
| &nbsp;&nbsp;&nbsp; Telstra Corp Lmtd Corporate Commercial Paper (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 1/12/2023 (e) | &nbsp;&nbsp;&nbsp; 102800000 | &nbsp;&nbsp;&nbsp;&nbsp; 102282199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 1/24/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24835649 |
| &nbsp;&nbsp;&nbsp; Telus Corp Corporate Commercial Paper Discount Dtd (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 1/11/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 35800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35609544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 1/13/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 11430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11366017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 1/17/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3379056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 2/6/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6936163 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 2/21/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 65000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64251743 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL**<br> **AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Commercial Paper — continued** | **Commercial Paper — continued** | **Commercial Paper — continued** |
| &nbsp;&nbsp;&nbsp; Toyota Finance Australia Ltd. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 5/8/2023 (e) | 39386000 | 38524749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 5/22/2023 (e) | 21801000 | 21278847 |
| &nbsp;&nbsp;&nbsp; TransCanada PipeLines Ltd. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 12/15/2022 (e) | 60000000 | 59894050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 12/27/2022 (e) | 6900000 | 6877230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 2/1/2023 (e) | 75000000 | 74373544 |
| &nbsp;&nbsp;&nbsp; UDR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 12/29/2022 (e) | 10000000 | 9966167 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. (Singapore) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 3/31/2023 (e) | 26900000 | 26460860 |
| &nbsp;&nbsp;&nbsp; VW Credit, Inc. (Germany) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 1/9/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 24250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24127672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 1/19/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 17550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17436900 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 2/22/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 36000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35618808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 2/24/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4945629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 2/28/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 54500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53875975 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 1/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 69000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68608462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 7/10/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 155918000 | &nbsp;&nbsp;&nbsp;&nbsp; 150987457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 8/23/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 80993000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77881069 |
| &nbsp;&nbsp;&nbsp; Westpac Securities NZ Ltd. (New Zealand) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 1/18/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 21550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21427715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 2/2/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 54500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54084250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 8/25/2023 (e) | &nbsp;&nbsp;&nbsp;&nbsp; 49700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47774578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper <br>(Cost $5,132,154,959)<br>|  | &nbsp;&nbsp; 5120626146 |
|  | **SHARES** |  |
| **Investment Companies — 12.6%** | **Investment Companies — 12.6%** | **Investment Companies — 12.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.59% (f) (g) <br>(Cost $2,816,889,485)<br>| 2816889485 | &nbsp;&nbsp; 2816889485 |
| **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.02% (f) (g) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9710968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9711939 |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.59% (f) (g) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2569190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2569190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $12,280,158)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12281129 |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **PRINCIPAL** <br>**AMOUNT($)**<br>| <br> **VALUE($)**<br>|
| **Repurchase Agreements — 0.4%** | **Repurchase Agreements — 0.4%** | **Repurchase Agreements — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Securities LLC, 3.90%, dated 11/30/2022, due 12/15/2022, repurchase price $100,162,500, <br> collateralized by Asset-Backed Securities, 0.00% - 11.73%, due 8/26/2024 - 4/17/2054, with the value of <br> $110,072,500. <br>(Cost $100,000,000)<br>| 100000000 | 100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,155,767,984)<br>|  | 12126286225 |
| **Total Investments — 100.4%** <br>**(Cost $22,649,349,237)**<br>|  | **22449999350** |
| **Liabilities in Excess of Other Assets — (0.4)%** |  | **(87478512)** |
| **NET ASSETS — 100.0%** |  | **22362520838** |

---

&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** |  |
| CIFC | Commercial Industrial Finance Corp. |
| CLO | Collateralized Loan Obligations |
| FFCB | Federal Farm Credit Bank |
| FHLB | Federal Home Loan Bank |
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| SOFRINDX | Compounding index of the Secured Overnight Financing Rate |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (b) | The security or a portion of this security is on loan at November 30, 2022. The total value of securities on loan at November 30, 2022 is <br> $11,985,074.<br>|
| (c) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of November 30, 2022. |
| (d) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments <br> on the underlying pool of assets. The interest rate shown is the current rate as of November 30, 2022. <br>|
| (e) | The rate shown is the effective yield as of November 30, 2022.  |
| (f) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (g) | The rate shown is the current yield as of November 30, 2022. |

---

**Futures contracts outstanding as of November 30, 2022:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Short Contracts** |  |  |  |  |  |
| U.S. Treasury 2 Year Note | (4586) | 03/31/2023 | USD | (942673799) | (3197644) |

---

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

---

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

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

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

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

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

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

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

Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

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

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

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

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

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

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

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

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

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Asset-Backed Securities | $— | $1583086080 | $28501309 | $1611587389 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227089208 | &nbsp;&nbsp; 14706446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241795654 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8314956374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8314956374 |
| Foreign Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28530738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28530738 |
| U.S. Government Agency Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126842970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126842970 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Certificates of Deposits | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4076489465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4076489465 |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5120626146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5120626146 |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 2816889485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2816889485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities <br> Loaned<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12281129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12281129 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000000 |
| Total Short-Term Investments | &nbsp;&nbsp; 2829170614 | &nbsp;&nbsp;&nbsp;&nbsp; 9297115611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 12126286225 |
| **Total Investments in Securities** | $2829170614 | $19577620981 | $43207755 | $22449999350 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | $(3197644) | $— | $— | $(3197644) |

---

There were no significant transfers into or out of level 3 for the period ended November 30, 2022.

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** |
| **Security** <br> **Description**<br>| **Value at** <br>**February 28,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**November 30,** <br>**2022**<br>| **Shares at** <br>**November 30,** <br>**2022**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan <br> Securities <br> Lending <br> Money <br> Market <br> Fund <br> Agency SL <br> Class Shares, <br> 4.02% <br> (a) (b)<br>| $36712288 | $70000000 | $96999999 | $(6866) | $6516 | $9711939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9710968 | $191711 | $— |

---

------

**JPMorgan Ultra-Short Income ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF November 30, 2022 (Unaudited) (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** | **For the period ended November 30, 2022** |
| **Security** <br> **Description**<br>| **Value at**<br> **February 28,**<br> **2022**<br>| **Purchases at**<br> **Cost**<br>| **Proceeds from**<br> **Sales**<br>| **Net Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Value at**<br> **November 30,**<br> **2022**<br>| **Shares at**<br> **November 30,**<br> **2022**<br>| **Dividend**<br> **Income**<br>| **Capital Gain**<br> **Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan <br> U.S. Government <br> Money <br> Market <br> Fund <br> Class IM <br> Shares, <br> 3.59% <br> (a) (b)<br>| $5092765 | $128748413 | $131271988 | $— | $— | $2569190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2569190 | $54011 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan <br> U.S. Government <br> Money <br> Market <br> Fund <br> Class IM <br> Shares, <br> 3.59% <br> (a) (b)<br>| &nbsp;&nbsp; 3227762466 | &nbsp;&nbsp; 10399848780 | &nbsp;&nbsp; 10810721761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 2816889485 | 2816889485 | &nbsp;&nbsp; 35822472 | &nbsp;&nbsp; — |
| **Total** | $3269567519 | $10598597193 | $11038993748 | $(6866) | $6516 | $2829170614 |  | $36068194 | $— |

---

&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 November 30, 2022.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan Ultra-Short Income ETF

- **b. EDGAR series identifier (if any):** S000054790

- **c. LEI of Series:** 549300VN24B8TQAGGX74

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $22461979823.82

**Total Liabilities:** $112023197.92

**Net Assets:** $22349956625.90

**Cash Not Reported:** $40988602.32

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 261069.58171000 | **1-Year:** 882756.66011000 | **5-Year:** 33172.41711000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 113.68195000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000172198 | 0.04%                | 0.14%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8035920.69             | $-41959088.92                              |
| Month 2  | $-1639582.67             | $-20459248.09                              |
| Month 3  | $-10004572.06            | $53772251.36                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Deutsche Telekom International Finance BV          | Deutsche Telekom International Finance BV                                   | CUSIP: 25156PAV5<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   15070000 | PA      | $14765247.98   | 0.07%             | 2023-09-19      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| Westpac Securities NZ Ltd.                         | Westpac Securities NZ Ltd.                                                  | CUSIP: 96122HVR1<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |   49700000 | PA      | $47774577.77   | 0.21%             | 2023-08-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115BSS0<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  180015000 | PA      | $178342147.61  | 0.80%             | 2023-09-12      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCG1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   48222000 | PA      | $47188585.18   | 0.21%             | 2023-06-12      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAG0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   65583000 | PA      | $65233363.91   | 0.29%             | 2023-04-12      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                     | Takeda Pharmaceutical Co. Ltd.                                              | CUSIP: 874060AT3<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |     325000 | PA      | $322494.44     | 0.00%             | 2023-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558UVX7<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  126407000 | PA      | $126166819.12  | 0.56%             | 2023-02-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust, Series 2022-1, Class A2 | CUSIP: 380146AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   16961136 | PA      | $16694186.76   | 0.07%             | 2025-02-18      | Fixed         | 0.76%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1SX9<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   72042000 | PA      | $70236963.92   | 0.31%             | 2023-05-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Martin Marietta Materials, Inc.                    | Martin Marietta Materials, Inc.                                             | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   16655000 | PA      | $16182274.31   | 0.07%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                              | Parker-Hannifin Corp.                                                       | CUSIP: 70109MNQ3<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   30000000 | PA      | $29785041.60   | 0.13%             | 2023-01-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BofA Securities, Inc.                              | BofA Securities, Inc.                                                       | CUSIP: 06054PUK0<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |   48267000 | PA      | $46651535.85   | 0.21%             | 2023-07-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XIII                        | Atlas Senior Loan Fund, Series 2019-13A, Class A1NR                         | CUSIP: 04942VAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    9675000 | PA      | $9413233.20    | 0.04%             | 2031-04-22      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GJC4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    6834000 | PA      | $6708403.38    | 0.03%             | 2024-05-19      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                    | VW Credit, Inc.                                                             | CUSIP: 91842KN93<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   24250000 | PA      | $24127672.33   | 0.11%             | 2023-01-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 9612C1VP9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   80993000 | PA      | $77881069.14   | 0.35%             | 2023-08-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| National Bank of Canada                            | National Bank of Canada                                                     | CUSIP: 63307A2S3<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   45529000 | PA      | $44318838.27   | 0.20%             | 2025-06-09      | Variable      | 3.75%                 | No            |                  2 | On Loan: —       |
| Evergy Missouri West, Inc.                         | Evergy Missouri West, Inc.                                                  | CUSIP: 30037NNA7<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | STIV             | CORP              | US        |    4200000 | PA      | $4178235.85    | 0.02%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665KPM3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   65000000 | PA      | $64257887.85   | 0.29%             | 2023-02-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2Q3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   32955000 | PA      | $31650311.55   | 0.14%             | 2023-10-13      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65557CBE2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   17512000 | PA      | $17142647.40   | 0.08%             | 2023-06-09      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Air Liquide Finance SA                             | Air Liquide Finance SA                                                      | CUSIP: 00913RAC0<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |   17489000 | PA      | $17054291.32   | 0.08%             | 2023-09-27      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Santander UK plc                                   | Santander UK plc                                                            | CUSIP: 80283LAY9<br>LEI: PTCQB104N23FMNK2RZ28 | Long             | DBT              | CORP              | GB        |   21152000 | PA      | $21073591.02   | 0.09%             | 2023-01-13      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                         | Constellation Brands, Inc.                                                  | CUSIP: 21036PBM9<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   14562000 | PA      | $14275250.34   | 0.06%             | 2024-05-09      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BS7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    5495000 | PA      | $5480293.68    | 0.02%             | 2023-02-27      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13606KML7<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   18950000 | PA      | $18913694.26   | 0.08%             | 2023-03-13      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Westlake Corp.                                     | Westlake Corp.                                                              | CUSIP: 960413AX0<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |    4583000 | PA      | $4252548.83    | 0.02%             | 2024-08-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YL8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   30423000 | PA      | $30144010.75   | 0.13%             | 2024-08-09      | Floating      | 4.26%                 | Yes           |                  2 | On Loan: No      |
| Eversource Energy                                  | Eversource Energy, Series T                                                 | CUSIP: 30040WAM0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   22322000 | PA      | $22228129.29   | 0.10%             | 2023-08-15      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                    | WFRBS Commercial Mortgage Trust, Series 2014-C22, Class AS                  | CUSIP: 92890KBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6901000 | PA      | $6563225.72    | 0.03%             | 2057-09-15      | Variable      | 4.07%                 | No            |                  3 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class B              | CUSIP: 17322YAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    8626000 | PA      | $8143220.03    | 0.04%             | 2047-10-10      | Variable      | 4.34%                 | No            |                  3 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65557CAY9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   20954000 | PA      | $20686277.87   | 0.09%             | 2023-08-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO II Ltd.                | Benefit Street Partners CLO Ltd., Series 2013-IIA, Class A1R2               | CUSIP: 08179XAW5<br>LEI: 549300PVYNJC7QL0GC48 | Long             | ABS-CBDO         | CORP              | KY        |   15353504 | PA      | $15145924.13   | 0.07%             | 2029-07-15      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                          | CUSIP: 37045XDC7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   23000000 | PA      | $22902243.56   | 0.10%             | 2023-11-17      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $4957288.75    | 0.02%             | 2023-11-03      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Ballyrock CLO Ltd.                                 | Ballyrock CLO Ltd., Series 2020-2A, Class A1R                               | CUSIP: 05875DAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   20955000 | PA      | $20494597.70   | 0.09%             | 2031-10-20      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 23329PAE0<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   35121000 | PA      | $35121000.00   | 0.16%             | 2022-12-02      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV               | Siemens Financieringsmaatschappij NV                                        | CUSIP: 82620KBB8<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   23914000 | PA      | $23746602.00   | 0.11%             | 2024-03-11      | Floating      | 4.26%                 | Yes           |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WPM4<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |   65000000 | PA      | $64251743.40   | 0.29%             | 2023-02-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Dover Corp.                                        | Dover Corp.                                                                 | CUSIP: 26000MN93<br>LEI: 549300FMC2ALGA7N9E80 | Long             | STIV             | CORP              | US        |   66400000 | PA      | $66065049.18   | 0.30%             | 2023-01-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABU0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   42540000 | PA      | $41842713.25   | 0.19%             | 2023-04-03      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 26 Ltd.         | Neuberger Berman Loan Advisers CLO Ltd., Series 2017-26A, Class AR          | CUSIP: 64131QAJ9<br>LEI: 549300P0MOXZPIM3AS61 | Long             | ABS-CBDO         | CORP              | KY        |   24986000 | PA      | $24522259.84   | 0.11%             | 2030-10-18      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                                   | HSBC Bank USA NA                                                            | CUSIP: 40435RNB3<br>LEI: 1IE8VN30JCEQV1H4R804 | Long             | STIV             | CORP              | US        |  119515000 | PA      | $119497334.49  | 0.53%             | 2023-04-20      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                          | Florida Power & Light Co.                                                   | CUSIP: 341081GH4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   49271000 | PA      | $48780470.73   | 0.22%             | 2024-01-12      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCM8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   53078000 | PA      | $52855872.29   | 0.24%             | 2023-01-06      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.       | Fidelity National Information Services, Inc.                                | CUSIP: 31620MBQ8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     316000 | PA      | $298930.22     | 0.00%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GNR8<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |    8599000 | PA      | $8537108.18    | 0.04%             | 2023-01-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Harriman Park CLO Ltd.                             | Harriman Park CLO Ltd., Series 2020-1A, Class XR                            | CUSIP: 413717AL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2499998 | PA      | $2498475.50    | 0.01%             | 2034-04-20      | Floating      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 9612C1UA3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  155918000 | PA      | $150987456.54  | 0.68%             | 2023-07-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ASB Bank Ltd.                                      | ASB Bank Ltd.                                                               | CUSIP: 00216LAB9<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    8887000 | PA      | $8893678.23    | 0.04%             | 2023-06-14      | Floating      | 4.24%                 | Yes           |                  2 | On Loan: —       |
| Standard Chartered plc                             | Standard Chartered plc                                                      | CUSIP: 853254CB4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   12000000 | PA      | $11247578.16   | 0.05%             | 2025-03-23      | Variable      | 1.21%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                     | CUSIP: 05578AAA6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    5000000 | PA      | $4982736.35    | 0.02%             | 2023-01-11      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The)                                         | CUSIP: 06406RAG2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    1018000 | PA      | $1012668.15    | 0.00%             | 2023-04-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822BA1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   19164000 | PA      | $18984820.05   | 0.08%             | 2023-07-26      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBL3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   13097000 | PA      | $12927345.78   | 0.06%             | 2024-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust, Series 2021-3A, Class A3             | CUSIP: 96043JAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   20541000 | PA      | $19867670.13   | 0.09%             | 2025-06-16      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   14938000 | PA      | $14297065.39   | 0.06%             | 2023-11-22      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                       | Dell Equipment Finance Trust, Series 2021-2, Class A2                       | CUSIP: 24702VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   15986374 | PA      | $15760494.78   | 0.07%             | 2026-12-22      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                   | Skandinaviska Enskilda Banken AB                                            | CUSIP: 83051GAN8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    1060000 | PA      | $1023059.00    | 0.00%             | 2023-09-01      | Fixed         | 0.55%                 | Yes           |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                     | MUFG Bank Ltd.                                                              | CUSIP: 064255AR3<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |     200000 | PA      | $197676.00     | 0.00%             | 2023-09-09      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust           | Capital One Prime Auto Receivables Trust, Series 2020-1, Class A3           | CUSIP: 14043MAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4749089 | PA      | $4696054.79    | 0.02%             | 2024-11-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06368EJS2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   90125000 | PA      | $90013520.78   | 0.40%             | 2023-04-14      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Trustee Services Ltd.                  | Lloyds Bank plc                                                             | CUSIP: 53947CR42<br>LEI: 2138002H4PLNENRY4B76 | Long             | STIV             | CORP              | GB        |   17860000 | PA      | $17734825.33   | 0.08%             | 2023-06-16      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TJM8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   74615000 | PA      | $74577692.50   | 0.33%             | 2023-02-13      | Floating      | 4.00%                 | No            |                  2 | On Loan: —       |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AZ7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    1594000 | PA      | $1597000.53    | 0.01%             | 2023-07-26      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                  | NatWest Group plc                                                           | CUSIP: 780097BD2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   73172000 | PA      | $72289694.95   | 0.32%             | 2023-09-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GJR1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   42672000 | PA      | $39860365.39   | 0.18%             | 2025-04-22      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 21688AAQ5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |     650000 | PA      | $617962.05     | 0.00%             | 2024-01-12      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Swiss Re Treasury US Corp.                         | Swiss Re Treasury U.S. Corp.                                                | CUSIP: 87089HAA1<br>LEI: 549300G1I1ZMYS87KM16 | Long             | DBT              | CORP              | US        |   35796000 | PA      | $35786786.11   | 0.16%             | 2022-12-06      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO II Ltd.                            | Sound Point CLO II Ltd., Series 2013-1A, Class A1R                          | CUSIP: 83608GAN6<br>LEI: 549300Q00FJ0WHHYC788 | Long             | ABS-CBDO         | CORP              | KY        |    2430000 | PA      | $2391785.82    | 0.01%             | 2031-01-26      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| TCI-Symphony CLO Ltd.                              | TCI-Symphony CLO Ltd., Series 2017-1A, Class AR                             | CUSIP: 87232BAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   19894122 | PA      | $19579237.81   | 0.09%             | 2030-07-15      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                | CUSIP: 67077VMC9<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   29500000 | PA      | $29458277.27   | 0.13%             | 2022-12-12      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp., Series D                | CUSIP: 63743HEV0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   65911000 | PA      | $65945951.29   | 0.30%             | 2023-02-16      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558UUE0<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |   57500000 | PA      | $56862723.48   | 0.25%             | 2023-06-08      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison, Inc.                          | Consolidated Edison, Inc., Series A                                         | CUSIP: 209115AE4<br>LEI: 54930033SBW53OO8T749 | Long             | DBT              | CORP              | US        |     329000 | PA      | $315195.60     | 0.00%             | 2023-12-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                | Union Pacific Corp.                                                         | CUSIP: 907818EU8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    1540000 | PA      | $1529130.59    | 0.01%             | 2023-06-08      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                 | Metropolitan Life Global Funding I                                          | CUSIP: 59217GEH8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   12598000 | PA      | $12325651.02   | 0.06%             | 2023-06-08      | Fixed         | 0.90%                 | Yes           |                  2 | On Loan: No      |
| Cigna Corp.                                        | Cigna Corp.                                                                 | CUSIP: 125523AC4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   14963000 | PA      | $14995634.00   | 0.07%             | 2023-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAS8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   27646000 | PA      | $27204858.86   | 0.12%             | 2024-09-11      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                | CUSIP: 64952WEW9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  180500000 | PA      | $177372765.30  | 0.79%             | 2024-08-26      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668AR3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   10686000 | PA      | $10566674.46   | 0.05%             | 2023-11-13      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp.                     | Element Fleet Management Corp.                                              | CUSIP: 286181AF9<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   15298000 | PA      | $14461615.66   | 0.06%             | 2024-04-06      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2W0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   21061000 | PA      | $19697267.61   | 0.09%             | 2024-04-16      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 90275DNB2<br>LEI: 254900R882POXXVAK772 | Long             | STIV             | CORP              | CH        |   40092000 | PA      | $40084904.52   | 0.18%             | 2022-12-02      | Fixed         | 0.46%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCN6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   73141000 | PA      | $73126371.80   | 0.33%             | 2023-01-06      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280CU1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   63688000 | PA      | $60969326.78   | 0.27%             | 2024-08-17      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                             | Truist Financial Corp.                                                      | CUSIP: 05531FBJ1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    2946000 | PA      | $2925786.93    | 0.01%             | 2023-03-16      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA              | Banque Federative du Credit Mutuel SA                                       | CUSIP: 06675FAV9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    5485000 | PA      | $5181858.64    | 0.02%             | 2024-02-27      | Fixed         | 0.65%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust                             | Marlette Funding Trust, Series 2021-2A, Class A                             | CUSIP: 57108TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     592023 | PA      | $590314.39     | 0.00%             | 2031-09-15      | Fixed         | 0.51%                 | Yes           |                  2 | On Loan: No      |
| Norinchukin Bank                                   | Norinchukin Bank (The)                                                      | CUSIP: 65602YN71<br>LEI: 549300KQZJBM38M51L16 | Long             | STIV             | CORP              | US        |  198472000 | PA      | $196422322.10  | 0.88%             | 2023-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   13210000 | PA      | $12949857.06   | 0.06%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YBF5<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   19000000 | PA      | $18460483.03   | 0.08%             | 2024-07-10      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XVI-S Ltd.                    | Neuberger Berman CLO Ltd., Series 2017-16SA, Class XR                       | CUSIP: 64131TAL8<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |    5000000 | PA      | $4999810.00    | 0.02%             | 2034-04-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86563VAU3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   23302000 | PA      | $21975636.41   | 0.10%             | 2024-03-25      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO 9 Ltd.                       | Anchorage Capital CLO Ltd., Series 2016-9A, Class XR                        | CUSIP: 03328WBA5<br>LEI: 5493009A4SIPWYPZDB35 | Long             | ABS-CBDO         | CORP              | KY        |     875000 | PA      | $874622.88     | 0.00%             | 2032-07-15      | Floating      | 5.03%                 | Yes           |                  3 | On Loan: No      |
| ING Groep NV                                       | ING Groep NV                                                                | CUSIP: 456837AK9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   14532000 | PA      | $14388615.08   | 0.06%             | 2023-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Kia Corp.                                          | Kia Corp.                                                                   | CUSIP: 49374JAB9<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |   12580000 | PA      | $11798153.00   | 0.05%             | 2024-04-16      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Kellogg Co.                                        | Kellogg Co.                                                                 | CUSIP: 487836BS6<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |    3269000 | PA      | $3191880.66    | 0.01%             | 2023-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: —       |
| Norinchukin Bank                                   | Norinchukin Bank (The)                                                      | CUSIP: 65602Y2B5<br>LEI: 549300KQZJBM38M51L16 | Long             | STIV             | CORP              | US        |  138462000 | PA      | $138520023.89  | 0.62%             | 2023-02-27      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Magnetite VII Ltd.                                 | Magnetite Ltd., Series 2012-7A, Class A1R2                                  | CUSIP: 55951PBA4<br>LEI: 549300B54XJTQC6DWJ15 | Long             | ABS-CBDO         | CORP              | KY        |   27573225 | PA      | $27105169.72   | 0.12%             | 2028-01-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4071000 | PA      | $4031819.52    | 0.02%             | 2023-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17305T5M0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |   72600000 | PA      | $71834647.90   | 0.32%             | 2023-07-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO XXII Ltd.                          | Sound Point CLO Ltd., Series 2019-1A, Class AR                              | CUSIP: 83611KAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7268000 | PA      | $7114906.85    | 0.03%             | 2032-01-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   20499000 | PA      | $19790839.70   | 0.09%             | 2023-09-12      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83369CN42<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | FR        |  100500000 | PA      | $100105160.63  | 0.45%             | 2023-01-04      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015K7G3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   26338000 | PA      | $26024728.19   | 0.12%             | 2023-04-17      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                  | NatWest Group plc                                                           | CUSIP: 780097BN0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     133000 | PA      | $130452.50     | 0.00%             | 2024-05-22      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                   | Barings CLO Ltd., Series 2013-IA, Class AR                                  | CUSIP: 06760EAA4<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |   26335310 | PA      | $26050072.65   | 0.12%             | 2028-01-20      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered plc                             | Standard Chartered plc                                                      | CUSIP: 853254BY5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   10000000 | PA      | $9341979.60    | 0.04%             | 2025-01-12      | Variable      | 0.99%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GEU9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1907000 | PA      | $1903831.27    | 0.01%             | 2023-01-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                    | Palmer Square Loan Funding Ltd., Series 2021-4A, Class A1                   | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   38362393 | PA      | $37800576.01   | 0.17%             | 2029-10-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| VMware, Inc.                                       | VMware, Inc.                                                                | CUSIP: 928563AG0<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   25574000 | PA      | $24765050.65   | 0.11%             | 2023-08-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   21754000 | PA      | $21657085.93   | 0.10%             | 2023-11-10      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AH7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    1247000 | PA      | $1218993.29    | 0.01%             | 2023-09-13      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                    | Palmer Square Loan Funding Ltd., Series 2022-1A, Class A1                   | CUSIP: 69701CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   27577303 | PA      | $27126690.33   | 0.12%             | 2030-04-15      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Aetna, Inc.                                        | Aetna, Inc.                                                                 | CUSIP: 00817YAV0<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    9649000 | PA      | $9532164.99    | 0.04%             | 2023-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 2 Year Note                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -4586 | NC      | $-3197643.53   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                              | CUSIP: 05581KAB7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   54645000 | PA      | $53717466.15   | 0.24%             | 2024-01-10      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 7 Ltd.           | Goldentree Loan Management US CLO Ltd., Series 2020-7A, Class XR            | CUSIP: 38138LAJ7<br>LEI: 549300DO8S88M0JNL340 | Long             | ABS-CBDO         | CORP              | KY        |    1250000 | PA      | $1249955.00    | 0.01%             | 2034-04-20      | Floating      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| AIG Global Funding                                 | AIG Global Funding                                                          | CUSIP: 00138CAT5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   39623000 | PA      | $38193603.05   | 0.17%             | 2023-09-13      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| Galaxy XXII CLO Ltd.                               | Galaxy CLO Ltd., Series 2016-22A, Class XRR                                 | CUSIP: 36320TAT0<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |    2947369 | PA      | $2945641.84    | 0.01%             | 2034-04-16      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   38096000 | PA      | $37815165.43   | 0.17%             | 2023-03-14      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   46199000 | PA      | $46215862.64   | 0.21%             | 2023-03-17      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                       | OCP CLO Ltd., Series 2015-9A, Class X                                       | CUSIP: 67091YAS3<br>LEI: 254900XV0U0WEM36A370 | Long             | ABS-CBDO         | CORP              | KY        |    3500000 | PA      | $3494638.00    | 0.02%             | 2033-01-15      | Floating      | 4.61%                 | Yes           |                  3 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2G2<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   43419000 | PA      | $41581228.74   | 0.19%             | 2023-12-15      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 961214EJ8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    1140000 | PA      | $1136828.93    | 0.01%             | 2023-01-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    2905000 | PA      | $2902695.84    | 0.01%             | 2023-03-01      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets plc                  | Lloyds Bank plc                                                             | CUSIP: 53947CR34<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |   19669000 | PA      | $19599211.44   | 0.09%             | 2023-03-17      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| FHLB                                               | FHLB                                                                        | CUSIP: 3130ATYX9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  121670000 | PA      | $121642859.07  | 0.54%             | 2023-11-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114TZC9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   84848000 | PA      | $84640801.18   | 0.38%             | 2023-06-02      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                  | Exxon Mobil Corp.                                                           | CUSIP: 30231GBL5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   48100000 | PA      | $47537864.92   | 0.21%             | 2023-04-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                      | ASB Bank Ltd.                                                               | CUSIP: 00216LAA1<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   13938000 | PA      | $13851013.92   | 0.06%             | 2023-06-14      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TJD8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   68327000 | PA      | $67333022.53   | 0.30%             | 2023-04-06      | Fixed         | 0.40%                 | No            |                  2 | On Loan: —       |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2X8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   43521000 | PA      | $42683620.27   | 0.19%             | 2024-05-24      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Entergy Louisiana LLC                              | Entergy Louisiana LLC                                                       | CUSIP: 29364WBF4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    9363000 | PA      | $8973024.22    | 0.04%             | 2023-11-17      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                      | ASB Bank Ltd.                                                               | CUSIP: 0020N3VJ2<br>LEI: 549300IBZWZL1KTPF918 | Long             | STIV             | CORP              | NZ        |   67001000 | PA      | $64462432.61   | 0.29%             | 2023-08-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                     | CUSIP: 233851EB6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    1065000 | PA      | $1008079.31    | 0.00%             | 2024-03-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Reynolds American, Inc.                            | Reynolds American, Inc.                                                     | CUSIP: 761713AY2<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   45368000 | PA      | $45227711.71   | 0.20%             | 2023-09-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280BA6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    5436000 | PA      | $5397227.84    | 0.02%             | 2023-05-25      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XX Ltd.                               | Symphony CLO Ltd., Series 2018-20A, Class X                                 | CUSIP: 87166VAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     625000 | PA      | $624968.75     | 0.00%             | 2032-01-16      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                         | Charles Schwab Corp. (The)                                                  | CUSIP: 808513AT2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    3499000 | PA      | $3487802.36    | 0.02%             | 2023-01-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599AN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1177000 | PA      | $1175397.14    | 0.01%             | 2023-01-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                             | CUSIP: 172967GL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    1007000 | PA      | $1002846.02    | 0.00%             | 2023-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                         | Charles Schwab Corp. (The)                                                  | CUSIP: 808513BM6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    1642000 | PA      | $1630843.28    | 0.01%             | 2024-03-18      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                 | Oversea-Chinese Banking Corp. Ltd.                                          | CUSIP: 69033MV95<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |   94717000 | PA      | $94717000.00   | 0.42%             | 2023-07-05      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Guardian Life Global Funding                       | Guardian Life Global Funding                                                | CUSIP: 40139LAE3<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     500000 | PA      | $497765.22     | 0.00%             | 2023-04-25      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| EOG Resources, Inc.                                | EOG Resources, Inc.                                                         | CUSIP: 26875PAK7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   18698000 | PA      | $18576828.92   | 0.08%             | 2023-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDX6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    7431000 | PA      | $7306277.20    | 0.03%             | 2023-04-20      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                             | Keurig Dr Pepper, Inc.                                                      | CUSIP: 26138EAW9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    7035000 | PA      | $6892860.50    | 0.03%             | 2023-12-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| LMREC LLC                                          | LMREC LLC, Series 2021-CRE4, Class A                                        | CUSIP: 50210LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   14621743 | PA      | $14283177.67   | 0.06%             | 2037-04-22      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.          | Consolidated Edison Co. of New York, Inc.                                   | CUSIP: 20911MM79<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |   30450000 | PA      | $30425546.82   | 0.14%             | 2022-12-07      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SREIT Trust                                        | SREIT Trust, Series 2021-MFP, Class A                                       | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6000000 | PA      | $5733088.20    | 0.03%             | 2038-11-15      | Floating      | 4.61%                 | Yes           |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607GRT3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   50032000 | PA      | $49682779.14   | 0.22%             | 2023-12-14      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                              | Dominion Energy, Inc., Series D                                             | CUSIP: 25746UDH9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   31071000 | PA      | $31007802.83   | 0.14%             | 2023-09-15      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The)                                         | CUSIP: 06406RAE7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     396000 | PA      | $394799.36     | 0.00%             | 2023-01-29      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 961214DS9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   18091000 | PA      | $18061157.63   | 0.08%             | 2023-01-11      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| Bank of Nova Scotia                                | Bank of Nova Scotia (The)                                                   | CUSIP: 06417MK20<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   74737000 | PA      | $74777044.08   | 0.33%             | 2023-08-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCF3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   29380000 | PA      | $29383833.21   | 0.13%             | 2023-01-27      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.               | Caterpillar Financial Services Corp.                                        | CUSIP: 14913R2D8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   16000000 | PA      | $15613301.92   | 0.07%             | 2023-07-07      | Fixed         | 0.65%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GXY5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   32717000 | PA      | $32354793.04   | 0.14%             | 2023-03-08      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                    | WFRBS Commercial Mortgage Trust, Series 2013-UBS1, Class AS                 | CUSIP: 92938JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6584641 | PA      | $6411887.02    | 0.03%             | 2046-03-15      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                | CUSIP: 67077VMG0<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   25000000 | PA      | $24952289.00   | 0.11%             | 2022-12-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Pass-Through Trust                           | Cloud Pass-Through Trust, Series 2019-1A, Class CLOU                        | CUSIP: 18913AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       5875 | PA      | $5870.49       | 0.00%             | 2022-12-05      | Variable      | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Consumers Energy Co.                               | Consumers Energy Co.                                                        | CUSIP: 210518CV6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    4440000 | PA      | $4389720.06    | 0.02%             | 2023-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class A2            | CUSIP: 95001QAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    9099200 | PA      | $8984475.93    | 0.04%             | 2051-08-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAD7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    6000000 | PA      | $6001207.86    | 0.03%             | 2023-02-23      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDH1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   14987000 | PA      | $14808086.54   | 0.07%             | 2023-05-10      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                              | Walt Disney Co. (The)                                                       | CUSIP: 2546R3PU2<br>LEI: 549300GZKULIZ0WOW665 | Long             | STIV             | CORP              | US        |   54500000 | PA      | $53875975.00   | 0.24%             | 2023-02-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Buckhorn Park CLO Ltd.                             | Buckhorn Park CLO Ltd., Series 2019-1A, Class XR                            | CUSIP: 118382AN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2916665 | PA      | $2914661.25    | 0.01%             | 2034-07-18      | Floating      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| ANZ New Zealand Int'l Ltd.                         | ANZ New Zealand Int'l Ltd.                                                  | CUSIP: 00182EBL2<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    9790000 | PA      | $9732897.87    | 0.04%             | 2023-02-13      | Fixed         | 1.90%                 | Yes           |                  2 | On Loan: —       |
| Virginia Electric and Power Co.                    | Virginia Electric and Power Co., Series C                                   | CUSIP: 927804FN9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   11008000 | PA      | $10941615.93   | 0.05%             | 2023-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                | CUSIP: 67077MAV0<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   22880000 | PA      | $22525751.25   | 0.10%             | 2023-05-13      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                     | CUSIP: 233851DL5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    4845000 | PA      | $4812172.41    | 0.02%             | 2023-05-04      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Allstate Corp. (The)                               | Allstate Corp. (The)                                                        | CUSIP: 020002AZ4<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    1230000 | PA      | $1218876.72    | 0.01%             | 2023-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LCM XXV Ltd.                                       | LCM Ltd., Series 25A, Class AR                                              | CUSIP: 50189PAY8<br>LEI: 549300FY8UGGJMQNCO13 | Long             | ABS-CBDO         | CORP              | KY        |   29678697 | PA      | $29127949.56   | 0.13%             | 2030-07-20      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| MassMutual Global Funding II                       | MassMutual Global Funding II                                                | CUSIP: 57629WCU2<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   39446000 | PA      | $38594619.23   | 0.17%             | 2023-06-09      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                                  | CUSIP: 00774MAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   20510000 | PA      | $20325700.63   | 0.09%             | 2023-07-03      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                  | Eversource Energy                                                           | CUSIP: 664397AK2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   14173000 | PA      | $14048449.94   | 0.06%             | 2023-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                             | CUSIP: 00914AAN2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   13922000 | PA      | $13915049.72   | 0.06%             | 2022-12-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: —       |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WNH7<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |    3400000 | PA      | $3379056.00    | 0.02%             | 2023-01-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO 12 Ltd.          | GoldenTree Loan Management US CLO 12 Ltd., Series 2022-12A, Class X         | CUSIP: 38138FAA9<br>LEI: 549300KUSTD1I13BZ897 | Long             | ABS-CBDO         | CORP              | JE        |    4800000 | PA      | $4795804.80    | 0.02%             | 2034-04-20      | Floating      | 4.96%                 | Yes           |                  3 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2022-C, Class A2A           | CUSIP: 448978AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   48009000 | PA      | $47549515.46   | 0.21%             | 2025-01-15      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2020-A, Class A3                             | CUSIP: 88167HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1268132 | PA      | $1262956.53    | 0.01%             | 2023-12-20      | Fixed         | 0.68%                 | Yes           |                  2 | On Loan: No      |
| M&T Bank Corp.                                     | M&T Bank Corp.                                                              | CUSIP: 55261FAK0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    7000000 | PA      | $7003659.04    | 0.03%             | 2023-07-26      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MAX8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    4919000 | PA      | $4907982.82    | 0.02%             | 2023-01-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ACRE Commercial Mortgage Ltd.                      | ACRE Commercial Mortgage Ltd., Series 2021-FL4, Class A                     | CUSIP: 00489TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    5197897 | PA      | $5043903.64    | 0.02%             | 2037-12-18      | Floating      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| Ameren Corp.                                       | Ameren Corp.                                                                | CUSIP: 02360SN46<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | STIV             | CORP              | US        |     400000 | PA      | $398253.89     | 0.00%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159VK9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   12270000 | PA      | $12093150.40   | 0.05%             | 2023-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                 | CUSIP: 14040HBV6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     891000 | PA      | $890981.77     | 0.00%             | 2023-01-30      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WND6<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |   11430000 | PA      | $11366017.37   | 0.05%             | 2023-01-13      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital Services, Inc.                     | Hyundai Capital Services, Inc.                                              | CUSIP: 44920UAQ1<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |   13658000 | PA      | $12986197.13   | 0.06%             | 2023-09-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV               | Siemens Financieringsmaatschappij NV                                        | CUSIP: 82620KAV5<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   14889000 | PA      | $14716857.40   | 0.07%             | 2023-03-11      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816CK3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     514000 | PA      | $494554.57     | 0.00%             | 2023-11-03      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114TZA3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    3714000 | PA      | $3632726.58    | 0.02%             | 2023-06-02      | Fixed         | 0.30%                 | No            |                  2 | On Loan: —       |
| World Omni Select Auto Trust                       | World Omni Select Auto Trust, Series 2021-A, Class A2                       | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3997734 | PA      | $3984597.49    | 0.02%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                              | Parker-Hannifin Corp.                                                       | CUSIP: 70109MNS9<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   30000000 | PA      | $29774565.00   | 0.13%             | 2023-01-26      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 37 Ltd.         | Neuberger Berman Loan Advisers CLO Ltd., Series 2020-37A, Class AR          | CUSIP: 64133GAR1<br>LEI: 5493006JG853WBZS5J73 | Long             | ABS-CBDO         | CORP              | KY        |   26036000 | PA      | $25502652.54   | 0.11%             | 2031-07-20      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                                | CUSIP: 902613AB4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   36500000 | PA      | $35377208.54   | 0.16%             | 2024-07-30      | Variable      | 1.01%                 | Yes           |                  2 | On Loan: No      |
| Telstra Corp. Ltd.                                 | Telstra Corp. Ltd.                                                          | CUSIP: 8796V5NQ8<br>LEI: PCTXNQGRJVR3OG33JG65 | Long             | STIV             | CORP              | AU        |   25000000 | PA      | $24835649.25   | 0.11%             | 2023-01-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BD0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    5685000 | PA      | $5685000.00    | 0.03%             | 2022-12-02      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                           | CUSIP: 95000U2C6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     294000 | PA      | $289936.04     | 0.00%             | 2024-01-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank      | Credit Agricole Corporate and Investment Bank                               | CUSIP: 22533USN4<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |  189761000 | PA      | $185250707.42  | 0.83%             | 2023-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAH8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    4000000 | PA      | $3997677.08    | 0.02%             | 2023-04-12      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114WPC3<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   75150000 | PA      | $74837836.67   | 0.33%             | 2023-01-13      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                               | Conagra Brands, Inc.                                                        | CUSIP: 205887CG5<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   23177000 | PA      | $22430151.31   | 0.10%             | 2023-08-11      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software, Inc.                | Take-Two Interactive Software, Inc.                                         | CUSIP: 874054AE9<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |   20386000 | PA      | $19843960.72   | 0.09%             | 2024-03-28      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367CYD3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   25000000 | PA      | $24894317.75   | 0.11%             | 2023-10-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec        | Federation des Caisses Desjardins du Quebec                                 | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   41345000 | PA      | $40832422.88   | 0.18%             | 2024-05-21      | Floating      | 4.24%                 | Yes           |                  2 | On Loan: No      |
| AIG Global Funding                                 | AIG Global Funding                                                          | CUSIP: 00138MAA4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   48943000 | PA      | $48812780.30   | 0.22%             | 2023-12-15      | Floating      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Aimco CLO 12 Ltd.                                  | Aimco CLO Ltd., Series 2020-12A, Class XR                                   | CUSIP: 00140LAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    3800000 | PA      | $3797237.40    | 0.02%             | 2032-01-17      | Floating      | 4.71%                 | Yes           |                  3 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                           | CUSIP: 26244JP29<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   50000000 | PA      | $49574755.50   | 0.22%             | 2023-02-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                 | Elmwood CLO Ltd., Series 2021-3A, Class A                                   | CUSIP: 29002VAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   15000000 | PA      | $14559000.00   | 0.07%             | 2034-10-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                              | Parker-Hannifin Corp.                                                       | CUSIP: 70109MNT7<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   25000000 | PA      | $24807714.00   | 0.11%             | 2023-01-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                  | CIFC Funding Ltd., Series 2017-1A, Class AR                                 | CUSIP: 12551AAL9<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |    1874794 | PA      | $1851992.33    | 0.01%             | 2029-04-23      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                    | CUSIP: 24422ERT8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     573000 | PA      | $571164.57     | 0.00%             | 2023-01-27      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YC8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   23894000 | PA      | $23732948.47   | 0.11%             | 2024-02-09      | Floating      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| 3M Co.                                             | 3M Co.                                                                      | CUSIP: 88579YBL4<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |     205000 | PA      | $203605.86     | 0.00%             | 2023-02-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                   | Skandinaviska Enskilda Banken AB                                            | CUSIP: 83050PD71<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  155975000 | PA      | $154155763.75  | 0.69%             | 2023-06-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VP67<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   60235000 | PA      | $59672258.13   | 0.27%             | 2023-02-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                    | CUSIP: 24422EVT3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   57027000 | PA      | $56914005.56   | 0.25%             | 2023-07-10      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Symphony Static CLO I Ltd.                         | Symphony Static CLO Ltd., Series 2021-1A, Class A                           | CUSIP: 87190TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   27995600 | PA      | $27524993.64   | 0.12%             | 2029-10-25      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                         | Procter & Gamble Co. (The)                                                  | CUSIP: 74271URK8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | STIV             | CORP              | US        |  134422000 | PA      | $131951995.75  | 0.59%             | 2023-04-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XVIII Ltd.                               | Magnetite Ltd., Series 2016-18A, Class AR2                                  | CUSIP: 55953TAS6<br>LEI: 549300BDVLRWS2SODX97 | Long             | ABS-CBDO         | CORP              | KY        |   11287665 | PA      | $11121476.65   | 0.05%             | 2028-11-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                              | CUSIP: 09659W2E3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  212296000 | PA      | $211235263.04  | 0.95%             | 2023-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Heineken NV                                        | Heineken NV                                                                 | CUSIP: 423012AD5<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |   15352000 | PA      | $15222925.76   | 0.07%             | 2023-04-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Independence Plaza Trust                           | Independence Plaza Trust, Series 2018-INDP, Class A                         | CUSIP: 45378YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   10000000 | PA      | $9355420.00    | 0.04%             | 2035-07-10      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                      | CUSIP: 902674YF1<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   61462000 | PA      | $60046897.07   | 0.27%             | 2023-06-01      | Fixed         | 0.38%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MAW0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    3375000 | PA      | $3374899.22    | 0.02%             | 2023-01-17      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX Corp.                                    | TD SYNNEX Corp.                                                             | CUSIP: 87162WAD2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   24822000 | PA      | $22963318.71   | 0.10%             | 2024-08-09      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                     | CUSIP: 05583JAF9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   19526000 | PA      | $19186872.43   | 0.09%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61744YAN8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   11278000 | PA      | $11256365.41   | 0.05%             | 2023-01-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LCM XIV LP                                         | LCM LP, Series 14A, Class AR                                                | CUSIP: 50184VAR5<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | KY        |   20980000 | PA      | $20551315.66   | 0.09%             | 2031-07-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CenterPoint Energy, Inc.                           | CenterPoint Energy, Inc.                                                    | CUSIP: 15189TAZ0<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   35739000 | PA      | $35226114.61   | 0.16%             | 2024-05-13      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Newark BSL CLO 2 Ltd.                              | Newark BSL CLO 2 Ltd., Series 2017-1A, Class A1R                            | CUSIP: 65023PAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   30394010 | PA      | $29956154.14   | 0.13%             | 2030-07-25      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MBB5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    2175000 | PA      | $2154464.82    | 0.01%             | 2023-07-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TEN1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   19370000 | PA      | $19360623.37   | 0.09%             | 2023-01-11      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                 | Banco Bilbao Vizcaya Argentaria SA                                          | CUSIP: 05946KAH4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $193076.76     | 0.00%             | 2023-09-18      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                             | Northrop Grumman Corp.                                                      | CUSIP: 666807BG6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   37294000 | PA      | $36880981.63   | 0.17%             | 2023-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken                              | Svenska Handelsbanken                                                       | CUSIP: 86959RB33<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  202015000 | PA      | $202050134.45  | 0.90%             | 2022-12-22      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                     | CUSIP: 85325VBS8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   54640000 | PA      | $54056386.34   | 0.24%             | 2023-08-11      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Kroger Co. (The)                                   | Kroger Co. (The)                                                            | CUSIP: 501044CS8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    4554000 | PA      | $4519906.66    | 0.02%             | 2023-08-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BT5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     834000 | PA      | $833637.83     | 0.00%             | 2023-02-27      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1VG2<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  196307000 | PA      | $189191733.04  | 0.85%             | 2023-08-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                       | BX Commercial Mortgage Trust, Series 2022-LP2, Class A                      | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   23345626 | PA      | $22395575.44   | 0.10%             | 2039-02-15      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                    | CUSIP: 75951AAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2780000 | PA      | $2625675.03    | 0.01%             | 2024-10-30      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                           | CUSIP: 95000U2X0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   24500000 | PA      | $23738468.22   | 0.11%             | 2026-04-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891AAZ0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     876000 | PA      | $862005.29     | 0.00%             | 2024-02-01      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Teledyne Technologies, Inc.                        | Teledyne Technologies, Inc.                                                 | CUSIP: 879360AA3<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   39910000 | PA      | $39241551.80   | 0.18%             | 2023-04-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCD8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    3189000 | PA      | $3189000.00    | 0.01%             | 2022-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: —       |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABV8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $27868212.90   | 0.12%             | 2024-06-14      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp                                                         | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    2742000 | PA      | $2699012.13    | 0.01%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Citizens Bank NA                                   | Citizens Bank NA                                                            | CUSIP: 17401QAQ4<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   58330000 | PA      | $58096188.28   | 0.26%             | 2023-03-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KKR CLO 13 Ltd.                                    | KKR CLO Ltd., Series 13, Class A1R                                          | CUSIP: 48250VAU1<br>LEI: 635400ZS4BDP68TETX94 | Long             | ABS-CBDO         | CORP              | KY        |    3158877 | PA      | $3129710.63    | 0.01%             | 2028-01-16      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1YN4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   75690000 | PA      | $71925028.02   | 0.32%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                | CUSIP: 68389XBR5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   39961000 | PA      | $39794038.15   | 0.18%             | 2023-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| Palmer Square Loan Funding Ltd.                    | Palmer Square Loan Funding Ltd., Series 2021-2A, Class A1                   | CUSIP: 69702DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   26966189 | PA      | $26620293.38   | 0.12%             | 2029-05-20      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280CS6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   59681000 | PA      | $54900297.06   | 0.25%             | 2025-05-24      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17305T6B3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |   77750000 | PA      | $77323060.76   | 0.35%             | 2023-05-02      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015DNL0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |   44300000 | PA      | $44034030.33   | 0.20%             | 2023-01-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO Ltd.                                       | KKR CLO Ltd., Series 28A, Class A                                           | CUSIP: 48253WAA0<br>LEI: 549300OP87QBZ6KR1406 | Long             | ABS-CBDO         | CORP              | KY        |   13479544 | PA      | $13274708.85   | 0.06%             | 2031-03-15      | Floating      | 4.43%                 | Yes           |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WNB0<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |   35800000 | PA      | $35609544.00   | 0.16%             | 2023-01-11      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd.                   | Benefit Street Partners CLO Ltd., Series 2015-6BR, Class X                  | CUSIP: 08182DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1500000 | PA      | $1499491.50    | 0.01%             | 2034-07-20      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.          | Consolidated Edison Co. of New York, Inc.                                   | CUSIP: 20911MM53<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |   21400000 | PA      | $21387751.50   | 0.10%             | 2022-12-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                          | CUSIP: 05565EBM6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   72574000 | PA      | $72320136.87   | 0.32%             | 2023-04-06      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| NatWest Markets plc                                | NatWest Markets plc                                                         | CUSIP: 63906YAA6<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   12650000 | PA      | $12437692.14   | 0.06%             | 2023-05-21      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                     | 7-Eleven, Inc.                                                              | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  114896000 | PA      | $113879170.40  | 0.51%             | 2023-02-10      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                  | CUSIP: 49327M3C6<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   68003000 | PA      | $66047771.62   | 0.30%             | 2024-06-14      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| OHA Credit Funding 7 Ltd.                          | OHA Credit Funding 7 Ltd., Series 2020-7A, Class XR                         | CUSIP: 67098WAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     781250 | PA      | $779946.09     | 0.00%             | 2037-02-24      | Floating      | 4.66%                 | Yes           |                  3 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367WYH0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   59757000 | PA      | $59776719.81   | 0.27%             | 2023-03-10      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XIV Ltd.                              | Symphony CLO Ltd., Series 2014-14A, Class AR                                | CUSIP: 87159QBV9<br>LEI: 54930085JMJSZBQ6N270 | Long             | ABS-CBDO         | CORP              | KY        |    1540537 | PA      | $1535890.63    | 0.01%             | 2026-07-14      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Toyota Finance Australia Ltd.                      | Toyota Finance Australia Ltd.                                               | CUSIP: 89237ESN8<br>LEI: 3UKPTDP5PGQRH8AUK042 | Long             | STIV             | CORP              | AU        |   21801000 | PA      | $21278846.65   | 0.10%             | 2023-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2D9<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   11451000 | PA      | $11136872.39   | 0.05%             | 2023-06-28      | Fixed         | 0.60%                 | Yes           |                  2 | On Loan: No      |
| Truist Bank                                        | Truist Bank                                                                 | CUSIP: 89788JAD1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   99246000 | PA      | $98342322.49   | 0.44%             | 2024-01-17      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                           | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   51914000 | PA      | $50975442.64   | 0.23%             | 2024-06-02      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                                  | CUSIP: 00774MAT2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   57979000 | PA      | $55406094.33   | 0.25%             | 2023-10-29      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55607LYM0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   84979000 | PA      | $80510870.46   | 0.36%             | 2023-11-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ares XXVII CLO Ltd.                                | Ares CLO Ltd., Series 2013-2A, Class XR2                                    | CUSIP: 00190YBB0<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |    4000000 | PA      | $3997340.00    | 0.02%             | 2034-10-28      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| AstraZeneca plc                                    | AstraZeneca plc                                                             | CUSIP: 046353AY4<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |  105787000 | PA      | $103483170.71  | 0.46%             | 2023-05-26      | Fixed         | 0.30%                 | No            |                  2 | On Loan: —       |
| Elevance Health, Inc.                              | Elevance Health, Inc.                                                       | CUSIP: 94973VBA4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    6166000 | PA      | $6153784.97    | 0.03%             | 2023-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners XIII Ltd.                      | OHA Credit Partners Ltd., Series 2016-13A, Class XR                         | CUSIP: 67110NAH8<br>LEI: 549300EX32IF3NZCVL73 | Long             | ABS-CBDO         | CORP              | KY        |    1500000 | PA      | $1499935.50    | 0.01%             | 2034-10-25      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XIX Ltd.                                 | Magnetite Ltd., Series 2017-19A, Class X                                    | CUSIP: 55954KAJ4<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |    3125000 | PA      | $3124884.38    | 0.01%             | 2034-04-17      | Floating      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 21684LEB4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   40547000 | PA      | $40552935.27   | 0.18%             | 2023-01-27      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO 10 Ltd.                                  | AIMCO CLO Ltd., Series 2019-10A, Class AR                                   | CUSIP: 00901AAJ6<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |    5000000 | PA      | $4875290.00    | 0.02%             | 2032-07-22      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                  | American Electric Power Co., Inc., Series M                                 | CUSIP: 025537AQ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    9684000 | PA      | $9279219.94    | 0.04%             | 2023-11-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                       | Humana, Inc.                                                                | CUSIP: 444859BP6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   16792000 | PA      | $16295214.05   | 0.07%             | 2023-08-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                       | Evergy, Inc.                                                                | CUSIP: 30035NNA9<br>LEI: 549300PGTHDQY6PSUI61 | Long             | STIV             | CORP              | US        |   48000000 | PA      | $47751266.88   | 0.21%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Quanta Services, Inc.                              | Quanta Services, Inc.                                                       | CUSIP: 74767HM56<br>LEI: SHVRXXEACT60MMH07S24 | Long             | STIV             | CORP              | US        |   15000000 | PA      | $14990614.65   | 0.07%             | 2022-12-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXIV                                    | Apidos CLO, Series 2016-24A, Class A1AL                                     | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |   35000000 | PA      | $34319320.00   | 0.15%             | 2030-10-20      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                                  | NatWest Group plc                                                           | CUSIP: 780097BK6<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   10045000 | PA      | $9774115.48    | 0.04%             | 2025-03-22      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO III Ltd.               | Benefit Street Partners CLO Ltd., Series 2013-IIIA, Class A1R2              | CUSIP: 08180EBJ2<br>LEI: 549300Y1V90IQ456QX97 | Long             | ABS-CBDO         | CORP              | KY        |   28191007 | PA      | $27840734.09   | 0.12%             | 2029-07-20      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Dryden 36 Senior Loan Fund                         | Dryden Senior Loan Fund, Series 2014-36A, Class AR3                         | CUSIP: 26249KAZ4<br>LEI: 549300XLLT7H0EYXK263 | Long             | ABS-CBDO         | CORP              | KY        |   42138787 | PA      | $41611672.53   | 0.19%             | 2029-04-15      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                  | CUSIP: 89355QMF0<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | STIV             | CORP              | CA        |   60000000 | PA      | $59894050.20   | 0.27%             | 2022-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank NA                                        | PNC Bank NA                                                                 | CUSIP: 69353RFL7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2978004.72    | 0.01%             | 2023-06-08      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GJY6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   75060000 | PA      | $72843699.63   | 0.33%             | 2024-06-14      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                       | OCP CLO Ltd., Series 2020-8RA, Class A1                                     | CUSIP: 670898AC9<br>LEI: 254900K70GBA8CMARX66 | Long             | ABS-CBDO         | CORP              | KY        |   35000000 | PA      | $34313370.00   | 0.15%             | 2032-01-17      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                       | BX Commercial Mortgage Trust, Series 2021-VOLT, Class A                     | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   13404255 | PA      | $12828851.89   | 0.06%             | 2036-09-15      | Floating      | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Booking Holdings, Inc.                             | Booking Holdings, Inc.                                                      | CUSIP: 741503BB1<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |     985000 | PA      | $980451.38     | 0.00%             | 2023-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                       | CUSIP: 04685A2S9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    9598000 | PA      | $9099671.84    | 0.04%             | 2024-01-08      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| BNZ International Funding Ltd.                     | BNZ International Funding Ltd.                                              | CUSIP: 05579HAJ1<br>LEI: 549300HVMZ89HDMELW08 | Long             | DBT              | CORP              | NZ        |   13260000 | PA      | $13209251.99   | 0.06%             | 2023-03-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBU3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   30294000 | PA      | $29983938.18   | 0.13%             | 2023-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                  | American Electric Power Co., Inc.                                           | CUSIP: 0255E3PE2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | STIV             | CORP              | US        |   30739000 | PA      | $30419983.90   | 0.14%             | 2023-02-14      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 21688AAR3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   60834000 | PA      | $60485421.18   | 0.27%             | 2024-01-12      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                  | CUSIP: 89352HAK5<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   25013000 | PA      | $24670594.04   | 0.11%             | 2023-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd.                                    | ICG US CLO Ltd., Series 2016-1A, Class XRR                                  | CUSIP: 44931NAS0<br>LEI: 635400A7LQADQPBLJB50 | Long             | ABS-CBDO         | CORP              | KY        |    2736844 | PA      | $2735308.63    | 0.01%             | 2034-04-29      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FMN9<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |    2999000 | PA      | $2966260.28    | 0.01%             | 2023-06-07      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.               | Caterpillar Financial Services Corp.                                        | CUSIP: 14913Q2L2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     590000 | PA      | $586193.41     | 0.00%             | 2023-05-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55608PBH6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  140000000 | PA      | $139917400.00  | 0.63%             | 2023-04-06      | Floating      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Lloyds Banking Group plc                           | Lloyds Banking Group plc                                                    | CUSIP: 53944YAN3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   45000000 | PA      | $43914752.10   | 0.20%             | 2024-05-11      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Citizens Bank NA                                   | Citizens Bank NA                                                            | CUSIP: 17401QAR2<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   16770000 | PA      | $16782711.16   | 0.08%             | 2023-03-29      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                       | BX Commercial Mortgage Trust, Series 2021-SOAR, Class A                     | CUSIP: 05608WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   23508225 | PA      | $22506152.03   | 0.10%             | 2038-06-15      | Floating      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                 | Metropolitan Life Global Funding I                                          | CUSIP: 59217GAX7<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |     243000 | PA      | $242517.96     | 0.00%             | 2023-01-10      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: —       |
| Sculptor CLO XXVII Ltd.                            | Sculptor CLO Ltd., Series 27A, Class X                                      | CUSIP: 81124UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4000000 | PA      | $3999820.00    | 0.02%             | 2034-07-20      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2021-P4, Class A2                    | CUSIP: 14687KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   10586387 | PA      | $10465312.33   | 0.05%             | 2025-04-10      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd.                                      | Voya CLO Ltd., Series 2015-1A, Class A1R                                    | CUSIP: 92914NAJ0<br>LEI: 54930085W413OSH6FR69 | Long             | ABS-CBDO         | CORP              | KY        |   11677597 | PA      | $11529501.97   | 0.05%             | 2029-01-18      | Floating      | 5.09%                 | Yes           |                  3 | On Loan: No      |
| Venture 43 CLO Ltd.                                | Venture CLO Ltd., Series 2021-43A, Class X                                  | CUSIP: 92290CAA7<br>LEI: 549300OLN5VHTMLSN650 | Long             | ABS-CBDO         | CORP              | KY        |    5000000 | PA      | $4996715.00    | 0.02%             | 2034-04-15      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TKE4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   64017000 | PA      | $64061692.83   | 0.29%             | 2023-07-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                        | Phillips 66                                                                 | CUSIP: 718546AU8<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $4987843.20    | 0.02%             | 2023-04-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550L2D2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    8715000 | PA      | $8364374.55    | 0.04%             | 2023-05-05      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| Parker-Hannifin Corp.                              | Parker-Hannifin Corp.                                                       | CUSIP: 70109MNR1<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   30000000 | PA      | $29779826.70   | 0.13%             | 2023-01-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Svensk Exportkredit AB                             | Svensk Exportkredit AB                                                      | CUSIP: 87031CAA1<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |   28420000 | PA      | $28530738.25   | 0.13%             | 2023-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust, Series 2018-B2, Class A2               | CUSIP: 17327FAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6000000 | PA      | $5960889.00    | 0.03%             | 2051-03-10      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                     | CUSIP: 233851DD3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |     250000 | PA      | $249038.51     | 0.00%             | 2023-02-22      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: —       |
| BX Trust                                           | BX Trust, Series 2022-IND, Class A                                          | CUSIP: 05609WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   20888460 | PA      | $20292878.10   | 0.09%             | 2037-04-15      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                             | CUSIP: 65558UQY1<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  183097000 | PA      | $183138921.89  | 0.82%             | 2022-12-23      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Kia Corp.                                          | Kia Corp.                                                                   | CUSIP: 493738AE8<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |    8970000 | PA      | $8878057.50    | 0.04%             | 2023-04-25      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                     | MUFG Bank Ltd.                                                              | CUSIP: 62479MSW4<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   45800000 | PA      | $44641500.45   | 0.20%             | 2023-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBT6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   31052000 | PA      | $31045110.49   | 0.14%             | 2023-02-22      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                | CUSIP: 63254WAA8<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    3563000 | PA      | $3562645.45    | 0.02%             | 2022-12-13      | Floating      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GPN5<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |   18950000 | PA      | $18734930.20   | 0.08%             | 2023-02-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                   | Skandinaviska Enskilda Banken AB                                            | CUSIP: 83051GAM0<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   10957000 | PA      | $10948476.33   | 0.05%             | 2022-12-12      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                                | CUSIP: 902613AR9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   71499000 | PA      | $70029114.26   | 0.31%             | 2025-08-05      | Variable      | 4.49%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FKQ4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |   46823000 | PA      | $46393369.01   | 0.21%             | 2023-04-28      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Aimco CLO 12 Ltd.                                  | Aimco CLO Ltd., Series 2020-12A, Class AR                                   | CUSIP: 00140LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    3689000 | PA      | $3616459.50    | 0.02%             | 2032-01-17      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                       | BX Commercial Mortgage Trust, Series 2020-VKNG, Class A                     | CUSIP: 12433YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   30373970 | PA      | $29386742.94   | 0.13%             | 2037-10-15      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| VW Credit, Inc.                                    | VW Credit, Inc.                                                             | CUSIP: 91842KNK8<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   17550000 | PA      | $17436900.08   | 0.08%             | 2023-01-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAP4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   16442000 | PA      | $16383712.29   | 0.07%             | 2023-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BPM6<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |   10000000 | PA      | $9884883.60    | 0.04%             | 2023-02-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2021-2, Class A2A                           | CUSIP: 14314QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     448572 | PA      | $447850.52     | 0.00%             | 2024-06-17      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXXVI Ltd.                    | Madison Park Funding Ltd., Series 2019-36A, Class X                         | CUSIP: 55819PAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1500000 | PA      | $1497721.50    | 0.01%             | 2035-04-15      | Floating      | 4.91%                 | Yes           |                  3 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06368EA44<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   14990000 | PA      | $14899910.10   | 0.07%             | 2023-12-08      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61772BAA1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   38073000 | PA      | $37317373.16   | 0.17%             | 2024-04-05      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| KNDL Mortgage Trust                                | KNDL Mortgage Trust, Series 2019-KNSQ, Class A                              | CUSIP: 482598AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5600000 | PA      | $5522225.52    | 0.02%             | 2036-05-15      | Floating      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Laboratory Corp. of America Holdings               | Laboratory Corp. of America Holdings                                        | CUSIP: 50540RAN2<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1877257.42    | 0.01%             | 2023-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp                                                         | CUSIP: 316773CZ1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   18545000 | PA      | $18277193.32   | 0.08%             | 2023-05-05      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                | Bank of Nova Scotia (The)                                                   | CUSIP: 06417MWU5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |  153980000 | PA      | $154039514.81  | 0.69%             | 2023-03-24      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos., Inc.                                | Carlisle Cos., Inc.                                                         | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    2027000 | PA      | $1955841.68    | 0.01%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Galaxy XV CLO Ltd.                                 | Galaxy CLO Ltd., Series 2013-15A, Class ARR                                 | CUSIP: 36318WAK6<br>LEI: 549300MJK1HWQWCLYA68 | Long             | ABS-CBDO         | CORP              | KY        |   28160000 | PA      | $27734080.00   | 0.12%             | 2030-10-15      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1SQ4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   52540000 | PA      | $51285206.09   | 0.23%             | 2023-05-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                              | CUSIP: 74368CAR5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    8062000 | PA      | $7898537.23    | 0.04%             | 2023-06-09      | Fixed         | 1.08%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2022-P1, Class A2                    | CUSIP: 14688DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   54934930 | PA      | $54301591.08   | 0.24%             | 2025-05-12      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RAU6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   20595000 | PA      | $19400129.38   | 0.09%             | 2024-10-16      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAQ2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   13182000 | PA      | $13188608.66   | 0.06%             | 2023-03-05      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp.                                                                | CUSIP: 67066GAK0<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   39037000 | PA      | $38075294.23   | 0.17%             | 2023-06-15      | Fixed         | 0.31%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                | CUSIP: 67077VMU9<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   23600000 | PA      | $23518409.61   | 0.11%             | 2022-12-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55607LVJ0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |    9745000 | PA      | $9373515.73    | 0.04%             | 2023-08-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                     | Thermo Fisher Scientific, Inc.                                              | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  143174000 | PA      | $142951474.67  | 0.64%             | 2023-04-18      | Floating      | 4.17%                 | No            |                  2 | On Loan: —       |
| Westpac Securities NZ Ltd.                         | Westpac Securities NZ Ltd.                                                  | CUSIP: 96122HP23<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |   54500000 | PA      | $54084250.02   | 0.24%             | 2023-02-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                          | CUSIP: 22535WAF4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    1916000 | PA      | $1918801.12    | 0.01%             | 2023-04-24      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                         | CUSIP: 55607LPU2<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   38200000 | PA      | $37752105.00   | 0.17%             | 2023-02-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                        | Raytheon Technologies Corp.                                                 | CUSIP: 75513GS80<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |   12000000 | PA      | $11707227.96   | 0.05%             | 2023-05-08      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                          | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   92141000 | PA      | $92043524.96   | 0.41%             | 2023-03-09      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                        | Nationwide Building Society                                                 | CUSIP: 63859UBE2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   57331000 | PA      | $57089999.97   | 0.26%             | 2023-01-27      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                  | CUSIP: 63873QTE4<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |   94460000 | PA      | $94541126.97   | 0.42%             | 2023-03-24      | Floating      | 4.41%                 | 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        |    9728670 | NS      | $9728670.11    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Financial Services Corp.               | Caterpillar Financial Services Corp.                                        | CUSIP: 14912L5X5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     971000 | PA      | $960038.40     | 0.00%             | 2023-11-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                          | CUSIP: 37045XDG8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   18436000 | PA      | $17440320.68   | 0.08%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Zoetis, Inc.                                       | Zoetis, Inc.                                                                | CUSIP: 98978VAB9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   33982000 | PA      | $33883743.77   | 0.15%             | 2023-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MBF6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   10000000 | PA      | $9885962.70    | 0.04%             | 2023-10-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                       | Humana, Inc.                                                                | CUSIP: 444859BJ0<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   21770000 | PA      | $21755560.61   | 0.10%             | 2022-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                   | Burlington Northern Santa Fe LLC                                            | CUSIP: 12189LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3856000 | PA      | $3834904.44    | 0.02%             | 2023-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114WY74<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |    5344000 | PA      | $5282890.02    | 0.02%             | 2023-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Magnetite XVI Ltd.                                 | Magnetite XVI Ltd., Series 2015-16A, Class AR                               | CUSIP: 55953RAL5<br>LEI: 549300Z3WHVYABE20I45 | Long             | ABS-CBDO         | CORP              | KY        |    7721503 | PA      | $7655384.17    | 0.03%             | 2028-01-18      | Floating      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                | DBGS Mortgage Trust, Series 2018-BIOD, Class A                              | CUSIP: 23306GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   26339210 | PA      | $25742913.55   | 0.12%             | 2035-05-15      | Floating      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| Elevance Health, Inc.                              | Elevance Health, Inc.                                                       | CUSIP: 036752AF0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    6928000 | PA      | $6928000.00    | 0.03%             | 2022-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust, Series 2021-3A, Class A2             | CUSIP: 96043JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2247343 | PA      | $2229139.11    | 0.01%             | 2024-09-16      | Fixed         | 0.57%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GKS7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   75312000 | PA      | $73445617.26   | 0.33%             | 2025-04-25      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners plc                 | Coca-Cola Europacific Partners plc                                          | CUSIP: 19123MAD5<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |   54995000 | PA      | $53814536.72   | 0.24%             | 2023-05-05      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Citigroup Global Markets, Inc.                                              | CUSIP: 17327BSH9<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   63509000 | PA      | $61964884.73   | 0.28%             | 2023-05-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | Cooperatieve Rabobank UA                                                    | CUSIP: 21684XXS0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   40743000 | PA      | $40305951.47   | 0.18%             | 2023-05-17      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2022-2, Class A2A                           | CUSIP: 14317HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   17275917 | PA      | $17073510.42   | 0.08%             | 2025-05-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                     | AutoZone, Inc.                                                              | CUSIP: 053332AN2<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    5100000 | PA      | $5086276.31    | 0.02%             | 2023-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Magnetite XXV Ltd.                                 | Magnetite Ltd., Series 2020-25A, Class A                                    | CUSIP: 55955GAA1<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   20250000 | PA      | $19941653.25   | 0.09%             | 2032-01-25      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                 | Oversea-Chinese Banking Corp. Ltd.                                          | CUSIP: 69033MQ67<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  137489000 | PA      | $137524488.66  | 0.62%             | 2023-01-24      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                          | CUSIP: 15200LM89<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |   12500000 | PA      | $12488538.88   | 0.06%             | 2022-12-08      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                         | Procter & Gamble Co. (The)                                                  | CUSIP: 74271URJ1<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | STIV             | CORP              | US        |   63530000 | PA      | $62372446.55   | 0.28%             | 2023-04-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.                    | Canadian Natural Resources Ltd.                                             | CUSIP: 136385AW1<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   19006000 | PA      | $18990251.82   | 0.08%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken                              | Svenska Handelsbanken                                                       | CUSIP: 86959RA26<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  111881000 | PA      | $110795539.49  | 0.50%             | 2023-06-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                     | HSBC USA, Inc.                                                              | CUSIP: 40434RV17<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |    7400000 | PA      | $7131617.61    | 0.03%             | 2023-08-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Humana, Inc.                                       | Humana, Inc.                                                                | CUSIP: 444859BA9<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   15124000 | PA      | $15124000.00   | 0.07%             | 2022-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    9809000 | PA      | $9749274.37    | 0.04%             | 2023-02-10      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06367CX77<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   54100000 | PA      | $53595627.32   | 0.24%             | 2023-07-21      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RAT9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   15819000 | PA      | $15450632.12   | 0.07%             | 2024-03-28      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                          | CUSIP: 15189WAN0<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   16053000 | PA      | $16040095.96   | 0.07%             | 2023-03-02      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Longfellow Place CLO Ltd.                          | Longfellow Place CLO Ltd., Series 2013-1A, Class AR3                        | CUSIP: 54303PAY1<br>LEI: 549300FY38ZCUKZQU403 | Long             | ABS-CBDO         | CORP              | KY        |    6734615 | PA      | $6679229.61    | 0.03%             | 2029-04-15      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corp.                                | Union Pacific Corp.                                                         | CUSIP: 907818DN5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    6395000 | PA      | $6343381.35    | 0.03%             | 2023-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDK4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    9506000 | PA      | $9273544.36    | 0.04%             | 2023-07-07      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| Oracle Corp.                                       | Oracle Corp.                                                                | CUSIP: 68389XBL8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    3827000 | PA      | $3748851.36    | 0.02%             | 2023-09-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AT1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   44340000 | PA      | $44177857.04   | 0.20%             | 2023-03-02      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                          | United Overseas Bank Ltd.                                                   | CUSIP: 91127QQX0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | STIV             | CORP              | SG        |   26900000 | PA      | $26460859.65   | 0.12%             | 2023-03-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                          | CUSIP: 22535WAE7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  119265000 | PA      | $118494848.65  | 0.53%             | 2023-04-24      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Emera US Finance LP                                | Emera US Finance LP                                                         | CUSIP: 29103DAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   11121000 | PA      | $10307748.63   | 0.05%             | 2024-06-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| ONE Gas, Inc.                                      | ONE Gas, Inc.                                                               | CUSIP: 68235PAJ7<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |   24495000 | PA      | $24440973.83   | 0.11%             | 2023-03-11      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bk Abp                                                               | CUSIP: 65558UWQ1<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |   93036000 | PA      | $92214455.84   | 0.41%             | 2023-09-05      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                 | GS Mortgage Securities Corp. Trust, Series 2021-RENT, Class A               | CUSIP: 36260XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4948778 | PA      | $4757574.29    | 0.02%             | 2035-11-21      | Floating      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                    | CUSIP: 75951AAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4360000 | PA      | $4298908.81    | 0.02%             | 2023-09-19      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                  | CUSIP: 63873KQU4<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  120852000 | PA      | $118975155.15  | 0.53%             | 2023-03-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05964HAE5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   87264000 | PA      | $86786553.35   | 0.39%             | 2023-02-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                           | Bristol-Myers Squibb Co.                                                    | CUSIP: 110122CZ9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     410000 | PA      | $408932.66     | 0.00%             | 2023-02-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                   | HSBC Bank USA NA                                                            | CUSIP: 40435RNP2<br>LEI: 1IE8VN30JCEQV1H4R804 | Long             | STIV             | CORP              | US        |   53686000 | PA      | $53166819.87   | 0.24%             | 2023-08-10      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 21684XYR1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   69508000 | PA      | $68993926.48   | 0.31%             | 2023-05-31      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The)                                         | CUSIP: 06406RAM9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    1210000 | PA      | $1205217.86    | 0.01%             | 2023-01-27      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                     | CUSIP: 85324UT60<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   38300000 | PA      | $37271142.89   | 0.17%             | 2023-06-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FPA4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |   12722000 | PA      | $12725439.77   | 0.06%             | 2022-12-27      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                             | Marlette Funding Trust, Series 2022-1A, Class A                             | CUSIP: 57109KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2296346 | PA      | $2245264.32    | 0.01%             | 2032-04-15      | Fixed         | 1.36%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                    | Palmer Square Loan Funding Ltd., Series 2020-1A, Class A1                   | CUSIP: 69701EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    5424079 | PA      | $5366659.42    | 0.02%             | 2028-02-20      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                            | CUSIP: 74256LED7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   75151000 | PA      | $73886159.07   | 0.33%             | 2023-05-11      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: —       |
| Neuberger Berman CLO XIV Ltd.                      | Neuberger Berman CLO Ltd., Series 2013-14A, Class AR2                       | CUSIP: 64129JBE9<br>LEI: 549300Z5ZNFT7IECFZ07 | Long             | ABS-CBDO         | CORP              | KY        |   15602516 | PA      | $15381834.13   | 0.07%             | 2030-01-28      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Berkshire Hathaway Energy Co.                      | Berkshire Hathaway Energy Co.                                               | CUSIP: 59562VAY3<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1974453.48    | 0.01%             | 2023-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                             | WEC Energy Group, Inc.                                                      | CUSIP: 92939UAC0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   15845000 | PA      | $15285574.05   | 0.07%             | 2023-09-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                | CUSIP: 02665WDV0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   99001000 | PA      | $99029298.45   | 0.44%             | 2023-02-22      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                         | Sherwin-Williams Co. (The)                                                  | CUSIP: 824348BQ8<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   10400000 | PA      | $10236621.30   | 0.05%             | 2024-08-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| Equitable Financial Life Global Funding            | Equitable Financial Life Global Funding                                     | CUSIP: 29449WAG2<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |     247000 | PA      | $243217.91     | 0.00%             | 2023-04-06      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BN30<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |   65000000 | PA      | $64724977.85   | 0.29%             | 2023-01-03      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YBJ7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   63901000 | PA      | $61388164.74   | 0.27%             | 2024-09-08      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                             | 3M Co.                                                                      | CUSIP: 88579YAX9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    5202000 | PA      | $5166855.08    | 0.02%             | 2023-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| Enterprise Products Operating LLC                  | Enterprise Products Operating LLC                                           | CUSIP: 29379VAZ6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   85829000 | PA      | $85431087.31   | 0.38%             | 2023-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Chevron Phillips Chemical Co. LLC                  | Chevron Phillips Chemical Co. LLC                                           | CUSIP: 166754AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4703000 | PA      | $4655381.89    | 0.02%             | 2023-05-01      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                    | CUSIP: 75951AAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    9976000 | PA      | $9932487.18    | 0.04%             | 2023-01-21      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                  | CUSIP: 63873QWD2<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |   83095000 | PA      | $82313474.08   | 0.37%             | 2023-09-08      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| FFCB Funding Corp.                                 | FFCB Funding Corp.                                                          | CUSIP: 3133EN3A6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |    5200000 | PA      | $5200110.50    | 0.02%             | 2023-09-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XV                            | Neuberger Berman CLO, Series 2013-15A, Class A1R2                           | CUSIP: 64129KBE6<br>LEI: 549300UTI4Y2IA4RUP16 | Long             | ABS-CBDO         | CORP              | KY        |   24276666 | PA      | $23896032.15   | 0.11%             | 2029-10-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61746BDJ2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    5500000 | PA      | $5486085.00    | 0.02%             | 2023-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AmerisourceBergen Corp.                            | AmerisourceBergen Corp.                                                     | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   19780000 | PA      | $19538534.27   | 0.09%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Magnetite XVII Ltd.                                | Magnetite Ltd., Series 2016-17A, Class AR                                   | CUSIP: 55954EAQ2<br>LEI: 5493003SVWF9GG13MZ22 | Long             | ABS-CBDO         | CORP              | KY        |    4000000 | PA      | $3935124.00    | 0.02%             | 2031-07-20      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                           | Benchmark Mortgage Trust, Series 2018-B3, Class A2                          | CUSIP: 08161BAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2341507 | PA      | $2327470.91    | 0.01%             | 2051-04-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| KKR CLO Ltd.                                       | KKR CLO Ltd., Series 24, Class A1R                                          | CUSIP: 48252RAL8<br>LEI: 549300LGO0WGOG6NE245 | Long             | ABS-CBDO         | CORP              | KY        |   10000000 | PA      | $9789090.00    | 0.04%             | 2032-04-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets plc                  | Lloyds Bank Corporate Markets plc                                           | CUSIP: 53947BG87<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |   70740000 | PA      | $70755974.51   | 0.32%             | 2023-03-22      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                           | CUSIP: 95000U2T9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   19800000 | PA      | $18454194.00   | 0.08%             | 2025-05-19      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding               | Jackson National Life Global Funding                                        | CUSIP: 46849LTN1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   22504000 | PA      | $22506137.88   | 0.10%             | 2023-01-06      | Floating      | 4.42%                 | Yes           |                  2 | On Loan: No      |
| Westpac Securities NZ Ltd.                         | Westpac Securities NZ Ltd.                                                  | CUSIP: 96122HNJ8<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |   21550000 | PA      | $21427715.17   | 0.10%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015DYN4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  103570000 | PA      | $98134749.97   | 0.44%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| DNB Bank ASA                                       | DNB Bank ASA                                                                | CUSIP: 2332K1YH7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  188329000 | PA      | $179088658.33  | 0.80%             | 2023-11-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                  | CUSIP: 00206RMH2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   24755000 | PA      | $24571606.54   | 0.11%             | 2024-03-25      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FUE0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |   96153000 | PA      | $95725887.41   | 0.43%             | 2023-10-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec        | Federation des Caisses Desjardins du Quebec                                 | CUSIP: 31429KAE3<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   26044000 | PA      | $24332012.51   | 0.11%             | 2024-05-21      | Fixed         | 0.70%                 | Yes           |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BMK3<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |   35000000 | PA      | $34920717.30   | 0.16%             | 2022-12-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RAL6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   21607000 | PA      | $21370661.77   | 0.10%             | 2023-09-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159TE6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   24106000 | PA      | $24004137.93   | 0.11%             | 2023-02-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: —       |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607HR38<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   95598000 | PA      | $94504104.59   | 0.42%             | 2025-04-07      | Floating      | 4.76%                 | No            |                  2 | On Loan: —       |
| Parker-Hannifin Corp.                              | Parker-Hannifin Corp.                                                       | CUSIP: 70109MNW0<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   25000000 | PA      | $24795311.00   | 0.11%             | 2023-01-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2021-P3, Class A2                    | CUSIP: 14687JAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   18215230 | PA      | $18002854.74   | 0.08%             | 2025-01-10      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                  | CUSIP: 49327M2Z6<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    3444000 | PA      | $3411841.10    | 0.02%             | 2023-03-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236THU2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     881000 | PA      | $839545.54     | 0.00%             | 2024-01-11      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GM57<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |   34500000 | PA      | $34480588.92   | 0.15%             | 2022-12-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO Ltd.                                       | KKR CLO Ltd., Series 32A, Class A1                                          | CUSIP: 48254HAA2<br>LEI: 5493004Y6G18HN4CQ515 | Long             | ABS-CBDO         | CORP              | KY        |   18000000 | PA      | $17731404.00   | 0.08%             | 2032-01-15      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GHC6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   41219000 | PA      | $41170721.01   | 0.18%             | 2023-12-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                     | CUSIP: 85325VAJ9<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |    7111000 | PA      | $7028662.23    | 0.03%             | 2023-05-26      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Fox Corp.                                          | Fox Corp.                                                                   | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    2511000 | PA      | $2477497.76    | 0.01%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                       | OCP CLO Ltd., Series 2019-17A, Class A1R                                    | CUSIP: 67113LAL0<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |   13000000 | PA      | $12628525.00   | 0.06%             | 2032-07-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund Ltd.                        | Atlas Senior Loan Fund Ltd., Series 2021-18A, Class X                       | CUSIP: 04943EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1733333 | PA      | $1731835.73    | 0.01%             | 2035-01-18      | Floating      | 5.04%                 | Yes           |                  3 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                                | CUSIP: 902613AM0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   33653000 | PA      | $32792248.47   | 0.15%             | 2026-05-12      | Variable      | 4.49%                 | Yes           |                  2 | On Loan: No      |
| NiSource, Inc.                                     | NiSource, Inc.                                                              | CUSIP: 65478KNK3<br>LEI: 549300D8GOWWH0SJB189 | Long             | STIV             | CORP              | US        |   24750000 | PA      | $24590500.11   | 0.11%             | 2023-01-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc.            | Citigroup Global Markets Holdings, Inc.                                     | CUSIP: 17329FXG4<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   29285000 | PA      | $27482423.91   | 0.12%             | 2024-06-07      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                     | NiSource, Inc.                                                              | CUSIP: 65478KNJ6<br>LEI: 549300D8GOWWH0SJB189 | Long             | STIV             | CORP              | US        |   30000000 | PA      | $29810941.80   | 0.13%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.          | Carlyle Global Market Strategies CLO Ltd., Series 2015-1A, Class AR3        | CUSIP: 14311DBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7819220 | PA      | $7682086.72    | 0.03%             | 2031-07-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd.                                          | BXMT Ltd., Series 2020-FL3, Class A                                         | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   45000000 | PA      | $44198055.00   | 0.20%             | 2037-11-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115BBK5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  111800000 | PA      | $111775467.73  | 0.50%             | 2023-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Trust & Banking Corp.               | Mitsubishi UFJ Trust & Banking Corp.                                        | CUSIP: 60683DAZ2<br>LEI: JBONEPAGQXF4QP29B387 | Long             | STIV             | CORP              | JP        |   40700000 | PA      | $40709434.67   | 0.18%             | 2023-03-03      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                              | Walt Disney Co. (The)                                                       | CUSIP: 2546R3PN8<br>LEI: 549300GZKULIZ0WOW665 | Long             | STIV             | CORP              | US        |   36000000 | PA      | $35618807.88   | 0.16%             | 2023-02-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Principal Financial Group, Inc.                    | Principal Financial Group, Inc.                                             | CUSIP: 74251VAH5<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    5375000 | PA      | $5337930.67    | 0.02%             | 2023-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO X Ltd.                 | Benefit Street Partners CLO Ltd., Series 2016-10A, Class X                  | CUSIP: 08181LAS6<br>LEI: 549300MYLNCW81S1Y182 | Long             | ABS-CBDO         | CORP              | KY        |     231250 | PA      | $231195.19     | 0.00%             | 2034-04-20      | Floating      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| NatWest Markets plc                                | NatWest Markets plc                                                         | CUSIP: 63906YAC2<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   19015000 | PA      | $18712357.26   | 0.08%             | 2024-08-12      | Floating      | 4.34%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                | CUSIP: 64952WDP5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    8899000 | PA      | $8762358.70    | 0.04%             | 2023-05-05      | Fixed         | 1.10%                 | Yes           |                  2 | On Loan: —       |
| JPMorgan U.S. Government Money Market Fund         | JPMorgan U.S. Government Money Market Fund, Class IM                        | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        | 2784400263 | NS      | $2784400263.28 | 12.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Securities LLC                         | Wells Fargo Securities LLC                                                  | CUSIP: 0SX001BY5<br>LEI: VYVVCKR63DVZZN70PB21 | Long             | RA               | CORP              | US        |  100000000 | PA      | $100000000.00  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                    | CUSIP: 74977RDE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    2850000 | PA      | $2814622.64    | 0.01%             | 2023-09-26      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| AIG Global Funding                                 | AIG Global Funding                                                          | CUSIP: 00138CAM0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    8310000 | PA      | $8101369.39    | 0.04%             | 2023-07-07      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO 14 Ltd.          | Goldentree Loan Management US CLO Ltd., Series 2022-14A, Class X            | CUSIP: 38136RAA5<br>LEI: 549300QXPI5JCSVZ9W25 | Long             | ABS-CBDO         | CORP              | JE        |    3228750 | PA      | $3228614.39    | 0.01%             | 2035-07-20      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| LCM XXIV Ltd.                                      | LCM Ltd., Series 24A, Class AR                                              | CUSIP: 50188YAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   32198578 | PA      | $31553576.19   | 0.14%             | 2030-03-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Toyota Finance Australia Ltd.                      | Toyota Finance Australia Ltd.                                               | CUSIP: 89237ES81<br>LEI: 3UKPTDP5PGQRH8AUK042 | Long             | STIV             | CORP              | AU        |   39386000 | PA      | $38524749.49   | 0.17%             | 2023-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86563VAX7<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   33827000 | PA      | $33579284.88   | 0.15%             | 2024-09-16      | Floating      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Magnetite VIII Ltd.                                | Magnetite Ltd., Series 2014-8A, Class AR2                                   | CUSIP: 55952YAP2<br>LEI: 549300NJNSVWVLHGRY73 | Long             | ABS-CBDO         | CORP              | KY        |    1974188 | PA      | $1939012.10    | 0.01%             | 2031-04-15      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                 | CUSIP: 14040HCD5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   95472000 | PA      | $94436640.53   | 0.42%             | 2023-05-11      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                  | CUSIP: 89355QMT0<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | STIV             | CORP              | CA        |    6900000 | PA      | $6877230.00    | 0.03%             | 2022-12-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                                    | CUSIP: 693475AV7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    9103000 | PA      | $8962899.73    | 0.04%             | 2024-01-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                            | National Bank of Canada                                                     | CUSIP: 63307A2J3<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   68667000 | PA      | $68389052.46   | 0.31%             | 2023-02-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015JGE1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |   81567000 | PA      | $81152850.08   | 0.36%             | 2023-09-22      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13608BUS1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   84793000 | PA      | $81912200.22   | 0.37%             | 2023-07-26      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.          | Consolidated Edison Co. of New York, Inc.                                   | CUSIP: 20911MM87<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |   16233000 | PA      | $16218054.76   | 0.07%             | 2022-12-08      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550L2F7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   50000000 | PA      | $47642181.00   | 0.21%             | 2023-08-09      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial                    | Credit Industriel et Commercial                                             | CUSIP: 22536MP93<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | FR        |   20180000 | PA      | $20008066.40   | 0.09%             | 2023-02-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                           | Svenska Handelsbanken AB                                                    | CUSIP: 86960KNJ7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   86648000 | PA      | $86160682.12   | 0.39%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ryder System, Inc.                                 | Ryder System, Inc.                                                          | CUSIP: 78355HKG3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2986631.55    | 0.01%             | 2023-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Telstra Corp. Ltd.                                 | Telstra Corp. Ltd.                                                          | CUSIP: 8796V5NC9<br>LEI: PCTXNQGRJVR3OG33JG65 | Long             | STIV             | CORP              | AU        |  102800000 | PA      | $102282199.48  | 0.46%             | 2023-01-12      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Newark BSL CLO 1 Ltd.                              | Newark BSL CLO Ltd., Series 2016-1A, Class A1R                              | CUSIP: 65023TAJ1<br>LEI: 549300R0C043JWD1XY94 | Long             | ABS-CBDO         | CORP              | KY        |   19232992 | PA      | $18904762.05   | 0.08%             | 2029-12-21      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822BV5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   47145000 | PA      | $45322476.13   | 0.20%             | 2024-09-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank (The)                                                 | CUSIP: 89115B7A2<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  143784000 | PA      | $142590598.55  | 0.64%             | 2023-07-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891AAW7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     837000 | PA      | $831885.93     | 0.00%             | 2023-06-08      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06053FAA7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1101000 | PA      | $1096558.33    | 0.00%             | 2023-07-24      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                       | OCP CLO Ltd., Series 2020-19A, Class XR                                     | CUSIP: 670881AL5<br>LEI: 254900ZMV4RGFPV8TK42 | Long             | ABS-CBDO         | CORP              | KY        |     468750 | PA      | $468618.75     | 0.00%             | 2034-10-20      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61747YEA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23164606.25   | 0.10%             | 2025-05-30      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| Kookmin Bank                                       | Kookmin Bank                                                                | CUSIP: 50049QQ94<br>LEI: 549300XXMOJSIW8P4769 | Long             | STIV             | CORP              | KR        |   76722000 | PA      | $75750411.77   | 0.34%             | 2023-03-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GN64<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |   23540000 | PA      | $23430885.51   | 0.10%             | 2023-01-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXXI                                    | Apidos CLO, Series 2019-31A, Class A1R                                      | CUSIP: 03767VAG3<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   28565000 | PA      | $27949110.04   | 0.13%             | 2031-04-15      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                     | MUFG Bank Ltd.                                                              | CUSIP: 55380UD53<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   91130000 | PA      | $91170827.15   | 0.41%             | 2023-05-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard, Inc.                     | Alimentation Couche-Tard, Inc.                                              | CUSIP: 01626VNH2<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |  110000000 | PA      | $109312133.70  | 0.49%             | 2023-01-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                  | CIFC Funding Ltd., Series 2017-5A, Class A1                                 | CUSIP: 12551MAA7<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-CBDO         | CORP              | KY        |   26090000 | PA      | $25758135.20   | 0.12%             | 2030-11-16      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Svenska Handelsbanken                              | Svenska Handelsbanken                                                       | CUSIP: 86959RYG9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  171141000 | PA      | $169813464.40  | 0.76%             | 2023-03-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                | CUSIP: 63254GUP8<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  193244000 | PA      | $193297994.31  | 0.86%             | 2023-01-03      | Floating      | 4.29%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015K7K4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   33530000 | PA      | $33372402.63   | 0.15%             | 2023-10-26      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                  | Eversource Energy, Series N                                                 | CUSIP: 30040WAG3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     174000 | PA      | $171938.24     | 0.00%             | 2023-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LCM XX LP                                          | LCM LP, Series 20A, Class AR                                                | CUSIP: 50188WAE8<br>LEI: 549300VQTTD2PAP2Y421 | Long             | ABS-CBDO         | CORP              | KY        |    6700274 | PA      | $6648882.45    | 0.03%             | 2027-10-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                         | Procter & Gamble Co. (The)                                                  | CUSIP: 74271UR51<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | STIV             | CORP              | US        |   57850000 | PA      | $56908896.20   | 0.25%             | 2023-04-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| 522 Funding CLO Ltd.                               | 522 Funding CLO Ltd., Series 2019-4A, Class AR                              | CUSIP: 33834WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   46421224 | PA      | $45729594.01   | 0.20%             | 2030-04-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                          | CUSIP: 13608BS21<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   98836000 | PA      | $96828566.71   | 0.43%             | 2023-05-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61747YEQ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   95300000 | PA      | $92883158.65   | 0.42%             | 2025-04-17      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Shire Acquisitions Investments Ireland DAC         | Shire Acquisitions Investments Ireland DAC                                  | CUSIP: 82481LAC3<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |     130000 | PA      | $127528.56     | 0.00%             | 2023-09-23      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                | CUSIP: 63254AAY4<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    3345000 | PA      | $3323224.05    | 0.01%             | 2023-04-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CBAM Ltd.                                          | CBAM Ltd., Series 2017-2A, Class XR                                         | CUSIP: 12481KAQ1<br>LEI: 254900JYLIAZT0YFW632 | Long             | ABS-CBDO         | CORP              | KY        |    1875000 | PA      | $1874930.63    | 0.01%             | 2034-07-17      | Floating      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Triton Container International Ltd.                | Triton Container International Ltd.                                         | CUSIP: 89680YAD7<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |   22739000 | PA      | $21914711.25   | 0.10%             | 2023-08-01      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Woori Bank                                         | Woori Bank                                                                  | CUSIP: 98107AAS2<br>LEI: 549300VUVMRL6RE7R376 | Long             | STIV             | CORP              | KR        |   35134000 | PA      | $35143139.06   | 0.16%             | 2023-08-18      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                    | CUSIP: 29279HNL5<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |    6543000 | PA      | $6496523.96    | 0.03%             | 2023-01-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05253CYL4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   68765000 | PA      | $65262617.01   | 0.29%             | 2023-11-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Lloyds Banking Group plc                           | Lloyds Banking Group plc                                                    | CUSIP: 539439AS8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   27349000 | PA      | $27098986.11   | 0.12%             | 2023-08-16      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets plc                             | BP Capital Markets plc                                                      | CUSIP: 05568UPN0<br>LEI: 549300CRVT18MXX0AG93 | Long             | STIV             | CORP              | GB        |   49074000 | PA      | $48482919.86   | 0.22%             | 2023-02-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.          | Consolidated Edison Co. of New York, Inc.                                   | CUSIP: 20911MM61<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |   25000000 | PA      | $24982808.25   | 0.11%             | 2022-12-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                 | State Street Corp.                                                          | CUSIP: 857477AM5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    6479000 | PA      | $6404307.63    | 0.03%             | 2023-11-20      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund         | JPMorgan U.S. Government Money Market Fund, Share Class IM                  | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    2569190 | NS      | $2569189.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BNA4<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |   25261000 | PA      | $25130099.01   | 0.11%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                     | Morgan Stanley Capital I Trust, Series 2018-H3, Class A2                    | CUSIP: 61767YAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3066264 | PA      | $3033384.07    | 0.01%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2A5<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    7007000 | PA      | $6575951.15    | 0.03%             | 2024-04-12      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust              | GM Financial Automobile Leasing Trust, Series 2022-2, Class A2              | CUSIP: 36266FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   66081376 | PA      | $65153084.94   | 0.29%             | 2024-10-21      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                            | CUSIP: 06369MN58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   31950000 | PA      | $31820027.40   | 0.14%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                    | Palmer Square Loan Funding Ltd., Series 2020-4A, Class A1                   | CUSIP: 69701PAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   29122588 | PA      | $28800783.65   | 0.13%             | 2028-11-25      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05253CYN0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   98754000 | PA      | $93694881.96   | 0.42%             | 2023-11-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                 | CUSIP: 89114QCJ5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     548000 | PA      | $529029.76     | 0.00%             | 2023-09-11      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                       | CUSIP: 9612C1NJ2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   69000000 | PA      | $68608461.57   | 0.31%             | 2023-01-18      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NTT Finance Corp.                                  | NTT Finance Corp.                                                           | CUSIP: 62954WAA3<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   84476000 | PA      | $83494388.88   | 0.37%             | 2023-03-03      | Fixed         | 0.37%                 | Yes           |                  2 | On Loan: —       |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                            | CUSIP: 097023CS2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   31519000 | PA      | $31405141.71   | 0.14%             | 2023-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO                            | Bain Capital Credit CLO, Series 2019-1A, Class X                            | CUSIP: 05683VAQ7<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |    4200000 | PA      | $4197526.20    | 0.02%             | 2034-04-19      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock CLO Ltd.                                 | Ballyrock CLO Ltd., Series 2019-1A, Class A1R                               | CUSIP: 05875JAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   42764000 | PA      | $41712176.66   | 0.19%             | 2032-07-15      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                            | CUSIP: 74256LEJ4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    1046000 | PA      | $994794.06     | 0.00%             | 2024-01-08      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                   | CUSIP: 89236THV0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   41950000 | PA      | $41818604.63   | 0.19%             | 2024-01-11      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                 | CUSIP: 87974WP69<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |    7000000 | PA      | $6936163.08    | 0.03%             | 2023-02-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KEB Hana Bank USA                                  | KEB Hana Bank USA                                                           | CUSIP: 48252QNH5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   56008000 | PA      | $55694355.20   | 0.25%             | 2023-01-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                          | CUSIP: 15189WAM2<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   25649000 | PA      | $25356665.27   | 0.11%             | 2023-03-02      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Marathon CLO XIII Ltd.                             | Marathon CLO Ltd., Series 2019-1A, Class AANR                               | CUSIP: 56579AAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   35000000 | PA      | $34318970.00   | 0.15%             | 2032-04-15      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015K7D0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     479000 | PA      | $477491.65     | 0.00%             | 2023-01-17      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                              | Quanta Services, Inc.                                                       | CUSIP: 74767HMD9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | STIV             | CORP              | US        |   15000000 | PA      | $14975180.85   | 0.07%             | 2022-12-13      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Citigroup Global Markets, Inc.                                              | CUSIP: 17327BV93<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |    8640000 | PA      | $8314254.72    | 0.04%             | 2023-08-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                          | CUSIP: 05565EBN4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   22838000 | PA      | $22688752.30   | 0.10%             | 2024-04-01      | Floating      | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Altria Group, Inc.                                 | Altria Group, Inc.                                                          | CUSIP: 02209SAP8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     195000 | PA      | $193270.83     | 0.00%             | 2023-05-02      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Venture CLO Ltd.                                   | Venture CLO Ltd., Series 2019-36A, Class XR                                 | CUSIP: 92332LAS8<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-CBDO         | CORP              | KY        |    2750000 | PA      | $2735323.27    | 0.01%             | 2032-04-20      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Life Global Funding               | Jackson National Life Global Funding                                        | CUSIP: 46849LSS1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   21256000 | PA      | $20683486.43   | 0.09%             | 2024-01-30      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VP75<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   51800000 | PA      | $51307753.41   | 0.23%             | 2023-02-07      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                             | CUSIP: 172967LZ2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    1937000 | PA      | $1921393.01    | 0.01%             | 2024-06-01      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Certificates        | Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class A      | CUSIP: 12653VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   28000000 | PA      | $27638486.40   | 0.12%             | 2036-05-15      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                    | CUSIP: 29279HNQ4<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |   96810000 | PA      | $96052286.52   | 0.43%             | 2023-01-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                  | CUSIP: 89355QP18<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | STIV             | CORP              | CA        |   75000000 | PA      | $74373543.75   | 0.33%             | 2023-02-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO Ltd.                                       | KKR CLO Ltd., Series 16, Class X                                            | CUSIP: 48251BAU4<br>LEI: 254900VCKMCY079T6M57 | Long             | ABS-CBDO         | CORP              | KY        |    3500000 | PA      | $3498806.50    | 0.02%             | 2034-10-20      | Floating      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                          | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   37000000 | PA      | $35800561.75   | 0.16%             | 2024-06-30      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets plc                             | BP Capital Markets plc                                                      | CUSIP: 05568UPM2<br>LEI: 549300CRVT18MXX0AG93 | Long             | STIV             | CORP              | GB        |   50200000 | PA      | $49606143.54   | 0.22%             | 2023-02-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC           | Daimler Trucks Finance North America LLC                                    | CUSIP: 233853AK6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   58479000 | PA      | $58117775.22   | 0.26%             | 2024-04-05      | Floating      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                       | Barclays plc                                                                | CUSIP: 06738EBQ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   29647000 | PA      | $28035348.17   | 0.13%             | 2024-12-10      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                       | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YBC2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   10000000 | PA      | $9933647.30    | 0.04%             | 2024-05-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                            | CUSIP: 22550UAB7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   40999000 | PA      | $38994148.90   | 0.17%             | 2024-02-02      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                              | Saudi Arabian Oil Co.                                                       | CUSIP: 80414L2G9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | NUSS              | SA        |    8000000 | PA      | $7680000.00    | 0.03%             | 2023-11-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: —       |
| Royal Bank of Canada                               | Royal Bank of Canada                                                        | CUSIP: 78015JA23<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |   73300000 | PA      | $72650862.53   | 0.33%             | 2023-08-04      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FKC5<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |   39988000 | PA      | $39631620.55   | 0.18%             | 2023-04-25      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXIV Ltd.                             | Symphony CLO Ltd., Series 2020-24A, Class A                                 | CUSIP: 87167QAC2<br>LEI: 5493007X3UVVYJ005O73 | Long             | ABS-CBDO         | CORP              | KY        |   28550000 | PA      | $28125033.25   | 0.13%             | 2032-01-23      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia                                | Bank of Nova Scotia (The)                                                   | CUSIP: 06417MZT5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   91172000 | PA      | $91200416.49   | 0.41%             | 2023-02-06      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust, Series 2021-3A, Class A3               | CUSIP: 30166AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1261366 | PA      | $1258897.82    | 0.01%             | 2025-02-18      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd.                                   | Mizuho Bank Ltd.                                                            | CUSIP: 60689QNA8<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |   11634000 | PA      | $11578443.46   | 0.05%             | 2023-01-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.          | Carlyle Global Market Strategies CLO Ltd., Series 2015-5A, Class A1RR       | CUSIP: 14312JAY8<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | KY        |    7485000 | PA      | $7321594.97    | 0.03%             | 2032-01-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                            | Dryden Senior Loan Fund, Series 2017-47A, Class A1R                         | CUSIP: 26245EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   28371277 | PA      | $28009713.83   | 0.13%             | 2028-04-15      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Venture 33 CLO Ltd.                                | Venture CLO Ltd., Series 2018-33A, Class A1LR                               | CUSIP: 92330YAN3<br>LEI: 549300NQPL9XHZ20E278 | Long             | ABS-CBDO         | CORP              | KY        |   11836000 | PA      | $11559889.79   | 0.05%             | 2031-07-15      | Floating      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                        | CUSIP: 378272AF5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   28801000 | PA      | $28595767.82   | 0.13%             | 2023-05-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust, Series 2018-C11, Class A2                    | CUSIP: 90276XAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1386839 | PA      | $1372030.27    | 0.01%             | 2051-06-15      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABJ5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   13857000 | PA      | $13873351.26   | 0.06%             | 2023-04-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                              | CUSIP: 74368CBD5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   62913000 | PA      | $62865788.83   | 0.28%             | 2022-12-09      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                          | TWDC Enterprises 18 Corp.                                                   | CUSIP: 25468PCW4<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    5400000 | PA      | $5400000.00    | 0.02%             | 2022-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: —       |
| Entergy Corp.                                      | Entergy Corp.                                                               | CUSIP: 29366GNH0<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |   10000000 | PA      | $9938666.70    | 0.04%             | 2023-01-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                | CUSIP: 63254AAE8<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    5600000 | PA      | $5588083.82    | 0.03%             | 2023-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Korea Development Bank (The)                       | Korea Development Bank (The)                                                | CUSIP: 5006E3SS0<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | KR        |   70956000 | PA      | $69208873.83   | 0.31%             | 2023-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159VM5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    5025000 | PA      | $4905355.91    | 0.02%             | 2023-06-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GXZ2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   77500000 | PA      | $76353613.03   | 0.34%             | 2024-03-08      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 30 Ltd.                | Octagon Investment Partners 30 Ltd., Series 2017-1A, Class A1R              | CUSIP: 675920AJ1<br>LEI: 549300CDNDWWERRAUA43 | Long             | ABS-CBDO         | CORP              | KY        |   35000000 | PA      | $34507025.00   | 0.15%             | 2030-03-17      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                          | CUSIP: 63743HFB3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   11905000 | PA      | $11860819.24   | 0.05%             | 2023-08-07      | Floating      | 4.21%                 | No            |                  2 | On Loan: —       |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668BD3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   80814000 | PA      | $80065175.86   | 0.36%             | 2023-05-12      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                   | CUSIP: 064159YM2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     166000 | PA      | $160359.55     | 0.00%             | 2023-09-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2021-4, Class A2A                           | CUSIP: 14317JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   14941577 | PA      | $14811651.50   | 0.07%             | 2024-11-15      | Fixed         | 0.24%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                          | CUSIP: 05565EAM7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    3130000 | PA      | $3068120.93    | 0.01%             | 2023-09-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: —       |
| Enbridge US, Inc.                                  | Enbridge US, Inc.                                                           | CUSIP: 29251VQ66<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   25000000 | PA      | $24651533.25   | 0.11%             | 2023-03-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA              | Banque Federative du Credit Mutuel SA                                       | CUSIP: 06675FAR8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   14865000 | PA      | $14717226.29   | 0.07%             | 2023-07-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                | Suncor Energy, Inc.                                                         | CUSIP: 86723BND8<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | CA        |   12600000 | PA      | $12529467.97   | 0.06%             | 2023-01-13      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust, Series 2022-6, Class A2             | CUSIP: 802918AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   47523000 | PA      | $47238128.13   | 0.21%             | 2025-05-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust, Series 2013-GC11, Class AS             | CUSIP: 17320DAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   12950249 | PA      | $12839163.06   | 0.06%             | 2046-04-10      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                        | Equinor ASA                                                                 | CUSIP: 85771PAG7<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | NUSS              | NO        |    1130000 | PA      | $1126849.68    | 0.01%             | 2023-01-17      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822CA0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   33780000 | PA      | $31000754.22   | 0.14%             | 2025-10-11      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                     | Commonwealth Bank of Australia                                              | CUSIP: 2027A0JY6<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    5300000 | PA      | $5304323.53    | 0.02%             | 2023-03-16      | Floating      | 4.18%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                          | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   55468000 | PA      | $54874031.46   | 0.25%             | 2023-03-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                             | Standard Chartered plc                                                      | CUSIP: 853254CK4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   10609000 | PA      | $10450526.37   | 0.05%             | 2026-03-30      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Walt Disney Co. (The)                              | Walt Disney Co. (The)                                                       | CUSIP: 2546R3PQ1<br>LEI: 549300GZKULIZ0WOW665 | Long             | STIV             | CORP              | US        |    5000000 | PA      | $4945628.90    | 0.02%             | 2023-02-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sydney Airport Finance Co. Pty. Ltd.               | Sydney Airport Finance Co. Pty. Ltd.                                        | CUSIP: 87124VAD1<br>LEI: 549300MJAANHLHOVTO40 | Long             | DBT              | CORP              | AU        |     650000 | PA      | $647422.15     | 0.00%             | 2023-03-22      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    1272000 | PA      | $1228895.39    | 0.01%             | 2023-09-18      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                             | CUSIP: 172967MR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     500000 | PA      | $491502.65     | 0.00%             | 2024-05-15      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                     | HSBC USA, Inc.                                                              | CUSIP: 40434RN65<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   14000000 | PA      | $13939322.04   | 0.06%             | 2023-01-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816BW8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    3130000 | PA      | $3104938.72    | 0.01%             | 2023-08-03      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                            | BMW Vehicle Lease Trust, Series 2021-2, Class A2                            | CUSIP: 09690AAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3821242 | PA      | $3810535.94    | 0.02%             | 2023-11-27      | Fixed         | 0.19%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                           | CUSIP: 26244JME6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   30000000 | PA      | $29950743.30   | 0.13%             | 2022-12-14      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| First Republic Bank                                | First Republic Bank                                                         | CUSIP: 33616CHQ6<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | DBT              | CORP              | US        |     592000 | PA      | $587014.69     | 0.00%             | 2024-02-12      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                  | NTT Finance Corp.                                                           | CUSIP: 62954WAB1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |     320000 | PA      | $302896.24     | 0.00%             | 2024-03-01      | Fixed         | 0.58%                 | Yes           |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding            | Equitable Financial Life Global Funding                                     | CUSIP: 29449WAH0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   63649000 | PA      | $63536610.51   | 0.28%             | 2023-04-06      | Floating      | 4.22%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    8363000 | PA      | $8282650.30    | 0.04%             | 2024-01-25      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                      | Sumitomo Mitsui Banking Corp.                                               | CUSIP: 86565FVT6<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  107685000 | PA      | $107799320.55  | 0.48%             | 2023-07-31      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| LCM 29 Ltd.                                        | LCM Ltd., Series 29A, Class AR                                              | CUSIP: 50201MAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   20000000 | PA      | $19452640.00   | 0.09%             | 2031-04-15      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GHR3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2392000 | PA      | $2328531.87    | 0.01%             | 2025-03-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                     | Enbridge, Inc.                                                              | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   29585000 | PA      | $29557234.77   | 0.13%             | 2023-02-17      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Southern Natural Gas Co. LLC                       | Southern Natural Gas Co. LLC                                                | CUSIP: 84346LAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4600000 | PA      | $4497011.66    | 0.02%             | 2023-04-28      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Leidos, Inc.                                       | Leidos, Inc.                                                                | CUSIP: 52532XAB1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   46063000 | PA      | $45584577.71   | 0.20%             | 2023-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**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