# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-066070
**Filing Date:** 2023-3
**Character Count:** 280978
**Document Hash:** bf2d49e6eb7fbdea4f3b3cd9ff4c9b1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066070.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066070

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23761659

**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 ActiveBuilders Emerging Markets Equity ETF (Series ID: S000071185)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000225965 | JPMorgan ActiveBuilders Emerging Markets Equity ETF | JEMA            |

## Nport-Ex

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — 99.4%** | **Common Stocks — 99.4%** | **Common Stocks — 99.4%** |
| **Australia — 0.1%** | **Australia — 0.1%** | **Australia — 0.1%** |
| &nbsp;&nbsp;&nbsp; AngloGold Ashanti Ltd. | 18606 | 391193 |
| &nbsp;&nbsp;&nbsp; Perseus Mining Ltd. | 203340 | 308930 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700123 |
| **Brazil — 5.4%** | **Brazil — 5.4%** | **Brazil — 5.4%** |
| &nbsp;&nbsp;&nbsp; Ambev SA | 762098 | 2053760 |
| &nbsp;&nbsp;&nbsp; Arcos Dorados Holdings, Inc., Class A | 27084 | 230214 |
| &nbsp;&nbsp;&nbsp; Atacadao SA | 556592 | 1811339 |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | 2667396 | 6815225 |
| &nbsp;&nbsp;&nbsp; Banco Bradesco SA (Preference) | 519220 | 1439124 |
| &nbsp;&nbsp;&nbsp; Banco BTG Pactual SA | 104713 | 445561 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | 225764 | 1815879 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1476440 |
| &nbsp;&nbsp;&nbsp; Bradespar SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274196 |
| &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814420 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651025 |
| &nbsp;&nbsp;&nbsp; EDP - Energias do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2386023 |
| &nbsp;&nbsp;&nbsp; Gerdau SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795360 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4572598 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261429 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12238 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800313 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3336688 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7620719 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 443143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5140459 |
| &nbsp;&nbsp;&nbsp; Porto Seguro SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 733549 |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1779558 |
| &nbsp;&nbsp;&nbsp; Rumo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464593 |
| &nbsp;&nbsp;&nbsp; Sendas Distribuidora SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386512 |
| &nbsp;&nbsp;&nbsp; SLC Agricola SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500506 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482838 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316645 |
| &nbsp;&nbsp;&nbsp; Vale SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5750844 |
| &nbsp;&nbsp;&nbsp; Vibra Energia SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360824 |
| &nbsp;&nbsp;&nbsp; WEG SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1881162 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58410041 |
| **Canada — 0.1%** | **Canada — 0.1%** | **Canada — 0.1%** |
| &nbsp;&nbsp;&nbsp; B2Gold Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489611 |
| &nbsp;&nbsp;&nbsp; Ivanhoe Mines Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373210 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862821 |
| **Chile — 0.4%** | **Chile — 0.4%** | **Chile — 0.4%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp;&nbsp;&nbsp; 3502898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382780 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp;&nbsp; 74633487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3137558 |
| &nbsp;&nbsp;&nbsp; Cencosud SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454966 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3975304 |
| **China — 31.8%** | **China — 31.8%** | **China — 31.8%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro-Fabrication Equipment, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365581 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Aier Eye Hospital Group Co. Ltd., Class A | 291094 | 1422167 |
| &nbsp;&nbsp;&nbsp; Airtac International Group | 82000 | 2804333 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. \* | 1534300 | 21094583 |
| &nbsp;&nbsp;&nbsp; Angel Yeast Co. Ltd., Class A | 222709 | 1374840 |
| &nbsp;&nbsp;&nbsp; Anjoy Foods Group Co. Ltd., Class A | 85700 | 2026812 |
| &nbsp;&nbsp;&nbsp; ANTA Sports Products Ltd. | 172600 | 2618104 |
| &nbsp;&nbsp;&nbsp; Bank of Jiangsu Co. Ltd., Class A | 542200 | 597165 |
| &nbsp;&nbsp;&nbsp; Bank of Ningbo Co. Ltd., Class A | 337940 | 1646954 |
| &nbsp;&nbsp;&nbsp; Baoshan Iron & Steel Co. Ltd., Class A | 675300 | 619176 |
| &nbsp;&nbsp;&nbsp; Beijing Huafeng Test & Control Technology Co. Ltd., Class A | 5472 | 223714 |
| &nbsp;&nbsp;&nbsp; Beijing Kingsoft Office Software, Inc., Class A | 33880 | 1414740 |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463073 |
| &nbsp;&nbsp;&nbsp; BOE Technology Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1393400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823268 |
| &nbsp;&nbsp;&nbsp; Budweiser Brewing Co. APAC Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1179400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3721385 |
| &nbsp;&nbsp;&nbsp; Centre Testing International Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27125 |
| &nbsp;&nbsp;&nbsp; Chacha Food Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1034166 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp; 11659000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7546765 |
| &nbsp;&nbsp;&nbsp; China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239301 |
| &nbsp;&nbsp;&nbsp; China Longyuan Power Group Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 929037 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1780500 | &nbsp;&nbsp;&nbsp;&nbsp; 11548552 |
| &nbsp;&nbsp;&nbsp; China Merchants Energy Shipping Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303215 |
| &nbsp;&nbsp;&nbsp; China Overseas Land & Investment Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1143500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3087760 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3978000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2148000 |
| &nbsp;&nbsp;&nbsp; China Railway Group Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1926000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050699 |
| &nbsp;&nbsp;&nbsp; China Resources Gas Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2855777 |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2683832 |
| &nbsp;&nbsp;&nbsp; China Resources Mixc Lifestyle Services Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3584904 |
| &nbsp;&nbsp;&nbsp; China Resources Pharmaceutical Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419558 |
| &nbsp;&nbsp;&nbsp; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950737 |
| &nbsp;&nbsp;&nbsp; China State Construction Engineering Corp. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323388 |
| &nbsp;&nbsp;&nbsp; China Vanke Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966884 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1082500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3335038 |
| &nbsp;&nbsp;&nbsp; Chongqing Brewery Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3537618 |
| &nbsp;&nbsp;&nbsp; Chongqing Fuling Zhacai Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230719 |
| &nbsp;&nbsp;&nbsp; CITIC Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1599182 |
| &nbsp;&nbsp;&nbsp; DaShenLin Pharmaceutical Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555749 |
| &nbsp;&nbsp;&nbsp; Dongfang Electric Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387214 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3448774 |
| &nbsp;&nbsp;&nbsp; ENN Natural Gas Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599147 |
| &nbsp;&nbsp;&nbsp; Fangda Special Steel Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588665 |
| &nbsp;&nbsp;&nbsp; Focus Media Information Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415381 |
| &nbsp;&nbsp;&nbsp; Foshan Haitian Flavouring & Food Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3945369 |
| &nbsp;&nbsp;&nbsp; Full Truck Alliance Co. Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727140 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1087200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5350718 |
| &nbsp;&nbsp;&nbsp; Guangdong Investment Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1214617 |
| &nbsp;&nbsp;&nbsp; Guangzhou Automobile Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 821591 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 678600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3226400 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3075800 | &nbsp;&nbsp;&nbsp;&nbsp; 11343924 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Hangzhou Tigermed Consulting Co. Ltd., Class H (a) | 62800 | 823790 |
| &nbsp;&nbsp;&nbsp; Han's Laser Technology Industry Group Co. Ltd., Class A | 193600 | 804924 |
| &nbsp;&nbsp;&nbsp; Hefei Meiya Optoelectronic Technology, Inc., Class A | 769421 | 3129799 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | 616246 | 1668044 |
| &nbsp;&nbsp;&nbsp; Hubei Xingfa Chemicals Group Co. Ltd., Class A | 66800 | 322653 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | 561000 | 300090 |
| &nbsp;&nbsp;&nbsp; Industrial Bank Co. Ltd., Class A | 86525 | 226501 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 1283213 | 6201891 |
| &nbsp;&nbsp;&nbsp; Jade Bird Fire Co. Ltd., Class A | 90322 | 441266 |
| &nbsp;&nbsp;&nbsp; JD Health International, Inc. \* (a) | 292800 | 2431510 |
| &nbsp;&nbsp;&nbsp; JD Logistics, Inc. \* (a) | 201300 | 446224 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374750 | &nbsp;&nbsp;&nbsp;&nbsp; 11127593 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengli Hydraulic Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1695544 |
| &nbsp;&nbsp;&nbsp; Joyoung Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395245 |
| &nbsp;&nbsp;&nbsp; Kanzhun Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2710643 |
| &nbsp;&nbsp;&nbsp; Kingdee International Software Group Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2461873 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1724000 |
| &nbsp;&nbsp;&nbsp; Kweichow Moutai Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4415381 |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898317 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 574926 |
| &nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925151 |
| &nbsp;&nbsp;&nbsp; LONGi Green Energy Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2198432 |
| &nbsp;&nbsp;&nbsp; Meituan \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690770 | &nbsp;&nbsp;&nbsp;&nbsp; 15442770 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6318493 |
| &nbsp;&nbsp;&nbsp; Montage Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697842 |
| &nbsp;&nbsp;&nbsp; NARI Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 504640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1978083 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731400 | &nbsp;&nbsp;&nbsp;&nbsp; 12976585 |
| &nbsp;&nbsp;&nbsp; Nongfu Spring Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358895 |
| &nbsp;&nbsp;&nbsp; Oppein Home Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1141752 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2744000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1467904 |
| &nbsp;&nbsp;&nbsp; Pharmaron Beijing Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589127 |
| &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1678000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1577576 |
| &nbsp;&nbsp;&nbsp; Pinduoduo, Inc., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5436910 |
| &nbsp;&nbsp;&nbsp; Ping An Bank Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552620 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1429500 | &nbsp;&nbsp;&nbsp;&nbsp; 11103930 |
| &nbsp;&nbsp;&nbsp; Poly Developments and Holdings Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119277 |
| &nbsp;&nbsp;&nbsp; Postal Savings Bank of China Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 917000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624026 |
| &nbsp;&nbsp;&nbsp; Qingdao Haier Biomedical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606325 |
| &nbsp;&nbsp;&nbsp; Sany Heavy Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274790 |
| &nbsp;&nbsp;&nbsp; Shanghai Baosight Software Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1888041 |
| &nbsp;&nbsp;&nbsp; Shanghai Liangxin Electrical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501964 |
| &nbsp;&nbsp;&nbsp; Shanghai Pharmaceuticals Holding Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544827 |
| &nbsp;&nbsp;&nbsp; Shenzhen Inovance Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2393115 |
| &nbsp;&nbsp;&nbsp; Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1409443 |
| &nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3192482 |
| &nbsp;&nbsp;&nbsp; Sichuan Swellfun Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3496701 |
| &nbsp;&nbsp;&nbsp; Silergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4293736 |
| &nbsp;&nbsp;&nbsp; SITC International Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253414 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Skshu Paint Co. Ltd., Class A \* | 160040 | 2943708 |
| &nbsp;&nbsp;&nbsp; StarPower Semiconductor Ltd., Class A | 30174 | 1417910 |
| &nbsp;&nbsp;&nbsp; Suzhou Maxwell Technologies Co. Ltd., Class A | 16260 | 1071405 |
| &nbsp;&nbsp;&nbsp; TBEA Co. Ltd., Class A | 364600 | 1153959 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | 820700 | 39991824 |
| &nbsp;&nbsp;&nbsp; Tingyi Cayman Islands Holding Corp. | 1682000 | 2798198 |
| &nbsp;&nbsp;&nbsp; Tongwei Co. Ltd., Class A | 106200 | 666328 |
| &nbsp;&nbsp;&nbsp; Topsports International Holdings Ltd. (a) | 1693000 | 1595252 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. \* | 111750 | 4110774 |
| &nbsp;&nbsp;&nbsp; Tsingtao Brewery Co. Ltd. | 40000 | 386194 |
| &nbsp;&nbsp;&nbsp; Wanhua Chemical Group Co. Ltd., Class A | 255800 | 3670980 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5537216 |
| &nbsp;&nbsp;&nbsp; WuXi AppTec Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493773 |
| &nbsp;&nbsp;&nbsp; Wuxi Biologics Cayman, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1066000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8901535 |
| &nbsp;&nbsp;&nbsp; Xiamen Xiangyu Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434359 |
| &nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2482563 |
| &nbsp;&nbsp;&nbsp; Xinyi Solar Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1092000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420652 |
| &nbsp;&nbsp;&nbsp; Yangzhou Yangjie Electronic Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962022 |
| &nbsp;&nbsp;&nbsp; YTO Express Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579269 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5446139 |
| &nbsp;&nbsp;&nbsp; Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121320 |
| &nbsp;&nbsp;&nbsp; Zhejiang Supor Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3239278 |
| &nbsp;&nbsp;&nbsp; Zhejiang Weixing New Building Materials Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406512 |
| &nbsp;&nbsp;&nbsp; Zhuhai Huafa Properties Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373029 |
| &nbsp;&nbsp;&nbsp; Zhuzhou CRRC Times Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1383512 |
| &nbsp;&nbsp;&nbsp; Zijin Mining Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1056000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1746679 |
| &nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572259 |
|  |  | &nbsp;&nbsp;&nbsp; 344313915 |
| **Colombia — 0.0% ^** | **Colombia — 0.0% ^** | **Colombia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Ecopetrol SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270193 |
| **Czech Republic — 0.0% ^** | **Czech Republic — 0.0% ^** | **Czech Republic — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Komercni Banka A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445552 |
| **Ghana — 0.1%** | **Ghana — 0.1%** | **Ghana — 0.1%** |
| &nbsp;&nbsp;&nbsp; Kosmos Energy Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750525 |
| **Greece — 0.2%** | **Greece — 0.2%** | **Greece — 0.2%** |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870392 |
| &nbsp;&nbsp;&nbsp; JUMBO SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356173 |
| &nbsp;&nbsp;&nbsp; Motor Oil Hellas Corinth Refineries SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353004 |
| &nbsp;&nbsp;&nbsp; OPAP SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824869 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404438 |
| **Hong Kong — 1.9%** | **Hong Kong — 1.9%** | **Hong Kong — 1.9%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6979080 |
| &nbsp;&nbsp;&nbsp; Hang Seng Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400536 |
| &nbsp;&nbsp;&nbsp; HKT Trust & HKT Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 737629 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6121450 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271540 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hong Kong — continued** | **Hong Kong — continued** | **Hong Kong — continued** |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | 277500 | 3577470 |
| &nbsp;&nbsp;&nbsp; Vitasoy International Holdings Ltd. | 472000 | 1002736 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (a) | 713577 | 439467 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20529908 |
| **Hungary — 0.3%** | **Hungary — 0.3%** | **Hungary — 0.3%** |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | 61408 | 458910 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | 64191 | 1934171 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | 23496 | 530573 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2923654 |
| **India — 11.8%** | **India — 11.8%** | **India — 11.8%** |
| &nbsp;&nbsp;&nbsp; Aarti Industries Ltd. | 42112 | 277629 |
| &nbsp;&nbsp;&nbsp; Aarti Pharmalabs Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36501 |
| &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1483043 |
| &nbsp;&nbsp;&nbsp; Asian Paints Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546400 |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4342541 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764365 |
| &nbsp;&nbsp;&nbsp; Bharat Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1421499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1653972 |
| &nbsp;&nbsp;&nbsp; Britannia Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3495793 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390777 |
| &nbsp;&nbsp;&nbsp; Computer Age Management Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627151 |
| &nbsp;&nbsp;&nbsp; Cummins India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748425 |
| &nbsp;&nbsp;&nbsp; Dr Lal PathLabs Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225400 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932869 |
| &nbsp;&nbsp;&nbsp; Eicher Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427026 |
| &nbsp;&nbsp;&nbsp; Godrej Properties Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391795 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3599239 |
| &nbsp;&nbsp;&nbsp; HDFC Asset Management Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518741 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187197 | &nbsp;&nbsp;&nbsp;&nbsp; 12609590 |
| &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5438458 |
| &nbsp;&nbsp;&nbsp; Hero MotoCorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781700 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8219471 |
| &nbsp;&nbsp;&nbsp; Housing Development Finance Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518570 | &nbsp;&nbsp;&nbsp;&nbsp; 16694032 |
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7828852 |
| &nbsp;&nbsp;&nbsp; ICICI Prudential Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711805 |
| &nbsp;&nbsp;&nbsp; IndusInd Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599087 |
| &nbsp;&nbsp;&nbsp; Info Edge India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1590389 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 926766 | &nbsp;&nbsp;&nbsp;&nbsp; 17455920 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540687 |
| &nbsp;&nbsp;&nbsp; Jubilant Foodworks Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530234 |
| &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5767416 |
| &nbsp;&nbsp;&nbsp; Lemon Tree Hotels Ltd. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 704458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 661178 |
| &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420642 |
| &nbsp;&nbsp;&nbsp; Metropolis Healthcare Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453520 |
| &nbsp;&nbsp;&nbsp; Multi Commodity Exchange of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427025 |
| &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 481401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 857788 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2069687 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1425404 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | 210287 | 6066235 |
| &nbsp;&nbsp;&nbsp; Shriram Finance Ltd. | 116810 | 1842755 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | 207365 | 8558715 |
| &nbsp;&nbsp;&nbsp; Tata Power Co. Ltd. (The) | 218802 | 571700 |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | 18275 | 1586368 |
| &nbsp;&nbsp;&nbsp; United Spirits Ltd. \* | 73796 | 695067 |
| &nbsp;&nbsp;&nbsp; UPL Ltd. | 63658 | 590427 |
| &nbsp;&nbsp;&nbsp; WNS Holdings Ltd., ADR \* | 11677 | 989392 |
|  |  | &nbsp;&nbsp;&nbsp; 127445211 |
| **Indonesia — 2.2%** | **Indonesia — 2.2%** | **Indonesia — 2.2%** |
| &nbsp;&nbsp;&nbsp; Adaro Energy Indonesia Tbk. PT | 1530300 | 303222 |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1157400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464988 |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp;&nbsp; 14074500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7987407 |
| &nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1213600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808665 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550527 |
| &nbsp;&nbsp;&nbsp; Bank Rakyat Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp; 23930770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7338800 |
| &nbsp;&nbsp;&nbsp; Kalbe Farma Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2787800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383823 |
| &nbsp;&nbsp;&nbsp; Merdeka Copper Gold Tbk. PT \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239331 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp; 19173400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4955034 |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290363 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320307 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23642467 |
| **Kuwait — 0.1%** | **Kuwait — 0.1%** | **Kuwait — 0.1%** |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait SAKP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081179 |
| **Macau — 0.1%** | **Macau — 0.1%** | **Macau — 0.1%** |
| &nbsp;&nbsp;&nbsp; Sands China Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260029 |
| **Malaysia — 0.5%** | **Malaysia — 0.5%** | **Malaysia — 0.5%** |
| &nbsp;&nbsp;&nbsp; CIMB Group Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530537 |
| &nbsp;&nbsp;&nbsp; Hong Leong Bank Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401289 |
| &nbsp;&nbsp;&nbsp; IHH Healthcare Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272227 |
| &nbsp;&nbsp;&nbsp; Kuala Lumpur Kepong Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286248 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518490 |
| &nbsp;&nbsp;&nbsp; Petronas Chemicals Group Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440960 |
| &nbsp;&nbsp;&nbsp; Press Metal Aluminium Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307258 |
| &nbsp;&nbsp;&nbsp; Public Bank Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 1746800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1738796 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495880 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4991685 |
| **Mexico — 4.2%** | **Mexico — 4.2%** | **Mexico — 4.2%** |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 4115263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4296544 |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 908613 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347357 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Femsa SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342195 |
| &nbsp;&nbsp;&nbsp; Corp. Inmobiliaria Vesta SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693884 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 603620 |
| &nbsp;&nbsp;&nbsp; Gentera SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775315 |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588019 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Mexico — continued** | **Mexico — continued** | **Mexico — continued** |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Centro Norte SAB de CV | 39661 | 362352 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV, Class B | 255091 | 4393599 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | 125858 | 3410240 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | 1267053 | 10496815 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | 268215 | 1192905 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico SAB de CV, Class A | 1447882 | 2756516 |
| &nbsp;&nbsp;&nbsp; Qualitas Controladora SAB de CV | 55588 | 307069 |
| &nbsp;&nbsp;&nbsp; Regional SAB de CV | 126122 | 1091332 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. | 15992 | 1202758 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | 3031712 | 11841556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45610689 |
| **Nigeria — 0.0% ^** | **Nigeria — 0.0% ^** | **Nigeria — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Airtel Africa plc (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197142 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568686 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2534644 |
| **Philippines — 0.2%** | **Philippines — 0.2%** | **Philippines — 0.2%** |
| &nbsp;&nbsp;&nbsp; ACEN Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10104 |
| &nbsp;&nbsp;&nbsp; Ayala Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328633 |
| &nbsp;&nbsp;&nbsp; Ayala Land, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317900 |
| &nbsp;&nbsp;&nbsp; Bank of the Philippine Islands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262331 |
| &nbsp;&nbsp;&nbsp; BDO Unibank, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381620 |
| &nbsp;&nbsp;&nbsp; SM Investments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309118 |
| &nbsp;&nbsp;&nbsp; SM Prime Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1951883 |
| **Poland — 0.6%** | **Poland — 0.6%** | **Poland — 0.6%** |
| &nbsp;&nbsp;&nbsp; Allegro.eu SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1046164 |
| &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728115 |
| &nbsp;&nbsp;&nbsp; Dino Polska SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2481299 |
| &nbsp;&nbsp;&nbsp; Powszechny Zaklad Ubezpieczen SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2704329 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6959907 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144716 |
| **Qatar — 0.5%** | **Qatar — 0.5%** | **Qatar — 0.5%** |
| &nbsp;&nbsp;&nbsp; Industries Qatar QSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009402 |
| &nbsp;&nbsp;&nbsp; Qatar National Bank QPSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3820454 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5829856 |
| **Russia — 0.0% ^** | **Russia — 0.0% ^** | **Russia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Gazprom PJSC, ADR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1426 |
| &nbsp;&nbsp;&nbsp; Gazprom PJSC ‡ | &nbsp;&nbsp;&nbsp;&nbsp; 1135066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76952 |
| &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel Works PJSC, GDR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1869 |
| &nbsp;&nbsp;&nbsp; MMC Norilsk Nickel PJSC, ADR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969 |
| &nbsp;&nbsp;&nbsp; MMC Norilsk Nickel PJSC ‡ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11599 |
| &nbsp;&nbsp;&nbsp; Moscow Exchange MICEX-RTS PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13582 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Russia — continued** | **Russia — continued** | **Russia — continued** |
| &nbsp;&nbsp;&nbsp; Rosneft Oil Co. PJSC ‡ | 141777 | 12439 |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC ‡ \* | 629236 | 23391 |
| &nbsp;&nbsp;&nbsp; Severstal PAO, GDR ‡ \* (a) | 98048 | 31375 |
| &nbsp;&nbsp;&nbsp; VTB Bank PJSC ‡ \* | 168450798 | 794 |
| &nbsp;&nbsp;&nbsp; X5 Retail Group NV, GDR ‡ \* (a) | 13771 | 3324 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177720 |
| **Saudi Arabia — 2.2%** | **Saudi Arabia — 2.2%** | **Saudi Arabia — 2.2%** |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank \* | 208436 | 4575434 |
| &nbsp;&nbsp;&nbsp; Alinma Bank | 170274 | 1500121 |
| &nbsp;&nbsp;&nbsp; Almarai Co. JSC | 62228 | 922209 |
| &nbsp;&nbsp;&nbsp; Arabian Contracting Services Co. \* | 15195 | 444382 |
| &nbsp;&nbsp;&nbsp; Elm Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509853 |
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520966 |
| &nbsp;&nbsp;&nbsp; Jarir Marketing Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338317 |
| &nbsp;&nbsp;&nbsp; Leejam Sports Co. JSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388815 |
| &nbsp;&nbsp;&nbsp; Mouwasat Medical Services Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1486953 |
| &nbsp;&nbsp;&nbsp; Riyad Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1043999 |
| &nbsp;&nbsp;&nbsp; Riyadh Cables Group Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532325 |
| &nbsp;&nbsp;&nbsp; SABIC Agri-Nutrients Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423232 |
| &nbsp;&nbsp;&nbsp; Sahara International Petrochemical Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303026 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887949 |
| &nbsp;&nbsp;&nbsp; Saudi Basic Industries Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2126152 |
| &nbsp;&nbsp;&nbsp; Saudi British Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824672 |
| &nbsp;&nbsp;&nbsp; Saudi National Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3407011 |
| &nbsp;&nbsp;&nbsp; Saudi Telecom Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589889 |
| &nbsp;&nbsp;&nbsp; United International Transportation Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 766410 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23591715 |
| **Singapore — 0.1%** | **Singapore — 0.1%** | **Singapore — 0.1%** |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1216365 |
| **South Africa — 4.1%** | **South Africa — 4.1%** | **South Africa — 4.1%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699077 |
| &nbsp;&nbsp;&nbsp; African Rainbow Minerals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275156 |
| &nbsp;&nbsp;&nbsp; Anglo American Platinum Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328646 |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2832762 |
| &nbsp;&nbsp;&nbsp; AVI Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1290623 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4421170 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200161 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5377394 |
| &nbsp;&nbsp;&nbsp; Clicks Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2696429 |
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1930732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7173825 |
| &nbsp;&nbsp;&nbsp; Foschini Group Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407461 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471679 |
| &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 504894 |
| &nbsp;&nbsp;&nbsp; Mr Price Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471401 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1131881 |
| &nbsp;&nbsp;&nbsp; Naspers Ltd., Class N | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3055143 |
| &nbsp;&nbsp;&nbsp; Sanlam Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 661721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2141086 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Africa — continued** | **South Africa — continued** | **South Africa — continued** |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | 89797 | 1243075 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. | 148381 | 392208 |
| &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. | 285792 | 2851552 |
| &nbsp;&nbsp;&nbsp; Transaction Capital Ltd. | 168928 | 334943 |
| &nbsp;&nbsp;&nbsp; Truworths International Ltd. | 118713 | 452405 |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | 376494 | 2645946 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | 92633 | 401463 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 43800380 |
| **South Korea — 12.7%** | **South Korea — 12.7%** | **South Korea — 12.7%** |
| &nbsp;&nbsp;&nbsp; AfreecaTV Co. Ltd. \* | 11576 | 752579 |
| &nbsp;&nbsp;&nbsp; BGF retail Co. Ltd. \* | 13833 | 2096671 |
| &nbsp;&nbsp;&nbsp; CJ CheilJedang Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1180595 |
| &nbsp;&nbsp;&nbsp; Coupang, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563873 |
| &nbsp;&nbsp;&nbsp; Coway Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721764 |
| &nbsp;&nbsp;&nbsp; DL E&C Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664720 |
| &nbsp;&nbsp;&nbsp; DL Holdings Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362892 |
| &nbsp;&nbsp;&nbsp; Dongjin Semichem Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625250 |
| &nbsp;&nbsp;&nbsp; Eo Technics Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483684 |
| &nbsp;&nbsp;&nbsp; Green Cross Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206416 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5844035 |
| &nbsp;&nbsp;&nbsp; Hankook Tire & Technology Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1373748 |
| &nbsp;&nbsp;&nbsp; Hanon Systems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791855 |
| &nbsp;&nbsp;&nbsp; HL Mando Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262922 |
| &nbsp;&nbsp;&nbsp; Hugel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1702837 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025413 |
| &nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3484597 |
| &nbsp;&nbsp;&nbsp; Hyundai Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688696 |
| &nbsp;&nbsp;&nbsp; Industrial Bank of Korea \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777566 |
| &nbsp;&nbsp;&nbsp; ISC Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 798756 |
| &nbsp;&nbsp;&nbsp; JYP Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1526059 |
| &nbsp;&nbsp;&nbsp; K Car Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707899 |
| &nbsp;&nbsp;&nbsp; KakaoBank Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312624 |
| &nbsp;&nbsp;&nbsp; Kakaopay Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252477 |
| &nbsp;&nbsp;&nbsp; Kangwon Land, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922128 |
| &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4645970 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4619362 |
| &nbsp;&nbsp;&nbsp; KIWOOM Securities Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1196434 |
| &nbsp;&nbsp;&nbsp; Korea Gas Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356705 |
| &nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020492 |
| &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647441 |
| &nbsp;&nbsp;&nbsp; LG Chem Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9751195 |
| &nbsp;&nbsp;&nbsp; LG Energy Solution Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699276 |
| &nbsp;&nbsp;&nbsp; LG H&H Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3425362 |
| &nbsp;&nbsp;&nbsp; Lotte Chemical Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340153 |
| &nbsp;&nbsp;&nbsp; NAVER Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3552597 |
| &nbsp;&nbsp;&nbsp; NCSoft Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4972345 |
| &nbsp;&nbsp;&nbsp; Orion Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489910 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; Pan Ocean Co. Ltd. \* | 116581 | 574280 |
| &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. | 13529 | 3324439 |
| &nbsp;&nbsp;&nbsp; Samsung Biologics Co. Ltd. \* (a) | 4341 | 2802898 |
| &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. | 19431 | 2269404 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | 742655 | 36991834 |
| &nbsp;&nbsp;&nbsp; Samsung Engineering Co. Ltd. \* | 25037 | 528383 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | 7429 | 1224943 |
| &nbsp;&nbsp;&nbsp; Samsung Life Insurance Co. Ltd. | 12760 | 734621 |
| &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co. Ltd. | 117467 | 3972076 |
| &nbsp;&nbsp;&nbsp; SK Hynix, Inc. | 150339 | 10876109 |
| &nbsp;&nbsp;&nbsp; SK IE Technology Co. Ltd. \* (a) | 4215 | 231714 |
| &nbsp;&nbsp;&nbsp; SK Innovation Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1458079 |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1364527 |
| &nbsp;&nbsp;&nbsp; SK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2326741 |
| &nbsp;&nbsp;&nbsp; SKC Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384818 |
| &nbsp;&nbsp;&nbsp; S-Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2722638 |
| &nbsp;&nbsp;&nbsp; Yuhan Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366275 |
|  |  | &nbsp;&nbsp;&nbsp; 137001077 |
| **Taiwan — 15.3%** | **Taiwan — 15.3%** | **Taiwan — 15.3%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4086139 |
| &nbsp;&nbsp;&nbsp; Advantech Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5557279 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 816000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2753220 |
| &nbsp;&nbsp;&nbsp; ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2726510 |
| &nbsp;&nbsp;&nbsp; Chailease Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3974146 |
| &nbsp;&nbsp;&nbsp; China Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 702000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742883 |
| &nbsp;&nbsp;&nbsp; Chroma ATE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1048765 |
| &nbsp;&nbsp;&nbsp; Compeq Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351958 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2601253 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8068293 |
| &nbsp;&nbsp;&nbsp; E Ink Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1636383 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3524427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2886639 |
| &nbsp;&nbsp;&nbsp; Eclat Textile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4686319 |
| &nbsp;&nbsp;&nbsp; eMemory Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822426 |
| &nbsp;&nbsp;&nbsp; Faraday Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995300 |
| &nbsp;&nbsp;&nbsp; Feng TAY Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508402 |
| &nbsp;&nbsp;&nbsp; Formosa Plastics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1666306 |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1692600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3409039 |
| &nbsp;&nbsp;&nbsp; Giant Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1881223 |
| &nbsp;&nbsp;&nbsp; Global Unichip Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2533773 |
| &nbsp;&nbsp;&nbsp; Gold Circuit Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340085 |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4511896 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1926757 |
| &nbsp;&nbsp;&nbsp; Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622188 |
| &nbsp;&nbsp;&nbsp; Lotes Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2364154 |
| &nbsp;&nbsp;&nbsp; Makalot Industrial Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1825158 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5484540 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1647634 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Taiwan — continued** | **Taiwan — continued** | **Taiwan — continued** |
| &nbsp;&nbsp;&nbsp; Micro-Star International Co. Ltd. | 195000 | 856500 |
| &nbsp;&nbsp;&nbsp; momo.com, Inc. | 7920 | 210764 |
| &nbsp;&nbsp;&nbsp; Nan Ya Plastics Corp. | 628000 | 1580443 |
| &nbsp;&nbsp;&nbsp; Nan Ya Printed Circuit Board Corp. | 103000 | 845793 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | 86000 | 896363 |
| &nbsp;&nbsp;&nbsp; Novatek Microelectronics Corp. | 411000 | 4894134 |
| &nbsp;&nbsp;&nbsp; Nuvoton Technology Corp. | 93000 | 406497 |
| &nbsp;&nbsp;&nbsp; Pegavision Corp. | 20000 | 304048 |
| &nbsp;&nbsp;&nbsp; Poya International Co. Ltd. | 19000 | 330007 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | 465000 | 4188531 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | 288000 | 3092800 |
| &nbsp;&nbsp;&nbsp; SDI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291605 |
| &nbsp;&nbsp;&nbsp; Sinbon Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883910 |
| &nbsp;&nbsp;&nbsp; Taiwan Cement Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697640 |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927629 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3367000 | &nbsp;&nbsp;&nbsp;&nbsp; 59416766 |
| &nbsp;&nbsp;&nbsp; Unimicron Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1418030 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1898366 |
| &nbsp;&nbsp;&nbsp; United Microelectronics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1744000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2853961 |
| &nbsp;&nbsp;&nbsp; Vanguard International Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3757872 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3114590 |
| &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336030 |
|  |  | &nbsp;&nbsp;&nbsp; 165860947 |
| **Thailand — 1.9%** | **Thailand — 1.9%** | **Thailand — 1.9%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829735 |
| &nbsp;&nbsp;&nbsp; Airports of Thailand PCL \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265795 |
| &nbsp;&nbsp;&nbsp; Bangkok Dusit Medical Services PCL, Class F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786526 |
| &nbsp;&nbsp;&nbsp; Bangkok Expressway & Metro PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281012 |
| &nbsp;&nbsp;&nbsp; Central Pattana PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486777 |
| &nbsp;&nbsp;&nbsp; CP ALL PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850403 |
| &nbsp;&nbsp;&nbsp; Delta Electronics Thailand PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824220 |
| &nbsp;&nbsp;&nbsp; Energy Absolute PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301538 |
| &nbsp;&nbsp;&nbsp; Global Power Synergy PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233445 |
| &nbsp;&nbsp;&nbsp; Gulf Energy Development PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459244 |
| &nbsp;&nbsp;&nbsp; Indorama Ventures PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560096 |
| &nbsp;&nbsp;&nbsp; Intouch Holdings PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309806 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346220 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 1472600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783461 |
| &nbsp;&nbsp;&nbsp; Minor International PCL, NVDR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236980 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4520063 |
| &nbsp;&nbsp;&nbsp; PTT Global Chemical PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294518 |
| &nbsp;&nbsp;&nbsp; PTT PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 794029 |
| &nbsp;&nbsp;&nbsp; SCB X PCL | &nbsp;&nbsp;&nbsp;&nbsp; 1001700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3172768 |
| &nbsp;&nbsp;&nbsp; SCG Packaging PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303090 |
| &nbsp;&nbsp;&nbsp; Siam Cement PCL (The) (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2578379 |
| &nbsp;&nbsp;&nbsp; Thai Oil PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20915001 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Arab Emirates — 0.9%** | **United Arab Emirates — 0.9%** | **United Arab Emirates — 0.9%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | 102254 | 234515 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | 272861 | 701347 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Oil Co. for Distribution PJSC | 512170 | 614392 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | 424450 | 391907 |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | 728019 | 867026 |
| &nbsp;&nbsp;&nbsp; Americana Restaurants International plc \* | 601872 | 556487 |
| &nbsp;&nbsp;&nbsp; Dubai Electricity & Water Authority PJSC | 2118067 | 1366644 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | 187547 | 284310 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | 788965 | 1198845 |
| &nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. PJSC | 126091 | 883466 |
| &nbsp;&nbsp;&nbsp; Fertiglobe plc | 656805 | 716491 |
| &nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1572938 |
| &nbsp;&nbsp;&nbsp; Salik Co. PJSC \* | &nbsp;&nbsp;&nbsp;&nbsp; 1071034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10123171 |
| **United States — 1.1%** | **United States — 1.1%** | **United States — 1.1%** |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3650168 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3742732 |
| &nbsp;&nbsp;&nbsp; Globant SA \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013951 |
| &nbsp;&nbsp;&nbsp; JS Global Lifestyle Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1054490 |
| &nbsp;&nbsp;&nbsp; Parade Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1793574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12254915 |
| **Zambia — 0.1%** | **Zambia — 0.1%** | **Zambia — 0.1%** |
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,127,770,866)<br>|  | 1075523763 |
| **Short-Term Investments — 0.3%** | **Short-Term Investments — 0.3%** | **Short-Term Investments — 0.3%** |
| **Investment Companies — 0.3%** | **Investment Companies — 0.3%** | **Investment Companies — 0.3%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 4.52% (c) (d)(Cost $3,884,657) | &nbsp;&nbsp;&nbsp;&nbsp; 3882327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3884657 |
| **Total Investments — 99.7%** <br>**(Cost $1,131,655,523)**<br>|  | **1079408420** |
| **Other Assets Less Liabilities — 0.3%** |  | **2791393** |
| **NET ASSETS — 100.0%** |  | **1082199813** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| APAC | Asia Pacific |
| GDR | Global Depositary Receipt |
| JSC | Joint Stock Company |
| NVDR | Non-Voting Depositary Receipt |
| PJSC | Public Joint Stock Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

RTS Russian Trading System <br> SGPS Holding company

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (b) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (d) | The rate shown is the current yield as of January 31, 2023. |

---

**Summary of Investments by Industry, January 31, 2023**

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 14.9% |
| Semiconductors & Semiconductor Equipment | 10.9 |
| Internet & Direct Marketing Retail | &nbsp;&nbsp; 6.3 |
| Interactive Media & Services | &nbsp;&nbsp; 4.5 |
| Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; 4.4 |
| IT Services | &nbsp;&nbsp; 3.8 |
| Insurance | &nbsp;&nbsp; 3.6 |
| Food & Staples Retailing | &nbsp;&nbsp; 3.4 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 2.9 |
| Chemicals | &nbsp;&nbsp; 2.8 |
| Food Products | &nbsp;&nbsp; 2.8 |
| Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 2.6 |
| Diversified Financial Services | &nbsp;&nbsp; 2.6 |
| Beverages | &nbsp;&nbsp; 2.4 |
| Household Durables | &nbsp;&nbsp; 2.3 |
| Metals & Mining | &nbsp;&nbsp; 2.2 |
| Entertainment | &nbsp;&nbsp; 1.9 |
| Hotels, Restaurants & Leisure | &nbsp;&nbsp; 1.7 |
| Capital Markets | &nbsp;&nbsp; 1.7 |
| Real Estate Management & Development | &nbsp;&nbsp; 1.6 |
| Machinery | &nbsp;&nbsp; 1.6 |
| Life Sciences Tools & Services | &nbsp;&nbsp; 1.4 |
| Auto Components | &nbsp;&nbsp; 1.2 |
| Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; 1.2 |
| Wireless Telecommunication Services | &nbsp;&nbsp; 1.2 |
| Personal Products | &nbsp;&nbsp; 1.1 |
| Transportation Infrastructure | &nbsp;&nbsp; 1.0 |
| Others (each less than 1.0%) | 11.6 |
| Short-Term Investments | &nbsp;&nbsp; 0.4 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

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

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

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

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

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

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

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

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

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

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

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

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks | $| $| $| $|
| &nbsp;&nbsp;&nbsp; Australia | &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; 700123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700123 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 58410041 | &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; 58410041 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862821 | &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; 862821 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3975304 | &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; 3975304 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 15271569 | &nbsp;&nbsp; 329042346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 344313915 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270193 | &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; 270193 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &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; 445552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445552 |
| &nbsp;&nbsp;&nbsp; Ghana | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750525 | &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; 750525 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404438 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20529908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20529908 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2923654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2923654 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 13635483 | &nbsp;&nbsp; 113809728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127445211 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23642467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23642467 |
| &nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081179 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260029 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4991685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4991685 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 45610689 | &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; 45610689 |
| &nbsp;&nbsp;&nbsp; Nigeria | &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; 197142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197142 |
| &nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568686 | &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; 568686 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2534644 | &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; 2534644 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1951883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1951883 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6959907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6959907 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144716 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5829856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5829856 |
| &nbsp;&nbsp;&nbsp; Russia | &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; 177720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177720 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532325 | &nbsp;&nbsp;&nbsp;&nbsp; 23059390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23591715 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1216365 | &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; 1216365 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 12470408 | &nbsp;&nbsp;&nbsp;&nbsp; 31329972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43800380 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563873 | &nbsp;&nbsp; 136437204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 137001077 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 165860947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 165860947 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6911093 | &nbsp;&nbsp;&nbsp;&nbsp; 14003908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20915001 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2657934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7465237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10123171 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9406851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2848064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12254915 |
| &nbsp;&nbsp;&nbsp; Zambia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777904 | &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; 777904 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp; 176426708 | &nbsp;&nbsp; 898919335 | &nbsp;&nbsp; 177720 | &nbsp;&nbsp; 1075523763 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3884657 | &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; 3884657 |
| **Total Investments in Securities** | $180311365 | $898919335 | $177720 | $1079408420 |

---

There were no significant transfers into or out of level 3 for the period ended January 31, 2023.

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

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class IM Shares, 4.52% (a) (b)<br>| $3448509 | $51638182 | $51212468 | $10207 | $227 | $3884657 | 3882327 | $60450 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

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

- **b. EDGAR series identifier (if any):** S000071185

- **c. LEI of Series:** 549300YT4VMRJKDB1P44

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1082659277.28

**Total Liabilities:** $424815.27

**Net Assets:** $1082234462.01

**Cash Not Reported:** $850341.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225965 | 15.96%               | -2.45%               | 9.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9426241.89             | $158791199.64                              |
| Month 2  | $-18325034.99            | $-10741391.62                              |
| Month 3  | $-2712566.81             | $89854151.14                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Central Pattana PCL                                      | Central Pattana PCL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    224600 | NS      | $486777.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Logistics, Inc.                                       | JD Logistics, Inc.                                                | CUSIP: N/A<br>LEI: 655600LWTFVMV3E2A890       | Long             | EC               | CORP              | KY        |    201300 | NS      | $446224.16    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JS Global Lifestyle Co. Ltd.                             | JS Global Lifestyle Co. Ltd.                                      | CUSIP: N/A<br>LEI: 254900YP54EOBADL7333       | Long             | EC               | CORP              | KY        |    872000 | NS      | $1054489.67   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China Merchants Energy Shipping Co. Ltd.                 | China Merchants Energy Shipping Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    319500 | NS      | $303215.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Spirits Ltd.                                      | United Spirits Ltd.                                               | CUSIP: N/A<br>LEI: 3358004YFWQVX2EZDE82       | Long             | EC               | CORP              | IN        |     73796 | NS      | $695067.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co. Ltd.                             | China Yangtze Power Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |   1082500 | NS      | $3335037.69   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                              | Abu Dhabi Islamic Bank PJSC                                       | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    272861 | NS      | $701346.73    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SK, Inc.                                                 | SK, Inc.                                                          | CUSIP: N/A<br>LEI: 988400GMME8AOAFMDK34       | Long             | EC               | CORP              | KR        |     14384 | NS      | $2326740.63   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd.                                     | Dr Lal PathLabs Ltd.                                              | CUSIP: N/A<br>LEI: 984500E8E9CY102B9718       | Long             | EC               | CORP              | IN        |      8750 | NS      | $225400.36    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Riyadh Cables Group Co.                                  | Riyadh Cables Group Co.                                           | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     47567 | NS      | $532324.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Asset Management Co. Ltd.                           | HDFC Asset Management Co. Ltd.                                    | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |     22404 | NS      | $518740.88    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                            | Nien Made Enterprise Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     86000 | NS      | $896362.71    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                       | Bangkok Dusit Medical Services PCL, Class F                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    869900 | NS      | $786526.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Haier Smart Home Co. Ltd.                                | Haier Smart Home Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |   3075800 | NS      | $11343924.12  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Largan Precision Co. Ltd.                                | Largan Precision Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     27000 | NS      | $1926756.64   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd.                                         | Public Bank Bhd.                                                  | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20       | Long             | EC               | CORP              | MY        |   1746800 | NS      | $1738795.67   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| WNS Holdings Ltd.                                        | WNS Holdings Ltd.                                                 | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |     11677 | NS      | $989392.21    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                   | Taiwan Mobile Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    294000 | NS      | $927629.36    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV               | Grupo Aeroportuario del Pacifico SAB de CV, Class B               | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |    255091 | NS      | $4393598.90   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhuzhou CRRC Times Electric Co. Ltd.                     | Zhuzhou CRRC Times Electric Co. Ltd.                              | CUSIP: N/A<br>LEI: 529900PLNH7NQLN00B53       | Long             | EC               | CORP              | CN        |    259700 | NS      | $1383511.94   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzhou Yangjie Electronic Technology Co. Ltd.          | Yangzhou Yangjie Electronic Technology Co. Ltd., Class A          | CUSIP: N/A<br>LEI: 6556009FCJ7O8QPFTC19       | Long             | EC               | CORP              | CN        |    113500 | NS      | $962022.34    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.               | Industrial & Commercial Bank of China Ltd., Class H               | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    561000 | NS      | $300089.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Postal Savings Bank of China Co. Ltd.                    | Postal Savings Bank of China Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 300300C1040311005298       | Long             | EC               | CORP              | CN        |    917000 | NS      | $624025.65    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Copa Holdings SA                                         | Copa Holdings SA, Class A                                         | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |      6176 | NS      | $568686.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsingtao Brewery Co. Ltd.                                | Tsingtao Brewery Co. Ltd.                                         | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |     40000 | NS      | $386193.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co. Ltd.                        | Jiangsu Hengli Hydraulic Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    174600 | NS      | $1695544.03   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| YTO Express Group Co. Ltd.                               | YTO Express Group Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    186000 | NS      | $579269.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongwei Co. Ltd.                                         | Tongwei Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 3003009CW4QYMCG0BH89       | Long             | EC               | CORP              | CN        |    106200 | NS      | $666328.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Power Co. Ltd. (The)                                | Tata Power Co. Ltd. (The)                                         | CUSIP: N/A<br>LEI: 335800H5R3TGTJ7LQ663       | Long             | EC               | CORP              | IN        |    218802 | NS      | $571699.90    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                       | Vodacom Group Ltd.                                                | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    376494 | NS      | $2645945.98   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     53526 | NS      | $316645.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                       | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   1157400 | NS      | $464987.94    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank (The)                                | Saudi National Bank (The)                                         | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |    269125 | NS      | $3407011.08   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| China Longyuan Power Group Corp. Ltd.                    | China Longyuan Power Group Corp. Ltd., Class H                    | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               | CORP              | CN        |    673000 | NS      | $929036.93    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co.                                      | Etihad Etisalat Co.                                               | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     55145 | NS      | $520966.18    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                       | Anglo American plc                                                | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     65679 | NS      | $2832762.26   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co. Ltd.                            | BOE Technology Group Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1393400 | NS      | $823268.12    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology, Inc.                                 | eMemory Technology, Inc.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     15000 | NS      | $822426.20    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bradespar SA                                             | Bradespar SA (Preference)                                         | CUSIP: N/A<br>LEI: 9598001UD1DHEH3PZ471       | Long             | EC               | CORP              | BR        |     43565 | NS      | $274196.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Faraday Technology Corp.                                 | Faraday Technology Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    174000 | NS      | $995299.71    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                          | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |    770720 | NS      | $3820453.76   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Skshu Paint Co. Ltd.                                     | Skshu Paint Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    160040 | NS      | $2943707.95   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                     | Malayan Banking Bhd.                                              | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    252800 | NS      | $518489.98    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV           | Grupo Aeroportuario del Centro Norte SAB de CV                    | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     39661 | NS      | $362352.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CJ CheilJedang Corp.                                     | CJ CheilJedang Corp.                                              | CUSIP: N/A<br>LEI: 9884008938PK154I3A92       | Long             | EC               | CORP              | KR        |      4208 | NS      | $1180595.20   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Ya Printed Circuit Board Corp.                       | Nan Ya Printed Circuit Board Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    103000 | NS      | $845793.31    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp.                           | Novatek Microelectronics Corp.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    411000 | NS      | $4894134.30   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co. Ltd.                       | Hankook Tire & Technology Co. Ltd.                                | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     52056 | NS      | $1373748.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                        | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   1534300 | NS      | $21094582.88  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualitas Controladora SAB de CV                          | Qualitas Controladora SAB de CV                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     55588 | NS      | $307069.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Almarai Co. JSC                                          | Almarai Co. JSC                                                   | CUSIP: N/A<br>LEI: 549300B4EDUXYD2G6098       | Long             | EC               | CORP              | SA        |     62228 | NS      | $922209.25    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                  | Meituan                                                           | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    690770 | NS      | $15442770.35  | 1.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2744000 | NS      | $1467903.47   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SCG Packaging PCL                                        | SCG Packaging PCL                                                 | CUSIP: N/A<br>LEI: 254900GZ121E5NIATI41       | Long             | EC               | CORP              | TH        |    190700 | NS      | $303090.17    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co. Ltd.            | Inner Mongolia Yili Industrial Group Co. Ltd., Class A            | CUSIP: N/A<br>LEI: 3003002Q2A863JPQFH06       | Long             | EC               | CORP              | CN        |   1283213 | NS      | $6201890.45   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co. Ltd.                                    | Ping An Bank Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 549300W9MKNIVWXFM679       | Long             | EC               | CORP              | CN        |    247856 | NS      | $552620.20    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Gas Corp.                                          | Korea Gas Corp.                                                   | CUSIP: N/A<br>LEI: 988400TFZILHBD5M3R71       | Long             | EC               | CORP              | KR        |     13134 | NS      | $356705.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                                 | Jeronimo Martins SGPS SA                                          | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |     98786 | NS      | $2144715.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                 | Wuliangye Yibin Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    177900 | NS      | $5537216.12   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                               | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   1353000 | NS      | $4511895.63   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Chailease Holding Co. Ltd.                               | Chailease Holding Co. Ltd.                                        | CUSIP: N/A<br>LEI: 529900L76E6T0JCM3J27       | Long             | EC               | CORP              | KY        |    527345 | NS      | $3974145.69   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayala Corp.                                              | Ayala Corp.                                                       | CUSIP: N/A<br>LEI: 254900QJ68UH8GKNGI69       | Long             | EC               | CORP              | PH        |     25270 | NS      | $328632.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Ocean Co. Ltd.                                       | Pan Ocean Co. Ltd.                                                | CUSIP: N/A<br>LEI: 988400HGOJIHDWPIAT45       | Long             | EC               | CORP              | KR        |    116581 | NS      | $574280.11    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd.                                             | LG Chem Ltd.                                                      | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |     17277 | NS      | $9751194.97   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| K Car Co. Ltd.                                           | K Car Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     67910 | NS      | $707898.58    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhuhai Huafa Properties Co. Ltd.                         | Zhuhai Huafa Properties Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 3003007FIHALN5DCJS12       | Long             | EC               | CORP              | CN        |    269900 | NS      | $373029.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Compeq Manufacturing Co. Ltd.                            | Compeq Manufacturing Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    230000 | NS      | $351957.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                               | Capitec Bank Holdings Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     52063 | NS      | $5377393.77   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                | Grupo Aeroportuario del Sureste SAB de CV, Class B                | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |    125858 | NS      | $3410240.16   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd.                                           | FirstRand Ltd.                                                    | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |   1930732 | NS      | $7173824.79   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                  | America Movil SAB de CV, Series L                                 | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   4115263 | NS      | $4296543.94   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                         | Raia Drogasil SA                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    362067 | NS      | $1779558.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                                 | JUMBO SA                                                          | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     19834 | NS      | $356172.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Budweiser Brewing Co. APAC Ltd.                          | Budweiser Brewing Co. APAC Ltd.                                   | CUSIP: N/A<br>LEI: 549300YF1MR4GTF18132       | Long             | EC               | CORP              | KY        |   1179400 | NS      | $3721384.48   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Zhejiang Jingsheng Mechanical & Electrical Co. Ltd.      | Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    109600 | NS      | $1121320.06   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Brewery Co. Ltd.                               | Chongqing Brewery Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    198000 | NS      | $3537617.88   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com, Inc.                                             | JD.com, Inc., Class A                                             | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |    374750 | NS      | $11127592.54  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Engineering Co. Ltd.                             | Samsung Engineering Co. Ltd.                                      | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |     25037 | NS      | $528382.65    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                | China Resources Land Ltd.                                         | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    560000 | NS      | $2683831.92   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Steel Corp.                                        | China Steel Corp.                                                 | CUSIP: N/A<br>LEI: 529900D3N7UIJMVJ9120       | Long             | EC               | CORP              | TW        |    702000 | NS      | $742882.64    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Fangda Special Steel Technology Co. Ltd.                 | Fangda Special Steel Technology Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: 300300YXNMOW3T5MYO39       | Long             | EC               | CORP              | CN        |    644500 | NS      | $588664.53    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                 | Kweichow Moutai Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     16100 | NS      | $4415380.69   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Britannia Industries Ltd.                                | Britannia Industries Ltd.                                         | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |     66145 | NS      | $3495792.95   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Chacha Food Co. Ltd.                                     | Chacha Food Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300AJZ9YPIRBJZN87       | Long             | EC               | CORP              | CN        |    152800 | NS      | $1034166.15   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Electricity & Water Authority PJSC                 | Dubai Electricity & Water Authority PJSC                          | CUSIP: N/A<br>LEI: 213800K4OJF8DKATLT41       | Long             | EC               | CORP              | AE        |   2118067 | NS      | $1366643.65   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins India Ltd.                                       | Cummins India Ltd.                                                | CUSIP: N/A<br>LEI: 3358002PR6NKJRU4YS77       | Long             | EC               | CORP              | IN        |     42519 | NS      | $748424.53    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JYP Entertainment Corp.                                  | JYP Entertainment Corp.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     25742 | NS      | $1526059.33   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                              | NAVER Corp.                                                       | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |     21385 | NS      | $3552597.46   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HL Mando Co. Ltd.                                        | HL Mando Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 988400P5GM9DGVVOJQ79       | Long             | EC               | CORP              | KR        |      7229 | NS      | $262921.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vitasoy International Holdings Ltd.                      | Vitasoy International Holdings Ltd.                               | CUSIP: N/A<br>LEI: 5493003LPGHN62KWIZ77       | Long             | EC               | CORP              | HK        |    472000 | NS      | $1002735.98   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotte Chemical Corp.                                     | Lotte Chemical Corp.                                              | CUSIP: N/A<br>LEI: 988400TPNFJZDPI94Y56       | Long             | EC               | CORP              | KR        |      2356 | NS      | $340152.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AVI Ltd.                                                 | AVI Ltd.                                                          | CUSIP: N/A<br>LEI: 378900C2D68805FAAF75       | Long             | EC               | CORP              | ZA        |    302372 | NS      | $1290622.71   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                   | Kunlun Energy Co. Ltd.                                            | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   2186000 | NS      | $1723999.96   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                   | Localiza Rent a Car SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      1049 | NS      | $12237.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Basic Industries Corp.                             | Saudi Basic Industries Corp.                                      | CUSIP: N/A<br>LEI: 213800ZCTFZZZJSK8645       | Long             | EC               | CORP              | SA        |     85678 | NS      | $2126152.44   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co.                                      | Jarir Marketing Co.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      8417 | NS      | $338317.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp.                                    | Southern Copper Corp.                                             | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     15992 | NS      | $1202758.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka A/S                                       | Komercni Banka A/S                                                | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |     13201 | NS      | $445552.48    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                     | Fomento Economico Mexicano SAB de CV                              | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |     68942 | NS      | $603620.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SK IE Technology Co. Ltd.                                | SK IE Technology Co. Ltd.                                         | CUSIP: N/A<br>LEI: 988400ZA9LM3JZBI5088       | Long             | EC               | CORP              | KR        |      4215 | NS      | $231713.72    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EDP - Energias do Brasil SA                              | EDP - Energias do Brasil SA                                       | CUSIP: N/A<br>LEI: 529900MT3VH5D7T9FR43       | Long             | EC               | CORP              | BR        |    589687 | NS      | $2386023.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.                       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   3367000 | NS      | $59416766.16  | 5.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Foschini Group Ltd. (The)                                | Foschini Group Ltd. (The)                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     65184 | NS      | $407460.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Centre Testing International Group Co. Ltd.              | Centre Testing International Group Co. Ltd., Class A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      7700 | NS      | $27124.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| China Railway Group Ltd.                                 | China Railway Group Ltd., Class H                                 | CUSIP: N/A<br>LEI: 529900TFRLG8UDJ7QA89       | Long             | EC               | CORP              | CN        |   1926000 | NS      | $1050698.99   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sendas Distribuidora SA                                  | Sendas Distribuidora SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    100207 | NS      | $386512.43    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International, Inc.                            | JD Health International, Inc.                                     | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               | CORP              | KY        |    292800 | NS      | $2431510.28   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                           | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    307861 | NS      | $5750843.48   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                                  | Hyundai Glovis Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      7577 | NS      | $1025413.13   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                | Kia Corp.                                                         | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     84787 | NS      | $4619361.63   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Wanhua Chemical Group Co. Ltd.                           | Wanhua Chemical Group Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: 3003002H0G2KDG6CR124       | Long             | EC               | CORP              | CN        |    255800 | NS      | $3670980.22   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Atacadao SA                                              | Atacadao SA                                                       | CUSIP: N/A<br>LEI: 549300SMI26ISJIRM371       | Long             | EC               | CORP              | BR        |    556592 | NS      | $1811338.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Longfor Group Holdings Ltd.                              | Longfor Group Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | EC               | CORP              | KY        |    280000 | NS      | $925151.32    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                        | Centrais Eletricas Brasileiras SA (Preference)                    | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |     96798 | NS      | $814420.46    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd.                            | African Rainbow Minerals Ltd.                                     | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     16873 | NS      | $275155.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| momo.com, Inc.                                           | momo.com, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      7920 | NS      | $210763.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Leejam Sports Co. JSC                                    | Leejam Sports Co. JSC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     17165 | NS      | $388815.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd.                                      | Mr Price Group Ltd.                                               | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |     49814 | NS      | $471401.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Pharmaceutical Group Ltd.                | China Resources Pharmaceutical Group Ltd.                         | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |    557000 | NS      | $419557.97    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shenzhen Inovance Technology Co. Ltd.                    | Shenzhen Inovance Technology Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    226100 | NS      | $2393115.04   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of the Philippine Islands                           | Bank of the Philippine Islands                                    | CUSIP: N/A<br>LEI: 549300UW4UH6XT2X8C50       | Long             | EC               | CORP              | PH        |    136240 | NS      | $262330.85    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LG H&H Co. Ltd.                                          | LG H&H Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5650 | NS      | $3425361.91   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| AfreecaTV Co. Ltd.                                       | AfreecaTV Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11576 | NS      | $752578.56    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co. Ltd.                              | Montage Technology Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     84735 | NS      | $697841.61    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KakaoBank Corp.                                          | KakaoBank Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14090 | NS      | $312623.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                             | Bank Mandiri Persero Tbk. PT                                      | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   1213600 | NS      | $808665.49    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                         | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    140100 | NS      | $829734.93    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Transaction Capital Ltd.                                 | Transaction Capital Ltd.                                          | CUSIP: N/A<br>LEI: 213800LKDMT3FP3FQU40       | Long             | EC               | CORP              | ZA        |    168928 | NS      | $334943.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                                   | Grupo Mexico SAB de CV, Series B                                  | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    268215 | NS      | $1192905.46   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oppein Home Group, Inc.                                  | Oppein Home Group, Inc., Class A                                  | CUSIP: N/A<br>LEI: 6556007044PK3S44WF71       | Long             | EC               | CORP              | CN        |     61184 | NS      | $1141751.75   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                                       | Banco do Brasil SA                                                | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    225764 | NS      | $1815878.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                                  | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |     78500 | NS      | $346219.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Aier Eye Hospital Group Co. Ltd.                         | Aier Eye Hospital Group Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    291094 | NS      | $1422166.96   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC                                             | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    788965 | NS      | $1198845.43   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                             | Colgate-Palmolive India Ltd.                                      | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |     21993 | NS      | $390776.67    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinyi Solar Holdings Ltd.                                | Xinyi Solar Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |   1092000 | NS      | $1420651.79   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                           | Prudential plc                                                    | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |     16343 | NS      | $271540.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hefei Meiya Optoelectronic Technology, Inc.              | Hefei Meiya Optoelectronic Technology, Inc., Class A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    769421 | NS      | $3129799.03   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtac International Group                               | Airtac International Group                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     82000 | NS      | $2804332.90   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                      | Krung Thai Bank PCL                                               | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1472600 | NS      | $783461.45    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                           | Abu Dhabi Commercial Bank PJSC                                    | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    102254 | NS      | $234515.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                                 | Industrial Bank of Korea                                          | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |     93164 | NS      | $777565.71    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co. Ltd.                                     | WuXi AppTec Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     38000 | NS      | $493773.38    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Power Grid Corp. of India Ltd.                           | Power Grid Corp. of India Ltd.                                    | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    537129 | NS      | $1425403.77   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                               | Bank Polska Kasa Opieki SA                                        | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |     34073 | NS      | $728115.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                         | Powszechny Zaklad Ubezpieczen SA                                  | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    318157 | NS      | $2704329.28   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust & HKT Ltd.                                     | HKT Trust & HKT Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    563000 | NS      | $737629.25    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DL E&C Co. Ltd.                                          | DL E&C Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 988400UU0MCCBS1YP242       | Long             | EC               | CORP              | KR        |     21394 | NS      | $664719.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DaShenLin Pharmaceutical Group Co. Ltd.                  | DaShenLin Pharmaceutical Group Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 300300TO4U1GUOTTHK82       | Long             | EC               | CORP              | CN        |     98460 | NS      | $555748.96    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd.                                             | Kanzhun Ltd.                                                      | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | KY        |    111595 | NS      | $2710642.55   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                             | HDFC Life Insurance Co. Ltd.                                      | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |    767419 | NS      | $5438458.13   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ICICI Prudential Life Insurance Co. Ltd.                 | ICICI Prudential Life Insurance Co. Ltd.                          | CUSIP: N/A<br>LEI: 2138006W2MGOSH69C607       | Long             | EC               | CORP              | IN        |    128447 | NS      | $711805.33    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Beijing Huafeng Test & Control Technology Co. Ltd.       | Beijing Huafeng Test & Control Technology Co. Ltd., Class A       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      5472 | NS      | $223714.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IHH Healthcare Bhd.                                      | IHH Healthcare Bhd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    195800 | NS      | $272226.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                            | China Merchants Bank Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   1780500 | NS      | $11548551.57  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                             | Genpact Ltd.                                                      | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     79161 | NS      | $3742732.08   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk. PT                                | Bank Central Asia Tbk. PT                                         | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  14074500 | NS      | $7987407.16   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud SA                                              | Cencosud SA                                                       | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    253303 | NS      | $454965.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuyao Glass Industry Group Co. Ltd.                      | Fuyao Glass Industry Group Co. Ltd., Class H                      | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |   1087200 | NS      | $5350718.34   | 0.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shanghai Pharmaceuticals Holding Co. Ltd.                | Shanghai Pharmaceuticals Holding Co. Ltd., Class H                | CUSIP: N/A<br>LEI: 30030029J1KKCBY19820       | Long             | EC               | CORP              | CN        |    309000 | NS      | $544827.35    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                              | Realtek Semiconductor Corp.                                       | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |    288000 | NS      | $3092799.97   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sichuan Swellfun Co. Ltd.                                | Sichuan Swellfun Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    288500 | NS      | $3496701.29   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                                 | ITC Ltd.                                                          | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    125286 | NS      | $540686.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuhan Corp.                                              | Yuhan Corp.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8605 | NS      | $366275.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Energy Development PCL                              | Gulf Energy Development PCL                                       | CUSIP: N/A<br>LEI: 254900L46WX9IXF5VA41       | Long             | EC               | CORP              | TH        |    280900 | NS      | $459244.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CP ALL PCL                                               | CP ALL PCL                                                        | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    421000 | NS      | $850402.64    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                             | Sany Heavy Industry Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |    105600 | NS      | $274790.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co. Ltd.                         | Shinhan Financial Group Co. Ltd.                                  | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    117467 | NS      | $3972076.19   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Salik Co. PJSC                                           | Salik Co. PJSC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   1071034 | NS      | $734803.21    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                             | Wal-Mart de Mexico SAB de CV                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   3031712 | NS      | $11841555.86  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| X5 Retail Group NV                                       | X5 Retail Group NV                                                | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | NL        |     13771 | NS      | $3324.32      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Gruma SAB de CV                                          | Gruma SAB de CV, Class B                                          | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     40543 | NS      | $588019.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Corp.                                              | Orion Corp.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      4840 | NS      | $489909.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anjoy Foods Group Co. Ltd.                               | Anjoy Foods Group Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     85700 | NS      | $2026812.12   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co.                                 | SABIC Agri-Nutrients Co.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     38817 | NS      | $1423231.68   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co. Ltd.                                 | NARI Technology Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    504640 | NS      | $1978082.83   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                                  | ADNOC Drilling Co. PJSC                                           | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    424450 | NS      | $391907.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Han's Laser Technology Industry Group Co. Ltd.           | Han's Laser Technology Industry Group Co. Ltd., Class A           | CUSIP: N/A<br>LEI: 300300MZXZR87BGKOZ23       | Long             | EC               | CORP              | CN        |    193600 | NS      | $804924.38    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                                          | SLC Agricola SA                                                   | CUSIP: N/A<br>LEI: 54930017BQDYJPIJXG79       | Long             | EC               | CORP              | BR        |     49546 | NS      | $500506.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Media Information Technology Co. Ltd.              | Focus Media Information Technology Co. Ltd., Class A              | CUSIP: N/A<br>LEI: 300300V7WGZW0LZKTD06       | Long             | EC               | CORP              | CN        |    402400 | NS      | $415380.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA (Preference)                             | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    916379 | NS      | $4572598.17   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Industries Qatar QSC                                     | Industries Qatar QSC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    518636 | NS      | $2009402.27   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Vanke Co. Ltd.                                     | China Vanke Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               | CORP              | CN        |    478300 | NS      | $966883.87    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuala Lumpur Kepong Bhd.                                 | Kuala Lumpur Kepong Bhd.                                          | CUSIP: N/A<br>LEI: 2549009JSTRFMR7A8D34       | Long             | EC               | CORP              | MY        |     56900 | NS      | $286248.17    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyad Bank                                               | Riyad Bank                                                        | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |    126570 | NS      | $1043999.37   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Qingdao Haier Biomedical Co. Ltd.                        | Qingdao Haier Biomedical Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 65560007PZ5ME4672K78       | Long             | EC               | CORP              | CN        |     56342 | NS      | $606325.20    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Xiangyu Co. Ltd.                                  | Xiamen Xiangyu Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 300300J43OY0HAWA6E69       | Long             | EC               | CORP              | CN        |    266200 | NS      | $434358.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nongfu Spring Co. Ltd.                                   | Nongfu Spring Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 300300P08GGT4SKR9G93       | Long             | EC               | CORP              | CN        |     63400 | NS      | $358895.16    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                    | Bank Rakyat Indonesia Persero Tbk. PT                             | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  23930770 | NS      | $7338799.92   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co. Ltd.                       | Korea Investment Holdings Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     19998 | NS      | $1020491.99   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharmaron Beijing Co. Ltd.                               | Pharmaron Beijing Co. Ltd., Class H                               | CUSIP: N/A<br>LEI: 300300JYXHGVS5SNGG54       | Long             | EC               | CORP              | CN        |    216800 | NS      | $1589126.88   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                              | Wuxi Biologics Cayman, Inc.                                       | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |   1066000 | NS      | $8901535.03   | 0.82%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hong Leong Bank Bhd.                                     | Hong Leong Bank Bhd.                                              | CUSIP: N/A<br>LEI: 549300BUPYUQGB5BFX94       | Long             | EC               | CORP              | MY        |     83300 | NS      | $401288.77    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jade Bird Fire Co. Ltd.                                  | Jade Bird Fire Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     90322 | NS      | $441266.11    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                      | SK Telecom Co. Ltd.                                               | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     36008 | NS      | $1364526.72   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank PJSC                                | First Abu Dhabi Bank PJSC                                         | CUSIP: N/A<br>LEI: 2138002Y3WMK6RZS8H90       | Long             | EC               | CORP              | AE        |    424043 | NS      | $1572938.16   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems, Inc.                                       | EPAM Systems, Inc.                                                | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     10973 | NS      | $3650168.45   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtel Africa plc                                        | Airtel Africa plc                                                 | CUSIP: N/A<br>LEI: 254900ZNZDQL6OWQH623       | Long             | EC               | CORP              | GB        |    136557 | NS      | $197142.30    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    820700 | NS      | $39991824.24  | 3.70%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGi Green Energy Technology Co. Ltd.                   | LONGi Green Energy Technology Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: 300300NRGAITUP1EZ248       | Long             | EC               | CORP              | CN        |    306596 | NS      | $2198432.36   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd.                                   | Godrej Properties Ltd.                                            | CUSIP: N/A<br>LEI: 335800KM3Y5NZWXOE183       | Long             | EC               | CORP              | IN        |     27008 | NS      | $391795.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co. Ltd.                               | Samsung Biologics Co. Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      4341 | NS      | $2802898.29   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank of Ningbo Co. Ltd.                                  | Bank of Ningbo Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 300300C1092133000091       | Long             | EC               | CORP              | CN        |    337940 | NS      | $1646953.90   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp.                               | Unimicron Technology Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    308000 | NS      | $1418030.24   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                               | Arca Continental SAB de CV                                        | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    103008 | NS      | $908612.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Kuwait SAKP                             | National Bank of Kuwait SAKP                                      | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |    300346 | NS      | $1081178.77   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcos Dorados Holdings, Inc.                             | Arcos Dorados Holdings, Inc., Class A                             | CUSIP: N/A<br>LEI: 54930023P2MIZN13DQ85       | Long             | EC               | CORP              | VG        |     27084 | NS      | $230214.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Absa Group Ltd.                                          | Absa Group Ltd.                                                   | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |     60830 | NS      | $699077.39    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd.                                             | Naspers Ltd., Class N                                             | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |     15802 | NS      | $3055142.91   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co. Ltd.                              | Poya International Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     19000 | NS      | $330007.56    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp. Ltd.                   | Housing Development Finance Corp. Ltd.                            | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64       | Long             | EC               | CORP              | IN        |    518570 | NS      | $16694032.08  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                          | CTBC Financial Holding Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   3402000 | NS      | $2601252.71   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Airports of Thailand PCL                                 | Airports of Thailand PCL                                          | CUSIP: N/A<br>LEI: 5299006VS4CU6LW0TY22       | Long             | EC               | CORP              | TH        |    561300 | NS      | $1265794.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantech Co. Ltd.                                       | Advantech Co. Ltd.                                                | CUSIP: N/A<br>LEI: 2549002OSTKE9HB9IY03       | Long             | EC               | CORP              | TW        |    486000 | NS      | $5557278.78   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American Platinum Ltd.                             | Anglo American Platinum Ltd.                                      | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      4419 | NS      | $328645.98    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Info Edge India Ltd.                                     | Info Edge India Ltd.                                              | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               | CORP              | IN        |     35241 | NS      | $1590388.53   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                       | Kimberly-Clark de Mexico SAB de CV, Class A                       | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |   1447882 | NS      | $2756515.74   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd.                                        | Lenovo Group Ltd.                                                 | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1120000 | NS      | $898317.31    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp.                                 | Lite-On Technology Corp.                                          | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |    280000 | NS      | $622187.58    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd.                                   | Shoprite Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     89797 | NS      | $1243074.50   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology, Inc.                                  | ASPEED Technology, Inc.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     38500 | NS      | $2726510.27   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    132200 | NS      | $950737.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                            | Al Rajhi Bank                                                     | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |    208436 | NS      | $4575433.78   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Seng Bank Ltd.                                      | Hang Seng Bank Ltd.                                               | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     84100 | NS      | $1400535.80   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                                  | Rumo SA                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    128105 | NS      | $464592.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Joyoung Co. Ltd.                                         | Joyoung Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 3003009IDE4C1JWM1R13       | Long             | EC               | CORP              | CN        |    143200 | NS      | $395244.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                 | Ambev SA                                                          | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    762098 | NS      | $2053759.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AngloGold Ashanti Ltd.                                   | AngloGold Ashanti Ltd.                                            | CUSIP: N/A<br>LEI: 378900EF3BA9A5F42A59       | Long             | EC               | CORP              | ZA        |     18606 | NS      | $391192.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhou International Group Holdings Ltd.               | Shenzhou International Group Holdings Ltd.                        | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | KY        |    253500 | NS      | $3192482.29   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                     | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    731400 | NS      | $12976585.29  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                                          | Bajaj Auto Ltd.                                                   | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     16346 | NS      | $764364.58    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co. Ltd.                            | Baoshan Iron & Steel Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    675300 | NS      | $619176.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Circuit Electronics Ltd.                            | Gold Circuit Electronics Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    116000 | NS      | $340085.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                          | ASE Technology Holding Co. Ltd.                                   | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    816000 | NS      | $2753219.60   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                             | Ecopetrol SA                                                      | CUSIP: N/A<br>LEI: 254900IDGKCJICKBPA66       | Long             | EC               | CORP              | CO        |    473549 | NS      | $270192.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd.                                     | Shriram Finance Ltd.                                              | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |    116810 | NS      | $1842754.54   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co. Ltd.                                     | Midea Group Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |    769712 | NS      | $6318492.60   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                              | First Quantum Minerals Ltd.                                       | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     33529 | NS      | $777904.05    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV                                       | Regional SAB de CV                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    126122 | NS      | $1091331.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel, Inc.                                              | Hugel, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14745 | NS      | $1702837.48   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd.                                                 | Sea Ltd.                                                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     18873 | NS      | $1216364.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fertiglobe plc                                           | Fertiglobe plc                                                    | CUSIP: N/A<br>LEI: 984500A99D1B4CPBF744       | Long             | EC               | CORP              | AE        |    656805 | NS      | $716490.91    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Baosight Software Co. Ltd.                      | Shanghai Baosight Software Co. Ltd., Class A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    254393 | NS      | $1888041.37   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Plastics Corp.                                   | Formosa Plastics Corp.                                            | CUSIP: N/A<br>LEI: 254900KM6G17UTG1QN82       | Long             | EC               | CORP              | TW        |    559000 | NS      | $1666305.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                                 | Kotak Mahindra Bank Ltd.                                          | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |    271647 | NS      | $5767416.04   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                    | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    227000 | NS      | $5484540.51   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                      | Hong Kong Exchanges & Clearing Ltd.                               | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |    136100 | NS      | $6121450.09   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                                           | Credicorp Ltd.                                                    | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |     18873 | NS      | $2534643.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongjin Semichem Co. Ltd.                                | Dongjin Semichem Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     22803 | NS      | $625250.43    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                        | PICC Property & Casualty Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   1678000 | NS      | $1577575.66   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                         | Fubon Financial Holding Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |   1692600 | NS      | $3409039.06   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdee International Software Group Co. Ltd.            | Kingdee International Software Group Co. Ltd.                     | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | KY        |   1128000 | NS      | $2461872.71   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Corp. Inmobiliaria Vesta SAB de CV                       | Corp. Inmobiliaria Vesta SAB de CV                                | CUSIP: N/A<br>LEI: 4469000001BIRIFZJ959       | Long             | EC               | CORP              | MX        |    254900 | NS      | $693883.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd.                                              | Sanlam Ltd.                                                       | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    661721 | NS      | $2141085.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arabian Contracting Services Co.                         | Arabian Contracting Services Co.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     15195 | NS      | $444382.26    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SDI Corp.                                                | SDI Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    338000 | NS      | $1291604.59   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman, Inc.                                 | ZTO Express Cayman, Inc.                                          | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | KY        |     20100 | NS      | $572258.72    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                     | POSCO Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |     13529 | NS      | $3324439.37   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                            | Allegro.eu SA                                                     | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | LU        |    150299 | NS      | $1046163.65   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                          | Mega Financial Holding Co. Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1543000 | NS      | $1647634.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vibra Energia SA                                         | Vibra Energia SA                                                  | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    110607 | NS      | $360824.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Semiconductor Corp.               | Vanguard International Semiconductor Corp.                        | CUSIP: N/A<br>LEI: 2549001S5Q158BIJJO13       | Long             | EC               | CORP              | TW        |   1118000 | NS      | $3757871.68   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co. Ltd.                       | Samsung Electro-Mechanics Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     19431 | NS      | $2269404.09   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                           | OTP Bank Nyrt.                                                    | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     64191 | NS      | $1934170.58   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                         | Apollo Hospitals Enterprise Ltd.                                  | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |     28419 | NS      | $1483042.49   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                  | MMC Norilsk Nickel PJSC                                           | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      2018 | NS      | $968.64       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Adaro Energy Indonesia Tbk. PT                           | Adaro Energy Indonesia Tbk. PT                                    | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   1530300 | NS      | $303221.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronet LNG Ltd.                                        | Petronet LNG Ltd.                                                 | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |    777506 | NS      | $2069687.46   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.                | Ping An Insurance Group Co. of China Ltd., Class H                | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |   1429500 | NS      | $11103929.80  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACEN Corp.                                               | ACEN Corp.                                                        | CUSIP: N/A<br>LEI: 549300LGUZQ61GQQXQ60       | Long             | EC               | CORP              | PH        |     78540 | NS      | $10103.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangwon Land, Inc.                                       | Kangwon Land, Inc.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     48123 | NS      | $922128.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Kingsoft Office Software, Inc.                   | Beijing Kingsoft Office Software, Inc., Class A                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     33880 | NS      | $1414740.41   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd.                           | China Resources Gas Group Ltd.                                    | CUSIP: N/A<br>LEI: 529900A0E1J5JSOKEK83       | Long             | EC               | CORP              | BM        |    679100 | NS      | $2855777.12   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Manufacturing Co. Ltd.                             | Giant Manufacturing Co. Ltd.                                      | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |    274000 | NS      | $1881223.38   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Jiangsu Co. Ltd.                                 | Bank of Jiangsu Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300C1086832000046       | Long             | EC               | CORP              | CN        |    542200 | NS      | $597165.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvoton Technology Corp.                                 | Nuvoton Technology Corp.                                          | CUSIP: N/A<br>LEI: 25490081WZAX02O6MB63       | Long             | EC               | CORP              | TW        |     93000 | NS      | $406497.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Investments Corp.                                     | SM Investments Corp.                                              | CUSIP: N/A<br>LEI: 254900YB8UATFP21AF80       | Long             | EC               | CORP              | PH        |     18280 | NS      | $309118.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co. Ltd.                 | Samsung Fire & Marine Insurance Co. Ltd.                          | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      7429 | NS      | $1224942.75   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayala Land, Inc.                                         | Ayala Land, Inc.                                                  | CUSIP: N/A<br>LEI: 254900EWT10TQ6DKTV34       | Long             | EC               | CORP              | PH        |    589400 | NS      | $317900.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Ya Plastics Corp.                                    | Nan Ya Plastics Corp.                                             | CUSIP: N/A<br>LEI: 254900L66RP14M9UOM28       | Long             | EC               | CORP              | TW        |    628000 | NS      | $1580443.17   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Multi Commodity Exchange of India Ltd.                   | Multi Commodity Exchange of India Ltd.                            | CUSIP: N/A<br>LEI: 254900BTZEPM27IOAM68       | Long             | EC               | CORP              | IN        |     23008 | NS      | $427025.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE, Inc.                                         | Chroma ATE, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    169000 | NS      | $1048764.82   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                      | CUSIP: 368287207<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     12780 | NS      | $1426.25      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trip.com Group Ltd.                                      | Trip.com Group Ltd.                                               | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |    111750 | NS      | $4110774.20   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                                      | Perseus Mining Ltd.                                               | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    203340 | NS      | $308930.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Feng TAY Enterprise Co. Ltd.                             | Feng TAY Enterprise Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     77000 | NS      | $508401.83    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Unichip Corp.                                     | Global Unichip Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     96000 | NS      | $2533772.64   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd.                                        | Clicks Group Ltd.                                                 | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |    176795 | NS      | $2696428.57   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Power Synergy PCL                                 | Global Power Synergy PCL                                          | CUSIP: N/A<br>LEI: 2549009TMPQXKDVDN395       | Long             | EC               | CORP              | TH        |    111500 | NS      | $233445.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Angel Yeast Co. Ltd.                                     | Angel Yeast Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003002K1DZ78FXZXI48       | Long             | EC               | CORP              | CN        |    222709 | NS      | $1374840.21   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Services Ltd.                    | Computer Age Management Services Ltd.                             | CUSIP: N/A<br>LEI: 33580012MDHMBHWN5Z06       | Long             | EC               | CORP              | IN        |     22431 | NS      | $627150.99    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co. Ltd.                     | SITC International Holdings Co. Ltd.                              | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    116000 | NS      | $253413.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                   | TIM SA                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    207363 | NS      | $482838.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd.                                | ANTA Sports Products Ltd.                                         | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |    172600 | NS      | $2618103.68   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                  | Accton Technology Corp.                                           | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    500000 | NS      | $4086139.24   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co. Ltd.                               | KIWOOM Securities Co. Ltd.                                        | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |     14921 | NS      | $1196433.90   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Innovation Co. Ltd.                                   | SK Innovation Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400PXP70BWVSJVF07       | Long             | EC               | CORP              | KR        |     10970 | NS      | $1458078.84   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Livzon Pharmaceutical Group, Inc.                        | Livzon Pharmaceutical Group, Inc., Class H                        | CUSIP: N/A<br>LEI: 529900Y4GWTVVTORJ443       | Long             | EC               | CORP              | CN        |    168800 | NS      | $574926.31    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                              | President Chain Store Corp.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    465000 | NS      | $4188531.15   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                               | Unilever Indonesia Tbk. PT                                        | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |    932800 | NS      | $290363.41    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd.                                  | Sibanye Stillwater Ltd.                                           | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    148381 | NS      | $392208.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA                                            | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    443143 | NS      | $5140458.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                        | Huayu Automotive Systems Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |    616246 | NS      | $1668044.41   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                 | Reliance Industries Ltd.                                          | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    210287 | NS      | $6066235.42   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd. (The)                                 | Bidvest Group Ltd. (The)                                          | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |    170464 | NS      | $2200161.21   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                                | Itausa SA (Preference)                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    751572 | NS      | $1261429.28   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Securities Co. Ltd.                                | CITIC Securities Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 300300E1006744000068       | Long             | EC               | CORP              | CN        |    699000 | NS      | $1599182.38   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd.                                 | Maruti Suzuki India Ltd.                                          | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |     13032 | NS      | $1420641.78   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Eo Technics Co. Ltd.                                     | Eo Technics Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      7897 | NS      | $483684.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co. Ltd.                                 | ENN Natural Gas Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300KVDMGNQNP52Z98       | Long             | EC               | CORP              | CN        |    223800 | NS      | $599147.17    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co. PJSC               | Emirates Telecommunications Group Co. PJSC                        | CUSIP: N/A<br>LEI: 529900XDPQPWEQ9BGB80       | Long             | EC               | CORP              | AE        |    126091 | NS      | $883465.81    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Merdeka Copper Gold Tbk. PT                              | Merdeka Copper Gold Tbk. PT                                       | CUSIP: N/A<br>LEI: 894500DF5TJXCOE26L58       | Long             | EC               | CORP              | ID        |    755700 | NS      | $239330.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co.                                        | Saudi Telecom Co.                                                 | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |    161096 | NS      | $1589888.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Poly Developments and Holdings Group Co. Ltd.            | Poly Developments and Holdings Group Co. Ltd., Class A            | CUSIP: N/A<br>LEI: 300300W9OF1ZRGUDVU96       | Long             | EC               | CORP              | CN        |    480200 | NS      | $1119276.94   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakaopay Corp.                                           | Kakaopay Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5052 | NS      | $252476.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                                  | Sberbank of Russia PJSC                                           | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    629236 | NS      | $23390.92     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rosneft Oil Co. PJSC                                     | Rosneft Oil Co. PJSC                                              | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               | CORP              | RU        |    141777 | NS      | $12438.84     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                   | Hyundai Mobis Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |     20840 | NS      | $3484597.33   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co. Ltd.                         | E.Sun Financial Holding Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |   3524427 | NS      | $2886638.99   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                      | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |   1135066 | NS      | $76952.26     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Pegavision Corp.                                         | Pegavision Corp.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     20000 | NS      | $304048.56    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China State Construction Engineering Corp. Ltd.          | China State Construction Engineering Corp. Ltd., Class A          | CUSIP: N/A<br>LEI: 300300CWW8WOEV3BR645       | Long             | EC               | CORP              | CN        |    393400 | NS      | $323388.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.                           | Tata Consultancy Services Ltd.                                    | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    207365 | NS      | $8558715.45   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Oil PCL                                             | Thai Oil PCL                                                      | CUSIP: N/A<br>LEI: 549300HG5527UPZLTT69       | Long             | EC               | CORP              | TH        |    395963 | NS      | $696896.23    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldar Properties PJSC                                    | Aldar Properties PJSC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    728019 | NS      | $867025.89    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                    | Banco Santander Chile                                             | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |  74633487 | NS      | $3137558.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DL Holdings Co. Ltd.                                     | DL Holdings Co. Ltd.                                              | CUSIP: N/A<br>LEI: 988400LJMYZ3ZOXJVE47       | Long             | EC               | CORP              | KR        |      7294 | NS      | $362892.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfang Electric Corp. Ltd.                             | Dongfang Electric Corp. Ltd., Class H                             | CUSIP: N/A<br>LEI: 529900ISAW6T566F0R12       | Long             | EC               | CORP              | CN        |    216800 | NS      | $387213.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Makalot Industrial Co. Ltd.                              | Makalot Industrial Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    250000 | NS      | $1825158.08   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                                 | Yum China Holdings, Inc.                                          | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     88397 | NS      | $5446139.17   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                                        | Gentera SAB de CV                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    635316 | NS      | $775314.61    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp.                                            | Silergy Corp.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    211000 | NS      | $4293735.57   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Weixing New Building Materials Co. Ltd.         | Zhejiang Weixing New Building Materials Co. Ltd., Class A         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    119900 | NS      | $406512.17    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                 | KB Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    101947 | NS      | $4645970.40   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Fuling Zhacai Group Co. Ltd.                   | Chongqing Fuling Zhacai Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     58300 | NS      | $230718.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                    | UltraTech Cement Ltd.                                             | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |     18275 | NS      | $1586368.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                            | WH Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    713577 | NS      | $439466.81    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Metropolis Healthcare Ltd.                               | Metropolis Healthcare Ltd.                                        | CUSIP: N/A<br>LEI: 335800SD5OOGR1D97215       | Long             | EC               | CORP              | IN        |     27510 | NS      | $453519.79    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Truworths International Ltd.                             | Truworths International Ltd.                                      | CUSIP: N/A<br>LEI: 37890099AFD770037522       | Long             | EC               | CORP              | ZA        |    118713 | NS      | $452405.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Micro-Star International Co. Ltd.                        | Micro-Star International Co. Ltd.                                 | CUSIP: N/A<br>LEI: 254900F4E0BDGJSSD870       | Long             | EC               | CORP              | TW        |    195000 | NS      | $856500.41    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hero MotoCorp Ltd.                                       | Hero MotoCorp Ltd.                                                | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |     23086 | NS      | $781699.79    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                                  | Bharat Electronics Ltd.                                           | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |   1421499 | NS      | $1653972.45   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                  | Hindustan Unilever Ltd.                                           | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |    260519 | NS      | $8219471.17   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                           | Cia Energetica de Minas Gerais (Preference)                       | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EC               | CORP              | BR        |    287124 | NS      | $651024.81    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd.                                 | ENN Energy Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |    228900 | NS      | $3448773.83   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TBEA Co. Ltd.                                            | TBEA Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: 300300NIEBMOQ4DNLE36       | Long             | EC               | CORP              | CN        |    364600 | NS      | $1153959.44   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp.                         | China Petroleum & Chemical Corp., Class H                         | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   3978000 | NS      | $2147999.67   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                             | B2Gold Corp.                                                      | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    123615 | NS      | $489610.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Expressway & Metro PCL                           | Bangkok Expressway & Metro PCL                                    | CUSIP: N/A<br>LEI: 529900A653WRN6DJXS19       | Long             | EC               | CORP              | TH        |    954600 | NS      | $281011.77    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                            | China Construction Bank Corp., Class H                            | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |  11659000 | NS      | $7546764.85   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                   | WEG SA                                                            | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |    249135 | NS      | $1881162.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk. PT                                  | United Tractors Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    195100 | NS      | $320306.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinyi Glass Holdings Ltd.                                | Xinyi Glass Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 52990082YXVVZFK1QJ17       | Long             | EC               | CORP              | KY        |   1166000 | NS      | $2482562.61   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp.                      | Tingyi Cayman Islands Holding Corp.                               | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |   1682000 | NS      | $2798198.18   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp. Ltd.                             | Oil & Natural Gas Corp. Ltd.                                      | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |    481401 | NS      | $857788.08    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                   | Localiza Rent a Car SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    240041 | NS      | $2800312.83   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                          | Cemex SAB de CV                                                   | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |    652785 | NS      | $347356.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Energy Solution Ltd.                                  | LG Energy Solution Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1644 | NS      | $699276.12    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                              | MOL Hungarian Oil & Gas plc                                       | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     61408 | NS      | $458910.41    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co. Ltd.                              | Sinbon Electronics Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     92000 | NS      | $883910.37    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Thailand PCL                           | Delta Electronics Thailand PCL                                    | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |     30000 | NS      | $824219.86    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                        | Hyundai Motor Co.                                                 | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |      5052 | NS      | $688695.93    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Eclat Textile Co. Ltd.                                   | Eclat Textile Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    281000 | NS      | $4686319.04   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                        | Banco Bradesco SA (Preference)                                    | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    519220 | NS      | $1439124.05   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics, Inc.                                  | Delta Electronics, Inc.                                           | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    832000 | NS      | $8068292.90   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubei Xingfa Chemicals Group Co. Ltd.                    | Hubei Xingfa Chemicals Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 300300VDBHR35WWCOK67       | Long             | EC               | CORP              | CN        |     66800 | NS      | $322653.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                             | Dr Reddy's Laboratories Ltd.                                      | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |     17590 | NS      | $932868.88    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK Hynix, Inc.                                                    | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    150339 | NS      | $10876108.56  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                         | Sands China Ltd.                                                  | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |    336000 | NS      | $1260029.06   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                           | Moscow Exchange MICEX-RTS PJSC                                    | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               | CORP              | RU        |    571670 | NS      | $13582.03     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Dino Polska SA                                           | Dino Polska SA                                                    | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |     27389 | NS      | $2481298.57   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Petronas Chemicals Group Bhd.                            | Petronas Chemicals Group Bhd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    224700 | NS      | $440960.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co. Ltd.                | Foshan Haitian Flavouring & Food Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    334775 | NS      | $3945369.39   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Chile                                           | Banco de Chile                                                    | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   3502898 | NS      | $382779.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd.                                         | Gold Fields Ltd.                                                  | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     41383 | NS      | $471679.12    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                         | JPMorgan Prime Money Market Fund, Class IM                        | CUSIP: 46637K844<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3882327 | NS      | $3884656.69   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk. PT                    | Bank Negara Indonesia Persero Tbk. PT                             | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |    898100 | NS      | $550527.03    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United International Transportation Co.                  | United International Transportation Co.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     57257 | NS      | $766409.66    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                             | Wiwynn Corp.                                                      | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |    124000 | NS      | $3114589.67   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Intouch Holdings PCL                                     | Intouch Holdings PCL                                              | CUSIP: N/A<br>LEI: 529900UDPDZWDBCCDO79       | Long             | EC               | CORP              | TH        |    140200 | NS      | $309806.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Investment Ltd.                                | Guangdong Investment Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1118000 | NS      | $1214616.49   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BGF retail Co. Ltd.                                      | BGF retail Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     13833 | NS      | $2096670.90   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                             | Kumho Petrochemical Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5383 | NS      | $647440.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                           | Techtronic Industries Co. Ltd.                                    | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    277500 | NS      | $3577469.67   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd.                                     | Tenaga Nasional Bhd.                                              | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    224400 | NS      | $495880.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                    | Saudi Arabian Oil Co.                                             | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    100646 | NS      | $887948.80    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Life Insurance Co. Ltd.                          | Samsung Life Insurance Co. Ltd.                                   | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |     12760 | NS      | $734621.18    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                           | AIA Group Ltd.                                                    | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    617200 | NS      | $6979080.37   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                         | Telkom Indonesia Persero Tbk. PT                                  | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |  19173400 | NS      | $4955034.04   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinduoduo, Inc.                                          | Pinduoduo, Inc.                                                   | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     55490 | NS      | $5436910.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                           | Bid Corp. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    214584 | NS      | $4421170.34   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                           | BB Seguridade Participacoes SA                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    197910 | NS      | $1476439.87   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hangzhou Tigermed Consulting Co. Ltd.                    | Hangzhou Tigermed Consulting Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 300300CP4N8WDF6DOO67       | Long             | EC               | CORP              | CN        |     62800 | NS      | $823790.45    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd.        | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     28500 | NS      | $1409442.46   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd.                    | China Overseas Land & Investment Ltd.                             | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |   1143500 | NS      | $3087760.37   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp.                            | United Microelectronics Corp.                                     | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |   1744000 | NS      | $2853960.61   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                    | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    187197 | NS      | $12609589.92  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co. Ltd.                             | Full Truck Alliance Co. Ltd.                                      | CUSIP: 35969L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     90328 | NS      | $727140.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                                     | Banco BTG Pactual SA                                              | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |    104713 | NS      | $445560.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Parade Technologies Ltd.                                 | Parade Technologies Ltd.                                          | CUSIP: N/A<br>LEI: 529900D9FDQHQKAQLY02       | Long             | EC               | CORP              | KY        |     58000 | NS      | $1793573.64   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Indorama Ventures PCL                                    | Indorama Ventures PCL                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    454700 | NS      | $560095.98    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                              | BOC Hong Kong Holdings Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    132500 | NS      | $463072.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank Co. Ltd.                                 | Industrial Bank Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300C1030935001303       | Long             | EC               | CORP              | CN        |     86525 | NS      | $226501.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lemon Tree Hotels Ltd.                                   | Lemon Tree Hotels Ltd.                                            | CUSIP: N/A<br>LEI: 335800QFBWIUBBCRJN72       | Long             | EC               | CORP              | IN        |    704458 | NS      | $661178.26    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                        | Zhen Ding Technology Holding Ltd.                                 | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |     91000 | NS      | $336029.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Supor Co. Ltd.                                  | Zhejiang Supor Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    422573 | NS      | $3239278.36   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Americana Restaurants International plc                  | Americana Restaurants International plc                           | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |    601872 | NS      | $556487.03    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                   | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    765196 | NS      | $7828852.35   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Kalbe Farma Tbk. PT                                      | Kalbe Farma Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |   2787800 | NS      | $383822.84    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Prime Holdings, Inc.                                  | SM Prime Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 254900SZK83MIAB8CU32       | Long             | EC               | CORP              | PH        |    505000 | NS      | $342177.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                          | Lojas Renner SA                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    778402 | NS      | $3336687.65   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT PCL                                                  | PTT PCL                                                           | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |    785800 | NS      | $794029.48    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd.                                 | Woolworths Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |     92633 | NS      | $401462.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Topsports International Holdings Ltd.                    | Topsports International Holdings Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1693000 | NS      | $1595251.51   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd.                            | Impala Platinum Holdings Ltd.                                     | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     43541 | NS      | $504894.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co. Ltd.                                           | Coway Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     15916 | NS      | $721764.47    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ISC Co. Ltd.                                             | ISC Co. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     27341 | NS      | $798755.96    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                  | MMC Norilsk Nickel PJSC                                           | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |      2036 | NS      | $11599.28     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Energy Absolute PCL                                      | Energy Absolute PCL                                               | CUSIP: N/A<br>LEI: 549300YNVU2DM30XBZ14       | Long             | EC               | CORP              | TH        |    114700 | NS      | $301537.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp.                                              | S-Oil Corp.                                                       | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32       | Long             | EC               | CORP              | KR        |     37742 | NS      | $2722638.54   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd.                                       | Kosmos Energy Ltd.                                                | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |     94883 | NS      | $750524.53    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi National Oil Co. for Distribution PJSC         | Abu Dhabi National Oil Co. for Distribution PJSC                  | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |    512170 | NS      | $614391.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                                           | Axis Bank Ltd.                                                    | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |    406311 | NS      | $4342541.45   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Automobile Group Co. Ltd.                      | Guangzhou Automobile Group Co. Ltd., Class H                      | CUSIP: N/A<br>LEI: 5299005KY9BJO3ZE6A37       | Long             | EC               | CORP              | CN        |   1142000 | NS      | $821591.30    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi British Bank (The)                                 | Saudi British Bank (The)                                          | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |     85111 | NS      | $824671.52    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Aarti Pharmalabs Ltd.                                    | Aarti Pharmalabs Ltd.                                             | CUSIP: N/A<br>LEI: 335800TTAKRBNDK5P363       | Long             | EC               | CORP              | IN        |     10920 | NS      | $36500.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uni-President Enterprises Corp.                          | Uni-President Enterprises Corp.                                   | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    845000 | NS      | $1898366.56   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Mixc Lifestyle Services Ltd.             | China Resources Mixc Lifestyle Services Ltd.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    622200 | NS      | $3584904.32   | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OPAP SA                                                  | OPAP SA                                                           | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     54934 | NS      | $824869.22    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd.                                       | Ivanhoe Mines Ltd., Class A                                       | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     39726 | NS      | $373210.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Cross Corp.                                        | Green Cross Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1963 | NS      | $206415.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd.                                 | Standard Bank Group Ltd.                                          | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    285792 | NS      | $2851552.12   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Jubilant Foodworks Ltd.                                  | Jubilant Foodworks Ltd.                                           | CUSIP: N/A<br>LEI: 9845000D3B99893F5B14       | Long             | EC               | CORP              | IN        |     88684 | NS      | $530234.44    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                                 | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |    169200 | NS      | $381619.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                            | Severstal PAO                                                     | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     98048 | NS      | $31375.36     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elm Co.                                                  | Elm Co.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      5348 | NS      | $509853.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co.                            | Mouwasat Medical Services Co.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     27009 | NS      | $1486952.66   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnitogorsk Iron & Steel Works PJSC                     | Magnitogorsk Iron & Steel Works PJSC                              | CUSIP: 559189204<br>LEI: 253400XSJ4C01YMCXG44 | Long             | EC               | CORP              | RU        |     12378 | NS      | $1869.08      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| H World Group Ltd.                                       | H World Group Ltd.                                                | CUSIP: N/A<br>LEI: 549300Y5ML31FVN83730       | Long             | EC               | CORP              | KY        |    678600 | NS      | $3226399.57   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                              | Zijin Mining Group Co. Ltd., Class H                              | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   1056000 | NS      | $1746678.98   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                              | B3 SA - Brasil Bolsa Balcao                                       | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |   2667396 | NS      | $6815224.89   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                                | Gerdau SA (Preference)                                            | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    122720 | NS      | $795360.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group, Inc.                               | Hana Financial Group, Inc.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    147104 | NS      | $5844035.47   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                     | Richter Gedeon Nyrt.                                              | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     23496 | NS      | $530572.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                                | SCB X PCL                                                         | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |   1001700 | NS      | $3172768.04   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Paints Ltd.                                        | Asian Paints Ltd.                                                 | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     16362 | NS      | $546400.01    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                       | Grupo Financiero Banorte SAB de CV, Class O                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   1267053 | NS      | $10496814.64  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SKC Co. Ltd.                                             | SKC Co. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     17764 | NS      | $1384817.69   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Cement PCL (The)                                    | Siam Cement PCL (The) (Registered)                                | CUSIP: N/A<br>LEI: 529900SEH9QK8ZZDCQ89       | Long             | EC               | CORP              | TH        |    252700 | NS      | $2578378.82   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sahara International Petrochemical Co.                   | Sahara International Petrochemical Co.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     30457 | NS      | $303025.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd.                      | Press Metal Aluminium Holdings Bhd.                               | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |    251900 | NS      | $307258.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                | Coca-Cola Femsa SAB de CV                                         | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33       | Long             | EC               | CORP              | MX        |     44976 | NS      | $342195.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                    | HCL Technologies Ltd.                                             | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |    261011 | NS      | $3599238.55   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| IndusInd Bank Ltd.                                       | IndusInd Bank Ltd.                                                | CUSIP: N/A<br>LEI: 335800JDVJ8HSXG9G512       | Long             | EC               | CORP              | IN        |     45074 | NS      | $599086.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equipment, Inc.               | Advanced Micro-Fabrication Equipment, Inc., Class A               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     23395 | NS      | $365581.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| StarPower Semiconductor Ltd.                             | StarPower Semiconductor Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     30174 | NS      | $1417910.45   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                      | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    926766 | NS      | $17455919.90  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd.                                                 | UPL Ltd.                                                          | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     63658 | NS      | $590427.27    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp.                                             | NCSoft Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     13434 | NS      | $4972344.81   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                          | Porto Seguro SA                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    143330 | NS      | $733548.73    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA              | Hellenic Telecommunications Organization SA                       | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     55213 | NS      | $870391.45    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanon Systems                                            | Hanon Systems                                                     | CUSIP: N/A<br>LEI: 5493004WIDNO4WOEYG91       | Long             | EC               | CORP              | KR        |    106144 | NS      | $791855.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd.                                           | MTN Group Ltd.                                                    | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    133719 | NS      | $1131880.57   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzhou Maxwell Technologies Co. Ltd.                     | Suzhou Maxwell Technologies Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     16260 | NS      | $1071404.84   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings, Inc.                                     | E Ink Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |    282000 | NS      | $1636383.13   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Motor Oil Hellas Corinth Refineries SA                   | Motor Oil Hellas Corinth Refineries SA                            | CUSIP: N/A<br>LEI: 213800U3Y9UL7Y4QVM11       | Long             | EC               | CORP              | GR        |     14445 | NS      | $353004.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                               | Globant SA                                                        | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Long             | EC               | CORP              | LU        |     12418 | NS      | $2013951.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMB Group Holdings Bhd.                                 | CIMB Group Holdings Bhd.                                          | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    392800 | NS      | $530536.52    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd.                                       | Eicher Motors Ltd.                                                | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |     10682 | NS      | $427026.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                                  | Dubai Islamic Bank PJSC                                           | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    187547 | NS      | $284310.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Cement Corp.                                      | Taiwan Cement Corp.                                               | CUSIP: N/A<br>LEI: 529900C56C3PB9X9ZO58       | Long             | EC               | CORP              | TW        |    575961 | NS      | $697640.38    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co. Ltd.                            | China Life Insurance Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |    130000 | NS      | $239300.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Liangxin Electrical Co. Ltd.                    | Shanghai Liangxin Electrical Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 300300X2WC3DY43W0V29       | Long             | EC               | CORP              | CN        |    233400 | NS      | $501963.99    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      6449 | NS      | $7620718.81   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VTB Bank PJSC                                            | VTB Bank PJSC                                                     | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               | CORP              | RU        | 168450798 | NS      | $793.40       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lotes Co. Ltd.                                           | Lotes Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     93000 | NS      | $2364153.70   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                            | Coupang, Inc.                                                     | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     33385 | NS      | $563872.65    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Global Chemical PCL                                  | PTT Global Chemical PCL                                           | CUSIP: N/A<br>LEI: 5493007X3230PPPZFF40       | Long             | EC               | CORP              | TH        |    196500 | NS      | $294518.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Minor International PCL                                  | Minor International PCL                                           | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |    234000 | NS      | $236979.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Alinma Bank                                              | Alinma Bank                                                       | CUSIP: N/A<br>LEI: 558600HPAUTN6XSVBK93       | Long             | EC               | CORP              | SA        |    170274 | NS      | $1500120.60   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                      | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    742655 | NS      | $36991833.96  | 3.42%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                         | PTT Exploration & Production PCL                                  | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    865900 | NS      | $4520062.96   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Aarti Industries Ltd.                                    | Aarti Industries Ltd.                                             | CUSIP: N/A<br>LEI: 335800JBE5SD89NHB831       | Long             | EC               | CORP              | IN        |     42112 | NS      | $277628.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer