# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001861
**Filing Date:** 2025-9
**Character Count:** 129213
**Document Hash:** 0a252c01dc2d384b1738bf78b68f6804
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001861.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001861

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 251341874

**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 International Hedged Equity Laddered Overlay ETF (Series ID: S000090419)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000257466 | JPMorgan International Hedged Equity Laddered Overlay ETF | HOLA            |

## Nport-Ex

**JPMorgan International Hedged Equity Laddered Overlay ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 98.6%** | **Common Stocks — 98.6%** | **Common Stocks — 98.6%** |
| **Australia — 7.3%** | **Australia — 7.3%** | **Australia — 7.3%** |
| &nbsp;&nbsp;&nbsp; ANZ Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 43035 | &nbsp;&nbsp;&nbsp;&nbsp; 844497 |
| &nbsp;&nbsp;&nbsp; Aristocrat Leisure Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7124 | &nbsp;&nbsp;&nbsp;&nbsp; 318991 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 75700 | &nbsp;&nbsp;&nbsp;&nbsp; 1911822 |
| &nbsp;&nbsp;&nbsp; Brambles Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 32350 | &nbsp;&nbsp;&nbsp;&nbsp; 494937 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia | &nbsp;&nbsp;&nbsp;&nbsp; 15750 | &nbsp;&nbsp;&nbsp;&nbsp; 1788091 |
| &nbsp;&nbsp;&nbsp; Glencore plc | &nbsp;&nbsp;&nbsp;&nbsp; 29133 | &nbsp;&nbsp;&nbsp;&nbsp; 116920 |
| &nbsp;&nbsp;&nbsp; Goodman Group, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 25266 | &nbsp;&nbsp;&nbsp;&nbsp; 564909 |
| &nbsp;&nbsp;&nbsp; Insurance Australia Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 104635 | &nbsp;&nbsp;&nbsp;&nbsp; 587360 |
| &nbsp;&nbsp;&nbsp; Macquarie Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6129 | &nbsp;&nbsp;&nbsp;&nbsp; 848777 |
| &nbsp;&nbsp;&nbsp; Medibank Pvt Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 241523 | &nbsp;&nbsp;&nbsp;&nbsp; 789395 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 41940 | &nbsp;&nbsp;&nbsp;&nbsp; 1040810 |
| &nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13901 | &nbsp;&nbsp;&nbsp;&nbsp; 138111 |
| &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 67951 | &nbsp;&nbsp;&nbsp;&nbsp; 1008000 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 23986 | &nbsp;&nbsp;&nbsp;&nbsp; 1705836 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp; 11497 | &nbsp;&nbsp;&nbsp;&nbsp; 684755 |
| &nbsp;&nbsp;&nbsp; Santos Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 158106 | &nbsp;&nbsp;&nbsp;&nbsp; 795572 |
| &nbsp;&nbsp;&nbsp; Telstra Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 154773 | &nbsp;&nbsp;&nbsp;&nbsp; 493274 |
| &nbsp;&nbsp;&nbsp; Transurban Group | &nbsp;&nbsp;&nbsp;&nbsp; 65627 | &nbsp;&nbsp;&nbsp;&nbsp; 580788 |
| &nbsp;&nbsp;&nbsp; Wesfarmers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10490 | &nbsp;&nbsp;&nbsp;&nbsp; 573798 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19535 | &nbsp;&nbsp;&nbsp;&nbsp; 421763 |
| &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18192 | &nbsp;&nbsp;&nbsp;&nbsp; 307852 |
| &nbsp;&nbsp;&nbsp; Woolworths Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 32725 | &nbsp;&nbsp;&nbsp;&nbsp; 660656 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16676914 |
| **Belgium — 0.7%** | **Belgium — 0.7%** | **Belgium — 0.7%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev SA | &nbsp;&nbsp;&nbsp;&nbsp; 9763 | &nbsp;&nbsp;&nbsp;&nbsp; 561301 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 9026 | &nbsp;&nbsp;&nbsp;&nbsp; 941448 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1502749 |
| **China — 0.5%** | **China — 0.5%** | **China — 0.5%** |
| &nbsp;&nbsp;&nbsp; Prosus NV | &nbsp;&nbsp;&nbsp;&nbsp; 18091 | &nbsp;&nbsp;&nbsp;&nbsp; 1033463 |
| **Denmark — 2.3%** | **Denmark — 2.3%** | **Denmark — 2.3%** |
| &nbsp;&nbsp;&nbsp; Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 7803 | &nbsp;&nbsp;&nbsp;&nbsp; 972779 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 31461 | &nbsp;&nbsp;&nbsp;&nbsp; 1248104 |
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 45857 | &nbsp;&nbsp;&nbsp;&nbsp; 2132718 |
| &nbsp;&nbsp;&nbsp; Novonesis Novozymes B | &nbsp;&nbsp;&nbsp;&nbsp; 13993 | &nbsp;&nbsp;&nbsp;&nbsp; 905313 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5258914 |
| **Finland — 0.7%** | **Finland — 0.7%** | **Finland — 0.7%** |
| &nbsp;&nbsp;&nbsp; Nokia OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 40909 | &nbsp;&nbsp;&nbsp;&nbsp; 166718 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp;&nbsp; 101845 | &nbsp;&nbsp;&nbsp;&nbsp; 1487010 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1653728 |
| **France — 11.7%** | **France — 11.7%** | **France — 11.7%** |
| &nbsp;&nbsp;&nbsp; Air Liquide SA | &nbsp;&nbsp;&nbsp;&nbsp; 14160 | &nbsp;&nbsp;&nbsp;&nbsp; 2785790 |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp;&nbsp;&nbsp; 7113 | &nbsp;&nbsp;&nbsp;&nbsp; 1430105 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp;&nbsp; 6560 | &nbsp;&nbsp;&nbsp;&nbsp; 318614 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 22614 | &nbsp;&nbsp;&nbsp;&nbsp; 2061906 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp; 8961 | &nbsp;&nbsp;&nbsp;&nbsp; 1334082 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp; 27248 | &nbsp;&nbsp;&nbsp;&nbsp; 969389 |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 92422 | &nbsp;&nbsp;&nbsp;&nbsp; 2077484 |
| &nbsp;&nbsp;&nbsp; EssilorLuxottica SA | &nbsp;&nbsp;&nbsp;&nbsp; 1673 | &nbsp;&nbsp;&nbsp;&nbsp; 497474 |
| &nbsp;&nbsp;&nbsp; Hermes International SCA | &nbsp;&nbsp;&nbsp;&nbsp; 139 | &nbsp;&nbsp;&nbsp;&nbsp; 339923 |
| &nbsp;&nbsp;&nbsp; Legrand SA | &nbsp;&nbsp;&nbsp;&nbsp; 16690 | &nbsp;&nbsp;&nbsp;&nbsp; 2465227 |
| &nbsp;&nbsp;&nbsp; L'Oreal SA | &nbsp;&nbsp;&nbsp;&nbsp; 1139 | &nbsp;&nbsp;&nbsp;&nbsp; 503989 |
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;&nbsp; 3615 | &nbsp;&nbsp;&nbsp;&nbsp; 1940575 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp;&nbsp;&nbsp; 73098 | &nbsp;&nbsp;&nbsp;&nbsp; 1111900 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard SA | &nbsp;&nbsp;&nbsp;&nbsp; 8952 | &nbsp;&nbsp;&nbsp;&nbsp; 919986 |
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp;&nbsp;&nbsp; 9454 | &nbsp;&nbsp;&nbsp;&nbsp; 3117470 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 35107 | &nbsp;&nbsp;&nbsp;&nbsp; 2240830 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp; 15172 | &nbsp;&nbsp;&nbsp;&nbsp; 902211 |
| &nbsp;&nbsp;&nbsp; Vinci SA | &nbsp;&nbsp;&nbsp;&nbsp; 12182 | &nbsp;&nbsp;&nbsp;&nbsp; 1692188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26709143 |
| **Germany — 10.8%** | **Germany — 10.8%** | **Germany — 10.8%** |
| &nbsp;&nbsp;&nbsp; adidas AG | &nbsp;&nbsp;&nbsp;&nbsp; 2659 | &nbsp;&nbsp;&nbsp;&nbsp; 508212 |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 8321 | &nbsp;&nbsp;&nbsp;&nbsp; 3288277 |
| &nbsp;&nbsp;&nbsp; BASF SE | &nbsp;&nbsp;&nbsp;&nbsp; 2095 | &nbsp;&nbsp;&nbsp;&nbsp; 102675 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 21518 | &nbsp;&nbsp;&nbsp;&nbsp; 669248 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 5485 | &nbsp;&nbsp;&nbsp;&nbsp; 266819 |
| &nbsp;&nbsp;&nbsp; Deutsche Boerse AG | &nbsp;&nbsp;&nbsp;&nbsp; 1151 | &nbsp;&nbsp;&nbsp;&nbsp; 333085 |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG | &nbsp;&nbsp;&nbsp;&nbsp; 28974 | &nbsp;&nbsp;&nbsp;&nbsp; 1298202 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 64149 | &nbsp;&nbsp;&nbsp;&nbsp; 2300763 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp; 74453 | &nbsp;&nbsp;&nbsp;&nbsp; 1358265 |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | &nbsp;&nbsp;&nbsp;&nbsp; 1117 | &nbsp;&nbsp;&nbsp;&nbsp; 257686 |
| &nbsp;&nbsp;&nbsp; Infineon Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp; 42322 | &nbsp;&nbsp;&nbsp;&nbsp; 1662542 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 5274 | &nbsp;&nbsp;&nbsp;&nbsp; 298615 |
| &nbsp;&nbsp;&nbsp; MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;&nbsp; 676 | &nbsp;&nbsp;&nbsp;&nbsp; 291598 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 3741 | &nbsp;&nbsp;&nbsp;&nbsp; 2449124 |
| &nbsp;&nbsp;&nbsp; Rheinmetall AG | &nbsp;&nbsp;&nbsp;&nbsp; 548 | &nbsp;&nbsp;&nbsp;&nbsp; 1084765 |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp;&nbsp;&nbsp; 7039 | &nbsp;&nbsp;&nbsp;&nbsp; 288777 |
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp;&nbsp;&nbsp; 12317 | &nbsp;&nbsp;&nbsp;&nbsp; 3522118 |
| &nbsp;&nbsp;&nbsp; Siemens AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 14020 | &nbsp;&nbsp;&nbsp;&nbsp; 3570941 |
| &nbsp;&nbsp;&nbsp; Siemens Energy AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 4378 | &nbsp;&nbsp;&nbsp;&nbsp; 506879 |
| &nbsp;&nbsp;&nbsp; Siemens Healthineers AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 3440 | &nbsp;&nbsp;&nbsp;&nbsp; 185288 |
| &nbsp;&nbsp;&nbsp; Zalando SE \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 14979 | &nbsp;&nbsp;&nbsp;&nbsp; 436759 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 24680638 |
| **Hong Kong — 1.9%** | **Hong Kong — 1.9%** | **Hong Kong — 1.9%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 183200 | &nbsp;&nbsp;&nbsp;&nbsp; 1708188 |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 86500 | &nbsp;&nbsp;&nbsp;&nbsp; 396360 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 17400 | &nbsp;&nbsp;&nbsp;&nbsp; 941667 |
| &nbsp;&nbsp;&nbsp; Link, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 38500 | &nbsp;&nbsp;&nbsp;&nbsp; 214513 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 27460 | &nbsp;&nbsp;&nbsp;&nbsp; 348363 |
| &nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp; 439467 |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 25500 | &nbsp;&nbsp;&nbsp;&nbsp; 304920 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4353478 |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Ireland — 0.4%** | **Ireland — 0.4%** | **Ireland — 0.4%** |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 38202 | &nbsp;&nbsp;&nbsp;&nbsp; 301363 |
| &nbsp;&nbsp;&nbsp; Kingspan Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 6696 | &nbsp;&nbsp;&nbsp;&nbsp; 555714 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 857077 |
| **Italy — 2.6%** | **Italy — 2.6%** | **Italy — 2.6%** |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp;&nbsp;&nbsp; 40133 | &nbsp;&nbsp;&nbsp;&nbsp; 353905 |
| &nbsp;&nbsp;&nbsp; Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp; 924 | &nbsp;&nbsp;&nbsp;&nbsp; 405181 |
| &nbsp;&nbsp;&nbsp; FinecoBank Banca Fineco SpA | &nbsp;&nbsp;&nbsp;&nbsp; 20720 | &nbsp;&nbsp;&nbsp;&nbsp; 441212 |
| &nbsp;&nbsp;&nbsp; Prysmian SpA | &nbsp;&nbsp;&nbsp;&nbsp; 21473 | &nbsp;&nbsp;&nbsp;&nbsp; 1714909 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 39472 | &nbsp;&nbsp;&nbsp;&nbsp; 2904107 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5819314 |
| **Japan — 21.7%** | **Japan — 21.7%** | **Japan — 21.7%** |
| &nbsp;&nbsp;&nbsp; Advantest Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 9100 | &nbsp;&nbsp;&nbsp;&nbsp; 605142 |
| &nbsp;&nbsp;&nbsp; Ajinomoto Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 47900 | &nbsp;&nbsp;&nbsp;&nbsp; 1267264 |
| &nbsp;&nbsp;&nbsp; Asahi Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20400 | &nbsp;&nbsp;&nbsp;&nbsp; 258796 |
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp;&nbsp;&nbsp; 431381 |
| &nbsp;&nbsp;&nbsp; Bridgestone Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 768554 |
| &nbsp;&nbsp;&nbsp; Daiichi Sankyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 60800 | &nbsp;&nbsp;&nbsp;&nbsp; 1491541 |
| &nbsp;&nbsp;&nbsp; Daikin Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7100 | &nbsp;&nbsp;&nbsp;&nbsp; 872986 |
| &nbsp;&nbsp;&nbsp; Denso Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 57600 | &nbsp;&nbsp;&nbsp;&nbsp; 781484 |
| &nbsp;&nbsp;&nbsp; Disco Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp;&nbsp;&nbsp; 561501 |
| &nbsp;&nbsp;&nbsp; East Japan Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp; 33100 | &nbsp;&nbsp;&nbsp;&nbsp; 709471 |
| &nbsp;&nbsp;&nbsp; Fast Retailing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp;&nbsp; 183018 |
| &nbsp;&nbsp;&nbsp; Fuji Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 894928 |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 87200 | &nbsp;&nbsp;&nbsp;&nbsp; 2668377 |
| &nbsp;&nbsp;&nbsp; Honda Motor Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 56500 | &nbsp;&nbsp;&nbsp;&nbsp; 584939 |
| &nbsp;&nbsp;&nbsp; Hoya Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10600 | &nbsp;&nbsp;&nbsp;&nbsp; 1337326 |
| &nbsp;&nbsp;&nbsp; IHI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3400 | &nbsp;&nbsp;&nbsp;&nbsp; 378613 |
| &nbsp;&nbsp;&nbsp; ITOCHU Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 32500 | &nbsp;&nbsp;&nbsp;&nbsp; 1704710 |
| &nbsp;&nbsp;&nbsp; Japan Post Bank Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 34600 | &nbsp;&nbsp;&nbsp;&nbsp; 386181 |
| &nbsp;&nbsp;&nbsp; Kajima Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 21100 | &nbsp;&nbsp;&nbsp;&nbsp; 528569 |
| &nbsp;&nbsp;&nbsp; Kao Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14400 | &nbsp;&nbsp;&nbsp;&nbsp; 647949 |
| &nbsp;&nbsp;&nbsp; Keyence Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3600 | &nbsp;&nbsp;&nbsp;&nbsp; 1302233 |
| &nbsp;&nbsp;&nbsp; Kobe Bussan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp; 426069 |
| &nbsp;&nbsp;&nbsp; Konami Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 203638 |
| &nbsp;&nbsp;&nbsp; Kyowa Kirin Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 26300 | &nbsp;&nbsp;&nbsp;&nbsp; 448931 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22100 | &nbsp;&nbsp;&nbsp;&nbsp; 435887 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Electric Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33300 | &nbsp;&nbsp;&nbsp;&nbsp; 748992 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 1033708 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 54400 | &nbsp;&nbsp;&nbsp;&nbsp; 1107401 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 132200 | &nbsp;&nbsp;&nbsp;&nbsp; 1181643 |
| &nbsp;&nbsp;&nbsp; Murata Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 23700 | &nbsp;&nbsp;&nbsp;&nbsp; 352753 |
| &nbsp;&nbsp;&nbsp; Nintendo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4100 | &nbsp;&nbsp;&nbsp;&nbsp; 342674 |
| &nbsp;&nbsp;&nbsp; Nomura Research Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18400 | &nbsp;&nbsp;&nbsp;&nbsp; 728096 |
| &nbsp;&nbsp;&nbsp; NTT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1079200 | &nbsp;&nbsp;&nbsp;&nbsp; 1089843 |
| &nbsp;&nbsp;&nbsp; Obic Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15900 | &nbsp;&nbsp;&nbsp;&nbsp; 566081 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39300 | &nbsp;&nbsp;&nbsp;&nbsp; 882798 |
| &nbsp;&nbsp;&nbsp; Otsuka Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 189472 |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Pan Pacific International Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27700 | &nbsp;&nbsp;&nbsp;&nbsp; 926739 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 283780 |
| &nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15700 | &nbsp;&nbsp;&nbsp;&nbsp; 931499 |
| &nbsp;&nbsp;&nbsp; Renesas Electronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 49800 | &nbsp;&nbsp;&nbsp;&nbsp; 605721 |
| &nbsp;&nbsp;&nbsp; Resona Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 91200 | &nbsp;&nbsp;&nbsp;&nbsp; 830285 |
| &nbsp;&nbsp;&nbsp; SCSK Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 560068 |
| &nbsp;&nbsp;&nbsp; Seven & i Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 26400 | &nbsp;&nbsp;&nbsp;&nbsp; 348036 |
| &nbsp;&nbsp;&nbsp; Shin-Etsu Chemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 43700 | &nbsp;&nbsp;&nbsp;&nbsp; 1257551 |
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 27900 | &nbsp;&nbsp;&nbsp;&nbsp; 466609 |
| &nbsp;&nbsp;&nbsp; SoftBank Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 419974 |
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 101600 | &nbsp;&nbsp;&nbsp;&nbsp; 2443817 |
| &nbsp;&nbsp;&nbsp; Sumitomo Metal Mining Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21600 | &nbsp;&nbsp;&nbsp;&nbsp; 475098 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp; 2144262 |
| &nbsp;&nbsp;&nbsp; Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 107500 | &nbsp;&nbsp;&nbsp;&nbsp; 1181164 |
| &nbsp;&nbsp;&nbsp; T&D Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46200 | &nbsp;&nbsp;&nbsp;&nbsp; 1128146 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 33400 | &nbsp;&nbsp;&nbsp;&nbsp; 917491 |
| &nbsp;&nbsp;&nbsp; Terumo Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 56500 | &nbsp;&nbsp;&nbsp;&nbsp; 958086 |
| &nbsp;&nbsp;&nbsp; Tokio Marine Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 47900 | &nbsp;&nbsp;&nbsp;&nbsp; 1923325 |
| &nbsp;&nbsp;&nbsp; Tokyo Electron Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8900 | &nbsp;&nbsp;&nbsp;&nbsp; 1414912 |
| &nbsp;&nbsp;&nbsp; Toyota Industries Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 288718 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 107700 | &nbsp;&nbsp;&nbsp;&nbsp; 1915725 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 49523955 |
| **Macau — 0.1%** | **Macau — 0.1%** | **Macau — 0.1%** |
| &nbsp;&nbsp;&nbsp; Sands China Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 89600 | &nbsp;&nbsp;&nbsp;&nbsp; 216901 |
| **Netherlands — 4.0%** | **Netherlands — 4.0%** | **Netherlands — 4.0%** |
| &nbsp;&nbsp;&nbsp; Adyen NV \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 389 | &nbsp;&nbsp;&nbsp;&nbsp; 667194 |
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 6398 | &nbsp;&nbsp;&nbsp;&nbsp; 4434285 |
| &nbsp;&nbsp;&nbsp; Heineken NV | &nbsp;&nbsp;&nbsp;&nbsp; 12220 | &nbsp;&nbsp;&nbsp;&nbsp; 959169 |
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp;&nbsp;&nbsp; 14288 | &nbsp;&nbsp;&nbsp;&nbsp; 564326 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | &nbsp;&nbsp;&nbsp;&nbsp; 292218 | &nbsp;&nbsp;&nbsp;&nbsp; 1305485 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 13107 | &nbsp;&nbsp;&nbsp;&nbsp; 882569 |
| &nbsp;&nbsp;&nbsp; Wolters Kluwer NV | &nbsp;&nbsp;&nbsp;&nbsp; 2522 | &nbsp;&nbsp;&nbsp;&nbsp; 392824 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9205852 |
| **New Zealand — 0.1%** | **New Zealand — 0.1%** | **New Zealand — 0.1%** |
| &nbsp;&nbsp;&nbsp; Xero Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1748 | &nbsp;&nbsp;&nbsp;&nbsp; 201301 |
| **Norway — 0.2%** | **Norway — 0.2%** | **Norway — 0.2%** |
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 14020 | &nbsp;&nbsp;&nbsp;&nbsp; 360140 |
| **Singapore — 1.6%** | **Singapore — 1.6%** | **Singapore — 1.6%** |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 47520 | &nbsp;&nbsp;&nbsp;&nbsp; 1744197 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 24700 | &nbsp;&nbsp;&nbsp;&nbsp; 320091 |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 6668 | &nbsp;&nbsp;&nbsp;&nbsp; 1044542 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18900 | &nbsp;&nbsp;&nbsp;&nbsp; 525094 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3633924 |
| **Spain — 2.9%** | **Spain — 2.9%** | **Spain — 2.9%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 52681 | &nbsp;&nbsp;&nbsp;&nbsp; 878628 |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Spain — continued** | **Spain — continued** | **Spain — continued** |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 365863 | &nbsp;&nbsp;&nbsp;&nbsp; 3143053 |
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp;&nbsp;&nbsp; 99568 | &nbsp;&nbsp;&nbsp;&nbsp; 1750041 |
| &nbsp;&nbsp;&nbsp; Industria de Diseno Textil SA | &nbsp;&nbsp;&nbsp;&nbsp; 15795 | &nbsp;&nbsp;&nbsp;&nbsp; 754481 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6526203 |
| **Sweden — 1.9%** | **Sweden — 1.9%** | **Sweden — 1.9%** |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 148427 | &nbsp;&nbsp;&nbsp;&nbsp; 2260304 |
| &nbsp;&nbsp;&nbsp; Volvo AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 73462 | &nbsp;&nbsp;&nbsp;&nbsp; 2109814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4370118 |
| **Switzerland — 3.6%** | **Switzerland — 3.6%** | **Switzerland — 3.6%** |
| &nbsp;&nbsp;&nbsp; ABB Ltd. (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 4181 | &nbsp;&nbsp;&nbsp;&nbsp; 273011 |
| &nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 11371 | &nbsp;&nbsp;&nbsp;&nbsp; 1856615 |
| &nbsp;&nbsp;&nbsp; Givaudan SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 284264 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 2842 | &nbsp;&nbsp;&nbsp;&nbsp; 1980786 |
| &nbsp;&nbsp;&nbsp; Sandoz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 15784 | &nbsp;&nbsp;&nbsp;&nbsp; 902670 |
| &nbsp;&nbsp;&nbsp; SGS SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 3537 | &nbsp;&nbsp;&nbsp;&nbsp; 359407 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 35775 | &nbsp;&nbsp;&nbsp;&nbsp; 1329543 |
| &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 1854 | &nbsp;&nbsp;&nbsp;&nbsp; 1264626 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8250922 |
| **United Kingdom — 13.9%** | **United Kingdom — 13.9%** | **United Kingdom — 13.9%** |
| &nbsp;&nbsp;&nbsp; 3i Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 39643 | &nbsp;&nbsp;&nbsp;&nbsp; 2166179 |
| &nbsp;&nbsp;&nbsp; AstraZeneca plc | &nbsp;&nbsp;&nbsp;&nbsp; 29603 | &nbsp;&nbsp;&nbsp;&nbsp; 4318831 |
| &nbsp;&nbsp;&nbsp; BAE Systems plc | &nbsp;&nbsp;&nbsp;&nbsp; 37006 | &nbsp;&nbsp;&nbsp;&nbsp; 882987 |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp;&nbsp;&nbsp; 560518 | &nbsp;&nbsp;&nbsp;&nbsp; 2739824 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp;&nbsp;&nbsp; 21911 | &nbsp;&nbsp;&nbsp;&nbsp; 1173933 |
| &nbsp;&nbsp;&nbsp; Compass Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 25777 | &nbsp;&nbsp;&nbsp;&nbsp; 905790 |
| &nbsp;&nbsp;&nbsp; DCC plc | &nbsp;&nbsp;&nbsp;&nbsp; 2176 | &nbsp;&nbsp;&nbsp;&nbsp; 136285 |
| &nbsp;&nbsp;&nbsp; Diageo plc | &nbsp;&nbsp;&nbsp;&nbsp; 19902 | &nbsp;&nbsp;&nbsp;&nbsp; 482376 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 206516 | &nbsp;&nbsp;&nbsp;&nbsp; 2515979 |
| &nbsp;&nbsp;&nbsp; InterContinental Hotels Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 9350 | &nbsp;&nbsp;&nbsp;&nbsp; 1075626 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 460307 | &nbsp;&nbsp;&nbsp;&nbsp; 472021 |
| &nbsp;&nbsp;&nbsp; London Stock Exchange Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 9273 | &nbsp;&nbsp;&nbsp;&nbsp; 1130333 |
| &nbsp;&nbsp;&nbsp; National Grid plc | &nbsp;&nbsp;&nbsp;&nbsp; 122914 | &nbsp;&nbsp;&nbsp;&nbsp; 1727198 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 178477 | &nbsp;&nbsp;&nbsp;&nbsp; 1238913 |
| &nbsp;&nbsp;&nbsp; Next plc | &nbsp;&nbsp;&nbsp;&nbsp; 3124 | &nbsp;&nbsp;&nbsp;&nbsp; 507091 |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 9694 | &nbsp;&nbsp;&nbsp;&nbsp; 726524 |
| &nbsp;&nbsp;&nbsp; RELX plc | &nbsp;&nbsp;&nbsp;&nbsp; 56195 | &nbsp;&nbsp;&nbsp;&nbsp; 2919953 |
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 54433 | &nbsp;&nbsp;&nbsp;&nbsp; 772567 |
| &nbsp;&nbsp;&nbsp; Sage Group plc (The) | &nbsp;&nbsp;&nbsp;&nbsp; 52375 | &nbsp;&nbsp;&nbsp;&nbsp; 840967 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 66845 | &nbsp;&nbsp;&nbsp;&nbsp; 1638521 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp;&nbsp; 17994 | &nbsp;&nbsp;&nbsp;&nbsp; 322578 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp;&nbsp;&nbsp; 304777 | &nbsp;&nbsp;&nbsp;&nbsp; 1712366 |
| &nbsp;&nbsp;&nbsp; Unilever plc | &nbsp;&nbsp;&nbsp;&nbsp; 22981 | &nbsp;&nbsp;&nbsp;&nbsp; 1343346 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31750188 |
| **United States — 9.7%** | **United States — 9.7%** | **United States — 9.7%** |
| &nbsp;&nbsp;&nbsp; BP plc | &nbsp;&nbsp;&nbsp;&nbsp; 193684 | &nbsp;&nbsp;&nbsp;&nbsp; 1038201 |
| &nbsp;&nbsp;&nbsp; CSL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5339 | &nbsp;&nbsp;&nbsp;&nbsp; 923563 |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Ferrovial SE | &nbsp;&nbsp;&nbsp;&nbsp; 22272 | &nbsp;&nbsp;&nbsp;&nbsp; 1141729 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 39729 | &nbsp;&nbsp;&nbsp;&nbsp; 730775 |
| &nbsp;&nbsp;&nbsp; Haleon plc | &nbsp;&nbsp;&nbsp;&nbsp; 45603 | &nbsp;&nbsp;&nbsp;&nbsp; 213909 |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 45539 | &nbsp;&nbsp;&nbsp;&nbsp; 3979065 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 22435 | &nbsp;&nbsp;&nbsp;&nbsp; 2555057 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 8282 | &nbsp;&nbsp;&nbsp;&nbsp; 2584589 |
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp; 22174 | &nbsp;&nbsp;&nbsp;&nbsp; 1990577 |
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | &nbsp;&nbsp;&nbsp;&nbsp; 6634 | &nbsp;&nbsp;&nbsp;&nbsp; 1716835 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 122951 | &nbsp;&nbsp;&nbsp;&nbsp; 4418014 |
| &nbsp;&nbsp;&nbsp; Spotify Technology SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 1101 | &nbsp;&nbsp;&nbsp;&nbsp; 689820 |
| &nbsp;&nbsp;&nbsp; Stellantis NV | &nbsp;&nbsp;&nbsp;&nbsp; 24140 | &nbsp;&nbsp;&nbsp;&nbsp; 213038 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22195172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $165,560,027)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 224780094 |
|  | &nbsp;&nbsp;&nbsp; **NO. OF** <br> **CONTRACTS**<br>|  |
| **Options Purchased — 0.9%** | **Options Purchased — 0.9%** | **Options Purchased — 0.9%** |
| **Put Options Purchased — 0.9%** | **Put Options Purchased — 0.9%** | **Put Options Purchased — 0.9%** |
| **United States — 0.9%** | **United States — 0.9%** | **United States — 0.9%** |
| &nbsp;&nbsp;&nbsp; iShares MSCI EAFE ETF |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/31/2025 at USD 83.00, American Style |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional Amount: USD 75,267,200 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterparty: Exchange-Traded \* | &nbsp;&nbsp;&nbsp;&nbsp; 8600 | &nbsp;&nbsp;&nbsp;&nbsp; 851400 |
| &nbsp;&nbsp;&nbsp; iShares MSCI EAFE ETF |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8/29/2025 at USD 85.00, American Style |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional Amount: USD 75,521,008 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterparty: Exchange-Traded \* | &nbsp;&nbsp;&nbsp;&nbsp; 8629 | &nbsp;&nbsp;&nbsp;&nbsp; 440079 |
| &nbsp;&nbsp;&nbsp; iShares MSCI EAFE ETF |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/30/2025 at USD 84.00, American Style |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional Amount: USD 75,521,008 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterparty: Exchange-Traded \* | &nbsp;&nbsp;&nbsp;&nbsp; 8629 | &nbsp;&nbsp;&nbsp;&nbsp; 707578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Options Purchased <br>(Cost $2,427,448)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1999057 |
|  | **SHARES** |  |
| **Short-Term Investments — 0.7%** | **Short-Term Investments — 0.7%** | **Short-Term Investments — 0.7%** |
| **Investment Companies — 0.7%** | **Investment Companies — 0.7%** | **Investment Companies — 0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 4.37% (b) (c) <br>(Cost $1,487,681)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1487383 | &nbsp;&nbsp;&nbsp;&nbsp; 1487532 |
| **Total Investments — 100.2%** <br>**(Cost $169,475,156)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **228266683** |
| **Liabilities in Excess of Other Assets — (0.2)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(404546)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **227862137** |

---

&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;

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| EAFE | Europe, Australasia and Far East |
| ETF | Exchange Traded Fund |
| MSCI | Morgan Stanley Capital International |
| OYJ | Public Limited Company |
| REIT | Real Estate Investment Trust |
| SCA | Limited partnership with share capital |
| USD | United States Dollar |

---

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

\* Non-income producing security. 

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

(b) 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. 

(c) The rate shown is the current yield as of July 31, 2025.

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 14.9<br> %<br>|
| Pharmaceuticals | 8.5 |
| Insurance | 6.9 |
| Semiconductors & Semiconductor Equipment | 4.1 |
| Electrical Equipment | 3.6 |
| Oil, Gas & Consumable Fuels | 3.4 |
| Aerospace & Defense | 3.3 |
| Capital Markets | 3.0 |
| Industrial Conglomerates | 2.8 |
| Diversified Telecommunication Services | 2.8 |
| Chemicals | 2.5 |
| Machinery | 2.5 |
| Food Products | 2.3 |
| Multi-Utilities | 2.3 |
| Metals & Mining | 2.2 |
| Textiles, Apparel & Luxury Goods | 2.0 |
| Professional Services | 2.0 |
| Automobiles | 2.0 |
| Software | 2.0 |
| Beverages | 1.8 |
| Electric Utilities | 1.6 |
| Consumer Staples Distribution & Retail | 1.6 |
| IT Services | 1.5 |
| Construction & Engineering | 1.5 |
| Trading Companies & Distributors | 1.4 |
| Broadline Retail | 1.3 |
| Health Care Equipment & Supplies | 1.3 |
| Household Durables | 1.2 |
| Automobile Components | 1.1 |
| Hotels, Restaurants & Leisure | 1.1 |
| Personal Care Products | 1.1 |
| Entertainment | 1.0 |
| Others (each less than 1.0%) | 8.7 |
| Short-Term Investments | 0.7 |

---

**Written Call Options Contracts as of July 31, 2025 (amounts in thousands, except number of contracts):**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **COUNTERPARTY** | &nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT**<br>| &nbsp;&nbsp;&nbsp; **EXERCISE** <br>**PRICE**<br>| &nbsp;&nbsp; **EXPIRATION** <br>**DATE**<br>| **VALUE ($)** |
| iShares MSCI EAFE ETF | Exchange-Traded | 8629 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,521,008<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 93.00<br>| 8/29/2025 | &nbsp;&nbsp; (34516)<br>|
| iShares MSCI EAFE ETF | Exchange-Traded | 8629 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,521,008<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 94.00<br>| 9/30/2025 | &nbsp;&nbsp; (422821)<br>|
| iShares MSCI EAFE ETF | Exchange-Traded | 8600 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,267,200<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 93.00<br>| 10/31/2025 | &nbsp;&nbsp; (563300)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; (1020637)<br>|

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

**Written Put Options Contracts as of July 31, 2025 (amounts in thousands, except number of contracts):**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **COUNTERPARTY** | &nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT**<br>| &nbsp;&nbsp;&nbsp; **EXERCISE** <br>**PRICE**<br>| &nbsp;&nbsp; **EXPIRATION** <br>**DATE**<br>| **VALUE ($)** |
| iShares MSCI EAFE ETF | Exchange-Traded | 8629 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,521,008<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 72.00<br>| 8/29/2025 | &nbsp;&nbsp; (25887)<br>|
| iShares MSCI EAFE ETF | Exchange-Traded | 8629 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,521,008<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 71.00<br>| 9/30/2025 | &nbsp;&nbsp; (26)<br>|
| iShares MSCI EAFE ETF | Exchange-Traded | 8600 | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 75,267,200<br>| &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 70.00<br>| 10/31/2025 | &nbsp;&nbsp; (163400)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; (189313)<br>|
| Total Written Options Contracts (Premiums Received $2,101,098) | Total Written Options Contracts (Premiums Received $2,101,098) | Total Written Options Contracts (Premiums Received $2,101,098) | Total Written Options Contracts (Premiums Received $2,101,098) | Total Written Options Contracts (Premiums Received $2,101,098) | Total Written Options Contracts (Premiums Received $2,101,098) | &nbsp;&nbsp; (1209950)<br>|

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| EAFE | Europe, Australasia and Far East |
| ETF | Exchange Traded Fund |
| MSCI | Morgan Stanley Capital International |
| USD | United States Dollar |

---

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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

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

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

Options are generally valued on the basis of available market quotations.

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

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

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

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

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

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

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $16676914 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $16676914 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1502749 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1502749 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1033463 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1033463 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5258914 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5258914 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1653728 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1653728 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26709143 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26709143 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24680638 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24680638 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4353478 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4353478 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 857077 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 857077 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5819314 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5819314 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 49523955 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 49523955 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 216901 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 216901 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9205852 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9205852 |
| &nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 201301 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 201301 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 360140 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 360140 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; 1044542 | &nbsp;&nbsp;&nbsp;&nbsp; 2589382 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3633924 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6526203 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6526203 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4370118 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4370118 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8250922 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8250922 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 31750188 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 31750188 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 689820 | &nbsp;&nbsp;&nbsp;&nbsp; 21505352 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22195172 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 1734362 | &nbsp;&nbsp;&nbsp;&nbsp; 223045732 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 224780094 |
| Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp; 1999057 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1999057 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 1487532 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1487532 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 1487532 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1487532 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $5220951 | &nbsp;&nbsp;&nbsp;&nbsp; $223045732 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $228266683 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Options Written |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Call Options Written | &nbsp;&nbsp;&nbsp;&nbsp; $(1020637)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(1020637)<br>|
| &nbsp;&nbsp;&nbsp; Put Options Written | &nbsp;&nbsp;&nbsp;&nbsp; (189287)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (189313)<br>|
| **Total Depreciation in Other Financial Instruments** | &nbsp;&nbsp;&nbsp;&nbsp; $(1209924)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1209950)<br>|

---

**B. Investment Transactions with Affiliates**— The Fund invested in an Underlying Fund 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 affiliated issuer.

------

**JPMorgan International Hedged Equity Laddered Overlay ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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 July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**July 14,** <br>**2025(a)**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM <br> Shares, 4.37% (b) (c)<br>| $— | $2487826 | $1000145 | $— | $(149)<br>| $1487532 | 1487383 | $2603 | $— |

---

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

(a) Commencement of operations was July 14, 2025.

(b) 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. 

(c) The rate shown is the current yield as of July 31, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan International Hedged Equity Laddered Overlay ETF

- **b. EDGAR series identifier (if any):** S000090419

- **c. LEI of Series:** 529900J26AILMVYGJQ47

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $228492037.39

**Total Liabilities:** $617001.22

**Net Assets:** $227875036.17

**Cash Not Reported:** $176909.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257466 | 2.03%                | 1.16%                | -2.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $264292.19               | $7778476.50                                |
| Month 2  | $20900.39                | $5294379.64                                |
| Month 3  | $646100.54               | $-6410447.99                               |

**Designated Index Information**

- **Index Name:** EAFE

- **Index Identifier:** EAFERNRUSD0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orange SA                                     | Orange SA                                                  | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     73098 | NS      | $1111899.63   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-34516.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co. Ltd.                             | Mitsui & Co. Ltd.                                          | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     54400 | NS      | $1107401.40   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis Novozymes B                         | Novonesis Novozymes B                                      | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |     13993 | NS      | $905313.12    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                          | SoftBank Group Corp.                                       | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |      5500 | NS      | $419974.26    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| T&D Holdings, Inc.                            | T&D Holdings, Inc.                                         | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               | CORP              | JP        |     46200 | NS      | $1128145.69   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG | Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      3741 | NS      | $2449124.35   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                       | Siemens Healthineers AG                                    | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |      3440 | NS      | $185287.53    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rio Tinto Ltd.                                | Rio Tinto Ltd.                                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     23986 | NS      | $1705835.49   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8629 | NC      | $0.86         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                      | Sea Ltd.                                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      6668 | NS      | $1044542.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                               | Advantest Corp.                                            | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      9100 | NS      | $605142.19    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co., Inc.                           | Ajinomoto Co., Inc.                                        | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |     47900 | NS      | $1267263.49   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                   | NN Group NV                                                | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     13107 | NS      | $882568.89    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                        | RWE AG                                                     | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      7039 | NS      | $288776.65    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                    | Zalando SE                                                 | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |     14979 | NS      | $436758.98    | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sony Group Corp.                              | Sony Group Corp.                                           | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    101600 | NS      | $2443817.00   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd.                                      | CSL Ltd.                                                   | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |      5339 | NS      | $923562.89    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                | Atlas Copco AB, Class A                                    | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    148427 | NS      | $2260303.79   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                     | Link                                                       | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |     38500 | NS      | $214512.57    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                      | Adyen NV                                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |       389 | NS      | $667194.16    | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Goodman Group                                 | Goodman Group                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     25266 | NS      | $564909.12    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                | Commonwealth Bank of Australia                             | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |     15750 | NS      | $1788090.70   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                  | Prysmian SpA                                               | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |     21473 | NS      | $1714909.28   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp.                             | Asahi Kasei Corp.                                          | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |     62000 | NS      | $431381.08    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                     | Sanofi SA                                                  | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     22174 | NS      | $1990576.64   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.            | Oversea-Chinese Banking Corp. Ltd.                         | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     24700 | NS      | $320091.41    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Next plc                                      | Next plc                                                   | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      3124 | NS      | $507090.87    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co. Ltd.                      | Japan Post Bank Co. Ltd.                                   | CUSIP: N/A<br>LEI: 5493006JVO6N2HC2XZ76       | Long             | EC               | CORP              | JP        |     34600 | NS      | $386180.85    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                       | GSK plc                                                    | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     39729 | NS      | $730775.17    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd.                                 | Brambles Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     32350 | NS      | $494937.23    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                  | British American Tobacco plc                               | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     21911 | NS      | $1173933.43   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co. Ltd.                     | Recruit Holdings Co. Ltd.                                  | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     15700 | NS      | $931499.30    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                     | adidas AG                                                  | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      2659 | NS      | $508212.14    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                            | Deutsche Boerse AG                                         | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1151 | NS      | $333084.92    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group plc                             | Compass Group plc                                          | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     25777 | NS      | $905790.24    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                        | Mercedes-Benz Group AG                                     | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      5274 | NS      | $298615.36    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                           | EssilorLuxottica SA                                        | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      1673 | NS      | $497474.16    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                         | Spotify Technology SA                                      | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      1101 | NS      | $689820.54    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays plc                                  | Barclays plc                                               | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    560518 | NS      | $2739823.63   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                      | Lloyds Banking Group plc                                   | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |    460307 | NS      | $472021.06    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                | BNP Paribas SA                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     22614 | NS      | $2061905.63   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8629 | NC      | $707578.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                 | Industria de Diseno Textil SA                              | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     15795 | NS      | $754480.95    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                              | Deutsche Post AG                                           | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     28974 | NS      | $1298201.56   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                  | Sun Hung Kai Properties Ltd.                               | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |     37000 | NS      | $439466.54    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                          | Honda Motor Co. Ltd.                                       | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     56500 | NS      | $584939.13    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                  | UBS Group AG (Registered)                                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     35775 | NS      | $1329542.91   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                      | Vinci SA                                                   | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     12182 | NS      | $1692188.03   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE           | LVMH Moet Hennessy Louis Vuitton SE                        | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      3615 | NS      | $1940575.62   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                      | Panasonic Holdings Corp.                                   | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |     30000 | NS      | $283779.61    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                      | RELX plc                                                   | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     56195 | NS      | $2919953.37   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                | Prudential plc                                             | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |     27460 | NS      | $348362.68    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                  | Glencore plc                                               | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |     29133 | NS      | $116920.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                        | CK Asset Holdings Ltd.                                     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |     86500 | NS      | $396360.48    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                            | Koninklijke KPN NV                                         | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    292218 | NS      | $1305484.86   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                      | Bayer AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     21518 | NS      | $669247.62    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                      | QBE Insurance Group Ltd.                                   | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     67951 | NS      | $1008000.18   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                     | Airbus SE                                                  | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      7113 | NS      | $1430105.31   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co. Ltd.                       | Daiichi Sankyo Co. Ltd.                                    | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |     60800 | NS      | $1491541.33   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                        | AXA SA                                                     | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      6560 | NS      | $318613.99    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                         | Schneider Electric SE                                      | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      6634 | NS      | $1716835.55   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd.                           | Tokyo Electron Ltd.                                        | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      8900 | NS      | $1414911.72   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                            | Telstra Group Ltd.                                         | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    154773 | NS      | $493274.10    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                                | Rheinmetall AG                                             | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       548 | NS      | $1084765.09   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                      | Hermes International SCA                                   | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       139 | NS      | $339923.10    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings, Inc.                         | Resona Holdings, Inc.                                      | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |     91200 | NS      | $830285.36    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                  | Hitachi Ltd.                                               | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     87200 | NS      | $2668376.93   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                            | Banco Santander SA                                         | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    365863 | NS      | $3143052.81   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                      | Enel SpA                                                   | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     40133 | NS      | $353904.56    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                         | Westpac Banking Corp.                                      | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |     19535 | NS      | $421763.37    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                              | Novo Nordisk A/S, Class B                                  | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     45857 | NS      | $2132717.57   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                | Air Liquide SA                                             | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     14160 | NS      | $2785789.87   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd.                       | Aristocrat Leisure Ltd.                                    | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      7124 | NS      | $318990.70    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                             | Wolters Kluwer NV                                          | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      2522 | NS      | $392824.21    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co. Ltd.                           | Shionogi & Co. Ltd.                                        | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     27900 | NS      | $466608.51    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-0.86        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesco plc                                     | Tesco plc                                                  | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    304777 | NS      | $1712365.64   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                  | Iberdrola SA                                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     99568 | NS      | $1750041.04   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                   | Cie Financiere Richemont SA (Registered)                   | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     11371 | NS      | $1856615.13   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-25887.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group plc                                  | 3i Group plc                                               | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     39643 | NS      | $2166179.52   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co. Ltd.                       | Fast Retailing Co. Ltd.                                    | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |       600 | NS      | $183017.84    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                        | BP plc                                                     | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    193684 | NS      | $1038201.12   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                    | Legrand SA                                                 | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |     16690 | NS      | $2465227.43   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SCSK Corp.                                    | SCSK Corp.                                                 | CUSIP: N/A<br>LEI: 529900SNGFXMSUBB7864       | Long             | EC               | CORP              | JP        |     18000 | NS      | $560068.44    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesfarmers Ltd.                               | Wesfarmers Ltd.                                            | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |     10490 | NS      | $573798.27    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kajima Corp.                                  | Kajima Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     21100 | NS      | $528568.92    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp.                                    | Hoya Corp.                                                 | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     10600 | NS      | $1337325.64   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyowa Kirin Co. Ltd.                          | Kyowa Kirin Co. Ltd.                                       | CUSIP: N/A<br>LEI: 529900TBXKVTQGYA3582       | Long             | EC               | CORP              | JP        |     26300 | NS      | $448931.03    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                           | Societe Generale SA                                        | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     35107 | NS      | $2240829.75   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                      | ABB Ltd. (Registered)                                      | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |      4181 | NS      | $273011.43    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group plc               | London Stock Exchange Group plc                            | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      9273 | NS      | $1130333.21   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                               | BAE Systems plc                                            | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     37006 | NS      | $882986.91    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                               | Danske Bank A/S                                            | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     31461 | NS      | $1248104.33   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobe Bussan Co. Ltd.                          | Kobe Bussan Co. Ltd.                                       | CUSIP: N/A<br>LEI: 353800CJIFNHN2DXRD59       | Long             | EC               | CORP              | JP        |     16000 | NS      | $426069.28    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.                  | Northern Star Resources Ltd.                               | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |     13901 | NS      | $138111.03    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                     | Kao Corp.                                                  | CUSIP: N/A<br>LEI: 353800HM38HFCB8RGL63       | Long             | EC               | CORP              | JP        |     14400 | NS      | $647949.30    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                 | Koninklijke Ahold Delhaize NV                              | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     14288 | NS      | $564325.33    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| East Japan Railway Co.                        | East Japan Railway Co.                                     | CUSIP: N/A<br>LEI: 353800SENYJ2DSM6PS44       | Long             | EC               | CORP              | JP        |     33100 | NS      | $709471.44    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-422821.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Nokia OYJ                                     | Nokia OYJ                                                  | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |     40909 | NS      | $166718.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8629 | NC      | $440079.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                               | ASML Holding NV                                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6398 | NS      | $4434285.24   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group plc (The)                          | Sage Group plc (The)                                       | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     52375 | NS      | $840967.05    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                       | DBS Group Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     47520 | NS      | $1744197.27   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                   | Reckitt Benckiser Group plc                                | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |      9694 | NS      | $726524.51    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                  | ITOCHU Corp.                                               | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     32500 | NS      | $1704710.06   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group plc                            | Kingspan Group plc                                         | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |      6696 | NS      | $555714.21    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Insurance Australia Group Ltd.                | Insurance Australia Group Ltd.                             | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |    104635 | NS      | $587360.40    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                    | Woodside Energy Group Ltd.                                 | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     18192 | NS      | $307852.14    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                | BHP Group Ltd.                                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     75700 | NS      | $1911821.46   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp.                                  | Otsuka Corp.                                               | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     10000 | NS      | $189471.74    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.         | Sumitomo Mitsui Financial Group, Inc.                      | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     85000 | NS      | $2144261.96   | 0.94%             |  |  |  | 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        |     17400 | NS      | $941667.33    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co. Ltd.                             | Nintendo Co. Ltd.                                          | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      4100 | NS      | $342673.69    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                        | SAP SE                                                     | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     12317 | NS      | $3522117.56   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo plc                                    | Diageo plc                                                 | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     19902 | NS      | $482375.94    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                  | Unilever plc                                               | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     22981 | NS      | $1343345.82   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.          | Mitsubishi UFJ Financial Group, Inc.                       | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |     75000 | NS      | $1033707.65   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                 | Stellantis NV                                              | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |     24140 | NS      | $213038.10    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co. Ltd.                   | Seven & i Holdings Co. Ltd.                                | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               | CORP              | JP        |     26400 | NS      | $348036.33    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                      | Daimler Truck Holding AG                                   | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |      5485 | NS      | $266819.48    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                              | Mitsubishi Corp.                                           | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |     22100 | NS      | $435887.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                    | Haleon plc                                                 | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |     45603 | NS      | $213908.77    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                  | Ferrovial SE                                               | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |     22272 | NS      | $1141728.84   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                          | Macquarie Group Ltd.                                       | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |      6129 | NS      | $848777.25    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                             | National Grid plc                                          | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    122914 | NS      | $1727197.90   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                              | Roche Holding AG                                           | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      8282 | NS      | $2584588.82   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                    | Allianz SE (Registered)                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      8321 | NS      | $3288276.57   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp.                                   | Denso Corp.                                                | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |     57600 | NS      | $781483.78    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                        | SGS SA (Registered)                                        | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      3537 | NS      | $359406.61    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                       | ANZ Group Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     43035 | NS      | $844497.32    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                       | E.ON SE                                                    | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     74453 | NS      | $1358264.78   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                     | Shell plc                                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    122951 | NS      | $4418013.76   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                 | AIB Group plc                                              | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |     38202 | NS      | $301362.44    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd.                | Nomura Research Institute Ltd.                             | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |     18400 | NS      | $728096.29    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA            | Banco Bilbao Vizcaya Argentaria SA                         | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     52681 | NS      | $878627.83    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp.      | Pan Pacific International Holdings Corp.                   | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |     27700 | NS      | $926738.60    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC plc                                       | DCC plc                                                    | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |      2176 | NS      | $136285.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                   | Tokio Marine Holdings, Inc.                                | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     47900 | NS      | $1923325.05   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                       | BASF SE                                                    | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |      2095 | NS      | $102674.72    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                            | Toyota Motor Corp.                                         | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    107700 | NS      | $1915725.48   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Electric Co. Ltd.                        | Fuji Electric Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |     18000 | NS      | $894928.03    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp.                                  | Terumo Corp.                                               | CUSIP: N/A<br>LEI: 353800JX1R4582QVK932       | Long             | EC               | CORP              | JP        |     56500 | NS      | $958085.62    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                      | Infineon Technologies AG                                   | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     42322 | NS      | $1662542.02   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                | Takeda Pharmaceutical Co. Ltd.                             | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     33400 | NS      | $917491.01    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-0.86        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                     | Zurich Insurance Group AG                                  | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1854 | NS      | $1264625.77   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co. Ltd.                       | Mitsui Fudosan Co. Ltd.                                    | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |    132200 | NS      | $1181643.30   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                 | UniCredit SpA                                              | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     39472 | NS      | $2904106.81   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                        | Standard Chartered plc                                     | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     17994 | NS      | $322578.02    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                    | Siemens AG (Registered)                                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     14020 | NS      | $3570941.26   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA  | Cie Generale des Etablissements Michelin SCA               | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |     27248 | NS      | $969388.69    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                               | AstraZeneca plc                                            | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     29603 | NS      | $4318831.11   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd.                              | Sands China Ltd.                                           | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |     89600 | NS      | $216900.89    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                               | Sandoz Group AG                                            | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |     15784 | NS      | $902670.08    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                    | ORIX Corp.                                                 | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     39300 | NS      | $882797.66    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp.                     | Renesas Electronics Corp.                                  | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |     49800 | NS      | $605720.54    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                 | Rio Tinto plc                                              | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     11497 | NS      | $684754.89    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                     | Safran SA                                                  | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      9454 | NS      | $3117470.05   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund              | JPMorgan Prime Money Market Fund, Class IM                 | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |   1487383 | NS      | $1487531.76   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                   | Equinor ASA                                                | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     14020 | NS      | $360139.90    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd.                                   | Santos Ltd.                                                | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |    158106 | NS      | $795571.97    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                | Techtronic Industries Co. Ltd.                             | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |     25500 | NS      | $304920.16    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Telegraph & Telephone Corp.            | NTT, Inc.                                                  | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |   1079200 | NS      | $1089842.64   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                      | Volvo AB, Class B                                          | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     73462 | NS      | $2109814.19   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                | AIA Group Ltd.                                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    183200 | NS      | $1708188.34   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                 | Carlsberg A/S, Class B                                     | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |      7803 | NS      | $972778.97    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                              | TotalEnergies SE                                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     15172 | NS      | $902210.63    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                         | Woolworths Group Ltd.                                      | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |     32725 | NS      | $660655.54    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                      | Engie SA                                                   | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     92422 | NS      | $2077483.65   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                                | Lonza Group AG (Registered)                                | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      2842 | NS      | $1980785.96   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                     | Nestle SA (Registered)                                     | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     45539 | NS      | $3979064.91   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                              | Transurban Group                                           | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |     65627 | NS      | $580787.44    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                  | KBC Group NV                                               | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      9026 | NS      | $941448.12    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | iShares MSCI EAFE ETF                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8629 | NC      | $-25.89       | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| IHI Corp.                                     | IHI Corp.                                                  | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |      3400 | NS      | $378613.05    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Obic Co. Ltd.                                 | Obic Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15900 | NS      | $566081.11    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                               | Nordea Bank Abp                                            | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    101845 | NS      | $1487009.47   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd.                        | Daikin Industries Ltd.                                     | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |      7100 | NS      | $872986.47    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                   | Heineken NV                                                | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |     12220 | NS      | $959169.06    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                       | Heidelberg Materials AG                                    | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1117 | NS      | $257686.04    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Medibank Pvt Ltd.                             | Medibank Pvt Ltd.                                          | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |    241523 | NS      | $789395.10    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                  | National Australia Bank Ltd.                               | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     41940 | NS      | $1040810.40   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                   | Givaudan SA (Registered)                                   | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |        68 | NS      | $284263.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                           | Deutsche Telekom AG (Registered)                           | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     64149 | NS      | $2300763.06   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                   | Novartis AG (Registered)                                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     22435 | NS      | $2555056.65   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                     | Prosus NV                                                  | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     18091 | NS      | $1033462.96   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp.                                 | Keyence Corp.                                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      3600 | NS      | $1302233.24   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA                       | Anheuser-Busch InBev SA                                    | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |      9763 | NS      | $561301.09    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                             | Siemens Energy AG                                          | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      4378 | NS      | $506879.48    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd.                     | Asahi Group Holdings Ltd.                                  | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |     20400 | NS      | $258796.03    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp.                                   | Disco Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1900 | NS      | $561500.75    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                   | FinecoBank Banca Fineco SpA                                | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     20720 | NS      | $441212.39    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Konami Group Corp.                            | Konami Group Corp.                                         | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |      1500 | NS      | $203638.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                  | Capgemini SE                                               | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      8961 | NS      | $1334082.11   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp.                            | Suzuki Motor Corp.                                         | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    107500 | NS      | $1181164.18   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                             | HSBC Holdings plc                                          | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    206516 | NS      | $2515978.86   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                   | Shin-Etsu Chemical Co. Ltd.                                | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     43700 | NS      | $1257551.33   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                    | L'Oreal SA                                                 | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      1139 | NS      | $503988.77    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                             | NatWest Group plc                                          | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    178477 | NS      | $1238912.92   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                    | Ferrari NV                                                 | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |       924 | NS      | $405181.12    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp.                             | Bridgestone Corp.                                          | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |     19000 | NS      | $768553.79    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                       | SSE plc                                                    | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |     66845 | NS      | $1638520.97   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group plc             | InterContinental Hotels Group plc                          | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      9350 | NS      | $1075625.84   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                      | Rolls-Royce Holdings plc                                   | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     54433 | NS      | $772566.53    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp.                     | Mitsubishi Electric Corp.                                  | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |     33300 | NS      | $748991.76    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd.                                     | Xero Ltd.                                                  | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |      1748 | NS      | $201300.78    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                           | MTU Aero Engines AG                                        | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       676 | NS      | $291598.52    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co. Ltd.                 | Murata Manufacturing Co. Ltd.                              | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |     23700 | NS      | $352752.82    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co. Ltd.                | Sumitomo Metal Mining Co. Ltd.                             | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |     21600 | NS      | $475098.43    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                              | Pernod Ricard SA                                           | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      8952 | NS      | $919986.62    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                     | United Overseas Bank Ltd.                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     18900 | NS      | $525093.74    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Industries Corp.                       | Toyota Industries Corp.                                    | CUSIP: N/A<br>LEI: 35380000WKGEAHEMW830       | Long             | EC               | CORP              | JP        |      2700 | NS      | $288718.10    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer