# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-066051
**Filing Date:** 2023-3
**Character Count:** 180800
**Document Hash:** 426afa36100f39e1ac6cfbcd3cf30429
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066051.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066051

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23761641

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

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

## Series and Classes Contracts Data

### JPMorgan U.S. Value Factor ETF (Series ID: S000059314)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000194673 | JPMorgan U.S. Value Factor ETF | JVAL            |

## Nport-Ex

**JPMorgan U.S. Value Factor ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — 99.9%** | **Common Stocks — 99.9%** | **Common Stocks — 99.9%** |
| **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | 10961 | 2554571 |
| &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, Inc. | 4972 | 1096525 |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 10776 | 2314900 |
| &nbsp;&nbsp;&nbsp; Raytheon Technologies Corp. | 35348 | 3529498 |
| &nbsp;&nbsp;&nbsp; Textron, Inc. | 19087 | 1390488 |
|  |  | &nbsp;&nbsp; 10885982 |
| **Automobiles & Parts — 2.2%** | **Automobiles & Parts — 2.2%** | **Automobiles & Parts — 2.2%** |
| &nbsp;&nbsp;&nbsp; BorgWarner, Inc. | 41908 | 1981410 |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | 240389 | 3247655 |
| &nbsp;&nbsp;&nbsp; General Motors Co. | 85195 | 3349868 |
| &nbsp;&nbsp;&nbsp; Gentex Corp. | 56949 | 1680565 |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp; 12490 | &nbsp;&nbsp;&nbsp;&nbsp; 2096072 |
| &nbsp;&nbsp;&nbsp; Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12400 | &nbsp;&nbsp;&nbsp;&nbsp; 1807672 |
| &nbsp;&nbsp;&nbsp; LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35081 | &nbsp;&nbsp;&nbsp;&nbsp; 2068376 |
|  |  | &nbsp;&nbsp; 16231618 |
| **Banks — 5.3%** | **Banks — 5.3%** | **Banks — 5.3%** |
| &nbsp;&nbsp;&nbsp; Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp; 16941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773695 |
| &nbsp;&nbsp;&nbsp; BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755358 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 97935 | &nbsp;&nbsp;&nbsp;&nbsp; 5114166 |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 51499 | &nbsp;&nbsp;&nbsp;&nbsp; 2230937 |
| &nbsp;&nbsp;&nbsp; Comerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21607 | &nbsp;&nbsp;&nbsp;&nbsp; 1584009 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 62308 | &nbsp;&nbsp;&nbsp;&nbsp; 2261157 |
| &nbsp;&nbsp;&nbsp; First Hawaiian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38790 | &nbsp;&nbsp;&nbsp;&nbsp; 1064398 |
| &nbsp;&nbsp;&nbsp; FNB Corp. | &nbsp;&nbsp;&nbsp; 115769 | &nbsp;&nbsp;&nbsp;&nbsp; 1652024 |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 142788 | &nbsp;&nbsp;&nbsp;&nbsp; 2166094 |
| &nbsp;&nbsp;&nbsp; KeyCorp | &nbsp;&nbsp;&nbsp; 109827 | &nbsp;&nbsp;&nbsp;&nbsp; 2107580 |
| &nbsp;&nbsp;&nbsp; New York Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 182339 | &nbsp;&nbsp;&nbsp;&nbsp; 1821567 |
| &nbsp;&nbsp;&nbsp; PacWest Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 59617 | &nbsp;&nbsp;&nbsp;&nbsp; 1649006 |
| &nbsp;&nbsp;&nbsp; Popular, Inc. (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 22845 | &nbsp;&nbsp;&nbsp;&nbsp; 1568081 |
| &nbsp;&nbsp;&nbsp; Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606425 |
| &nbsp;&nbsp;&nbsp; Regions Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 94507 | &nbsp;&nbsp;&nbsp;&nbsp; 2224695 |
| &nbsp;&nbsp;&nbsp; Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39479 | &nbsp;&nbsp;&nbsp;&nbsp; 1656144 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 78455 | &nbsp;&nbsp;&nbsp;&nbsp; 3874892 |
| &nbsp;&nbsp;&nbsp; Umpqua Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 52354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952843 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 73182 | &nbsp;&nbsp;&nbsp;&nbsp; 3644463 |
| &nbsp;&nbsp;&nbsp; Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp; 22119 | &nbsp;&nbsp;&nbsp;&nbsp; 1175846 |
|  |  | &nbsp;&nbsp; 38883380 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29518 | &nbsp;&nbsp;&nbsp;&nbsp; 1041395 |
| &nbsp;&nbsp;&nbsp; Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 31961 | &nbsp;&nbsp;&nbsp;&nbsp; 1680509 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2721904 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 31924 | &nbsp;&nbsp;&nbsp;&nbsp; 1161714 |
| &nbsp;&nbsp;&nbsp; Dow, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 43704 | &nbsp;&nbsp;&nbsp;&nbsp; 2593832 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Chemicals — continued** | **Chemicals — continued** | **Chemicals — continued** |
| &nbsp;&nbsp;&nbsp; Huntsman Corp. | 57100 | 1809499 |
| &nbsp;&nbsp;&nbsp; LyondellBasell Industries NV, Class A | 23243 | 2247366 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7812411 |
| **Construction & Materials — 0.9%** | **Construction & Materials — 0.9%** | **Construction & Materials — 0.9%** |
| &nbsp;&nbsp;&nbsp; Acuity Brands, Inc. | 5734 | 1080973 |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc. \* | 15944 | 1270737 |
| &nbsp;&nbsp;&nbsp; Louisiana-Pacific Corp. | 24977 | 1700684 |
| &nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. | 27342 | 845141 |
| &nbsp;&nbsp;&nbsp; Mohawk Industries, Inc. \* | 1701 | 204222 |
| &nbsp;&nbsp;&nbsp; Owens Corning | 19075 | 1843599 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6945356 |
| **Consumer Services — 0.8%** | **Consumer Services — 0.8%** | **Consumer Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 50015 | &nbsp;&nbsp;&nbsp;&nbsp; 2475743 |
| &nbsp;&nbsp;&nbsp; Grand Canyon Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471485 |
| &nbsp;&nbsp;&nbsp; H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33394 | &nbsp;&nbsp;&nbsp;&nbsp; 1301698 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | &nbsp;&nbsp;&nbsp;&nbsp; 25467 | &nbsp;&nbsp;&nbsp;&nbsp; 1888378 |
| &nbsp;&nbsp;&nbsp; U-Haul Holding Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77353 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6214657 |
| **Electricity — 2.2%** | **Electricity — 2.2%** | **Electricity — 2.2%** |
| &nbsp;&nbsp;&nbsp; Avangrid, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804140 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22853 | &nbsp;&nbsp;&nbsp;&nbsp; 2178119 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496265 |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19437 | &nbsp;&nbsp;&nbsp;&nbsp; 1217728 |
| &nbsp;&nbsp;&nbsp; Exelon Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 20077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847049 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35738 | &nbsp;&nbsp;&nbsp;&nbsp; 1463471 |
| &nbsp;&nbsp;&nbsp; Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26996 | &nbsp;&nbsp;&nbsp;&nbsp; 1141121 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 41026 | &nbsp;&nbsp;&nbsp;&nbsp; 1403910 |
| &nbsp;&nbsp;&nbsp; OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979697 |
| &nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 21933 | &nbsp;&nbsp;&nbsp;&nbsp; 1635105 |
| &nbsp;&nbsp;&nbsp; PPL Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 72896 | &nbsp;&nbsp;&nbsp;&nbsp; 2157722 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 33358 | &nbsp;&nbsp;&nbsp;&nbsp; 2257669 |
|  |  | &nbsp;&nbsp; 16581996 |
| **Electronic & Electrical Equipment — 1.9%** | **Electronic & Electrical Equipment — 1.9%** | **Electronic & Electrical Equipment — 1.9%** |
| &nbsp;&nbsp;&nbsp; Crane Holdings Co. | &nbsp;&nbsp;&nbsp;&nbsp; 15311 | &nbsp;&nbsp;&nbsp;&nbsp; 1774698 |
| &nbsp;&nbsp;&nbsp; Emerson Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp; 30769 | &nbsp;&nbsp;&nbsp;&nbsp; 2775979 |
| &nbsp;&nbsp;&nbsp; Hubbell, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7678 | &nbsp;&nbsp;&nbsp;&nbsp; 1757571 |
| &nbsp;&nbsp;&nbsp; Johnson Controls International plc | &nbsp;&nbsp;&nbsp;&nbsp; 41220 | &nbsp;&nbsp;&nbsp;&nbsp; 2867676 |
| &nbsp;&nbsp;&nbsp; MKS Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13248 | &nbsp;&nbsp;&nbsp;&nbsp; 1355535 |
| &nbsp;&nbsp;&nbsp; nVent Electric plc | &nbsp;&nbsp;&nbsp;&nbsp; 41940 | &nbsp;&nbsp;&nbsp;&nbsp; 1667115 |
| &nbsp;&nbsp;&nbsp; Pentair plc | &nbsp;&nbsp;&nbsp;&nbsp; 28370 | &nbsp;&nbsp;&nbsp;&nbsp; 1571131 |
|  |  | &nbsp;&nbsp; 13769705 |
| **Finance & Credit Services — 0.7%** | **Finance & Credit Services — 0.7%** | **Finance & Credit Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; Ally Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65430 | &nbsp;&nbsp;&nbsp;&nbsp; 2125820 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Finance & Credit Services — continued** | **Finance & Credit Services — continued** | **Finance & Credit Services — continued** |
| &nbsp;&nbsp;&nbsp; MGIC Investment Corp. | 118531 | 1673658 |
| &nbsp;&nbsp;&nbsp; OneMain Holdings, Inc. | 40379 | 1741950 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5541428 |
| **Food Producers — 2.7%** | **Food Producers — 2.7%** | **Food Producers — 2.7%** |
| &nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co. | 34598 | 2866444 |
| &nbsp;&nbsp;&nbsp; Bunge Ltd. | 5129 | 508284 |
| &nbsp;&nbsp;&nbsp; Campbell Soup Co. | 33321 | 1730360 |
| &nbsp;&nbsp;&nbsp; Conagra Brands, Inc. | 54085 | 2011421 |
| &nbsp;&nbsp;&nbsp; Flowers Foods, Inc. | 8407 | 232790 |
| &nbsp;&nbsp;&nbsp; General Mills, Inc. | 37051 | 2903316 |
| &nbsp;&nbsp;&nbsp; Ingredion, Inc. | 9270 | 952956 |
| &nbsp;&nbsp;&nbsp; J M Smucker Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 12896 | &nbsp;&nbsp;&nbsp;&nbsp; 1970509 |
| &nbsp;&nbsp;&nbsp; Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp; 18275 | &nbsp;&nbsp;&nbsp;&nbsp; 1253299 |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 59079 | &nbsp;&nbsp;&nbsp;&nbsp; 2394472 |
| &nbsp;&nbsp;&nbsp; Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12785 | &nbsp;&nbsp;&nbsp;&nbsp; 1213936 |
| &nbsp;&nbsp;&nbsp; Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 28217 | &nbsp;&nbsp;&nbsp;&nbsp; 1855268 |
|  |  | &nbsp;&nbsp; 19893055 |
| **Gas, Water & Multi-utilities — 0.9%** | **Gas, Water & Multi-utilities — 0.9%** | **Gas, Water & Multi-utilities — 0.9%** |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 38778 | &nbsp;&nbsp;&nbsp;&nbsp; 3972806 |
| &nbsp;&nbsp;&nbsp; National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp; 14249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827297 |
| &nbsp;&nbsp;&nbsp; UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 40418 | &nbsp;&nbsp;&nbsp;&nbsp; 1609849 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6409952 |
| **General Industrials — 2.9%** | **General Industrials — 2.9%** | **General Industrials — 2.9%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp; 23234 | &nbsp;&nbsp;&nbsp;&nbsp; 2673769 |
| &nbsp;&nbsp;&nbsp; Amcor plc | &nbsp;&nbsp;&nbsp; 102667 | &nbsp;&nbsp;&nbsp;&nbsp; 1238164 |
| &nbsp;&nbsp;&nbsp; Berry Global Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16210 | &nbsp;&nbsp;&nbsp;&nbsp; 1000643 |
| &nbsp;&nbsp;&nbsp; Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13182 | &nbsp;&nbsp;&nbsp;&nbsp; 2001423 |
| &nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37466 | &nbsp;&nbsp;&nbsp;&nbsp; 2770611 |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 21127 | &nbsp;&nbsp;&nbsp;&nbsp; 3427010 |
| &nbsp;&nbsp;&nbsp; Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp; 13657 | &nbsp;&nbsp;&nbsp;&nbsp; 1948854 |
| &nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9144 | &nbsp;&nbsp;&nbsp;&nbsp; 2980944 |
| &nbsp;&nbsp;&nbsp; Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27226 | &nbsp;&nbsp;&nbsp;&nbsp; 1467209 |
| &nbsp;&nbsp;&nbsp; Westrock Co. | &nbsp;&nbsp;&nbsp;&nbsp; 46907 | &nbsp;&nbsp;&nbsp;&nbsp; 1840631 |
|  |  | &nbsp;&nbsp; 21349258 |
| **Health Care Providers — 4.5%** | **Health Care Providers — 4.5%** | **Health Care Providers — 4.5%** |
| &nbsp;&nbsp;&nbsp; Centene Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28351 | &nbsp;&nbsp;&nbsp;&nbsp; 2161480 |
| &nbsp;&nbsp;&nbsp; Cigna Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14899 | &nbsp;&nbsp;&nbsp;&nbsp; 4718066 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11169 | &nbsp;&nbsp;&nbsp;&nbsp; 5584388 |
| &nbsp;&nbsp;&nbsp; Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728354 |
| &nbsp;&nbsp;&nbsp; Enhabit, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455485 |
| &nbsp;&nbsp;&nbsp; Humana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6415 | &nbsp;&nbsp;&nbsp;&nbsp; 3282556 |
| &nbsp;&nbsp;&nbsp; Premier, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 32043 | &nbsp;&nbsp;&nbsp;&nbsp; 1068955 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26985 | &nbsp;&nbsp; 13470642 |
| &nbsp;&nbsp;&nbsp; Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 11217 | &nbsp;&nbsp;&nbsp;&nbsp; 1662472 |
|  |  | &nbsp;&nbsp; 33132398 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Household Goods & Home Construction — 2.0%** | **Household Goods & Home Construction — 2.0%** | **Household Goods & Home Construction — 2.0%** |
| &nbsp;&nbsp;&nbsp; DR Horton, Inc. | 27820 | 2745556 |
| &nbsp;&nbsp;&nbsp; Leggett & Platt, Inc. | 45393 | 1659568 |
| &nbsp;&nbsp;&nbsp; Lennar Corp., Class A | 24981 | 2558054 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 124001 | 1979056 |
| &nbsp;&nbsp;&nbsp; PulteGroup, Inc. | 40237 | 2289083 |
| &nbsp;&nbsp;&nbsp; Toll Brothers, Inc. | 33742 | 2007312 |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. | 11685 | 1818069 |
|  |  | &nbsp;&nbsp; 15056698 |
| **Industrial Engineering — 1.9%** | **Industrial Engineering — 1.9%** | **Industrial Engineering — 1.9%** |
| &nbsp;&nbsp;&nbsp; AGCO Corp. | 12238 | 1690435 |
| &nbsp;&nbsp;&nbsp; Brunswick Corp. | 12152 | 1024778 |
| &nbsp;&nbsp;&nbsp; Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22504 | &nbsp;&nbsp;&nbsp;&nbsp; 5677534 |
| &nbsp;&nbsp;&nbsp; Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10046 | &nbsp;&nbsp;&nbsp;&nbsp; 2506879 |
| &nbsp;&nbsp;&nbsp; Snap-on, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7738 | &nbsp;&nbsp;&nbsp;&nbsp; 1924673 |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12839 | &nbsp;&nbsp;&nbsp;&nbsp; 1146651 |
|  |  | &nbsp;&nbsp; 13970950 |
| **Industrial Materials — 0.2%** | **Industrial Materials — 0.2%** | **Industrial Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp; International Paper Co. | &nbsp;&nbsp;&nbsp;&nbsp; 44143 | &nbsp;&nbsp;&nbsp;&nbsp; 1846060 |
| **Industrial Metals & Mining — 1.0%** | **Industrial Metals & Mining — 1.0%** | **Industrial Metals & Mining — 1.0%** |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 60016 | &nbsp;&nbsp;&nbsp;&nbsp; 1281342 |
| &nbsp;&nbsp;&nbsp; Nucor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18248 | &nbsp;&nbsp;&nbsp;&nbsp; 3084277 |
| &nbsp;&nbsp;&nbsp; Reliance Steel & Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8763 | &nbsp;&nbsp;&nbsp;&nbsp; 1993144 |
| &nbsp;&nbsp;&nbsp; United States Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 40338 | &nbsp;&nbsp;&nbsp;&nbsp; 1149230 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7507993 |
| **Industrial Support Services — 1.7%** | **Industrial Support Services — 1.7%** | **Industrial Support Services — 1.7%** |
| &nbsp;&nbsp;&nbsp; ADT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 95762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841748 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27903 | &nbsp;&nbsp;&nbsp;&nbsp; 3320457 |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930946 |
| &nbsp;&nbsp;&nbsp; ManpowerGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18195 | &nbsp;&nbsp;&nbsp;&nbsp; 1585876 |
| &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 16155 | &nbsp;&nbsp;&nbsp;&nbsp; 1336019 |
| &nbsp;&nbsp;&nbsp; Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795353 |
| &nbsp;&nbsp;&nbsp; Synchrony Financial | &nbsp;&nbsp;&nbsp;&nbsp; 56282 | &nbsp;&nbsp;&nbsp;&nbsp; 2067238 |
| &nbsp;&nbsp;&nbsp; Western Union Co. (The) | &nbsp;&nbsp;&nbsp; 109086 | &nbsp;&nbsp;&nbsp;&nbsp; 1545749 |
|  |  | &nbsp;&nbsp; 12423386 |
| **Industrial Transportation — 2.6%** | **Industrial Transportation — 2.6%** | **Industrial Transportation — 2.6%** |
| &nbsp;&nbsp;&nbsp; Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35352 | &nbsp;&nbsp;&nbsp;&nbsp; 1593668 |
| &nbsp;&nbsp;&nbsp; FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16241 | &nbsp;&nbsp;&nbsp;&nbsp; 3148480 |
| &nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30798 | &nbsp;&nbsp;&nbsp;&nbsp; 1820162 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12068 | &nbsp;&nbsp;&nbsp;&nbsp; 2966435 |
| &nbsp;&nbsp;&nbsp; Oshkosh Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 830830 |
| &nbsp;&nbsp;&nbsp; PACCAR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23140 | &nbsp;&nbsp;&nbsp;&nbsp; 2529434 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17574 | &nbsp;&nbsp;&nbsp;&nbsp; 1659161 |
| &nbsp;&nbsp;&nbsp; Schneider National, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 31088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823832 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19166 | &nbsp;&nbsp;&nbsp;&nbsp; 3913506 |
|  |  | &nbsp;&nbsp; 19285508 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Investment Banking & Brokerage Services — 1.8%** | **Investment Banking & Brokerage Services — 1.8%** | **Investment Banking & Brokerage Services — 1.8%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The) | 57294 | 2897358 |
| &nbsp;&nbsp;&nbsp; Carlyle Group, Inc. (The) | 52832 | 1900367 |
| &nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | 63590 | 1984008 |
| &nbsp;&nbsp;&nbsp; Invesco Ltd. | 88332 | 1635025 |
| &nbsp;&nbsp;&nbsp; Janus Henderson Group plc | 17576 | 455570 |
| &nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. | 45053 | 1769682 |
| &nbsp;&nbsp;&nbsp; State Street Corp. | 31219 | 2851231 |
|  |  | &nbsp;&nbsp; 13493241 |
| **Leisure Goods — 1.4%** | **Leisure Goods — 1.4%** | **Leisure Goods — 1.4%** |
| &nbsp;&nbsp;&nbsp; Activision Blizzard, Inc. | 42465 | 3251545 |
| &nbsp;&nbsp;&nbsp; Garmin Ltd. | 16110 | 1592957 |
| &nbsp;&nbsp;&nbsp; Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34918 | &nbsp;&nbsp;&nbsp;&nbsp; 1607275 |
| &nbsp;&nbsp;&nbsp; Hasbro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20457 | &nbsp;&nbsp;&nbsp;&nbsp; 1210441 |
| &nbsp;&nbsp;&nbsp; Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827078 |
| &nbsp;&nbsp;&nbsp; Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17786 | &nbsp;&nbsp;&nbsp;&nbsp; 1695539 |
|  |  | &nbsp;&nbsp; 10184835 |
| **Life Insurance — 0.9%** | **Life Insurance — 0.9%** | **Life Insurance — 0.9%** |
| &nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24054 | &nbsp;&nbsp;&nbsp;&nbsp; 2226197 |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26153 | &nbsp;&nbsp;&nbsp;&nbsp; 2744496 |
| &nbsp;&nbsp;&nbsp; Unum Group | &nbsp;&nbsp;&nbsp;&nbsp; 40428 | &nbsp;&nbsp;&nbsp;&nbsp; 1699189 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6669882 |
| **Media — 1.7%** | **Media — 1.7%** | **Media — 1.7%** |
| &nbsp;&nbsp;&nbsp; Fox Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 54534 | &nbsp;&nbsp;&nbsp;&nbsp; 1850884 |
| &nbsp;&nbsp;&nbsp; Interpublic Group of Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 56185 | &nbsp;&nbsp;&nbsp;&nbsp; 2048505 |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty SiriusXM, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 22173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 893572 |
| &nbsp;&nbsp;&nbsp; News Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 88556 | &nbsp;&nbsp;&nbsp;&nbsp; 1794145 |
| &nbsp;&nbsp;&nbsp; Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9131 | &nbsp;&nbsp;&nbsp;&nbsp; 1869755 |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25367 | &nbsp;&nbsp;&nbsp;&nbsp; 2181308 |
| &nbsp;&nbsp;&nbsp; Paramount Global, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 90675 | &nbsp;&nbsp;&nbsp;&nbsp; 2100033 |
|  |  | &nbsp;&nbsp; 12738202 |
| **Medical Equipment & Services — 2.1%** | **Medical Equipment & Services — 2.1%** | **Medical Equipment & Services — 2.1%** |
| &nbsp;&nbsp;&nbsp; Azenta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861195 |
| &nbsp;&nbsp;&nbsp; Becton Dickinson and Co. | &nbsp;&nbsp;&nbsp;&nbsp; 11949 | &nbsp;&nbsp;&nbsp;&nbsp; 3013777 |
| &nbsp;&nbsp;&nbsp; Laboratory Corp. of America Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5476 | &nbsp;&nbsp;&nbsp;&nbsp; 1380609 |
| &nbsp;&nbsp;&nbsp; Medtronic plc | &nbsp;&nbsp;&nbsp;&nbsp; 54419 | &nbsp;&nbsp;&nbsp;&nbsp; 4554326 |
| &nbsp;&nbsp;&nbsp; PerkinElmer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8786 | &nbsp;&nbsp;&nbsp;&nbsp; 1208338 |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13619 | &nbsp;&nbsp;&nbsp;&nbsp; 2022149 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 812696 |
| &nbsp;&nbsp;&nbsp; Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10690 | &nbsp;&nbsp;&nbsp;&nbsp; 1361265 |
|  |  | &nbsp;&nbsp; 15214355 |
| **Mortgage Real Estate Investment Trusts — 0.9%** | **Mortgage Real Estate Investment Trusts — 0.9%** | **Mortgage Real Estate Investment Trusts — 0.9%** |
| &nbsp;&nbsp;&nbsp; AGNC Investment Corp. (a) | &nbsp;&nbsp;&nbsp; 112288 | &nbsp;&nbsp;&nbsp;&nbsp; 1302541 |
| &nbsp;&nbsp;&nbsp; Annaly Capital Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 82332 | &nbsp;&nbsp;&nbsp;&nbsp; 1932332 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Mortgage Real Estate Investment Trusts — continued** | **Mortgage Real Estate Investment Trusts — continued** | **Mortgage Real Estate Investment Trusts — continued** |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp. | 174756 | 1644454 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. | 78675 | 1643521 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6522848 |
| **Non-life Insurance — 1.9%** | **Non-life Insurance — 1.9%** | **Non-life Insurance — 1.9%** |
| &nbsp;&nbsp;&nbsp; American International Group, Inc. | 48676 | 3077297 |
| &nbsp;&nbsp;&nbsp; Assured Guaranty Ltd. | 23725 | 1485185 |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd. | 15037 | 940865 |
| &nbsp;&nbsp;&nbsp; Fidelity National Financial, Inc. | 47472 | 2090192 |
| &nbsp;&nbsp;&nbsp; First American Financial Corp. | 30507 | 1887468 |
| &nbsp;&nbsp;&nbsp; Hartford Financial Services Group, Inc. (The) | 14555 | 1129614 |
| &nbsp;&nbsp;&nbsp; Old Republic International Corp. | 69060 | 1822493 |
| &nbsp;&nbsp;&nbsp; Reinsurance Group of America, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8272 | &nbsp;&nbsp;&nbsp;&nbsp; 1255441 |
|  |  | &nbsp;&nbsp; 13688555 |
| **Non-Renewable Energy — 5.2%** | **Non-Renewable Energy — 5.2%** | **Non-Renewable Energy — 5.2%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Corp. | &nbsp;&nbsp;&nbsp; 138453 | &nbsp;&nbsp;&nbsp;&nbsp; 1509138 |
| &nbsp;&nbsp;&nbsp; Chesapeake Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647538 |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 38169 | &nbsp;&nbsp;&nbsp;&nbsp; 6642169 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 79957 | &nbsp;&nbsp;&nbsp;&nbsp; 2001324 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12782 | &nbsp;&nbsp;&nbsp;&nbsp; 1867706 |
| &nbsp;&nbsp;&nbsp; DT Midstream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562342 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp; 131778 | &nbsp;&nbsp; 15287566 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 142819 | &nbsp;&nbsp;&nbsp;&nbsp; 2613588 |
| &nbsp;&nbsp;&nbsp; Marathon Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 23674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650325 |
| &nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12842 | &nbsp;&nbsp;&nbsp;&nbsp; 1650454 |
| &nbsp;&nbsp;&nbsp; Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp; 29854 | &nbsp;&nbsp;&nbsp;&nbsp; 2993460 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11141 | &nbsp;&nbsp;&nbsp;&nbsp; 1560074 |
| &nbsp;&nbsp;&nbsp; Vitesse Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85354 |
|  |  | &nbsp;&nbsp; 38071038 |
| **Personal Care, Drug & Grocery Stores — 1.5%** | **Personal Care, Drug & Grocery Stores — 1.5%** | **Personal Care, Drug & Grocery Stores — 1.5%** |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 74503 | &nbsp;&nbsp;&nbsp;&nbsp; 1579463 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 57421 | &nbsp;&nbsp;&nbsp;&nbsp; 5065681 |
| &nbsp;&nbsp;&nbsp; Kroger Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 43730 | &nbsp;&nbsp;&nbsp;&nbsp; 1951670 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59531 | &nbsp;&nbsp;&nbsp;&nbsp; 2194313 |
|  |  | &nbsp;&nbsp; 10791127 |
| **Personal Goods — 1.6%** | **Personal Goods — 1.6%** | **Personal Goods — 1.6%** |
| &nbsp;&nbsp;&nbsp; Capri Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19173 | &nbsp;&nbsp;&nbsp;&nbsp; 1274813 |
| &nbsp;&nbsp;&nbsp; Carter's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16756 | &nbsp;&nbsp;&nbsp;&nbsp; 1396948 |
| &nbsp;&nbsp;&nbsp; Columbia Sportswear Co. | &nbsp;&nbsp;&nbsp;&nbsp; 10726 | &nbsp;&nbsp;&nbsp;&nbsp; 1028623 |
| &nbsp;&nbsp;&nbsp; Hanesbrands, Inc. | &nbsp;&nbsp;&nbsp; 140924 | &nbsp;&nbsp;&nbsp;&nbsp; 1189399 |
| &nbsp;&nbsp;&nbsp; PVH Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22024 | &nbsp;&nbsp;&nbsp;&nbsp; 1979958 |
| &nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13819 | &nbsp;&nbsp;&nbsp;&nbsp; 1711483 |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45448 | &nbsp;&nbsp;&nbsp;&nbsp; 2071065 |
| &nbsp;&nbsp;&nbsp; VF Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847725 |
|  |  | &nbsp;&nbsp; 11500014 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Pharmaceuticals, Biotechnology & Marijuana Producers — 6.8%** | **Pharmaceuticals, Biotechnology & Marijuana Producers — 6.8%** | **Pharmaceuticals, Biotechnology & Marijuana Producers — 6.8%** |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | 18641 | 4704988 |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. \* | 5324 | 1548752 |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 54855 | 3985216 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 51886 | 4355311 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | 71558 | 11694008 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 91905 | 9871516 |
| &nbsp;&nbsp;&nbsp; Perrigo Co. plc | 9202 | 344339 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | 207967 | 9183823 |
| &nbsp;&nbsp;&nbsp; Syneos Health, Inc. \* | 23790 | 854537 |
| &nbsp;&nbsp;&nbsp; United Therapeutics Corp. \* | 6542 | 1721658 |
| &nbsp;&nbsp;&nbsp; Viatris, Inc. | 154875 | 1883280 |
|  |  | &nbsp;&nbsp; 50147428 |
| **Real Estate Investment & Services — 0.2%** | **Real Estate Investment & Services — 0.2%** | **Real Estate Investment & Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6326 | &nbsp;&nbsp;&nbsp;&nbsp; 1169488 |
| **Real Estate Investment Trusts — 3.0%** | **Real Estate Investment Trusts — 3.0%** | **Real Estate Investment Trusts — 3.0%** |
| &nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49436 |
| &nbsp;&nbsp;&nbsp; Cousins Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387472 |
| &nbsp;&nbsp;&nbsp; EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp; 26992 | &nbsp;&nbsp;&nbsp;&nbsp; 1146620 |
| &nbsp;&nbsp;&nbsp; Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp; 19984 | &nbsp;&nbsp;&nbsp;&nbsp; 1271982 |
| &nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19853 | &nbsp;&nbsp;&nbsp;&nbsp; 1063327 |
| &nbsp;&nbsp;&nbsp; Highwoods Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38402 | &nbsp;&nbsp;&nbsp;&nbsp; 1166269 |
| &nbsp;&nbsp;&nbsp; Kilroy Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613179 |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 85197 | &nbsp;&nbsp;&nbsp;&nbsp; 1913525 |
| &nbsp;&nbsp;&nbsp; Medical Properties Trust, Inc. (a) | &nbsp;&nbsp;&nbsp; 131377 | &nbsp;&nbsp;&nbsp;&nbsp; 1701332 |
| &nbsp;&nbsp;&nbsp; National Retail Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22171 | &nbsp;&nbsp;&nbsp;&nbsp; 1049797 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 55784 | &nbsp;&nbsp;&nbsp;&nbsp; 1642281 |
| &nbsp;&nbsp;&nbsp; Regency Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16650 | &nbsp;&nbsp;&nbsp;&nbsp; 1109389 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17396 | &nbsp;&nbsp;&nbsp;&nbsp; 2234690 |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33829 | &nbsp;&nbsp;&nbsp;&nbsp; 1392063 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22785 | &nbsp;&nbsp;&nbsp;&nbsp; 1180491 |
| &nbsp;&nbsp;&nbsp; Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp; 56153 | &nbsp;&nbsp;&nbsp;&nbsp; 1369572 |
| &nbsp;&nbsp;&nbsp; Welltower, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22400 | &nbsp;&nbsp;&nbsp;&nbsp; 1680896 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | &nbsp;&nbsp;&nbsp;&nbsp; 11585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398871 |
| &nbsp;&nbsp;&nbsp; WP Carey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13317 | &nbsp;&nbsp;&nbsp;&nbsp; 1139003 |
|  |  | &nbsp;&nbsp; 22510195 |
| **Retailers — 3.0%** | **Retailers — 3.0%** | **Retailers — 3.0%** |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8420 | &nbsp;&nbsp;&nbsp;&nbsp; 1282198 |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13006 | &nbsp;&nbsp;&nbsp;&nbsp; 1648120 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23697 | &nbsp;&nbsp;&nbsp;&nbsp; 1090299 |
| &nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23639 | &nbsp;&nbsp;&nbsp;&nbsp; 2097252 |
| &nbsp;&nbsp;&nbsp; Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14069 | &nbsp;&nbsp;&nbsp;&nbsp; 1839663 |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The) | &nbsp;&nbsp;&nbsp; 103716 | &nbsp;&nbsp;&nbsp;&nbsp; 1407426 |
| &nbsp;&nbsp;&nbsp; Kohl's Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 49812 | &nbsp;&nbsp;&nbsp;&nbsp; 1612414 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6225 | &nbsp;&nbsp;&nbsp;&nbsp; 1638420 |
| &nbsp;&nbsp;&nbsp; Macy's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 70745 | &nbsp;&nbsp;&nbsp;&nbsp; 1671704 |
| &nbsp;&nbsp;&nbsp; Nordstrom, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 75256 | &nbsp;&nbsp;&nbsp;&nbsp; 1470502 |
| &nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12399 | &nbsp;&nbsp;&nbsp;&nbsp; 1584840 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Retailers — continued** | **Retailers — continued** | **Retailers — continued** |
| &nbsp;&nbsp;&nbsp; Target Corp. | 7576 | 1304133 |
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co. \* | 35291 | 1487516 |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | 14627 | 1973767 |
|  |  | &nbsp;&nbsp; 22108254 |
| **Software & Computer Services — 11.5%** | **Software & Computer Services — 11.5%** | **Software & Computer Services — 11.5%** |
| &nbsp;&nbsp;&nbsp; Akamai Technologies, Inc. \* | 14864 | 1322153 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class A \* | 111152 | 10986264 |
| &nbsp;&nbsp;&nbsp; Amdocs Ltd. | 19963 | 1835199 |
| &nbsp;&nbsp;&nbsp; Black Knight, Inc. \* | 13198 | 799667 |
| &nbsp;&nbsp;&nbsp; CACI International, Inc., Class A \* | 5384 | 1658756 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., Class A | 40817 | 2724535 |
| &nbsp;&nbsp;&nbsp; Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp; 25867 | &nbsp;&nbsp;&nbsp;&nbsp; 1050717 |
| &nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 20706 | &nbsp;&nbsp;&nbsp;&nbsp; 1647369 |
| &nbsp;&nbsp;&nbsp; Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781138 |
| &nbsp;&nbsp;&nbsp; DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 45756 | &nbsp;&nbsp;&nbsp;&nbsp; 1314570 |
| &nbsp;&nbsp;&nbsp; F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7002 | &nbsp;&nbsp;&nbsp;&nbsp; 1033915 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 57089 | &nbsp;&nbsp;&nbsp;&nbsp; 1313618 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp; 130737 | &nbsp;&nbsp;&nbsp;&nbsp; 2108788 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 40791 | &nbsp;&nbsp;&nbsp;&nbsp; 5495771 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10471 | &nbsp;&nbsp;&nbsp;&nbsp; 4425778 |
| &nbsp;&nbsp;&nbsp; KBR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911484 |
| &nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17806 | &nbsp;&nbsp;&nbsp;&nbsp; 1759945 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 71128 | &nbsp;&nbsp; 10595938 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 50518 | &nbsp;&nbsp; 12518866 |
| &nbsp;&nbsp;&nbsp; NCR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 31966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876508 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 68917 | &nbsp;&nbsp;&nbsp;&nbsp; 6096398 |
| &nbsp;&nbsp;&nbsp; PTC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10286 | &nbsp;&nbsp;&nbsp;&nbsp; 1387376 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5198 | &nbsp;&nbsp;&nbsp;&nbsp; 2218246 |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33123 | &nbsp;&nbsp;&nbsp;&nbsp; 5563670 |
| &nbsp;&nbsp;&nbsp; Science Applications International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 15049 | &nbsp;&nbsp;&nbsp;&nbsp; 1561785 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34557 | &nbsp;&nbsp;&nbsp;&nbsp; 2085515 |
| &nbsp;&nbsp;&nbsp; Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29059 | &nbsp;&nbsp;&nbsp;&nbsp; 1013578 |
|  |  | &nbsp;&nbsp; 85087547 |
| **Technology Hardware & Equipment — 13.7%** | **Technology Hardware & Equipment — 13.7%** | **Technology Hardware & Equipment — 13.7%** |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 28740 | &nbsp;&nbsp;&nbsp;&nbsp; 2292590 |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26414 | &nbsp;&nbsp;&nbsp;&nbsp; 4529209 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 87692 | &nbsp;&nbsp; 12653079 |
| &nbsp;&nbsp;&nbsp; Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43459 | &nbsp;&nbsp;&nbsp;&nbsp; 4845244 |
| &nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13288 | &nbsp;&nbsp;&nbsp;&nbsp; 1561207 |
| &nbsp;&nbsp;&nbsp; Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34604 | &nbsp;&nbsp;&nbsp;&nbsp; 1587632 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15810 | &nbsp;&nbsp;&nbsp;&nbsp; 9249008 |
| &nbsp;&nbsp;&nbsp; CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11576 | &nbsp;&nbsp;&nbsp;&nbsp; 2269243 |
| &nbsp;&nbsp;&nbsp; Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12782 | &nbsp;&nbsp;&nbsp;&nbsp; 1155365 |
| &nbsp;&nbsp;&nbsp; Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724954 |
| &nbsp;&nbsp;&nbsp; Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8805 | &nbsp;&nbsp;&nbsp;&nbsp; 1248637 |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66863 | &nbsp;&nbsp;&nbsp;&nbsp; 2314128 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17486 | &nbsp;&nbsp;&nbsp;&nbsp; 1411295 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Technology Hardware & Equipment — continued** | **Technology Hardware & Equipment — continued** | **Technology Hardware & Equipment — continued** |
| &nbsp;&nbsp;&nbsp; HP, Inc. | 79438 | 2314823 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 184632 | 5217700 |
| &nbsp;&nbsp;&nbsp; IPG Photonics Corp. \* | 8651 | 969777 |
| &nbsp;&nbsp;&nbsp; Jabil, Inc. | 24596 | 1933983 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 8656 | 3397307 |
| &nbsp;&nbsp;&nbsp; Lam Research Corp. | 7891 | 3946289 |
| &nbsp;&nbsp;&nbsp; Marvell Technology, Inc. | 46928 | 2024943 |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 37141 | 2882884 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 63980 | 3857994 |
| &nbsp;&nbsp;&nbsp; National Instruments Corp. | 23766 | 1283364 |
| &nbsp;&nbsp;&nbsp; NetApp, Inc. | 26987 | 1787349 |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 35070 | &nbsp;&nbsp;&nbsp;&nbsp; 2575891 |
| &nbsp;&nbsp;&nbsp; Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13205 | &nbsp;&nbsp;&nbsp;&nbsp; 1434855 |
| &nbsp;&nbsp;&nbsp; QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 48693 | &nbsp;&nbsp;&nbsp;&nbsp; 6486395 |
| &nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20862 | &nbsp;&nbsp;&nbsp;&nbsp; 2287936 |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 15885 | &nbsp;&nbsp;&nbsp;&nbsp; 1622653 |
| &nbsp;&nbsp;&nbsp; Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17759 | &nbsp;&nbsp;&nbsp;&nbsp; 1806090 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39614 | &nbsp;&nbsp;&nbsp;&nbsp; 7019997 |
| &nbsp;&nbsp;&nbsp; Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7790 | &nbsp;&nbsp;&nbsp;&nbsp; 1032409 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38266 | &nbsp;&nbsp;&nbsp;&nbsp; 1681791 |
|  |  | 101406021 |
| **Telecommunications Equipment — 1.0%** | **Telecommunications Equipment — 1.0%** | **Telecommunications Equipment — 1.0%** |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 132480 | &nbsp;&nbsp;&nbsp;&nbsp; 6447802 |
| &nbsp;&nbsp;&nbsp; Juniper Networks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896583 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7344385 |
| **Telecommunications Service Providers — 1.5%** | **Telecommunications Service Providers — 1.5%** | **Telecommunications Service Providers — 1.5%** |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp; 268043 | &nbsp;&nbsp;&nbsp;&nbsp; 5460036 |
| &nbsp;&nbsp;&nbsp; Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 97334 | &nbsp;&nbsp;&nbsp;&nbsp; 3830093 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 51178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736451 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. | &nbsp;&nbsp;&nbsp; 145536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764064 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292154 |
|  |  | &nbsp;&nbsp; 11082798 |
| **Tobacco — 1.0%** | **Tobacco — 1.0%** | **Tobacco — 1.0%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 76812 | &nbsp;&nbsp;&nbsp;&nbsp; 3459612 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37782 | &nbsp;&nbsp;&nbsp;&nbsp; 3938396 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7398008 |
| **Travel & Leisure — 1.8%** | **Travel & Leisure — 1.8%** | **Travel & Leisure — 1.8%** |
| &nbsp;&nbsp;&nbsp; Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26694 | &nbsp;&nbsp;&nbsp;&nbsp; 1663303 |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A (Panama) \* | &nbsp;&nbsp;&nbsp;&nbsp; 17166 | &nbsp;&nbsp;&nbsp;&nbsp; 1580645 |
| &nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14142 | &nbsp;&nbsp;&nbsp;&nbsp; 2092592 |
| &nbsp;&nbsp;&nbsp; Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10840 | &nbsp;&nbsp;&nbsp;&nbsp; 1734834 |
| &nbsp;&nbsp;&nbsp; MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp; 49947 | &nbsp;&nbsp;&nbsp;&nbsp; 2068305 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408880 |
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co. | &nbsp;&nbsp;&nbsp;&nbsp; 34053 | &nbsp;&nbsp;&nbsp;&nbsp; 1442826 |

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE ($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Travel & Leisure — continued** | **Travel & Leisure — continued** | **Travel & Leisure — continued** |
| &nbsp;&nbsp;&nbsp; Wendy's Co. (The) | 68580 | 1529334 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 13197 | 1022899 |
|  |  | &nbsp;&nbsp; 13543618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $734,438,446)<br>|  | 737135534 |
| **Short-Term Investments — 0.9%** | **Short-Term Investments — 0.9%** | **Short-Term Investments — 0.9%** |
| **Investment Companies — 0.0% ^** | **Investment Companies — 0.0% ^** | **Investment Companies — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (b) (c)(Cost $410,477) | 410477 | 410477 |
| **Investment of Cash Collateral from Securities Loaned — 0.9%** | **Investment of Cash Collateral from Securities Loaned — 0.9%** | **Investment of Cash Collateral from Securities Loaned — 0.9%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Class Agency SL Shares, 4.57% (b) (c) | 2296272 | 2297190 |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (b) (c) | 4361577 | 4361577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $6,658,441)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 6658767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $7,068,918)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 7069244 |
| **Total Investments — 100.8%** <br>**(Cost $741,507,364)**<br>|  | **744204778** |
| **Liabilities in Excess of Other Assets — (0.8)%** |  | **(6053626)** |
| **NET ASSETS — 100.0%** |  | **738151152** |

---

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

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

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| \* | Non-income producing security.  |
| (a) | The security or a portion of this security is on loan at January 31, 2023. The total value of securities on loan at January 31, 2023 is <br> $6,524,490.<br>|
| (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 <br> Investment Management Inc.<br>|
| (c) | The rate shown is the current yield as of January 31, 2023. |

---

**Futures contracts outstanding as of January 31, 2023:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| S&P 500 E-Mini Index | 3 | 03/17/2023 | USD | 613575 | 25331 |

---

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

---

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

---

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | $744204778 | $— | $— | $744204778 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | $25331 | $— | $— | $25331 |

---

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

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

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

------

**JPMorgan U.S. Value Factor ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL Class Shares, <br> 4.57% (a) (b)<br>| $297072 | $1999999 | $— | $— | $119 | $2297190 | 2296272 | $4954 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class IM Shares, 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 623020 | &nbsp;&nbsp; 14084905 | &nbsp;&nbsp; 10346348 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 4361577 | 4361577 | &nbsp;&nbsp; 13173 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market <br> Fund Class IM Shares, 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 377263 | &nbsp;&nbsp; 10417856 | &nbsp;&nbsp; 10384642 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 410477 | &nbsp;&nbsp;&nbsp; 410477 | &nbsp;&nbsp;&nbsp;&nbsp; 8981 | &nbsp;&nbsp; — |
| **Total** | $1297355 | $26502760 | $20730990 | $— | $119 | $7069244 |  | $27108 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

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

- **b. EDGAR series identifier (if any):** S000059314

- **c. LEI of Series:** 549300HRHRZ4Q1FYHW79

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $727139957.42

**Total Liabilities:** $6734442.66

**Net Assets:** $720405514.76

**Cash Not Reported:** $5249.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194673 | 6.90%                | -4.89%               | 7.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-341199.66              | $28934180.54                               |
| Month 2  | $-3226774.33             | $-20338325.13                              |
| Month 3  | $31.44                   | $41309955.65                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                          | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oracle Corp.                                  | Oracle Corp.                                                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     67257 | NS      | $5949554.22   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                         | Kraft Heinz Co. (The)                                                 | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     57659 | NS      | $2336919.27   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                | Walgreens Boots Alliance, Inc.                                        | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     58101 | NS      | $2141602.86   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris, Inc.                                | Entegris, Inc.                                                        | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     17066 | NS      | $1377396.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                               | Eaton Corp. plc                                                       | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     20617 | NS      | $3344283.57   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                           | Synchrony Financial                                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     54932 | NS      | $2017652.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's, Inc.                                | Carter's, Inc.                                                        | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     16356 | NS      | $1363599.72   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories, Inc.                      | Dolby Laboratories, Inc., Class A                                     | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     20206 | NS      | $1607589.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                    | Archer-Daniels-Midland Co.                                            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     33768 | NS      | $2797678.80   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                             | Exxon Mobil Corp.                                                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    128608 | NS      | $14919814.08  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                       | Louisiana-Pacific Corp.                                               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     24377 | NS      | $1659829.93   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class A                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    108482 | NS      | $10722360.88  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp.                     | United Therapeutics Corp.                                             | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      6382 | NS      | $1679550.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                              | Zions Bancorp NA                                                      | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     21589 | NS      | $1147671.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                               | Ingredion, Inc.                                                       | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      9050 | NS      | $930340.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                           | Valero Energy Corp.                                                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     10871 | NS      | $1522266.13   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Share Class IM            | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   4361578 | NS      | $4361577.50   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                              | OGE Energy Corp.                                                      | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     24316 | NS      | $956105.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                    | Microchip Technology, Inc.                                            | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     36251 | NS      | $2813802.62   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                | Amphenol Corp., Class A                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     28050 | NS      | $2237548.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris, Inc.                                 | Polaris, Inc.                                                         | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      7032 | NS      | $807554.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares, Inc.                   | Huntington Bancshares, Inc.                                           | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    139358 | NS      | $2114060.86   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp.                                  | Gentex Corp.                                                          | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     55579 | NS      | $1640136.29   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                | EPR Properties                                                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     26342 | NS      | $1119008.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                           | Flowers Foods, Inc.                                                   | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      8207 | NS      | $227251.83    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                                   | Jabil, Inc.                                                           | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     24006 | NS      | $1887591.78   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Syneos Health, Inc.                           | Syneos Health, Inc.                                                   | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |     23220 | NS      | $834062.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric plc                            | nVent Electric plc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     40930 | NS      | $1626967.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                     | KLA Corp.                                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      8446 | NS      | $3314886.08   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                      | Bristol-Myers Squibb Co.                                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     53535 | NS      | $3889317.75   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital, Inc.                             | Gen Digital, Inc.                                                     | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     55719 | NS      | $1282094.19   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                         | Harley-Davidson, Inc.                                                 | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     34078 | NS      | $1568610.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co. (The)                         | J M Smucker Co. (The)                                                 | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     12586 | NS      | $1923140.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier, Inc.                                 | Premier, Inc., Class A                                                | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31273 | NS      | $1043267.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins, Inc.                                 | Cummins, Inc.                                                         | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      9806 | NS      | $2446989.24   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                   | Intel Corp.                                                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    180192 | NS      | $5092225.92   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                  | Intuit, Inc.                                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     10221 | NS      | $4320110.07   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                 | Owens Corning                                                         | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     18615 | NS      | $1799139.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.         | International Business Machines Corp.                                 | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     39811 | NS      | $5363736.03   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                      | Bank OZK                                                              | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     16531 | NS      | $754970.77    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen, Inc.                                  | Biogen, Inc.                                                          | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      5194 | NS      | $1510934.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                   | Phillips 66                                                           | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     29134 | NS      | $2921266.18   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                | WP Carey, Inc.                                                        | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     12997 | NS      | $1111633.41   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd.                                    | Bunge Ltd.                                                            | CUSIP: N/A<br>LEI: 5493007M0RIN8HY3MM77       | Long             | EC               | CORP              | BM        |      5009 | NS      | $496391.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.             | Fidelity National Financial, Inc.                                     | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     46332 | NS      | $2039997.96   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co.                            | Crane Holdings Co.                                                    | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     14941 | NS      | $1731811.31   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                   | Apple, Inc.                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     85582 | NS      | $12348626.78  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                               | PacWest Bancorp                                                       | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |     58187 | NS      | $1609452.42   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp.                       | Chesapeake Energy Corp.                                               | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      7287 | NS      | $631928.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.           | Gaming and Leisure Properties, Inc.                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     19373 | NS      | $1037617.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy, Inc.                          | Vitesse Energy, Inc.                                                  | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5218 | NS      | $83279.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit, Inc.                                 | Enhabit, Inc.                                                         | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |     28944 | NS      | $444579.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                           | Toll Brothers, Inc.                                                   | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     32932 | NS      | $1959124.68   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp.                                     | Fox Corp., Class A                                                    | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     53224 | NS      | $1806422.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                 | Starwood Property Trust, Inc.                                         | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     76785 | NS      | $1604038.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos., Inc.                         | Albertsons Cos., Inc., Class A                                        | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     72713 | NS      | $1541515.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp.                                     | NCR Corp.                                                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     31196 | NS      | $855394.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                     | UGI Corp.                                                             | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     39448 | NS      | $1571213.84   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on, Inc.                                 | Snap-on, Inc.                                                         | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      7548 | NS      | $1877414.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                              | Kroger Co. (The)                                                      | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     42680 | NS      | $1904808.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corp.                            | DISH Network Corp., Class A                                           | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |     49948 | NS      | $718751.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                         | MGIC Investment Corp.                                                 | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    115681 | NS      | $1633415.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | Johnson & Johnson                                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     69838 | NS      | $11412925.96  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                             | Merck & Co., Inc.                                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     89695 | NS      | $9634139.95   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                    | AT&T, Inc.                                                            | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    261603 | NS      | $5328853.11   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                  | Pfizer, Inc.                                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    202967 | NS      | $8963022.72   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                          | Ally Financial, Inc.                                                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     63860 | NS      | $2074811.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair plc                                   | Pentair plc                                                           | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | IE        |     27690 | NS      | $1533472.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp.                           | IPG Photonics Corp.                                                   | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      8441 | NS      | $946236.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                       | Regions Financial Corp.                                               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     92237 | NS      | $2171258.98   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd.                           | Capri Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |     18713 | NS      | $1244227.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                         | Assured Guaranty Ltd.                                                 | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |     23155 | NS      | $1449503.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co.                      | Becton Dickinson and Co.                                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     11659 | NS      | $2940632.98   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp.                                   | Nucor Corp.                                                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     17808 | NS      | $3009908.16   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks, Inc.                        | Juniper Networks, Inc.                                                | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     27088 | NS      | $874942.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                    | Prudential Financial, Inc.                                            | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     25523 | NS      | $2678383.62   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Community Bancorp, Inc.              | New York Community Bancorp, Inc.                                      | CUSIP: 649445103<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    177959 | NS      | $1777810.41   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp.                                     | LKQ Corp.                                                             | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     34241 | NS      | $2018849.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education, Inc.                  | Grand Canyon Education, Inc.                                          | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      3945 | NS      | $459829.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                             | Genuine Parts Co.                                                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     12190 | NS      | $2045725.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology, Inc.                      | Marvell Technology, Inc.                                              | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45798 | NS      | $1976183.70   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                    | Simon Property Group, Inc.                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     16976 | NS      | $2180736.96   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                | Hewlett Packard Enterprise Co.                                        | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    127597 | NS      | $2058139.61   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.    | Knight-Swift Transportation Holdings, Inc.                            | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30058 | NS      | $1776427.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.              | Omega Healthcare Investors, Inc.                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     54444 | NS      | $1602831.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc            | Johnson Controls International plc                                    | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |     40230 | NS      | $2798801.10   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                | Teradyne, Inc.                                                        | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     17329 | NS      | $1762359.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC, Inc.                                     | PTC, Inc.                                                             | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     10036 | NS      | $1353655.68   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group, Inc. (The) | Hartford Financial Services Group, Inc. (The)                         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     14205 | NS      | $1102450.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group, Inc.                     | Nexstar Media Group, Inc.                                             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      8911 | NS      | $1824705.47   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp.                             | QuidelOrtho Corp.                                                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      9263 | NS      | $793005.43    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                           | General Mills, Inc.                                                   | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     36161 | NS      | $2833575.96   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle, Inc.                      | Jones Lang LaSalle, Inc.                                              | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      6176 | NS      | $1141757.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica, Inc.                                | Comerica, Inc.                                                        | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     21087 | NS      | $1545887.97   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                      | Advance Auto Parts, Inc.                                              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      8220 | NS      | $1251741.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                 | Popular, Inc.                                                         | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     22295 | NS      | $1530328.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                | Coherent Corp.                                                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     16304 | NS      | $707593.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                      | Skyworks Solutions, Inc.                                              | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     20362 | NS      | $2233100.54   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.              | Old Republic International Corp.                                      | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     67400 | NS      | $1778686.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                              | Weyerhaeuser Co.                                                      | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     11305 | NS      | $389231.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                           | Rithm Capital Corp.                                                   | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    170556 | NS      | $1604931.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                           | Acuity Brands, Inc.                                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5594 | NS      | $1054580.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                         | Regency Centers Corp.                                                 | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     16250 | NS      | $1082737.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                            | Altria Group, Inc.                                                    | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     74962 | NS      | $3376288.48   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer, Inc.                             | PerkinElmer, Inc.                                                     | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      8576 | NS      | $1179457.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                        | General Dynamics Corp.                                                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     10701 | NS      | $2493975.06   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                            | Ralph Lauren Corp.                                                    | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     13489 | NS      | $1670612.65   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                                | Huntsman Corp.                                                        | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     55730 | NS      | $1766083.70   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.               | Universal Health Services, Inc., Class B                              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     10947 | NS      | $1622454.87   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource, Inc.                    | Builders FirstSource, Inc.                                            | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     15564 | NS      | $1240450.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                  | Ventas, Inc.                                                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     22235 | NS      | $1151995.35   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                       | Universal Display Corp.                                               | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7600 | NS      | $1007228.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                    | Axis Capital Holdings Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     14677 | NS      | $918339.89    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                     | Consolidated Edison, Inc.                                             | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     22303 | NS      | $2125698.93   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands, Inc.                           | Newell Brands, Inc.                                                   | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    121021 | NS      | $1931495.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                            | Southern Co. (The)                                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     32558 | NS      | $2203525.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                            | Kimco Realty Corp.                                                    | CUSIP: 49446R109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83147 | NS      | $1867481.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.               | Annaly Capital Management, Inc.                                       | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     80352 | NS      | $1885861.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                      | Diamondback Energy, Inc.                                              | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     12472 | NS      | $1822408.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                               | Citigroup, Inc.                                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     95585 | NS      | $4991448.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                               | Brunswick Corp.                                                       | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     11862 | NS      | $1000322.46   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                      | Cousins Properties, Inc.                                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     13791 | NS      | $378149.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                            | Ryder System, Inc.                                                    | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     17154 | NS      | $1619509.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                  | LyondellBasell Industries NV, Class A                                 | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |     22683 | NS      | $2193219.27   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp.                                    | News Corp., Class A                                                   | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     86426 | NS      | $1750990.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                         | Williams-Sonoma, Inc.                                                 | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     14277 | NS      | $1926538.38   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp.                               | TD SYNNEX Corp.                                                       | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     15505 | NS      | $1583835.75   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                        | Encompass Health Corp.                                                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     11383 | NS      | $710868.35    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                   | Prosperity Bancshares, Inc.                                           | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7804 | NS      | $592011.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                       | Columbia Sportswear Co.                                               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     10466 | NS      | $1003689.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos., Inc. (The)         | Interpublic Group of Cos., Inc. (The)                                 | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     54835 | NS      | $1999284.10   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                      | Darden Restaurants, Inc.                                              | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     13802 | NS      | $2042281.94   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                  | Invesco Ltd.                                                          | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |     86212 | NS      | $1595784.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                | Broadcom, Inc.                                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     15430 | NS      | $9026704.30   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT, Inc.                                     | ADT, Inc.                                                             | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93462 | NS      | $821530.98    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                               | Gap, Inc. (The)                                                       | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    101226 | NS      | $1373636.82   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp.                                | Teradata Corp.                                                        | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     28359 | NS      | $989161.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                      | Roper Technologies, Inc.                                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      5078 | NS      | $2167036.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                           | Kilroy Realty Corp.                                                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     14581 | NS      | $598404.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                   | Amdocs Ltd.                                                           | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     19483 | NS      | $1791072.19   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                               | Whirlpool Corp.                                                       | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     11405 | NS      | $1774503.95   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WestRock Co.                                  | WestRock Co.                                                          | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |     45777 | NS      | $1796289.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                       | International Paper Co.                                               | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     43083 | NS      | $1801731.06   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                          | Meta Platforms, Inc., Class A                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     69418 | NS      | $10341199.46  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                 | Medtronic plc                                                         | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     53109 | NS      | $4444692.21   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                     | MDU Resources Group, Inc.                                             | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26682 | NS      | $824740.62    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                   | Capital One Financial Corp.                                           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     27233 | NS      | $3240727.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                              | Concentrix Corp.                                                      | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8595 | NS      | $1218856.95   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp.                                      | VF Corp.                                                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     26739 | NS      | $827304.66    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.             | Philip Morris International, Inc.                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     36872 | NS      | $3843537.28   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.            | Hawaiian Electric Industries, Inc.                                    | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     26346 | NS      | $1113645.42   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International, Inc.               | Robert Half International, Inc.                                       | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      9243 | NS      | $776042.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp.                            | Marathon Oil Corp.                                                    | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     23104 | NS      | $634666.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp.            | Marriott Vacations Worldwide Corp.                                    | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     10580 | NS      | $1693223.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                        | Keurig Dr Pepper, Inc.                                                | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     28808 | NS      | $1016346.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                 | Comcast Corp., Class A                                                | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     94994 | NS      | $3738013.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands, Inc.                          | Conagra Brands, Inc.                                                  | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     52785 | NS      | $1963074.15   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands, Inc.                             | Hanesbrands, Inc.                                                     | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    137534 | NS      | $1160786.96   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies, Inc.                      | Lumen Technologies, Inc.                                              | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    142036 | NS      | $745689.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp. of America Holdings          | Laboratory Corp. of America Holdings                                  | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      5346 | NS      | $1347833.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                    | US Bancorp                                                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     71422 | NS      | $3556815.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                     | PPL Corp.                                                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     71146 | NS      | $2105921.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard, Inc.                     | Activision Blizzard, Inc.                                             | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     41445 | NS      | $3173443.65   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                       | Synovus Financial Corp.                                               | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     38529 | NS      | $1616291.55   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                  | Macy's, Inc.                                                          | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     69045 | NS      | $1631533.35   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                                  | Azenta, Inc.                                                          | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     15036 | NS      | $840512.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. plc                               | Perrigo Co. plc                                                       | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |      8982 | NS      | $336106.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                       | KeyCorp                                                               | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    107187 | NS      | $2056918.53   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                           | Cisco Systems, Inc.                                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    129300 | NS      | $6293031.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp.                        | Antero Midstream Corp.                                                | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135123 | NS      | $1472840.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co.                          | Travel + Leisure Co.                                                  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     33233 | NS      | $1408082.21   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                                 | Corning, Inc.                                                         | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     65253 | NS      | $2258406.33   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR, Inc.                                     | KBR, Inc.                                                             | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     17362 | NS      | $889455.26    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                           | Fifth Third Bancorp                                                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     60808 | NS      | $2206722.32   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                             | FirstEnergy Corp.                                                     | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     34878 | NS      | $1428254.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs, Inc.                        | Cleveland-Cliffs, Inc.                                                | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     58576 | NS      | $1250597.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.          | Cognizant Technology Solutions Corp., Class A                         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     39837 | NS      | $2659119.75   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp.                                 | Oshkosh Corp.                                                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      8044 | NS      | $810674.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.           | Huntington Ingalls Industries, Inc.                                   | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      4852 | NS      | $1070060.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp.                                    | AGCO Corp.                                                            | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     11948 | NS      | $1650377.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HP, Inc.                                      | HP, Inc.                                                              | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     77528 | NS      | $2259165.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                           | Post Holdings, Inc.                                                   | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     12475 | NS      | $1184501.25   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                          | Analog Devices, Inc.                                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     25784 | NS      | $4421182.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                  | Kohl's Corp.                                                          | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     48612 | NS      | $1573570.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National, Inc.                      | Schneider National, Inc., Class B                                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     30338 | NS      | $803957.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                            | Chemours Co. (The)                                                    | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     31154 | NS      | $1133694.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                       | Applied Materials, Inc.                                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     42419 | NS      | $4729294.31   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                  | Exelon Corp.                                                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     19597 | NS      | $826797.43    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                 | Chevron Corp.                                                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37249 | NS      | $6482070.98   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp.                                   | Cigna Corp.                                                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     14539 | NS      | $4604065.13   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                       | Mohawk Industries, Inc.                                               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      1661 | NS      | $199419.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, Inc.                                      | F5, Inc.                                                              | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      6832 | NS      | $1008813.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                  | Target Corp.                                                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      7396 | NS      | $1273147.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                  | Stanley Black & Decker, Inc.                                          | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     12529 | NS      | $1118964.99   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                  | Zimmer Biomet Holdings, Inc.                                          | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     10430 | NS      | $1328156.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co.                             | Campbell Soup Co.                                                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     32521 | NS      | $1688815.53   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp.                           | BOK Financial Corp.                                                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      7336 | NS      | $737268.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                         | MKS Instruments, Inc.                                                 | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     12928 | NS      | $1322792.96   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |   2300030 | NS      | $2300030.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     33019 | NS      | $1358731.85   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                  | Lennar Corp., Class A                                                 | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     24381 | NS      | $2496614.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                | Wyndham Hotels & Resorts, Inc.                                        | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     12877 | NS      | $998096.27    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                              | Paramount Global, Class B                                             | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     88495 | NS      | $2049544.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                             | Tyson Foods, Inc., Class A                                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     27537 | NS      | $1810557.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co., Inc.               | MSC Industrial Direct Co., Inc., Class A                              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     15765 | NS      | $1303765.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                     | Akamai Technologies, Inc.                                             | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     14504 | NS      | $1290130.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co.                 | Reliance Steel & Aluminum Co.                                         | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      8553 | NS      | $1945379.85   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                       | Micron Technology, Inc.                                               | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     62440 | NS      | $3765132.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris, Inc.                                 | Viatris, Inc.                                                         | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    151155 | NS      | $1838044.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.      | Science Applications International Corp.                              | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     14689 | NS      | $1524424.42   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                       | DuPont de Nemours, Inc.                                               | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     36566 | NS      | $2704055.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                             | Caterpillar, Inc.                                                     | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     21964 | NS      | $5541297.56   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group plc                     | Janus Henderson Group plc                                             | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | JE        |     17156 | NS      | $444683.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings, Inc.              | SS&C Technologies Holdings, Inc.                                      | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     33727 | NS      | $2035424.45   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                   | L3Harris Technologies, Inc.                                           | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     10516 | NS      | $2259047.12   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Corp.                         | Umpqua Holdings Corp.                                                 | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |     51094 | NS      | $929910.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                               | Welltower, Inc.                                                       | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     21860 | NS      | $1640374.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy, Inc.                          | Coterra Energy, Inc.                                                  | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     78037 | NS      | $1953266.11   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.                 | Penske Automotive Group, Inc.                                         | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     12099 | NS      | $1546494.18   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                        | Norfolk Southern Corp.                                                | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     11778 | NS      | $2895150.18   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries, Inc.                         | Thor Industries, Inc.                                                 | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     17356 | NS      | $1654547.48   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom, Inc.                               | Nordstrom, Inc.                                                       | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |     73446 | NS      | $1435134.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Lear Corp.                                    | Lear Corp.                                                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     12100 | NS      | $1763938.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow, Inc.                                     | Dow, Inc.                                                             | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     42654 | NS      | $2531514.90   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Amcor plc                                     | Amcor plc                                                             | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | JE        |    100197 | NS      | $1208375.82   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment, Inc.                      | Penn Entertainment, Inc.                                              | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11254 | NS      | $398954.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                        | Truist Financial Corp.                                                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     76565 | NS      | $3781545.35   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                   | Dick's Sporting Goods, Inc.                                           | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     13729 | NS      | $1795204.04   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp.                | First American Financial Corp.                                        | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     29777 | NS      | $1842302.99   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                                 | Hubbell, Inc.                                                         | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      7498 | NS      | $1716367.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co. (The)                       | Western Union Co. (The)                                               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    106466 | NS      | $1508623.22   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Knight, Inc.                            | Black Knight, Inc.                                                    | CUSIP: 09215C105<br>LEI: 549300TUSNXS3BFFML48 | Long             | EC               | CORP              | US        |     12878 | NS      | $780278.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                  | Verizon Communications, Inc.                                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      6858 | NS      | $285087.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties, Inc.              | National Retail Properties, Inc.                                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     21641 | NS      | $1024701.35   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co.                                   | Kellogg Co.                                                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     17835 | NS      | $1223124.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                     | MGM Resorts International                                             | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     48747 | NS      | $2018613.27   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                      | Franklin Resources, Inc.                                              | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     62060 | NS      | $1936272.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                              | AutoNation, Inc.                                                      | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12696 | NS      | $1608837.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                                  | Humana, Inc.                                                          | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      6265 | NS      | $3205800.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.               | Principal Financial Group, Inc.                                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     23474 | NS      | $2172518.70   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                   | Amgen, Inc.                                                           | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     18191 | NS      | $4591408.40   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                               | Microsoft Corp.                                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     49308 | NS      | $12219015.48  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron, Inc.                                 | Textron, Inc.                                                         | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     18627 | NS      | $1356976.95   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.                       | Quest Diagnostics, Inc.                                               | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     13289 | NS      | $1973150.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co.                     | Molson Coors Beverage Co., Class B                                    | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     31191 | NS      | $1640022.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co.                            | DXC Technology Co.                                                    | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     44656 | NS      | $1282966.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                   | Avnet, Inc.                                                           | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     33774 | NS      | $1549551.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                  | Evergy, Inc.                                                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     18967 | NS      | $1188282.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)           | Bank of New York Mellon Corp. (The)                                   | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     55914 | NS      | $2827570.98   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup, Inc.                           | ManpowerGroup, Inc.                                                   | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     17755 | NS      | $1547525.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp.                                     | CDW Corp.                                                             | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     11296 | NS      | $2214354.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                          | Emerson Electric Co.                                                  | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     30029 | NS      | $2709216.38   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors, Inc.                           | Lithia Motors, Inc., Class A                                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      6075 | NS      | $1598940.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                        | 3M Co.                                                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     22674 | NS      | $2609323.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                                | Tapestry, Inc.                                                        | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     44358 | NS      | $2021394.06   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        |    410477 | NS      | $410476.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp.                         | AGNC Investment Corp.                                                 | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    109588 | NS      | $1271220.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Hasbro, Inc.                                  | Hasbro, Inc.                                                          | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     19967 | NS      | $1181447.39   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                             | Boyd Gaming Corp.                                                     | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     26054 | NS      | $1623424.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                        | OneMain Holdings, Inc.                                                | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     39409 | NS      | $1700104.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                   | Pinnacle West Capital Corp.                                           | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     21403 | NS      | $1595593.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp.                   | Raytheon Technologies Corp.                                           | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     34498 | NS      | $3444625.30   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                    | Unum Group                                                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     39458 | NS      | $1658419.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     19504 | NS      | $1241429.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                         | Elevance Health, Inc.                                                 | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     10899 | NS      | $5449391.01   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                            | State Street Corp.                                                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     30469 | NS      | $2782733.77   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co. (The)                             | Wendy's Co. (The)                                                     | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     66930 | NS      | $1492539.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                           | Omnicom Group, Inc.                                                   | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     24757 | NS      | $2128854.43   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                          | Vornado Realty Trust                                                  | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54803 | NS      | $1336645.17   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings, Inc.               | Dun & Bradstreet Holdings, Inc.                                       | CUSIP: 26484T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52040 | NS      | $762386.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                        | ON Semiconductor Corp.                                                | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     34230 | NS      | $2514193.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| National Instruments Corp.                    | National Instruments Corp.                                            | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |     23196 | NS      | $1252584.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                       | Arrow Electronics, Inc.                                               | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     12968 | NS      | $1523610.32   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corp.                     | United States Steel Corp.                                             | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |     39368 | NS      | $1121594.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                           | Union Pacific Corp.                                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     18706 | NS      | $3819578.14   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Inc.            | Reinsurance Group of America, Inc.                                    | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      8072 | NS      | $1225087.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                      | Marathon Petroleum Corp.                                              | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     12532 | NS      | $1610612.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                            | U-Haul Holding Co.                                                    | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      1124 | NS      | $75341.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| PACCAR, Inc.                                  | PACCAR, Inc.                                                          | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     22580 | NS      | $2468219.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                         | Western Digital Corp.                                                 | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     37346 | NS      | $1641356.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                  | NetApp, Inc.                                                          | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     26337 | NS      | $1744299.51   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                   | Qorvo, Inc.                                                           | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     12885 | NS      | $1400084.10   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp.                                     | FNB Corp.                                                             | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    112989 | NS      | $1612353.03   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.           | Allison Transmission Holdings, Inc.                                   | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     34502 | NS      | $1555350.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.            | American International Group, Inc.                                    | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     47506 | NS      | $3003329.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                         | Gilead Sciences, Inc.                                                 | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     50636 | NS      | $4250385.84   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                             | Duke Energy Corp.                                                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     37848 | NS      | $3877527.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | S&P 500 E-Mini Index                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $23595.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                      | UnitedHealth Group, Inc.                                              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     26335 | NS      | $13146168.65  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                            | General Motors Co.                                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     83145 | NS      | $3269261.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International, Inc.                      | CACI International, Inc., Class A                                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5254 | NS      | $1618704.86   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                                   | FedEx Corp.                                                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     15851 | NS      | $3072874.86   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                   | Dover Corp.                                                           | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     12862 | NS      | $1952837.46   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.                | Medical Properties Trust, Inc.                                        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    128217 | NS      | $1660410.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Avangrid, Inc.                                | Avangrid, Inc.                                                        | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               | CORP              | US        |     18609 | NS      | $784741.53    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                         | Parker-Hannifin Corp.                                                 | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      8924 | NS      | $2909224.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                    | Highwoods Properties, Inc.                                            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     37482 | NS      | $1138328.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                     | PVH Corp.                                                             | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     21494 | NS      | $1932310.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                            | Cirrus Logic, Inc.                                                    | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     12472 | NS      | $1127344.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                           | Kinder Morgan, Inc.                                                   | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    139389 | NS      | $2550818.70   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                         | Leidos Holdings, Inc.                                                 | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     17376 | NS      | $1717443.84   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                            | DT Midstream, Inc.                                                    | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10038 | NS      | $548677.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                       | Bath & Body Works, Inc.                                               | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     23127 | NS      | $1064073.27   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup, Inc.                              | PulteGroup, Inc.                                                      | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39267 | NS      | $2233899.63   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                         | Dominion Energy, Inc.                                                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      7608 | NS      | $484173.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt, Inc.                         | Leggett & Platt, Inc.                                                 | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     44303 | NS      | $1619717.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                              | CVS Health Corp.                                                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     56041 | NS      | $4943937.02   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                         | Silgan Holdings, Inc.                                                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     26576 | NS      | $1432180.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner, Inc.                              | BorgWarner, Inc.                                                      | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     40898 | NS      | $1933657.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group, Inc. (The)                     | Carlyle Group, Inc. (The)                                             | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     51562 | NS      | $1854685.14   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies, Inc.                       | Dell Technologies, Inc., Class C                                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     25247 | NS      | $1025533.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                                | QUALCOMM, Inc.                                                        | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     47523 | NS      | $6330538.83   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                            | Lam Research Corp.                                                    | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      7701 | NS      | $3851270.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian, Inc.                          | First Hawaiian, Inc.                                                  | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     37860 | NS      | $1038878.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                              | NRG Energy, Inc.                                                      | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     40036 | NS      | $1370031.92   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                 | Centene Corp.                                                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     27671 | NS      | $2109637.04   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                | Ford Motor Co.                                                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    234609 | NS      | $3169567.59   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                | Citizens Financial Group, Inc.                                        | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     50259 | NS      | $2177219.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group, Inc.                      | Berry Global Group, Inc.                                              | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |     15820 | NS      | $976568.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                  | Brixmor Property Group, Inc.                                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |      2051 | NS      | $48260.03     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America                    | Packaging Corp. of America                                            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     13327 | NS      | $1901762.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                       | Texas Instruments, Inc.                                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     38664 | NS      | $6851647.44   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                              | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     16756 | NS      | $1542892.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                              | Salesforce, Inc.                                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     32323 | NS      | $5429294.31   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc.  | Fidelity National Information Services, Inc.                          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     12106 | NS      | $908434.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                   | Garmin Ltd.                                                           | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |     15720 | NS      | $1554393.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton, Inc.                               | DR Horton, Inc.                                                       | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     27150 | NS      | $2679433.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co.                       | Victoria's Secret & Co.                                               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     34441 | NS      | $1451688.15   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                         | National Fuel Gas Co.                                                 | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     13909 | NS      | $807556.54    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                               | H&R Block, Inc.                                                       | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     32594 | NS      | $1270514.12   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp. International                   | Service Corp. International                                           | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     24857 | NS      | $1843146.55   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.               | Jefferies Financial Group, Inc.                                       | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     43973 | NS      | $1727259.44   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp.-Liberty SiriusXM          | Liberty Media Corp.-Liberty SiriusXM, Class C                         | CUSIP: 531229607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21643 | NS      | $872212.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                    | eBay, Inc.                                                            | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     48815 | NS      | $2416342.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                            | Best Buy Co., Inc.                                                    | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     23069 | NS      | $2046681.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer