# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001879
**Filing Date:** 2025-9
**Character Count:** 195280
**Document Hash:** fe5c0dc86188be447f5bb7657e39cdcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001879.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001879

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 251341895

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**JPMorgan International Value ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 97.5%** | **Common Stocks — 97.5%** | **Common Stocks — 97.5%** |
| **Australia — 3.0%** | **Australia — 3.0%** | **Australia — 3.0%** |
| &nbsp;&nbsp;&nbsp; AGL Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 120010 | &nbsp;&nbsp;&nbsp;&nbsp; 747914 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 203541 | &nbsp;&nbsp;&nbsp;&nbsp; 5140476 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 106184 | &nbsp;&nbsp;&nbsp;&nbsp; 1201394 |
| &nbsp;&nbsp;&nbsp; Perseus Mining Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 617992 | &nbsp;&nbsp;&nbsp;&nbsp; 1290187 |
| &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 81285 | &nbsp;&nbsp;&nbsp;&nbsp; 1205800 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp; 67313 | &nbsp;&nbsp;&nbsp;&nbsp; 4009124 |
| &nbsp;&nbsp;&nbsp; Ventia Services Group Pty. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 350700 | &nbsp;&nbsp;&nbsp;&nbsp; 1167757 |
| &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 205648 | &nbsp;&nbsp;&nbsp;&nbsp; 830561 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15593213 |
| **Austria — 1.2%** | **Austria — 1.2%** | **Austria — 1.2%** |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (b) | &nbsp;&nbsp;&nbsp;&nbsp; 7654 | &nbsp;&nbsp;&nbsp;&nbsp; 965993 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 21140 | &nbsp;&nbsp;&nbsp;&nbsp; 1933125 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp;&nbsp;&nbsp; 23099 | &nbsp;&nbsp;&nbsp;&nbsp; 1176395 |
| &nbsp;&nbsp;&nbsp; Telekom Austria AG | &nbsp;&nbsp;&nbsp;&nbsp; 94492 | &nbsp;&nbsp;&nbsp;&nbsp; 1002859 |
| &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG Wiener Versicherung Gruppe | &nbsp;&nbsp;&nbsp;&nbsp; 22207 | &nbsp;&nbsp;&nbsp;&nbsp; 1171746 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6250118 |
| **Belgium — 1.1%** | **Belgium — 1.1%** | **Belgium — 1.1%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp; 20097 | &nbsp;&nbsp;&nbsp;&nbsp; 1366442 |
| &nbsp;&nbsp;&nbsp; Deme Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 4685 | &nbsp;&nbsp;&nbsp;&nbsp; 701200 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 15447 | &nbsp;&nbsp;&nbsp;&nbsp; 1611184 |
| &nbsp;&nbsp;&nbsp; Proximus SADP | &nbsp;&nbsp;&nbsp;&nbsp; 88618 | &nbsp;&nbsp;&nbsp;&nbsp; 736304 |
| &nbsp;&nbsp;&nbsp; Umicore SA | &nbsp;&nbsp;&nbsp;&nbsp; 70487 | &nbsp;&nbsp;&nbsp;&nbsp; 1113961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5529091 |
| **Brazil — 1.9%** | **Brazil — 1.9%** | **Brazil — 1.9%** |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 253723 | &nbsp;&nbsp;&nbsp;&nbsp; 896258 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 553506 | &nbsp;&nbsp;&nbsp;&nbsp; 1012207 |
| &nbsp;&nbsp;&nbsp; Gerdau SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 280791 | &nbsp;&nbsp;&nbsp;&nbsp; 842942 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp; 288608 | &nbsp;&nbsp;&nbsp;&nbsp; 834969 |
| &nbsp;&nbsp;&nbsp; Marcopolo SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 612623 | &nbsp;&nbsp;&nbsp;&nbsp; 902598 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 481615 | &nbsp;&nbsp;&nbsp;&nbsp; 2799612 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp; 245810 | &nbsp;&nbsp;&nbsp;&nbsp; 905619 |
| &nbsp;&nbsp;&nbsp; Vale SA | &nbsp;&nbsp;&nbsp;&nbsp; 200809 | &nbsp;&nbsp;&nbsp;&nbsp; 1911066 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10105271 |
| **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** |
| &nbsp;&nbsp;&nbsp; IAMGOLD Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 173854 | &nbsp;&nbsp;&nbsp;&nbsp; 1174418 |
| **Canada — 4.1%** | **Canada — 4.1%** | **Canada — 4.1%** |
| &nbsp;&nbsp;&nbsp; Air Canada \* | &nbsp;&nbsp;&nbsp;&nbsp; 71410 | &nbsp;&nbsp;&nbsp;&nbsp; 994669 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) | &nbsp;&nbsp;&nbsp;&nbsp; 52039 | &nbsp;&nbsp;&nbsp;&nbsp; 2895270 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce | &nbsp;&nbsp;&nbsp;&nbsp; 41280 | &nbsp;&nbsp;&nbsp;&nbsp; 2950316 |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 46974 | &nbsp;&nbsp;&nbsp;&nbsp; 1486922 |
| &nbsp;&nbsp;&nbsp; Dundee Precious Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 90627 | &nbsp;&nbsp;&nbsp;&nbsp; 1465102 |
| &nbsp;&nbsp;&nbsp; EQB, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11842 | &nbsp;&nbsp;&nbsp;&nbsp; 880287 |
| &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 872 | &nbsp;&nbsp;&nbsp;&nbsp; 1542337 |
| &nbsp;&nbsp;&nbsp; First Capital REIT, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 48601 | &nbsp;&nbsp;&nbsp;&nbsp; 652059 |
| &nbsp;&nbsp;&nbsp; Manulife Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 94498 | &nbsp;&nbsp;&nbsp;&nbsp; 2923737 |
| &nbsp;&nbsp;&nbsp; NuVista Energy Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 106801 | &nbsp;&nbsp;&nbsp;&nbsp; 1128440 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Canada — continued** | **Canada — continued** | **Canada — continued** |
| &nbsp;&nbsp;&nbsp; Russel Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32102 | &nbsp;&nbsp;&nbsp;&nbsp; 1028209 |
| &nbsp;&nbsp;&nbsp; Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 44857 | &nbsp;&nbsp;&nbsp;&nbsp; 1769223 |
| &nbsp;&nbsp;&nbsp; Whitecap Resources, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 196959 | &nbsp;&nbsp;&nbsp;&nbsp; 1486859 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21203430 |
| **China — 8.6%** | **China — 8.6%** | **China — 8.6%** |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2280000 | &nbsp;&nbsp;&nbsp;&nbsp; 1493665 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 392100 | &nbsp;&nbsp;&nbsp;&nbsp; 5895137 |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 252500 | &nbsp;&nbsp;&nbsp;&nbsp; 1133790 |
| &nbsp;&nbsp;&nbsp; China Coal Energy Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 947000 | &nbsp;&nbsp;&nbsp;&nbsp; 1163587 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1790000 | &nbsp;&nbsp;&nbsp;&nbsp; 1042566 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2713000 | &nbsp;&nbsp;&nbsp;&nbsp; 2774866 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1427000 | &nbsp;&nbsp;&nbsp;&nbsp; 848353 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 626000 | &nbsp;&nbsp;&nbsp;&nbsp; 1651324 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1297829 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 452200 | &nbsp;&nbsp;&nbsp;&nbsp; 1821199 |
| &nbsp;&nbsp;&nbsp; China Resources Pharmaceutical Group Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1174500 | &nbsp;&nbsp;&nbsp;&nbsp; 820182 |
| &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1194000 | &nbsp;&nbsp;&nbsp;&nbsp; 1355350 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 592000 | &nbsp;&nbsp;&nbsp;&nbsp; 1327867 |
| &nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 194700 | &nbsp;&nbsp;&nbsp;&nbsp; 1230488 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 394200 | &nbsp;&nbsp;&nbsp;&nbsp; 958708 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2051000 | &nbsp;&nbsp;&nbsp;&nbsp; 1571528 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 142850 | &nbsp;&nbsp;&nbsp;&nbsp; 2251594 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1188000 | &nbsp;&nbsp;&nbsp;&nbsp; 1144461 |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 864000 | &nbsp;&nbsp;&nbsp;&nbsp; 1107864 |
| &nbsp;&nbsp;&nbsp; Livzon Pharmaceutical Group, Inc., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 271600 | &nbsp;&nbsp;&nbsp;&nbsp; 1300067 |
| &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China Ltd. (The), Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2441000 | &nbsp;&nbsp;&nbsp;&nbsp; 1875343 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1892000 | &nbsp;&nbsp;&nbsp;&nbsp; 1848922 |
| &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 604000 | &nbsp;&nbsp;&nbsp;&nbsp; 1253652 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 312500 | &nbsp;&nbsp;&nbsp;&nbsp; 2145426 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 394000 | &nbsp;&nbsp;&nbsp;&nbsp; 1200736 |
| &nbsp;&nbsp;&nbsp; Vipshop Holdings Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 79350 | &nbsp;&nbsp;&nbsp;&nbsp; 1197392 |
| &nbsp;&nbsp;&nbsp; Weichai Power Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 953940 |
| &nbsp;&nbsp;&nbsp; Xtep International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1085500 | &nbsp;&nbsp;&nbsp;&nbsp; 777175 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 601000 | &nbsp;&nbsp;&nbsp;&nbsp; 1178819 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 44621830 |
| **Denmark — 1.0%** | **Denmark — 1.0%** | **Denmark — 1.0%** |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 48758 | &nbsp;&nbsp;&nbsp;&nbsp; 1934302 |
| &nbsp;&nbsp;&nbsp; H Lundbeck A/S | &nbsp;&nbsp;&nbsp;&nbsp; 227523 | &nbsp;&nbsp;&nbsp;&nbsp; 1185340 |
| &nbsp;&nbsp;&nbsp; ISS A/S | &nbsp;&nbsp;&nbsp;&nbsp; 33006 | &nbsp;&nbsp;&nbsp;&nbsp; 948802 |
| &nbsp;&nbsp;&nbsp; Sydbank A/S | &nbsp;&nbsp;&nbsp;&nbsp; 14105 | &nbsp;&nbsp;&nbsp;&nbsp; 1045000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5113444 |
| **Finland — 0.7%** | **Finland — 0.7%** | **Finland — 0.7%** |
| &nbsp;&nbsp;&nbsp; Nokia OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 346049 | &nbsp;&nbsp;&nbsp;&nbsp; 1410271 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp;&nbsp; 169199 | &nbsp;&nbsp;&nbsp;&nbsp; 2468916 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3879187 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — 5.5%** | **France — 5.5%** | **France — 5.5%** |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp;&nbsp; 76995 | &nbsp;&nbsp;&nbsp;&nbsp; 3739586 |
| &nbsp;&nbsp;&nbsp; Ayvens SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 77778 | &nbsp;&nbsp;&nbsp;&nbsp; 835764 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 43605 | &nbsp;&nbsp;&nbsp;&nbsp; 3975829 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp; 43560 | &nbsp;&nbsp;&nbsp;&nbsp; 1549713 |
| &nbsp;&nbsp;&nbsp; Covivio SA, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 13981 | &nbsp;&nbsp;&nbsp;&nbsp; 905156 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp;&nbsp;&nbsp; 77849 | &nbsp;&nbsp;&nbsp;&nbsp; 1432774 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp; 10352 | &nbsp;&nbsp;&nbsp;&nbsp; 1389605 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp;&nbsp;&nbsp; 102602 | &nbsp;&nbsp;&nbsp;&nbsp; 2306312 |
| &nbsp;&nbsp;&nbsp; Forvia SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 41901 | &nbsp;&nbsp;&nbsp;&nbsp; 532698 |
| &nbsp;&nbsp;&nbsp; IPSOS SA | &nbsp;&nbsp;&nbsp;&nbsp; 16239 | &nbsp;&nbsp;&nbsp;&nbsp; 729170 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp;&nbsp;&nbsp; 114937 | &nbsp;&nbsp;&nbsp;&nbsp; 1748316 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 41425 | &nbsp;&nbsp;&nbsp;&nbsp; 2644099 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp; 81909 | &nbsp;&nbsp;&nbsp;&nbsp; 4870760 |
| &nbsp;&nbsp;&nbsp; Vallourec SACA | &nbsp;&nbsp;&nbsp;&nbsp; 42738 | &nbsp;&nbsp;&nbsp;&nbsp; 798734 |
| &nbsp;&nbsp;&nbsp; Vicat SACA | &nbsp;&nbsp;&nbsp;&nbsp; 16786 | &nbsp;&nbsp;&nbsp;&nbsp; 1087125 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28545641 |
| **Georgia — 0.2%** | **Georgia — 0.2%** | **Georgia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Lion Finance Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 11239 | &nbsp;&nbsp;&nbsp;&nbsp; 1126758 |
| **Germany — 7.0%** | **Germany — 7.0%** | **Germany — 7.0%** |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 15259 | &nbsp;&nbsp;&nbsp;&nbsp; 6030022 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 57249 | &nbsp;&nbsp;&nbsp;&nbsp; 1780544 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp; 10238 | &nbsp;&nbsp;&nbsp;&nbsp; 974161 |
| &nbsp;&nbsp;&nbsp; Bilfinger SE | &nbsp;&nbsp;&nbsp;&nbsp; 11386 | &nbsp;&nbsp;&nbsp;&nbsp; 1224967 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG | &nbsp;&nbsp;&nbsp;&nbsp; 52858 | &nbsp;&nbsp;&nbsp;&nbsp; 1927513 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp;&nbsp;&nbsp; 12190 | &nbsp;&nbsp;&nbsp;&nbsp; 1041156 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 89058 | &nbsp;&nbsp;&nbsp;&nbsp; 2933262 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 121923 | &nbsp;&nbsp;&nbsp;&nbsp; 4372881 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp; 86388 | &nbsp;&nbsp;&nbsp;&nbsp; 1575998 |
| &nbsp;&nbsp;&nbsp; Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp; 23846 | &nbsp;&nbsp;&nbsp;&nbsp; 773394 |
| &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp; 32541 | &nbsp;&nbsp;&nbsp;&nbsp; 1553204 |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | &nbsp;&nbsp;&nbsp;&nbsp; 4552 | &nbsp;&nbsp;&nbsp;&nbsp; 1050122 |
| &nbsp;&nbsp;&nbsp; Hornbach Holding AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp; 7651 | &nbsp;&nbsp;&nbsp;&nbsp; 899634 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 37248 | &nbsp;&nbsp;&nbsp;&nbsp; 2108992 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 5701 | &nbsp;&nbsp;&nbsp;&nbsp; 3732280 |
| &nbsp;&nbsp;&nbsp; ProSiebenSat.1 Media SE | &nbsp;&nbsp;&nbsp;&nbsp; 98553 | &nbsp;&nbsp;&nbsp;&nbsp; 898320 |
| &nbsp;&nbsp;&nbsp; SAF-Holland SE | &nbsp;&nbsp;&nbsp;&nbsp; 38980 | &nbsp;&nbsp;&nbsp;&nbsp; 703166 |
| &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 12599 | &nbsp;&nbsp;&nbsp;&nbsp; 1317425 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp;&nbsp;&nbsp; 42758 | &nbsp;&nbsp;&nbsp;&nbsp; 1327020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 36224061 |
| **Greece — 0.6%** | **Greece — 0.6%** | **Greece — 0.6%** |
| &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and Holdings SA | &nbsp;&nbsp;&nbsp;&nbsp; 245689 | &nbsp;&nbsp;&nbsp;&nbsp; 901769 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp; 54745 | &nbsp;&nbsp;&nbsp;&nbsp; 993352 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp;&nbsp;&nbsp; 82914 | &nbsp;&nbsp;&nbsp;&nbsp; 1156531 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3051652 |
| **Guatemala — 0.3%** | **Guatemala — 0.3%** | **Guatemala — 0.3%** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 31946 | &nbsp;&nbsp;&nbsp;&nbsp; 1282632 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hong Kong — 1.7%** | **Hong Kong — 1.7%** | **Hong Kong — 1.7%** |
| &nbsp;&nbsp;&nbsp; Cathay Pacific Airways Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 891790 |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 231500 | &nbsp;&nbsp;&nbsp;&nbsp; 1060780 |
| &nbsp;&nbsp;&nbsp; Hysan Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 403000 | &nbsp;&nbsp;&nbsp;&nbsp; 801911 |
| &nbsp;&nbsp;&nbsp; Kerry Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 426000 | &nbsp;&nbsp;&nbsp;&nbsp; 1137464 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 152166 | &nbsp;&nbsp;&nbsp;&nbsp; 1930406 |
| &nbsp;&nbsp;&nbsp; Swire Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 327200 | &nbsp;&nbsp;&nbsp;&nbsp; 876965 |
| &nbsp;&nbsp;&nbsp; United Laboratories International Holdings Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 626000 | &nbsp;&nbsp;&nbsp;&nbsp; 1173470 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 1046500 | &nbsp;&nbsp;&nbsp;&nbsp; 1047691 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8920477 |
| **Hungary — 0.8%** | **Hungary — 0.8%** | **Hungary — 0.8%** |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp;&nbsp; 135134 | &nbsp;&nbsp;&nbsp;&nbsp; 1174115 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 21326 | &nbsp;&nbsp;&nbsp;&nbsp; 1730518 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 37559 | &nbsp;&nbsp;&nbsp;&nbsp; 1127350 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4031983 |
| **India — 2.1%** | **India — 2.1%** | **India — 2.1%** |
| &nbsp;&nbsp;&nbsp; Bank of Baroda | &nbsp;&nbsp;&nbsp;&nbsp; 352858 | &nbsp;&nbsp;&nbsp;&nbsp; 953452 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 322075 | &nbsp;&nbsp;&nbsp;&nbsp; 1203574 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp;&nbsp;&nbsp; 755177 | &nbsp;&nbsp;&nbsp;&nbsp; 919033 |
| &nbsp;&nbsp;&nbsp; Coal India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 276459 | &nbsp;&nbsp;&nbsp;&nbsp; 1182262 |
| &nbsp;&nbsp;&nbsp; GAIL India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 377698 | &nbsp;&nbsp;&nbsp;&nbsp; 760839 |
| &nbsp;&nbsp;&nbsp; Mahanagar Gas Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 45406 | &nbsp;&nbsp;&nbsp;&nbsp; 699338 |
| &nbsp;&nbsp;&nbsp; National Aluminium Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 461048 | &nbsp;&nbsp;&nbsp;&nbsp; 967095 |
| &nbsp;&nbsp;&nbsp; NMDC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1195635 | &nbsp;&nbsp;&nbsp;&nbsp; 960988 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 245463 | &nbsp;&nbsp;&nbsp;&nbsp; 804738 |
| &nbsp;&nbsp;&nbsp; Sun TV Network Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 91375 | &nbsp;&nbsp;&nbsp;&nbsp; 584773 |
| &nbsp;&nbsp;&nbsp; Tata Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 142923 | &nbsp;&nbsp;&nbsp;&nbsp; 1080308 |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 195071 | &nbsp;&nbsp;&nbsp;&nbsp; 942069 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11058469 |
| **Indonesia — 1.2%** | **Indonesia — 1.2%** | **Indonesia — 1.2%** |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 4154500 | &nbsp;&nbsp;&nbsp;&nbsp; 1284241 |
| &nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 3359500 | &nbsp;&nbsp;&nbsp;&nbsp; 914560 |
| &nbsp;&nbsp;&nbsp; First Pacific Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 954000 | &nbsp;&nbsp;&nbsp;&nbsp; 750632 |
| &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2090000 | &nbsp;&nbsp;&nbsp;&nbsp; 1079183 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 6119400 | &nbsp;&nbsp;&nbsp;&nbsp; 1074536 |
| &nbsp;&nbsp;&nbsp; United Tractors Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 796700 | &nbsp;&nbsp;&nbsp;&nbsp; 1167419 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6270571 |
| **Ireland — 1.6%** | **Ireland — 1.6%** | **Ireland — 1.6%** |
| &nbsp;&nbsp;&nbsp; AerCap Holdings NV | &nbsp;&nbsp;&nbsp;&nbsp; 13252 | &nbsp;&nbsp;&nbsp;&nbsp; 1421277 |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 173146 | &nbsp;&nbsp;&nbsp;&nbsp; 1365889 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 87886 | &nbsp;&nbsp;&nbsp;&nbsp; 1178550 |
| &nbsp;&nbsp;&nbsp; Cairn Homes plc | &nbsp;&nbsp;&nbsp;&nbsp; 384452 | &nbsp;&nbsp;&nbsp;&nbsp; 956446 |
| &nbsp;&nbsp;&nbsp; Glanbia plc | &nbsp;&nbsp;&nbsp;&nbsp; 81926 | &nbsp;&nbsp;&nbsp;&nbsp; 1190376 |
| &nbsp;&nbsp;&nbsp; Glenveagh Properties plc \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 434251 | &nbsp;&nbsp;&nbsp;&nbsp; 926200 |
| &nbsp;&nbsp;&nbsp; Greencore Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 350852 | &nbsp;&nbsp;&nbsp;&nbsp; 1190816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8229554 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Italy — 3.6%** | **Italy — 3.6%** | **Italy — 3.6%** |
| &nbsp;&nbsp;&nbsp; Azimut Holding SpA | &nbsp;&nbsp;&nbsp;&nbsp; 33297 | &nbsp;&nbsp;&nbsp;&nbsp; 1131849 |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;&nbsp;&nbsp; 104389 | &nbsp;&nbsp;&nbsp;&nbsp; 888708 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | &nbsp;&nbsp;&nbsp;&nbsp; 118061 | &nbsp;&nbsp;&nbsp;&nbsp; 1505652 |
| &nbsp;&nbsp;&nbsp; BFF Bank SpA \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 57449 | &nbsp;&nbsp;&nbsp;&nbsp; 682046 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA | &nbsp;&nbsp;&nbsp;&nbsp; 160495 | &nbsp;&nbsp;&nbsp;&nbsp; 1579355 |
| &nbsp;&nbsp;&nbsp; Danieli & C Officine Meccaniche SpA | &nbsp;&nbsp;&nbsp;&nbsp; 34498 | &nbsp;&nbsp;&nbsp;&nbsp; 1121596 |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp;&nbsp;&nbsp; 344401 | &nbsp;&nbsp;&nbsp;&nbsp; 3037029 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 600768 | &nbsp;&nbsp;&nbsp;&nbsp; 3619788 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp;&nbsp; 39111 | &nbsp;&nbsp;&nbsp;&nbsp; 2877547 |
| &nbsp;&nbsp;&nbsp; Unipol Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 68240 | &nbsp;&nbsp;&nbsp;&nbsp; 1368738 |
| &nbsp;&nbsp;&nbsp; Webuild SpA | &nbsp;&nbsp;&nbsp;&nbsp; 251699 | &nbsp;&nbsp;&nbsp;&nbsp; 1132810 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18945118 |
| **Japan — 14.3%** | **Japan — 14.3%** | **Japan — 14.3%** |
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 151400 | &nbsp;&nbsp;&nbsp;&nbsp; 1053405 |
| &nbsp;&nbsp;&nbsp; Cosmo Energy Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16100 | &nbsp;&nbsp;&nbsp;&nbsp; 714560 |
| &nbsp;&nbsp;&nbsp; Credit Saison Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 791506 |
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 208000 | &nbsp;&nbsp;&nbsp;&nbsp; 1645734 |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 224900 | &nbsp;&nbsp;&nbsp;&nbsp; 1180418 |
| &nbsp;&nbsp;&nbsp; Fuji Media Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61400 | &nbsp;&nbsp;&nbsp;&nbsp; 1447415 |
| &nbsp;&nbsp;&nbsp; Hakuhodo DY Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 93300 | &nbsp;&nbsp;&nbsp;&nbsp; 734219 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 101700 | &nbsp;&nbsp;&nbsp;&nbsp; 1448082 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 1153441 |
| &nbsp;&nbsp;&nbsp; Japan Airlines Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 50400 | &nbsp;&nbsp;&nbsp;&nbsp; 1000818 |
| &nbsp;&nbsp;&nbsp; Japan Airport Terminal Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 25100 | &nbsp;&nbsp;&nbsp;&nbsp; 762278 |
| &nbsp;&nbsp;&nbsp; Japan Petroleum Exploration Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 107700 | &nbsp;&nbsp;&nbsp;&nbsp; 782190 |
| &nbsp;&nbsp;&nbsp; Kamigumi Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 31700 | &nbsp;&nbsp;&nbsp;&nbsp; 890880 |
| &nbsp;&nbsp;&nbsp; Kandenko Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 45200 | &nbsp;&nbsp;&nbsp;&nbsp; 1070744 |
| &nbsp;&nbsp;&nbsp; Kansai Paint Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 54400 | &nbsp;&nbsp;&nbsp;&nbsp; 770299 |
| &nbsp;&nbsp;&nbsp; KDDI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 151900 | &nbsp;&nbsp;&nbsp;&nbsp; 2492924 |
| &nbsp;&nbsp;&nbsp; Komatsu Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 62200 | &nbsp;&nbsp;&nbsp;&nbsp; 2003953 |
| &nbsp;&nbsp;&nbsp; Kyocera Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 122400 | &nbsp;&nbsp;&nbsp;&nbsp; 1444855 |
| &nbsp;&nbsp;&nbsp; Marubeni Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 90100 | &nbsp;&nbsp;&nbsp;&nbsp; 1844685 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 421100 | &nbsp;&nbsp;&nbsp;&nbsp; 5803924 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 118400 | &nbsp;&nbsp;&nbsp;&nbsp; 2410227 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 103000 | &nbsp;&nbsp;&nbsp;&nbsp; 3021161 |
| &nbsp;&nbsp;&nbsp; Modec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30300 | &nbsp;&nbsp;&nbsp;&nbsp; 1290953 |
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 80500 | &nbsp;&nbsp;&nbsp;&nbsp; 1719970 |
| &nbsp;&nbsp;&nbsp; Nippon Yusen KK | &nbsp;&nbsp;&nbsp;&nbsp; 42600 | &nbsp;&nbsp;&nbsp;&nbsp; 1493973 |
| &nbsp;&nbsp;&nbsp; Niterra Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30100 | &nbsp;&nbsp;&nbsp;&nbsp; 1037659 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 259800 | &nbsp;&nbsp;&nbsp;&nbsp; 1716316 |
| &nbsp;&nbsp;&nbsp; Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 149000 | &nbsp;&nbsp;&nbsp;&nbsp; 825701 |
| &nbsp;&nbsp;&nbsp; Open House Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21100 | &nbsp;&nbsp;&nbsp;&nbsp; 933051 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 86200 | &nbsp;&nbsp;&nbsp;&nbsp; 1936314 |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 31900 | &nbsp;&nbsp;&nbsp;&nbsp; 807113 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 149900 | &nbsp;&nbsp;&nbsp;&nbsp; 1417952 |
| &nbsp;&nbsp;&nbsp; Sankyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 76600 | &nbsp;&nbsp;&nbsp;&nbsp; 1429379 |
| &nbsp;&nbsp;&nbsp; SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35800 | &nbsp;&nbsp;&nbsp;&nbsp; 1329894 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Sojitz Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30400 | &nbsp;&nbsp;&nbsp;&nbsp; 723516 |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 44100 | &nbsp;&nbsp;&nbsp;&nbsp; 1300379 |
| &nbsp;&nbsp;&nbsp; Sumitomo Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp; 1712505 |
| &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 90200 | &nbsp;&nbsp;&nbsp;&nbsp; 2238286 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 3783992 |
| &nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 44000 | &nbsp;&nbsp;&nbsp;&nbsp; 1607283 |
| &nbsp;&nbsp;&nbsp; Sumitomo Rubber Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 60100 | &nbsp;&nbsp;&nbsp;&nbsp; 686911 |
| &nbsp;&nbsp;&nbsp; T&D Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46900 | &nbsp;&nbsp;&nbsp;&nbsp; 1145239 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 59400 | &nbsp;&nbsp;&nbsp;&nbsp; 1631706 |
| &nbsp;&nbsp;&nbsp; TBS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp;&nbsp; 921036 |
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20800 | &nbsp;&nbsp;&nbsp;&nbsp; 696563 |
| &nbsp;&nbsp;&nbsp; Tokyo Tatemono Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 55800 | &nbsp;&nbsp;&nbsp;&nbsp; 933806 |
| &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 133100 | &nbsp;&nbsp;&nbsp;&nbsp; 938575 |
| &nbsp;&nbsp;&nbsp; Toyo Tire Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 43400 | &nbsp;&nbsp;&nbsp;&nbsp; 919258 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 64600 | &nbsp;&nbsp;&nbsp;&nbsp; 1149080 |
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 65300 | &nbsp;&nbsp;&nbsp;&nbsp; 1496567 |
| &nbsp;&nbsp;&nbsp; Tsubakimoto Chain Co. | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 1052687 |
| &nbsp;&nbsp;&nbsp; UACJ Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29700 | &nbsp;&nbsp;&nbsp;&nbsp; 1168752 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 74512134 |
| **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp; 175308 | &nbsp;&nbsp;&nbsp;&nbsp; 1561278 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 218852 | &nbsp;&nbsp;&nbsp;&nbsp; 1365316 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2926594 |
| **Netherlands — 3.0%** | **Netherlands — 3.0%** | **Netherlands — 3.0%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 48309 | &nbsp;&nbsp;&nbsp;&nbsp; 1396539 |
| &nbsp;&nbsp;&nbsp; Aegon Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 142501 | &nbsp;&nbsp;&nbsp;&nbsp; 1018388 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp;&nbsp;&nbsp; 16499 | &nbsp;&nbsp;&nbsp;&nbsp; 1095929 |
| &nbsp;&nbsp;&nbsp; Eurocommercial Properties NV, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 23705 | &nbsp;&nbsp;&nbsp;&nbsp; 723549 |
| &nbsp;&nbsp;&nbsp; Havas NV | &nbsp;&nbsp;&nbsp;&nbsp; 478338 | &nbsp;&nbsp;&nbsp;&nbsp; 768368 |
| &nbsp;&nbsp;&nbsp; Heineken Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 21312 | &nbsp;&nbsp;&nbsp;&nbsp; 1438372 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 138467 | &nbsp;&nbsp;&nbsp;&nbsp; 3227035 |
| &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep NV | &nbsp;&nbsp;&nbsp;&nbsp; 130189 | &nbsp;&nbsp;&nbsp;&nbsp; 1136582 |
| &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V., CVA | &nbsp;&nbsp;&nbsp;&nbsp; 21002 | &nbsp;&nbsp;&nbsp;&nbsp; 1338600 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 25630 | &nbsp;&nbsp;&nbsp;&nbsp; 1725814 |
| &nbsp;&nbsp;&nbsp; OCI NV | &nbsp;&nbsp;&nbsp;&nbsp; 87799 | &nbsp;&nbsp;&nbsp;&nbsp; 731314 |
| &nbsp;&nbsp;&nbsp; SBM Offshore NV | &nbsp;&nbsp;&nbsp;&nbsp; 35691 | &nbsp;&nbsp;&nbsp;&nbsp; 930795 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15531285 |
| **Norway — 1.1%** | **Norway — 1.1%** | **Norway — 1.1%** |
| &nbsp;&nbsp;&nbsp; Aker Solutions ASA | &nbsp;&nbsp;&nbsp;&nbsp; 284550 | &nbsp;&nbsp;&nbsp;&nbsp; 841614 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp; 61419 | &nbsp;&nbsp;&nbsp;&nbsp; 1553885 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 68450 | &nbsp;&nbsp;&nbsp;&nbsp; 1758315 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 85346 | &nbsp;&nbsp;&nbsp;&nbsp; 1309285 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5463099 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| &nbsp;&nbsp;&nbsp; Hochschild Mining plc | &nbsp;&nbsp;&nbsp;&nbsp; 276749 | &nbsp;&nbsp;&nbsp;&nbsp; 1017073 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Poland — 0.3%** | **Poland — 0.3%** | **Poland — 0.3%** |
| &nbsp;&nbsp;&nbsp; ORLEN SA | &nbsp;&nbsp;&nbsp;&nbsp; 65691 | &nbsp;&nbsp;&nbsp;&nbsp; 1462840 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| &nbsp;&nbsp;&nbsp; Banco Comercial Portugues SA, Class R | &nbsp;&nbsp;&nbsp;&nbsp; 1246978 | &nbsp;&nbsp;&nbsp;&nbsp; 1023951 |
| &nbsp;&nbsp;&nbsp; NOS SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 185274 | &nbsp;&nbsp;&nbsp;&nbsp; 763723 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1787674 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ooredoo QPSC | &nbsp;&nbsp;&nbsp;&nbsp; 286675 | &nbsp;&nbsp;&nbsp;&nbsp; 1059432 |
| **Singapore — 0.7%** | **Singapore — 0.7%** | **Singapore — 0.7%** |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 148800 | &nbsp;&nbsp;&nbsp;&nbsp; 1928324 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 62100 | &nbsp;&nbsp;&nbsp;&nbsp; 1725308 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3653632 |
| **South Africa — 0.9%** | **South Africa — 0.9%** | **South Africa — 0.9%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 107349 | &nbsp;&nbsp;&nbsp;&nbsp; 1059624 |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp; 63131 | &nbsp;&nbsp;&nbsp;&nbsp; 1776387 |
| &nbsp;&nbsp;&nbsp; Kumba Iron Ore Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 44804 | &nbsp;&nbsp;&nbsp;&nbsp; 740869 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 76212 | &nbsp;&nbsp;&nbsp;&nbsp; 1039952 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4616832 |
| **South Korea — 5.8%** | **South Korea — 5.8%** | **South Korea — 5.8%** |
| &nbsp;&nbsp;&nbsp; BGF retail Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9024 | &nbsp;&nbsp;&nbsp;&nbsp; 730975 |
| &nbsp;&nbsp;&nbsp; DB Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14526 | &nbsp;&nbsp;&nbsp;&nbsp; 1335151 |
| &nbsp;&nbsp;&nbsp; Hankook Tire & Technology Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 25380 | &nbsp;&nbsp;&nbsp;&nbsp; 809551 |
| &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4074 | &nbsp;&nbsp;&nbsp;&nbsp; 1046945 |
| &nbsp;&nbsp;&nbsp; HMM Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 55067 | &nbsp;&nbsp;&nbsp;&nbsp; 925829 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13948 | &nbsp;&nbsp;&nbsp;&nbsp; 1473371 |
| &nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7447 | &nbsp;&nbsp;&nbsp;&nbsp; 1571465 |
| &nbsp;&nbsp;&nbsp; Industrial Bank of Korea | &nbsp;&nbsp;&nbsp;&nbsp; 62578 | &nbsp;&nbsp;&nbsp;&nbsp; 873054 |
| &nbsp;&nbsp;&nbsp; JB Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 68869 | &nbsp;&nbsp;&nbsp;&nbsp; 1143028 |
| &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22237 | &nbsp;&nbsp;&nbsp;&nbsp; 1766690 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19201 | &nbsp;&nbsp;&nbsp;&nbsp; 1404952 |
| &nbsp;&nbsp;&nbsp; Korean Air Lines Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 64051 | &nbsp;&nbsp;&nbsp;&nbsp; 1084408 |
| &nbsp;&nbsp;&nbsp; KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19743 | &nbsp;&nbsp;&nbsp;&nbsp; 783400 |
| &nbsp;&nbsp;&nbsp; LG Uplus Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 109345 | &nbsp;&nbsp;&nbsp;&nbsp; 1151031 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 151089 | &nbsp;&nbsp;&nbsp;&nbsp; 7700096 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5093 | &nbsp;&nbsp;&nbsp;&nbsp; 1607807 |
| &nbsp;&nbsp;&nbsp; Samsung Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20833 | &nbsp;&nbsp;&nbsp;&nbsp; 1056118 |
| &nbsp;&nbsp;&nbsp; SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14595 | &nbsp;&nbsp;&nbsp;&nbsp; 2828744 |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 27448 | &nbsp;&nbsp;&nbsp;&nbsp; 1108666 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 30401281 |
| **Spain — 3.0%** | **Spain — 3.0%** | **Spain — 3.0%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 251863 | &nbsp;&nbsp;&nbsp;&nbsp; 4200639 |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp;&nbsp;&nbsp; 446567 | &nbsp;&nbsp;&nbsp;&nbsp; 1648236 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp;&nbsp;&nbsp; 520004 | &nbsp;&nbsp;&nbsp;&nbsp; 4467246 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp; 221417 | &nbsp;&nbsp;&nbsp;&nbsp; 2083160 |
| &nbsp;&nbsp;&nbsp; Grupo Catalana Occidente SA | &nbsp;&nbsp;&nbsp;&nbsp; 14412 | &nbsp;&nbsp;&nbsp;&nbsp; 804257 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Spain — continued** | **Spain — continued** | **Spain — continued** |
| &nbsp;&nbsp;&nbsp; Tecnicas Reunidas SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 55950 | &nbsp;&nbsp;&nbsp;&nbsp; 1377873 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 409012 | &nbsp;&nbsp;&nbsp;&nbsp; 1074638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15656049 |
| **Sweden — 2.1%** | **Sweden — 2.1%** | **Sweden — 2.1%** |
| &nbsp;&nbsp;&nbsp; Ambea AB (b) | &nbsp;&nbsp;&nbsp;&nbsp; 89697 | &nbsp;&nbsp;&nbsp;&nbsp; 1128435 |
| &nbsp;&nbsp;&nbsp; Betsson AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 58521 | &nbsp;&nbsp;&nbsp;&nbsp; 990900 |
| &nbsp;&nbsp;&nbsp; Dometic Group AB (c) | &nbsp;&nbsp;&nbsp;&nbsp; 87682 | &nbsp;&nbsp;&nbsp;&nbsp; 442919 |
| &nbsp;&nbsp;&nbsp; Loomis AB | &nbsp;&nbsp;&nbsp;&nbsp; 19938 | &nbsp;&nbsp;&nbsp;&nbsp; 788335 |
| &nbsp;&nbsp;&nbsp; Modern Times Group MTG AB, Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 68710 | &nbsp;&nbsp;&nbsp;&nbsp; 706379 |
| &nbsp;&nbsp;&nbsp; NCC AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 45300 | &nbsp;&nbsp;&nbsp;&nbsp; 857768 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 102463 | &nbsp;&nbsp;&nbsp;&nbsp; 1792338 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 94220 | &nbsp;&nbsp;&nbsp;&nbsp; 1148012 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 63308 | &nbsp;&nbsp;&nbsp;&nbsp; 1685769 |
| &nbsp;&nbsp;&nbsp; Tele2 AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 89698 | &nbsp;&nbsp;&nbsp;&nbsp; 1386294 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10927149 |
| **Switzerland — 0.3%** | **Switzerland — 0.3%** | **Switzerland — 0.3%** |
| &nbsp;&nbsp;&nbsp; Aryzta AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 7769 | &nbsp;&nbsp;&nbsp;&nbsp; 729144 |
| &nbsp;&nbsp;&nbsp; Avolta AG | &nbsp;&nbsp;&nbsp;&nbsp; 15749 | &nbsp;&nbsp;&nbsp;&nbsp; 818689 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1547833 |
| **Taiwan — 1.6%** | **Taiwan — 1.6%** | **Taiwan — 1.6%** |
| &nbsp;&nbsp;&nbsp; Arcadyan Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp; 1071540 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 284000 | &nbsp;&nbsp;&nbsp;&nbsp; 1377227 |
| &nbsp;&nbsp;&nbsp; Compal Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1183000 | &nbsp;&nbsp;&nbsp;&nbsp; 1157688 |
| &nbsp;&nbsp;&nbsp; Compeq Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 477000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036722 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 751000 | &nbsp;&nbsp;&nbsp;&nbsp; 946936 |
| &nbsp;&nbsp;&nbsp; Genius Electronic Optical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 57000 | &nbsp;&nbsp;&nbsp;&nbsp; 820903 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp; 1098064 |
| &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 219000 | &nbsp;&nbsp;&nbsp;&nbsp; 913377 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8422457 |
| **Thailand — 0.5%** | **Thailand — 0.5%** | **Thailand — 0.5%** |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 1979100 | &nbsp;&nbsp;&nbsp;&nbsp; 1330632 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 375300 | &nbsp;&nbsp;&nbsp;&nbsp; 1444804 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2775436 |
| **Turkey — 0.7%** | **Turkey — 0.7%** | **Turkey — 0.7%** |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp;&nbsp; 74405 | &nbsp;&nbsp;&nbsp;&nbsp; 972339 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 436106 | &nbsp;&nbsp;&nbsp;&nbsp; 1020788 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S | &nbsp;&nbsp;&nbsp;&nbsp; 375958 | &nbsp;&nbsp;&nbsp;&nbsp; 861917 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 224731 | &nbsp;&nbsp;&nbsp;&nbsp; 787889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3642933 |
| **United Arab Emirates — 0.8%** | **United Arab Emirates — 0.8%** | **United Arab Emirates — 0.8%** |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 233343 | &nbsp;&nbsp;&nbsp;&nbsp; 632841 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 551551 | &nbsp;&nbsp;&nbsp;&nbsp; 2284140 |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 167676 | &nbsp;&nbsp;&nbsp;&nbsp; 1221147 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4138128 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — 9.0%** | **United Kingdom — 9.0%** | **United Kingdom — 9.0%** |
| &nbsp;&nbsp;&nbsp; 3i Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 30287 | &nbsp;&nbsp;&nbsp;&nbsp; 1654947 |
| &nbsp;&nbsp;&nbsp; Balfour Beatty plc | &nbsp;&nbsp;&nbsp;&nbsp; 137549 | &nbsp;&nbsp;&nbsp;&nbsp; 982994 |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp;&nbsp;&nbsp; 642884 | &nbsp;&nbsp;&nbsp;&nbsp; 3142430 |
| &nbsp;&nbsp;&nbsp; Beazley plc | &nbsp;&nbsp;&nbsp;&nbsp; 78600 | &nbsp;&nbsp;&nbsp;&nbsp; 926123 |
| &nbsp;&nbsp;&nbsp; Bellway plc | &nbsp;&nbsp;&nbsp;&nbsp; 20433 | &nbsp;&nbsp;&nbsp;&nbsp; 668731 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp;&nbsp;&nbsp; 83345 | &nbsp;&nbsp;&nbsp;&nbsp; 4465405 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp;&nbsp;&nbsp; 570149 | &nbsp;&nbsp;&nbsp;&nbsp; 1239364 |
| &nbsp;&nbsp;&nbsp; Currys plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 734094 | &nbsp;&nbsp;&nbsp;&nbsp; 1094544 |
| &nbsp;&nbsp;&nbsp; Drax Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 104542 | &nbsp;&nbsp;&nbsp;&nbsp; 976375 |
| &nbsp;&nbsp;&nbsp; easyJet plc | &nbsp;&nbsp;&nbsp;&nbsp; 115992 | &nbsp;&nbsp;&nbsp;&nbsp; 752123 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 656392 | &nbsp;&nbsp;&nbsp;&nbsp; 7996806 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp; 51448 | &nbsp;&nbsp;&nbsp;&nbsp; 2005412 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 224234 | &nbsp;&nbsp;&nbsp;&nbsp; 1120406 |
| &nbsp;&nbsp;&nbsp; Investec plc | &nbsp;&nbsp;&nbsp;&nbsp; 134696 | &nbsp;&nbsp;&nbsp;&nbsp; 998831 |
| &nbsp;&nbsp;&nbsp; ITV plc | &nbsp;&nbsp;&nbsp;&nbsp; 765152 | &nbsp;&nbsp;&nbsp;&nbsp; 829954 |
| &nbsp;&nbsp;&nbsp; JET2 plc | &nbsp;&nbsp;&nbsp;&nbsp; 33899 | &nbsp;&nbsp;&nbsp;&nbsp; 726095 |
| &nbsp;&nbsp;&nbsp; Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp; 30851 | &nbsp;&nbsp;&nbsp;&nbsp; 718853 |
| &nbsp;&nbsp;&nbsp; Just Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 411316 | &nbsp;&nbsp;&nbsp;&nbsp; 1146162 |
| &nbsp;&nbsp;&nbsp; Keller Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 29255 | &nbsp;&nbsp;&nbsp;&nbsp; 510982 |
| &nbsp;&nbsp;&nbsp; Kier Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 396900 | &nbsp;&nbsp;&nbsp;&nbsp; 1037538 |
| &nbsp;&nbsp;&nbsp; Lancashire Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 106642 | &nbsp;&nbsp;&nbsp;&nbsp; 881638 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 2875647 | &nbsp;&nbsp;&nbsp;&nbsp; 2948828 |
| &nbsp;&nbsp;&nbsp; Marks & Spencer Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 168298 | &nbsp;&nbsp;&nbsp;&nbsp; 772924 |
| &nbsp;&nbsp;&nbsp; Morgan Sindall Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 16361 | &nbsp;&nbsp;&nbsp;&nbsp; 992609 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 339588 | &nbsp;&nbsp;&nbsp;&nbsp; 2357278 |
| &nbsp;&nbsp;&nbsp; Paragon Banking Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 86238 | &nbsp;&nbsp;&nbsp;&nbsp; 1028430 |
| &nbsp;&nbsp;&nbsp; Serco Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 330159 | &nbsp;&nbsp;&nbsp;&nbsp; 909741 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 31077 | &nbsp;&nbsp;&nbsp;&nbsp; 761767 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp;&nbsp; 126621 | &nbsp;&nbsp;&nbsp;&nbsp; 2269932 |
| &nbsp;&nbsp;&nbsp; TP ICAP Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 233999 | &nbsp;&nbsp;&nbsp;&nbsp; 944605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 46861827 |
| **United States — 5.7%** | **United States — 5.7%** | **United States — 5.7%** |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 99168 | &nbsp;&nbsp;&nbsp;&nbsp; 584730 |
| &nbsp;&nbsp;&nbsp; Buzzi SpA | &nbsp;&nbsp;&nbsp;&nbsp; 15900 | &nbsp;&nbsp;&nbsp;&nbsp; 830292 |
| &nbsp;&nbsp;&nbsp; Carnival plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 29675 | &nbsp;&nbsp;&nbsp;&nbsp; 807486 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp;&nbsp; 191679 | &nbsp;&nbsp;&nbsp;&nbsp; 3525743 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 39466 | &nbsp;&nbsp;&nbsp;&nbsp; 4494668 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 26981 | &nbsp;&nbsp;&nbsp;&nbsp; 8420042 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp;&nbsp; 233278 | &nbsp;&nbsp;&nbsp;&nbsp; 8382408 |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp; 14700 | &nbsp;&nbsp;&nbsp;&nbsp; 2631321 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 29676690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $458,597,296)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 507237296 |
| **Short-Term Investments — 2.5%** | **Short-Term Investments — 2.5%** | **Short-Term Investments — 2.5%** |
| **Investment Companies — 2.2%** | **Investment Companies — 2.2%** | **Investment Companies — 2.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 4.37% (d) (e) <br>(Cost $11,585,300)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11583751 | &nbsp;&nbsp;&nbsp;&nbsp; 11584910 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Investment of Cash Collateral from Securities Loaned — 0.3%** | **Investment of Cash Collateral from Securities Loaned — 0.3%** | **Investment of Cash Collateral from Securities Loaned — 0.3%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (d) (e)(Cost $1,535,653) | &nbsp;&nbsp;&nbsp;&nbsp; 1535653 | &nbsp;&nbsp;&nbsp;&nbsp; 1535653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $13,120,953)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 13120563 |
| **Total Investments — 100.0%** <br>**(Cost $471,718,249)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **520357859** |
| **Other Assets in Excess of Liabilities — 0.0% ^** |  | &nbsp;&nbsp;&nbsp;&nbsp; **86120** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **520443979** |

---

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

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

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

---

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

---

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

---

| | |
|:---|:---|
| ^ | 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 July 31, 2025. The total value of securities on loan at July 31, 2025 is $1,425,063. |
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (c) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (d) | 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>|
| (e) | The rate shown is the current yield as of July 31, 2025. |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 24.6<br> %<br>|
| Insurance | 9.8 |
| Oil, Gas & Consumable Fuels | 7.9 |
| Metals & Mining | 5.6 |
| Pharmaceuticals | 5.0 |
| Diversified Telecommunication Services | 2.9 |
| Construction & Engineering | 2.6 |
| Automobile Components | 2.4 |
| Real Estate Management & Development | 2.3 |
| Capital Markets | 2.3 |
| Automobiles | 2.2 |
| Trading Companies & Distributors | 2.0 |
| Technology Hardware, Storage & Peripherals | 1.9 |
| Machinery | 1.8 |
| Broadline Retail | 1.8 |
| Wireless Telecommunication Services | 1.7 |
| Passenger Airlines | 1.4 |
| Media | 1.3 |
| Food Products | 1.3 |
| Tobacco | 1.2 |
| Household Durables | 1.2 |
| Multi-Utilities | 1.1 |
| Electronic Equipment, Instruments & Components | 1.0 |
| Energy Equipment & Services | 1.0 |
| Others (each less than 1.0%) | 11.2 |
| Short-Term Investments | 2.5 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $15593213 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $15593213 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; 1002859 | &nbsp;&nbsp;&nbsp;&nbsp; 5247259 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6250118 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5529091 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5529091 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 10105271 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10105271 |
| &nbsp;&nbsp;&nbsp; Burkina Faso | &nbsp;&nbsp;&nbsp;&nbsp; 1174418 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1174418 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp; 21203430 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21203430 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 1197392 | &nbsp;&nbsp;&nbsp;&nbsp; 43424438 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44621830 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5113444 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5113444 |

---

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3879187 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3879187 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28545641 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28545641 |
| &nbsp;&nbsp;&nbsp; Georgia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1126758 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1126758 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36224061 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36224061 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 993352 | &nbsp;&nbsp;&nbsp;&nbsp; 2058300 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3051652 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 1282632 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1282632 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8920477 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8920477 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; 1127350 | &nbsp;&nbsp;&nbsp;&nbsp; 2904633 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4031983 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11058469 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11058469 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6270571 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6270571 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; 3568539 | &nbsp;&nbsp;&nbsp;&nbsp; 4661015 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8229554 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18945118 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18945118 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74512134 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74512134 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 2926594 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2926594 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15531285 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15531285 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5463099 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5463099 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1017073 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1017073 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1462840 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1462840 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1787674 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1787674 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1059432 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1059432 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3653632 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3653632 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 1780821 | &nbsp;&nbsp;&nbsp;&nbsp; 2836011 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4616832 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 30401281 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 30401281 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; 804257 | &nbsp;&nbsp;&nbsp;&nbsp; 14851792 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15656049 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10927149 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10927149 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1547833 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1547833 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8422457 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8422457 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2775436 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2775436 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 972339 | &nbsp;&nbsp;&nbsp;&nbsp; 2670594 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3642933 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 1221147 | &nbsp;&nbsp;&nbsp;&nbsp; 2916981 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4138128 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 4121175 | &nbsp;&nbsp;&nbsp;&nbsp; 42740652 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 46861827 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 584730 | &nbsp;&nbsp;&nbsp;&nbsp; 29091960 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29676690 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 54066306 | &nbsp;&nbsp;&nbsp;&nbsp; 453170990 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 507237296 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 11584910 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11584910 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 1535653 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1535653 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 13120563 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13120563 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $67186869 | &nbsp;&nbsp;&nbsp;&nbsp; $453170990 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $520357859 |

---

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

------

**JPMorgan International Value ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2024**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class IM Shares, 4.37% (a) (b)<br>| $1798145 | $83817790 | $74029117 | $(1513)<br>| $(395)<br>| $11584910 | 11583751 | $174971 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL <br> Class Shares, 4.37% (a) (b)<br>|  | 8608234 | 7072581 |  |  | 1535653 | 1535653 | 16754 |  |
| **Total** | $1798145 | $92426024 | $81101698 | $(1513)<br>| $(395)<br>| $13120563 |  | $191725 | $— |

---

&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 July 31, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

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

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

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

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $522369315.28

**Total Liabilities:** $1924618.50

**Net Assets:** $520444696.78

**Cash Not Reported:** $2279178.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243910 | 5.30%                | 3.99%                | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-154405.12              | $15900832.50                               |
| Month 2  | $636125.86               | $14519578.69                               |
| Month 3  | $1621888.50              | $106130.60                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |   1535653 | NS      | $1535652.91   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Russel Metals, Inc.                                   | Russel Metals, Inc.                                                   | CUSIP: 781903604<br>LEI: 5493005F9VPHFO17OV54 | Long             | EC               | CORP              | CA        |     32102 | NS      | $1028209.27   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                             | Orange SA                                                             | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    114937 | NS      | $1748316.07   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                          | Mizuho Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    103000 | NS      | $3021161.12   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp.                             | Arcadyan Technology Corp.                                             | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |    145000 | NS      | $1071540.12   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co. Ltd.                                     | Mitsui & Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |    118400 | NS      | $2410226.57   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| First Capital REIT                                    | First Capital REIT                                                    | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               | CORP              | CA        |     48601 | NS      | $652058.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co. Ltd.                             | Largan Precision Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     14000 | NS      | $1098064.04   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.                       | Canadian Natural Resources Ltd.                                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     46974 | NS      | $1486922.37   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Just Group plc                                        | Just Group plc                                                        | CUSIP: N/A<br>LEI: 5493006456YEZEELRR90       | Long             | EC               | CORP              | GB        |    411316 | NS      | $1146161.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group plc                                | Lion Finance Group plc                                                | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GB        |     11239 | NS      | $1126757.96   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                        | BAWAG Group AG                                                        | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |      7654 | NS      | $965992.76    | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NuVista Energy Ltd.                                   | NuVista Energy Ltd.                                                   | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |    106801 | NS      | $1128440.13   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.            | Industrial & Commercial Bank of China Ltd., Class H                   | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   2051000 | NS      | $1571528.23   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| T&D Holdings, Inc.                                    | T&D Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               | CORP              | JP        |     46900 | NS      | $1145238.81   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG         | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      5701 | NS      | $3732279.58   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai              | Gree Electric Appliances, Inc. of Zhuhai, Class A                     | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |    194700 | NS      | $1230488.36   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                           | Telenor ASA                                                           | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     85346 | NS      | $1309284.78   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Forvia SE                                             | Forvia SE                                                             | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | EC               | CORP              | FR        |     37377 | NS      | $475183.06    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                                            | Umicore SA                                                            | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |     70487 | NS      | $1113961.20   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                           | Astra International Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   4154500 | NS      | $1284241.37   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                            | National Bank of Greece SA                                            | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     82914 | NS      | $1156531.08   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                               | Vale SA                                                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    200809 | NS      | $1911066.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                       | Fairfax Financial Holdings Ltd.                                       | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       872 | NS      | $1542337.41   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co. Ltd.                                | Weichai Power Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    450000 | NS      | $953939.91    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                          | ING Groep NV                                                          | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    138467 | NS      | $3227035.18   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co. Ltd.                                | Credit Saison Co. Ltd.                                                | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |     30000 | NS      | $791505.90    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                           | NN Group NV                                                           | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     25630 | NS      | $1725813.73   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp.                          | Tokyu Fudosan Holdings Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    133100 | NS      | $938575.38    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings, Inc.                                  | ENEOS Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |    224900 | NS      | $1180418.16   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp.                                        | LG Uplus Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    109345 | NS      | $1151031.12   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                            | Freenet AG                                                            | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     23846 | NS      | $773394.08    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co. Ltd.                    | Hankook Tire & Technology Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     25380 | NS      | $809551.39    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                            | Alibaba Group Holding Ltd.                                            | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    392100 | NS      | $5895136.74   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                     | Eva Airways Corp.                                                     | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    751000 | NS      | $946935.91    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                   | PetroChina Co. Ltd., Class H                                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   1892000 | NS      | $1848921.95   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Vienna Insurance Group AG Wiener Versicherung Gruppe  | Vienna Insurance Group AG Wiener Versicherung Gruppe                  | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |     22207 | NS      | $1171745.82   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co. Ltd.                | China Pacific Insurance Group Co. Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    452200 | NS      | $1821199.22   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayvens SA                                             | Ayvens SA                                                             | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |     77778 | NS      | $835764.12    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Asahi Kasei Corp.                                     | Asahi Kasei Corp.                                                     | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |    151400 | NS      | $1053404.77   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Glanbia plc                                           | Glanbia plc                                                           | CUSIP: N/A<br>LEI: 635400SRMCBHVMSKJS84       | Long             | EC               | CORP              | IE        |     81926 | NS      | $1190376.39   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                    | Oversea-Chinese Banking Corp. Ltd.                                    | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    148800 | NS      | $1928323.98   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                        | Fortescue Ltd.                                                        | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    106184 | NS      | $1201393.62   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                               | GSK plc                                                               | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    191679 | NS      | $3525743.21   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                        | Sumitomo Corp.                                                        | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     67000 | NS      | $1712504.98   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co. Ltd.                               | Japan Airlines Co. Ltd.                                               | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |     50400 | NS      | $1000818.12   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                          | British American Tobacco plc                                          | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     83345 | NS      | $4465404.69   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Compeq Manufacturing Co. Ltd.                         | Compeq Manufacturing Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    477000 | NS      | $1036722.10   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Tire Corp.                                       | Toyo Tire Corp.                                                       | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |     43400 | NS      | $919257.90    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                           | Swedbank AB, Class A                                                  | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     63308 | NS      | $1685768.58   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group plc                                        | Drax Group plc                                                        | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    104542 | NS      | $976375.06    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Deme Group NV                                         | Deme Group NV                                                         | CUSIP: N/A<br>LEI: 549300FPFPQPKI3PJV37       | Long             | EC               | CORP              | BE        |      4685 | NS      | $701199.97    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                          | Komatsu Ltd.                                                          | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     62200 | NS      | $2003953.45   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                          | Dai-ichi Life Holdings, Inc.                                          | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |    208000 | NS      | $1645733.96   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com, Inc.                                          | JD.com, Inc., Class A                                                 | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |    142850 | NS      | $2251593.67   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                    | SBI Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |     35800 | NS      | $1329893.53   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                             | NMDC Ltd.                                                             | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |   1195635 | NS      | $960987.55    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                | Mercedes-Benz Group AG                                                | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     37248 | NS      | $2108992.20   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                               | Sinotruk Hong Kong Ltd.                                               | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    394000 | NS      | $1200736.12   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                           | Turkiye Garanti Bankasi A/S                                           | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |    224731 | NS      | $787888.61    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Yancoal Australia Ltd.                                | Yancoal Australia Ltd.                                                | CUSIP: N/A<br>LEI: 3003003IC6G39HKQAD13       | Long             | EC               | CORP              | AU        |    205648 | NS      | $830560.80    | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| TBS Holdings, Inc.                                    | TBS Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     28000 | NS      | $921036.28    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                              | Svenska Handelsbanken AB, Class A                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |     94220 | NS      | $1148012.14   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group plc                             | Marks & Spencer Group plc                                             | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    168298 | NS      | $772924.05    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                | Kunlun Energy Co. Ltd.                                                | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   1188000 | NS      | $1144461.18   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co. Ltd.                                    | Tokyo Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |     20800 | NS      | $696562.82    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                          | Barclays plc                                                          | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    642884 | NS      | $3142430.35   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                              | Lloyds Banking Group plc                                              | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   2875647 | NS      | $2948827.52   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co. Ltd.                                 | Kansai Paint Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 549300ERRV6FTKH9NN70       | Long             | EC               | CORP              | JP        |     54400 | NS      | $770298.72    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group plc                             | Bank of Ireland Group plc                                             | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |     87886 | NS      | $1178549.53   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                        | BNP Paribas SA                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     43605 | NS      | $3975828.92   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co. Ltd.                                       | Sankyo Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |     76600 | NS      | $1429378.80   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                               | Hyundai Glovis Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     13948 | NS      | $1473371.39   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                             | Kia Corp.                                                             | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     19201 | NS      | $1404952.35   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NCC AB                                                | NCC AB, Class B                                                       | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |     45300 | NS      | $857768.49    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Serco Group plc                                       | Serco Group plc                                                       | CUSIP: N/A<br>LEI: 549300PT2CIHYN5GWJ21       | Long             | EC               | CORP              | GB        |    330159 | NS      | $909741.24    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                   | Banca Monte dei Paschi di Siena SpA                                   | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |    104389 | NS      | $888708.17    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd.                                 | Kerry Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | BM        |    426000 | NS      | $1137464.07   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                        | Indofood Sukses Makmur Tbk. PT                                        | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   2090000 | NS      | $1079183.31   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Catalana Occidente SA                           | Grupo Catalana Occidente SA                                           | CUSIP: N/A<br>LEI: 959800H2P9S8MS95DT42       | Long             | EC               | CORP              | ES        |     14412 | NS      | $804257.05    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Pharmaceutical Group Ltd.             | China Resources Pharmaceutical Group Ltd.                             | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |   1174500 | NS      | $820181.47    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Marcopolo SA                                          | Marcopolo SA (Preference)                                             | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |    612623 | NS      | $902597.49    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA                                              | Ageas SA                                                              | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     20097 | NS      | $1366441.38   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                 | DB Insurance Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     14526 | NS      | $1335150.62   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                          | Bank Mandiri Persero Tbk. PT                                          | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   3359500 | NS      | $914559.77    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd.                                            | Aegon Ltd.                                                            | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | BM        |    142501 | NS      | $1018388.14   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Balfour Beatty plc                                    | Balfour Beatty plc                                                    | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |    137549 | NS      | $982994.07    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.                  | MS&AD Insurance Group Holdings, Inc.                                  | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |     80500 | NS      | $1719969.53   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                | Grupo Mexico SAB de CV, Series B                                      | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    218852 | NS      | $1365316.29   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                    | Banco do Brasil SA                                                    | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    253723 | NS      | $896257.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| People's Insurance Co. Group of China Ltd. (The)      | People's Insurance Co. Group of China Ltd. (The), Class H             | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |   2441000 | NS      | $1875342.55   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                 | Emaar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    551551 | NS      | $2284140.52   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA                                              | ORLEN SA                                                              | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |     65691 | NS      | $1462840.57   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                              | Panasonic Holdings Corp.                                              | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    149900 | NS      | $1417952.11   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                        | Prudential plc                                                        | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    152166 | NS      | $1930406.28   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                                | CK Asset Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |    231500 | NS      | $1060779.78   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                   | Krung Thai Bank PCL                                                   | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1979100 | NS      | $1330632.48   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                              | Industrial Bank of Korea                                              | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |     62578 | NS      | $873054.25    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                              | Bayer AG (Registered)                                                 | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     57249 | NS      | $1780544.53   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                              | QBE Insurance Group Ltd.                                              | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     81285 | NS      | $1205799.69   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd.                              | Lancashire Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | BM        |    106642 | NS      | $881638.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kandenko Co. Ltd.                                     | Kandenko Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |     45200 | NS      | $1070743.90   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                | AXA SA                                                                | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     76995 | NS      | $3739585.96   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Vipshop Holdings Ltd.                                 | Vipshop Holdings Ltd.                                                 | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     79350 | NS      | $1197391.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp.                                         | IAMGOLD Corp.                                                         | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    173854 | NS      | $1174417.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                                | OMV AG                                                                | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     23099 | NS      | $1176395.33   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kier Group plc                                        | Kier Group plc                                                        | CUSIP: N/A<br>LEI: 2138002RKCU2OM4Y7O48       | Long             | EC               | CORP              | GB        |    396900 | NS      | $1037538.20   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co. Ltd.                                     | Kamigumi Co. Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     31700 | NS      | $890880.17    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                         | China Merchants Bank Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    200000 | NS      | $1297829.42   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| TP ICAP Group plc                                     | TP ICAP Group plc                                                     | CUSIP: N/A<br>LEI: 2138006YAA7IRVKKGE63       | Long             | EC               | CORP              | JE        |    233999 | NS      | $944605.28    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                             | China Hongqiao Group Ltd.                                             | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    626000 | NS      | $1651324.23   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                             | Bank of Nova Scotia (The)                                             | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     52039 | NS      | $2895270.29   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp.                                              | KT Corp.                                                              | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     19502 | NS      | $773837.56    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                    | Banco Santander SA                                                    | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    520004 | NS      | $4467246.03   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                              | Enel SpA                                                              | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    344401 | NS      | $3037029.02   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                            | Eiffage SA                                                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     10352 | NS      | $1389605.51   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands plc                                   | Imperial Brands plc                                                   | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     51448 | NS      | $2005411.50   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenveagh Properties plc                              | Glenveagh Properties plc                                              | CUSIP: N/A<br>LEI: 635400QUQ2YYGMOAK834       | Long             | EC               | CORP              | IE        |    434251 | NS      | $926199.47    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco de Sabadell SA                                  | Banco de Sabadell SA                                                  | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |    446567 | NS      | $1648236.53   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd.                       | Agricultural Bank of China Ltd., Class H                              | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   2280000 | NS      | $1493665.42   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmo Energy Holdings Co. Ltd.                        | Cosmo Energy Holdings Co. Ltd.                                        | CUSIP: N/A<br>LEI: 353800Y4GZ7KR5X7L150       | Long             | EC               | CORP              | JP        |     16100 | NS      | $714560.15    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Compal Electronics, Inc.                              | Compal Electronics, Inc.                                              | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |   1183000 | NS      | $1157687.69   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| China Communications Services Corp. Ltd.              | China Communications Services Corp. Ltd., Class H                     | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |   1790000 | NS      | $1042566.14   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp.                                         | Kyocera Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    122400 | NS      | $1444855.36   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                        | Commerzbank AG                                                        | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |     52858 | NS      | $1927512.75   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                          | 3i Group plc                                                          | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     30287 | NS      | $1654947.39   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| NOS SGPS SA                                           | NOS SGPS SA                                                           | CUSIP: N/A<br>LEI: 5493004DM8FGIY6QKF37       | Long             | EC               | CORP              | PT        |    185274 | NS      | $763723.18    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventia Services Group Pty. Ltd.                       | Ventia Services Group Pty. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    350700 | NS      | $1167757.12   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd.                                       | CMOC Group Ltd., Class H                                              | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |   1194000 | NS      | $1355349.73   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                               | ISS A/S                                                               | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |     33006 | NS      | $948802.33    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSOS SA                                              | IPSOS SA                                                              | CUSIP: N/A<br>LEI: 9695002OY2X35E9X8W87       | Long             | EC               | CORP              | FR        |     16239 | NS      | $729169.57    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Securities Co. Ltd.                           | Samsung Securities Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |     20833 | NS      | $1056117.56   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Baroda                                        | Bank of Baroda                                                        | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |    352858 | NS      | $953451.67    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AGL Energy Ltd.                                       | AGL Energy Ltd.                                                       | CUSIP: N/A<br>LEI: 549300QAZ8A74DEDXO80       | Long             | EC               | CORP              | AU        |    120010 | NS      | $747914.14    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                   | SK Telecom Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     27448 | NS      | $1108665.74   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsubakimoto Chain Co.                                 | Tsubakimoto Chain Co.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     75000 | NS      | $1052687.41   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                   | Societe Generale SA                                                   | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     41425 | NS      | $2644098.67   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co. Ltd.                                    | Osaka Gas Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |     31900 | NS      | $807112.94    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co. Ltd.                             | Open House Group Co. Ltd.                                             | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |     21100 | NS      | $933051.19    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries Ltd.                     | Sumitomo Electric Industries Ltd.                                     | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     90200 | NS      | $2238285.90   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                       | Danske Bank A/S                                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     48758 | NS      | $1934301.86   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd.                                       | Absa Group Ltd.                                                       | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    107349 | NS      | $1059624.07   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp.                                   | Toyota Tsusho Corp.                                                   | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     65300 | NS      | $1496567.51   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Betsson AB                                            | Betsson AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300W61XW8OFGBG077       | Long             | EC               | CORP              | SE        |     58521 | NS      | $990899.96    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia OYJ                                             | Nokia OYJ                                                             | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    346049 | NS      | $1410270.41   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd.                                     | Lenovo Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |    864000 | NS      | $1107864.02   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd.                                    | Nedbank Group Ltd.                                                    | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     76212 | NS      | $1039951.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BFF Bank SpA                                          | BFF Bank SpA                                                          | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |     57449 | NS      | $682045.94    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Investec plc                                          | Investec plc                                                          | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |    134696 | NS      | $998831.42    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencore Group plc                                   | Greencore Group plc                                                   | CUSIP: N/A<br>LEI: 635400GGBEWULJXM5868       | Long             | EC               | CORP              | IE        |    350852 | NS      | $1190816.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SpA                                        | BPER Banca SpA                                                        | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    160495 | NS      | $1579355.14   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| China Coal Energy Co. Ltd.                            | China Coal Energy Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    947000 | NS      | $1163586.77   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                             | Avolta AG                                                             | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |     15749 | NS      | $818689.09    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                   | Intesa Sanpaolo SpA                                                   | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    600768 | NS      | $3619787.52   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                       | ASE Technology Holding Co. Ltd.                                       | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    284000 | NS      | $1377226.66   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co. Ltd.                           | JB Financial Group Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     68869 | NS      | $1143027.53   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM Co. Ltd.                                          | HMM Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |     55067 | NS      | $925829.12    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                        | BHP Group Ltd.                                                        | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    203541 | NS      | $5140476.25   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitecap Resources, Inc.                              | Whitecap Resources, Inc.                                              | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    196959 | NS      | $1486858.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Mitsui Financial Group, Inc.                 | Sumitomo Mitsui Financial Group, Inc.                                 | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    150000 | NS      | $3783991.69   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                                      | Unicaja Banco SA                                                      | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |    409012 | NS      | $1074637.82   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Korean Air Lines Co. Ltd.                             | Korean Air Lines Co. Ltd.                                             | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               | CORP              | KR        |     64051 | NS      | $1084407.71   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hakuhodo DY Holdings, Inc.                            | Hakuhodo DY Holdings, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     93300 | NS      | $734218.59    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd.                                          | Vedanta Ltd.                                                          | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    195071 | NS      | $942068.69    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                     | PICC Property & Casualty Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |    604000 | NS      | $1253652.39   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Hysan Development Co. Ltd.                            | Hysan Development Co. Ltd.                                            | CUSIP: N/A<br>LEI: 5299007BABFLKIH9HL03       | Long             | EC               | CORP              | HK        |    403000 | NS      | $801910.98    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| First Pacific Co. Ltd.                                | First Pacific Co. Ltd.                                                | CUSIP: N/A<br>LEI: 254900VS1MDQSDM9DE09       | Long             | EC               | CORP              | BM        |    954000 | NS      | $750631.66    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                           | Canara Bank                                                           | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    755177 | NS      | $919033.31    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                                       | SBM Offshore NV                                                       | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |     35691 | NS      | $930795.13    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival plc                                          | Carnival plc                                                          | CUSIP: N/A<br>LEI: 4DR1VPDQMHD3N3QW8W95       | Long             | EC               | CORP              | GB        |     29675 | NS      | $807485.69    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                  | Mitsubishi UFJ Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    421100 | NS      | $5803923.86   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                        | OTP Bank Nyrt.                                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     21326 | NS      | $1730518.43   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Modec, Inc.                                           | Modec, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     30300 | NS      | $1290952.63   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co. Ltd.                                      | Niterra Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |     30100 | NS      | $1037658.97   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronet LNG Ltd.                                     | Petronet LNG Ltd.                                                     | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |    245463 | NS      | $804738.52    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.             | Ping An Insurance Group Co. of China Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    312500 | NS      | $2145426.34   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Hochschild Mining plc                                 | Hochschild Mining plc                                                 | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | GB        |    276749 | NS      | $1017072.96   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey plc                                   | Johnson Matthey plc                                                   | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |     30851 | NS      | $718853.17    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                           | Bharat Petroleum Corp. Ltd.                                           | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    322075 | NS      | $1203573.72   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Keller Group plc                                      | Keller Group plc                                                      | CUSIP: N/A<br>LEI: 549300QO4MBL43UHSN10       | Long             | EC               | CORP              | GB        |     29255 | NS      | $510982.23    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurocommercial Properties NV                          | Eurocommercial Properties NV                                          | CUSIP: N/A<br>LEI: 724500SFK53FPNM68L95       | Long             | EC               | CORP              | NL        |     23705 | NS      | $723549.02    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                   | Erste Group Bank AG                                                   | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     21140 | NS      | $1933125.63   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co. Ltd.              | Samsung Fire & Marine Insurance Co. Ltd.                              | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      5093 | NS      | $1607807.25   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                 | Nomura Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |    259800 | NS      | $1716316.09   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                            | Vonovia SE                                                            | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |     42758 | NS      | $1327019.71   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                                   | Perseus Mining Ltd.                                                   | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    617992 | NS      | $1290187.13   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                | TIM SA                                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    245810 | NS      | $905619.26    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Livzon Pharmaceutical Group, Inc.                     | Livzon Pharmaceutical Group, Inc., Class H                            | CUSIP: N/A<br>LEI: 529900Y4GWTVVTORJ443       | Long             | EC               | CORP              | CN        |    271600 | NS      | $1300066.85   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                      | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     26981 | NS      | $8420042.39   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                            | Allianz SE (Registered)                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     15259 | NS      | $6030021.90   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Media Holdings, Inc.                             | Fuji Media Holdings, Inc.                                             | CUSIP: N/A<br>LEI: 353800TG2T8DSPV7H313       | Long             | EC               | CORP              | JP        |     61400 | NS      | $1447414.80   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                     | Huayu Automotive Systems Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |    394200 | NS      | $958708.29    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| UACJ Corp.                                            | UACJ Corp.                                                            | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |     29700 | NS      | $1168751.83   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                          | Ooredoo QPSC                                                          | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    286675 | NS      | $1059431.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Currys plc                                            | Currys plc                                                            | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |    734094 | NS      | $1094544.33   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| National Aluminium Co. Ltd.                           | National Aluminium Co. Ltd.                                           | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    461048 | NS      | $967095.41    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp.                                            | KDDI Corp.                                                            | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    151900 | NS      | $2492924.53   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                       | GAIL India Ltd.                                                       | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |    377698 | NS      | $760839.40    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                    | Credit Agricole SA                                                    | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |     77849 | NS      | $1432774.51   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                      | Skandinaviska Enskilda Banken AB, Class A                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |    102463 | NS      | $1792337.97   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                | Hyundai Mobis Co. Ltd.                                                | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      7447 | NS      | $1571464.48   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                               | E.ON SE                                                               | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     86388 | NS      | $1575997.98   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp.                                          | Sojitz Corp.                                                          | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |     30400 | NS      | $723515.84    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                             | Shell plc                                                             | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    233278 | NS      | $8382407.73   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SACA                                        | Vallourec SACA                                                        | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |     42738 | NS      | $798734.14    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                         | AIB Group plc                                                         | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    173146 | NS      | $1365889.21   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                      | Turkcell Iletisim Hizmetleri A/S                                      | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    375958 | NS      | $861917.29    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                   | Heineken Holding NV                                                   | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |     21312 | NS      | $1438371.71   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                | Petroleo Brasileiro SA (Preference)                                   | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    481615 | NS      | $2799612.16   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen KK                                       | Nippon Yusen KK                                                       | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |     42600 | NS      | $1493973.44   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 plc                                              | JET2 plc                                                              | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |     33899 | NS      | $726094.45    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambea AB                                              | Ambea AB                                                              | CUSIP: N/A<br>LEI: 549300AEVNZRHYI5HV24       | Long             | EC               | CORP              | SE        |     89697 | NS      | $1128434.57   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Marubeni Corp.                                        | Marubeni Corp.                                                        | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |     90100 | NS      | $1844684.96   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                      | ABN AMRO Bank NV                                                      | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     48309 | NS      | $1396539.02   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                    | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    251863 | NS      | $4200638.60   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicat SACA                                            | Vicat SACA                                                            | CUSIP: N/A<br>LEI: 9695009YI1863TOVDP79       | Long             | EC               | CORP              | FR        |     16786 | NS      | $1087125.35   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                             | Loomis AB                                                             | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |     19938 | NS      | $788334.76    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | HD Korea Shipbuilding & Offshore Engineering Co. Ltd.                 | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      4074 | NS      | $1046945.41   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd.                                 | Swire Properties Ltd.                                                 | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |    327200 | NS      | $876965.38    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilfinger SE                                          | Bilfinger SE                                                          | CUSIP: N/A<br>LEI: 529900H0HULEN2BZ4604       | Long             | EC               | CORP              | DE        |     11386 | NS      | $1224966.55   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aryzta AG                                             | Aryzta AG                                                             | CUSIP: N/A<br>LEI: 549300W2PUDQQVRD8W85       | Long             | EC               | CORP              | CH        |      7769 | NS      | $729143.66    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                    | Toyota Motor Corp.                                                    | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     64600 | NS      | $1149079.54   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co. Ltd.                               | Tokyo Tatemono Co. Ltd.                                               | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |     55800 | NS      | $933806.16    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Proximus SADP                                         | Proximus SADP                                                         | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |     88618 | NS      | $736304.01    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                              | KB Financial Group, Inc.                                              | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     22237 | NS      | $1766690.30   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ITV plc                                               | ITV plc                                                               | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |    765152 | NS      | $829954.28    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                         | WH Group Ltd.                                                         | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   1046500 | NS      | $1047691.30   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Buzzi SpA                                             | Buzzi SpA                                                             | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     15900 | NS      | $830292.32    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                        | Takeda Pharmaceutical Co. Ltd.                                        | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     59400 | NS      | $1631705.58   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                        | Cia Energetica de Minas Gerais (Preference)                           | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EC               | CORP              | BR        |    553506 | NS      | $1012206.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                              | Bausch Health Cos., Inc.                                              | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |     99168 | NS      | $584730.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals, Inc.                          | Dundee Precious Metals, Inc.                                          | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     90627 | NS      | $1465101.62   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp.                              | Manulife Financial Corp.                                              | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     94498 | NS      | $2923736.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                         | UniCredit SpA                                                         | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     46271 | NS      | $3404335.37   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun TV Network Ltd.                                   | Sun TV Network Ltd.                                                   | CUSIP: N/A<br>LEI: 335800IW6TQ3AJJLEO48       | Long             | EC               | CORP              | IN        |     91375 | NS      | $584772.79    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Genius Electronic Optical Co. Ltd.                    | Genius Electronic Optical Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     57000 | NS      | $820903.52    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                | Standard Chartered plc                                                | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    126621 | NS      | $2269931.75   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                         | China Construction Bank Corp., Class H                                | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   2713000 | NS      | $2774866.08   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk. PT                               | United Tractors Tbk. PT                                               | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    796700 | NS      | $1167419.62   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                                    | Azimut Holding SpA                                                    | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |     33297 | NS      | $1131849.02   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Cairn Homes plc                                       | Cairn Homes plc                                                       | CUSIP: N/A<br>LEI: 635400DPX6WP2KKDOA83       | Long             | EC               | CORP              | IE        |    384452 | NS      | $956445.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.                | Sumitomo Realty & Development Co. Ltd.                                | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |     44000 | NS      | $1607283.50   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                           | MOL Hungarian Oil & Gas plc                                           | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |    135134 | NS      | $1174115.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| easyJet plc                                           | easyJet plc                                                           | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |    115992 | NS      | $752122.95    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA          | Cie Generale des Etablissements Michelin SCA                          | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |     43560 | NS      | $1549712.68   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                        | SK Hynix, Inc.                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     14595 | NS      | $2828744.06   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                         | Volkswagen AG (Preference)                                            | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     12599 | NS      | $1317424.86   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                            | ORIX Corp.                                                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     86200 | NS      | $1936314.45   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| H Lundbeck A/S                                        | H Lundbeck A/S                                                        | CUSIP: N/A<br>LEI: 5493006R4KC2OI5D3470       | Long             | EC               | CORP              | DK        |    227523 | NS      | $1185339.89   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp.                                           | Inpex Corp.                                                           | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    101700 | NS      | $1448081.84   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                         | Rio Tinto plc                                                         | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     67313 | NS      | $4009124.59   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                          | Centrica plc                                                          | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    570149 | NS      | $1239363.56   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                      | JPMorgan Prime Money Market Fund, Class IM                            | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |   9737412 | NS      | $9738385.77   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                           | Equinor ASA                                                           | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     68450 | NS      | $1758314.97   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BGF retail Co. Ltd.                                   | BGF retail Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9024 | NS      | $730974.59    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellway plc                                           | Bellway plc                                                           | CUSIP: N/A<br>LEI: 213800CY4L3HST4FGZ98       | Long             | EC               | CORP              | GB        |     20433 | NS      | $668731.39    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                         | Banco BPM SpA                                                         | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |    118061 | NS      | $1505651.56   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans N.V.                             | Koninklijke Heijmans N.V.                                             | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |     21002 | NS      | $1338600.36   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                    | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |     31946 | NS      | $1282631.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                               | Fresenius SE & Co. KGaA                                               | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     32541 | NS      | $1553204.44   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                      | Telkom Indonesia Persero Tbk. PT                                      | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   6119400 | NS      | $1074535.67   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                      | TotalEnergies SE                                                      | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     81909 | NS      | $4870759.94   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                | Emirates NBD Bank PJSC                                                | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    167676 | NS      | $1221146.73   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                              | Engie SA                                                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    102602 | NS      | $2306312.10   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ProSiebenSat.1 Media SE                               | ProSiebenSat.1 Media SE                                               | CUSIP: N/A<br>LEI: 529900NY0WWQUKOMWQ37       | Long             | EC               | CORP              | DE        |     98553 | NS      | $898319.60    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Dometic Group AB                                      | Dometic Group AB                                                      | CUSIP: N/A<br>LEI: 549300STIPMK5VSA7Y59       | Long             | EC               | CORP              | SE        |     85467 | NS      | $431730.59    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                           | Bayerische Motoren Werke AG                                           | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     10238 | NS      | $974161.10    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                          | KBC Group NV                                                          | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     15447 | NS      | $1611184.24   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Sindall Group plc                              | Morgan Sindall Group plc                                              | CUSIP: N/A<br>LEI: 2138008339ULDGZRB345       | Long             | EC               | CORP              | GB        |     16361 | NS      | $992609.02    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Austria AG                                    | Telekom Austria AG                                                    | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |     94492 | NS      | $1002858.72   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydbank A/S                                           | Sydbank A/S                                                           | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |     14105 | NS      | $1045000.45   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hornbach Holding AG & Co. KGaA                        | Hornbach Holding AG & Co. KGaA                                        | CUSIP: N/A<br>LEI: 529900EGQZ79V21LBL44       | Long             | EC               | CORP              | DE        |      7651 | NS      | $899633.74    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Petroleum Exploration Co. Ltd.                  | Japan Petroleum Exploration Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |    107700 | NS      | $782189.90    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipol Assicurazioni SpA                              | Unipol Assicurazioni SpA                                              | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |     68240 | NS      | $1368738.50   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Rubber Industries Ltd.                       | Sumitomo Rubber Industries Ltd.                                       | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |     60100 | NS      | $686911.25    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                           | BOC Hong Kong Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    252500 | NS      | $1133790.27   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                     | Zhen Ding Technology Holding Ltd.                                     | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |    219000 | NS      | $913376.58    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA            | Eurobank Ergasias Services and Holdings SA                            | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |    245689 | NS      | $901768.47    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                       | Lojas Renner SA                                                       | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    288608 | NS      | $834968.81    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.                | Yangzijiang Shipbuilding Holdings Ltd.                                | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    601000 | NS      | $1178818.86   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                              | Tele2 AB, Class B                                                     | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |     89698 | NS      | $1386293.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                   | Danieli & C Officine Meccaniche SpA                                   | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |     34498 | NS      | $1121595.78   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahanagar Gas Ltd.                                    | Mahanagar Gas Ltd.                                                    | CUSIP: N/A<br>LEI: 3358001GYZI2KS7FHN90       | Long             | EC               | CORP              | IN        |     45406 | NS      | $699337.83    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCI NV                                                | OCI NV                                                                | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |     87799 | NS      | $731314.12    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd.                           | Cathay Pacific Airways Ltd.                                           | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |    600000 | NS      | $891790.04    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                               | Heidelberg Materials AG                                               | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      4552 | NS      | $1050122.54   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Otomotiv Sanayi A/S                              | Ford Otomotiv Sanayi A/S                                              | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |    436106 | NS      | $1020788.19   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                      | China Feihe Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1427000 | NS      | $848353.09    | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Covivio SA                                            | Covivio SA                                                            | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |     13981 | NS      | $905156.01    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                          | CaixaBank SA                                                          | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    221417 | NS      | $2083160.10   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                   | Deutsche Telekom AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    121923 | NS      | $4372880.87   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Xtep International Holdings Ltd.                      | Xtep International Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 529900ZZZZBTOKZQI549       | Long             | EC               | CORP              | KY        |   1085500 | NS      | $777174.74    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                      | PTT Exploration & Production PCL                                      | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    375300 | NS      | $1444803.63   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                           | Novartis AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     39466 | NS      | $4494667.50   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                                  | Sompo Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     44100 | NS      | $1300379.09   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                    | Anglo American plc                                                    | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     63131 | NS      | $1776387.09   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                    | AerCap Holdings NV                                                    | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |     13252 | NS      | $1421277.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd.                        | Geely Automobile Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    592000 | NS      | $1327866.73   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| EQB, Inc.                                             | EQB, Inc.                                                             | CUSIP: 26886R104<br>LEI: 549300QAXPCRULOPD247 | Long             | EC               | CORP              | CA        |     11842 | NS      | $880287.24    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Paragon Banking Group plc                             | Paragon Banking Group plc                                             | CUSIP: N/A<br>LEI: 213800S1TDKIB1IUTS72       | Long             | EC               | CORP              | GB        |     86238 | NS      | $1028430.09   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Havas NV                                              | Havas NV                                                              | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | NL        |    478338 | NS      | $768367.88    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SAF-Holland SE                                        | SAF-Holland SE                                                        | CUSIP: N/A<br>LEI: 222100QJQLUJHWREL058       | Long             | EC               | CORP              | DE        |     38980 | NS      | $703166.11    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd.                                   | Kumba Iron Ore Ltd.                                                   | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     44804 | NS      | $740869.33    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group SA          | International Consolidated Airlines Group SA                          | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    224234 | NS      | $1120405.84   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                             | Gerdau SA (Preference)                                                | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    280791 | NS      | $842942.15    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt.                                  | Richter Gedeon Nyrt.                                                  | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     37559 | NS      | $1127349.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.                     | Nomura Real Estate Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |    149000 | NS      | $825700.58    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                    | Grupo Financiero Banorte SAB de CV, Class O                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    175308 | NS      | $1561277.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                                     | HSBC Holdings plc                                                     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    656392 | NS      | $7996806.04   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                       | Nordea Bank Abp                                                       | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    169199 | NS      | $2468916.28   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                      | Tata Motors Ltd.                                                      | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |    142923 | NS      | $1080307.79   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                        | Continental AG                                                        | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |     12190 | NS      | $1041156.20   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke BAM Groep NV                              | Koninklijke BAM Groep NV                                              | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |    130189 | NS      | $1136582.13   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                     | Isuzu Motors Ltd.                                                     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     90000 | NS      | $1153441.19   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Canada                                            | Air Canada                                                            | CUSIP: 008911877<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | EC               | CORP              | CA        |     71410 | NS      | $994668.74    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA           | Hellenic Telecommunications Organization SA                           | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     54745 | NS      | $993352.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd.                                       | Coal India Ltd.                                                       | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |    276459 | NS      | $1182262.15   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker Solutions ASA                                    | Aker Solutions ASA                                                    | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |    284550 | NS      | $841614.30    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Webuild SpA                                           | Webuild SpA                                                           | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               | CORP              | IT        |    251699 | NS      | $1132810.38   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                   | Suncor Energy, Inc.                                                   | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     44857 | NS      | $1769222.76   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group plc                                     | NatWest Group plc                                                     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    339588 | NS      | $2357278.32   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                           | Swiss Re AG                                                           | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |     14700 | NS      | $2631320.48   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co. Ltd.                       | Japan Airport Terminal Co. Ltd.                                       | CUSIP: N/A<br>LEI: 353800W9WEQSGUY2EO26       | Long             | EC               | CORP              | JP        |     25100 | NS      | $762278.10    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                               | Dubai Islamic Bank PJSC                                               | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    233343 | NS      | $632840.73    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                               | SSE plc                                                               | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |     31077 | NS      | $761767.02    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| United Laboratories International Holdings Ltd. (The) | United Laboratories International Holdings Ltd. (The)                 | CUSIP: N/A<br>LEI: 2549007JL3XIH77JXN70       | Long             | EC               | CORP              | KY        |    626000 | NS      | $1173469.62   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                            | BIM Birlesik Magazalar A/S                                            | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |     74405 | NS      | $972338.85    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                    | Canadian Imperial Bank of Commerce                                    | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     41280 | NS      | $2950316.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                          | DNB Bank ASA                                                          | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     61419 | NS      | $1553885.22   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                      | ASR Nederland NV                                                      | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     16499 | NS      | $1095928.71   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                          | Samsung Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    151089 | NS      | $7700095.89   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                             | United Overseas Bank Ltd.                                             | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     62100 | NS      | $1725307.99   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley plc                                           | Beazley plc                                                           | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |     78600 | NS      | $926122.87    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                                  | Tecnicas Reunidas SA                                                  | CUSIP: N/A<br>LEI: 213800JEZBUPZKWJGF49       | Long             | EC               | CORP              | ES        |     55950 | NS      | $1377872.54   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues SA                          | Banco Comercial Portugues SA, Class R                                 | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   1246978 | NS      | $1023950.50   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                      | Deutsche Bank AG (Registered)                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     89058 | NS      | $2933262.34   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Modern Times Group MTG AB                             | Modern Times Group MTG AB, Class B                                    | CUSIP: N/A<br>LEI: 549300E8NDODRSX29339       | Long             | EC               | CORP              | SE        |     68710 | NS      | $706379.33    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer