# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001869
**Filing Date:** 2025-9
**Character Count:** 394258
**Document Hash:** 06cef15e10de9a080219ed3c6da2e26f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001869.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001869

**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:** 251341888

**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 BetaBuilders U.S. Small Cap Equity ETF (Series ID: S000069185)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000221046 | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | BBSC            |

## Nport-Ex

**JPMorgan BetaBuilders U.S. Small Cap Equity 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 BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.0%** | **Common Stocks — 99.0%** | **Common Stocks — 99.0%** |
| **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** |
| &nbsp;&nbsp;&nbsp; AAR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11952 | &nbsp;&nbsp;&nbsp;&nbsp; 892934 |
| &nbsp;&nbsp;&nbsp; AeroVironment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11365 | &nbsp;&nbsp;&nbsp;&nbsp; 3041729 |
| &nbsp;&nbsp;&nbsp; Cadre Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8717 | &nbsp;&nbsp;&nbsp;&nbsp; 288271 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 58812 | &nbsp;&nbsp;&nbsp;&nbsp; 3452265 |
| &nbsp;&nbsp;&nbsp; Mercury Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18415 | &nbsp;&nbsp;&nbsp;&nbsp; 968445 |
| &nbsp;&nbsp;&nbsp; Moog, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 10054 | &nbsp;&nbsp;&nbsp;&nbsp; 1946253 |
| &nbsp;&nbsp;&nbsp; V2X, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6093 | &nbsp;&nbsp;&nbsp;&nbsp; 288686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10878583 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| &nbsp;&nbsp;&nbsp; Hub Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 20023 | &nbsp;&nbsp;&nbsp;&nbsp; 701205 |
| **Automobile Components — 2.4%** | **Automobile Components — 2.4%** | **Automobile Components — 2.4%** |
| &nbsp;&nbsp;&nbsp; Adient plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 29910 | &nbsp;&nbsp;&nbsp;&nbsp; 641270 |
| &nbsp;&nbsp;&nbsp; Dana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46385 | &nbsp;&nbsp;&nbsp;&nbsp; 738449 |
| &nbsp;&nbsp;&nbsp; Dorman Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9320 | &nbsp;&nbsp;&nbsp;&nbsp; 1124179 |
| &nbsp;&nbsp;&nbsp; Fox Factory Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14343 | &nbsp;&nbsp;&nbsp;&nbsp; 435597 |
| &nbsp;&nbsp;&nbsp; Garrett Motion, Inc. (Switzerland) | &nbsp;&nbsp;&nbsp;&nbsp; 42229 | &nbsp;&nbsp;&nbsp;&nbsp; 550666 |
| &nbsp;&nbsp;&nbsp; Gentherm, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10557 | &nbsp;&nbsp;&nbsp;&nbsp; 338246 |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 91837 | &nbsp;&nbsp;&nbsp;&nbsp; 944084 |
| &nbsp;&nbsp;&nbsp; LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp; 8619 | &nbsp;&nbsp;&nbsp;&nbsp; 818805 |
| &nbsp;&nbsp;&nbsp; Mobileye Global, Inc., Class A (Israel) \* | &nbsp;&nbsp;&nbsp;&nbsp; 55310 | &nbsp;&nbsp;&nbsp;&nbsp; 787614 |
| &nbsp;&nbsp;&nbsp; Modine Manufacturing Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17650 | &nbsp;&nbsp;&nbsp;&nbsp; 2374984 |
| &nbsp;&nbsp;&nbsp; Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11508 | &nbsp;&nbsp;&nbsp;&nbsp; 1119038 |
| &nbsp;&nbsp;&nbsp; Phinia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13960 | &nbsp;&nbsp;&nbsp;&nbsp; 707772 |
| &nbsp;&nbsp;&nbsp; QuantumScape Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 147501 | &nbsp;&nbsp;&nbsp;&nbsp; 1268509 |
| &nbsp;&nbsp;&nbsp; Visteon Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8763 | &nbsp;&nbsp;&nbsp;&nbsp; 974008 |
| &nbsp;&nbsp;&nbsp; XPEL, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 7677 | &nbsp;&nbsp;&nbsp;&nbsp; 250961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13074182 |
| **Automobiles — 0.2%** | **Automobiles — 0.2%** | **Automobiles — 0.2%** |
| &nbsp;&nbsp;&nbsp; Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 40381 | &nbsp;&nbsp;&nbsp;&nbsp; 982470 |
| &nbsp;&nbsp;&nbsp; Winnebago Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8825 | &nbsp;&nbsp;&nbsp;&nbsp; 262279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1244749 |
| **Banks — 10.0%** | **Banks — 10.0%** | **Banks — 10.0%** |
| &nbsp;&nbsp;&nbsp; 1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6621 | &nbsp;&nbsp;&nbsp;&nbsp; 396068 |
| &nbsp;&nbsp;&nbsp; Amalgamated Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5838 | &nbsp;&nbsp;&nbsp;&nbsp; 169244 |
| &nbsp;&nbsp;&nbsp; Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 22243 | &nbsp;&nbsp;&nbsp;&nbsp; 1520309 |
| &nbsp;&nbsp;&nbsp; Associated Banc-Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 58535 | &nbsp;&nbsp;&nbsp;&nbsp; 1448156 |
| &nbsp;&nbsp;&nbsp; Atlantic Union Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 46894 | &nbsp;&nbsp;&nbsp;&nbsp; 1486540 |
| &nbsp;&nbsp;&nbsp; Axos Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17598 | &nbsp;&nbsp;&nbsp;&nbsp; 1519587 |
| &nbsp;&nbsp;&nbsp; Banc of California, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 50146 | &nbsp;&nbsp;&nbsp;&nbsp; 728120 |
| &nbsp;&nbsp;&nbsp; BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 7373 | &nbsp;&nbsp;&nbsp;&nbsp; 918086 |
| &nbsp;&nbsp;&nbsp; Bancorp, Inc. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 16242 | &nbsp;&nbsp;&nbsp;&nbsp; 1025845 |
| &nbsp;&nbsp;&nbsp; Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13955 | &nbsp;&nbsp;&nbsp;&nbsp; 863535 |
| &nbsp;&nbsp;&nbsp; BankUnited, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25041 | &nbsp;&nbsp;&nbsp;&nbsp; 913245 |
| &nbsp;&nbsp;&nbsp; Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11210 | &nbsp;&nbsp;&nbsp;&nbsp; 695861 |
| &nbsp;&nbsp;&nbsp; Berkshire Hills Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16461 | &nbsp;&nbsp;&nbsp;&nbsp; 405599 |
| &nbsp;&nbsp;&nbsp; Brookline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29863 | &nbsp;&nbsp;&nbsp;&nbsp; 308186 |
| &nbsp;&nbsp;&nbsp; Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 22783 | &nbsp;&nbsp;&nbsp;&nbsp; 1030247 |
| &nbsp;&nbsp;&nbsp; City Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 5044 | &nbsp;&nbsp;&nbsp;&nbsp; 615872 |
| &nbsp;&nbsp;&nbsp; Columbia Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9705 | &nbsp;&nbsp;&nbsp;&nbsp; 139655 |
| &nbsp;&nbsp;&nbsp; Community Financial System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18166 | &nbsp;&nbsp;&nbsp;&nbsp; 957348 |
| &nbsp;&nbsp;&nbsp; Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5650 | &nbsp;&nbsp;&nbsp;&nbsp; 304987 |
| &nbsp;&nbsp;&nbsp; Customers Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10413 | &nbsp;&nbsp;&nbsp;&nbsp; 663829 |
| &nbsp;&nbsp;&nbsp; CVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 43435 | &nbsp;&nbsp;&nbsp;&nbsp; 811800 |
| &nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14482 | &nbsp;&nbsp;&nbsp;&nbsp; 401296 |
| &nbsp;&nbsp;&nbsp; Eastern Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 68054 | &nbsp;&nbsp;&nbsp;&nbsp; 1051434 |
| &nbsp;&nbsp;&nbsp; Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12937 | &nbsp;&nbsp;&nbsp;&nbsp; 713993 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12109 | &nbsp;&nbsp;&nbsp;&nbsp; 590435 |
| &nbsp;&nbsp;&nbsp; First Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 13822 | &nbsp;&nbsp;&nbsp;&nbsp; 692344 |
| &nbsp;&nbsp;&nbsp; First BanCorp (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 52127 | &nbsp;&nbsp;&nbsp;&nbsp; 1085805 |
| &nbsp;&nbsp;&nbsp; First Busey Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30598 | &nbsp;&nbsp;&nbsp;&nbsp; 682947 |
| &nbsp;&nbsp;&nbsp; First Commonwealth Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 33872 | &nbsp;&nbsp;&nbsp;&nbsp; 559227 |
| &nbsp;&nbsp;&nbsp; First Financial Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 31150 | &nbsp;&nbsp;&nbsp;&nbsp; 755076 |
| &nbsp;&nbsp;&nbsp; First Hawaiian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42909 | &nbsp;&nbsp;&nbsp;&nbsp; 1040543 |
| &nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 31330 | &nbsp;&nbsp;&nbsp;&nbsp; 901991 |
| &nbsp;&nbsp;&nbsp; First Merchants Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19115 | &nbsp;&nbsp;&nbsp;&nbsp; 728664 |
| &nbsp;&nbsp;&nbsp; Flagstar Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 106467 | &nbsp;&nbsp;&nbsp;&nbsp; 1202012 |
| &nbsp;&nbsp;&nbsp; Fulton Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 64756 | &nbsp;&nbsp;&nbsp;&nbsp; 1162370 |
| &nbsp;&nbsp;&nbsp; German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13053 | &nbsp;&nbsp;&nbsp;&nbsp; 501496 |
| &nbsp;&nbsp;&nbsp; Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14455 | &nbsp;&nbsp;&nbsp;&nbsp; 427868 |
| &nbsp;&nbsp;&nbsp; Hope Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43577 | &nbsp;&nbsp;&nbsp;&nbsp; 435334 |
| &nbsp;&nbsp;&nbsp; Independent Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14327 | &nbsp;&nbsp;&nbsp;&nbsp; 910481 |
| &nbsp;&nbsp;&nbsp; International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19057 | &nbsp;&nbsp;&nbsp;&nbsp; 1299306 |
| &nbsp;&nbsp;&nbsp; Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8946 | &nbsp;&nbsp;&nbsp;&nbsp; 566908 |
| &nbsp;&nbsp;&nbsp; Live Oak Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12684 | &nbsp;&nbsp;&nbsp;&nbsp; 400941 |
| &nbsp;&nbsp;&nbsp; National Bank Holdings Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 12030 | &nbsp;&nbsp;&nbsp;&nbsp; 445832 |
| &nbsp;&nbsp;&nbsp; NBT Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15942 | &nbsp;&nbsp;&nbsp;&nbsp; 659680 |
| &nbsp;&nbsp;&nbsp; Nicolet Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4878 | &nbsp;&nbsp;&nbsp;&nbsp; 629262 |
| &nbsp;&nbsp;&nbsp; Northwest Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46876 | &nbsp;&nbsp;&nbsp;&nbsp; 548449 |
| &nbsp;&nbsp;&nbsp; OceanFirst Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19648 | &nbsp;&nbsp;&nbsp;&nbsp; 329693 |
| &nbsp;&nbsp;&nbsp; OFG Bancorp (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 14904 | &nbsp;&nbsp;&nbsp;&nbsp; 635209 |
| &nbsp;&nbsp;&nbsp; Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10509 | &nbsp;&nbsp;&nbsp;&nbsp; 384104 |
| &nbsp;&nbsp;&nbsp; Pacific Premier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32613 | &nbsp;&nbsp;&nbsp;&nbsp; 706724 |
| &nbsp;&nbsp;&nbsp; Park National Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5219 | &nbsp;&nbsp;&nbsp;&nbsp; 844800 |
| &nbsp;&nbsp;&nbsp; Pathward Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8364 | &nbsp;&nbsp;&nbsp;&nbsp; 632528 |
| &nbsp;&nbsp;&nbsp; Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp; 4222 | &nbsp;&nbsp;&nbsp;&nbsp; 383442 |
| &nbsp;&nbsp;&nbsp; Provident Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43008 | &nbsp;&nbsp;&nbsp;&nbsp; 783606 |
| &nbsp;&nbsp;&nbsp; Renasant Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 32774 | &nbsp;&nbsp;&nbsp;&nbsp; 1200839 |
| &nbsp;&nbsp;&nbsp; Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2977 | &nbsp;&nbsp;&nbsp;&nbsp; 204996 |
| &nbsp;&nbsp;&nbsp; S&T Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12331 | &nbsp;&nbsp;&nbsp;&nbsp; 451808 |
| &nbsp;&nbsp;&nbsp; Seacoast Banking Corp. of Florida | &nbsp;&nbsp;&nbsp;&nbsp; 28245 | &nbsp;&nbsp;&nbsp;&nbsp; 796227 |
| &nbsp;&nbsp;&nbsp; ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19285 | &nbsp;&nbsp;&nbsp;&nbsp; 1516765 |
| &nbsp;&nbsp;&nbsp; Simmons First National Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 48632 | &nbsp;&nbsp;&nbsp;&nbsp; 932276 |
| &nbsp;&nbsp;&nbsp; Southside Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9975 | &nbsp;&nbsp;&nbsp;&nbsp; 293664 |
| &nbsp;&nbsp;&nbsp; Stellar Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17521 | &nbsp;&nbsp;&nbsp;&nbsp; 517395 |
| &nbsp;&nbsp;&nbsp; Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9288 | &nbsp;&nbsp;&nbsp;&nbsp; 694371 |
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15295 | &nbsp;&nbsp;&nbsp;&nbsp; 1284321 |
| &nbsp;&nbsp;&nbsp; Towne Bank | &nbsp;&nbsp;&nbsp;&nbsp; 23666 | &nbsp;&nbsp;&nbsp;&nbsp; 829020 |
| &nbsp;&nbsp;&nbsp; TriCo Bancshares | &nbsp;&nbsp;&nbsp;&nbsp; 10726 | &nbsp;&nbsp;&nbsp;&nbsp; 441053 |
| &nbsp;&nbsp;&nbsp; Triumph Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7687 | &nbsp;&nbsp;&nbsp;&nbsp; 436007 |
| &nbsp;&nbsp;&nbsp; Trustmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 20283 | &nbsp;&nbsp;&nbsp;&nbsp; 755542 |
| &nbsp;&nbsp;&nbsp; United Community Banks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 40321 | &nbsp;&nbsp;&nbsp;&nbsp; 1229791 |
| &nbsp;&nbsp;&nbsp; Veritex Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16778 | &nbsp;&nbsp;&nbsp;&nbsp; 532198 |
| &nbsp;&nbsp;&nbsp; WaFd, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26806 | &nbsp;&nbsp;&nbsp;&nbsp; 780189 |
| &nbsp;&nbsp;&nbsp; WesBanco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32146 | &nbsp;&nbsp;&nbsp;&nbsp; 968559 |
| &nbsp;&nbsp;&nbsp; Westamerica BanCorp | &nbsp;&nbsp;&nbsp;&nbsp; 8499 | &nbsp;&nbsp;&nbsp;&nbsp; 407102 |
| &nbsp;&nbsp;&nbsp; WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19181 | &nbsp;&nbsp;&nbsp;&nbsp; 1051886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 55339928 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| &nbsp;&nbsp;&nbsp; Boston Beer Co., Inc. (The), Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 2986 | &nbsp;&nbsp;&nbsp;&nbsp; 618341 |
| &nbsp;&nbsp;&nbsp; Vita Coco Co., Inc. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 14585 | &nbsp;&nbsp;&nbsp;&nbsp; 514267 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1132608 |
| **Biotechnology — 6.4%** | **Biotechnology — 6.4%** | **Biotechnology — 6.4%** |
| &nbsp;&nbsp;&nbsp; ACADIA Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44016 | &nbsp;&nbsp;&nbsp;&nbsp; 1048901 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Biotechnology — continued** | **Biotechnology — continued** | **Biotechnology — continued** |
| &nbsp;&nbsp;&nbsp; ADMA Biologics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 83219 | &nbsp;&nbsp;&nbsp;&nbsp; 1556195 |
| &nbsp;&nbsp;&nbsp; Agios Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20464 | &nbsp;&nbsp;&nbsp;&nbsp; 761670 |
| &nbsp;&nbsp;&nbsp; Akero Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22623 | &nbsp;&nbsp;&nbsp;&nbsp; 1105134 |
| &nbsp;&nbsp;&nbsp; Amicus Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 90932 | &nbsp;&nbsp;&nbsp;&nbsp; 544683 |
| &nbsp;&nbsp;&nbsp; Apellis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28404 | &nbsp;&nbsp;&nbsp;&nbsp; 634545 |
| &nbsp;&nbsp;&nbsp; Apogee Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9124 | &nbsp;&nbsp;&nbsp;&nbsp; 349084 |
| &nbsp;&nbsp;&nbsp; Arcellx, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13570 | &nbsp;&nbsp;&nbsp;&nbsp; 968762 |
| &nbsp;&nbsp;&nbsp; Arcus Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24377 | &nbsp;&nbsp;&nbsp;&nbsp; 222562 |
| &nbsp;&nbsp;&nbsp; Arcutis Biotherapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38551 | &nbsp;&nbsp;&nbsp;&nbsp; 562074 |
| &nbsp;&nbsp;&nbsp; Ardelyx, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 79156 | &nbsp;&nbsp;&nbsp;&nbsp; 335621 |
| &nbsp;&nbsp;&nbsp; Arrowhead Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42739 | &nbsp;&nbsp;&nbsp;&nbsp; 675276 |
| &nbsp;&nbsp;&nbsp; Aurinia Pharmaceuticals, Inc. (Canada) \* | &nbsp;&nbsp;&nbsp;&nbsp; 42405 | &nbsp;&nbsp;&nbsp;&nbsp; 392034 |
| &nbsp;&nbsp;&nbsp; Avidity Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33311 | &nbsp;&nbsp;&nbsp;&nbsp; 1222847 |
| &nbsp;&nbsp;&nbsp; Beam Therapeutics, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 32567 | &nbsp;&nbsp;&nbsp;&nbsp; 641896 |
| &nbsp;&nbsp;&nbsp; Bicara Therapeutics, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 10176 | &nbsp;&nbsp;&nbsp;&nbsp; 113055 |
| &nbsp;&nbsp;&nbsp; BioCryst Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 68655 | &nbsp;&nbsp;&nbsp;&nbsp; 558852 |
| &nbsp;&nbsp;&nbsp; Biohaven Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32217 | &nbsp;&nbsp;&nbsp;&nbsp; 486477 |
| &nbsp;&nbsp;&nbsp; CareDx, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19328 | &nbsp;&nbsp;&nbsp;&nbsp; 237444 |
| &nbsp;&nbsp;&nbsp; Catalyst Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40722 | &nbsp;&nbsp;&nbsp;&nbsp; 868600 |
| &nbsp;&nbsp;&nbsp; Celldex Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18643 | &nbsp;&nbsp;&nbsp;&nbsp; 409773 |
| &nbsp;&nbsp;&nbsp; CG oncology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19461 | &nbsp;&nbsp;&nbsp;&nbsp; 519414 |
| &nbsp;&nbsp;&nbsp; Crinetics Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32864 | &nbsp;&nbsp;&nbsp;&nbsp; 939582 |
| &nbsp;&nbsp;&nbsp; Day One Biopharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24452 | &nbsp;&nbsp;&nbsp;&nbsp; 164073 |
| &nbsp;&nbsp;&nbsp; Denali Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47709 | &nbsp;&nbsp;&nbsp;&nbsp; 659815 |
| &nbsp;&nbsp;&nbsp; Disc Medicine, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8324 | &nbsp;&nbsp;&nbsp;&nbsp; 497442 |
| &nbsp;&nbsp;&nbsp; Dynavax Technologies Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37153 | &nbsp;&nbsp;&nbsp;&nbsp; 407940 |
| &nbsp;&nbsp;&nbsp; Dyne Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39860 | &nbsp;&nbsp;&nbsp;&nbsp; 392621 |
| &nbsp;&nbsp;&nbsp; Geron Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 191499 | &nbsp;&nbsp;&nbsp;&nbsp; 220224 |
| &nbsp;&nbsp;&nbsp; GRAIL, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 8924 | &nbsp;&nbsp;&nbsp;&nbsp; 305290 |
| &nbsp;&nbsp;&nbsp; Ideaya Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29976 | &nbsp;&nbsp;&nbsp;&nbsp; 729916 |
| &nbsp;&nbsp;&nbsp; ImmunityBio, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 80049 | &nbsp;&nbsp;&nbsp;&nbsp; 196921 |
| &nbsp;&nbsp;&nbsp; Immunovant, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24568 | &nbsp;&nbsp;&nbsp;&nbsp; 395053 |
| &nbsp;&nbsp;&nbsp; Intellia Therapeutics, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 34894 | &nbsp;&nbsp;&nbsp;&nbsp; 406166 |
| &nbsp;&nbsp;&nbsp; Iovance Biotherapeutics, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 92294 | &nbsp;&nbsp;&nbsp;&nbsp; 237196 |
| &nbsp;&nbsp;&nbsp; Janux Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13717 | &nbsp;&nbsp;&nbsp;&nbsp; 329414 |
| &nbsp;&nbsp;&nbsp; Krystal Biotech, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9225 | &nbsp;&nbsp;&nbsp;&nbsp; 1419451 |
| &nbsp;&nbsp;&nbsp; Kymera Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16994 | &nbsp;&nbsp;&nbsp;&nbsp; 743487 |
| &nbsp;&nbsp;&nbsp; MannKind Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 105478 | &nbsp;&nbsp;&nbsp;&nbsp; 398707 |
| &nbsp;&nbsp;&nbsp; Metsera, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 5366 | &nbsp;&nbsp;&nbsp;&nbsp; 177024 |
| &nbsp;&nbsp;&nbsp; Mirum Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13844 | &nbsp;&nbsp;&nbsp;&nbsp; 715458 |
| &nbsp;&nbsp;&nbsp; MoonLake Immunotherapeutics \* | &nbsp;&nbsp;&nbsp;&nbsp; 10215 | &nbsp;&nbsp;&nbsp;&nbsp; 515245 |
| &nbsp;&nbsp;&nbsp; Nuvalent, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 14235 | &nbsp;&nbsp;&nbsp;&nbsp; 1115312 |
| &nbsp;&nbsp;&nbsp; OmniAb Operations, Inc. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 2112 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Protagonist Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18679 | &nbsp;&nbsp;&nbsp;&nbsp; 1006051 |
| &nbsp;&nbsp;&nbsp; PTC Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25180 | &nbsp;&nbsp;&nbsp;&nbsp; 1312130 |
| &nbsp;&nbsp;&nbsp; Recursion Pharmaceuticals, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 110157 | &nbsp;&nbsp;&nbsp;&nbsp; 655434 |
| &nbsp;&nbsp;&nbsp; Rhythm Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16911 | &nbsp;&nbsp;&nbsp;&nbsp; 1441325 |
| &nbsp;&nbsp;&nbsp; Rocket Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30679 | &nbsp;&nbsp;&nbsp;&nbsp; 93571 |
| &nbsp;&nbsp;&nbsp; Scholar Rock Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24997 | &nbsp;&nbsp;&nbsp;&nbsp; 926139 |
| &nbsp;&nbsp;&nbsp; Soleno Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10857 | &nbsp;&nbsp;&nbsp;&nbsp; 938805 |
| &nbsp;&nbsp;&nbsp; Spyre Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13857 | &nbsp;&nbsp;&nbsp;&nbsp; 235153 |
| &nbsp;&nbsp;&nbsp; Syndax Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28295 | &nbsp;&nbsp;&nbsp;&nbsp; 280686 |
| &nbsp;&nbsp;&nbsp; Travere Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29794 | &nbsp;&nbsp;&nbsp;&nbsp; 460317 |
| &nbsp;&nbsp;&nbsp; Twist Bioscience Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21195 | &nbsp;&nbsp;&nbsp;&nbsp; 711516 |
| &nbsp;&nbsp;&nbsp; Vera Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16783 | &nbsp;&nbsp;&nbsp;&nbsp; 348919 |
| &nbsp;&nbsp;&nbsp; Veracyte, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25605 | &nbsp;&nbsp;&nbsp;&nbsp; 601974 |
| &nbsp;&nbsp;&nbsp; Vericel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17886 | &nbsp;&nbsp;&nbsp;&nbsp; 624937 |
| &nbsp;&nbsp;&nbsp; Vir Biotechnology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32292 | &nbsp;&nbsp;&nbsp;&nbsp; 163720 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Biotechnology — continued** | **Biotechnology — continued** | **Biotechnology — continued** |
| &nbsp;&nbsp;&nbsp; Viridian Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25085 | &nbsp;&nbsp;&nbsp;&nbsp; 439489 |
| &nbsp;&nbsp;&nbsp; Xencor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21061 | &nbsp;&nbsp;&nbsp;&nbsp; 175228 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 35596630 |
| **Building Products — 1.6%** | **Building Products — 1.6%** | **Building Products — 1.6%** |
| &nbsp;&nbsp;&nbsp; American Woodmark Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5179 | &nbsp;&nbsp;&nbsp;&nbsp; 272467 |
| &nbsp;&nbsp;&nbsp; Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6984 | &nbsp;&nbsp;&nbsp;&nbsp; 293258 |
| &nbsp;&nbsp;&nbsp; AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10059 | &nbsp;&nbsp;&nbsp;&nbsp; 1101461 |
| &nbsp;&nbsp;&nbsp; CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5874 | &nbsp;&nbsp;&nbsp;&nbsp; 1524186 |
| &nbsp;&nbsp;&nbsp; Gibraltar Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10425 | &nbsp;&nbsp;&nbsp;&nbsp; 688363 |
| &nbsp;&nbsp;&nbsp; Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14241 | &nbsp;&nbsp;&nbsp;&nbsp; 1157366 |
| &nbsp;&nbsp;&nbsp; Hayward Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 71872 | &nbsp;&nbsp;&nbsp;&nbsp; 1105391 |
| &nbsp;&nbsp;&nbsp; Janus International Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38583 | &nbsp;&nbsp;&nbsp;&nbsp; 330656 |
| &nbsp;&nbsp;&nbsp; Masterbrand, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 43274 | &nbsp;&nbsp;&nbsp;&nbsp; 477312 |
| &nbsp;&nbsp;&nbsp; Resideo Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 49580 | &nbsp;&nbsp;&nbsp;&nbsp; 1353534 |
| &nbsp;&nbsp;&nbsp; Tecnoglass, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8509 | &nbsp;&nbsp;&nbsp;&nbsp; 663957 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8967951 |
| **Capital Markets — 2.7%** | **Capital Markets — 2.7%** | **Capital Markets — 2.7%** |
| &nbsp;&nbsp;&nbsp; Acadian Asset Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9820 | &nbsp;&nbsp;&nbsp;&nbsp; 410378 |
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 24865 | &nbsp;&nbsp;&nbsp;&nbsp; 1125141 |
| &nbsp;&nbsp;&nbsp; BGC Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 126149 | &nbsp;&nbsp;&nbsp;&nbsp; 1169401 |
| &nbsp;&nbsp;&nbsp; DigitalBridge Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 54021 | &nbsp;&nbsp;&nbsp;&nbsp; 580186 |
| &nbsp;&nbsp;&nbsp; Donnelley Financial Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8945 | &nbsp;&nbsp;&nbsp;&nbsp; 473727 |
| &nbsp;&nbsp;&nbsp; Moelis & Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 26491 | &nbsp;&nbsp;&nbsp;&nbsp; 1858079 |
| &nbsp;&nbsp;&nbsp; Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;&nbsp; 5460 | &nbsp;&nbsp;&nbsp;&nbsp; 1721647 |
| &nbsp;&nbsp;&nbsp; PJT Partners, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 7912 | &nbsp;&nbsp;&nbsp;&nbsp; 1413241 |
| &nbsp;&nbsp;&nbsp; StepStone Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 22616 | &nbsp;&nbsp;&nbsp;&nbsp; 1342486 |
| &nbsp;&nbsp;&nbsp; StoneX Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15484 | &nbsp;&nbsp;&nbsp;&nbsp; 1505664 |
| &nbsp;&nbsp;&nbsp; Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 16368 | &nbsp;&nbsp;&nbsp;&nbsp; 1127919 |
| &nbsp;&nbsp;&nbsp; Virtu Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 28762 | &nbsp;&nbsp;&nbsp;&nbsp; 1269555 |
| &nbsp;&nbsp;&nbsp; Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2242 | &nbsp;&nbsp;&nbsp;&nbsp; 433401 |
| &nbsp;&nbsp;&nbsp; WisdomTree, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42377 | &nbsp;&nbsp;&nbsp;&nbsp; 562343 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14993168 |
| **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** |
| &nbsp;&nbsp;&nbsp; Ashland, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15769 | &nbsp;&nbsp;&nbsp;&nbsp; 813050 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 52955 | &nbsp;&nbsp;&nbsp;&nbsp; 634401 |
| &nbsp;&nbsp;&nbsp; Hawkins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6804 | &nbsp;&nbsp;&nbsp;&nbsp; 1110957 |
| &nbsp;&nbsp;&nbsp; Huntsman Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 55764 | &nbsp;&nbsp;&nbsp;&nbsp; 540911 |
| &nbsp;&nbsp;&nbsp; Ingevity Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11685 | &nbsp;&nbsp;&nbsp;&nbsp; 488316 |
| &nbsp;&nbsp;&nbsp; Innospec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8460 | &nbsp;&nbsp;&nbsp;&nbsp; 675954 |
| &nbsp;&nbsp;&nbsp; Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10370 | &nbsp;&nbsp;&nbsp;&nbsp; 603015 |
| &nbsp;&nbsp;&nbsp; Olin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39658 | &nbsp;&nbsp;&nbsp;&nbsp; 751123 |
| &nbsp;&nbsp;&nbsp; Perimeter Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47603 | &nbsp;&nbsp;&nbsp;&nbsp; 767836 |
| &nbsp;&nbsp;&nbsp; PureCycle Technologies, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 46512 | &nbsp;&nbsp;&nbsp;&nbsp; 623726 |
| &nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4947 | &nbsp;&nbsp;&nbsp;&nbsp; 566036 |
| &nbsp;&nbsp;&nbsp; Stepan Co. | &nbsp;&nbsp;&nbsp;&nbsp; 7309 | &nbsp;&nbsp;&nbsp;&nbsp; 371078 |
| &nbsp;&nbsp;&nbsp; Tronox Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 39495 | &nbsp;&nbsp;&nbsp;&nbsp; 125989 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8072392 |
| **Commercial Services & Supplies — 2.3%** | **Commercial Services & Supplies — 2.3%** | **Commercial Services & Supplies — 2.3%** |
| &nbsp;&nbsp;&nbsp; ABM Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20579 | &nbsp;&nbsp;&nbsp;&nbsp; 949309 |
| &nbsp;&nbsp;&nbsp; ACV Auctions, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 55101 | &nbsp;&nbsp;&nbsp;&nbsp; 782985 |
| &nbsp;&nbsp;&nbsp; Brady Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 15205 | &nbsp;&nbsp;&nbsp;&nbsp; 1073017 |
| &nbsp;&nbsp;&nbsp; BrightView Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20293 | &nbsp;&nbsp;&nbsp;&nbsp; 323673 |
| &nbsp;&nbsp;&nbsp; Brink's Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 14741 | &nbsp;&nbsp;&nbsp;&nbsp; 1287479 |
| &nbsp;&nbsp;&nbsp; Cimpress plc (Ireland) \* | &nbsp;&nbsp;&nbsp;&nbsp; 5400 | &nbsp;&nbsp;&nbsp;&nbsp; 298674 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38647 | &nbsp;&nbsp;&nbsp;&nbsp; 774486 |
| &nbsp;&nbsp;&nbsp; Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22013 | &nbsp;&nbsp;&nbsp;&nbsp; 372020 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Commercial Services & Supplies — continued** | **Commercial Services & Supplies — continued** | **Commercial Services & Supplies — continued** |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 47128 | &nbsp;&nbsp;&nbsp;&nbsp; 1221558 |
| &nbsp;&nbsp;&nbsp; Healthcare Services Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24086 | &nbsp;&nbsp;&nbsp;&nbsp; 313359 |
| &nbsp;&nbsp;&nbsp; HNI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16283 | &nbsp;&nbsp;&nbsp;&nbsp; 837597 |
| &nbsp;&nbsp;&nbsp; MillerKnoll, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23879 | &nbsp;&nbsp;&nbsp;&nbsp; 453223 |
| &nbsp;&nbsp;&nbsp; OPENLANE, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 35719 | &nbsp;&nbsp;&nbsp;&nbsp; 880116 |
| &nbsp;&nbsp;&nbsp; Pitney Bowes, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60064 | &nbsp;&nbsp;&nbsp;&nbsp; 682327 |
| &nbsp;&nbsp;&nbsp; Steelcase, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 33255 | &nbsp;&nbsp;&nbsp;&nbsp; 343524 |
| &nbsp;&nbsp;&nbsp; UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5121 | &nbsp;&nbsp;&nbsp;&nbsp; 875845 |
| &nbsp;&nbsp;&nbsp; Vestis Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 46493 | &nbsp;&nbsp;&nbsp;&nbsp; 281748 |
| &nbsp;&nbsp;&nbsp; VSE Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6546 | &nbsp;&nbsp;&nbsp;&nbsp; 1024711 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12775651 |
| **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** |
| &nbsp;&nbsp;&nbsp; Calix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20903 | &nbsp;&nbsp;&nbsp;&nbsp; 1184991 |
| &nbsp;&nbsp;&nbsp; CommScope Holding Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73081 | &nbsp;&nbsp;&nbsp;&nbsp; 599264 |
| &nbsp;&nbsp;&nbsp; Digi International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12335 | &nbsp;&nbsp;&nbsp;&nbsp; 402244 |
| &nbsp;&nbsp;&nbsp; Extreme Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47361 | &nbsp;&nbsp;&nbsp;&nbsp; 836395 |
| &nbsp;&nbsp;&nbsp; Harmonic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40052 | &nbsp;&nbsp;&nbsp;&nbsp; 340843 |
| &nbsp;&nbsp;&nbsp; NetScout Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23908 | &nbsp;&nbsp;&nbsp;&nbsp; 512110 |
| &nbsp;&nbsp;&nbsp; Viasat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 36749 | &nbsp;&nbsp;&nbsp;&nbsp; 603786 |
| &nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73855 | &nbsp;&nbsp;&nbsp;&nbsp; 742243 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5221876 |
| **Construction & Engineering — 2.7%** | **Construction & Engineering — 2.7%** | **Construction & Engineering — 2.7%** |
| &nbsp;&nbsp;&nbsp; Argan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4625 | &nbsp;&nbsp;&nbsp;&nbsp; 1133032 |
| &nbsp;&nbsp;&nbsp; Centuri Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5975 | &nbsp;&nbsp;&nbsp;&nbsp; 130255 |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 16683 | &nbsp;&nbsp;&nbsp;&nbsp; 1682481 |
| &nbsp;&nbsp;&nbsp; Dycom Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9896 | &nbsp;&nbsp;&nbsp;&nbsp; 2660144 |
| &nbsp;&nbsp;&nbsp; Everus Construction Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18106 | &nbsp;&nbsp;&nbsp;&nbsp; 1344552 |
| &nbsp;&nbsp;&nbsp; Granite Construction, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14718 | &nbsp;&nbsp;&nbsp;&nbsp; 1390409 |
| &nbsp;&nbsp;&nbsp; IES Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2993 | &nbsp;&nbsp;&nbsp;&nbsp; 1056739 |
| &nbsp;&nbsp;&nbsp; MYR Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5326 | &nbsp;&nbsp;&nbsp;&nbsp; 1030581 |
| &nbsp;&nbsp;&nbsp; Primoris Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19020 | &nbsp;&nbsp;&nbsp;&nbsp; 1791113 |
| &nbsp;&nbsp;&nbsp; Sterling Infrastructure, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10861 | &nbsp;&nbsp;&nbsp;&nbsp; 2906295 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15125601 |
| **Construction Materials — 0.3%** | **Construction Materials — 0.3%** | **Construction Materials — 0.3%** |
| &nbsp;&nbsp;&nbsp; Knife River Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18153 | &nbsp;&nbsp;&nbsp;&nbsp; 1497260 |
| &nbsp;&nbsp;&nbsp; United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3835 | &nbsp;&nbsp;&nbsp;&nbsp; 381889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1879149 |
| **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** |
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16257 | &nbsp;&nbsp;&nbsp;&nbsp; 996554 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7519 | &nbsp;&nbsp;&nbsp;&nbsp; 277301 |
| &nbsp;&nbsp;&nbsp; Enova International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8541 | &nbsp;&nbsp;&nbsp;&nbsp; 893047 |
| &nbsp;&nbsp;&nbsp; LendingClub Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39514 | &nbsp;&nbsp;&nbsp;&nbsp; 616023 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24600 | &nbsp;&nbsp;&nbsp;&nbsp; 318324 |
| &nbsp;&nbsp;&nbsp; Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 4096 | &nbsp;&nbsp;&nbsp;&nbsp; 511058 |
| &nbsp;&nbsp;&nbsp; PROG Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14135 | &nbsp;&nbsp;&nbsp;&nbsp; 450058 |
| &nbsp;&nbsp;&nbsp; Upstart Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29610 | &nbsp;&nbsp;&nbsp;&nbsp; 2420322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6482687 |
| **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** |
| &nbsp;&nbsp;&nbsp; Andersons, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 11698 | &nbsp;&nbsp;&nbsp;&nbsp; 420192 |
| &nbsp;&nbsp;&nbsp; Chefs' Warehouse, Inc. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 13014 | &nbsp;&nbsp;&nbsp;&nbsp; 892240 |
| &nbsp;&nbsp;&nbsp; Grocery Outlet Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 31951 | &nbsp;&nbsp;&nbsp;&nbsp; 420795 |
| &nbsp;&nbsp;&nbsp; Ingles Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 5159 | &nbsp;&nbsp;&nbsp;&nbsp; 324656 |
| &nbsp;&nbsp;&nbsp; PriceSmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8320 | &nbsp;&nbsp;&nbsp;&nbsp; 894400 |
| &nbsp;&nbsp;&nbsp; Weis Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5103 | &nbsp;&nbsp;&nbsp;&nbsp; 369508 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3321791 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
| &nbsp;&nbsp;&nbsp; Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 8548 | &nbsp;&nbsp;&nbsp;&nbsp; 542200 |
| &nbsp;&nbsp;&nbsp; O-I Glass, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 52321 | &nbsp;&nbsp;&nbsp;&nbsp; 680696 |
| &nbsp;&nbsp;&nbsp; TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11736 | &nbsp;&nbsp;&nbsp;&nbsp; 419327 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1642223 |
| **Diversified Consumer Services — 1.7%** | **Diversified Consumer Services — 1.7%** | **Diversified Consumer Services — 1.7%** |
| &nbsp;&nbsp;&nbsp; Adtalem Global Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13146 | &nbsp;&nbsp;&nbsp;&nbsp; 1502193 |
| &nbsp;&nbsp;&nbsp; Coursera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40804 | &nbsp;&nbsp;&nbsp;&nbsp; 515763 |
| &nbsp;&nbsp;&nbsp; Frontdoor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25610 | &nbsp;&nbsp;&nbsp;&nbsp; 1498185 |
| &nbsp;&nbsp;&nbsp; Graham Holdings Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 1183 | &nbsp;&nbsp;&nbsp;&nbsp; 1128795 |
| &nbsp;&nbsp;&nbsp; KinderCare Learning Cos., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11039 | &nbsp;&nbsp;&nbsp;&nbsp; 106085 |
| &nbsp;&nbsp;&nbsp; Laureate Education, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 43941 | &nbsp;&nbsp;&nbsp;&nbsp; 993067 |
| &nbsp;&nbsp;&nbsp; Mister Car Wash, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37467 | &nbsp;&nbsp;&nbsp;&nbsp; 216372 |
| &nbsp;&nbsp;&nbsp; OneSpaWorld Holdings Ltd. (Bahamas) | &nbsp;&nbsp;&nbsp;&nbsp; 33186 | &nbsp;&nbsp;&nbsp;&nbsp; 734074 |
| &nbsp;&nbsp;&nbsp; Strategic Education, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7895 | &nbsp;&nbsp;&nbsp;&nbsp; 585375 |
| &nbsp;&nbsp;&nbsp; Stride, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14350 | &nbsp;&nbsp;&nbsp;&nbsp; 1840100 |
| &nbsp;&nbsp;&nbsp; Udemy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29316 | &nbsp;&nbsp;&nbsp;&nbsp; 223095 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9343104 |
| **Diversified REITs — 0.4%** | **Diversified REITs — 0.4%** | **Diversified REITs — 0.4%** |
| &nbsp;&nbsp;&nbsp; Alexander & Baldwin, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25878 | &nbsp;&nbsp;&nbsp;&nbsp; 465287 |
| &nbsp;&nbsp;&nbsp; American Assets Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16981 | &nbsp;&nbsp;&nbsp;&nbsp; 323148 |
| &nbsp;&nbsp;&nbsp; Broadstone Net Lease, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61583 | &nbsp;&nbsp;&nbsp;&nbsp; 1000108 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 70900 | &nbsp;&nbsp;&nbsp;&nbsp; 495591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2284134 |
| **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; Cogent Communications Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15852 | &nbsp;&nbsp;&nbsp;&nbsp; 722693 |
| &nbsp;&nbsp;&nbsp; Globalstar, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17585 | &nbsp;&nbsp;&nbsp;&nbsp; 413072 |
| &nbsp;&nbsp;&nbsp; Iridium Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34684 | &nbsp;&nbsp;&nbsp;&nbsp; 848371 |
| &nbsp;&nbsp;&nbsp; Liberty Latin America Ltd., Class C (Puerto Rico) \* | &nbsp;&nbsp;&nbsp;&nbsp; 38433 | &nbsp;&nbsp;&nbsp;&nbsp; 274411 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2258547 |
| **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** |
| &nbsp;&nbsp;&nbsp; Hawaiian Electric Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 61524 | &nbsp;&nbsp;&nbsp;&nbsp; 659537 |
| &nbsp;&nbsp;&nbsp; MGE Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13023 | &nbsp;&nbsp;&nbsp;&nbsp; 1106174 |
| &nbsp;&nbsp;&nbsp; Oklo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32065 | &nbsp;&nbsp;&nbsp;&nbsp; 2455858 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4221569 |
| **Electrical Equipment — 1.6%** | **Electrical Equipment — 1.6%** | **Electrical Equipment — 1.6%** |
| &nbsp;&nbsp;&nbsp; Atkore, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11546 | &nbsp;&nbsp;&nbsp;&nbsp; 889273 |
| &nbsp;&nbsp;&nbsp; Bloom Energy Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 71577 | &nbsp;&nbsp;&nbsp;&nbsp; 2676264 |
| &nbsp;&nbsp;&nbsp; Enovix Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 52193 | &nbsp;&nbsp;&nbsp;&nbsp; 699386 |
| &nbsp;&nbsp;&nbsp; NuScale Power Corp. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 46216 | &nbsp;&nbsp;&nbsp;&nbsp; 2320505 |
| &nbsp;&nbsp;&nbsp; Plug Power, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 304682 | &nbsp;&nbsp;&nbsp;&nbsp; 457023 |
| &nbsp;&nbsp;&nbsp; Powell Industries, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 3301 | &nbsp;&nbsp;&nbsp;&nbsp; 782667 |
| &nbsp;&nbsp;&nbsp; Sunrun, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 75044 | &nbsp;&nbsp;&nbsp;&nbsp; 769952 |
| &nbsp;&nbsp;&nbsp; Vicor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8228 | &nbsp;&nbsp;&nbsp;&nbsp; 365652 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8960722 |
| **Electronic Equipment, Instruments & Components — 2.5%** | **Electronic Equipment, Instruments & Components — 2.5%** | **Electronic Equipment, Instruments & Components — 2.5%** |
| &nbsp;&nbsp;&nbsp; Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11393 | &nbsp;&nbsp;&nbsp;&nbsp; 438631 |
| &nbsp;&nbsp;&nbsp; Crane NXT Co. | &nbsp;&nbsp;&nbsp;&nbsp; 19230 | &nbsp;&nbsp;&nbsp;&nbsp; 1141108 |
| &nbsp;&nbsp;&nbsp; CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10224 | &nbsp;&nbsp;&nbsp;&nbsp; 400679 |
| &nbsp;&nbsp;&nbsp; ePlus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8983 | &nbsp;&nbsp;&nbsp;&nbsp; 581919 |
| &nbsp;&nbsp;&nbsp; IPG Photonics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9247 | &nbsp;&nbsp;&nbsp;&nbsp; 692508 |
| &nbsp;&nbsp;&nbsp; Itron, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16230 | &nbsp;&nbsp;&nbsp;&nbsp; 2021284 |
| &nbsp;&nbsp;&nbsp; Knowles Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28837 | &nbsp;&nbsp;&nbsp;&nbsp; 585679 |
| &nbsp;&nbsp;&nbsp; Mirion Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73901 | &nbsp;&nbsp;&nbsp;&nbsp; 1651687 |
| &nbsp;&nbsp;&nbsp; Napco Security Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12351 | &nbsp;&nbsp;&nbsp;&nbsp; 377076 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Electronic Equipment, Instruments & Components — continued** | **Electronic Equipment, Instruments & Components — continued** | **Electronic Equipment, Instruments & Components — continued** |
| &nbsp;&nbsp;&nbsp; OSI Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5627 | &nbsp;&nbsp;&nbsp;&nbsp; 1243623 |
| &nbsp;&nbsp;&nbsp; PAR Technology Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14245 | &nbsp;&nbsp;&nbsp;&nbsp; 865811 |
| &nbsp;&nbsp;&nbsp; PC Connection, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3763 | &nbsp;&nbsp;&nbsp;&nbsp; 231763 |
| &nbsp;&nbsp;&nbsp; Plexus Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9069 | &nbsp;&nbsp;&nbsp;&nbsp; 1156298 |
| &nbsp;&nbsp;&nbsp; Rogers Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5916 | &nbsp;&nbsp;&nbsp;&nbsp; 387971 |
| &nbsp;&nbsp;&nbsp; TTM Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33589 | &nbsp;&nbsp;&nbsp;&nbsp; 1587080 |
| &nbsp;&nbsp;&nbsp; Vishay Intertechnology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 36456 | &nbsp;&nbsp;&nbsp;&nbsp; 597514 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13960631 |
| **Energy Equipment & Services — 2.0%** | **Energy Equipment & Services — 2.0%** | **Energy Equipment & Services — 2.0%** |
| &nbsp;&nbsp;&nbsp; Archrock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60919 | &nbsp;&nbsp;&nbsp;&nbsp; 1423068 |
| &nbsp;&nbsp;&nbsp; Atlas Energy Solutions, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 26389 | &nbsp;&nbsp;&nbsp;&nbsp; 343057 |
| &nbsp;&nbsp;&nbsp; Cactus, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 24286 | &nbsp;&nbsp;&nbsp;&nbsp; 1027541 |
| &nbsp;&nbsp;&nbsp; Helix Energy Solutions Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46109 | &nbsp;&nbsp;&nbsp;&nbsp; 273426 |
| &nbsp;&nbsp;&nbsp; Helmerich & Payne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33483 | &nbsp;&nbsp;&nbsp;&nbsp; 542759 |
| &nbsp;&nbsp;&nbsp; Kodiak Gas Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18655 | &nbsp;&nbsp;&nbsp;&nbsp; 603116 |
| &nbsp;&nbsp;&nbsp; Liberty Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 55691 | &nbsp;&nbsp;&nbsp;&nbsp; 687227 |
| &nbsp;&nbsp;&nbsp; Noble Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 44793 | &nbsp;&nbsp;&nbsp;&nbsp; 1200900 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 35681 | &nbsp;&nbsp;&nbsp;&nbsp; 774278 |
| &nbsp;&nbsp;&nbsp; Patterson-UTI Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 121977 | &nbsp;&nbsp;&nbsp;&nbsp; 720884 |
| &nbsp;&nbsp;&nbsp; RPC, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31267 | &nbsp;&nbsp;&nbsp;&nbsp; 145391 |
| &nbsp;&nbsp;&nbsp; Seadrill Ltd. (Norway) \* | &nbsp;&nbsp;&nbsp;&nbsp; 20845 | &nbsp;&nbsp;&nbsp;&nbsp; 607840 |
| &nbsp;&nbsp;&nbsp; Tidewater, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16562 | &nbsp;&nbsp;&nbsp;&nbsp; 828266 |
| &nbsp;&nbsp;&nbsp; Transocean Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 246865 | &nbsp;&nbsp;&nbsp;&nbsp; 720846 |
| &nbsp;&nbsp;&nbsp; Valaris Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21766 | &nbsp;&nbsp;&nbsp;&nbsp; 1058481 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10957080 |
| **Entertainment — 1.0%** | **Entertainment — 1.0%** | **Entertainment — 1.0%** |
| &nbsp;&nbsp;&nbsp; AMC Entertainment Holdings, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 153939 | &nbsp;&nbsp;&nbsp;&nbsp; 446423 |
| &nbsp;&nbsp;&nbsp; Atlanta Braves Holdings, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 3547 | &nbsp;&nbsp;&nbsp;&nbsp; 167064 |
| &nbsp;&nbsp;&nbsp; Atlanta Braves Holdings, Inc., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 16588 | &nbsp;&nbsp;&nbsp;&nbsp; 739161 |
| &nbsp;&nbsp;&nbsp; Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35666 | &nbsp;&nbsp;&nbsp;&nbsp; 958346 |
| &nbsp;&nbsp;&nbsp; IMAX Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15623 | &nbsp;&nbsp;&nbsp;&nbsp; 402917 |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp-Liberty Live, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 7011 | &nbsp;&nbsp;&nbsp;&nbsp; 573500 |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp-Liberty Live, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 16574 | &nbsp;&nbsp;&nbsp;&nbsp; 1396028 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14162 | &nbsp;&nbsp;&nbsp;&nbsp; 535182 |
| &nbsp;&nbsp;&nbsp; Playtika Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 25473 | &nbsp;&nbsp;&nbsp;&nbsp; 113482 |
| &nbsp;&nbsp;&nbsp; Sphere Entertainment Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8646 | &nbsp;&nbsp;&nbsp;&nbsp; 372210 |
| &nbsp;&nbsp;&nbsp; Starz Entertainment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4307 | &nbsp;&nbsp;&nbsp;&nbsp; 62667 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5766980 |
| **Financial Services — 2.1%** | **Financial Services — 2.1%** | **Financial Services — 2.1%** |
| &nbsp;&nbsp;&nbsp; AvidXchange Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 66932 | &nbsp;&nbsp;&nbsp;&nbsp; 659950 |
| &nbsp;&nbsp;&nbsp; Burford Capital Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 67465 | &nbsp;&nbsp;&nbsp;&nbsp; 866925 |
| &nbsp;&nbsp;&nbsp; Cannae Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20174 | &nbsp;&nbsp;&nbsp;&nbsp; 431320 |
| &nbsp;&nbsp;&nbsp; Compass Diversified Holdings | &nbsp;&nbsp;&nbsp;&nbsp; 22210 | &nbsp;&nbsp;&nbsp;&nbsp; 141922 |
| &nbsp;&nbsp;&nbsp; EVERTEC, Inc. (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 21254 | &nbsp;&nbsp;&nbsp;&nbsp; 768332 |
| &nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;&nbsp;&nbsp; 3053 | &nbsp;&nbsp;&nbsp;&nbsp; 525940 |
| &nbsp;&nbsp;&nbsp; Flywire Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37755 | &nbsp;&nbsp;&nbsp;&nbsp; 411152 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42448 | &nbsp;&nbsp;&nbsp;&nbsp; 1102375 |
| &nbsp;&nbsp;&nbsp; Marqeta, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 142155 | &nbsp;&nbsp;&nbsp;&nbsp; 810283 |
| &nbsp;&nbsp;&nbsp; Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 7515 | &nbsp;&nbsp;&nbsp;&nbsp; 220190 |
| &nbsp;&nbsp;&nbsp; NCR Atleos Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26103 | &nbsp;&nbsp;&nbsp;&nbsp; 798752 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 26010 | &nbsp;&nbsp;&nbsp;&nbsp; 970693 |
| &nbsp;&nbsp;&nbsp; Payoneer Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73154 | &nbsp;&nbsp;&nbsp;&nbsp; 480622 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc., Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp; 87286 | &nbsp;&nbsp;&nbsp;&nbsp; 1289214 |
| &nbsp;&nbsp;&nbsp; Sezzle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6721 | &nbsp;&nbsp;&nbsp;&nbsp; 1040680 |
| &nbsp;&nbsp;&nbsp; Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11646 | &nbsp;&nbsp;&nbsp;&nbsp; 873566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11391916 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Food Products — 0.8%** | **Food Products — 0.8%** | **Food Products — 0.8%** |
| &nbsp;&nbsp;&nbsp; Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15271 | &nbsp;&nbsp;&nbsp;&nbsp; 1697219 |
| &nbsp;&nbsp;&nbsp; Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12855 | &nbsp;&nbsp;&nbsp;&nbsp; 483220 |
| &nbsp;&nbsp;&nbsp; J & J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5389 | &nbsp;&nbsp;&nbsp;&nbsp; 608364 |
| &nbsp;&nbsp;&nbsp; Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 294548 |
| &nbsp;&nbsp;&nbsp; Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6246 | &nbsp;&nbsp;&nbsp;&nbsp; 236911 |
| &nbsp;&nbsp;&nbsp; TreeHouse Foods, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16079 | &nbsp;&nbsp;&nbsp;&nbsp; 309038 |
| &nbsp;&nbsp;&nbsp; Utz Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25847 | &nbsp;&nbsp;&nbsp;&nbsp; 336786 |
| &nbsp;&nbsp;&nbsp; WK Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp; 21822 | &nbsp;&nbsp;&nbsp;&nbsp; 502997 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4469083 |
| **Gas Utilities — 0.3%** | **Gas Utilities — 0.3%** | **Gas Utilities — 0.3%** |
| &nbsp;&nbsp;&nbsp; Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8038 | &nbsp;&nbsp;&nbsp;&nbsp; 963595 |
| &nbsp;&nbsp;&nbsp; Northwest Natural Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 14368 | &nbsp;&nbsp;&nbsp;&nbsp; 573571 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1537166 |
| **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** |
| &nbsp;&nbsp;&nbsp; ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 7657 | &nbsp;&nbsp;&nbsp;&nbsp; 559956 |
| &nbsp;&nbsp;&nbsp; Hertz Global Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39022 | &nbsp;&nbsp;&nbsp;&nbsp; 250131 |
| &nbsp;&nbsp;&nbsp; Marten Transport Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18726 | &nbsp;&nbsp;&nbsp;&nbsp; 227708 |
| &nbsp;&nbsp;&nbsp; RXO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 58295 | &nbsp;&nbsp;&nbsp;&nbsp; 900658 |
| &nbsp;&nbsp;&nbsp; Schneider National, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 16144 | &nbsp;&nbsp;&nbsp;&nbsp; 394721 |
| &nbsp;&nbsp;&nbsp; Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19262 | &nbsp;&nbsp;&nbsp;&nbsp; 533943 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2867117 |
| **Health Care Equipment & Supplies — 2.8%** | **Health Care Equipment & Supplies — 2.8%** | **Health Care Equipment & Supplies — 2.8%** |
| &nbsp;&nbsp;&nbsp; Alphatec Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38505 | &nbsp;&nbsp;&nbsp;&nbsp; 407383 |
| &nbsp;&nbsp;&nbsp; AtriCure, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17551 | &nbsp;&nbsp;&nbsp;&nbsp; 616040 |
| &nbsp;&nbsp;&nbsp; CONMED Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10983 | &nbsp;&nbsp;&nbsp;&nbsp; 561780 |
| &nbsp;&nbsp;&nbsp; Dentsply Sirona, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 68748 | &nbsp;&nbsp;&nbsp;&nbsp; 983784 |
| &nbsp;&nbsp;&nbsp; Enovis Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19579 | &nbsp;&nbsp;&nbsp;&nbsp; 524717 |
| &nbsp;&nbsp;&nbsp; Envista Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 60456 | &nbsp;&nbsp;&nbsp;&nbsp; 1142014 |
| &nbsp;&nbsp;&nbsp; Establishment Labs Holdings, Inc. (Costa Rica) \* | &nbsp;&nbsp;&nbsp;&nbsp; 8589 | &nbsp;&nbsp;&nbsp;&nbsp; 360351 |
| &nbsp;&nbsp;&nbsp; ICU Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8261 | &nbsp;&nbsp;&nbsp;&nbsp; 1060795 |
| &nbsp;&nbsp;&nbsp; Integer Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12286 | &nbsp;&nbsp;&nbsp;&nbsp; 1333154 |
| &nbsp;&nbsp;&nbsp; Integra LifeSciences Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23905 | &nbsp;&nbsp;&nbsp;&nbsp; 314112 |
| &nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11193 | &nbsp;&nbsp;&nbsp;&nbsp; 1569035 |
| &nbsp;&nbsp;&nbsp; Kestra Medical Technologies Ltd. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 8344 | &nbsp;&nbsp;&nbsp;&nbsp; 137676 |
| &nbsp;&nbsp;&nbsp; LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7374 | &nbsp;&nbsp;&nbsp;&nbsp; 599064 |
| &nbsp;&nbsp;&nbsp; LivaNova plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 19238 | &nbsp;&nbsp;&nbsp;&nbsp; 811651 |
| &nbsp;&nbsp;&nbsp; Neogen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 69517 | &nbsp;&nbsp;&nbsp;&nbsp; 323254 |
| &nbsp;&nbsp;&nbsp; Novocure Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 36029 | &nbsp;&nbsp;&nbsp;&nbsp; 416856 |
| &nbsp;&nbsp;&nbsp; Omnicell, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15574 | &nbsp;&nbsp;&nbsp;&nbsp; 482950 |
| &nbsp;&nbsp;&nbsp; PROCEPT BioRobotics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19026 | &nbsp;&nbsp;&nbsp;&nbsp; 922951 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23528 | &nbsp;&nbsp;&nbsp;&nbsp; 541615 |
| &nbsp;&nbsp;&nbsp; STAAR Surgical Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11831 | &nbsp;&nbsp;&nbsp;&nbsp; 211952 |
| &nbsp;&nbsp;&nbsp; Tandem Diabetes Care, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23657 | &nbsp;&nbsp;&nbsp;&nbsp; 368576 |
| &nbsp;&nbsp;&nbsp; TransMedics Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11124 | &nbsp;&nbsp;&nbsp;&nbsp; 1323422 |
| &nbsp;&nbsp;&nbsp; UFP Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2715 | &nbsp;&nbsp;&nbsp;&nbsp; 614649 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15627781 |
| **Health Care Providers & Services — 2.7%** | **Health Care Providers & Services — 2.7%** | **Health Care Providers & Services — 2.7%** |
| &nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32599 | &nbsp;&nbsp;&nbsp;&nbsp; 709680 |
| &nbsp;&nbsp;&nbsp; AdaptHealth Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32568 | &nbsp;&nbsp;&nbsp;&nbsp; 292135 |
| &nbsp;&nbsp;&nbsp; Addus HomeCare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6435 | &nbsp;&nbsp;&nbsp;&nbsp; 687129 |
| &nbsp;&nbsp;&nbsp; agilon health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 109942 | &nbsp;&nbsp;&nbsp;&nbsp; 196796 |
| &nbsp;&nbsp;&nbsp; Alignment Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38916 | &nbsp;&nbsp;&nbsp;&nbsp; 536263 |
| &nbsp;&nbsp;&nbsp; Amedisys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11465 | &nbsp;&nbsp;&nbsp;&nbsp; 1130449 |
| &nbsp;&nbsp;&nbsp; Ardent Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8309 | &nbsp;&nbsp;&nbsp;&nbsp; 88076 |
| &nbsp;&nbsp;&nbsp; Astrana Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14165 | &nbsp;&nbsp;&nbsp;&nbsp; 337977 |
| &nbsp;&nbsp;&nbsp; BrightSpring Health Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24259 | &nbsp;&nbsp;&nbsp;&nbsp; 500948 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Health Care Providers & Services — continued** | **Health Care Providers & Services — continued** | **Health Care Providers & Services — continued** |
| &nbsp;&nbsp;&nbsp; Brookdale Senior Living, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 77660 | &nbsp;&nbsp;&nbsp;&nbsp; 601865 |
| &nbsp;&nbsp;&nbsp; Clover Health Investments Corp. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 134219 | &nbsp;&nbsp;&nbsp;&nbsp; 387893 |
| &nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42291 | &nbsp;&nbsp;&nbsp;&nbsp; 844551 |
| &nbsp;&nbsp;&nbsp; GeneDx Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7104 | &nbsp;&nbsp;&nbsp;&nbsp; 724253 |
| &nbsp;&nbsp;&nbsp; Guardant Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41341 | &nbsp;&nbsp;&nbsp;&nbsp; 1694154 |
| &nbsp;&nbsp;&nbsp; LifeStance Health Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55961 | &nbsp;&nbsp;&nbsp;&nbsp; 222725 |
| &nbsp;&nbsp;&nbsp; National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4440 | &nbsp;&nbsp;&nbsp;&nbsp; 426373 |
| &nbsp;&nbsp;&nbsp; NeoGenomics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 45383 | &nbsp;&nbsp;&nbsp;&nbsp; 219654 |
| &nbsp;&nbsp;&nbsp; OPKO Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 129126 | &nbsp;&nbsp;&nbsp;&nbsp; 165281 |
| &nbsp;&nbsp;&nbsp; PACS Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15684 | &nbsp;&nbsp;&nbsp;&nbsp; 173465 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29544 | &nbsp;&nbsp;&nbsp;&nbsp; 361914 |
| &nbsp;&nbsp;&nbsp; Premier, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 29011 | &nbsp;&nbsp;&nbsp;&nbsp; 623156 |
| &nbsp;&nbsp;&nbsp; Privia Health Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39247 | &nbsp;&nbsp;&nbsp;&nbsp; 766102 |
| &nbsp;&nbsp;&nbsp; Progyny, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25513 | &nbsp;&nbsp;&nbsp;&nbsp; 599811 |
| &nbsp;&nbsp;&nbsp; RadNet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23281 | &nbsp;&nbsp;&nbsp;&nbsp; 1274169 |
| &nbsp;&nbsp;&nbsp; Select Medical Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 38166 | &nbsp;&nbsp;&nbsp;&nbsp; 564475 |
| &nbsp;&nbsp;&nbsp; Surgery Partners, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 25680 | &nbsp;&nbsp;&nbsp;&nbsp; 563676 |
| &nbsp;&nbsp;&nbsp; US Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5229 | &nbsp;&nbsp;&nbsp;&nbsp; 382501 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15075471 |
| **Health Care REITs — 1.5%** | **Health Care REITs — 1.5%** | **Health Care REITs — 1.5%** |
| &nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53777 | &nbsp;&nbsp;&nbsp;&nbsp; 2077943 |
| &nbsp;&nbsp;&nbsp; CareTrust REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 63277 | &nbsp;&nbsp;&nbsp;&nbsp; 2012209 |
| &nbsp;&nbsp;&nbsp; LTC Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16057 | &nbsp;&nbsp;&nbsp;&nbsp; 546580 |
| &nbsp;&nbsp;&nbsp; Medical Properties Trust, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 179373 | &nbsp;&nbsp;&nbsp;&nbsp; 739017 |
| &nbsp;&nbsp;&nbsp; National Health Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15891 | &nbsp;&nbsp;&nbsp;&nbsp; 1110145 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 77233 | &nbsp;&nbsp;&nbsp;&nbsp; 1392511 |
| &nbsp;&nbsp;&nbsp; Sila Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19470 | &nbsp;&nbsp;&nbsp;&nbsp; 475847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8354252 |
| **Health Care Technology — 0.4%** | **Health Care Technology — 0.4%** | **Health Care Technology — 0.4%** |
| &nbsp;&nbsp;&nbsp; Certara, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42730 | &nbsp;&nbsp;&nbsp;&nbsp; 420463 |
| &nbsp;&nbsp;&nbsp; Evolent Health, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 37982 | &nbsp;&nbsp;&nbsp;&nbsp; 381719 |
| &nbsp;&nbsp;&nbsp; HealthStream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8295 | &nbsp;&nbsp;&nbsp;&nbsp; 216997 |
| &nbsp;&nbsp;&nbsp; Phreesia, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19097 | &nbsp;&nbsp;&nbsp;&nbsp; 514855 |
| &nbsp;&nbsp;&nbsp; Schrodinger, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19801 | &nbsp;&nbsp;&nbsp;&nbsp; 402555 |
| &nbsp;&nbsp;&nbsp; Teladoc Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 62466 | &nbsp;&nbsp;&nbsp;&nbsp; 450380 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2386969 |
| **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** |
| &nbsp;&nbsp;&nbsp; Apple Hospitality REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 79835 | &nbsp;&nbsp;&nbsp;&nbsp; 938061 |
| &nbsp;&nbsp;&nbsp; DiamondRock Hospitality Co. | &nbsp;&nbsp;&nbsp;&nbsp; 70143 | &nbsp;&nbsp;&nbsp;&nbsp; 541504 |
| &nbsp;&nbsp;&nbsp; Park Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 71866 | &nbsp;&nbsp;&nbsp;&nbsp; 766091 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust | &nbsp;&nbsp;&nbsp;&nbsp; 42087 | &nbsp;&nbsp;&nbsp;&nbsp; 422133 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust | &nbsp;&nbsp;&nbsp;&nbsp; 52604 | &nbsp;&nbsp;&nbsp;&nbsp; 389270 |
| &nbsp;&nbsp;&nbsp; Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65813 | &nbsp;&nbsp;&nbsp;&nbsp; 575864 |
| &nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33569 | &nbsp;&nbsp;&nbsp;&nbsp; 426662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4059585 |
| **Hotels, Restaurants & Leisure — 2.3%** | **Hotels, Restaurants & Leisure — 2.3%** | **Hotels, Restaurants & Leisure — 2.3%** |
| &nbsp;&nbsp;&nbsp; Brinker International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15720 | &nbsp;&nbsp;&nbsp;&nbsp; 2477472 |
| &nbsp;&nbsp;&nbsp; Cheesecake Factory, Inc. (The) (b) | &nbsp;&nbsp;&nbsp;&nbsp; 16546 | &nbsp;&nbsp;&nbsp;&nbsp; 1057455 |
| &nbsp;&nbsp;&nbsp; Cracker Barrel Old Country Store, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 7880 | &nbsp;&nbsp;&nbsp;&nbsp; 488560 |
| &nbsp;&nbsp;&nbsp; First Watch Restaurant Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14062 | &nbsp;&nbsp;&nbsp;&nbsp; 243132 |
| &nbsp;&nbsp;&nbsp; Global Business Travel Group I \* | &nbsp;&nbsp;&nbsp;&nbsp; 35896 | &nbsp;&nbsp;&nbsp;&nbsp; 230811 |
| &nbsp;&nbsp;&nbsp; Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10440 | &nbsp;&nbsp;&nbsp;&nbsp; 777467 |
| &nbsp;&nbsp;&nbsp; Monarch Casino & Resort, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4721 | &nbsp;&nbsp;&nbsp;&nbsp; 486074 |
| &nbsp;&nbsp;&nbsp; Papa John's International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11075 | &nbsp;&nbsp;&nbsp;&nbsp; 469691 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 50696 | &nbsp;&nbsp;&nbsp;&nbsp; 915570 |
| &nbsp;&nbsp;&nbsp; Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 18024 | &nbsp;&nbsp;&nbsp;&nbsp; 1105772 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hotels, Restaurants & Leisure — continued** | **Hotels, Restaurants & Leisure — continued** | **Hotels, Restaurants & Leisure — continued** |
| &nbsp;&nbsp;&nbsp; Sabre Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 129589 | &nbsp;&nbsp;&nbsp;&nbsp; 392655 |
| &nbsp;&nbsp;&nbsp; Shake Shack, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 13676 | &nbsp;&nbsp;&nbsp;&nbsp; 1645770 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33536 | &nbsp;&nbsp;&nbsp;&nbsp; 1004738 |
| &nbsp;&nbsp;&nbsp; Sweetgreen, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 35011 | &nbsp;&nbsp;&nbsp;&nbsp; 450942 |
| &nbsp;&nbsp;&nbsp; United Parks & Resorts, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 8607 | &nbsp;&nbsp;&nbsp;&nbsp; 407369 |
| &nbsp;&nbsp;&nbsp; Wendy's Co. (The) (b) | &nbsp;&nbsp;&nbsp;&nbsp; 55570 | &nbsp;&nbsp;&nbsp;&nbsp; 547364 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12700842 |
| **Household Durables — 1.2%** | **Household Durables — 1.2%** | **Household Durables — 1.2%** |
| &nbsp;&nbsp;&nbsp; Cavco Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2606 | &nbsp;&nbsp;&nbsp;&nbsp; 1051964 |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8945 | &nbsp;&nbsp;&nbsp;&nbsp; 503514 |
| &nbsp;&nbsp;&nbsp; Green Brick Partners, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11046 | &nbsp;&nbsp;&nbsp;&nbsp; 684189 |
| &nbsp;&nbsp;&nbsp; La-Z-Boy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13655 | &nbsp;&nbsp;&nbsp;&nbsp; 491170 |
| &nbsp;&nbsp;&nbsp; Leggett & Platt, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 47706 | &nbsp;&nbsp;&nbsp;&nbsp; 455592 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7028 | &nbsp;&nbsp;&nbsp;&nbsp; 374382 |
| &nbsp;&nbsp;&nbsp; M/I Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8856 | &nbsp;&nbsp;&nbsp;&nbsp; 1064403 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 134745 | &nbsp;&nbsp;&nbsp;&nbsp; 755920 |
| &nbsp;&nbsp;&nbsp; Sonos, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38568 | &nbsp;&nbsp;&nbsp;&nbsp; 416920 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29075 | &nbsp;&nbsp;&nbsp;&nbsp; 895510 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6693564 |
| **Household Products — 0.5%** | **Household Products — 0.5%** | **Household Products — 0.5%** |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3221 | &nbsp;&nbsp;&nbsp;&nbsp; 125684 |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 17608 | &nbsp;&nbsp;&nbsp;&nbsp; 625436 |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22468 | &nbsp;&nbsp;&nbsp;&nbsp; 505979 |
| &nbsp;&nbsp;&nbsp; Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9013 | &nbsp;&nbsp;&nbsp;&nbsp; 482286 |
| &nbsp;&nbsp;&nbsp; WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp; 4810 | &nbsp;&nbsp;&nbsp;&nbsp; 1031264 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2770649 |
| **Industrial REITs — 0.2%** | **Industrial REITs — 0.2%** | **Industrial REITs — 0.2%** |
| &nbsp;&nbsp;&nbsp; Innovative Industrial Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9965 | &nbsp;&nbsp;&nbsp;&nbsp; 515191 |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust | &nbsp;&nbsp;&nbsp;&nbsp; 105178 | &nbsp;&nbsp;&nbsp;&nbsp; 816181 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1331372 |
| **Insurance — 2.1%** | **Insurance — 2.1%** | **Insurance — 2.1%** |
| &nbsp;&nbsp;&nbsp; AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6835 | &nbsp;&nbsp;&nbsp;&nbsp; 306071 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group, Inc. (The), Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 25004 | &nbsp;&nbsp;&nbsp;&nbsp; 921147 |
| &nbsp;&nbsp;&nbsp; CNO Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35170 | &nbsp;&nbsp;&nbsp;&nbsp; 1295663 |
| &nbsp;&nbsp;&nbsp; Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7962 | &nbsp;&nbsp;&nbsp;&nbsp; 328671 |
| &nbsp;&nbsp;&nbsp; F&G Annuities & Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7391 | &nbsp;&nbsp;&nbsp;&nbsp; 235847 |
| &nbsp;&nbsp;&nbsp; Genworth Financial, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 145833 | &nbsp;&nbsp;&nbsp;&nbsp; 1146247 |
| &nbsp;&nbsp;&nbsp; Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 8607 | &nbsp;&nbsp;&nbsp;&nbsp; 782462 |
| &nbsp;&nbsp;&nbsp; Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13650 | &nbsp;&nbsp;&nbsp;&nbsp; 580535 |
| &nbsp;&nbsp;&nbsp; Lemonade, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 19204 | &nbsp;&nbsp;&nbsp;&nbsp; 723607 |
| &nbsp;&nbsp;&nbsp; Mercury General Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8817 | &nbsp;&nbsp;&nbsp;&nbsp; 610577 |
| &nbsp;&nbsp;&nbsp; Oscar Health, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 68581 | &nbsp;&nbsp;&nbsp;&nbsp; 963563 |
| &nbsp;&nbsp;&nbsp; Palomar Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9299 | &nbsp;&nbsp;&nbsp;&nbsp; 1232025 |
| &nbsp;&nbsp;&nbsp; Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4981 | &nbsp;&nbsp;&nbsp;&nbsp; 350413 |
| &nbsp;&nbsp;&nbsp; SiriusPoint Ltd. (Sweden) \* | &nbsp;&nbsp;&nbsp;&nbsp; 34324 | &nbsp;&nbsp;&nbsp;&nbsp; 673094 |
| &nbsp;&nbsp;&nbsp; Skyward Specialty Insurance Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10785 | &nbsp;&nbsp;&nbsp;&nbsp; 545505 |
| &nbsp;&nbsp;&nbsp; Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 9343 | &nbsp;&nbsp;&nbsp;&nbsp; 606641 |
| &nbsp;&nbsp;&nbsp; Trupanion, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12307 | &nbsp;&nbsp;&nbsp;&nbsp; 583475 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11885543 |
| **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; Cargurus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27742 | &nbsp;&nbsp;&nbsp;&nbsp; 910492 |
| &nbsp;&nbsp;&nbsp; Grindr, Inc. (Singapore) \* | &nbsp;&nbsp;&nbsp;&nbsp; 11645 | &nbsp;&nbsp;&nbsp;&nbsp; 203555 |
| &nbsp;&nbsp;&nbsp; IAC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24097 | &nbsp;&nbsp;&nbsp;&nbsp; 947012 |
| &nbsp;&nbsp;&nbsp; TripAdvisor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40105 | &nbsp;&nbsp;&nbsp;&nbsp; 701436 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Interactive Media & Services — continued** | **Interactive Media & Services — continued** | **Interactive Media & Services — continued** |
| &nbsp;&nbsp;&nbsp; Yelp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22147 | &nbsp;&nbsp;&nbsp;&nbsp; 762521 |
| &nbsp;&nbsp;&nbsp; Ziff Davis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13588 | &nbsp;&nbsp;&nbsp;&nbsp; 422859 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3947875 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Applied Digital Corp. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 63796 | &nbsp;&nbsp;&nbsp;&nbsp; 838280 |
| &nbsp;&nbsp;&nbsp; ASGN, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15085 | &nbsp;&nbsp;&nbsp;&nbsp; 756362 |
| &nbsp;&nbsp;&nbsp; DigitalOcean Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22177 | &nbsp;&nbsp;&nbsp;&nbsp; 617851 |
| &nbsp;&nbsp;&nbsp; DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 58187 | &nbsp;&nbsp;&nbsp;&nbsp; 791925 |
| &nbsp;&nbsp;&nbsp; Fastly, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 47484 | &nbsp;&nbsp;&nbsp;&nbsp; 322416 |
| &nbsp;&nbsp;&nbsp; Grid Dynamics Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22689 | &nbsp;&nbsp;&nbsp;&nbsp; 215319 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3542153 |
| **Leisure Products — 0.6%** | **Leisure Products — 0.6%** | **Leisure Products — 0.6%** |
| &nbsp;&nbsp;&nbsp; Peloton Interactive, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 130577 | &nbsp;&nbsp;&nbsp;&nbsp; 932320 |
| &nbsp;&nbsp;&nbsp; Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18252 | &nbsp;&nbsp;&nbsp;&nbsp; 965713 |
| &nbsp;&nbsp;&nbsp; Topgolf Callaway Brands Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44804 | &nbsp;&nbsp;&nbsp;&nbsp; 414437 |
| &nbsp;&nbsp;&nbsp; YETI Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28440 | &nbsp;&nbsp;&nbsp;&nbsp; 1044886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3357356 |
| **Life Sciences Tools & Services — 0.2%** | **Life Sciences Tools & Services — 0.2%** | **Life Sciences Tools & Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 36885 | &nbsp;&nbsp;&nbsp;&nbsp; 496103 |
| &nbsp;&nbsp;&nbsp; Azenta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14223 | &nbsp;&nbsp;&nbsp;&nbsp; 465092 |
| &nbsp;&nbsp;&nbsp; OmniAb, Inc. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 2112 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 961195 |
| **Machinery — 2.9%** | **Machinery — 2.9%** | **Machinery — 2.9%** |
| &nbsp;&nbsp;&nbsp; Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3624 | &nbsp;&nbsp;&nbsp;&nbsp; 806630 |
| &nbsp;&nbsp;&nbsp; Albany International Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 10720 | &nbsp;&nbsp;&nbsp;&nbsp; 580917 |
| &nbsp;&nbsp;&nbsp; Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5682 | &nbsp;&nbsp;&nbsp;&nbsp; 221087 |
| &nbsp;&nbsp;&nbsp; Energy Recovery, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19415 | &nbsp;&nbsp;&nbsp;&nbsp; 261132 |
| &nbsp;&nbsp;&nbsp; Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19365 | &nbsp;&nbsp;&nbsp;&nbsp; 745746 |
| &nbsp;&nbsp;&nbsp; Enpro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7080 | &nbsp;&nbsp;&nbsp;&nbsp; 1503863 |
| &nbsp;&nbsp;&nbsp; ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8599 | &nbsp;&nbsp;&nbsp;&nbsp; 1665626 |
| &nbsp;&nbsp;&nbsp; Gorman-Rupp Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 7372 | &nbsp;&nbsp;&nbsp;&nbsp; 303432 |
| &nbsp;&nbsp;&nbsp; Greenbrier Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 9873 | &nbsp;&nbsp;&nbsp;&nbsp; 449221 |
| &nbsp;&nbsp;&nbsp; Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11201 | &nbsp;&nbsp;&nbsp;&nbsp; 410965 |
| &nbsp;&nbsp;&nbsp; Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23993 | &nbsp;&nbsp;&nbsp;&nbsp; 496895 |
| &nbsp;&nbsp;&nbsp; Hillman Solutions Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 66087 | &nbsp;&nbsp;&nbsp;&nbsp; 521426 |
| &nbsp;&nbsp;&nbsp; Kadant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4014 | &nbsp;&nbsp;&nbsp;&nbsp; 1335739 |
| &nbsp;&nbsp;&nbsp; Kennametal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27292 | &nbsp;&nbsp;&nbsp;&nbsp; 675750 |
| &nbsp;&nbsp;&nbsp; Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3871 | &nbsp;&nbsp;&nbsp;&nbsp; 528430 |
| &nbsp;&nbsp;&nbsp; Mueller Water Products, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 55824 | &nbsp;&nbsp;&nbsp;&nbsp; 1382202 |
| &nbsp;&nbsp;&nbsp; Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4102 | &nbsp;&nbsp;&nbsp;&nbsp; 675763 |
| &nbsp;&nbsp;&nbsp; Symbotic, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 15159 | &nbsp;&nbsp;&nbsp;&nbsp; 817828 |
| &nbsp;&nbsp;&nbsp; Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp; 6704 | &nbsp;&nbsp;&nbsp;&nbsp; 553348 |
| &nbsp;&nbsp;&nbsp; Terex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22510 | &nbsp;&nbsp;&nbsp;&nbsp; 1144859 |
| &nbsp;&nbsp;&nbsp; Trinity Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26953 | &nbsp;&nbsp;&nbsp;&nbsp; 628005 |
| &nbsp;&nbsp;&nbsp; Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10726 | &nbsp;&nbsp;&nbsp;&nbsp; 664690 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16373554 |
| **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** |
| &nbsp;&nbsp;&nbsp; Matson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10575 | &nbsp;&nbsp;&nbsp;&nbsp; 1129198 |
| **Media — 1.0%** | **Media — 1.0%** | **Media — 1.0%** |
| &nbsp;&nbsp;&nbsp; Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1547 | &nbsp;&nbsp;&nbsp;&nbsp; 197985 |
| &nbsp;&nbsp;&nbsp; DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 48332 | &nbsp;&nbsp;&nbsp;&nbsp; 740446 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 47714 | &nbsp;&nbsp;&nbsp;&nbsp; 1554999 |
| &nbsp;&nbsp;&nbsp; Ibotta, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 5394 | &nbsp;&nbsp;&nbsp;&nbsp; 196072 |
| &nbsp;&nbsp;&nbsp; Integral Ad Science Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24650 | &nbsp;&nbsp;&nbsp;&nbsp; 202130 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Media — continued** | **Media — continued** | **Media — continued** |
| &nbsp;&nbsp;&nbsp; John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 15502 | &nbsp;&nbsp;&nbsp;&nbsp; 598377 |
| &nbsp;&nbsp;&nbsp; Magnite, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47354 | &nbsp;&nbsp;&nbsp;&nbsp; 1089616 |
| &nbsp;&nbsp;&nbsp; Newsmax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14931 | &nbsp;&nbsp;&nbsp;&nbsp; 198433 |
| &nbsp;&nbsp;&nbsp; TEGNA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53450 | &nbsp;&nbsp;&nbsp;&nbsp; 892615 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5670673 |
| **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** |
| &nbsp;&nbsp;&nbsp; Alpha Metallurgical Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3910 | &nbsp;&nbsp;&nbsp;&nbsp; 461654 |
| &nbsp;&nbsp;&nbsp; Century Aluminum Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17589 | &nbsp;&nbsp;&nbsp;&nbsp; 372535 |
| &nbsp;&nbsp;&nbsp; Coeur Mining, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 224244 | &nbsp;&nbsp;&nbsp;&nbsp; 1948680 |
| &nbsp;&nbsp;&nbsp; Constellium SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 45614 | &nbsp;&nbsp;&nbsp;&nbsp; 625368 |
| &nbsp;&nbsp;&nbsp; Ivanhoe Electric, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33892 | &nbsp;&nbsp;&nbsp;&nbsp; 324008 |
| &nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 5371 | &nbsp;&nbsp;&nbsp;&nbsp; 415232 |
| &nbsp;&nbsp;&nbsp; Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6981 | &nbsp;&nbsp;&nbsp;&nbsp; 735099 |
| &nbsp;&nbsp;&nbsp; Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17416 | &nbsp;&nbsp;&nbsp;&nbsp; 894834 |
| &nbsp;&nbsp;&nbsp; Worthington Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10885 | &nbsp;&nbsp;&nbsp;&nbsp; 332210 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6109620 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.7%** | **Mortgage Real Estate Investment Trusts (REITs) — 0.7%** | **Mortgage Real Estate Investment Trusts (REITs) — 0.7%** |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43910 | &nbsp;&nbsp;&nbsp;&nbsp; 422414 |
| &nbsp;&nbsp;&nbsp; Arbor Realty Trust, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 67798 | &nbsp;&nbsp;&nbsp;&nbsp; 756626 |
| &nbsp;&nbsp;&nbsp; ARMOUR Residential REIT, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 29017 | &nbsp;&nbsp;&nbsp;&nbsp; 473267 |
| &nbsp;&nbsp;&nbsp; Chimera Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28175 | &nbsp;&nbsp;&nbsp;&nbsp; 376700 |
| &nbsp;&nbsp;&nbsp; Franklin BSP Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29247 | &nbsp;&nbsp;&nbsp;&nbsp; 295395 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 40785 | &nbsp;&nbsp;&nbsp;&nbsp; 445372 |
| &nbsp;&nbsp;&nbsp; MFA Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 33516 | &nbsp;&nbsp;&nbsp;&nbsp; 304660 |
| &nbsp;&nbsp;&nbsp; PennyMac Mortgage Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp; 30873 | &nbsp;&nbsp;&nbsp;&nbsp; 363993 |
| &nbsp;&nbsp;&nbsp; Redwood Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42569 | &nbsp;&nbsp;&nbsp;&nbsp; 232427 |
| &nbsp;&nbsp;&nbsp; Two Harbors Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35111 | &nbsp;&nbsp;&nbsp;&nbsp; 342332 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4013186 |
| **Office REITs — 1.1%** | **Office REITs — 1.1%** | **Office REITs — 1.1%** |
| &nbsp;&nbsp;&nbsp; COPT Defense Properties | &nbsp;&nbsp;&nbsp;&nbsp; 40147 | &nbsp;&nbsp;&nbsp;&nbsp; 1095210 |
| &nbsp;&nbsp;&nbsp; Douglas Emmett, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 54717 | &nbsp;&nbsp;&nbsp;&nbsp; 829510 |
| &nbsp;&nbsp;&nbsp; Easterly Government Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14962 | &nbsp;&nbsp;&nbsp;&nbsp; 329164 |
| &nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 48292 | &nbsp;&nbsp;&nbsp;&nbsp; 349634 |
| &nbsp;&nbsp;&nbsp; Highwoods Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 36646 | &nbsp;&nbsp;&nbsp;&nbsp; 1063100 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties (b) | &nbsp;&nbsp;&nbsp;&nbsp; 25880 | &nbsp;&nbsp;&nbsp;&nbsp; 548138 |
| &nbsp;&nbsp;&nbsp; Paramount Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 65583 | &nbsp;&nbsp;&nbsp;&nbsp; 401368 |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 25359 | &nbsp;&nbsp;&nbsp;&nbsp; 1451803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6067927 |
| **Oil, Gas & Consumable Fuels — 2.7%** | **Oil, Gas & Consumable Fuels — 2.7%** | **Oil, Gas & Consumable Fuels — 2.7%** |
| &nbsp;&nbsp;&nbsp; BKV Corp. (Thailand) \* | &nbsp;&nbsp;&nbsp;&nbsp; 6028 | &nbsp;&nbsp;&nbsp;&nbsp; 124418 |
| &nbsp;&nbsp;&nbsp; Calumet, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 23465 | &nbsp;&nbsp;&nbsp;&nbsp; 374032 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 27998 | &nbsp;&nbsp;&nbsp;&nbsp; 850019 |
| &nbsp;&nbsp;&nbsp; CNX Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 50438 | &nbsp;&nbsp;&nbsp;&nbsp; 1528776 |
| &nbsp;&nbsp;&nbsp; Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18075 | &nbsp;&nbsp;&nbsp;&nbsp; 1334116 |
| &nbsp;&nbsp;&nbsp; Crescent Energy Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 48811 | &nbsp;&nbsp;&nbsp;&nbsp; 451014 |
| &nbsp;&nbsp;&nbsp; CVR Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10841 | &nbsp;&nbsp;&nbsp;&nbsp; 290322 |
| &nbsp;&nbsp;&nbsp; Delek US Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21855 | &nbsp;&nbsp;&nbsp;&nbsp; 488896 |
| &nbsp;&nbsp;&nbsp; Dorian LPG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13067 | &nbsp;&nbsp;&nbsp;&nbsp; 376199 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5365 | &nbsp;&nbsp;&nbsp;&nbsp; 934207 |
| &nbsp;&nbsp;&nbsp; International Seaways, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13381 | &nbsp;&nbsp;&nbsp;&nbsp; 533902 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8135 | &nbsp;&nbsp;&nbsp;&nbsp; 352896 |
| &nbsp;&nbsp;&nbsp; New Fortress Energy, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 50643 | &nbsp;&nbsp;&nbsp;&nbsp; 138002 |
| &nbsp;&nbsp;&nbsp; NextDecade Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 56637 | &nbsp;&nbsp;&nbsp;&nbsp; 643396 |
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 29297 | &nbsp;&nbsp;&nbsp;&nbsp; 825003 |
| &nbsp;&nbsp;&nbsp; PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 29776 | &nbsp;&nbsp;&nbsp;&nbsp; 672938 |
| &nbsp;&nbsp;&nbsp; Peabody Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 39199 | &nbsp;&nbsp;&nbsp;&nbsp; 633064 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** |
| &nbsp;&nbsp;&nbsp; Sitio Royalties Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26759 | &nbsp;&nbsp;&nbsp;&nbsp; 486211 |
| &nbsp;&nbsp;&nbsp; SM Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp; 37257 | &nbsp;&nbsp;&nbsp;&nbsp; 1027921 |
| &nbsp;&nbsp;&nbsp; Talos Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39956 | &nbsp;&nbsp;&nbsp;&nbsp; 341624 |
| &nbsp;&nbsp;&nbsp; Uranium Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 150649 | &nbsp;&nbsp;&nbsp;&nbsp; 1306127 |
| &nbsp;&nbsp;&nbsp; Venture Global, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 34467 | &nbsp;&nbsp;&nbsp;&nbsp; 528379 |
| &nbsp;&nbsp;&nbsp; World Kinect Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19534 | &nbsp;&nbsp;&nbsp;&nbsp; 532692 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14774154 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Sylvamo Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12081 | &nbsp;&nbsp;&nbsp;&nbsp; 556572 |
| **Passenger Airlines — 0.9%** | **Passenger Airlines — 0.9%** | **Passenger Airlines — 0.9%** |
| &nbsp;&nbsp;&nbsp; Allegiant Travel Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 4713 | &nbsp;&nbsp;&nbsp;&nbsp; 243379 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 101733 | &nbsp;&nbsp;&nbsp;&nbsp; 451694 |
| &nbsp;&nbsp;&nbsp; Joby Aviation, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 172013 | &nbsp;&nbsp;&nbsp;&nbsp; 2865737 |
| &nbsp;&nbsp;&nbsp; SkyWest, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13873 | &nbsp;&nbsp;&nbsp;&nbsp; 1608713 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5169523 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Edgewell Personal Care Co. | &nbsp;&nbsp;&nbsp;&nbsp; 15792 | &nbsp;&nbsp;&nbsp;&nbsp; 398432 |
| **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 43980 | &nbsp;&nbsp;&nbsp;&nbsp; 343924 |
| &nbsp;&nbsp;&nbsp; Amphastar Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11968 | &nbsp;&nbsp;&nbsp;&nbsp; 250730 |
| &nbsp;&nbsp;&nbsp; ANI Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6428 | &nbsp;&nbsp;&nbsp;&nbsp; 407214 |
| &nbsp;&nbsp;&nbsp; Avadel Pharmaceuticals plc, ADR \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 31301 | &nbsp;&nbsp;&nbsp;&nbsp; 328974 |
| &nbsp;&nbsp;&nbsp; Edgewise Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27932 | &nbsp;&nbsp;&nbsp;&nbsp; 398310 |
| &nbsp;&nbsp;&nbsp; Harmony Biosciences Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15102 | &nbsp;&nbsp;&nbsp;&nbsp; 531288 |
| &nbsp;&nbsp;&nbsp; Harrow, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9549 | &nbsp;&nbsp;&nbsp;&nbsp; 303276 |
| &nbsp;&nbsp;&nbsp; Innoviva, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19625 | &nbsp;&nbsp;&nbsp;&nbsp; 356586 |
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6433 | &nbsp;&nbsp;&nbsp;&nbsp; 846454 |
| &nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17600 | &nbsp;&nbsp;&nbsp;&nbsp; 617760 |
| &nbsp;&nbsp;&nbsp; Tarsus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10304 | &nbsp;&nbsp;&nbsp;&nbsp; 400001 |
| &nbsp;&nbsp;&nbsp; WaVe Life Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39738 | &nbsp;&nbsp;&nbsp;&nbsp; 321878 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5106395 |
| **Professional Services — 2.3%** | **Professional Services — 2.3%** | **Professional Services — 2.3%** |
| &nbsp;&nbsp;&nbsp; Alight, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 148147 | &nbsp;&nbsp;&nbsp;&nbsp; 794068 |
| &nbsp;&nbsp;&nbsp; CBIZ, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18374 | &nbsp;&nbsp;&nbsp;&nbsp; 1123019 |
| &nbsp;&nbsp;&nbsp; Concentrix Corp. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 14462 | &nbsp;&nbsp;&nbsp;&nbsp; 751590 |
| &nbsp;&nbsp;&nbsp; CSG Systems International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 9185 | &nbsp;&nbsp;&nbsp;&nbsp; 573695 |
| &nbsp;&nbsp;&nbsp; First Advantage Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27995 | &nbsp;&nbsp;&nbsp;&nbsp; 484034 |
| &nbsp;&nbsp;&nbsp; Huron Consulting Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6072 | &nbsp;&nbsp;&nbsp;&nbsp; 801990 |
| &nbsp;&nbsp;&nbsp; ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6225 | &nbsp;&nbsp;&nbsp;&nbsp; 522215 |
| &nbsp;&nbsp;&nbsp; Insperity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12318 | &nbsp;&nbsp;&nbsp;&nbsp; 733906 |
| &nbsp;&nbsp;&nbsp; Korn Ferry | &nbsp;&nbsp;&nbsp;&nbsp; 17408 | &nbsp;&nbsp;&nbsp;&nbsp; 1233705 |
| &nbsp;&nbsp;&nbsp; Legalzoom.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40632 | &nbsp;&nbsp;&nbsp;&nbsp; 365282 |
| &nbsp;&nbsp;&nbsp; ManpowerGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15805 | &nbsp;&nbsp;&nbsp;&nbsp; 651956 |
| &nbsp;&nbsp;&nbsp; NV5 Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18872 | &nbsp;&nbsp;&nbsp;&nbsp; 423676 |
| &nbsp;&nbsp;&nbsp; UL Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 21359 | &nbsp;&nbsp;&nbsp;&nbsp; 1561770 |
| &nbsp;&nbsp;&nbsp; Upwork, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41932 | &nbsp;&nbsp;&nbsp;&nbsp; 501507 |
| &nbsp;&nbsp;&nbsp; Verra Mobility Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 56589 | &nbsp;&nbsp;&nbsp;&nbsp; 1429438 |
| &nbsp;&nbsp;&nbsp; WNS Holdings Ltd. (United Kingdom) \* | &nbsp;&nbsp;&nbsp;&nbsp; 14482 | &nbsp;&nbsp;&nbsp;&nbsp; 1083109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13034960 |
| **Real Estate Management & Development — 0.9%** | **Real Estate Management & Development — 0.9%** | **Real Estate Management & Development — 0.9%** |
| &nbsp;&nbsp;&nbsp; Compass, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 156898 | &nbsp;&nbsp;&nbsp;&nbsp; 1245770 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 77965 | &nbsp;&nbsp;&nbsp;&nbsp; 950393 |
| &nbsp;&nbsp;&nbsp; eXp World Holdings, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 29438 | &nbsp;&nbsp;&nbsp;&nbsp; 317342 |
| &nbsp;&nbsp;&nbsp; Forestar Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5872 | &nbsp;&nbsp;&nbsp;&nbsp; 145626 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Real Estate Management & Development — continued** | **Real Estate Management & Development — continued** | **Real Estate Management & Development — continued** |
| &nbsp;&nbsp;&nbsp; Kennedy-Wilson Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 36836 | &nbsp;&nbsp;&nbsp;&nbsp; 269640 |
| &nbsp;&nbsp;&nbsp; Marcus & Millichap, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8287 | &nbsp;&nbsp;&nbsp;&nbsp; 258223 |
| &nbsp;&nbsp;&nbsp; Newmark Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 51382 | &nbsp;&nbsp;&nbsp;&nbsp; 779465 |
| &nbsp;&nbsp;&nbsp; St. Joe Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 14507 | &nbsp;&nbsp;&nbsp;&nbsp; 732603 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4699062 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| &nbsp;&nbsp;&nbsp; Apartment Investment and Management Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 47398 | &nbsp;&nbsp;&nbsp;&nbsp; 398617 |
| &nbsp;&nbsp;&nbsp; Centerspace | &nbsp;&nbsp;&nbsp;&nbsp; 5652 | &nbsp;&nbsp;&nbsp;&nbsp; 307638 |
| &nbsp;&nbsp;&nbsp; Elme Communities | &nbsp;&nbsp;&nbsp;&nbsp; 31301 | &nbsp;&nbsp;&nbsp;&nbsp; 472019 |
| &nbsp;&nbsp;&nbsp; NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7373 | &nbsp;&nbsp;&nbsp;&nbsp; 229890 |
| &nbsp;&nbsp;&nbsp; Veris Residential, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28893 | &nbsp;&nbsp;&nbsp;&nbsp; 406814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1814978 |
| **Retail REITs — 1.2%** | **Retail REITs — 1.2%** | **Retail REITs — 1.2%** |
| &nbsp;&nbsp;&nbsp; Acadia Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp; 46387 | &nbsp;&nbsp;&nbsp;&nbsp; 868365 |
| &nbsp;&nbsp;&nbsp; Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 760 | &nbsp;&nbsp;&nbsp;&nbsp; 190904 |
| &nbsp;&nbsp;&nbsp; Curbline Properties Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 36924 | &nbsp;&nbsp;&nbsp;&nbsp; 816020 |
| &nbsp;&nbsp;&nbsp; Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18652 | &nbsp;&nbsp;&nbsp;&nbsp; 518339 |
| &nbsp;&nbsp;&nbsp; InvenTrust Properties Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26330 | &nbsp;&nbsp;&nbsp;&nbsp; 725918 |
| &nbsp;&nbsp;&nbsp; Macerich Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 90129 | &nbsp;&nbsp;&nbsp;&nbsp; 1506056 |
| &nbsp;&nbsp;&nbsp; Saul Centers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4444 | &nbsp;&nbsp;&nbsp;&nbsp; 143186 |
| &nbsp;&nbsp;&nbsp; Tanger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39855 | &nbsp;&nbsp;&nbsp;&nbsp; 1196447 |
| &nbsp;&nbsp;&nbsp; Urban Edge Properties | &nbsp;&nbsp;&nbsp;&nbsp; 44546 | &nbsp;&nbsp;&nbsp;&nbsp; 878447 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6843682 |
| **Semiconductors & Semiconductor Equipment — 2.4%** | **Semiconductors & Semiconductor Equipment — 2.4%** | **Semiconductors & Semiconductor Equipment — 2.4%** |
| &nbsp;&nbsp;&nbsp; Ambarella, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14471 | &nbsp;&nbsp;&nbsp;&nbsp; 956388 |
| &nbsp;&nbsp;&nbsp; Axcelis Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11087 | &nbsp;&nbsp;&nbsp;&nbsp; 750479 |
| &nbsp;&nbsp;&nbsp; Diodes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15726 | &nbsp;&nbsp;&nbsp;&nbsp; 776393 |
| &nbsp;&nbsp;&nbsp; FormFactor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27741 | &nbsp;&nbsp;&nbsp;&nbsp; 788122 |
| &nbsp;&nbsp;&nbsp; Impinj, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9489 | &nbsp;&nbsp;&nbsp;&nbsp; 1466810 |
| &nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, Inc. (Singapore) | &nbsp;&nbsp;&nbsp;&nbsp; 16929 | &nbsp;&nbsp;&nbsp;&nbsp; 554594 |
| &nbsp;&nbsp;&nbsp; MaxLinear, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28809 | &nbsp;&nbsp;&nbsp;&nbsp; 455758 |
| &nbsp;&nbsp;&nbsp; Photronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21947 | &nbsp;&nbsp;&nbsp;&nbsp; 446841 |
| &nbsp;&nbsp;&nbsp; Power Integrations, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19347 | &nbsp;&nbsp;&nbsp;&nbsp; 938716 |
| &nbsp;&nbsp;&nbsp; Rigetti Computing, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 97250 | &nbsp;&nbsp;&nbsp;&nbsp; 1410125 |
| &nbsp;&nbsp;&nbsp; Semtech Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30876 | &nbsp;&nbsp;&nbsp;&nbsp; 1577763 |
| &nbsp;&nbsp;&nbsp; SiTime Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7614 | &nbsp;&nbsp;&nbsp;&nbsp; 1544500 |
| &nbsp;&nbsp;&nbsp; Synaptics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 13943 | &nbsp;&nbsp;&nbsp;&nbsp; 874226 |
| &nbsp;&nbsp;&nbsp; Ultra Clean Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15046 | &nbsp;&nbsp;&nbsp;&nbsp; 338836 |
| &nbsp;&nbsp;&nbsp; Veeco Instruments, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18806 | &nbsp;&nbsp;&nbsp;&nbsp; 390789 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13270340 |
| **Software — 8.2%** | **Software — 8.2%** | **Software — 8.2%** |
| &nbsp;&nbsp;&nbsp; A10 Networks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25576 | &nbsp;&nbsp;&nbsp;&nbsp; 471110 |
| &nbsp;&nbsp;&nbsp; ACI Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37576 | &nbsp;&nbsp;&nbsp;&nbsp; 1599235 |
| &nbsp;&nbsp;&nbsp; Adeia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38439 | &nbsp;&nbsp;&nbsp;&nbsp; 497785 |
| &nbsp;&nbsp;&nbsp; Agilysys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9009 | &nbsp;&nbsp;&nbsp;&nbsp; 1027747 |
| &nbsp;&nbsp;&nbsp; Alarm.com Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17638 | &nbsp;&nbsp;&nbsp;&nbsp; 963564 |
| &nbsp;&nbsp;&nbsp; Alkami Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22842 | &nbsp;&nbsp;&nbsp;&nbsp; 509148 |
| &nbsp;&nbsp;&nbsp; Amplitude, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 29063 | &nbsp;&nbsp;&nbsp;&nbsp; 355440 |
| &nbsp;&nbsp;&nbsp; Appfolio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 8188 | &nbsp;&nbsp;&nbsp;&nbsp; 2189307 |
| &nbsp;&nbsp;&nbsp; Appian Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 10967 | &nbsp;&nbsp;&nbsp;&nbsp; 302799 |
| &nbsp;&nbsp;&nbsp; Asana, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 31533 | &nbsp;&nbsp;&nbsp;&nbsp; 462904 |
| &nbsp;&nbsp;&nbsp; AvePoint, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38613 | &nbsp;&nbsp;&nbsp;&nbsp; 736736 |
| &nbsp;&nbsp;&nbsp; Braze, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 24965 | &nbsp;&nbsp;&nbsp;&nbsp; 695775 |
| &nbsp;&nbsp;&nbsp; C3.ai, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 42414 | &nbsp;&nbsp;&nbsp;&nbsp; 999274 |
| &nbsp;&nbsp;&nbsp; Cipher Mining, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 93835 | &nbsp;&nbsp;&nbsp;&nbsp; 512339 |
| &nbsp;&nbsp;&nbsp; Cleanspark, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 97065 | &nbsp;&nbsp;&nbsp;&nbsp; 1103629 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Software — continued** | **Software — continued** | **Software — continued** |
| &nbsp;&nbsp;&nbsp; Clear Secure, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 29656 | &nbsp;&nbsp;&nbsp;&nbsp; 872183 |
| &nbsp;&nbsp;&nbsp; Clearwater Analytics Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 90184 | &nbsp;&nbsp;&nbsp;&nbsp; 1827128 |
| &nbsp;&nbsp;&nbsp; Core Scientific, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 98669 | &nbsp;&nbsp;&nbsp;&nbsp; 1335978 |
| &nbsp;&nbsp;&nbsp; D-Wave Quantum, Inc. (Canada) \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 100198 | &nbsp;&nbsp;&nbsp;&nbsp; 1722404 |
| &nbsp;&nbsp;&nbsp; Five9, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24587 | &nbsp;&nbsp;&nbsp;&nbsp; 635082 |
| &nbsp;&nbsp;&nbsp; Freshworks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 70069 | &nbsp;&nbsp;&nbsp;&nbsp; 910196 |
| &nbsp;&nbsp;&nbsp; Intapp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19536 | &nbsp;&nbsp;&nbsp;&nbsp; 782417 |
| &nbsp;&nbsp;&nbsp; InterDigital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8529 | &nbsp;&nbsp;&nbsp;&nbsp; 2202188 |
| &nbsp;&nbsp;&nbsp; Jamf Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 18807 | &nbsp;&nbsp;&nbsp;&nbsp; 149328 |
| &nbsp;&nbsp;&nbsp; JFrog Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 34488 | &nbsp;&nbsp;&nbsp;&nbsp; 1497124 |
| &nbsp;&nbsp;&nbsp; Klaviyo, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 35845 | &nbsp;&nbsp;&nbsp;&nbsp; 1114779 |
| &nbsp;&nbsp;&nbsp; Life360, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 26227 | &nbsp;&nbsp;&nbsp;&nbsp; 2008726 |
| &nbsp;&nbsp;&nbsp; LiveRamp Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22315 | &nbsp;&nbsp;&nbsp;&nbsp; 732378 |
| &nbsp;&nbsp;&nbsp; MARA Holdings, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 121267 | &nbsp;&nbsp;&nbsp;&nbsp; 1949973 |
| &nbsp;&nbsp;&nbsp; Meridianlink, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10570 | &nbsp;&nbsp;&nbsp;&nbsp; 168909 |
| &nbsp;&nbsp;&nbsp; N-Able, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26182 | &nbsp;&nbsp;&nbsp;&nbsp; 211551 |
| &nbsp;&nbsp;&nbsp; nCino, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 36387 | &nbsp;&nbsp;&nbsp;&nbsp; 1016107 |
| &nbsp;&nbsp;&nbsp; NCR Voyix Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 49204 | &nbsp;&nbsp;&nbsp;&nbsp; 670158 |
| &nbsp;&nbsp;&nbsp; PagerDuty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30770 | &nbsp;&nbsp;&nbsp;&nbsp; 496012 |
| &nbsp;&nbsp;&nbsp; Progress Software Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14675 | &nbsp;&nbsp;&nbsp;&nbsp; 705574 |
| &nbsp;&nbsp;&nbsp; PROS Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15874 | &nbsp;&nbsp;&nbsp;&nbsp; 249063 |
| &nbsp;&nbsp;&nbsp; Q2 Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21425 | &nbsp;&nbsp;&nbsp;&nbsp; 1739710 |
| &nbsp;&nbsp;&nbsp; Rapid7, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21248 | &nbsp;&nbsp;&nbsp;&nbsp; 448758 |
| &nbsp;&nbsp;&nbsp; RingCentral, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 25745 | &nbsp;&nbsp;&nbsp;&nbsp; 656240 |
| &nbsp;&nbsp;&nbsp; Riot Platforms, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 115955 | &nbsp;&nbsp;&nbsp;&nbsp; 1554957 |
| &nbsp;&nbsp;&nbsp; SoundHound AI, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 128802 | &nbsp;&nbsp;&nbsp;&nbsp; 1330525 |
| &nbsp;&nbsp;&nbsp; Sprinklr, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 40233 | &nbsp;&nbsp;&nbsp;&nbsp; 362499 |
| &nbsp;&nbsp;&nbsp; Sprout Social, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 16773 | &nbsp;&nbsp;&nbsp;&nbsp; 287657 |
| &nbsp;&nbsp;&nbsp; Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30803 | &nbsp;&nbsp;&nbsp;&nbsp; 644707 |
| &nbsp;&nbsp;&nbsp; Terawulf, Inc. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 103288 | &nbsp;&nbsp;&nbsp;&nbsp; 532966 |
| &nbsp;&nbsp;&nbsp; Varonis Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 39452 | &nbsp;&nbsp;&nbsp;&nbsp; 2202605 |
| &nbsp;&nbsp;&nbsp; Verint Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21159 | &nbsp;&nbsp;&nbsp;&nbsp; 450264 |
| &nbsp;&nbsp;&nbsp; Vertex, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 23500 | &nbsp;&nbsp;&nbsp;&nbsp; 779495 |
| &nbsp;&nbsp;&nbsp; Zeta Global Holdings Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 67143 | &nbsp;&nbsp;&nbsp;&nbsp; 1050788 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45725221 |
| **Specialized REITs — 0.8%** | **Specialized REITs — 0.8%** | **Specialized REITs — 0.8%** |
| &nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35664 | &nbsp;&nbsp;&nbsp;&nbsp; 900160 |
| &nbsp;&nbsp;&nbsp; Millrose Properties, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 43107 | &nbsp;&nbsp;&nbsp;&nbsp; 1292779 |
| &nbsp;&nbsp;&nbsp; National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp; 25115 | &nbsp;&nbsp;&nbsp;&nbsp; 739888 |
| &nbsp;&nbsp;&nbsp; Outfront Media, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 50412 | &nbsp;&nbsp;&nbsp;&nbsp; 883722 |
| &nbsp;&nbsp;&nbsp; Safehold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16175 | &nbsp;&nbsp;&nbsp;&nbsp; 226288 |
| &nbsp;&nbsp;&nbsp; Uniti Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 81425 | &nbsp;&nbsp;&nbsp;&nbsp; 433181 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4476018 |
| **Specialty Retail — 2.6%** | **Specialty Retail — 2.6%** | **Specialty Retail — 2.6%** |
| &nbsp;&nbsp;&nbsp; Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23399 | &nbsp;&nbsp;&nbsp;&nbsp; 1188435 |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20229 | &nbsp;&nbsp;&nbsp;&nbsp; 1073553 |
| &nbsp;&nbsp;&nbsp; American Eagle Outfitters, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 56553 | &nbsp;&nbsp;&nbsp;&nbsp; 610772 |
| &nbsp;&nbsp;&nbsp; Boot Barn Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10203 | &nbsp;&nbsp;&nbsp;&nbsp; 1753896 |
| &nbsp;&nbsp;&nbsp; Buckle, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 11384 | &nbsp;&nbsp;&nbsp;&nbsp; 562028 |
| &nbsp;&nbsp;&nbsp; Foot Locker, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 27973 | &nbsp;&nbsp;&nbsp;&nbsp; 700444 |
| &nbsp;&nbsp;&nbsp; National Vision Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26508 | &nbsp;&nbsp;&nbsp;&nbsp; 643084 |
| &nbsp;&nbsp;&nbsp; Revolve Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14388 | &nbsp;&nbsp;&nbsp;&nbsp; 298551 |
| &nbsp;&nbsp;&nbsp; Sally Beauty Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33312 | &nbsp;&nbsp;&nbsp;&nbsp; 324459 |
| &nbsp;&nbsp;&nbsp; Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13251 | &nbsp;&nbsp;&nbsp;&nbsp; 1048154 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 4964 | &nbsp;&nbsp;&nbsp;&nbsp; 359145 |
| &nbsp;&nbsp;&nbsp; Upbound Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18607 | &nbsp;&nbsp;&nbsp;&nbsp; 383955 |
| &nbsp;&nbsp;&nbsp; Urban Outfitters, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 20942 | &nbsp;&nbsp;&nbsp;&nbsp; 1576514 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Specialty Retail — continued** | **Specialty Retail — continued** | **Specialty Retail — continued** |
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24660 | &nbsp;&nbsp;&nbsp;&nbsp; 463608 |
| &nbsp;&nbsp;&nbsp; Warby Parker, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 31531 | &nbsp;&nbsp;&nbsp;&nbsp; 755168 |
| &nbsp;&nbsp;&nbsp; Wayfair, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 35359 | &nbsp;&nbsp;&nbsp;&nbsp; 2320965 |
| &nbsp;&nbsp;&nbsp; Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1063 | &nbsp;&nbsp;&nbsp;&nbsp; 401198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14463929 |
| **Technology Hardware, Storage & Peripherals — 0.0% ^** | **Technology Hardware, Storage & Peripherals — 0.0% ^** | **Technology Hardware, Storage & Peripherals — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; CompoSecure, Inc., Class A \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 16844 | &nbsp;&nbsp;&nbsp;&nbsp; 239353 |
| **Textiles, Apparel & Luxury Goods — 1.0%** | **Textiles, Apparel & Luxury Goods — 1.0%** | **Textiles, Apparel & Luxury Goods — 1.0%** |
| &nbsp;&nbsp;&nbsp; Capri Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42065 | &nbsp;&nbsp;&nbsp;&nbsp; 765162 |
| &nbsp;&nbsp;&nbsp; Carter's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11933 | &nbsp;&nbsp;&nbsp;&nbsp; 289256 |
| &nbsp;&nbsp;&nbsp; G-III Apparel Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12382 | &nbsp;&nbsp;&nbsp;&nbsp; 292215 |
| &nbsp;&nbsp;&nbsp; Hanesbrands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 117121 | &nbsp;&nbsp;&nbsp;&nbsp; 479025 |
| &nbsp;&nbsp;&nbsp; Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 19655 | &nbsp;&nbsp;&nbsp;&nbsp; 1093997 |
| &nbsp;&nbsp;&nbsp; Levi Strauss & Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 31111 | &nbsp;&nbsp;&nbsp;&nbsp; 612576 |
| &nbsp;&nbsp;&nbsp; Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 23455 | &nbsp;&nbsp;&nbsp;&nbsp; 563037 |
| &nbsp;&nbsp;&nbsp; Under Armour, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 64112 | &nbsp;&nbsp;&nbsp;&nbsp; 425704 |
| &nbsp;&nbsp;&nbsp; Under Armour, Inc., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp; 47727 | &nbsp;&nbsp;&nbsp;&nbsp; 300680 |
| &nbsp;&nbsp;&nbsp; Wolverine World Wide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28882 | &nbsp;&nbsp;&nbsp;&nbsp; 652156 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5473808 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| &nbsp;&nbsp;&nbsp; Universal Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8062 | &nbsp;&nbsp;&nbsp;&nbsp; 439137 |
| **Trading Companies & Distributors — 0.9%** | **Trading Companies & Distributors — 0.9%** | **Trading Companies & Distributors — 0.9%** |
| &nbsp;&nbsp;&nbsp; Boise Cascade Co. | &nbsp;&nbsp;&nbsp;&nbsp; 13522 | &nbsp;&nbsp;&nbsp;&nbsp; 1133279 |
| &nbsp;&nbsp;&nbsp; DNOW, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 35131 | &nbsp;&nbsp;&nbsp;&nbsp; 546638 |
| &nbsp;&nbsp;&nbsp; GMS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12460 | &nbsp;&nbsp;&nbsp;&nbsp; 1366114 |
| &nbsp;&nbsp;&nbsp; McGrath RentCorp | &nbsp;&nbsp;&nbsp;&nbsp; 8721 | &nbsp;&nbsp;&nbsp;&nbsp; 1088294 |
| &nbsp;&nbsp;&nbsp; Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1136 | &nbsp;&nbsp;&nbsp;&nbsp; 160835 |
| &nbsp;&nbsp;&nbsp; Xometry, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 14178 | &nbsp;&nbsp;&nbsp;&nbsp; 458516 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4753676 |
| **Water Utilities — 0.2%** | **Water Utilities — 0.2%** | **Water Utilities — 0.2%** |
| &nbsp;&nbsp;&nbsp; H2O America | &nbsp;&nbsp;&nbsp;&nbsp; 11143 | &nbsp;&nbsp;&nbsp;&nbsp; 538096 |
| &nbsp;&nbsp;&nbsp; Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp; 6347 | &nbsp;&nbsp;&nbsp;&nbsp; 327505 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 865601 |
| **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; Gogo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22981 | &nbsp;&nbsp;&nbsp;&nbsp; 364478 |
| &nbsp;&nbsp;&nbsp; Telephone and Data Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32522 | &nbsp;&nbsp;&nbsp;&nbsp; 1269659 |
| &nbsp;&nbsp;&nbsp; United States Cellular Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 4272 | &nbsp;&nbsp;&nbsp;&nbsp; 311557 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1945694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $518,817,755)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 550577723 |
|  | &nbsp;&nbsp;&nbsp; **NO. OF** <br> **RIGHTS**<br>|  |
| **Rights — 0.0% ^** | **Rights — 0.0% ^** | **Rights — 0.0% ^** |
| **Biotechnology — 0.0% ^** | **Biotechnology — 0.0% ^** | **Biotechnology — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Mirati Therapeutics, Inc., CVR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 39447 | &nbsp;&nbsp;&nbsp;&nbsp; 27613 |
| &nbsp;&nbsp;&nbsp; Sanofi Aatd, Inc., CVR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 10020 | &nbsp;&nbsp;&nbsp;&nbsp; 1453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $29,066)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 29066 |

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **SHARES** | **VALUE($)** |
| **Short-Term Investments — 6.3%** | **Short-Term Investments — 6.3%** | **Short-Term Investments — 6.3%** |
| **Investment Companies — 0.9%** | **Investment Companies — 0.9%** | **Investment Companies — 0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.26% (c) (d) <br>(Cost $4,683,845)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4683845 | &nbsp;&nbsp;&nbsp;&nbsp; 4683845 |
| **Investment of Cash Collateral from Securities Loaned — 5.4%** | **Investment of Cash Collateral from Securities Loaned — 5.4%** | **Investment of Cash Collateral from Securities Loaned — 5.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (c) (d) <br>(Cost $30,178,434)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30178434 | &nbsp;&nbsp;&nbsp;&nbsp; 30178434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $34,862,279)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 34862279 |
| **Total Investments — 105.3%** <br>**(Cost $553,709,100)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **585469068** |
| **Liabilities in Excess of Other Assets — (5.3)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(29490197)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **555978871** |

---

&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 |
| CVR | Contingent Value Rights |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (b) | 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 $29,450,121. |
| (c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (d) | The rate shown is the current yield as of July 31, 2025. |

---

**Futures contracts outstanding as of July 31, 2025:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| Russell 2000 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 5218410 | &nbsp;&nbsp;&nbsp;&nbsp; 183789 |

---

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

---

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

---

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset value ("NAV") of the Fund is calculated on a valuation date.

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

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

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

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

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

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

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

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

------

**JPMorgan BetaBuilders U.S. Small Cap Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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;&nbsp; $550577723 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $550577723 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29066 | &nbsp;&nbsp;&nbsp;&nbsp; 29066 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 4683845 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4683845 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 30178434 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 30178434 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 34862279 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34862279 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $585440002 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $29066 | &nbsp;&nbsp;&nbsp;&nbsp; $585469068 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $183789 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $183789 |

---

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

 <br> (a) Value is zero.

**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. 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 Securities Lending <br> Money Market Fund Agency SL <br> Class Shares, 4.37% (a) (b)<br>| $19349471 | $158159083 | $147330120 | $— | $— | $30178434 | 30178434 | $794934 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government <br> Money Market Fund Class IM <br> Shares, 4.26% (a) (b)<br>| 4153660 | 24818016 | 24287831 |  |  | 4683845 | 4683845 | 167736 |  |
| **Total** | $23503131 | $182977099 | $171617951 | $— | $— | $34862279 |  | $962670 | $— |

---

&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 BetaBuilders U.S. Small Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000069185

- **c. LEI of Series:** 549300LKK9I7ORHNOS29

**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:** $586199646.17

**Total Liabilities:** $30220775.43

**Net Assets:** $555978870.74

**Cash Not Reported:** $92452.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221046 | 6.63%                | 5.35%                | 2.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $154855.80               | $32032741.42                               |
| Month 2  | $-3874083.73             | $30872572.33                               |
| Month 3  | $1368013.57              | $9376349.07                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Independent Bank Corp.                        | Independent Bank Corp.                                                | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     14327 | NS      | $910480.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises, Inc.                      | Werner Enterprises, Inc.                                              | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     19262 | NS      | $533942.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MannKind Corp.                                | MannKind Corp.                                                        | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |    105478 | NS      | $398706.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners, Inc.                            | PJT Partners, Inc., Class A                                           | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      7912 | NS      | $1413241.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                                | Renasant Corp.                                                        | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     32774 | NS      | $1200839.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                       | COPT Defense Properties                                               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     40147 | NS      | $1095210.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                      | Trinity Industries, Inc.                                              | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     26953 | NS      | $628004.90    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics, Inc.                     | Apogee Therapeutics, Inc.                                             | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9124 | NS      | $349084.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                    | Wolverine World Wide, Inc.                                            | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     28882 | NS      | $652155.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corp.                                   | Sabre Corp.                                                           | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |    129589 | NS      | $392654.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                            | InterDigital, Inc.                                                    | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8529 | NS      | $2202187.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos, Inc.                                   | Sonos, Inc.                                                           | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     38568 | NS      | $416920.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp.                    | Chesapeake Utilities Corp.                                            | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      8038 | NS      | $963595.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.            | Helix Energy Solutions Group, Inc.                                    | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     46109 | NS      | $273426.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino, Inc.                                   | nCino, Inc.                                                           | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     36387 | NS      | $1016106.98   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS, Inc.                                     | GMS, Inc.                                                             | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     12460 | NS      | $1366114.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                               | BGC Group, Inc., Class A                                              | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    126149 | NS      | $1169401.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp.                         | First Advantage Corp.                                                 | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     27995 | NS      | $484033.55    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies, Inc.                     | Mirion Technologies, Inc.                                             | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     73901 | NS      | $1651687.35   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's, Inc.                                | Carter's, Inc.                                                        | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     11933 | NS      | $289255.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp.                         | Gulfport Energy Corp.                                                 | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      5365 | NS      | $934207.45    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp                             | Merchants Bancorp                                                     | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |      7515 | NS      | $220189.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd.                    | Liberty Latin America Ltd., Class C                                   | CUSIP: N/A<br>LEI: 213800YWQHEAX7CAVO83       | Long             | EC               | CORP              | BM        |     38433 | NS      | $274411.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco, Inc.                                | WesBanco, Inc.                                                        | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32146 | NS      | $968558.98    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7, Inc.                                  | Rapid7, Inc.                                                          | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     21248 | NS      | $448757.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat, Inc.                                  | Viasat, Inc.                                                          | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |     36749 | NS      | $603786.07    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker, Inc.                             | Foot Locker, Inc.                                                     | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     27973 | NS      | $700443.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                   | Brinker International, Inc.                                           | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     15720 | NS      | $2477472.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy, Inc.                            | Talos Energy, Inc.                                                    | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |     39956 | NS      | $341623.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp.                          | Addus HomeCare Corp.                                                  | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      6435 | NS      | $687129.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corp.                            | QuantumScape Corp.                                                    | CUSIP: 74767V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147501 | NS      | $1268508.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ, Inc.                                    | CBIZ, Inc.                                                            | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     18374 | NS      | $1123018.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA, Inc.                                   | TEGNA, Inc.                                                           | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     53450 | NS      | $892615.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion, Inc.                          | Garrett Motion, Inc.                                                  | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |     42229 | NS      | $550666.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                    | Resideo Technologies, Inc.                                            | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     49580 | NS      | $1353534.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade, Inc.                                | Lemonade, Inc.                                                        | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     19204 | NS      | $723606.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| D-Wave Quantum, Inc.                          | D-Wave Quantum, Inc.                                                  | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |    100198 | NS      | $1722403.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Venture Global, Inc.                          | Venture Global, Inc., Class A                                         | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     34467 | NS      | $528379.11    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health, Inc.                          | Astrana Health, Inc.                                                  | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     14165 | NS      | $337976.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                         | Cal-Maine Foods, Inc.                                                 | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     15271 | NS      | $1697218.94   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                              | TriCo Bancshares                                                      | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10726 | NS      | $441053.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint, Inc.                                | AvePoint, Inc.                                                        | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38613 | NS      | $736736.04    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Driven Brands Holdings, Inc.                  | Driven Brands Holdings, Inc.                                          | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22013 | NS      | $372019.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific, Inc.                         | Core Scientific, Inc.                                                 | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |     98669 | NS      | $1335978.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Two Harbors Investment Corp.                  | Two Harbors Investment Corp.                                          | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     35111 | NS      | $342332.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals, Inc.                  | Ligand Pharmaceuticals, Inc.                                          | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      6433 | NS      | $846454.14    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management, Inc.       | Artisan Partners Asset Management, Inc., Class A                      | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     24865 | NS      | $1125141.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health, Inc.                            | Oscar Health, Inc., Class A                                           | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68581 | NS      | $963563.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Polaris, Inc.                                 | Polaris, Inc.                                                         | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     18252 | NS      | $965713.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass, Inc.                              | Tecnoglass, Inc.                                                      | CUSIP: N/A<br>LEI: 529900YRWTPOC2E6IO67       | Long             | EC               | CORP              | KY        |      8509 | NS      | $663957.27    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp.                            | Bloom Energy Corp., Class A                                           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     71577 | NS      | $2676264.03   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirati Therapeutics, Inc.                     | Mirati Therapeutics, Inc., CVR                                        | CUSIP: 604CVR027<br>LEI: 529900GYRW59IDQV6N54 | Long             |  | CORP              | US        |     39447 | NS      | $27612.90     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OPENLANE, Inc.                                | OPENLANE, Inc.                                                        | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     35719 | NS      | $880116.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries, Inc.                 | Tootsie Roll Industries, Inc.                                         | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |      6246 | NS      | $236910.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vita Coco Co., Inc. (The)                     | Vita Coco Co., Inc. (The)                                             | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     14585 | NS      | $514267.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart, Inc.                              | PriceSmart, Inc.                                                      | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      8320 | NS      | $894400.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp, Inc.                       | Brookline Bancorp, Inc.                                               | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29863 | NS      | $308186.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical, Inc.                             | ICU Medical, Inc.                                                     | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      8261 | NS      | $1060795.01   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp.                          | PAR Technology Corp.                                                  | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     14245 | NS      | $865811.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics, Inc.                     | Kymera Therapeutics, Inc.                                             | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16994 | NS      | $743487.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Inc.                          | Ingles Markets, Inc., Class A                                         | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |      5159 | NS      | $324655.87    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                        | Integer Holdings Corp.                                                | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     12286 | NS      | $1333153.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                    | Axcelis Technologies, Inc.                                            | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     11087 | NS      | $750479.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral, Inc.                             | RingCentral, Inc., Class A                                            | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     25745 | NS      | $656240.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                           | Crescent Energy Co., Class A                                          | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48811 | NS      | $451013.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co.                 | Northwest Natural Holding Co.                                         | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     14368 | NS      | $573570.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares, Inc.                    | Northwest Bancshares, Inc.                                            | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46876 | NS      | $548449.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp.                   | Standex International Corp.                                           | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4102 | NS      | $675763.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                           | Bancorp, Inc. (The)                                                   | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     16242 | NS      | $1025844.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp.                                 | Semtech Corp.                                                         | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     30876 | NS      | $1577763.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Clover Health Investments Corp.               | Clover Health Investments Corp.                                       | CUSIP: 18914F103<br>LEI: 5493000HLYOYQU6LK133 | Long             | EC               | CORP              | US        |    134219 | NS      | $387892.91    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Hilltop Holdings, Inc.                        | Hilltop Holdings, Inc.                                                | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     14455 | NS      | $427868.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp.             | Integral Ad Science Holding Corp.                                     | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24650 | NS      | $202130.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery, Inc.                         | Energy Recovery, Inc.                                                 | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     19415 | NS      | $261131.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PureCycle Technologies, Inc.                  | PureCycle Technologies, Inc.                                          | CUSIP: 74623V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46512 | NS      | $623725.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Harley-Davidson, Inc.                         | Harley-Davidson, Inc.                                                 | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     40381 | NS      | $982469.73    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr, Inc.                                  | Grindr, Inc.                                                          | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Long             | EC               | CORP              | US        |     11645 | NS      | $203554.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries, Inc.                    | Winnebago Industries, Inc.                                            | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      8825 | NS      | $262279.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                                  | RadNet, Inc.                                                          | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     23281 | NS      | $1274169.13   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global, Inc.                         | Mobileye Global, Inc., Class A                                        | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55310 | NS      | $787614.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier, Inc.                                 | Premier, Inc., Class A                                                | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29011 | NS      | $623156.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyne Therapeutics, Inc.                       | Dyne Therapeutics, Inc.                                               | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39860 | NS      | $392621.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Therapeutics, Inc.                       | Vera Therapeutics, Inc.                                               | CUSIP: 92337R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16783 | NS      | $348918.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                   | DiamondRock Hospitality Co.                                           | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     70143 | NS      | $541503.96    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals, Inc.                  | Rhythm Pharmaceuticals, Inc.                                          | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     16911 | NS      | $1441324.53   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters, Inc.                        | Urban Outfitters, Inc.                                                | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     20942 | NS      | $1576513.76   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp.                               | Trustmark Corp.                                                       | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     20283 | NS      | $755541.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                 | Hawkins, Inc.                                                         | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      6804 | NS      | $1110957.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live               | Liberty Media Corp-Liberty Live, Class A                              | CUSIP: 531229748<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7011 | NS      | $573499.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                   | Centerspace                                                           | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |      5652 | NS      | $307638.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb, Inc.                                  | OmniAb, Inc.                                                          | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2112 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lindsay Corp.                                 | Lindsay Corp.                                                         | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      3871 | NS      | $528430.21    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co.                                 | Crane NXT Co.                                                         | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     19230 | NS      | $1141108.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings, Inc.                  | Grid Dynamics Holdings, Inc.                                          | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     22689 | NS      | $215318.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co.                                | WK Kellogg Co.                                                        | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |     21822 | NS      | $502997.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics, Inc.                     | Soleno Therapeutics, Inc.                                             | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     10857 | NS      | $938804.79    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California, Inc.                      | Banc of California, Inc.                                              | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     50146 | NS      | $728119.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services, Inc.                     | Kodiak Gas Services, Inc.                                             | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18655 | NS      | $603116.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty, Inc.                               | PagerDuty, Inc.                                                       | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |     30770 | NS      | $496012.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store, Inc.        | Cracker Barrel Old Country Store, Inc.                                | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |      7880 | NS      | $488560.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| WaFd, Inc.                                    | WaFd, Inc.                                                            | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26806 | NS      | $780188.63    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings, Inc.                      | Employers Holdings, Inc.                                              | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7962 | NS      | $328671.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore, Inc.                                  | Atkore, Inc.                                                          | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     11546 | NS      | $889272.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight, Inc.                                  | Alight, Inc., Class A                                                 | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |    148147 | NS      | $794067.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus, Inc.                                  | Cactus, Inc., Class A                                                 | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     24286 | NS      | $1027540.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals, Inc.                  | Tarsus Pharmaceuticals, Inc.                                          | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10304 | NS      | $400001.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                | Constellium SE                                                        | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |     45614 | NS      | $625367.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                  | Vishay Intertechnology, Inc.                                          | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |     36456 | NS      | $597513.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                  | Apple Hospitality REIT, Inc.                                          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     79835 | NS      | $938061.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd.                              | SiriusPoint Ltd.                                                      | CUSIP: N/A<br>LEI: 549300OGXFI85N3YZZ51       | Long             | EC               | CORP              | BM        |     34324 | NS      | $673093.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                              | Elme Communities                                                      | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     31301 | NS      | $472019.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                 | Navient Corp.                                                         | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     24600 | NS      | $318324.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group, Inc. (The)                         | GEO Group, Inc. (The)                                                 | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     47128 | NS      | $1221557.76   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal, Inc.                        | Warrior Met Coal, Inc.                                                | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     17416 | NS      | $894834.08    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings, Inc.             | Establishment Labs Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 549300BCBQ714JNJ7V58       | Long             | EC               | CORP              | VG        |      8589 | NS      | $360351.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet, Inc.                                  | Nelnet, Inc., Class A                                                 | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |      4096 | NS      | $511057.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp.                              | NextDecade Corp.                                                      | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |     56637 | NS      | $643396.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                 | SM Energy Co.                                                         | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     37257 | NS      | $1027920.63   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group, Inc.                           | Revolve Group, Inc.                                                   | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14388 | NS      | $298551.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewise Therapeutics, Inc.                   | Edgewise Therapeutics, Inc.                                           | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27932 | NS      | $398310.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd.                                    | JFrog Ltd.                                                            | CUSIP: N/A<br>LEI: 2549002N8E00AY49G567       | Long             | EC               | CORP              | IL        |     34488 | NS      | $1497124.08   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap, Inc.                      | Marcus & Millichap, Inc.                                              | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |      8287 | NS      | $258222.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings, Inc.                 | Atlanta Braves Holdings, Inc., Class A                                | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3547 | NS      | $167063.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Virtus Investment Partners, Inc.              | Virtus Investment Partners, Inc.                                      | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      2242 | NS      | $433401.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp.                               | NCR Voyix Corp.                                                       | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     49204 | NS      | $670158.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.               | National Health Investors, Inc.                                       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     15891 | NS      | $1110145.26   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Weis Markets, Inc.                            | Weis Markets, Inc.                                                    | CUSIP: 948849104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5103 | NS      | $369508.23    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics, Inc.                   | Viridian Therapeutics, Inc.                                           | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |     25085 | NS      | $439489.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co., Inc.                   | Acadia Healthcare Co., Inc.                                           | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     32599 | NS      | $709680.23    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp.                         | JetBlue Airways Corp.                                                 | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |    101733 | NS      | $451694.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp, Inc.                        | Republic Bancorp, Inc., Class A                                       | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2977 | NS      | $204996.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta, Inc.                                 | Marqeta, Inc., Class A                                                | CUSIP: 57142B104<br>LEI: 254900UZARK0FMZGZE18 | Long             | EC               | CORP              | US        |    142155 | NS      | $810283.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co.                          | Allegiant Travel Co.                                                  | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |      4713 | NS      | $243379.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KinderCare Learning Cos., Inc.                | KinderCare Learning Cos., Inc.                                        | CUSIP: 49456W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11039 | NS      | $106084.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Recursion Pharmaceuticals, Inc.               | Recursion Pharmaceuticals, Inc., Class A                              | CUSIP: 75629V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110157 | NS      | $655434.15    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Strategic Education, Inc.                     | Strategic Education, Inc.                                             | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |      7895 | NS      | $585374.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp.                         | Applied Digital Corp.                                                 | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     63796 | NS      | $838279.44    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Spectrum Brands Holdings, Inc.                | Spectrum Brands Holdings, Inc.                                        | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |      9013 | NS      | $482285.63    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                  | Mueller Water Products, Inc., Class A                                 | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     55824 | NS      | $1382202.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                  | Moelis & Co., Class A                                                 | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     26491 | NS      | $1858078.74   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co. (The)                             | St. Joe Co. (The)                                                     | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     14507 | NS      | $732603.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec, Inc.                                | Innospec, Inc.                                                        | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      8460 | NS      | $675954.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | Russell 2000 E-Mini Index                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        47 | NC      | $183788.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics, Inc.                            | 10X Genomics, Inc., Class A                                           | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |     36885 | NS      | $496103.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp.                          | Uranium Energy Corp.                                                  | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    150649 | NS      | $1306126.83   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes, Inc.                               | LGI Homes, Inc.                                                       | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      7028 | NS      | $374381.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplitude, Inc.                               | Amplitude, Inc., Class A                                              | CUSIP: 03213A104<br>LEI: 984500EZ87C703978858 | Long             | EC               | CORP              | US        |     29063 | NS      | $355440.49    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers, Inc.                            | Saul Centers, Inc.                                                    | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4444 | NS      | $143185.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Disc Medicine, Inc.                           | Disc Medicine, Inc.                                                   | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8324 | NS      | $497442.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark, Inc.                              | Cleanspark, Inc.                                                      | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     97065 | NS      | $1103629.05   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Udemy, Inc.                                   | Udemy, Inc.                                                           | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |     29316 | NS      | $223094.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                              | McGrath RentCorp                                                      | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      8721 | NS      | $1088293.59   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health, Inc.                          | Teladoc Health, Inc.                                                  | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |     62466 | NS      | $450379.86    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                    | Southside Bancshares, Inc.                                            | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |      9975 | NS      | $293664.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor, Inc.                             | TripAdvisor, Inc.                                                     | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     40105 | NS      | $701436.45    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                     | Curbline Properties Corp.                                             | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     36924 | NS      | $816020.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure, Inc.                             | CompoSecure, Inc., Class A                                            | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16844 | NS      | $239353.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicell, Inc.                                | Omnicell, Inc.                                                        | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     15574 | NS      | $482949.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group, Inc. (The)           | Baldwin Insurance Group, Inc. (The), Class A                          | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25004 | NS      | $921147.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp.                               | Universal Corp.                                                       | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |      8062 | NS      | $439137.14    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                     | RXO, Inc.                                                             | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     58295 | NS      | $900657.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                   | Amalgamated Financial Corp.                                           | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5838 | NS      | $169243.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                         | Walker & Dunlop, Inc.                                                 | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11646 | NS      | $873566.46    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp.                           | IPG Photonics Corp.                                                   | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      9247 | NS      | $692507.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                      | Central Garden & Pet Co., Class A                                     | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     17608 | NS      | $625436.16    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus, Inc.                                | Cargurus, Inc.                                                        | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     27742 | NS      | $910492.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd.                           | Capri Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |     42065 | NS      | $765162.35    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                            | Under Armour, Inc., Class C                                           | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     47727 | NS      | $300680.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd.                            | Steven Madden Ltd.                                                    | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     23455 | NS      | $563037.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp.                       | Hillman Solutions Corp.                                               | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66087 | NS      | $521426.43    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp.                     | PROCEPT BioRobotics Corp.                                             | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19026 | NS      | $922951.26    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp.                         | Mercury General Corp.                                                 | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      8817 | NS      | $610577.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                    | Korn Ferry                                                            | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     17408 | NS      | $1233704.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp.                    | OceanFirst Financial Corp.                                            | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19648 | NS      | $329693.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WaVe Life Sciences Ltd.                       | WaVe Life Sciences Ltd.                                               | CUSIP: N/A<br>LEI: 54930070006GPKFYZ813       | Long             | EC               | CORP              | SG        |     39738 | NS      | $321877.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Playtika Holding Corp.                        | Playtika Holding Corp.                                                | CUSIP: 72815L107<br>LEI: 254900E35Z4TKA4UFG64 | Long             | EC               | CORP              | US        |     25473 | NS      | $113482.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                        | Cathay General Bancorp                                                | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     22783 | NS      | $1030247.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite, Inc.                                 | Magnite, Inc.                                                         | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     47354 | NS      | $1089615.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions, Inc.                         | Viavi Solutions, Inc.                                                 | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |     73855 | NS      | $742242.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                  | United Community Banks, Inc.                                          | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     40321 | NS      | $1229790.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co.                             | Boise Cascade Co.                                                     | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     13522 | NS      | $1133278.82   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences, Inc.                      | Ideaya Biosciences, Inc.                                              | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |     29976 | NS      | $729915.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co. (The)                             | Brink's Co. (The)                                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     14741 | NS      | $1287478.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp.                     | National HealthCare Corp.                                             | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |      4440 | NS      | $426373.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp.                        | Twist Bioscience Corp.                                                | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |     21195 | NS      | $711516.15    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent, Inc.         | Concentra Group Holdings Parent, Inc.                                 | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42291 | NS      | $844551.27    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp.                             | LendingClub Corp.                                                     | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |     39514 | NS      | $616023.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live               | Liberty Media Corp-Liberty Live, Class C                              | CUSIP: 531229722<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16574 | NS      | $1396028.02   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp.                            | Jamf Holding Corp.                                                    | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |     18807 | NS      | $149327.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd.                               | Transocean Ltd.                                                       | CUSIP: N/A<br>LEI: 529900QO4W5DQGBGEF32       | Long             | EC               | CORP              | CH        |    246865 | NS      | $720845.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co., Inc.                   | CommScope Holding Co., Inc.                                           | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |     73081 | NS      | $599264.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp.                             | QuidelOrtho Corp.                                                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     23528 | NS      | $541614.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp.                                 | Visteon Corp.                                                         | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      8763 | NS      | $974007.45    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International, Inc.                       | ICF International, Inc.                                               | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      6225 | NS      | $522215.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms, Inc.                          | Riot Platforms, Inc.                                                  | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    115955 | NS      | $1554956.55   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia, Inc.                                  | Phinia, Inc.                                                          | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     13960 | NS      | $707772.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex, Inc.                                  | Vertex, Inc., Class A                                                 | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     23500 | NS      | $779495.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial, Inc.                           | MFA Financial, Inc.                                                   | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |     33516 | NS      | $304660.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group, Inc.               | Healthcare Services Group, Inc.                                       | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     24086 | NS      | $313358.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group, Inc.                  | Safety Insurance Group, Inc.                                          | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |      4981 | NS      | $350413.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC, Inc.                                     | IAC, Inc.                                                             | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     24097 | NS      | $947012.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp.                                   | Brady Corp., Class A                                                  | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     15205 | NS      | $1073016.85   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| J&J Snack Foods Corp.                         | J & J Snack Foods Corp.                                               | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |      5389 | NS      | $608364.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp.                                 | Griffon Corp.                                                         | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     14241 | NS      | $1157366.07   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations, Inc.                      | Power Integrations, Inc.                                              | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     19347 | NS      | $938716.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings, Inc.                       | Cinemark Holdings, Inc.                                               | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     35666 | NS      | $958345.42    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                                   | Terex Corp.                                                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     22510 | NS      | $1144858.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group, Inc.                 | LifeStance Health Group, Inc.                                         | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55961 | NS      | $222724.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                      | Advance Auto Parts, Inc.                                              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     20229 | NS      | $1073553.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings plc                           | Tronox Holdings plc                                                   | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | GB        |     39495 | NS      | $125989.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                   | Greif, Inc., Class A                                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |      8548 | NS      | $542199.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm, Inc.                                | Gentherm, Inc.                                                        | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     10557 | NS      | $338246.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions, Inc.                            | ACV Auctions, Inc., Class A                                           | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55101 | NS      | $782985.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Day One Biopharmaceuticals, Inc.              | Day One Biopharmaceuticals, Inc.                                      | CUSIP: 23954D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24452 | NS      | $164072.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co.                           | Middlesex Water Co.                                                   | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6347 | NS      | $327505.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                         | Dentsply Sirona, Inc.                                                 | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     68748 | NS      | $983783.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares, Inc.                     | Live Oak Bancshares, Inc.                                             | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12684 | NS      | $400941.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass, Inc.                                 | Compass, Inc., Class A                                                | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    156898 | NS      | $1245770.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics, Inc.                      | Janux Therapeutics, Inc.                                              | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13717 | NS      | $329413.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaboard Corp.                                | Seaboard Corp.                                                        | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |        93 | NS      | $294547.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd.                                 | Novocure Ltd.                                                         | CUSIP: N/A<br>LEI: 213800YPP55UMHWA4826       | Long             | EC               | CORP              | JE        |     36029 | NS      | $416855.53    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd.                             | WNS Holdings Ltd.                                                     | CUSIP: N/A<br>LEI: 529900RM7QHUD3W9DM42       | Long             | EC               | CORP              | JE        |     14482 | NS      | $1083108.78   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                                | La-Z-Boy, Inc.                                                        | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     13655 | NS      | $491170.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings, Inc.                        | Centuri Holdings, Inc.                                                | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5975 | NS      | $130255.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares, Inc.                      | Eastern Bankshares, Inc.                                              | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |     68054 | NS      | $1051434.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics, Inc.                     | Amicus Therapeutics, Inc.                                             | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |     90932 | NS      | $544682.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp.                                 | ArcBest Corp.                                                         | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      7657 | NS      | $559956.41    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.                | Victory Capital Holdings, Inc., Class A                               | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     16368 | NS      | $1127918.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookdale Senior Living, Inc.                 | Brookdale Senior Living, Inc.                                         | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |     77660 | NS      | $601865.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems, Inc.                         | Mercury Systems, Inc.                                                 | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     18415 | NS      | $968444.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream, Inc.                            | HealthStream, Inc.                                                    | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      8295 | NS      | $216997.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp.                          | Verra Mobility Corp.                                                  | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     56589 | NS      | $1429438.14   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp.                             | First Busey Corp.                                                     | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     30598 | NS      | $682947.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                        | PTC Therapeutics, Inc.                                                | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     25180 | NS      | $1312129.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys, Inc.                                | Agilysys, Inc.                                                        | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |      9009 | NS      | $1027746.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                                  | Vestis Corp.                                                          | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     46493 | NS      | $281747.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks, Inc.                              | Freshworks, Inc., Class A                                             | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |     70069 | NS      | $910196.31    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AvidXchange Holdings, Inc.                    | AvidXchange Holdings, Inc.                                            | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66932 | NS      | $659949.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                      | Sphere Entertainment Co.                                              | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |      8646 | NS      | $372210.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.   | Apollo Commercial Real Estate Finance, Inc.                           | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     43910 | NS      | $422414.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicara Therapeutics, Inc.                     | Bicara Therapeutics, Inc.                                             | CUSIP: 055477103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10176 | NS      | $113055.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Hope Bancorp, Inc.                            | Hope Bancorp, Inc.                                                    | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     43577 | NS      | $435334.23    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                   | H2O America                                                           | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11143 | NS      | $538095.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                         | TreeHouse Foods, Inc.                                                 | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     16079 | NS      | $309038.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent, Inc.                                | Nuvalent, Inc., Class A                                               | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14235 | NS      | $1115312.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT, Inc.                 | ARMOUR Residential REIT, Inc.                                         | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     29017 | NS      | $473267.27    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Winmark Corp.                                 | Winmark Corp.                                                         | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1063 | NS      | $401197.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                     | HNI Corp.                                                             | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     16283 | NS      | $837597.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure, Inc.                                | AtriCure, Inc.                                                        | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17551 | NS      | $616040.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp.                                  | Plexus Corp.                                                          | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      9069 | NS      | $1156297.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana, Inc.                                   | Asana, Inc., Class A                                                  | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               | CORP              | US        |     31533 | NS      | $462904.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus, Inc.                                   | ePlus, Inc.                                                           | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      8983 | NS      | $581918.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                                | Huntsman Corp.                                                        | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     55764 | NS      | $540910.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp.                 | Six Flags Entertainment Corp.                                         | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |     33536 | NS      | $1004738.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions, Inc.                     | Perimeter Solutions, Inc.                                             | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47603 | NS      | $767836.39    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings, Inc.                    | Ultra Clean Holdings, Inc.                                            | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     15046 | NS      | $338835.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland, Inc.                                 | Ashland, Inc.                                                         | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     15769 | NS      | $813049.64    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts, Inc.                        | Red Rock Resorts, Inc., Class A                                       | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18024 | NS      | $1105772.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC, Inc.                                 | EVERTEC, Inc.                                                         | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     21254 | NS      | $768332.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co. (The)                         | Gorman-Rupp Co. (The)                                                 | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      7372 | NS      | $303431.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies, Inc.                       | ESCO Technologies, Inc.                                               | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      8599 | NS      | $1665626.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                   | Horace Mann Educators Corp.                                           | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     13650 | NS      | $580534.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co.                                   | Tennant Co.                                                           | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      6704 | NS      | $553348.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.       | Skyward Specialty Insurance Group, Inc.                               | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     10785 | NS      | $545505.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands, Inc.                           | Newell Brands, Inc.                                                   | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    134745 | NS      | $755919.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance, Inc.                     | Goosehead Insurance, Inc., Class A                                    | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      8607 | NS      | $782462.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp, Inc.                             | NBT Bancorp, Inc.                                                     | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15942 | NS      | $659679.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                     | VSE Corp.                                                             | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      6546 | NS      | $1024710.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash, Inc.                         | Mister Car Wash, Inc.                                                 | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37467 | NS      | $216371.93    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp, Inc.                 | Berkshire Hills Bancorp, Inc.                                         | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     16461 | NS      | $405599.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd.                          | Burford Capital Ltd.                                                  | CUSIP: N/A<br>LEI: 549300FUKUWFYJMT2277       | Long             | EC               | CORP              | GG        |     67465 | NS      | $866925.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp.                  | National Bank Holdings Corp., Class A                                 | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12030 | NS      | $445831.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx, Inc.                                  | CareDx, Inc.                                                          | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     19328 | NS      | $237444.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog, Inc.                                    | Moog, Inc., Class A                                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     10054 | NS      | $1946253.32   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovix Corp.                                  | Enovix Corp.                                                          | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Long             | EC               | CORP              | US        |     52193 | NS      | $699386.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker, Inc.                            | Warby Parker, Inc., Class A                                           | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31531 | NS      | $755167.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust, Inc.               | Franklin BSP Realty Trust, Inc.                                       | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |     29247 | NS      | $295394.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals, Inc.                   | Mirum Pharmaceuticals, Inc.                                           | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     13844 | NS      | $715457.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts, Inc.                  | United Parks & Resorts, Inc.                                          | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |      8607 | NS      | $407369.31    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Chimera Investment Corp.                      | Chimera Investment Corp.                                              | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |     28175 | NS      | $376699.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System, Inc.              | Community Financial System, Inc.                                      | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     18166 | NS      | $957348.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                           | Westamerica BanCorp                                                   | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |      8499 | NS      | $407102.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                            | Under Armour, Inc., Class A                                           | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     64112 | NS      | $425703.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp.            | First Commonwealth Financial Corp.                                    | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     33872 | NS      | $559226.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp.                                | UniFirst Corp.                                                        | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      5121 | NS      | $875844.63    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health, Inc.                             | OPKO Health, Inc.                                                     | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |    129126 | NS      | $165281.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                      | Laureate Education, Inc., Class A                                     | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     43941 | NS      | $993066.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                          | Axos Financial, Inc.                                                  | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     17598 | NS      | $1519587.30   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank                                    | Towne Bank                                                            | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     23666 | NS      | $829019.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics, Inc.                              | Photronics, Inc.                                                      | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     21947 | NS      | $446840.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group, Inc.                             | Uniti Group, Inc.                                                     | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |     81425 | NS      | $433181.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education, Inc.                | Adtalem Global Education, Inc.                                        | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     13146 | NS      | $1502193.42   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                          | LXP Industrial Trust                                                  | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    105178 | NS      | $816181.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                  | Xenia Hotels & Resorts, Inc.                                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     33569 | NS      | $426661.99    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co.       | Apartment Investment and Management Co., Class A                      | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |     47398 | NS      | $398617.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida             | Seacoast Banking Corp. of Florida                                     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     28245 | NS      | $796226.55    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare, Inc.                    | Alignment Healthcare, Inc.                                            | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38916 | NS      | $536262.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings, Inc.                 | Atlanta Braves Holdings, Inc., Class C                                | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16588 | NS      | $739161.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Business Travel Group I                | Global Business Travel Group I                                        | CUSIP: 37890B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35896 | NS      | $230811.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater, Inc.                               | Tidewater, Inc.                                                       | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     16562 | NS      | $828265.62    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL, Inc.                                    | XPEL, Inc.                                                            | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |      7677 | NS      | $250961.13    | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| InvenTrust Properties Corp.                   | InvenTrust Properties Corp.                                           | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     26330 | NS      | $725918.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises, Inc.                      | Apogee Enterprises, Inc.                                              | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      6984 | NS      | $293258.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride, Inc.                                  | Stride, Inc.                                                          | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     14350 | NS      | $1840100.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global, Inc.                              | NV5 Global, Inc.                                                      | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18872 | NS      | $423676.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions, Inc.                  | Atlas Energy Solutions, Inc.                                          | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26389 | NS      | $343057.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Levi Strauss & Co.                            | Levi Strauss & Co., Class A                                           | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     31111 | NS      | $612575.59    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient plc                                    | Adient plc                                                            | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | IE        |     29910 | NS      | $641270.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce, Inc.                 | Fresh Del Monte Produce, Inc.                                         | CUSIP: N/A<br>LEI: 529900I72V9F0FEZR228       | Long             | EC               | CORP              | KY        |     12855 | NS      | $483219.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity, Inc.                               | Insperity, Inc.                                                       | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     12318 | NS      | $733906.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd.                                 | Seadrill Ltd.                                                         | CUSIP: N/A<br>LEI: 213800EQ6L456U2JCO89       | Long             | EC               | CORP              | BM        |     20845 | NS      | $607840.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings, Inc.                | National Vision Holdings, Inc.                                        | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     26508 | NS      | $643084.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust, Inc.                           | Redwood Trust, Inc.                                                   | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     42569 | NS      | $232426.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                    | F&G Annuities & Life, Inc.                                            | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7391 | NS      | $235846.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies, Inc.                        | UFP Technologies, Inc.                                                | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      2715 | NS      | $614648.85    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's, Inc.                             | Alexander's, Inc.                                                     | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |       760 | NS      | $190904.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor, Inc.                                  | Xencor, Inc.                                                          | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     21061 | NS      | $175227.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust            | PennyMac Mortgage Investment Trust                                    | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     30873 | NS      | $363992.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings, Inc.           | Clearwater Analytics Holdings, Inc., Class A                          | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90184 | NS      | $1827127.84   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp.                                | Teradata Corp.                                                        | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     30803 | NS      | $644706.79    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics, Inc.                 | Arcutis Biotherapeutics, Inc.                                         | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38551 | NS      | $562073.58    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                     | CNO Financial Group, Inc.                                             | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     35170 | NS      | $1295662.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo, Inc.                                    | Oklo, Inc.                                                            | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32065 | NS      | $2455858.35   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems, Inc.              | Telephone and Data Systems, Inc.                                      | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32522 | NS      | $1269658.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp.                       | American Woodmark Corp.                                               | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      5179 | NS      | $272467.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CG oncology, Inc.                             | CG oncology, Inc.                                                     | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19461 | NS      | $519414.09    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                          | Peabody Energy Corp.                                                  | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     39199 | NS      | $633063.85    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management, Inc.                | Acadian Asset Management, Inc.                                        | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      9820 | NS      | $410377.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics, Inc.                 | Iovance Biotherapeutics, Inc.                                         | CUSIP: 462260100<br>LEI: 2549002L8WT2ACU5Q878 | Long             | EC               | CORP              | US        |     92294 | NS      | $237195.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Kestra Medical Technologies Ltd.              | Kestra Medical Technologies Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8344 | NS      | $137676.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| FB Financial Corp.                            | FB Financial Corp.                                                    | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     12109 | NS      | $590434.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                              | Concentrix Corp.                                                      | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     14462 | NS      | $751590.14    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| DoubleVerify Holdings, Inc.                   | DoubleVerify Holdings, Inc.                                           | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48332 | NS      | $740446.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp.                                  | Neogen Corp.                                                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     69517 | NS      | $323254.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                     | AAR Corp.                                                             | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     11952 | NS      | $892933.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova plc                                  | LivaNova plc                                                          | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | GB        |     19238 | NS      | $811651.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Syndax Pharmaceuticals, Inc.                  | Syndax Pharmaceuticals, Inc.                                          | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |     28295 | NS      | $280686.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360, Inc.                                 | Life360, Inc.                                                         | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     26227 | NS      | $2008725.93   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Hawaiian Electric Industries, Inc.            | Hawaiian Electric Industries, Inc.                                    | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     61524 | NS      | $659537.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp.                         | Associated Banc-Corp.                                                 | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     58535 | NS      | $1448155.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.                  | Grocery Outlet Holding Corp.                                          | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31951 | NS      | $420794.67    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.             | Four Corners Property Trust, Inc.                                     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     35664 | NS      | $900159.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo, Inc.                                    | Gogo, Inc.                                                            | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     22981 | NS      | $364478.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group, Inc.               | Janus International Group, Inc.                                       | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38583 | NS      | $330656.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive, Inc.                     | Peloton Interactive, Inc., Class A                                    | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |    130577 | NS      | $932319.78    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining, Inc.                            | Coeur Mining, Inc.                                                    | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    224244 | NS      | $1948680.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd.                          | Signet Jewelers Ltd.                                                  | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | BM        |     13251 | NS      | $1048154.10   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure, Inc.                            | Clear Secure, Inc., Class A                                           | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29656 | NS      | $872182.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp.            | Marriott Vacations Worldwide Corp.                                    | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     10440 | NS      | $777466.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties, Inc.          | Easterly Government Properties, Inc.                                  | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     14962 | NS      | $329164.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest, Inc.                                 | SkyWest, Inc.                                                         | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     13873 | NS      | $1608713.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp.                         | First Merchants Corp.                                                 | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     19115 | NS      | $728663.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                                 | First Bancorp                                                         | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13822 | NS      | $692343.98    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp.                          | Ladder Capital Corp.                                                  | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     40785 | NS      | $445372.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                | Sunstone Hotel Investors, Inc.                                        | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     65813 | NS      | $575863.75    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Beam Therapeutics, Inc.                       | Beam Therapeutics, Inc.                                               | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32567 | NS      | $641895.57    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Agios Pharmaceuticals, Inc.                   | Agios Pharmaceuticals, Inc.                                           | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     20464 | NS      | $761670.08    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp.                         | Kaiser Aluminum Corp.                                                 | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5371 | NS      | $415232.01    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands, Inc.                             | Hanesbrands, Inc.                                                     | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    117121 | NS      | $479024.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                             | Knife River Corp.                                                     | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18153 | NS      | $1497259.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |  30178434 | NS      | $30178433.95  | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings, Inc.                            | IES Holdings, Inc.                                                    | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      2993 | NS      | $1056738.51   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                        | Extreme Networks, Inc.                                                | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     47361 | NS      | $836395.26    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardelyx, Inc.                                 | Ardelyx, Inc.                                                         | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |     79156 | NS      | $335621.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, Inc.                                     | RPC, Inc.                                                             | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31267 | NS      | $145391.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                     | WD-40 Co.                                                             | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      4810 | NS      | $1031264.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp.                           | Park National Corp.                                                   | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |      5219 | NS      | $844799.53    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings, Inc.                        | Palomar Holdings, Inc.                                                | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      9299 | NS      | $1232024.51   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics, Inc.                          | ADMA Biologics, Inc.                                                  | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83219 | NS      | $1556195.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways, Inc.                   | International Seaways, Inc.                                           | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | MH        |     13381 | NS      | $533901.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp.                 | Topgolf Callaway Brands Corp.                                         | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     44804 | NS      | $414437.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp.                                  | Enovis Corp.                                                          | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     19579 | NS      | $524717.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                       | Pebblebrook Hotel Trust                                               | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     42087 | NS      | $422132.61    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix, Inc.                                   | Calix, Inc.                                                           | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     20903 | NS      | $1184991.07   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals, Inc.                  | Amneal Pharmaceuticals, Inc.                                          | CUSIP: 03168L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43980 | NS      | $343923.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power, Inc.                              | Plug Power, Inc.                                                      | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    304682 | NS      | $457023.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Utz Brands, Inc.                              | Utz Brands, Inc.                                                      | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25847 | NS      | $336786.41    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings, Inc.                        | Veritex Holdings, Inc.                                                | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     16778 | NS      | $532198.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                        | Cavco Industries, Inc.                                                | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2606 | NS      | $1051964.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                         | Urban Edge Properties                                                 | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44546 | NS      | $878447.12    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                                  | Azenta, Inc.                                                          | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     14223 | NS      | $465092.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Lease Finance Corp.                    | Willis Lease Finance Corp.                                            | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               | CORP              | US        |      1136 | NS      | $160834.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals, Inc.               | Crinetics Pharmaceuticals, Inc.                                       | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     32864 | NS      | $939581.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana, Inc.                                    | Dana, Inc.                                                            | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     46385 | NS      | $738449.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                     | Alexander & Baldwin, Inc.                                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25878 | NS      | $465286.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Surgery Partners, Inc.                        | Surgery Partners, Inc.                                                | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |     25680 | NS      | $563676.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp                                 | First BanCorp                                                         | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     52127 | NS      | $1085805.41   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp.                         | GeneDx Holdings Corp.                                                 | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7104 | NS      | $724252.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp.            | Stewart Information Services Corp.                                    | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |      9343 | NS      | $606640.99    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Celldex Therapeutics, Inc.                    | Celldex Therapeutics, Inc.                                            | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |     18643 | NS      | $409773.14    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)              | Goodyear Tire & Rubber Co. (The)                                      | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     91837 | NS      | $944084.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp.                                  | Rogers Corp.                                                          | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      5916 | NS      | $387971.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp.                                | Materion Corp.                                                        | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      6981 | NS      | $735099.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings, Inc.                           | YETI Holdings, Inc.                                                   | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     28440 | NS      | $1044885.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Calumet, Inc.                                 | Calumet, Inc.                                                         | CUSIP: 131428104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23465 | NS      | $374032.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| IMAX Corp.                                    | IMAX Corp.                                                            | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     15623 | NS      | $402917.17    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International, Inc.               | CSG Systems International, Inc.                                       | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      9185 | NS      | $573695.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group, Inc.                           | Newmark Group, Inc., Class A                                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51382 | NS      | $779464.94    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences, Inc.                       | Arcus Biosciences, Inc.                                               | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24377 | NS      | $222562.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                     | Century Communities, Inc.                                             | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      8945 | NS      | $503514.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises, Inc.                 | Worthington Enterprises, Inc.                                         | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     10726 | NS      | $664690.22    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                        | Global Net Lease, Inc.                                                | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |     70900 | NS      | $495591.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                  | ServisFirst Bancshares, Inc.                                          | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19285 | NS      | $1516765.25   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials, Inc.                         | CSW Industrials, Inc.                                                 | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      5874 | NS      | $1524185.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media, Inc.                          | Outfront Media, Inc.                                                  | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     50412 | NS      | $883722.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp.                           | CNX Resources Corp.                                                   | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     50438 | NS      | $1528775.78   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group, Inc.                         | StepStone Group, Inc., Class A                                        | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22616 | NS      | $1342485.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase, Inc.                               | Steelcase, Inc., Class A                                              | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |     33255 | NS      | $343524.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Geron Corp.                                   | Geron Corp.                                                           | CUSIP: 374163103<br>LEI: 549300T282D7Z2YESL90 | Long             | EC               | CORP              | US        |    191499 | NS      | $220223.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals, Inc.                | Catalyst Pharmaceuticals, Inc.                                        | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     40722 | NS      | $868600.26    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                           | Acadia Realty Trust                                                   | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     46387 | NS      | $868364.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp.                        | Fulton Financial Corp.                                                | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |     64756 | NS      | $1162370.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp.                                 | Flywire Corp.                                                         | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |     37755 | NS      | $411151.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals, Inc.                  | ACADIA Pharmaceuticals, Inc.                                          | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     44016 | NS      | $1048901.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant, Inc.                                  | Kadant, Inc.                                                          | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      4014 | NS      | $1335738.78   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp.                              | 1st Source Corp.                                                      | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6621 | NS      | $396068.22    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara, Inc.                                 | Certara, Inc.                                                         | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42730 | NS      | $420463.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr, Inc.                                | Sprinklr, Inc., Class A                                               | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |     40233 | NS      | $362499.33    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings, Inc.                   | Hertz Global Holdings, Inc.                                           | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |     39022 | NS      | $250131.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy, Inc.                              | MGE Energy, Inc.                                                      | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13023 | NS      | $1106173.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares, Inc.                      | Nicolet Bankshares, Inc.                                              | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4878 | NS      | $629262.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group, Inc.                               | Hub Group, Inc., Class A                                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20023 | NS      | $701205.46    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera, Inc.                                | Coursera, Inc.                                                        | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |     40804 | NS      | $515762.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp.                      | Enerpac Tool Group Corp.                                              | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     19365 | NS      | $745746.15    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National, Inc.                      | Schneider National, Inc., Class B                                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     16144 | NS      | $394720.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9, Inc.                                   | Five9, Inc.                                                           | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     24587 | NS      | $635082.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                      | Flagstar Financial, Inc.                                              | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    106467 | NS      | $1202012.43   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                            | Chemours Co. (The)                                                    | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     52955 | NS      | $634400.90    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals, Inc.                | BioCryst Pharmaceuticals, Inc.                                        | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     68655 | NS      | $558851.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                | Ameris Bancorp                                                        | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     22243 | NS      | $1520309.05   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings, Inc.                        | Kinetik Holdings, Inc.                                                | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8135 | NS      | $352896.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings, Inc.                          | Cadre Holdings, Inc.                                                  | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |      8717 | NS      | $288271.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.        | Innovative Industrial Properties, Inc.                                | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      9965 | NS      | $515190.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp, Inc.                 | Pacific Premier Bancorp, Inc.                                         | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     32613 | NS      | $706723.71    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corp.                  | United States Cellular Corp.                                          | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |      4272 | NS      | $311556.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                  | Sabra Health Care REIT, Inc.                                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     77233 | NS      | $1392510.99   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings, Inc.                         | Cannae Holdings, Inc.                                                 | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |     20174 | NS      | $431320.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy, Inc.                     | US Physical Therapy, Inc.                                             | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      5229 | NS      | $382501.35    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy, Inc.                              | CVR Energy, Inc.                                                      | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     10841 | NS      | $290321.98    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics, Inc.                               | Synaptics, Inc.                                                       | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     13943 | NS      | $874226.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp.                          | WSFS Financial Corp.                                                  | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     19181 | NS      | $1051886.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp.                | International Bancshares Corp.                                        | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     19057 | NS      | $1299306.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings, Inc.                   | Sally Beauty Holdings, Inc.                                           | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |     33312 | NS      | $324458.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.                    | Encore Capital Group, Inc.                                            | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |      7519 | NS      | $277300.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio, Inc.                                | Appfolio, Inc., Class A                                               | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      8188 | NS      | $2189307.44   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp.                            | World Kinect Corp.                                                    | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     19534 | NS      | $532692.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp.                         | Sitio Royalties Corp.                                                 | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26759 | NS      | $486211.03    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks, Inc.                            | A10 Networks, Inc.                                                    | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     25576 | NS      | $471109.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries, Inc.                      | Patrick Industries, Inc.                                              | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     11508 | NS      | $1119037.92   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals, Inc.               | Arrowhead Pharmaceuticals, Inc.                                       | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     42739 | NS      | $675276.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp.                                  | Banner Corp.                                                          | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11210 | NS      | $695860.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons, Inc.                       | John Wiley & Sons, Inc., Class A                                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     15502 | NS      | $598377.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp, Inc.                          | Origin Bancorp, Inc.                                                  | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     10509 | NS      | $384103.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                            | NMI Holdings, Inc., Class A                                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     26010 | NS      | $970693.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences, Inc.                     | Avidity Biosciences, Inc.                                             | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33311 | NS      | $1222846.81   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos., Inc. (The)                   | Greenbrier Cos., Inc. (The)                                           | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |      9873 | NS      | $449221.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                   | Itron, Inc.                                                           | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     16230 | NS      | $2021284.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis, Inc.                              | Ziff Davis, Inc.                                                      | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     13588 | NS      | $422858.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp.                                  | CONMED Corp.                                                          | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     10983 | NS      | $561780.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     25359 | NS      | $1451802.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group, Inc.                     | DigitalBridge Group, Inc.                                             | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |     54021 | NS      | $580185.54    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp, Inc.                 | Community Trust Bancorp, Inc.                                         | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5650 | NS      | $304987.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor, Inc.                               | Frontdoor, Inc.                                                       | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     25610 | NS      | $1498185.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                               | M/I Homes, Inc.                                                       | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      8856 | NS      | $1064402.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant, Inc.                              | Immunovant, Inc.                                                      | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24568 | NS      | $395053.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group, Inc.                               | MYR Group, Inc.                                                       | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      5326 | NS      | $1030581.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals, Inc.               | Amphastar Pharmaceuticals, Inc.                                       | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     11968 | NS      | $250729.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.                   | Park Hotels & Resorts, Inc.                                           | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     71866 | NS      | $766091.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings                  | Compass Diversified Holdings                                          | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     22210 | NS      | $141921.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL, Inc.                                   | GRAIL, Inc.                                                           | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |      8924 | NS      | $305290.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Fox Factory Holding Corp.                     | Fox Factory Holding Corp.                                             | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     14343 | NS      | $435596.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen, Inc.                              | Sweetgreen, Inc., Class A                                             | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35011 | NS      | $450941.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp.           | Integra LifeSciences Holdings Corp.                                   | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     23905 | NS      | $314111.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust, Inc.              | NexPoint Residential Trust, Inc.                                      | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |      7373 | NS      | $229890.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings, Inc.                        | Hayward Holdings, Inc.                                                | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71872 | NS      | $1105391.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                                  | Tanger, Inc.                                                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     39855 | NS      | $1196447.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp.                                  | Appian Corp., Class A                                                 | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |     10967 | NS      | $302798.87    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                          | LTC Properties, Inc.                                                  | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     16057 | NS      | $546580.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                       | Primoris Services Corp.                                               | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     19020 | NS      | $1791113.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion, Inc.                               | Trupanion, Inc.                                                       | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     12307 | NS      | $583474.87    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger, Inc.                             | Schrodinger, Inc.                                                     | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |     19801 | NS      | $402554.33    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners, Inc.                   | Construction Partners, Inc., Class A                                  | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     16683 | NS      | $1682480.55   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies, Inc.                     | Helios Technologies, Inc.                                             | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     11201 | NS      | $410964.69    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial, Inc.                       | Triumph Financial, Inc.                                               | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |      7687 | NS      | $436006.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology, Inc.                       | Vir Biotechnology, Inc.                                               | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32292 | NS      | $163720.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services, Inc.            | BrightSpring Health Services, Inc.                                    | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24259 | NS      | $500948.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Akero Therapeutics, Inc.                      | Akero Therapeutics, Inc.                                              | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |     22623 | NS      | $1105133.55   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics, Inc.                   | Intellia Therapeutics, Inc.                                           | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |     34894 | NS      | $406166.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| AdaptHealth Corp.                             | AdaptHealth Corp.                                                     | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32568 | NS      | $292134.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co.                            | STAAR Surgical Co.                                                    | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     11831 | NS      | $211952.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc.                | Supernus Pharmaceuticals, Inc.                                        | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     17600 | NS      | $617760.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                      | Arbor Realty Trust, Inc.                                              | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |     67798 | NS      | $756625.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Cushman & Wakefield plc                       | Cushman & Wakefield plc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     77965 | NS      | $950393.35    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp, Inc.                 | German American Bancorp, Inc.                                         | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |     13053 | NS      | $501496.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                           | AeroVironment, Inc.                                                   | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     11365 | NS      | $3041728.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust, Inc.                       | Sila Realty Trust, Inc.                                               | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |     19470 | NS      | $475846.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newsmax, Inc.                                 | Newsmax, Inc.                                                         | CUSIP: 65250K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14931 | NS      | $198432.99    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp.                                    | Olin Corp.                                                            | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     39658 | NS      | $751122.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products, Inc.                         | Dorman Products, Inc.                                                 | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |      9320 | NS      | $1124178.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj, Inc.                                  | Impinj, Inc.                                                          | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      9489 | NS      | $1466809.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd.                         | Marten Transport Ltd.                                                 | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18726 | NS      | $227708.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| C3.ai, Inc.                                   | C3.ai, Inc., Class A                                                  | CUSIP: 12468P104<br>LEI: 549300YDLK0YQO5B1V80 | Long             | EC               | CORP              | US        |     42414 | NS      | $999273.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Boot Barn Holdings, Inc.                      | Boot Barn Holdings, Inc.                                              | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     10203 | NS      | $1753895.70   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes, Inc.                                  | Diodes, Inc.                                                          | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     15726 | NS      | $776392.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardent Health, Inc.                           | Ardent Health, Inc.                                                   | CUSIP: 03980N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8309 | NS      | $88075.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                        | Sonic Automotive, Inc., Class A                                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |      4964 | NS      | $359145.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals, Inc.                 | Aurinia Pharmaceuticals, Inc.                                         | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | CA        |     42405 | NS      | $392034.23    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                     | Millrose Properties, Inc., Class A                                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43107 | NS      | $1292778.93   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International, Inc.                      | Digi International, Inc.                                              | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     12335 | NS      | $402244.35    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold, Inc.                                | Safehold, Inc.                                                        | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     16175 | NS      | $226288.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International, Inc.               | Papa John's International, Inc.                                       | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     11075 | NS      | $469690.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort, Inc.                 | Monarch Casino & Resort, Inc.                                         | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      4721 | NS      | $486074.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp.                    | Scholar Rock Holding Corp.                                            | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |     24997 | NS      | $926138.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals, Inc.                     | ANI Pharmaceuticals, Inc.                                             | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      6428 | NS      | $407213.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp, Inc.                                  | Intapp, Inc.                                                          | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19536 | NS      | $782416.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Harrow, Inc.                                  | Harrow, Inc.                                                          | CUSIP: 415858109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9549 | NS      | $303276.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                                | EchoStar Corp., Class A                                               | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     47714 | NS      | $1554999.26   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics, Inc.                | Protagonist Therapeutics, Inc.                                        | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18679 | NS      | $1006050.94   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                           | ACI Worldwide, Inc.                                                   | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     37576 | NS      | $1599234.56   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group, Inc.                  | Huron Consulting Group, Inc.                                          | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      6072 | NS      | $801989.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmunityBio, Inc.                             | ImmunityBio, Inc.                                                     | CUSIP: 45256X103<br>LEI: 529900J9XLBR4HFL4B83 | Long             | EC               | CORP              | US        |     80049 | NS      | $196920.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Penn Entertainment, Inc.                      | Penn Entertainment, Inc.                                              | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50696 | NS      | $915569.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy, Inc.                              | PBF Energy, Inc., Class A                                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     29776 | NS      | $672937.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics, Inc.                    | Travere Therapeutics, Inc.                                            | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29794 | NS      | $460317.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries, Inc.                          | ABM Industries, Inc.                                                  | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     20579 | NS      | $949309.27    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings, Inc.                       | Delek US Holdings, Inc.                                               | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     21855 | NS      | $488896.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic, Inc.                                | Symbotic, Inc.                                                        | CUSIP: 87151X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15159 | NS      | $817828.05    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Legalzoom.com, Inc.                           | Legalzoom.com, Inc.                                                   | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     40632 | NS      | $365281.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co., Inc. (The)                   | Boston Beer Co., Inc. (The), Class A                                  | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      2986 | NS      | $618340.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems, Inc.                          | Verint Systems, Inc.                                                  | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     21159 | NS      | $450263.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp.                     | Starz Entertainment Corp.                                             | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |      4307 | NS      | $62666.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella, Inc.                               | Ambarella, Inc.                                                       | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | KY        |     14471 | NS      | $956388.39    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf, Inc.                                | Terawulf, Inc.                                                        | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    103288 | NS      | $532966.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| PROG Holdings, Inc.                           | PROG Holdings, Inc.                                                   | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     14135 | NS      | $450058.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings, Inc.                 | Kennedy-Wilson Holdings, Inc.                                         | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     36836 | NS      | $269639.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS Group, Inc.                              | PACS Group, Inc.                                                      | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15684 | NS      | $173465.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia, Inc.                                   | Adeia, Inc.                                                           | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38439 | NS      | $497785.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp.                           | NuScale Power Corp.                                                   | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46216 | NS      | $2320505.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Metsera, Inc.                                 | Metsera, Inc.                                                         | CUSIP: 59267L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5366 | NS      | $177024.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Rocket Cos., Inc.                             | Rocket Cos., Inc., Class A                                            | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87286 | NS      | $1289214.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Payoneer Global, Inc.                         | Payoneer Global, Inc.                                                 | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |     73154 | NS      | $480621.78    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                                | Preferred Bank                                                        | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      4222 | NS      | $383442.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                       | Progress Software Corp.                                               | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     14675 | NS      | $705574.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp                                                           | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     14904 | NS      | $635208.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social, Inc.                           | Sprout Social, Inc., Class A                                          | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Long             | EC               | CORP              | US        |     16773 | NS      | $287656.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Pharmaceuticals, Inc.                  | Rocket Pharmaceuticals, Inc.                                          | CUSIP: 77313F106<br>LEI: 549300R7VV82YUIN4Y93 | Long             | EC               | CORP              | US        |     30679 | NS      | $93570.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                            | Macerich Co. (The)                                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     90129 | NS      | $1506055.59   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcellx, Inc.                                 | Arcellx, Inc.                                                         | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13570 | NS      | $968762.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co.                              | City Holding Co.                                                      | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5044 | NS      | $615872.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co.                    | Edgewell Personal Care Co.                                            | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     15792 | NS      | $398432.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group, Inc.                         | Paramount Group, Inc.                                                 | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |     65583 | NS      | $401367.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection, Inc.                           | PC Connection, Inc.                                                   | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      3763 | NS      | $231763.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group, Inc.                          | Forestar Group, Inc.                                                  | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |      5872 | NS      | $145625.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                               | O-I Glass, Inc.                                                       | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52321 | NS      | $680696.21    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                  | Matson, Inc.                                                          | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     10575 | NS      | $1129198.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co.                            | DXC Technology Co.                                                    | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     58187 | NS      | $791925.07    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                      | Modine Manufacturing Co.                                              | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     17650 | NS      | $2374984.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular, Inc.                       | LeMaitre Vascular, Inc.                                               | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      7374 | NS      | $599063.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                   | Benchmark Electronics, Inc.                                           | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     11393 | NS      | $438630.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry, Inc.                                 | Xometry, Inc., Class A                                                | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |     14178 | NS      | $458516.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group, Inc.                           | Upbound Group, Inc.                                                   | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     18607 | NS      | $383955.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                          | Bank of Hawaii Corp.                                                  | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     13955 | NS      | $863535.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                              | NCR Atleos Corp.                                                      | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     26103 | NS      | $798751.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic, Inc.                               | CoreCivic, Inc.                                                       | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     38647 | NS      | $774485.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings, Inc.              | AMC Entertainment Holdings, Inc., Class A                             | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |    153939 | NS      | $446423.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Zeta Global Holdings Corp.                    | Zeta Global Holdings Corp., Class A                                   | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     67143 | NS      | $1050787.95   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems, Inc.                         | Varonis Systems, Inc.                                                 | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     39452 | NS      | $2202605.16   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics, Inc.                             | NeoGenomics, Inc.                                                     | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45383 | NS      | $219653.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo, Inc.                                 | Klaviyo, Inc., Class A                                                | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35845 | NS      | $1114779.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress plc                                  | Cimpress plc                                                          | CUSIP: N/A<br>LEI: 549300X1IFD75XISOR81       | Long             | EC               | CORP              | IE        |      5400 | NS      | $298674.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust, Inc.               | Empire State Realty Trust, Inc., Class A                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     48292 | NS      | $349634.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings, Inc.                           | PROS Holdings, Inc.                                                   | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |     15874 | NS      | $249063.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup, Inc.                           | ManpowerGroup, Inc.                                                   | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     15805 | NS      | $651956.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies, Inc.                   | Minerals Technologies, Inc.                                           | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     10370 | NS      | $603015.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                   | DigitalOcean Holdings, Inc.                                           | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     22177 | NS      | $617851.22    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Financial, Inc.                      | Columbia Financial, Inc.                                              | CUSIP: 197641103<br>LEI: 254900B9UDXFOJAZKN61 | Long             | EC               | CORP              | US        |      9705 | NS      | $139654.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor, Inc.                              | FormFactor, Inc.                                                      | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     27741 | NS      | $788121.81    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp.                 | Select Medical Holdings Corp.                                         | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38166 | NS      | $564475.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                 | Knowles Corp.                                                         | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     28837 | NS      | $585679.47    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.           | Federal Agricultural Mortgage Corp., Class C                          | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |      3053 | NS      | $525940.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group, Inc.                     | Privia Health Group, Inc.                                             | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39247 | NS      | $766101.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.           | Enterprise Financial Services Corp.                                   | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     12937 | NS      | $713993.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                | Texas Capital Bancshares, Inc.                                        | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     15295 | NS      | $1284321.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | STIV             | RF                | US        |   4683845 | NS      | $4683844.58   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies, Inc.                    | iRhythm Technologies, Inc.                                            | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     11193 | NS      | $1569034.74   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                    | Albany International Corp., Class A                                   | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     10720 | NS      | $580916.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors, Inc.               | Academy Sports & Outdoors, Inc.                                       | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23399 | NS      | $1188435.21   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group, Inc.            | First Watch Restaurant Group, Inc.                                    | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14062 | NS      | $243131.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp.                                  | TriMas Corp.                                                          | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     11736 | NS      | $419327.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp.     | Madison Square Garden Entertainment Corp.                             | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14162 | NS      | $535181.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining, Inc.                           | Cipher Mining, Inc.                                                   | CUSIP: 17253J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93835 | NS      | $512339.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries, Inc.                       | Powell Industries, Inc.                                               | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      3301 | NS      | $782667.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| NetScout Systems, Inc.                        | NetScout Systems, Inc.                                                | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     23908 | NS      | $512109.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                   | American Assets Trust, Inc.                                           | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16981 | NS      | $323148.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                          | Evolent Health, Inc., Class A                                         | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     37982 | NS      | $381719.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp, Inc.                         | Stellar Bancorp, Inc.                                                 | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     17521 | NS      | $517395.13    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp.                      | Lakeland Financial Corp.                                              | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8946 | NS      | $566908.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings, Inc.          | Cogent Communications Holdings, Inc.                                  | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15852 | NS      | $722692.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Spyre Therapeutics, Inc.                      | Spyre Therapeutics, Inc.                                              | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |     13857 | NS      | $235153.29    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial, Inc.                      | Genworth Financial, Inc., Class A                                     | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    145833 | NS      | $1146247.38   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas, Inc.                      | Northern Oil & Gas, Inc.                                              | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     29297 | NS      | $825003.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries, Inc.              | Kulicke & Soffa Industries, Inc.                                      | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     16929 | NS      | $554594.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings, Inc.                      | Alarm.com Holdings, Inc.                                              | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     17638 | NS      | $963563.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech, Inc.                         | Krystal Biotech, Inc.                                                 | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      9225 | NS      | $1419450.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co.                                    | Stepan Co.                                                            | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      7309 | NS      | $371077.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co. (The)                             | Wendy's Co. (The)                                                     | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     55570 | NS      | $547364.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Harmonic, Inc.                                | Harmonic, Inc.                                                        | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     40052 | NS      | $340842.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sezzle, Inc.                                  | Sezzle, Inc.                                                          | CUSIP: 78435P105<br>LEI: 9845000CA64541AE3I35 | Long             | EC               | CORP              | US        |      6721 | NS      | $1040679.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.               | Oceaneering International, Inc.                                       | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     35681 | NS      | $774277.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp, Inc.                                    | Yelp, Inc.                                                            | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     22147 | NS      | $762521.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings, Inc.                       | LiveRamp Holdings, Inc.                                               | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     22315 | NS      | $732378.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan, Inc.                                   | Argan, Inc.                                                           | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      4625 | NS      | $1133032.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                            | Getty Realty Corp.                                                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     18652 | NS      | $518339.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals, Inc.           | United States Lime & Minerals, Inc.                                   | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |      3835 | NS      | $381889.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure, Inc.                 | Sterling Infrastructure, Inc.                                         | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     10861 | NS      | $2906294.99   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett, Inc.                          | Douglas Emmett, Inc.                                                  | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54717 | NS      | $829509.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                          | JBG SMITH Properties                                                  | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25880 | NS      | $548138.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Granite Construction, Inc.                    | Granite Construction, Inc.                                            | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     14718 | NS      | $1390409.46   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva, Inc.                                | Innoviva, Inc.                                                        | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     19625 | NS      | $356586.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares, Inc.               | Dime Community Bancshares, Inc.                                       | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14482 | NS      | $401296.22    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp, Inc.                             | S&T Bancorp, Inc.                                                     | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12331 | NS      | $451807.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings, Inc.                       | Alphatec Holdings, Inc.                                               | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     38505 | NS      | $407382.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp.                                | Ingevity Corp.                                                        | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     11685 | NS      | $488316.15    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                              | WisdomTree, Inc.                                                      | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     42377 | NS      | $562342.79    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack, Inc.                             | Shake Shack, Inc., Class A                                            | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     13676 | NS      | $1645769.84   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                    | Broadstone Net Lease, Inc.                                            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     61583 | NS      | $1000107.92   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze, Inc.                                   | Braze, Inc., Class A                                                  | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |     24965 | NS      | $695774.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential, Inc.                       | Veris Residential, Inc.                                               | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     28893 | NS      | $406813.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                                 | Sylvamo Corp.                                                         | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     12081 | NS      | $556571.67    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings, Inc.                           | MARA Holdings, Inc.                                                   | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    121267 | NS      | $1949973.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Everus Construction Group, Inc.               | Everus Construction Group, Inc.                                       | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     18106 | NS      | $1344551.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co.                          | Century Aluminum Co.                                                  | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     17589 | NS      | $372535.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne, Inc.                       | Helmerich & Payne, Inc.                                               | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     33483 | NS      | $542759.43    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp.                                     | CTS Corp.                                                             | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     10224 | NS      | $400678.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial, Inc.                      | Pathward Financial, Inc.                                              | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      8364 | NS      | $632527.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp.                                  | SiTime Corp.                                                          | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7614 | NS      | $1544499.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health, Inc.                         | Guardant Health, Inc.                                                 | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     41341 | NS      | $1694154.18   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.             | First Interstate BancSystem, Inc., Class A                            | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     31330 | NS      | $901990.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments, Inc.                       | Veeco Instruments, Inc.                                               | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     18806 | NS      | $390788.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                     | Enova International, Inc.                                             | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      8541 | NS      | $893046.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair, Inc.                                 | Wayfair, Inc., Class A                                                | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |     35359 | NS      | $2320964.76   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                      | Central Garden & Pet Co.                                              | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      3221 | NS      | $125683.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                       | First Financial Bancorp                                               | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     31150 | NS      | $755076.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems, Inc.                             | OSI Systems, Inc.                                                     | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      5627 | NS      | $1243623.27   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy, Inc.                     | New Fortress Energy, Inc.                                             | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |     50643 | NS      | $138002.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| CVB Financial Corp.                           | CVB Financial Corp.                                                   | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43435 | NS      | $811800.15    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals, Inc.                 | Apellis Pharmaceuticals, Inc.                                         | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |     28404 | NS      | $634545.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW, Inc.                                    | DNOW, Inc.                                                            | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     35131 | NS      | $546638.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp.                                   | Vicor Corp.                                                           | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |      8228 | NS      | $365652.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.                | Medical Properties Trust, Inc.                                        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    179373 | NS      | $739016.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Kennametal, Inc.                              | Kennametal, Inc.                                                      | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     27292 | NS      | $675749.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.                             | Q2 Holdings, Inc.                                                     | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     21425 | NS      | $1739710.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group, Inc.                             | Alamo Group, Inc.                                                     | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      3624 | NS      | $806629.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN, Inc.                                    | ASGN, Inc.                                                            | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     15085 | NS      | $756361.90    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                | Bread Financial Holdings, Inc.                                        | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     16257 | NS      | $996554.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources, Inc.           | Alpha Metallurgical Resources, Inc.                                   | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3910 | NS      | $461653.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                    | Highwoods Properties, Inc.                                            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     36646 | NS      | $1063100.46   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes, Inc.                            | Pitney Bowes, Inc.                                                    | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     60064 | NS      | $682327.04    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics, Inc.                     | Denali Therapeutics, Inc.                                             | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     47709 | NS      | $659815.47    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, Inc.                               | AMERISAFE, Inc.                                                       | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      6835 | NS      | $306071.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                          | Kontoor Brands, Inc.                                                  | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     19655 | NS      | $1093997.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                | American Healthcare REIT, Inc.                                        | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     53777 | NS      | $2077943.28   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp.                  | Simmons First National Corp., Class A                                 | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     48632 | NS      | $932275.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.                    | Patterson-UTI Energy, Inc.                                            | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    121977 | NS      | $720884.07    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd.                      | G-III Apparel Group Ltd.                                              | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     12382 | NS      | $292215.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)                  | Chefs' Warehouse, Inc. (The)                                          | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     13014 | NS      | $892239.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd.                                 | Biohaven Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     32217 | NS      | $486476.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp.                         | Quaker Chemical Corp.                                                 | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      4947 | NS      | $566035.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing, Inc.                       | Rigetti Computing, Inc.                                               | CUSIP: 76655K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97250 | NS      | $1410125.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| TTM Technologies, Inc.                        | TTM Technologies, Inc.                                                | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     33589 | NS      | $1587080.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.               | American Eagle Outfitters, Inc.                                       | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     56553 | NS      | $610772.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies, Inc.             | Napco Security Technologies, Inc.                                     | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     12351 | NS      | $377076.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                     | OneSpaWorld Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             | EC               | CORP              | BS        |     33186 | NS      | $734074.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock, Inc.                                | Archrock, Inc.                                                        | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     60919 | NS      | $1423067.84   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.               | Atlantic Union Bankshares Corp.                                       | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46894 | NS      | $1486539.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar, Inc.                              | Globalstar, Inc.                                                      | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     17585 | NS      | $413071.65    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings, Inc.                      | eXp World Holdings, Inc.                                              | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |     29438 | NS      | $317341.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| BancFirst Corp.                               | BancFirst Corp.                                                       | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      7373 | NS      | $918085.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory, Inc. (The)                | Cheesecake Factory, Inc. (The)                                        | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     16546 | NS      | $1057454.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Meridianlink, Inc.                            | Meridianlink, Inc.                                                    | CUSIP: 58985J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10570 | NS      | $168908.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt, Inc.                         | Leggett & Platt, Inc.                                                 | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     47706 | NS      | $455592.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ, Inc.                                     | AZZ, Inc.                                                             | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     10059 | NS      | $1101460.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| agilon health, Inc.                           | agilon health, Inc.                                                   | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109942 | NS      | $196796.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions, Inc.           | Donnelley Financial Solutions, Inc.                                   | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |      8945 | NS      | $473727.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel, Inc.                       | Worthington Steel, Inc.                                               | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     10885 | NS      | $332210.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp.                                 | Vericel Corp.                                                         | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     17886 | NS      | $624936.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources, Inc.                       | Civitas Resources, Inc.                                               | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     27998 | NS      | $850019.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                          | Liberty Energy, Inc.                                                  | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55691 | NS      | $687226.94    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp, Inc.                     | Stock Yards Bancorp, Inc.                                             | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |      9288 | NS      | $694370.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amedisys, Inc.                                | Amedisys, Inc.                                                        | CUSIP: 023436108<br>LEI: 5299001RBS9GK9STN379 | Long             | EC               | CORP              | US        |     11465 | NS      | $1130449.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation, Inc.                           | Joby Aviation, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    172013 | NS      | $2865736.58   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Harmony Biosciences Holdings, Inc.            | Harmony Biosciences Holdings, Inc.                                    | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15102 | NS      | $531288.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners, Inc.                    | Green Brick Partners, Inc.                                            | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     11046 | NS      | $684189.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies, Inc.           | Atmus Filtration Technologies, Inc.                                   | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5682 | NS      | $221086.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals plc                    | Avadel Pharmaceuticals plc                                            | CUSIP: N/A<br>LEI: 549300E27PTSG2RHC762       | Long             | EC               | CORP              | IE        |     31301 | NS      | $328973.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| First Hawaiian, Inc.                          | First Hawaiian, Inc.                                                  | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     42909 | NS      | $1040543.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny, Inc.                                 | Progyny, Inc.                                                         | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25513 | NS      | $599810.63    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services, Inc.            | Provident Financial Services, Inc.                                    | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     43008 | NS      | $783605.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia, Inc.                                | Phreesia, Inc.                                                        | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     19097 | NS      | $514855.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.                  | Core Natural Resources, Inc.                                          | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     18075 | NS      | $1334115.75   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro, Inc.                                   | Enpro, Inc.                                                           | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      7080 | NS      | $1503862.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi Aatd, Inc.                             | Sanofi Aatd, Inc., CVR                                                | CUSIP: 457CVR017<br>LEI: 549300VBKG2LTV1TLY22 | Long             |  | CORP              | US        |     10020 | NS      | $1452.90      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| UL Solutions, Inc.                            | UL Solutions, Inc., Class A                                           | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     21359 | NS      | $1561770.08   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics                   | MoonLake Immunotherapeutics                                           | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     10215 | NS      | $515244.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group, Inc.                       | TransMedics Group, Inc.                                               | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     11124 | NS      | $1323422.28   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                               | Dorian LPG Ltd.                                                       | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | MH        |     13067 | NS      | $376198.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries, Inc.                    | Gibraltar Industries, Inc.                                            | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10425 | NS      | $688362.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear, Inc.                               | MaxLinear, Inc.                                                       | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     28809 | NS      | $455758.38    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle, Inc. (The)                            | Buckle, Inc. (The)                                                    | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     11384 | NS      | $562028.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N-Able, Inc.                                  | N-Able, Inc.                                                          | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26182 | NS      | $211550.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                             | RLJ Lodging Trust                                                     | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52604 | NS      | $389269.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastly, Inc.                                  | Fastly, Inc., Class A                                                 | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               | CORP              | US        |     47484 | NS      | $322416.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group, Inc.                            | StoneX Group, Inc.                                                    | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     15484 | NS      | $1505664.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One, Inc.                               | Cable One, Inc.                                                       | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      1547 | NS      | $197985.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric, Inc.                        | Ivanhoe Electric, Inc.                                                | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33892 | NS      | $324007.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology, Inc.                       | Alkami Technology, Inc.                                               | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     22842 | NS      | $509148.18    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes, Inc.                        | Tri Pointe Homes, Inc.                                                | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29075 | NS      | $895510.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                     | V2X, Inc.                                                             | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6093 | NS      | $288686.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                      | Energizer Holdings, Inc.                                              | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     22468 | NS      | $505979.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group, Inc.                 | Pediatrix Medical Group, Inc.                                         | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29544 | NS      | $361914.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                        | Dycom Industries, Inc.                                                | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      9896 | NS      | $2660143.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibotta, Inc.                                  | Ibotta, Inc., Class A                                                 | CUSIP: 451051106<br>LEI: 54930026OZD4IQ7YR615 | Long             | EC               | CORP              | US        |      5394 | NS      | $196071.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp.                                     | BKV Corp.                                                             | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |      6028 | NS      | $124417.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons, Inc. (The)                         | Andersons, Inc. (The)                                                 | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     11698 | NS      | $420192.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                       | Customers Bancorp, Inc.                                               | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     10413 | NS      | $663828.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundHound AI, Inc.                           | SoundHound AI, Inc.                                                   | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128802 | NS      | $1330524.66   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Dynavax Technologies Corp.                    | Dynavax Technologies Corp.                                            | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     37153 | NS      | $407939.94    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.     | Kratos Defense & Security Solutions, Inc.                             | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     58812 | NS      | $3452264.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co.                       | Victoria's Secret & Co.                                               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     24660 | NS      | $463608.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte, Inc.                                | Veracyte, Inc.                                                        | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     25605 | NS      | $601973.55    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                            | Piper Sandler Cos.                                                    | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      5460 | NS      | $1721647.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                        | Envista Holdings Corp.                                                | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     60456 | NS      | $1142013.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust             | National Storage Affiliates Trust                                     | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     25115 | NS      | $739887.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co.                           | Graham Holdings Co., Class B                                          | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      1183 | NS      | $1128794.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                  | Valaris Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     21766 | NS      | $1058480.58   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp. plc                               | Noble Corp. plc                                                       | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | GB        |     44793 | NS      | $1200900.33   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                | LCI Industries                                                        | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      8619 | NS      | $818805.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.                  | Iridium Communications, Inc.                                          | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     34684 | NS      | $848370.64    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork, Inc.                                  | Upwork, Inc.                                                          | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     41932 | NS      | $501506.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                          | CareTrust REIT, Inc.                                                  | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     63277 | NS      | $2012208.60   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings, Inc.                        | Upstart Holdings, Inc.                                                | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |     29610 | NS      | $2420321.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.   | HA Sustainable Infrastructure Capital, Inc.                           | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     42448 | NS      | $1102374.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited, Inc.                              | BankUnited, Inc.                                                      | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     25041 | NS      | $913245.27    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings, Inc.                     | BrightView Holdings, Inc.                                             | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     20293 | NS      | $323673.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun, Inc.                                  | Sunrun, Inc.                                                          | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |     75044 | NS      | $769951.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Operations, Inc.                       | OmniAb Operations, Inc.                                               | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2112 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Virtu Financial, Inc.                         | Virtu Financial, Inc., Class A                                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     28762 | NS      | $1269554.68   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                             | Hillenbrand, Inc.                                                     | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     23993 | NS      | $496895.03    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand, Inc.                             | Masterbrand, Inc.                                                     | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     43274 | NS      | $477312.22    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care, Inc.                    | Tandem Diabetes Care, Inc.                                            | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     23657 | NS      | $368576.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll, Inc.                             | MillerKnoll, Inc.                                                     | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |     23879 | NS      | $453223.42    | 0.08%             |  |  |  | No            |                  1 | 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