# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0001752724-23-066073
**Filing Date:** 2023-3
**Character Count:** 261617
**Document Hash:** f22f6e20f4b1913b4b44bc9d71e2134e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066073.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066073

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 23761662

**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 Europe ETF (Series ID: S000061994)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000200805 | JPMorgan BetaBuilders Europe ETF | BBEU            |

## Nport-Ex

**JPMorgan BetaBuilders Europe ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — 99.4%** | **Common Stocks — 99.4%** | **Common Stocks — 99.4%** |
| **Australia — 1.8%** | **Australia — 1.8%** | **Australia — 1.8%** |
| &nbsp;&nbsp;&nbsp; Flutter Entertainment plc \* | 104962 | 16304066 |
| &nbsp;&nbsp;&nbsp; Glencore plc | 8301984 | 55597457 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | 727510 | 56964953 |
|  |  | &nbsp;&nbsp;&nbsp; 128866476 |
| **Austria — 0.5%** | **Austria — 0.5%** | **Austria — 0.5%** |
| &nbsp;&nbsp;&nbsp; ANDRITZ AG | 49141 | 2938706 |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG \* (a) | 61072 | 3783097 |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | 244618 | 9281819 |
| &nbsp;&nbsp;&nbsp; EVN AG | 25892 | 546335 |
| &nbsp;&nbsp;&nbsp; Mondi plc | 332977 | 6279232 |
| &nbsp;&nbsp;&nbsp; OMV AG | 98747 | 4946260 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1663807 |
| &nbsp;&nbsp;&nbsp; Strabag SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415803 |
| &nbsp;&nbsp;&nbsp; Telekom Austria AG \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638022 |
| &nbsp;&nbsp;&nbsp; Verbund AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1889327 |
| &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG Wiener Versicherung Gruppe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668549 |
| &nbsp;&nbsp;&nbsp; voestalpine AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2522396 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 35573353 |
| **Belgium — 1.5%** | **Belgium — 1.5%** | **Belgium — 1.5%** |
| &nbsp;&nbsp;&nbsp; Ackermans & van Haaren NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2660888 |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp;&nbsp;&nbsp; 122309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5971368 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev SA | &nbsp;&nbsp;&nbsp;&nbsp; 679019 | &nbsp;&nbsp;&nbsp;&nbsp; 40986782 |
| &nbsp;&nbsp;&nbsp; Azelis Group NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1294304 |
| &nbsp;&nbsp;&nbsp; D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2973373 |
| &nbsp;&nbsp;&nbsp; Elia Group SA/NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3464542 |
| &nbsp;&nbsp;&nbsp; Etablissements Franz Colruyt NV (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018217 |
| &nbsp;&nbsp;&nbsp; Groupe Bruxelles Lambert NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5923919 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 231571 | &nbsp;&nbsp;&nbsp;&nbsp; 17151843 |
| &nbsp;&nbsp;&nbsp; Proximus SADP | &nbsp;&nbsp;&nbsp;&nbsp; 106629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1092640 |
| &nbsp;&nbsp;&nbsp; Sofina SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2566017 |
| &nbsp;&nbsp;&nbsp; Solvay SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5839275 |
| &nbsp;&nbsp;&nbsp; UCB SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7118303 |
| &nbsp;&nbsp;&nbsp; Umicore SA | &nbsp;&nbsp;&nbsp;&nbsp; 141922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5365287 |
| &nbsp;&nbsp;&nbsp; Warehouses De Pauw CVA, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 106316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3371482 |
|  |  | &nbsp;&nbsp;&nbsp; 106798240 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| &nbsp;&nbsp;&nbsp; Yara International ASA | &nbsp;&nbsp;&nbsp;&nbsp; 111799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4967377 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| &nbsp;&nbsp;&nbsp; Antofagasta plc | &nbsp;&nbsp;&nbsp;&nbsp; 236606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5083852 |
| **China — 0.9%** | **China — 0.9%** | **China — 0.9%** |
| &nbsp;&nbsp;&nbsp; Prosus NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 796970 | &nbsp;&nbsp;&nbsp;&nbsp; 64351552 |
| **Denmark — 4.2%** | **Denmark — 4.2%** | **Denmark — 4.2%** |
| &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4347137 |
| &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8253061 |
| &nbsp;&nbsp;&nbsp; Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9582981 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Denmark — continued** | **Denmark — continued** | **Denmark — continued** |
| &nbsp;&nbsp;&nbsp; Chr Hansen Holding A/S | 70529 | 5207504 |
| &nbsp;&nbsp;&nbsp; Coloplast A/S, Class B | 81465 | 9835635 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | 467075 | 9730846 |
| &nbsp;&nbsp;&nbsp; Demant A/S \* | 66245 | 1875179 |
| &nbsp;&nbsp;&nbsp; DSV A/S | 131590 | 21768951 |
| &nbsp;&nbsp;&nbsp; Genmab A/S \* | 45146 | 17692571 |
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B | 1123256 | 155447260 |
| &nbsp;&nbsp;&nbsp; Novozymes A/S, Class B (b) | 143360 | 7459959 |
| &nbsp;&nbsp;&nbsp; Orsted A/S (a) | 129717 | 11551565 |
| &nbsp;&nbsp;&nbsp; Pandora A/S | 65486 | 5453079 |
| &nbsp;&nbsp;&nbsp; Tryg A/S | 246906 | 5666024 |
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | &nbsp;&nbsp;&nbsp;&nbsp; 692506 | &nbsp;&nbsp;&nbsp;&nbsp; 20263830 |
|  |  | &nbsp;&nbsp;&nbsp; 294135582 |
| **Finland — 2.0%** | **Finland — 2.0%** | **Finland — 2.0%** |
| &nbsp;&nbsp;&nbsp; Elisa OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 103263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5883217 |
| &nbsp;&nbsp;&nbsp; Fortum OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 298487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4486928 |
| &nbsp;&nbsp;&nbsp; Huhtamaki OYJ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2459575 |
| &nbsp;&nbsp;&nbsp; Kesko OYJ, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1488042 |
| &nbsp;&nbsp;&nbsp; Kesko OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 187287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4362568 |
| &nbsp;&nbsp;&nbsp; Kone OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 276577 | &nbsp;&nbsp;&nbsp;&nbsp; 15083433 |
| &nbsp;&nbsp;&nbsp; Metso Outotec OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 483188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5553219 |
| &nbsp;&nbsp;&nbsp; Neste OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 295379 | &nbsp;&nbsp;&nbsp;&nbsp; 14119796 |
| &nbsp;&nbsp;&nbsp; Nokia OYJ | &nbsp;&nbsp;&nbsp; 3710876 | &nbsp;&nbsp;&nbsp;&nbsp; 17595178 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp;&nbsp; 2264811 | &nbsp;&nbsp;&nbsp;&nbsp; 26476518 |
| &nbsp;&nbsp;&nbsp; Orion OYJ, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1095991 |
| &nbsp;&nbsp;&nbsp; Orion OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3927662 |
| &nbsp;&nbsp;&nbsp; Sampo OYJ, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 339960 | &nbsp;&nbsp;&nbsp;&nbsp; 17847731 |
| &nbsp;&nbsp;&nbsp; Stora Enso OYJ, Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542308 |
| &nbsp;&nbsp;&nbsp; Stora Enso OYJ, Class R | &nbsp;&nbsp;&nbsp;&nbsp; 419947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6003301 |
| &nbsp;&nbsp;&nbsp; UPM-Kymmene OYJ | &nbsp;&nbsp;&nbsp;&nbsp; 365996 | &nbsp;&nbsp;&nbsp;&nbsp; 13265976 |
| &nbsp;&nbsp;&nbsp; Wartsila OYJ Abp | &nbsp;&nbsp;&nbsp;&nbsp; 332722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3164522 |
|  |  | &nbsp;&nbsp;&nbsp; 143355965 |
| **France — 16.3%** | **France — 16.3%** | **France — 16.3%** |
| &nbsp;&nbsp;&nbsp; Adevinta ASA \* | &nbsp;&nbsp;&nbsp;&nbsp; 183858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1576185 |
| &nbsp;&nbsp;&nbsp; Aeroports de Paris \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2946837 |
| &nbsp;&nbsp;&nbsp; Air Liquide SA | &nbsp;&nbsp;&nbsp;&nbsp; 358916 | &nbsp;&nbsp;&nbsp;&nbsp; 57148801 |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp;&nbsp;&nbsp; 421594 | &nbsp;&nbsp;&nbsp;&nbsp; 52853502 |
| &nbsp;&nbsp;&nbsp; Alstom SA | &nbsp;&nbsp;&nbsp;&nbsp; 211561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6290804 |
| &nbsp;&nbsp;&nbsp; Amundi SA (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2744961 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp;&nbsp; 1361947 | &nbsp;&nbsp;&nbsp;&nbsp; 42491419 |
| &nbsp;&nbsp;&nbsp; BioMerieux | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3428849 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 778728 | &nbsp;&nbsp;&nbsp;&nbsp; 53484495 |
| &nbsp;&nbsp;&nbsp; Bollore SE | &nbsp;&nbsp;&nbsp;&nbsp; 627191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3509370 |
| &nbsp;&nbsp;&nbsp; Bouygues SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 144270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4752823 |
| &nbsp;&nbsp;&nbsp; Bureau Veritas SA | &nbsp;&nbsp;&nbsp;&nbsp; 198521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5676006 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp; 107587 | &nbsp;&nbsp;&nbsp;&nbsp; 20418459 |
| &nbsp;&nbsp;&nbsp; Carrefour SA | &nbsp;&nbsp;&nbsp;&nbsp; 402044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7647267 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain | 353674 | 20311906 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | 486741 | 15390663 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | 938893 | 11305438 |
| &nbsp;&nbsp;&nbsp; Danone SA | 435657 | 23891120 |
| &nbsp;&nbsp;&nbsp; Dassault Aviation SA | 16030 | 2737337 |
| &nbsp;&nbsp;&nbsp; Dassault Systemes SE | 475344 | 17678467 |
| &nbsp;&nbsp;&nbsp; Edenred | 171145 | 9322177 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | 53754 | 5741495 |
| &nbsp;&nbsp;&nbsp; Engie SA | 1269176 | 18022137 |
| &nbsp;&nbsp;&nbsp; EssilorLuxottica SA | 208621 | 38277643 |
| &nbsp;&nbsp;&nbsp; Gecina SA, REIT (b) | 37283 | 4416160 |
| &nbsp;&nbsp;&nbsp; Getlink SE | &nbsp;&nbsp;&nbsp;&nbsp; 275316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4656631 |
| &nbsp;&nbsp;&nbsp; Hermes International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23892 | &nbsp;&nbsp;&nbsp;&nbsp; 44714087 |
| &nbsp;&nbsp;&nbsp; Ipsen SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2898652 |
| &nbsp;&nbsp;&nbsp; Kering SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49630 | &nbsp;&nbsp;&nbsp;&nbsp; 30966981 |
| &nbsp;&nbsp;&nbsp; Legrand SA | &nbsp;&nbsp;&nbsp;&nbsp; 182965 | &nbsp;&nbsp;&nbsp;&nbsp; 16313908 |
| &nbsp;&nbsp;&nbsp; L'Oreal SA | &nbsp;&nbsp;&nbsp;&nbsp; 172996 | &nbsp;&nbsp;&nbsp;&nbsp; 71432064 |
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;&nbsp; 179441 | &nbsp;&nbsp;&nbsp; 156647589 |
| &nbsp;&nbsp;&nbsp; Orange SA (b) | &nbsp;&nbsp;&nbsp; 1295128 | &nbsp;&nbsp;&nbsp;&nbsp; 13706025 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard SA | &nbsp;&nbsp;&nbsp;&nbsp; 139746 | &nbsp;&nbsp;&nbsp;&nbsp; 28931622 |
| &nbsp;&nbsp;&nbsp; Publicis Groupe SA | &nbsp;&nbsp;&nbsp;&nbsp; 161882 | &nbsp;&nbsp;&nbsp;&nbsp; 11419097 |
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp;&nbsp;&nbsp; 240237 | &nbsp;&nbsp;&nbsp;&nbsp; 34544992 |
| &nbsp;&nbsp;&nbsp; Sanofi | &nbsp;&nbsp;&nbsp;&nbsp; 790944 | &nbsp;&nbsp;&nbsp;&nbsp; 77452776 |
| &nbsp;&nbsp;&nbsp; Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5729855 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp; 541999 | &nbsp;&nbsp;&nbsp;&nbsp; 16133460 |
| &nbsp;&nbsp;&nbsp; Sodexo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5713123 |
| &nbsp;&nbsp;&nbsp; Teleperformance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40531 | &nbsp;&nbsp;&nbsp;&nbsp; 11267090 |
| &nbsp;&nbsp;&nbsp; Thales SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9678338 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE (b) | &nbsp;&nbsp;&nbsp; 1688302 | &nbsp;&nbsp;&nbsp; 104372171 |
| &nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield, REIT \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4741753 |
| &nbsp;&nbsp;&nbsp; Veolia Environnement SA | &nbsp;&nbsp;&nbsp;&nbsp; 451574 | &nbsp;&nbsp;&nbsp;&nbsp; 13403831 |
| &nbsp;&nbsp;&nbsp; Vinci SA | &nbsp;&nbsp;&nbsp;&nbsp; 369069 | &nbsp;&nbsp;&nbsp;&nbsp; 41700951 |
| &nbsp;&nbsp;&nbsp; Vivendi SE | &nbsp;&nbsp;&nbsp;&nbsp; 554938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5959910 |
| &nbsp;&nbsp;&nbsp; Worldline SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 171762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7792138 |
|  |  | 1152241365 |
| **Germany — 12.0%** | **Germany — 12.0%** | **Germany — 12.0%** |
| &nbsp;&nbsp;&nbsp; adidas AG | &nbsp;&nbsp;&nbsp;&nbsp; 122515 | &nbsp;&nbsp;&nbsp;&nbsp; 19726904 |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 280099 | &nbsp;&nbsp;&nbsp;&nbsp; 66975556 |
| &nbsp;&nbsp;&nbsp; BASF SE | &nbsp;&nbsp;&nbsp;&nbsp; 629838 | &nbsp;&nbsp;&nbsp;&nbsp; 36112046 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 673691 | &nbsp;&nbsp;&nbsp;&nbsp; 41933853 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp; 218791 | &nbsp;&nbsp;&nbsp;&nbsp; 22287080 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3857861 |
| &nbsp;&nbsp;&nbsp; Beiersdorf AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8192025 |
| &nbsp;&nbsp;&nbsp; Brenntag SE | &nbsp;&nbsp;&nbsp;&nbsp; 105936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7907917 |
| &nbsp;&nbsp;&nbsp; Carl Zeiss Meditec AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3633069 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 721396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8246595 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5199365 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Germany — continued** | **Germany — continued** | **Germany — continued** |
| &nbsp;&nbsp;&nbsp; Covestro AG (a) | 132477 | 6099840 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG \* | 355517 | 11946663 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | 1417266 | 18914436 |
| &nbsp;&nbsp;&nbsp; Deutsche Boerse AG | 130300 | 23316182 |
| &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG (Registered) \* | 409892 | 4342687 |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG (Registered) | 679754 | 29267954 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | 2393597 | 53326455 |
| &nbsp;&nbsp;&nbsp; Deutsche Wohnen SE | 35750 | 844392 |
| &nbsp;&nbsp;&nbsp; E.ON SE | 1539576 | 16785855 |
| &nbsp;&nbsp;&nbsp; Evonik Industries AG | 140594 | 3125199 |
| &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA | 281943 | 8170955 |
| &nbsp;&nbsp;&nbsp; GEA Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 112620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5081404 |
| &nbsp;&nbsp;&nbsp; Hannover Rueck SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8396681 |
| &nbsp;&nbsp;&nbsp; HeidelbergCement AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6813505 |
| &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4523931 |
| &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 122185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8711829 |
| &nbsp;&nbsp;&nbsp; Infineon Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp; 895519 | &nbsp;&nbsp;&nbsp;&nbsp; 32248039 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 535541 | &nbsp;&nbsp;&nbsp;&nbsp; 39850692 |
| &nbsp;&nbsp;&nbsp; Merck KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88615 | &nbsp;&nbsp;&nbsp;&nbsp; 18496459 |
| &nbsp;&nbsp;&nbsp; MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9154546 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96072 | &nbsp;&nbsp;&nbsp;&nbsp; 34701932 |
| &nbsp;&nbsp;&nbsp; Porsche Automobil Holding SE (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 105012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6279370 |
| &nbsp;&nbsp;&nbsp; Puma SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4803130 |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp;&nbsp;&nbsp; 463724 | &nbsp;&nbsp;&nbsp;&nbsp; 20644481 |
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp;&nbsp;&nbsp; 749770 | &nbsp;&nbsp;&nbsp;&nbsp; 88877753 |
| &nbsp;&nbsp;&nbsp; Sartorius AG (Preference) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8290692 |
| &nbsp;&nbsp;&nbsp; Siemens AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 512923 | &nbsp;&nbsp;&nbsp;&nbsp; 80121279 |
| &nbsp;&nbsp;&nbsp; Siemens Energy AG | &nbsp;&nbsp;&nbsp;&nbsp; 274049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5730040 |
| &nbsp;&nbsp;&nbsp; Siemens Healthineers AG (a) | &nbsp;&nbsp;&nbsp;&nbsp; 193381 | &nbsp;&nbsp;&nbsp;&nbsp; 10370763 |
| &nbsp;&nbsp;&nbsp; Symrise AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9679386 |
| &nbsp;&nbsp;&nbsp; Talanx AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1802665 |
| &nbsp;&nbsp;&nbsp; Telefonica Deutschland Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 632333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1862457 |
| &nbsp;&nbsp;&nbsp; TUI AG \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp; Vantage Towers AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2278175 |
| &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 125840 | &nbsp;&nbsp;&nbsp;&nbsp; 17452841 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp;&nbsp;&nbsp; 545747 | &nbsp;&nbsp;&nbsp;&nbsp; 15416207 |
| &nbsp;&nbsp;&nbsp; Zalando SE \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 153579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7162158 |
|  |  | &nbsp;&nbsp;&nbsp; 848963312 |
| **Hong Kong — 0.4%** | **Hong Kong — 0.4%** | **Hong Kong — 0.4%** |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp; 1885319 | &nbsp;&nbsp;&nbsp;&nbsp; 31324711 |
| **Ireland — 0.7%** | **Ireland — 0.7%** | **Ireland — 0.7%** |
| &nbsp;&nbsp;&nbsp; CRH plc | &nbsp;&nbsp;&nbsp;&nbsp; 526779 | &nbsp;&nbsp;&nbsp;&nbsp; 24612451 |
| &nbsp;&nbsp;&nbsp; Kerry Group plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 106794 | &nbsp;&nbsp;&nbsp;&nbsp; 10006606 |
| &nbsp;&nbsp;&nbsp; Kingspan Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 105902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6811199 |
| &nbsp;&nbsp;&nbsp; Smurfit Kappa Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 178444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7491887 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 48922143 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Italy — 3.4%** | **Italy — 3.4%** | **Italy — 3.4%** |
| &nbsp;&nbsp;&nbsp; A2A SpA | 1074179 | 1617159 |
| &nbsp;&nbsp;&nbsp; Amplifon SpA | 63658 | 1757804 |
| &nbsp;&nbsp;&nbsp; Assicurazioni Generali SpA | 827005 | 16144219 |
| &nbsp;&nbsp;&nbsp; Banca Mediolanum SpA | 147746 | 1413547 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | 1039031 | 4676465 |
| &nbsp;&nbsp;&nbsp; Buzzi Unicem SpA | 64711 | 1457174 |
| &nbsp;&nbsp;&nbsp; Coca-Cola HBC AG \* | 139749 | 3396095 |
| &nbsp;&nbsp;&nbsp; Davide Campari-Milano NV | 366427 | 3930691 |
| &nbsp;&nbsp;&nbsp; DiaSorin SpA | 18018 | 2345579 |
| &nbsp;&nbsp;&nbsp; Enel SpA | 5298527 | 31198364 |
| &nbsp;&nbsp;&nbsp; Eni SpA | 1714385 | 26381360 |
| &nbsp;&nbsp;&nbsp; Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87773 | &nbsp;&nbsp;&nbsp;&nbsp; 21933079 |
| &nbsp;&nbsp;&nbsp; FinecoBank Banca Fineco SpA | &nbsp;&nbsp;&nbsp;&nbsp; 418396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7510986 |
| &nbsp;&nbsp;&nbsp; Hera SpA | &nbsp;&nbsp;&nbsp;&nbsp; 541370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1555149 |
| &nbsp;&nbsp;&nbsp; Infrastrutture Wireless Italiane SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 243637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2669965 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | 11719314 | &nbsp;&nbsp;&nbsp;&nbsp; 30813238 |
| &nbsp;&nbsp;&nbsp; Leonardo SpA | &nbsp;&nbsp;&nbsp;&nbsp; 277523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2857970 |
| &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito Finanziario SpA | &nbsp;&nbsp;&nbsp;&nbsp; 436235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4689502 |
| &nbsp;&nbsp;&nbsp; Moncler SpA | &nbsp;&nbsp;&nbsp;&nbsp; 142636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8927249 |
| &nbsp;&nbsp;&nbsp; Nexi SpA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 584635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5149081 |
| &nbsp;&nbsp;&nbsp; Pirelli & C SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 274308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1373375 |
| &nbsp;&nbsp;&nbsp; Poste Italiane SpA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 313478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3349209 |
| &nbsp;&nbsp;&nbsp; Prysmian SpA | &nbsp;&nbsp;&nbsp;&nbsp; 183883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7509355 |
| &nbsp;&nbsp;&nbsp; Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3016040 |
| &nbsp;&nbsp;&nbsp; Snam SpA | &nbsp;&nbsp;&nbsp; 1405864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7160811 |
| &nbsp;&nbsp;&nbsp; Telecom Italia SpA \* (b) | &nbsp;&nbsp;&nbsp; 6919990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1992326 |
| &nbsp;&nbsp;&nbsp; Telecom Italia SpA \* | &nbsp;&nbsp;&nbsp; 4133535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1154247 |
| &nbsp;&nbsp;&nbsp; Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;&nbsp;&nbsp; 964831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7633609 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp;&nbsp; 1386711 | &nbsp;&nbsp;&nbsp;&nbsp; 27084036 |
| &nbsp;&nbsp;&nbsp; UnipolSai Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp; 289419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769859 |
|  |  | &nbsp;&nbsp;&nbsp; 241467543 |
| **Jordan — 0.0% ^** | **Jordan — 0.0% ^** | **Jordan — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals plc | &nbsp;&nbsp;&nbsp;&nbsp; 121786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576275 |
| **Luxembourg — 0.3%** | **Luxembourg — 0.3%** | **Luxembourg — 0.3%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp; 391261 | &nbsp;&nbsp;&nbsp;&nbsp; 12138062 |
| &nbsp;&nbsp;&nbsp; Eurofins Scientific SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6344643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18482705 |
| **Mexico — 0.0% ^** | **Mexico — 0.0% ^** | **Mexico — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Fresnillo plc | &nbsp;&nbsp;&nbsp;&nbsp; 126338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1283325 |
| **Netherlands — 8.1%** | **Netherlands — 8.1%** | **Netherlands — 8.1%** |
| &nbsp;&nbsp;&nbsp; Adyen NV \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21248 | &nbsp;&nbsp;&nbsp;&nbsp; 32125004 |
| &nbsp;&nbsp;&nbsp; Aegon NV | &nbsp;&nbsp;&nbsp;&nbsp; 969161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5345690 |
| &nbsp;&nbsp;&nbsp; Akzo Nobel NV | &nbsp;&nbsp;&nbsp;&nbsp; 124528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9275469 |
| &nbsp;&nbsp;&nbsp; Argenx SE \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35569 | &nbsp;&nbsp;&nbsp;&nbsp; 13547750 |
| &nbsp;&nbsp;&nbsp; Argenx SE \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883264 |
| &nbsp;&nbsp;&nbsp; ASM International NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31822 | &nbsp;&nbsp;&nbsp;&nbsp; 10762386 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Netherlands — continued** | **Netherlands — continued** | **Netherlands — continued** |
| &nbsp;&nbsp;&nbsp; ASML Holding NV | 278739 | 184426968 |
| &nbsp;&nbsp;&nbsp; HAL Trust | 60742 | 8365979 |
| &nbsp;&nbsp;&nbsp; Heineken Holding NV | 75049 | 6196488 |
| &nbsp;&nbsp;&nbsp; Heineken NV | 161935 | 16183603 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | 2583376 | 37407961 |
| &nbsp;&nbsp;&nbsp; JDE Peet's NV | 89631 | 2686506 |
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | 717112 | 21403620 |
| &nbsp;&nbsp;&nbsp; Koninklijke DSM NV | 119863 | 15414620 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | 2236927 | 7647708 |
| &nbsp;&nbsp;&nbsp; Koninklijke Philips NV | 609839 | 10529145 |
| &nbsp;&nbsp;&nbsp; NN Group NV | 212571 | 9235801 |
| &nbsp;&nbsp;&nbsp; Randstad NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5497910 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp;&nbsp; 4875840 | &nbsp;&nbsp;&nbsp; 143143889 |
| &nbsp;&nbsp;&nbsp; Universal Music Group NV | &nbsp;&nbsp;&nbsp;&nbsp; 522300 | &nbsp;&nbsp;&nbsp;&nbsp; 13351230 |
| &nbsp;&nbsp;&nbsp; Wolters Kluwer NV | &nbsp;&nbsp;&nbsp;&nbsp; 176580 | &nbsp;&nbsp;&nbsp;&nbsp; 19251280 |
|  |  | &nbsp;&nbsp;&nbsp; 572682271 |
| **Norway — 1.2%** | **Norway — 1.2%** | **Norway — 1.2%** |
| &nbsp;&nbsp;&nbsp; Aker ASA, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1178823 |
| &nbsp;&nbsp;&nbsp; Aker BP ASA | &nbsp;&nbsp;&nbsp;&nbsp; 212363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6468951 |
| &nbsp;&nbsp;&nbsp; AutoStore Holdings Ltd. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 681817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1574509 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp; 616623 | &nbsp;&nbsp;&nbsp;&nbsp; 11530583 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 718604 | &nbsp;&nbsp;&nbsp;&nbsp; 21900652 |
| &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA | &nbsp;&nbsp;&nbsp;&nbsp; 130300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2341941 |
| &nbsp;&nbsp;&nbsp; Kongsberg Gruppen ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420832 |
| &nbsp;&nbsp;&nbsp; Leroy Seafood Group ASA | &nbsp;&nbsp;&nbsp;&nbsp; 192018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130779 |
| &nbsp;&nbsp;&nbsp; Mowi ASA | &nbsp;&nbsp;&nbsp;&nbsp; 312055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5770418 |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | &nbsp;&nbsp;&nbsp;&nbsp; 936412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7592288 |
| &nbsp;&nbsp;&nbsp; Orkla ASA | &nbsp;&nbsp;&nbsp;&nbsp; 515042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3845158 |
| &nbsp;&nbsp;&nbsp; Salmar ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1922157 |
| &nbsp;&nbsp;&nbsp; Schibsted ASA, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1110637 |
| &nbsp;&nbsp;&nbsp; Schibsted ASA, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1432572 |
| &nbsp;&nbsp;&nbsp; Storebrand ASA | &nbsp;&nbsp;&nbsp;&nbsp; 323664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2817679 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp; 441450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4621370 |
| &nbsp;&nbsp;&nbsp; TOMRA Systems ASA | &nbsp;&nbsp;&nbsp;&nbsp; 160370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2831068 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 272214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 81318458 |
| **Poland — 0.4%** | **Poland — 0.4%** | **Poland — 0.4%** |
| &nbsp;&nbsp;&nbsp; Allegro.eu SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 289226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013172 |
| &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki SA | &nbsp;&nbsp;&nbsp;&nbsp; 120581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576728 |
| &nbsp;&nbsp;&nbsp; Dino Polska SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2981019 |
| &nbsp;&nbsp;&nbsp; ING Bank Slaski SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889239 |
| &nbsp;&nbsp;&nbsp; KGHM Polska Miedz SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3049091 |
| &nbsp;&nbsp;&nbsp; LPP SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1634990 |
| &nbsp;&nbsp;&nbsp; Polski Koncern Naftowy ORLEN SA | &nbsp;&nbsp;&nbsp;&nbsp; 366196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500127 |
| &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp;&nbsp;&nbsp; 591444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4411288 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Poland — continued** | **Poland — continued** | **Poland — continued** |
| &nbsp;&nbsp;&nbsp; Powszechny Zaklad Ubezpieczen SA | 390822 | 3321981 |
| &nbsp;&nbsp;&nbsp; Santander Bank Polska SA | 23116 | 1536801 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27914436 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| &nbsp;&nbsp;&nbsp; EDP - Energias de Portugal SA | 2012373 | 9997989 |
| &nbsp;&nbsp;&nbsp; Galp Energia SGPS SA | 312010 | 4270808 |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | 189866 | 4122129 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18390926 |
| **Russia — 0.0% ^** | **Russia — 0.0% ^** | **Russia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Evraz plc ‡ \* | 453755 | 22902 |
| **Singapore — 0.3%** | **Singapore — 0.3%** | **Singapore — 0.3%** |
| &nbsp;&nbsp;&nbsp; STMicroelectronics NV | &nbsp;&nbsp;&nbsp;&nbsp; 449925 | &nbsp;&nbsp;&nbsp;&nbsp; 21186219 |
| **South Africa — 0.6%** | **South Africa — 0.6%** | **South Africa — 0.6%** |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp; 917248 | &nbsp;&nbsp;&nbsp;&nbsp; 39561283 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| &nbsp;&nbsp;&nbsp; Delivery Hero SE \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 132333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8000438 |
| **Spain — 3.8%** | **Spain — 3.8%** | **Spain — 3.8%** |
| &nbsp;&nbsp;&nbsp; Acciona SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3304215 |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp;&nbsp;&nbsp; 154408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4569507 |
| &nbsp;&nbsp;&nbsp; Aena SME SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7572847 |
| &nbsp;&nbsp;&nbsp; Amadeus IT Group SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 308938 | &nbsp;&nbsp;&nbsp;&nbsp; 19464315 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp; 4135124 | &nbsp;&nbsp;&nbsp;&nbsp; 29209579 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | 11516660 | &nbsp;&nbsp;&nbsp;&nbsp; 40250029 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp;&nbsp; 2984859 | &nbsp;&nbsp;&nbsp;&nbsp; 13243700 |
| &nbsp;&nbsp;&nbsp; Cellnex Telecom SA (a) | &nbsp;&nbsp;&nbsp;&nbsp; 391301 | &nbsp;&nbsp;&nbsp;&nbsp; 15334307 |
| &nbsp;&nbsp;&nbsp; Corp. ACCIONA Energias Renovables SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1571356 |
| &nbsp;&nbsp;&nbsp; EDP Renovaveis SA (b) | &nbsp;&nbsp;&nbsp;&nbsp; 144923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3152233 |
| &nbsp;&nbsp;&nbsp; Endesa SA | &nbsp;&nbsp;&nbsp;&nbsp; 217802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4342258 |
| &nbsp;&nbsp;&nbsp; Ferrovial SA | &nbsp;&nbsp;&nbsp;&nbsp; 342071 | &nbsp;&nbsp;&nbsp;&nbsp; 10093916 |
| &nbsp;&nbsp;&nbsp; Grifols SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 201625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2669123 |
| &nbsp;&nbsp;&nbsp; Grifols SA (Preference), Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 179260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1633672 |
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp;&nbsp; 3970118 | &nbsp;&nbsp;&nbsp;&nbsp; 46576517 |
| &nbsp;&nbsp;&nbsp; Industria de Diseno Textil SA | &nbsp;&nbsp;&nbsp;&nbsp; 769407 | &nbsp;&nbsp;&nbsp;&nbsp; 24021516 |
| &nbsp;&nbsp;&nbsp; Mapfre SA | &nbsp;&nbsp;&nbsp;&nbsp; 675783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1359300 |
| &nbsp;&nbsp;&nbsp; Naturgy Energy Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 126340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3583283 |
| &nbsp;&nbsp;&nbsp; Red Electrica Corp. SA | &nbsp;&nbsp;&nbsp;&nbsp; 296820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5253389 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp;&nbsp;&nbsp; 995983 | &nbsp;&nbsp;&nbsp;&nbsp; 16360854 |
| &nbsp;&nbsp;&nbsp; Telefonica SA | &nbsp;&nbsp;&nbsp; 3960343 | &nbsp;&nbsp;&nbsp;&nbsp; 15045421 |
|  |  | &nbsp;&nbsp;&nbsp; 268611337 |
| **Sweden — 5.0%** | **Sweden — 5.0%** | **Sweden — 5.0%** |
| &nbsp;&nbsp;&nbsp; Alfa Laval AB | &nbsp;&nbsp;&nbsp;&nbsp; 201506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6332453 |
| &nbsp;&nbsp;&nbsp; Assa Abloy AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 680090 | &nbsp;&nbsp;&nbsp;&nbsp; 16020377 |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class A | &nbsp;&nbsp;&nbsp; 1749860 | &nbsp;&nbsp;&nbsp;&nbsp; 20763950 |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class B | &nbsp;&nbsp;&nbsp; 1070352 | &nbsp;&nbsp;&nbsp;&nbsp; 11289658 |
| &nbsp;&nbsp;&nbsp; Axfood AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1915121 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Sweden — continued** | **Sweden — continued** | **Sweden — continued** |
| &nbsp;&nbsp;&nbsp; Beijer Ref AB (b) | 169911 | 2621208 |
| &nbsp;&nbsp;&nbsp; Boliden AB | 187569 | 8417537 |
| &nbsp;&nbsp;&nbsp; Castellum AB | 196766 | 2699840 |
| &nbsp;&nbsp;&nbsp; Electrolux AB, Class B (b) | 154276 | 2185144 |
| &nbsp;&nbsp;&nbsp; Embracer Group AB \* | 572168 | 2666948 |
| &nbsp;&nbsp;&nbsp; Epiroc AB, Class A | 429323 | 8353240 |
| &nbsp;&nbsp;&nbsp; Epiroc AB, Class B | 267409 | 4458370 |
| &nbsp;&nbsp;&nbsp; EQT AB | 227547 | 5134545 |
| &nbsp;&nbsp;&nbsp; Essity AB, Class A | 19320 | 505047 |
| &nbsp;&nbsp;&nbsp; Essity AB, Class B | 413230 | 10795282 |
| &nbsp;&nbsp;&nbsp; Evolution AB (a) | 131274 | 14754037 |
| &nbsp;&nbsp;&nbsp; Fastighets AB Balder, Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 432678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2229262 |
| &nbsp;&nbsp;&nbsp; Getinge AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 149874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3376299 |
| &nbsp;&nbsp;&nbsp; H & M Hennes & Mauritz AB, Class B (b) | &nbsp;&nbsp;&nbsp;&nbsp; 490809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6044948 |
| &nbsp;&nbsp;&nbsp; Hexagon AB, Class B | &nbsp;&nbsp; 1459325 | &nbsp;&nbsp;&nbsp;&nbsp; 16728981 |
| &nbsp;&nbsp;&nbsp; Holmen AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2620663 |
| &nbsp;&nbsp;&nbsp; Husqvarna AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 284540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420835 |
| &nbsp;&nbsp;&nbsp; Industrivarden AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 125191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3316353 |
| &nbsp;&nbsp;&nbsp; Industrivarden AB, Class C | &nbsp;&nbsp;&nbsp;&nbsp; 117333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3091099 |
| &nbsp;&nbsp;&nbsp; Indutrade AB | &nbsp;&nbsp;&nbsp;&nbsp; 182385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4050268 |
| &nbsp;&nbsp;&nbsp; Investment AB Latour, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1970682 |
| &nbsp;&nbsp;&nbsp; Investor AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 384722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7678508 |
| &nbsp;&nbsp;&nbsp; Investor AB, Class B | &nbsp;&nbsp; 1249394 | &nbsp;&nbsp;&nbsp;&nbsp; 24278211 |
| &nbsp;&nbsp;&nbsp; Kinnevik AB, Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 166426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2572471 |
| &nbsp;&nbsp;&nbsp; L E Lundbergforetagen AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2027054 |
| &nbsp;&nbsp;&nbsp; Lifco AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 145323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2669634 |
| &nbsp;&nbsp;&nbsp; Nibe Industrier AB, Class B | &nbsp;&nbsp; 1051463 | &nbsp;&nbsp;&nbsp;&nbsp; 11360286 |
| &nbsp;&nbsp;&nbsp; Nordnet AB publ | &nbsp;&nbsp;&nbsp;&nbsp; 111419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1811064 |
| &nbsp;&nbsp;&nbsp; Saab AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2283017 |
| &nbsp;&nbsp;&nbsp; Sagax AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 128723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3201984 |
| &nbsp;&nbsp;&nbsp; Sagax AB, Class D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182564 |
| &nbsp;&nbsp;&nbsp; Sandvik AB | &nbsp;&nbsp;&nbsp;&nbsp; 748364 | &nbsp;&nbsp;&nbsp;&nbsp; 15466928 |
| &nbsp;&nbsp;&nbsp; Securitas AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 344738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3155580 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128774 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp; 1167213 | &nbsp;&nbsp;&nbsp;&nbsp; 14130059 |
| &nbsp;&nbsp;&nbsp; Skanska AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 274470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4844423 |
| &nbsp;&nbsp;&nbsp; SKF AB, Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165158 |
| &nbsp;&nbsp;&nbsp; SKF AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 257048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4549311 |
| &nbsp;&nbsp;&nbsp; SSAB AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 152268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1088356 |
| &nbsp;&nbsp;&nbsp; SSAB AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 432907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950118 |
| &nbsp;&nbsp;&nbsp; Svenska Cellulosa AB SCA, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293782 |
| &nbsp;&nbsp;&nbsp; Svenska Cellulosa AB SCA, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 411092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5708566 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299760 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A | &nbsp;&nbsp; 1053566 | &nbsp;&nbsp;&nbsp;&nbsp; 10986610 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 628767 | &nbsp;&nbsp;&nbsp;&nbsp; 12095231 |
| &nbsp;&nbsp;&nbsp; Swedish Orphan Biovitrum AB \* | &nbsp;&nbsp;&nbsp;&nbsp; 138077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3079197 |
| &nbsp;&nbsp;&nbsp; Tele2 AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 376885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3254978 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241107 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Sweden — continued** | **Sweden — continued** | **Sweden — continued** |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B | 2106868 | 12220813 |
| &nbsp;&nbsp;&nbsp; Telia Co. AB | 1682655 | 4345697 |
| &nbsp;&nbsp;&nbsp; Trelleborg AB, Class B | 166351 | 4159520 |
| &nbsp;&nbsp;&nbsp; Volvo AB, Class A | 131204 | 2725596 |
| &nbsp;&nbsp;&nbsp; Volvo AB, Class B | 1089292 | 21615388 |
| &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B \* (b) | 367783 | 1835053 |
|  |  | &nbsp;&nbsp;&nbsp; 352166945 |
| **Switzerland — 8.6%** | **Switzerland — 8.6%** | **Switzerland — 8.6%** |
| &nbsp;&nbsp;&nbsp; ABB Ltd. (Registered) | 1172171 | 40809910 |
| &nbsp;&nbsp;&nbsp; Alcon, Inc. | 342670 | 25857386 |
| &nbsp;&nbsp;&nbsp; Baloise Holding AG (Registered) | 31392 | 5163134 |
| &nbsp;&nbsp;&nbsp; Barry Callebaut AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5120955 |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7676923 |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8104276 |
| &nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 357949 | &nbsp;&nbsp;&nbsp;&nbsp; 55180462 |
| &nbsp;&nbsp;&nbsp; Credit Suisse Group AG (Registered) | &nbsp;&nbsp;&nbsp; 2220225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7648412 |
| &nbsp;&nbsp;&nbsp; EMS-Chemie Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3457540 |
| &nbsp;&nbsp;&nbsp; Geberit AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24588 | &nbsp;&nbsp;&nbsp;&nbsp; 13990139 |
| &nbsp;&nbsp;&nbsp; Givaudan SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5443 | &nbsp;&nbsp;&nbsp;&nbsp; 17647464 |
| &nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 146615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9404526 |
| &nbsp;&nbsp;&nbsp; Kuehne + Nagel International AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9279301 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51059 | &nbsp;&nbsp;&nbsp;&nbsp; 29126176 |
| &nbsp;&nbsp;&nbsp; Mediclinic International plc | &nbsp;&nbsp;&nbsp;&nbsp; 278047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1701201 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp;&nbsp; 1648348 | &nbsp;&nbsp;&nbsp; 149025628 |
| &nbsp;&nbsp;&nbsp; Partners Group Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15572 | &nbsp;&nbsp;&nbsp;&nbsp; 14611166 |
| &nbsp;&nbsp;&nbsp; Schindler Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5951435 |
| &nbsp;&nbsp;&nbsp; Schindler Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2886258 |
| &nbsp;&nbsp;&nbsp; SGS SA (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4160 | &nbsp;&nbsp;&nbsp;&nbsp; 10144718 |
| &nbsp;&nbsp;&nbsp; Sika AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp; 105422 | &nbsp;&nbsp;&nbsp;&nbsp; 29955332 |
| &nbsp;&nbsp;&nbsp; Sonova Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8807279 |
| &nbsp;&nbsp;&nbsp; Straumann Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79827 | &nbsp;&nbsp;&nbsp;&nbsp; 10452309 |
| &nbsp;&nbsp;&nbsp; Swatch Group AG (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7194303 |
| &nbsp;&nbsp;&nbsp; Swatch Group AG (The) (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2475669 |
| &nbsp;&nbsp;&nbsp; Swiss Life Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21143 | &nbsp;&nbsp;&nbsp;&nbsp; 12513438 |
| &nbsp;&nbsp;&nbsp; Swisscom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17405 | &nbsp;&nbsp;&nbsp;&nbsp; 10283848 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Registered) | &nbsp;&nbsp;&nbsp; 2417003 | &nbsp;&nbsp;&nbsp;&nbsp; 51591876 |
| &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp; 103168 | &nbsp;&nbsp;&nbsp;&nbsp; 51019561 |
|  |  | &nbsp;&nbsp;&nbsp; 607080625 |
| **United Arab Emirates — 0.0% ^** | **United Arab Emirates — 0.0% ^** | **United Arab Emirates — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; NMC Health plc ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| **United Kingdom — 18.1%** | **United Kingdom — 18.1%** | **United Kingdom — 18.1%** |
| &nbsp;&nbsp;&nbsp; 3i Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 667408 | &nbsp;&nbsp;&nbsp;&nbsp; 13020963 |
| &nbsp;&nbsp;&nbsp; abrdn plc | &nbsp;&nbsp;&nbsp; 1495418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3938684 |
| &nbsp;&nbsp;&nbsp; Admiral Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 187340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5092902 |
| &nbsp;&nbsp;&nbsp; Ashtead Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 308113 | &nbsp;&nbsp;&nbsp;&nbsp; 20295037 |
| &nbsp;&nbsp;&nbsp; Associated British Foods plc | &nbsp;&nbsp;&nbsp;&nbsp; 244295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5607845 |
| &nbsp;&nbsp;&nbsp; AstraZeneca plc | &nbsp;&nbsp;&nbsp; 1062539 | &nbsp;&nbsp;&nbsp; 139205941 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; Auto Trader Group plc (a) | 664489 | 5155428 |
| &nbsp;&nbsp;&nbsp; Aviva plc | 1921986 | 10839718 |
| &nbsp;&nbsp;&nbsp; B&M European Value Retail SA | 583970 | 3229539 |
| &nbsp;&nbsp;&nbsp; BAE Systems plc | 2211342 | 23409383 |
| &nbsp;&nbsp;&nbsp; Barclays plc | 10328930 | 23744064 |
| &nbsp;&nbsp;&nbsp; Barratt Developments plc | 688676 | 3914251 |
| &nbsp;&nbsp;&nbsp; Berkeley Group Holdings plc | 77051 | 3945604 |
| &nbsp;&nbsp;&nbsp; BP plc | 12536513 | 75723732 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | 1532974 | 58764755 |
| &nbsp;&nbsp;&nbsp; British Land Co. plc (The), REIT | 643202 | 3520166 |
| &nbsp;&nbsp;&nbsp; BT Group plc | 4784914 | 7372090 |
| &nbsp;&nbsp;&nbsp; Bunzl plc | &nbsp;&nbsp;&nbsp;&nbsp; 231530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8499750 |
| &nbsp;&nbsp;&nbsp; Burberry Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 277632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8456929 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp;&nbsp; 4051009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5046760 |
| &nbsp;&nbsp;&nbsp; CNH Industrial NV | &nbsp;&nbsp;&nbsp;&nbsp; 683010 | &nbsp;&nbsp;&nbsp;&nbsp; 12083371 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners plc | &nbsp;&nbsp;&nbsp;&nbsp; 137846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7749702 |
| &nbsp;&nbsp;&nbsp; Compass Group plc | &nbsp;&nbsp;&nbsp; 1224336 | &nbsp;&nbsp;&nbsp;&nbsp; 29246966 |
| &nbsp;&nbsp;&nbsp; ConvaTec Group plc (a) | &nbsp;&nbsp;&nbsp; 1107243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3211527 |
| &nbsp;&nbsp;&nbsp; Croda International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8330787 |
| &nbsp;&nbsp;&nbsp; DCC plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3957839 |
| &nbsp;&nbsp;&nbsp; Dechra Pharmaceuticals plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767816 |
| &nbsp;&nbsp;&nbsp; Diageo plc | &nbsp;&nbsp;&nbsp; 1598740 | &nbsp;&nbsp;&nbsp;&nbsp; 69906682 |
| &nbsp;&nbsp;&nbsp; Direct Line Insurance Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 899274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1971790 |
| &nbsp;&nbsp;&nbsp; DS Smith plc | &nbsp;&nbsp;&nbsp;&nbsp; 944569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4135240 |
| &nbsp;&nbsp;&nbsp; easyJet plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 389845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2374777 |
| &nbsp;&nbsp;&nbsp; Entain plc | &nbsp;&nbsp;&nbsp;&nbsp; 403808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7446505 |
| &nbsp;&nbsp;&nbsp; Experian plc | &nbsp;&nbsp;&nbsp;&nbsp; 664832 | &nbsp;&nbsp;&nbsp;&nbsp; 24312578 |
| &nbsp;&nbsp;&nbsp; Halma plc | &nbsp;&nbsp;&nbsp;&nbsp; 260335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6931173 |
| &nbsp;&nbsp;&nbsp; Harbour Energy plc | &nbsp;&nbsp;&nbsp;&nbsp; 372685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1441475 |
| &nbsp;&nbsp;&nbsp; Hargreaves Lansdown plc | &nbsp;&nbsp;&nbsp;&nbsp; 240682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2649723 |
| &nbsp;&nbsp;&nbsp; Hiscox Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 242639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3377088 |
| &nbsp;&nbsp;&nbsp; Howden Joinery Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 398141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3397251 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | 13692956 | &nbsp;&nbsp;&nbsp; 100894483 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp; 658036 | &nbsp;&nbsp;&nbsp;&nbsp; 16507655 |
| &nbsp;&nbsp;&nbsp; Informa plc | &nbsp;&nbsp;&nbsp; 1030760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8525163 |
| &nbsp;&nbsp;&nbsp; InterContinental Hotels Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 128713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8935724 |
| &nbsp;&nbsp;&nbsp; Intermediate Capital Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 201679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3470377 |
| &nbsp;&nbsp;&nbsp; Intertek Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 110675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5948455 |
| &nbsp;&nbsp;&nbsp; ITV plc | &nbsp;&nbsp;&nbsp; 2484352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2487913 |
| &nbsp;&nbsp;&nbsp; J Sainsbury plc | &nbsp;&nbsp;&nbsp; 1206012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3911197 |
| &nbsp;&nbsp;&nbsp; JD Sports Fashion plc | &nbsp;&nbsp;&nbsp; 1697845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3422214 |
| &nbsp;&nbsp;&nbsp; Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp; 136415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3810451 |
| &nbsp;&nbsp;&nbsp; Kingfisher plc | &nbsp;&nbsp;&nbsp; 1340153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4623420 |
| &nbsp;&nbsp;&nbsp; Land Securities Group plc, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 515205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4513615 |
| &nbsp;&nbsp;&nbsp; Legal & General Group plc | &nbsp;&nbsp;&nbsp; 4095744 | &nbsp;&nbsp;&nbsp;&nbsp; 12889071 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | 46129800 | &nbsp;&nbsp;&nbsp;&nbsp; 30021082 |
| &nbsp;&nbsp;&nbsp; London Stock Exchange Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 236062 | &nbsp;&nbsp;&nbsp;&nbsp; 21610294 |
| &nbsp;&nbsp;&nbsp; M&G plc | &nbsp;&nbsp;&nbsp; 1628453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4066772 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; Melrose Industries plc | 2780295 | 4902132 |
| &nbsp;&nbsp;&nbsp; National Grid plc | 2658147 | 33792779 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | 3469090 | 13234783 |
| &nbsp;&nbsp;&nbsp; Next plc | 88629 | 7256431 |
| &nbsp;&nbsp;&nbsp; Ocado Group plc \* | 498135 | 3986272 |
| &nbsp;&nbsp;&nbsp; Pearson plc | 518829 | 5916823 |
| &nbsp;&nbsp;&nbsp; Pepco Group NV \* (a) | 82515 | 800269 |
| &nbsp;&nbsp;&nbsp; Persimmon plc | 218967 | 3824326 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings plc | 583016 | 4620918 |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Group plc | 505085 | 35992833 |
| &nbsp;&nbsp;&nbsp; RELX plc | 1359425 | 40387074 |
| &nbsp;&nbsp;&nbsp; Rentokil Initial plc | &nbsp;&nbsp;&nbsp; 1720657 | &nbsp;&nbsp;&nbsp;&nbsp; 10433089 |
| &nbsp;&nbsp;&nbsp; Rightmove plc | &nbsp;&nbsp;&nbsp;&nbsp; 600410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4362515 |
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings plc \* | &nbsp;&nbsp;&nbsp; 5738054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7507298 |
| &nbsp;&nbsp;&nbsp; Sage Group plc (The) | &nbsp;&nbsp;&nbsp;&nbsp; 754864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7252487 |
| &nbsp;&nbsp;&nbsp; Schroders plc | &nbsp;&nbsp;&nbsp;&nbsp; 630108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3726326 |
| &nbsp;&nbsp;&nbsp; Segro plc, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 829321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8536701 |
| &nbsp;&nbsp;&nbsp; Severn Trent plc | &nbsp;&nbsp;&nbsp;&nbsp; 173714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6045407 |
| &nbsp;&nbsp;&nbsp; Smith & Nephew plc | &nbsp;&nbsp;&nbsp;&nbsp; 606795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8380046 |
| &nbsp;&nbsp;&nbsp; Smiths Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 243206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5191724 |
| &nbsp;&nbsp;&nbsp; Spirax-Sarco Engineering plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7211099 |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp;&nbsp;&nbsp; 718842 | &nbsp;&nbsp;&nbsp;&nbsp; 15343452 |
| &nbsp;&nbsp;&nbsp; St. James's Place plc | &nbsp;&nbsp;&nbsp;&nbsp; 373198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5659079 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp;&nbsp; 1667450 | &nbsp;&nbsp;&nbsp;&nbsp; 14005944 |
| &nbsp;&nbsp;&nbsp; Tate & Lyle plc | &nbsp;&nbsp;&nbsp;&nbsp; 275386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2564414 |
| &nbsp;&nbsp;&nbsp; Taylor Wimpey plc | &nbsp;&nbsp;&nbsp; 2502012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3630228 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp;&nbsp; 5078006 | &nbsp;&nbsp;&nbsp;&nbsp; 15434003 |
| &nbsp;&nbsp;&nbsp; Unilever plc | &nbsp;&nbsp;&nbsp; 1803001 | &nbsp;&nbsp;&nbsp;&nbsp; 91771167 |
| &nbsp;&nbsp;&nbsp; United Utilities Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 467585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6118386 |
| &nbsp;&nbsp;&nbsp; Vodafone Group plc | 18377698 | &nbsp;&nbsp;&nbsp;&nbsp; 21204450 |
| &nbsp;&nbsp;&nbsp; Weir Group plc (The) | &nbsp;&nbsp;&nbsp;&nbsp; 178017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3924213 |
| &nbsp;&nbsp;&nbsp; Whitbread plc | &nbsp;&nbsp;&nbsp;&nbsp; 138115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5201722 |
| &nbsp;&nbsp;&nbsp; Wise plc, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 322484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2161809 |
| &nbsp;&nbsp;&nbsp; WPP plc | &nbsp;&nbsp;&nbsp;&nbsp; 737235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8613662 |
|  |  | 1278707578 |
| **United States — 8.7%** | **United States — 8.7%** | **United States — 8.7%** |
| &nbsp;&nbsp;&nbsp; Ferguson plc | &nbsp;&nbsp;&nbsp;&nbsp; 143039 | &nbsp;&nbsp;&nbsp;&nbsp; 20153496 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp;&nbsp; 2748019 | &nbsp;&nbsp;&nbsp;&nbsp; 48269060 |
| &nbsp;&nbsp;&nbsp; Haleon plc \* | &nbsp;&nbsp;&nbsp; 3482909 | &nbsp;&nbsp;&nbsp;&nbsp; 13957355 |
| &nbsp;&nbsp;&nbsp; Holcim AG \* | &nbsp;&nbsp;&nbsp;&nbsp; 388572 | &nbsp;&nbsp;&nbsp;&nbsp; 23230672 |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp;&nbsp; 1885807 | &nbsp;&nbsp;&nbsp; 230085535 |
| &nbsp;&nbsp;&nbsp; QIAGEN NV \* | &nbsp;&nbsp;&nbsp;&nbsp; 158299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7722319 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp; 481774 | &nbsp;&nbsp;&nbsp; 150395584 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6699649 |
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | &nbsp;&nbsp;&nbsp;&nbsp; 391635 | &nbsp;&nbsp;&nbsp;&nbsp; 63529306 |
| &nbsp;&nbsp;&nbsp; Stellantis NV | &nbsp;&nbsp;&nbsp; 1483284 | &nbsp;&nbsp;&nbsp;&nbsp; 23318686 |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | &nbsp;&nbsp;&nbsp; <br> **VALUE($)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | 198113 | 20744609 |
| &nbsp;&nbsp;&nbsp; Tenaris SA | 315732 | 5595008 |
|  |  | &nbsp;&nbsp;&nbsp; 613701279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $7,298,269,520)<br>|  | 7017738473 |
| **Short-Term Investments — 0.8%** | **Short-Term Investments — 0.8%** | **Short-Term Investments — 0.8%** |
| **Investment of Cash Collateral from Securities Loaned — 0.8%** | **Investment of Cash Collateral from Securities Loaned — 0.8%** | **Investment of Cash Collateral from Securities Loaned — 0.8%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.57% (c) (d) | 45656597 | 45674860 |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 4.15% (c) (d) | 10131979 | 10131979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment of Cash Collateral from Securities Loaned <br>(Cost $55,794,975)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 55806839 |
| **Total Investments — 100.2%** <br>**(Cost $7,354,064,495)**<br>|  | **7073545312** |
| **Liabilities in Excess of Other Assets — (0.2)%** |  | **(12340211)** |
| **NET ASSETS — 100.0%** |  | **7061205101** |

---

&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** |  |
| CVA | Dutch Certification |
| OYJ | Public Limited Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| REIT | Real Estate Investment Trust |
| SCA | Limited partnership with share capital |
| SGPS | Holding company |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | 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 January 31, 2023. The total value of securities on loan at January 31, 2023 is <br> $51,054,907.<br>|
| (c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (d) | The rate shown is the current yield as of January 31, 2023. |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Pharmaceuticals | 11.5% |
| Banks | &nbsp;&nbsp; 8.4 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 6.0 |
| Insurance | &nbsp;&nbsp; 5.5 |
| Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; 4.9 |
| Food Products | &nbsp;&nbsp; 4.4 |
| Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 3.5 |
| Chemicals | &nbsp;&nbsp; 3.2 |
| Metals & Mining | &nbsp;&nbsp; 2.8 |
| Machinery | &nbsp;&nbsp; 2.7 |
| Capital Markets | &nbsp;&nbsp; 2.7 |
| Beverages | &nbsp;&nbsp; 2.6 |
| Personal Products | &nbsp;&nbsp; 2.6 |
| Electrical Equipment | &nbsp;&nbsp; 2.2 |
| Diversified Telecommunication Services | &nbsp;&nbsp; 2.1 |
| Aerospace & Defense | &nbsp;&nbsp; 2.1 |
| Electric Utilities | &nbsp;&nbsp; 2.1 |
| Health Care Equipment & Supplies | &nbsp;&nbsp; 2.0 |
| Automobiles | &nbsp;&nbsp; 1.9 |
| Professional Services | &nbsp;&nbsp; 1.7 |
| Software | &nbsp;&nbsp; 1.6 |
| Industrial Conglomerates | &nbsp;&nbsp; 1.4 |
| IT Services | &nbsp;&nbsp; 1.4 |
| Multi-Utilities | &nbsp;&nbsp; 1.3 |
| Hotels, Restaurants & Leisure | &nbsp;&nbsp; 1.2 |
| Internet & Direct Marketing Retail | &nbsp;&nbsp; 1.1 |
| Tobacco | &nbsp;&nbsp; 1.1 |
| Construction & Engineering | &nbsp;&nbsp; 1.1 |
| Building Products | &nbsp;&nbsp; 1.0 |
| Food & Staples Retailing | &nbsp;&nbsp; 1.0 |
| Others (each less than 1.0%) | 12.1 |
| Short-Term Investments | &nbsp;&nbsp; 0.8 |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| EURO STOXX 50 Index | 592 | 03/17/2023 | EUR | 26972974 | 1497217 |
| FTSE 100 Index | 148 | 03/17/2023 | GBP | 14177282 | &nbsp;&nbsp;&nbsp; 479201 |
|  |  |  |  |  | 1976418 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| EUR | Euro |

---

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

FTSE Financial Times and the London Stock Exchange <br> GBP British Pound

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

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

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

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

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

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

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

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 Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks | $| $| $| $|
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 128866476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 128866476 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35573353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35573353 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 106798240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 106798240 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4967377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4967377 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5083852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5083852 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64351552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64351552 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 294135582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 294135582 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; 2030350 | &nbsp;&nbsp;&nbsp;&nbsp; 141325615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 143355965 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1152241365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1152241365 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 848963312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 848963312 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31324711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31324711 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48922143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48922143 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241467543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241467543 |
| &nbsp;&nbsp;&nbsp; Jordan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576275 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18482705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18482705 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1283325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1283325 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883264 | &nbsp;&nbsp;&nbsp;&nbsp; 571799007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 572682271 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81318458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81318458 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27914436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27914436 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18390926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18390926 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 22902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22902 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21186219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21186219 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39561283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39561283 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8000438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8000438 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 268611337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 268611337 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293932 | &nbsp;&nbsp;&nbsp;&nbsp; 351873013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 352166945 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 607080625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 607080625 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 7749702 | &nbsp;&nbsp; 1270957876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1278707578 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 613701279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 613701279 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp; 10957248 | &nbsp;&nbsp; 7006758323 | &nbsp;&nbsp; 22902 | &nbsp;&nbsp; 7017738473 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities <br> Loaned<br>| &nbsp;&nbsp; 55806839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55806839 |
| **Total Investments in Securities** | $66764087 | $7006758323 | $22902 | $7073545312 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | $1976418 | $— | $— | $1976418 |

---

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

------

**JPMorgan BetaBuilders Europe ETF** <br>**SCHEDULE OF PORTFOLIO INVESTMENTS** <br>AS OF January 31, 2023 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** | **For the period ended January 31, 2023** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2022**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2023**<br>| **Shares at** <br>**January 31,** <br>**2023**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending <br> Money Market Fund Agency SL <br> Class Shares, 4.57% (a) (b)<br>| $35657896 | $50000000 | $40000000 | $13428 | $3536 | $45674860 | 45656597 | $433357 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government <br> Money Market Fund Class IM <br> Shares, 4.15% (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4769602 | &nbsp;&nbsp; 161233239 | &nbsp;&nbsp; 155870862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 10131979 | 10131979 | &nbsp;&nbsp; 188407 | &nbsp;&nbsp; — |
| **Total** | $40427498 | $211233239 | $195870862 | $13428 | $3536 | $55806839 |  | $621764 | $— |

---

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan BetaBuilders Europe ETF

- **b. EDGAR series identifier (if any):** S000061994

- **c. LEI of Series:** 549300JYD28ABFNSPC78

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7075003773.13

**Total Liabilities:** $56147855.14

**Net Assets:** $7018855917.99

**Cash Not Reported:** $17507824.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200805 | 13.85%               | -1.69%               | 8.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $29735967.11             | $408784816.52                              |
| Month 2  | $22455814.97             | $-82678357.79                              |
| Month 3  | $-906032.15              | $292878799.55                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SKF AB                                               | SKF AB, Class B                                                       | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |    255504 | NS      | $4521985.05   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                            | Partners Group Holding AG                                             | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |     15476 | NS      | $14521089.15  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                            | Orange SA                                                             | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |   1287360 | NS      | $13623817.63  | 0.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Telecom Italia SpA                                   | Telecom Italia SpA                                                    | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |   4108743 | NS      | $1147323.62   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sagax AB                                             | Sagax AB, Class B                                                     | CUSIP: N/A<br>LEI: 549300LJX28T6OM8DT95       | Long             | EC               | CORP              | SE        |    127955 | NS      | $3182880.29   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tate & Lyle plc                                      | Tate & Lyle plc                                                       | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |    273738 | NS      | $2549067.25   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian plc                                         | Experian plc                                                          | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |    660848 | NS      | $24166884.74  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Novozymes A/S                                        | Novozymes A/S, Class B                                                | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |    142504 | NS      | $7415415.68   | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| HAL Trust                                            | HAL Trust                                                             | CUSIP: N/A<br>LEI: 5493000O3IE3DNOY3R07       | Long             | EC               | CORP              | BM        |     60382 | NS      | $8316396.39   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                                 | Evonik Industries AG                                                  | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    139754 | NS      | $3106526.83   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeroports de Paris                                   | Aeroports de Paris                                                    | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |     18883 | NS      | $2929461.52   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Puma SE                                              | Puma SE                                                               | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |     69912 | NS      | $4774175.98   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution AB                                         | Evolution AB                                                          | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |    130490 | NS      | $14665921.81  | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BAWAG Group AG                                       | BAWAG Group AG                                                        | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     60704 | NS      | $3760300.95   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Getinge AB                                           | Getinge AB, Class B                                                   | CUSIP: N/A<br>LEI: 5493003PZ4F570G3W735       | Long             | EC               | CORP              | SE        |    148978 | NS      | $3356114.26   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinnevik AB                                          | Kinnevik AB, Class B                                                  | CUSIP: N/A<br>LEI: 2138006PZH76JOS6MN27       | Long             | EC               | CORP              | SE        |    165426 | NS      | $2557014.02   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG        | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     95496 | NS      | $34493876.92  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                            | Unibail-Rodamco-Westfield                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |     72831 | NS      | $4713277.83   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                    | CNH Industrial NV                                                     | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |    678914 | NS      | $12010907.68  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                              | Siemens Healthineers AG                                               | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |    192221 | NS      | $10308553.45  | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EVN AG                                               | EVN AG                                                                | CUSIP: N/A<br>LEI: 529900P4JZBFEVNEAE60       | Long             | EC               | CORP              | AT        |     25740 | NS      | $543128.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                          | Telenor ASA                                                           | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    438802 | NS      | $4593649.46   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grifols SA                                           | Grifols SA (Preference), Class B                                      | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |    178188 | NS      | $1623902.75   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                                           | Umicore SA                                                            | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    141074 | NS      | $5333228.86   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT AB                                               | EQT AB                                                                | CUSIP: N/A<br>LEI: 213800U7P9GOIRKCTB34       | Long             | EC               | CORP              | SE        |    226179 | NS      | $5103676.05   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                 | Infrastrutture Wireless Italiane SpA                                  | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |    242173 | NS      | $2653921.64   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Atlas Copco AB                                       | Atlas Copco AB, Class B                                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |   1063936 | NS      | $11221984.79  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Trelleborg AB                                        | Trelleborg AB, Class B                                                | CUSIP: N/A<br>LEI: 213800XY16PAWG2PAD14       | Long             | EC               | CORP              | SE        |    165351 | NS      | $4134515.33   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Indutrade AB                                         | Indutrade AB                                                          | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |    181289 | NS      | $4025928.47   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                   | Anglo American plc                                                    | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    911744 | NS      | $39323893.27  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta plc                                      | Antofagasta plc                                                       | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |    235190 | NS      | $5053426.87   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                         | ING Groep NV                                                          | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   2567880 | NS      | $37183574.79  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                           | Symrise AG                                                            | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |     90505 | NS      | $9621553.97   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                          | NN Group NV                                                           | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |    211299 | NS      | $9180535.08   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                               | RWE AG                                                                | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |    460940 | NS      | $20520540.05  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                           | Zalando SE                                                            | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |    152659 | NS      | $7119253.68   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                              | Vestas Wind Systems A/S                                               | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    688354 | NS      | $20142335.46  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TOMRA Systems ASA                                    | TOMRA Systems ASA                                                     | CUSIP: N/A<br>LEI: 549300J726JCFJU3VT89       | Long             | EC               | CORP              | NO        |    159410 | NS      | $2814120.66   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                       | Atlas Copco AB, Class A                                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |   1739364 | NS      | $20639404.16  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                             | Adyen NV                                                              | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |     21120 | NS      | $31931479.45  | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Weir Group plc (The)                                 | Weir Group plc (The)                                                  | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |    176953 | NS      | $3900758.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa plc                                          | Informa plc                                                           | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |   1024576 | NS      | $8474016.77   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Vienna Insurance Group AG Wiener Versicherung Gruppe | Vienna Insurance Group AG Wiener Versicherung Gruppe                  | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |     24422 | NS      | $664629.67    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Demant A/S                                           | Demant A/S                                                            | CUSIP: N/A<br>LEI: 213800RM6L9LN78BVA56       | Long             | EC               | CORP              | DK        |     65845 | NS      | $1863855.99   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijer Ref AB                                        | Beijer Ref AB                                                         | CUSIP: N/A<br>LEI: 549300PZZEUVH08H4G75       | Long             | EC               | CORP              | SE        |    168895 | NS      | $2605534.64   | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Amadeus IT Group SA                                  | Amadeus IT Group SA                                                   | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |    307082 | NS      | $19347379.84  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE Peet's NV                                        | JDE Peet's NV                                                         | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |     89095 | NS      | $2670440.22   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                             | Jeronimo Martins SGPS SA                                              | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |    188730 | NS      | $4097465.27   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd.                               | Julius Baer Group Ltd.                                                | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |    145735 | NS      | $9348079.13   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                         | Prysmian SpA                                                          | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |    182779 | NS      | $7464270.61   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma plc                                            | Halma plc                                                             | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |    258775 | NS      | $6889639.11   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                            | Danone SA                                                             | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    433041 | NS      | $23747660.09  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Solvay SA                                            | Solvay SA                                                             | CUSIP: N/A<br>LEI: 549300MMVL80RTBP3O28       | Long             | EC               | CORP              | BE        |     49805 | NS      | $5803849.36   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi                                               | Sanofi                                                                | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |    786200 | NS      | $76988222.74  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group plc                             | Howden Joinery Group plc                                              | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |    395757 | NS      | $3376908.47   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Next plc                                             | Next plc                                                              | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     88101 | NS      | $7213201.03   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                              | GSK plc                                                               | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   2731539 | NS      | $47979588.20  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings plc                          | Berkeley Group Holdings plc                                           | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |     76587 | NS      | $3921843.68   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Intermediate Capital Group plc                       | Intermediate Capital Group plc                                        | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |    200471 | NS      | $3449590.18   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastighets AB Balder                                 | Fastighets AB Balder, Class B                                         | CUSIP: N/A<br>LEI: 549300GHKJCEZOAEUU82       | Long             | EC               | CORP              | SE        |    430086 | NS      | $2215907.22   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                               | Koninklijke Philips NV                                                | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |    606183 | NS      | $10466021.97  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                          | Brenntag SE                                                           | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |    105304 | NS      | $7860739.05   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                         | British American Tobacco plc                                          | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |   1523782 | NS      | $58412390.14  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries plc                               | Melrose Industries plc                                                | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |   2763623 | NS      | $4872736.57   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                          | Swedbank AB, Class A                                                  | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    624999 | NS      | $12022748.34  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NMC Health plc                                       | NMC Health plc                                                        | CUSIP: N/A<br>LEI: 2138008YQEVWBE1V2M52       | Long             | EC               | CORP              | GB        |     23176 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Smurfit Kappa Group plc                              | Smurfit Kappa Group plc                                               | CUSIP: N/A<br>LEI: 635400CPLP8H5ITDVT56       | Long             | EC               | CORP              | IE        |    177372 | NS      | $7446879.69   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                            | adidas AG                                                             | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |    121779 | NS      | $19608396.30  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain plc                                           | Entain plc                                                            | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | IM        |    401384 | NS      | $7401804.66   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech                             | Sartorius Stedim Biotech                                              | CUSIP: N/A<br>LEI: 52990006IVXY7GCSSR39       | Long             | EC               | CORP              | FR        |     16330 | NS      | $5696366.98   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                         | Sartorius AG (Preference)                                             | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EC               | CORP              | DE        |     18377 | NS      | $8240469.53   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                              | Sika AG (Registered)                                                  | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               | CORP              | CH        |    104790 | NS      | $29775751.60  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitbread plc                                        | Whitbread plc                                                         | CUSIP: N/A<br>LEI: 21380099VMZKRMN3EX36       | Long             | EC               | CORP              | GB        |    137291 | NS      | $5170687.96   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                   | Deutsche Boerse AG                                                    | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |    129516 | NS      | $23175891.30  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group plc                                    | Compass Group plc                                                     | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |   1216992 | NS      | $29071532.53  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group plc                                   | Vodafone Group plc                                                    | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |  18267490 | NS      | $21077290.73  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso Outotec OYJ                                    | Metso Outotec OYJ                                                     | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |    480292 | NS      | $5519935.46   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| D'ieteren Group                                      | D'ieteren Group                                                       | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |     15462 | NS      | $2955026.04   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                               | AP Moller - Maersk A/S, Class B                                       | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |      3770 | NS      | $8200854.07   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                               | Mercedes-Benz Group AG                                                | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |    532333 | NS      | $39611978.28  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa OYJ                                            | Elisa OYJ                                                             | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |    102647 | NS      | $5848121.85   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | EURO STOXX 50 Index                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       592 | NC      | $1497216.43   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                                  | EssilorLuxottica SA                                                   | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |    207373 | NS      | $38048660.67  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Neste OYJ                                            | Neste OYJ                                                             | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |    293611 | NS      | $14035281.81  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Schibsted ASA                                        | Schibsted ASA, Class B                                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |     68120 | NS      | $1424043.03   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                             | Svenska Handelsbanken AB, Class A                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |   1047246 | NS      | $10920705.13  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                            | Argenx SE                                                             | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |     35345 | NS      | $13462431.48  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Coloplast A/S                                        | Coloplast A/S, Class B                                                | CUSIP: N/A<br>LEI: 529900NN7SOJ5QG82X67       | Long             | EC               | CORP              | DK        |     80977 | NS      | $9776716.24   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kongsberg Gruppen ASA                                | Kongsberg Gruppen ASA                                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     60439 | NS      | $2406180.72   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Groupe Bruxelles Lambert NV                          | Groupe Bruxelles Lambert NV                                           | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |     68833 | NS      | $5888332.17   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                          | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |  10266986 | NS      | $23601668.06  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Bank Slaski SA                                   | ING Bank Slaski SA                                                    | CUSIP: N/A<br>LEI: 259400YLRTOBISHBVX41       | Long             | EC               | CORP              | PL        |     22137 | NS      | $883808.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                             | Lloyds Banking Group plc                                              | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  45853160 | NS      | $29841045.74  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                        | Akzo Nobel NV                                                         | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |    123784 | NS      | $9220052.56   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                     | Delivery Hero SE                                                      | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |    131541 | NS      | $7952556.46   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                       | BNP Paribas SA                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    774056 | NS      | $53163613.53  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                                    | Sonova Holding AG (Registered)                                        | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |     35011 | NS      | $8755263.60   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                            | Argenx SE                                                             | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      2357 | NS      | $883263.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Strabag SE                                           | Strabag SE                                                            | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               | CORP              | AT        |      9784 | NS      | $413436.68    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                              | SSAB AB, Class A                                                      | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    151356 | NS      | $1081837.56   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                        | Industria de Diseno Textil SA                                         | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |    764791 | NS      | $23877400.79  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Legal & General Group plc                            | Legal & General Group plc                                             | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |   4071184 | NS      | $12811781.78  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa AB SCA                             | Svenska Cellulosa AB SCA, Class B                                     | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |    408628 | NS      | $5674350.38   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain                                  | Cie de Saint-Gobain                                                   | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |    351554 | NS      | $20190152.35  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                                          | Pandora A/S                                                           | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |     65094 | NS      | $5420437.19   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                                            | Kering SA                                                             | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |     49334 | NS      | $30782289.38  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                     | Deutsche Post AG (Registered)                                         | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    675674 | NS      | $29092282.51  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                     | Terna - Rete Elettrica Nazionale                                      | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |    959047 | NS      | $7587846.90   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                                | Swiss Life Holding AG (Registered)                                    | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |     21015 | NS      | $12437681.22  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                             | Ipsen SA                                                              | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |     27429 | NS      | $2881005.85   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG               | Chocoladefabriken Lindt & Spruengli AG                                | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |       699 | NS      | $7676923.06   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA                                             | Ageas SA                                                              | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |    121573 | NS      | $5935435.13   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion OYJ                                            | Orion OYJ, Class B                                                    | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |     72872 | NS      | $3904089.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                            | Essity AB, Class A                                                    | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     19208 | NS      | $502119.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                            | Thales SA                                                             | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |     72737 | NS      | $9620144.29   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG (Registered)                                             | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |   2402507 | NS      | $51282453.21  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                           | Hexagon AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |   1450573 | NS      | $16628652.37  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                              | SSAB AB, Class B                                                      | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    430315 | NS      | $2932454.58   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove plc                                        | Rightmove plc                                                         | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |    596810 | NS      | $4336357.83   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent plc                                     | Severn Trent plc                                                      | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |    172674 | NS      | $6009213.84   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                              | Eni SpA                                                               | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |   1704105 | NS      | $26223168.50  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                             | Vinci SA                                                              | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |    366853 | NS      | $41450566.29  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa AB SCA                             | Svenska Cellulosa AB SCA, Class A                                     | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |     20972 | NS      | $291999.62    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UnipolSai Assicurazioni SpA                          | UnipolSai Assicurazioni SpA                                           | CUSIP: N/A<br>LEI: 815600E31C4E7006AB54       | Long             | EC               | CORP              | IT        |    287683 | NS      | $765241.50    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                                   | Publicis Groupe SA                                                    | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |    160914 | NS      | $11350814.82  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Polski Koncern Naftowy ORLEN SA                      | Polski Koncern Naftowy ORLEN SA                                       | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |    364004 | NS      | $5467204.40   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                  | LVMH Moet Hennessy Louis Vuitton SE                                   | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |    178369 | NS      | $155711759.40 | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ocado Group plc                                      | Ocado Group plc                                                       | CUSIP: N/A<br>LEI: 213800LO8F61YB8MBC74       | Long             | EC               | CORP              | GB        |    495151 | NS      | $3962393.33   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance                                      | Teleperformance                                                       | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |     40291 | NS      | $11200373.22  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                             | RELX plc                                                              | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |   1351273 | NS      | $40144886.26  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                       | Prudential plc                                                        | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |   1874015 | NS      | $31136893.93  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                         | Glencore plc                                                          | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |   8252200 | NS      | $55264059.22  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                            | Mapfre SA                                                             | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |    671727 | NS      | $1351141.30   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                     | Raiffeisen Bank International AG                                      | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     91922 | NS      | $1653875.25   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                                 | Schindler Holding AG                                                  | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |     27755 | NS      | $5915627.76   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                                   | Koninklijke KPN NV                                                    | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |   2223511 | NS      | $7601841.16   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Grifols SA                                           | Grifols SA                                                            | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |    200417 | NS      | $2653130.97   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                             | Bayer AG (Registered)                                                 | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |    669651 | NS      | $41682383.61  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International plc                              | Croda International plc                                               | CUSIP: N/A<br>LEI: 2138004WCNBFJEEOXV26       | Long             | EC               | CORP              | GB        |     97153 | NS      | $8281008.63   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Lifco AB                                             | Lifco AB, Class B                                                     | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               | CORP              | SE        |    144451 | NS      | $2653615.18   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                            | Airbus SE                                                             | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |    419066 | NS      | $52536577.18  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                           | Bank Polska Kasa Opieki SA                                            | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    119861 | NS      | $2561342.38   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| St. James's Place plc                                | St. James's Place plc                                                 | CUSIP: N/A<br>LEI: 213800M993ICXOMBCP87       | Long             | EC               | CORP              | GB        |    370958 | NS      | $5625111.99   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                               | AXA SA                                                                | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |   1353779 | NS      | $42236585.55  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                     | Powszechny Zaklad Ubezpieczen SA                                      | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    388478 | NS      | $3302056.63   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                | Schneider Electric SE                                                 | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |    389283 | NS      | $63147774.57  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                               | OMV AG                                                                | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     98155 | NS      | $4916606.72   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon NV                                             | Aegon NV                                                              | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | NL        |    963353 | NS      | $5313654.75   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| M&G plc                                              | M&G plc                                                               | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |   1618685 | NS      | $4042378.63   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                                           | Getlink SE                                                            | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |    273668 | NS      | $4628757.35   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International                                 | Hermes International                                                  | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |     23748 | NS      | $44444589.95  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                      | Telefonaktiebolaget LM Ericsson, Class B                              | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |   2094236 | NS      | $12147541.56  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Alstom SA                                            | Alstom SA                                                             | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               | CORP              | FR        |    210289 | NS      | $6252980.44   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                            | Amundi SA                                                             | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |     41679 | NS      | $2728724.22   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                    | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |  11447596 | NS      | $40008654.21  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                             | Enel SpA                                                              | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   5266751 | NS      | $31011262.70  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                           | Eiffage SA                                                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     53434 | NS      | $5707315.56   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoStore Holdings Ltd.                              | AutoStore Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 549300KYN3M0LSM5A413       | Long             | EC               | CORP              | BM        |    677729 | NS      | $1565068.10   | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Air Liquide SA                                       | Air Liquide SA                                                        | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |    356764 | NS      | $56806146.86  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| A2A SpA                                              | A2A SpA                                                               | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | EC               | CORP              | IT        |   1067739 | NS      | $1607463.72   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands plc                                  | Imperial Brands plc                                                   | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    654092 | NS      | $16408715.31  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Baloise Holding AG                                   | Baloise Holding AG (Registered)                                       | CUSIP: N/A<br>LEI: 529900G5XKBZN48T6283       | Long             | EC               | CORP              | CH        |     31208 | NS      | $5132871.50   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| abrdn plc                                            | abrdn plc                                                             | CUSIP: N/A<br>LEI: 0TMBS544NMO7GLCE7H90       | Long             | EC               | CORP              | GB        |   1486450 | NS      | $3915064.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Storebrand ASA                                       | Storebrand ASA                                                        | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |    321720 | NS      | $2800755.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                            | Gjensidige Forsikring ASA                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |    129516 | NS      | $2327850.20   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                                    | Wolters Kluwer NV                                                     | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |    175524 | NS      | $19136151.35  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mediobanca Banca di Credito Finanziario SpA          | Mediobanca Banca di Credito Finanziario SpA                           | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |    433619 | NS      | $4661380.64   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Electrolux AB                                        | Electrolux AB, Class B                                                | CUSIP: N/A<br>LEI: 549300Y3HHZB1ZGFPJ93       | Long             | EC               | CORP              | SE        |    153348 | NS      | $2171999.50   | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| GEA Group AG                                         | GEA Group AG                                                          | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |    111948 | NS      | $5051083.64   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica SpA       | Recordati Industria Chimica e Farmaceutica SpA                        | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |     68430 | NS      | $2997815.44   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Castellum AB                                         | Castellum AB                                                          | CUSIP: N/A<br>LEI: 549300GU5OHTR1T5IY68       | Long             | EC               | CORP              | SE        |    195590 | NS      | $2683703.65   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SKF AB                                               | SKF AB, Class A                                                       | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |      9280 | NS      | $164167.69    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Alfa Laval AB                                        | Alfa Laval AB                                                         | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |    200298 | NS      | $6294490.83   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurofins Scientific SE                               | Eurofins Scientific SE                                                | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | EC               | CORP              | LU        |     87924 | NS      | $6306770.05   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco plc                                            | Tesco plc                                                             | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |   5047550 | NS      | $15341435.91  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                         | Iberdrola SA                                                          | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |   3946310 | NS      | $46297207.10  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                          | Cie Financiere Richemont SA (Registered)                              | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    355805 | NS      | $54849948.45  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Carl Zeiss Meditec AG                                | Carl Zeiss Meditec AG                                                 | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               | CORP              | DE        |     25022 | NS      | $3611132.21   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                          | Randstad NV                                                           | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     85261 | NS      | $5465091.53   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB                                    | Industrivarden AB, Class C                                            | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |    116629 | NS      | $3072552.67   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Leroy Seafood Group ASA                              | Leroy Seafood Group ASA                                               | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ2JK50       | Long             | EC               | CORP              | NO        |    190866 | NS      | $1123995.31   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Davide Campari-Milano NV                             | Davide Campari-Milano NV                                              | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | NL        |    364227 | NS      | $3907091.21   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                       | Commerzbank AG                                                        | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |    717068 | NS      | $8197119.83   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                             | Snam SpA                                                              | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |   1397432 | NS      | $7117862.23   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                         | 3i Group plc                                                          | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |    663408 | NS      | $12942924.43  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                          | Moncler SpA                                                           | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |    141780 | NS      | $8873673.95   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                               | BP plc                                                                | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |  12461329 | NS      | $75269601.34  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Associated British Foods plc                         | Associated British Foods plc                                          | CUSIP: N/A<br>LEI: GBQKSY6W7G0OHCQ8OQ72       | Long             | EC               | CORP              | GB        |    242831 | NS      | $5574238.94   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Orkla ASA                                            | Orkla ASA                                                             | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    511954 | NS      | $3822103.88   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Amplifon SpA                                         | Amplifon SpA                                                          | CUSIP: N/A<br>LEI: ZYXJDNVM2JI3VBM8G556       | Long             | EC               | CORP              | IT        |     63274 | NS      | $1747200.39   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                          | Aena SME SA                                                           | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |     50098 | NS      | $7527170.82   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mediclinic International plc                         | Mediclinic International plc                                          | CUSIP: N/A<br>LEI: 2138002S5BSBIZTD5I60       | Long             | EC               | CORP              | GB        |    276383 | NS      | $1691020.10   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP - Energias de Portugal SA                        | EDP - Energias de Portugal SA                                         | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               | CORP              | PT        |   2000309 | NS      | $9938052.25   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                                 | ASM International NV                                                  | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     31630 | NS      | $10697450.83  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hera SpA                                             | Hera SpA                                                              | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |    538122 | NS      | $1545819.15   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd.                                          | Hiscox Ltd.                                                           | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |    241183 | NS      | $3356823.28   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                           | Legrand SA                                                            | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |    181869 | NS      | $16216184.41  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co. AB                                         | Telia Co. AB                                                          | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |   1672567 | NS      | $4319643.12   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                            | Sodexo SA                                                             | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |     57287 | NS      | $5679021.50   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BioMerieux                                           | BioMerieux                                                            | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |     33434 | NS      | $3408460.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group plc                                   | Intertek Group plc                                                    | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |    110011 | NS      | $5912767.44   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexi SpA                                             | Nexi SpA                                                              | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |    581131 | NS      | $5118219.86   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fresnillo plc                                        | Fresnillo plc                                                         | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |    125578 | NS      | $1275604.69   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                          | Investor AB, Class A                                                  | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |    382418 | NS      | $7632523.64   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                            | Gecina SA                                                             | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |     37059 | NS      | $4389627.44   | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Societe Generale SA                                  | Societe Generale SA                                                   | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |    538751 | NS      | $16036777.86  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker ASA                                             | Aker ASA, Class A                                                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ10071       | Long             | EC               | CORP              | NO        |     16207 | NS      | $1171881.22   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                             | ABB Ltd. (Registered)                                                 | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |   1165139 | NS      | $40565086.51  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group plc                      | London Stock Exchange Group plc                                       | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |    234646 | NS      | $21480666.73  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                                      | BAE Systems plc                                                       | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   2198078 | NS      | $23268969.19  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                      | Danske Bank A/S                                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |    464275 | NS      | $9672511.85   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Pirelli & C SpA                                      | Pirelli & C SpA                                                       | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |    272660 | NS      | $1365123.83   | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Huhtamaki OYJ                                        | Huhtamaki OYJ                                                         | CUSIP: N/A<br>LEI: 5493007050SJVMXN6L29       | Long             | EC               | CORP              | FI        |     65367 | NS      | $2444913.43   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                          | Investor AB, Class B                                                  | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |   1241898 | NS      | $24132548.56  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                        | Koninklijke Ahold Delhaize NV                                         | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |    712808 | NS      | $21275158.89  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Wohnen SE                                   | Deutsche Wohnen SE                                                    | CUSIP: N/A<br>LEI: 529900QE24Q67I3FWZ10       | Long             | EC               | CORP              | DE        |     35534 | NS      | $839290.18    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia OYJ                                            | Nokia OYJ                                                             | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |   3688620 | NS      | $17489650.85  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Group Holdings plc                           | Phoenix Group Holdings plc                                            | CUSIP: N/A<br>LEI: 2138001P49OLAEU33T68       | Long             | EC               | CORP              | GB        |    579520 | NS      | $4593209.23   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis SA                                    | EDP Renovaveis SA                                                     | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        |    144051 | NS      | $3133266.35   | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Swisscom AG                                          | Swisscom AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |     17301 | NS      | $10222399.09  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                      | ASML Holding NV                                                       | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    277067 | NS      | $183320693.25 | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group plc                                   | Burberry Group plc                                                    | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |    275968 | NS      | $8406241.84   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group plc (The)                                 | Sage Group plc (The)                                                  | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |    750336 | NS      | $7208983.34   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DS Smith plc                                         | DS Smith plc                                                          | CUSIP: N/A<br>LEI: 39RSBE4RCI4M15BLWH36       | Long             | EC               | CORP              | GB        |    938905 | NS      | $4110443.44   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                                         | Leonardo SpA                                                          | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |    275859 | NS      | $2840834.05   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                               | AP Moller - Maersk A/S, Class A                                       | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |      2032 | NS      | $4330089.55   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Rentokil Initial plc                                 | Rentokil Initial plc                                                  | CUSIP: N/A<br>LEI: 549300VN4WV7Z6T14K68       | Long             | EC               | CORP              | GB        |   1710337 | NS      | $10370514.55  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Investment AB Latour                                 | Investment AB Latour, Class B                                         | CUSIP: N/A<br>LEI: 5493006GFBLNB3Y0Y789       | Long             | EC               | CORP              | SE        |     92842 | NS      | $1958866.52   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuehne + Nagel International AG                      | Kuehne + Nagel International AG (Registered)                          | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |     38682 | NS      | $9223979.49   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Saab AB                                              | Saab AB, Class B                                                      | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |     55431 | NS      | $2269261.79   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                          | Reckitt Benckiser Group plc                                           | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |    502053 | NS      | $35776770.03  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH plc                                              | CRH plc                                                               | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    523619 | NS      | $24464808.48  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                          | Bayerische Motoren Werke AG (Preference)                              | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     40481 | NS      | $3835124.03   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group plc                                   | Kingspan Group plc                                                    | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |    105270 | NS      | $6770550.97   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                   | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |  11649034 | NS      | $30628452.80  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                                 | KGHM Polska Miedz SA                                                  | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     92704 | NS      | $3030782.95   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group plc                           | United Utilities Group plc                                            | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |    464785 | NS      | $6081747.62   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| STMicroelectronics NV                                | STMicroelectronics NV                                                 | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |    447229 | NS      | $21059268.41  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Flutter Entertainment plc                            | Flutter Entertainment plc                                             | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |    104330 | NS      | $16205895.09  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                                     | Elia Group SA/NV                                                      | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |     24529 | NS      | $3444321.69   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                               | SAP SE                                                                | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |    745274 | NS      | $88344797.08  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo plc                                           | Diageo plc                                                            | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |   1589156 | NS      | $69487611.07  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke DSM NV                                   | Koninklijke DSM NV                                                    | CUSIP: N/A<br>LEI: 724500SNT1MK246AHP04       | Long             | EC               | CORP              | NL        |    119143 | NS      | $15322026.77  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                                 | Dassault Systemes SE                                                  | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |    472496 | NS      | $17572547.30  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG                                | Deutsche Lufthansa AG (Registered)                                    | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |    407436 | NS      | $4316666.64   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                            | Talanx AG                                                             | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |     36223 | NS      | $1791979.65   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                        | Allegro.eu SA                                                         | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | LU        |    287490 | NS      | $2001088.42   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WPP plc                                              | WPP plc                                                               | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |    732811 | NS      | $8561973.27   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                        | Stellantis NV                                                         | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |   1474388 | NS      | $23178831.78  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Ackermans & van Haaren NV                            | Ackermans & van Haaren NV                                             | CUSIP: N/A<br>LEI: 5493005E2GHATS0Z6J59       | Long             | EC               | CORP              | BE        |     15288 | NS      | $2645659.65   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Assicurazioni Generali SpA                           | Assicurazioni Generali SpA                                            | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |    822045 | NS      | $16047393.22  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Axfood AB                                            | Axfood AB                                                             | CUSIP: N/A<br>LEI: 549300QIXCZWZLHE8L05       | Long             | EC               | CORP              | SE        |     73909 | NS      | $1903581.95   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                                     | Wartsila OYJ Abp                                                      | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |    330730 | NS      | $3145575.74   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                            | Epiroc AB, Class B                                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |    265809 | NS      | $4431694.19   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                                 | Banca Mediolanum SpA                                                  | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |    146858 | NS      | $1405051.22   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Harbour Energy plc                                   | Harbour Energy plc                                                    | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |    370453 | NS      | $1432841.83   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey plc                                  | Johnson Matthey plc                                                   | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |    135599 | NS      | $3787657.61   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Barry Callebaut AG                                   | Barry Callebaut AG (Registered)                                       | CUSIP: N/A<br>LEI: 213800Y5RWKLDPUTT265       | Long             | EC               | CORP              | CH        |      2435 | NS      | $5087525.72   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                             | Daimler Truck Holding AG                                              | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |    353389 | NS      | $11875154.38  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG (The)                                | Swatch Group AG (The)                                                 | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |     19750 | NS      | $7150854.80   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Azelis Group NV                                      | Azelis Group NV                                                       | CUSIP: N/A<br>LEI: 699400M9RRMTV264FM70       | Long             | EC               | CORP              | BE        |     47638 | NS      | $1286525.92   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Acciona SA                                           | Acciona SA                                                            | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |     16832 | NS      | $3283924.39   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                               | LPP SA                                                                | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |       698 | NS      | $1634989.82   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                  | Erste Group Bank AG                                                   | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |    243154 | NS      | $9226268.58   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia SpA                                   | Telecom Italia SpA                                                    | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |   6878494 | NS      | $1980378.55   | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Haleon plc                                           | Haleon plc                                                            | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |   3462021 | NS      | $13873649.00  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                         | Unilever plc                                                          | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   1792185 | NS      | $91220641.98  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                                         | Securitas AB, Class B                                                 | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |    342674 | NS      | $3136686.67   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                     | Skandinaviska Enskilda Banken AB, Class C                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |      9522 | NS      | $128021.08    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners plc                   | Coca-Cola Europacific Partners plc                                    | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |    137022 | NS      | $7703376.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                           | Vonovia SE                                                            | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |    542475 | NS      | $15323779.46  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                      | Norsk Hydro ASA                                                       | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    930796 | NS      | $7546754.58   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                     | Novo Nordisk A/S, Class B                                             | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   1116520 | NS      | $154515065.48 | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                            | Holcim AG                                                             | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    386244 | NS      | $23091493.48  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Nibe Industrier AB                                   | Nibe Industrier AB, Class B                                           | CUSIP: N/A<br>LEI: 549300ZQH0FIF1P0MX67       | Long             | EC               | CORP              | SE        |   1045159 | NS      | $11292175.38  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Holmen AB                                            | Holmen AB, Class B                                                    | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |     63154 | NS      | $2604824.98   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                            | QIAGEN NV                                                             | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |    157347 | NS      | $7675877.48   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| British Land Co. plc (The)                           | British Land Co. plc (The)                                            | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |    639346 | NS      | $3499062.37   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Schroders plc                                        | Schroders plc                                                         | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |    626332 | NS      | $3703995.99   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                    | National Grid plc                                                     | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   2642203 | NS      | $33590084.09  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Direct Line Insurance Group plc                      | Direct Line Insurance Group plc                                       | CUSIP: N/A<br>LEI: 213800FF2R23ALJQOP04       | Long             | EC               | CORP              | GB        |    893882 | NS      | $1959967.12   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                     | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    478886 | NS      | $149494035.39 | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                           | Allianz SE (Registered)                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |    278419 | NS      | $66573844.85  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Deutschland Holding AG                    | Telefonica Deutschland Holding AG                                     | CUSIP: N/A<br>LEI: 391200ECRPJ3SWQJUM30       | Long             | EC               | CORP              | DE        |    628541 | NS      | $1851287.89   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred                                              | Edenred                                                               | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |    170121 | NS      | $9266400.49   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Evraz plc                                            | Evraz plc                                                             | CUSIP: N/A<br>LEI: 5493005B7DAN39RXLK23       | Long             | EC               | CORP              | GB        |    453755 | NS      | $22902.32     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aker BP ASA                                          | Aker BP ASA                                                           | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |    211091 | NS      | $6430203.64   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                            | Epiroc AB, Class A                                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |    426747 | NS      | $8303119.26   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hargreaves Lansdown plc                              | Hargreaves Lansdown plc                                               | CUSIP: N/A<br>LEI: 2138008ZCE93ZDSESG90       | Long             | EC               | CORP              | GB        |    239242 | NS      | $2633869.84   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kesko OYJ                                            | Kesko OYJ, Class A                                                    | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |     64028 | NS      | $1479170.87   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                                           | Vivendi SE                                                            | CUSIP: N/A<br>LEI: 969500FU4DRAEVJW7U54       | Long             | EC               | CORP              | FR        |    551610 | NS      | $5924168.12   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                   | Credit Agricole SA                                                    | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    933261 | NS      | $11237621.82  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Chr Hansen Holding A/S                               | Chr Hansen Holding A/S                                                | CUSIP: N/A<br>LEI: 549300MKPW8ZF3E8MW37       | Long             | EC               | CORP              | DK        |     70105 | NS      | $5176198.06   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                        | Assa Abloy AB, Class B                                                | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    676010 | NS      | $15924267.24  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA          | Powszechna Kasa Oszczednosci Bank Polski SA                           | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |    587900 | NS      | $4384855.18   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| voestalpine AG                                       | voestalpine AG                                                        | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |     75459 | NS      | $2507244.57   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                     | Skandinaviska Enskilda Banken AB, Class A                             | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |   1160213 | NS      | $14045318.17  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vantage Towers AG                                    | Vantage Towers AG                                                     | CUSIP: N/A<br>LEI: 213800BBQO965UPQ7J59       | Long             | EC               | CORP              | DE        |     61930 | NS      | $2264426.99   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                              | E.ON SE                                                               | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |   1530344 | NS      | $16685199.43  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion plc                                | JD Sports Fashion plc                                                 | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |   1687661 | NS      | $3401686.45   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sagax AB                                             | Sagax AB, Class D                                                     | CUSIP: N/A<br>LEI: 549300LJX28T6OM8DT95       | Long             | EC               | CORP              | SE        |     67577 | NS      | $181467.86    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                            | Shell plc                                                             | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   4846600 | NS      | $142285467.64 | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Var Energi ASA                                       | Var Energi ASA                                                        | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |    270582 | NS      | $823077.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Credit Suisse Group AG                               | Credit Suisse Group AG (Registered)                                   | CUSIP: N/A<br>LEI: 549300506SI9CRFV9Z86       | Long             | EC               | CORP              | CH        |   2206913 | NS      | $7602553.73   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                  | Heineken Holding NV                                                   | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |     74601 | NS      | $6159498.64   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kesko OYJ                                            | Kesko OYJ, Class B                                                    | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |    186167 | NS      | $4336479.15   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TUI AG                                               | TUI AG                                                                | CUSIP: N/A<br>LEI: 529900SL2WSPV293B552       | Long             | EC               | CORP              | DE        |         4 | NS      | $8.37         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                     | Roche Holding AG                                                      | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     18191 | NS      | $6658652.34   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                             | Mowi ASA                                                              | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |    310183 | NS      | $5735801.78   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Etablissements Franz Colruyt NV                      | Etablissements Franz Colruyt NV                                       | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |     38273 | NS      | $1012081.78   | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Banco Bilbao Vizcaya Argentaria SA                   | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |   4110324 | NS      | $29034397.75  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Veolia Environnement SA                              | Veolia Environnement SA                                               | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |    448870 | NS      | $13323569.85  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro plc                                            | Segro plc                                                             | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    824345 | NS      | $8485480.34   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | FTSE 100 Index                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |       148 | NC      | $479201.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC plc                                              | DCC plc                                                               | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |     69071 | NS      | $3934144.38   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                              | BASF SE                                                               | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |    626062 | NS      | $35895547.33  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordnet AB publ                                      | Nordnet AB publ                                                       | CUSIP: N/A<br>LEI: 549300D6WW5ZTWLZ4C08       | Long             | EC               | CORP              | SE        |    110755 | NS      | $1800270.97   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SA                                         | Ferrovial SA                                                          | CUSIP: N/A<br>LEI: 95980020140005757903       | Long             | EC               | CORP              | ES        |    340023 | NS      | $10033483.35  | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                 | Henkel AG & Co. KGaA                                                  | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     67297 | NS      | $4496668.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                         | Carrefour SA                                                          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    399636 | NS      | $7601463.99   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Proximus SADP                                        | Proximus SADP                                                         | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |    105989 | NS      | $1086082.15   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                           | Genmab A/S                                                            | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |     44874 | NS      | $17585975.64  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ITV plc                                              | ITV plc                                                               | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |   2469456 | NS      | $2472995.44   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                             | Infineon Technologies AG                                              | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |    890151 | NS      | $32054734.56  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi Unicem SpA                                     | Buzzi Unicem SpA                                                      | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     64327 | NS      | $1448526.56   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                                           | Geberit AG (Registered)                                               | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |     24444 | NS      | $13908205.46  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                               | Warehouses De Pauw CVA                                                | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |    105676 | NS      | $3351186.88   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ConvaTec Group plc                                   | ConvaTec Group plc                                                    | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |   1100603 | NS      | $3192267.64   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Straumann Holding AG                                 | Straumann Holding AG (Registered)                                     | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |     79347 | NS      | $10389459.39  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                            | Zurich Insurance Group AG                                             | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |    102552 | NS      | $50714931.14  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Worldline SA                                         | Worldline SA                                                          | CUSIP: N/A<br>LEI: 549300CJMQNCA0U4TS33       | Long             | EC               | CORP              | FR        |    170730 | NS      | $7745320.56   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                         | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |   1378399 | NS      | $26921693.29  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                           | Tenaris SA                                                            | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |    313836 | NS      | $5561409.76   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals plc                           | Dechra Pharmaceuticals plc                                            | CUSIP: N/A<br>LEI: 213800J4UVB5OWG8VX82       | Long             | EC               | CORP              | GB        |     77577 | NS      | $2751359.27   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |   1657450 | NS      | $13921947.43  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury plc                                      | J Sainsbury plc                                                       | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |   1198780 | NS      | $3887742.72   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA                                            | Endesa SA                                                             | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |    216498 | NS      | $4316260.87   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Persimmon plc                                        | Persimmon plc                                                         | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |    217655 | NS      | $3801411.81   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sofina SA                                            | Sofina SA                                                             | CUSIP: N/A<br>LEI: 5493000GMVR38VUO5D39       | Long             | EC               | CORP              | BE        |     10737 | NS      | $2550812.15   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                             | Universal Music Group NV                                              | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    519172 | NS      | $13271270.37  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ArcelorMittal SA                                                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |    388917 | NS      | $12065343.85  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| easyJet plc                                          | easyJet plc                                                           | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |    387509 | NS      | $2360547.05   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                           | Siemens AG (Registered)                                               | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    509851 | NS      | $79641416.67  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG (The)                                | Swatch Group AG (The) (Registered)                                    | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |     37453 | NS      | $2460950.09   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane SpA                                   | Poste Italiane SpA                                                    | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |    311598 | NS      | $3329123.04   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA         | Cie Generale des Etablissements Michelin SCA                          | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |    483821 | NS      | $15298333.04  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                           | Sandvik AB                                                            | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |    743876 | NS      | $15374172.01  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA       | ACS Actividades de Construccion y Servicios SA                        | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |    153480 | NS      | $4542044.12   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Red Electrica Corp. SA                               | Red Electrica Corp. SA                                                | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |    295044 | NS      | $5221955.32   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                      | AstraZeneca plc                                                       | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |   1056171 | NS      | $138371652.72 | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group plc                                     | Smiths Group plc                                                      | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |    241750 | NS      | $5160642.56   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                        | Volkswagen AG (Preference)                                            | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |    125088 | NS      | $17348545.41  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                                           | ANDRITZ AG                                                            | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |     48845 | NS      | $2921005.13   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Bank Polska SA                             | Santander Bank Polska SA                                              | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |     22980 | NS      | $1527759.54   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                        | Beiersdorf AG                                                         | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |     66981 | NS      | $8143393.80   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                       | Dino Polska SA                                                        | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |     32705 | NS      | $2962900.06   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Adevinta ASA                                         | Adevinta ASA                                                          | CUSIP: N/A<br>LEI: 529900W8V3YLHRSZH763       | Long             | EC               | CORP              | NO        |    182754 | NS      | $1566720.07   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted A/S                                           | Orsted A/S                                                            | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |    128941 | NS      | $11482460.78  | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Galp Energia SGPS SA                                 | Galp Energia SGPS SA                                                  | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |    310138 | NS      | $4245184.21   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                        | Rio Tinto plc                                                         | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    723150 | NS      | $56623559.75  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                            | Safran SA                                                             | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |    238797 | NS      | $34337926.35  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group plc                                    | Ashtead Group plc                                                     | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |    306265 | NS      | $20173311.72  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                         | Centrica plc                                                          | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   4026713 | NS      | $5016492.32   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                          | Equinor ASA                                                           | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    714292 | NS      | $21769237.05  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group plc                                      | Kerry Group plc, Class A                                              | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |    106154 | NS      | $9946637.87   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                             | Svenska Handelsbanken AB, Class B                                     | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |     23703 | NS      | $297949.84    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Banco BPM SpA                                        | Banco BPM SpA                                                         | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |   1032799 | NS      | $4648416.38   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                               | Yara International ASA                                                | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |    111127 | NS      | $4937519.52   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Covestro AG                                          | Covestro AG                                                           | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               | CORP              | DE        |    131685 | NS      | $6063372.83   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Volvo AB                                             | Volvo AB, Class B                                                     | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |   1082756 | NS      | $21485691.08  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                              | Fresenius SE & Co. KGaA                                               | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |    280255 | NS      | $8122035.13   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                           | Skanska AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300UINV5RINHGMG07       | Long             | EC               | CORP              | SE        |    272822 | NS      | $4815335.81   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                        | Carlsberg A/S, Class B                                                | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |     67096 | NS      | $9525061.16   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                     | TotalEnergies SE                                                      | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |   1678174 | NS      | $103746050.45 | 1.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Naturgy Energy Group SA                              | Naturgy Energy Group SA                                               | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |    125580 | NS      | $3561728.19   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone OYJ                                             | Kone OYJ, Class B                                                     | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |    274921 | NS      | $14993121.26  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                             | Engie SA                                                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |   1261568 | NS      | $17914104.22  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Salmar ASA                                           | Salmar ASA                                                            | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |     41089 | NS      | $1910624.62   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                                       | Lonza Group AG (Registered)                                           | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |     50755 | NS      | $28952761.82  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group plc                                         | BT Group plc                                                          | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |   4756218 | NS      | $7327878.24   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica SA                                        | Telefonica SA                                                         | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |   3936591 | NS      | $14955186.96  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                          | Bayerische Motoren Werke AG                                           | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |    217479 | NS      | $22153433.01  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                            | Nestle SA (Registered)                                                | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |   1874495 | NS      | $228705368.56 | 3.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group plc                                    | Admiral Group plc                                                     | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |    186220 | NS      | $5062454.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                               | SGS SA (Registered)                                                   | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      4136 | NS      | $10086190.33  | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                              | DSV A/S                                                               | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |    130798 | NS      | $21637930.01  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                         | KBC Group NV                                                          | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |    230179 | NS      | $17048741.14  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Austria AG                                   | Telekom Austria AG                                                    | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |     94352 | NS      | $634204.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepco Group NV                                       | Pepco Group NV                                                        | CUSIP: N/A<br>LEI: 213800OVMJPFP79OB449       | Long             | EC               | CORP              | NL        |     82019 | NS      | $795458.81    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                     | Coca-Cola HBC AG                                                      | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |    138909 | NS      | $3375682.19   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                           | Boliden AB                                                            | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |    186441 | NS      | $8366916.15   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikma Pharmaceuticals plc                            | Hikma Pharmaceuticals plc                                             | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |    121058 | NS      | $2560874.67   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA                                 | Dassault Aviation SA                                                  | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |     15934 | NS      | $2720943.55   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew plc                                   | Smith & Nephew plc                                                    | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |    603155 | NS      | $8329776.71   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                             | Volvo AB, Class A                                                     | CUSIP: 928856202<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    130420 | NS      | $2709309.16   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion OYJ                                            | Orion OYJ, Class A                                                    | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |     20291 | NS      | $1089547.22   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene OYJ                                      | UPM-Kymmene OYJ                                                       | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |    363804 | NS      | $13186524.63  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                      | Nordea Bank Abp                                                       | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |   2251227 | NS      | $26317715.78  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl plc                                            | Bunzl plc                                                             | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |    230138 | NS      | $8448648.30   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson plc                                          | Pearson plc                                                           | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |    515717 | NS      | $5881333.11   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon, Inc.                                          | Alcon, Inc.                                                           | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |    340614 | NS      | $25702242.79  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                   | Cellnex Telecom SA                                                    | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    388957 | NS      | $15242450.30  | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Corp. ACCIONA Energias Renovables SA                 | Corp. ACCIONA Energias Renovables SA                                  | CUSIP: N/A<br>LEI: 254900UPX0OEHTKB9Y44       | Long             | EC               | CORP              | ES        |     38193 | NS      | $1561868.15   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                          | Heineken NV                                                           | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |    160967 | NS      | $16086861.84  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                             | Tele2 AB, Class B                                                     | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    374629 | NS      | $3235493.67   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HeidelbergCement AG                                  | HeidelbergCement AG                                                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     98705 | NS      | $6772883.50   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Embracer Group AB                                    | Embracer Group AB                                                     | CUSIP: N/A<br>LEI: 549300RFXXKT652HB549       | Long             | EC               | CORP              | SE        |    568736 | NS      | $2650951.06   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Husqvarna AB                                         | Husqvarna AB, Class B                                                 | CUSIP: N/A<br>LEI: 549300GYQIIJ3UXB7655       | Long             | EC               | CORP              | SE        |    282836 | NS      | $2406337.43   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso OYJ                                       | Stora Enso OYJ, Class A                                               | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        |     34554 | NS      | $539063.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Givaudan SA                                          | Givaudan SA (Registered)                                              | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |      5411 | NS      | $17543713.06  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                          | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |   2966963 | NS      | $13164296.47  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Schibsted ASA                                        | Schibsted ASA, Class A                                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |     50552 | NS      | $1103997.94   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                  | Deutsche Telekom AG (Registered)                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   2379245 | NS      | $53006709.75  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                          | Novartis AG (Registered)                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |   1638460 | NS      | $148131662.77 | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                            | Prosus NV                                                             | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |    792194 | NS      | $63965912.79  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedish Orphan Biovitrum AB                          | Swedish Orphan Biovitrum AB                                           | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |    137253 | NS      | $3060821.15   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DiaSorin SpA                                         | DiaSorin SpA                                                          | CUSIP: N/A<br>LEI: 8156002878BDF0EE4348       | Long             | EC               | CORP              | IT        |     17914 | NS      | $2332040.01   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Developments plc                             | Barratt Developments plc                                              | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |    684548 | NS      | $3890788.14   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                                    | Bureau Veritas SA                                                     | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |    197329 | NS      | $5641924.94   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                            | Essity AB, Class B                                                    | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |    410750 | NS      | $10730494.37  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                           | Anheuser-Busch InBev SA/NV                                            | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |    674947 | NS      | $40740988.99  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg A/S                                             | Tryg A/S                                                              | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |    245426 | NS      | $5632061.06   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso OYJ                                       | Stora Enso OYJ, Class R                                               | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        |    417427 | NS      | $5967276.19   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                    | Siemens Energy AG                                                     | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    272409 | NS      | $5695749.78   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB                                    | Industrivarden AB, Class A                                            | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |    124439 | NS      | $3296432.59   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortum OYJ                                           | Fortum OYJ                                                            | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |    296695 | NS      | $4459990.19   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                          | FinecoBank Banca Fineco SpA                                           | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |    415884 | NS      | $7465891.24   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                         | Capgemini SE                                                          | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |    106939 | NS      | $20295477.63  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                      | Telefonaktiebolaget LM Ericsson, Class A                              | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     36964 | NS      | $239654.75    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| B&M European Value Retail SA                         | B&M European Value Retail SA                                          | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | EC               | CORP              | LU        |    580466 | NS      | $3210160.92   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi plc                                            | Mondi plc                                                             | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |    330977 | NS      | $6241516.23   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |  13610836 | NS      | $100289394.22 | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                                 | Schindler Holding AG (Registered)                                     | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |     14180 | NS      | $2868456.81   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| L E Lundbergforetagen AB                             | L E Lundbergforetagen AB, Class B                                     | CUSIP: N/A<br>LEI: 529900BPSFZS6O3A9R04       | Long             | EC               | CORP              | SE        |     43510 | NS      | $2014828.94   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax-Sarco Engineering plc                         | Spirax-Sarco Engineering plc                                          | CUSIP: N/A<br>LEI: 213800WFVZQMHOZP2W17       | Long             | EC               | CORP              | GB        |     50179 | NS      | $7167674.99   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo Car AB                                         | Volvo Car AB, Class B                                                 | CUSIP: N/A<br>LEI: 5299000EAMGGBEYP7J33       | Long             | EC               | CORP              | SE        |    365575 | NS      | $1824036.54   | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Porsche Automobil Holding SE                         | Porsche Automobil Holding SE (Preference)                             | CUSIP: N/A<br>LEI: 52990053Z17ZYM1KFV27       | Long             | EC               | CORP              | DE        |    104380 | NS      | $6241578.29   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                               | UCB SA                                                                | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |     86178 | NS      | $7075608.49   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                           | L'Oreal SA                                                            | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |    171956 | NS      | $71002635.74  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise plc                                             | Wise plc, Class A                                                     | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |    320548 | NS      | $2148830.92   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                                           | Bollore SE                                                            | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |    623431 | NS      | $3488331.72   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group plc                                | Auto Trader Group plc                                                 | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    660505 | NS      | $5124518.41   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Continental AG                                       | Continental AG                                                        | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |     73609 | NS      | $5168470.43   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo OYJ                                            | Sampo OYJ, Class A                                                    | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |    337920 | NS      | $17740631.59  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher plc                                       | Kingfisher plc                                                        | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |   1332113 | NS      | $4595682.70   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues SA                                          | Bouygues SA                                                           | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |    143406 | NS      | $4724359.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| 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        |  45665062 | NS      | $45665061.65  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Land Securities Group plc                            | Land Securities Group plc                                             | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |    512117 | NS      | $4486561.73   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund           | JPMorgan U.S. Government Money Market Fund, Share Class IM            | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  10131979 | NS      | $10131979.19  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |   3448290 | NS      | $13155429.58  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                            | Repsol SA                                                             | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    990007 | NS      | $16262686.84  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                          | Swiss Re AG                                                           | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |    196929 | NS      | $20620631.47  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                           | Ferrari NV                                                            | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |     87245 | NS      | $21801140.18  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                              | SSE plc                                                               | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    714530 | NS      | $15251413.55  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Verbund AG                                           | Verbund AG                                                            | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               | CORP              | AT        |     22054 | NS      | $1877747.45   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group plc                    | InterContinental Hotels Group plc                                     | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |    127945 | NS      | $8882406.24   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                             | Rolls-Royce Holdings plc                                              | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |   5703646 | NS      | $7462280.88   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hannover Rueck SE                                    | Hannover Rueck SE                                                     | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |     41101 | NS      | $8346320.09   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| H & M Hennes & Mauritz AB                            | H & M Hennes & Mauritz AB, Class B                                    | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |    487865 | NS      | $6008688.46   | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| DNB Bank ASA                                         | DNB Bank ASA                                                          | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    612927 | NS      | $11461468.97  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson plc                                         | Ferguson plc                                                          | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | JE        |    142183 | NS      | $20032889.52  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                                  | MTU Aero Engines AG                                                   | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |     36415 | NS      | $9100564.87   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                     | Pernod Ricard SA                                                      | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |    138906 | NS      | $28757716.89  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                           | Merck KGaA                                                            | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |     88087 | NS      | $18386250.78  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey plc                                    | Taylor Wimpey plc                                                     | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |   2487004 | NS      | $3608452.69   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva plc                                            | Aviva plc                                                             | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |   1910458 | NS      | $10774702.28  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG (Registered)                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |   1408770 | NS      | $18801050.78  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                 | Henkel AG & Co. KGaA (Preference)                                     | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |    121449 | NS      | $8659352.30   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG               | Chocoladefabriken Lindt & Spruengli AG (Registered)                   | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |        72 | NS      | $8104276.32   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EMS-Chemie Holding AG                                | EMS-Chemie Holding AG (Registered)                                    | CUSIP: N/A<br>LEI: 529900G1XFTGSE0DIX60       | Long             | EC               | CORP              | CH        |      4614 | NS      | $3439648.52   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer