# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-001797
**Filing Date:** 2026-1
**Character Count:** 73149
**Document Hash:** 9f8ccb576ee4221daeda25d27177d5b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-001797.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002071691-26-001797

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 26571311

**BUSINESS ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (800) 480-4111

**MAIL ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### JPMorgan BetaBuilders MSCI US REIT ETF (Series ID: S000061996)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000200807 | JPMorgan BetaBuilders MSCI US REIT ETF | BBRE            |

## Nport-Ex

**JPMorgan BetaBuilders MSCI US REIT ETF**

**Schedule of Portfolio Investments as of November 30, 2025**

**(Unaudited)** 

---

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

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.5%** | **Common Stocks — 99.5%** | **Common Stocks — 99.5%** |
| **Apartments — 15.2%** | **Apartments — 15.2%** | **Apartments — 15.2%** |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 297982 | &nbsp;&nbsp;&nbsp;&nbsp; 9571182 |
| &nbsp;&nbsp;&nbsp; Apartment Investment and Management Co., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 194936 | &nbsp;&nbsp;&nbsp;&nbsp; 1113085 |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 123587 | &nbsp;&nbsp;&nbsp;&nbsp; 22485419 |
| &nbsp;&nbsp;&nbsp; Camden Property Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 94923 | &nbsp;&nbsp;&nbsp;&nbsp; 10094112 |
| &nbsp;&nbsp;&nbsp; Centerspace, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 20563 | &nbsp;&nbsp;&nbsp;&nbsp; 1372786 |
| &nbsp;&nbsp;&nbsp; Elme Communities, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 105606 | &nbsp;&nbsp;&nbsp;&nbsp; 1833320 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 165613 | &nbsp;&nbsp;&nbsp;&nbsp; 10412089 |
| &nbsp;&nbsp;&nbsp; Equity Residential, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 304809 | &nbsp;&nbsp;&nbsp;&nbsp; 18821956 |
| &nbsp;&nbsp;&nbsp; Essex Property Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 57524 | &nbsp;&nbsp;&nbsp;&nbsp; 15164477 |
| &nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 225674 | &nbsp;&nbsp;&nbsp;&nbsp; 3870309 |
| &nbsp;&nbsp;&nbsp; Invitation Homes, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 519121 | &nbsp;&nbsp;&nbsp;&nbsp; 14639212 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 105121 | &nbsp;&nbsp;&nbsp;&nbsp; 14284893 |
| &nbsp;&nbsp;&nbsp; NexPoint Residential Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 32708 | &nbsp;&nbsp;&nbsp;&nbsp; 1040441 |
| &nbsp;&nbsp;&nbsp; Sun Communities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 112091 | &nbsp;&nbsp;&nbsp;&nbsp; 14441804 |
| &nbsp;&nbsp;&nbsp; UDR, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 292301 | &nbsp;&nbsp;&nbsp;&nbsp; 10645602 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 149790687 |
| **Diversified — 15.1%** | **Diversified — 15.1%** | **Diversified — 15.1%** |
| &nbsp;&nbsp;&nbsp; Alexander & Baldwin, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 89738 | &nbsp;&nbsp;&nbsp;&nbsp; 1402605 |
| &nbsp;&nbsp;&nbsp; American Assets Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 66465 | &nbsp;&nbsp;&nbsp;&nbsp; 1296068 |
| &nbsp;&nbsp;&nbsp; Armada Hoffler Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 122884 | &nbsp;&nbsp;&nbsp;&nbsp; 807348 |
| &nbsp;&nbsp;&nbsp; Broadstone Net Lease, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 181615 | &nbsp;&nbsp;&nbsp;&nbsp; 3190976 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 248854 | &nbsp;&nbsp;&nbsp;&nbsp; 39846502 |
| &nbsp;&nbsp;&nbsp; EPR Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 76356 | &nbsp;&nbsp;&nbsp;&nbsp; 3991128 |
| &nbsp;&nbsp;&nbsp; Equinix, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 53468 | &nbsp;&nbsp;&nbsp;&nbsp; 40277979 |
| &nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 240673 | &nbsp;&nbsp;&nbsp;&nbsp; 10476496 |
| &nbsp;&nbsp;&nbsp; Gladstone Commercial Corp., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 67021 | &nbsp;&nbsp;&nbsp;&nbsp; 741252 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 233269 | &nbsp;&nbsp;&nbsp;&nbsp; 1915138 |
| &nbsp;&nbsp;&nbsp; InvenTrust Properties Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 83367 | &nbsp;&nbsp;&nbsp;&nbsp; 2379294 |
| &nbsp;&nbsp;&nbsp; Millrose Properties, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 16931 | &nbsp;&nbsp;&nbsp;&nbsp; 515718 |
| &nbsp;&nbsp;&nbsp; Safehold, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 66708 | &nbsp;&nbsp;&nbsp;&nbsp; 925240 |
| &nbsp;&nbsp;&nbsp; UMH Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 73811 | &nbsp;&nbsp;&nbsp;&nbsp; 1116760 |
| &nbsp;&nbsp;&nbsp; Veris Residential, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 97411 | &nbsp;&nbsp;&nbsp;&nbsp; 1467010 |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 880048 | &nbsp;&nbsp;&nbsp;&nbsp; 25362983 |
| &nbsp;&nbsp;&nbsp; WP Carey, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 194229 | &nbsp;&nbsp;&nbsp;&nbsp; 13085208 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 148797705 |
| **Health Care — 20.2%** | **Health Care — 20.2%** | **Health Care — 20.2%** |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 144945 | &nbsp;&nbsp;&nbsp;&nbsp; 7779198 |
| &nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 85798 | &nbsp;&nbsp;&nbsp;&nbsp; 4356822 |
| &nbsp;&nbsp;&nbsp; CareTrust REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 130766 | &nbsp;&nbsp;&nbsp;&nbsp; 4907648 |
| &nbsp;&nbsp;&nbsp; Diversified Healthcare Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 244168 | &nbsp;&nbsp;&nbsp;&nbsp; 1179331 |
| &nbsp;&nbsp;&nbsp; Healthcare Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 338865 | &nbsp;&nbsp;&nbsp;&nbsp; 6177509 |
| &nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 637562 | &nbsp;&nbsp;&nbsp;&nbsp; 11641900 |
| &nbsp;&nbsp;&nbsp; LTC Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 48804 | &nbsp;&nbsp;&nbsp;&nbsp; 1780858 |
| &nbsp;&nbsp;&nbsp; Medical Properties Trust, Inc., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 628480 | &nbsp;&nbsp;&nbsp;&nbsp; 3620045 |
| &nbsp;&nbsp;&nbsp; National Health Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 45231 | &nbsp;&nbsp;&nbsp;&nbsp; 3594960 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 222031 | &nbsp;&nbsp;&nbsp;&nbsp; 10195664 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 233286 | &nbsp;&nbsp;&nbsp;&nbsp; 4551410 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Health Care — continued** | **Health Care — continued** | **Health Care — continued** |
| &nbsp;&nbsp;&nbsp; Sila Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 21074 | &nbsp;&nbsp;&nbsp;&nbsp; 504090 |
| &nbsp;&nbsp;&nbsp; Ventas, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 366384 | &nbsp;&nbsp;&nbsp;&nbsp; 29541542 |
| &nbsp;&nbsp;&nbsp; Welltower, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 522072 | &nbsp;&nbsp;&nbsp;&nbsp; 108705832 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 198536809 |
| **Hotels — 3.2%** | **Hotels — 3.2%** | **Hotels — 3.2%** |
| &nbsp;&nbsp;&nbsp; Apple Hospitality REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 227095 | &nbsp;&nbsp;&nbsp;&nbsp; 2700160 |
| &nbsp;&nbsp;&nbsp; DiamondRock Hospitality Co., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 240445 | &nbsp;&nbsp;&nbsp;&nbsp; 2190454 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 629959 | &nbsp;&nbsp;&nbsp;&nbsp; 11106177 |
| &nbsp;&nbsp;&nbsp; Park Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 237397 | &nbsp;&nbsp;&nbsp;&nbsp; 2568636 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 154528 | &nbsp;&nbsp;&nbsp;&nbsp; 1752348 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 196325 | &nbsp;&nbsp;&nbsp;&nbsp; 1480290 |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 51517 | &nbsp;&nbsp;&nbsp;&nbsp; 4916267 |
| &nbsp;&nbsp;&nbsp; Summit Hotel Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 169636 | &nbsp;&nbsp;&nbsp;&nbsp; 909249 |
| &nbsp;&nbsp;&nbsp; Sunstone Hotel Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 232168 | &nbsp;&nbsp;&nbsp;&nbsp; 2173092 |
| &nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 133906 | &nbsp;&nbsp;&nbsp;&nbsp; 1872006 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31668679 |
| **Industrial — 13.8%** | **Industrial — 13.8%** | **Industrial — 13.8%** |
| &nbsp;&nbsp;&nbsp; Americold Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 265729 | &nbsp;&nbsp;&nbsp;&nbsp; 2877845 |
| &nbsp;&nbsp;&nbsp; EastGroup Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 41679 | &nbsp;&nbsp;&nbsp;&nbsp; 7551401 |
| &nbsp;&nbsp;&nbsp; First Industrial Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 126915 | &nbsp;&nbsp;&nbsp;&nbsp; 7264615 |
| &nbsp;&nbsp;&nbsp; Innovative Industrial Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 31575 | &nbsp;&nbsp;&nbsp;&nbsp; 1561384 |
| &nbsp;&nbsp;&nbsp; Lineage, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 11527 | &nbsp;&nbsp;&nbsp;&nbsp; 412897 |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 59336 | &nbsp;&nbsp;&nbsp;&nbsp; 2877796 |
| &nbsp;&nbsp;&nbsp; Plymouth Industrial REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 61750 | &nbsp;&nbsp;&nbsp;&nbsp; 1354795 |
| &nbsp;&nbsp;&nbsp; Prologis, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 720867 | &nbsp;&nbsp;&nbsp;&nbsp; 92653035 |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 175303 | &nbsp;&nbsp;&nbsp;&nbsp; 7294358 |
| &nbsp;&nbsp;&nbsp; STAG Industrial, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 173203 | &nbsp;&nbsp;&nbsp;&nbsp; 6803414 |
| &nbsp;&nbsp;&nbsp; Terreno Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 75372 | &nbsp;&nbsp;&nbsp;&nbsp; 4732608 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 135384148 |
| **Office — 4.6%** | **Office — 4.6%** | **Office — 4.6%** |
| &nbsp;&nbsp;&nbsp; Brandywine Realty Trust, REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 253805 | &nbsp;&nbsp;&nbsp;&nbsp; 870551 |
| &nbsp;&nbsp;&nbsp; BXP, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 139843 | &nbsp;&nbsp;&nbsp;&nbsp; 10119039 |
| &nbsp;&nbsp;&nbsp; COPT Defense Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 116411 | &nbsp;&nbsp;&nbsp;&nbsp; 3577310 |
| &nbsp;&nbsp;&nbsp; Cousins Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 151888 | &nbsp;&nbsp;&nbsp;&nbsp; 3915673 |
| &nbsp;&nbsp;&nbsp; Douglas Emmett, Inc., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 186619 | &nbsp;&nbsp;&nbsp;&nbsp; 2274886 |
| &nbsp;&nbsp;&nbsp; Easterly Government Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 48007 | &nbsp;&nbsp;&nbsp;&nbsp; 1046553 |
| &nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 174506 | &nbsp;&nbsp;&nbsp;&nbsp; 1226777 |
| &nbsp;&nbsp;&nbsp; Highwoods Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 109710 | &nbsp;&nbsp;&nbsp;&nbsp; 3049938 |
| &nbsp;&nbsp;&nbsp; Hudson Pacific Properties, Inc., REIT \* | &nbsp;&nbsp;&nbsp;&nbsp; 178610 | &nbsp;&nbsp;&nbsp;&nbsp; 353648 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 115857 | &nbsp;&nbsp;&nbsp;&nbsp; 2112073 |
| &nbsp;&nbsp;&nbsp; Kilroy Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 106290 | &nbsp;&nbsp;&nbsp;&nbsp; 4558778 |
| &nbsp;&nbsp;&nbsp; Paramount Group, Inc., REIT \* | &nbsp;&nbsp;&nbsp;&nbsp; 241078 | &nbsp;&nbsp;&nbsp;&nbsp; 1588704 |
| &nbsp;&nbsp;&nbsp; Piedmont Realty Trust, Inc., Class A, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 164828 | &nbsp;&nbsp;&nbsp;&nbsp; 1440597 |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 65881 | &nbsp;&nbsp;&nbsp;&nbsp; 3104971 |
| &nbsp;&nbsp;&nbsp; Vornado Realty Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 158791 | &nbsp;&nbsp;&nbsp;&nbsp; 5846685 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45086183 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Regional Malls — 5.4%** | **Regional Malls — 5.4%** | **Regional Malls — 5.4%** |
| &nbsp;&nbsp;&nbsp; CBL & Associates Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 26765 | &nbsp;&nbsp;&nbsp;&nbsp; 894486 |
| &nbsp;&nbsp;&nbsp; Macerich Co. (The), REIT | &nbsp;&nbsp;&nbsp;&nbsp; 247610 | &nbsp;&nbsp;&nbsp;&nbsp; 4298510 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 236560 | &nbsp;&nbsp;&nbsp;&nbsp; 44075859 |
| &nbsp;&nbsp;&nbsp; Tanger, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 107562 | &nbsp;&nbsp;&nbsp;&nbsp; 3611932 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 52880787 |
| **Shopping Centers — 6.0%** | **Shopping Centers — 6.0%** | **Shopping Centers — 6.0%** |
| &nbsp;&nbsp;&nbsp; Acadia Realty Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 106665 | &nbsp;&nbsp;&nbsp;&nbsp; 2194099 |
| &nbsp;&nbsp;&nbsp; Alexander's, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 4121 | &nbsp;&nbsp;&nbsp;&nbsp; 873364 |
| &nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 286309 | &nbsp;&nbsp;&nbsp;&nbsp; 7484117 |
| &nbsp;&nbsp;&nbsp; Curbline Properties Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 104075 | &nbsp;&nbsp;&nbsp;&nbsp; 2491555 |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 69916 | &nbsp;&nbsp;&nbsp;&nbsp; 6902807 |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 613456 | &nbsp;&nbsp;&nbsp;&nbsp; 12674001 |
| &nbsp;&nbsp;&nbsp; Kite Realty Group Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 215846 | &nbsp;&nbsp;&nbsp;&nbsp; 4994676 |
| &nbsp;&nbsp;&nbsp; NETSTREIT Corp., REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 75644 | &nbsp;&nbsp;&nbsp;&nbsp; 1386555 |
| &nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 117533 | &nbsp;&nbsp;&nbsp;&nbsp; 4172421 |
| &nbsp;&nbsp;&nbsp; Regency Centers Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 156188 | &nbsp;&nbsp;&nbsp;&nbsp; 11114338 |
| &nbsp;&nbsp;&nbsp; Saul Centers, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 25481 | &nbsp;&nbsp;&nbsp;&nbsp; 792459 |
| &nbsp;&nbsp;&nbsp; Urban Edge Properties, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 127627 | &nbsp;&nbsp;&nbsp;&nbsp; 2452991 |
| &nbsp;&nbsp;&nbsp; Whitestone, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 76647 | &nbsp;&nbsp;&nbsp;&nbsp; 1018639 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 58552022 |
| **Single Tenant — 6.4%** | **Single Tenant — 6.4%** | **Single Tenant — 6.4%** |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 85636 | &nbsp;&nbsp;&nbsp;&nbsp; 6441540 |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 142154 | &nbsp;&nbsp;&nbsp;&nbsp; 4500596 |
| &nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 91908 | &nbsp;&nbsp;&nbsp;&nbsp; 2209468 |
| &nbsp;&nbsp;&nbsp; Getty Realty Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 50447 | &nbsp;&nbsp;&nbsp;&nbsp; 1436226 |
| &nbsp;&nbsp;&nbsp; NNN REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 171279 | &nbsp;&nbsp;&nbsp;&nbsp; 7082387 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 722109 | &nbsp;&nbsp;&nbsp;&nbsp; 41600699 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 63270916 |
| **Storage — 9.6%** | **Storage — 9.6%** | **Storage — 9.6%** |
| &nbsp;&nbsp;&nbsp; CubeSmart, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 212007 | &nbsp;&nbsp;&nbsp;&nbsp; 7893021 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 183256 | &nbsp;&nbsp;&nbsp;&nbsp; 24404201 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 254650 | &nbsp;&nbsp;&nbsp;&nbsp; 21989027 |
| &nbsp;&nbsp;&nbsp; National Storage Affiliates Trust, REIT (a) | &nbsp;&nbsp;&nbsp;&nbsp; 89698 | &nbsp;&nbsp;&nbsp;&nbsp; 2641606 |
| &nbsp;&nbsp;&nbsp; Public Storage, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 133903 | &nbsp;&nbsp;&nbsp;&nbsp; 36761730 |
| &nbsp;&nbsp;&nbsp; Smartstop Self Storage REIT, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp; 13138 | &nbsp;&nbsp;&nbsp;&nbsp; 429350 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 94118935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,050,792,150)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 978086871 |
| **Short-Term Investments — 1.2%** | **Short-Term Investments — 1.2%** | **Short-Term Investments — 1.2%** |
| **Investment Companies — 0.4%** | **Investment Companies — 0.4%** | **Investment Companies — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.95% (b) (c) <br>(Cost $3,946,070)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3946070 | &nbsp;&nbsp;&nbsp;&nbsp; 3946070 |

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Short-Term Investments — continued** | **Short-Term Investments — continued** | **Short-Term Investments — continued** |
| **Investment of Cash Collateral from Securities Loaned — 0.8%** | **Investment of Cash Collateral from Securities Loaned — 0.8%** | **Investment of Cash Collateral from Securities Loaned — 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.05% (b) (c) <br>(Cost $8,444,866)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8444866 | &nbsp;&nbsp;&nbsp;&nbsp; 8444866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,390,936)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 12390936 |
| **Total Investments — 100.7%** <br>**(Cost $1,063,183,086)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **990477807** |
| **Liabilities in Excess of Other Assets — (0.7)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(7115091)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **983362716** |

---

&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** |  |
| REIT | Real Estate Investment Trust |

---

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

\* Non-income producing security. 

(a) The security or a portion of this security is on loan at November 30, 2025. The total value of securities on loan at November 30, 2025 is $8,187,626.

(b) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. 

(c) The rate shown is the current yield as of November 30, 2025.

**Futures contracts outstanding as of November 30, 2025:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| DJ US Real Estate Index | &nbsp;&nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 4818180 | &nbsp;&nbsp;&nbsp;&nbsp; 39279 |

---

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

---

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

---

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited) (continued)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Total Investments in Securities** (a) | &nbsp;&nbsp;&nbsp;&nbsp; $990477807 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $990477807 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts (a) | &nbsp;&nbsp;&nbsp;&nbsp; $39279 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $39279 |

---

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

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

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

------

**JPMorgan BetaBuilders MSCI US REIT ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF November 30, 2025 (Unaudited) (continued)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** | **For the period ended November 30, 2025** |
| **Security Description** | **Value at** <br>**February 28,** <br>**2025**<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>**November 30,** <br>**2025**<br>| **Shares at** <br>**November 30,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money <br> Market Fund Agency SL <br> Class Shares, 4.05% (a) (b)<br>| $7996508 | $53296029 | $52847671 | $— | $— | $8444866 | 8444866 | $221055 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money <br> Market Fund Class IM Shares, <br> 3.95% (a) (b)<br>| 4960676 | 40651578 | 41666184 |  |  | 3946070 | 3946070 | 169300 |  |
| **Total** | $12957184 | $93947607 | $94513855 | $— | $— | $12390936 |  | $390355 | $— |

---

&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 November 30, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

- **a. Name of Series:** JPMorgan BetaBuilders MSCI US REIT ETF

- **b. EDGAR series identifier (if any):** S000061996

- **c. LEI of Series:** 549300UDD0DL9T2E4I67

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $994282013.62

**Total Liabilities:** $8526701.57

**Net Assets:** $985755312.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200807 | 1.03%                | -1.99%               | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1290312.52             | $4169487.05                                |
| Month 2  | $-307530.02              | $-20433366.79                              |
| Month 3  | $-5764149.73             | $25839761.73                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acadia Realty Trust                           | Acadia Realty Trust                                                   | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |    106924 | NS      | $2199426.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                            | Agree Realty Corp.                                                    | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85844 | NS      | $6457185.68   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                     | Alexander & Baldwin, Inc.                                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89956 | NS      | $1406012.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's, Inc.                             | Alexander's, Inc.                                                     | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      4131 | NS      | $875482.83    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.         | Alexandria Real Estate Equities, Inc.                                 | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |    145298 | NS      | $7798143.66   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                   | American Assets Trust, Inc.                                           | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66627 | NS      | $1299226.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                         | American Homes 4 Rent, Class A                                        | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    298707 | NS      | $9594468.84   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust, Inc.                  | Americold Realty Trust, Inc.                                          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    266375 | NS      | $2884841.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co.       | Apartment Investment and Management Co., Class A                      | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |    195410 | NS      | $1115791.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                  | Apple Hospitality REIT, Inc.                                          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    227647 | NS      | $2706722.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties, Inc.               | Armada Hoffler Properties, Inc.                                       | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    123183 | NS      | $809312.31    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                   | AvalonBay Communities, Inc.                                           | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    123888 | NS      | $22540182.72  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                     | BXP, Inc.                                                             | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    140183 | NS      | $10143641.88  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                       | Brandywine Realty Trust                                               | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    254422 | NS      | $872667.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Brixmor Property Group, Inc.                  | Brixmor Property Group, Inc.                                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    287006 | NS      | $7502336.84   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                    | Broadstone Net Lease, Inc.                                            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    182057 | NS      | $3198741.49   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties, Inc.             | CBL & Associates Properties, Inc.                                     | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |     26830 | NS      | $896658.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                         | Camden Property Trust                                                 | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     95154 | NS      | $10118676.36  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                          | CareTrust REIT, Inc.                                                  | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    131084 | NS      | $4919582.52   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust, Inc.                       | Sila Realty Trust, Inc.                                               | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |     21125 | NS      | $505310.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                   | Centerspace                                                           | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     20613 | NS      | $1376123.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                       | COPT Defense Properties                                               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    116694 | NS      | $3586006.62   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                      | Cousins Properties, Inc.                                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    152258 | NS      | $3925211.24   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                     | CubeSmart                                                             | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212523 | NS      | $7912231.29   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                     | Curbline Properties Corp.                                             | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    104328 | NS      | $2497612.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                   | DiamondRock Hospitality Co.                                           | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    241030 | NS      | $2195783.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                    | Digital Realty Trust, Inc.                                            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    249459 | NS      | $39943375.08  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                  | Diversified Healthcare Trust                                          | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244762 | NS      | $1182200.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett, Inc.                          | Douglas Emmett, Inc.                                                  | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187073 | NS      | $2280419.87   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| EPR Properties                                | EPR Properties                                                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     76542 | NS      | $4000850.34   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties, Inc.          | Easterly Government Properties, Inc.                                  | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     48124 | NS      | $1049103.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                    | EastGroup Properties, Inc.                                            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     41780 | NS      | $7569700.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust, Inc.               | Empire State Realty Trust, Inc., Class A                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    174931 | NS      | $1229764.93   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                 | Equinix, Inc.                                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     53598 | NS      | $40375909.38  | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.             | Equity LifeStyle Properties, Inc.                                     | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    166016 | NS      | $10437425.92  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    305551 | NS      | $18867774.25  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.       | Essential Properties Realty Trust, Inc.                               | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    142500 | NS      | $4511550.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                    | Essex Property Trust, Inc.                                            | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     57664 | NS      | $15201383.68  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                     | Extra Space Storage, Inc.                                             | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183702 | NS      | $24463595.34  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust               | Federal Realty Investment Trust                                       | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     70086 | NS      | $6919590.78   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.           | First Industrial Realty Trust, Inc.                                   | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127224 | NS      | $7282301.76   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.             | Four Corners Property Trust, Inc.                                     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     92132 | NS      | $2214853.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.           | Gaming and Leisure Properties, Inc.                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    241259 | NS      | $10502004.27  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                            | Getty Realty Corp.                                                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     50570 | NS      | $1439727.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp.                    | Gladstone Commercial Corp.                                            | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |     67184 | NS      | $743055.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Net Lease, Inc.                        | Global Net Lease, Inc.                                                | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    233837 | NS      | $1919801.77   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                | American Healthcare REIT, Inc.                                        | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     86007 | NS      | $4367435.46   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust, Inc.                 | Healthcare Realty Trust, Inc.                                         | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    339689 | NS      | $6192530.47   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties, Inc.                   | Healthpeak Properties, Inc.                                           | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    639114 | NS      | $11670221.64  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                    | Highwoods Properties, Inc.                                            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |    109977 | NS      | $3057360.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                   | Host Hotels & Resorts, Inc.                                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    631492 | NS      | $11133203.96  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties, Inc.               | Hudson Pacific Properties, Inc.                                       | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179045 | NS      | $354509.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.               | Independence Realty Trust, Inc.                                       | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    226223 | NS      | $3879724.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.        | Innovative Industrial Properties, Inc.                                | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     31652 | NS      | $1565191.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp.                   | InvenTrust Properties Corp.                                           | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     83570 | NS      | $2385087.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes, Inc.                        | Invitation Homes, Inc.                                                | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    520384 | NS      | $14674828.80  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                           | Iron Mountain, Inc.                                                   | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    255270 | NS      | $22042564.50  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                          | JBG SMITH Properties                                                  | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116139 | NS      | $2117213.97   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |   8444866 | NS      | $8444865.65   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund    | JPMorgan U.S. Government Money Market Fund, Class IM                  | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   3946070 | NS      | $3946069.83   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                           | Kilroy Realty Corp.                                                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    106549 | NS      | $4569886.61   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                            | Kimco Realty Corp.                                                    | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |    614949 | NS      | $12704846.34  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216371 | NS      | $5006824.94   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                          | LTC Properties, Inc.                                                  | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     48923 | NS      | $1785200.27   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                          | LXP Industrial Trust                                                  | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     59480 | NS      | $2884780.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage, Inc.                                 | Lineage, Inc.                                                         | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11555 | NS      | $413900.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                            | Macerich Co. (The)                                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    248212 | NS      | $4308960.32   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential, Inc.                       | Veris Residential, Inc.                                               | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     97648 | NS      | $1470578.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.                | Medical Properties Trust, Inc.                                        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    630009 | NS      | $3628851.84   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Mid-America Apartment Communities, Inc.       | Mid-America Apartment Communities, Inc.                               | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |    105377 | NS      | $14319680.53  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                     | Millrose Properties, Inc., Class A                                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16972 | NS      | $516967.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.               | National Health Investors, Inc.                                       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     45341 | NS      | $3603702.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                                | NNN REIT, Inc.                                                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    171696 | NS      | $7099629.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust             | National Storage Affiliates Trust                                     | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     89916 | NS      | $2648026.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| NETSTREIT Corp.                               | NETSTREIT Corp.                                                       | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     75828 | NS      | $1389927.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| NexPoint Residential Trust, Inc.              | NexPoint Residential Trust, Inc.                                      | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     32788 | NS      | $1042986.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.              | Omega Healthcare Investors, Inc.                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    222571 | NS      | $10220460.32  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group, Inc.                         | Paramount Group, Inc.                                                 | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |    241665 | NS      | $1592572.35   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.                   | Park Hotels & Resorts, Inc.                                           | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    237975 | NS      | $2574889.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                       | Pebblebrook Hotel Trust                                               | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    154904 | NS      | $1756611.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                   | Phillips Edison & Co., Inc.                                           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    117819 | NS      | $4182574.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust, Inc.                   | Piedmont Realty Trust, Inc., Class A                                  | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165229 | NS      | $1444101.46   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT, Inc.                | Plymouth Industrial REIT, Inc.                                        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61900 | NS      | $1358086.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                | Prologis, Inc.                                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    722621 | NS      | $92878477.13  | 9.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                | Public Storage                                                        | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    134229 | NS      | $36851229.66  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                             | RLJ Lodging Trust                                                     | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196803 | NS      | $1483894.62   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                           | Realty Income Corp.                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    723866 | NS      | $41701920.26  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                         | Regency Centers Corp.                                                 | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    156568 | NS      | $11141378.88  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.               | Rexford Industrial Realty, Inc.                                       | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    175729 | NS      | $7312083.69   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.            | Ryman Hospitality Properties, Inc.                                    | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     51642 | NS      | $4928196.06   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     66041 | NS      | $3112512.33   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Sabra Health Care REIT, Inc.                  | Sabra Health Care REIT, Inc.                                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    233854 | NS      | $4562491.54   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold, Inc.                                | Safehold, Inc.                                                        | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     66870 | NS      | $927486.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers, Inc.                            | Saul Centers, Inc.                                                    | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25543 | NS      | $794387.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                    | Simon Property Group, Inc.                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    237136 | NS      | $44183179.52  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT, Inc.             | Smartstop Self Storage REIT, Inc.                                     | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     13170 | NS      | $430395.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                         | STAG Industrial, Inc.                                                 | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    173624 | NS      | $6819950.72   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties, Inc.                 | Summit Hotel Properties, Inc.                                         | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    170049 | NS      | $911462.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                         | Sun Communities, Inc.                                                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    112364 | NS      | $14476977.76  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                | Sunstone Hotel Investors, Inc.                                        | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    232733 | NS      | $2178380.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                                  | Tanger, Inc.                                                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    107824 | NS      | $3620729.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                          | Terreno Realty Corp.                                                  | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75555 | NS      | $4744098.45   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                     | UDR, Inc.                                                             | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    293012 | NS      | $10671497.04  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                          | UMH Properties, Inc.                                                  | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     73991 | NS      | $1119483.83   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                         | Urban Edge Properties                                                 | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127937 | NS      | $2458949.14   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                  | Ventas, Inc.                                                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    367275 | NS      | $29613383.25  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties, Inc.                         | VICI Properties, Inc., Class A                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    882189 | NS      | $25424686.98  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                          | Vornado Realty Trust                                                  | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159177 | NS      | $5860897.14   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                | WP Carey, Inc.                                                        | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    194702 | NS      | $13117073.74  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                              | Elme Communities                                                      | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |    105863 | NS      | $1837781.68   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                               | Welltower, Inc.                                                       | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    523342 | NS      | $108970271.24 | 11.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                               | Whitestone                                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76833 | NS      | $1021110.57   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                  | Xenia Hotels & Resorts, Inc.                                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    134232 | NS      | $1876563.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | DJ US Real Estate Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       131 | NC      | $39278.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**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