# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-007395
**Filing Date:** 2026-3
**Character Count:** 294187
**Document Hash:** 6043498eb644b25e0d97247236edb559
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007395.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007395

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**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:** 26805525

**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 ActiveBuilders Emerging Markets Equity ETF (Series ID: S000071185)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000225965 | JPMorgan ActiveBuilders Emerging Markets Equity ETF | JEMA            |

## Nport-Ex

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**Schedule of Portfolio Investments as of January 31, 2026**

**(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., 2026. |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 98.5%** | **Common Stocks — 98.5%** | **Common Stocks — 98.5%** |
| **Argentina — 0.1%** | **Argentina — 0.1%** | **Argentina — 0.1%** |
| &nbsp;&nbsp;&nbsp; Vista Energy SAB de CV, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 4092 | &nbsp;&nbsp;&nbsp;&nbsp; 247525 |
| &nbsp;&nbsp;&nbsp; YPF SA, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 17537 | &nbsp;&nbsp;&nbsp;&nbsp; 697797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 945322 |
| **Australia — 0.0% ^** | **Australia — 0.0% ^** | **Australia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Anglogold Ashanti plc | &nbsp;&nbsp;&nbsp;&nbsp; 7113 | &nbsp;&nbsp;&nbsp;&nbsp; 641220 |
| **Austria — 0.0% ^** | **Austria — 0.0% ^** | **Austria — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp; 12997 | &nbsp;&nbsp;&nbsp;&nbsp; 655120 |
| **Brazil — 6.0%** | **Brazil — 6.0%** | **Brazil — 6.0%** |
| &nbsp;&nbsp;&nbsp; Axia Energia (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 444514 | &nbsp;&nbsp;&nbsp;&nbsp; 4868517 |
| &nbsp;&nbsp;&nbsp; Axia Energia (Preference) \* | &nbsp;&nbsp;&nbsp;&nbsp; 116834 | &nbsp;&nbsp;&nbsp;&nbsp; 1177276 |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp; 1936806 | &nbsp;&nbsp;&nbsp;&nbsp; 5954591 |
| &nbsp;&nbsp;&nbsp; Banco BTG Pactual SA | &nbsp;&nbsp;&nbsp;&nbsp; 536313 | &nbsp;&nbsp;&nbsp;&nbsp; 6089984 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 325994 | &nbsp;&nbsp;&nbsp;&nbsp; 1556644 |
| &nbsp;&nbsp;&nbsp; Banco Santander Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 66690 | &nbsp;&nbsp;&nbsp;&nbsp; 460123 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp;&nbsp;&nbsp; 80014 | &nbsp;&nbsp;&nbsp;&nbsp; 2145870 |
| &nbsp;&nbsp;&nbsp; CPFL Energia SA | &nbsp;&nbsp;&nbsp;&nbsp; 44548 | &nbsp;&nbsp;&nbsp;&nbsp; 432973 |
| &nbsp;&nbsp;&nbsp; Cury Construtora e Incorporadora SA | &nbsp;&nbsp;&nbsp;&nbsp; 93603 | &nbsp;&nbsp;&nbsp;&nbsp; 615216 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 1174687 | &nbsp;&nbsp;&nbsp;&nbsp; 10095690 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 721762 | &nbsp;&nbsp;&nbsp;&nbsp; 1866549 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA | &nbsp;&nbsp;&nbsp;&nbsp; 274774 | &nbsp;&nbsp;&nbsp;&nbsp; 2529106 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp; 244861 | &nbsp;&nbsp;&nbsp;&nbsp; 697443 |
| &nbsp;&nbsp;&nbsp; Marcopolo SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 402244 | &nbsp;&nbsp;&nbsp;&nbsp; 492988 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3803 | &nbsp;&nbsp;&nbsp;&nbsp; 8168045 |
| &nbsp;&nbsp;&nbsp; Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp;&nbsp;&nbsp; 90529 | &nbsp;&nbsp;&nbsp;&nbsp; 289679 |
| &nbsp;&nbsp;&nbsp; NU Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 558857 | &nbsp;&nbsp;&nbsp;&nbsp; 9919712 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 837949 | &nbsp;&nbsp;&nbsp;&nbsp; 12854137 |
| &nbsp;&nbsp;&nbsp; Porto Seguro SA | &nbsp;&nbsp;&nbsp;&nbsp; 120527 | &nbsp;&nbsp;&nbsp;&nbsp; 1148302 |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 398053 | &nbsp;&nbsp;&nbsp;&nbsp; 1848542 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 409550 | &nbsp;&nbsp;&nbsp;&nbsp; 2904262 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp; 374728 | &nbsp;&nbsp;&nbsp;&nbsp; 1740934 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp;&nbsp;&nbsp; 45009 | &nbsp;&nbsp;&nbsp;&nbsp; 381521 |
| &nbsp;&nbsp;&nbsp; Ultrapar Participacoes SA | &nbsp;&nbsp;&nbsp;&nbsp; 149251 | &nbsp;&nbsp;&nbsp;&nbsp; 718640 |
| &nbsp;&nbsp;&nbsp; Vale SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 138184 | &nbsp;&nbsp;&nbsp;&nbsp; 2220617 |
| &nbsp;&nbsp;&nbsp; WEG SA | &nbsp;&nbsp;&nbsp;&nbsp; 366641 | &nbsp;&nbsp;&nbsp;&nbsp; 3624087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 84801448 |
| **Chile — 0.3%** | **Chile — 0.3%** | **Chile — 0.3%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp;&nbsp;&nbsp; 2945005 | &nbsp;&nbsp;&nbsp;&nbsp; 649105 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp;&nbsp;&nbsp; 17415516 | &nbsp;&nbsp;&nbsp;&nbsp; 1532425 |
| &nbsp;&nbsp;&nbsp; Falabella SA | &nbsp;&nbsp;&nbsp;&nbsp; 95753 | &nbsp;&nbsp;&nbsp;&nbsp; 743381 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp; 17419386 | &nbsp;&nbsp;&nbsp;&nbsp; 565144 |
| &nbsp;&nbsp;&nbsp; Sociedad Quimica y Minera de Chile SA (Preference), Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 7572 | &nbsp;&nbsp;&nbsp;&nbsp; 586641 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4076696 |
| **China — 25.4%** | **China — 25.4%** | **China — 25.4%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro-Fabrication Equipment, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 44163 | &nbsp;&nbsp;&nbsp;&nbsp; 2197931 |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 861000 | &nbsp;&nbsp;&nbsp;&nbsp; 601940 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1722386 | &nbsp;&nbsp;&nbsp;&nbsp; 36641328 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Anji Microelectronics Technology Shanghai Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 9738 | &nbsp;&nbsp;&nbsp;&nbsp; 377054 |
| &nbsp;&nbsp;&nbsp; ANTA Sports Products Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 96600 | &nbsp;&nbsp;&nbsp;&nbsp; 965028 |
| &nbsp;&nbsp;&nbsp; Atour Lifestyle Holdings Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 9925 | &nbsp;&nbsp;&nbsp;&nbsp; 354720 |
| &nbsp;&nbsp;&nbsp; Avary Holding Shenzhen Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 409563 |
| &nbsp;&nbsp;&nbsp; Baidu, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 45800 | &nbsp;&nbsp;&nbsp;&nbsp; 877874 |
| &nbsp;&nbsp;&nbsp; Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 6042000 | &nbsp;&nbsp;&nbsp;&nbsp; 3608182 |
| &nbsp;&nbsp;&nbsp; Beijing Huafeng Test & Control Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 39246 | &nbsp;&nbsp;&nbsp;&nbsp; 1697867 |
| &nbsp;&nbsp;&nbsp; BYD Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 133000 | &nbsp;&nbsp;&nbsp;&nbsp; 1658093 |
| &nbsp;&nbsp;&nbsp; Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 20200 | &nbsp;&nbsp;&nbsp;&nbsp; 400408 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1294000 | &nbsp;&nbsp;&nbsp;&nbsp; 1205222 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 7145000 | &nbsp;&nbsp;&nbsp;&nbsp; 7214524 |
| &nbsp;&nbsp;&nbsp; China Galaxy Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 346000 | &nbsp;&nbsp;&nbsp;&nbsp; 465265 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 556000 | &nbsp;&nbsp;&nbsp;&nbsp; 2542962 |
| &nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 615600 | &nbsp;&nbsp;&nbsp;&nbsp; 1668387 |
| &nbsp;&nbsp;&nbsp; China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 361000 | &nbsp;&nbsp;&nbsp;&nbsp; 1606536 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1652000 | &nbsp;&nbsp;&nbsp;&nbsp; 10093054 |
| &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 5896000 | &nbsp;&nbsp;&nbsp;&nbsp; 2933691 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 689600 | &nbsp;&nbsp;&nbsp;&nbsp; 3473403 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3406000 | &nbsp;&nbsp;&nbsp;&nbsp; 2344026 |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 153000 | &nbsp;&nbsp;&nbsp;&nbsp; 599177 |
| &nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 174000 | &nbsp;&nbsp;&nbsp;&nbsp; 396341 |
| &nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 351500 | &nbsp;&nbsp;&nbsp;&nbsp; 1933992 |
| &nbsp;&nbsp;&nbsp; China Tower Corp. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 318600 | &nbsp;&nbsp;&nbsp;&nbsp; 458394 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 368475 | &nbsp;&nbsp;&nbsp;&nbsp; 1395436 |
| &nbsp;&nbsp;&nbsp; Chuangxin Industries Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 135500 | &nbsp;&nbsp;&nbsp;&nbsp; 433622 |
| &nbsp;&nbsp;&nbsp; CITIC Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 586500 | &nbsp;&nbsp;&nbsp;&nbsp; 2194858 |
| &nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 208300 | &nbsp;&nbsp;&nbsp;&nbsp; 10492022 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 344400 | &nbsp;&nbsp;&nbsp;&nbsp; 2964851 |
| &nbsp;&nbsp;&nbsp; Focus Media Information Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1786500 | &nbsp;&nbsp;&nbsp;&nbsp; 1848044 |
| &nbsp;&nbsp;&nbsp; Foxconn Industrial Internet Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 190200 | &nbsp;&nbsp;&nbsp;&nbsp; 1568587 |
| &nbsp;&nbsp;&nbsp; Full Truck Alliance Co. Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 99852 | &nbsp;&nbsp;&nbsp;&nbsp; 988535 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 883600 | &nbsp;&nbsp;&nbsp;&nbsp; 7573791 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 218000 | &nbsp;&nbsp;&nbsp;&nbsp; 448752 |
| &nbsp;&nbsp;&nbsp; GF Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 272000 | &nbsp;&nbsp;&nbsp;&nbsp; 634728 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1190586 | &nbsp;&nbsp;&nbsp;&nbsp; 5718079 |
| &nbsp;&nbsp;&nbsp; Haidilao International Holding Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 898000 | &nbsp;&nbsp;&nbsp;&nbsp; 1830868 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 480600 | &nbsp;&nbsp;&nbsp;&nbsp; 1584403 |
| &nbsp;&nbsp;&nbsp; Harbin Electric Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 188000 | &nbsp;&nbsp;&nbsp;&nbsp; 477551 |
| &nbsp;&nbsp;&nbsp; Hongfa Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 320280 | &nbsp;&nbsp;&nbsp;&nbsp; 1319511 |
| &nbsp;&nbsp;&nbsp; Huaming Power Equipment Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 649500 | &nbsp;&nbsp;&nbsp;&nbsp; 2777642 |
| &nbsp;&nbsp;&nbsp; Huaqin Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 24100 | &nbsp;&nbsp;&nbsp;&nbsp; 298237 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 122200 | &nbsp;&nbsp;&nbsp;&nbsp; 337614 |
| &nbsp;&nbsp;&nbsp; Hwatsing Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 21339 | &nbsp;&nbsp;&nbsp;&nbsp; 579550 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Berun Chemical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 803500 | &nbsp;&nbsp;&nbsp;&nbsp; 975399 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yili Industrial Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 416813 | &nbsp;&nbsp;&nbsp;&nbsp; 1577673 |
| &nbsp;&nbsp;&nbsp; Jason Furniture Hangzhou Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 77600 | &nbsp;&nbsp;&nbsp;&nbsp; 394650 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 301900 | &nbsp;&nbsp;&nbsp;&nbsp; 2520740 |
| &nbsp;&nbsp;&nbsp; Kanzhun Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 24396 | &nbsp;&nbsp;&nbsp;&nbsp; 451814 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; KE Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 318168 | &nbsp;&nbsp;&nbsp;&nbsp; 2022633 |
| &nbsp;&nbsp;&nbsp; Kingdee International Software Group Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 213000 | &nbsp;&nbsp;&nbsp;&nbsp; 351816 |
| &nbsp;&nbsp;&nbsp; Kuaishou Technology (a) | &nbsp;&nbsp;&nbsp;&nbsp; 104800 | &nbsp;&nbsp;&nbsp;&nbsp; 1070753 |
| &nbsp;&nbsp;&nbsp; Kweichow Moutai Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 32400 | &nbsp;&nbsp;&nbsp;&nbsp; 6520239 |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1148000 | &nbsp;&nbsp;&nbsp;&nbsp; 1293467 |
| &nbsp;&nbsp;&nbsp; Loncin Motor Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 754200 | &nbsp;&nbsp;&nbsp;&nbsp; 1661079 |
| &nbsp;&nbsp;&nbsp; Luxshare Precision Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 243100 | &nbsp;&nbsp;&nbsp;&nbsp; 1799611 |
| &nbsp;&nbsp;&nbsp; Luzhou Laojiao Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 42800 | &nbsp;&nbsp;&nbsp;&nbsp; 742030 |
| &nbsp;&nbsp;&nbsp; Meitu, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 363500 | &nbsp;&nbsp;&nbsp;&nbsp; 359065 |
| &nbsp;&nbsp;&nbsp; Meituan \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 262028 | &nbsp;&nbsp;&nbsp;&nbsp; 3239317 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 747612 | &nbsp;&nbsp;&nbsp;&nbsp; 8335353 |
| &nbsp;&nbsp;&nbsp; Minimax Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16300 | &nbsp;&nbsp;&nbsp;&nbsp; 986918 |
| &nbsp;&nbsp;&nbsp; Minth Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp; 2589372 |
| &nbsp;&nbsp;&nbsp; Montage Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 199324 | &nbsp;&nbsp;&nbsp;&nbsp; 5193702 |
| &nbsp;&nbsp;&nbsp; NARI Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 103648 | &nbsp;&nbsp;&nbsp;&nbsp; 374256 |
| &nbsp;&nbsp;&nbsp; NAURA Technology Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 47075 | &nbsp;&nbsp;&nbsp;&nbsp; 3208743 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 510048 | &nbsp;&nbsp;&nbsp;&nbsp; 13225588 |
| &nbsp;&nbsp;&nbsp; New China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 109100 | &nbsp;&nbsp;&nbsp;&nbsp; 887139 |
| &nbsp;&nbsp;&nbsp; OmniVision Integrated Circuits Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16300 | &nbsp;&nbsp;&nbsp;&nbsp; 284016 |
| &nbsp;&nbsp;&nbsp; PDD Holdings, Inc., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 57460 | &nbsp;&nbsp;&nbsp;&nbsp; 5806333 |
| &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China Ltd. (The), Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2068000 | &nbsp;&nbsp;&nbsp;&nbsp; 1798190 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 5782000 | &nbsp;&nbsp;&nbsp;&nbsp; 6868783 |
| &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 794000 | &nbsp;&nbsp;&nbsp;&nbsp; 1643737 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1726500 | &nbsp;&nbsp;&nbsp;&nbsp; 16013894 |
| &nbsp;&nbsp;&nbsp; Pop Mart International Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 82800 | &nbsp;&nbsp;&nbsp;&nbsp; 2366967 |
| &nbsp;&nbsp;&nbsp; Qfin Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 99500 | &nbsp;&nbsp;&nbsp;&nbsp; 793944 |
| &nbsp;&nbsp;&nbsp; Sany Heavy Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 531600 | &nbsp;&nbsp;&nbsp;&nbsp; 1674176 |
| &nbsp;&nbsp;&nbsp; Shandong Himile Mechanical Science & Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 50800 | &nbsp;&nbsp;&nbsp;&nbsp; 608553 |
| &nbsp;&nbsp;&nbsp; Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 14100 | &nbsp;&nbsp;&nbsp;&nbsp; 345908 |
| &nbsp;&nbsp;&nbsp; Shenzhen Inovance Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 176200 | &nbsp;&nbsp;&nbsp;&nbsp; 1891474 |
| &nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 361500 | &nbsp;&nbsp;&nbsp;&nbsp; 2875140 |
| &nbsp;&nbsp;&nbsp; Sieyuan Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp; 3505580 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 112000 | &nbsp;&nbsp;&nbsp;&nbsp; 514324 |
| &nbsp;&nbsp;&nbsp; SITC International Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 169000 | &nbsp;&nbsp;&nbsp;&nbsp; 631076 |
| &nbsp;&nbsp;&nbsp; StarPower Semiconductor Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 32300 | &nbsp;&nbsp;&nbsp;&nbsp; 513358 |
| &nbsp;&nbsp;&nbsp; Sunresin New Materials Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 85700 | &nbsp;&nbsp;&nbsp;&nbsp; 827324 |
| &nbsp;&nbsp;&nbsp; TCL Electronics Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 307000 | &nbsp;&nbsp;&nbsp;&nbsp; 471957 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 969600 | &nbsp;&nbsp;&nbsp;&nbsp; 74525209 |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 256700 | &nbsp;&nbsp;&nbsp;&nbsp; 2154578 |
| &nbsp;&nbsp;&nbsp; Tianqi Lithium Corp., Class H \* | &nbsp;&nbsp;&nbsp;&nbsp; 60400 | &nbsp;&nbsp;&nbsp;&nbsp; 377181 |
| &nbsp;&nbsp;&nbsp; Tingyi Cayman Islands Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 762000 | &nbsp;&nbsp;&nbsp;&nbsp; 1154911 |
| &nbsp;&nbsp;&nbsp; Tongcheng Travel Holdings Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 128000 | &nbsp;&nbsp;&nbsp;&nbsp; 380736 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 74118 | &nbsp;&nbsp;&nbsp;&nbsp; 4549040 |
| &nbsp;&nbsp;&nbsp; Verisilicon Microelectronics Shanghai Co. Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 15832 | &nbsp;&nbsp;&nbsp;&nbsp; 501916 |
| &nbsp;&nbsp;&nbsp; Vipshop Holdings Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 25844 | &nbsp;&nbsp;&nbsp;&nbsp; 442191 |
| &nbsp;&nbsp;&nbsp; Weichai Power Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1092000 | &nbsp;&nbsp;&nbsp;&nbsp; 3701477 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 78300 | &nbsp;&nbsp;&nbsp;&nbsp; 1179972 |
| &nbsp;&nbsp;&nbsp; WUS Printed Circuit Kunshan Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 140500 | &nbsp;&nbsp;&nbsp;&nbsp; 1402837 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; XCMG Construction Machinery Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2397600 | &nbsp;&nbsp;&nbsp;&nbsp; 3699036 |
| &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1709200 | &nbsp;&nbsp;&nbsp;&nbsp; 7736813 |
| &nbsp;&nbsp;&nbsp; Xinyi Solar Holdings Ltd. (b) | &nbsp;&nbsp;&nbsp;&nbsp; 3148000 | &nbsp;&nbsp;&nbsp;&nbsp; 1360697 |
| &nbsp;&nbsp;&nbsp; Xtep International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 391500 | &nbsp;&nbsp;&nbsp;&nbsp; 257314 |
| &nbsp;&nbsp;&nbsp; YTO Express Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 168200 | &nbsp;&nbsp;&nbsp;&nbsp; 407742 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 83528 | &nbsp;&nbsp;&nbsp;&nbsp; 4127954 |
| &nbsp;&nbsp;&nbsp; Yunnan Energy New Material Group Co. Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 59100 | &nbsp;&nbsp;&nbsp;&nbsp; 432877 |
| &nbsp;&nbsp;&nbsp; Yunnan Yuntianhua Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 88300 | &nbsp;&nbsp;&nbsp;&nbsp; 484487 |
| &nbsp;&nbsp;&nbsp; Yutong Bus Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 88100 | &nbsp;&nbsp;&nbsp;&nbsp; 391103 |
| &nbsp;&nbsp;&nbsp; Zhejiang Cfmoto Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 8200 | &nbsp;&nbsp;&nbsp;&nbsp; 296497 |
| &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 856000 | &nbsp;&nbsp;&nbsp;&nbsp; 807558 |
| &nbsp;&nbsp;&nbsp; Zhejiang Huayou Cobalt Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 59500 | &nbsp;&nbsp;&nbsp;&nbsp; 609814 |
| &nbsp;&nbsp;&nbsp; Zhongji Innolight Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 15200 | &nbsp;&nbsp;&nbsp;&nbsp; 1409093 |
| &nbsp;&nbsp;&nbsp; Zhuzhou CRRC Times Electric Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 210400 | &nbsp;&nbsp;&nbsp;&nbsp; 1150414 |
| &nbsp;&nbsp;&nbsp; Zijin Mining Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp;&nbsp; 5579005 |
| &nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10500 | &nbsp;&nbsp;&nbsp;&nbsp; 231842 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 360760028 |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Grupo Cibest SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 50779 | &nbsp;&nbsp;&nbsp;&nbsp; 1032917 |
| **Cyprus — 0.1%** | **Cyprus — 0.1%** | **Cyprus — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bank of Cyprus Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 78553 | &nbsp;&nbsp;&nbsp;&nbsp; 866709 |
| **Czech Republic — 0.0% ^** | **Czech Republic — 0.0% ^** | **Czech Republic — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S (a) | &nbsp;&nbsp;&nbsp;&nbsp; 45690 | &nbsp;&nbsp;&nbsp;&nbsp; 458561 |
| **Georgia — 0.0% ^** | **Georgia — 0.0% ^** | **Georgia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Lion Finance Group plc | &nbsp;&nbsp;&nbsp;&nbsp; 3318 | &nbsp;&nbsp;&nbsp;&nbsp; 458413 |
| **Greece — 1.3%** | **Greece — 1.3%** | **Greece — 1.3%** |
| &nbsp;&nbsp;&nbsp; Alpha Bank SA | &nbsp;&nbsp;&nbsp;&nbsp; 229329 | &nbsp;&nbsp;&nbsp;&nbsp; 1097790 |
| &nbsp;&nbsp;&nbsp; Eurobank SA | &nbsp;&nbsp;&nbsp;&nbsp; 638284 | &nbsp;&nbsp;&nbsp;&nbsp; 3119280 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp; 46425 | &nbsp;&nbsp;&nbsp;&nbsp; 870721 |
| &nbsp;&nbsp;&nbsp; JUMBO SA | &nbsp;&nbsp;&nbsp;&nbsp; 10380 | &nbsp;&nbsp;&nbsp;&nbsp; 308091 |
| &nbsp;&nbsp;&nbsp; Metlen Energy & Metals plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 35946 | &nbsp;&nbsp;&nbsp;&nbsp; 1959995 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp;&nbsp;&nbsp; 332670 | &nbsp;&nbsp;&nbsp;&nbsp; 5873104 |
| &nbsp;&nbsp;&nbsp; OPAP SA | &nbsp;&nbsp;&nbsp;&nbsp; 46233 | &nbsp;&nbsp;&nbsp;&nbsp; 931639 |
| &nbsp;&nbsp;&nbsp; Piraeus Bank SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 333550 | &nbsp;&nbsp;&nbsp;&nbsp; 3364629 |
| &nbsp;&nbsp;&nbsp; Public Power Corp. SA | &nbsp;&nbsp;&nbsp;&nbsp; 20424 | &nbsp;&nbsp;&nbsp;&nbsp; 482744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18007993 |
| **Guatemala — 0.2%** | **Guatemala — 0.2%** | **Guatemala — 0.2%** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 44019 | &nbsp;&nbsp;&nbsp;&nbsp; 2686480 |
| **Hong Kong — 1.1%** | **Hong Kong — 1.1%** | **Hong Kong — 1.1%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 674400 | &nbsp;&nbsp;&nbsp;&nbsp; 7780878 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 62100 | &nbsp;&nbsp;&nbsp;&nbsp; 3423642 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp;&nbsp;&nbsp; 33475 | &nbsp;&nbsp;&nbsp;&nbsp; 549835 |
| &nbsp;&nbsp;&nbsp; Stella International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 153500 | &nbsp;&nbsp;&nbsp;&nbsp; 283732 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hong Kong — continued** | **Hong Kong — continued** | **Hong Kong — continued** |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 242500 | &nbsp;&nbsp;&nbsp;&nbsp; 3310489 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 366000 | &nbsp;&nbsp;&nbsp;&nbsp; 431915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15780491 |
| **Hungary — 0.4%** | **Hungary — 0.4%** | **Hungary — 0.4%** |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp;&nbsp; 51615 | &nbsp;&nbsp;&nbsp;&nbsp; 630371 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 37171 | &nbsp;&nbsp;&nbsp;&nbsp; 4677303 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5307674 |
| **India — 11.3%** | **India — 11.3%** | **India — 11.3%** |
| &nbsp;&nbsp;&nbsp; Aavas Financiers Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14990 | &nbsp;&nbsp;&nbsp;&nbsp; 238395 |
| &nbsp;&nbsp;&nbsp; ABB India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9709 | &nbsp;&nbsp;&nbsp;&nbsp; 590676 |
| &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic Zone Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30868 | &nbsp;&nbsp;&nbsp;&nbsp; 477093 |
| &nbsp;&nbsp;&nbsp; Asian Paints Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13794 | &nbsp;&nbsp;&nbsp;&nbsp; 364249 |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd., GDR (a) | &nbsp;&nbsp;&nbsp;&nbsp; 6897 | &nbsp;&nbsp;&nbsp;&nbsp; 511083 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 22251 | &nbsp;&nbsp;&nbsp;&nbsp; 2323812 |
| &nbsp;&nbsp;&nbsp; Bajaj Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 448231 | &nbsp;&nbsp;&nbsp;&nbsp; 4534916 |
| &nbsp;&nbsp;&nbsp; Bajaj Finserv Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 162890 | &nbsp;&nbsp;&nbsp;&nbsp; 3461555 |
| &nbsp;&nbsp;&nbsp; Bank of Baroda | &nbsp;&nbsp;&nbsp;&nbsp; 190200 | &nbsp;&nbsp;&nbsp;&nbsp; 619829 |
| &nbsp;&nbsp;&nbsp; Bharat Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 477307 | &nbsp;&nbsp;&nbsp;&nbsp; 2331869 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 110128 | &nbsp;&nbsp;&nbsp;&nbsp; 436608 |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 162982 | &nbsp;&nbsp;&nbsp;&nbsp; 3495470 |
| &nbsp;&nbsp;&nbsp; Blue Star Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 85168 | &nbsp;&nbsp;&nbsp;&nbsp; 1688405 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp;&nbsp;&nbsp; 216930 | &nbsp;&nbsp;&nbsp;&nbsp; 348172 |
| &nbsp;&nbsp;&nbsp; CG Power & Industrial Solutions Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 154353 | &nbsp;&nbsp;&nbsp;&nbsp; 983384 |
| &nbsp;&nbsp;&nbsp; Cholamandalam Investment and Finance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 220186 | &nbsp;&nbsp;&nbsp;&nbsp; 3910259 |
| &nbsp;&nbsp;&nbsp; Coforge Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 91813 | &nbsp;&nbsp;&nbsp;&nbsp; 1652255 |
| &nbsp;&nbsp;&nbsp; Computer Age Management Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 142102 | &nbsp;&nbsp;&nbsp;&nbsp; 1075656 |
| &nbsp;&nbsp;&nbsp; CRISIL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9660 | &nbsp;&nbsp;&nbsp;&nbsp; 490470 |
| &nbsp;&nbsp;&nbsp; Cyient Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 29391 | &nbsp;&nbsp;&nbsp;&nbsp; 363999 |
| &nbsp;&nbsp;&nbsp; Delhivery Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 304654 | &nbsp;&nbsp;&nbsp;&nbsp; 1401539 |
| &nbsp;&nbsp;&nbsp; Dr Lal PathLabs Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 14727 | &nbsp;&nbsp;&nbsp;&nbsp; 225907 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 245041 | &nbsp;&nbsp;&nbsp;&nbsp; 3242302 |
| &nbsp;&nbsp;&nbsp; Eicher Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14824 | &nbsp;&nbsp;&nbsp;&nbsp; 1148877 |
| &nbsp;&nbsp;&nbsp; Embassy Office Parks, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 557572 | &nbsp;&nbsp;&nbsp;&nbsp; 2633486 |
| &nbsp;&nbsp;&nbsp; Eternal Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 355458 | &nbsp;&nbsp;&nbsp;&nbsp; 1059536 |
| &nbsp;&nbsp;&nbsp; Godrej Consumer Products Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18644 | &nbsp;&nbsp;&nbsp;&nbsp; 234099 |
| &nbsp;&nbsp;&nbsp; Havells India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 89760 | &nbsp;&nbsp;&nbsp;&nbsp; 1253883 |
| &nbsp;&nbsp;&nbsp; HDFC Asset Management Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 83817 | &nbsp;&nbsp;&nbsp;&nbsp; 2294940 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 356440 | &nbsp;&nbsp;&nbsp;&nbsp; 11541527 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1125407 | &nbsp;&nbsp;&nbsp;&nbsp; 11379300 |
| &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 316746 | &nbsp;&nbsp;&nbsp;&nbsp; 2519291 |
| &nbsp;&nbsp;&nbsp; Hero MotoCorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 11553 | &nbsp;&nbsp;&nbsp;&nbsp; 695863 |
| &nbsp;&nbsp;&nbsp; Hexaware Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 117084 | &nbsp;&nbsp;&nbsp;&nbsp; 888284 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 35422 | &nbsp;&nbsp;&nbsp;&nbsp; 368719 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 88815 | &nbsp;&nbsp;&nbsp;&nbsp; 2292988 |
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 44919 | &nbsp;&nbsp;&nbsp;&nbsp; 1315677 |
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 738876 | &nbsp;&nbsp;&nbsp;&nbsp; 10892974 |
| &nbsp;&nbsp;&nbsp; ICICI Prudential Asset Management Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 28806 | &nbsp;&nbsp;&nbsp;&nbsp; 930873 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Indian Hotels Co. Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 45977 | &nbsp;&nbsp;&nbsp;&nbsp; 337280 |
| &nbsp;&nbsp;&nbsp; IndusInd Bank Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38148 | &nbsp;&nbsp;&nbsp;&nbsp; 372095 |
| &nbsp;&nbsp;&nbsp; Info Edge India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 148270 | &nbsp;&nbsp;&nbsp;&nbsp; 2018036 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 505328 | &nbsp;&nbsp;&nbsp;&nbsp; 9038440 |
| &nbsp;&nbsp;&nbsp; InterGlobe Aviation Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 10506 | &nbsp;&nbsp;&nbsp;&nbsp; 525045 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 418975 | &nbsp;&nbsp;&nbsp;&nbsp; 1468689 |
| &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1564015 | &nbsp;&nbsp;&nbsp;&nbsp; 6941146 |
| &nbsp;&nbsp;&nbsp; Kwality Wall's India Ltd. ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 87795 | &nbsp;&nbsp;&nbsp;&nbsp; 36459 |
| &nbsp;&nbsp;&nbsp; Lenskart Solutions Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 76656 | &nbsp;&nbsp;&nbsp;&nbsp; 381124 |
| &nbsp;&nbsp;&nbsp; Mahanagar Gas Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 22102 | &nbsp;&nbsp;&nbsp;&nbsp; 253258 |
| &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 176248 | &nbsp;&nbsp;&nbsp;&nbsp; 6581053 |
| &nbsp;&nbsp;&nbsp; MakeMyTrip Ltd. \* (b) | &nbsp;&nbsp;&nbsp;&nbsp; 36736 | &nbsp;&nbsp;&nbsp;&nbsp; 2291592 |
| &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5539 | &nbsp;&nbsp;&nbsp;&nbsp; 879972 |
| &nbsp;&nbsp;&nbsp; Max Financial Services Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 160433 | &nbsp;&nbsp;&nbsp;&nbsp; 2814238 |
| &nbsp;&nbsp;&nbsp; Max Healthcare Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 191517 | &nbsp;&nbsp;&nbsp;&nbsp; 1994295 |
| &nbsp;&nbsp;&nbsp; Multi Commodity Exchange of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 96839 | &nbsp;&nbsp;&nbsp;&nbsp; 2667355 |
| &nbsp;&nbsp;&nbsp; Muthoot Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13677 | &nbsp;&nbsp;&nbsp;&nbsp; 569933 |
| &nbsp;&nbsp;&nbsp; National Aluminium Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 150419 | &nbsp;&nbsp;&nbsp;&nbsp; 626775 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 173324 | &nbsp;&nbsp;&nbsp;&nbsp; 671554 |
| &nbsp;&nbsp;&nbsp; PB Fintech Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 106929 | &nbsp;&nbsp;&nbsp;&nbsp; 1926625 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 83681 | &nbsp;&nbsp;&nbsp;&nbsp; 263918 |
| &nbsp;&nbsp;&nbsp; Polycab India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10303 | &nbsp;&nbsp;&nbsp;&nbsp; 787568 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 259806 | &nbsp;&nbsp;&nbsp;&nbsp; 725255 |
| &nbsp;&nbsp;&nbsp; Punjab National Bank | &nbsp;&nbsp;&nbsp;&nbsp; 671271 | &nbsp;&nbsp;&nbsp;&nbsp; 915123 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 538795 | &nbsp;&nbsp;&nbsp;&nbsp; 8186955 |
| &nbsp;&nbsp;&nbsp; SBI Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 144992 | &nbsp;&nbsp;&nbsp;&nbsp; 3153943 |
| &nbsp;&nbsp;&nbsp; Shriram Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 323673 | &nbsp;&nbsp;&nbsp;&nbsp; 3592949 |
| &nbsp;&nbsp;&nbsp; State Bank of India | &nbsp;&nbsp;&nbsp;&nbsp; 79301 | &nbsp;&nbsp;&nbsp;&nbsp; 929459 |
| &nbsp;&nbsp;&nbsp; Syngene International Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 148155 | &nbsp;&nbsp;&nbsp;&nbsp; 763365 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 187926 | &nbsp;&nbsp;&nbsp;&nbsp; 6391005 |
| &nbsp;&nbsp;&nbsp; Tata Motors Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 304666 | &nbsp;&nbsp;&nbsp;&nbsp; 1518569 |
| &nbsp;&nbsp;&nbsp; Tata Steel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 130989 | &nbsp;&nbsp;&nbsp;&nbsp; 273421 |
| &nbsp;&nbsp;&nbsp; Tech Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 42764 | &nbsp;&nbsp;&nbsp;&nbsp; 811406 |
| &nbsp;&nbsp;&nbsp; Trent Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15863 | &nbsp;&nbsp;&nbsp;&nbsp; 653314 |
| &nbsp;&nbsp;&nbsp; Tube Investments of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 45301 | &nbsp;&nbsp;&nbsp;&nbsp; 1152822 |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2087 | &nbsp;&nbsp;&nbsp;&nbsp; 288449 |
| &nbsp;&nbsp;&nbsp; Vedanta Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 86299 | &nbsp;&nbsp;&nbsp;&nbsp; 638250 |
| &nbsp;&nbsp;&nbsp; Wipro Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 105223 | &nbsp;&nbsp;&nbsp;&nbsp; 271496 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 159930451 |
| **Indonesia — 1.3%** | **Indonesia — 1.3%** | **Indonesia — 1.3%** |
| &nbsp;&nbsp;&nbsp; Amman Mineral Internasional PT \* | &nbsp;&nbsp;&nbsp;&nbsp; 589600 | &nbsp;&nbsp;&nbsp;&nbsp; 265091 |
| &nbsp;&nbsp;&nbsp; Aneka Tambang Tbk. | &nbsp;&nbsp;&nbsp;&nbsp; 1806800 | &nbsp;&nbsp;&nbsp;&nbsp; 444806 |
| &nbsp;&nbsp;&nbsp; Archi Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 3086900 | &nbsp;&nbsp;&nbsp;&nbsp; 317192 |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1537400 | &nbsp;&nbsp;&nbsp;&nbsp; 582938 |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 14853800 | &nbsp;&nbsp;&nbsp;&nbsp; 6563143 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1510400 | &nbsp;&nbsp;&nbsp;&nbsp; 405399 |
| &nbsp;&nbsp;&nbsp; Bank Rakyat Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 19746670 | &nbsp;&nbsp;&nbsp;&nbsp; 4482573 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Indonesia — continued** | **Indonesia — continued** | **Indonesia — continued** |
| &nbsp;&nbsp;&nbsp; GoTo Gojek Tokopedia Tbk. PT \* | &nbsp;&nbsp;&nbsp;&nbsp; 68861799 | &nbsp;&nbsp;&nbsp;&nbsp; 264740 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 24887700 | &nbsp;&nbsp;&nbsp;&nbsp; 5320005 |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 2884300 | &nbsp;&nbsp;&nbsp;&nbsp; 330788 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18976675 |
| **Kazakhstan — 0.2%** | **Kazakhstan — 0.2%** | **Kazakhstan — 0.2%** |
| &nbsp;&nbsp;&nbsp; Kaspi.KZ JSC, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 19926 | &nbsp;&nbsp;&nbsp;&nbsp; 1517763 |
| &nbsp;&nbsp;&nbsp; NAC Kazatomprom JSC, GDR (a) | &nbsp;&nbsp;&nbsp;&nbsp; 23305 | &nbsp;&nbsp;&nbsp;&nbsp; 1904310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3422073 |
| **Kuwait — 0.1%** | **Kuwait — 0.1%** | **Kuwait — 0.1%** |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait SAKP | &nbsp;&nbsp;&nbsp;&nbsp; 362976 | &nbsp;&nbsp;&nbsp;&nbsp; 1124638 |
| **Macau — 0.0% ^** | **Macau — 0.0% ^** | **Macau — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 355653 |
| **Malaysia — 0.5%** | **Malaysia — 0.5%** | **Malaysia — 0.5%** |
| &nbsp;&nbsp;&nbsp; AMMB Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 238800 | &nbsp;&nbsp;&nbsp;&nbsp; 390560 |
| &nbsp;&nbsp;&nbsp; CIMB Group Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 919000 | &nbsp;&nbsp;&nbsp;&nbsp; 2002238 |
| &nbsp;&nbsp;&nbsp; Gamuda Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 324400 | &nbsp;&nbsp;&nbsp;&nbsp; 364734 |
| &nbsp;&nbsp;&nbsp; IHH Healthcare Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 207400 | &nbsp;&nbsp;&nbsp;&nbsp; 470896 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 209700 | &nbsp;&nbsp;&nbsp;&nbsp; 627607 |
| &nbsp;&nbsp;&nbsp; Press Metal Aluminium Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 279200 | &nbsp;&nbsp;&nbsp;&nbsp; 535207 |
| &nbsp;&nbsp;&nbsp; Public Bank Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 788400 | &nbsp;&nbsp;&nbsp;&nbsp; 974457 |
| &nbsp;&nbsp;&nbsp; Sunway Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 401100 | &nbsp;&nbsp;&nbsp;&nbsp; 584965 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 185800 | &nbsp;&nbsp;&nbsp;&nbsp; 657382 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6608046 |
| **Mexico — 2.2%** | **Mexico — 2.2%** | **Mexico — 2.2%** |
| &nbsp;&nbsp;&nbsp; America Movil SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 390389 | &nbsp;&nbsp;&nbsp;&nbsp; 403658 |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 86615 | &nbsp;&nbsp;&nbsp;&nbsp; 975633 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 2118645 | &nbsp;&nbsp;&nbsp;&nbsp; 2633152 |
| &nbsp;&nbsp;&nbsp; Corp. Inmobiliaria Vesta SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 214319 | &nbsp;&nbsp;&nbsp;&nbsp; 662113 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 149537 | &nbsp;&nbsp;&nbsp;&nbsp; 1560487 |
| &nbsp;&nbsp;&nbsp; Gentera SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 534106 | &nbsp;&nbsp;&nbsp;&nbsp; 1484409 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 36091 | &nbsp;&nbsp;&nbsp;&nbsp; 992151 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 65975 | &nbsp;&nbsp;&nbsp;&nbsp; 2281830 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp; 920442 | &nbsp;&nbsp;&nbsp;&nbsp; 10376830 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 295313 | &nbsp;&nbsp;&nbsp;&nbsp; 3258480 |
| &nbsp;&nbsp;&nbsp; Regional SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 106024 | &nbsp;&nbsp;&nbsp;&nbsp; 950855 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3018 | &nbsp;&nbsp;&nbsp;&nbsp; 574386 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 1635554 | &nbsp;&nbsp;&nbsp;&nbsp; 5190423 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31344407 |
| **Panama — 0.2%** | **Panama — 0.2%** | **Panama — 0.2%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 15823 | &nbsp;&nbsp;&nbsp;&nbsp; 2158257 |
| **Peru — 0.5%** | **Peru — 0.5%** | **Peru — 0.5%** |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20336 | &nbsp;&nbsp;&nbsp;&nbsp; 7256495 |
| &nbsp;&nbsp;&nbsp; Intercorp Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 6994 | &nbsp;&nbsp;&nbsp;&nbsp; 342566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7599061 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Philippines — 0.2%** | **Philippines — 0.2%** | **Philippines — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ayala Land, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 825200 | &nbsp;&nbsp;&nbsp;&nbsp; 297542 |
| &nbsp;&nbsp;&nbsp; Bank of the Philippine Islands | &nbsp;&nbsp;&nbsp;&nbsp; 358770 | &nbsp;&nbsp;&nbsp;&nbsp; 755555 |
| &nbsp;&nbsp;&nbsp; BDO Unibank, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 255944 | &nbsp;&nbsp;&nbsp;&nbsp; 586608 |
| &nbsp;&nbsp;&nbsp; International Container Terminal Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 101150 | &nbsp;&nbsp;&nbsp;&nbsp; 1107891 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2747596 |
| **Poland — 0.6%** | **Poland — 0.6%** | **Poland — 0.6%** |
| &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki SA | &nbsp;&nbsp;&nbsp;&nbsp; 8671 | &nbsp;&nbsp;&nbsp;&nbsp; 527353 |
| &nbsp;&nbsp;&nbsp; Benefit Systems SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 980 | &nbsp;&nbsp;&nbsp;&nbsp; 1055404 |
| &nbsp;&nbsp;&nbsp; Budimex SA | &nbsp;&nbsp;&nbsp;&nbsp; 3315 | &nbsp;&nbsp;&nbsp;&nbsp; 640832 |
| &nbsp;&nbsp;&nbsp; KGHM Polska Miedz SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 22043 | &nbsp;&nbsp;&nbsp;&nbsp; 2045296 |
| &nbsp;&nbsp;&nbsp; KRUK SA | &nbsp;&nbsp;&nbsp;&nbsp; 3505 | &nbsp;&nbsp;&nbsp;&nbsp; 481932 |
| &nbsp;&nbsp;&nbsp; ORLEN SA | &nbsp;&nbsp;&nbsp;&nbsp; 16057 | &nbsp;&nbsp;&nbsp;&nbsp; 488014 |
| &nbsp;&nbsp;&nbsp; Powszechny Zaklad Ubezpieczen SA | &nbsp;&nbsp;&nbsp;&nbsp; 151724 | &nbsp;&nbsp;&nbsp;&nbsp; 2985373 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8224204 |
| **Portugal — 0.1%** | **Portugal — 0.1%** | **Portugal — 0.1%** |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 83021 | &nbsp;&nbsp;&nbsp;&nbsp; 1957723 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| &nbsp;&nbsp;&nbsp; Qatar Gas Transport Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 577499 | &nbsp;&nbsp;&nbsp;&nbsp; 761328 |
| &nbsp;&nbsp;&nbsp; Qatar National Bank QPSC | &nbsp;&nbsp;&nbsp;&nbsp; 366604 | &nbsp;&nbsp;&nbsp;&nbsp; 1997405 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2758733 |
| **Romania — 0.0% ^** | **Romania — 0.0% ^** | **Romania — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Banca Transilvania SA | &nbsp;&nbsp;&nbsp;&nbsp; 71375 | &nbsp;&nbsp;&nbsp;&nbsp; 538298 |
| **Russia — 0.0%** | **Russia — 0.0%** | **Russia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Gazprom PJSC, ADR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 12780 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Gazprom PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 1135066 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; GMK Norilskiy Nickel PAO, ADR ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 2018 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; GMK Norilskiy Nickel PAO ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 203600 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel Works PJSC, GDR ‡ \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 12378 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Moscow Exchange MICEX-RTS PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 571670 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Rosneft Oil Co. PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 141777 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 629236 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Severstal PAO, GDR ‡ \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 98048 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; VTB Bank PJSC ‡ \* | &nbsp;&nbsp;&nbsp;&nbsp; 33690 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; X5 Retail Group NV, GDR ‡ \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Saudi Arabia — 1.3%** | **Saudi Arabia — 1.3%** | **Saudi Arabia — 1.3%** |
| &nbsp;&nbsp;&nbsp; Ades Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 93349 | &nbsp;&nbsp;&nbsp;&nbsp; 478300 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank | &nbsp;&nbsp;&nbsp;&nbsp; 223050 | &nbsp;&nbsp;&nbsp;&nbsp; 6369485 |
| &nbsp;&nbsp;&nbsp; Aldrees Petroleum and Transport Services Co. | &nbsp;&nbsp;&nbsp;&nbsp; 17749 | &nbsp;&nbsp;&nbsp;&nbsp; 565168 |
| &nbsp;&nbsp;&nbsp; Arab National Bank | &nbsp;&nbsp;&nbsp;&nbsp; 75360 | &nbsp;&nbsp;&nbsp;&nbsp; 457379 |
| &nbsp;&nbsp;&nbsp; Arabian Centres Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 58478 | &nbsp;&nbsp;&nbsp;&nbsp; 304762 |
| &nbsp;&nbsp;&nbsp; Elm Co. | &nbsp;&nbsp;&nbsp;&nbsp; 4538 | &nbsp;&nbsp;&nbsp;&nbsp; 938592 |
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | &nbsp;&nbsp;&nbsp;&nbsp; 22668 | &nbsp;&nbsp;&nbsp;&nbsp; 426569 |
| &nbsp;&nbsp;&nbsp; Riyad Bank | &nbsp;&nbsp;&nbsp;&nbsp; 106437 | &nbsp;&nbsp;&nbsp;&nbsp; 798774 |
| &nbsp;&nbsp;&nbsp; Riyadh Cables Group Co. | &nbsp;&nbsp;&nbsp;&nbsp; 15192 | &nbsp;&nbsp;&nbsp;&nbsp; 528755 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Saudi Arabia — continued** | **Saudi Arabia — continued** | **Saudi Arabia — continued** |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 236997 | &nbsp;&nbsp;&nbsp;&nbsp; 1629171 |
| &nbsp;&nbsp;&nbsp; Saudi Awwal Bank | &nbsp;&nbsp;&nbsp;&nbsp; 71568 | &nbsp;&nbsp;&nbsp;&nbsp; 680038 |
| &nbsp;&nbsp;&nbsp; Saudi Ground Services Co. | &nbsp;&nbsp;&nbsp;&nbsp; 50335 | &nbsp;&nbsp;&nbsp;&nbsp; 497487 |
| &nbsp;&nbsp;&nbsp; Saudi National Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp; 339535 | &nbsp;&nbsp;&nbsp;&nbsp; 4060986 |
| &nbsp;&nbsp;&nbsp; United Electronics Co. | &nbsp;&nbsp;&nbsp;&nbsp; 17278 | &nbsp;&nbsp;&nbsp;&nbsp; 404875 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18140341 |
| **Singapore — 0.1%** | **Singapore — 0.1%** | **Singapore — 0.1%** |
| &nbsp;&nbsp;&nbsp; Grab Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 76468 | &nbsp;&nbsp;&nbsp;&nbsp; 328812 |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 11703 | &nbsp;&nbsp;&nbsp;&nbsp; 1363283 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1692095 |
| **South Africa — 2.7%** | **South Africa — 2.7%** | **South Africa — 2.7%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 157085 | &nbsp;&nbsp;&nbsp;&nbsp; 2475277 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 56683 | &nbsp;&nbsp;&nbsp;&nbsp; 1418676 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 78682 | &nbsp;&nbsp;&nbsp;&nbsp; 1138503 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21612 | &nbsp;&nbsp;&nbsp;&nbsp; 5802687 |
| &nbsp;&nbsp;&nbsp; Discovery Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 47613 | &nbsp;&nbsp;&nbsp;&nbsp; 693279 |
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 479173 | &nbsp;&nbsp;&nbsp;&nbsp; 2733134 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 99338 | &nbsp;&nbsp;&nbsp;&nbsp; 4912728 |
| &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 80253 | &nbsp;&nbsp;&nbsp;&nbsp; 1705261 |
| &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 38687 | &nbsp;&nbsp;&nbsp;&nbsp; 721097 |
| &nbsp;&nbsp;&nbsp; Kumba Iron Ore Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 37474 | &nbsp;&nbsp;&nbsp;&nbsp; 835140 |
| &nbsp;&nbsp;&nbsp; Momentum Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 168070 | &nbsp;&nbsp;&nbsp;&nbsp; 391934 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 96077 | &nbsp;&nbsp;&nbsp;&nbsp; 1066894 |
| &nbsp;&nbsp;&nbsp; Naspers Ltd., Class N | &nbsp;&nbsp;&nbsp;&nbsp; 20703 | &nbsp;&nbsp;&nbsp;&nbsp; 1267547 |
| &nbsp;&nbsp;&nbsp; Nedbank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 87579 | &nbsp;&nbsp;&nbsp;&nbsp; 1438565 |
| &nbsp;&nbsp;&nbsp; Northam Platinum Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15031 | &nbsp;&nbsp;&nbsp;&nbsp; 358121 |
| &nbsp;&nbsp;&nbsp; Sanlam Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 145699 | &nbsp;&nbsp;&nbsp;&nbsp; 910971 |
| &nbsp;&nbsp;&nbsp; Sasol Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 317247 | &nbsp;&nbsp;&nbsp;&nbsp; 2240806 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 101694 | &nbsp;&nbsp;&nbsp;&nbsp; 1677849 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 284958 | &nbsp;&nbsp;&nbsp;&nbsp; 1240254 |
| &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 158580 | &nbsp;&nbsp;&nbsp;&nbsp; 2914380 |
| &nbsp;&nbsp;&nbsp; Valterra Platinum Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12591 | &nbsp;&nbsp;&nbsp;&nbsp; 1131278 |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 105494 | &nbsp;&nbsp;&nbsp;&nbsp; 983250 |
| &nbsp;&nbsp;&nbsp; We Buy Cars Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 137207 | &nbsp;&nbsp;&nbsp;&nbsp; 390121 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 108033 | &nbsp;&nbsp;&nbsp;&nbsp; 362211 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 38809963 |
| **South Korea — 16.6%** | **South Korea — 16.6%** | **South Korea — 16.6%** |
| &nbsp;&nbsp;&nbsp; BGF retail Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 11604 | &nbsp;&nbsp;&nbsp;&nbsp; 977236 |
| &nbsp;&nbsp;&nbsp; BNK Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61366 | &nbsp;&nbsp;&nbsp;&nbsp; 707128 |
| &nbsp;&nbsp;&nbsp; Cheil Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23061 | &nbsp;&nbsp;&nbsp;&nbsp; 351224 |
| &nbsp;&nbsp;&nbsp; Coupang, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 64967 | &nbsp;&nbsp;&nbsp;&nbsp; 1309735 |
| &nbsp;&nbsp;&nbsp; Coway Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5091 | &nbsp;&nbsp;&nbsp;&nbsp; 294566 |
| &nbsp;&nbsp;&nbsp; Daeduck Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14616 | &nbsp;&nbsp;&nbsp;&nbsp; 635125 |
| &nbsp;&nbsp;&nbsp; DB Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 27049 | &nbsp;&nbsp;&nbsp;&nbsp; 2670533 |
| &nbsp;&nbsp;&nbsp; Eugene Technology Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 25441 | &nbsp;&nbsp;&nbsp;&nbsp; 1934736 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67509 | &nbsp;&nbsp;&nbsp;&nbsp; 4690666 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; Hanmi Pharm Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1819 | &nbsp;&nbsp;&nbsp;&nbsp; 612444 |
| &nbsp;&nbsp;&nbsp; Hansol Chemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2603 | &nbsp;&nbsp;&nbsp;&nbsp; 506812 |
| &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5355 | &nbsp;&nbsp;&nbsp;&nbsp; 4820471 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3863 | &nbsp;&nbsp;&nbsp;&nbsp; 2366647 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Heavy Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5378 | &nbsp;&nbsp;&nbsp;&nbsp; 2140606 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Marine Solution Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9369 | &nbsp;&nbsp;&nbsp;&nbsp; 1187915 |
| &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3091 | &nbsp;&nbsp;&nbsp;&nbsp; 885367 |
| &nbsp;&nbsp;&nbsp; HDC Hyundai Development Co-Engineering & Construction, Class E | &nbsp;&nbsp;&nbsp;&nbsp; 27237 | &nbsp;&nbsp;&nbsp;&nbsp; 388639 |
| &nbsp;&nbsp;&nbsp; Hugel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5594 | &nbsp;&nbsp;&nbsp;&nbsp; 1068988 |
| &nbsp;&nbsp;&nbsp; Hyundai Department Store Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5729 | &nbsp;&nbsp;&nbsp;&nbsp; 372307 |
| &nbsp;&nbsp;&nbsp; Hyundai Engineering & Construction Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8679 | &nbsp;&nbsp;&nbsp;&nbsp; 616057 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12730 | &nbsp;&nbsp;&nbsp;&nbsp; 2146270 |
| &nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7883 | &nbsp;&nbsp;&nbsp;&nbsp; 2463098 |
| &nbsp;&nbsp;&nbsp; Hyundai Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp; 19230 | &nbsp;&nbsp;&nbsp;&nbsp; 6694071 |
| &nbsp;&nbsp;&nbsp; JB Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 33342 | &nbsp;&nbsp;&nbsp;&nbsp; 581744 |
| &nbsp;&nbsp;&nbsp; JYP Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3669 | &nbsp;&nbsp;&nbsp;&nbsp; 186720 |
| &nbsp;&nbsp;&nbsp; Kakao Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6791 | &nbsp;&nbsp;&nbsp;&nbsp; 288647 |
| &nbsp;&nbsp;&nbsp; Kangwon Land, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 22936 | &nbsp;&nbsp;&nbsp;&nbsp; 277400 |
| &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30260 | &nbsp;&nbsp;&nbsp;&nbsp; 2832312 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 93861 | &nbsp;&nbsp;&nbsp;&nbsp; 9987112 |
| &nbsp;&nbsp;&nbsp; KIWOOM Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4275 | &nbsp;&nbsp;&nbsp;&nbsp; 1314047 |
| &nbsp;&nbsp;&nbsp; Kolmar Korea Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5132 | &nbsp;&nbsp;&nbsp;&nbsp; 248496 |
| &nbsp;&nbsp;&nbsp; Korea Aerospace Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 27080 | &nbsp;&nbsp;&nbsp;&nbsp; 3156155 |
| &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47894 | &nbsp;&nbsp;&nbsp;&nbsp; 1931714 |
| &nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16817 | &nbsp;&nbsp;&nbsp;&nbsp; 2515734 |
| &nbsp;&nbsp;&nbsp; Korean Air Lines Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33785 | &nbsp;&nbsp;&nbsp;&nbsp; 544720 |
| &nbsp;&nbsp;&nbsp; KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19533 | &nbsp;&nbsp;&nbsp;&nbsp; 772796 |
| &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 4549 | &nbsp;&nbsp;&nbsp;&nbsp; 454356 |
| &nbsp;&nbsp;&nbsp; LEENO Industrial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8961 | &nbsp;&nbsp;&nbsp;&nbsp; 652430 |
| &nbsp;&nbsp;&nbsp; LG Chem Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8139 | &nbsp;&nbsp;&nbsp;&nbsp; 1747617 |
| &nbsp;&nbsp;&nbsp; LG Energy Solution Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 2225 | &nbsp;&nbsp;&nbsp;&nbsp; 611622 |
| &nbsp;&nbsp;&nbsp; LG Uplus Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29402 | &nbsp;&nbsp;&nbsp;&nbsp; 326825 |
| &nbsp;&nbsp;&nbsp; LigaChem Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5797 | &nbsp;&nbsp;&nbsp;&nbsp; 812253 |
| &nbsp;&nbsp;&nbsp; Lotte Tour Development Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30613 | &nbsp;&nbsp;&nbsp;&nbsp; 532832 |
| &nbsp;&nbsp;&nbsp; NAVER Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14011 | &nbsp;&nbsp;&nbsp;&nbsp; 2663235 |
| &nbsp;&nbsp;&nbsp; NongShim Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1383 | &nbsp;&nbsp;&nbsp;&nbsp; 389844 |
| &nbsp;&nbsp;&nbsp; Park Systems Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1883 | &nbsp;&nbsp;&nbsp;&nbsp; 395552 |
| &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2113 | &nbsp;&nbsp;&nbsp;&nbsp; 507043 |
| &nbsp;&nbsp;&nbsp; PSK, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10251 | &nbsp;&nbsp;&nbsp;&nbsp; 433084 |
| &nbsp;&nbsp;&nbsp; Samsung Biologics Co. Ltd. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1909 | &nbsp;&nbsp;&nbsp;&nbsp; 2307045 |
| &nbsp;&nbsp;&nbsp; Samsung C&T Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 17931 | &nbsp;&nbsp;&nbsp;&nbsp; 3737799 |
| &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15756 | &nbsp;&nbsp;&nbsp;&nbsp; 3030174 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 791427 | &nbsp;&nbsp;&nbsp;&nbsp; 87432723 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7215 | &nbsp;&nbsp;&nbsp;&nbsp; 2511265 |
| &nbsp;&nbsp;&nbsp; Samsung Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6754 | &nbsp;&nbsp;&nbsp;&nbsp; 423936 |
| &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 105632 | &nbsp;&nbsp;&nbsp;&nbsp; 6173529 |
| &nbsp;&nbsp;&nbsp; SK hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 73189 | &nbsp;&nbsp;&nbsp;&nbsp; 45697563 |
| &nbsp;&nbsp;&nbsp; SK Square Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8294 | &nbsp;&nbsp;&nbsp;&nbsp; 3246698 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; SK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12064 | &nbsp;&nbsp;&nbsp;&nbsp; 2785962 |
| &nbsp;&nbsp;&nbsp; S-Oil Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 31742 | &nbsp;&nbsp;&nbsp;&nbsp; 2331928 |
| &nbsp;&nbsp;&nbsp; Soulbrain Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1746 | &nbsp;&nbsp;&nbsp;&nbsp; 585924 |
| &nbsp;&nbsp;&nbsp; Sung Kwang Bend Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14191 | &nbsp;&nbsp;&nbsp;&nbsp; 319903 |
| &nbsp;&nbsp;&nbsp; Tokai Carbon Korea Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6594 | &nbsp;&nbsp;&nbsp;&nbsp; 1078456 |
| &nbsp;&nbsp;&nbsp; YC Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 40232 | &nbsp;&nbsp;&nbsp;&nbsp; 543114 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 236210950 |
| **Spain — 0.6%** | **Spain — 0.6%** | **Spain — 0.6%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 358534 | &nbsp;&nbsp;&nbsp;&nbsp; 9100911 |
| **Taiwan — 21.8%** | **Taiwan — 21.8%** | **Taiwan — 21.8%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 140113 | &nbsp;&nbsp;&nbsp;&nbsp; 4898806 |
| &nbsp;&nbsp;&nbsp; All Ring Tech Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp; 734324 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 908258 | &nbsp;&nbsp;&nbsp;&nbsp; 8444174 |
| &nbsp;&nbsp;&nbsp; ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8040 | &nbsp;&nbsp;&nbsp;&nbsp; 2248434 |
| &nbsp;&nbsp;&nbsp; Bizlink Holding, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp;&nbsp; 1462006 |
| &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1640124 | &nbsp;&nbsp;&nbsp;&nbsp; 3907567 |
| &nbsp;&nbsp;&nbsp; Chroma ATE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp; 2057330 |
| &nbsp;&nbsp;&nbsp; Compeq Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 137000 | &nbsp;&nbsp;&nbsp;&nbsp; 730454 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3151831 | &nbsp;&nbsp;&nbsp;&nbsp; 5078059 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 452357 | &nbsp;&nbsp;&nbsp;&nbsp; 17263005 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1705505 | &nbsp;&nbsp;&nbsp;&nbsp; 1806017 |
| &nbsp;&nbsp;&nbsp; Elite Material Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 91265 | &nbsp;&nbsp;&nbsp;&nbsp; 4950446 |
| &nbsp;&nbsp;&nbsp; eMemory Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 13000 | &nbsp;&nbsp;&nbsp;&nbsp; 748734 |
| &nbsp;&nbsp;&nbsp; Formosa Chemicals & Fibre Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 584000 | &nbsp;&nbsp;&nbsp;&nbsp; 781786 |
| &nbsp;&nbsp;&nbsp; Fortune Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 66400 | &nbsp;&nbsp;&nbsp;&nbsp; 2026620 |
| &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 898000 | &nbsp;&nbsp;&nbsp;&nbsp; 2578680 |
| &nbsp;&nbsp;&nbsp; Gold Circuit Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp; 1987171 |
| &nbsp;&nbsp;&nbsp; Grand Process Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 995787 |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 784968 | &nbsp;&nbsp;&nbsp;&nbsp; 5426030 |
| &nbsp;&nbsp;&nbsp; Hon Precision, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp; 1668255 |
| &nbsp;&nbsp;&nbsp; Jentech Precision Industrial Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 27519 | &nbsp;&nbsp;&nbsp;&nbsp; 2438191 |
| &nbsp;&nbsp;&nbsp; King Slide Works Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp; 1575121 |
| &nbsp;&nbsp;&nbsp; King Yuan Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp; 667092 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 35519 | &nbsp;&nbsp;&nbsp;&nbsp; 2707163 |
| &nbsp;&nbsp;&nbsp; Marketech International Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp; 400202 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 121816 | &nbsp;&nbsp;&nbsp;&nbsp; 6757199 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2397000 | &nbsp;&nbsp;&nbsp;&nbsp; 2947472 |
| &nbsp;&nbsp;&nbsp; MPI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 43000 | &nbsp;&nbsp;&nbsp;&nbsp; 3398245 |
| &nbsp;&nbsp;&nbsp; Nan Ya Printed Circuit Board Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 63000 | &nbsp;&nbsp;&nbsp;&nbsp; 767294 |
| &nbsp;&nbsp;&nbsp; Nanya Technology Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp; 1326079 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 79512 | &nbsp;&nbsp;&nbsp;&nbsp; 1072799 |
| &nbsp;&nbsp;&nbsp; Parade Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 501692 |
| &nbsp;&nbsp;&nbsp; Powertech Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp; 530544 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 187035 | &nbsp;&nbsp;&nbsp;&nbsp; 1270001 |
| &nbsp;&nbsp;&nbsp; Quanta Computer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 503248 | &nbsp;&nbsp;&nbsp;&nbsp; 4430179 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 352078 | &nbsp;&nbsp;&nbsp;&nbsp; 5386721 |
| &nbsp;&nbsp;&nbsp; Sunonwealth Electric Machine Industry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 79000 | &nbsp;&nbsp;&nbsp;&nbsp; 355297 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Taiwan — continued** | **Taiwan — continued** | **Taiwan — continued** |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 407081 | &nbsp;&nbsp;&nbsp;&nbsp; 1364957 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3230820 | &nbsp;&nbsp;&nbsp;&nbsp; 178651220 |
| &nbsp;&nbsp;&nbsp; Tripod Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp; 436057 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 800035 | &nbsp;&nbsp;&nbsp;&nbsp; 1820099 |
| &nbsp;&nbsp;&nbsp; United Microelectronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 803000 | &nbsp;&nbsp;&nbsp;&nbsp; 1597773 |
| &nbsp;&nbsp;&nbsp; Universal Microwave Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp; 2109417 |
| &nbsp;&nbsp;&nbsp; Vanguard International Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 313060 | &nbsp;&nbsp;&nbsp;&nbsp; 1419132 |
| &nbsp;&nbsp;&nbsp; WinWay Technology Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 614650 |
| &nbsp;&nbsp;&nbsp; Wistron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 913074 | &nbsp;&nbsp;&nbsp;&nbsp; 3736662 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 48343 | &nbsp;&nbsp;&nbsp;&nbsp; 5418870 |
| &nbsp;&nbsp;&nbsp; WT Microelectronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 87000 | &nbsp;&nbsp;&nbsp;&nbsp; 429512 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1914302 | &nbsp;&nbsp;&nbsp;&nbsp; 2607722 |
| &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 638000 | &nbsp;&nbsp;&nbsp;&nbsp; 3931749 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 310462796 |
| **Thailand — 0.6%** | **Thailand — 0.6%** | **Thailand — 0.6%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 59600 | &nbsp;&nbsp;&nbsp;&nbsp; 660988 |
| &nbsp;&nbsp;&nbsp; Airports of Thailand PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 375900 | &nbsp;&nbsp;&nbsp;&nbsp; 600087 |
| &nbsp;&nbsp;&nbsp; Bumrungrad Hospital PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 101900 | &nbsp;&nbsp;&nbsp;&nbsp; 542151 |
| &nbsp;&nbsp;&nbsp; Central Pattana PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 263900 | &nbsp;&nbsp;&nbsp;&nbsp; 482787 |
| &nbsp;&nbsp;&nbsp; CP ALL PCL | &nbsp;&nbsp;&nbsp;&nbsp; 354700 | &nbsp;&nbsp;&nbsp;&nbsp; 489008 |
| &nbsp;&nbsp;&nbsp; Delta Electronics Thailand PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 206600 | &nbsp;&nbsp;&nbsp;&nbsp; 1336742 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 1235700 | &nbsp;&nbsp;&nbsp;&nbsp; 1108837 |
| &nbsp;&nbsp;&nbsp; Minor International PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 277800 | &nbsp;&nbsp;&nbsp;&nbsp; 201400 |
| &nbsp;&nbsp;&nbsp; PTT PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 791800 | &nbsp;&nbsp;&nbsp;&nbsp; 854738 |
| &nbsp;&nbsp;&nbsp; SCB X PCL | &nbsp;&nbsp;&nbsp;&nbsp; 567000 | &nbsp;&nbsp;&nbsp;&nbsp; 2441713 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8718451 |
| **Turkey — 0.7%** | **Turkey — 0.7%** | **Turkey — 0.7%** |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp; 379968 | &nbsp;&nbsp;&nbsp;&nbsp; 2658789 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp;&nbsp; 163055 | &nbsp;&nbsp;&nbsp;&nbsp; 2488336 |
| &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO | &nbsp;&nbsp;&nbsp;&nbsp; 185894 | &nbsp;&nbsp;&nbsp;&nbsp; 1300257 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 476102 | &nbsp;&nbsp;&nbsp;&nbsp; 1767143 |
| &nbsp;&nbsp;&nbsp; Turkiye Petrol Rafinerileri A/S | &nbsp;&nbsp;&nbsp;&nbsp; 215984 | &nbsp;&nbsp;&nbsp;&nbsp; 1217087 |
| &nbsp;&nbsp;&nbsp; Turkiye Sigorta A/S | &nbsp;&nbsp;&nbsp;&nbsp; 2050171 | &nbsp;&nbsp;&nbsp;&nbsp; 575162 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10006774 |
| **United Arab Emirates — 1.1%** | **United Arab Emirates — 1.1%** | **United Arab Emirates — 1.1%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 142798 | &nbsp;&nbsp;&nbsp;&nbsp; 592311 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 229411 | &nbsp;&nbsp;&nbsp;&nbsp; 1521488 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Oil Co. for Distribution PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 805311 | &nbsp;&nbsp;&nbsp;&nbsp; 899054 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 356819 | &nbsp;&nbsp;&nbsp;&nbsp; 517861 |
| &nbsp;&nbsp;&nbsp; ADNOC Logistics & Services | &nbsp;&nbsp;&nbsp;&nbsp; 333025 | &nbsp;&nbsp;&nbsp;&nbsp; 508923 |
| &nbsp;&nbsp;&nbsp; Air Arabia PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 269124 | &nbsp;&nbsp;&nbsp;&nbsp; 365245 |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 612090 | &nbsp;&nbsp;&nbsp;&nbsp; 1600133 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 634922 | &nbsp;&nbsp;&nbsp;&nbsp; 1670339 |
| &nbsp;&nbsp;&nbsp; Emaar Development PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 182168 | &nbsp;&nbsp;&nbsp;&nbsp; 853176 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 1010759 | &nbsp;&nbsp;&nbsp;&nbsp; 4134706 |
| &nbsp;&nbsp;&nbsp; Emirates Integrated Telecommunications Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 248110 | &nbsp;&nbsp;&nbsp;&nbsp; 695856 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Arab Emirates — continued** | **United Arab Emirates — continued** | **United Arab Emirates — continued** |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 155741 | &nbsp;&nbsp;&nbsp;&nbsp; 1318869 |
| &nbsp;&nbsp;&nbsp; Parkin Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 312288 | &nbsp;&nbsp;&nbsp;&nbsp; 525822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15203783 |
| **United States — 0.5%** | **United States — 0.5%** | **United States — 0.5%** |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5843 | &nbsp;&nbsp;&nbsp;&nbsp; 1218850 |
| &nbsp;&nbsp;&nbsp; ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44574 | &nbsp;&nbsp;&nbsp;&nbsp; 1745072 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 51630 | &nbsp;&nbsp;&nbsp;&nbsp; 2276883 |
| &nbsp;&nbsp;&nbsp; Kolon TissueGene, Inc., Receipts \* | &nbsp;&nbsp;&nbsp;&nbsp; 7916 | &nbsp;&nbsp;&nbsp;&nbsp; 575274 |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1124150 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6940229 |
| **Vietnam — 0.1%** | **Vietnam — 0.1%** | **Vietnam — 0.1%** |
| &nbsp;&nbsp;&nbsp; FPT Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 80800 | &nbsp;&nbsp;&nbsp;&nbsp; 325347 |
| &nbsp;&nbsp;&nbsp; Mobile World Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 107500 | &nbsp;&nbsp;&nbsp;&nbsp; 386137 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 711484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $933,058,682)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1400222664 |
| **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** |
| **Investment Companies — 1.6%** | **Investment Companies — 1.6%** | **Investment Companies — 1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 3.79% (c) (d) <br>(Cost $22,592,580)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22583623 | &nbsp;&nbsp;&nbsp;&nbsp; 22592656 |
| **Investment of Cash Collateral from Securities Loaned — 0.2%** | **Investment of Cash Collateral from Securities Loaned — 0.2%** | **Investment of Cash Collateral from Securities Loaned — 0.2%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 3.68% (c) (d)(Cost $2,967,415) | &nbsp;&nbsp;&nbsp;&nbsp; 2967416 | &nbsp;&nbsp;&nbsp;&nbsp; 2967416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $25,559,995)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 25560072 |
| **Total Investments — 100.3%** <br>**(Cost $958,618,677)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1425782736** |
| **Liabilities in Excess of Other Assets — (0.3)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(3891292)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1421891444** |

---

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

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

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| JSC | Joint Stock Company |
| NVDR | Non-Voting Depositary Receipt |
| PJSC | Public Joint Stock Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |
| REIT | Real Estate Investment Trust |
| RTS | Russian Trading System |
| 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.  |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Security exempt from registration pursuant to Regulation S under the Securities Act
 of 1933, as amended. Regulation S applies to securities 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 restrictions on resale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The security or a portion of this security is on loan at January 31, 2026. The total
 value of securities on loan at January 31, 2026 is $2,884,981.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The rate shown is the current yield as of January 31, 2026.

**Summary of Investments by Industry, January 31, 2026**

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>|
| Semiconductors & Semiconductor Equipment | 20.0<br> %<br>|
| Banks | 16.0 |
| Technology Hardware, Storage & Peripherals | 7.9 |
| Interactive Media & Services | 5.7 |
| Insurance | 4.4 |
| Broadline Retail | 4.0 |
| Electronic Equipment, Instruments & Components | 3.8 |
| Oil, Gas & Consumable Fuels | 3.1 |
| Metals & Mining | 2.3 |
| Automobiles | 2.3 |
| Capital Markets | 2.2 |
| Electrical Equipment | 2.2 |
| Machinery | 1.8 |
| Hotels, Restaurants & Leisure | 1.8 |
| IT Services | 1.5 |
| Consumer Staples Distribution & Retail | 1.2 |
| Consumer Finance | 1.2 |
| Entertainment | 1.1 |
| Automobile Components | 1.0 |
| Industrial Conglomerates | 1.0 |
| Others (each less than 1.0%) | 13.7 |
| Short-Term Investments | 1.8 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (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 "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

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

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

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

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

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

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

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

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

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

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

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Argentina | &nbsp;&nbsp;&nbsp;&nbsp; $945322 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $945322 |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 641220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 641220 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 655120 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 655120 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 84801448 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84801448 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 4076696 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4076696 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 16186184 | &nbsp;&nbsp;&nbsp;&nbsp; 344573844 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 360760028 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp; 1032917 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1032917 |
| &nbsp;&nbsp;&nbsp; Cyprus | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 866709 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 866709 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 458561 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 458561 |
| &nbsp;&nbsp;&nbsp; Georgia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 458413 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 458413 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 6564354 | &nbsp;&nbsp;&nbsp;&nbsp; 11443639 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18007993 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 2686480 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2686480 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; 283732 | &nbsp;&nbsp;&nbsp;&nbsp; 15496759 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15780491 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5307674 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5307674 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 22047483 | &nbsp;&nbsp;&nbsp;&nbsp; 137846509 | &nbsp;&nbsp;&nbsp;&nbsp; 36459 | &nbsp;&nbsp;&nbsp;&nbsp; 159930451 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; 330788 | &nbsp;&nbsp;&nbsp;&nbsp; 18645887 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18976675 |
| &nbsp;&nbsp;&nbsp; Kazakhstan | &nbsp;&nbsp;&nbsp;&nbsp; 1517763 | &nbsp;&nbsp;&nbsp;&nbsp; 1904310 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3422073 |
| &nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1124638 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1124638 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 355653 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 355653 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6608046 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6608046 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 31344407 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 31344407 |
| &nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp;&nbsp; 2158257 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2158257 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; 7599061 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7599061 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp; 755555 | &nbsp;&nbsp;&nbsp;&nbsp; 1992041 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2747596 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8224204 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8224204 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1957723 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1957723 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 761328 | &nbsp;&nbsp;&nbsp;&nbsp; 1997405 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2758733 |
| &nbsp;&nbsp;&nbsp; Romania | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 538298 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 538298 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>|
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; 4060986 | &nbsp;&nbsp;&nbsp;&nbsp; 14079355 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18140341 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; 1692095 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1692095 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 7424147 | &nbsp;&nbsp;&nbsp;&nbsp; 31385816 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38809963 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; 4147825 | &nbsp;&nbsp;&nbsp;&nbsp; 232063125 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 236210950 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9100911 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9100911 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; 1668255 | &nbsp;&nbsp;&nbsp;&nbsp; 308794541 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 310462796 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; 2930721 | &nbsp;&nbsp;&nbsp;&nbsp; 5787730 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8718451 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 575162 | &nbsp;&nbsp;&nbsp;&nbsp; 9431612 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10006774 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 4284816 | &nbsp;&nbsp;&nbsp;&nbsp; 10918967 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15203783 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 6364955 | &nbsp;&nbsp;&nbsp;&nbsp; 575274 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6940229 |
| &nbsp;&nbsp;&nbsp; Vietnam | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 711484 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 711484 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 216240737 | &nbsp;&nbsp;&nbsp;&nbsp; 1183945468 | &nbsp;&nbsp;&nbsp;&nbsp; 36459 | &nbsp;&nbsp;&nbsp;&nbsp; 1400222664 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 22592656 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22592656 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities <br> Loaned<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2967416 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2967416 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 25560072 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25560072 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $241800809 | &nbsp;&nbsp;&nbsp;&nbsp; $1183945468 | &nbsp;&nbsp;&nbsp;&nbsp; $36459 | &nbsp;&nbsp;&nbsp;&nbsp; $1425782736 |

---

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

 <br> (a) Value is zero.

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <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>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market <br> Fund Class IM Shares, 3.79% <br> (a) (b)<br>| $24898682 | $119746525 | $122054664 | $(392)<br>| $2505 | $22592656 | 22583623 | $224237 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending <br> Money Market Fund Agency SL <br> Class Shares, 3.68% (a) (b)<br>| 1509398 | 6704764 | 5246746 |  |  | 2967416 | 2967416 | 24998 |  |
| **Total** | $26408080 | $126451289 | $127301410 | $(392)<br>| $2505 | $25560072 |  | $249235 | $— |

---

&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, 2026.

------

## 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 ActiveBuilders Emerging Markets Equity ETF

- **b. EDGAR series identifier (if any):** S000071185

- **c. LEI of Series:** 549300YT4VMRJKDB1P44

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1427814504.30

**Total Liabilities:** $5923060.47

**Net Assets:** $1421891443.83

**Cash Not Reported:** $242962.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225965 | -1.28%               | 2.99%                | 8.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7776527.76              | $-25948779.99                              |
| Month 2  | $-2395593.67             | $35838490.03                               |
| Month 3  | $3657083.65              | $109993654.35                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Marketech International Corp.                            | Marketech International Corp.                                         | CUSIP: N/A<br>LEI: 2549004A0CNQ3K1DFZ53       | Long             | EC               | CORP              | TW        |     45000 | NS      | $400201.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| New Mexican Pesos                                        | New Mexican Pesos                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |     69417 | OU      | $3972.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pattana PCL                                      | Central Pattana PCL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    263900 | NS      | $482786.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd.                          | Korea Aerospace Industries Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     27080 | NS      | $3156154.87   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BNK Financial Group, Inc.                                | BNK Financial Group, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     61366 | NS      | $707127.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GF Securities Co. Ltd.                                   | GF Securities Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936       | Long             | EC               | CORP              | CN        |    272000 | NS      | $634728.02    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Dollar                                         | Hong Kong Dollar                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HK        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Jentech Precision Industrial Co. Ltd.                    | Jentech Precision Industrial Co. Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     27519 | NS      | $2438191.47   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co. Ltd.                             | China Yangtze Power Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |    368475 | NS      | $1395435.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Hava Yollari AO                                     | Turk Hava Yollari AO                                                  | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    185894 | NS      | $1300257.51   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KRUK SA                                                  | KRUK SA                                                               | CUSIP: N/A<br>LEI: 259400T1FZYBIW8XUJ78       | Long             | EC               | CORP              | PL        |      3505 | NS      | $481932.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Hotels Co. Ltd. (The)                             | Indian Hotels Co. Ltd. (The)                                          | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |     45977 | NS      | $337279.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd.                                               | Wipro Ltd.                                                            | CUSIP: N/A<br>LEI: 335800IFS1IJHESG8362       | Long             | EC               | CORP              | IN        |    105223 | NS      | $271495.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                              | Abu Dhabi Islamic Bank PJSC                                           | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    229411 | NS      | $1521487.85   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China International Capital Corp. Ltd.                   | China International Capital Corp. Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900OS3SVVTT56QN67       | Long             | EC               | CORP              | CN        |    615600 | NS      | $1668387.18   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SK, Inc.                                                 | SK, Inc.                                                              | CUSIP: N/A<br>LEI: 988400GMME8AOAFMDK34       | Long             | EC               | CORP              | KR        |     12064 | NS      | $2785962.23   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Berun Chemical Co. Ltd.                   | Inner Mongolia Berun Chemical Co. Ltd., Class A                       | CUSIP: N/A<br>LEI: 300300HF6XQ50FSVY467       | Long             | EC               | CORP              | CN        |    803500 | NS      | $975398.82    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd.                                     | Dr Lal PathLabs Ltd.                                                  | CUSIP: N/A<br>LEI: 984500E8E9CY102B9718       | Long             | EC               | CORP              | IN        |     14727 | NS      | $225906.85    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Riyadh Cables Group Co.                                  | Riyadh Cables Group Co.                                               | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     15192 | NS      | $528755.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Budimex SA                                               | Budimex SA                                                            | CUSIP: N/A<br>LEI: 25940093SDJZW2C1V355       | Long             | EC               | CORP              | PL        |      3315 | NS      | $640832.43    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Asset Management Co. Ltd.                           | HDFC Asset Management Co. Ltd.                                        | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |     83817 | NS      | $2294939.68   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shandong Himile Mechanical Science & Technology Co. Ltd. | Shandong Himile Mechanical Science & Technology Co. Ltd., Class A     | CUSIP: N/A<br>LEI: 655600LE14YR05ZRKX68       | Long             | EC               | CORP              | CN        |     50800 | NS      | $608553.12    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                            | Nien Made Enterprise Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     79512 | NS      | $1072798.60   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co. Ltd.                                | Haier Smart Home Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |    480600 | NS      | $1584403.43   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkish Lira                                             | Turkish Lira                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer, Inc.                                    | Quanta Computer, Inc.                                                 | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |    503248 | NS      | $4430178.91   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Largan Precision Co. Ltd.                                | Largan Precision Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     35519 | NS      | $2707163.47   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd.                                         | Public Bank Bhd.                                                      | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20       | Long             | EC               | CORP              | MY        |    788400 | NS      | $974457.39    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd.                                         | NU Holdings Ltd., Class A                                             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |    459372 | NS      | $8153853.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CG Power & Industrial Solutions Ltd.                     | CG Power & Industrial Solutions Ltd.                                  | CUSIP: N/A<br>LEI: 335800KN5UTZKUZN2703       | Long             | EC               | CORP              | IN        |    154353 | NS      | $983383.93    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services, Inc.                       | Intercorp Financial Services, Inc.                                    | CUSIP: N/A<br>LEI: 5299004181WFTEWB1398       | Long             | EC               | CORP              | PA        |      6994 | NS      | $342566.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Arabia PJSC                                          | Air Arabia PJSC                                                       | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    269124 | NS      | $365245.14    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                   | Taiwan Mobile Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    407081 | NS      | $1364957.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Info Edge India Ltd.                                     | Info Edge India Ltd.                                                  | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               | CORP              | IN        |    148270 | NS      | $2018036.10   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV               | Grupo Aeroportuario del Pacifico SAB de CV, Class B                   | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |     36091 | NS      | $992151.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cholamandalam Investment and Finance Co. Ltd.            | Cholamandalam Investment and Finance Co. Ltd.                         | CUSIP: N/A<br>LEI: 3358008DNPV45O4EII52       | Long             | EC               | CORP              | IN        |    220186 | NS      | $3910258.66   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Finance Group plc                                   | Lion Finance Group plc                                                | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GB        |      3318 | NS      | $458412.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhuzhou CRRC Times Electric Co. Ltd.                     | Zhuzhou CRRC Times Electric Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 529900PLNH7NQLN00B53       | Long             | EC               | CORP              | CN        |    210400 | NS      | $1150414.35   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd.                                       | Grab Holdings Ltd., Class A                                           | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | KY        |     76468 | NS      | $328812.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                         | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |      4181 | NS      | $570288.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Loncin Motor Co. Ltd.                                    | Loncin Motor Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: 300300UMZLAO4ZKCQD58       | Long             | EC               | CORP              | CN        |    754200 | NS      | $1661078.52   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp. Ltd.                                   | China Tower Corp. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |    318600 | NS      | $458394.29    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Daeduck Electronics Co. Ltd.                             | Daeduck Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14616 | NS      | $635125.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| YTO Express Group Co. Ltd.                               | YTO Express Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    168200 | NS      | $407742.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                       | Vodacom Group Ltd.                                                    | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    105494 | NS      | $983250.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     45009 | NS      | $381521.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                 | Sea Ltd.                                                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     11703 | NS      | $1363282.47   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Prudential Asset Management Co. Ltd.               | ICICI Prudential Asset Management Co. Ltd.                            | CUSIP: N/A<br>LEI: 213800C9H7BK49IV6Z79       | Long             | EC               | CORP              | IN        |     28806 | NS      | $930873.39    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   1537400 | NS      | $582938.02    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank (The)                                | Saudi National Bank (The)                                             | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |    339535 | NS      | $4060985.98   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                               | National Bank of Greece SA                                            | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    332670 | NS      | $5873104.27   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services, Inc.          | International Container Terminal Services, Inc.                       | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |    101150 | NS      | $1107890.60   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co.                                      | Etihad Etisalat Co.                                                   | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     22668 | NS      | $426568.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WinWay Technology Co. Ltd.                               | WinWay Technology Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      5000 | NS      | $614649.73    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital PCL                                  | Bumrungrad Hospital PCL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    101900 | NS      | $542150.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology, Inc.                                 | eMemory Technology, Inc.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     13000 | NS      | $748734.27    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co. Ltd.                                   | Weichai Power Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |   1092000 | NS      | $3701476.98   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                              | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |    366604 | NS      | $1997404.59   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd.                                           | Discovery Ltd.                                                        | CUSIP: N/A<br>LEI: 378900245A26169C8132       | Long             | EC               | CORP              | ZA        |     47613 | NS      | $693278.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp.                                           | LG Uplus Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     29402 | NS      | $326825.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd.                                     | Malayan Banking Bhd.                                                  | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    209700 | NS      | $627606.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Ya Printed Circuit Board Corp.                       | Nan Ya Printed Circuit Board Corp.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     63000 | NS      | $767294.01    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                            | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   1722386 | NS      | $36641328.00  | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunway Bhd.                                              | Sunway Bhd.                                                           | CUSIP: N/A<br>LEI: 254900IFSF5T1D6JKU83       | Long             | EC               | CORP              | MY        |    401100 | NS      | $584965.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                  | Meituan                                                               | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    262028 | NS      | $3239316.84   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bajaj Finance Ltd.                                       | Bajaj Finance Ltd.                                                    | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |    448231 | NS      | $4534915.91   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class H                                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   5782000 | NS      | $6868782.53   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co. Ltd.            | Inner Mongolia Yili Industrial Group Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 3003002Q2A863JPQFH06       | Long             | EC               | CORP              | CN        |    416813 | NS      | $1577673.16   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd.                            | Max Healthcare Institute Ltd.                                         | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |    191517 | NS      | $1994294.69   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co. Ltd.                   | China Pacific Insurance Group Co. Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    689600 | NS      | $3473402.91   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                                 | Jeronimo Martins SGPS SA                                              | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |     83021 | NS      | $1957723.23   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexaware Technologies Ltd.                               | Hexaware Technologies Ltd.                                            | CUSIP: N/A<br>LEI: 335800ZHALNQ1Q2JCP43       | Long             | EC               | CORP              | IN        |    117084 | NS      | $888283.73    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corp.                            | Mobile World Investment Corp.                                         | CUSIP: N/A<br>LEI: 254900ZRFNB8CRAHHO95       | Long             | EC               | CORP              | VN        |    107500 | NS      | $386136.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Huayou Cobalt Co. Ltd.                          | Zhejiang Huayou Cobalt Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 30030099QFLNMEGP7M05       | Long             | EC               | CORP              | CN        |     59500 | NS      | $609814.36    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                             | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     59600 | NS      | $660987.99    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kwality Wall's India Ltd.                                | Kwality Wall's India Ltd.                                             | CUSIP: N/A<br>LEI: 3358004HTUS7E8UHI349       | Long             | EC               | CORP              | IN        |     87795 | NS      | $36458.96     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                 | Wuliangye Yibin Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     78300 | NS      | $1179971.61   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                                   | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    784968 | NS      | $5426029.57   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella International Holdings Ltd.                       | Stella International Holdings Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    153500 | NS      | $283731.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WT Microelectronics Co. Ltd.                             | WT Microelectronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300B9CGCS0W06W129       | Long             | EC               | CORP              | TW        |     87000 | NS      | $429511.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co. Ltd.                        | New China Life Insurance Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |    109100 | NS      | $887139.19    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chilean Peso Currency                                    | Chilean Peso Currency                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CL        |      -660 | OU      | $-0.76        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| XCMG Construction Machinery Co. Ltd.                     | XCMG Construction Machinery Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300QGG1VFJ0WTJE78       | Long             | EC               | CORP              | CN        |   2397600 | NS      | $3699036.30   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kolon TissueGene, Inc.                                   | Kolon TissueGene, Inc.                                                | CUSIP: N/A<br>LEI: 5493000SYYLC88FUL781       | Long             | EC               | CORP              | US        |      7916 | NS      | $575274.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Grand Process Technology Corp.                           | Grand Process Technology Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     19000 | NS      | $995787.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd.                                             | LG Chem Ltd.                                                          | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |      8139 | NS      | $1747617.53   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Precision, Inc.                                      | Hon Precision, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     14000 | NS      | $1668255.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Compeq Manufacturing Co. Ltd.                            | Compeq Manufacturing Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    137000 | NS      | $730453.75    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                               | Capitec Bank Holdings Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     21612 | NS      | $5802687.34   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                | Grupo Aeroportuario del Sureste SAB de CV, Class B                    | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |     65975 | NS      | $2281830.47   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd.                                           | FirstRand Ltd.                                                        | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    479173 | NS      | $2733133.77   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaming Power Equipment Co. Ltd.                         | Huaming Power Equipment Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 9845005FF6F9871E3985       | Long             | EC               | CORP              | CN        |    649500 | NS      | $2777642.37   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| GoTo Gojek Tokopedia Tbk. PT                             | GoTo Gojek Tokopedia Tbk. PT                                          | CUSIP: N/A<br>LEI: 254900MT2CH1Y5Y7OX69       | Long             | EC               | CORP              | ID        |  68861800 | NS      | $264740.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                      | Kuaishou Technology                                                   | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    104800 | NS      | $1070753.40   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China CITIC Bank Corp. Ltd.                              | China CITIC Bank Corp. Ltd., Class H                                  | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |   1294000 | NS      | $1205221.54   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                         | Raia Drogasil SA                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    398053 | NS      | $1848542.17   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                                 | JUMBO SA                                                              | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     10380 | NS      | $308090.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Cyprus Holdings plc                              | Bank of Cyprus Holdings plc                                           | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | IE        |     78553 | NS      | $866708.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                          | Galaxy Entertainment Group Ltd.                                       | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |     70000 | NS      | $355653.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                | China Resources Land Ltd.                                             | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    153000 | NS      | $599176.68    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                 | Kweichow Moutai Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     32400 | NS      | $6520239.32   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co. Ltd.                     | HD Hyundai Heavy Industries Co. Ltd.                                  | CUSIP: N/A<br>LEI: 988400CAR8W9URQLGF30       | Long             | EC               | CORP              | KR        |      5378 | NS      | $2140606.35   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JYP Entertainment Corp.                                  | JYP Entertainment Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3669 | NS      | $186719.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                              | NAVER Corp.                                                           | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |     14011 | NS      | $2663235.02   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheil Worldwide, Inc.                                    | Cheil Worldwide, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     23061 | NS      | $351223.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Atour Lifestyle Holdings Ltd.                            | Atour Lifestyle Holdings Ltd.                                         | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      9925 | NS      | $354719.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                  | Sinotruk Hong Kong Ltd.                                               | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    112000 | NS      | $514324.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                              | Turkiye Garanti Bankasi A/S                                           | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |    476102 | NS      | $1767142.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesian Rupiah                                        | Indonesian Rupiah                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -2 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Airports of Thailand PCL                                 | Airports of Thailand PCL                                              | CUSIP: N/A<br>LEI: 5299006VS4CU6LW0TY22       | Long             | EC               | CORP              | TH        |    375900 | NS      | $600087.34    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotte Tour Development Co. Ltd.                          | Lotte Tour Development Co. Ltd.                                       | CUSIP: N/A<br>LEI: 988400JDEGTUZVSGJL45       | Long             | EC               | CORP              | KR        |     30613 | NS      | $532831.63    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                       | Petroleo Brasileiro SA                                                | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    201727 | NS      | $3094492.18   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group Ltd.                                      | Momentum Group Ltd.                                                   | CUSIP: N/A<br>LEI: 98450051AABCKEC84814       | Long             | EC               | CORP              | ZA        |    168070 | NS      | $391933.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ades Holding Co.                                         | Ades Holding Co.                                                      | CUSIP: N/A<br>LEI: 98450075A96DF4FE9813       | Long             | EC               | CORP              | SA        |     93349 | NS      | $478300.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp.                                    | Southern Copper Corp.                                                 | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3018 | NS      | $574385.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                     | Fomento Economico Mexicano SAB de CV                                  | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |    149537 | NS      | $1560486.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd.                                         | Minth Group Ltd.                                                      | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    550000 | NS      | $2589372.33   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.                           | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   3230820 | NS      | $178651219.45 | 12.56%            |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Power Holdings Co. Ltd.                  | China Resources Power Holdings Co. Ltd.                               | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |    174000 | NS      | $396341.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                       | Bank of China Ltd., Class H                                           | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   6042000 | NS      | $3608181.56   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungarian Forint                                         | Hungarian Forint                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HU        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                               | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    138184 | NS      | $2220616.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                                  | Hyundai Glovis Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     12730 | NS      | $2146269.97   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                | Kia Corp.                                                             | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     93861 | NS      | $9987112.42   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Pop Mart International Group Ltd.                        | Pop Mart International Group Ltd.                                     | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |     82800 | NS      | $2366966.86   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Full Truck Alliance Co. Ltd.                             | Full Truck Alliance Co. Ltd.                                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |     99852 | NS      | $988534.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripod Technology Corp.                                  | Tripod Technology Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     37000 | NS      | $436056.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd.                                 | InterGlobe Aviation Ltd.                                              | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |     10506 | NS      | $525044.82    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                             | Kaspi.KZ JSC                                                          | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     19926 | NS      | $1517763.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Avary Holding Shenzhen Co. Ltd.                          | Avary Holding Shenzhen Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 30030067AGXAJK5FRS12       | Long             | EC               | CORP              | CN        |     50000 | NS      | $409563.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CRISIL Ltd.                                              | CRISIL Ltd.                                                           | CUSIP: N/A<br>LEI: 335800XLQ1LWF1M6KM87       | Long             | EC               | CORP              | IN        |      9660 | NS      | $490469.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Marcopolo SA                                             | Marcopolo SA (Preference)                                             | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |    402244 | NS      | $492988.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co. Ltd.                    | Shenzhen Inovance Technology Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    176200 | NS      | $1891473.74   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| TCL Electronics Holdings Ltd.                            | TCL Electronics Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 5299000Y9D001SNNTJ48       | Long             | EC               | CORP              | KY        |    307000 | NS      | $471956.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of the Philippine Islands                           | Bank of the Philippine Islands                                        | CUSIP: N/A<br>LEI: 549300UW4UH6XT2X8C50       | Long             | EC               | CORP              | PH        |    358770 | NS      | $755555.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co. Ltd.                                    | DB Insurance Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     27049 | NS      | $2670533.37   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co. Ltd.                              | Montage Technology Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 836800ZMWT5PAN574D81       | Long             | EC               | CORP              | CN        |    199324 | NS      | $5193702.44   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| LigaChem Biosciences, Inc.                               | LigaChem Biosciences, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5797 | NS      | $812253.05    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Latam Airlines Group SA                                  | Latam Airlines Group SA                                               | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |  17419386 | NS      | $565143.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yunnan Yuntianhua Co. Ltd.                               | Yunnan Yuntianhua Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     88300 | NS      | $484486.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                       | Arab National Bank                                                    | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |     75360 | NS      | $457378.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                   | Grupo Mexico SAB de CV, Series B                                      | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    295313 | NS      | $3258480.53   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                       | Banco do Brasil SA                                                    | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    325994 | NS      | $1556644.19   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| People's Insurance Co. Group of China Ltd. (The)         | People's Insurance Co. Group of China Ltd. (The), Class H             | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |   2068000 | NS      | $1798190.18   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Microwave Technology, Inc.                     | Universal Microwave Technology, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     61000 | NS      | $2109416.88   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   1010759 | NS      | $4134705.99   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                              | Baidu, Inc., Class A                                                  | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |     45800 | NS      | $877874.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA                                                 | ORLEN SA                                                              | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |     16057 | NS      | $488013.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinyi Solar Holdings Ltd.                                | Xinyi Solar Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |   3148000 | NS      | $1360696.98   | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| NU Holdings Ltd.                                         | NU Holdings Ltd., Class A                                             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |     99485 | NS      | $1765858.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenya Shilling                                           | Kenya Shilling                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KE        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential plc                                           | Prudential plc                                                        | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |     33475 | NS      | $549835.13    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Gas Transport Co. Ltd.                             | Qatar Gas Transport Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    577499 | NS      | $761327.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Luzhou Laojiao Co. Ltd.                                  | Luzhou Laojiao Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     42800 | NS      | $742029.83    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                      | Krung Thai Bank PCL                                                   | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1235700 | NS      | $1108837.09   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                           | Abu Dhabi Commercial Bank PJSC                                        | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    142798 | NS      | $592311.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                         | Raiffeisen Bank International AG                                      | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     12997 | NS      | $655120.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp. of India Ltd.                           | Power Grid Corp. of India Ltd.                                        | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    259806 | NS      | $725254.59    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp.                                                | FPT Corp.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |     80800 | NS      | $325346.68    | 0.02%             |  |  |  | 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        |      8671 | NS      | $527353.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Moneta Money Bank A/S                                    | Moneta Money Bank A/S                                                 | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |     45690 | NS      | $458560.90    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vipshop Holdings Ltd.                                    | Vipshop Holdings Ltd.                                                 | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     25844 | NS      | $442190.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arabian Centres Co.                                      | Arabian Centres Co.                                                   | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     58478 | NS      | $304761.83    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                         | Powszechny Zaklad Ubezpieczen SA                                      | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    151724 | NS      | $2985372.67   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd.                                             | Kanzhun Ltd.                                                          | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | KY        |     24396 | NS      | $451813.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                             | HDFC Life Insurance Co. Ltd.                                          | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |    316746 | NS      | $2519290.70   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sunresin New Materials Co. Ltd.                          | Sunresin New Materials Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     85700 | NS      | $827323.61    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatari Rial                                              | Qatari Rial                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |     37067 | OU      | $10180.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Department Store Co. Ltd.                        | Hyundai Department Store Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5729 | NS      | $372307.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Financial Services Ltd.                              | Max Financial Services Ltd.                                           | CUSIP: N/A<br>LEI: 335800Y9FX8XGFB64S40       | Long             | EC               | CORP              | IN        |    160433 | NS      | $2814237.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Huafeng Test & Control Technology Co. Ltd.       | Beijing Huafeng Test & Control Technology Co. Ltd., Class A           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     39246 | NS      | $1697866.76   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| IHH Healthcare Bhd.                                      | IHH Healthcare Bhd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    207400 | NS      | $470895.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                            | China Merchants Bank Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   1652000 | NS      | $10093054.14  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Haidilao International Holding Ltd.                      | Haidilao International Holding Ltd.                                   | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    898000 | NS      | $1830868.45   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Northam Platinum Holdings Ltd.                           | Northam Platinum Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |     15031 | NS      | $358120.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                                | China Hongqiao Group Ltd.                                             | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    556000 | NS      | $2542961.66   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Systems Corp.                                       | Park Systems Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1883 | NS      | $395552.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Metlen Energy & Metals plc                               | Metlen Energy & Metals plc                                            | CUSIP: N/A<br>LEI: 213800ZSR3HVKMMPVG86       | Long             | EC               | CORP              | GB        |     35946 | NS      | $1959995.19   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk. PT                                | Bank Central Asia Tbk. PT                                             | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  14853800 | NS      | $6563143.17   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co. Ltd.                      | Fuyao Glass Industry Group Co. Ltd., Class H                          | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |    883600 | NS      | $7573791.43   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Zhejiang Expressway Co. Ltd.                             | Zhejiang Expressway Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 213800X1ZRKM85U9H438       | Long             | EC               | CORP              | CN        |    856000 | NS      | $807557.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp.                                                 | KT Corp.                                                              | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     19533 | NS      | $772796.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                        | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1125407 | NS      | $11379300.17  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Ultrapar Participacoes SA                                | Ultrapar Participacoes SA                                             | CUSIP: N/A<br>LEI: 529900FU4XBXGQMLRE72       | Long             | EC               | CORP              | BR        |    149251 | NS      | $718639.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Powertech Technology, Inc.                               | Powertech Technology, Inc.                                            | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |     67000 | NS      | $530543.53    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd.                                             | Coforge Ltd.                                                          | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72       | Long             | EC               | CORP              | IN        |     91813 | NS      | $1652255.47   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                             | Genpact Ltd.                                                          | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     51630 | NS      | $2276883.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                                 | Kotak Mahindra Bank Ltd.                                              | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |   1564015 | NS      | $6941145.59   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                              | Realtek Semiconductor Corp.                                           | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |    352078 | NS      | $5386721.02   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bizlink Holding, Inc.                                    | Bizlink Holding, Inc.                                                 | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138       | Long             | EC               | CORP              | KY        |     36000 | NS      | $1462006.12   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                                 | ITC Ltd.                                                              | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    418975 | NS      | $1468688.90   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMB Holdings Bhd.                                       | AMMB Holdings Bhd.                                                    | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |    238800 | NS      | $390559.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Brasil SA                                | Banco Santander Brasil SA                                             | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43       | Long             | EC               | CORP              | BR        |     66690 | NS      | $460123.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Changzhou Xingyu Automotive Lighting Systems Co. Ltd.    | Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     20200 | NS      | $400408.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co. Ltd.                      | HD Hyundai Marine Solution Co. Ltd.                                   | CUSIP: N/A<br>LEI: 988400NV4TGR7O3GJM74       | Long             | EC               | CORP              | KR        |      9369 | NS      | $1187914.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                               | CP ALL PCL                                                            | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    354700 | NS      | $489007.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                             | Sany Heavy Industry Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |    531600 | NS      | $1674176.35   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co. Ltd.                         | Shinhan Financial Group Co. Ltd.                                      | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    105632 | NS      | $6173528.76   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                 | Hansol Chemical Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2603 | NS      | $506811.93    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                             | Wal-Mart de Mexico SAB de CV                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   1635554 | NS      | $5190422.57   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| All Ring Tech Co. Ltd.                                   | All Ring Tech Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     61000 | NS      | $734324.21    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Shenhua Energy Co. Ltd.                            | China Shenhua Energy Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    351500 | NS      | $1933992.02   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Wistron Corp.                                            | Wistron Corp.                                                         | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |    913074 | NS      | $3736662.49   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd.                          | Agricultural Bank of China Ltd., Class H                              | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    861000 | NS      | $601939.67    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| X5 Retail Group NV                                       | X5 Retail Group NV                                                    | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | NL        |      1062 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Meitu, Inc.                                              | Meitu, Inc.                                                           | CUSIP: N/A<br>LEI: 529900P2POH56W116T02       | Long             | EC               | CORP              | KY        |    363500 | NS      | $359064.97    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bajaj Finserv Ltd.                                       | Bajaj Finserv Ltd.                                                    | CUSIP: N/A<br>LEI: 3358001EH4I4IDMGQ326       | Long             | EC               | CORP              | IN        |    162890 | NS      | $3461554.63   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aneka Tambang Tbk.                                       | Aneka Tambang Tbk.                                                    | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |   1806800 | NS      | $444805.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co. Ltd.                                 | NARI Technology Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 3003006IGH1W58MAQM05       | Long             | EC               | CORP              | CN        |    103648 | NS      | $374256.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                                  | ADNOC Drilling Co. PJSC                                               | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    356819 | NS      | $517861.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB India Ltd.                                           | ABB India Ltd.                                                        | CUSIP: N/A<br>LEI: 5493001BUNB8WEF9JI21       | Long             | EC               | CORP              | IN        |      9709 | NS      | $590675.97    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kolmar Korea Co. Ltd.                                    | Kolmar Korea Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5132 | NS      | $248495.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                                            | Alpha Bank SA                                                         | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    229329 | NS      | $1097789.89   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sung Kwang Bend Co. Ltd.                                 | Sung Kwang Bend Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14191 | NS      | $319902.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Focus Media Information Technology Co. Ltd.              | Focus Media Information Technology Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 300300V7WGZW0LZKTD06       | Long             | EC               | CORP              | CN        |   1786500 | NS      | $1848043.72   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Chemicals & Fibre Corp.                          | Formosa Chemicals & Fibre Corp.                                       | CUSIP: N/A<br>LEI: 254900OJX8UZOAIVSU82       | Long             | EC               | CORP              | TW        |    584000 | NS      | $781785.51    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA (Preference)                                 | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |   1174687 | NS      | $10095690.09  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Power Corp. SA                                    | Public Power Corp. SA                                                 | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |     20424 | NS      | $482744.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyad Bank                                               | Riyad Bank                                                            | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |    106437 | NS      | $798773.72    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Securities Co. Ltd.                              | Samsung Securities Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |      6754 | NS      | $423936.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co. Ltd.                                | Hanwha Aerospace Co. Ltd.                                             | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      5355 | NS      | $4820470.70   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| United Electronics Co.                                   | United Electronics Co.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     17278 | NS      | $404874.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Ryal                                       | Saudi Arabian Ryal                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SA        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Baroda                                           | Bank of Baroda                                                        | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |    190200 | NS      | $619828.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Qfin Holdings, Inc.                                      | Qfin Holdings, Inc., Class A                                          | CUSIP: N/A<br>LEI: 836800R59NKEPDR6I240       | Long             | EC               | CORP              | KY        |     99500 | NS      | $793944.12    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinese Renminbi (Yuan)                                  | Chinese Renminbi (Yuan)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |    311391 | OU      | $44736.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nanya Technology Corp.                                   | Nanya Technology Corp.                                                | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |    131000 | NS      | $1326079.05   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                    | Bank Rakyat Indonesia Persero Tbk. PT                                 | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  19746670 | NS      | $4482572.61   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co. Ltd.                       | Korea Investment Holdings Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     16817 | NS      | $2515733.79   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Cfmoto Power Co. Ltd.                           | Zhejiang Cfmoto Power Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      8200 | NS      | $296496.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems, Inc.                                       | EPAM Systems, Inc.                                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      5843 | NS      | $1218849.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT PCL                                                  | PTT PCL                                                               | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |    791800 | NS      | $854737.96    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PSK, Inc.                                                | PSK, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     10251 | NS      | $433083.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakao Corp.                                              | Kakao Corp.                                                           | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               | CORP              | KR        |      6791 | NS      | $288646.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd.                                     | Muthoot Finance Ltd.                                                  | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |     13677 | NS      | $569933.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    969600 | NS      | $74525209.08  | 5.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Dollar                                          | Canadian Dollar                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |         1 | OU      | $0.87         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Archi Indonesia Tbk. PT                                  | Archi Indonesia Tbk. PT                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   3086900 | NS      | $317192.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co. Ltd.                               | Samsung Biologics Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1909 | NS      | $2307044.61   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Arca Continental SAB de CV                               | Arca Continental SAB de CV                                            | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |     86615 | NS      | $975633.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| King Slide Works Co. Ltd.                                | King Slide Works Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     16000 | NS      | $1575120.74   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                             | National Bank of Kuwait SAKP                                          | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |    362976 | NS      | $1124638.46   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                                      | State Bank of India                                                   | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |     79301 | NS      | $929458.86    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Amman Mineral Internasional PT                           | Amman Mineral Internasional PT                                        | CUSIP: N/A<br>LEI: 5493006TJMVRZEVWCG37       | Long             | EC               | CORP              | ID        |    589600 | NS      | $265090.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                        | Tencent Music Entertainment Group, Class A                            | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | KY        |    256700 | NS      | $2154578.41   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd.                                          | Absa Group Ltd.                                                       | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    157085 | NS      | $2475277.20   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co. Ltd.                                | Sieyuan Electric Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 836800H6UQQUWN4PSZ32       | Long             | EC               | CORP              | CN        |    132000 | NS      | $3505579.58   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Syngene International Ltd.                               | Syngene International Ltd.                                            | CUSIP: N/A<br>LEI: 335800FFAWRC77Z2EY68       | Long             | EC               | CORP              | IN        |    148155 | NS      | $763364.97    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tianqi Lithium Corp.                                     | Tianqi Lithium Corp., Class H                                         | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |     60400 | NS      | $377180.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                          | CTBC Financial Holding Co. Ltd.                                       | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   3151831 | NS      | $5078058.68   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Star Ltd.                                           | Blue Star Ltd.                                                        | CUSIP: N/A<br>LEI: 335800CWJUVEKQ1TE879       | Long             | EC               | CORP              | IN        |     85168 | NS      | $1688405.09   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Valterra Platinum Ltd.                                   | Valterra Platinum Ltd.                                                | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |     12591 | NS      | $1131278.11   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Engineering & Construction Co. Ltd.              | Hyundai Engineering & Construction Co. Ltd.                           | CUSIP: N/A<br>LEI: 988400CEQG9N710HN313       | Long             | EC               | CORP              | KR        |      8679 | NS      | $616057.54    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MPI Corp.                                                | MPI Corp.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     43000 | NS      | $3398244.77   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd.                                        | Lenovo Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1148000 | NS      | $1293467.16   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd.                                       | Nedbank Group Ltd.                                                    | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     87579 | NS      | $1438564.54   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SA                                                   | YPF SA                                                                | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |     17537 | NS      | $697797.23    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd.                                   | Shoprite Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |    101694 | NS      | $1677849.21   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology, Inc.                                  | ASPEED Technology, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      8040 | NS      | $2248433.81   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                            | Al Rajhi Bank                                                         | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |    223050 | NS      | $6369485.26   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Polycab India Ltd.                                       | Polycab India Ltd.                                                    | CUSIP: N/A<br>LEI: 335800ZAL1L11ERZVW68       | Long             | EC               | CORP              | IN        |     10303 | NS      | $787568.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhou International Group Holdings Ltd.               | Shenzhou International Group Holdings Ltd.                            | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | KY        |    361500 | NS      | $2875139.95   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                         | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    510048 | NS      | $13225587.73  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                                          | Bajaj Auto Ltd.                                                       | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     22251 | NS      | $2323812.20   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd.                                               | Sasol Ltd.                                                            | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |    317247 | NS      | $2240806.38   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Circuit Electronics Ltd.                            | Gold Circuit Electronics Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     91000 | NS      | $1987170.73   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                          | ASE Technology Holding Co. Ltd.                                       | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    908258 | NS      | $8444174.37   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                                     | KGHM Polska Miedz SA                                                  | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     22043 | NS      | $2045295.43   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co. Ltd.                              | JB Financial Group Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     33342 | NS      | $581743.71    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Services Ltd.                    | Computer Age Management Services Ltd.                                 | CUSIP: N/A<br>LEI: 33580012MDHMBHWN5Z06       | Long             | EC               | CORP              | IN        |    142102 | NS      | $1075655.54   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co. Ltd.                                     | Midea Group Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |    747612 | NS      | $8335353.17   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                                       | Regional SAB de CV                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    106024 | NS      | $950854.97    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel, Inc.                                              | Hugel, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5594 | NS      | $1068988.02   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                                  | Elite Material Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     91265 | NS      | $4950445.95   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Korean Air Lines Co. Ltd.                                | Korean Air Lines Co. Ltd.                                             | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               | CORP              | KR        |     33785 | NS      | $544720.29    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                        | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    121816 | NS      | $6757198.78   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Minimax Group, Inc.                                      | Minimax Group, Inc.                                                   | CUSIP: N/A<br>LEI: 984500GAF1264B3B9Z19       | Long             | EC               | CORP              | KY        |     16300 | NS      | $986917.73    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LEENO Industrial, Inc.                                   | LEENO Industrial, Inc.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8961 | NS      | $652430.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                      | Hong Kong Exchanges & Clearing Ltd.                                   | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     62100 | NS      | $3423642.08   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                                           | Credicorp Ltd.                                                        | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |     20336 | NS      | $7256494.88   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Sigorta A/S                                      | Turkiye Sigorta A/S                                                   | CUSIP: N/A<br>LEI: 789000O7DB1JKMXK2Q45       | Long             | EC               | CORP              | TR        |   2050171 | NS      | $575162.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Minsheng Banking Corp. Ltd.                        | China Minsheng Banking Corp. Ltd., Class H                            | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               | CORP              | CN        |   5896000 | NS      | $2933690.88   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokai Carbon Korea Co. Ltd.                              | Tokai Carbon Korea Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      6594 | NS      | $1078455.67   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd.                                             | Vedanta Ltd.                                                          | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |     86299 | NS      | $638249.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                        | PICC Property & Casualty Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |    794000 | NS      | $1643737.08   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                         | Fubon Financial Holding Co. Ltd.                                      | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |    898000 | NS      | $2578679.71   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdee International Software Group Co. Ltd.            | Kingdee International Software Group Co. Ltd.                         | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | KY        |    213000 | NS      | $351815.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenskart Solutions Ltd.                                  | Lenskart Solutions Ltd.                                               | CUSIP: N/A<br>LEI: 984500L5O4479DCDCF14       | Long             | EC               | CORP              | IN        |     76656 | NS      | $381123.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp. Inmobiliaria Vesta SAB de CV                       | Corp. Inmobiliaria Vesta SAB de CV                                    | CUSIP: N/A<br>LEI: 4469000001BIRIFZJ959       | Long             | EC               | CORP              | MX        |    214319 | NS      | $662112.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                                       | PDD Holdings, Inc.                                                    | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     14648 | NS      | $1480180.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd.                                              | Sanlam Ltd.                                                           | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    145699 | NS      | $910971.07    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Canara Bank                                              | Canara Bank                                                           | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    216930 | NS      | $348172.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                         | JPMorgan Prime Money Market Fund, Class IM                            | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  22583623 | NS      | $22592656.27  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                             | Axia Energia (Preference)                                             | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    116834 | NS      | $1177275.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunonwealth Electric Machine Industry Co. Ltd.           | Sunonwealth Electric Machine Industry Co. Ltd.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     79000 | NS      | $355297.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman, Inc.                                 | ZTO Express Cayman, Inc.                                              | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | KY        |     10500 | NS      | $231841.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                     | POSCO Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |      2113 | NS      | $507043.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                          | Mega Financial Holding Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   2397000 | NS      | $2947471.75   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Consumer Products Ltd.                            | Godrej Consumer Products Ltd.                                         | CUSIP: N/A<br>LEI: 335800P4GUWLGZFK2D63       | Long             | EC               | CORP              | IN        |     18644 | NS      | $234099.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard International Semiconductor Corp.               | Vanguard International Semiconductor Corp.                            | CUSIP: N/A<br>LEI: 2549001S5Q158BIJJO13       | Long             | EC               | CORP              | TW        |    313060 | NS      | $1419132.22   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co. Ltd.                       | Samsung Electro-Mechanics Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     15756 | NS      | $3030174.18   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                           | OTP Bank Nyrt.                                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     37171 | NS      | $4677303.02   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                                 | GMK Norilskiy Nickel PAO                                              | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      2018 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petronet LNG Ltd.                                        | Petronet LNG Ltd.                                                     | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |     83681 | NS      | $263918.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.                | Ping An Insurance Group Co. of China Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |   1726500 | NS      | $16013894.42  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangwon Land, Inc.                                       | Kangwon Land, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     22936 | NS      | $277399.83    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Multi Commodity Exchange of India Ltd.                   | Multi Commodity Exchange of India Ltd.                                | CUSIP: N/A<br>LEI: 254900BTZEPM27IOAM68       | Long             | EC               | CORP              | IN        |     96839 | NS      | $2667355.21   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tube Investments of India Ltd.                           | Tube Investments of India Ltd.                                        | CUSIP: N/A<br>LEI: 335800Z8CKZ11SGVKE64       | Long             | EC               | CORP              | IN        |     45301 | NS      | $1152822.22   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                              | Bharat Petroleum Corp. Ltd.                                           | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    110128 | NS      | $436607.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                   | Emaar Development PJSC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    182168 | NS      | $853176.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Foxconn Industrial Internet Co. Ltd.                     | Foxconn Industrial Internet Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    190200 | NS      | $1568587.04   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co. Ltd.                 | Samsung Fire & Marine Insurance Co. Ltd.                              | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      7215 | NS      | $2511265.11   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Land, Inc.                                         | Ayala Land, Inc.                                                      | CUSIP: N/A<br>LEI: 254900EWT10TQ6DKTV34       | Long             | EC               | CORP              | PH        |    825200 | NS      | $297542.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE, Inc.                                         | Chroma ATE, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     67000 | NS      | $2057329.56   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                          | CUSIP: 368287207<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     12780 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trip.com Group Ltd.                                      | Trip.com Group Ltd.                                                   | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |     74118 | NS      | $4549040.41   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| OmniVision Integrated Circuits Group, Inc.               | OmniVision Integrated Circuits Group, Inc.                            | CUSIP: N/A<br>LEI: 8368000MFHXX01GPND38       | Long             | EC               | CORP              | CN        |     16300 | NS      | $284016.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co. Ltd.                     | SITC International Holdings Co. Ltd.                                  | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    169000 | NS      | $631075.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                   | TIM SA                                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    374728 | NS      | $1740933.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd.                                | ANTA Sports Products Ltd.                                             | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     96600 | NS      | $965028.01    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Aavas Financiers Ltd.                                    | Aavas Financiers Ltd.                                                 | CUSIP: N/A<br>LEI: 335800TMNAGA7MPDP384       | Long             | EC               | CORP              | IN        |     14990 | NS      | $238394.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.                 | Contemporary Amperex Technology Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    208300 | NS      | $10492021.97  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                  | Accton Technology Corp.                                               | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    140113 | NS      | $4898806.37   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co. Ltd.                               | KIWOOM Securities Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |      4275 | NS      | $1314046.90   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyient Ltd.                                              | Cyient Ltd.                                                           | CUSIP: N/A<br>LEI: 335800MJOXTUJ22Y4T72       | Long             | EC               | CORP              | IN        |     29391 | NS      | $363998.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| South Korea Won                                          | South Korea Won                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |     23592 | OU      | $16.39        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| President Chain Store Corp.                              | President Chain Store Corp.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    187035 | NS      | $1270000.79   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                               | Unilever Indonesia Tbk. PT                                            | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |   2884300 | NS      | $330788.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd.                                  | Sibanye Stillwater Ltd.                                               | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    284958 | NS      | $1240254.06   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA                                                | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    636222 | NS      | $9759645.48   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Huayu Automotive Systems Co. Ltd.                        | Huayu Automotive Systems Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |    122200 | NS      | $337614.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                 | Reliance Industries Ltd.                                              | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    538795 | NS      | $8186955.29   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd.                                       | Bidvest Group Ltd.                                                    | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |     78682 | NS      | $1138502.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                             | Dr Reddy's Laboratories Ltd.                                          | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |    245041 | NS      | $3242301.79   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                                       | SK Square Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8294 | NS      | $3246697.92   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                                | Itausa SA (Preference)                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    721762 | NS      | $1866549.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Aluminium Co. Ltd.                              | National Aluminium Co. Ltd.                                           | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    150419 | NS      | $626774.54    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Electric Co. Ltd.                                | Fortune Electric Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     66400 | NS      | $2026620.13   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Securities Co. Ltd.                                | CITIC Securities Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 300300E1006744000068       | Long             | EC               | CORP              | CN        |    586500 | NS      | $2194858.32   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd.                                 | Maruti Suzuki India Ltd.                                              | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |      5539 | NS      | $879971.90    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Anji Microelectronics Technology Shanghai Co. Ltd.       | Anji Microelectronics Technology Shanghai Co. Ltd., Class A           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      9738 | NS      | $377054.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd.              | Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     14100 | NS      | $345907.94    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Life Insurance Co. Ltd.                              | SBI Life Insurance Co. Ltd.                                           | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               | CORP              | IN        |    144992 | NS      | $3153942.99   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd.                 | Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               | CORP              | CN        |    301900 | NS      | $2520740.31   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Parkin Co. PJSC                                          | Parkin Co. PJSC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    312288 | NS      | $525822.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Australian Dollar                                        | Australian Dollar                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |         1 | OU      | $0.39         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                                  | Sberbank of Russia PJSC                                               | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    629236 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Eurobank SA                                              | Eurobank SA                                                           | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | EC               | CORP              | GR        |    638284 | NS      | $3119280.02   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                       | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     44919 | NS      | $1315677.51   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co. PJSC                                     | Rosneft Oil Co. PJSC                                                  | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               | CORP              | RU        |    141777 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                   | Hyundai Mobis Co. Ltd.                                                | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      7883 | NS      | $2463097.97   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co. Ltd.                         | E.Sun Financial Holding Co. Ltd.                                      | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |   1705505 | NS      | $1806017.23   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Rupee                                             | Indian Rupee                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |        20 | OU      | $0.22         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy SAB de CV                                   | Vista Energy SAB de CV                                                | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |      4092 | NS      | $247525.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                          | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |   1135066 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tata Consultancy Services Ltd.                           | Tata Consultancy Services Ltd.                                        | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    187926 | NS      | $6391005.37   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP   | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     80014 | NS      | $2145869.74   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                             | HD Hyundai Electric Co. Ltd.                                          | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      3863 | NS      | $2366646.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S                 | Aselsan Elektronik Sanayi ve Ticaret A/S                              | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    379968 | NS      | $2658788.93   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                    | Aldar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |    612090 | NS      | $1600132.90   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                    | Banco Santander Chile                                                 | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |  17415516 | NS      | $1532425.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                       | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    358534 | NS      | $9100910.65   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                         | Tata Motors Ltd.                                                      | CUSIP: N/A<br>LEI: 335800ZFUZ3FBKQASV25       | Long             | EC               | CORP              | IN        |    304666 | NS      | $1518568.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.    | HD Korea Shipbuilding & Offshore Engineering Co. Ltd.                 | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      3091 | NS      | $885367.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Falabella SA                                             | Falabella SA                                                          | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |     95753 | NS      | $743380.69    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings, Inc.                                 | Yum China Holdings, Inc.                                              | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     83528 | NS      | $4127953.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                                        | Gentera SAB de CV                                                     | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |    534106 | NS      | $1484408.81   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd.                                             | Eternal Ltd.                                                          | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |    355458 | NS      | $1059535.88   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                 | KB Financial Group, Inc.                                              | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     30260 | NS      | $2832312.43   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Energy New Material Group Co. Ltd.                | Yunnan Energy New Material Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     59100 | NS      | $432876.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                    | UltraTech Cement Ltd.                                                 | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |      2087 | NS      | $288449.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongji Innolight Co. Ltd.                               | Zhongji Innolight Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 655600K7YZDKAI214O83       | Long             | EC               | CORP              | CN        |     15200 | NS      | $1409092.62   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                            | WH Group Ltd.                                                         | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    366000 | NS      | $431915.04    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hero MotoCorp Ltd.                                       | Hero MotoCorp Ltd.                                                    | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |     11553 | NS      | $695863.48    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Logistics & Services                               | ADNOC Logistics & Services                                            | CUSIP: N/A<br>LEI: 254900CIXQYSEOFXAB16       | Long             | EC               | CORP              | AE        |    333025 | NS      | $508922.57    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eugene Technology Co. Ltd.                               | Eugene Technology Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     25441 | NS      | $1934736.03   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                                  | Bharat Electronics Ltd.                                               | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    477307 | NS      | $2331869.48   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                  | Hindustan Unilever Ltd.                                               | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     88815 | NS      | $2292987.87   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd.                                 | ENN Energy Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |    344400 | NS      | $2964851.16   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp.                         | China Petroleum & Chemical Corp., Class H                             | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   3406000 | NS      | $2344026.10   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yutong Bus Co. Ltd.                                      | Yutong Bus Co. Ltd., Class A                                          | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |     88100 | NS      | $391102.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulbrain Co. Ltd.                                       | Soulbrain Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1746 | NS      | $585923.84    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                    | Sociedad Quimica y Minera de Chile SA (Preference), Class B           | CUSIP: N/A<br>LEI: TJ88LXZZW5PWIN93ZC81       | Long             | EC               | CORP              | CL        |      7572 | NS      | $586640.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri A/S                          | Turkiye Petrol Rafinerileri A/S                                       | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    215984 | NS      | $1217086.79   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NongShim Co. Ltd.                                        | NongShim Co. Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1383 | NS      | $389844.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| King Yuan Electronics Co. Ltd.                           | King Yuan Electronics Co. Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     72000 | NS      | $667092.01    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NAC Kazatomprom JSC                                      | NAC Kazatomprom JSC                                                   | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     23305 | NS      | $1904309.73   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China Construction Bank Corp.                            | China Construction Bank Corp., Class H                                | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   7145000 | NS      | $7214523.48   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                   | WEG SA                                                                | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |    366641 | NS      | $3624087.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp.                      | Tingyi Cayman Islands Holding Corp.                                   | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |    762000 | NS      | $1154910.64   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                   | Localiza Rent a Car SA                                                | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |    274774 | NS      | $2529105.99   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd.                 | Adani Ports & Special Economic Zone Ltd.                              | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |     30868 | NS      | $477093.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                          | Cemex SAB de CV                                                       | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |   2118645 | NS      | $2633152.29   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Energy Solution Ltd.                                  | LG Energy Solution Ltd.                                               | CUSIP: N/A<br>LEI: 988400QX6P286XA6ZS85       | Long             | EC               | CORP              | KR        |      2225 | NS      | $611622.08    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| YC Corp.                                                 | YC Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     40232 | NS      | $543114.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Trent Ltd.                                               | Trent Ltd.                                                            | CUSIP: N/A<br>LEI: 335800IYA8EHI7MW7G59       | Long             | EC               | CORP              | IN        |     15863 | NS      | $653314.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd.                           | Tongcheng Travel Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | KY        |    128000 | NS      | $380736.10    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas plc                              | MOL Hungarian Oil & Gas plc                                           | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     51615 | NS      | $630371.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chuangxin Industries Holdings Ltd.                       | Chuangxin Industries Holdings Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    135500 | NS      | $433622.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Thailand PCL                           | Delta Electronics Thailand PCL                                        | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |    206600 | NS      | $1336742.12   | 0.09%             |  |  |  | No            |                  2 | 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        |   2967416 | NS      | $2967415.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co.                                        | Hyundai Motor Co.                                                     | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |     19230 | NS      | $6694070.68   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics, Inc.                                  | Delta Electronics, Inc.                                               | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    452357 | NS      | $17263005.35  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK hynix, Inc.                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     73189 | NS      | $45697562.96  | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp.                                             | Xiaomi Corp., Class B                                                 | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |   1709200 | NS      | $7736812.91   | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cury Construtora e Incorporadora SA                      | Cury Construtora e Incorporadora SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     93603 | NS      | $615215.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                           | Moscow Exchange MICEX-RTS PJSC                                        | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               | CORP              | RU        |    571670 | NS      | $0.57         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Jason Furniture Hangzhou Co. Ltd.                        | Jason Furniture Hangzhou Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     77600 | NS      | $394649.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Chile                                           | Banco de Chile                                                        | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   2945005 | NS      | $649105.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefit Systems SA                                       | Benefit Systems SA                                                    | CUSIP: N/A<br>LEI: 2594007UY43JEUOLID52       | Long             | EC               | CORP              | PL        |       980 | NS      | $1055404.11   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd.                                          | PB Fintech Ltd.                                                       | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |    106929 | NS      | $1926624.80   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Transilvania SA                                    | Banca Transilvania SA                                                 | CUSIP: N/A<br>LEI: 549300RG3H390KEL8896       | Long             | EC               | CORP              | RO        |     71375 | NS      | $538298.38    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                         | Gold Fields Ltd.                                                      | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     99338 | NS      | $4912728.12   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk. PT                    | Bank Negara Indonesia Persero Tbk. PT                                 | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   1510400 | NS      | $405399.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                             | Wiwynn Corp.                                                          | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |     48343 | NS      | $5418870.45   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia                                             | Axia Energia (Preference)                                             | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    444514 | NS      | $4868516.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BGF retail Co. Ltd.                                      | BGF retail Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11604 | NS      | $977235.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                             | Kumho Petrochemical Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      4549 | NS      | $454355.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                  | America Movil SAB de CV, Series B                                     | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |    390389 | NS      | $403658.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co. Ltd.                           | Techtronic Industries Co. Ltd.                                        | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    242500 | NS      | $3310489.13   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd.                                     | Tenaga Nasional Bhd.                                                  | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    185800 | NS      | $657381.87    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                    | Saudi Arabian Oil Co.                                                 | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    236997 | NS      | $1629170.83   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIA Group Ltd.                                           | AIA Group Ltd.                                                        | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    674400 | NS      | $7780878.23   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                         | Telkom Indonesia Persero Tbk. PT                                      | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |  24887700 | NS      | $5320004.89   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                   | Emirates NBD Bank PJSC                                                | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    155741 | NS      | $1318868.65   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                                       | PDD Holdings, Inc.                                                    | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     42812 | NS      | $4326152.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                           | Bid Corp. Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     56683 | NS      | $1418675.97   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       510 | NS      | $1095372.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Real                                           | Brazilian Real                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | BR        |        -4 | OU      | $-0.71        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd.                                     | Shriram Finance Ltd.                                                  | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |    323673 | NS      | $3592948.89   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                            | Coupang, Inc.                                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     64967 | NS      | $1309734.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                   | Motiva Infraestrutura de Mobilidade SA                                | CUSIP: N/A<br>LEI: 254900H4EUL83CCQ6781       | Long             | EC               | CORP              | BR        |     90529 | NS      | $289679.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti plc                                    | Anglogold Ashanti plc                                                 | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      7113 | NS      | $641219.98    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Financial Holding Co. Ltd.                        | Cathay Financial Holding Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |   1640124 | NS      | $3907566.87   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp.                            | United Microelectronics Corp.                                         | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    803000 | NS      | $1597772.76   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    356440 | NS      | $11541527.20  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                        | New Taiwan Dollar                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TW        |        -7 | OU      | $-0.21        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                                     | Banco BTG Pactual SA                                                  | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |    536313 | NS      | $6089984.30   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Parade Technologies Ltd.                                 | Parade Technologies Ltd.                                              | CUSIP: N/A<br>LEI: 529900D9FDQHQKAQLY02       | Long             | EC               | CORP              | KY        |     30000 | NS      | $501691.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hwatsing Technology Co. Ltd.                             | Hwatsing Technology Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     21339 | NS      | $579550.16    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongfa Technology Co. Ltd.                               | Hongfa Technology Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    320280 | NS      | $1319511.30   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Bank SA                                          | Piraeus Bank SA                                                       | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | EC               | CORP              | GR        |    333550 | NS      | $3364628.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd.                                       | Havells India Ltd.                                                    | CUSIP: N/A<br>LEI: 549300U1LOGHTTNT7D47       | Long             | EC               | CORP              | IN        |     89760 | NS      | $1253883.41   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Ground Services Co.                                | Saudi Ground Services Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     50335 | NS      | $497487.20    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                       | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |     44019 | NS      | $2686479.57   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class H                                                 | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    133000 | NS      | $1658093.13   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Verisilicon Microelectronics Shanghai Co. Ltd.           | Verisilicon Microelectronics Shanghai Co. Ltd., Class A               | CUSIP: N/A<br>LEI: 836800TNWRM7QRXH6S33       | Long             | EC               | CORP              | CN        |     15832 | NS      | $501916.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                        | Zhen Ding Technology Holding Ltd.                                     | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |    638000 | NS      | $3931749.39   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                       | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    738876 | NS      | $10892974.24  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd.                                       | Tech Mahindra Ltd.                                                    | CUSIP: N/A<br>LEI: 3358005FZUZ1I25XQH69       | Long             | EC               | CORP              | IN        |     42764 | NS      | $811405.80    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                          | Lojas Renner SA                                                       | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    244861 | NS      | $697442.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Integrated Telecommunications Co. PJSC          | Emirates Integrated Telecommunications Co. PJSC                       | CUSIP: N/A<br>LEI: 254900USBXS6XN200K29       | Long             | EC               | CORP              | AE        |    248110 | NS      | $695856.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Woolworths Holdings Ltd.                                 | Woolworths Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |    108033 | NS      | $362211.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Harbin Electric Co. Ltd.                                 | Harbin Electric Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 529900QH6Y4U07RU0U61       | Long             | EC               | CORP              | CN        |    188000 | NS      | $477551.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd.                            | Impala Platinum Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     38687 | NS      | $721096.64    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co. Ltd.                                           | Coway Co. Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5091 | NS      | $294566.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahanagar Gas Ltd.                                       | Mahanagar Gas Ltd.                                                    | CUSIP: N/A<br>LEI: 3358001GYZI2KS7FHN90       | Long             | EC               | CORP              | IN        |     22102 | NS      | $253258.49    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                                 | GMK Norilskiy Nickel PAO                                              | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    203600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aldrees Petroleum and Transport Services Co.             | Aldrees Petroleum and Transport Services Co.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     17749 | NS      | $565168.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp.                                              | S-Oil Corp.                                                           | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32       | Long             | EC               | CORP              | KR        |     31742 | NS      | $2331928.19   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co. Ltd.                          | NAURA Technology Group Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300JI5I0B95GO5C39       | Long             | EC               | CORP              | CN        |     47075 | NS      | $3208742.58   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaqin Technology Co. Ltd.                               | Huaqin Technology Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     24100 | NS      | $298236.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                                          | Tata Steel Ltd.                                                       | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |    130989 | NS      | $273420.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co. for Distribution PJSC         | Abu Dhabi National Oil Co. for Distribution PJSC                      | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |    805311 | NS      | $899053.81    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Awwal Bank                                         | Saudi Awwal Bank                                                      | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |     71568 | NS      | $680037.75    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Galaxy Securities Co. Ltd.                         | China Galaxy Securities Co. Ltd., Class H                             | CUSIP: N/A<br>LEI: 3003008KFQXO06OK8582       | Long             | EC               | CORP              | CN        |    346000 | NS      | $465265.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Delhivery Ltd.                                           | Delhivery Ltd.                                                        | CUSIP: N/A<br>LEI: 335800CUQ1SBCH9TTH82       | Long             | EC               | CORP              | IN        |    304654 | NS      | $1401539.32   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President Enterprises Corp.                          | Uni-President Enterprises Corp.                                       | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    800035 | NS      | $1820099.12   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                     | Telefonica Brasil SA                                                  | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    409550 | NS      | $2904262.22   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtep International Holdings Ltd.                         | Xtep International Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 529900ZZZZBTOKZQI549       | Long             | EC               | CORP              | KY        |    391500 | NS      | $257313.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                  | OPAP SA                                                               | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     46233 | NS      | $931638.87    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                           | Axis Bank Ltd.                                                        | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |      6897 | NS      | $511082.73    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Punjab National Bank                                     | Punjab National Bank                                                  | CUSIP: N/A<br>LEI: 335800LE3GBR6I412V82       | Long             | EC               | CORP              | IN        |    671271 | NS      | $915123.53    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd.                                 | Standard Bank Group Ltd.                                              | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    158580 | NS      | $2914380.16   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd.                                             | Naspers Ltd., Class N                                                 | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |     20703 | NS      | $1267546.61   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                                     | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |    255944 | NS      | $586607.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                            | Severstal PAO                                                         | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     98048 | NS      | $0.10         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elm Co.                                                  | Elm Co.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      4538 | NS      | $938592.08    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd.                           | Geely Automobile Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    218000 | NS      | $448751.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnitogorsk Iron & Steel Works PJSC                     | Magnitogorsk Iron & Steel Works PJSC                                  | CUSIP: 559189204<br>LEI: 253400XSJ4C01YMCXG44 | Long             | EC               | CORP              | RU        |     12378 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H World Group Ltd.                                       | H World Group Ltd.                                                    | CUSIP: N/A<br>LEI: 549300Y5ML31FVN83730       | Long             | EC               | CORP              | KY        |   1190586 | NS      | $5718079.43   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                       | Bharti Airtel Ltd.                                                    | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    162982 | NS      | $3495470.09   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co. Ltd.                             | Harmony Gold Mining Co. Ltd.                                          | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     80253 | NS      | $1705261.51   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                     | EURO                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -1 | OU      | $-0.90        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp.                               | Korea Electric Power Corp.                                            | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |     47894 | NS      | $1931713.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                              | Zijin Mining Group Co. Ltd., Class H                                  | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   1070000 | NS      | $5579004.61   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                              | B3 SA - Brasil Bolsa Balcao                                           | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |   1936806 | NS      | $5954590.49   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Rand                                       | South African Rand                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ZA        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings, Inc.                                        | KE Holdings, Inc., Class A                                            | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               | CORP              | KY        |    318168 | NS      | $2022632.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Uab Dirham                                               | Uab Dirham                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindalco Industries Ltd.                                 | Hindalco Industries Ltd.                                              | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     35422 | NS      | $368718.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Polish Zloty - New                                       | Polish Zloty - New                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | PL        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd.                                      | Kumba Iron Ore Ltd.                                                   | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     37474 | NS      | $835139.83    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Pharm Co. Ltd.                                     | Hanmi Pharm Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 988400PP10VZVUOFE672       | Long             | EC               | CORP              | KR        |      1819 | NS      | $612443.56    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                               | Hana Financial Group, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     67509 | NS      | $4690666.05   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                                | SCB X PCL                                                             | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    567000 | NS      | $2441713.01   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd.                                        | Asian Paints Ltd.                                                     | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     13794 | NS      | $364248.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                       | Grupo Financiero Banorte SAB de CV, Class O                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    920442 | NS      | $10376830.10  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd.                      | Press Metal Aluminium Holdings Bhd.                                   | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |    279200 | NS      | $535207.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                          | CPFL Energia SA                                                       | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     44548 | NS      | $432973.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp.                                        | Samsung C&T Corp.                                                     | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |     17931 | NS      | $3737798.59   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| IndusInd Bank Ltd.                                       | IndusInd Bank Ltd.                                                    | CUSIP: N/A<br>LEI: 335800JDVJ8HSXG9G512       | Long             | EC               | CORP              | IN        |     38148 | NS      | $372095.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equipment, Inc.               | Advanced Micro-Fabrication Equipment, Inc., Class A                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     44163 | NS      | $2197931.34   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd.                                          | MakeMyTrip Ltd.                                                       | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |     36736 | NS      | $2291591.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Philippines                                              | Philippines                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | PH        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| StarPower Semiconductor Ltd.                             | StarPower Semiconductor Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     32300 | NS      | $513357.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                          | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    505328 | NS      | $9038439.94   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| British Pound                                            | British Pound                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |      2430 | OU      | $3324.79      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Embassy Office Parks REIT                                | Embassy Office Parks                                                  | CUSIP: N/A<br>LEI: 335800O555A557E43Z08       | Long             | EC               | CORP              | IN        |    557572 | NS      | $2633486.10   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Gamuda Bhd.                                              | Gamuda Bhd.                                                           | CUSIP: N/A<br>LEI: 254900RW4N94L9KA9137       | Long             | EC               | CORP              | MY        |    324400 | NS      | $364734.08    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| We Buy Cars Holdings Ltd.                                | We Buy Cars Holdings Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    137207 | NS      | $390121.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Porto Seguro SA                                          | Porto Seguro SA                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    120527 | NS      | $1148301.51   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                          | Grupo Cibest SA (Preference)                                          | CUSIP: N/A<br>LEI: 529900OSSJBGZREZ2C28       | Long             | EC               | CORP              | CO        |     50779 | NS      | $1032917.07   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA              | Hellenic Telecommunications Organization SA                           | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     46425 | NS      | $870721.28    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd.                                           | MTN Group Ltd.                                                        | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |     96077 | NS      | $1066894.28   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                 | CIMB Group Holdings Bhd.                                              | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    919000 | NS      | $2002237.61   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HDC Hyundai Development Co-Engineering & Construction    | HDC Hyundai Development Co-Engineering & Construction, Class E        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     27237 | NS      | $388639.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ExlService Holdings, Inc.                                | ExlService Holdings, Inc.                                             | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     44574 | NS      | $1745072.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd.                                       | Eicher Motors Ltd.                                                    | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |     14824 | NS      | $1148876.77   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                                         | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     11642 | NS      | $1587968.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dubai Islamic Bank PJSC                                  | Dubai Islamic Bank PJSC                                               | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    634922 | NS      | $1670338.64   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co. Ltd.                            | China Life Insurance Co. Ltd., Class H                                | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |    361000 | NS      | $1606536.44   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      3293 | NS      | $7072672.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar A/S                               | BIM Birlesik Magazalar A/S                                            | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    163055 | NS      | $2488335.84   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| VTB Bank PJSC                                            | VTB Bank PJSC                                                         | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               | CORP              | RU        |     33690 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WUS Printed Circuit Kunshan Co. Ltd.                     | WUS Printed Circuit Kunshan Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    140500 | NS      | $1402837.42   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                | NTPC Ltd.                                                             | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    173324 | NS      | $671554.14    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuanta Financial Holding Co. Ltd.                        | Yuanta Financial Holding Co. Ltd.                                     | CUSIP: N/A<br>LEI: 21380045JG57LJEFFE13       | Long             | EC               | CORP              | TW        |   1914302 | NS      | $2607722.05   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                  | Minor International PCL                                               | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |    277800 | NS      | $201399.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    791427 | NS      | $87432723.14  | 6.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                 | Mahindra & Mahindra Ltd.                                              | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    176248 | NS      | $6581053.39   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Monolithic Power Systems, Inc.                           | Monolithic Power Systems, Inc.                                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1000 | NS      | $1124150.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxshare Precision Industry Co. Ltd.                     | Luxshare Precision Industry Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               | CORP              | CN        |    243100 | NS      | $1799611.27   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**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