# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001856
**Filing Date:** 2025-9
**Character Count:** 89672
**Document Hash:** 81a317bc309e67957a6d458c0bcf63fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001856.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001856

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 251341871

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

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

## Series and Classes Contracts Data

### JPMorgan Active Developing Markets Equity ETF (Series ID: S000083982)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000248102 | JPMorgan Active Developing Markets Equity ETF | JADE            |

## Nport-Ex

**JPMorgan Active Developing Markets Equity ETF**

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

**(Unaudited)** 

---

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

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF July 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — 99.3%** | **Common Stocks — 99.3%** | **Common Stocks — 99.3%** |
| **Argentina — 0.6%** | **Argentina — 0.6%** | **Argentina — 0.6%** |
| &nbsp;&nbsp;&nbsp; Vista Energy SAB de CV, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 1102 | &nbsp;&nbsp;&nbsp;&nbsp; 49260 |
| &nbsp;&nbsp;&nbsp; YPF SA, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 1547 | &nbsp;&nbsp;&nbsp;&nbsp; 51886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 101146 |
| **Brazil — 8.0%** | **Brazil — 8.0%** | **Brazil — 8.0%** |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp; 64468 | &nbsp;&nbsp;&nbsp;&nbsp; 144604 |
| &nbsp;&nbsp;&nbsp; Banco BTG Pactual SA | &nbsp;&nbsp;&nbsp;&nbsp; 14634 | &nbsp;&nbsp;&nbsp;&nbsp; 102316 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 23404 | &nbsp;&nbsp;&nbsp;&nbsp; 82673 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | &nbsp;&nbsp;&nbsp;&nbsp; 2866 | &nbsp;&nbsp;&nbsp;&nbsp; 17223 |
| &nbsp;&nbsp;&nbsp; Embraer SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 1295 | &nbsp;&nbsp;&nbsp;&nbsp; 74566 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 15768 | &nbsp;&nbsp;&nbsp;&nbsp; 98865 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 3195 | &nbsp;&nbsp;&nbsp;&nbsp; 19959 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp;&nbsp; 265876 |
| &nbsp;&nbsp;&nbsp; NU Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 12859 | &nbsp;&nbsp;&nbsp;&nbsp; 157137 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 7707 | &nbsp;&nbsp;&nbsp;&nbsp; 89555 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 24869 | &nbsp;&nbsp;&nbsp;&nbsp; 144563 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp; 19400 | &nbsp;&nbsp;&nbsp;&nbsp; 71474 |
| &nbsp;&nbsp;&nbsp; WEG SA | &nbsp;&nbsp;&nbsp;&nbsp; 4202 | &nbsp;&nbsp;&nbsp;&nbsp; 27765 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1296576 |
| **China — 26.0%** | **China — 26.0%** | **China — 26.0%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro-Fabrication Equipment, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2329 | &nbsp;&nbsp;&nbsp;&nbsp; 63665 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 21472 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14760 | &nbsp;&nbsp;&nbsp;&nbsp; 221913 |
| &nbsp;&nbsp;&nbsp; Beijing Huafeng Test & Control Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 3042 | &nbsp;&nbsp;&nbsp;&nbsp; 59948 |
| &nbsp;&nbsp;&nbsp; BYD Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 3600 | &nbsp;&nbsp;&nbsp;&nbsp; 52220 |
| &nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 42032 | &nbsp;&nbsp;&nbsp;&nbsp; 87469 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 20699 | &nbsp;&nbsp;&nbsp;&nbsp; 134319 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 12121 | &nbsp;&nbsp;&nbsp;&nbsp; 48816 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 113134 | &nbsp;&nbsp;&nbsp;&nbsp; 66390 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17200 | &nbsp;&nbsp;&nbsp;&nbsp; 66429 |
| &nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 6300 | &nbsp;&nbsp;&nbsp;&nbsp; 230079 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13900 | &nbsp;&nbsp;&nbsp;&nbsp; 113285 |
| &nbsp;&nbsp;&nbsp; Full Truck Alliance Co. Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 8671 | &nbsp;&nbsp;&nbsp;&nbsp; 100150 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 34852 | &nbsp;&nbsp;&nbsp;&nbsp; 251268 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 2124 | &nbsp;&nbsp;&nbsp;&nbsp; 66311 |
| &nbsp;&nbsp;&nbsp; Haidilao International Holding Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 29245 | &nbsp;&nbsp;&nbsp;&nbsp; 51843 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 10700 | &nbsp;&nbsp;&nbsp;&nbsp; 36761 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 21722 | &nbsp;&nbsp;&nbsp;&nbsp; 68433 |
| &nbsp;&nbsp;&nbsp; Huaming Power Equipment Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 14600 | &nbsp;&nbsp;&nbsp;&nbsp; 35573 |
| &nbsp;&nbsp;&nbsp; Huayu Automotive Systems Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 9600 | &nbsp;&nbsp;&nbsp;&nbsp; 23348 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yili Industrial Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 18500 | &nbsp;&nbsp;&nbsp;&nbsp; 70249 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2091 | &nbsp;&nbsp;&nbsp;&nbsp; 32958 |
| &nbsp;&nbsp;&nbsp; KE Holdings, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 5650 | &nbsp;&nbsp;&nbsp;&nbsp; 104073 |
| &nbsp;&nbsp;&nbsp; Meituan \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 4800 | &nbsp;&nbsp;&nbsp;&nbsp; 74052 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 27900 | &nbsp;&nbsp;&nbsp;&nbsp; 270966 |
| &nbsp;&nbsp;&nbsp; Montage Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 6749 | &nbsp;&nbsp;&nbsp;&nbsp; 79260 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10595 | &nbsp;&nbsp;&nbsp;&nbsp; 276977 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 110116 | &nbsp;&nbsp;&nbsp;&nbsp; 107609 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — continued** | **China — continued** | **China — continued** |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 13972 | &nbsp;&nbsp;&nbsp;&nbsp; 95923 |
| &nbsp;&nbsp;&nbsp; Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 35196 |
| &nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 19783 | &nbsp;&nbsp;&nbsp;&nbsp; 142374 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 11889 | &nbsp;&nbsp;&nbsp;&nbsp; 832375 |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 4761 | &nbsp;&nbsp;&nbsp;&nbsp; 99933 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 1313 | &nbsp;&nbsp;&nbsp;&nbsp; 81340 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp;&nbsp; 53690 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1838 | &nbsp;&nbsp;&nbsp;&nbsp; 85798 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4242465 |
| **Greece — 1.9%** | **Greece — 1.9%** | **Greece — 1.9%** |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp;&nbsp;&nbsp; 17461 | &nbsp;&nbsp;&nbsp;&nbsp; 243556 |
| &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings SA | &nbsp;&nbsp;&nbsp;&nbsp; 9211 | &nbsp;&nbsp;&nbsp;&nbsp; 70827 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 314383 |
| **Guatemala — 0.4%** | **Guatemala — 0.4%** | **Guatemala — 0.4%** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 1610 | &nbsp;&nbsp;&nbsp;&nbsp; 64642 |
| **Hong Kong — 2.0%** | **Hong Kong — 2.0%** | **Hong Kong — 2.0%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12556 | &nbsp;&nbsp;&nbsp;&nbsp; 117074 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1930 | &nbsp;&nbsp;&nbsp;&nbsp; 104449 |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8301 | &nbsp;&nbsp;&nbsp;&nbsp; 99261 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 320784 |
| **Hungary — 0.5%** | **Hungary — 0.5%** | **Hungary — 0.5%** |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 1051 | &nbsp;&nbsp;&nbsp;&nbsp; 85284 |
| **India — 11.1%** | **India — 11.1%** | **India — 11.1%** |
| &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 474 | &nbsp;&nbsp;&nbsp;&nbsp; 40411 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1135 | &nbsp;&nbsp;&nbsp;&nbsp; 103339 |
| &nbsp;&nbsp;&nbsp; Bajaj Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20580 | &nbsp;&nbsp;&nbsp;&nbsp; 205952 |
| &nbsp;&nbsp;&nbsp; Bharat Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14266 | &nbsp;&nbsp;&nbsp;&nbsp; 61976 |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3135 | &nbsp;&nbsp;&nbsp;&nbsp; 68246 |
| &nbsp;&nbsp;&nbsp; Cholamandalam Investment and Finance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6486 | &nbsp;&nbsp;&nbsp;&nbsp; 106329 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 694 | &nbsp;&nbsp;&nbsp;&nbsp; 11569 |
| &nbsp;&nbsp;&nbsp; HDFC Asset Management Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1715 | &nbsp;&nbsp;&nbsp;&nbsp; 110218 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 2533 | &nbsp;&nbsp;&nbsp;&nbsp; 194458 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3240 | &nbsp;&nbsp;&nbsp;&nbsp; 74353 |
| &nbsp;&nbsp;&nbsp; Hindustan Aeronautics Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 821 | &nbsp;&nbsp;&nbsp;&nbsp; 42254 |
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 2239 | &nbsp;&nbsp;&nbsp;&nbsp; 75454 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd., ADR (b) | &nbsp;&nbsp;&nbsp;&nbsp; 4106 | &nbsp;&nbsp;&nbsp;&nbsp; 68652 |
| &nbsp;&nbsp;&nbsp; MakeMyTrip Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 646 | &nbsp;&nbsp;&nbsp;&nbsp; 60459 |
| &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 412 | &nbsp;&nbsp;&nbsp;&nbsp; 59097 |
| &nbsp;&nbsp;&nbsp; Max Healthcare Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2926 | &nbsp;&nbsp;&nbsp;&nbsp; 41513 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 18804 | &nbsp;&nbsp;&nbsp;&nbsp; 71367 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 36111 | &nbsp;&nbsp;&nbsp;&nbsp; 119375 |
| &nbsp;&nbsp;&nbsp; Shriram Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 28158 | &nbsp;&nbsp;&nbsp;&nbsp; 201670 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1358 | &nbsp;&nbsp;&nbsp;&nbsp; 46833 |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp; 51377 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1814902 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Indonesia — 3.0%** | **Indonesia — 3.0%** | **Indonesia — 3.0%** |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 154000 | &nbsp;&nbsp;&nbsp;&nbsp; 77184 |
| &nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 579700 | &nbsp;&nbsp;&nbsp;&nbsp; 157813 |
| &nbsp;&nbsp;&nbsp; Bank Rakyat Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 560500 | &nbsp;&nbsp;&nbsp;&nbsp; 125513 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 736200 | &nbsp;&nbsp;&nbsp;&nbsp; 129273 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 489783 |
| **Mexico — 3.4%** | **Mexico — 3.4%** | **Mexico — 3.4%** |
| &nbsp;&nbsp;&nbsp; BBB Foods, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 1753 | &nbsp;&nbsp;&nbsp;&nbsp; 44737 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp; 24275 | &nbsp;&nbsp;&nbsp;&nbsp; 216191 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 7459 | &nbsp;&nbsp;&nbsp;&nbsp; 46533 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 268 | &nbsp;&nbsp;&nbsp;&nbsp; 25235 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 73576 | &nbsp;&nbsp;&nbsp;&nbsp; 216847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 549543 |
| **Panama — 0.3%** | **Panama — 0.3%** | **Panama — 0.3%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 475 | &nbsp;&nbsp;&nbsp;&nbsp; 52564 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 32469 |
| **Poland — 0.2%** | **Poland — 0.2%** | **Poland — 0.2%** |
| &nbsp;&nbsp;&nbsp; Dino Polska SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2670 | &nbsp;&nbsp;&nbsp;&nbsp; 35212 |
| **Portugal — 0.4%** | **Portugal — 0.4%** | **Portugal — 0.4%** |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 2518 | &nbsp;&nbsp;&nbsp;&nbsp; 61383 |
| **Saudi Arabia — 2.5%** | **Saudi Arabia — 2.5%** | **Saudi Arabia — 2.5%** |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank | &nbsp;&nbsp;&nbsp;&nbsp; 4085 | &nbsp;&nbsp;&nbsp;&nbsp; 103000 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 19152 | &nbsp;&nbsp;&nbsp;&nbsp; 123926 |
| &nbsp;&nbsp;&nbsp; Saudi National Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp; 17395 | &nbsp;&nbsp;&nbsp;&nbsp; 173586 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 400512 |
| **Singapore — 1.2%** | **Singapore — 1.2%** | **Singapore — 1.2%** |
| &nbsp;&nbsp;&nbsp; Grab Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 17025 | &nbsp;&nbsp;&nbsp;&nbsp; 83252 |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 714 | &nbsp;&nbsp;&nbsp;&nbsp; 111848 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 195100 |
| **South Africa — 1.9%** | **South Africa — 1.9%** | **South Africa — 1.9%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3523 | &nbsp;&nbsp;&nbsp;&nbsp; 34775 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1016 | &nbsp;&nbsp;&nbsp;&nbsp; 25545 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 428 | &nbsp;&nbsp;&nbsp;&nbsp; 82967 |
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16624 | &nbsp;&nbsp;&nbsp;&nbsp; 70595 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 955 | &nbsp;&nbsp;&nbsp;&nbsp; 13919 |
| &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 6557 | &nbsp;&nbsp;&nbsp;&nbsp; 84372 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 312173 |
| **South Korea — 12.6%** | **South Korea — 12.6%** | **South Korea — 12.6%** |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1901 | &nbsp;&nbsp;&nbsp;&nbsp; 116225 |
| &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp;&nbsp;&nbsp; 239007 |
| &nbsp;&nbsp;&nbsp; Hanwha Vision Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 415 | &nbsp;&nbsp;&nbsp;&nbsp; 18240 |
| &nbsp;&nbsp;&nbsp; Hyundai Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp; 492 | &nbsp;&nbsp;&nbsp;&nbsp; 74847 |
| &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1380 | &nbsp;&nbsp;&nbsp;&nbsp; 109638 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3242 | &nbsp;&nbsp;&nbsp;&nbsp; 237220 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8482 | &nbsp;&nbsp;&nbsp;&nbsp; 432276 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 2298 | &nbsp;&nbsp;&nbsp;&nbsp; 94619 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 639 | &nbsp;&nbsp;&nbsp;&nbsp; 201726 |
| &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3558 | &nbsp;&nbsp;&nbsp;&nbsp; 173253 |
| &nbsp;&nbsp;&nbsp; SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1759 | &nbsp;&nbsp;&nbsp;&nbsp; 340922 |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp;&nbsp; 18216 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2056189 |
| **Spain — 0.8%** | **Spain — 0.8%** | **Spain — 0.8%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 8294 | &nbsp;&nbsp;&nbsp;&nbsp; 138330 |
| **Taiwan — 18.4%** | **Taiwan — 18.4%** | **Taiwan — 18.4%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 4514 | &nbsp;&nbsp;&nbsp;&nbsp; 133317 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 33686 | &nbsp;&nbsp;&nbsp;&nbsp; 163357 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5697 | &nbsp;&nbsp;&nbsp;&nbsp; 107321 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 3033 | &nbsp;&nbsp;&nbsp;&nbsp; 137348 |
| &nbsp;&nbsp;&nbsp; Quanta Computer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 21250 | &nbsp;&nbsp;&nbsp;&nbsp; 197926 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10769 | &nbsp;&nbsp;&nbsp;&nbsp; 205913 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 46991 | &nbsp;&nbsp;&nbsp;&nbsp; 1809120 |
| &nbsp;&nbsp;&nbsp; United Microelectronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 10147 | &nbsp;&nbsp;&nbsp;&nbsp; 14060 |
| &nbsp;&nbsp;&nbsp; Wistron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13319 | &nbsp;&nbsp;&nbsp;&nbsp; 54206 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1897 | &nbsp;&nbsp;&nbsp;&nbsp; 173133 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2995701 |
| **Thailand — 0.9%** | **Thailand — 0.9%** | **Thailand — 0.9%** |
| &nbsp;&nbsp;&nbsp; SCB X PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 37500 | &nbsp;&nbsp;&nbsp;&nbsp; 144868 |
| **Turkey — 2.1%** | **Turkey — 2.1%** | **Turkey — 2.1%** |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp; 31714 | &nbsp;&nbsp;&nbsp;&nbsp; 145861 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp;&nbsp; 4867 | &nbsp;&nbsp;&nbsp;&nbsp; 63603 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 20710 | &nbsp;&nbsp;&nbsp;&nbsp; 48476 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 14494 | &nbsp;&nbsp;&nbsp;&nbsp; 50815 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi A/S \* | &nbsp;&nbsp;&nbsp;&nbsp; 36695 | &nbsp;&nbsp;&nbsp;&nbsp; 30347 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 339102 |
| **United States — 0.9%** | **United States — 0.9%** | **United States — 0.9%** |
| &nbsp;&nbsp;&nbsp; ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1448 | &nbsp;&nbsp;&nbsp;&nbsp; 62887 |
| &nbsp;&nbsp;&nbsp; Globant SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 343 | &nbsp;&nbsp;&nbsp;&nbsp; 28901 |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 56899 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 148687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $14,219,584)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 16191798 |
| **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** | **Short-Term Investments — 0.4%** |
| **Investment of Cash Collateral from Securities Loaned — 0.4%** | **Investment of Cash Collateral from Securities Loaned — 0.4%** | **Investment of Cash Collateral from Securities Loaned — 0.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (c) (d)(Cost $68,889) | &nbsp;&nbsp;&nbsp;&nbsp; 68889 | &nbsp;&nbsp;&nbsp;&nbsp; 68889 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** | **VALUE($)** |
| **Total Investments — 99.7%** <br>**(Cost $14,288,473)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **16260687** |
| **Other Assets in Excess of Liabilities — 0.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **45928** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **16306615** |

---

&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 |
| NVDR | Non-Voting Depositary Receipt |
| 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 |
| SGPS | Holding company |

---

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

\* Non-income producing security. 

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities 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. 

(b) The security or a portion of this security is on loan at July 31, 2025. The total value of securities on loan at July 31, 2025 is $66,579.

(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. 

(d) The rate shown is the current yield as of July 31, 2025.

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Banks | 19.0<br> %<br>|
| Semiconductors & Semiconductor Equipment | 18.0 |
| Technology Hardware, Storage & Peripherals | 5.9 |
| Interactive Media & Services | 5.1 |
| Oil, Gas & Consumable Fuels | 3.9 |
| Automobiles | 3.5 |
| Aerospace & Defense | 3.5 |
| Broadline Retail | 3.3 |
| Consumer Finance | 3.2 |
| Entertainment | 3.0 |
| Insurance | 3.0 |
| Capital Markets | 2.8 |
| Consumer Staples Distribution & Retail | 2.8 |
| Hotels, Restaurants & Leisure | 2.6 |
| Household Durables | 2.3 |
| Automobile Components | 1.7 |
| Electrical Equipment | 1.6 |
| Wireless Telecommunication Services | 1.4 |
| Ground Transportation | 1.1 |
| Food Products | 1.0 |
| IT Services | 1.0 |
| Others (each less than 1.0%) | 9.9 |
| Short-Term Investments | 0.4 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

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

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

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

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

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

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Argentina | &nbsp;&nbsp;&nbsp;&nbsp; $101146 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $101146 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 1296576 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1296576 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 559077 | &nbsp;&nbsp;&nbsp;&nbsp; 3683388 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4242465 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 314383 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 314383 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 64642 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 64642 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 320784 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 320784 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 85284 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 85284 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 399023 | &nbsp;&nbsp;&nbsp;&nbsp; 1415879 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1814902 |

---

------

**JPMorgan Active Developing Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $489783 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $489783 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 549543 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 549543 |
| &nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp;&nbsp; 52564 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 52564 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; 32469 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32469 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35212 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35212 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 61383 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 61383 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 400512 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 400512 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; 195100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 195100 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 39464 | &nbsp;&nbsp;&nbsp;&nbsp; 272709 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 312173 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2056189 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2056189 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 138330 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 138330 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2995701 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2995701 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 144868 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 144868 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 63603 | &nbsp;&nbsp;&nbsp;&nbsp; 275499 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 339102 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 148687 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 148687 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 3501894 | &nbsp;&nbsp;&nbsp;&nbsp; 12689904 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16191798 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 68889 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 68889 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $3570783 | &nbsp;&nbsp;&nbsp;&nbsp; $12689904 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $16260687 |

---

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2024**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 4.37% (a) (b)<br>| $— | $437373 | $368484 | $— | $— | $68889 | 68889 | $2185 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of July 31, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

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

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

- **a. Name of Series:** JPMorgan Active Developing Markets Equity ETF

- **b. EDGAR series identifier (if any):** S000083982

- **c. LEI of Series:** 5299009G9H062B8RYN28

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $16408569.76

**Total Liabilities:** $101993.44

**Net Assets:** $16306576.32

**Cash Not Reported:** $76864.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248102 | 5.47%                | 5.85%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-32161.57               | $779944.19                                 |
| Month 2  | $-42083.86               | $859891.37                                 |
| Month 3  | $13137.52                | $42565.43                                  |

**Designated Index Information**

- **Index Name:** EM (EMERGING MARKETS)

- **Index Identifier:** EMGLRNRUSD0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| China Yangtze Power Co. Ltd.                       | China Yangtze Power Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |     17200 | NS      | $66429.34     | 0.41%             |  |  |  | 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        |      1715 | NS      | $110218.46    | 0.68%             |  |  |  | Yes           |                  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        |     21722 | NS      | $68432.54     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Computer, Inc.                              | Quanta Computer, Inc.                                                 | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |     21250 | NS      | $197925.94    | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Vision Co. Ltd.                             | Hanwha Vision Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       415 | NS      | $18239.58     | 0.11%             |  |  |  | No            |                  2 | 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        |      6486 | NS      | $106328.91    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd.                                 | Grab Holdings Ltd., Class A                                           | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | KY        |     17025 | NS      | $83252.25     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                           | Sea Ltd.                                                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       714 | NS      | $111848.10    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (The)                          | Saudi National Bank (The)                                             | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |     17395 | NS      | $173586.32    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                         | National Bank of Greece SA                                            | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     17461 | NS      | $243555.84    | 1.49%             |  |  |  | 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        |     68889 | NS      | $68888.60     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                         | Alibaba Group Holding Ltd.                                            | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |     15860 | NS      | $238451.59    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                            | Meituan                                                               | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |      6300 | NS      | $97193.56     | 0.60%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bajaj Finance Ltd.                                 | Bajaj Finance Ltd.                                                    | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |     20580 | NS      | $205951.65    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                | PetroChina Co. Ltd., Class H                                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    110116 | NS      | $107608.82    | 0.66%             |  |  |  | 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        |     18500 | NS      | $70248.96     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd.                      | Max Healthcare Institute Ltd.                                         | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |      2926 | NS      | $41512.88     | 0.25%             |  |  |  | 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        |     12121 | NS      | $48816.36     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                           | Jeronimo Martins SGPS SA                                              | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |      2518 | NS      | $61382.98     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                           | Wuliangye Yibin Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      3200 | NS      | $53689.99     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                         | Capitec Bank Holdings Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       428 | NS      | $82967.15     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd.                                     | FirstRand Ltd.                                                        | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     16624 | NS      | $70594.84     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaming Power Equipment Co. Ltd.                   | Huaming Power Equipment Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     14600 | NS      | $35572.79     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                      | Piraeus Financial Holdings SA                                         | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |      9211 | NS      | $70827.41     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings, Inc.                                  | KE Holdings, Inc.                                                     | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |      5650 | NS      | $104073.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                       | JD.com, Inc., Class A                                                 | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |      2091 | NS      | $32958.22     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer SA                                         | Embraer SA                                                            | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      1295 | NS      | $74566.10     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                        | Turkiye Garanti Bankasi A/S                                           | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     14494 | NS      | $50814.78     | 0.31%             |  |  |  | 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        |     46991 | NS      | $1809120.02   | 11.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Yapi ve Kredi Bankasi A/S                          | Yapi ve Kredi Bankasi A/S                                             | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |     36695 | NS      | $30347.58     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                          | Kia Corp.                                                             | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      3242 | NS      | $237219.70    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co. Ltd.                       | Full Truck Alliance Co. Ltd.                                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |      8671 | NS      | $100150.05    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co. Ltd.                       | China Mengniu Dairy Co. Ltd.                                          | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | KY        |     42032 | NS      | $87469.25     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co. Ltd.                        | Montage Technology Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      6749 | NS      | $79260.18     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                       | Bank Mandiri Persero Tbk. PT                                          | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |    579700 | NS      | $157812.26    | 0.97%             |  |  |  | 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        |      7459 | NS      | $46533.25     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                 | Banco do Brasil SA                                                    | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |     23404 | NS      | $82672.91     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd.                                   | NU Holdings Ltd., Class A                                             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |     12859 | NS      | $157136.98    | 0.96%             |  |  |  | No            |                  1 | 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        |     36111 | NS      | $119374.58    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co. Ltd.                          | Haier Smart Home Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |     10700 | NS      | $36760.87     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                       | Infosys Ltd.                                                          | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      4106 | NS      | $68652.32     | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| H World Group Ltd.                                 | H World Group Ltd.                                                    | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |      2124 | NS      | $66311.28     | 0.41%             |  |  |  | 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        |      3042 | NS      | $59947.76     | 0.37%             |  |  |  | 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        |     20699 | NS      | $134318.86    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Haidilao International Holding Ltd.                | Haidilao International Holding Ltd.                                   | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |     29245 | NS      | $51842.55     | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                          | Bank Central Asia Tbk. PT                                             | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    154000 | NS      | $77184.12     | 0.47%             |  |  |  | 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        |     34852 | NS      | $251268.01    | 1.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                     | HDFC Bank Ltd.                                                        | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |      3240 | NS      | $74352.53     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                        | Realtek Semiconductor Corp.                                           | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     10769 | NS      | $205912.69    | 1.26%             |  |  |  | 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        |      3558 | NS      | $173252.94    | 1.06%             |  |  |  | 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        |     73576 | NS      | $216847.37    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corp.                                      | Wistron Corp.                                                         | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |     13319 | NS      | $54206.50     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                           | Itau Unibanco Holding SA (Preference)                                 | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |      3195 | NS      | $19958.94     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Aeronautics Ltd.                         | Hindustan Aeronautics Ltd.                                            | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |       821 | NS      | $42253.62     | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hanwha Aerospace Co. Ltd.                          | Hanwha Aerospace Co. Ltd.                                             | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |       335 | NS      | $239006.57    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ExlService Holdings, Inc.                          | ExlService Holdings, Inc.                                             | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      1192 | NS      | $51768.56     | 0.32%             |  |  |  | No            |                  1 | 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        |    560500 | NS      | $125513.12    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                | SK Telecom Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |       451 | NS      | $18216.56     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                              | Tencent Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     11889 | NS      | $832375.52    | 5.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                  | Tencent Music Entertainment Group                                     | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |      4761 | NS      | $99933.39     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Absa Group Ltd.                                    | Absa Group Ltd.                                                       | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |      3523 | NS      | $34774.95     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                           | Yum China Holdings, Inc.                                              | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |      1838 | NS      | $85797.84     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SA                                             | YPF SA                                                                | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |      1547 | NS      | $51886.38     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd.                             | Shoprite Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |       955 | NS      | $13919.55     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                      | Al Rajhi Bank                                                         | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      4085 | NS      | $102999.47    | 0.63%             |  |  |  | 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        |     19783 | NS      | $142373.52    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                      | NetEase, Inc.                                                         | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     10595 | NS      | $276977.19    | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                                    | Bajaj Auto Ltd.                                                       | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |      1135 | NS      | $103338.79    | 0.63%             |  |  |  | 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        |     33686 | NS      | $163356.54    | 1.00%             |  |  |  | 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        |     27900 | NS      | $270965.78    | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                     | MediaTek, Inc.                                                        | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      2733 | NS      | $123762.74    | 0.76%             |  |  |  | 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        |      1930 | NS      | $104449.31    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                     | OTP Bank Nyrt.                                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      1051 | NS      | $85284.39     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                   | Apollo Hospitals Enterprise Ltd.                                      | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |       474 | NS      | $40411.26     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                       | BYD Co. Ltd., Class A                                                 | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |      3600 | NS      | $52219.95     | 0.32%             |  |  |  | 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        |     13972 | NS      | $95922.87     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                         | Globant SA                                                            | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Long             | EC               | CORP              | LU        |       343 | NS      | $28901.18     | 0.18%             |  |  |  | No            |                  1 | 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        |       639 | NS      | $201725.67    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                             | TIM SA                                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |     19400 | NS      | $71473.96     | 0.44%             |  |  |  | No            |                  1 | 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        |      6300 | NS      | $230078.59    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                            | Accton Technology Corp.                                               | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      4514 | NS      | $133317.43    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                         | Alibaba Group Holding Ltd.                                            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |       178 | NS      | $21472.14     | 0.13%             |  |  |  | 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        |      9600 | NS      | $23347.54     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd.                                | Trip.com Group Ltd.                                                   | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      1313 | NS      | $81340.35     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruti Suzuki India Ltd.                           | Maruti Suzuki India Ltd.                                              | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |       412 | NS      | $59096.86     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                    | ICICI Bank Ltd.                                                       | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2239 | NS      | $75454.30     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods, Inc.                                    | BBB Foods, Inc., Class A                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      1753 | NS      | $44736.56     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy SAB de CV                             | Vista Energy SAB de CV                                                | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |      1102 | NS      | $49259.40     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp.                              | Southern Copper Corp.                                                 | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |       268 | NS      | $25234.88     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                             | Petroleo Brasileiro SA (Preference)                                   | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |     24869 | NS      | $144562.68    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                     | Tata Consultancy Services Ltd.                                        | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |      1358 | NS      | $46832.60     | 0.29%             |  |  |  | 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        |     31714 | NS      | $145861.33    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                 | Banco Bilbao Vizcaya Argentaria SA                                    | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |      8825 | NS      | $147185.71    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                     | HDFC Bank Ltd.                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      2533 | NS      | $194458.41    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group, Inc.                           | KB Financial Group, Inc.                                              | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      1380 | NS      | $109638.56    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                              | UltraTech Cement Ltd.                                                 | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |       369 | NS      | $51377.32     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                            | Bharat Electronics Ltd.                                               | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |     14266 | NS      | $61975.76     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd.                           | ENN Energy Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |     13900 | NS      | $113285.31    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                           | Itau Unibanco Holding SA                                              | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     15768 | NS      | $98865.36     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp.                   | China Petroleum & Chemical Corp., Class H                             | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |    113134 | NS      | $66389.61     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                             | WEG SA                                                                | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |      4202 | NS      | $27765.45     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                                          | SCB X PCL                                                             | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |     37500 | NS      | $144867.78    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                  | Hyundai Motor Co.                                                     | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |       492 | NS      | $74846.69     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics, Inc.                            | Delta Electronics, Inc.                                               | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      5697 | NS      | $107320.71    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                     | SK Hynix, Inc.                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1759 | NS      | $340922.29    | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                     | Dino Polska SA                                                        | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |      2670 | NS      | $35212.34     | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wiwynn Corp.                                       | Wiwynn Corp.                                                          | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      1897 | NS      | $173132.73    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                     | Techtronic Industries Co. Ltd.                                        | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |      8301 | NS      | $99260.48     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                              | Saudi Arabian Oil Co.                                                 | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |     19152 | NS      | $123925.96    | 0.76%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIA Group Ltd.                                     | AIA Group Ltd.                                                        | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |     11156 | NS      | $104020.46    | 0.64%             |  |  |  | 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        |    736200 | NS      | $129272.99    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Bid Corp. Ltd.                                     | Bid Corp. Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      1828 | NS      | $45960.28     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                     | BB Seguridade Participacoes SA                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      2866 | NS      | $17222.97     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                 | MercadoLibre, Inc.                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       112 | NS      | $265875.68    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd.                               | Shriram Finance Ltd.                                                  | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |     28158 | NS      | $201670.22    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd.  | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      1100 | NS      | $35196.18     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp.                      | United Microelectronics Corp.                                         | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |     10147 | NS      | $14060.42     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                             | Petroleo Brasileiro SA                                                | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      7707 | NS      | $89555.34     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                               | Banco BTG Pactual SA                                                  | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |     14634 | NS      | $102315.56    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA                 | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |      1610 | NS      | $64641.50     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Otomotiv Sanayi A/S                           | Ford Otomotiv Sanayi A/S                                              | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |     20710 | NS      | $48475.65     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                                     | Credicorp Ltd.                                                        | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |       137 | NS      | $32469.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Bank Group Ltd.                           | Standard Bank Group Ltd.                                              | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |      6557 | NS      | $84372.04     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                       | Samsung Electronics Co. Ltd. (Preference)                             | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      2298 | NS      | $94618.92     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                 | Bharti Airtel Ltd.                                                    | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      3135 | NS      | $68246.29     | 0.42%             |  |  |  | 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        |     64468 | NS      | $144604.13    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group, Inc.                         | Hana Financial Group, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1901 | NS      | $116225.43    | 0.71%             |  |  |  | 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        |     26131 | NS      | $232720.35    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                              | HCL Technologies Ltd.                                                 | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |       694 | NS      | $11569.06     | 0.07%             |  |  |  | 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        |      2329 | NS      | $63665.20     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd.                                    | MakeMyTrip Ltd.                                                       | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |       646 | NS      | $60459.14     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                   | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |       475 | NS      | $52563.50     | 0.32%             |  |  |  | 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        |      4867 | NS      | $63602.89     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd.                                          | NTPC Ltd.                                                             | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |     18804 | NS      | $71367.22     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                       | Samsung Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      8482 | NS      | $432276.43    | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Monolithic Power Systems, Inc.                     | Monolithic Power Systems, Inc.                                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        80 | NS      | $56899.20     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Timothy J. Clemens

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

**Title:** Treasurer and Principal Financial Officer