# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-25-001878
**Filing Date:** 2025-9
**Character Count:** 279608
**Document Hash:** 580d39ed588b8d38ada5a22585a620cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001878.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-001878

**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:** 251341900

**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 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 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 ActiveBuilders Emerging 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 — 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; 4253 | &nbsp;&nbsp;&nbsp;&nbsp; 190109 |
| &nbsp;&nbsp;&nbsp; YPF SA, ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 18219 | &nbsp;&nbsp;&nbsp;&nbsp; 611065 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 801174 |
| **Austria — 0.0% ^** | **Austria — 0.0% ^** | **Austria — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp; 13498 | &nbsp;&nbsp;&nbsp;&nbsp; 389747 |
| **Brazil — 5.3%** | **Brazil — 5.3%** | **Brazil — 5.3%** |
| &nbsp;&nbsp;&nbsp; Ambev SA | &nbsp;&nbsp;&nbsp;&nbsp; 179873 | &nbsp;&nbsp;&nbsp;&nbsp; 402819 |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp; 2011794 | &nbsp;&nbsp;&nbsp;&nbsp; 4512529 |
| &nbsp;&nbsp;&nbsp; Banco BTG Pactual SA | &nbsp;&nbsp;&nbsp;&nbsp; 557078 | &nbsp;&nbsp;&nbsp;&nbsp; 3894885 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 338618 | &nbsp;&nbsp;&nbsp;&nbsp; 1196143 |
| &nbsp;&nbsp;&nbsp; Banco Santander Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 69266 | &nbsp;&nbsp;&nbsp;&nbsp; 325576 |
| &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 97921 | &nbsp;&nbsp;&nbsp;&nbsp; 711733 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp;&nbsp;&nbsp; 80718 | &nbsp;&nbsp;&nbsp;&nbsp; 1557406 |
| &nbsp;&nbsp;&nbsp; CPFL Energia SA | &nbsp;&nbsp;&nbsp;&nbsp; 46273 | &nbsp;&nbsp;&nbsp;&nbsp; 311624 |
| &nbsp;&nbsp;&nbsp; Cury Construtora e Incorporadora SA | &nbsp;&nbsp;&nbsp;&nbsp; 97222 | &nbsp;&nbsp;&nbsp;&nbsp; 510283 |
| &nbsp;&nbsp;&nbsp; Embraer SA | &nbsp;&nbsp;&nbsp;&nbsp; 139328 | &nbsp;&nbsp;&nbsp;&nbsp; 2002503 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 1184630 | &nbsp;&nbsp;&nbsp;&nbsp; 7400301 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 735002 | &nbsp;&nbsp;&nbsp;&nbsp; 1354613 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA | &nbsp;&nbsp;&nbsp;&nbsp; 285412 | &nbsp;&nbsp;&nbsp;&nbsp; 1758483 |
| &nbsp;&nbsp;&nbsp; Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp; 254336 | &nbsp;&nbsp;&nbsp;&nbsp; 735817 |
| &nbsp;&nbsp;&nbsp; Marcopolo SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 379834 | &nbsp;&nbsp;&nbsp;&nbsp; 559622 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 3954 | &nbsp;&nbsp;&nbsp;&nbsp; 9386361 |
| &nbsp;&nbsp;&nbsp; Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp;&nbsp;&nbsp; 94028 | &nbsp;&nbsp;&nbsp;&nbsp; 206374 |
| &nbsp;&nbsp;&nbsp; NU Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 580494 | &nbsp;&nbsp;&nbsp;&nbsp; 7093637 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 658424 | &nbsp;&nbsp;&nbsp;&nbsp; 8388322 |
| &nbsp;&nbsp;&nbsp; Porto Seguro SA | &nbsp;&nbsp;&nbsp;&nbsp; 125189 | &nbsp;&nbsp;&nbsp;&nbsp; 1157421 |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 405359 | &nbsp;&nbsp;&nbsp;&nbsp; 977283 |
| &nbsp;&nbsp;&nbsp; Suzano SA | &nbsp;&nbsp;&nbsp;&nbsp; 24088 | &nbsp;&nbsp;&nbsp;&nbsp; 223864 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp;&nbsp;&nbsp; 115858 | &nbsp;&nbsp;&nbsp;&nbsp; 651961 |
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp;&nbsp;&nbsp; 389236 | &nbsp;&nbsp;&nbsp;&nbsp; 1434033 |
| &nbsp;&nbsp;&nbsp; TOTVS SA | &nbsp;&nbsp;&nbsp;&nbsp; 46754 | &nbsp;&nbsp;&nbsp;&nbsp; 363625 |
| &nbsp;&nbsp;&nbsp; Vale SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 143539 | &nbsp;&nbsp;&nbsp;&nbsp; 1367927 |
| &nbsp;&nbsp;&nbsp; Vibra Energia SA | &nbsp;&nbsp;&nbsp;&nbsp; 178126 | &nbsp;&nbsp;&nbsp;&nbsp; 676615 |
| &nbsp;&nbsp;&nbsp; WEG SA | &nbsp;&nbsp;&nbsp;&nbsp; 380839 | &nbsp;&nbsp;&nbsp;&nbsp; 2516460 |
| &nbsp;&nbsp;&nbsp; Wilson Sons SA | &nbsp;&nbsp;&nbsp;&nbsp; 87943 | &nbsp;&nbsp;&nbsp;&nbsp; 277514 |
| &nbsp;&nbsp;&nbsp; YDUQS Participacoes SA | &nbsp;&nbsp;&nbsp;&nbsp; 99963 | &nbsp;&nbsp;&nbsp;&nbsp; 231362 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 62187096 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| &nbsp;&nbsp;&nbsp; Banco de Chile | &nbsp;&nbsp;&nbsp;&nbsp; 3059026 | &nbsp;&nbsp;&nbsp;&nbsp; 421390 |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile | &nbsp;&nbsp;&nbsp;&nbsp; 18089772 | &nbsp;&nbsp;&nbsp;&nbsp; 1044903 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1466293 |
| **China — 27.5%** | **China — 27.5%** | **China — 27.5%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro-Fabrication Equipment, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 13403 | &nbsp;&nbsp;&nbsp;&nbsp; 366382 |
| &nbsp;&nbsp;&nbsp; Airtac International Group | &nbsp;&nbsp;&nbsp;&nbsp; 29670 | &nbsp;&nbsp;&nbsp;&nbsp; 843860 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2015686 | &nbsp;&nbsp;&nbsp;&nbsp; 30305393 |
| &nbsp;&nbsp;&nbsp; Angel Yeast Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 191209 | &nbsp;&nbsp;&nbsp;&nbsp; 909376 |

---

------

**JPMorgan ActiveBuilders Emerging 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; Anhui Expressway Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 280875 |
| &nbsp;&nbsp;&nbsp; Anjoy Foods Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 74900 | &nbsp;&nbsp;&nbsp;&nbsp; 765642 |
| &nbsp;&nbsp;&nbsp; ANTA Sports Products Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 57200 | &nbsp;&nbsp;&nbsp;&nbsp; 656547 |
| &nbsp;&nbsp;&nbsp; Bank of Hangzhou Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 176000 | &nbsp;&nbsp;&nbsp;&nbsp; 391352 |
| &nbsp;&nbsp;&nbsp; Baoshan Iron & Steel Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 265300 | &nbsp;&nbsp;&nbsp;&nbsp; 269799 |
| &nbsp;&nbsp;&nbsp; Beijing Huafeng Test & Control Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 40830 | &nbsp;&nbsp;&nbsp;&nbsp; 804624 |
| &nbsp;&nbsp;&nbsp; BYD Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 138000 | &nbsp;&nbsp;&nbsp;&nbsp; 2014918 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 4232000 | &nbsp;&nbsp;&nbsp;&nbsp; 3932045 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 7426000 | &nbsp;&nbsp;&nbsp;&nbsp; 7595339 |
| &nbsp;&nbsp;&nbsp; China Feihe Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 612000 | &nbsp;&nbsp;&nbsp;&nbsp; 363835 |
| &nbsp;&nbsp;&nbsp; China Galaxy Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 361000 | &nbsp;&nbsp;&nbsp;&nbsp; 487859 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 203500 | &nbsp;&nbsp;&nbsp;&nbsp; 536812 |
| &nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 144800 | &nbsp;&nbsp;&nbsp;&nbsp; 367682 |
| &nbsp;&nbsp;&nbsp; China Life Insurance Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 371000 | &nbsp;&nbsp;&nbsp;&nbsp; 1071675 |
| &nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 427000 | &nbsp;&nbsp;&nbsp;&nbsp; 888594 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1717500 | &nbsp;&nbsp;&nbsp;&nbsp; 11145110 |
| &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3489500 | &nbsp;&nbsp;&nbsp;&nbsp; 2100292 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1142200 | &nbsp;&nbsp;&nbsp;&nbsp; 4600119 |
| &nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 3548000 | &nbsp;&nbsp;&nbsp;&nbsp; 2082047 |
| &nbsp;&nbsp;&nbsp; China Resources Gas Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 317700 | &nbsp;&nbsp;&nbsp;&nbsp; 804196 |
| &nbsp;&nbsp;&nbsp; China Resources Land Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 158000 | &nbsp;&nbsp;&nbsp;&nbsp; 579381 |
| &nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 182000 | &nbsp;&nbsp;&nbsp;&nbsp; 451012 |
| &nbsp;&nbsp;&nbsp; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 193243 | &nbsp;&nbsp;&nbsp;&nbsp; 838480 |
| &nbsp;&nbsp;&nbsp; China Tower Corp. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 328600 | &nbsp;&nbsp;&nbsp;&nbsp; 459815 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 877675 | &nbsp;&nbsp;&nbsp;&nbsp; 3389731 |
| &nbsp;&nbsp;&nbsp; China Zheshang Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 894000 | &nbsp;&nbsp;&nbsp;&nbsp; 314159 |
| &nbsp;&nbsp;&nbsp; CITIC Securities Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 612000 | &nbsp;&nbsp;&nbsp;&nbsp; 2150320 |
| &nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp; 6756276 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 357400 | &nbsp;&nbsp;&nbsp;&nbsp; 2912818 |
| &nbsp;&nbsp;&nbsp; Focus Media Information Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1855700 | &nbsp;&nbsp;&nbsp;&nbsp; 1926055 |
| &nbsp;&nbsp;&nbsp; Foshan Haitian Flavouring & Food Co. Ltd., Class H \* | &nbsp;&nbsp;&nbsp;&nbsp; 100700 | &nbsp;&nbsp;&nbsp;&nbsp; 438719 |
| &nbsp;&nbsp;&nbsp; Foxconn Industrial Internet Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 813800 | &nbsp;&nbsp;&nbsp;&nbsp; 3877443 |
| &nbsp;&nbsp;&nbsp; Full Truck Alliance Co. Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 103706 | &nbsp;&nbsp;&nbsp;&nbsp; 1197804 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1100800 | &nbsp;&nbsp;&nbsp;&nbsp; 7936297 |
| &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 228000 | &nbsp;&nbsp;&nbsp;&nbsp; 511408 |
| &nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 109600 | &nbsp;&nbsp;&nbsp;&nbsp; 692663 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 880486 | &nbsp;&nbsp;&nbsp;&nbsp; 2748174 |
| &nbsp;&nbsp;&nbsp; Haidilao International Holding Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 928000 | &nbsp;&nbsp;&nbsp;&nbsp; 1645064 |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1142000 | &nbsp;&nbsp;&nbsp;&nbsp; 3597733 |
| &nbsp;&nbsp;&nbsp; Hongfa Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 342380 | &nbsp;&nbsp;&nbsp;&nbsp; 1162559 |
| &nbsp;&nbsp;&nbsp; Huaming Power Equipment Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 169000 | &nbsp;&nbsp;&nbsp;&nbsp; 411767 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp; 375450 |
| &nbsp;&nbsp;&nbsp; Inner Mongolia Yili Industrial Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 1151513 | &nbsp;&nbsp;&nbsp;&nbsp; 4372573 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 58202 | &nbsp;&nbsp;&nbsp;&nbsp; 917377 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 314000 | &nbsp;&nbsp;&nbsp;&nbsp; 2737605 |
| &nbsp;&nbsp;&nbsp; Kanzhun Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 97454 | &nbsp;&nbsp;&nbsp;&nbsp; 1847728 |
| &nbsp;&nbsp;&nbsp; KE Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 623668 | &nbsp;&nbsp;&nbsp;&nbsp; 3814370 |
| &nbsp;&nbsp;&nbsp; Kingdee International Software Group Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 986000 | &nbsp;&nbsp;&nbsp;&nbsp; 2288517 |

---

------

**JPMorgan ActiveBuilders Emerging 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; Kingsoft Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 70600 | &nbsp;&nbsp;&nbsp;&nbsp; 321036 |
| &nbsp;&nbsp;&nbsp; Kuaishou Technology \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 108800 | &nbsp;&nbsp;&nbsp;&nbsp; 1062329 |
| &nbsp;&nbsp;&nbsp; Kunlun Energy Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 298000 | &nbsp;&nbsp;&nbsp;&nbsp; 287079 |
| &nbsp;&nbsp;&nbsp; Kweichow Moutai Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 26100 | &nbsp;&nbsp;&nbsp;&nbsp; 5136405 |
| &nbsp;&nbsp;&nbsp; Lenovo Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1188000 | &nbsp;&nbsp;&nbsp;&nbsp; 1523313 |
| &nbsp;&nbsp;&nbsp; Luxshare Precision Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 252100 | &nbsp;&nbsp;&nbsp;&nbsp; 1272563 |
| &nbsp;&nbsp;&nbsp; Luzhou Laojiao Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 44800 | &nbsp;&nbsp;&nbsp;&nbsp; 762486 |
| &nbsp;&nbsp;&nbsp; Meituan \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 513328 | &nbsp;&nbsp;&nbsp;&nbsp; 7919393 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 776712 | &nbsp;&nbsp;&nbsp;&nbsp; 7543454 |
| &nbsp;&nbsp;&nbsp; Minth Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 182000 | &nbsp;&nbsp;&nbsp;&nbsp; 600789 |
| &nbsp;&nbsp;&nbsp; Montage Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 206997 | &nbsp;&nbsp;&nbsp;&nbsp; 2430971 |
| &nbsp;&nbsp;&nbsp; NARI Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 567848 | &nbsp;&nbsp;&nbsp;&nbsp; 1721921 |
| &nbsp;&nbsp;&nbsp; NAURA Technology Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 21075 | &nbsp;&nbsp;&nbsp;&nbsp; 976385 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 625548 | &nbsp;&nbsp;&nbsp;&nbsp; 16353235 |
| &nbsp;&nbsp;&nbsp; Nongfu Spring Co. Ltd., Class H (a) | &nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp; 410213 |
| &nbsp;&nbsp;&nbsp; PDD Holdings, Inc., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 44466 | &nbsp;&nbsp;&nbsp;&nbsp; 5044668 |
| &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China Ltd. (The), Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2148000 | &nbsp;&nbsp;&nbsp;&nbsp; 1650240 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 2598000 | &nbsp;&nbsp;&nbsp;&nbsp; 2538847 |
| &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 836000 | &nbsp;&nbsp;&nbsp;&nbsp; 1735188 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1058000 | &nbsp;&nbsp;&nbsp;&nbsp; 7263555 |
| &nbsp;&nbsp;&nbsp; Qifu Technology, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 17000 | &nbsp;&nbsp;&nbsp;&nbsp; 292035 |
| &nbsp;&nbsp;&nbsp; Sany Heavy Industry Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 552700 | &nbsp;&nbsp;&nbsp;&nbsp; 1526118 |
| &nbsp;&nbsp;&nbsp; SF Holding Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 72100 | &nbsp;&nbsp;&nbsp;&nbsp; 459102 |
| &nbsp;&nbsp;&nbsp; Shanghai Baosight Software Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 318401 | &nbsp;&nbsp;&nbsp;&nbsp; 1089264 |
| &nbsp;&nbsp;&nbsp; Shanghai Pudong Development Bank Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 296806 | &nbsp;&nbsp;&nbsp;&nbsp; 526528 |
| &nbsp;&nbsp;&nbsp; Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 11600 | &nbsp;&nbsp;&nbsp;&nbsp; 287546 |
| &nbsp;&nbsp;&nbsp; Shenzhen Inovance Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 61900 | &nbsp;&nbsp;&nbsp;&nbsp; 541517 |
| &nbsp;&nbsp;&nbsp; Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 54700 | &nbsp;&nbsp;&nbsp;&nbsp; 1750210 |
| &nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 375500 | &nbsp;&nbsp;&nbsp;&nbsp; 2702384 |
| &nbsp;&nbsp;&nbsp; Sieyuan Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 32300 | &nbsp;&nbsp;&nbsp;&nbsp; 348863 |
| &nbsp;&nbsp;&nbsp; Silergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 156625 | &nbsp;&nbsp;&nbsp;&nbsp; 1684750 |
| &nbsp;&nbsp;&nbsp; Sinopharm Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 687600 | &nbsp;&nbsp;&nbsp;&nbsp; 1652735 |
| &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 117000 | &nbsp;&nbsp;&nbsp;&nbsp; 356564 |
| &nbsp;&nbsp;&nbsp; SITC International Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 179000 | &nbsp;&nbsp;&nbsp;&nbsp; 580325 |
| &nbsp;&nbsp;&nbsp; Sunresin New Materials Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 88700 | &nbsp;&nbsp;&nbsp;&nbsp; 635285 |
| &nbsp;&nbsp;&nbsp; TCL Electronics Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 317000 | &nbsp;&nbsp;&nbsp;&nbsp; 410550 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 968700 | &nbsp;&nbsp;&nbsp;&nbsp; 67820856 |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 266700 | &nbsp;&nbsp;&nbsp;&nbsp; 2805399 |
| &nbsp;&nbsp;&nbsp; Tingyi Cayman Islands Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 782000 | &nbsp;&nbsp;&nbsp;&nbsp; 1156003 |
| &nbsp;&nbsp;&nbsp; Tongcheng Travel Holdings Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp; 330743 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 77118 | &nbsp;&nbsp;&nbsp;&nbsp; 4787675 |
| &nbsp;&nbsp;&nbsp; Tsingtao Brewery Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 44000 | &nbsp;&nbsp;&nbsp;&nbsp; 279530 |
| &nbsp;&nbsp;&nbsp; Weichai Power Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1132000 | &nbsp;&nbsp;&nbsp;&nbsp; 2399689 |
| &nbsp;&nbsp;&nbsp; Wuliangye Yibin Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 81300 | &nbsp;&nbsp;&nbsp;&nbsp; 1364061 |
| &nbsp;&nbsp;&nbsp; XCMG Construction Machinery Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 2490900 | &nbsp;&nbsp;&nbsp;&nbsp; 2893530 |
| &nbsp;&nbsp;&nbsp; Xiamen Faratronic Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 36800 | &nbsp;&nbsp;&nbsp;&nbsp; 560304 |
| &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1295800 | &nbsp;&nbsp;&nbsp;&nbsp; 8718080 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 86767 | &nbsp;&nbsp;&nbsp;&nbsp; 4050284 |

---

------

**JPMorgan ActiveBuilders Emerging 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; Yutong Bus Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 91100 | &nbsp;&nbsp;&nbsp;&nbsp; 314485 |
| &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 896000 | &nbsp;&nbsp;&nbsp;&nbsp; 853718 |
| &nbsp;&nbsp;&nbsp; Zhejiang Huayou Cobalt Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 61500 | &nbsp;&nbsp;&nbsp;&nbsp; 375522 |
| &nbsp;&nbsp;&nbsp; Zhejiang Supor Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 182073 | &nbsp;&nbsp;&nbsp;&nbsp; 1308710 |
| &nbsp;&nbsp;&nbsp; Zhuzhou CRRC Times Electric Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 556900 | &nbsp;&nbsp;&nbsp;&nbsp; 2259001 |
| &nbsp;&nbsp;&nbsp; Zijin Mining Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 1496000 | &nbsp;&nbsp;&nbsp;&nbsp; 3966883 |
| &nbsp;&nbsp;&nbsp; Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp; 352200 | &nbsp;&nbsp;&nbsp;&nbsp; 274854 |
| &nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 214441 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 322067285 |
| **Colombia — 0.0% ^** | **Colombia — 0.0% ^** | **Colombia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Grupo Cibest SA (Preference) | &nbsp;&nbsp;&nbsp;&nbsp; 52744 | &nbsp;&nbsp;&nbsp;&nbsp; 570820 |
| **Cyprus — 0.1%** | **Cyprus — 0.1%** | **Cyprus — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bank of Cyprus Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp; 81591 | &nbsp;&nbsp;&nbsp;&nbsp; 612654 |
| **Czech Republic — 0.1%** | **Czech Republic — 0.1%** | **Czech Republic — 0.1%** |
| &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S (a) | &nbsp;&nbsp;&nbsp;&nbsp; 147392 | &nbsp;&nbsp;&nbsp;&nbsp; 1025205 |
| **Greece — 1.3%** | **Greece — 1.3%** | **Greece — 1.3%** |
| &nbsp;&nbsp;&nbsp; Alpha Bank SA | &nbsp;&nbsp;&nbsp;&nbsp; 238208 | &nbsp;&nbsp;&nbsp;&nbsp; 891644 |
| &nbsp;&nbsp;&nbsp; Athens International Airport SA | &nbsp;&nbsp;&nbsp;&nbsp; 40265 | &nbsp;&nbsp;&nbsp;&nbsp; 459504 |
| &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and Holdings SA | &nbsp;&nbsp;&nbsp;&nbsp; 668176 | &nbsp;&nbsp;&nbsp;&nbsp; 2452450 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp; 48220 | &nbsp;&nbsp;&nbsp;&nbsp; 874956 |
| &nbsp;&nbsp;&nbsp; Metlen Energy & Metals SA | &nbsp;&nbsp;&nbsp;&nbsp; 37340 | &nbsp;&nbsp;&nbsp;&nbsp; 2054126 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp;&nbsp;&nbsp; 345543 | &nbsp;&nbsp;&nbsp;&nbsp; 4819828 |
| &nbsp;&nbsp;&nbsp; OPAP SA | &nbsp;&nbsp;&nbsp;&nbsp; 48017 | &nbsp;&nbsp;&nbsp;&nbsp; 1077309 |
| &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings SA | &nbsp;&nbsp;&nbsp;&nbsp; 346464 | &nbsp;&nbsp;&nbsp;&nbsp; 2664114 |
| &nbsp;&nbsp;&nbsp; Public Power Corp. SA | &nbsp;&nbsp;&nbsp;&nbsp; 21216 | &nbsp;&nbsp;&nbsp;&nbsp; 344113 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15638044 |
| **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp; 8967 | &nbsp;&nbsp;&nbsp;&nbsp; 360025 |
| **Hong Kong — 1.1%** | **Hong Kong — 1.1%** | **Hong Kong — 1.1%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 700400 | &nbsp;&nbsp;&nbsp;&nbsp; 6530650 |
| &nbsp;&nbsp;&nbsp; ASMPT Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30300 | &nbsp;&nbsp;&nbsp;&nbsp; 256329 |
| &nbsp;&nbsp;&nbsp; Cathay Pacific Airways Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 201000 | &nbsp;&nbsp;&nbsp;&nbsp; 298750 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 64100 | &nbsp;&nbsp;&nbsp;&nbsp; 3469016 |
| &nbsp;&nbsp;&nbsp; Stella International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 158500 | &nbsp;&nbsp;&nbsp;&nbsp; 314981 |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 155500 | &nbsp;&nbsp;&nbsp;&nbsp; 1859415 |
| &nbsp;&nbsp;&nbsp; United Laboratories International Holdings Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 164000 | &nbsp;&nbsp;&nbsp;&nbsp; 307426 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 381000 | &nbsp;&nbsp;&nbsp;&nbsp; 381434 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13418001 |
| **Hungary — 0.4%** | **Hungary — 0.4%** | **Hungary — 0.4%** |
| &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp;&nbsp; 53610 | &nbsp;&nbsp;&nbsp;&nbsp; 465792 |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 38604 | &nbsp;&nbsp;&nbsp;&nbsp; 3132558 |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt. | &nbsp;&nbsp;&nbsp;&nbsp; 20502 | &nbsp;&nbsp;&nbsp;&nbsp; 615376 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4213726 |
| **India — 14.7%** | **India — 14.7%** | **India — 14.7%** |
| &nbsp;&nbsp;&nbsp; Aavas Financiers Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 15572 | &nbsp;&nbsp;&nbsp;&nbsp; 305440 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; ABB India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10080 | &nbsp;&nbsp;&nbsp;&nbsp; 631191 |
| &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3591 | &nbsp;&nbsp;&nbsp;&nbsp; 306154 |
| &nbsp;&nbsp;&nbsp; Asian Paints Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14325 | &nbsp;&nbsp;&nbsp;&nbsp; 391010 |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd., GDR (a) | &nbsp;&nbsp;&nbsp;&nbsp; 7168 | &nbsp;&nbsp;&nbsp;&nbsp; 434786 |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 36701 | &nbsp;&nbsp;&nbsp;&nbsp; 3341530 |
| &nbsp;&nbsp;&nbsp; Bajaj Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 275630 | &nbsp;&nbsp;&nbsp;&nbsp; 2758331 |
| &nbsp;&nbsp;&nbsp; Bajaj Finserv Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 169197 | &nbsp;&nbsp;&nbsp;&nbsp; 3743916 |
| &nbsp;&nbsp;&nbsp; Bharat Electronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 495786 | &nbsp;&nbsp;&nbsp;&nbsp; 2153842 |
| &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 114389 | &nbsp;&nbsp;&nbsp;&nbsp; 427464 |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 229626 | &nbsp;&nbsp;&nbsp;&nbsp; 4998763 |
| &nbsp;&nbsp;&nbsp; Biocon Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 60775 | &nbsp;&nbsp;&nbsp;&nbsp; 270188 |
| &nbsp;&nbsp;&nbsp; Blue Star Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 88467 | &nbsp;&nbsp;&nbsp;&nbsp; 1744358 |
| &nbsp;&nbsp;&nbsp; Britannia Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 31087 | &nbsp;&nbsp;&nbsp;&nbsp; 2045375 |
| &nbsp;&nbsp;&nbsp; Canara Bank | &nbsp;&nbsp;&nbsp;&nbsp; 225333 | &nbsp;&nbsp;&nbsp;&nbsp; 274225 |
| &nbsp;&nbsp;&nbsp; CG Power & Industrial Solutions Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 160329 | &nbsp;&nbsp;&nbsp;&nbsp; 1203812 |
| &nbsp;&nbsp;&nbsp; Cholamandalam Investment and Finance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 228708 | &nbsp;&nbsp;&nbsp;&nbsp; 3749348 |
| &nbsp;&nbsp;&nbsp; Coforge Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 95362 | &nbsp;&nbsp;&nbsp;&nbsp; 1889585 |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 51855 | &nbsp;&nbsp;&nbsp;&nbsp; 1325899 |
| &nbsp;&nbsp;&nbsp; Computer Age Management Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 29524 | &nbsp;&nbsp;&nbsp;&nbsp; 1250919 |
| &nbsp;&nbsp;&nbsp; CRISIL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15908 | &nbsp;&nbsp;&nbsp;&nbsp; 961321 |
| &nbsp;&nbsp;&nbsp; Crompton Greaves Consumer Electricals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 406857 | &nbsp;&nbsp;&nbsp;&nbsp; 1493274 |
| &nbsp;&nbsp;&nbsp; Delhivery Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 316445 | &nbsp;&nbsp;&nbsp;&nbsp; 1529788 |
| &nbsp;&nbsp;&nbsp; Dr Lal PathLabs Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 7644 | &nbsp;&nbsp;&nbsp;&nbsp; 273570 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 254526 | &nbsp;&nbsp;&nbsp;&nbsp; 3672226 |
| &nbsp;&nbsp;&nbsp; Eicher Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 15395 | &nbsp;&nbsp;&nbsp;&nbsp; 957919 |
| &nbsp;&nbsp;&nbsp; Embassy Office Parks, REIT | &nbsp;&nbsp;&nbsp;&nbsp; 182694 | &nbsp;&nbsp;&nbsp;&nbsp; 823718 |
| &nbsp;&nbsp;&nbsp; GAIL India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 230878 | &nbsp;&nbsp;&nbsp;&nbsp; 465083 |
| &nbsp;&nbsp;&nbsp; Godrej Consumer Products Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 19366 | &nbsp;&nbsp;&nbsp;&nbsp; 277479 |
| &nbsp;&nbsp;&nbsp; Havells India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 93240 | &nbsp;&nbsp;&nbsp;&nbsp; 1592514 |
| &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 87275 | &nbsp;&nbsp;&nbsp;&nbsp; 1454884 |
| &nbsp;&nbsp;&nbsp; HDFC Asset Management Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 19582 | &nbsp;&nbsp;&nbsp;&nbsp; 1258483 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp; 185118 | &nbsp;&nbsp;&nbsp;&nbsp; 14211509 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 503047 | &nbsp;&nbsp;&nbsp;&nbsp; 11544079 |
| &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 329008 | &nbsp;&nbsp;&nbsp;&nbsp; 2826900 |
| &nbsp;&nbsp;&nbsp; Hexaware Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 121616 | &nbsp;&nbsp;&nbsp;&nbsp; 972619 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 36796 | &nbsp;&nbsp;&nbsp;&nbsp; 284861 |
| &nbsp;&nbsp;&nbsp; Hindustan Aeronautics Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 7067 | &nbsp;&nbsp;&nbsp;&nbsp; 363711 |
| &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 92254 | &nbsp;&nbsp;&nbsp;&nbsp; 2649498 |
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 767481 | &nbsp;&nbsp;&nbsp;&nbsp; 12923850 |
| &nbsp;&nbsp;&nbsp; ICICI Lombard General Insurance Co. Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 21490 | &nbsp;&nbsp;&nbsp;&nbsp; 471607 |
| &nbsp;&nbsp;&nbsp; Indian Energy Exchange Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 152291 | &nbsp;&nbsp;&nbsp;&nbsp; 233913 |
| &nbsp;&nbsp;&nbsp; Indian Hotels Co. Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 38014 | &nbsp;&nbsp;&nbsp;&nbsp; 319738 |
| &nbsp;&nbsp;&nbsp; Info Edge India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 154011 | &nbsp;&nbsp;&nbsp;&nbsp; 2431994 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 544563 | &nbsp;&nbsp;&nbsp;&nbsp; 9261355 |
| &nbsp;&nbsp;&nbsp; InterGlobe Aviation Ltd. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 10912 | &nbsp;&nbsp;&nbsp;&nbsp; 732287 |
| &nbsp;&nbsp;&nbsp; ITC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 435198 | &nbsp;&nbsp;&nbsp;&nbsp; 2040946 |
| &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 266774 | &nbsp;&nbsp;&nbsp;&nbsp; 6010511 |
| &nbsp;&nbsp;&nbsp; Mahanagar Gas Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 22954 | &nbsp;&nbsp;&nbsp;&nbsp; 353535 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 183070 | &nbsp;&nbsp;&nbsp;&nbsp; 6668985 |
| &nbsp;&nbsp;&nbsp; MakeMyTrip Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19840 | &nbsp;&nbsp;&nbsp;&nbsp; 1856826 |
| &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5749 | &nbsp;&nbsp;&nbsp;&nbsp; 824631 |
| &nbsp;&nbsp;&nbsp; Max Financial Services Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 86758 | &nbsp;&nbsp;&nbsp;&nbsp; 1481225 |
| &nbsp;&nbsp;&nbsp; Max Healthcare Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 68520 | &nbsp;&nbsp;&nbsp;&nbsp; 972133 |
| &nbsp;&nbsp;&nbsp; Multi Commodity Exchange of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 20120 | &nbsp;&nbsp;&nbsp;&nbsp; 1755824 |
| &nbsp;&nbsp;&nbsp; Muthoot Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14209 | &nbsp;&nbsp;&nbsp;&nbsp; 422573 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 180031 | &nbsp;&nbsp;&nbsp;&nbsp; 683275 |
| &nbsp;&nbsp;&nbsp; Nuvama Wealth Management Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3973 | &nbsp;&nbsp;&nbsp;&nbsp; 327362 |
| &nbsp;&nbsp;&nbsp; PB Fintech Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 111070 | &nbsp;&nbsp;&nbsp;&nbsp; 2279268 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 269862 | &nbsp;&nbsp;&nbsp;&nbsp; 892101 |
| &nbsp;&nbsp;&nbsp; REC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 84309 | &nbsp;&nbsp;&nbsp;&nbsp; 377900 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 479053 | &nbsp;&nbsp;&nbsp;&nbsp; 7565443 |
| &nbsp;&nbsp;&nbsp; Shriram Finance Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 691612 | &nbsp;&nbsp;&nbsp;&nbsp; 4953390 |
| &nbsp;&nbsp;&nbsp; State Bank of India | &nbsp;&nbsp;&nbsp;&nbsp; 82369 | &nbsp;&nbsp;&nbsp;&nbsp; 746299 |
| &nbsp;&nbsp;&nbsp; Supreme Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13839 | &nbsp;&nbsp;&nbsp;&nbsp; 676489 |
| &nbsp;&nbsp;&nbsp; Syngene International Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 153890 | &nbsp;&nbsp;&nbsp;&nbsp; 1249524 |
| &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 195206 | &nbsp;&nbsp;&nbsp;&nbsp; 6731962 |
| &nbsp;&nbsp;&nbsp; Tata Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 567319 | &nbsp;&nbsp;&nbsp;&nbsp; 4288177 |
| &nbsp;&nbsp;&nbsp; Tata Steel Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1257312 | &nbsp;&nbsp;&nbsp;&nbsp; 2257919 |
| &nbsp;&nbsp;&nbsp; Tech Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 44418 | &nbsp;&nbsp;&nbsp;&nbsp; 736897 |
| &nbsp;&nbsp;&nbsp; Triveni Turbine Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 81082 | &nbsp;&nbsp;&nbsp;&nbsp; 551076 |
| &nbsp;&nbsp;&nbsp; Tube Investments of India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 47056 | &nbsp;&nbsp;&nbsp;&nbsp; 1519164 |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 30851 | &nbsp;&nbsp;&nbsp;&nbsp; 4295506 |
| &nbsp;&nbsp;&nbsp; United Breweries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21987 | &nbsp;&nbsp;&nbsp;&nbsp; 486591 |
| &nbsp;&nbsp;&nbsp; United Spirits Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 82315 | &nbsp;&nbsp;&nbsp;&nbsp; 1256754 |
| &nbsp;&nbsp;&nbsp; Vishal Mega Mart Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 475972 | &nbsp;&nbsp;&nbsp;&nbsp; 755355 |
| &nbsp;&nbsp;&nbsp; Wipro Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 109293 | &nbsp;&nbsp;&nbsp;&nbsp; 307437 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 172559394 |
| **Indonesia — 1.6%** | **Indonesia — 1.6%** | **Indonesia — 1.6%** |
| &nbsp;&nbsp;&nbsp; Astra International Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1596500 | &nbsp;&nbsp;&nbsp;&nbsp; 493511 |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 15427700 | &nbsp;&nbsp;&nbsp;&nbsp; 7732295 |
| &nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 11296600 | &nbsp;&nbsp;&nbsp;&nbsp; 3075284 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 1568500 | &nbsp;&nbsp;&nbsp;&nbsp; 380375 |
| &nbsp;&nbsp;&nbsp; Bank Rakyat Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 20510670 | &nbsp;&nbsp;&nbsp;&nbsp; 4592968 |
| &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 544900 | &nbsp;&nbsp;&nbsp;&nbsp; 281362 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp;&nbsp;&nbsp; 11794200 | &nbsp;&nbsp;&nbsp;&nbsp; 2071002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18626797 |
| **Kazakhstan — 0.2%** | **Kazakhstan — 0.2%** | **Kazakhstan — 0.2%** |
| &nbsp;&nbsp;&nbsp; Kaspi.KZ JSC, ADR | &nbsp;&nbsp;&nbsp;&nbsp; 20698 | &nbsp;&nbsp;&nbsp;&nbsp; 1633072 |
| &nbsp;&nbsp;&nbsp; NAC Kazatomprom JSC, GDR (a) | &nbsp;&nbsp;&nbsp;&nbsp; 24207 | &nbsp;&nbsp;&nbsp;&nbsp; 996216 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2629288 |
| **Macau — 0.1%** | **Macau — 0.1%** | **Macau — 0.1%** |
| &nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 74000 | &nbsp;&nbsp;&nbsp;&nbsp; 360873 |
| &nbsp;&nbsp;&nbsp; MGM China Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 213600 | &nbsp;&nbsp;&nbsp;&nbsp; 450962 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 811835 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Malaysia — 0.4%** | **Malaysia — 0.4%** | **Malaysia — 0.4%** |
| &nbsp;&nbsp;&nbsp; AMMB Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 247800 | &nbsp;&nbsp;&nbsp;&nbsp; 292797 |
| &nbsp;&nbsp;&nbsp; CIMB Group Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 954000 | &nbsp;&nbsp;&nbsp;&nbsp; 1458301 |
| &nbsp;&nbsp;&nbsp; Gamuda Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 337500 | &nbsp;&nbsp;&nbsp;&nbsp; 407361 |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 217700 | &nbsp;&nbsp;&nbsp;&nbsp; 478814 |
| &nbsp;&nbsp;&nbsp; Press Metal Aluminium Holdings Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 290300 | &nbsp;&nbsp;&nbsp;&nbsp; 362558 |
| &nbsp;&nbsp;&nbsp; Public Bank Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 818400 | &nbsp;&nbsp;&nbsp;&nbsp; 806016 |
| &nbsp;&nbsp;&nbsp; Sunway Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 416100 | &nbsp;&nbsp;&nbsp;&nbsp; 459838 |
| &nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. | &nbsp;&nbsp;&nbsp;&nbsp; 192800 | &nbsp;&nbsp;&nbsp;&nbsp; 587259 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4852944 |
| **Mexico — 2.6%** | **Mexico — 2.6%** | **Mexico — 2.6%** |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 89963 | &nbsp;&nbsp;&nbsp;&nbsp; 937923 |
| &nbsp;&nbsp;&nbsp; BBB Foods, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 24381 | &nbsp;&nbsp;&nbsp;&nbsp; 622203 |
| &nbsp;&nbsp;&nbsp; Bolsa Mexicana de Valores SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 229864 | &nbsp;&nbsp;&nbsp;&nbsp; 491896 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 2200671 | &nbsp;&nbsp;&nbsp;&nbsp; 1920119 |
| &nbsp;&nbsp;&nbsp; Corp. Inmobiliaria Vesta SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 222610 | &nbsp;&nbsp;&nbsp;&nbsp; 627414 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 155322 | &nbsp;&nbsp;&nbsp;&nbsp; 1404196 |
| &nbsp;&nbsp;&nbsp; Gentera SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 554780 | &nbsp;&nbsp;&nbsp;&nbsp; 1258070 |
| &nbsp;&nbsp;&nbsp; Gruma SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 20323 | &nbsp;&nbsp;&nbsp;&nbsp; 350086 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV, Class B (b) | &nbsp;&nbsp;&nbsp;&nbsp; 37484 | &nbsp;&nbsp;&nbsp;&nbsp; 862817 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp; 68532 | &nbsp;&nbsp;&nbsp;&nbsp; 2077975 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp;&nbsp;&nbsp; 1073885 | &nbsp;&nbsp;&nbsp;&nbsp; 9563924 |
| &nbsp;&nbsp;&nbsp; Grupo Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 306743 | &nbsp;&nbsp;&nbsp;&nbsp; 1913628 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico SAB de CV, Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp; 548578 | &nbsp;&nbsp;&nbsp;&nbsp; 1027075 |
| &nbsp;&nbsp;&nbsp; Regional SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 110124 | &nbsp;&nbsp;&nbsp;&nbsp; 851454 |
| &nbsp;&nbsp;&nbsp; Southern Copper Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3078 | &nbsp;&nbsp;&nbsp;&nbsp; 289824 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp; 2143562 | &nbsp;&nbsp;&nbsp;&nbsp; 6317628 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 30516232 |
| **Panama — 0.2%** | **Panama — 0.2%** | **Panama — 0.2%** |
| &nbsp;&nbsp;&nbsp; Copa Holdings SA, Class A | &nbsp;&nbsp;&nbsp;&nbsp; 16435 | &nbsp;&nbsp;&nbsp;&nbsp; 1818697 |
| **Peru — 0.5%** | **Peru — 0.5%** | **Peru — 0.5%** |
| &nbsp;&nbsp;&nbsp; Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 21118 | &nbsp;&nbsp;&nbsp;&nbsp; 5004966 |
| &nbsp;&nbsp;&nbsp; Intercorp Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7265 | &nbsp;&nbsp;&nbsp;&nbsp; 261976 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5266942 |
| **Philippines — 0.2%** | **Philippines — 0.2%** | **Philippines — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ayala Land, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 857300 | &nbsp;&nbsp;&nbsp;&nbsp; 366286 |
| &nbsp;&nbsp;&nbsp; Bank of the Philippine Islands | &nbsp;&nbsp;&nbsp;&nbsp; 372770 | &nbsp;&nbsp;&nbsp;&nbsp; 755349 |
| &nbsp;&nbsp;&nbsp; BDO Unibank, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 265874 | &nbsp;&nbsp;&nbsp;&nbsp; 649032 |
| &nbsp;&nbsp;&nbsp; International Container Terminal Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 105060 | &nbsp;&nbsp;&nbsp;&nbsp; 806694 |
| &nbsp;&nbsp;&nbsp; Universal Robina Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 203560 | &nbsp;&nbsp;&nbsp;&nbsp; 308308 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2885669 |
| **Poland — 0.9%** | **Poland — 0.9%** | **Poland — 0.9%** |
| &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki SA | &nbsp;&nbsp;&nbsp;&nbsp; 29762 | &nbsp;&nbsp;&nbsp;&nbsp; 1616178 |
| &nbsp;&nbsp;&nbsp; Benefit Systems SA | &nbsp;&nbsp;&nbsp;&nbsp; 1020 | &nbsp;&nbsp;&nbsp;&nbsp; 923920 |
| &nbsp;&nbsp;&nbsp; Budimex SA | &nbsp;&nbsp;&nbsp;&nbsp; 3446 | &nbsp;&nbsp;&nbsp;&nbsp; 515715 |
| &nbsp;&nbsp;&nbsp; CCC SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 9582 | &nbsp;&nbsp;&nbsp;&nbsp; 492332 |
| &nbsp;&nbsp;&nbsp; Dino Polska SA \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 102520 | &nbsp;&nbsp;&nbsp;&nbsp; 1352049 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Poland — continued** | **Poland — continued** | **Poland — continued** |
| &nbsp;&nbsp;&nbsp; KRUK SA | &nbsp;&nbsp;&nbsp;&nbsp; 3635 | &nbsp;&nbsp;&nbsp;&nbsp; 398255 |
| &nbsp;&nbsp;&nbsp; LPP SA | &nbsp;&nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 750590 |
| &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp;&nbsp;&nbsp; 83005 | &nbsp;&nbsp;&nbsp;&nbsp; 1817519 |
| &nbsp;&nbsp;&nbsp; Powszechny Zaklad Ubezpieczen SA | &nbsp;&nbsp;&nbsp;&nbsp; 157600 | &nbsp;&nbsp;&nbsp;&nbsp; 2641531 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10508089 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp; 86240 | &nbsp;&nbsp;&nbsp;&nbsp; 2102331 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| &nbsp;&nbsp;&nbsp; Qatar Gas Transport Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 581596 | &nbsp;&nbsp;&nbsp;&nbsp; 768327 |
| &nbsp;&nbsp;&nbsp; Qatar National Bank QPSC | &nbsp;&nbsp;&nbsp;&nbsp; 380802 | &nbsp;&nbsp;&nbsp;&nbsp; 1959085 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2727412 |
| **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; 1 |
| &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; 33691 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; X5 Retail Group NV, GDR ‡ \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| **Saudi Arabia — 1.8%** | **Saudi Arabia — 1.8%** | **Saudi Arabia — 1.8%** |
| &nbsp;&nbsp;&nbsp; Ades Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp; 96958 | &nbsp;&nbsp;&nbsp;&nbsp; 325233 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank | &nbsp;&nbsp;&nbsp;&nbsp; 231683 | &nbsp;&nbsp;&nbsp;&nbsp; 5841671 |
| &nbsp;&nbsp;&nbsp; Aldrees Petroleum and Transport Services Co. | &nbsp;&nbsp;&nbsp;&nbsp; 18436 | &nbsp;&nbsp;&nbsp;&nbsp; 585591 |
| &nbsp;&nbsp;&nbsp; Arab National Bank | &nbsp;&nbsp;&nbsp;&nbsp; 78278 | &nbsp;&nbsp;&nbsp;&nbsp; 452826 |
| &nbsp;&nbsp;&nbsp; Arabian Centres Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 60744 | &nbsp;&nbsp;&nbsp;&nbsp; 335748 |
| &nbsp;&nbsp;&nbsp; Bupa Arabia for Cooperative Insurance Co. | &nbsp;&nbsp;&nbsp;&nbsp; 9432 | &nbsp;&nbsp;&nbsp;&nbsp; 423938 |
| &nbsp;&nbsp;&nbsp; Co. for Cooperative Insurance (The) | &nbsp;&nbsp;&nbsp;&nbsp; 11588 | &nbsp;&nbsp;&nbsp;&nbsp; 414445 |
| &nbsp;&nbsp;&nbsp; Elm Co. | &nbsp;&nbsp;&nbsp;&nbsp; 4708 | &nbsp;&nbsp;&nbsp;&nbsp; 1140638 |
| &nbsp;&nbsp;&nbsp; Leejam Sports Co. JSC | &nbsp;&nbsp;&nbsp;&nbsp; 14983 | &nbsp;&nbsp;&nbsp;&nbsp; 566138 |
| &nbsp;&nbsp;&nbsp; Riyad Bank | &nbsp;&nbsp;&nbsp;&nbsp; 110558 | &nbsp;&nbsp;&nbsp;&nbsp; 829573 |
| &nbsp;&nbsp;&nbsp; Riyadh Cables Group Co. | &nbsp;&nbsp;&nbsp;&nbsp; 15784 | &nbsp;&nbsp;&nbsp;&nbsp; 550570 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 449926 | &nbsp;&nbsp;&nbsp;&nbsp; 2911315 |
| &nbsp;&nbsp;&nbsp; Saudi Aramco Base Oil Co. | &nbsp;&nbsp;&nbsp;&nbsp; 19210 | &nbsp;&nbsp;&nbsp;&nbsp; 533054 |
| &nbsp;&nbsp;&nbsp; Saudi Awwal Bank | &nbsp;&nbsp;&nbsp;&nbsp; 74335 | &nbsp;&nbsp;&nbsp;&nbsp; 640762 |
| &nbsp;&nbsp;&nbsp; Saudi Ground Services Co. | &nbsp;&nbsp;&nbsp;&nbsp; 52280 | &nbsp;&nbsp;&nbsp;&nbsp; 678105 |
| &nbsp;&nbsp;&nbsp; Saudi National Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp; 352680 | &nbsp;&nbsp;&nbsp;&nbsp; 3519426 |
| &nbsp;&nbsp;&nbsp; United Electronics Co. | &nbsp;&nbsp;&nbsp;&nbsp; 17950 | &nbsp;&nbsp;&nbsp;&nbsp; 429477 |
| &nbsp;&nbsp;&nbsp; United International Transportation Co. | &nbsp;&nbsp;&nbsp;&nbsp; 50016 | &nbsp;&nbsp;&nbsp;&nbsp; 932184 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21110694 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Singapore — 0.2%** | **Singapore — 0.2%** | **Singapore — 0.2%** |
| &nbsp;&nbsp;&nbsp; Grab Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 79426 | &nbsp;&nbsp;&nbsp;&nbsp; 388393 |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp; 12154 | &nbsp;&nbsp;&nbsp;&nbsp; 1903924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2292317 |
| **South Africa — 2.0%** | **South Africa — 2.0%** | **South Africa — 2.0%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 163172 | &nbsp;&nbsp;&nbsp;&nbsp; 1610644 |
| &nbsp;&nbsp;&nbsp; AVI Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 78829 | &nbsp;&nbsp;&nbsp;&nbsp; 406343 |
| &nbsp;&nbsp;&nbsp; Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 58879 | &nbsp;&nbsp;&nbsp;&nbsp; 1480359 |
| &nbsp;&nbsp;&nbsp; Bidvest Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 81730 | &nbsp;&nbsp;&nbsp;&nbsp; 1063209 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 22444 | &nbsp;&nbsp;&nbsp;&nbsp; 4350735 |
| &nbsp;&nbsp;&nbsp; Clicks Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 38216 | &nbsp;&nbsp;&nbsp;&nbsp; 801212 |
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 497722 | &nbsp;&nbsp;&nbsp;&nbsp; 2113607 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 103189 | &nbsp;&nbsp;&nbsp;&nbsp; 2516463 |
| &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 83361 | &nbsp;&nbsp;&nbsp;&nbsp; 1116156 |
| &nbsp;&nbsp;&nbsp; Naspers Ltd., Class N | &nbsp;&nbsp;&nbsp;&nbsp; 4301 | &nbsp;&nbsp;&nbsp;&nbsp; 1327642 |
| &nbsp;&nbsp;&nbsp; Sasol Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 329529 | &nbsp;&nbsp;&nbsp;&nbsp; 1695129 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 105635 | &nbsp;&nbsp;&nbsp;&nbsp; 1539677 |
| &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 164716 | &nbsp;&nbsp;&nbsp;&nbsp; 2119479 |
| &nbsp;&nbsp;&nbsp; Vodacom Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 109574 | &nbsp;&nbsp;&nbsp;&nbsp; 836591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22977246 |
| **South Korea — 11.9%** | **South Korea — 11.9%** | **South Korea — 11.9%** |
| &nbsp;&nbsp;&nbsp; BGF retail Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12055 | &nbsp;&nbsp;&nbsp;&nbsp; 976496 |
| &nbsp;&nbsp;&nbsp; BNK Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 63742 | &nbsp;&nbsp;&nbsp;&nbsp; 667569 |
| &nbsp;&nbsp;&nbsp; CJ CheilJedang Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3668 | &nbsp;&nbsp;&nbsp;&nbsp; 660480 |
| &nbsp;&nbsp;&nbsp; Coupang, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23013 | &nbsp;&nbsp;&nbsp;&nbsp; 677273 |
| &nbsp;&nbsp;&nbsp; Coway Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5292 | &nbsp;&nbsp;&nbsp;&nbsp; 412753 |
| &nbsp;&nbsp;&nbsp; DB Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5276 | &nbsp;&nbsp;&nbsp;&nbsp; 484941 |
| &nbsp;&nbsp;&nbsp; Eugene Technology Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 26423 | &nbsp;&nbsp;&nbsp;&nbsp; 841317 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 70126 | &nbsp;&nbsp;&nbsp;&nbsp; 4287441 |
| &nbsp;&nbsp;&nbsp; Hanmi Pharm Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1889 | &nbsp;&nbsp;&nbsp;&nbsp; 378078 |
| &nbsp;&nbsp;&nbsp; Hansol Chemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2703 | &nbsp;&nbsp;&nbsp;&nbsp; 350692 |
| &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 5566 | &nbsp;&nbsp;&nbsp;&nbsp; 3971076 |
| &nbsp;&nbsp;&nbsp; Hanwha Ocean Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 8210 | &nbsp;&nbsp;&nbsp;&nbsp; 659987 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4014 | &nbsp;&nbsp;&nbsp;&nbsp; 1428430 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Marine Solution Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9730 | &nbsp;&nbsp;&nbsp;&nbsp; 1423147 |
| &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3211 | &nbsp;&nbsp;&nbsp;&nbsp; 825170 |
| &nbsp;&nbsp;&nbsp; HDC Hyundai Development Co-Engineering & Construction, Class E | &nbsp;&nbsp;&nbsp;&nbsp; 28290 | &nbsp;&nbsp;&nbsp;&nbsp; 477251 |
| &nbsp;&nbsp;&nbsp; HL Mando Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9275 | &nbsp;&nbsp;&nbsp;&nbsp; 230539 |
| &nbsp;&nbsp;&nbsp; HMM Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 24417 | &nbsp;&nbsp;&nbsp;&nbsp; 410518 |
| &nbsp;&nbsp;&nbsp; Hugel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5815 | &nbsp;&nbsp;&nbsp;&nbsp; 1403618 |
| &nbsp;&nbsp;&nbsp; Hyundai Engineering & Construction Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 9009 | &nbsp;&nbsp;&nbsp;&nbsp; 435998 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 13221 | &nbsp;&nbsp;&nbsp;&nbsp; 1396576 |
| &nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 8183 | &nbsp;&nbsp;&nbsp;&nbsp; 1726775 |
| &nbsp;&nbsp;&nbsp; Hyundai Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp; 13435 | &nbsp;&nbsp;&nbsp;&nbsp; 2043832 |
| &nbsp;&nbsp;&nbsp; Hyundai Steel Co. | &nbsp;&nbsp;&nbsp;&nbsp; 20911 | &nbsp;&nbsp;&nbsp;&nbsp; 532222 |
| &nbsp;&nbsp;&nbsp; JB Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 34636 | &nbsp;&nbsp;&nbsp;&nbsp; 574858 |
| &nbsp;&nbsp;&nbsp; JYP Entertainment Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 3809 | &nbsp;&nbsp;&nbsp;&nbsp; 198448 |
| &nbsp;&nbsp;&nbsp; Kangwon Land, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 23829 | &nbsp;&nbsp;&nbsp;&nbsp; 319862 |

---

------

**JPMorgan ActiveBuilders Emerging 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; KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31433 | &nbsp;&nbsp;&nbsp;&nbsp; 2497296 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 97490 | &nbsp;&nbsp;&nbsp;&nbsp; 7133420 |
| &nbsp;&nbsp;&nbsp; KIWOOM Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4435 | &nbsp;&nbsp;&nbsp;&nbsp; 683896 |
| &nbsp;&nbsp;&nbsp; Kolmar Korea Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 5333 | &nbsp;&nbsp;&nbsp;&nbsp; 372230 |
| &nbsp;&nbsp;&nbsp; Korea Aerospace Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 28127 | &nbsp;&nbsp;&nbsp;&nbsp; 1904767 |
| &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 49749 | &nbsp;&nbsp;&nbsp;&nbsp; 1374160 |
| &nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 17469 | &nbsp;&nbsp;&nbsp;&nbsp; 1788371 |
| &nbsp;&nbsp;&nbsp; Korean Air Lines Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 35088 | &nbsp;&nbsp;&nbsp;&nbsp; 594053 |
| &nbsp;&nbsp;&nbsp; Krafton, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1519 | &nbsp;&nbsp;&nbsp;&nbsp; 357657 |
| &nbsp;&nbsp;&nbsp; KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 20610 | &nbsp;&nbsp;&nbsp;&nbsp; 817803 |
| &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4713 | &nbsp;&nbsp;&nbsp;&nbsp; 412558 |
| &nbsp;&nbsp;&nbsp; LG Chem Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14851 | &nbsp;&nbsp;&nbsp;&nbsp; 3193039 |
| &nbsp;&nbsp;&nbsp; LigaChem Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6017 | &nbsp;&nbsp;&nbsp;&nbsp; 575780 |
| &nbsp;&nbsp;&nbsp; NAVER Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 14552 | &nbsp;&nbsp;&nbsp;&nbsp; 2449031 |
| &nbsp;&nbsp;&nbsp; Park Systems Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1953 | &nbsp;&nbsp;&nbsp;&nbsp; 385526 |
| &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2193 | &nbsp;&nbsp;&nbsp;&nbsp; 482261 |
| &nbsp;&nbsp;&nbsp; Samsung Biologics Co. Ltd. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2982 | &nbsp;&nbsp;&nbsp;&nbsp; 2278331 |
| &nbsp;&nbsp;&nbsp; Samsung C&T Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18623 | &nbsp;&nbsp;&nbsp;&nbsp; 2246770 |
| &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 16368 | &nbsp;&nbsp;&nbsp;&nbsp; 1739056 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 801867 | &nbsp;&nbsp;&nbsp;&nbsp; 40866329 |
| &nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12446 | &nbsp;&nbsp;&nbsp;&nbsp; 3929073 |
| &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 100997 | &nbsp;&nbsp;&nbsp;&nbsp; 1378551 |
| &nbsp;&nbsp;&nbsp; Samsung Life Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 4702 | &nbsp;&nbsp;&nbsp;&nbsp; 424424 |
| &nbsp;&nbsp;&nbsp; Samsung SDI Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7153 | &nbsp;&nbsp;&nbsp;&nbsp; 1026428 |
| &nbsp;&nbsp;&nbsp; Samsung Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 7015 | &nbsp;&nbsp;&nbsp;&nbsp; 355622 |
| &nbsp;&nbsp;&nbsp; SHIFT UP Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 7830 | &nbsp;&nbsp;&nbsp;&nbsp; 234269 |
| &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 109723 | &nbsp;&nbsp;&nbsp;&nbsp; 5342842 |
| &nbsp;&nbsp;&nbsp; SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 101123 | &nbsp;&nbsp;&nbsp;&nbsp; 19599252 |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 28438 | &nbsp;&nbsp;&nbsp;&nbsp; 1148653 |
| &nbsp;&nbsp;&nbsp; SK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12536 | &nbsp;&nbsp;&nbsp;&nbsp; 1819375 |
| &nbsp;&nbsp;&nbsp; SM Entertainment Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 12707 | &nbsp;&nbsp;&nbsp;&nbsp; 1213592 |
| &nbsp;&nbsp;&nbsp; S-Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 32965 | &nbsp;&nbsp;&nbsp;&nbsp; 1486954 |
| &nbsp;&nbsp;&nbsp; SOOP Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 10115 | &nbsp;&nbsp;&nbsp;&nbsp; 574857 |
| &nbsp;&nbsp;&nbsp; Soulbrain Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1816 | &nbsp;&nbsp;&nbsp;&nbsp; 307965 |
| &nbsp;&nbsp;&nbsp; Sung Kwang Bend Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14743 | &nbsp;&nbsp;&nbsp;&nbsp; 337675 |
| &nbsp;&nbsp;&nbsp; VT Co. Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 9122 | &nbsp;&nbsp;&nbsp;&nbsp; 235512 |
| &nbsp;&nbsp;&nbsp; YC Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41786 | &nbsp;&nbsp;&nbsp;&nbsp; 332070 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 139694795 |
| **Spain — 0.7%** | **Spain — 0.7%** | **Spain — 0.7%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;&nbsp;&nbsp; 456029 | &nbsp;&nbsp;&nbsp;&nbsp; 7605774 |
| **Taiwan — 20.8%** | **Taiwan — 20.8%** | **Taiwan — 20.8%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 151113 | &nbsp;&nbsp;&nbsp;&nbsp; 4463003 |
| &nbsp;&nbsp;&nbsp; All Ring Tech Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 64000 | &nbsp;&nbsp;&nbsp;&nbsp; 798399 |
| &nbsp;&nbsp;&nbsp; Arcadyan Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 44000 | &nbsp;&nbsp;&nbsp;&nbsp; 325157 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1724258 | &nbsp;&nbsp;&nbsp;&nbsp; 8361599 |
| &nbsp;&nbsp;&nbsp; Asia Vital Components Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 60908 | &nbsp;&nbsp;&nbsp;&nbsp; 1851254 |
| &nbsp;&nbsp;&nbsp; ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8040 | &nbsp;&nbsp;&nbsp;&nbsp; 1217584 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Taiwan — continued** | **Taiwan — continued** | **Taiwan — continued** |
| &nbsp;&nbsp;&nbsp; Asustek Computer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 109269 | &nbsp;&nbsp;&nbsp;&nbsp; 2398610 |
| &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1062124 | &nbsp;&nbsp;&nbsp;&nbsp; 2152753 |
| &nbsp;&nbsp;&nbsp; Chailease Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 193465 | &nbsp;&nbsp;&nbsp;&nbsp; 746901 |
| &nbsp;&nbsp;&nbsp; China Airlines Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 462092 | &nbsp;&nbsp;&nbsp;&nbsp; 316643 |
| &nbsp;&nbsp;&nbsp; China Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 2462276 | &nbsp;&nbsp;&nbsp;&nbsp; 1599008 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2942831 | &nbsp;&nbsp;&nbsp;&nbsp; 4043736 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 537357 | &nbsp;&nbsp;&nbsp;&nbsp; 10122790 |
| &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3263505 | &nbsp;&nbsp;&nbsp;&nbsp; 3490300 |
| &nbsp;&nbsp;&nbsp; Eclat Textile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 58219 | &nbsp;&nbsp;&nbsp;&nbsp; 778757 |
| &nbsp;&nbsp;&nbsp; Elite Material Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 97265 | &nbsp;&nbsp;&nbsp;&nbsp; 3565408 |
| &nbsp;&nbsp;&nbsp; eMemory Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18350 | &nbsp;&nbsp;&nbsp;&nbsp; 1242195 |
| &nbsp;&nbsp;&nbsp; Ennoconn Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp; 274491 |
| &nbsp;&nbsp;&nbsp; Eva Airways Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 244650 | &nbsp;&nbsp;&nbsp;&nbsp; 308479 |
| &nbsp;&nbsp;&nbsp; Formosa Petrochemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 417534 | &nbsp;&nbsp;&nbsp;&nbsp; 610108 |
| &nbsp;&nbsp;&nbsp; Fortune Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 69400 | &nbsp;&nbsp;&nbsp;&nbsp; 1527425 |
| &nbsp;&nbsp;&nbsp; Giant Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 147000 | &nbsp;&nbsp;&nbsp;&nbsp; 563035 |
| &nbsp;&nbsp;&nbsp; Gudeng Precision Industrial Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 35784 | &nbsp;&nbsp;&nbsp;&nbsp; 359316 |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 482968 | &nbsp;&nbsp;&nbsp;&nbsp; 2840086 |
| &nbsp;&nbsp;&nbsp; Jentech Precision Industrial Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 14519 | &nbsp;&nbsp;&nbsp;&nbsp; 690779 |
| &nbsp;&nbsp;&nbsp; KGI Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3518615 | &nbsp;&nbsp;&nbsp;&nbsp; 1782374 |
| &nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 37519 | &nbsp;&nbsp;&nbsp;&nbsp; 2942733 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 208816 | &nbsp;&nbsp;&nbsp;&nbsp; 9456143 |
| &nbsp;&nbsp;&nbsp; Mega Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1439000 | &nbsp;&nbsp;&nbsp;&nbsp; 2046972 |
| &nbsp;&nbsp;&nbsp; MPI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 46000 | &nbsp;&nbsp;&nbsp;&nbsp; 1598797 |
| &nbsp;&nbsp;&nbsp; Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 82512 | &nbsp;&nbsp;&nbsp;&nbsp; 1177835 |
| &nbsp;&nbsp;&nbsp; Novatek Microelectronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 29000 | &nbsp;&nbsp;&nbsp;&nbsp; 458307 |
| &nbsp;&nbsp;&nbsp; Nuvoton Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 171092 | &nbsp;&nbsp;&nbsp;&nbsp; 390704 |
| &nbsp;&nbsp;&nbsp; Pixart Imaging, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp; 291734 |
| &nbsp;&nbsp;&nbsp; Powertech Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65767 | &nbsp;&nbsp;&nbsp;&nbsp; 274704 |
| &nbsp;&nbsp;&nbsp; Poya International Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 69720 | &nbsp;&nbsp;&nbsp;&nbsp; 1078945 |
| &nbsp;&nbsp;&nbsp; President Chain Store Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 197035 | &nbsp;&nbsp;&nbsp;&nbsp; 1688489 |
| &nbsp;&nbsp;&nbsp; Quanta Computer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 990248 | &nbsp;&nbsp;&nbsp;&nbsp; 9223330 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 362078 | &nbsp;&nbsp;&nbsp;&nbsp; 6923248 |
| &nbsp;&nbsp;&nbsp; Taiwan Mobile Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 428081 | &nbsp;&nbsp;&nbsp;&nbsp; 1509114 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 3494820 | &nbsp;&nbsp;&nbsp;&nbsp; 134548080 |
| &nbsp;&nbsp;&nbsp; Tripod Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 372293 |
| &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 830035 | &nbsp;&nbsp;&nbsp;&nbsp; 2190681 |
| &nbsp;&nbsp;&nbsp; Vanguard International Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 323060 | &nbsp;&nbsp;&nbsp;&nbsp; 1001200 |
| &nbsp;&nbsp;&nbsp; Wistron Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 364074 | &nbsp;&nbsp;&nbsp;&nbsp; 1481731 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 77343 | &nbsp;&nbsp;&nbsp;&nbsp; 7058832 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 1926507 | &nbsp;&nbsp;&nbsp;&nbsp; 1998332 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 244142394 |
| **Thailand — 0.6%** | **Thailand — 0.6%** | **Thailand — 0.6%** |
| &nbsp;&nbsp;&nbsp; Advanced Info Service PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 61600 | &nbsp;&nbsp;&nbsp;&nbsp; 547301 |
| &nbsp;&nbsp;&nbsp; Bangkok Dusit Medical Services PCL, Class F | &nbsp;&nbsp;&nbsp;&nbsp; 759600 | &nbsp;&nbsp;&nbsp;&nbsp; 493136 |
| &nbsp;&nbsp;&nbsp; Central Pattana PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 273900 | &nbsp;&nbsp;&nbsp;&nbsp; 436548 |
| &nbsp;&nbsp;&nbsp; CP ALL PCL | &nbsp;&nbsp;&nbsp;&nbsp; 368800 | &nbsp;&nbsp;&nbsp;&nbsp; 533225 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Thailand — continued** | **Thailand — continued** | **Thailand — continued** |
| &nbsp;&nbsp;&nbsp; Gulf Development PCL, NVDR \* | &nbsp;&nbsp;&nbsp;&nbsp; 420800 | &nbsp;&nbsp;&nbsp;&nbsp; 604958 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 59400 | &nbsp;&nbsp;&nbsp;&nbsp; 293723 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 1283900 | &nbsp;&nbsp;&nbsp;&nbsp; 863220 |
| &nbsp;&nbsp;&nbsp; Minor International PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp; 288900 | &nbsp;&nbsp;&nbsp;&nbsp; 219713 |
| &nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL | &nbsp;&nbsp;&nbsp;&nbsp; 212400 | &nbsp;&nbsp;&nbsp;&nbsp; 817683 |
| &nbsp;&nbsp;&nbsp; SCB X PCL | &nbsp;&nbsp;&nbsp;&nbsp; 589100 | &nbsp;&nbsp;&nbsp;&nbsp; 2271316 |
| &nbsp;&nbsp;&nbsp; True Corp. PCL, NVDR \* | &nbsp;&nbsp;&nbsp;&nbsp; 1284900 | &nbsp;&nbsp;&nbsp;&nbsp; 407658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7488481 |
| **Turkey — 0.8%** | **Turkey — 0.8%** | **Turkey — 0.8%** |
| &nbsp;&nbsp;&nbsp; Akbank TAS | &nbsp;&nbsp;&nbsp;&nbsp; 880462 | &nbsp;&nbsp;&nbsp;&nbsp; 1459769 |
| &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi ve Ticaret A/S | &nbsp;&nbsp;&nbsp;&nbsp; 157951 | &nbsp;&nbsp;&nbsp;&nbsp; 726460 |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp;&nbsp; 169372 | &nbsp;&nbsp;&nbsp;&nbsp; 2213386 |
| &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 491208 | &nbsp;&nbsp;&nbsp;&nbsp; 1149765 |
| &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO | &nbsp;&nbsp;&nbsp;&nbsp; 193093 | &nbsp;&nbsp;&nbsp;&nbsp; 1367029 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S | &nbsp;&nbsp;&nbsp;&nbsp; 157590 | &nbsp;&nbsp;&nbsp;&nbsp; 361289 |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi A/S | &nbsp;&nbsp;&nbsp;&nbsp; 494530 | &nbsp;&nbsp;&nbsp;&nbsp; 1733782 |
| &nbsp;&nbsp;&nbsp; Turkiye Sigorta A/S | &nbsp;&nbsp;&nbsp;&nbsp; 2129540 | &nbsp;&nbsp;&nbsp;&nbsp; 518814 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi A/S \* | &nbsp;&nbsp;&nbsp;&nbsp; 391762 | &nbsp;&nbsp;&nbsp;&nbsp; 323996 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9854290 |
| **United Arab Emirates — 1.2%** | **United Arab Emirates — 1.2%** | **United Arab Emirates — 1.2%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 148322 | &nbsp;&nbsp;&nbsp;&nbsp; 656339 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 238295 | &nbsp;&nbsp;&nbsp;&nbsp; 1564634 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 370636 | &nbsp;&nbsp;&nbsp;&nbsp; 589296 |
| &nbsp;&nbsp;&nbsp; ADNOC Logistics & Services | &nbsp;&nbsp;&nbsp;&nbsp; 345919 | &nbsp;&nbsp;&nbsp;&nbsp; 438868 |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 635782 | &nbsp;&nbsp;&nbsp;&nbsp; 1642948 |
| &nbsp;&nbsp;&nbsp; Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 659507 | &nbsp;&nbsp;&nbsp;&nbsp; 1788624 |
| &nbsp;&nbsp;&nbsp; Emaar Development PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 189216 | &nbsp;&nbsp;&nbsp;&nbsp; 772179 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 1049892 | &nbsp;&nbsp;&nbsp;&nbsp; 4347922 |
| &nbsp;&nbsp;&nbsp; Emirates NBD Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 161767 | &nbsp;&nbsp;&nbsp;&nbsp; 1178113 |
| &nbsp;&nbsp;&nbsp; Parkin Co. PJSC | &nbsp;&nbsp;&nbsp;&nbsp; 324380 | &nbsp;&nbsp;&nbsp;&nbsp; 544171 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13523094 |
| **United Kingdom — 0.1%** | **United Kingdom — 0.1%** | **United Kingdom — 0.1%** |
| &nbsp;&nbsp;&nbsp; WNS Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12521 | &nbsp;&nbsp;&nbsp;&nbsp; 936446 |
| **United States — 0.6%** | **United States — 0.6%** | **United States — 0.6%** |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 6063 | &nbsp;&nbsp;&nbsp;&nbsp; 956196 |
| &nbsp;&nbsp;&nbsp; ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 46298 | &nbsp;&nbsp;&nbsp;&nbsp; 2010722 |
| &nbsp;&nbsp;&nbsp; Freshworks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 16597 | &nbsp;&nbsp;&nbsp;&nbsp; 215595 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 53625 | &nbsp;&nbsp;&nbsp;&nbsp; 2362181 |
| &nbsp;&nbsp;&nbsp; Globant SA \* | &nbsp;&nbsp;&nbsp;&nbsp; 10818 | &nbsp;&nbsp;&nbsp;&nbsp; 911525 |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 739689 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7195908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $946,755,059)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1154877140 |

---

------

**JPMorgan ActiveBuilders Emerging Markets Equity ETF**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **NO. OF** <br> **RIGHTS**<br>| **VALUE($)** |
| **Rights — 0.0% ^** | **Rights — 0.0% ^** | **Rights — 0.0% ^** |
| **Taiwan — 0.0% ^** | **Taiwan — 0.0% ^** | **Taiwan — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; All Ring Tech Co. Ltd., expiring 9/4/2025\* | &nbsp;&nbsp;&nbsp;&nbsp; 887 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; All Ring Tech Co. Ltd., expiring 9/9/2025\* | &nbsp;&nbsp;&nbsp;&nbsp; 5919 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $—)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | **SHARES** |  |
| **Short-Term Investments — 1.4%** | **Short-Term Investments — 1.4%** | **Short-Term Investments — 1.4%** |
| **Investment Companies — 1.3%** | **Investment Companies — 1.3%** | **Investment Companies — 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 4.37% (c) (d) <br>(Cost $15,496,455)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15493356 | &nbsp;&nbsp;&nbsp;&nbsp; 15494905 |
| **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** | **Investment of Cash Collateral from Securities Loaned — 0.1%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.37% (c) (d)(Cost $1,171,313) | &nbsp;&nbsp;&nbsp;&nbsp; 1171313 | &nbsp;&nbsp;&nbsp;&nbsp; 1171313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $16,667,768)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 16666218 |
| **Total Investments — 99.9%** <br>**(Cost $963,422,827)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1171543358** |
| **Other Assets in Excess of Liabilities — 0.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **807731** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1172351089** |

---

&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.  |
| (a) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (b) | The security or a portion of this security is on loan at July 31, 2025. The total value of securities on loan at July 31, 2025 is $1,116,958. |
| (c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (d) | The rate shown is the current yield as of July 31, 2025. |

---

------

**JPMorgan ActiveBuilders Emerging 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 | 18.0<br> %<br>|
| Semiconductors & Semiconductor Equipment | 16.6 |
| Interactive Media & Services | 6.5 |
| Technology Hardware, Storage & Peripherals | 6.3 |
| Broadline Retail | 4.2 |
| Insurance | 3.7 |
| Oil, Gas & Consumable Fuels | 2.6 |
| Electronic Equipment, Instruments & Components | 2.5 |
| Automobiles | 2.5 |
| Hotels, Restaurants & Leisure | 2.3 |
| IT Services | 2.1 |
| Entertainment | 2.0 |
| Capital Markets | 1.9 |
| Consumer Staples Distribution & Retail | 1.8 |
| Electrical Equipment | 1.7 |
| Machinery | 1.6 |
| Metals & Mining | 1.5 |
| Household Durables | 1.5 |
| Food Products | 1.3 |
| Consumer Finance | 1.3 |
| Real Estate Management & Development | 1.1 |
| Beverages | 1.1 |
| Automobile Components | 1.0 |
| Wireless Telecommunication Services | 1.0 |
| Aerospace & Defense | 1.0 |
| Others (each less than 1.0%) | 11.5 |
| Short-Term Investments | 1.4 |

---

------

**JPMorgan ActiveBuilders Emerging 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.

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 July 31, 2025 (Unaudited) (continued)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Argentina | &nbsp;&nbsp;&nbsp;&nbsp; $801174 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $801174 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 389747 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 389747 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 62187096 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62187096 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; 1466293 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1466293 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 13159528 | &nbsp;&nbsp;&nbsp;&nbsp; 308907757 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 322067285 |
| &nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp;&nbsp; 570820 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 570820 |
| &nbsp;&nbsp;&nbsp; Cyprus | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 612654 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 612654 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1025205 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1025205 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 2411769 | &nbsp;&nbsp;&nbsp;&nbsp; 13226275 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15638044 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 360025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 360025 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; 314981 | &nbsp;&nbsp;&nbsp;&nbsp; 13103020 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13418001 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; 615376 | &nbsp;&nbsp;&nbsp;&nbsp; 3598350 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4213726 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 16068335 | &nbsp;&nbsp;&nbsp;&nbsp; 156491059 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 172559394 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18626797 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18626797 |
| &nbsp;&nbsp;&nbsp; Kazakhstan | &nbsp;&nbsp;&nbsp;&nbsp; 1633072 | &nbsp;&nbsp;&nbsp;&nbsp; 996216 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2629288 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 811835 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 811835 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4852944 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4852944 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 30516232 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 30516232 |
| &nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp;&nbsp; 1818697 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1818697 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; 5266942 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5266942 |
| &nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp;&nbsp; 755349 | &nbsp;&nbsp;&nbsp;&nbsp; 2130320 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2885669 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10508089 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10508089 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2102331 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2102331 |
| &nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp;&nbsp; 768327 | &nbsp;&nbsp;&nbsp;&nbsp; 1959085 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2727412 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; 853415 | &nbsp;&nbsp;&nbsp;&nbsp; 20257279 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21110694 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; 2292317 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2292317 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 5064182 | &nbsp;&nbsp;&nbsp;&nbsp; 17913064 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22977246 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; 677273 | &nbsp;&nbsp;&nbsp;&nbsp; 139017522 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 139694795 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7605774 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7605774 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 244142394 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 244142394 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; 2804541 | &nbsp;&nbsp;&nbsp;&nbsp; 4683940 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7488481 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; 2732200 | &nbsp;&nbsp;&nbsp;&nbsp; 7122090 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9854290 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 2206277 | &nbsp;&nbsp;&nbsp;&nbsp; 11316817 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13523094 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 936446 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 936446 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 7195908 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7195908 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 163476575 | &nbsp;&nbsp;&nbsp;&nbsp; 991400564 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1154877140 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 15494905 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15494905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities <br> Loaned<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1171313 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1171313 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 16666218 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16666218 |

---

------

**JPMorgan ActiveBuilders Emerging 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** |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $180142793 | &nbsp;&nbsp;&nbsp;&nbsp; $991400564 | &nbsp;&nbsp;&nbsp;&nbsp; $1 | &nbsp;&nbsp;&nbsp;&nbsp; $1171543358 |

---

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

 <br> (a) Value is zero.

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** | **For the period ended July 31, 2025** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2024**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**July 31,** <br>**2025**<br>| **Shares at** <br>**July 31,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market <br> Fund Class IM Shares, 4.37% <br> (a) (b)<br>| $7607812 | $167028802 | $159140565 | $405 | $(1549)<br>| $15494905 | 15493356 | $293057 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending <br> Money Market Fund Agency SL <br> Class Shares, 4.37% (a) (b)<br>| 1234130 | 37983399 | 38046216 |  |  | 1171313 | 1171313 | 53714 |  |
| **Total** | $8841942 | $205012201 | $197186781 | $405 | $(1549)<br>| $16666218 |  | $346771 | $— |

---

&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 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:** 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:** $1188931553.28

**Total Liabilities:** $3503082.85

**Net Assets:** $1185428470.43

**Cash Not Reported:** $17576315.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225965 | 4.92%                | 6.62%                | 0.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3002934.96              | $46830630.61                               |
| Month 2  | $681224.74               | $69363935.14                               |
| Month 3  | $10396453.10             | $-1080487.99                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Central Pattana PCL                                      | Central Pattana PCL                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    276900 | NS      | $441329.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd.                          | Korea Aerospace Industries Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     28442 | NS      | $1926098.91   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BNK Financial Group, Inc.                                | BNK Financial Group, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     64453 | NS      | $675014.87    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Jentech Precision Industrial Co. Ltd.                    | Jentech Precision Industrial Co. Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     14519 | NS      | $690778.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| United Spirits Ltd.                                      | United Spirits Ltd.                                                   | CUSIP: N/A<br>LEI: 3358004YFWQVX2EZDE82       | Long             | EC               | CORP              | IN        |     83233 | NS      | $1270769.71   | 0.11%             |  |  |  | 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        |    887575 | NS      | $3427966.58   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Hava Yollari AO                                     | Turk Hava Yollari AO                                                  | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    195247 | NS      | $1382278.99   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| KRUK SA                                                  | KRUK SA                                                               | CUSIP: N/A<br>LEI: 259400T1FZYBIW8XUJ78       | Long             | EC               | CORP              | PL        |      3674 | NS      | $402528.20    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp.                                | Arcadyan Technology Corp.                                             | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |     44000 | NS      | $325157.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Petrochemical Corp.                              | Formosa Petrochemical Corp.                                           | CUSIP: N/A<br>LEI: 529900UWWAOQ8470E792       | Long             | EC               | CORP              | TW        |    423534 | NS      | $618875.21    | 0.05%             |  |  |  | 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        |     38437 | NS      | $323296.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd.                                               | Wipro Ltd.                                                            | CUSIP: N/A<br>LEI: 335800IFS1IJHESG8362       | Long             | EC               | CORP              | IN        |    110511 | NS      | $310862.74    | 0.03%             |  |  |  | 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        |    240953 | NS      | $1582086.00   | 0.13%             |  |  |  | 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        |    146000 | NS      | $370728.74    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SK, Inc.                                                 | SK, Inc.                                                              | CUSIP: N/A<br>LEI: 988400GMME8AOAFMDK34       | Long             | EC               | CORP              | KR        |     12677 | NS      | $1839838.75   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd.                                     | Dr Lal PathLabs Ltd.                                                  | CUSIP: N/A<br>LEI: 984500E8E9CY102B9718       | Long             | EC               | CORP              | IN        |      7728 | NS      | $276576.48    | 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        |     15961 | NS      | $556743.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Budimex SA                                               | Budimex SA                                                            | CUSIP: N/A<br>LEI: 25940093SDJZW2C1V355       | Long             | EC               | CORP              | PL        |      3485 | NS      | $521551.57    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Development PCL                                     | Gulf Development PCL                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    425600 | NS      | $611859.13    | 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        |     19801 | NS      | $1272557.32   | 0.11%             |  |  |  | Yes           |                  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        |     83512 | NS      | $1192109.77   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                       | Bangkok Dusit Medical Services PCL, Class F                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    768000 | NS      | $498589.12    | 0.04%             |  |  |  | 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        |   1154600 | NS      | $3637427.91   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Computer, Inc.                                    | Quanta Computer, Inc.                                                 | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |   1002248 | NS      | $9335100.08   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Largan Precision Co. Ltd.                                | Largan Precision Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     37519 | NS      | $2942733.21   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoomlion Heavy Industry Science and Technology Co. Ltd.  | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H      | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | CN        |    355800 | NS      | $277663.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd.                                         | Public Bank Bhd.                                                      | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20       | Long             | EC               | CORP              | MY        |    827400 | NS      | $814880.23    | 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        |    487483 | NS      | $5957042.26   | 0.50%             |  |  |  | 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        |    162117 | NS      | $1217236.66   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services, Inc.                       | Intercorp Financial Services, Inc.                                    | CUSIP: N/A<br>LEI: 5299004181WFTEWB1398       | Long             | EC               | CORP              | PA        |      7346 | NS      | $264896.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                                   | Taiwan Mobile Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    434081 | NS      | $1530265.65   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Info Edge India Ltd.                                     | Info Edge India Ltd.                                                  | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               | CORP              | IN        |    155727 | NS      | $2459091.58   | 0.21%             |  |  |  | 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        |     37901 | NS      | $872416.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Cholamandalam Investment and Finance Co. Ltd.            | Cholamandalam Investment and Finance Co. Ltd.                         | CUSIP: N/A<br>LEI: 3358008DNPV45O4EII52       | Long             | EC               | CORP              | IN        |    231258 | NS      | $3791152.00   | 0.32%             |  |  |  | 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        |    563200 | NS      | $2284555.98   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.               | Industrial & Commercial Bank of China Ltd., Class H                   | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    496000 | NS      | $380047.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Krafton, Inc.                                            | Krafton, Inc.                                                         | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |      1537 | NS      | $361895.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd.                                       | Grab Holdings Ltd., Class A                                           | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | KY        |     80311 | NS      | $392720.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                         | Copa Holdings SA, Class A                                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |      4976 | NS      | $550644.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsingtao Brewery Co. Ltd.                                | Tsingtao Brewery Co. Ltd.                                             | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |     44000 | NS      | $279530.06    | 0.02%             |  |  |  | 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        |    331600 | NS      | $464013.10    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VT Co. Ltd.                                              | VT Co. Ltd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9224 | NS      | $238144.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                 | Gree Electric Appliances, Inc. of Zhuhai, Class A                     | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |    110800 | NS      | $700247.10    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Ltd.                                       | Vodacom Group Ltd.                                                    | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    110795 | NS      | $845913.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     47276 | NS      | $367684.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                 | Sea Ltd.                                                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     12289 | NS      | $1925071.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   1614200 | NS      | $498982.41    | 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        |    356613 | NS      | $3558674.22   | 0.30%             |  |  |  | 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        |    349398 | NS      | $4873599.67   | 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        |    106230 | NS      | $815677.91    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| YDUQS Participacoes SA                                   | YDUQS Participacoes SA                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    101079 | NS      | $233944.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology, Inc.                                 | eMemory Technology, Inc.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     18350 | NS      | $1242194.84   | 0.10%             |  |  |  | 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        |   1144000 | NS      | $2425127.24   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                              | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |    385050 | NS      | $1980939.48   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Entertainment Co. Ltd.                                | SM Entertainment Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12848 | NS      | $1227058.34   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                     | Malayan Banking Bhd.                                                  | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    220100 | NS      | $484092.40    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CJ CheilJedang Corp.                                     | CJ CheilJedang Corp.                                                  | CUSIP: N/A<br>LEI: 9884008938PK154I3A92       | Long             | EC               | CORP              | KR        |      3710 | NS      | $668042.78    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp.                           | Novatek Microelectronics Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     29000 | NS      | $458306.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Energy Exchange Ltd.                              | Indian Energy Exchange Ltd.                                           | CUSIP: N/A<br>LEI: 335800JRG8ZOKN1KAE97       | Long             | EC               | CORP              | IN        |    153989 | NS      | $236521.04    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                            | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   2038186 | NS      | $30643675.52  | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunway Bhd.                                              | Sunway Bhd.                                                           | CUSIP: N/A<br>LEI: 254900IFSF5T1D6JKU83       | Long             | EC               | CORP              | MY        |    420600 | NS      | $464811.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                  | Meituan                                                               | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    519028 | NS      | $8007329.62   | 0.68%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bajaj Finance Ltd.                                       | Bajaj Finance Ltd.                                                    | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |    278705 | NS      | $2789103.74   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp.                                        | Eva Airways Corp.                                                     | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    247650 | NS      | $312261.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class H                                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2628000 | NS      | $2568164.32   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana de Valores SAB de CV                      | Bolsa Mexicana de Valores SAB de CV                                   | CUSIP: N/A<br>LEI: 894500CS2D6RLGW61A19       | Long             | EC               | CORP              | MX        |    232426 | NS      | $497378.09    | 0.04%             |  |  |  | No            |                  1 | 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        |   1164413 | NS      | $4421557.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd.                            | Max Healthcare Institute Ltd.                                         | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |     69285 | NS      | $982986.94    | 0.08%             |  |  |  | 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        |   1154800 | NS      | $4650864.34   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                                 | Jeronimo Martins SGPS SA                                              | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |     87203 | NS      | $2125806.35   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexaware Technologies Ltd.                               | Hexaware Technologies Ltd.                                            | CUSIP: N/A<br>LEI: 335800ZHALNQ1Q2JCP43       | Long             | EC               | CORP              | IN        |    122972 | NS      | $983463.66    | 0.08%             |  |  |  | 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        |     62100 | NS      | $379185.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                             | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     62200 | NS      | $552631.62    | 0.05%             |  |  |  | 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        |     82200 | NS      | $1379161.73   | 0.12%             |  |  |  | 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        |    488968 | NS      | $2875368.93   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Chailease Holding Co. Ltd.                               | Chailease Holding Co. Ltd.                                            | CUSIP: N/A<br>LEI: 529900L76E6T0JCM3J27       | Long             | EC               | CORP              | KY        |    196465 | NS      | $758483.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella International Holdings Ltd.                       | Stella International Holdings Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    160000 | NS      | $317961.78    | 0.03%             |  |  |  | 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        |   2518800 | NS      | $2925939.58   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd.                                             | LG Chem Ltd.                                                          | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |     15016 | NS      | $3228514.47   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CCC SA                                                   | CCC SA                                                                | CUSIP: N/A<br>LEI: 259400NWPQ2HCSMZP970       | Long             | EC               | CORP              | PL        |      9690 | NS      | $497880.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                               | Capitec Bank Holdings Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     22693 | NS      | $4399003.44   | 0.37%             |  |  |  | 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        |     69297 | NS      | $2101170.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd.                                           | FirstRand Ltd.                                                        | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    503272 | NS      | $2137175.56   | 0.18%             |  |  |  | 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        |    170800 | NS      | $416152.92    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                      | Kuaishou Technology                                                   | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    110000 | NS      | $1074046.28   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                            | Piraeus Financial Holdings SA                                         | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    350328 | NS      | $2693825.55   | 0.23%             |  |  |  | No            |                  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        |   4280000 | NS      | $3976643.15   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                         | Raia Drogasil SA                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    409880 | NS      | $988182.98    | 0.08%             |  |  |  | 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        |     82500 | NS      | $619479.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                          | Galaxy Entertainment Group Ltd.                                       | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |     75000 | NS      | $365749.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com, Inc.                                             | JD.com, Inc., Class A                                                 | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     58802 | NS      | $926833.82    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                | China Resources Land Ltd.                                             | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    159500 | NS      | $584881.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Steel Corp.                                        | China Steel Corp.                                                     | CUSIP: N/A<br>LEI: 529900D3N7UIJMVJ9120       | Long             | EC               | CORP              | TW        |   2489276 | NS      | $1616541.43   | 0.14%             |  |  |  | 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        |     26400 | NS      | $5195444.17   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Britannia Industries Ltd.                                | Britannia Industries Ltd.                                             | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |     31435 | NS      | $2068271.93   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp. Ltd.                                      | Kingsoft Corp. Ltd.                                                   | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               | CORP              | KY        |     71200 | NS      | $323764.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JYP Entertainment Corp.                                  | JYP Entertainment Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3851 | NS      | $200636.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                              | NAVER Corp.                                                           | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |     14714 | NS      | $2476294.76   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                  | Sinotruk Hong Kong Ltd.                                               | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    118500 | NS      | $361135.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HL Mando Co. Ltd.                                        | HL Mando Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 988400P5GM9DGVVOJQ79       | Long             | EC               | CORP              | KR        |      9377 | NS      | $233074.86    | 0.02%             |  |  |  | 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        |    500044 | NS      | $1753113.59   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AVI Ltd.                                                 | AVI Ltd.                                                              | CUSIP: N/A<br>LEI: 378900C2D68805FAAF75       | Long             | EC               | CORP              | ZA        |     79708 | NS      | $410873.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                   | Kunlun Energy Co. Ltd.                                                | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    304000 | NS      | $292858.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer SA                                               | Embraer SA                                                            | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |    140882 | NS      | $2024838.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ades Holding Co.                                         | Ades Holding Co.                                                      | CUSIP: N/A<br>LEI: 98450075A96DF4FE9813       | Long             | EC               | CORP              | SA        |     98038 | NS      | $328855.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KGI Financial Holding Co. Ltd.                           | KGI Financial Holding Co. Ltd.                                        | CUSIP: N/A<br>LEI: 213800CVM61O866CGD19       | Long             | EC               | CORP              | TW        |   3557615 | NS      | $1802129.31   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp.                                    | Southern Copper Corp.                                                 | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3111 | NS      | $292931.76    | 0.02%             |  |  |  | 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        |    157053 | NS      | $1419845.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd.                                         | Minth Group Ltd.                                                      | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    184000 | NS      | $607391.42    | 0.05%             |  |  |  | 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        |   3533820 | NS      | $136049552.19 | 11.48%            |  |  |  | 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        |    184000 | NS      | $455968.60    | 0.04%             |  |  |  | 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        |    396130 | NS      | $327608.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                               | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    145141 | NS      | $1383193.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                                  | Hyundai Glovis Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     13368 | NS      | $1412104.15   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                | Kia Corp.                                                             | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     98576 | NS      | $7212883.85   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co. Ltd.                             | Full Truck Alliance Co. Ltd.                                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    104861 | NS      | $1211144.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripod Technology Corp.                                  | Tripod Technology Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     40000 | NS      | $372292.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Ltd.                                  | MGM China Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 529900VZFN87OS7WJM66       | Long             | EC               | CORP              | KY        |    216000 | NS      | $456029.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd.                                 | InterGlobe Aviation Ltd.                                              | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |     11035 | NS      | $740541.38    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                        | Centrais Eletricas Brasileiras SA (Preference)                        | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |     99013 | NS      | $719670.17    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                             | Kaspi.KZ JSC                                                          | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     20929 | NS      | $1651298.10   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Leejam Sports Co. JSC                                    | Leejam Sports Co. JSC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     15151 | NS      | $572485.76    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Mengniu Dairy Co. Ltd.                             | China Mengniu Dairy Co. Ltd.                                          | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | KY        |    433000 | NS      | $901079.74    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                           | Indofood Sukses Makmur Tbk. PT                                        | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |    550900 | NS      | $284460.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CRISIL Ltd.                                              | CRISIL Ltd.                                                           | CUSIP: N/A<br>LEI: 335800XLQ1LWF1M6KM87       | Long             | EC               | CORP              | IN        |     16085 | NS      | $972016.75    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Marcopolo SA                                             | Marcopolo SA (Preference)                                             | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |    384070 | NS      | $565862.88    | 0.05%             |  |  |  | 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        |     62500 | NS      | $546766.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TCL Electronics Holdings Ltd.                            | TCL Electronics Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 5299000Y9D001SNNTJ48       | Long             | EC               | CORP              | KY        |    320000 | NS      | $414435.27    | 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        |    376940 | NS      | $763799.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SOOP Co. Ltd.                                            | SOOP Co. Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     10229 | NS      | $581335.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                    | DB Insurance Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      5336 | NS      | $490455.99    | 0.04%             |  |  |  | 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        |    209304 | NS      | $2458063.93   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LigaChem Biosciences, Inc.                               | LigaChem Biosciences, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      6083 | NS      | $582095.29    | 0.05%             |  |  |  | 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        |  11422600 | NS      | $3109584.88   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                       | Arab National Bank                                                    | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |     79151 | NS      | $457876.29    | 0.04%             |  |  |  | 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        |    310163 | NS      | $1934963.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                       | Banco do Brasil SA                                                    | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    342395 | NS      | $1209485.24   | 0.10%             |  |  |  | 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        |   2172000 | NS      | $1668678.42   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                                      | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |     60000 | NS      | $296690.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   1061601 | NS      | $4396412.77   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                             | Colgate-Palmolive India Ltd.                                          | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |     52434 | NS      | $1340703.25   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd.                                         | NU Holdings Ltd., Class A                                             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |     99485 | NS      | $1215706.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                               | Airtac International Group                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     29670 | NS      | $843860.01    | 0.07%             |  |  |  | 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        |    588082 | NS      | $776894.92    | 0.07%             |  |  |  | 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        |     45400 | NS      | $772697.52    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                      | Krung Thai Bank PCL                                                   | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   1298300 | NS      | $872901.90    | 0.07%             |  |  |  | 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        |    149975 | NS      | $663653.77    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                         | Raiffeisen Bank International AG                                      | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     13648 | NS      | $394078.20    | 0.03%             |  |  |  | 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        |    272871 | NS      | $902048.12    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                               | Akbank TAS                                                            | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    890281 | NS      | $1476048.53   | 0.12%             |  |  |  | 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        |     30095 | NS      | $1634260.90   | 0.14%             |  |  |  | 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        |    149036 | NS      | $1036639.78   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Pixart Imaging, Inc.                                     | Pixart Imaging, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     45000 | NS      | $291733.57    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Arabian Centres Co.                                      | Arabian Centres Co.                                                   | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     61422 | NS      | $339495.02    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                         | Powszechny Zaklad Ubezpieczen SA                                      | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    159358 | NS      | $2670997.19   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd.                                             | Kanzhun Ltd.                                                          | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | KY        |     98540 | NS      | $1868318.40   | 0.16%             |  |  |  | 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        |    332677 | NS      | $2858424.69   | 0.24%             |  |  |  | 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        |     89600 | NS      | $641731.09    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Financial Services Ltd.                              | Max Financial Services Ltd.                                           | CUSIP: N/A<br>LEI: 335800Y9FX8XGFB64S40       | Long             | EC               | CORP              | IN        |     87724 | NS      | $1497717.47   | 0.13%             |  |  |  | No            |                  2 | 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        |     41286 | NS      | $813610.50    | 0.07%             |  |  |  | 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        |   1737000 | NS      | $11271648.50  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Haidilao International Holding Ltd.                      | Haidilao International Holding Ltd.                                   | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    937000 | NS      | $1661017.85   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                                | China Hongqiao Group Ltd.                                             | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    205000 | NS      | $540769.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Systems Corp.                                       | Park Systems Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1974 | NS      | $389671.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                                | Bank Central Asia Tbk. PT                                             | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  15599600 | NS      | $7818450.94   | 0.66%             |  |  |  | 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        |   1112800 | NS      | $8022811.78   | 0.68%             |  |  |  | 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        |    908000 | NS      | $865151.75    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp.                                                 | KT Corp.                                                              | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     20841 | NS      | $826968.96    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                        | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    508657 | NS      | $11672819.55  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Powertech Technology, Inc.                               | Powertech Technology, Inc.                                            | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |     66767 | NS      | $278881.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd.                                             | Coforge Ltd.                                                          | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72       | Long             | EC               | CORP              | IN        |     96424 | NS      | $1910628.69   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                             | Genpact Ltd.                                                          | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     54222 | NS      | $2388479.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Realtek Semiconductor Corp.                              | Realtek Semiconductor Corp.                                           | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |    365078 | NS      | $6980610.23   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                                 | ITC Ltd.                                                              | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    440052 | NS      | $2063710.04   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Freshworks, Inc.                                         | Freshworks, Inc., Class A                                             | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |     16783 | NS      | $218011.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMMB Holdings Bhd.                                       | AMMB Holdings Bhd.                                                    | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |    250500 | NS      | $295987.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co. Ltd.                                      | SF Holding Co. Ltd., Class A                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     73000 | NS      | $464832.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Brasil SA                                | Banco Santander Brasil SA                                             | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43       | Long             | EC               | CORP              | BR        |     70037 | NS      | $329200.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Marine Solution Co. Ltd.                      | HD Hyundai Marine Solution Co. Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9838 | NS      | $1438943.58   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                               | CP ALL PCL                                                            | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    373000 | NS      | $539297.74    | 0.05%             |  |  |  | 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        |    558700 | NS      | $1542684.83   | 0.13%             |  |  |  | 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        |    110947 | NS      | $5402443.62   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                 | Hansol Chemical Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2733 | NS      | $354584.05    | 0.03%             |  |  |  | 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        |   2167469 | NS      | $6388087.80   | 0.54%             |  |  |  | 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        |     65000 | NS      | $810874.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co. Ltd.                                 | Sinopharm Group Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    694800 | NS      | $1670041.20   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                                | Suzano SA                                                             | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | BR        |     24355 | NS      | $226345.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corp.                                            | Wistron Corp.                                                         | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |    367074 | NS      | $1493940.82   | 0.13%             |  |  |  | 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      |
| Gruma SAB de CV                                          | Gruma SAB de CV, Class B                                              | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     20551 | NS      | $354013.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finserv Ltd.                                       | Bajaj Finserv Ltd.                                                    | CUSIP: N/A<br>LEI: 3358001EH4I4IDMGQ326       | Long             | EC               | CORP              | IN        |    171084 | NS      | $3785670.51   | 0.32%             |  |  |  | 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        |   1171313 | NS      | $1171313.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Anjoy Foods Group Co. Ltd.                               | Anjoy Foods Group Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     75800 | NS      | $774841.84    | 0.07%             |  |  |  | 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        |    574148 | NS      | $1741024.49   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                                  | ADNOC Drilling Co. PJSC                                               | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    374770 | NS      | $595869.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB India Ltd.                                           | ABB India Ltd.                                                        | CUSIP: N/A<br>LEI: 5493001BUNB8WEF9JI21       | Long             | EC               | CORP              | IN        |     10191 | NS      | $638141.82    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kolmar Korea Co. Ltd.                                    | Kolmar Korea Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5393 | NS      | $376417.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                                            | Alpha Bank SA                                                         | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    240863 | NS      | $901582.34    | 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        |     14908 | NS      | $341454.25    | 0.03%             |  |  |  | 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        |   1876400 | NS      | $1947540.12   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Triveni Turbine Ltd.                                     | Triveni Turbine Ltd.                                                  | CUSIP: N/A<br>LEI: 335800CN8OF2ECX4NK89       | Long             | EC               | CORP              | IN        |     81985 | NS      | $557212.88    | 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        |   1197842 | NS      | $7482835.79   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Power Corp. SA                                    | Public Power Corp. SA                                                 | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |     21453 | NS      | $347957.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyad Bank                                               | Riyad Bank                                                            | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |    111791 | NS      | $838824.83    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Aeronautics Ltd.                               | Hindustan Aeronautics Ltd.                                            | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |      7145 | NS      | $367724.87    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Securities Co. Ltd.                              | Samsung Securities Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |      7093 | NS      | $359575.76    | 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        |      5629 | NS      | $4016023.78   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| United Electronics Co.                                   | United Electronics Co.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     18151 | NS      | $434286.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nongfu Spring Co. Ltd.                                   | Nongfu Spring Co. Ltd., Class H                                       | CUSIP: N/A<br>LEI: 300300P08GGT4SKR9G93       | Long             | EC               | CORP              | CN        |     71600 | NS      | $413679.35    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Qifu Technology, Inc.                                    | Qifu Technology, Inc., Class A                                        | CUSIP: N/A<br>LEI: 836800R59NKEPDR6I240       | Long             | EC               | CORP              | KY        |     17150 | NS      | $294612.23    | 0.02%             |  |  |  | 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        |  20739270 | NS      | $4644158.00   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp. PCL                                           | True Corp. PCL                                                        | CUSIP: N/A<br>LEI: 894500HQD71STX0DQK07       | Long             | EC               | CORP              | TH        |   1299300 | NS      | $412226.20    | 0.03%             |  |  |  | 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        |     17664 | NS      | $1808334.46   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Faratronic Co. Ltd.                               | Xiamen Faratronic Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     37100 | NS      | $564871.80    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                      | SK Telecom Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     28756 | NS      | $1161497.81   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems, Inc.                                       | EPAM Systems, Inc.                                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      6129 | NS      | $966604.59    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Muthoot Finance Ltd.                                     | Muthoot Finance Ltd.                                                  | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |     14368 | NS      | $427301.77    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    979500 | NS      | $68576988.58  | 5.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co. Ltd.                               | Samsung Biologics Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3015 | NS      | $2303543.99   | 0.19%             |  |  |  | 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        |     90965 | NS      | $948369.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| State Bank of India                                      | State Bank of India                                                   | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |     83287 | NS      | $754616.86    | 0.06%             |  |  |  | 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        |    269700 | NS      | $2836955.97   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd.                                          | Absa Group Ltd.                                                       | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    164993 | NS      | $1628618.38   | 0.14%             |  |  |  | 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        |     32600 | NS      | $352103.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Syngene International Ltd.                               | Syngene International Ltd.                                            | CUSIP: N/A<br>LEI: 335800FFAWRC77Z2EY68       | Long             | EC               | CORP              | IN        |    155606 | NS      | $1263456.95   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Poya International Co. Ltd.                              | Poya International Co. Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     70720 | NS      | $1094420.05   | 0.09%             |  |  |  | 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        |   2975831 | NS      | $4089080.95   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Star Ltd.                                           | Blue Star Ltd.                                                        | CUSIP: N/A<br>LEI: 335800CWJUVEKQ1TE879       | Long             | EC               | CORP              | IN        |     89454 | NS      | $1763819.37   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Heavy Industries Co. Ltd.                        | Samsung Heavy Industries Co. Ltd.                                     | CUSIP: N/A<br>LEI: 988400OSK0T9LDTWNC20       | Long             | EC               | CORP              | KR        |    102122 | NS      | $1393906.50   | 0.12%             |  |  |  | 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        |      9108 | NS      | $440789.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MPI Corp.                                                | MPI Corp.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     46000 | NS      | $1598796.59   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co. Ltd.                                     | Samsung SDI Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |      7234 | NS      | $1038051.52   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                       | Kimberly-Clark de Mexico SAB de CV, Class A                           | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    554695 | NS      | $1038527.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Lenovo Group Ltd.                                        | Lenovo Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1200000 | NS      | $1538700.03   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| YPF SA                                                   | YPF SA                                                                | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |     18423 | NS      | $617907.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd.                                   | Shoprite Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |    106814 | NS      | $1556861.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology, Inc.                                  | ASPEED Technology, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      8040 | NS      | $1217583.76   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    195343 | NS      | $847592.03    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REC Ltd.                                                 | REC Ltd.                                                              | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |     85248 | NS      | $382108.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                            | Al Rajhi Bank                                                         | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |    234266 | NS      | $5906798.97   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                 | Ambev SA                                                              | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    181880 | NS      | $407314.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhou International Group Holdings Ltd.               | Shenzhou International Group Holdings Ltd.                            | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | KY        |    379700 | NS      | $2732610.15   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                         | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    632448 | NS      | $16533616.80  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                                          | Bajaj Auto Ltd.                                                       | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |     37109 | NS      | $3378677.81   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd.                                               | Sasol Ltd.                                                            | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |    333204 | NS      | $1714034.05   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co. Ltd.                            | Baoshan Iron & Steel Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    268300 | NS      | $272849.65    | 0.02%             |  |  |  | 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        |   1742258 | NS      | $8448887.89   | 0.71%             |  |  |  | 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        |     35023 | NS      | $581281.17    | 0.05%             |  |  |  | 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        |    785412 | NS      | $7627949.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM Co. Ltd.                                             | HMM Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |     24690 | NS      | $415107.43    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                                       | Regional SAB de CV                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    111351 | NS      | $860941.26    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel, Inc.                                              | Hugel, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5881 | NS      | $1419549.02   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Baosight Software Co. Ltd.                      | Shanghai Baosight Software Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    322001 | NS      | $1101579.68   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                                  | Elite Material Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     98265 | NS      | $3602064.56   | 0.30%             |  |  |  | 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        |     35478 | NS      | $600655.99    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                                 | Kotak Mahindra Bank Ltd.                                              | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |    269750 | NS      | $6077560.85   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                        | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    211816 | NS      | $9591997.27   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Robina Corp.                                   | Universal Robina Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |    205840 | NS      | $311760.87    | 0.03%             |  |  |  | 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        |     64700 | NS      | $3501487.15   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                                           | Credicorp Ltd.                                                        | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |     21352 | NS      | $5060424.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Sigorta A/S                                      | Turkiye Sigorta A/S                                                   | CUSIP: N/A<br>LEI: 789000O7DB1JKMXK2Q45       | Long             | EC               | CORP              | TR        |   2153288 | NS      | $524600.31    | 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        |   3528500 | NS      | $2123765.57   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvama Wealth Management Ltd.                            | Nuvama Wealth Management Ltd.                                         | CUSIP: N/A<br>LEI: 3358002Y23HZBJW49C38       | Long             | EC               | CORP              | IN        |      4018 | NS      | $331070.18    | 0.03%             |  |  |  | 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        |    848000 | NS      | $1760094.74   | 0.15%             |  |  |  | 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        |    998000 | NS      | $2316369.12   | 0.20%             |  |  |  | No            |                  2 | 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        |    225094 | NS      | $634415.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Canara Bank                                              | Canara Bank                                                           | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    227847 | NS      | $277284.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| All Ring Tech Co. Ltd.                                   | All Ring Tech Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TW        |      5919 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| All Ring Tech Co. Ltd.                                   | All Ring Tech Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TW        |       887 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman, Inc.                                 | ZTO Express Cayman, Inc.                                              | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | KY        |     11150 | NS      | $217365.03    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                     | POSCO Holdings, Inc.                                                  | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |      2217 | NS      | $487539.10    | 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        |   1454000 | NS      | $2068309.02   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Consumer Products Ltd.                            | Godrej Consumer Products Ltd.                                         | CUSIP: N/A<br>LEI: 335800P4GUWLGZFK2D63       | Long             | EC               | CORP              | IN        |     19582 | NS      | $280573.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vibra Energia SA                                         | Vibra Energia SA                                                      | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    180112 | NS      | $684158.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Semiconductor Corp.               | Vanguard International Semiconductor Corp.                            | CUSIP: N/A<br>LEI: 2549001S5Q158BIJJO13       | Long             | EC               | CORP              | TW        |    326060 | NS      | $1010497.27   | 0.09%             |  |  |  | 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        |     16551 | NS      | $1758499.55   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                           | OTP Bank Nyrt.                                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     39033 | NS      | $3167369.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                         | Apollo Hospitals Enterprise Ltd.                                      | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      3630 | NS      | $309478.63    | 0.03%             |  |  |  | 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      |
| 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        |   1070000 | NS      | $7345939.80   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangwon Land, Inc.                                       | Kangwon Land, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     24096 | NS      | $323445.63    | 0.03%             |  |  |  | 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        |     47581 | NS      | $1536113.55   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp. Ltd.                              | Bharat Petroleum Corp. Ltd.                                           | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    115664 | NS      | $432228.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd.                           | China Resources Gas Group Ltd.                                        | CUSIP: N/A<br>LEI: 529900A0E1J5JSOKEK83       | Long             | EC               | CORP              | BM        |    321300 | NS      | $813308.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Manufacturing Co. Ltd.                             | Giant Manufacturing Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |    150000 | NS      | $574526.05    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                   | Emaar Development PJSC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    191325 | NS      | $780785.97    | 0.07%             |  |  |  | No            |                  2 | 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        |    822800 | NS      | $3920324.97   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Biocon Ltd.                                              | Biocon Ltd.                                                           | CUSIP: N/A<br>LEI: 335800NK3L7QCHLOC198       | Long             | EC               | CORP              | IN        |     61453 | NS      | $273201.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvoton Technology Corp.                                 | Nuvoton Technology Corp.                                              | CUSIP: N/A<br>LEI: 25490081WZAX02O6MB63       | Long             | EC               | CORP              | TW        |    174092 | NS      | $397554.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                   | LPP SA                                                                | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |       172 | NS      | $763914.41    | 0.06%             |  |  |  | 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        |     12584 | NS      | $3972638.22   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Hangzhou Co. Ltd.                                | Bank of Hangzhou Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 300300C1092033000075       | Long             | EC               | CORP              | CN        |    177800 | NS      | $395354.41    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayala Land, Inc.                                         | Ayala Land, Inc.                                                      | CUSIP: N/A<br>LEI: 254900EWT10TQ6DKTV34       | Long             | EC               | CORP              | PH        |    866900 | NS      | $370387.81    | 0.03%             |  |  |  | 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        |     20345 | NS      | $1775459.12   | 0.15%             |  |  |  | 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        |     78018 | NS      | $4843549.29   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilson Sons SA                                           | Wilson Sons SA                                                        | CUSIP: N/A<br>LEI: 25490033I0F25FUYFJ42       | Long             | EC               | CORP              | BR        |     88924 | NS      | $280609.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Airlines Ltd.                                      | China Airlines Ltd.                                                   | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |    468092 | NS      | $320754.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd.                                        | Clicks Group Ltd.                                                     | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |     38642 | NS      | $810142.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Yeast Co. Ltd.                                     | Angel Yeast Co. Ltd., Class A                                         | CUSIP: N/A<br>LEI: 3003002K1DZ78FXZXI48       | Long             | EC               | CORP              | CN        |    193309 | NS      | $919363.77    | 0.08%             |  |  |  | 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        |     29854 | NS      | $1264900.86   | 0.11%             |  |  |  | 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        |    182000 | NS      | $590050.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA                                                   | TIM SA                                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    393577 | NS      | $1450026.08   | 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        |     57800 | NS      | $663433.46    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Aavas Financiers Ltd.                                    | Aavas Financiers Ltd.                                                 | CUSIP: N/A<br>LEI: 335800TMNAGA7MPDP384       | Long             | EC               | CORP              | IN        |     15746 | NS      | $308852.94    | 0.03%             |  |  |  | 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        |    187100 | NS      | $6832968.97   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                  | Accton Technology Corp.                                               | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    154113 | NS      | $4551606.00   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co. Ltd.                               | KIWOOM Securities Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |      4483 | NS      | $691297.80    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                              | President Chain Store Corp.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    200035 | NS      | $1714197.35   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA                                                | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    665768 | NS      | $8481884.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                                 | Reliance Industries Ltd.                                              | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    484396 | NS      | $7649822.58   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd.                                       | Bidvest Group Ltd.                                                    | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |     82642 | NS      | $1075073.11   | 0.09%             |  |  |  | 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        |    257364 | NS      | $3713171.83   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                                | Itausa SA (Preference)                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    743198 | NS      | $1369717.81   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd.                                        | WNS Holdings Ltd.                                                     | CUSIP: N/A<br>LEI: 529900RM7QHUD3W9DM42       | Long             | EC               | CORP              | JE        |     12659 | NS      | $946766.61    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Electric Co. Ltd.                                | Fortune Electric Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     70400 | NS      | $1549434.38   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                          | GAIL India Ltd.                                                       | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |    233452 | NS      | $470268.52    | 0.04%             |  |  |  | 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        |    618000 | NS      | $2171401.69   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd.                                 | Maruti Suzuki India Ltd.                                              | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |      5812 | NS      | $833667.32    | 0.07%             |  |  |  | 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        |     11700 | NS      | $290024.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA              | Powszechna Kasa Oszczednosci Bank Polski SA                           | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |     83932 | NS      | $1837817.30   | 0.16%             |  |  |  | No            |                  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        |    317600 | NS      | $2768991.34   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Parkin Co. PJSC                                          | Parkin Co. PJSC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    327998 | NS      | $550240.46    | 0.05%             |  |  |  | No            |                  2 | 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      |
| 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        |      8273 | NS      | $1745766.84   | 0.15%             |  |  |  | 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        |   3299505 | NS      | $3528801.61   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB Foods, Inc.                                          | BBB Foods, Inc., Class A                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     24654 | NS      | $629170.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy SAB de CV                                   | Vista Energy SAB de CV                                                | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |      4301 | NS      | $192254.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT UP Corp.                                           | SHIFT UP Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      7917 | NS      | $236872.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                          | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |   1135066 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                         | Turkcell Iletisim Hizmetleri A/S                                      | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    159348 | NS      | $365319.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.                           | Tata Consultancy Services Ltd.                                        | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    197384 | NS      | $6807073.12   | 0.57%             |  |  |  | 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        |     81618 | NS      | $1574770.96   | 0.13%             |  |  |  | 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        |      4059 | NS      | $1444444.23   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Asia Vital Components Co. Ltd.                           | Asia Vital Components Co. Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     61908 | NS      | $1881648.29   | 0.16%             |  |  |  | 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        |    159712 | NS      | $734559.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Ltd.                                               | ASMPT Ltd.                                                            | CUSIP: N/A<br>LEI: 529900PYFA1HFYKPT360       | Long             | EC               | CORP              | KY        |     30600 | NS      | $258867.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                    | Aldar Properties PJSC                                                 | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |    642871 | NS      | $1661266.78   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co. Ltd.                | Foshan Haitian Flavouring & Food Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    101900 | NS      | $443946.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile                                    | Banco Santander Chile                                                 | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |  18291516 | NS      | $1056556.45   | 0.09%             |  |  |  | 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        |    461114 | NS      | $7690582.84   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Ocean Co. Ltd.                                    | Hanwha Ocean Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8300 | NS      | $667221.58    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ennoconn Corp.                                           | Ennoconn Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     27000 | NS      | $274491.31    | 0.02%             |  |  |  | No            |                  2 | 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        |      3247 | NS      | $834421.14    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                                 | Yum China Holdings, Inc.                                              | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     87733 | NS      | $4095376.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                                        | Gentera SAB de CV                                                     | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |    560966 | NS      | $1272097.83   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp.                                            | Silergy Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    159625 | NS      | $1717020.02   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                 | KB Financial Group, Inc.                                              | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     31784 | NS      | $2525182.56   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                    | UltraTech Cement Ltd.                                                 | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |     31196 | NS      | $4343541.46   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                            | WH Group Ltd.                                                         | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    385500 | NS      | $385938.84    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ADNOC Logistics & Services                               | ADNOC Logistics & Services                                            | CUSIP: N/A<br>LEI: 254900CIXQYSEOFXAB16       | Long             | EC               | CORP              | AE        |    349777 | NS      | $443762.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eugene Technology Co. Ltd.                               | Eugene Technology Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     26717 | NS      | $850677.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                                  | Bharat Electronics Ltd.                                               | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    501315 | NS      | $2177861.93   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                                  | Hindustan Unilever Ltd.                                               | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     93283 | NS      | $2679050.22   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd.                                 | ENN Energy Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |    361300 | NS      | $2944603.04   | 0.25%             |  |  |  | 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        |   3590000 | NS      | $2106693.71   | 0.18%             |  |  |  | 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        |     92000 | NS      | $317592.08    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Soulbrain Co. Ltd.                                       | Soulbrain Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1837 | NS      | $311526.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gudeng Precision Industrial Co. Ltd.                     | Gudeng Precision Industrial Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     35784 | NS      | $359315.77    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NAC Kazatomprom JSC                                      | NAC Kazatomprom JSC                                                   | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     24477 | NS      | $1007326.97   | 0.08%             |  |  |  | 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        |   7510000 | NS      | $7681254.80   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                   | WEG SA                                                                | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |    385087 | NS      | $2544529.29   | 0.21%             |  |  |  | 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        |    788000 | NS      | $1164872.15   | 0.10%             |  |  |  | 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        |    288595 | NS      | $1778094.22   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                          | Cemex SAB de CV                                                       | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |   2225214 | NS      | $1941533.13   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| YC Corp.                                                 | YC Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     42251 | NS      | $335765.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd.                           | Tongcheng Travel Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | KY        |    133200 | NS      | $333750.04    | 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        |     54207 | NS      | $470978.82    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                        | Hyundai Motor Co.                                                     | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |     13585 | NS      | $2066650.96   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Eclat Textile Co. Ltd.                                   | Eclat Textile Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     59219 | NS      | $792133.36    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics, Inc.                                  | Delta Electronics, Inc.                                               | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    543357 | NS      | $10235818.84  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK Hynix, Inc.                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    102251 | NS      | $19817876.57  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp.                                             | Xiaomi Corp., Class B                                                 | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |   1310200 | NS      | $8814962.43   | 0.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Supreme Industries Ltd.                                  | Supreme Industries Ltd.                                               | CUSIP: N/A<br>LEI: 33580094NA85GD34LN25       | Long             | EC               | CORP              | IN        |     13992 | NS      | $683967.70    | 0.06%             |  |  |  | No            |                  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        |     98305 | NS      | $515967.17    | 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      |
| Dino Polska SA                                           | Dino Polska SA                                                        | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |    103660 | NS      | $1367082.98   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco de Chile                                           | Banco de Chile                                                        | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   3093142 | NS      | $426089.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefit Systems SA                                       | Benefit Systems SA                                                    | CUSIP: N/A<br>LEI: 2594007UY43JEUOLID52       | Long             | EC               | CORP              | PL        |      1032 | NS      | $934789.06    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd.                                          | PB Fintech Ltd.                                                       | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |    112309 | NS      | $2304693.61   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                         | Gold Fields Ltd.                                                      | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |    104341 | NS      | $2544556.68   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd.               | Crompton Greaves Consumer Electricals Ltd.                            | CUSIP: N/A<br>LEI: 335800DIIEEWMH3UDH51       | Long             | EC               | CORP              | IN        |    411393 | NS      | $1509922.79   | 0.13%             |  |  |  | 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        |   1585900 | NS      | $384594.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United International Transportation Co.                  | United International Transportation Co.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     50574 | NS      | $942583.71    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                             | Wiwynn Corp.                                                          | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |     78343 | NS      | $7150098.76   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Bupa Arabia for Cooperative Insurance Co.                | Bupa Arabia for Cooperative Insurance Co.                             | CUSIP: N/A<br>LEI: 558600B2WJHD5P31XS68       | Long             | EC               | CORP              | SA        |      9537 | NS      | $428657.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BGF retail Co. Ltd.                                      | BGF retail Co. Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12190 | NS      | $987431.32    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                             | Kumho Petrochemical Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      4764 | NS      | $417022.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                           | Techtronic Industries Co. Ltd.                                        | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    157000 | NS      | $1877351.56   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd.                                     | Tenaga Nasional Bhd.                                                  | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    194900 | NS      | $593655.25    | 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        |    454945 | NS      | $2943791.61   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Life Insurance Co. Ltd.                          | Samsung Life Insurance Co. Ltd.                                       | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |      4753 | NS      | $429027.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                           | AIA Group Ltd.                                                        | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    708200 | NS      | $6603378.74   | 0.56%             |  |  |  | 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        |  11925600 | NS      | $2094075.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                   | Emirates NBD Bank PJSC                                                | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    163570 | NS      | $1191243.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                                       | PDD Holdings, Inc.                                                    | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     44961 | NS      | $5100825.45   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                           | Bid Corp. Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     59536 | NS      | $1496877.13   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       510 | NS      | $1210683.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd.                                     | Shriram Finance Ltd.                                                  | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |    699325 | NS      | $5008630.88   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                            | Coupang, Inc.                                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     23268 | NS      | $684777.24    | 0.06%             |  |  |  | No            |                  1 | 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        |     55300 | NS      | $1769407.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                   | Motiva Infraestrutura de Mobilidade SA                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     95078 | NS      | $208679.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay Financial Holding Co. Ltd.                        | Cathay Financial Holding Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |   1074124 | NS      | $2177074.79   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    187182 | NS      | $14369962.14  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                                     | Banco BTG Pactual SA                                                  | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |    563291 | NS      | $3938324.09   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongfa Technology Co. Ltd.                               | Hongfa Technology Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    346280 | NS      | $1175801.81   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Havells India Ltd.                                       | Havells India Ltd.                                                    | CUSIP: N/A<br>LEI: 549300U1LOGHTTNT7D47       | Long             | EC               | CORP              | IN        |     94281 | NS      | $1610294.38   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Ground Services Co.                                | Saudi Ground Services Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     52862 | NS      | $685654.05    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Asustek Computer, Inc.                                   | Asustek Computer, Inc.                                                | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |    110269 | NS      | $2420561.73   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                       | Millicom International Cellular SA                                    | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |      9066 | NS      | $363999.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd.                                             | Naspers Ltd., Class N                                                 | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |      4349 | NS      | $1342458.58   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class H                                                 | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    139500 | NS      | $2036819.67   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Aramco Base Oil Co.                                | Saudi Aramco Base Oil Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     19423 | NS      | $538964.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Supor Co. Ltd.                                  | Zhejiang Supor Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    184173 | NS      | $1323804.47   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA               | Eurobank Ergasias Services and Holdings SA                            | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |    675628 | NS      | $2479801.82   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                       | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    776040 | NS      | $13067977.37  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd.                                       | Tech Mahindra Ltd.                                                    | CUSIP: N/A<br>LEI: 3358005FZUZ1I25XQH69       | Long             | EC               | CORP              | IN        |     44913 | NS      | $745109.28    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                          | Lojas Renner SA                                                       | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    257171 | NS      | $744018.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coway Co. Ltd.                                           | Coway Co. Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5352 | NS      | $417433.11    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahanagar Gas Ltd.                                       | Mahanagar Gas Ltd.                                                    | CUSIP: N/A<br>LEI: 3358001GYZI2KS7FHN90       | Long             | EC               | CORP              | IN        |     23209 | NS      | $357462.27    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd.                              | Cathay Pacific Airways Ltd.                                           | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |    204000 | NS      | $303208.61    | 0.03%             |  |  |  | No            |                  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        |     18640 | NS      | $592070.64    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp.                                              | S-Oil Corp.                                                           | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32       | Long             | EC               | CORP              | KR        |     33334 | NS      | $1503598.50   | 0.13%             |  |  |  | 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        |     21375 | NS      | $990283.89    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Otomotiv Sanayi A/S                                 | Ford Otomotiv Sanayi A/S                                              | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |    496686 | NS      | $1162587.08   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd.                                         | China Feihe Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    618000 | NS      | $367401.69    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tata Steel Ltd.                                          | Tata Steel Ltd.                                                       | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |   1271334 | NS      | $2283100.33   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Awwal Bank                                         | Saudi Awwal Bank                                                      | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |     75163 | NS      | $647899.19    | 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        |    365500 | NS      | $493940.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Delhivery Ltd.                                           | Delhivery Ltd.                                                        | CUSIP: N/A<br>LEI: 335800CUQ1SBCH9TTH82       | Long             | EC               | CORP              | IN        |    319973 | NS      | $1546843.09   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President Enterprises Corp.                          | Uni-President Enterprises Corp.                                       | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    839035 | NS      | $2214434.21   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                     | Telefonica Brasil SA                                                  | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    117151 | NS      | $659236.55    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Pudong Development Bank Co. Ltd.                | Shanghai Pudong Development Bank Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 300300C1031031001330       | Long             | EC               | CORP              | CN        |    300106 | NS      | $532381.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                  | OPAP SA                                                               | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     48551 | NS      | $1089289.85   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                           | Axis Bank Ltd.                                                        | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |      7249 | NS      | $439699.63    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United Breweries Ltd.                                    | United Breweries Ltd.                                                 | CUSIP: N/A<br>LEI: 335800ADAMN6EW1GCZ31       | Long             | EC               | CORP              | IN        |     22233 | NS      | $492034.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd.                                 | Standard Bank Group Ltd.                                              | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    166552 | NS      | $2143103.81   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                                     | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |    268844 | NS      | $656282.12    | 0.06%             |  |  |  | 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        |      4759 | NS      | $1152993.60   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd.                           | Geely Automobile Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    231000 | NS      | $518137.19    | 0.04%             |  |  |  | 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        |    890386 | NS      | $2779074.01   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Lombard General Insurance Co. Ltd.                 | ICICI Lombard General Insurance Co. Ltd.                              | CUSIP: N/A<br>LEI: 335800ZZITZ7ZZZ2ZX87       | Long             | EC               | CORP              | IN        |     21730 | NS      | $476874.37    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                       | Bharti Airtel Ltd.                                                    | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    232188 | NS      | $5054535.66   | 0.43%             |  |  |  | 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        |     84291 | NS      | $1128608.01   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp.                               | Korea Electric Power Corp.                                            | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |     50304 | NS      | $1389489.71   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Zheshang Bank Co. Ltd.                             | China Zheshang Bank Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 300300C1031633000208       | Long             | EC               | CORP              | CN        |    903000 | NS      | $317321.82    | 0.03%             |  |  |  | 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        |   1514000 | NS      | $4014612.71   | 0.34%             |  |  |  | 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        |   2034231 | NS      | $4562856.19   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings, Inc.                                        | KE Holdings, Inc., Class A                                            | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               | CORP              | KY        |    630568 | NS      | $3856570.41   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd.                                 | Hindalco Industries Ltd.                                              | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     37207 | NS      | $288042.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanmi Pharm Co. Ltd.                                     | Hanmi Pharm Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 988400PP10VZVUOFE672       | Long             | EC               | CORP              | KR        |      1910 | NS      | $382281.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                               | Hana Financial Group, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     70909 | NS      | $4335312.63   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                     | Richter Gedeon Nyrt.                                                  | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     20730 | NS      | $622219.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                                                | SCB X PCL                                                             | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    595700 | NS      | $2296762.55   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd.                                        | Asian Paints Ltd.                                                     | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     14484 | NS      | $395350.12    | 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        |   1085861 | NS      | $9670580.79   | 0.82%             |  |  |  | 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        |    293600 | NS      | $366678.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                          | CPFL Energia SA                                                       | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     46789 | NS      | $315099.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                    | HCL Technologies Ltd.                                                 | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     88247 | NS      | $1471087.41   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp.                                        | Samsung C&T Corp.                                                     | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |     18830 | NS      | $2271743.36   | 0.19%             |  |  |  | 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        |     13553 | NS      | $370482.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                         | Tata Motors Ltd.                                                      | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |    573646 | NS      | $4336000.81   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd.                                          | MakeMyTrip Ltd.                                                       | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |     20062 | NS      | $1877602.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                          | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    550635 | NS      | $9364620.97   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Embassy Office Parks REIT                                | Embassy Office Parks                                                  | CUSIP: N/A<br>LEI: 335800O555A557E43Z08       | Long             | EC               | CORP              | IN        |    184731 | NS      | $832902.14    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Gamuda Bhd.                                              | Gamuda Bhd.                                                           | CUSIP: N/A<br>LEI: 254900RW4N94L9KA9137       | Long             | EC               | CORP              | MY        |    341400 | NS      | $412068.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                          | Porto Seguro SA                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    126584 | NS      | $1170317.91   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                          | Grupo Cibest SA (Preference)                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CO        |     53332 | NS      | $577183.39    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA              | Hellenic Telecommunications Organization SA                           | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     48757 | NS      | $884699.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishal Mega Mart Ltd.                                    | Vishal Mega Mart Ltd.                                                 | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |    481279 | NS      | $763777.08    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                               | Globant SA                                                            | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Long             | EC               | CORP              | LU        |     10938 | NS      | $921635.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMB Group Holdings Bhd.                                 | CIMB Group Holdings Bhd.                                              | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    964500 | NS      | $1474351.43   | 0.12%             |  |  |  | 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        |     28605 | NS      | $482565.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ExlService Holdings, Inc.                                | ExlService Holdings, Inc.                                             | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     46814 | NS      | $2033132.02   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd.                                       | Eicher Motors Ltd.                                                    | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |     15566 | NS      | $968558.71    | 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      | $1288303.72   | 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        |    666863 | NS      | $1808573.92   | 0.15%             |  |  |  | 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        |    374000 | NS      | $1080340.50   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| United Laboratories International Holdings Ltd. (The)    | United Laboratories International Holdings Ltd. (The)                 | CUSIP: N/A<br>LEI: 2549007JL3XIH77JXN70       | Long             | EC               | CORP              | KY        |    166000 | NS      | $311175.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      3489 | NS      | $8282502.21   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Metlen Energy & Metals SA                                | Metlen Energy & Metals SA                                             | CUSIP: N/A<br>LEI: 213800KT8MEUJEJ2KW41       | Long             | EC               | CORP              | GR        |     37340 | NS      | $2054125.56   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                               | BIM Birlesik Magazalar A/S                                            | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    171262 | NS      | $2238084.75   | 0.19%             |  |  |  | No            |                  1 | 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      |
| Athens International Airport SA                          | Athens International Airport SA                                       | CUSIP: N/A<br>LEI: 213800BC45UCMQYR4995       | Long             | EC               | CORP              | GR        |     40715 | NS      | $464639.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd.                                                | NTPC Ltd.                                                             | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    182038 | NS      | $690892.64    | 0.06%             |  |  |  | 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        |   1947507 | NS      | $2020114.99   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                  | Minor International PCL                                               | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |    292200 | NS      | $222222.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    810810 | NS      | $41322099.90  | 3.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Co. for Cooperative Insurance (The)                      | Co. for Cooperative Insurance (The)                                   | CUSIP: N/A<br>LEI: 549300J2GTNKWJRJ8581       | Long             | EC               | CORP              | SA        |     11717 | NS      | $419059.07    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                         | PTT Exploration & Production PCL                                      | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    214800 | NS      | $826921.98    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                 | Mahindra & Mahindra Ltd.                                              | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    185113 | NS      | $6743408.28   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Monolithic Power Systems, Inc.                           | Monolithic Power Systems, Inc.                                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1052 | NS      | $748224.48    | 0.06%             |  |  |  | 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        |    254800 | NS      | $1286192.34   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Steel Co.                                        | Hyundai Steel Co.                                                     | CUSIP: N/A<br>LEI: 9884006EYA94IB2C3132       | Long             | EC               | CORP              | KR        |     21145 | NS      | $538177.79    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Expressway Co. Ltd.                                | Anhui Expressway Co. Ltd., Class H                                    | CUSIP: N/A<br>LEI: 529900UGCN9D11VHIL29       | Long             | EC               | CORP              | CN        |    182000 | NS      | $283996.01    | 0.02%             |  |  |  | No            |                  2 | 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