JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS — 99.7% |
| |||||||
Aerospace & Defense — 1.4% | ||||||||
Boeing Co. (The)* | 655 | 148,344 | ||||||
L3Harris Technologies, Inc. | 259 | 58,726 | ||||||
Raytheon Technologies Corp. | 1,831 | 159,206 | ||||||
|
| |||||||
366,276 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.3% | ||||||||
CH Robinson Worldwide, Inc. | 167 | 14,891 | ||||||
Expeditors International of Washington, Inc. | 213 | 27,317 | ||||||
United Parcel Service, Inc., Class B | 205 | 39,229 | ||||||
|
| |||||||
81,437 | ||||||||
|
| |||||||
Auto Components — 0.3% | ||||||||
Aptiv plc* | 342 | 57,063 | ||||||
BorgWarner, Inc. | 303 | 14,841 | ||||||
|
| |||||||
71,904 | ||||||||
|
| |||||||
Automobiles — 1.5% | ||||||||
Ford Motor Co.* | 4,957 | 69,150 | ||||||
General Motors Co.* | 1,124 | 63,888 | ||||||
Tesla, Inc.* | 406 | 279,004 | ||||||
|
| |||||||
412,042 | ||||||||
|
| |||||||
Banks — 2.9% | ||||||||
Bank of America Corp. | 6,660 | 255,478 | ||||||
Citigroup, Inc. | 2,364 | 159,854 | ||||||
Comerica, Inc. | 177 | 12,153 | ||||||
Fifth Third Bancorp | 888 | 32,225 | ||||||
PNC Financial Services Group, Inc. (The) | 538 | 98,137 | ||||||
Regions Financial Corp. | 868 | 16,709 | ||||||
SVB Financial Group* | 65 | 35,747 | ||||||
US Bancorp | 1,700 | 94,418 | ||||||
Wells Fargo & Co. | 1,707 | 78,419 | ||||||
|
| |||||||
783,140 | ||||||||
|
| |||||||
Beverages — 1.3% | ||||||||
Brown-Forman Corp., Class B | 286 | 20,283 | ||||||
Coca-Cola Co. (The) | 3,864 | 220,364 | ||||||
Keurig Dr Pepper, Inc. | 884 | 31,126 | ||||||
PepsiCo, Inc. | 529 | 83,026 | ||||||
|
| |||||||
354,799 | ||||||||
|
| |||||||
Biotechnology — 2.5% | ||||||||
AbbVie, Inc. | 1,548 | 180,032 | ||||||
Amgen, Inc. | 689 | 166,421 | ||||||
Biogen, Inc.* | 190 | 62,079 | ||||||
Gilead Sciences, Inc. | 1,591 | 108,649 | ||||||
Incyte Corp.* | 234 | 18,100 | ||||||
Regeneron Pharmaceuticals, Inc.* | 127 | 72,976 | ||||||
Vertex Pharmaceuticals, Inc.* | 328 | 66,118 | ||||||
|
| |||||||
674,375 | ||||||||
|
| |||||||
Building Products — 0.5% | ||||||||
Johnson Controls International plc | 907 | 64,778 | ||||||
Lennox International, Inc. | 39 | 12,848 | ||||||
Trane Technologies plc | 302 | 61,490 | ||||||
|
| |||||||
139,116 | ||||||||
|
| |||||||
Capital Markets — 4.4% | ||||||||
Bank of New York Mellon Corp. (The) | 1,016 | 52,151 | ||||||
BlackRock, Inc. | 156 | 135,278 | ||||||
Brookfield Asset Management, Inc., Class A (Canada) | 5 | 276 | ||||||
Charles Schwab Corp. (The) | 1,506 | 102,333 | ||||||
CME Group, Inc. | 376 | 79,761 | ||||||
FactSet Research Systems, Inc. | 47 | 16,792 | ||||||
Goldman Sachs Group, Inc. (The) | 417 | 156,325 | ||||||
Intercontinental Exchange, Inc. | 354 | 42,420 | ||||||
Invesco Ltd. | 422 | 10,288 | ||||||
Lazard Ltd., Class A | 59 | 2,785 | ||||||
LPL Financial Holdings, Inc. | 101 | 14,245 | ||||||
Moody’s Corp. | 206 | 77,456 | ||||||
Morgan Stanley | 1,401 | 134,468 | ||||||
Morningstar, Inc. | 30 | 7,579 | ||||||
MSCI, Inc. | 102 | 60,788 | ||||||
Nasdaq, Inc. | 145 | 27,076 | ||||||
Northern Trust Corp. | 245 | 27,648 | ||||||
S&P Global, Inc. | 305 | 130,760 | ||||||
State Street Corp. | 440 | 38,342 | ||||||
T. Rowe Price Group, Inc. | 289 | 59,002 | ||||||
|
| |||||||
1,175,773 | ||||||||
|
| |||||||
Chemicals — 1.4% | ||||||||
Albemarle Corp. | 147 | 30,288 | ||||||
Ashland Global Holdings, Inc. | 67 | 5,700 | ||||||
Axalta Coating Systems Ltd.* | 264 | 7,946 | ||||||
Celanese Corp. | 143 | 22,275 | ||||||
Eastman Chemical Co. | 172 | 19,388 | ||||||
Ecolab, Inc. | 316 | 69,782 | ||||||
FMC Corp. | 163 | 17,433 | ||||||
International Flavors & Fragrances, Inc. | 315 | 47,452 | ||||||
PPG Industries, Inc. | 300 | 49,056 | ||||||
Scotts Miracle-Gro Co. (The) | 52 | 9,202 | ||||||
Sherwin-Williams Co. (The) | 309 | 89,928 | ||||||
Valvoline, Inc. | 229 | 7,026 | ||||||
WR Grace & Co. | 69 | 4,802 | ||||||
|
| |||||||
380,278 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.4% | ||||||||
MSA Safety, Inc. | 46 | 7,566 | ||||||
Republic Services, Inc. | 266 | 31,484 | ||||||
Waste Management, Inc. | 535 | 79,319 | ||||||
|
| |||||||
118,369 | ||||||||
|
| |||||||
Communications Equipment — 1.2% | ||||||||
Arista Networks, Inc.* | 76 | 28,910 | ||||||
Ciena Corp.* | 182 | 10,581 | ||||||
Cisco Systems, Inc. | 4,126 | 228,457 | ||||||
CommScope Holding Co., Inc.* | 242 | 5,121 | ||||||
Juniper Networks, Inc. | 410 | 11,537 | ||||||
Motorola Solutions, Inc. | 210 | 47,023 | ||||||
|
| |||||||
331,629 | ||||||||
|
| |||||||
Construction Materials — 0.1% | ||||||||
Vulcan Materials Co. | 167 | 30,058 | ||||||
|
| |||||||
Consumer Finance — 0.9% | ||||||||
American Express Co. | 826 | 140,858 | ||||||
Capital One Financial Corp. | 568 | 91,845 | ||||||
|
| |||||||
232,703 | ||||||||
|
| |||||||
Containers & Packaging — 0.3% | ||||||||
AptarGroup, Inc. | 83 | 10,700 | ||||||
Avery Dennison Corp. | 105 | 22,122 | ||||||
Ball Corp. | 407 | 32,918 | ||||||
International Paper Co. | 392 | 22,642 | ||||||
|
| |||||||
88,382 | ||||||||
|
|
JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Diversified Financial Services — 0.7% | ||||||||
Berkshire Hathaway, Inc., Class B* | 668 | 185,898 | ||||||
Voya Financial, Inc. | 152 | 9,789 | ||||||
|
| |||||||
195,687 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 1.3% | ||||||||
AT&T, Inc. | 4,267 | 119,689 | ||||||
Lumen Technologies, Inc. | 1,393 | 17,371 | ||||||
Verizon Communications, Inc. | 3,983 | 222,172 | ||||||
|
| |||||||
359,232 | ||||||||
|
| |||||||
Electric Utilities — 1.3% | ||||||||
Avangrid, Inc. | 81 | 4,223 | ||||||
Edison International | 472 | 25,724 | ||||||
Eversource Energy | 434 | 37,441 | ||||||
Exelon Corp. | 1,235 | 57,798 | ||||||
FirstEnergy Corp. | 688 | 26,364 | ||||||
NextEra Energy, Inc. | 2,302 | 179,326 | ||||||
PG&E Corp.* | 1,948 | 17,123 | ||||||
|
| |||||||
347,999 | ||||||||
|
| |||||||
Electrical Equipment — 0.8% | ||||||||
Acuity Brands, Inc. | 45 | 7,892 | ||||||
Eaton Corp. plc | 504 | 79,657 | ||||||
Emerson Electric Co. | 756 | 76,273 | ||||||
Rockwell Automation, Inc. | 149 | 45,806 | ||||||
|
| |||||||
209,628 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||||
Keysight Technologies, Inc.* | 235 | 38,669 | ||||||
National Instruments Corp. | 166 | 7,322 | ||||||
Trimble, Inc.* | 317 | 27,104 | ||||||
|
| |||||||
73,095 | ||||||||
|
| |||||||
Energy Equipment & Services — 0.4% | ||||||||
Baker Hughes Co. | 948 | 20,136 | ||||||
Halliburton Co. | 1,122 | 23,203 | ||||||
NOV, Inc.* | 492 | 6,794 | ||||||
Schlumberger NV | 1,772 | 51,087 | ||||||
|
| |||||||
101,220 | ||||||||
|
| |||||||
Entertainment — 1.4% | ||||||||
Netflix, Inc.* | 186 | 96,268 | ||||||
Walt Disney Co. (The)* | 1,593 | 280,400 | ||||||
|
| |||||||
376,668 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts (REITs) — 3.1% | ||||||||
Alexandria Real Estate Equities, Inc. | 185 | 37,248 | ||||||
American Tower Corp. | 96 | 27,149 | ||||||
AvalonBay Communities, Inc. | 176 | 40,098 | ||||||
Boston Properties, Inc. | 197 | 23,124 | ||||||
Brixmor Property Group, Inc. | 374 | 8,609 | ||||||
Crown Castle International Corp. | 457 | 88,242 | ||||||
Douglas Emmett, Inc. | 210 | 7,014 | ||||||
Duke Realty Corp. | 471 | 23,964 | ||||||
Equity Residential | 467 | 39,289 | ||||||
Essex Property Trust, Inc. | 82 | 26,904 | ||||||
Extra Space Storage, Inc. | 166 | 28,907 | ||||||
First Industrial Realty Trust, Inc. | 163 | 8,929 | ||||||
Healthpeak Properties, Inc. | 682 | 25,214 | ||||||
Hudson Pacific Properties, Inc. | 183 | 4,989 | ||||||
Iron Mountain, Inc. | 363 | 15,885 | ||||||
Kilroy Realty Corp. | 147 | 10,183 | ||||||
Kimco Realty Corp. | 522 | 11,134 | ||||||
Prologis, Inc. | 934 | 119,589 | ||||||
Public Storage | 69 | 21,561 | ||||||
Realty Income Corp. | 473 | 33,247 | ||||||
Regency Centers Corp. | 214 | 13,998 | ||||||
SBA Communications Corp. | 137 | 46,716 | ||||||
Simon Property Group, Inc. | 413 | 52,253 | ||||||
SL Green Realty Corp. | 91 | 6,776 | ||||||
UDR, Inc. | 374 | 20,566 | ||||||
Ventas, Inc. | 474 | 28,336 | ||||||
Vornado Realty Trust | 222 | 9,657 | ||||||
Welltower, Inc. | 529 | 45,949 | ||||||
|
| |||||||
825,530 | ||||||||
|
| |||||||
Food & Staples Retailing — 0.8% | ||||||||
Costco Wholesale Corp. | 331 | 142,237 | ||||||
Walmart, Inc. | 542 | 77,262 | ||||||
|
| |||||||
219,499 | ||||||||
|
| |||||||
Food Products — 0.4% | ||||||||
General Mills, Inc. | 772 | 45,440 | ||||||
Hershey Co. (The) | 153 | 27,369 | ||||||
McCormick & Co., Inc. (Non-Voting) | 315 | 26,513 | ||||||
Mondelez International, Inc., Class A | 76 | 4,808 | ||||||
|
| |||||||
104,130 | ||||||||
|
| |||||||
Gas Utilities — 0.1% | ||||||||
National Fuel Gas Co. | 107 | 5,503 | ||||||
UGI Corp. | 263 | 12,095 | ||||||
|
| |||||||
17,598 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 2.6% | ||||||||
Abbott Laboratories | 1,545 | 186,914 | ||||||
Becton Dickinson and Co. | 308 | 78,771 | ||||||
Boston Scientific Corp.* | 1,797 | 81,943 | ||||||
Danaher Corp. | 479 | 142,498 | ||||||
Edwards Lifesciences Corp.* | 783 | 87,908 | ||||||
Insulet Corp.* | 84 | 23,494 | ||||||
Intuitive Surgical, Inc.* | 16 | 15,863 | ||||||
Medtronic plc | 440 | 57,776 | ||||||
Stryker Corp. | 20 | 5,419 | ||||||
|
| |||||||
680,586 | ||||||||
|
| |||||||
Health Care Providers & Services — 2.9% | ||||||||
AmerisourceBergen Corp. | 186 | 22,723 | ||||||
Anthem, Inc. | 300 | 115,203 | ||||||
Cigna Corp. | 432 | 99,140 | ||||||
CVS Health Corp. | 1,670 | 137,541 | ||||||
Humana, Inc. | 158 | 67,286 | ||||||
UnitedHealth Group, Inc. | 790 | 325,654 | ||||||
|
| |||||||
767,547 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 2.3% | ||||||||
Booking Holdings, Inc.* | 52 | 113,270 | ||||||
Chipotle Mexican Grill, Inc.* | 36 | 67,084 | ||||||
McDonald’s Corp. | 803 | 194,896 | ||||||
Starbucks Corp. | 1,442 | 175,102 | ||||||
Yum! Brands, Inc. | 378 | 49,665 | ||||||
|
| |||||||
600,017 | ||||||||
|
| |||||||
Household Durables — 0.4% | ||||||||
DR Horton, Inc. | 339 | 32,351 | ||||||
Garmin Ltd. | 191 | 30,025 | ||||||
Newell Brands, Inc. | 481 | 11,905 | ||||||
Toll Brothers, Inc. | 151 | 8,950 | ||||||
Whirlpool Corp. | 78 | 17,280 | ||||||
|
| |||||||
100,511 | ||||||||
|
| |||||||
Household Products — 1.4% | ||||||||
Clorox Co. (The) | 158 | 28,581 | ||||||
Colgate-Palmolive Co. | 1,057 | 84,031 |
JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Procter & Gamble Co. (The) | 1,869 | 265,828 | ||||||
|
| |||||||
378,440 | ||||||||
|
| |||||||
Industrial Conglomerates — 1.5% | ||||||||
3M Co. | 110 | 21,774 | ||||||
General Electric Co. | 11,132 | 144,159 | ||||||
Honeywell International, Inc. | 790 | 184,694 | ||||||
Roper Technologies, Inc. | 102 | 50,117 | ||||||
|
| |||||||
400,744 | ||||||||
|
| |||||||
Insurance — 2.2% | ||||||||
Aflac, Inc. | 850 | 46,750 | ||||||
Allstate Corp. (The) | 378 | 49,159 | ||||||
Aon plc, Class A | 283 | 73,588 | ||||||
Arthur J Gallagher & Co. | 243 | 33,852 | ||||||
Assurant, Inc. | 80 | 12,625 | ||||||
Brown & Brown, Inc. | 297 | 16,157 | ||||||
Chubb Ltd. | 567 | 95,676 | ||||||
Cincinnati Financial Corp. | 190 | 22,397 | ||||||
First American Financial Corp. | 135 | 9,087 | ||||||
Hartford Financial Services Group, Inc. (The) | 451 | 28,693 | ||||||
Lincoln National Corp. | 240 | 14,789 | ||||||
MetLife, Inc. | 939 | 54,180 | ||||||
Principal Financial Group, Inc. | 340 | 21,124 | ||||||
Prudential Financial, Inc. | 499 | 50,040 | ||||||
Travelers Cos., Inc. (The) | 318 | 47,356 | ||||||
Unum Group | 258 | 7,069 | ||||||
WR Berkley Corp. | 174 | 12,732 | ||||||
|
| |||||||
595,274 | ||||||||
|
| |||||||
Interactive Media & Services — 6.0% | ||||||||
Alphabet, Inc., Class A* | 403 | 1,085,896 | ||||||
Facebook, Inc., Class A* | 1,421 | 506,302 | ||||||
|
| |||||||
1,592,198 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 4.1% | ||||||||
Amazon.com, Inc.* | 298 | 991,622 | ||||||
eBay, Inc. | 863 | 58,865 | ||||||
Etsy, Inc.* | 159 | 29,178 | ||||||
Qurate Retail, Inc., Series A | 470 | 5,574 | ||||||
|
| |||||||
1,085,239 | ||||||||
|
| |||||||
IT Services — 5.2% | ||||||||
Accenture plc, Class A | 335 | 106,423 | ||||||
Alliance Data Systems Corp. | 68 | 6,341 | ||||||
Amdocs Ltd. | 163 | 12,569 | ||||||
Automatic Data Processing, Inc. | 13 | 2,725 | ||||||
Cognizant Technology Solutions Corp., Class A | 667 | 49,045 | ||||||
Fidelity National Information Services, Inc. | 785 | 117,004 | ||||||
Genpact Ltd. | 231 | 11,506 | ||||||
Globant SA* | 49 | 11,719 | ||||||
International Business Machines Corp. | 927 | 130,670 | ||||||
Mastercard, Inc., Class A | 764 | 294,858 | ||||||
PayPal Holdings, Inc.* | 1,031 | 284,071 | ||||||
Square, Inc., Class A* | 22 | 5,440 | ||||||
Switch, Inc., Class A | 162 | 3,347 | ||||||
Visa, Inc., Class A | 1,407 | 346,671 | ||||||
|
| |||||||
1,382,389 | ||||||||
|
| |||||||
Leisure Products — 0.1% | ||||||||
Brunswick Corp. | 98 | 10,231 | ||||||
Hasbro, Inc. | 162 | 16,109 | ||||||
|
| |||||||
26,340 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 2.0% | ||||||||
Agilent Technologies, Inc. | 385 | 58,993 | ||||||
Illumina, Inc.* | 185 | 91,714 | ||||||
IQVIA Holdings, Inc.* | 241 | 59,696 | ||||||
Mettler-Toledo International, Inc.* | 29 | 42,738 | ||||||
PerkinElmer, Inc. | 141 | 25,694 | ||||||
Thermo Fisher Scientific, Inc. | 397 | 214,384 | ||||||
Waters Corp.* | 77 | 30,015 | ||||||
|
| |||||||
523,234 | ||||||||
|
| |||||||
Machinery — 2.0% | ||||||||
Caterpillar, Inc. | 698 | 144,311 | ||||||
Crane Co. | 62 | 6,028 | ||||||
Cummins, Inc. | 185 | 42,938 | ||||||
Deere & Co. | 357 | 129,088 | ||||||
Dover Corp. | 181 | 30,249 | ||||||
Flowserve Corp. | 177 | 7,450 | ||||||
Fortive Corp. | 413 | 30,009 | ||||||
Gates Industrial Corp. plc* | 115 | 2,083 | ||||||
Illinois Tool Works, Inc. | 398 | 90,215 | ||||||
ITT, Inc. | 109 | 10,672 | ||||||
Middleby Corp. (The)* | 70 | 13,404 | ||||||
Oshkosh Corp. | 86 | 10,281 | ||||||
Xylem, Inc. | 227 | 28,568 | ||||||
|
| |||||||
545,296 | ||||||||
|
| |||||||
Marine — 0.0%(a) | ||||||||
Kirby Corp.* | 85 | 4,922 | ||||||
|
| |||||||
Media — 0.7% | ||||||||
Charter Communications, Inc., Class A* | 9 | 6,697 | ||||||
Comcast Corp., Class A | 2,276 | 133,897 | ||||||
Interpublic Group of Cos., Inc. (The) | 495 | 17,503 | ||||||
Omnicom Group, Inc. | 270 | 19,661 | ||||||
|
| |||||||
177,758 | ||||||||
|
| |||||||
Metals & Mining — 0.5% | ||||||||
Freeport-McMoRan, Inc. | 1,853 | 70,600 | ||||||
Newmont Corp. | 1,015 | 63,762 | ||||||
|
| |||||||
134,362 | ||||||||
|
| |||||||
Multiline Retail — 0.6% | ||||||||
Target Corp. | 630 | 164,462 | ||||||
|
| |||||||
Multi-Utilities — 0.7% | ||||||||
CenterPoint Energy, Inc. | 747 | 19,019 | ||||||
Consolidated Edison, Inc. | 434 | 32,016 | ||||||
Dominion Energy, Inc. | 196 | 14,674 | ||||||
Public Service Enterprise Group, Inc. | 638 | 39,703 | ||||||
Sempra Energy | 399 | 52,129 | ||||||
WEC Energy Group, Inc. | 212 | 19,958 | ||||||
|
| |||||||
177,499 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 2.1% | ||||||||
Cabot Oil & Gas Corp. | 496 | 7,936 | ||||||
Chevron Corp. | 1,932 | 196,697 | ||||||
ConocoPhillips | 763 | 42,774 | ||||||
Devon Energy Corp. | 853 | 22,042 | ||||||
EOG Resources, Inc. | 739 | 53,844 | ||||||
EQT Corp.* | 352 | 6,473 | ||||||
Exxon Mobil Corp. | 1,885 | 108,519 | ||||||
Hess Corp. | 351 | 26,830 | ||||||
Occidental Petroleum Corp. | 1,070 | 27,927 | ||||||
ONEOK, Inc. | 561 | 29,155 |
JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Pioneer Natural Resources Co. | 273 | 39,686 | ||||||
|
| |||||||
561,883 | ||||||||
|
| |||||||
Personal Products — 0.4% | ||||||||
Coty, Inc., Class A* | 418 | 3,649 | ||||||
Estee Lauder Cos., Inc. (The), Class A | 290 | 96,811 | ||||||
Herbalife Nutrition Ltd.* | 135 | 6,877 | ||||||
|
| |||||||
107,337 | ||||||||
|
| |||||||
Pharmaceuticals — 3.4% | ||||||||
Bristol-Myers Squibb Co. | 2,254 | 152,979 | ||||||
Eli Lilly & Co. | 882 | 214,767 | ||||||
Johnson & Johnson | 2,113 | 363,858 | ||||||
Merck & Co., Inc. | 926 | 71,182 | ||||||
Organon & Co.* | 103 | 2,988 | ||||||
Pfizer, Inc. | 2,238 | 95,809 | ||||||
Zoetis, Inc. | 24 | 4,865 | ||||||
|
| |||||||
906,448 | ||||||||
|
| |||||||
Professional Services — 0.6% | ||||||||
Booz Allen Hamilton Holding Corp. | 171 | 14,673 | ||||||
IHS Markit Ltd. | 473 | 55,265 | ||||||
Jacobs Engineering Group, Inc. | 164 | 22,181 | ||||||
Leidos Holdings, Inc. | 178 | 18,943 | ||||||
ManpowerGroup, Inc. | 69 | 8,182 | ||||||
Nielsen Holdings plc | 452 | 10,708 | ||||||
Verisk Analytics, Inc. | 201 | 38,178 | ||||||
|
| |||||||
168,130 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.2% | ||||||||
CBRE Group, Inc., Class A* | 423 | 40,803 | ||||||
Howard Hughes Corp. (The)* | 48 | 4,450 | ||||||
Jones Lang LaSalle, Inc.* | 65 | 14,467 | ||||||
|
| |||||||
59,720 | ||||||||
|
| |||||||
Road & Rail — 0.6% | ||||||||
Lyft, Inc., Class A* | 363 | 20,081 | ||||||
Uber Technologies, Inc.* | 2,043 | 88,789 | ||||||
Union Pacific Corp. | 190 | 41,564 | ||||||
|
| |||||||
150,434 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 5.3% | ||||||||
Advanced Micro Devices, Inc.* | 1,542 | 163,745 | ||||||
Analog Devices, Inc. | 420 | 70,316 | ||||||
Applied Materials, Inc. | 1,136 | 158,961 | ||||||
Broadcom, Inc. | 144 | 69,898 | ||||||
Cirrus Logic, Inc.* | 73 | 6,029 | ||||||
Entegris, Inc. | 161 | 19,423 | ||||||
First Solar, Inc.* | 132 | 11,357 | ||||||
Intel Corp. | 1,675 | 89,981 | ||||||
Lam Research Corp. | 182 | 116,009 | ||||||
Micron Technology, Inc.* | 85 | 6,594 | ||||||
NVIDIA Corp. | 1,952 | 380,621 | ||||||
QUALCOMM, Inc. | 1,288 | 192,942 | ||||||
Teradyne, Inc. | 210 | 26,670 | ||||||
Texas Instruments, Inc. | 313 | 59,664 | ||||||
Xilinx, Inc. | 311 | 46,600 | ||||||
|
| |||||||
1,418,810 | ||||||||
|
| |||||||
Software — 10.7% | ||||||||
Adobe, Inc.* | 443 | 275,382 | ||||||
ANSYS, Inc.* | 110 | 40,531 | ||||||
Atlassian Corp. plc, Class A* | 167 | 54,295 | ||||||
Autodesk, Inc.* | 279 | 89,595 | ||||||
Cadence Design Systems, Inc.* | 348 | 51,382 | ||||||
Citrix Systems, Inc. | 157 | 15,818 | ||||||
Dolby Laboratories, Inc., Class A | 81 | 7,865 | ||||||
Intuit, Inc. | 325 | 172,240 | ||||||
Microsoft Corp. | 5,082 | 1,447,913 | ||||||
NortonLifeLock, Inc. | 696 | 17,275 | ||||||
Oracle Corp. | 2,047 | 178,376 | ||||||
PTC, Inc.* | 133 | 18,015 | ||||||
salesforce.com, Inc.* | 879 | 212,656 | ||||||
ServiceNow, Inc.* | 250 | 146,972 | ||||||
Synopsys, Inc.* | 179 | 51,550 | ||||||
Teradata Corp.* | 138 | 6,853 | ||||||
VMware, Inc., Class A* | 102 | 15,681 | ||||||
Workday, Inc., Class A* | 234 | 54,850 | ||||||
|
| |||||||
2,857,249 | ||||||||
|
| |||||||
Specialty Retail — 2.4% | ||||||||
Advance Auto Parts, Inc. | 83 | 17,601 | ||||||
Best Buy Co., Inc. | 316 | 35,502 | ||||||
Burlington Stores, Inc.* | 44 | 14,731 | ||||||
CarMax, Inc.* | 206 | 27,594 | ||||||
Home Depot, Inc. (The) | 935 | 306,858 | ||||||
Lowe’s Cos., Inc. | 865 | 166,677 | ||||||
TJX Cos., Inc. (The) | 565 | 38,878 | ||||||
Tractor Supply Co. | 145 | 26,235 | ||||||
Williams-Sonoma, Inc. | 95 | 14,411 | ||||||
|
| |||||||
648,487 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 6.1% | ||||||||
Apple, Inc. | 10,559 | 1,540,136 | ||||||
Dell Technologies, Inc., Class C* | 312 | 30,145 | ||||||
HP, Inc. | 1,579 | 45,586 | ||||||
|
| |||||||
1,615,867 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 1.2% | ||||||||
Capri Holdings Ltd.* | 159 | 8,953 | ||||||
Columbia Sportswear Co. | 41 | 4,085 | ||||||
Hanesbrands, Inc. | 439 | 8,016 | ||||||
NIKE, Inc., Class B | 1,381 | 231,331 | ||||||
PVH Corp.* | 90 | 9,416 | ||||||
Ralph Lauren Corp. | 60 | 6,811 | ||||||
Tapestry, Inc.* | 353 | 14,932 | ||||||
Under Armour, Inc., Class A* | 140 | 2,863 | ||||||
VF Corp. | 410 | 32,882 | ||||||
|
| |||||||
319,289 | ||||||||
|
| |||||||
Tobacco — 1.1% | ||||||||
Altria Group, Inc. | 2,346 | 112,702 | ||||||
Philip Morris International, Inc. | 1,762 | 176,358 | ||||||
|
| |||||||
289,060 | ||||||||
|
| |||||||
Trading Companies & Distributors — 0.2% | ||||||||
United Rentals, Inc.* | 92 | 30,319 | ||||||
Univar Solutions, Inc.* | 208 | 5,104 | ||||||
WW Grainger, Inc. | 59 | 26,230 | ||||||
|
| |||||||
61,653 | ||||||||
|
| |||||||
Water Utilities — 0.2% | ||||||||
American Water Works Co., Inc. | 230 | 39,125 | ||||||
Essential Utilities, Inc. | 283 | 13,901 | ||||||
|
| |||||||
53,026 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.0%(a) | ||||||||
T-Mobile US, Inc.* | 21 | 3,024 | ||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 26,627,802 | ||||||
|
|
JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
PREFERRED STOCKS — 0.0%(a) |
| |||||||
Real Estate Management & Development — 0.0%(a) | ||||||||
Brookfield Property Preferred LP, 6.25%, 7/26/2081 ($25 par value) (Cost $80) | 3 | 82 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS — 0.3% |
| |||||||
INVESTMENT COMPANIES — 0.3% |
| |||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(b)(c) (Cost $75,487) | 75,487 | 75,487 | ||||||
|
| |||||||
Total Investments — 100.0% |
| 26,703,371 | ||||||
Other Assets Less Liabilities — 0.0%(a) |
| 12,378 | ||||||
|
| |||||||
Net Assets — 100.0% |
| 26,715,749 | ||||||
|
|
Percentages indicated are based on net assets.
(a) | Amount rounds to less than 0.1% of net assets. | |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(c) | The rate shown is the current yield as of July 31, 2021. | |
* | Non-income producing security. |
Futures contracts outstanding as of July 31, 2021:
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount ($) | Value and Unrealized Appreciation (Depreciation) ($) | |||||||||||||||
Long Contracts | ||||||||||||||||||||
Micro E-Mini S&P 500 Index | 3 | 09/2021 | USD | 65,835 | 1,037 | |||||||||||||||
|
|
Abbreviations
USD | United States Dollar |
JPMorgan Carbon Transition U.S. Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
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.
J.P. Morgan Investment Management Inc. (the “Administrator”) has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Fund’s investments. The Administrator implements the valuation policies of the Fund’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Fund. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.
Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.
Futures contracts are generally valued on the basis of available market quotations.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the Fund’s investments are summarized into the three broad levels listed below.
• | Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments. |
• | Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs. |
• | Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s assumptions in determining the fair value of investments). |
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”):
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |||||||||||||
Total Investments in Securities (a) | $ | 26,703,371 | $ | — | $ | — | $ | 26,703,371 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Appreciation in Other Financial Instruments |
| |||||||||||||||
Futures Contracts (a) | $ | 1,037 | $ | — | $ | — | $ | 1,037 | ||||||||
|
|
|
|
|
|
|
|
(a) | Please refer to the SOI for specifics of portfolio holdings. |
B. | Investment Transactions with Affiliates — The Fund invested in Underlying Fund, which is advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuer listed in the table below to be affiliated issuer. Underlying Fund’s distributions may be reinvested into such Underlying Fund. Reinvestment amounts are included in the purchases at cost amounts in the table below. |
For the period ended July 31, 2021 | ||||||||||||||||||||||||||||||||||||
Security Description | Value at December 9, 2020(a) | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation/ (Depreciation) | Value at July 31, 2021 | Shares at July 31, 2021 | Dividend Income | Capital Gain Distributions | |||||||||||||||||||||||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, | $ | — | $ | 465,914 | $ | 390,427 | $ | — | $ | — | $ | 75,487 | 75,487 | $ | 6 | $ | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) | Commencement of operations was December 9, 2020. |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. |
(c) | The rate shown is the current yield as of July 31, 2021. |