JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS — 99.5% |
| |||||||
Australia — 9.1% |
| |||||||
AGL Energy Ltd. | 393,384 | 2,083,218 | ||||||
Alumina Ltd. | 1,684,871 | 2,066,207 | ||||||
Ampol Ltd. | 95,545 | 1,989,072 | ||||||
Ansell Ltd. | 116,637 | 3,372,474 | ||||||
APA Group | 344,649 | 2,418,398 | ||||||
Aurizon Holdings Ltd. | 118,743 | 336,981 | ||||||
AusNet Services Ltd. | 1,139,667 | 1,524,168 | ||||||
Beach Energy Ltd. | 494,560 | 435,027 | ||||||
BHP Group Ltd. | 98,750 | 3,878,784 | ||||||
BHP Group plc | 120,993 | 3,917,311 | ||||||
Cochlear Ltd. | 525 | 94,982 | ||||||
Coles Group Ltd. | 206,968 | 2,663,583 | ||||||
Crown Resorts Ltd.* | 8,521 | 54,060 | ||||||
CSL Ltd. | 13,155 | 2,800,577 | ||||||
CSR Ltd. | 527,907 | 2,165,539 | ||||||
Dexus, REIT | 351,024 | 2,651,653 | ||||||
Endeavour Group Ltd.* | 38,494 | 187,290 | ||||||
Evolution Mining Ltd. | 444,088 | 1,350,595 | ||||||
Fortescue Metals Group Ltd. | 203,012 | 3,709,557 | ||||||
GPT Group (The), REIT | 715,040 | 2,451,661 | ||||||
Harvey Norman Holdings Ltd. | 456,200 | 1,905,283 | ||||||
JB Hi-Fi Ltd. | 32,956 | 1,163,797 | ||||||
Macquarie Group Ltd. | 2,538 | 293,059 | ||||||
Metcash Ltd. | 604,438 | 1,789,400 | ||||||
Mirvac Group, REIT | 864,030 | 1,813,514 | ||||||
Origin Energy Ltd. | 674,590 | 2,038,096 | ||||||
Ramsay Health Care Ltd. | 54,894 | 2,596,148 | ||||||
REA Group Ltd. | 10,563 | 1,258,305 | ||||||
Rio Tinto Ltd. | 37,934 | 3,717,909 | ||||||
Rio Tinto plc | 42,808 | 3,636,126 | ||||||
Santos Ltd. | 502,775 | 2,372,537 | ||||||
Sonic Healthcare Ltd. | 133,565 | 3,946,366 | ||||||
Tabcorp Holdings Ltd. | 642,618 | 2,345,625 | ||||||
Telstra Corp. Ltd. | 1,068,018 | 2,974,882 | ||||||
TPG Telecom Ltd. | 200,354 | 914,174 | ||||||
Vicinity Centres, REIT | 55,669 | 63,612 | ||||||
Wesfarmers Ltd. | 85,802 | 3,868,527 | ||||||
Woodside Petroleum Ltd. | 149,051 | 2,394,350 | ||||||
Woolworths Group Ltd. | 38,494 | 1,101,168 | ||||||
|
| |||||||
80,344,015 | ||||||||
|
| |||||||
Austria — 0.5% | ||||||||
Mondi plc | 111,527 | 3,091,947 | ||||||
OMV AG | 21,657 | 1,169,344 | ||||||
|
| |||||||
4,261,291 | ||||||||
|
| |||||||
Belgium — 0.6% | ||||||||
Etablissements Franz Colruyt NV | 28,477 | 1,619,136 | ||||||
Groupe Bruxelles Lambert SA | 12,276 | 1,428,303 | ||||||
Proximus SADP | 110,791 | 2,276,788 | ||||||
|
| |||||||
5,324,227 | ||||||||
|
| |||||||
Brazil — 0.3% | ||||||||
Yara International ASA | 53,189 | 2,803,408 | ||||||
|
| |||||||
Cambodia — 0.0%(a) | ||||||||
NagaCorp Ltd. | 280,000 | 205,723 | ||||||
|
| |||||||
Chile — 0.3% | ||||||||
Antofagasta plc | 143,610 | 2,981,809 | ||||||
|
| |||||||
China — 1.1% | ||||||||
Lenovo Group Ltd. | 2,688,000 | 2,506,513 | ||||||
Tingyi Cayman Islands Holding Corp. | 892,000 | 1,608,204 | ||||||
Uni-President China Holdings Ltd. | 835,000 | 839,560 | ||||||
Want Want China Holdings Ltd. | 2,479,000 | 1,673,341 | ||||||
Wilmar International Ltd. | 877,300 | 2,809,602 | ||||||
|
| |||||||
9,437,220 | ||||||||
|
| |||||||
Denmark — 0.9% | ||||||||
Carlsberg A/S, Class B | 9,155 | 1,691,711 | ||||||
DSV Panalpina A/S | 4,138 | 1,008,700 | ||||||
Genmab A/S* | 4,847 | 2,190,743 | ||||||
Novo Nordisk A/S, Class B | 31,210 | 2,889,152 | ||||||
|
| |||||||
7,780,306 | ||||||||
|
| |||||||
Finland — 2.3% | ||||||||
Elisa OYJ | 46,208 | 2,969,847 | ||||||
Fortum OYJ | 127,379 | 3,509,329 | ||||||
Kesko OYJ, Class B | 101,888 | 4,367,121 | ||||||
Neste OYJ | 48,951 | 3,009,060 | ||||||
Orion OYJ, Class B | 13,165 | 560,375 | ||||||
Stora Enso OYJ, Class R | 106,491 | 2,108,702 | ||||||
UPM-Kymmene OYJ | 87,202 | 3,563,548 | ||||||
|
| |||||||
20,087,982 | ||||||||
|
| |||||||
France — 3.6% | ||||||||
Air Liquide SA | 8,826 | 1,534,917 | ||||||
Arkema SA | 18,950 | 2,412,041 | ||||||
Atos SE | 19,560 | 935,413 | ||||||
Capgemini SE | 19,740 | 4,266,858 | ||||||
Covivio, REIT | 6,761 | 635,139 | ||||||
Eiffage SA | 26,534 | 2,705,001 | ||||||
Gecina SA, REIT | 18,252 | 2,894,605 | ||||||
Klepierre SA, REIT | 62,549 | 1,514,433 | ||||||
Orange SA | 123,790 | 1,377,677 | ||||||
Pernod Ricard SA | 16,214 | 3,578,539 | ||||||
TotalEnergies SE | 41,711 | 1,818,880 | ||||||
Unibail-Rodamco-Westfield, REIT* | 32,707 | 2,722,397 | ||||||
Vinci SA | 20,884 | 2,211,084 | ||||||
Vivendi SE(b) | 89,991 | 3,040,477 | ||||||
|
| |||||||
31,647,461 | ||||||||
|
| |||||||
Germany — 2.9% | ||||||||
Aroundtown SA | 93,974 | 735,542 | ||||||
Covestro AG(c) | 7,292 | 469,760 | ||||||
Daimler AG (Registered) | 24,935 | 2,225,188 | ||||||
Deutsche Telekom AG (Registered) | 172,330 | 3,576,567 | ||||||
Deutsche Wohnen SE | 36,489 | 2,278,087 | ||||||
Evonik Industries AG | 25,124 | 873,565 | ||||||
Fresenius Medical Care AG & Co. KGaA | 30,964 | 2,440,622 | ||||||
Hannover Rueck SE | 6,399 | 1,075,566 | ||||||
Hella GmbH & Co. KGaA*(b) | 13,745 | 962,289 | ||||||
Infineon Technologies AG | 8,975 | 342,972 | ||||||
LEG Immobilien SE | 5,803 | 917,146 | ||||||
Merck KGaA | 7,371 | 1,508,874 | ||||||
ProSiebenSat.1 Media SE | 73,402 | 1,394,561 |
JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
SAP SE | 19,433 | 2,788,858 | ||||||
Telefonica Deutschland Holding AG | 573,947 | 1,547,107 | ||||||
Uniper SE | 34,378 | 1,342,219 | ||||||
Vonovia SE | 15,876 | 1,057,007 | ||||||
|
| |||||||
25,535,930 | ||||||||
|
| |||||||
Hong Kong — 4.2% | ||||||||
ASM Pacific Technology Ltd. | 100,000 | 1,289,370 | ||||||
CK Asset Holdings Ltd. | 374,000 | 2,544,584 | ||||||
CK Infrastructure Holdings Ltd. | 446,000 | 2,692,451 | ||||||
CLP Holdings Ltd. | 361,000 | 3,722,426 | ||||||
Hong Kong & China Gas Co. Ltd. | 1,864,393 | 3,032,135 | ||||||
Hutchison Port Holdings Trust | 2,806,800 | 658,664 | ||||||
Hysan Development Co. Ltd. | 100,000 | 393,764 | ||||||
Link, REIT | 207,500 | 1,982,943 | ||||||
MTR Corp. Ltd. | 305,000 | 1,808,238 | ||||||
New World Development Co. Ltd. | 233,750 | 1,108,154 | ||||||
PCCW Ltd. | 4,163,000 | 2,180,702 | ||||||
Power Assets Holdings Ltd. | 501,500 | 3,242,295 | ||||||
Sun Hung Kai Properties Ltd. | 171,500 | 2,453,371 | ||||||
Techtronic Industries Co. Ltd. | 193,000 | 3,441,633 | ||||||
WH Group Ltd.(c) | 2,097,000 | 1,737,506 | ||||||
Xinyi Glass Holdings Ltd. | 964,000 | 3,602,816 | ||||||
Yue Yuen Industrial Holdings Ltd.* | 369,000 | 778,740 | ||||||
|
| |||||||
36,669,792 | ||||||||
|
| |||||||
Indonesia — 0.1% | ||||||||
First Pacific Co. Ltd. | 550,000 | 183,306 | ||||||
Golden Agri-Resources Ltd. | 4,680,500 | 792,609 | ||||||
|
| |||||||
975,915 | ||||||||
|
| |||||||
Ireland — 0.5% | ||||||||
CRH plc | 36,027 | 1,800,597 | ||||||
Flutter Entertainment plc* | 9,590 | 1,637,805 | ||||||
Smurfit Kappa Group plc | 19,436 | 1,096,463 | ||||||
|
| |||||||
4,534,865 | ||||||||
|
| |||||||
Italy — 1.5% | ||||||||
Banca Mediolanum SpA | 61,058 | 600,924 | ||||||
Davide Campari-Milano NV(b) | 147,810 | 2,077,993 | ||||||
Enel SpA | 83,784 | 772,115 | ||||||
Eni SpA | 4,234 | 50,070 | ||||||
Italgas SpA | 338,666 | 2,292,331 | ||||||
Poste Italiane SpA(c) | 120,125 | 1,589,553 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 26,830 | 1,659,481 | ||||||
Snam SpA | 356,722 | 2,157,752 | ||||||
Telecom Italia SpA | 3,556,913 | 1,557,616 | ||||||
Terna - Rete Elettrica Nazionale | 113,391 | 899,917 | ||||||
|
| |||||||
13,657,752 | ||||||||
|
| |||||||
Japan — 29.4% | ||||||||
Activia Properties, Inc., REIT | 207 | 940,296 | ||||||
Advance Residence Investment Corp., REIT(b) | 237 | 808,670 | ||||||
Advantest Corp. | 6,000 | 529,686 | ||||||
Aeon Co. Ltd. | 87,800 | 2,402,633 | ||||||
Aeon Mall Co. Ltd. | 43,600 | 664,557 | ||||||
Ajinomoto Co., Inc. | 112,800 | 2,873,797 | ||||||
Alfresa Holdings Corp. | 70,000 | 1,066,091 | ||||||
Anritsu Corp. | 81,800 | 1,429,669 | ||||||
Aozora Bank Ltd. | 10,100 | 227,331 | ||||||
Asahi Group Holdings Ltd. | 54,000 | 2,429,705 | ||||||
Astellas Pharma, Inc. | 141,300 | 2,250,539 | ||||||
Brother Industries Ltd. | 40,500 | 824,213 | ||||||
Canon Marketing Japan, Inc. | 57,800 | 1,294,676 | ||||||
Capcom Co. Ltd. | 73,900 | 2,031,943 | ||||||
Casio Computer Co. Ltd. | 46,000 | 749,755 | ||||||
Chubu Electric Power Co., Inc. | 278,200 | 3,338,560 | ||||||
Chugai Pharmaceutical Co. Ltd. | 67,100 | 2,472,671 | ||||||
Chugoku Electric Power Co., Inc. (The) | 145,000 | 1,310,727 | ||||||
COMSYS Holdings Corp. | 102,400 | 2,845,958 | ||||||
Cosmo Energy Holdings Co. Ltd. | 111,300 | 2,588,536 | ||||||
Cosmos Pharmaceutical Corp. | 17,500 | 2,970,670 | ||||||
CyberAgent, Inc. | 131,700 | 2,370,395 | ||||||
Dai Nippon Printing Co. Ltd. | 48,800 | 1,149,988 | ||||||
Daiichi Sankyo Co. Ltd. | 55,800 | 1,105,080 | ||||||
Daito Trust Construction Co. Ltd. | 16,300 | 1,915,086 | ||||||
Daiwa House REIT Investment Corp., REIT | 289 | 860,439 | ||||||
Daiwa Securities Group, Inc. | 456,900 | 2,402,538 | ||||||
Denka Co. Ltd. | 12,800 | 442,983 | ||||||
DIC Corp. | 45,400 | 1,226,891 | ||||||
Electric Power Development Co. Ltd. | 174,200 | 2,550,248 | ||||||
ENEOS Holdings, Inc. | 661,400 | 2,778,274 | ||||||
Fuji Media Holdings, Inc. | 17,300 | 187,686 | ||||||
FUJIFILM Holdings Corp. | 52,000 | 3,731,666 | ||||||
Fujitsu Ltd. | 18,800 | 3,198,452 | ||||||
Fukuoka Financial Group, Inc. | 23,300 | 392,724 | ||||||
GLP J-REIT, REIT | 620 | 1,110,524 | ||||||
Gunma Bank Ltd. (The) | 136,800 | 437,132 | ||||||
H.U. Group Holdings, Inc. | 18,400 | 477,670 | ||||||
Hachijuni Bank Ltd. (The) | 135,900 | 439,668 | ||||||
Hankyu Hanshin Holdings, Inc. | 33,400 | 987,664 | ||||||
Hikari Tsushin, Inc. | 13,000 | 2,250,699 | ||||||
Hoya Corp. | 9,200 | 1,298,761 | ||||||
Idemitsu Kosan Co. Ltd. | 34,637 | 815,350 | ||||||
Iida Group Holdings Co. Ltd. | 99,200 | 2,393,767 | ||||||
Industrial & Infrastructure Fund Investment Corp., REIT(b) | 273 | 529,151 | ||||||
Inpex Corp. | 357,400 | 2,534,882 | ||||||
ITOCHU Corp. | 93,300 | 2,761,609 | ||||||
Itochu Techno-Solutions Corp. | 33,100 | 1,015,363 | ||||||
Iwatani Corp. | 37,200 | 2,137,102 | ||||||
Japan Metropolitan Fund Invest, REIT | 1,664 | 1,743,099 | ||||||
Japan Post Holdings Co. Ltd.* | 277,200 | 2,352,996 | ||||||
Japan Post Insurance Co. Ltd. | 130,900 | 2,320,665 | ||||||
Japan Tobacco, Inc. | 163,100 | 3,187,023 | ||||||
Kajima Corp. | 122,300 | 1,574,343 | ||||||
Kaken Pharmaceutical Co. Ltd. | 16,000 | 708,210 | ||||||
Kaneka Corp. | 5,900 | 233,624 | ||||||
Kansai Electric Power Co., Inc. (The) | 278,300 | 2,625,170 | ||||||
KDDI Corp. | 106,100 | 3,244,920 | ||||||
Keisei Electric Railway Co. Ltd. | 600 | 17,870 | ||||||
Kikkoman Corp. | 25,700 | 1,573,790 | ||||||
Kinden Corp. | 60,000 | 972,976 | ||||||
Kirin Holdings Co. Ltd. | 54,900 | 1,004,165 | ||||||
K’s Holdings Corp. | 223,200 | 2,637,036 |
JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Kyowa Kirin Co. Ltd. | 29,300 | 953,749 | ||||||
Kyushu Electric Power Co., Inc. | 183,700 | 1,388,623 | ||||||
Lawson, Inc. | 15,700 | 789,084 | ||||||
Lintec Corp. | 52,600 | 1,146,688 | ||||||
Mani, Inc. | 32,900 | 702,240 | ||||||
Marubeni Corp. | 385,700 | 3,282,852 | ||||||
Matsui Securities Co. Ltd. | 74,600 | 536,094 | ||||||
Matsumotokiyoshi Holdings Co. Ltd. | 26,500 | 1,177,450 | ||||||
Mebuki Financial Group, Inc. | 165,400 | 353,991 | ||||||
Medipal Holdings Corp. | 102,100 | 1,922,871 | ||||||
MEIJI Holdings Co. Ltd. | 22,300 | 1,380,388 | ||||||
Mitsubishi Corp. | 31,200 | 875,122 | ||||||
Mitsubishi Estate Co. Ltd. | 145,100 | 2,276,173 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 145,600 | 3,032,979 | ||||||
Mitsubishi HC Capital, Inc. | 381,800 | 2,082,461 | ||||||
Mitsui & Co. Ltd. | 133,700 | 3,068,737 | ||||||
Mitsui Chemicals, Inc. | 49,700 | 1,584,879 | ||||||
Mitsui Fudosan Logistics Park, Inc., REIT | 106 | 593,264 | ||||||
Mochida Pharmaceutical Co. Ltd. | 68,700 | 2,256,895 | ||||||
Morinaga Milk Industry Co. Ltd. | 9,600 | 537,920 | ||||||
NH Foods Ltd. | 28,000 | 1,129,356 | ||||||
Nifco, Inc. | 8,700 | 289,161 | ||||||
Nintendo Co. Ltd. | 5,800 | 2,981,798 | ||||||
Nippo Corp. | 90,100 | 2,502,890 | ||||||
Nippon Electric Glass Co. Ltd. | 22,900 | 519,987 | ||||||
Nippon Express Co. Ltd. | 2,400 | 175,319 | ||||||
Nippon Paper Industries Co. Ltd. | 13,900 | 162,482 | ||||||
Nippon Prologis REIT, Inc., REIT | 115 | 384,050 | ||||||
Nippon Shokubai Co. Ltd. | 16,500 | 793,662 | ||||||
Nippon Telegraph & Telephone Corp. | 131,800 | 3,375,150 | ||||||
Nippon Yusen KK | 30,600 | 1,653,381 | ||||||
Nisshin Seifun Group, Inc. | 42,200 | 680,373 | ||||||
Nissin Foods Holdings Co. Ltd. | 32,400 | 2,305,596 | ||||||
Nitto Denko Corp. | 39,000 | 2,897,638 | ||||||
NOF Corp. | 9,600 | 488,298 | ||||||
Nomura Holdings, Inc. | 465,400 | 2,330,531 | ||||||
Nomura Real Estate Holdings, Inc. | 73,300 | 1,817,580 | ||||||
Nomura Research Institute Ltd. | 89,100 | 2,867,224 | ||||||
Obayashi Corp. | 119,100 | 973,911 | ||||||
Ono Pharmaceutical Co. Ltd. | 95,900 | 2,189,221 | ||||||
Open House Co. Ltd. | 64,400 | 3,256,049 | ||||||
ORIX Corp. | 154,400 | 2,701,291 | ||||||
Orix JREIT, Inc., REIT | 406 | 774,682 | ||||||
Osaka Gas Co. Ltd. | 147,400 | 2,753,832 | ||||||
Penta-Ocean Construction Co. Ltd. | 53,900 | 365,240 | ||||||
Pigeon Corp. | 27,900 | 803,331 | ||||||
Rakuten Group, Inc. | 214,100 | 2,355,970 | ||||||
Relo Group, Inc. | 22,700 | 500,963 | ||||||
RENOVA, Inc.* | 80,100 | 3,615,379 | ||||||
Resona Holdings, Inc. | 488,100 | 1,832,660 | ||||||
Rinnai Corp. | 5,000 | 464,498 | ||||||
Sankyo Co. Ltd. | 29,500 | 736,209 | ||||||
Sawai Group Holdings Co. Ltd. | 26,600 | 1,139,309 | ||||||
SBI Holdings, Inc. | 67,700 | 1,620,600 | ||||||
SCSK Corp. | 17,100 | 1,030,616 | ||||||
Sekisui Chemical Co. Ltd. | 53,100 | 916,265 | ||||||
Sekisui House Ltd.(b) | 62,800 | 1,243,785 | ||||||
Sekisui House Reit, Inc., REIT | 611 | 538,256 | ||||||
Shimamura Co. Ltd. | 8,900 | 860,325 | ||||||
Shionogi & Co. Ltd. | 44,400 | 2,338,312 | ||||||
Ship Healthcare Holdings, Inc. | 20,400 | 514,443 | ||||||
SKY Perfect JSAT Holdings, Inc. | 208,600 | 789,186 | ||||||
Skylark Holdings Co. Ltd.* | 69,000 | 929,361 | ||||||
SoftBank Corp. | 205,600 | 2,685,385 | ||||||
SoftBank Group Corp. | 37,200 | 2,339,346 | ||||||
Sojitz Corp. | 793,700 | 2,428,157 | ||||||
Sony Group Corp. | 32,300 | 3,374,268 | ||||||
Sugi Holdings Co. Ltd. | 35,700 | 2,634,536 | ||||||
Sumitomo Chemical Co. Ltd. | 433,600 | 2,257,113 | ||||||
Sumitomo Dainippon Pharma Co. Ltd. | 82,100 | 1,421,585 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 58,100 | 1,958,498 | ||||||
Sumitomo Realty & Development Co. Ltd. | 53,500 | 1,743,738 | ||||||
Suzuken Co. Ltd. | 22,400 | 646,414 | ||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 7,300 | 408,822 | ||||||
Takeda Pharmaceutical Co. Ltd. | 67,800 | 2,256,827 | ||||||
TDK Corp. | 12,100 | 1,380,611 | ||||||
Teijin Ltd. | 81,400 | 1,225,638 | ||||||
TIS, Inc. | 5,600 | 145,243 | ||||||
Tobu Railway Co. Ltd. | 18,000 | 468,072 | ||||||
Toho Gas Co. Ltd. | 47,300 | 2,299,138 | ||||||
Tohoku Electric Power Co., Inc. | 282,300 | 2,138,771 | ||||||
Tokuyama Corp. | 67,200 | 1,423,070 | ||||||
Tokyo Century Corp. | 7,500 | 412,748 | ||||||
Tokyo Electric Power Co. Holdings, Inc.* | 447,800 | 1,193,475 | ||||||
Tokyo Electron Ltd. | 8,200 | 3,381,889 | ||||||
Tokyo Gas Co. Ltd. | 127,900 | 2,420,984 | ||||||
Tokyo Tatemono Co. Ltd. | 34,600 | 520,553 | ||||||
Tosoh Corp. | 102,200 | 1,793,515 | ||||||
Toyo Suisan Kaisha Ltd. | 60,800 | 2,321,182 | ||||||
Toyota Industries Corp. | 24,000 | 2,013,242 | ||||||
Tsumura & Co. | 60,900 | 1,921,028 | ||||||
Tsuruha Holdings, Inc. | 11,900 | 1,404,972 | ||||||
Ube Industries Ltd. | 81,700 | 1,640,905 | ||||||
Unicharm Corp. | 60,700 | 2,436,336 | ||||||
USS Co. Ltd. | 64,700 | 1,126,294 | ||||||
Welcia Holdings Co. Ltd. | 59,200 | 2,015,151 | ||||||
Yamada Holdings Co. Ltd. | 428,200 | 2,023,011 | ||||||
Yamaguchi Financial Group, Inc. | 7,700 | 44,266 | ||||||
Yamaha Motor Co. Ltd. | 33,800 | 846,375 | ||||||
Yokohama Rubber Co. Ltd. (The) | 71,500 | 1,427,744 | ||||||
Zeon Corp. | 68,100 | 930,469 | ||||||
|
| |||||||
259,398,363 | ||||||||
|
| |||||||
Jordan — 0.4% | ||||||||
Hikma Pharmaceuticals plc | 92,018 | 3,383,633 | ||||||
|
| |||||||
Luxembourg — 0.1% | ||||||||
RTL Group SA | 22,409 | 1,268,646 | ||||||
|
| |||||||
Netherlands — 2.7% | ||||||||
ASR Nederland NV | 29,425 | 1,209,269 |
JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Heineken Holding NV | 24,137 | 2,374,428 | ||||||
Koninklijke Ahold Delhaize NV | 97,678 | 3,036,308 | ||||||
Koninklijke DSM NV | 7,302 | 1,471,949 | ||||||
Koninklijke KPN NV | 1,096,296 | 3,597,356 | ||||||
Koninklijke Philips NV | 55,171 | 2,543,907 | ||||||
NN Group NV | 71,587 | 3,559,047 | ||||||
Royal Dutch Shell plc, Class A | 166,938 | 3,355,611 | ||||||
Wolters Kluwer NV | 25,665 | 2,925,898 | ||||||
|
| |||||||
24,073,773 | ||||||||
|
| |||||||
New Zealand — 0.8% | ||||||||
Fisher & Paykel Healthcare Corp. Ltd. | 150,712 | 3,317,457 | ||||||
Spark New Zealand Ltd. | 957,487 | 3,160,443 | ||||||
Xero Ltd.* | 9,651 | 1,001,314 | ||||||
|
| |||||||
7,479,214 | ||||||||
|
| |||||||
Norway — 0.7% | ||||||||
Aker BP ASA | 419 | 11,287 | ||||||
Equinor ASA | 86,504 | 1,685,028 | ||||||
Mowi ASA | 36,752 | 936,433 | ||||||
Orkla ASA | 201,924 | 1,833,956 | ||||||
Salmar ASA | 15,658 | 1,038,624 | ||||||
Telenor ASA | 63,774 | 1,107,253 | ||||||
|
| |||||||
6,612,581 | ||||||||
|
| |||||||
Portugal — 0.5% | ||||||||
EDP - Energias de Portugal SA | 665,015 | 3,449,418 | ||||||
Galp Energia SGPS SA | 7,358 | 71,753 | ||||||
Jeronimo Martins SGPS SA | 60,312 | 1,228,787 | ||||||
|
| |||||||
4,749,958 | ||||||||
|
| |||||||
Russia — 0.7% | ||||||||
Coca-Cola HBC AG* | 53,534 | 2,021,597 | ||||||
Evraz plc | 394,172 | 3,367,754 | ||||||
Polymetal International plc | 30,588 | 664,661 | ||||||
|
| |||||||
6,054,012 | ||||||||
|
| |||||||
Singapore — 2.2% | ||||||||
Ascendas, REIT | 653,142 | 1,503,038 | ||||||
CapitaLand Integrated Commercial Trust, REIT | 680,808 | 1,078,792 | ||||||
ComfortDelGro Corp. Ltd. | 187,600 | 217,637 | ||||||
DBS Group Holdings Ltd. | 109,200 | 2,443,498 | ||||||
Keppel Corp. Ltd. | 432,300 | 1,747,698 | ||||||
Keppel DC, REIT | 280,800 | 546,689 | ||||||
Mapletree Commercial Trust, REIT | 845,200 | 1,345,615 | ||||||
Mapletree Industrial Trust, REIT | 284,900 | 630,816 | ||||||
Mapletree Logistics Trust, REIT | 510,800 | 795,301 | ||||||
Mapletree North Asia Commercial Trust, REIT(c) | 513,400 | 382,792 | ||||||
Sembcorp Industries Ltd. | 1,590,300 | 2,453,117 | ||||||
Singapore Press Holdings Ltd. | 192,200 | 266,674 | ||||||
Singapore Telecommunications Ltd. | 1,497,900 | 2,510,613 | ||||||
Suntec, REIT | 647,100 | 696,371 | ||||||
Venture Corp. Ltd. | 204,500 | 2,868,492 | ||||||
|
| |||||||
19,487,143 | ||||||||
|
| |||||||
South Africa — 0.3% | ||||||||
Anglo American plc | 49,666 | 2,200,898 | ||||||
|
| |||||||
South Korea — 8.4% | ||||||||
CJ CheilJedang Corp. | 6,318 | 2,568,594 | ||||||
DL Holdings Co. Ltd. | 10,935 | 751,414 | ||||||
GS Engineering & Construction Corp. | 49,317 | 1,891,516 | ||||||
GS Holdings Corp. | 4,838 | 180,120 | ||||||
GS Retail Co. Ltd. | 34,333 | 1,054,453 | ||||||
Hana Financial Group, Inc. | 74,954 | 2,827,913 | ||||||
Hanwha Corp. | 23,090 | 599,929 | ||||||
Hanwha Life Insurance Co. Ltd. | 350,494 | 1,035,318 | ||||||
Hite Jinro Co. Ltd. | 76,350 | 2,288,596 | ||||||
Hyundai Department Store Co. Ltd. | 4,467 | 311,173 | ||||||
Hyundai Mobis Co. Ltd. | 5,699 | 1,324,078 | ||||||
Industrial Bank of Korea | 151,703 | 1,357,326 | ||||||
Kakao Corp. | 32,787 | 4,197,229 | ||||||
KB Financial Group, Inc. | 63,573 | 2,823,652 | ||||||
Kia Corp. | 42,281 | 3,087,809 | ||||||
Korea Electric Power Corp. | 116,191 | 2,518,402 | ||||||
Korea Gas Corp.* | 61,520 | 1,925,871 | ||||||
Korea Investment Holdings Co. Ltd. | 17,817 | 1,488,717 | ||||||
KT&G Corp. | 35,886 | 2,569,072 | ||||||
LG Corp. | 39,504 | 3,237,615 | ||||||
LG Household & Health Care Ltd. | 1,582 | 2,006,640 | ||||||
LG Uplus Corp. | 196,378 | 2,486,930 | ||||||
LX Holdings Corp.* | 18,565 | 168,663 | ||||||
Mirae Asset Securities Co. Ltd. | 121,877 | 948,092 | ||||||
NAVER Corp. | 9,360 | 3,527,800 | ||||||
NH Investment & Securities Co. Ltd. | 44,000 | 486,637 | ||||||
NongShim Co. Ltd. | 1,648 | 471,261 | ||||||
Orion Corp. | 13,773 | 1,407,838 | ||||||
POSCO | 9,783 | 3,111,550 | ||||||
Samsung Electronics Co. Ltd. | 53,502 | 3,656,134 | ||||||
Samsung Life Insurance Co. Ltd. | 25,264 | 1,657,727 | ||||||
Samsung Securities Co. Ltd. | 19,855 | 764,939 | ||||||
SK Hynix, Inc. | 23,748 | 2,324,843 | ||||||
SK Innovation Co. Ltd.* | 14,850 | 3,276,217 | ||||||
SK Telecom Co. Ltd. | 11,771 | 3,083,226 | ||||||
SKC Co. Ltd. | 3,237 | 456,330 | ||||||
S-Oil Corp. | 11,881 | 1,014,454 | ||||||
Woori Financial Group, Inc. | 246,216 | 2,321,429 | ||||||
Yuhan Corp. | 60,399 | 3,237,880 | ||||||
|
| |||||||
74,447,387 | ||||||||
|
| |||||||
Spain — 1.5% | ||||||||
Acciona SA | 10,400 | 1,594,459 | ||||||
Enagas SA | 100,645 | 2,311,568 | ||||||
Endesa SA | 123,274 | 2,994,404 | ||||||
Ferrovial SA | 145 | 4,303 | ||||||
Iberdrola SA | 242,985 | 2,924,347 | ||||||
Naturgy Energy Group SA | 107,727 | 2,780,437 | ||||||
Siemens Gamesa Renewable Energy SA* | 24,660 | 687,739 | ||||||
|
| |||||||
13,297,257 | ||||||||
|
| |||||||
Sweden — 4.5% | ||||||||
Boliden AB* | 85,891 | 3,347,343 | ||||||
Castellum AB | 87,398 | 2,447,765 | ||||||
Fastighets AB Balder, Class B* | 11,755 | 811,195 | ||||||
H & M Hennes & Mauritz AB, Class B* | 142,388 | 2,976,867 | ||||||
Hexagon AB, Class B | 246,491 | 4,080,313 | ||||||
Husqvarna AB, Class B | 57,802 | 808,860 | ||||||
ICA Gruppen AB | 55,120 | 2,724,497 |
JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Investor AB, Class B | 154,073 | 3,815,544 | ||||||
Kinnevik AB, Class B* | 57,216 | 2,494,378 | ||||||
Securitas AB, Class B | 158,732 | 2,798,990 | ||||||
Skanska AB, Class B(b) | 118,674 | 3,350,128 | ||||||
Swedish Match AB | 388,967 | 3,483,189 | ||||||
Tele2 AB, Class B | 148,699 | 2,184,242 | ||||||
Telia Co. AB | 666,471 | 2,923,349 | ||||||
Trelleborg AB, Class B | 49,331 | 1,219,444 | ||||||
|
| |||||||
39,466,104 | ||||||||
|
| |||||||
Switzerland — 2.1% | ||||||||
Baloise Holding AG (Registered) | 3,681 | 580,385 | ||||||
EMS-Chemie Holding AG (Registered) | 356 | 394,647 | ||||||
Kuehne + Nagel International AG (Registered) | 4,038 | 1,362,151 | ||||||
Logitech International SA (Registered) | 26,682 | 2,931,538 | ||||||
Novartis AG (Registered) | 29,151 | 2,695,839 | ||||||
Roche Holding AG | 7,989 | 3,086,248 | ||||||
Sonova Holding AG (Registered) | 10,314 | 4,049,637 | ||||||
Swisscom AG (Registered) | 5,323 | 3,199,133 | ||||||
|
| |||||||
18,299,578 | ||||||||
|
| |||||||
United Kingdom — 16.4% | ||||||||
3i Group plc | 201,372 | 3,579,022 | ||||||
Abrdn plc | 401,977 | 1,585,773 | ||||||
Admiral Group plc | 81,202 | 3,835,862 | ||||||
Ashmore Group plc | 155,835 | 822,959 | ||||||
Ashtead Group plc | 49,820 | 3,728,001 | ||||||
Associated British Foods plc | 81,006 | 2,252,522 | ||||||
AstraZeneca plc | 33,737 | 3,876,715 | ||||||
Auto Trader Group plc*(c) | 441,099 | 3,996,425 | ||||||
AVEVA Group plc | 58,371 | 3,184,843 | ||||||
Aviva plc | 324,362 | 1,742,031 | ||||||
B&M European Value Retail SA | 315,601 | 2,424,711 | ||||||
Barratt Developments plc | 54,296 | 530,617 | ||||||
Bellway plc | 23,596 | 1,077,331 | ||||||
Berkeley Group Holdings plc | 31,501 | 2,120,897 | ||||||
BP plc | 522,447 | 2,097,114 | ||||||
British American Tobacco plc | 89,169 | 3,316,407 | ||||||
British Land Co. plc (The), REIT | 233,249 | 1,651,387 | ||||||
BT Group plc* | 1,288,189 | 3,102,907 | ||||||
Centrica plc* | 3,176,717 | 2,004,600 | ||||||
CK Hutchison Holdings Ltd. | 105,042 | 767,469 | ||||||
ConvaTec Group plc(c) | 899,413 | 2,961,686 | ||||||
Croda International plc | 34,649 | 4,056,053 | ||||||
Derwent London plc, REIT | 52,617 | 2,653,070 | ||||||
Diageo plc | 78,324 | 3,883,794 | ||||||
Direct Line Insurance Group plc | 499,501 | 2,064,801 | ||||||
GlaxoSmithKline plc | 113,414 | 2,239,226 | ||||||
Halma plc | 46,915 | 1,883,214 | ||||||
IMI plc | 80,126 | 1,960,275 | ||||||
Imperial Brands plc | 125,443 | 2,685,773 | ||||||
Informa plc* | 56,104 | 385,508 | ||||||
InterContinental Hotels Group plc* | 15,962 | 1,054,188 | ||||||
Intertek Group plc | 22,965 | 1,645,348 | ||||||
J Sainsbury plc | 524,122 | 2,063,903 | ||||||
Johnson Matthey plc | 41,450 | 1,713,306 | ||||||
Land Securities Group plc, REIT | 171,413 | 1,687,111 | ||||||
Legal & General Group plc | 915,626 | 3,316,826 | ||||||
London Stock Exchange Group plc | 437 | 45,567 | ||||||
M&G plc | 306,157 | 958,651 | ||||||
National Grid plc | 105,888 | 1,353,896 | ||||||
Next plc* | 26,000 | 2,848,133 | ||||||
Ocado Group plc* | 67,083 | 1,728,562 | ||||||
Pearson plc | 278,784 | 3,359,478 | ||||||
Pennon Group plc | 118,892 | 2,109,681 | ||||||
Persimmon plc | 41,610 | 1,678,448 | ||||||
Phoenix Group Holdings plc | 236,959 | 2,233,062 | ||||||
Reckitt Benckiser Group plc | 33,991 | 2,600,300 | ||||||
Rentokil Initial plc | 286,958 | 2,260,507 | ||||||
Rightmove plc | 208,036 | 2,029,277 | ||||||
Sage Group plc (The) | 322,946 | 3,147,878 | ||||||
Schroders plc | 9,031 | 458,632 | ||||||
Segro plc, REIT | 242,693 | 4,102,539 | ||||||
Severn Trent plc | 47,923 | 1,862,841 | ||||||
Smiths Group plc | 55,875 | 1,207,256 | ||||||
Spirax-Sarco Engineering plc | 13,033 | 2,715,407 | ||||||
SSE plc | 152,173 | 3,050,989 | ||||||
St. James’s Place plc | 51,634 | 1,137,599 | ||||||
Tate & Lyle plc | 275,016 | 2,821,342 | ||||||
Taylor Wimpey plc | 197,466 | 451,460 | ||||||
Tesco plc | 886,823 | 2,871,003 | ||||||
Unilever plc | 48,043 | 2,764,948 | ||||||
Unilever plc | 15,817 | 911,690 | ||||||
United Utilities Group plc | 237,820 | 3,541,016 | ||||||
Vodafone Group plc | 1,241,849 | 1,996,833 | ||||||
Wm Morrison Supermarkets plc | 1,079,138 | 4,014,005 | ||||||
WPP plc | 20,250 | 261,894 | ||||||
|
| |||||||
144,474,569 | ||||||||
|
| |||||||
United States — 0.9% | ||||||||
Avast plc(c) | 405,231 | 3,265,666 | ||||||
Ferguson plc | 25,935 | 3,635,804 | ||||||
Schneider Electric SE | 7,317 | 1,225,513 | ||||||
|
| |||||||
8,126,983 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 879,067,795 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||
INVESTMENT COMPANIES — 0.1% | ||||||||
JPMorgan Prime Money Market Fund Class IM Shares, 0.07%(d)(e)(Cost $1,037,596) | 1,037,078 | 1,037,596 | ||||||
|
| |||||||
INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 0.9% | ||||||||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.08%(d)(e) | 7,757,673 | 7,757,673 |
JPMorgan Diversified Return International Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(d)(e) | 578,323 | 578,323 | ||||||
|
| |||||||
TOTAL INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED |
| 8,335,996 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS | 9,373,592 | |||||||
|
| |||||||
Total Investments — 100.5% |
| 888,441,387 | ||||||
Liabilities in Excess of Other Assets — (0.5)% |
| (4,851,682 | ) | |||||
|
| |||||||
Net Assets — 100.0% |
| 883,589,705 | ||||||
|
|
Percentages indicated are based on net assets.
Summary of Investments by Industry, July 31, 2021
The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:
INDUSTRY | PERCENT OF TOTAL INVESTMENTS | |||
Electric Utilities | 5.3 | % | ||
Pharmaceuticals | 5.2 | |||
Diversified Telecommunication Services | 5.0 | |||
Food & Staples Retailing | 4.7 | |||
Equity Real Estate Investment Trusts (REITs) | 4.7 | |||
Metals & Mining | 4.3 | |||
Chemicals | 4.2 | |||
Oil, Gas & Consumable Fuels | 4.0 | |||
Food Products | 4.0 | |||
Insurance | 3.2 | |||
Gas Utilities | 2.7 | |||
Real Estate Management & Development | 2.7 | |||
Beverages | 2.4 | |||
Construction & Engineering | 2.3 | |||
Trading Companies & Distributors | 2.2 | |||
Household Durables | 2.1 | |||
Capital Markets | 2.1 | |||
Health Care Equipment & Supplies | 2.1 | |||
Banks | 2.0 | |||
Wireless Telecommunication Services | 1.8 | |||
Tobacco | 1.7 | |||
Interactive Media & Services | 1.7 | |||
Diversified Financial Services | 1.7 | |||
Technology Hardware, Storage & Peripherals | 1.5 | |||
Health Care Providers & Services | 1.5 | |||
IT Services | 1.5 | |||
Electronic Equipment, Instruments & Components | 1.5 | |||
Software | 1.5 | |||
Specialty Retail | 1.5 | |||
Multiline Retail | 1.3 | |||
Media | 1.2 | |||
Machinery | 1.1 | |||
Paper & Forest Products | 1.0 | |||
Others (each less than 1.0%) | 13.2 | |||
Short-Term Investments | 1.1 |
Abbreviations | ||
OYJ | Public Limited Company | |
REIT | Real Estate Investment Trust | |
SGPS | Holding company |
(a) | Amount rounds to less than 0.1% of net assets. | |
(b) | The security or a portion of this security is on loan at July 31, 2021. The total value of securities on loan at July 31, 2021 is $5,110,490. | |
(c) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. | |
(d) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(e) | The rate shown is the current yield as of July 31, 2021. | |
* | Non-income producing security. |
Futures contracts outstanding as of July 31, 2021:
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount ($) | Value and Unrealized Appreciation (Depreciation) ($) | |||||||||||||||
Long Contracts |
| |||||||||||||||||||
MSCI EAFE E-Mini Index | 34 | 09/2021 | USD | 3,944,340 | 40,765 | |||||||||||||||
|
|
Abbreviations | ||
EAFE | Europe, Australasia, and Far East | |
MSCI | Morgan Stanley Capital International | |
USD | United States Dollar |
JPMorgan Diversified Return International 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.
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 NAVs are calculated.
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:
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |||||||||||||
Investments in Securities |
| |||||||||||||||
Common Stocks | ||||||||||||||||
Australia | $ | 187,290 | $ | 80,156,725 | $ | — | $ | 80,344,015 | ||||||||
Austria | — | 4,261,291 | — | 4,261,291 | ||||||||||||
Belgium | — | 5,324,227 | — | 5,324,227 | ||||||||||||
Brazil | — | 2,803,408 | — | 2,803,408 | ||||||||||||
Cambodia | — | 205,723 | — | 205,723 | ||||||||||||
Chile | — | 2,981,809 | — | 2,981,809 | ||||||||||||
China | — | 9,437,220 | — | 9,437,220 | ||||||||||||
Denmark | — | 7,780,306 | — | 7,780,306 | ||||||||||||
Finland | — | 20,087,982 | — | 20,087,982 | ||||||||||||
France | — | 31,647,461 | — | 31,647,461 | ||||||||||||
Germany | — | 25,535,930 | — | 25,535,930 | ||||||||||||
Hong Kong | 393,764 | 36,276,028 | — | 36,669,792 | ||||||||||||
Indonesia | 183,306 | 792,609 | — | 975,915 | ||||||||||||
Ireland | — | 4,534,865 | — | 4,534,865 | ||||||||||||
Italy | — | 13,657,752 | — | 13,657,752 | ||||||||||||
Japan | 1,703,788 | 257,694,575 | — | 259,398,363 | ||||||||||||
Jordan | — | 3,383,633 | — | 3,383,633 | ||||||||||||
Luxembourg | — | 1,268,646 | — | 1,268,646 | ||||||||||||
Netherlands | — | 24,073,773 | — | 24,073,773 | ||||||||||||
New Zealand | — | 7,479,214 | — | 7,479,214 | ||||||||||||
Norway | — | 6,612,581 | — | 6,612,581 | ||||||||||||
Portugal | 1,228,787 | 3,521,171 | — | 4,749,958 | ||||||||||||
Russia | — | 6,054,012 | — | 6,054,012 | ||||||||||||
Singapore | — | 19,487,143 | — | 19,487,143 | ||||||||||||
South Africa | — | 2,200,898 | — | 2,200,898 | ||||||||||||
South Korea | 2,175,303 | 72,272,084 | — | 74,447,387 | ||||||||||||
Spain | — | 13,297,257 | — | 13,297,257 | ||||||||||||
Sweden | 6,804,810 | 32,661,294 | — | 39,466,104 | ||||||||||||
Switzerland | — | 18,299,578 | — | 18,299,578 | ||||||||||||
United Kingdom | 7,887,381 | 136,587,188 | — | 144,474,569 | ||||||||||||
United States | — | 8,126,983 | — | 8,126,983 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 20,564,429 | 858,503,366 | — | 879,067,795 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Investments | ||||||||||||||||
Investment Companies | 1,037,596 | — | — | 1,037,596 | ||||||||||||
Investment of Cash Collateral from Securities Loaned | 8,335,996 | — | — | 8,335,996 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Short-Term Investments | 9,373,592 | — | — | 9,373,592 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | $ | 29,938,021 | $ | 858,503,366 | $ | — | $ | 888,441,387 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Appreciation in Other Financial Instruments | ||||||||||||||||
Futures Contracts | $ | 40,765 | $ | — | $ | — | $ | 40,765 | ||||||||
|
|
|
|
|
|
|
|
B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds, which are 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. 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, 2021 | ||||||||||||||||||||||||||||||||||||
Security Description | Value at October 31, 2020 | 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 Prime Money Market Fund Class IM Shares, | $ | 209,263 | $ | 40,318,013 | $ | 39,488,926 | $ | (775 | ) | $ | 21 | $ | 1,037,596 | 1,037,078 | $ | 874 | $ | — | ||||||||||||||||||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, | 2,258,649 | 82,000,000 | 76,500,000 | (1,152 | ) | 176 | 7,757,673 | 7,757,673 | 6,411 | — | ||||||||||||||||||||||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, | 1,193,251 | 68,141,185 | 68,756,113 | — | — | 578,323 | 578,323 | 493 | — | |||||||||||||||||||||||||||
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Total | $ | 3,661,163 | $ | 190,459,198 | $ | 184,745,039 | $ | (1,927 | ) | $ | 197 | $ | 9,373,592 | $ | 7,778 | $ | — | |||||||||||||||||||
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(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. |
(b) | The rate shown is the current yield as of July 31, 2021. |