JPMorgan BetaBuilders Japan ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS — 99.3% |
| |||||||
Air Freight & Logistics — 0.5% |
| |||||||
SG Holdings Co. Ltd. | 994,800 | 26,749,226 | ||||||
Yamato Holdings Co. Ltd. | 709,800 | 20,456,536 | ||||||
|
| |||||||
47,205,762 | ||||||||
|
| |||||||
Airlines — 0.2% |
| |||||||
ANA Holdings, Inc.* | 313,900 | 7,355,678 | ||||||
Japan Airlines Co. Ltd.* | 284,500 | 5,931,088 | ||||||
|
| |||||||
13,286,766 | ||||||||
|
| |||||||
Auto Components — 2.8% |
| |||||||
Aisin Corp. | 360,100 | 14,578,262 | ||||||
Bridgestone Corp. | 1,204,700 | 53,072,921 | ||||||
Denso Corp. | 1,021,500 | 70,178,244 | ||||||
JTEKT Corp. | 485,000 | 4,608,031 | ||||||
Koito Manufacturing Co. Ltd. | 252,100 | 15,428,665 | ||||||
NGK Spark Plug Co. Ltd. | 336,100 | 4,949,804 | ||||||
Stanley Electric Co. Ltd. | 300,300 | 7,835,712 | ||||||
Sumitomo Electric Industries Ltd. | 1,560,000 | 22,162,477 | ||||||
Sumitomo Rubber Industries Ltd. | 367,800 | 4,950,269 | ||||||
Toyoda Gosei Co. Ltd. | 146,000 | 3,431,834 | ||||||
Toyota Boshoku Corp. | 169,100 | 3,411,358 | ||||||
Toyota Industries Corp. | 402,900 | 33,797,298 | ||||||
Yokohama Rubber Co. Ltd. (The) | 262,100 | 5,233,731 | ||||||
|
| |||||||
243,638,606 | ||||||||
|
| |||||||
Automobiles — 7.9% |
| |||||||
Honda Motor Co. Ltd. | 3,380,300 | 108,568,041 | ||||||
Isuzu Motors Ltd. | 1,223,000 | 16,314,442 | ||||||
Mazda Motor Corp.* | 1,179,000 | 11,630,724 | ||||||
Mitsubishi Motors Corp.* | 1,346,200 | 3,782,454 | ||||||
Nissan Motor Co. Ltd.* | 4,725,400 | 27,425,471 | ||||||
Subaru Corp. | 1,207,700 | 23,727,655 | ||||||
Suzuki Motor Corp. | 963,900 | 39,216,748 | ||||||
Toyota Motor Corp. | 5,000,500 | 448,922,265 | ||||||
Yamaha Motor Co. Ltd. | 619,500 | 15,512,706 | ||||||
|
| |||||||
695,100,506 | ||||||||
|
| |||||||
Banks — 4.5% |
| |||||||
Aozora Bank Ltd. | 232,500 | 5,233,104 | ||||||
Bank of Kyoto Ltd. (The) | 149,300 | 6,429,514 | ||||||
Chiba Bank Ltd. (The) | 1,459,000 | 8,299,784 | ||||||
Concordia Financial Group Ltd. | 2,375,400 | 8,503,428 | ||||||
Fukuoka Financial Group, Inc. | 376,100 | 6,339,214 | ||||||
Mebuki Financial Group, Inc. | 2,317,500 | 4,959,936 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 25,349,600 | 133,913,872 | ||||||
Mizuho Financial Group, Inc. | 4,989,400 | 71,296,591 | ||||||
Resona Holdings, Inc. | 4,688,700 | 17,604,573 | ||||||
Seven Bank Ltd. | 1,435,500 | 3,131,471 | ||||||
Shinsei Bank Ltd. | 320,300 | 4,236,399 | ||||||
Shizuoka Bank Ltd. (The) | 1,110,200 | 8,017,492 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 2,698,100 | 90,950,479 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 736,100 | 24,163,113 | ||||||
|
| |||||||
393,078,970 | ||||||||
|
| |||||||
Beverages — 1.0% |
| |||||||
Asahi Group Holdings Ltd. | 946,000 | 42,564,823 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. | 296,400 | 4,837,012 | ||||||
Kirin Holdings Co. Ltd. | 1,706,400 | 31,211,424 | ||||||
Suntory Beverage & Food Ltd. | 248,400 | 8,709,515 | ||||||
|
| |||||||
87,322,774 | ||||||||
|
| |||||||
Biotechnology — 0.1% |
| |||||||
PeptiDream, Inc.* | 194,300 | 8,019,099 | ||||||
|
| |||||||
Building Products — 1.9% |
| |||||||
AGC, Inc. | 447,600 | 19,140,781 | ||||||
Daikin Industries Ltd. | 574,900 | 120,057,939 | ||||||
Lixil Corp. | 571,600 | 15,599,013 | ||||||
TOTO Ltd. | 312,900 | 16,223,928 | ||||||
|
| |||||||
171,021,661 | ||||||||
|
| |||||||
Capital Markets — 0.9% |
| |||||||
Daiwa Securities Group, Inc. | 2,971,500 | 15,625,172 | ||||||
Japan Exchange Group, Inc. | 1,052,400 | 23,936,866 | ||||||
Nomura Holdings, Inc. | 5,527,900 | 27,681,438 | ||||||
SBI Holdings, Inc. | 480,300 | 11,497,401 | ||||||
|
| |||||||
78,740,877 | ||||||||
|
| |||||||
Chemicals — 4.6% |
| |||||||
Air Water, Inc. | 452,000 | 6,757,042 | ||||||
Asahi Kasei Corp. | 2,738,600 | 29,864,208 | ||||||
Daicel Corp. | 559,000 | 4,642,578 | ||||||
DIC Corp. | 162,400 | 4,388,701 | ||||||
JSR Corp. | 420,900 | 14,108,565 | ||||||
Kaneka Corp. | 134,400 | 5,321,867 | ||||||
Kansai Paint Co. Ltd. | 507,400 | 12,461,446 | ||||||
Kuraray Co. Ltd. | 697,400 | 6,475,770 | ||||||
Mitsubishi Chemical Holdings Corp. | 2,780,200 | 23,328,391 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 407,400 | 8,486,509 | ||||||
Mitsui Chemicals, Inc. | 401,600 | 12,806,589 | ||||||
Nippon Paint Holdings Co. Ltd. | 2,840,000 | 36,250,289 | ||||||
Nippon Sanso Holdings Corp. | 416,000 | 9,208,594 | ||||||
Nissan Chemical Corp. | 284,000 | 13,919,885 | ||||||
Nitto Denko Corp. | 294,900 | 21,910,605 | ||||||
Shin-Etsu Chemical Co. Ltd. | 777,800 | 126,881,947 | ||||||
Showa Denko KK | 294,800 | 8,458,926 | ||||||
Sumitomo Chemical Co. Ltd. | 3,250,800 | 16,922,099 | ||||||
Teijin Ltd. | 389,000 | 5,857,164 | ||||||
Toray Industries, Inc. | 3,205,400 | 21,104,949 | ||||||
Tosoh Corp. | 638,200 | 11,199,816 | ||||||
|
| |||||||
400,355,940 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.8% |
| |||||||
Dai Nippon Printing Co. Ltd. | 554,000 | 13,055,195 | ||||||
Park24 Co. Ltd.* | 222,800 | 4,201,026 | ||||||
Secom Co. Ltd. | 420,600 | 31,835,469 | ||||||
Sohgo Security Services Co. Ltd. | 169,900 | 7,944,638 | ||||||
TOPPAN, Inc. | 687,700 | 11,665,509 | ||||||
|
| |||||||
68,701,837 | ||||||||
|
| |||||||
Construction & Engineering — 0.6% |
| |||||||
JGC Holdings Corp. | 507,800 | 4,571,561 | ||||||
Kajima Corp. | 975,000 | 12,550,978 | ||||||
Kinden Corp. | 253,200 | 4,105,958 | ||||||
Obayashi Corp. | 1,417,200 | 11,588,803 | ||||||
Shimizu Corp. | 1,379,800 | 10,161,603 | ||||||
Taisei Corp. | 413,800 | 13,945,631 | ||||||
|
| |||||||
56,924,534 | ||||||||
|
| |||||||
Construction Materials — 0.1% |
| |||||||
Taiheiyo Cement Corp. | 249,200 | 5,806,030 | ||||||
|
| |||||||
Consumer Finance — 0.1% |
| |||||||
Acom Co. Ltd. | 910,500 | 3,737,095 | ||||||
AEON Financial Service Co. Ltd. | 221,200 | 2,725,168 | ||||||
Orient Corp. | 1,181,500 | 1,482,976 | ||||||
|
| |||||||
7,945,239 | ||||||||
|
|
JPMorgan BetaBuilders Japan ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Containers & Packaging — 0.0%(a) |
| |||||||
Toyo Seikan Group Holdings Ltd. | 314,800 | 4,283,257 | ||||||
|
| |||||||
Diversified Consumer Services — 0.0%(a) |
| |||||||
Benesse Holdings, Inc. | 159,100 | 3,661,042 | ||||||
|
| |||||||
Diversified Financial Services — 0.7% |
| |||||||
Mitsubishi HC Capital, Inc. | 1,498,200 | 8,171,670 | ||||||
ORIX Corp. | 2,525,200 | 44,179,411 | ||||||
Tokyo Century Corp. | 103,000 | 5,668,403 | ||||||
|
| |||||||
58,019,484 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 0.7% |
| |||||||
Nippon Telegraph & Telephone Corp. | 2,528,100 | 64,739,891 | ||||||
|
| |||||||
Electric Utilities — 0.6% |
| |||||||
Chubu Electric Power Co., Inc. | 1,414,500 | 16,974,815 | ||||||
Chugoku Electric Power Co., Inc. (The) | 638,500 | 5,771,719 | ||||||
Kansai Electric Power Co., Inc. (The) | 1,623,700 | 15,316,162 | ||||||
Kyushu Electric Power Co., Inc. | 931,900 | 7,044,407 | ||||||
Tohoku Electric Power Co., Inc. | 989,000 | 7,492,897 | ||||||
Tokyo Electric Power Co. Holdings, Inc.* | 1,578,100 | 4,205,947 | ||||||
|
| |||||||
56,805,947 | ||||||||
|
| |||||||
Electrical Equipment — 2.2% |
| |||||||
Fuji Electric Co. Ltd. | 294,000 | 12,866,435 | ||||||
Mabuchi Motor Co. Ltd. | 111,900 | 4,208,378 | ||||||
Mitsubishi Electric Corp. | 4,218,700 | 57,236,163 | ||||||
Nidec Corp. | 1,078,400 | 121,043,408 | ||||||
|
| |||||||
195,354,384 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 5.6% |
| |||||||
Alps Alpine Co. Ltd. | 400,300 | 4,166,684 | ||||||
Canon Marketing Japan, Inc. | 104,600 | 2,342,960 | ||||||
Hamamatsu Photonics KK | 289,500 | 16,096,362 | ||||||
Hirose Electric Co. Ltd. | 65,000 | 9,737,434 | ||||||
Ibiden Co. Ltd. | 261,900 | 13,874,202 | ||||||
Keyence Corp. | 368,800 | 205,422,703 | ||||||
Kyocera Corp. | 690,500 | 42,667,287 | ||||||
Murata Manufacturing Co. Ltd. | 1,261,000 | 104,644,999 | ||||||
Omron Corp. | 404,700 | 34,632,233 | ||||||
Shimadzu Corp. | 541,200 | 21,826,868 | ||||||
TDK Corp. | 253,900 | 28,970,005 | ||||||
Yokogawa Electric Corp. | 469,700 | 7,225,954 | ||||||
|
| |||||||
491,607,691 | ||||||||
|
| |||||||
Entertainment — 2.0% |
| |||||||
DeNA Co. Ltd. | 165,900 | 3,123,885 | ||||||
Konami Holdings Corp. | 195,900 | 10,850,034 | ||||||
Nexon Co. Ltd. | 889,300 | 18,298,344 | ||||||
Nintendo Co. Ltd. | 232,900 | 119,734,619 | ||||||
Square Enix Holdings Co. Ltd. | 175,000 | 9,080,175 | ||||||
Toho Co. Ltd. | 279,700 | 12,176,619 | ||||||
|
| |||||||
173,263,676 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts (REITs) — 1.7% |
| |||||||
Advance Residence Investment Corp.(b) | 2,708 | 9,239,995 | ||||||
Daiwa House REIT Investment Corp. | 3,926 | 11,688,870 | ||||||
GLP J-REIT | 8,537 | 15,291,194 | ||||||
Japan Metropolitan Fund Invest | 13,715 | 14,366,948 | ||||||
Japan Prime Realty Investment Corp. | 1,871 | 7,317,926 | ||||||
Japan Real Estate Investment Corp. | 2,708 | 17,007,453 | ||||||
Nippon Building Fund, Inc. | 3,243 | 20,958,383 | ||||||
Nippon Prologis REIT, Inc. | 5,059 | 16,894,853 | ||||||
Nomura Real Estate Master Fund, Inc. | 9,268 | 14,726,627 | ||||||
Orix JREIT, Inc. | 5,424 | 10,349,451 | ||||||
United Urban Investment Corp. | 6,131 | 9,018,572 | ||||||
|
| |||||||
146,860,272 | ||||||||
|
| |||||||
Food & Staples Retailing — 1.9% |
| |||||||
Aeon Co. Ltd. | 1,713,300 | 46,884,186 | ||||||
Cosmos Pharmaceutical Corp. | 42,500 | 7,214,484 | ||||||
Kobe Bussan Co. Ltd. | 236,400 | 7,959,680 | ||||||
Lawson, Inc. | 97,800 | 4,915,438 | ||||||
Matsumotokiyoshi Holdings Co. Ltd. | 185,700 | 8,251,033 | ||||||
Seven & i Holdings Co. Ltd. | 1,567,300 | 69,933,549 | ||||||
Sundrug Co. Ltd. | 134,400 | 4,362,908 | ||||||
Tsuruha Holdings, Inc. | 71,100 | 8,394,415 | ||||||
Welcia Holdings Co. Ltd. | 203,000 | 6,910,062 | ||||||
|
| |||||||
164,825,755 | ||||||||
|
| |||||||
Food Products — 1.6% |
| |||||||
Ajinomoto Co., Inc. | 1,079,500 | 27,502,336 | ||||||
Calbee, Inc. | 226,600 | 5,205,986 | ||||||
Ezaki Glico Co. Ltd. | 111,800 | 4,176,747 | ||||||
Kewpie Corp. | 235,700 | 5,300,163 | ||||||
Kikkoman Corp. | 381,300 | 23,349,648 | ||||||
MEIJI Holdings Co. Ltd. | 286,000 | 17,703,626 | ||||||
NH Foods Ltd. | 203,400 | 8,203,965 | ||||||
Nisshin Seifun Group, Inc. | 515,400 | 8,309,584 | ||||||
Nissin Foods Holdings Co. Ltd. | 165,800 | 11,798,387 | ||||||
Toyo Suisan Kaisha Ltd. | 201,600 | 7,696,549 | ||||||
Yakult Honsha Co. Ltd. | 315,800 | 18,662,194 | ||||||
Yamazaki Baking Co. Ltd.(b) | 353,400 | 4,852,185 | ||||||
|
| |||||||
142,761,370 | ||||||||
|
| |||||||
Gas Utilities — 0.4% |
| |||||||
Osaka Gas Co. Ltd. | 817,300 | 15,269,380 | ||||||
Toho Gas Co. Ltd. | 193,600 | 9,410,425 | ||||||
Tokyo Gas Co. Ltd. | 757,200 | 14,332,833 | ||||||
|
| |||||||
39,012,638 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 3.0% |
| |||||||
Asahi Intecc Co. Ltd. | 446,600 | 12,101,564 | ||||||
Hoya Corp. | 725,500 | 102,418,569 | ||||||
Olympus Corp. | 2,530,800 | 52,082,219 | ||||||
Sysmex Corp. | 324,600 | 38,624,361 | ||||||
Terumo Corp. | 1,417,200 | 55,002,595 | ||||||
|
| |||||||
260,229,308 | ||||||||
|
| |||||||
Health Care Providers & Services — 0.2% |
| |||||||
Alfresa Holdings Corp. | 414,700 | 6,315,831 | ||||||
Medipal Holdings Corp. | 412,400 | 7,766,818 | ||||||
Suzuken Co. Ltd. | 156,300 | 4,510,472 | ||||||
|
| |||||||
18,593,121 | ||||||||
|
| |||||||
Health Care Technology — 0.6% |
| |||||||
M3, Inc. | 840,900 | 55,000,486 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure — 0.8% |
| |||||||
McDonald’s Holdings Co. Japan Ltd.(b) | 131,500 | 5,926,163 | ||||||
Oriental Land Co. Ltd. | 443,900 | 60,814,456 | ||||||
|
| |||||||
66,740,619 | ||||||||
|
| |||||||
Household Durables — 4.5% |
| |||||||
Casio Computer Co. Ltd. | 453,500 | 7,391,606 | ||||||
Haseko Corp. | 489,700 | 6,626,761 | ||||||
Iida Group Holdings Co. Ltd. | 365,400 | 8,817,364 | ||||||
Nikon Corp. | 684,600 | 6,373,187 | ||||||
Panasonic Corp. | 4,577,900 | 55,278,436 |
JPMorgan BetaBuilders Japan ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Rinnai Corp. | 77,100 | 7,162,557 | ||||||
Sekisui Chemical Co. Ltd. | 888,300 | 15,328,026 | ||||||
Sekisui House Ltd.(b) | 1,277,000 | 25,291,608 | ||||||
Sharp Corp. | 468,900 | 7,202,054 | ||||||
Sony Group Corp. | 2,478,500 | 258,920,207 | ||||||
|
| |||||||
398,391,806 | ||||||||
|
| |||||||
Household Products — 0.6% |
| |||||||
Lion Corp. | 586,200 | 10,146,649 | ||||||
Pigeon Corp. | 238,900 | 6,878,702 | ||||||
Unicharm Corp. | 865,800 | 34,750,904 | ||||||
|
| |||||||
51,776,255 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.1% |
| |||||||
Electric Power Development Co. Ltd. | 340,600 | 4,986,307 | ||||||
|
| |||||||
Industrial Conglomerates — 1.7% |
| |||||||
Hitachi Ltd. | 1,900,700 | 109,326,781 | ||||||
Keihan Holdings Co. Ltd. | 212,100 | 5,831,039 | ||||||
Toshiba Corp. | 832,900 | 35,849,258 | ||||||
|
| |||||||
151,007,078 | ||||||||
|
| |||||||
Insurance — 2.4% |
| |||||||
Dai-ichi Life Holdings, Inc. | 2,238,500 | 41,199,682 | ||||||
Japan Post Holdings Co. Ltd.* | 2,916,700 | 24,758,237 | ||||||
Japan Post Insurance Co. Ltd. | 397,700 | 7,050,639 | ||||||
MS&AD Insurance Group Holdings, Inc. | 944,200 | 29,186,223 | ||||||
Sompo Holdings, Inc. | 732,400 | 30,278,936 | ||||||
T&D Holdings, Inc. | 1,181,200 | 15,113,165 | ||||||
Tokio Marine Holdings, Inc. | 1,368,900 | 65,243,230 | ||||||
|
| |||||||
212,830,112 | ||||||||
|
| |||||||
Interactive Media & Services — 0.4% |
| |||||||
Kakaku.com, Inc. | 255,100 | 6,961,467 | ||||||
Z Holdings Corp. | 5,263,100 | 26,342,780 | ||||||
|
| |||||||
33,304,247 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 0.4% |
| |||||||
Mercari, Inc.* | 196,800 | 10,300,671 | ||||||
Rakuten Group, Inc. | 1,766,900 | 19,443,077 | ||||||
ZOZO, Inc. | 188,600 | 6,423,473 | ||||||
|
| |||||||
36,167,221 | ||||||||
|
| |||||||
IT Services — 2.3% |
| |||||||
Fujitsu Ltd. | 366,900 | 62,420,844 | ||||||
GMO Payment Gateway, Inc. | 84,400 | 10,849,410 | ||||||
Itochu Techno-Solutions Corp. | 187,500 | 5,751,679 | ||||||
NEC Corp. | 536,500 | 27,209,703 | ||||||
Nomura Research Institute Ltd. | 730,100 | 23,494,506 | ||||||
NTT Data Corp. | 1,266,900 | 19,623,692 | ||||||
Obic Co. Ltd. | 132,000 | 23,199,452 | ||||||
Otsuka Corp. | 217,200 | 11,285,850 | ||||||
SCSK Corp. | 99,500 | 5,996,861 | ||||||
TIS, Inc. | 455,800 | 11,821,748 | ||||||
|
| |||||||
201,653,745 | ||||||||
|
| |||||||
Leisure Products — 1.1% |
| |||||||
Bandai Namco Holdings, Inc. | 437,300 | 28,295,131 | ||||||
Sega Sammy Holdings, Inc. | 344,100 | 4,340,259 | ||||||
Shimano, Inc. | 167,200 | 42,799,709 | ||||||
Yamaha Corp. | 323,300 | 17,915,353 | ||||||
|
| |||||||
93,350,452 | ||||||||
|
| |||||||
Machinery — 5.5% |
| |||||||
Amada Co. Ltd. | 705,500 | 7,251,226 | ||||||
Daifuku Co. Ltd. | 248,200 | 22,241,020 | ||||||
FANUC Corp. | 373,600 | 83,674,348 | ||||||
Harmonic Drive Systems, Inc. | 79,400 | 4,392,170 | ||||||
Hino Motors Ltd. | 563,800 | 4,942,661 | ||||||
Hitachi Construction Machinery Co. Ltd. | 208,100 | 5,879,966 | ||||||
Hoshizaki Corp. | 115,300 | 9,682,081 | ||||||
Kawasaki Heavy Industries Ltd.* | 327,700 | 6,878,138 | ||||||
Komatsu Ltd. | 1,910,200 | 47,867,788 | ||||||
Kubota Corp. | 2,256,200 | 47,180,461 | ||||||
Kurita Water Industries Ltd. | 210,900 | 10,243,113 | ||||||
Makita Corp. | 550,000 | 28,599,439 | ||||||
MINEBEA MITSUMI, Inc. | 839,800 | 22,675,363 | ||||||
MISUMI Group, Inc. | 558,100 | 19,452,673 | ||||||
Mitsubishi Heavy Industries Ltd. | 661,500 | 19,112,868 | ||||||
Nabtesco Corp. | 245,400 | 9,294,880 | ||||||
NGK Insulators Ltd. | 538,400 | 8,622,400 | ||||||
NSK Ltd. | 963,000 | 7,947,508 | ||||||
SMC Corp. | 125,600 | 74,665,917 | ||||||
Sumitomo Heavy Industries Ltd. | 241,200 | 6,680,699 | ||||||
THK Co. Ltd. | 241,700 | 6,924,522 | ||||||
Yaskawa Electric Corp. | 524,800 | 25,986,374 | ||||||
|
| |||||||
480,195,615 | ||||||||
|
| |||||||
Marine — 0.3% |
| |||||||
Mitsui OSK Lines Ltd. | 236,900 | 12,292,188 | ||||||
Nippon Yusen KK | 333,300 | 18,008,883 | ||||||
|
| |||||||
30,301,071 | ||||||||
|
| |||||||
Media — 0.5% |
| |||||||
CyberAgent, Inc. | 804,000 | 14,470,751 | ||||||
Dentsu Group, Inc. | 475,700 | 16,532,478 | ||||||
Fuji Media Holdings, Inc. | 91,500 | 992,676 | ||||||
Hakuhodo DY Holdings, Inc. | 597,800 | 9,092,847 | ||||||
Nippon Television Holdings, Inc. | 102,800 | 1,142,956 | ||||||
TBS Holdings, Inc. | 69,000 | 1,038,460 | ||||||
|
| |||||||
43,270,168 | ||||||||
|
| |||||||
Metals & Mining — 1.0% |
| |||||||
Hitachi Metals Ltd.* | 395,900 | 7,731,540 | ||||||
JFE Holdings, Inc. | 1,133,300 | 13,780,649 | ||||||
Maruichi Steel Tube Ltd. | 153,400 | 3,700,625 | ||||||
Mitsubishi Materials Corp. | 257,500 | 5,372,420 | ||||||
Nippon Steel Corp. | 1,867,400 | 32,394,372 | ||||||
Sumitomo Metal Mining Co. Ltd. | 537,400 | 21,779,411 | ||||||
|
| |||||||
84,759,017 | ||||||||
|
| |||||||
Multiline Retail — 0.7% |
| |||||||
Isetan Mitsukoshi Holdings Ltd. | 779,000 | 5,274,987 | ||||||
Izumi Co. Ltd. | 88,300 | 3,022,456 | ||||||
J Front Retailing Co. Ltd. | 532,100 | 4,483,790 | ||||||
Marui Group Co. Ltd. | 440,500 | 7,716,288 | ||||||
Pan Pacific International Holdings Corp. | 1,183,300 | 24,700,248 | ||||||
Ryohin Keikaku Co. Ltd. | 519,600 | 10,540,705 | ||||||
Seria Co. Ltd. | 89,000 | 3,201,412 | ||||||
|
| |||||||
58,939,886 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 0.6% |
| |||||||
ENEOS Holdings, Inc. | 6,346,000 | 26,656,983 | ||||||
Idemitsu Kosan Co. Ltd. | 485,152 | 11,420,413 | ||||||
Inpex Corp. | 2,125,500 | 15,075,245 | ||||||
|
| |||||||
53,152,641 | ||||||||
|
| |||||||
Paper & Forest Products — 0.1% |
| |||||||
Oji Holdings Corp. | 1,991,600 | 11,482,544 | ||||||
|
| |||||||
Personal Products — 1.5% |
| |||||||
Kao Corp. | 946,700 | 57,002,079 |
JPMorgan BetaBuilders Japan ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Kobayashi Pharmaceutical Co. Ltd. | 106,900 | 8,526,878 | ||||||
Kose Corp. | 68,200 | 10,776,344 | ||||||
Pola Orbis Holdings, Inc. | 166,200 | 3,972,912 | ||||||
Shiseido Co. Ltd. | 785,700 | 52,512,827 | ||||||
|
| |||||||
132,791,040 | ||||||||
|
| |||||||
Pharmaceuticals — 5.5% |
| |||||||
Astellas Pharma, Inc. | 3,658,400 | 58,268,735 | ||||||
Chugai Pharmaceutical Co. Ltd. | 1,253,500 | 46,192,147 | ||||||
Daiichi Sankyo Co. Ltd. | 3,595,800 | 71,212,334 | ||||||
Eisai Co. Ltd. | 581,400 | 47,821,799 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 166,900 | 7,310,289 | ||||||
Kyowa Kirin Co. Ltd. | 497,600 | 16,197,457 | ||||||
Nippon Shinyaku Co. Ltd. | 118,600 | 8,922,458 | ||||||
Ono Pharmaceutical Co. Ltd. | 974,400 | 22,243,767 | ||||||
Otsuka Holdings Co. Ltd. | 1,095,900 | 43,561,005 | ||||||
Santen Pharmaceutical Co. Ltd. | 786,400 | 10,655,604 | ||||||
Shionogi & Co. Ltd. | 550,800 | 29,007,714 | ||||||
Sumitomo Dainippon Pharma Co. Ltd. | 375,800 | 6,507,083 | ||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 110,900 | 6,210,737 | ||||||
Takeda Pharmaceutical Co. Ltd. | 3,101,000 | 103,221,525 | ||||||
Tsumura & Co. | 136,500 | 4,305,751 | ||||||
|
| |||||||
481,638,405 | ||||||||
|
| |||||||
Professional Services — 2.2% |
| |||||||
Nihon M&A Center, Inc. | 574,200 | 15,990,911 | ||||||
Persol Holdings Co. Ltd. | 372,700 | 7,519,361 | ||||||
Recruit Holdings Co. Ltd. | 3,333,100 | 172,756,739 | ||||||
|
| |||||||
196,267,011 | ||||||||
|
| |||||||
Real Estate Management & Development — 2.4% |
| |||||||
Aeon Mall Co. Ltd. | 195,300 | 2,976,787 | ||||||
Daito Trust Construction Co. Ltd. | 136,200 | 16,002,128 | ||||||
Daiwa House Industry Co. Ltd. | 1,309,700 | 40,155,711 | ||||||
Hulic Co. Ltd. | 978,300 | 11,129,870 | ||||||
Mitsubishi Estate Co. Ltd. | 2,733,600 | 42,881,777 | ||||||
Mitsui Fudosan Co. Ltd. | 1,895,800 | 44,337,587 | ||||||
Nomura Real Estate Holdings, Inc. | 235,300 | 5,834,605 | ||||||
Sumitomo Realty & Development Co. Ltd. | 935,500 | 30,490,976 | ||||||
Tokyo Tatemono Co. Ltd. | 410,200 | 6,171,417 | ||||||
Tokyu Fudosan Holdings Corp. | 1,187,400 | 6,703,288 | ||||||
|
| |||||||
206,684,146 | ||||||||
|
| |||||||
Road & Rail — 3.0% |
| |||||||
Central Japan Railway Co. | 404,200 | 58,796,861 | ||||||
East Japan Railway Co. | 741,100 | �� | 49,373,837 | |||||
Hankyu Hanshin Holdings, Inc. | 498,500 | 14,741,030 | ||||||
Keikyu Corp. | 542,000 | 6,439,166 | ||||||
Keio Corp. | 239,700 | 13,426,597 | ||||||
Keisei Electric Railway Co. Ltd. | 337,800 | 10,060,558 | ||||||
Kintetsu Group Holdings Co. Ltd.* | 375,200 | 12,678,369 | ||||||
Kyushu Railway Co. | 309,200 | 6,972,470 | ||||||
Nagoya Railroad Co. Ltd. | 386,600 | 6,510,224 | ||||||
Nankai Electric Railway Co. Ltd. | 223,200 | 4,739,667 | ||||||
Nippon Express Co. Ltd. | 171,100 | 12,498,816 | ||||||
Odakyu Electric Railway Co. Ltd. | 681,400 | 16,262,390 | ||||||
Seibu Holdings, Inc.* | 522,100 | 5,891,131 | ||||||
Tobu Railway Co. Ltd. | 411,500 | 10,700,642 | ||||||
Tokyu Corp. | 1,116,400 | 14,962,784 | ||||||
West Japan Railway Co. | 376,500 | 20,456,171 | ||||||
|
| |||||||
264,510,713 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.0% |
| |||||||
Advantest Corp. | 392,000 | 34,606,154 | ||||||
Disco Corp. | 58,800 | 16,790,740 | ||||||
Lasertec Corp. | 152,100 | 28,553,998 | ||||||
Renesas Electronics Corp.* | 2,728,000 | 29,608,728 | ||||||
Rohm Co. Ltd. | 171,400 | 16,721,454 | ||||||
SUMCO Corp. | 495,000 | 11,448,525 | ||||||
Tokyo Electron Ltd. | 309,000 | 127,439,468 | ||||||
|
| |||||||
265,169,067 | ||||||||
|
| |||||||
Software — 0.2% |
| |||||||
Oracle Corp. | 66,000 | 4,930,203 | ||||||
Trend Micro, Inc. | 274,900 | 14,312,147 | ||||||
|
| |||||||
19,242,350 | ||||||||
|
| |||||||
Specialty Retail — 1.8% |
| |||||||
ABC-Mart, Inc. | 62,200 | 3,429,482 | ||||||
Fast Retailing Co. Ltd. | 128,200 | 86,945,626 | ||||||
Hikari Tsushin, Inc. | 40,200 | 6,959,854 | ||||||
K’s Holdings Corp. | 367,800 | 4,345,438 | ||||||
Nitori Holdings Co. Ltd. | 170,400 | 32,388,983 | ||||||
Shimamura Co. Ltd. | 51,000 | 4,929,951 | ||||||
USS Co. Ltd. | 438,100 | 7,626,421 | ||||||
Workman Co. Ltd. | 47,800 | 3,297,892 | ||||||
Yamada Holdings Co. Ltd. | 1,539,100 | 7,271,406 | ||||||
|
| |||||||
157,195,053 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 1.6% |
| |||||||
Brother Industries Ltd. | 516,300 | 10,507,188 | ||||||
Canon, Inc. | 2,096,900 | 48,287,561 | ||||||
FUJIFILM Holdings Corp. | 788,400 | 56,577,801 | ||||||
Ricoh Co. Ltd. | 1,345,800 | 14,705,357 | ||||||
Seiko Epson Corp. | 643,200 | 11,066,847 | ||||||
|
| |||||||
141,144,754 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.1% |
| |||||||
Asics Corp. | 373,700 | 8,253,024 | ||||||
|
| |||||||
Tobacco — 0.5% |
| |||||||
Japan Tobacco, Inc. | 2,162,200 | 42,250,036 | ||||||
|
| |||||||
Trading Companies & Distributors — 3.8% |
| |||||||
ITOCHU Corp. | 2,770,100 | 81,992,854 | ||||||
Marubeni Corp. | 3,242,400 | 27,597,407 | ||||||
Mitsubishi Corp. | 2,771,700 | 77,742,810 | ||||||
Mitsui & Co. Ltd. | 3,148,100 | 72,256,472 | ||||||
MonotaRO Co. Ltd. | 482,100 | 11,089,628 | ||||||
Sojitz Corp. | 2,164,700 | 6,622,440 | ||||||
Sumitomo Corp. | 2,335,800 | 31,743,331 | ||||||
Toyota Tsusho Corp. | 466,200 | 22,011,569 | ||||||
|
| |||||||
331,056,511 | ||||||||
|
| |||||||
Transportation Infrastructure — 0.2% |
| |||||||
Japan Airport Terminal Co. Ltd.(b) | 166,200 | 7,182,145 | ||||||
Kamigumi Co. Ltd. | 216,200 | 4,562,416 | ||||||
Mitsubishi Logistics Corp. | 158,900 | 4,720,678 | ||||||
|
| |||||||
16,465,239 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 3.3% |
| |||||||
KDDI Corp. | 3,213,900 | 98,292,639 | ||||||
SoftBank Corp. | 3,104,600 | 40,549,837 | ||||||
SoftBank Group Corp. | 2,472,200 | 155,465,915 | ||||||
|
| |||||||
294,308,391 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 8,721,451,447 | ||||||
|
|
JPMorgan BetaBuilders Japan ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
SHORT-TERM INVESTMENTS — 0.1% |
| |||||||
INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 0.1% |
| |||||||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.08%(c)(d) | 9,987,914 | 9,987,914 | ||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(c)(d) | 1,331,579 | 1,331,579 | ||||||
|
| |||||||
TOTAL INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED |
| 11,319,493 | ||||||
|
| |||||||
Total Investments — 99.4% |
| 8,732,770,940 | ||||||
Other Assets Less Liabilities — 0.6% |
| 49,729,713 | ||||||
|
| |||||||
Net Assets — 100.0% |
| 8,782,500,653 | ||||||
|
|
Percentages indicated are based on net assets.
Abbreviations | ||
REIT | Real Estate Investment Trust |
(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 $10,794,724. | |
(c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(d) | The rate shown is the current yield as of July 31, 2021. | |
* | Non-income producing security. |
Futures contracts outstanding as of July 31, 2021:
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount ($) | Value and Unrealized Appreciation (Depreciation) ($) | |||||||||||||
Long Contracts | ||||||||||||||||||
TOPIX Index | 347 | 09/2021 | JPY | 60,492,913 | (1,444,538 | ) | ||||||||||||
|
|
Abbreviations | ||
JPY | Japanese Yen | |
TOPIX | Tokyo Stock Price Index |
JPMorgan BetaBuilders Japan 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 |
| |||||||||||||||
Air Freight & Logistics | $ | — | $ | 47,205,762 | $ | — | $ | 47,205,762 | ||||||||
Airlines | — | 13,286,766 | — | 13,286,766 | ||||||||||||
Auto Components | — | 243,638,606 | — | 243,638,606 | ||||||||||||
Automobiles | — | 695,100,506 | — | 695,100,506 | ||||||||||||
Banks | — | 393,078,970 | — | 393,078,970 | ||||||||||||
Beverages | — | 87,322,774 | — | 87,322,774 | ||||||||||||
Biotechnology | — | 8,019,099 | — | 8,019,099 | ||||||||||||
Building Products | — | 171,021,661 | — | 171,021,661 | ||||||||||||
Capital Markets | — | 78,740,877 | — | 78,740,877 | ||||||||||||
Chemicals | — | 400,355,940 | — | 400,355,940 | ||||||||||||
Commercial Services & Supplies | — | 68,701,837 | — | 68,701,837 | ||||||||||||
Construction & Engineering | — | 56,924,534 | — | 56,924,534 | ||||||||||||
Construction Materials | — | 5,806,030 | — | 5,806,030 | ||||||||||||
Consumer Finance | — | 7,945,239 | — | 7,945,239 | ||||||||||||
Containers & Packaging | — | 4,283,257 | — | 4,283,257 | ||||||||||||
Diversified Consumer Services | — | 3,661,042 | — | 3,661,042 | ||||||||||||
Diversified Financial Services | — | 58,019,484 | — | 58,019,484 | ||||||||||||
Diversified Telecommunication Services | — | 64,739,891 | — | 64,739,891 | ||||||||||||
Electric Utilities | — | 56,805,947 | — | 56,805,947 | ||||||||||||
Electrical Equipment | — | 195,354,384 | — | 195,354,384 | ||||||||||||
Electronic Equipment, Instruments & Components | — | 491,607,691 | — | 491,607,691 | ||||||||||||
Entertainment | — | 173,263,676 | — | 173,263,676 | ||||||||||||
Equity Real Estate Investment Trusts (REITs) | 15,291,194 | 131,569,078 | — | 146,860,272 | ||||||||||||
Food & Staples Retailing | — | 164,825,755 | — | 164,825,755 | ||||||||||||
Food Products | — | 142,761,370 | — | 142,761,370 | ||||||||||||
Gas Utilities | — | 39,012,638 | — | 39,012,638 | ||||||||||||
Health Care Equipment & Supplies | — | 260,229,308 | — | 260,229,308 | ||||||||||||
Health Care Providers & Services | — | 18,593,121 | — | 18,593,121 | ||||||||||||
Health Care Technology | — | 55,000,486 | — | 55,000,486 | ||||||||||||
Hotels, Restaurants & Leisure | — | 66,740,619 | — | 66,740,619 | ||||||||||||
Household Durables | — | 398,391,806 | — | 398,391,806 | ||||||||||||
Household Products | — | 51,776,255 | — | 51,776,255 | ||||||||||||
Independent Power and Renewable Electricity Producers | — | 4,986,307 | — | 4,986,307 | ||||||||||||
Industrial Conglomerates | — | 151,007,078 | — | 151,007,078 | ||||||||||||
Insurance | — | 212,830,112 | — | 212,830,112 | ||||||||||||
Interactive Media & Services | — | 33,304,247 | — | 33,304,247 | ||||||||||||
Internet & Direct Marketing Retail | — | 36,167,221 | — | 36,167,221 | ||||||||||||
IT Services | — | 201,653,745 | — | 201,653,745 | ||||||||||||
Leisure Products | — | 93,350,452 | — | 93,350,452 | ||||||||||||
Machinery | — | 480,195,615 | — | 480,195,615 | ||||||||||||
Marine | — | 30,301,071 | — | 30,301,071 | ||||||||||||
Media | — | 43,270,168 | — | 43,270,168 | ||||||||||||
Metals & Mining | — | 84,759,017 | — | 84,759,017 | ||||||||||||
Multiline Retail | — | 58,939,886 | — | 58,939,886 | ||||||||||||
Oil, Gas & Consumable Fuels | — | 53,152,641 | — | 53,152,641 | ||||||||||||
Paper & Forest Products | — | 11,482,544 | — | 11,482,544 | ||||||||||||
Personal Products | — | 132,791,040 | — | 132,791,040 | ||||||||||||
Pharmaceuticals | — | 481,638,405 | — | 481,638,405 | ||||||||||||
Professional Services | — | 196,267,011 | — | 196,267,011 | ||||||||||||
Real Estate Management & Development | — | 206,684,146 | — | 206,684,146 | ||||||||||||
Road & Rail | — | 264,510,713 | — | 264,510,713 | ||||||||||||
Semiconductors & Semiconductor Equipment | — | 265,169,067 | — | 265,169,067 | ||||||||||||
Software | — | 19,242,350 | — | 19,242,350 | ||||||||||||
Specialty Retail | — | 157,195,053 | — | 157,195,053 | ||||||||||||
Technology Hardware, Storage & Peripherals | — | 141,144,754 | — | 141,144,754 | ||||||||||||
Textiles, Apparel & Luxury Goods | — | 8,253,024 | — | 8,253,024 | ||||||||||||
Tobacco | — | 42,250,036 | — | 42,250,036 | ||||||||||||
Trading Companies & Distributors | — | 331,056,511 | — | 331,056,511 | ||||||||||||
Transportation Infrastructure | — | 16,465,239 | — | 16,465,239 | ||||||||||||
Wireless Telecommunication Services | — | 294,308,391 | — | 294,308,391 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 15,291,194 | 8,706,160,253 | — | 8,721,451,447 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Investments |
| |||||||||||||||
Investment of Cash Collateral from Securities Loaned | 11,319,493 | — | — | 11,319,493 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | $ | 26,610,687 | $ | 8,706,160,253 | $ | — | $ | 8,732,770,940 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Depreciation in Other Financial Instruments |
| |||||||||||||||
Futures Contracts | $ | (1,444,538 | ) | $ | — | $ | — | $ | (1,444,538 | ) | ||||||
|
|
|
|
|
|
|
|
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 amount 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 Securities Lending Money Market Fund Agency SL Class Shares, | $ | 3,989,013 | $ | 391,000,000 | $ | 385,000,000 | $ | (1,897 | ) | $ | 798 | $ | 9,987,914 | 9,987,914 | $ | 33,328 | $ | — | ||||||||||||||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, | 1,126,935 | 306,640,074 | 306,435,430 | — | — | 1,331,579 | 1,331,579 | 2,425 | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total | $ | 5,115,948 | $ | 697,640,074 | $ | 691,435,430 | $ | (1,897 | ) | $ | 798 | $ | 11,319,493 | $ | 35,753 | $ | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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. |