JPMorgan Market Expansion Enhanced Equity ETF
Schedule of Portfolio Investments as of September 30, 2023
(Unaudited)
THE “UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS” LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR SALES LITERATURE WITH THE GENERAL PUBLIC. The list is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by a prospectus. The list has been created from the books and records of the Fund. Holdings are available 60 days after the fund’s fiscal quarter, using a trade date accounting convention, by contacting the appropriate service center. The list is subject to change without notice. The list is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
JPMorgan Asset Management is the marketing name for the asset management business of J.P. Morgan Chase & Co. |
J.P. Morgan Distribution Services, Inc., member FINRA. |
© J.P. Morgan Chase & Co., 2023. |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — 99.1% | ||
Aerospace & Defense — 0.2% | ||
AeroVironment, Inc. * | 5,852 | 652,674 |
Curtiss-Wright Corp. | 1,621 | 317,116 |
Woodward, Inc. | 4,558 | 566,377 |
1,536,167 | ||
Air Freight & Logistics — 0.4% | ||
Forward Air Corp. | 8,403 | 577,622 |
GXO Logistics, Inc. * | 20,819 | 1,221,035 |
Hub Group, Inc., Class A * | 22,443 | 1,762,673 |
3,561,330 | ||
Automobile Components — 1.6% | ||
Adient plc * | 24,369 | 894,342 |
American Axle & Manufacturing Holdings, Inc. * | 37,395 | 271,488 |
Autoliv, Inc. (Sweden) | 41,916 | 4,044,056 |
Dana, Inc. | 87,335 | 1,281,204 |
Fox Factory Holding Corp. * | 5,707 | 565,449 |
Gentherm, Inc. * | 8,672 | 470,543 |
Goodyear Tire & Rubber Co. (The) * (a) | 184,453 | 2,292,751 |
LCI Industries | 6,440 | 756,185 |
Lear Corp. | 15,123 | 2,029,506 |
Patrick Industries, Inc. | 7,194 | 539,982 |
13,145,506 | ||
Automobiles — 0.4% | ||
Harley-Davidson, Inc. | 40,500 | 1,338,930 |
Thor Industries, Inc. | 15,151 | 1,441,315 |
Winnebago Industries, Inc. | 10,365 | 616,199 |
3,396,444 | ||
Banks — 6.2% | ||
Ameris Bancorp | 52,462 | 2,014,016 |
Associated Banc-Corp. | 17,719 | 303,172 |
Axos Financial, Inc. * | 22,856 | 865,328 |
Banc of California, Inc. | 38,968 | 482,424 |
Bancorp, Inc. (The) * | 26,023 | 897,793 |
BankUnited, Inc. | 19,164 | 435,023 |
Banner Corp. | 39,524 | 1,675,027 |
Brookline Bancorp, Inc. | 19,037 | 173,427 |
Cadence Bank | 18,997 | 403,116 |
Central Pacific Financial Corp. | 29,272 | 488,257 |
Columbia Banking System, Inc. | 55,257 | 1,121,717 |
Commerce Bancshares, Inc. | 30,102 | 1,444,294 |
Cullen/Frost Bankers, Inc. | 29,675 | 2,706,657 |
Customers Bancorp, Inc. * | 52,792 | 1,818,684 |
CVB Financial Corp. | 72,322 | 1,198,376 |
Dime Community Bancshares, Inc. | 12,644 | 252,374 |
East West Bancorp, Inc. | 62,087 | 3,272,606 |
FB Financial Corp. | 8,437 | 239,273 |
First Bancorp | 9,433 | 265,445 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Banks — continued | ||
First BanCorp (Puerto Rico) | 185,689 | 2,499,374 |
First Commonwealth Financial Corp. | 89,560 | 1,093,528 |
First Horizon Corp. | 139,798 | 1,540,574 |
FNB Corp. | 153,218 | 1,653,222 |
Glacier Bancorp, Inc. | 2,751 | 78,403 |
Hancock Whitney Corp. | 21,750 | 804,532 |
Hanmi Financial Corp. | 8,892 | 144,317 |
National Bank Holdings Corp., Class A | 47,925 | 1,426,248 |
NBT Bancorp, Inc. | 8,986 | 284,766 |
New York Community Bancorp, Inc. | 136,220 | 1,544,735 |
OFG Bancorp (Puerto Rico) | 72,253 | 2,157,475 |
Old National Bancorp | 104,664 | 1,521,815 |
Pathward Financial, Inc. | 23,166 | 1,067,721 |
Pinnacle Financial Partners, Inc. | 50,516 | 3,386,593 |
Preferred Bank | 3,621 | 225,407 |
Prosperity Bancshares, Inc. | 46,577 | 2,542,173 |
Renasant Corp. | 14,416 | 377,555 |
Southside Bancshares, Inc. | 31,752 | 911,282 |
SouthState Corp. | 9,096 | 612,707 |
Synovus Financial Corp. | 38,632 | 1,073,970 |
Triumph Financial, Inc. * | 5,966 | 386,537 |
UMB Financial Corp. | 5,170 | 320,798 |
United Community Banks, Inc. | 15,190 | 385,978 |
Veritex Holdings, Inc. | 36,902 | 662,391 |
Washington Federal, Inc. | 30,782 | 788,635 |
Webster Financial Corp. | 31,112 | 1,254,125 |
Wintrust Financial Corp. | 37,723 | 2,848,086 |
WSFS Financial Corp. | 6,970 | 254,405 |
51,904,361 | ||
Beverages — 0.4% | ||
Boston Beer Co., Inc. (The), Class A * | 2,420 | 942,663 |
Celsius Holdings, Inc. * | 7,666 | 1,315,486 |
Coca-Cola Consolidated, Inc. | 1,408 | 895,938 |
3,154,087 | ||
Biotechnology — 1.9% | ||
Arrowhead Pharmaceuticals, Inc. * | 41,808 | 1,123,381 |
Exelixis, Inc. * | 230,561 | 5,037,758 |
Neurocrine Biosciences, Inc. * | 27,529 | 3,097,012 |
REGENXBIO, Inc. * | 62,123 | 1,022,545 |
United Therapeutics Corp. * | 26,433 | 5,970,422 |
16,251,118 | ||
Broadline Retail — 0.3% | ||
Kohl's Corp. (a) | 64,574 | 1,353,471 |
Macy's, Inc. (a) | 18,401 | 213,636 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Broadline Retail — continued | ||
Nordstrom, Inc. (a) | 28,542 | 426,417 |
Ollie's Bargain Outlet Holdings, Inc. * | 9,310 | 718,546 |
2,712,070 | ||
Building Products — 3.5% | ||
AAON, Inc. | 12,171 | 692,165 |
Apogee Enterprises, Inc. | 5,556 | 261,576 |
AZZ, Inc. | 6,540 | 298,093 |
Builders FirstSource, Inc. * | 71,326 | 8,879,374 |
Carlisle Cos., Inc. | 13,753 | 3,565,603 |
Gibraltar Industries, Inc. * | 24,343 | 1,643,396 |
Griffon Corp. | 13,350 | 529,594 |
Lennox International, Inc. | 7,427 | 2,780,966 |
Owens Corning | 27,223 | 3,713,489 |
PGT Innovations, Inc. * | 31,548 | 875,457 |
Resideo Technologies, Inc. * | 41,512 | 655,890 |
Simpson Manufacturing Co., Inc. | 11,540 | 1,728,807 |
Trex Co., Inc. * | 4,309 | 265,564 |
UFP Industries, Inc. | 36,387 | 3,726,029 |
29,616,003 | ||
Capital Markets — 1.8% | ||
Affiliated Managers Group, Inc. | 15,955 | 2,079,575 |
Avantax, Inc. * | 40,630 | 1,039,315 |
Brightsphere Investment Group, Inc. | 28,646 | 555,446 |
Donnelley Financial Solutions, Inc. * | 12,861 | 723,817 |
Evercore, Inc., Class A | 6,146 | 847,411 |
Federated Hermes, Inc. | 12,390 | 419,649 |
Interactive Brokers Group, Inc., Class A | 35,346 | 3,059,550 |
Jefferies Financial Group, Inc. | 11,338 | 415,311 |
Morningstar, Inc. | 6,577 | 1,540,597 |
Piper Sandler Cos. | 3,430 | 498,413 |
SEI Investments Co. | 11,236 | 676,744 |
Stifel Financial Corp. | 34,744 | 2,134,671 |
StoneX Group, Inc. * | 8,704 | 843,592 |
Virtus Investment Partners, Inc. | 1,952 | 394,284 |
15,228,375 | ||
Chemicals — 2.0% | ||
AdvanSix, Inc. | 29,641 | 921,242 |
Ashland, Inc. | 11,156 | 911,222 |
Avient Corp. | 41,692 | 1,472,562 |
Axalta Coating Systems Ltd. * | 22,888 | 615,687 |
Cabot Corp. | 27,675 | 1,917,047 |
Chemours Co. (The) | 63,166 | 1,771,806 |
Hawkins, Inc. | 5,053 | 297,369 |
HB Fuller Co. | 27,259 | 1,870,240 |
Ingevity Corp. * | 24,433 | 1,163,255 |
Livent Corp. * (a) | 19,518 | 359,326 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Chemicals — continued | ||
Minerals Technologies, Inc. | 14,609 | 799,989 |
RPM International, Inc. | 25,017 | 2,371,862 |
Scotts Miracle-Gro Co. (The) | 11,105 | 573,907 |
Sensient Technologies Corp. | 15,632 | 914,159 |
Stepan Co. | 9,249 | 693,398 |
16,653,071 | ||
Commercial Services & Supplies — 1.7% | ||
ABM Industries, Inc. | 16,958 | 678,490 |
Brady Corp., Class A | 47,864 | 2,628,691 |
Brink's Co. (The) | 13,904 | 1,009,986 |
Clean Harbors, Inc. * | 23,505 | 3,933,797 |
CoreCivic, Inc. * | 116,990 | 1,316,137 |
Deluxe Corp. | 12,122 | 228,985 |
Enviri Corp. * | 17,509 | 126,415 |
Interface, Inc. | 17,075 | 167,506 |
Matthews International Corp., Class A | 8,762 | 340,929 |
MillerKnoll, Inc. | 22,344 | 546,311 |
OPENLANE, Inc. * | 33,880 | 505,490 |
Pitney Bowes, Inc. | 40,390 | 121,978 |
Stericycle, Inc. * | 6,440 | 287,932 |
Tetra Tech, Inc. | 14,347 | 2,181,174 |
Viad Corp. * | 5,312 | 139,174 |
14,212,995 | ||
Communications Equipment — 1.0% | ||
ADTRAN Holdings, Inc. | 14,758 | 121,458 |
Calix, Inc. * | 14,772 | 677,149 |
Ciena Corp. * | 89,111 | 4,211,386 |
Digi International, Inc. * | 8,957 | 241,839 |
Extreme Networks, Inc. * | 31,633 | 765,835 |
Lumentum Holdings, Inc. * | 14,758 | 666,766 |
Viasat, Inc. * (a) | 45,022 | 831,106 |
Viavi Solutions, Inc. * | 59,341 | 542,377 |
8,057,916 | ||
Construction & Engineering — 1.7% | ||
AECOM | 34,861 | 2,894,858 |
Arcosa, Inc. | 14,269 | 1,025,941 |
Comfort Systems USA, Inc. | 9,093 | 1,549,538 |
EMCOR Group, Inc. | 21,830 | 4,592,814 |
MasTec, Inc. * | 15,249 | 1,097,471 |
MDU Resources Group, Inc. | 56,073 | 1,097,909 |
MYR Group, Inc. * | 17,357 | 2,339,029 |
14,597,560 | ||
Construction Materials — 0.1% | ||
Eagle Materials, Inc. | 7,258 | 1,208,602 |
Consumer Finance — 0.8% | ||
Encore Capital Group, Inc. * | 8,672 | 414,175 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Consumer Finance — continued | ||
Enova International, Inc. * | 34,056 | 1,732,429 |
EZCORP, Inc., Class A * (a) | 23,625 | 194,906 |
FirstCash Holdings, Inc. | 22,706 | 2,279,228 |
Navient Corp. | 28,015 | 482,418 |
PROG Holdings, Inc. * | 18,145 | 602,596 |
SLM Corp. | 97,057 | 1,321,916 |
7,027,668 | ||
Consumer Staples Distribution & Retail — 2.0% | ||
Andersons, Inc. (The) | 32,635 | 1,681,029 |
BJ's Wholesale Club Holdings, Inc. * | 55,702 | 3,975,452 |
Casey's General Stores, Inc. | 17,550 | 4,765,176 |
SpartanNash Co. | 52,319 | 1,151,018 |
Sprouts Farmers Market, Inc. * | 100,010 | 4,280,428 |
United Natural Foods, Inc. * | 67,776 | 958,352 |
16,811,455 | ||
Containers & Packaging — 1.4% | ||
AptarGroup, Inc. | 13,974 | 1,747,309 |
Berry Global Group, Inc. | 44,826 | 2,775,178 |
Crown Holdings, Inc. | 12,092 | 1,069,900 |
Greif, Inc., Class A | 12,903 | 862,049 |
Myers Industries, Inc. | 10,280 | 184,320 |
O-I Glass, Inc. * | 19,318 | 323,190 |
Silgan Holdings, Inc. | 42,087 | 1,814,371 |
Sonoco Products Co. | 53,349 | 2,899,518 |
11,675,835 | ||
Diversified Consumer Services — 0.8% | ||
Adtalem Global Education, Inc. * | 13,715 | 587,688 |
Graham Holdings Co., Class B | 1,693 | 987,019 |
Grand Canyon Education, Inc. * | 5,142 | 600,997 |
H&R Block, Inc. | 44,883 | 1,932,662 |
Service Corp. International | 44,139 | 2,522,102 |
6,630,468 | ||
Diversified REITs — 0.4% | ||
American Assets Trust, Inc. | 12,706 | 247,132 |
Armada Hoffler Properties, Inc. | 48,171 | 493,271 |
Essential Properties Realty Trust, Inc. | 107,894 | 2,333,747 |
3,074,150 | ||
Diversified Telecommunication Services — 0.3% | ||
Cogent Communications Holdings, Inc. | 10,909 | 675,267 |
Iridium Communications, Inc. | 35,832 | 1,629,998 |
2,305,265 | ||
Electric Utilities — 0.7% | ||
IDACORP, Inc. | 33,152 | 3,104,685 |
OGE Energy Corp. | 74,725 | 2,490,584 |
5,595,269 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Electrical Equipment — 2.0% | ||
Acuity Brands, Inc. | 8,940 | 1,522,571 |
Encore Wire Corp. | 15,263 | 2,784,887 |
EnerSys | 2,878 | 272,460 |
Hubbell, Inc. | 13,659 | 4,280,867 |
nVent Electric plc | 95,528 | 5,062,029 |
Regal Rexnord Corp. | 18,343 | 2,620,848 |
16,543,662 | ||
Electronic Equipment, Instruments & Components — 3.9% | ||
Advanced Energy Industries, Inc. | 11,203 | 1,155,253 |
Arrow Electronics, Inc. * | 25,352 | 3,175,085 |
Belden, Inc. | 11,684 | 1,128,090 |
Benchmark Electronics, Inc. | 10,070 | 244,298 |
Cognex Corp. | 36,945 | 1,567,946 |
Coherent Corp. * | 71,465 | 2,332,618 |
Crane NXT Co. | 11,685 | 649,335 |
Fabrinet (Thailand) * | 27,139 | 4,521,900 |
Jabil, Inc. | 71,668 | 9,093,953 |
Littelfuse, Inc. | 5,605 | 1,386,229 |
OSI Systems, Inc. * | 4,758 | 561,634 |
Rogers Corp. * | 4,007 | 526,800 |
TD SYNNEX Corp. | 23,351 | 2,331,831 |
Vontier Corp. | 124,845 | 3,860,207 |
32,535,179 | ||
Energy Equipment & Services — 1.3% | ||
Bristow Group, Inc. * | 7,692 | 216,684 |
ChampionX Corp. | 91,830 | 3,270,984 |
Helmerich & Payne, Inc. | 18,373 | 774,606 |
Liberty Energy, Inc. | 63,979 | 1,184,891 |
NOV, Inc. | 105,867 | 2,212,620 |
Oceaneering International, Inc. * | 50,794 | 1,306,422 |
Patterson-UTI Energy, Inc. | 90,838 | 1,257,198 |
ProPetro Holding Corp. * | 20,065 | 213,291 |
Valaris Ltd. * | 5,812 | 435,784 |
Weatherford International plc * | 2,682 | 242,265 |
11,114,745 | ||
Entertainment — 0.0% ^ | ||
Marcus Corp. (The) (a) | 8,194 | 127,007 |
Financial Services — 2.2% | ||
Essent Group Ltd. | 60,752 | 2,872,962 |
Euronet Worldwide, Inc. * | 4,104 | 325,776 |
EVERTEC, Inc. (Puerto Rico) | 49,940 | 1,856,769 |
MGIC Investment Corp. | 148,959 | 2,486,126 |
Mr. Cooper Group, Inc. * | 46,837 | 2,508,590 |
NMI Holdings, Inc., Class A * | 55,761 | 1,510,565 |
Radian Group, Inc. | 39,809 | 999,604 |
Voya Financial, Inc. | 32,621 | 2,167,665 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Financial Services — continued | ||
Walker & Dunlop, Inc. | 7,804 | 579,369 |
WEX, Inc. * | 17,825 | 3,352,704 |
18,660,130 | ||
Food Products — 1.4% | ||
Darling Ingredients, Inc. * | 44,494 | 2,322,587 |
Flowers Foods, Inc. | 50,657 | 1,123,572 |
Fresh Del Monte Produce, Inc. | 8,234 | 212,767 |
Hostess Brands, Inc. * | 35,752 | 1,190,899 |
Ingredion, Inc. | 31,698 | 3,119,083 |
John B Sanfilippo & Son, Inc. | 2,706 | 267,353 |
Pilgrim's Pride Corp. * | 50,682 | 1,157,070 |
Post Holdings, Inc. * (a) | 14,329 | 1,228,568 |
Simply Good Foods Co. (The) * | 22,317 | 770,383 |
11,392,282 | ||
Gas Utilities — 0.7% | ||
Chesapeake Utilities Corp. | 18,208 | 1,779,832 |
ONE Gas, Inc. | 17,791 | 1,214,769 |
Southwest Gas Holdings, Inc. | 4,181 | 252,574 |
Spire, Inc. (a) | 7,194 | 407,037 |
UGI Corp. | 77,165 | 1,774,795 |
5,429,007 | ||
Ground Transportation — 1.9% | ||
ArcBest Corp. | 13,817 | 1,404,498 |
Avis Budget Group, Inc. * | 12,706 | 2,283,141 |
Knight-Swift Transportation Holdings, Inc. | 43,296 | 2,171,294 |
Landstar System, Inc. | 19,575 | 3,463,601 |
Ryder System, Inc. | 13,128 | 1,404,040 |
Saia, Inc. * | 6,810 | 2,714,807 |
Werner Enterprises, Inc. | 10,894 | 424,321 |
XPO, Inc. * | 29,187 | 2,179,101 |
16,044,803 | ||
Health Care Equipment & Supplies — 3.0% | ||
Avanos Medical, Inc. * | 12,035 | 243,348 |
CONMED Corp. | 6,620 | 667,627 |
Envista Holdings Corp. * | 95,257 | 2,655,765 |
Glaukos Corp. * | 20,983 | 1,578,971 |
Globus Medical, Inc., Class A * | 55,353 | 2,748,276 |
Haemonetics Corp. * | 30,325 | 2,716,514 |
Inari Medical, Inc. * | 15,472 | 1,011,869 |
Integer Holdings Corp. * | 8,602 | 674,655 |
Integra LifeSciences Holdings Corp. * | 18,921 | 722,593 |
Lantheus Holdings, Inc. * | 48,267 | 3,353,591 |
LivaNova plc * | 11,663 | 616,739 |
Masimo Corp. * | 25,399 | 2,226,984 |
Merit Medical Systems, Inc. * | 13,424 | 926,525 |
Neogen Corp. * | 118,818 | 2,202,886 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Health Care Equipment & Supplies — continued | ||
Omnicell, Inc. * | 11,105 | 500,169 |
Orthofix Medical, Inc. * | 12,961 | 166,678 |
Shockwave Medical, Inc. * | 9,808 | 1,952,773 |
Varex Imaging Corp. * | 10,724 | 201,504 |
25,167,467 | ||
Health Care Providers & Services — 2.9% | ||
Acadia Healthcare Co., Inc. * | 23,525 | 1,654,043 |
Addus HomeCare Corp. * | 4,014 | 341,953 |
Amedisys, Inc. * | 22,143 | 2,068,156 |
AMN Healthcare Services, Inc. * | 5,587 | 475,901 |
Chemed Corp. | 4,398 | 2,285,641 |
Encompass Health Corp. | 57,609 | 3,869,020 |
Enhabit, Inc. * (a) | 12,652 | 142,335 |
Ensign Group, Inc. (The) | 13,525 | 1,256,878 |
Fulgent Genetics, Inc. * | 40,524 | 1,083,612 |
HealthEquity, Inc. * | 39,870 | 2,912,503 |
ModivCare, Inc. * | 12,122 | 381,964 |
Option Care Health, Inc. * | 69,143 | 2,236,776 |
Progyny, Inc. * | 58,280 | 1,982,686 |
R1 RCM, Inc. * | 30,989 | 467,004 |
RadNet, Inc. * | 11,468 | 323,283 |
Tenet Healthcare Corp. * | 41,866 | 2,758,551 |
24,240,306 | ||
Health Care REITs — 0.5% | ||
CareTrust REIT, Inc. | 24,450 | 501,225 |
Community Healthcare Trust, Inc. | 56,213 | 1,669,526 |
Physicians Realty Trust | 122,527 | 1,493,604 |
Sabra Health Care REIT, Inc. | 60,489 | 843,217 |
4,507,572 | ||
Health Care Technology — 0.1% | ||
HealthStream, Inc. | 7,914 | 170,784 |
NextGen Healthcare, Inc. * | 16,631 | 394,653 |
Veradigm, Inc. * | 51,962 | 682,781 |
1,248,218 | ||
Hotel & Resort REITs — 0.3% | ||
Apple Hospitality REIT, Inc. | 78,332 | 1,201,613 |
Park Hotels & Resorts, Inc. | 66,059 | 813,847 |
Xenia Hotels & Resorts, Inc. | 30,303 | 356,969 |
2,372,429 | ||
Hotels, Restaurants & Leisure — 2.1% | ||
BJ's Restaurants, Inc. * | 6,261 | 146,883 |
Bloomin' Brands, Inc. | 20,263 | 498,267 |
Boyd Gaming Corp. | 22,381 | 1,361,436 |
Brinker International, Inc. * | 36,291 | 1,146,433 |
Cheesecake Factory, Inc. (The) | 14,664 | 444,319 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Hotels, Restaurants & Leisure — continued | ||
Churchill Downs, Inc. | 13,431 | 1,558,533 |
Cracker Barrel Old Country Store, Inc. (a) | 4,413 | 296,554 |
Dave & Buster's Entertainment, Inc. * (a) | 13,625 | 505,079 |
Golden Entertainment, Inc. | 9,146 | 312,610 |
Jack in the Box, Inc. | 6,720 | 464,083 |
Light & Wonder, Inc. * | 16,610 | 1,184,791 |
Marriott Vacations Worldwide Corp. | 10,909 | 1,097,773 |
Papa John's International, Inc. (a) | 6,540 | 446,159 |
Planet Fitness, Inc., Class A * | 25,222 | 1,240,418 |
Texas Roadhouse, Inc. | 15,916 | 1,529,527 |
Travel + Leisure Co. | 31,238 | 1,147,372 |
Wendy's Co. (The) | 34,534 | 704,839 |
Wyndham Hotels & Resorts, Inc. | 50,844 | 3,535,692 |
17,620,768 | ||
Household Durables — 2.1% | ||
Cavco Industries, Inc. * | 2,152 | 571,700 |
KB Home | 24,269 | 1,123,169 |
La-Z-Boy, Inc. | 12,307 | 380,040 |
Meritage Homes Corp. | 16,014 | 1,959,954 |
Taylor Morrison Home Corp. * | 34,554 | 1,472,346 |
Tempur Sealy International, Inc. | 51,798 | 2,244,926 |
Toll Brothers, Inc. | 79,401 | 5,872,498 |
Tri Pointe Homes, Inc. * | 137,983 | 3,773,835 |
17,398,468 | ||
Household Products — 0.5% | ||
Central Garden & Pet Co. * | 27,629 | 1,219,544 |
Central Garden & Pet Co., Class A * | 55,612 | 2,229,485 |
Energizer Holdings, Inc. | 17,729 | 568,037 |
4,017,066 | ||
Independent Power and Renewable Electricity Producers — 0.4% | ||
Vistra Corp. | 88,474 | 2,935,567 |
Industrial REITs — 1.5% | ||
EastGroup Properties, Inc. | 18,973 | 3,159,574 |
First Industrial Realty Trust, Inc. | 69,471 | 3,306,125 |
Innovative Industrial Properties, Inc. (a) | 10,858 | 821,516 |
LXP Industrial Trust | 79,457 | 707,168 |
Rexford Industrial Realty, Inc. | 67,035 | 3,308,177 |
STAG Industrial, Inc. | 35,222 | 1,215,511 |
12,518,071 | ||
Insurance — 3.8% | ||
American Financial Group, Inc. | 24,135 | 2,695,155 |
Assured Guaranty Ltd. | 16,169 | 978,548 |
CNO Financial Group, Inc. | 33,279 | 789,711 |
Employers Holdings, Inc. | 8,070 | 322,397 |
Fidelity National Financial, Inc. | 74,714 | 3,085,688 |
First American Financial Corp. | 27,407 | 1,548,221 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Insurance — continued | ||
Hanover Insurance Group, Inc. (The) | 3,163 | 351,030 |
Horace Mann Educators Corp. | 10,722 | 315,012 |
James River Group Holdings Ltd. | 43,506 | 667,817 |
Kinsale Capital Group, Inc. | 3,460 | 1,432,890 |
Mercury General Corp. | 7,080 | 198,452 |
Old Republic International Corp. | 76,496 | 2,060,802 |
Palomar Holdings, Inc. * | 6,261 | 317,746 |
Primerica, Inc. | 7,150 | 1,387,172 |
Reinsurance Group of America, Inc. | 29,743 | 4,318,386 |
RenaissanceRe Holdings Ltd. (Bermuda) | 17,267 | 3,417,485 |
RLI Corp. | 19,973 | 2,714,131 |
Selective Insurance Group, Inc. | 4,537 | 468,082 |
Unum Group | 88,572 | 4,356,857 |
31,425,582 | ||
Interactive Media & Services — 0.3% | ||
Cars.com, Inc. * | 17,000 | 286,620 |
QuinStreet, Inc. * | 35,737 | 320,561 |
TripAdvisor, Inc. * | 25,667 | 425,559 |
Yelp, Inc. * | 18,008 | 748,952 |
Ziff Davis, Inc. * | 13,071 | 832,492 |
2,614,184 | ||
IT Services — 0.1% | ||
Perficient, Inc. * | 9,310 | 538,677 |
Leisure Products — 0.8% | ||
Brunswick Corp. | 23,979 | 1,894,341 |
Mattel, Inc. * | 90,310 | 1,989,529 |
Polaris, Inc. (a) | 15,399 | 1,603,652 |
YETI Holdings, Inc. * | 18,473 | 890,768 |
6,378,290 | ||
Life Sciences Tools & Services — 0.6% | ||
Azenta, Inc. * | 20,889 | 1,048,419 |
Bruker Corp. | 26,648 | 1,660,170 |
Medpace Holdings, Inc. * | 7,104 | 1,720,091 |
Repligen Corp. * (a) | 4,953 | 787,577 |
5,216,257 | ||
Machinery — 5.3% | ||
AGCO Corp. | 30,891 | 3,653,787 |
Alamo Group, Inc. | 6,727 | 1,162,829 |
Chart Industries, Inc. * | 9,310 | 1,574,507 |
Crane Co. | 12,065 | 1,071,855 |
Esab Corp. | 11,529 | 809,566 |
Federal Signal Corp. | 15,483 | 924,800 |
Flowserve Corp. | 35,267 | 1,402,569 |
Franklin Electric Co., Inc. | 32,178 | 2,871,243 |
Graco, Inc. | 46,373 | 3,379,664 |
Hillenbrand, Inc. | 28,283 | 1,196,654 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Machinery — continued | ||
ITT, Inc. | 45,182 | 4,423,770 |
John Bean Technologies Corp. | 8,018 | 843,012 |
Kennametal, Inc. | 22,327 | 555,496 |
Lincoln Electric Holdings, Inc. | 11,390 | 2,070,588 |
Lindsay Corp. | 2,816 | 331,387 |
Middleby Corp. (The) * | 15,123 | 1,935,744 |
Mueller Industries, Inc. | 32,139 | 2,415,567 |
Oshkosh Corp. | 32,735 | 3,123,901 |
RBC Bearings, Inc. * | 7,343 | 1,719,217 |
SPX Technologies, Inc. * | 11,185 | 910,459 |
Standex International Corp. | 20,166 | 2,937,985 |
Terex Corp. | 19,122 | 1,101,810 |
Timken Co. (The) | 25,723 | 1,890,383 |
Titan International, Inc. * | 15,312 | 205,640 |
Toro Co. (The) | 7,742 | 643,360 |
Watts Water Technologies, Inc., Class A | 5,938 | 1,026,205 |
44,181,998 | ||
Marine Transportation — 0.3% | ||
Kirby Corp. * | 16,271 | 1,347,239 |
Matson, Inc. | 12,035 | 1,067,745 |
2,414,984 | ||
Media — 0.5% | ||
Cable One, Inc. | 2,630 | 1,619,133 |
John Wiley & Sons, Inc., Class A | 11,362 | 422,326 |
New York Times Co. (The), Class A | 44,322 | 1,826,066 |
3,867,525 | ||
Metals & Mining — 2.0% | ||
Alcoa Corp. | 27,286 | 792,931 |
ATI, Inc. * (a) | 49,746 | 2,047,048 |
Cleveland-Cliffs, Inc. * | 130,552 | 2,040,528 |
Commercial Metals Co. | 55,454 | 2,739,982 |
Haynes International, Inc. | 10,189 | 473,992 |
Materion Corp. | 10,273 | 1,046,921 |
Reliance Steel & Aluminum Co. | 23,717 | 6,219,309 |
Royal Gold, Inc. | 4,558 | 484,652 |
SunCoke Energy, Inc. | 73,325 | 744,249 |
United States Steel Corp. (a) | 15,437 | 501,394 |
17,091,006 | ||
Mortgage Real Estate Investment Trusts (REITs) — 0.6% | ||
Annaly Capital Management, Inc. (a) | 145,972 | 2,745,733 |
Ellington Financial, Inc. (a) | 12,922 | 161,137 |
KKR Real Estate Finance Trust, Inc. | 17,172 | 203,832 |
PennyMac Mortgage Investment Trust | 26,628 | 330,187 |
Ready Capital Corp. (a) | 82,858 | 837,695 |
Starwood Property Trust, Inc. | 33,657 | 651,263 |
4,929,847 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Multi-Utilities — 0.3% | ||
Northwestern Energy Group, Inc. | 21,589 | 1,037,568 |
Unitil Corp. | 25,423 | 1,085,816 |
2,123,384 | ||
Office REITs — 0.7% | ||
Brandywine Realty Trust | 128,034 | 581,274 |
COPT Defense Properties | 46,797 | 1,115,172 |
Cousins Properties, Inc. | 41,445 | 844,235 |
Highwoods Properties, Inc. | 45,437 | 936,457 |
Hudson Pacific Properties, Inc. | 37,450 | 249,042 |
Kilroy Realty Corp. | 52,557 | 1,661,327 |
SL Green Realty Corp. (a) | 15,579 | 581,097 |
5,968,604 | ||
Oil, Gas & Consumable Fuels — 4.0% | ||
Antero Midstream Corp. | 75,277 | 901,819 |
Antero Resources Corp. * | 30,942 | 785,308 |
California Resources Corp. | 18,912 | 1,059,261 |
Callon Petroleum Co. * | 11,223 | 439,044 |
Chord Energy Corp. | 16,386 | 2,655,679 |
Civitas Resources, Inc. (a) | 30,267 | 2,447,692 |
CNX Resources Corp. * | 23,980 | 541,468 |
CONSOL Energy, Inc. | 12,924 | 1,355,857 |
Dorian LPG Ltd. | 7,564 | 217,314 |
DT Midstream, Inc. | 14,658 | 775,701 |
Equitrans Midstream Corp. | 104,398 | 978,209 |
Green Plains, Inc. * | 29,506 | 888,131 |
HF Sinclair Corp. | 48,892 | 2,783,422 |
Matador Resources Co. | 62,863 | 3,739,091 |
Murphy Oil Corp. | 38,431 | 1,742,846 |
Ovintiv, Inc. | 38,599 | 1,836,154 |
PBF Energy, Inc., Class A | 22,381 | 1,198,055 |
Range Resources Corp. | 78,344 | 2,539,129 |
REX American Resources Corp. * | 13,138 | 534,979 |
SM Energy Co. | 68,019 | 2,696,953 |
Southwestern Energy Co. * | 461,085 | 2,973,998 |
Talos Energy, Inc. * | 9,426 | 154,964 |
World Kinect Corp. | 16,581 | 371,912 |
33,616,986 | ||
Paper & Forest Products — 0.2% | ||
Louisiana-Pacific Corp. | 26,056 | 1,440,115 |
Passenger Airlines — 0.0% ^ | ||
Hawaiian Holdings, Inc. * (a) | 22,671 | 143,507 |
Personal Care Products — 0.7% | ||
BellRing Brands, Inc. * | 37,017 | 1,526,211 |
Coty, Inc., Class A * | 77,893 | 854,486 |
Edgewell Personal Care Co. | 13,233 | 489,092 |
elf Beauty, Inc. * | 13,438 | 1,475,895 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Personal Care Products — continued | ||
Inter Parfums, Inc. | 4,996 | 671,163 |
Medifast, Inc. | 12,607 | 943,634 |
USANA Health Sciences, Inc. * | 3,011 | 176,475 |
6,136,956 | ||
Pharmaceuticals — 0.8% | ||
Innoviva, Inc. * | 163,730 | 2,126,853 |
Jazz Pharmaceuticals plc * | 22,477 | 2,909,423 |
Prestige Consumer Healthcare, Inc. * | 15,412 | 881,412 |
Supernus Pharmaceuticals, Inc. * | 12,961 | 357,335 |
6,275,023 | ||
Professional Services — 3.0% | ||
ASGN, Inc. * | 15,312 | 1,250,684 |
CACI International, Inc., Class A * | 12,429 | 3,901,836 |
Concentrix Corp. | 2,910 | 233,120 |
ExlService Holdings, Inc. * | 46,952 | 1,316,534 |
FTI Consulting, Inc. * | 9,397 | 1,676,519 |
Genpact Ltd. | 95,057 | 3,441,063 |
Heidrick & Struggles International, Inc. | 33,485 | 837,795 |
Insperity, Inc. | 8,862 | 864,931 |
KBR, Inc. | 35,579 | 2,097,026 |
Kelly Services, Inc., Class A | 10,724 | 195,070 |
Korn Ferry | 36,945 | 1,752,671 |
ManpowerGroup, Inc. | 32,084 | 2,352,399 |
Maximus, Inc. | 17,459 | 1,303,838 |
Paylocity Holding Corp. * | 9,611 | 1,746,319 |
Resources Connection, Inc. | 31,366 | 467,667 |
Science Applications International Corp. | 13,414 | 1,415,713 |
24,853,185 | ||
Real Estate Management & Development — 0.3% | ||
Anywhere Real Estate, Inc. * | 81,833 | 526,186 |
Jones Lang LaSalle, Inc. * | 15,259 | 2,154,266 |
2,680,452 | ||
Residential REITs — 0.5% | ||
Apartment Income REIT Corp. | 39,490 | 1,212,343 |
Centerspace | 12,616 | 760,240 |
Equity LifeStyle Properties, Inc. (a) | 32,441 | 2,066,816 |
NexPoint Residential Trust, Inc. | 6,681 | 214,995 |
Veris Residential, Inc. | 19,244 | 317,526 |
4,571,920 | ||
Retail REITs — 1.8% | ||
Agree Realty Corp. | 50,951 | 2,814,533 |
Brixmor Property Group, Inc. | 156,642 | 3,255,021 |
Kite Realty Group Trust | 59,725 | 1,279,309 |
Macerich Co. (The) | 15,435 | 168,396 |
NNN REIT, Inc. | 76,077 | 2,688,561 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Retail REITs — continued | ||
Retail Opportunity Investments Corp. | 153,752 | 1,903,450 |
RPT Realty | 24,919 | 263,145 |
Saul Centers, Inc. | 2,995 | 105,634 |
SITE Centers Corp. | 50,353 | 620,852 |
Spirit Realty Capital, Inc. | 42,542 | 1,426,433 |
Tanger Factory Outlet Centers, Inc. | 8,118 | 183,467 |
Whitestone | 8,746 | 84,224 |
14,793,025 | ||
Semiconductors & Semiconductor Equipment — 3.3% | ||
Axcelis Technologies, Inc. * | 9,611 | 1,567,074 |
Cirrus Logic, Inc. * | 43,326 | 3,204,391 |
Cohu, Inc. * | 11,105 | 382,456 |
Diodes, Inc. * | 10,824 | 853,364 |
FormFactor, Inc. * | 23,315 | 814,626 |
Ichor Holdings Ltd. * | 35,832 | 1,109,359 |
Kulicke & Soffa Industries, Inc. (Singapore) | 62,246 | 3,027,023 |
Lattice Semiconductor Corp. * | 38,151 | 3,278,315 |
MaxLinear, Inc. * | 18,989 | 422,505 |
MKS Instruments, Inc. | 14,532 | 1,257,599 |
Photronics, Inc. * | 15,787 | 319,055 |
Power Integrations, Inc. | 15,577 | 1,188,681 |
Rambus, Inc. * | 30,520 | 1,702,711 |
Semtech Corp. * | 18,373 | 473,105 |
Silicon Laboratories, Inc. * | 21,452 | 2,486,072 |
SiTime Corp. * | 4,158 | 475,052 |
SMART Global Holdings, Inc. * | 58,102 | 1,414,784 |
Synaptics, Inc. * | 9,246 | 826,962 |
Ultra Clean Holdings, Inc. * | 21,399 | 634,908 |
Universal Display Corp. | 11,298 | 1,773,673 |
Veeco Instruments, Inc. * | 1,843 | 51,807 |
Wolfspeed, Inc. * (a) | 17,825 | 679,133 |
27,942,655 | ||
Software — 2.9% | ||
ACI Worldwide, Inc. * | 29,137 | 657,331 |
Adeia, Inc. | 100,013 | 1,068,139 |
Alarm.com Holdings, Inc. * | 5,707 | 348,926 |
Aspen Technology, Inc. * | 7,819 | 1,597,109 |
Blackbaud, Inc. * | 12,770 | 897,986 |
DoubleVerify Holdings, Inc. * | 54,200 | 1,514,890 |
Dynatrace, Inc. * | 55,896 | 2,612,020 |
Envestnet, Inc. * | 34,986 | 1,540,434 |
InterDigital, Inc. | 8,672 | 695,841 |
LiveRamp Holdings, Inc. * | 81,241 | 2,342,990 |
Manhattan Associates, Inc. * | 17,629 | 3,484,548 |
NCR Corp. * | 55,236 | 1,489,715 |
Progress Software Corp. | 8,390 | 441,146 |
Qualys, Inc. * | 8,762 | 1,336,643 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Software — continued | ||
SPS Commerce, Inc. * | 10,726 | 1,829,963 |
Teradata Corp. * | 28,083 | 1,264,297 |
Xperi, Inc. * | 103,174 | 1,017,296 |
24,139,274 | ||
Specialized REITs — 1.7% | ||
CubeSmart | 93,798 | 3,576,518 |
EPR Properties | 9,711 | 403,395 |
Four Corners Property Trust, Inc. | 23,864 | 529,542 |
Gaming and Leisure Properties, Inc. | 48,823 | 2,223,887 |
Lamar Advertising Co., Class A | 23,874 | 1,992,763 |
National Storage Affiliates Trust | 71,892 | 2,281,852 |
PotlatchDeltic Corp. | 29,102 | 1,320,940 |
Rayonier, Inc. | 67,146 | 1,910,975 |
14,239,872 | ||
Specialty Retail — 3.6% | ||
Abercrombie & Fitch Co., Class A * | 15,966 | 900,003 |
American Eagle Outfitters, Inc. | 56,715 | 942,036 |
Asbury Automotive Group, Inc. * | 8,852 | 2,036,580 |
AutoNation, Inc. * | 20,723 | 3,137,462 |
Boot Barn Holdings, Inc. * | 7,848 | 637,179 |
Caleres, Inc. | 12,770 | 367,265 |
Chico's FAS, Inc. * | 28,637 | 214,205 |
Designer Brands, Inc., Class A | 18,562 | 234,995 |
Dick's Sporting Goods, Inc. (a) | 18,033 | 1,958,023 |
Five Below, Inc. * | 11,563 | 1,860,487 |
Group 1 Automotive, Inc. | 10,276 | 2,761,264 |
Guess?, Inc. (a) | 12,961 | 280,476 |
Haverty Furniture Cos., Inc. | 4,489 | 129,193 |
Lithia Motors, Inc., Class A | 7,005 | 2,068,787 |
Murphy USA, Inc. | 6,056 | 2,069,517 |
ODP Corp. (The) * | 14,900 | 687,635 |
RH * | 4,104 | 1,084,934 |
Sally Beauty Holdings, Inc. * | 57,964 | 485,738 |
Shoe Carnival, Inc. | 5,214 | 125,292 |
Signet Jewelers Ltd. | 15,577 | 1,118,584 |
Sleep Number Corp. * | 6,166 | 151,622 |
Upbound Group, Inc. | 31,981 | 941,841 |
Urban Outfitters, Inc. * | 18,857 | 616,435 |
Valvoline, Inc. | 51,698 | 1,666,744 |
Williams-Sonoma, Inc. (a) | 22,566 | 3,506,756 |
29,983,053 | ||
Technology Hardware, Storage & Peripherals — 0.7% | ||
Avid Technology, Inc. * | 76,090 | 2,044,538 |
Super Micro Computer, Inc. * | 12,502 | 3,428,299 |
5,472,837 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Textiles, Apparel & Luxury Goods — 1.7% | ||
Capri Holdings Ltd. * | 42,261 | 2,223,351 |
Carter's, Inc. | 8,862 | 612,807 |
Columbia Sportswear Co. | 2,252 | 166,873 |
Crocs, Inc. * | 17,264 | 1,523,203 |
Deckers Outdoor Corp. * | 7,742 | 3,980,085 |
G-III Apparel Group Ltd. * | 11,563 | 288,150 |
Kontoor Brands, Inc. | 15,202 | 667,520 |
Oxford Industries, Inc. | 4,104 | 394,518 |
PVH Corp. | 17,766 | 1,359,277 |
Skechers U.S.A., Inc., Class A * | 48,088 | 2,353,908 |
Steven Madden Ltd. | 22,072 | 701,227 |
Wolverine World Wide, Inc. | 22,107 | 178,182 |
14,449,101 | ||
Tobacco — 0.0% ^ | ||
Vector Group Ltd. | 32,472 | 345,502 |
Trading Companies & Distributors — 1.6% | ||
Boise Cascade Co. | 17,629 | 1,816,492 |
DXP Enterprises, Inc. * | 3,460 | 120,892 |
GATX Corp. | 6,060 | 659,510 |
GMS, Inc. * | 47,739 | 3,053,864 |
MSC Industrial Direct Co., Inc., Class A | 12,501 | 1,226,973 |
NOW, Inc. * | 181,501 | 2,154,417 |
Veritiv Corp. | 3,894 | 657,697 |
Watsco, Inc. (a) | 8,896 | 3,360,197 |
13,050,042 | ||
Water Utilities — 0.5% | ||
American States Water Co. | 9,655 | 759,655 |
California Water Service Group | 12,770 | 604,149 |
Essential Utilities, Inc. | 88,811 | 3,048,882 |
4,412,686 | ||
Wireless Telecommunication Services — 0.1% | ||
Gogo, Inc. * | 61,019 | 727,957 |
Total Common Stocks (Cost $641,833,486) | 828,252,948 | |
Short-Term Investments — 3.7% | ||
Investment Companies — 0.7% | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.27% (b) (c) (Cost $5,254,612) | 5,254,612 | 5,254,612 |
Investment of Cash Collateral from Securities Loaned — 3.0% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.52% (b) (c) | 21,994,102 | 21,998,501 |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
INVESTMENTS | SHARES | VALUE($) |
Short-Term Investments — continued | ||
Investment of Cash Collateral from Securities Loaned — continued | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.27% (b) (c) | 3,149,031 | 3,149,031 |
Total Investment of Cash Collateral from Securities Loaned (Cost $25,148,932) | 25,147,532 | |
Total Short-Term Investments (Cost $30,403,544) | 30,402,144 | |
Total Investments — 102.8% (Cost $672,237,030) | 858,655,092 | |
Liabilities in Excess of Other Assets — (2.8)% | (23,205,078 ) | |
NET ASSETS — 100.0% | 835,450,014 |
Percentages indicated are based on net assets. |
Abbreviations | |
REIT | Real Estate Investment Trust |
^ | Amount rounds to less than 0.1% of net assets. | |
* | Non-income producing security. | |
(a) | The security or a portion of this security is on loan at September 30, 2023. The total value of securities on loan at September 30, 2023 is $24,658,011. | |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(c) | The rate shown is the current yield as of September 30, 2023. |
Futures contracts outstanding as of September 30, 2023:
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
Russell 2000 E-Mini Index | 4 | 12/15/2023 | USD | 359,560 | 781 |
S&P MidCap 400 E-Mini Index | 9 | 12/15/2023 | USD | 2,267,370 | (24,964 ) |
(24,183 ) |
Abbreviations | |
USD | United States Dollar |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (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.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.
Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset value (“NAV”) of the Fund is calculated on a valuation date.
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.
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Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
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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.
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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) | $858,655,092 | $— | $— | $858,655,092 |
Appreciation in Other Financial Instruments | ||||
Futures Contracts (a) | $781 | $— | $— | $781 |
Depreciation in Other Financial Instruments | ||||
Futures Contracts (a) | (24,964 ) | — | — | (24,964 ) |
Total Net Appreciation/ Depreciation in Other Financial Instruments | $(24,183 ) | $— | $— | $(24,183 ) |
(a) | Please refer to the SOI for specifics of portfolio holdings. |
JPMorgan Market Expansion Enhanced Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF September 30, 2023 (Unaudited) (continued)
B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.
For the period ended September 30, 2023 | |||||||||
Security Description | Value at June 30, 2023 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation/ (Depreciation) | Value at September 30, 2023 | Shares at September 30, 2023 | Dividend Income | Capital Gain Distributions |
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.52% (a) (b) | $17,998,200 | $56,000,001 | $52,000,000 | $1,700 | $(1,400 ) | $21,998,501 | 21,994,102 | $326,818 | $— |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.27% (a) (b) | 5,817,078 | 34,479,473 | 37,147,520 | — | — | 3,149,031 | 3,149,031 | 58,740 | — |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.27% (a) (b) | 19,564,496 | 20,824,567 | 35,134,451 | — | — | 5,254,612 | 5,254,612 | 226,420 | — |
Total | $43,379,774 | $111,304,041 | $124,281,971 | $1,700 | $(1,400 ) | $30,402,144 | $611,978 | $— |
(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 September 30, 2023. |