JPMorgan BetaBuilders Emerging Markets Equity ETF
Schedule of Portfolio Investments as of January 31, 2024
(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. |
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© J.P. Morgan Chase & Co., 2024. |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — 99.5% | ||
Australia — 0.0% ^ | ||
Yancoal Australia Ltd. (a) | 19,300 | 75,309 |
Brazil — 5.3% | ||
Ambev SA | 323,721 | 855,302 |
Atacadao SA | 40,731 | 86,076 |
B3 SA - Brasil Bolsa Balcao | 413,074 | 1,090,547 |
Banco Bradesco SA | 112,549 | 311,677 |
Banco Bradesco SA (Preference) | 390,173 | 1,209,643 |
Banco BTG Pactual SA | 86,767 | 631,873 |
Banco do Brasil SA | 62,886 | 717,660 |
BB Seguridade Participacoes SA | 49,785 | 345,673 |
Braskem SA (Preference), Class A * | 14,784 | 53,354 |
Caixa Seguridade Participacoes S/A | 38,123 | 109,420 |
CCR SA | 86,800 | 230,736 |
Centrais Eletricas Brasileiras SA | 77,958 | 643,251 |
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 24,953 | 399,699 |
Cia Energetica de Minas Gerais | 21,615 | 65,442 |
Cia Energetica de Minas Gerais (Preference) | 114,464 | 266,615 |
Cia Siderurgica Nacional SA | 46,648 | 166,748 |
Companhia Paranaense de Energia * | 19,522 | 35,384 |
Companhia Paranaense de Energia (Preference) | 78,088 | 159,820 |
Cosan SA | 87,622 | 324,886 |
CPFL Energia SA | 13,901 | 101,654 |
CSN Mineracao SA | 44,321 | 61,189 |
Energisa SA | 21,423 | 218,839 |
Engie Brasil Energia SA | 19,712 | 161,415 |
Equatorial Energia SA | 82,048 | 588,399 |
Gerdau SA (Preference) | 87,215 | 370,907 |
Hapvida Participacoes e Investimentos SA * (a) | 388,864 | 306,106 |
Hypera SA * | 31,136 | 199,659 |
Itau Unibanco Holding SA (Preference) | 355,910 | 2,361,287 |
Itausa SA (Preference) | 423,125 | 857,455 |
Klabin SA | 64,960 | 280,194 |
Localiza Rent a Car SA | 64,778 | 711,402 |
Lojas Renner SA | 76,384 | 248,374 |
Natura & Co. Holding SA * | 72,712 | 235,994 |
Neoenergia SA | 41,404 | 171,653 |
Petroleo Brasileiro SA | 271,687 | 2,331,143 |
Petroleo Brasileiro SA (Preference) | 341,762 | 2,810,997 |
PRIO SA | 58,992 | 524,860 |
Raia Drogasil SA | 95,075 | 485,507 |
Rede D'Or Sao Luiz SA (a) | 96,550 | 526,364 |
Rumo SA | 90,800 | 423,174 |
Sendas Distribuidora SA | 101,823 | 282,385 |
Suzano SA | 55,916 | 584,283 |
Telefonica Brasil SA | 28,106 | 291,022 |
TIM SA | 62,440 | 219,543 |
Transmissora Alianca de Energia Eletrica S/A | 16,912 | 126,028 |
Vale SA | 266,121 | 3,652,020 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Brazil — continued | ||
Vibra Energia SA * | 90,052 | 432,593 |
WEG SA | 117,098 | 763,416 |
28,031,668 | ||
Chile — 0.5% | ||
Banco de Chile | 3,394,104 | 380,550 |
Banco de Credito e Inversiones SA | 6,479 | 171,556 |
Banco Santander Chile | 5,152,448 | 238,283 |
Cencosud SA | 100,632 | 175,126 |
Cencosud Shopping SA | 36,919 | 61,585 |
Cia Cervecerias Unidas SA | 9,710 | 58,897 |
Cia Sud Americana de Vapores SA | 1,162,896 | 83,797 |
Empresas CMPC SA | 85,904 | 139,970 |
Empresas Copec SA | 32,726 | 208,052 |
Enel Americas SA | 1,508,864 | 152,915 |
Enel Chile SA | 1,891,624 | 113,705 |
Falabella SA * | 98,039 | 233,014 |
Latam Airlines Group SA * | 13,763,298 | 170,080 |
Sociedad Quimica y Minera de Chile SA (Preference), Class B | 11,144 | 483,010 |
2,670,540 | ||
China — 23.3% | ||
360 Security Technology, Inc., Class A * | 44,800 | 42,433 |
37 Interactive Entertainment Network Technology Group Co. Ltd. | 16,800 | 38,826 |
AAC Technologies Holdings, Inc. | 56,000 | 125,750 |
AECC Aviation Power Co. Ltd., Class A | 16,800 | 73,415 |
Agricultural Bank of China Ltd., Class A | 1,002,400 | 542,447 |
Agricultural Bank of China Ltd., Class H | 2,077,000 | 804,196 |
Airtac International Group | 11,000 | 329,667 |
Akeso, Inc. * (a) | 39,000 | 198,031 |
Alibaba Group Holding Ltd. | 1,287,100 | 11,543,972 |
Alibaba Health Information Technology Ltd. * | 374,000 | 137,429 |
Aluminum Corp. of China Ltd., Class A | 79,700 | 63,262 |
Aluminum Corp. of China Ltd., Class H | 306,000 | 149,133 |
Anhui Conch Cement Co. Ltd., Class A | 24,700 | 79,420 |
Anhui Conch Cement Co. Ltd., Class H | 91,500 | 183,268 |
Anhui Gujing Distillery Co. Ltd., Class A | 2,600 | 72,061 |
Anhui Jianghuai Automobile Group Corp. Ltd., Class A * | 12,100 | 20,543 |
Anjoy Foods Group Co. Ltd., Class A | 5,700 | 58,994 |
ANTA Sports Products Ltd. | 99,400 | 838,981 |
Asymchem Laboratories Tianjin Co. Ltd., Class A | 5,700 | 67,978 |
Autohome, Inc., Class A | 19,400 | 118,283 |
Baidu, Inc., Class A * | 165,700 | 2,145,354 |
Baiyin Nonferrous Group Co. Ltd., Class A | 984,100 | 335,762 |
Bank of Beijing Co. Ltd., Class A | 130,700 | 92,685 |
Bank of China Ltd., Class H | 5,835,000 | 2,189,703 |
Bank of Communications Co. Ltd., Class A | 246,400 | 205,927 |
Bank of Communications Co. Ltd., Class H | 534,000 | 315,917 |
Bank of Jiangsu Co. Ltd., Class A | 96,100 | 97,874 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Bank of Nanjing Co. Ltd., Class A | 63,900 | 73,807 |
Bank of Ningbo Co. Ltd., Class A | 44,800 | 134,293 |
Baoshan Iron & Steel Co. Ltd., Class A | 137,800 | 118,025 |
BeiGene Ltd. * | 59,900 | 678,860 |
Beijing Enterprises Holdings Ltd. | 56,000 | 202,682 |
Beijing Kingsoft Office Software, Inc., Class A | 3,357 | 99,664 |
Beijing Tongrentang Co. Ltd., Class A | 11,300 | 68,700 |
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A | 5,800 | 43,555 |
Bilibili, Inc., Class Z * | 18,740 | 169,211 |
BOC Aviation Ltd. (a) | 16,800 | 125,956 |
BOC Hong Kong Holdings Ltd. | 263,000 | 630,357 |
BOE Technology Group Co. Ltd., Class A | 235,200 | 117,782 |
Bosideng International Holdings Ltd. | 252,000 | 113,918 |
BYD Co. Ltd., Class A | 4,500 | 107,159 |
BYD Co. Ltd., Class H | 72,500 | 1,623,288 |
BYD Electronic International Co. Ltd. | 56,500 | 193,547 |
C&D International Investment Group Ltd. | 61,000 | 100,730 |
Cambricon Technologies Corp. Ltd., Class A * | 2,627 | 39,817 |
CGN Power Co. Ltd., Class H (a) | 739,000 | 207,086 |
Changchun High & New Technology Industry Group, Inc., Class A | 5,600 | 89,008 |
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A | 5,600 | 98,688 |
China CITIC Bank Corp. Ltd., Class H | 667,000 | 330,567 |
China Coal Energy Co. Ltd., Class H | 162,000 | 177,905 |
China Construction Bank Corp., Class H | 7,187,000 | 4,268,098 |
China CSSC Holdings Ltd., Class A | 28,000 | 119,121 |
China Eastern Airlines Corp. Ltd., Class A * | 159,000 | 82,807 |
China Everbright Bank Co. Ltd., Class A | 286,900 | 125,833 |
China Everbright Environment Group Ltd. | 272,000 | 94,868 |
China Feihe Ltd. (a) | 280,000 | 128,278 |
China First Heavy Industries Co. Ltd., Class A * | 1,034,800 | 377,088 |
China Galaxy Securities Co. Ltd., Class H | 268,500 | 131,556 |
China Gas Holdings Ltd. | 231,600 | 211,155 |
China Hongqiao Group Ltd. | 190,500 | 139,658 |
China International Capital Corp. Ltd., Class A | 13,200 | 59,376 |
China International Capital Corp. Ltd., Class H (a) | 134,400 | 159,754 |
China Jushi Co. Ltd., Class A | 37,800 | 48,273 |
China Lesso Group Holdings Ltd. | 76,000 | 33,669 |
China Life Insurance Co. Ltd., Class H | 546,000 | 629,452 |
China Literature Ltd. * (a) | 33,600 | 97,727 |
China Longyuan Power Group Corp. Ltd., Class H | 260,000 | 156,835 |
China Medical System Holdings Ltd. | 96,000 | 137,187 |
China Mengniu Dairy Co. Ltd. | 235,000 | 520,694 |
China Merchants Bank Co. Ltd., Class A | 134,400 | 575,117 |
China Merchants Bank Co. Ltd., Class H | 254,500 | 927,751 |
China Merchants Energy Shipping Co. Ltd., Class A | 50,300 | 45,686 |
China Merchants Port Holdings Co. Ltd. | 114,000 | 140,947 |
China Merchants Securities Co. Ltd., Class A | 44,800 | 83,402 |
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | 50,400 | 61,611 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
China Minsheng Banking Corp. Ltd., Class A | 224,000 | 123,116 |
China Minsheng Banking Corp. Ltd., Class H | 504,000 | 167,627 |
China National Building Material Co. Ltd., Class H | 350,000 | 123,460 |
China National Nuclear Power Co. Ltd., Class A | 116,800 | 134,726 |
China Northern Rare Earth Group High-Tech Co. Ltd., Class A | 22,400 | 52,597 |
China Oilfield Services Ltd., Class H | 140,000 | 134,555 |
China Overseas Land & Investment Ltd. | 308,000 | 465,939 |
China Pacific Insurance Group Co. Ltd., Class A | 37,800 | 131,187 |
China Pacific Insurance Group Co. Ltd., Class H | 194,400 | 357,691 |
China Petroleum & Chemical Corp., Class A | 286,900 | 238,173 |
China Petroleum & Chemical Corp., Class H | 1,730,000 | 899,952 |
China Power International Development Ltd. | 382,000 | 142,918 |
China Railway Group Ltd., Class A | 128,800 | 113,226 |
China Railway Group Ltd., Class H | 325,000 | 148,635 |
China Resources Beer Holdings Co. Ltd. | 122,000 | 441,194 |
China Resources Gas Group Ltd. | 69,700 | 197,668 |
China Resources Land Ltd. | 218,000 | 661,860 |
China Resources Mixc Lifestyle Services Ltd. (a) | 56,000 | 161,718 |
China Resources Pharmaceutical Group Ltd. (a) | 145,500 | 88,715 |
China Resources Power Holdings Co. Ltd. | 136,000 | 275,142 |
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 6,200 | 45,135 |
China Shenhua Energy Co. Ltd., Class A | 56,000 | 289,974 |
China Shenhua Energy Co. Ltd., Class H | 251,500 | 954,112 |
China Southern Airlines Co. Ltd., Class A * | 89,600 | 71,876 |
China Suntien Green Energy Corp. Ltd., Class A | 117,700 | 124,631 |
China Taiping Insurance Holdings Co. Ltd. | 134,400 | 111,569 |
China Three Gorges Renewables Group Co. Ltd., Class A | 179,200 | 110,444 |
China Tourism Group Duty Free Corp. Ltd., Class A | 16,800 | 186,786 |
China Tourism Group Duty Free Corp. Ltd., Class H (a) | 8,200 | 71,912 |
China Tower Corp. Ltd., Class H (a) | 3,188,000 | 354,638 |
China Vanke Co. Ltd., Class A | 61,600 | 82,446 |
China Vanke Co. Ltd., Class H | 173,600 | 136,588 |
China Yangtze Power Co. Ltd., Class A | 151,200 | 513,518 |
China Zhenhua Group Science & Technology Co. Ltd., Class A | 3,300 | 20,461 |
Chongqing Changan Automobile Co. Ltd., Class A | 56,000 | 99,740 |
Chongqing Water Group Co. Ltd., Class A | 501,900 | 405,597 |
Chow Tai Fook Jewellery Group Ltd. | 173,000 | 234,361 |
CITIC Ltd. | 468,000 | 451,711 |
CITIC Securities Co. Ltd., Class A | 78,400 | 223,964 |
CITIC Securities Co. Ltd., Class H | 140,000 | 273,241 |
CMOC Group Ltd., Class A | 112,000 | 83,723 |
CMOC Group Ltd., Class H | 282,000 | 154,467 |
COSCO SHIPPING Energy Transportation Co. Ltd., Class A | 21,600 | 39,598 |
COSCO SHIPPING Energy Transportation Co. Ltd., Class H | 112,000 | 104,140 |
COSCO SHIPPING Holdings Co. Ltd., Class H | 216,000 | 226,936 |
Country Garden Holdings Co. Ltd. * (b) | 145,000 | 11,760 |
Country Garden Services Holdings Co. Ltd. | 169,000 | 111,640 |
CSC Financial Co. Ltd., Class A | 26,200 | 81,547 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
CSPC Pharmaceutical Group Ltd. | 638,000 | 469,370 |
Daqin Railway Co. Ltd., Class A | 93,800 | 97,460 |
East Buy Holding Ltd. * (a) | 32,000 | 94,018 |
ENN Energy Holdings Ltd. | 58,500 | 435,465 |
ENN Natural Gas Co. Ltd., Class A | 19,100 | 46,415 |
Everbright Securities Co. Ltd., Class A | 24,100 | 52,465 |
Everdisplay Optronics Shanghai Co. Ltd., Class A * | 714,161 | 209,512 |
Far East Horizon Ltd. | 138,000 | 100,968 |
Flat Glass Group Co. Ltd., Class A | 11,500 | 32,613 |
Flat Glass Group Co. Ltd., Class H | 42,000 | 63,169 |
Focus Media Information Technology Co. Ltd., Class A | 105,400 | 82,910 |
Foshan Haitian Flavouring & Food Co. Ltd., Class A | 39,260 | 185,742 |
Fosun International Ltd. | 168,000 | 88,162 |
Foxconn Industrial Internet Co. Ltd., Class A | 59,900 | 110,711 |
Full Truck Alliance Co. Ltd., ADR * | 50,568 | 317,567 |
Fuyao Glass Industry Group Co. Ltd., Class H (a) | 46,000 | 207,962 |
Ganfeng Lithium Group Co. Ltd. (a) | 33,600 | 89,756 |
Ganfeng Lithium Group Co. Ltd., Class A | 11,300 | 53,532 |
GCL Technology Holdings Ltd. | 1,548,000 | 178,117 |
GD Power Development Co. Ltd., Class A | 110,300 | 68,647 |
Geely Automobile Holdings Ltd. | 427,000 | 404,736 |
Genscript Biotech Corp. * | 66,000 | 109,554 |
GF Securities Co. Ltd., Class H | 89,600 | 90,174 |
Giant Biogene Holding Co. Ltd. * (a) | 29,000 | 117,456 |
GigaDevice Semiconductor, Inc., Class A | 5,600 | 48,676 |
GoerTek, Inc., Class A | 21,300 | 45,065 |
Great Wall Motor Co. Ltd., Class A | 19,000 | 54,066 |
Great Wall Motor Co. Ltd., Class H | 170,000 | 167,383 |
Gree Electric Appliances, Inc. of Zhuhai, Class A | 39,200 | 192,524 |
Guangdong Haid Group Co. Ltd., Class A | 10,500 | 55,205 |
Guangdong Investment Ltd. | 226,000 | 131,389 |
Guanghui Energy Co. Ltd., Class A | 40,600 | 39,747 |
Guangzhou Automobile Group Co. Ltd., Class H | 220,000 | 86,958 |
Guangzhou Tinci Materials Technology Co. Ltd., Class A | 11,900 | 30,928 |
Guosen Securities Co. Ltd., Class A | 53,000 | 59,301 |
Guotai Junan Securities Co. Ltd., Class A | 45,300 | 92,172 |
H World Group Ltd. | 125,800 | 394,311 |
Haidilao International Holding Ltd. (a) | 130,000 | 204,817 |
Haier Smart Home Co. Ltd., Class A | 39,200 | 121,950 |
Haier Smart Home Co. Ltd., Class H | 171,600 | 484,884 |
Hainan Airlines Holding Co. Ltd., Class A * | 264,900 | 50,419 |
Hainan Airport Infrastructure Co. Ltd., Class A * | 70,800 | 34,383 |
Haitian International Holdings Ltd. | 77,000 | 171,395 |
Hangzhou First Applied Material Co. Ltd., Class A | 11,600 | 36,697 |
Hansoh Pharmaceutical Group Co. Ltd. (a) | 80,000 | 120,156 |
Heilongjiang Agriculture Co. Ltd., Class A | 259,600 | 411,421 |
Hengan International Group Co. Ltd. | 56,500 | 174,952 |
Hengli Petrochemical Co. Ltd., Class A * | 42,600 | 69,559 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Hisense Home Appliances Group Co. Ltd. | 27,000 | 64,819 |
Hopson Development Holdings Ltd. * | 82,178 | 37,992 |
Hoyuan Green Energy Co. Ltd. | 7,806 | 26,823 |
Hua Hong Semiconductor Ltd. * (a) | 77,000 | 139,497 |
Huadian Power International Corp. Ltd., Class A | 52,100 | 44,077 |
Huadian Power International Corp. Ltd., Class H | 126,000 | 60,425 |
Huadong Medicine Co. Ltd., Class A | 11,000 | 44,314 |
Huaneng Power International, Inc., Class A * | 72,800 | 88,629 |
Huaneng Power International, Inc., Class H * | 336,000 | 189,476 |
Huatai Securities Co. Ltd., Class A | 44,500 | 85,192 |
Huatai Securities Co. Ltd., Class H (a) | 123,200 | 145,342 |
Huaxia Bank Co. Ltd., Class A | 98,600 | 83,090 |
Huayu Automotive Systems Co. Ltd., Class A | 91,100 | 206,105 |
Huizhou Desay Sv Automotive Co. Ltd., Class A | 5,600 | 66,327 |
Hundsun Technologies, Inc., Class A | 16,800 | 49,104 |
Hygeia Healthcare Holdings Co. Ltd. (a) | 26,800 | 87,338 |
IEIT Systems Co. Ltd., Class A | 9,300 | 36,310 |
Iflytek Co. Ltd., Class A | 16,800 | 89,262 |
Industrial & Commercial Bank of China Ltd., Class A | 632,800 | 455,156 |
Industrial & Commercial Bank of China Ltd., Class H | 5,361,000 | 2,611,504 |
Industrial Bank Co. Ltd., Class A | 134,400 | 294,393 |
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A * | 274,000 | 54,098 |
Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 44,800 | 168,965 |
Inner Mongolia Yitai Coal Co. Ltd., Class B | 74,700 | 141,304 |
Innovent Biologics, Inc. * (a) | 94,500 | 380,732 |
iQIYI, Inc., ADR * | 34,449 | 115,404 |
JA Solar Technology Co. Ltd., Class A | 22,400 | 53,261 |
JD Health International, Inc. * (a) | 84,000 | 277,182 |
JD Logistics, Inc. * (a) | 173,800 | 151,758 |
JD.com, Inc., Class A | 185,350 | 2,090,032 |
Jiangsu Eastern Shenghong Co. Ltd., Class A | 39,900 | 54,912 |
Jiangsu Hengli Hydraulic Co. Ltd., Class A | 8,300 | 56,377 |
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | 44,800 | 233,960 |
Jiangsu King's Luck Brewery JSC Ltd., Class A | 7,800 | 48,058 |
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A | 11,200 | 142,534 |
Jiangsu Zhongtian Technology Co. Ltd., Class A | 21,200 | 34,132 |
Jiangxi Copper Co. Ltd., Class H | 93,000 | 130,063 |
Jinko Solar Co. Ltd., Class A | 55,090 | 60,739 |
JiuGui Liquor Co. Ltd., Class A | 5,700 | 49,313 |
Jointown Pharmaceutical Group Co. Ltd., Class A | 137,051 | 132,676 |
KE Holdings, Inc., Class A | 168,200 | 787,383 |
Kingboard Holdings Ltd. | 55,500 | 98,785 |
Kingdee International Software Group Co. Ltd. * | 224,000 | 216,533 |
Kingsoft Corp. Ltd. | 73,800 | 179,537 |
Kuaishou Technology * (a) | 172,700 | 870,466 |
Kunlun Energy Co. Ltd. | 270,000 | 241,892 |
Kweichow Moutai Co. Ltd., Class A | 7,000 | 1,564,631 |
Lenovo Group Ltd. | 532,000 | 557,042 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Li Auto, Inc., Class A * | 76,200 | 1,053,307 |
Li Ning Co. Ltd. | 181,000 | 386,674 |
Liaoning Cheng Da Co. Ltd., Class A | 51,000 | 73,358 |
Liaoning Port Co. Ltd., Class A | 2,107,200 | 401,539 |
Longfor Group Holdings Ltd. (a) | 150,500 | 166,875 |
LONGi Green Energy Technology Co. Ltd., Class A | 50,400 | 135,683 |
Luxshare Precision Industry Co. Ltd., Class A | 44,800 | 158,647 |
Luzhou Laojiao Co. Ltd., Class A | 9,000 | 184,170 |
Meituan * (a) | 397,200 | 3,194,770 |
Microport Scientific Corp. * | 56,600 | 41,800 |
MINISO Group Holding Ltd. | 30,800 | 130,269 |
Minth Group Ltd. | 70,000 | 113,465 |
Montage Technology Co. Ltd., Class A | 6,895 | 43,132 |
Muyuan Foods Co. Ltd., Class A | 39,200 | 192,405 |
NARI Technology Co. Ltd., Class A | 53,880 | 157,378 |
NAURA Technology Group Co. Ltd., Class A | 3,500 | 110,560 |
NetEase, Inc. | 130,300 | 2,532,786 |
New China Life Insurance Co. Ltd., Class A | 13,000 | 55,289 |
New China Life Insurance Co. Ltd., Class H | 66,300 | 118,321 |
New Oriental Education & Technology Group, Inc. * | 107,100 | 826,624 |
Ningbo Deye Technology Co. Ltd., Class A | 11,040 | 103,950 |
Ningbo Tuopu Group Co. Ltd., Class A | 6,900 | 46,813 |
Ningxia Baofeng Energy Group Co. Ltd., Class A | 44,300 | 82,226 |
NIO, Inc., Class A * | 110,040 | 617,641 |
Nongfu Spring Co. Ltd., Class H (a) | 133,000 | 721,812 |
Oppein Home Group, Inc., Class A | 3,400 | 28,998 |
Orient Securities Co. Ltd., Class A | 45,100 | 51,924 |
PDD Holdings, Inc., ADR * | 46,941 | 5,955,405 |
People.cn Co. Ltd., Class A | 6,100 | 18,267 |
People's Insurance Co. Group of China Ltd. (The), Class H | 633,000 | 196,786 |
PetroChina Co. Ltd., Class H | 1,548,000 | 1,119,770 |
PICC Property & Casualty Co. Ltd., Class H | 506,000 | 629,396 |
Ping An Bank Co. Ltd., Class A | 123,200 | 162,255 |
Ping An Healthcare and Technology Co. Ltd. * (a) | 43,200 | 62,024 |
Ping An Insurance Group Co. of China Ltd., Class A | 72,800 | 411,305 |
Ping An Insurance Group Co. of China Ltd., Class H | 464,500 | 1,952,546 |
Poly Developments and Holdings Group Co. Ltd., Class A | 78,400 | 104,482 |
Pop Mart International Group Ltd. (a) | 47,200 | 105,852 |
Postal Savings Bank of China Co. Ltd., Class A | 245,300 | 161,612 |
Postal Savings Bank of China Co. Ltd., Class H (a) | 715,000 | 343,850 |
Power Construction Corp. of China Ltd., Class A | 112,000 | 78,431 |
Qingdao Rural Commercial Bank Corp., Class A * | 1,000,500 | 363,207 |
Qinghai Salt Lake Industry Co. Ltd., Class A * | 39,200 | 78,191 |
Remegen Co. Ltd., Class H * (a) | 13,000 | 25,354 |
Rongsheng Petrochemical Co. Ltd., Class A | 67,200 | 88,502 |
SAIC Motor Corp. Ltd., Class A | 72,300 | 137,627 |
Sanan Optoelectronics Co. Ltd., Class A | 30,700 | 46,962 |
Sany Heavy Equipment International Holdings Co. Ltd. | 80,000 | 52,068 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Sany Heavy Industry Co. Ltd., Class A | 56,000 | 102,000 |
Seres Group Co. Ltd., Class A * | 9,500 | 74,943 |
SF Holding Co. Ltd., Class A | 33,600 | 165,202 |
Shaanxi Beiyuan Chemical Industry Group Co. Ltd., Class A | 615,100 | 380,103 |
Shaanxi Coal Industry Co. Ltd., Class A | 61,600 | 207,579 |
Shandong Gold Mining Co. Ltd., Class A | 22,400 | 64,097 |
Shandong Hi-Speed Holdings Group Ltd. * | 140,000 | 99,387 |
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 13,100 | 44,409 |
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 188,000 | 120,477 |
Shanghai Baosight Software Co. Ltd., Class A | 11,300 | 64,421 |
Shanghai Baosight Software Co. Ltd., Class B | 46,920 | 92,440 |
Shanghai Construction Group Co. Ltd., Class A | 1,033,400 | 333,783 |
Shanghai Electric Group Co. Ltd., Class A * | 451,500 | 249,924 |
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H | 36,000 | 61,125 |
Shanghai Fudan Microelectronics Group Co. Ltd., Class H | 21,000 | 25,062 |
Shanghai International Airport Co. Ltd., Class A * | 16,900 | 77,919 |
Shanghai Junshi Biosciences Co. Ltd., Class H * (a) | 22,400 | 35,017 |
Shanghai Pharmaceuticals Holding Co. Ltd., Class A | 19,400 | 45,797 |
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 59,700 | 84,387 |
Shanghai Pudong Development Bank Co. Ltd., Class A | 184,800 | 175,716 |
Shanghai Putailai New Energy Technology Co. Ltd., Class A | 12,500 | 28,608 |
Shanghai RAAS Blood Products Co. Ltd., Class A | 34,400 | 30,796 |
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 34,300 | 50,132 |
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A | 18,000 | 59,351 |
Shanxi Meijin Energy Co. Ltd., Class A * | 47,400 | 35,334 |
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 7,300 | 203,604 |
Shenwan Hongyuan Group Co. Ltd., Class A | 210,600 | 128,130 |
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A | 6,200 | 22,371 |
Shenzhen Transsion Holdings Co. Ltd., Class A | 5,300 | 100,747 |
Shenzhou International Group Holdings Ltd. | 61,600 | 548,573 |
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 9,300 | 25,472 |
Sichuan Road and Bridge Group Co. Ltd., Class A | 48,100 | 53,787 |
Silergy Corp. | 25,000 | 307,669 |
Sinopec Oilfield Service Corp., Class A * | 202,900 | 49,359 |
Sinopharm Group Co. Ltd., Class H | 104,400 | 274,518 |
Sinotruk Hong Kong Ltd. | 51,000 | 115,831 |
Smoore International Holdings Ltd. (a) | 168,000 | 101,590 |
Spring Airlines Co. Ltd., Class A * | 6,100 | 44,398 |
StarPower Semiconductor Ltd., Class A | 5,500 | 97,314 |
Sunny Optical Technology Group Co. Ltd. | 55,800 | 342,968 |
TAL Education Group, ADR * | 36,070 | 383,785 |
TBEA Co. Ltd., Class A | 31,440 | 61,421 |
TCL Technology Group Corp., Class A * | 116,200 | 65,473 |
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A | 30,400 | 52,002 |
Tencent Holdings Ltd. | 456,900 | 15,859,603 |
Tencent Music Entertainment Group, Class A * | 100,800 | 460,265 |
Tianqi Lithium Corp., Class A | 11,200 | 72,592 |
Tingyi Cayman Islands Holding Corp. | 146,000 | 145,378 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Tongcheng Travel Holdings Ltd. * (a) | 89,600 | 182,771 |
Tonghua Dongbao Pharmaceutical Co. Ltd., Class A | 63,900 | 82,478 |
Tongwei Co. Ltd., Class A | 33,600 | 108,907 |
Topsports International Holdings Ltd. (a) | 224,000 | 145,193 |
Trip.com Group Ltd. * | 40,650 | 1,479,637 |
Tsingtao Brewery Co. Ltd. | 48,000 | 273,922 |
Tuhu Car, Inc. * (a) | 30,500 | 102,213 |
Unigroup Guoxin Microelectronics Co. Ltd., Class A * | 5,700 | 41,443 |
Uni-President China Holdings Ltd. | 94,000 | 52,802 |
Unisplendour Corp. Ltd., Class A * | 22,400 | 48,363 |
Vipshop Holdings Ltd., ADR * | 19,529 | 310,316 |
Wanhua Chemical Group Co. Ltd., Class A | 22,400 | 217,979 |
Want Want China Holdings Ltd. | 386,000 | 212,800 |
Weichai Power Co. Ltd., Class H | 151,000 | 266,585 |
Western Securities Co. Ltd., Class A | 480,700 | 398,980 |
Will Semiconductor Co. Ltd., Class A | 9,900 | 118,947 |
Wingtech Technology Co. Ltd., Class A * | 7,700 | 35,854 |
Wuliangye Yibin Co. Ltd., Class A | 21,400 | 377,225 |
WUS Printed Circuit Kunshan Co. Ltd., Class A | 11,900 | 32,567 |
WuXi AppTec Co. Ltd., Class A | 16,900 | 128,065 |
WuXi AppTec Co. Ltd., Class H (a) | 28,000 | 193,732 |
XCMG Construction Machinery Co. Ltd., Class A | 73,100 | 57,231 |
Xiamen Faratronic Co. Ltd., Class A | 5,800 | 69,431 |
Xinhu Zhongbao Co. Ltd., Class A | 80,000 | 23,478 |
Xinjiang Daqo New Energy Co. Ltd., Class A | 11,187 | 40,763 |
Xinyi Glass Holdings Ltd. | 126,000 | 104,457 |
Xinyi Solar Holdings Ltd. | 362,000 | 166,209 |
XPeng, Inc., Class A * | 80,200 | 334,005 |
Yadea Group Holdings Ltd. (a) | 112,000 | 153,563 |
Yangzijiang Shipbuilding Holdings Ltd. | 197,600 | 246,688 |
Yankuang Energy Group Co. Ltd., Class A | 25,050 | 79,707 |
Yankuang Energy Group Co. Ltd., Class H | 168,000 | 345,153 |
Yongan Futures Co. Ltd., Class A | 191,101 | 359,938 |
Yonyou Network Technology Co. Ltd., Class A | 21,300 | 33,123 |
Yuexiu Property Co. Ltd. | 124,000 | 77,650 |
Yum China Holdings, Inc. | 30,055 | 1,039,602 |
Yunnan Energy New Material Co. Ltd., Class A | 5,900 | 34,860 |
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | 5,500 | 152,485 |
Zhaojin Mining Industry Co. Ltd., Class H | 108,000 | 100,675 |
Zhejiang Century Huatong Group Co. Ltd., Class A * | 46,100 | 26,931 |
Zhejiang China Commodities City Group Co. Ltd., Class A | 34,000 | 35,223 |
Zhejiang Dahua Technology Co. Ltd., Class A | 20,700 | 44,665 |
Zhejiang Huayou Cobalt Co. Ltd., Class A | 10,400 | 36,055 |
Zhejiang Leapmotor Technology Co. Ltd. * (a) | 51,100 | 138,086 |
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A | 22,300 | 65,145 |
Zhejiang Zheneng Electric Power Co. Ltd., Class A * | 83,000 | 62,110 |
ZhongAn Online P&C Insurance Co. Ltd., Class H * (a) | 52,400 | 81,863 |
Zhongsheng Group Holdings Ltd. | 56,000 | 94,529 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
China — continued | ||
Zhuzhou CRRC Times Electric Co. Ltd., Class H | 41,100 | 100,895 |
Zijin Mining Group Co. Ltd., Class A | 128,800 | 215,988 |
Zijin Mining Group Co. Ltd., Class H | 396,000 | 587,610 |
ZJLD Group, Inc. * (a) | 37,000 | 37,325 |
ZTE Corp., Class A | 27,300 | 83,385 |
ZTE Corp., Class H | 58,200 | 101,138 |
ZTO Express Cayman, Inc. | 31,050 | 504,562 |
123,684,730 | ||
Colombia — 0.2% | ||
Banco de Bogota SA | 8,568 | 69,970 |
Bancolombia SA | 21,504 | 180,913 |
Bancolombia SA (Preference) | 35,336 | 278,407 |
Ecopetrol SA | 352,157 | 211,169 |
Grupo Energia Bogota SA ESP | 282,073 | 164,797 |
Grupo Nutresa SA | 8,190 | 94,562 |
Interconexion Electrica SA ESP | 34,664 | 150,087 |
1,149,905 | ||
Czech Republic — 0.1% | ||
CEZ A/S | 11,869 | 449,661 |
Komercni Banka A/S | 5,452 | 178,867 |
628,528 | ||
Egypt — 0.1% | ||
Commercial International Bank - Egypt (CIB) | 178,440 | 508,003 |
Greece — 0.4% | ||
Eurobank Ergasias Services and Holdings SA * | 183,097 | 353,599 |
Hellenic Telecommunications Organization SA | 15,288 | 212,272 |
JUMBO SA | 8,310 | 233,496 |
Motor Oil Hellas Corinth Refineries SA | 5,025 | 137,283 |
Mytilineos SA | 7,362 | 302,332 |
National Bank of Greece SA * | 40,038 | 304,412 |
OPAP SA | 13,611 | 235,645 |
Public Power Corp. SA * | 15,266 | 202,006 |
1,981,045 | ||
Hong Kong — 0.2% | ||
J&T Global Express Ltd. * | 401,600 | 792,110 |
Kingboard Laminates Holdings Ltd. | 62,000 | 37,263 |
Nine Dragons Paper Holdings Ltd. * | 130,000 | 48,163 |
Orient Overseas International Ltd. | 10,500 | 156,746 |
Sino Biopharmaceutical Ltd. | 784,000 | 282,896 |
1,317,178 | ||
Hungary — 0.2% | ||
MOL Hungarian Oil & Gas plc | 26,737 | 219,125 |
OTP Bank Nyrt. | 16,643 | 771,050 |
Richter Gedeon Nyrt. | 10,162 | 274,319 |
1,264,494 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
India — 20.5% | ||
ABB India Ltd. | 4,088 | 230,239 |
ACC Ltd. | 6,552 | 200,654 |
Adani Energy Solutions Ltd. * | 26,920 | 348,163 |
Adani Enterprises Ltd. | 30,062 | 1,137,744 |
Adani Green Energy Ltd. * | 28,669 | 580,731 |
Adani Ports & Special Economic Zone Ltd. | 66,640 | 968,789 |
Adani Power Ltd. * | 70,825 | 480,802 |
Adani Total Gas Ltd. | 21,504 | 264,779 |
Adani Wilmar Ltd. * | 12,208 | 52,418 |
Alkem Laboratories Ltd. | 4,550 | 273,562 |
Ambuja Cements Ltd. | 54,387 | 366,042 |
Apollo Hospitals Enterprise Ltd. | 7,963 | 608,883 |
Ashok Leyland Ltd. | 112,392 | 237,934 |
Asian Paints Ltd. | 54,091 | 1,921,396 |
Astral Ltd. | 8,721 | 192,136 |
AU Small Finance Bank Ltd. (a) | 25,536 | 195,936 |
Aurobindo Pharma Ltd. | 23,930 | 331,467 |
Avenue Supermarts Ltd. * (a) | 12,958 | 592,079 |
Axis Bank Ltd. | 167,562 | 2,154,397 |
Bajaj Auto Ltd. | 4,992 | 461,475 |
Bajaj Finance Ltd. | 18,567 | 1,536,819 |
Bajaj Finserv Ltd. | 28,293 | 554,348 |
Balkrishna Industries Ltd. | 6,328 | 187,015 |
Bandhan Bank Ltd. (a) | 59,192 | 163,069 |
Bank of Baroda | 80,808 | 240,619 |
Berger Paints India Ltd. | 21,974 | 149,545 |
Bharat Electronics Ltd. | 270,103 | 604,968 |
Bharat Forge Ltd. | 19,992 | 297,160 |
Bharat Petroleum Corp. Ltd. | 74,536 | 451,767 |
Bharti Airtel Ltd. | 170,874 | 2,410,440 |
Biocon Ltd. | 35,266 | 114,093 |
Bosch Ltd. | 672 | 190,715 |
Britannia Industries Ltd. | 8,965 | 560,725 |
Canara Bank | 28,336 | 164,495 |
CG Power & Industrial Solutions Ltd. | 47,118 | 265,820 |
Cholamandalam Investment and Finance Co. Ltd. | 30,800 | 438,784 |
Cipla Ltd. | 40,785 | 663,335 |
Coal India Ltd. | 165,780 | 811,719 |
Colgate-Palmolive India Ltd. | 10,360 | 320,849 |
Container Corp. of India Ltd. | 21,392 | 228,341 |
Cummins India Ltd. | 9,977 | 275,655 |
Dabur India Ltd. | 47,146 | 306,238 |
Divi's Laboratories Ltd. | 9,610 | 424,812 |
DLF Ltd. | 60,727 | 586,227 |
Dr Reddy's Laboratories Ltd. | 9,464 | 695,386 |
Eicher Motors Ltd. | 10,864 | 502,907 |
Embassy Office Parks, REIT | 47,432 | 205,135 |
FSN E-Commerce Ventures Ltd. * | 88,221 | 173,584 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
India — continued | ||
GAIL India Ltd. | 205,464 | 427,527 |
Godrej Consumer Products Ltd. | 29,512 | 413,850 |
Godrej Properties Ltd. * | 9,072 | 259,197 |
Grasim Industries Ltd. | 28,301 | 741,281 |
Havells India Ltd. | 16,251 | 253,209 |
HCL Technologies Ltd. | 78,368 | 1,486,304 |
HDFC Asset Management Co. Ltd. (a) | 7,567 | 326,409 |
HDFC Bank Ltd. | 412,544 | 7,254,944 |
HDFC Life Insurance Co. Ltd. (a) | 72,026 | 500,133 |
Hero MotoCorp Ltd. | 10,136 | 564,283 |
Hindalco Industries Ltd. | 110,150 | 767,148 |
Hindustan Aeronautics Ltd. (a) | 13,672 | 494,753 |
Hindustan Petroleum Corp. Ltd. * | 49,896 | 278,458 |
Hindustan Unilever Ltd. | 65,755 | 1,966,185 |
ICICI Bank Ltd. | 367,025 | 4,545,657 |
ICICI Lombard General Insurance Co. Ltd. (a) | 17,442 | 313,865 |
ICICI Prudential Life Insurance Co. Ltd. (a) | 30,352 | 183,875 |
IDFC First Bank Ltd. * | 264,014 | 267,998 |
Indian Bank | 18,296 | 110,053 |
Indian Hotels Co. Ltd. | 66,411 | 393,805 |
Indian Oil Corp. Ltd. | 294,469 | 521,466 |
Indian Railway Catering & Tourism Corp. Ltd. | 28,319 | 333,099 |
Indian Railway Finance Corp. Ltd. (a) | 130,550 | 275,299 |
Indraprastha Gas Ltd. | 27,328 | 141,771 |
Indus Towers Ltd. * | 59,192 | 158,153 |
IndusInd Bank Ltd. | 42,260 | 780,168 |
Info Edge India Ltd. | 5,712 | 345,845 |
Infosys Ltd. | 300,973 | 6,000,251 |
InterGlobe Aviation Ltd. * (a) | 9,309 | 331,978 |
ITC Ltd. | 219,882 | 1,168,911 |
Jindal Steel & Power Ltd. | 34,691 | 316,396 |
Jio Financial Services Ltd. * | 252,934 | 755,188 |
JSW Energy Ltd. | 39,056 | 237,658 |
JSW Steel Ltd. | 94,364 | 929,139 |
Jubilant Foodworks Ltd. | 29,848 | 186,755 |
Kotak Mahindra Bank Ltd. | 80,287 | 1,764,614 |
L&T Technology Services Ltd. (a) | 2,072 | 139,051 |
Larsen & Toubro Ltd. | 49,472 | 2,071,159 |
Linde India Ltd. | 1,567 | 105,467 |
LTIMindtree Ltd. (a) | 6,782 | 444,213 |
Lupin Ltd. | 18,816 | 340,742 |
Macrotech Developers Ltd. (a) | 18,816 | 242,795 |
Mahindra & Mahindra Ltd. | 74,382 | 1,479,091 |
Mankind Pharma Ltd. * | 5,503 | 131,980 |
Marico Ltd. | 47,419 | 301,613 |
Maruti Suzuki India Ltd. | 10,024 | 1,229,454 |
Max Healthcare Institute Ltd. | 49,041 | 461,190 |
Mphasis Ltd. | 6,440 | 201,239 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
India — continued | ||
MRF Ltd. | 225 | 385,815 |
Muthoot Finance Ltd. | 8,379 | 140,800 |
Nestle India Ltd. | 26,340 | 794,534 |
NHPC Ltd. | 213,972 | 234,547 |
NMDC Ltd. | 89,264 | 236,334 |
NTPC Ltd. | 348,289 | 1,333,478 |
Oil & Natural Gas Corp. Ltd. | 294,093 | 893,371 |
One 97 Communications Ltd. * | 20,091 | 183,697 |
Page Industries Ltd. | 448 | 201,243 |
Patanjali Foods Ltd. | 7,274 | 139,141 |
Persistent Systems Ltd. | 3,893 | 390,709 |
Petronet LNG Ltd. | 58,576 | 189,889 |
PI Industries Ltd. | 6,062 | 246,343 |
Pidilite Industries Ltd. | 18,941 | 577,304 |
Polycab India Ltd. | 4,456 | 232,917 |
Power Finance Corp. Ltd. | 96,960 | 517,729 |
Power Grid Corp. of India Ltd. | 332,697 | 1,039,129 |
Procter & Gamble Hygiene & Health Care Ltd. | 728 | 151,179 |
Punjab National Bank | 172,032 | 237,053 |
REC Ltd. | 85,103 | 511,227 |
Reliance Industries Ltd. | 301,177 | 10,347,396 |
Samvardhana Motherson International Ltd. | 194,121 | 264,649 |
SBI Cards & Payment Services Ltd. | 22,176 | 191,167 |
SBI Life Insurance Co. Ltd. (a) | 30,078 | 508,581 |
Shree Cement Ltd. | 1,185 | 407,273 |
Shriram Finance Ltd. | 20,933 | 622,217 |
Siemens Ltd. | 6,714 | 334,730 |
Solar Industries India Ltd. | 1,881 | 146,551 |
Sona Blw Precision Forgings Ltd. (a) | 30,903 | 230,014 |
SRF Ltd. | 10,954 | 306,387 |
Star Health & Allied Insurance Co. Ltd. * | 14,921 | 104,159 |
State Bank of India | 131,108 | 1,012,727 |
Steel Authority of India Ltd. | 109,009 | 160,773 |
Sun Pharmaceutical Industries Ltd. | 81,418 | 1,390,936 |
Sundaram Finance Ltd. | 7,415 | 318,113 |
Supreme Industries Ltd. | 4,442 | 221,001 |
Tata Communications Ltd. | 8,604 | 179,983 |
Tata Consultancy Services Ltd. | 73,614 | 3,381,174 |
Tata Consumer Products Ltd. | 44,764 | 602,819 |
Tata Elxsi Ltd. | 2,688 | 246,043 |
Tata Motors Ltd. | 131,790 | 1,402,620 |
Tata Motors Ltd., Class A | 35,278 | 248,091 |
Tata Power Co. Ltd. (The) | 128,747 | 603,729 |
Tata Steel Ltd. | 608,257 | 996,022 |
Tech Mahindra Ltd. | 51,545 | 825,781 |
Titan Co. Ltd. | 29,680 | 1,320,696 |
Torrent Pharmaceuticals Ltd. | 7,616 | 232,094 |
Tube Investments of India Ltd. | 9,074 | 426,525 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
India — continued | ||
TVS Motor Co. Ltd. | 17,913 | 431,618 |
UltraTech Cement Ltd. | 8,706 | 1,064,500 |
Union Bank of India Ltd. | 108,893 | 183,255 |
United Spirits Ltd. | 23,240 | 304,731 |
UPL Ltd. | 38,489 | 249,063 |
Varun Beverages Ltd. | 35,269 | 544,077 |
Vedanta Ltd. | 87,192 | 287,877 |
Vodafone Idea Ltd. * | 736,587 | 126,958 |
Voltas Ltd. | 17,808 | 234,249 |
Wipro Ltd. | 104,959 | 600,308 |
Yes Bank Ltd. * | 1,487,131 | 431,894 |
Zomato Ltd. * | 431,061 | 724,242 |
Zydus Lifesciences Ltd. | 19,768 | 180,908 |
109,100,185 | ||
Indonesia — 2.1% | ||
Adaro Energy Indonesia Tbk. PT | 1,097,600 | 166,426 |
Adaro Minerals Indonesia Tbk. PT * | 493,300 | 46,047 |
Amman Mineral Internasional PT * | 909,600 | 433,921 |
Aneka Tambang Tbk. | 722,300 | 70,867 |
Astra International Tbk. PT | 1,584,800 | 513,539 |
Avia Avian Tbk. PT | 1,388,800 | 51,046 |
Bank Central Asia Tbk. PT | 4,074,700 | 2,465,301 |
Bank Mandiri Persero Tbk. PT | 2,701,100 | 1,137,206 |
Bank Negara Indonesia Persero Tbk. PT | 1,164,800 | 423,772 |
Bank Rakyat Indonesia Persero Tbk. PT | 4,753,600 | 1,712,416 |
Barito Pacific Tbk. PT | 2,133,600 | 143,125 |
Bayan Resources Tbk. PT | 626,700 | 781,934 |
Bukit Asam Tbk. PT | 302,700 | 50,066 |
Capital Financial Indonesia Tbk. PT * | 1,307,300 | 61,306 |
Charoen Pokphand Indonesia Tbk. PT | 560,000 | 158,940 |
Dayamitra Telekomunikasi PT | 1,385,800 | 59,686 |
Elang Mahkota Teknologi Tbk. PT | 3,108,000 | 91,223 |
GoTo Gojek Tokopedia Tbk. PT * | 8,148,500 | 45,202 |
Gudang Garam Tbk. PT | 35,600 | 44,403 |
Indah Kiat Pulp & Paper Tbk. PT | 201,600 | 99,865 |
Indocement Tunggal Prakarsa Tbk. PT | 145,600 | 83,139 |
Indofood CBP Sukses Makmur Tbk. PT | 168,000 | 125,179 |
Indofood Sukses Makmur Tbk. PT | 347,200 | 140,289 |
Indosat Tbk. PT | 97,100 | 58,918 |
Kalbe Farma Tbk. PT | 1,484,600 | 142,081 |
Merdeka Battery Materials Tbk. PT * | 2,189,400 | 91,572 |
Merdeka Copper Gold Tbk. PT * | 1,075,200 | 183,759 |
Mitra Keluarga Karyasehat Tbk. PT (a) | 425,600 | 72,552 |
Pantai Indah Kapuk Dua Tbk. PT * | 118,300 | 36,285 |
Petrindo Jaya Kreasi Tbk. PT * | 123,100 | 51,292 |
Sarana Menara Nusantara Tbk. PT | 1,692,600 | 95,208 |
Semen Indonesia Persero Tbk. PT | 257,600 | 101,169 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Indonesia — continued | ||
Sumber Alfaria Trijaya Tbk. PT | 1,489,600 | 250,006 |
Telkom Indonesia Persero Tbk. PT | 3,635,800 | 911,956 |
Transcoal Pacific Tbk. PT | 75,300 | 35,073 |
Trimegah Bangun Persada Tbk. PT | 666,200 | 38,198 |
Unilever Indonesia Tbk. PT | 442,400 | 86,910 |
United Tractors Tbk. PT | 156,400 | 227,188 |
11,287,065 | ||
Kuwait — 0.9% | ||
Agility Public Warehousing Co. KSC * | 143,608 | 270,226 |
Boubyan Bank KSCP | 116,872 | 232,942 |
Gulf Bank KSCP | 280,000 | 263,539 |
Kuwait Finance House KSCP | 692,500 | 1,735,755 |
Mabanee Co. KPSC | 48,834 | 122,284 |
Mobile Telecommunications Co. KSCP | 161,597 | 276,183 |
National Bank of Kuwait SAKP | 582,478 | 1,854,625 |
4,755,554 | ||
Luxembourg — 0.0% ^ | ||
Reinet Investments SCA | 9,775 | 244,990 |
Malaysia — 1.7% | ||
AMMB Holdings Bhd. | 168,000 | 150,411 |
Axiata Group Bhd. | 369,600 | 212,950 |
CELCOMDIGI Bhd. | 291,300 | 260,966 |
CIMB Group Holdings Bhd. | 565,600 | 744,977 |
Dialog Group Bhd. | 459,200 | 177,590 |
Gamuda Bhd. | 252,000 | 269,049 |
Genting Bhd. | 166,700 | 166,068 |
Genting Malaysia Bhd. | 302,400 | 172,303 |
HAP Seng Consolidated Bhd. | 35,200 | 34,753 |
Hong Leong Bank Bhd. | 54,000 | 219,154 |
IHH Healthcare Bhd. | 240,800 | 310,680 |
IOI Corp. Bhd. | 240,800 | 203,031 |
Kuala Lumpur Kepong Bhd. | 43,500 | 203,997 |
Malayan Banking Bhd. | 536,900 | 1,050,176 |
Malaysia Airports Holdings Bhd. | 84,200 | 136,917 |
Maxis Bhd. | 217,400 | 174,655 |
MISC Bhd. | 160,700 | 249,443 |
MR DIY Group M Bhd. (a) | 436,800 | 127,438 |
Petronas Chemicals Group Bhd. | 216,800 | 309,875 |
Petronas Dagangan Bhd. | 28,000 | 126,326 |
Petronas Gas Bhd. | 73,100 | 274,164 |
PPB Group Bhd. | 55,100 | 168,445 |
Press Metal Aluminium Holdings Bhd. | 295,100 | 295,348 |
Public Bank Bhd. | 1,115,000 | 1,033,624 |
RHB Bank Bhd. | 282,800 | 334,551 |
Sime Darby Bhd. | 242,300 | 124,321 |
Sime Darby Plantation Bhd. | 281,600 | 262,602 |
Telekom Malaysia Bhd. | 177,900 | 222,336 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Malaysia — continued | ||
Tenaga Nasional Bhd. | 325,200 | 737,028 |
YTL Power International Bhd. | 197,600 | 171,034 |
8,924,212 | ||
Mexico — 2.3% | ||
Arca Continental SAB de CV | 35,897 | 408,118 |
Becle SAB de CV | 35,084 | 65,351 |
Cemex SAB de CV * | 1,064,171 | 882,301 |
Coca-Cola Femsa SAB de CV | 38,579 | 366,659 |
Fibra Uno Administracion SA de CV, REIT | 224,504 | 381,271 |
Fomento Economico Mexicano SAB de CV | 117,630 | 1,592,890 |
GMexico Transportes SAB de CV (a) | 40,445 | 91,880 |
Gruma SAB de CV, Class B | 13,248 | 247,849 |
Grupo Aeroportuario del Pacifico SAB de CV, Class B | 28,196 | 439,039 |
Grupo Aeroportuario del Sureste SAB de CV, Class B | 13,337 | 388,212 |
Grupo Bimbo SAB de CV | 99,090 | 450,558 |
Grupo Carso SAB de CV | 36,641 | 343,131 |
Grupo Elektra SAB de CV | 3,790 | 254,091 |
Grupo Financiero Banorte SAB de CV, Class O | 211,798 | 2,153,605 |
Grupo Financiero Inbursa SAB de CV, Class O * | 131,332 | 388,239 |
Grupo Mexico SAB de CV | 230,448 | 1,187,889 |
Industrias Penoles SAB de CV * | 14,560 | 191,226 |
Kimberly-Clark de Mexico SAB de CV, Class A | 110,040 | 249,854 |
Operadora De Sites Mexicanos SAB de CV | 84,515 | 91,824 |
Orbia Advance Corp. SAB de CV | 72,755 | 144,821 |
Promotora y Operadora de Infraestructura SAB de CV | 17,040 | 167,712 |
Wal-Mart de Mexico SAB de CV | 368,698 | 1,522,862 |
12,009,382 | ||
Peru — 0.2% | ||
Credicorp Ltd. | 4,996 | 741,556 |
Enel Distribucion Peru SAA | 39,856 | 38,229 |
InRetail Peru Corp. (a) | 2,408 | 85,484 |
865,269 | ||
Philippines — 0.7% | ||
Aboitiz Equity Ventures, Inc. | 175,720 | 151,262 |
ACEN Corp. | 686,900 | 51,777 |
Ayala Corp. | 19,600 | 236,164 |
Ayala Land, Inc. | 470,400 | 284,266 |
Bank of the Philippine Islands | 154,000 | 301,774 |
BDO Unibank, Inc. | 164,080 | 422,389 |
International Container Terminal Services, Inc. | 63,280 | 273,623 |
JG Summit Holdings, Inc. | 238,700 | 162,398 |
Jollibee Foods Corp. | 34,720 | 156,655 |
Manila Electric Co. | 21,840 | 140,532 |
Metropolitan Bank & Trust Co. | 251,190 | 254,441 |
Monde Nissin Corp. (a) | 565,600 | 88,515 |
PLDT, Inc. | 6,720 | 151,967 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Philippines — continued | ||
San Miguel Corp. | 39,400 | 75,588 |
SM Investments Corp. | 35,900 | 573,133 |
SM Prime Holdings, Inc. | 901,600 | 548,535 |
Universal Robina Corp. | 68,320 | 135,496 |
4,008,515 | ||
Qatar — 0.9% | ||
Commercial Bank PSQC (The) | 249,816 | 359,862 |
Dukhan Bank | 188,385 | 202,458 |
Industries Qatar QSC | 217,751 | 716,049 |
Masraf Al Rayan QSC | 504,968 | 325,693 |
Mesaieed Petrochemical Holding Co. | 319,289 | 147,324 |
Ooredoo QPSC | 85,878 | 252,374 |
Qatar Electricity & Water Co. QSC | 42,553 | 202,369 |
Qatar Fuel QSC | 58,424 | 251,629 |
Qatar Gas Transport Co. Ltd. | 259,633 | 247,340 |
Qatar International Islamic Bank QSC | 91,056 | 260,610 |
Qatar Islamic Bank SAQ | 128,153 | 686,345 |
Qatar National Bank QPSC | 326,331 | 1,388,041 |
5,040,094 | ||
Saudi Arabia — 4.0% | ||
ACWA Power Co. | 9,828 | 627,570 |
Advanced Petrochemical Co. | 9,912 | 100,534 |
Al Rajhi Bank | 143,968 | 3,213,787 |
Alinma Bank | 71,525 | 787,796 |
Almarai Co. JSC | 19,488 | 296,729 |
Arabian Drilling Co. | 1,999 | 89,446 |
Arabian Internet & Communications Services Co. | 2,016 | 175,898 |
Bank Al-Jazira * | 31,360 | 168,493 |
Banque Saudi Fransi | 46,144 | 490,752 |
Bupa Arabia for Cooperative Insurance Co. | 5,442 | 299,633 |
Dr Sulaiman Al Habib Medical Services Group Co. | 6,735 | 520,630 |
Elm Co. | 1,770 | 424,878 |
Etihad Etisalat Co. | 29,456 | 409,231 |
Jarir Marketing Co. | 45,920 | 186,614 |
Mouwasat Medical Services Co. | 7,266 | 229,628 |
Nahdi Medical Co. | 3,080 | 115,497 |
Rabigh Refining & Petrochemical Co. * | 30,684 | 74,635 |
Riyad Bank | 114,099 | 861,142 |
SABIC Agri-Nutrients Co. | 17,861 | 608,985 |
Sahara International Petrochemical Co. | 28,056 | 234,913 |
Saudi Arabian Mining Co. * | 88,944 | 1,097,616 |
Saudi Arabian Oil Co. (a) | 319,891 | 2,605,861 |
Saudi Aramco Base Oil Co. | 3,914 | 151,975 |
Saudi Awwal Bank | 73,504 | 702,210 |
Saudi Basic Industries Corp. | 66,108 | 1,370,392 |
Saudi Electricity Co. | 61,824 | 311,959 |
Saudi Industrial Investment Group | 28,896 | 156,146 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Saudi Arabia — continued | ||
Saudi Investment Bank (The) | 38,248 | 158,820 |
Saudi Kayan Petrochemical Co. * | 57,400 | 140,216 |
Saudi National Bank (The) | 213,938 | 2,310,430 |
Saudi Tadawul Group Holding Co. | 3,752 | 206,620 |
Saudi Telecom Co. | 131,805 | 1,434,251 |
Savola Group (The) | 23,184 | 277,891 |
Yanbu National Petrochemical Co. | 21,504 | 219,941 |
21,061,119 | ||
South Africa — 2.7% | ||
Absa Group Ltd. | 63,931 | 558,215 |
African Rainbow Minerals Ltd. | 8,456 | 83,772 |
Anglo American Platinum Ltd. | 4,368 | 184,925 |
Aspen Pharmacare Holdings Ltd. | 28,226 | 292,595 |
Bid Corp. Ltd. | 24,558 | 595,675 |
Bidvest Group Ltd. (The) | 25,660 | 338,291 |
Capitec Bank Holdings Ltd. | 7,080 | 754,070 |
Clicks Group Ltd. | 17,469 | 280,792 |
Discovery Ltd. | 38,033 | 281,411 |
Exxaro Resources Ltd. | 18,816 | 187,457 |
FirstRand Ltd. | 401,864 | 1,455,439 |
Gold Fields Ltd. | 67,381 | 994,225 |
Growthpoint Properties Ltd., REIT | 258,718 | 163,750 |
Impala Platinum Holdings Ltd. | 66,640 | 258,673 |
Kumba Iron Ore Ltd. | 4,256 | 125,710 |
Mr Price Group Ltd. | 18,393 | 168,325 |
MTN Group Ltd. | 132,762 | 677,478 |
Naspers Ltd., Class N | 13,618 | 2,281,903 |
Nedbank Group Ltd. | 32,074 | 372,605 |
Northam Platinum Holdings Ltd. | 27,218 | 183,363 |
Old Mutual Ltd. | 354,481 | 235,900 |
OUTsurance Group Ltd. | 62,172 | 138,972 |
Pepkor Holdings Ltd. (a) | 136,308 | 140,512 |
Remgro Ltd. | 39,910 | 336,163 |
Sanlam Ltd. | 129,941 | 495,750 |
Sasol Ltd. | 43,530 | 378,089 |
Shoprite Holdings Ltd. | 35,303 | 511,919 |
Sibanye Stillwater Ltd. | 220,305 | 265,498 |
Standard Bank Group Ltd. | 98,162 | 1,047,236 |
Vodacom Group Ltd. | 40,943 | 204,163 |
Woolworths Holdings Ltd. | 67,849 | 251,392 |
14,244,268 | ||
South Korea — 11.8% | ||
Amorepacific Corp. * | 2,296 | 202,530 |
AMOREPACIFIC Group * | 2,547 | 46,803 |
BGF retail Co. Ltd. * | 743 | 78,638 |
BNK Financial Group, Inc. | 22,421 | 126,102 |
Celltrion, Inc. | 10,719 | 1,438,390 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
South Korea — continued | ||
CJ CheilJedang Corp. | 634 | 138,447 |
CJ Corp. * | 1,149 | 80,704 |
CosmoAM&T Co. Ltd. * | 1,777 | 175,667 |
Coway Co. Ltd. * | 4,200 | 174,215 |
DB Insurance Co. Ltd. * | 3,284 | 216,632 |
Doosan Bobcat, Inc. | 4,083 | 155,497 |
Doosan Enerbility Co. Ltd. * | 33,815 | 390,629 |
Ecopro BM Co. Ltd. * | 3,508 | 556,831 |
Ecopro Co. Ltd. * | 1,465 | 546,455 |
F&F Co. Ltd. * | 1,400 | 74,349 |
GS Holdings Corp. * | 5,479 | 190,008 |
Hana Financial Group, Inc. | 23,072 | 824,996 |
Hanjin Kal Corp. * | 2,767 | 151,647 |
Hankook Tire & Technology Co. Ltd. * | 5,992 | 229,339 |
Hanmi Pharm Co. Ltd. * | 504 | 122,279 |
Hanmi Semiconductor Co. Ltd. * | 3,889 | 169,598 |
Hanon Systems | 12,488 | 58,285 |
Hanwha Aerospace Co. Ltd. * | 2,576 | 266,032 |
Hanwha Ocean Co. Ltd. * | 5,063 | 83,204 |
Hanwha Solutions Corp. * | 8,624 | 214,243 |
HD Hyundai Co. Ltd. | 3,565 | 190,013 |
HD Hyundai Heavy Industries Co. Ltd. * | 1,568 | 133,603 |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. * | 3,168 | 268,794 |
HLB, Inc. * | 9,114 | 459,697 |
HMM Co. Ltd. * | 19,689 | 282,978 |
Hotel Shilla Co. Ltd. | 2,578 | 112,292 |
HYBE Co. Ltd. * | 1,384 | 208,670 |
Hyundai Engineering & Construction Co. Ltd. * | 5,600 | 144,933 |
Hyundai Glovis Co. Ltd. * | 1,368 | 179,129 |
Hyundai Marine & Fire Insurance Co. Ltd. * | 4,449 | 112,996 |
Hyundai Mobis Co. Ltd. | 4,502 | 705,704 |
Hyundai Motor Co. | 10,369 | 1,508,174 |
Hyundai Motor Co. (Preference) | 2,554 | 225,675 |
Hyundai Rotem Co. Ltd. * | 5,600 | 118,095 |
Hyundai Steel Co. * | 6,390 | 160,016 |
Industrial Bank of Korea * | 22,400 | 210,166 |
Kakao Corp. * | 22,786 | 891,065 |
KakaoBank Corp. * | 25,886 | 526,138 |
Kakaopay Corp. * | 1,904 | 67,196 |
Kangwon Land, Inc. * | 9,619 | 107,921 |
KB Financial Group, Inc. | 27,978 | 1,187,323 |
Kia Corp. * | 18,107 | 1,390,818 |
Korea Aerospace Industries Ltd. * | 5,600 | 210,990 |
Korea Electric Power Corp. * | 18,862 | 279,703 |
Korea Investment Holdings Co. Ltd. * | 3,188 | 146,381 |
Korea Zinc Co. Ltd. | 916 | 324,502 |
Korean Air Lines Co. Ltd. * | 14,027 | 235,835 |
Krafton, Inc. * | 2,244 | 359,840 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
South Korea — continued | ||
KT Corp. * | 10,024 | 265,516 |
KT&G Corp. | 7,590 | 515,469 |
Kum Yang Co. Ltd. * | 2,250 | 131,446 |
Kumho Petrochemical Co. Ltd. * | 1,344 | 125,326 |
L&F Co. Ltd. * | 1,886 | 201,088 |
LG Chem Ltd. | 3,459 | 1,121,702 |
LG Chem Ltd. (Preference) | 560 | 113,533 |
LG Corp. * | 8,136 | 499,579 |
LG Display Co. Ltd. * | 17,304 | 150,374 |
LG Electronics, Inc. | 7,920 | 552,058 |
LG Energy Solution Ltd. * | 3,129 | 888,138 |
LG H&H Co. Ltd. | 728 | 165,001 |
LG Innotek Co. Ltd. | 1,064 | 151,754 |
Lotte Chemical Corp. * | 1,456 | 142,420 |
Meritz Financial Group, Inc. * | 7,037 | 361,280 |
Mirae Asset Securities Co. Ltd. * | 17,748 | 104,353 |
NAVER Corp. | 10,605 | 1,581,441 |
NCSoft Corp. * | 1,232 | 181,831 |
Netmarble Corp. * (a) | 2,016 | 87,878 |
Orion Corp. | 1,960 | 135,563 |
Pan Ocean Co. Ltd. * | 18,594 | 50,645 |
Pearl Abyss Corp. * | 2,912 | 71,111 |
Posco DX Co. Ltd. * | 3,848 | 163,989 |
POSCO Future M Co. Ltd. * | 2,337 | 440,209 |
POSCO Holdings, Inc. | 5,078 | 1,611,149 |
Posco International Corp. * | 2,763 | 108,455 |
Samsung Biologics Co. Ltd. * (a) | 1,344 | 846,011 |
Samsung C&T Corp. | 6,421 | 663,318 |
Samsung Electro-Mechanics Co. Ltd. | 4,042 | 420,372 |
Samsung Electronics Co. Ltd. | 372,285 | 20,228,790 |
Samsung Electronics Co. Ltd. (Preference) | 60,443 | 2,644,735 |
Samsung Engineering Co. Ltd. * | 11,972 | 199,687 |
Samsung Fire & Marine Insurance Co. Ltd. * | 2,297 | 454,530 |
Samsung Heavy Industries Co. Ltd. * | 53,089 | 289,341 |
Samsung Life Insurance Co. Ltd. | 7,089 | 368,384 |
Samsung SDI Co. Ltd. | 3,817 | 1,059,308 |
Samsung SDS Co. Ltd. | 2,903 | 330,131 |
Samsung Securities Co. Ltd. | 4,899 | 137,702 |
Shinhan Financial Group Co. Ltd. | 35,896 | 1,099,856 |
SK Biopharmaceuticals Co. Ltd. * | 2,184 | 151,697 |
SK Bioscience Co. Ltd. * | 1,905 | 90,534 |
SK Hynix, Inc. | 40,624 | 4,068,115 |
SK IE Technology Co. Ltd. * (a) | 2,184 | 121,053 |
SK Innovation Co. Ltd. * | 4,399 | 383,345 |
SK Square Co. Ltd. * | 6,417 | 249,289 |
SK Telecom Co. Ltd. | 8,400 | 315,829 |
SK, Inc. | 2,704 | 370,661 |
SKC Co. Ltd. * | 1,568 | 89,898 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
South Korea — continued | ||
S-Oil Corp. | 3,248 | 165,129 |
Woori Financial Group, Inc. | 46,889 | 486,162 |
Yuhan Corp. * | 4,292 | 189,703 |
62,805,055 | ||
Taiwan — 16.3% | ||
Accton Technology Corp. | 39,000 | 656,080 |
Acer, Inc. | 235,000 | 345,120 |
Advanced Energy Solution Holding Co. Ltd. | 4,000 | 80,640 |
Advantech Co. Ltd. | 38,196 | 411,723 |
Alchip Technologies Ltd. | 5,000 | 620,200 |
ASE Technology Holding Co. Ltd. | 247,000 | 1,067,972 |
Asia Cement Corp. | 195,000 | 247,283 |
Asustek Computer, Inc. | 53,000 | 752,563 |
AUO Corp. | 560,000 | 327,264 |
Catcher Technology Co. Ltd. | 53,000 | 329,328 |
Cathay Financial Holding Co. Ltd. | 727,000 | 1,022,329 |
Chailease Holding Co. Ltd. | 121,200 | 670,906 |
Chang Hwa Commercial Bank Ltd. | 451,450 | 252,024 |
Cheng Shin Rubber Industry Co. Ltd. | 160,000 | 231,991 |
Chicony Electronics Co. Ltd. | 52,000 | 272,648 |
China Airlines Ltd. | 225,000 | 146,144 |
China Development Financial Holding Corp. * | 1,132,000 | 434,595 |
China Steel Corp. | 950,000 | 761,266 |
Chunghwa Telecom Co. Ltd. | 233,000 | 883,283 |
Compal Electronics, Inc. | 335,000 | 384,197 |
CTBC Financial Holding Co. Ltd. | 1,432,000 | 1,299,128 |
Delta Electronics, Inc. | 149,000 | 1,333,340 |
E Ink Holdings, Inc. | 67,000 | 444,324 |
E.Sun Financial Holding Co. Ltd. | 1,103,149 | 870,704 |
Eclat Textile Co. Ltd. | 15,000 | 261,799 |
Elite Material Co. Ltd. | 22,000 | 323,194 |
eMemory Technology, Inc. | 5,000 | 445,948 |
Eva Airways Corp. | 201,000 | 202,605 |
Evergreen Marine Corp. Taiwan Ltd. | 76,000 | 364,539 |
Far Eastern New Century Corp. | 285,000 | 281,194 |
Far EasTone Telecommunications Co. Ltd. | 122,000 | 313,152 |
Feng TAY Enterprise Co. Ltd. | 52,360 | 269,969 |
First Financial Holding Co. Ltd. | 806,260 | 684,209 |
Formosa Chemicals & Fibre Corp. | 304,000 | 548,832 |
Formosa Plastics Corp. | 335,000 | 769,846 |
Foxconn Technology Co. Ltd. | 87,000 | 140,101 |
Fubon Financial Holding Co. Ltd. | 611,000 | 1,255,940 |
Giant Manufacturing Co. Ltd. | 26,000 | 147,990 |
Gigabyte Technology Co. Ltd. | 42,000 | 415,615 |
Global Unichip Corp. | 6,000 | 294,580 |
Globalwafers Co. Ltd. | 16,000 | 295,594 |
Highwealth Construction Corp. | 122,600 | 155,061 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Taiwan — continued | ||
Hiwin Technologies Corp. | 23,000 | 161,439 |
Hon Hai Precision Industry Co. Ltd. | 846,000 | 2,767,456 |
Hotai Motor Co. Ltd. | 34,520 | 699,308 |
Hua Nan Financial Holdings Co. Ltd. | 732,000 | 504,238 |
Innolux Corp. | 690,550 | 359,142 |
Inventec Corp. | 235,000 | 412,735 |
Largan Precision Co. Ltd. | 7,000 | 554,993 |
Lite-On Technology Corp. | 168,000 | 581,803 |
MediaTek, Inc. | 114,000 | 3,517,769 |
Mega Financial Holding Co. Ltd. | 822,360 | 987,836 |
Micro-Star International Co. Ltd. | 58,000 | 336,402 |
momo.com, Inc. | 7,500 | 104,107 |
Nan Ya Plastics Corp. | 392,000 | 759,700 |
Nan Ya Printed Circuit Board Corp. | 19,000 | 137,169 |
Nanya Technology Corp. | 91,000 | 199,587 |
Nien Made Enterprise Co. Ltd. | 17,000 | 181,736 |
Novatek Microelectronics Corp. | 43,000 | 700,457 |
Oneness Biotech Co. Ltd. | 28,163 | 155,134 |
Pegatron Corp. | 163,000 | 429,696 |
PharmaEssentia Corp. * | 25,000 | 251,023 |
Phison Electronics Corp. | 13,000 | 218,325 |
Polaris Group * | 42,000 | 94,719 |
Pou Chen Corp. | 195,000 | 196,304 |
Powerchip Semiconductor Manufacturing Corp. | 233,000 | 200,340 |
Powertech Technology, Inc. | 56,000 | 259,991 |
President Chain Store Corp. | 42,000 | 354,117 |
Quanta Computer, Inc. | 211,000 | 1,668,381 |
Radiant Opto-Electronics Corp. | 52,000 | 229,962 |
Realtek Semiconductor Corp. | 37,000 | 553,720 |
Ruentex Development Co. Ltd. | 153,900 | 175,311 |
Ruentex Industries Ltd. | 62,000 | 118,800 |
Shanghai Commercial & Savings Bank Ltd. (The) | 369,000 | 521,523 |
Shin Kong Financial Holding Co. Ltd. * | 1,020,000 | 273,107 |
Simplo Technology Co. Ltd. | 14,000 | 181,175 |
Sino-American Silicon Products, Inc. | 42,000 | 256,806 |
SinoPac Financial Holdings Co. Ltd. | 933,740 | 571,423 |
Synnex Technology International Corp. | 99,000 | 227,302 |
Taishin Financial Holding Co. Ltd. | 875,750 | 479,746 |
Taiwan Business Bank | 484,728 | 206,570 |
Taiwan Cement Corp. | 478,000 | 486,477 |
Taiwan Cooperative Financial Holding Co. Ltd. | 733,100 | 594,762 |
Taiwan Mobile Co. Ltd. | 108,000 | 337,591 |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,780,000 | 35,632,930 |
Tatung Co. Ltd. * | 157,000 | 219,056 |
Teco Electric and Machinery Co. Ltd. | 122,000 | 178,928 |
Tripod Technology Corp. | 37,000 | 220,934 |
Unimicron Technology Corp. | 96,000 | 538,587 |
Uni-President Enterprises Corp. | 359,000 | 829,607 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Taiwan — continued | ||
United Microelectronics Corp. | 878,000 | 1,367,625 |
Vanguard International Semiconductor Corp. | 67,000 | 157,207 |
Voltronic Power Technology Corp. | 6,000 | 256,577 |
Walsin Lihwa Corp. | 228,000 | 257,432 |
Wan Hai Lines Ltd. | 112,000 | 174,865 |
Win Semiconductors Corp. | 29,000 | 142,895 |
Winbond Electronics Corp. | 210,000 | 182,535 |
Wistron Corp. | 207,000 | 757,894 |
Wiwynn Corp. | 8,000 | 564,007 |
WPG Holdings Ltd. | 125,000 | 347,988 |
Yageo Corp. | 29,000 | 510,084 |
Yang Ming Marine Transport Corp. | 133,000 | 202,802 |
Yuanta Financial Holding Co. Ltd. | 905,515 | 780,640 |
Zhen Ding Technology Holding Ltd. | 56,000 | 180,283 |
86,526,278 | ||
Thailand — 1.5% | ||
Advanced Info Service PCL, NVDR | 82,900 | 511,276 |
Airports of Thailand PCL, NVDR | 314,700 | 529,909 |
B Grimm Power PCL, NVDR | 96,300 | 75,233 |
Bangkok Bank PCL, NVDR | 44,300 | 176,055 |
Bangkok Dusit Medical Services PCL, NVDR | 350,200 | 271,453 |
Bangkok Expressway & Metro PCL, NVDR | 588,000 | 121,763 |
Banpu PCL, NVDR | 294,400 | 51,393 |
Berli Jucker PCL, NVDR | 264,900 | 176,539 |
BTS Group Holdings PCL, NVDR | 532,200 | 89,927 |
Bumrungrad Hospital PCL, NVDR | 30,100 | 203,646 |
Carabao Group PCL, NVDR | 35,400 | 75,151 |
Central Pattana PCL, NVDR | 104,200 | 189,952 |
Central Retail Corp. PCL, NVDR | 235,200 | 219,922 |
Charoen Pokphand Foods PCL, NVDR | 228,400 | 119,837 |
CP ALL PCL, NVDR | 331,800 | 488,443 |
CP Axtra PCL, NVDR | 119,500 | 95,794 |
Delta Electronics Thailand PCL, NVDR | 331,700 | 734,058 |
Energy Absolute PCL, NVDR | 140,000 | 156,500 |
Gulf Energy Development PCL, NVDR | 400,800 | 490,915 |
Home Product Center PCL, NVDR | 308,000 | 91,092 |
Indorama Ventures PCL, NVDR | 223,600 | 148,727 |
Intouch Holdings PCL, NVDR | 89,200 | 185,234 |
Kasikornbank PCL, NVDR | 85,300 | 288,916 |
Krung Thai Bank PCL, NVDR | 268,800 | 120,480 |
Krungthai Card PCL, NVDR | 81,800 | 100,850 |
Minor International PCL, NVDR | 206,700 | 177,716 |
Muangthai Capital PCL, NVDR | 54,200 | 64,810 |
Osotspa PCL, NVDR | 117,600 | 68,947 |
PTT Exploration & Production PCL, NVDR | 104,800 | 442,289 |
PTT Global Chemical PCL, NVDR | 128,800 | 121,448 |
PTT Oil & Retail Business PCL, NVDR | 235,200 | 118,522 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Thailand — continued | ||
PTT PCL, NVDR | 629,400 | 597,476 |
SCB X PCL, NVDR | 67,200 | 196,693 |
SCG Packaging PCL, NVDR | 93,100 | 82,566 |
Siam Cement PCL (The), NVDR | 22,400 | 170,503 |
Siam Global House PCL, NVDR | 169,600 | 72,728 |
Thai Life Insurance PCL, NVDR | 233,300 | 54,841 |
TMBThanachart Bank PCL, NVDR | 3,701,600 | 186,690 |
8,068,294 | ||
Turkey — 0.8% | ||
Akbank TAS | 239,680 | 311,994 |
Aselsan Elektronik Sanayi ve Ticaret A/S | 92,736 | 154,636 |
BIM Birlesik Magazalar A/S | 33,883 | 424,891 |
Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret A/S * | 2,760 | 55,664 |
Coca-Cola Icecek A/S | 5,755 | 101,524 |
Enka Insaat ve Sanayi A/S | 86,681 | 106,434 |
Eregli Demir ve Celik Fabrikalari TAS * | 134,608 | 190,863 |
Ford Otomotiv Sanayi A/S | 5,432 | 157,885 |
Gubre Fabrikalari TAS * | 5,888 | 28,252 |
Haci Omer Sabanci Holding A/S | 100,014 | 239,028 |
Hektas Ticaret TAS * | 185,836 | 108,900 |
KOC Holding A/S | 49,718 | 262,583 |
Petkim Petrokimya Holding A/S * | 95,992 | 68,594 |
Sasa Polyester Sanayi A/S * | 36,778 | 46,662 |
Tofas Turk Otomobil Fabrikasi A/S | 9,744 | 79,043 |
Turk Hava Yollari AO * | 53,075 | 475,758 |
Turkcell Iletisim Hizmetleri A/S | 92,792 | 209,619 |
Turkiye Garanti Bankasi A/S | 45,452 | 95,126 |
Turkiye Is Bankasi A/S, Class C | 263,936 | 222,550 |
Turkiye Petrol Rafinerileri A/S | 66,801 | 329,118 |
Turkiye Sise ve Cam Fabrikalari A/S | 102,872 | 166,857 |
Yapi ve Kredi Bankasi A/S | 240,738 | 172,910 |
4,008,891 | ||
United Arab Emirates — 2.7% | ||
Abu Dhabi Commercial Bank PJSC | 213,994 | 524,360 |
Abu Dhabi Islamic Bank PJSC | 113,512 | 346,134 |
Abu Dhabi National Oil Co. for Distribution PJSC | 224,672 | 217,151 |
ADNOC Drilling Co. PJSC | 130,376 | 130,271 |
ADNOC Logistics & Services | 103,254 | 110,480 |
Aldar Properties PJSC | 282,576 | 392,365 |
Alpha Dhabi Holding PJSC * | 102,835 | 497,243 |
Americana Restaurants International plc | 215,988 | 182,884 |
Dubai Electricity & Water Authority PJSC | 661,076 | 451,762 |
Dubai Islamic Bank PJSC | 220,791 | 379,912 |
Emaar Development PJSC | 61,701 | 116,759 |
Emaar Properties PJSC | 466,596 | 943,398 |
Emirates NBD Bank PJSC | 180,485 | 869,760 |
Emirates Telecommunications Group Co. PJSC | 255,522 | 1,334,326 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
United Arab Emirates — continued | ||
Fertiglobe plc | 89,834 | 68,239 |
First Abu Dhabi Bank PJSC | 324,401 | 1,293,287 |
International Holding Co. PJSC * | 54,299 | 5,908,959 |
Multiply Group PJSC * | 246,802 | 193,793 |
Q Holding PJSC * | 160,664 | 138,226 |
Salik Co. PJSC | 141,400 | 133,587 |
14,232,896 | ||
United States — 0.1% | ||
JBS SA | 51,968 | 246,393 |
Parade Technologies Ltd. | 6,000 | 212,863 |
459,256 | ||
Total Common Stocks (Cost $532,400,426) | 528,952,723 | |
NO. OF RIGHTS | ||
Rights — 0.0% ^ | ||
South Korea — 0.0% ^ | ||
LG Display Co. Ltd., expiring 3/7/2024*(Cost $—) | 5,500 | 6,298 |
SHARES | ||
Short-Term Investments — 0.9% | ||
Investment Companies — 0.9% | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (c) (d)(Cost $4,761,897) | 4,761,897 | 4,761,897 |
Investment of Cash Collateral from Securities Loaned — 0.0% ^ | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (c) (d)(Cost $6,525) | 6,525 | 6,525 |
Total Short-Term Investments (Cost $4,768,422) | 4,768,422 | |
Total Investments — 100.4% (Cost $537,168,848) | 533,727,443 | |
Liabilities in Excess of Other Assets — (0.4)% | (1,878,609 ) | |
NET ASSETS — 100.0% | 531,848,834 |
Percentages indicated are based on net assets. |
Abbreviations | |
ADR | American Depositary Receipt |
JSC | Joint Stock Company |
NVDR | Non-Voting Depositary Receipt |
PJSC | Public Joint Stock Company |
Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
PT | Limited liability company |
REIT | Real Estate Investment Trust |
SCA | Limited partnership with share capital |
^ | Amount rounds to less than 0.1% of net assets. | |
* | Non-income producing security. |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)(a) | 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. | |
(b) | The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 is $5,880. | |
(c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(d) | The rate shown is the current yield as of January 31, 2024. |
Summary of Investments by Industry, January 31, 2024
The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:
INDUSTRY | PERCENT OF TOTAL INVESTMENTS |
Banks | 17.6 % |
Semiconductors & Semiconductor Equipment | 9.9 |
Oil, Gas & Consumable Fuels | 6.1 |
Technology Hardware, Storage & Peripherals | 5.9 |
Broadline Retail | 4.3 |
Interactive Media & Services | 4.1 |
Metals & Mining | 3.6 |
Automobiles | 2.8 |
IT Services | 2.7 |
Chemicals | 2.7 |
Industrial Conglomerates | 2.6 |
Electronic Equipment, Instruments & Components | 2.4 |
Insurance | 2.3 |
Hotels, Restaurants & Leisure | 1.7 |
Food Products | 1.7 |
Beverages | 1.6 |
Pharmaceuticals | 1.4 |
Real Estate Management & Development | 1.3 |
Consumer Staples Distribution & Retail | 1.3 |
Wireless Telecommunication Services | 1.3 |
Electric Utilities | 1.3 |
Electrical Equipment | 1.3 |
Diversified Telecommunication Services | 1.3 |
Financial Services | 1.2 |
Independent Power and Renewable Electricity Producers | 1.2 |
Capital Markets | 1.0 |
Construction Materials | 1.0 |
Others (each less than 1.0%) | 13.5 |
Short-Term Investments | 0.9 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)Futures contracts outstanding as of January 31, 2024:
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
MSCI Emerging Markets E-Mini Index | 58 | 03/15/2024 | USD | 2,844,320 | (26,908 ) |
Abbreviations | |
MSCI | Morgan Stanley Capital International |
USD | United States Dollar |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (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. Certain foreign equity instruments are valued by applying international fair value factors provided by approved Pricing Services. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAV is calculated.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.
Futures contracts are generally valued on the basis of available market quotations.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”):
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Investments in Securities | ||||
Common Stocks | ||||
Australia | $— | $75,309 | $— | $75,309 |
Brazil | 28,031,668 | — | — | 28,031,668 |
Chile | 2,670,540 | — | — | 2,670,540 |
China | 10,228,341 | 113,456,389 | — | 123,684,730 |
Colombia | 1,149,905 | — | — | 1,149,905 |
Czech Republic | 449,661 | 178,867 | — | 628,528 |
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Egypt | $— | $508,003 | $— | $508,003 |
Greece | 1,262,355 | 718,690 | — | 1,981,045 |
Hong Kong | 792,110 | 525,068 | — | 1,317,178 |
Hungary | 1,264,494 | — | — | 1,264,494 |
India | 356,314 | 108,743,871 | — | 109,100,185 |
Indonesia | 595,020 | 10,692,045 | — | 11,287,065 |
Kuwait | 122,284 | 4,633,270 | — | 4,755,554 |
Luxembourg | 244,990 | — | — | 244,990 |
Malaysia | 1,911,858 | 7,012,354 | — | 8,924,212 |
Mexico | 12,009,382 | — | — | 12,009,382 |
Peru | 865,269 | — | — | 865,269 |
Philippines | 1,031,691 | 2,976,824 | — | 4,008,515 |
Qatar | 1,086,043 | 3,954,051 | — | 5,040,094 |
Saudi Arabia | 1,259,911 | 19,801,208 | — | 21,061,119 |
South Africa | 8,971,777 | 5,272,491 | — | 14,244,268 |
South Korea | — | 62,805,055 | — | 62,805,055 |
Taiwan | — | 86,526,278 | — | 86,526,278 |
Thailand | — | 8,068,294 | — | 8,068,294 |
Turkey | 759,152 | 3,249,739 | — | 4,008,891 |
United Arab Emirates | 11,685,659 | 2,547,237 | — | 14,232,896 |
United States | 246,393 | 212,863 | — | 459,256 |
Total Common Stocks | 86,994,817 | 441,957,906 | — | 528,952,723 |
Rights | — | 6,298 | — | 6,298 |
Short-Term Investments | ||||
Investment Companies | 4,761,897 | — | — | 4,761,897 |
Investment of Cash Collateral from Securities Loaned | 6,525 | — | — | 6,525 |
Total Short-Term Investments | 4,768,422 | — | — | 4,768,422 |
Total Investments in Securities | $91,763,239 | $441,964,204 | $— | $533,727,443 |
Depreciation in Other Financial Instruments | ||||
Futures Contracts | $(26,908 ) | $— | $— | $(26,908 ) |
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.
JPMorgan BetaBuilders Emerging Markets Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF January 31, 2024 (Unaudited) (continued)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 January 31, 2024 | |||||||||
Security Description | Value at October 31, 2023 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation/ (Depreciation) | Value at January 31, 2024 | Shares at January 31, 2024 | Dividend Income | Capital Gain Distributions |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (a) (b) | $— | $58,445 | $51,920 | $— | $— | $6,525 | 6,525 | $199 | $— |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.26% (a) (b) | 4,440,195 | 17,917,479 | 17,595,777 | — | — | 4,761,897 | 4,761,897 | 63,605 | — |
Total | $4,440,195 | $17,975,924 | $17,647,697 | $— | $— | $4,768,422 | $63,804 | $— |
(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 January 31, 2024. |