JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
Schedule of Portfolio Investments as of July 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. |
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., 2024. |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — 99.5% | ||
Aerospace & Defense — 1.1% | ||
BWX Technologies, Inc. | 43,004 | 4,278,468 |
Curtiss-Wright Corp. | 17,953 | 5,290,749 |
Hexcel Corp. | 39,058 | 2,586,030 |
Leonardo DRS, Inc. * | 34,187 | 964,073 |
Loar Holdings, Inc. * | 5,946 | 371,625 |
Spirit AeroSystems Holdings, Inc., Class A * | 54,196 | 1,964,605 |
Woodward, Inc. | 26,621 | 4,152,610 |
19,608,160 | ||
Air Freight & Logistics — 0.5% | ||
CH Robinson Worldwide, Inc. | 54,652 | 4,866,761 |
GXO Logistics, Inc. * | 55,788 | 3,123,012 |
7,989,773 | ||
Automobile Components — 1.0% | ||
Adient plc * | 42,169 | 1,086,273 |
Autoliv, Inc. (Sweden) | 32,575 | 3,294,636 |
BorgWarner, Inc. | 106,853 | 3,772,979 |
Gentex Corp. | 109,721 | 3,407,934 |
Goodyear Tire & Rubber Co. (The) * | 133,113 | 1,557,422 |
Lear Corp. | 26,686 | 3,256,760 |
Visteon Corp. * | 13,056 | 1,508,490 |
17,884,494 | ||
Automobiles — 0.7% | ||
Harley-Davidson, Inc. | 63,271 | 2,372,663 |
Lucid Group, Inc. * (a) | 404,930 | 1,425,354 |
Rivian Automotive, Inc., Class A * (a) | 337,703 | 5,541,706 |
Thor Industries, Inc. | 24,059 | 2,553,622 |
11,893,345 | ||
Banks — 4.4% | ||
Bank OZK | 50,558 | 2,370,665 |
BOK Financial Corp. | 10,773 | 1,107,895 |
Cadence Bank | 84,722 | 2,784,812 |
Columbia Banking System, Inc. | 97,525 | 2,551,254 |
Comerica, Inc. | 61,909 | 3,393,232 |
Commerce Bancshares, Inc. | 59,731 | 3,865,193 |
Cullen/Frost Bankers, Inc. | 28,289 | 3,311,510 |
First Financial Bankshares, Inc. (a) | 66,996 | 2,576,666 |
First Horizon Corp. | 254,416 | 4,256,380 |
FNB Corp. | 167,949 | 2,576,338 |
Glacier Bancorp, Inc. | 53,338 | 2,384,742 |
Hancock Whitney Corp. | 40,445 | 2,213,555 |
Home BancShares, Inc. | 91,401 | 2,589,390 |
Old National Bancorp | 149,593 | 2,994,852 |
Pinnacle Financial Partners, Inc. | 36,114 | 3,478,500 |
Popular, Inc. (Puerto Rico) | 33,228 | 3,410,190 |
Prosperity Bancshares, Inc. | 44,570 | 3,232,216 |
SouthState Corp. | 35,673 | 3,530,557 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Banks — continued | ||
Synovus Financial Corp. | 68,654 | 3,209,575 |
TFS Financial Corp. | 24,791 | 336,166 |
UMB Financial Corp. | 21,574 | 2,200,979 |
United Bankshares, Inc. | 62,837 | 2,446,244 |
Valley National Bancorp | 204,424 | 1,717,162 |
Webster Financial Corp. | 80,763 | 4,007,460 |
Western Alliance Bancorp | 51,342 | 4,130,977 |
Wintrust Financial Corp. | 28,748 | 3,110,534 |
Zions Bancorp NA | 69,549 | 3,593,597 |
77,380,641 | ||
Beverages — 0.5% | ||
Boston Beer Co., Inc. (The), Class A * | 4,441 | 1,244,412 |
Celsius Holdings, Inc. * | 74,884 | 3,506,818 |
Coca-Cola Consolidated, Inc. | 2,272 | 2,603,462 |
National Beverage Corp. | 11,549 | 563,476 |
7,918,168 | ||
Biotechnology — 3.5% | ||
ACADIA Pharmaceuticals, Inc. * | 57,073 | 1,085,528 |
Alkermes plc * | 79,283 | 2,166,012 |
Amicus Therapeutics, Inc. * | 124,005 | 1,278,492 |
Apellis Pharmaceuticals, Inc. * | 38,228 | 1,513,829 |
Arrowhead Pharmaceuticals, Inc. * | 55,359 | 1,581,053 |
Blueprint Medicines Corp. * | 29,102 | 3,151,747 |
Cerevel Therapeutics Holdings, Inc. * | 36,167 | 1,626,068 |
CRISPR Therapeutics AG (Switzerland) * (a) | 39,929 | 2,287,532 |
Cytokinetics, Inc. * (a) | 50,280 | 2,967,023 |
Exelixis, Inc. * | 136,064 | 3,190,701 |
Halozyme Therapeutics, Inc. * | 59,809 | 3,305,045 |
Immunovant, Inc. * | 29,261 | 850,617 |
Ionis Pharmaceuticals, Inc. * | 64,078 | 3,169,298 |
Madrigal Pharmaceuticals, Inc. * | 7,469 | 2,126,126 |
Natera, Inc. * | 57,441 | 5,881,384 |
REVOLUTION Medicines, Inc. * | 65,569 | 2,992,569 |
Roivant Sciences Ltd. * | 183,787 | 1,994,089 |
Sarepta Therapeutics, Inc. * | 42,863 | 6,096,833 |
Ultragenyx Pharmaceutical, Inc. * | 40,679 | 1,831,369 |
United Therapeutics Corp. * | 17,969 | 5,629,508 |
Vaxcyte, Inc. * | 46,369 | 3,658,050 |
Viking Therapeutics, Inc. * | 48,810 | 2,782,170 |
61,165,043 | ||
Broadline Retail — 0.5% | ||
Dillard's, Inc., Class A | 1,947 | 776,055 |
Etsy, Inc. * | 54,895 | 3,575,860 |
Macy's, Inc. | 128,795 | 2,225,578 |
Ollie's Bargain Outlet Holdings, Inc. * | 28,996 | 2,831,169 |
9,408,662 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Building Products — 2.7% | ||
A O Smith Corp. | 56,816 | 4,831,633 |
AAON, Inc. | 32,058 | 2,838,095 |
Advanced Drainage Systems, Inc. | 33,203 | 5,878,259 |
Armstrong World Industries, Inc. | 20,740 | 2,725,236 |
AZEK Co., Inc. (The) * | 68,459 | 3,073,124 |
Carlisle Cos., Inc. | 22,392 | 9,372,843 |
Fortune Brands Innovations, Inc. | 59,196 | 4,783,629 |
Simpson Manufacturing Co., Inc. | 20,054 | 3,852,173 |
Trex Co., Inc. * | 50,981 | 4,263,541 |
UFP Industries, Inc. | 28,989 | 3,824,519 |
Zurn Elkay Water Solutions Corp. (a) | 68,609 | 2,227,048 |
47,670,100 | ||
Capital Markets — 3.4% | ||
Affiliated Managers Group, Inc. | 15,176 | 2,816,969 |
Blue Owl Capital, Inc. | 212,758 | 4,057,295 |
Cohen & Steers, Inc. (a) | 12,362 | 1,060,907 |
Evercore, Inc., Class A | 17,068 | 4,273,657 |
Federated Hermes, Inc. | 39,386 | 1,352,121 |
Freedom Holding Corp. (Kazakhstan) * (a) | 8,111 | 682,541 |
Houlihan Lokey, Inc. | 24,633 | 3,701,108 |
Interactive Brokers Group, Inc., Class A | 50,037 | 5,967,913 |
Invesco Ltd. | 153,119 | 2,642,834 |
Janus Henderson Group plc | 60,763 | 2,262,207 |
Jefferies Financial Group, Inc. | 76,515 | 4,473,832 |
MarketAxess Holdings, Inc. | 17,777 | 3,973,693 |
Morningstar, Inc. | 12,494 | 3,968,719 |
Robinhood Markets, Inc., Class A * | 241,048 | 4,958,357 |
SEI Investments Co. | 52,923 | 3,590,296 |
Stifel Financial Corp. | 47,115 | 4,177,687 |
Tradeweb Markets, Inc., Class A | 54,534 | 6,090,357 |
60,050,493 | ||
Chemicals — 2.4% | ||
Arcadium Lithium plc (Jersey) * | 503,140 | 1,599,985 |
Ashland, Inc. | 22,023 | 2,128,523 |
Avient Corp. | 42,796 | 1,936,091 |
Axalta Coating Systems Ltd. * | 97,005 | 3,458,228 |
Balchem Corp. | 15,136 | 2,686,035 |
Cabot Corp. | 25,887 | 2,596,207 |
Chemours Co. (The) | 69,755 | 1,685,978 |
Element Solutions, Inc. | 106,224 | 2,862,737 |
FMC Corp. | 58,569 | 3,418,087 |
HB Fuller Co. | 25,361 | 2,186,118 |
Huntsman Corp. | 77,967 | 1,865,750 |
NewMarket Corp. | 3,374 | 1,892,375 |
Olin Corp. | 56,063 | 2,557,034 |
Quaker Chemical Corp. | 6,532 | 1,186,015 |
RPM International, Inc. | 60,540 | 7,353,189 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Chemicals — continued | ||
Scotts Miracle-Gro Co. (The) | 20,085 | 1,578,681 |
Sensient Technologies Corp. | 19,834 | 1,548,044 |
42,539,077 | ||
Commercial Services & Supplies — 1.1% | ||
Casella Waste Systems, Inc., Class A * | 26,729 | 2,768,055 |
Clean Harbors, Inc. * | 23,967 | 5,721,642 |
MSA Safety, Inc. | 17,456 | 3,293,075 |
Stericycle, Inc. * | 43,436 | 2,543,178 |
Tetra Tech, Inc. | 24,947 | 5,319,698 |
19,645,648 | ||
Communications Equipment — 0.3% | ||
Ciena Corp. * | 67,613 | 3,565,910 |
Lumentum Holdings, Inc. * | 31,391 | 1,625,426 |
5,191,336 | ||
Construction & Engineering — 2.3% | ||
AECOM | 63,904 | 5,790,342 |
API Group Corp. * | 87,995 | 3,334,131 |
Arcosa, Inc. | 22,799 | 2,118,255 |
Comfort Systems USA, Inc. | 16,766 | 5,573,354 |
EMCOR Group, Inc. | 22,129 | 8,308,112 |
Fluor Corp. * | 79,824 | 3,839,534 |
MasTec, Inc. * | 28,773 | 3,165,893 |
MDU Resources Group, Inc. | 87,744 | 2,363,823 |
Valmont Industries, Inc. | 9,281 | 2,769,079 |
WillScot Holdings Corp. * | 90,143 | 3,695,863 |
40,958,386 | ||
Construction Materials — 0.4% | ||
Eagle Materials, Inc. | 16,029 | 4,364,697 |
Summit Materials, Inc., Class A * | 55,879 | 2,334,624 |
6,699,321 | ||
Consumer Finance — 1.0% | ||
Ally Financial, Inc. | 127,272 | 5,728,513 |
Credit Acceptance Corp. * (a) | 2,775 | 1,595,347 |
FirstCash Holdings, Inc. | 18,630 | 2,079,108 |
OneMain Holdings, Inc. | 52,962 | 2,767,794 |
SLM Corp. | 102,940 | 2,335,709 |
SoFi Technologies, Inc. * (a) | 488,364 | 3,682,265 |
18,188,736 | ||
Consumer Staples Distribution & Retail — 1.7% | ||
BJ's Wholesale Club Holdings, Inc. * | 57,786 | 5,082,857 |
Casey's General Stores, Inc. | 17,513 | 6,792,242 |
Maplebear, Inc. * | 68,703 | 2,369,566 |
Performance Food Group Co. * | 72,975 | 5,035,275 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Consumer Staples Distribution & Retail — continued | ||
Sprouts Farmers Market, Inc. * | 47,170 | 4,711,811 |
US Foods Holding Corp. * | 107,900 | 5,868,681 |
29,860,432 | ||
Containers & Packaging — 1.2% | ||
AptarGroup, Inc. | 30,851 | 4,534,480 |
Berry Global Group, Inc. | 54,331 | 3,570,633 |
Graphic Packaging Holding Co. | 143,534 | 4,320,373 |
Greif, Inc., Class A | 12,047 | 803,294 |
Sealed Air Corp. | 67,739 | 2,577,469 |
Silgan Holdings, Inc. | 38,674 | 1,989,004 |
Sonoco Products Co. | 45,894 | 2,474,605 |
20,269,858 | ||
Diversified Consumer Services — 1.1% | ||
ADT, Inc. | 140,870 | 1,095,969 |
Bright Horizons Family Solutions, Inc. * | 26,966 | 3,242,661 |
Duolingo, Inc. * | 17,222 | 2,961,151 |
Grand Canyon Education, Inc. * | 13,199 | 2,058,384 |
H&R Block, Inc. | 65,503 | 3,795,244 |
Service Corp. International | 68,457 | 5,470,399 |
18,623,808 | ||
Diversified REITs — 0.1% | ||
Essential Properties Realty Trust, Inc. | 82,463 | 2,440,080 |
Diversified Telecommunication Services — 0.5% | ||
Cogent Communications Holdings, Inc. | 20,562 | 1,451,471 |
Frontier Communications Parent, Inc. * | 85,702 | 2,511,069 |
Iridium Communications, Inc. | 52,207 | 1,498,341 |
Liberty Global Ltd., Class A (Belgium) * | 77,906 | 1,518,388 |
Liberty Global Ltd., Class C (Belgium) * | 78,881 | 1,586,297 |
8,565,566 | ||
Electric Utilities — 1.0% | ||
ALLETE, Inc. | 27,037 | 1,743,887 |
IDACORP, Inc. | 23,785 | 2,324,984 |
OGE Energy Corp. | 94,215 | 3,652,716 |
Otter Tail Corp. | 19,444 | 1,884,512 |
Pinnacle West Capital Corp. | 53,342 | 4,565,542 |
PNM Resources, Inc. | 42,430 | 1,764,239 |
Portland General Electric Co. | 48,417 | 2,293,997 |
18,229,877 | ||
Electrical Equipment — 1.7% | ||
Acuity Brands, Inc. | 14,528 | 3,651,613 |
Atkore, Inc. | 17,198 | 2,321,730 |
Bloom Energy Corp., Class A * (a) | 94,794 | 1,283,511 |
EnerSys | 18,946 | 2,082,734 |
Generac Holdings, Inc. * | 28,399 | 4,421,156 |
NEXTracker, Inc., Class A * | 59,862 | 2,941,619 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Electrical Equipment — continued | ||
nVent Electric plc | 77,654 | 5,640,010 |
Regal Rexnord Corp. | 31,148 | 5,004,860 |
Sensata Technologies Holding plc | 70,983 | 2,767,627 |
30,114,860 | ||
Electronic Equipment, Instruments & Components — 2.8% | ||
Advanced Energy Industries, Inc. | 17,537 | 2,040,781 |
Arrow Electronics, Inc. * | 24,989 | 3,090,889 |
Avnet, Inc. | 42,479 | 2,283,671 |
Badger Meter, Inc. | 13,777 | 2,840,266 |
Belden, Inc. | 19,096 | 1,770,008 |
Cognex Corp. | 76,926 | 3,817,068 |
Coherent Corp. * | 70,473 | 4,910,559 |
Fabrinet (Thailand) * | 17,073 | 3,765,621 |
Insight Enterprises, Inc. * (a) | 13,086 | 2,937,807 |
IPG Photonics Corp. * | 14,340 | 1,152,936 |
Jabil, Inc. | 55,594 | 6,263,776 |
Littelfuse, Inc. | 11,702 | 3,125,721 |
Novanta, Inc. * | 16,760 | 3,036,577 |
Sanmina Corp. * | 26,033 | 1,961,066 |
TD SYNNEX Corp. | 23,179 | 2,762,241 |
Vontier Corp. | 72,450 | 2,842,214 |
48,601,201 | ||
Energy Equipment & Services — 1.1% | ||
ChampionX Corp. | 89,215 | 3,056,506 |
Helmerich & Payne, Inc. | 46,302 | 1,871,527 |
NOV, Inc. | 184,747 | 3,846,433 |
Patterson-UTI Energy, Inc. | 175,463 | 1,928,338 |
Transocean Ltd. * (a) | 342,736 | 1,984,442 |
Valaris Ltd. * | 29,421 | 2,312,196 |
Weatherford International plc * | 34,377 | 4,051,673 |
19,051,115 | ||
Entertainment — 0.8% | ||
Endeavor Group Holdings, Inc., Class A (a) | 87,066 | 2,387,350 |
Madison Square Garden Sports Corp. * | 7,931 | 1,589,451 |
Playtika Holding Corp. | 33,170 | 253,087 |
Roku, Inc. * | 56,442 | 3,285,489 |
TKO Group Holdings, Inc. | 33,174 | 3,627,577 |
Warner Music Group Corp., Class A | 63,276 | 1,898,913 |
13,041,867 | ||
Financial Services — 2.2% | ||
Affirm Holdings, Inc. * | 107,239 | 3,033,791 |
Enact Holdings, Inc. | 13,762 | 468,321 |
Essent Group Ltd. | 50,119 | 3,149,478 |
Euronet Worldwide, Inc. * | 20,350 | 2,075,497 |
Flywire Corp. * | 45,204 | 827,685 |
Jackson Financial, Inc., Class A | 32,546 | 2,866,001 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Financial Services — continued | ||
MGIC Investment Corp. | 124,901 | 3,102,541 |
Mr. Cooper Group, Inc. * | 28,527 | 2,564,007 |
PennyMac Financial Services, Inc. | 13,126 | 1,287,923 |
Radian Group, Inc. | 71,055 | 2,636,141 |
Remitly Global, Inc. * | 67,997 | 898,240 |
Shift4 Payments, Inc., Class A * (a) | 27,951 | 1,922,749 |
Toast, Inc., Class A * (a) | 192,563 | 5,037,448 |
Voya Financial, Inc. | 47,228 | 3,434,892 |
Western Union Co. (The) | 158,834 | 1,888,536 |
WEX, Inc. * | 19,690 | 3,612,131 |
38,805,381 | ||
Food Products — 1.1% | ||
Darling Ingredients, Inc. * | 74,818 | 2,972,519 |
Flowers Foods, Inc. | 94,047 | 2,117,939 |
Freshpet, Inc. * | 21,257 | 2,586,977 |
Ingredion, Inc. | 30,605 | 3,806,344 |
J & J Snack Foods Corp. | 7,096 | 1,197,095 |
Lancaster Colony Corp. | 9,566 | 1,846,812 |
Pilgrim's Pride Corp. * | 19,493 | 803,696 |
Post Holdings, Inc. * | 25,536 | 2,792,617 |
Seaboard Corp. | 120 | 389,749 |
Simply Good Foods Co. (The) * | 42,262 | 1,433,527 |
19,947,275 | ||
Gas Utilities — 0.7% | ||
National Fuel Gas Co. | 43,110 | 2,525,815 |
New Jersey Resources Corp. | 46,402 | 2,169,294 |
ONE Gas, Inc. | 24,507 | 1,706,422 |
Southwest Gas Holdings, Inc. | 26,039 | 1,931,052 |
Spire, Inc. | 26,947 | 1,794,401 |
UGI Corp. | 98,539 | 2,441,796 |
12,568,780 | ||
Ground Transportation — 1.6% | ||
Avis Budget Group, Inc. | 8,317 | 840,100 |
Knight-Swift Transportation Holdings, Inc. | 70,822 | 3,854,842 |
Landstar System, Inc. | 16,875 | 3,210,469 |
Lyft, Inc., Class A * | 163,340 | 1,968,247 |
Ryder System, Inc. | 20,514 | 2,875,242 |
Saia, Inc. * | 12,463 | 5,207,665 |
U-Haul Holding Co. * (a) | 3,579 | 239,041 |
U-Haul Holding Co. | 47,234 | 3,010,223 |
XPO, Inc. * | 54,499 | 6,261,390 |
27,467,219 | ||
Health Care Equipment & Supplies — 1.8% | ||
Dentsply Sirona, Inc. | 97,376 | 2,642,785 |
Enovis Corp. * | 24,654 | 1,174,517 |
Envista Holdings Corp. * | 80,547 | 1,374,937 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Health Care Equipment & Supplies — continued | ||
Globus Medical, Inc., Class A * | 52,926 | 3,808,555 |
Haemonetics Corp. * | 23,822 | 2,145,171 |
Inspire Medical Systems, Inc. * | 13,860 | 1,954,953 |
iRhythm Technologies, Inc. * | 14,514 | 1,251,832 |
Lantheus Holdings, Inc. * | 32,116 | 3,366,720 |
Masimo Corp. * | 20,979 | 2,244,333 |
Merit Medical Systems, Inc. * | 27,138 | 2,314,600 |
Neogen Corp. * | 101,651 | 1,731,117 |
Penumbra, Inc. * | 17,484 | 2,921,402 |
QuidelOrtho Corp. * | 23,730 | 932,352 |
Solventum Corp. * | 65,075 | 3,831,616 |
31,694,890 | ||
Health Care Providers & Services — 2.4% | ||
Acadia Healthcare Co., Inc. * | 42,944 | 2,784,918 |
Chemed Corp. | 7,056 | 4,023,049 |
CorVel Corp. * | 4,386 | 1,345,625 |
DaVita, Inc. * | 23,515 | 3,212,619 |
Encompass Health Corp. | 46,917 | 4,360,466 |
Ensign Group, Inc. (The) | 26,528 | 3,733,816 |
HealthEquity, Inc. * | 40,198 | 3,154,739 |
Henry Schein, Inc. * | 59,994 | 4,315,968 |
Option Care Health, Inc. * | 81,681 | 2,425,109 |
Premier, Inc., Class A | 49,208 | 1,032,384 |
Progyny, Inc. * | 39,446 | 1,112,377 |
R1 RCM, Inc. * | 73,116 | 941,734 |
Select Medical Holdings Corp. | 47,955 | 1,906,691 |
Surgery Partners, Inc. * | 35,760 | 1,085,674 |
Tenet Healthcare Corp. * | 45,490 | 6,809,853 |
42,245,022 | ||
Health Care REITs — 0.5% | ||
Healthcare Realty Trust, Inc. | 178,804 | 3,163,043 |
Medical Properties Trust, Inc. (a) | 281,486 | 1,353,948 |
Omega Healthcare Investors, Inc. | 115,014 | 4,186,509 |
8,703,500 | ||
Health Care Technology — 0.2% | ||
Doximity, Inc., Class A * | 58,142 | 1,627,976 |
Evolent Health, Inc., Class A * | 53,950 | 1,258,114 |
2,886,090 | ||
Hotel & Resort REITs — 0.3% | ||
Apple Hospitality REIT, Inc. | 106,338 | 1,572,739 |
Ryman Hospitality Properties, Inc. | 27,412 | 2,755,180 |
4,327,919 | ||
Hotels, Restaurants & Leisure — 3.8% | ||
Aramark | 121,414 | 4,160,858 |
Boyd Gaming Corp. | 32,089 | 1,953,257 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Hotels, Restaurants & Leisure — continued | ||
Caesars Entertainment, Inc. * | 97,411 | 3,891,570 |
Cava Group, Inc. * | 33,241 | 2,799,557 |
Choice Hotels International, Inc. (a) | 13,140 | 1,674,693 |
Churchill Downs, Inc. | 33,090 | 4,750,400 |
DraftKings, Inc., Class A * | 223,941 | 8,274,620 |
Hilton Grand Vacations, Inc. * | 35,333 | 1,526,739 |
Hyatt Hotels Corp., Class A | 20,713 | 3,051,646 |
Life Time Group Holdings, Inc. * | 27,866 | 578,777 |
Light & Wonder, Inc. * | 42,315 | 4,536,168 |
Marriott Vacations Worldwide Corp. | 14,401 | 1,218,037 |
Norwegian Cruise Line Holdings Ltd. * | 199,719 | 3,680,821 |
Penn Entertainment, Inc. * | 63,655 | 1,271,190 |
Planet Fitness, Inc., Class A * | 40,805 | 3,007,329 |
Texas Roadhouse, Inc. | 31,384 | 5,479,960 |
Travel + Leisure Co. | 32,886 | 1,515,716 |
United Parks & Resorts, Inc. * | 16,922 | 890,943 |
Vail Resorts, Inc. | 17,810 | 3,241,598 |
Wendy's Co. (The) | 76,940 | 1,302,594 |
Wingstop, Inc. | 13,836 | 5,173,004 |
Wyndham Hotels & Resorts, Inc. | 37,524 | 2,841,317 |
66,820,794 | ||
Household Durables — 2.4% | ||
Installed Building Products, Inc. | 11,212 | 3,031,164 |
KB Home | 31,461 | 2,708,163 |
Meritage Homes Corp. | 17,078 | 3,464,614 |
Mohawk Industries, Inc. * | 25,013 | 4,028,844 |
Newell Brands, Inc. | 184,707 | 1,586,633 |
Skyline Champion Corp. * | 26,778 | 2,182,675 |
Taylor Morrison Home Corp. * | 46,816 | 3,140,417 |
Tempur Sealy International, Inc. | 79,984 | 4,187,162 |
Toll Brothers, Inc. | 48,433 | 6,911,873 |
TopBuild Corp. * | 14,932 | 7,145,559 |
Whirlpool Corp. | 25,751 | 2,625,830 |
Worthington Enterprises, Inc. | 15,113 | 754,290 |
41,767,224 | ||
Household Products — 0.0% ^ | ||
Reynolds Consumer Products, Inc. | 25,586 | 711,803 |
Independent Power and Renewable Electricity Producers — 0.2% | ||
Clearway Energy, Inc. | 15,729 | 387,405 |
Clearway Energy, Inc., Class C | 38,717 | 1,032,970 |
Ormat Technologies, Inc. | 25,154 | 1,952,956 |
3,373,331 | ||
Industrial REITs — 1.3% | ||
Americold Realty Trust, Inc. | 122,831 | 3,671,419 |
EastGroup Properties, Inc. | 22,579 | 4,222,047 |
First Industrial Realty Trust, Inc. | 58,675 | 3,210,696 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Industrial REITs — continued | ||
Rexford Industrial Realty, Inc. | 95,392 | 4,780,093 |
STAG Industrial, Inc. | 85,410 | 3,485,582 |
Terreno Realty Corp. | 44,345 | 3,033,641 |
22,403,478 | ||
Insurance — 3.7% | ||
Assurant, Inc. | 24,447 | 4,275,047 |
Assured Guaranty Ltd. | 24,771 | 2,040,387 |
Axis Capital Holdings Ltd. | 36,770 | 2,785,327 |
Brighthouse Financial, Inc. * | 29,282 | 1,460,293 |
Enstar Group Ltd. * | 5,404 | 1,753,058 |
Erie Indemnity Co., Class A | 11,842 | 5,224,098 |
First American Financial Corp. | 48,196 | 2,919,714 |
Globe Life, Inc. | 43,360 | 4,021,206 |
Hanover Insurance Group, Inc. (The) | 16,755 | 2,303,645 |
Kemper Corp. | 28,880 | 1,850,053 |
Kinsale Capital Group, Inc. | 10,399 | 4,753,071 |
Lincoln National Corp. | 79,250 | 2,639,025 |
Old Republic International Corp. | 118,919 | 4,116,976 |
Primerica, Inc. | 16,154 | 4,067,093 |
RenaissanceRe Holdings Ltd. (Bermuda) | 24,225 | 5,618,020 |
RLI Corp. | 19,208 | 2,892,533 |
Ryan Specialty Holdings, Inc. | 46,633 | 2,872,126 |
Selective Insurance Group, Inc. | 28,472 | 2,571,591 |
Unum Group | 82,761 | 4,761,240 |
White Mountains Insurance Group Ltd. | 1,195 | 2,134,270 |
65,058,773 | ||
Interactive Media & Services — 0.5% | ||
IAC, Inc. * | 35,854 | 1,893,450 |
Match Group, Inc. * | 124,687 | 4,755,562 |
Trump Media & Technology Group Corp. * (a) | 20,198 | 580,490 |
ZoomInfo Technologies, Inc. * | 132,622 | 1,506,586 |
8,736,088 | ||
IT Services — 0.4% | ||
ASGN, Inc. * | 21,483 | 2,033,796 |
DXC Technology Co. * | 83,789 | 1,704,268 |
Kyndryl Holdings, Inc. * | 107,190 | 2,880,195 |
6,618,259 | ||
Leisure Products — 0.9% | ||
Acushnet Holdings Corp. | 13,879 | 1,007,338 |
Brunswick Corp. | 31,720 | 2,583,594 |
Hasbro, Inc. | 61,684 | 3,976,151 |
Mattel, Inc. * | 161,521 | 3,115,740 |
Polaris, Inc. | 25,103 | 2,090,578 |
Topgolf Callaway Brands Corp. * | 67,875 | 1,119,937 |
YETI Holdings, Inc. * | 40,052 | 1,656,150 |
15,549,488 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Life Sciences Tools & Services — 1.1% | ||
10X Genomics, Inc., Class A * | 49,550 | 1,024,198 |
Azenta, Inc. * | 23,045 | 1,435,473 |
Bio-Rad Laboratories, Inc., Class A * | 9,760 | 3,302,394 |
Bruker Corp. | 44,438 | 3,044,447 |
Medpace Holdings, Inc. * | 11,821 | 4,521,769 |
Repligen Corp. * (a) | 24,583 | 4,113,965 |
Sotera Health Co. * | 60,357 | 837,152 |
18,279,398 | ||
Machinery — 4.9% | ||
AGCO Corp. | 29,412 | 2,777,081 |
Allison Transmission Holdings, Inc. | 41,108 | 3,641,758 |
Chart Industries, Inc. * (a) | 20,090 | 3,236,097 |
Crane Co. | 22,904 | 3,674,260 |
Donaldson Co., Inc. | 56,667 | 4,239,825 |
Esab Corp. | 26,622 | 2,704,795 |
Federal Signal Corp. | 28,632 | 2,862,341 |
Flowserve Corp. | 61,659 | 3,116,863 |
Franklin Electric Co., Inc. | 18,878 | 2,012,772 |
Gates Industrial Corp. plc * | 87,788 | 1,631,979 |
Graco, Inc. | 79,239 | 6,739,277 |
Hillenbrand, Inc. | 32,792 | 1,450,390 |
ITT, Inc. | 38,542 | 5,452,151 |
John Bean Technologies Corp. | 14,932 | 1,469,010 |
Lincoln Electric Holdings, Inc. | 26,880 | 5,521,421 |
Middleby Corp. (The) * | 25,164 | 3,411,735 |
Mueller Industries, Inc. | 51,637 | 3,663,129 |
Nordson Corp. | 24,057 | 6,022,189 |
Oshkosh Corp. | 30,524 | 3,316,433 |
RBC Bearings, Inc. * | 13,449 | 3,911,507 |
SPX Technologies, Inc. * | 21,660 | 3,195,716 |
Terex Corp. | 31,468 | 1,990,666 |
Timken Co. (The) | 31,627 | 2,749,968 |
Toro Co. (The) | 48,799 | 4,671,528 |
Watts Water Technologies, Inc., Class A | 12,835 | 2,663,519 |
86,126,410 | ||
Marine Transportation — 0.2% | ||
Kirby Corp. * | 27,342 | 3,359,785 |
Media — 0.9% | ||
Liberty Broadband Corp., Class A * | 7,986 | 528,833 |
Liberty Broadband Corp., Class C * | 51,034 | 3,439,181 |
Liberty Media Corp-Liberty SiriusXM * | 71,904 | 1,618,559 |
Liberty Media Corp-Liberty SiriusXM, Class A * | 28,019 | 633,790 |
New York Times Co. (The), Class A | 73,275 | 3,926,807 |
Nexstar Media Group, Inc. | 14,581 | 2,694,423 |
Paramount Global, Class B (a) | 264,044 | 3,015,383 |
15,856,976 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Metals & Mining — 1.9% | ||
Alcoa Corp. | 115,457 | 3,814,699 |
ATI, Inc. * | 58,479 | 3,959,613 |
Cleveland-Cliffs, Inc. * | 222,768 | 3,419,489 |
Commercial Metals Co. | 53,994 | 3,245,039 |
Hecla Mining Co. | 276,565 | 1,598,546 |
MP Materials Corp. * (a) | 44,768 | 605,263 |
Reliance, Inc. | 27,007 | 8,225,252 |
Royal Gold, Inc. | 30,901 | 4,268,046 |
United States Steel Corp. (a) | 104,707 | 4,302,411 |
33,438,358 | ||
Mortgage Real Estate Investment Trusts (REITs) — 0.6% | ||
AGNC Investment Corp. | 340,236 | 3,405,763 |
Blackstone Mortgage Trust, Inc., Class A (a) | 77,239 | 1,378,716 |
Rithm Capital Corp. | 227,302 | 2,638,976 |
Starwood Property Trust, Inc. (a) | 139,385 | 2,780,731 |
10,204,186 | ||
Multi-Utilities — 0.3% | ||
Avista Corp. | 36,670 | 1,436,731 |
Black Hills Corp. | 32,394 | 1,912,866 |
Northwestern Energy Group, Inc. | 27,051 | 1,454,532 |
4,804,129 | ||
Office REITs — 0.2% | ||
Cousins Properties, Inc. | 66,254 | 1,822,647 |
Kilroy Realty Corp. | 54,212 | 2,004,218 |
3,826,865 | ||
Oil, Gas & Consumable Fuels — 3.3% | ||
Antero Midstream Corp. | 159,539 | 2,290,980 |
Antero Resources Corp. * | 138,016 | 4,005,224 |
California Resources Corp. | 32,052 | 1,648,755 |
Chesapeake Energy Corp. (a) | 49,449 | 3,774,442 |
Chord Energy Corp. | 28,869 | 4,955,653 |
Civitas Resources, Inc. | 34,192 | 2,385,234 |
Comstock Resources, Inc. | 41,097 | 389,189 |
DT Midstream, Inc. | 45,569 | 3,434,080 |
HF Sinclair Corp. | 78,181 | 4,023,976 |
Magnolia Oil & Gas Corp., Class A (a) | 81,106 | 2,209,327 |
Matador Resources Co. | 55,586 | 3,417,427 |
Murphy Oil Corp. | 71,628 | 2,963,967 |
New Fortress Energy, Inc. (a) | 42,340 | 835,792 |
Ovintiv, Inc. | 124,960 | 5,803,142 |
PBF Energy, Inc., Class A | 48,577 | 1,979,513 |
Peabody Energy Corp. | 56,158 | 1,247,269 |
Permian Resources Corp. | 241,182 | 3,699,732 |
Range Resources Corp. | 112,714 | 3,520,058 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Oil, Gas & Consumable Fuels — continued | ||
SM Energy Co. | 53,788 | 2,485,006 |
Southwestern Energy Co. * | 517,091 | 3,335,230 |
58,403,996 | ||
Paper & Forest Products — 0.2% | ||
Louisiana-Pacific Corp. | 30,157 | 2,960,211 |
Passenger Airlines — 0.3% | ||
Alaska Air Group, Inc. * | 60,236 | 2,260,657 |
American Airlines Group, Inc. * | 285,597 | 3,038,752 |
5,299,409 | ||
Personal Care Products — 0.6% | ||
BellRing Brands, Inc. * | 61,291 | 3,143,002 |
Coty, Inc., Class A * | 179,621 | 1,787,229 |
elf Beauty, Inc. * | 24,927 | 4,301,902 |
Inter Parfums, Inc. | 8,499 | 1,195,639 |
10,427,772 | ||
Pharmaceuticals — 1.3% | ||
Axsome Therapeutics, Inc. * | 18,520 | 1,616,981 |
Catalent, Inc. * | 84,630 | 5,021,944 |
Elanco Animal Health, Inc. * | 231,348 | 3,016,778 |
Intra-Cellular Therapies, Inc. * | 45,886 | 3,612,146 |
Jazz Pharmaceuticals plc * | 29,555 | 3,258,439 |
Organon & Co. | 120,116 | 2,625,736 |
Perrigo Co. plc | 63,678 | 1,800,177 |
Prestige Consumer Healthcare, Inc. * | 23,271 | 1,647,819 |
22,600,020 | ||
Professional Services — 2.6% | ||
Alight, Inc., Class A * | 195,197 | 1,477,641 |
CACI International, Inc., Class A * | 10,459 | 4,826,619 |
Clarivate plc * | 152,718 | 1,029,319 |
Concentrix Corp. (a) | 20,519 | 1,446,590 |
Dun & Bradstreet Holdings, Inc. | 126,163 | 1,372,654 |
ExlService Holdings, Inc. * | 76,181 | 2,686,142 |
Exponent, Inc. | 23,764 | 2,520,885 |
FTI Consulting, Inc. * | 16,654 | 3,630,072 |
Genpact Ltd. | 72,791 | 2,523,664 |
Insperity, Inc. | 16,898 | 1,735,763 |
KBR, Inc. | 63,252 | 4,211,951 |
ManpowerGroup, Inc. | 22,577 | 1,728,947 |
Maximus, Inc. | 28,693 | 2,665,293 |
Parsons Corp. * | 22,090 | 2,018,363 |
Paycor HCM, Inc. * | 38,093 | 472,734 |
Paylocity Holding Corp. * | 20,532 | 3,081,237 |
Robert Half, Inc. | 49,165 | 3,155,901 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Professional Services — continued | ||
Science Applications International Corp. | 23,997 | 2,985,227 |
TriNet Group, Inc. | 14,992 | 1,562,916 |
45,131,918 | ||
Real Estate Management & Development — 0.4% | ||
Howard Hughes Holdings, Inc. * | 14,652 | 1,086,739 |
Jones Lang LaSalle, Inc. * | 22,289 | 5,592,310 |
6,679,049 | ||
Residential REITs — 0.4% | ||
American Homes 4 Rent, Class A | 150,688 | 5,438,330 |
Independence Realty Trust, Inc. | 105,492 | 1,967,426 |
7,405,756 | ||
Retail REITs — 1.1% | ||
Agree Realty Corp. | 44,353 | 3,059,027 |
Brixmor Property Group, Inc. | 141,117 | 3,594,250 |
Federal Realty Investment Trust | 39,021 | 4,356,695 |
Kite Realty Group Trust | 103,096 | 2,542,347 |
NNN REIT, Inc. | 85,734 | 3,848,599 |
Phillips Edison & Co., Inc. | 57,519 | 2,018,917 |
19,419,835 | ||
Semiconductors & Semiconductor Equipment — 2.2% | ||
Allegro MicroSystems, Inc. (Japan) * | 37,936 | 911,981 |
Amkor Technology, Inc. | 55,493 | 1,812,401 |
Astera Labs, Inc. * (a) | 11,775 | 516,216 |
Axcelis Technologies, Inc. * | 15,250 | 1,926,838 |
Cirrus Logic, Inc. * | 25,329 | 3,304,928 |
Diodes, Inc. * | 21,522 | 1,683,020 |
Lattice Semiconductor Corp. * | 64,669 | 3,427,457 |
MACOM Technology Solutions Holdings, Inc. * | 26,830 | 2,707,684 |
MKS Instruments, Inc. | 27,244 | 3,430,020 |
Onto Innovation, Inc. * | 23,088 | 4,416,734 |
Power Integrations, Inc. | 26,505 | 1,935,925 |
Rambus, Inc. * | 50,471 | 2,596,228 |
Silicon Laboratories, Inc. * | 14,874 | 1,786,814 |
SolarEdge Technologies, Inc. * (a) | 26,723 | 771,226 |
Synaptics, Inc. * | 18,365 | 1,603,632 |
Universal Display Corp. | 22,210 | 4,944,390 |
Wolfspeed, Inc. * (a) | 55,238 | 1,041,236 |
38,816,730 | ||
Software — 5.7% | ||
Altair Engineering, Inc., Class A * | 26,681 | 2,357,533 |
AppLovin Corp., Class A * | 98,184 | 7,569,986 |
Bill Holdings, Inc. * | 46,150 | 2,305,654 |
Blackbaud, Inc. * | 19,792 | 1,571,089 |
BlackLine, Inc. * | 23,864 | 1,134,017 |
Box, Inc., Class A * | 68,142 | 1,916,153 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Software — continued | ||
CCC Intelligent Solutions Holdings, Inc. * | 152,644 | 1,566,128 |
Confluent, Inc., Class A * | 107,491 | 2,689,425 |
Dolby Laboratories, Inc., Class A | 27,732 | 2,184,172 |
DoubleVerify Holdings, Inc. * | 68,205 | 1,440,490 |
Dropbox, Inc., Class A * | 112,207 | 2,683,992 |
Elastic NV * | 40,187 | 4,407,308 |
Envestnet, Inc. * | 24,759 | 1,534,563 |
Five9, Inc. * | 34,539 | 1,538,713 |
Gitlab, Inc., Class A * | 54,570 | 2,795,621 |
Guidewire Software, Inc. * | 39,155 | 5,875,991 |
Informatica, Inc., Class A * | 62,278 | 1,490,935 |
Instructure Holdings, Inc. * | 9,801 | 228,951 |
Manhattan Associates, Inc. * | 28,844 | 7,366,181 |
MicroStrategy, Inc., Class A * (a) | 7,196 | 11,617,510 |
Nutanix, Inc., Class A * | 114,389 | 5,777,788 |
Pegasystems, Inc. | 19,439 | 1,355,287 |
PowerSchool Holdings, Inc., Class A * | 26,315 | 593,666 |
Procore Technologies, Inc. * | 40,473 | 2,874,797 |
Qualys, Inc. * | 17,304 | 2,580,719 |
Samsara, Inc., Class A * | 91,919 | 3,518,659 |
SentinelOne, Inc., Class A * | 126,972 | 2,907,659 |
Smartsheet, Inc., Class A * | 64,692 | 3,102,628 |
SPS Commerce, Inc. * | 17,159 | 3,696,392 |
Tenable Holdings, Inc. * | 55,856 | 2,564,908 |
Teradata Corp. * | 45,260 | 1,467,329 |
UiPath, Inc., Class A * | 207,953 | 2,530,788 |
Workiva, Inc. * | 23,933 | 1,765,538 |
99,010,570 | ||
Specialized REITs — 1.3% | ||
CubeSmart | 105,351 | 5,012,600 |
EPR Properties | 35,364 | 1,591,380 |
Gaming and Leisure Properties, Inc. | 122,619 | 6,155,474 |
Lamar Advertising Co., Class A | 40,908 | 4,903,233 |
National Storage Affiliates Trust (a) | 32,442 | 1,381,056 |
PotlatchDeltic Corp. | 37,183 | 1,649,438 |
Rayonier, Inc. | 62,990 | 1,910,487 |
22,603,668 | ||
Specialty Retail — 4.0% | ||
Abercrombie & Fitch Co., Class A * | 23,388 | 3,449,262 |
Academy Sports & Outdoors, Inc. | 34,535 | 1,867,307 |
Advance Auto Parts, Inc. | 27,906 | 1,767,287 |
Asbury Automotive Group, Inc. * | 9,480 | 2,552,206 |
AutoNation, Inc. * | 12,540 | 2,391,629 |
Bath & Body Works, Inc. | 104,581 | 3,843,352 |
Carvana Co. * | 47,585 | 6,339,749 |
Dick's Sporting Goods, Inc. | 27,228 | 5,890,778 |
Five Below, Inc. * | 25,671 | 1,867,308 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Specialty Retail — continued | ||
Floor & Decor Holdings, Inc., Class A * | 49,980 | 4,898,040 |
GameStop Corp., Class A * (a) | 178,386 | 4,044,011 |
Gap, Inc. (The) | 105,012 | 2,465,682 |
Group 1 Automotive, Inc. | 6,346 | 2,320,859 |
Lithia Motors, Inc., Class A | 12,919 | 3,569,907 |
Murphy USA, Inc. | 9,414 | 4,753,317 |
Penske Automotive Group, Inc. | 9,327 | 1,623,924 |
RH * | 7,028 | 2,038,682 |
Signet Jewelers Ltd. | 20,692 | 1,740,818 |
Valvoline, Inc. * | 60,526 | 2,814,459 |
Williams-Sonoma, Inc. | 57,088 | 8,830,372 |
69,068,949 | ||
Technology Hardware, Storage & Peripherals — 0.5% | ||
Pure Storage, Inc., Class A * | 144,360 | 8,651,495 |
Textiles, Apparel & Luxury Goods — 1.4% | ||
Capri Holdings Ltd. * | 54,615 | 1,831,787 |
Columbia Sportswear Co. | 15,964 | 1,304,259 |
Crocs, Inc. * | 28,177 | 3,786,143 |
PVH Corp. | 26,629 | 2,715,892 |
Ralph Lauren Corp. | 18,793 | 3,299,863 |
Skechers U.S.A., Inc., Class A * | 62,843 | 4,092,964 |
Tapestry, Inc. | 107,701 | 4,317,733 |
Under Armour, Inc., Class A * | 88,805 | 618,971 |
Under Armour, Inc., Class C * | 71,342 | 484,412 |
VF Corp. | 154,758 | 2,624,696 |
25,076,720 | ||
Trading Companies & Distributors — 1.9% | ||
Air Lease Corp. | 49,093 | 2,435,995 |
Applied Industrial Technologies, Inc. | 18,178 | 3,966,258 |
Beacon Roofing Supply, Inc. * | 29,531 | 3,035,787 |
Core & Main, Inc., Class A * | 85,109 | 4,550,778 |
FTAI Aviation Ltd. | 46,586 | 5,192,010 |
GATX Corp. | 16,523 | 2,304,958 |
Herc Holdings, Inc. | 12,472 | 1,943,636 |
MSC Industrial Direct Co., Inc., Class A | 20,763 | 1,846,869 |
Rush Enterprises, Inc., Class A | 28,976 | 1,478,066 |
Rush Enterprises, Inc., Class B | 3,672 | 173,612 |
SiteOne Landscape Supply, Inc. * | 20,930 | 3,070,012 |
WESCO International, Inc. | 20,879 | 3,652,781 |
33,650,762 | ||
Water Utilities — 0.4% | ||
American States Water Co. | 17,396 | 1,435,692 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Water Utilities — continued | ||
California Water Service Group | 27,066 | 1,446,948 |
Essential Utilities, Inc. | 117,703 | 4,784,627 |
7,667,267 | ||
Total Common Stocks (Cost $1,513,535,168) | 1,741,445,595 | |
Short-Term Investments — 4.2% | ||
Investment Companies — 0.5% | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (b) (c) (Cost $9,843,034) | 9,843,034 | 9,843,034 |
Investment of Cash Collateral from Securities Loaned — 3.7% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.40% (b) (c) | 57,468,558 | 57,474,305 |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (b) (c) | 7,241,624 | 7,241,624 |
Total Investment of Cash Collateral from Securities Loaned (Cost $64,712,229) | 64,715,929 | |
Total Short-Term Investments (Cost $74,555,263) | 74,558,963 | |
Total Investments — 103.7% (Cost $1,588,090,431) | 1,816,004,558 | |
Liabilities in Excess of Other Assets — (3.7)% | (65,213,522 ) | |
NET ASSETS — 100.0% | 1,750,791,036 |
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 July 31, 2024. The total value of securities on loan at July 31, 2024 is $63,690,107. | |
(b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(c) | The rate shown is the current yield as of July 31, 2024. |
Futures contracts outstanding as of July 31, 2024:
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
S&P MidCap 400 E-Mini Index | 29 | 09/20/2024 | USD | 9,050,610 | 462,978 |
Abbreviations | |
USD | United States Dollar |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 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 Fund 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 Fund. 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) | $1,816,004,558 | $— | $— | $1,816,004,558 |
Appreciation in Other Financial Instruments | ||||
Futures Contracts (a) | $462,978 | $— | $— | $462,978 |
(a) | Please refer to the SOI for specifics of portfolio holdings. |
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 U.S. Mid Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 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 July 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 July 31, 2024 | Shares at July 31, 2024 | Dividend Income | Capital Gain Distributions |
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.40% (a) (b) | $139,472,056 | $219,000,000 | $301,000,000 | $(3,950 ) | $6,199 | $57,474,305 | 57,468,558 | $4,114,558 | $— |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b) | 15,819,380 | 163,973,011 | 172,550,767 | — | — | 7,241,624 | 7,241,624 | 523,949 | — |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b) | 14,241,062 | 59,444,955 | 63,842,983 | — | — | 9,843,034 | 9,843,034 | 447,423 | — |
Total | $169,532,498 | $442,417,966 | $537,393,750 | $(3,950 ) | $6,199 | $74,558,963 | $5,085,930 | $— |
(a) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. |
(b) | The rate shown is the current yield as of July 31, 2024. |