JPMorgan BetaBuilders U.S. Small 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. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — 98.3% | ||
Aerospace & Defense — 1.4% | ||
AAR Corp. * | 11,927 | 770,484 |
AeroVironment, Inc. * | 9,421 | 1,682,026 |
Cadre Holdings, Inc. | 7,646 | 280,608 |
Kratos Defense & Security Solutions, Inc. * | 49,732 | 1,120,959 |
Mercury Systems, Inc. * | 18,202 | 647,081 |
Moog, Inc., Class A | 9,708 | 1,903,739 |
Rocket Lab USA, Inc. * (a) | 91,106 | 477,396 |
V2X, Inc. * | 4,118 | 214,671 |
7,096,964 | ||
Air Freight & Logistics — 0.2% | ||
Air Transport Services Group, Inc. * | 17,364 | 280,255 |
Hub Group, Inc., Class A | 20,865 | 975,856 |
1,256,111 | ||
Automobile Components — 1.9% | ||
American Axle & Manufacturing Holdings, Inc. * | 39,441 | 293,047 |
Dana, Inc. | 44,077 | 560,219 |
Dorman Products, Inc. * | 8,838 | 895,908 |
Fox Factory Holding Corp. * | 14,106 | 753,119 |
Garrett Motion, Inc. (Switzerland) * | 40,717 | 356,681 |
Gentherm, Inc. * | 10,705 | 590,702 |
LCI Industries | 8,575 | 1,000,617 |
Mobileye Global, Inc., Class A (Israel) * (a) | 28,581 | 600,201 |
Modine Manufacturing Co. * | 16,769 | 1,973,040 |
Patrick Industries, Inc. | 7,443 | 953,151 |
Phinia, Inc. | 15,222 | 680,423 |
QuantumScape Corp. * (a) | 120,905 | 781,046 |
Standard Motor Products, Inc. | 6,872 | 224,921 |
XPEL, Inc. * (b) | 7,293 | 298,065 |
9,961,140 | ||
Automobiles — 0.1% | ||
Winnebago Industries, Inc. | 9,752 | 609,695 |
Banks — 10.9% | ||
1st Source Corp. | 6,192 | 393,502 |
Amalgamated Financial Corp. | 5,548 | 176,482 |
Amerant Bancorp, Inc. | 8,028 | 180,550 |
Ameris Bancorp | 22,539 | 1,372,400 |
Associated Banc-Corp. | 50,959 | 1,171,038 |
Atlantic Union Bankshares Corp. | 30,061 | 1,241,219 |
Axos Financial, Inc. * | 18,150 | 1,325,131 |
Banc of California, Inc. | 48,397 | 676,590 |
BancFirst Corp. | 7,003 | 752,332 |
Bancorp, Inc. (The) * | 17,230 | 893,203 |
Bank of Hawaii Corp. | 13,419 | 920,409 |
BankUnited, Inc. | 24,986 | 962,461 |
Banner Corp. | 11,584 | 686,004 |
Berkshire Hills Bancorp, Inc. | 14,728 | 406,493 |
Brookline Bancorp, Inc. | 30,033 | 315,046 |
Cathay General Bancorp | 23,862 | 1,057,564 |
City Holding Co. | 5,018 | 611,694 |
Columbia Financial, Inc. * (a) | 9,648 | 173,760 |
Community Financial System, Inc. | 17,888 | 1,103,332 |
Community Trust Bancorp, Inc. | 5,369 | 272,316 |
Customers Bancorp, Inc. * | 10,072 | 649,443 |
CVB Financial Corp. | 44,773 | 853,373 |
Dime Community Bancshares, Inc. | 12,975 | 328,008 |
Eastern Bankshares, Inc. | 67,067 | 1,115,995 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Banks — continued | ||
Enterprise Financial Services Corp. | 12,660 | 669,334 |
FB Financial Corp. | 12,160 | 567,750 |
First Bancorp | 13,636 | 569,985 |
First BanCorp (Puerto Rico) | 56,055 | 1,202,380 |
First Busey Corp. | 19,036 | 522,348 |
First Commonwealth Financial Corp. | 34,508 | 623,905 |
First Financial Bancorp | 32,179 | 880,417 |
First Hawaiian, Inc. | 42,995 | 1,076,595 |
First Interstate BancSystem, Inc., Class A | 31,956 | 1,008,851 |
First Merchants Corp. | 19,712 | 795,379 |
Fulton Financial Corp. | 61,529 | 1,191,817 |
German American Bancorp, Inc. | 9,996 | 393,243 |
Heartland Financial USA, Inc. | 14,215 | 775,002 |
Hilltop Holdings, Inc. | 15,611 | 515,007 |
Hope Bancorp, Inc. | 39,449 | 519,149 |
Independent Bank Corp. | 14,375 | 922,156 |
Independent Bank Group, Inc. | 12,089 | 713,976 |
International Bancshares Corp. | 18,108 | 1,221,203 |
Lakeland Financial Corp. | 8,362 | 573,048 |
Live Oak Bancshares, Inc. | 11,634 | 525,159 |
National Bank Holdings Corp., Class A | 12,762 | 534,473 |
NBT Bancorp, Inc. | 15,880 | 778,438 |
New York Community Bancorp, Inc. (a) | 84,511 | 889,056 |
Nicolet Bankshares, Inc. | 4,764 | 479,068 |
Northwest Bancshares, Inc. | 41,272 | 579,459 |
OceanFirst Financial Corp. | 19,802 | 359,802 |
OFG Bancorp (Puerto Rico) | 15,886 | 721,542 |
Origin Bancorp, Inc. | 9,879 | 339,442 |
Pacific Premier Bancorp, Inc. | 32,508 | 879,666 |
Park National Corp. | 4,833 | 855,248 |
Pathward Financial, Inc. | 8,559 | 578,075 |
Preferred Bank | 4,303 | 370,316 |
Premier Financial Corp. | 12,064 | 305,702 |
Provident Financial Services, Inc. | 42,237 | 783,074 |
Renasant Corp. | 18,821 | 647,254 |
Republic Bancorp, Inc., Class A | 3,162 | 207,490 |
S&T Bancorp, Inc. | 12,947 | 574,588 |
Sandy Spring Bancorp, Inc. | 15,035 | 460,522 |
Seacoast Banking Corp. of Florida | 28,806 | 801,959 |
ServisFirst Bancshares, Inc. | 18,323 | 1,470,237 |
Simmons First National Corp., Class A | 42,087 | 906,133 |
Southside Bancshares, Inc. | 10,112 | 353,819 |
Stellar Bancorp, Inc. | 17,675 | 484,295 |
Stock Yards Bancorp, Inc. | 9,122 | 567,571 |
Texas Capital Bancshares, Inc. * | 15,814 | 1,045,305 |
Towne Bank | 23,581 | 783,832 |
TriCo Bancshares | 10,871 | 505,828 |
Triumph Financial, Inc. * | 7,833 | 710,688 |
Trustmark Corp. | 19,270 | 669,247 |
United Community Banks, Inc. | 40,330 | 1,248,213 |
Veritex Holdings, Inc. | 17,860 | 447,750 |
WaFd, Inc. | 27,431 | 976,269 |
WesBanco, Inc. | 19,619 | 625,454 |
Westamerica BanCorp | 8,581 | 463,031 |
WSFS Financial Corp. | 20,346 | 1,149,346 |
56,457,241 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Beverages — 0.2% | ||
Duckhorn Portfolio, Inc. (The) * | 21,787 | 158,173 |
MGP Ingredients, Inc. | 5,020 | 409,381 |
Vita Coco Co., Inc. (The) * | 13,088 | 338,194 |
905,748 | ||
Biotechnology — 7.3% | ||
Agios Pharmaceuticals, Inc. * | 19,070 | 884,848 |
Akero Therapeutics, Inc. * | 18,981 | 507,362 |
Apogee Therapeutics, Inc. * | 6,725 | 327,508 |
Arcellx, Inc. * | 13,308 | 822,568 |
Arcus Biosciences, Inc. * | 17,485 | 286,929 |
Ardelyx, Inc. * | 73,251 | 406,543 |
Aurinia Pharmaceuticals, Inc. (Canada) * | 45,657 | 268,463 |
Beam Therapeutics, Inc. * (a) | 24,171 | 764,770 |
BioCryst Pharmaceuticals, Inc. * | 69,283 | 504,380 |
Biohaven Ltd. * | 25,813 | 1,015,225 |
Bridgebio Pharma, Inc. * | 40,699 | 1,056,139 |
Catalyst Pharmaceuticals, Inc. * | 34,721 | 598,590 |
Celldex Therapeutics, Inc. * | 19,882 | 757,703 |
CG oncology, Inc. * | 7,847 | 261,697 |
Crinetics Pharmaceuticals, Inc. * | 22,122 | 1,175,121 |
Day One Biopharmaceuticals, Inc. * | 19,965 | 285,699 |
Denali Therapeutics, Inc. * | 41,130 | 1,002,338 |
Disc Medicine, Inc. * | 3,758 | 162,195 |
Dynavax Technologies Corp. * | 44,402 | 496,858 |
Dyne Therapeutics, Inc. * | 21,642 | 928,658 |
Geron Corp. * | 169,454 | 803,212 |
Ideaya Biosciences, Inc. * | 24,315 | 1,046,761 |
ImmunityBio, Inc. * (a) | 45,255 | 233,063 |
Insmed, Inc. * | 54,723 | 3,981,098 |
Intellia Therapeutics, Inc. * | 32,167 | 843,097 |
Iovance Biotherapeutics, Inc. * | 73,915 | 645,278 |
Ironwood Pharmaceuticals, Inc. * | 47,840 | 326,747 |
Keros Therapeutics, Inc. * | 9,141 | 458,513 |
Krystal Biotech, Inc. * | 8,546 | 1,781,499 |
Kura Oncology, Inc. * | 17,913 | 372,770 |
Kymera Therapeutics, Inc. * | 14,553 | 672,349 |
Morphic Holding, Inc. * | 13,368 | 757,431 |
Myriad Genetics, Inc. * | 30,110 | 842,177 |
Nuvalent, Inc., Class A * | 10,271 | 821,064 |
OmniAb Operations, Inc. ‡ * | 2,112 | — |
Protagonist Therapeutics, Inc. * | 18,766 | 702,599 |
Prothena Corp. plc (Ireland) * | 12,018 | 279,779 |
PTC Therapeutics, Inc. * | 25,946 | 878,272 |
Recursion Pharmaceuticals, Inc., Class A * (a) | 70,942 | 581,724 |
REGENXBIO, Inc. * | 13,579 | 193,501 |
Relay Therapeutics, Inc. * | 31,258 | 256,941 |
Rhythm Pharmaceuticals, Inc. * (a) | 17,110 | 824,873 |
Rocket Pharmaceuticals, Inc. * | 23,646 | 572,233 |
Sage Therapeutics, Inc. * | 14,895 | 163,100 |
Sana Biotechnology, Inc. * | 41,002 | 249,702 |
SpringWorks Therapeutics, Inc. * | 18,700 | 671,517 |
Spyre Therapeutics, Inc. * (a) | 7,256 | 199,540 |
Summit Therapeutics, Inc. * | 28,060 | 303,048 |
Syndax Pharmaceuticals, Inc. * | 28,833 | 654,509 |
Tango Therapeutics, Inc. * | 15,934 | 156,950 |
TG Therapeutics, Inc. * | 48,241 | 953,242 |
Twist Bioscience Corp. * | 18,337 | 1,023,388 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Biotechnology — continued | ||
Vera Therapeutics, Inc. * | 12,544 | 458,985 |
Veracyte, Inc. * | 25,809 | 619,416 |
Vericel Corp. * | 16,475 | 832,317 |
Vir Biotechnology, Inc. * | 31,578 | 320,833 |
Viridian Therapeutics, Inc. * | 16,784 | 282,810 |
Xencor, Inc. * | 20,771 | 424,144 |
Zentalis Pharmaceuticals, Inc. * | 17,840 | 69,398 |
37,771,474 | ||
Broadline Retail — 0.3% | ||
Kohl's Corp. | 37,032 | 802,113 |
Nordstrom, Inc. | 36,290 | 828,501 |
Savers Value Village, Inc. * | 9,146 | 93,198 |
1,723,812 | ||
Building Products — 1.9% | ||
American Woodmark Corp. * | 5,372 | 548,750 |
Apogee Enterprises, Inc. | 7,444 | 510,956 |
AZZ, Inc. | 9,828 | 785,847 |
CSW Industrials, Inc. | 5,213 | 1,691,202 |
Gibraltar Industries, Inc. * | 10,328 | 767,061 |
Griffon Corp. | 12,779 | 920,855 |
Hayward Holdings, Inc. * | 47,927 | 708,840 |
Janus International Group, Inc. * | 38,460 | 554,593 |
JELD-WEN Holding, Inc. * | 28,481 | 475,348 |
Masterbrand, Inc. * | 42,969 | 775,590 |
Quanex Building Products Corp. | 14,947 | 499,230 |
Resideo Technologies, Inc. * | 49,221 | 1,118,301 |
Tecnoglass, Inc. | 7,719 | 415,359 |
9,771,932 | ||
Capital Markets — 2.9% | ||
Artisan Partners Asset Management, Inc., Class A | 23,624 | 1,043,236 |
AssetMark Financial Holdings, Inc. * | 7,736 | 266,892 |
B. Riley Financial, Inc. (a) | 5,574 | 107,021 |
BGC Group, Inc., Class A | 124,152 | 1,143,440 |
Brightsphere Investment Group, Inc. | 9,723 | 254,645 |
Donnelley Financial Solutions, Inc. * | 8,552 | 577,089 |
Hamilton Lane, Inc., Class A | 13,291 | 1,918,822 |
Moelis & Co., Class A | 23,873 | 1,623,364 |
Piper Sandler Cos. | 4,890 | 1,336,339 |
PJT Partners, Inc., Class A | 7,740 | 1,028,955 |
StepStone Group, Inc., Class A | 19,080 | 958,961 |
StoneX Group, Inc. * | 9,300 | 775,062 |
TPG, Inc. | 28,514 | 1,453,929 |
Victory Capital Holdings, Inc., Class A | 14,228 | 745,405 |
Virtu Financial, Inc., Class A | 28,524 | 779,276 |
Virtus Investment Partners, Inc. | 2,335 | 527,710 |
WisdomTree, Inc. | 39,327 | 469,564 |
15,009,710 | ||
Chemicals — 1.2% | ||
AdvanSix, Inc. | 9,082 | 254,024 |
Ecovyst, Inc. * | 36,010 | 343,535 |
Ginkgo Bioworks Holdings, Inc. * | 533,058 | 202,562 |
Hawkins, Inc. | 6,672 | 693,221 |
Ingevity Corp. * | 11,383 | 522,366 |
Innospec, Inc. | 8,412 | 1,103,150 |
Mativ Holdings, Inc. | 18,299 | 349,328 |
Minerals Technologies, Inc. | 10,866 | 851,677 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Chemicals — continued | ||
Orion SA (Germany) | 19,005 | 467,903 |
PureCycle Technologies, Inc. * (a) | 32,842 | 253,212 |
Stepan Co. | 7,392 | 625,585 |
Tronox Holdings plc | 40,272 | 650,795 |
6,317,358 | ||
Commercial Services & Supplies — 2.5% | ||
ABM Industries, Inc. | 21,390 | 1,188,428 |
ACV Auctions, Inc., Class A * | 49,803 | 850,635 |
Brady Corp., Class A | 14,895 | 1,066,631 |
BrightView Holdings, Inc. * | 14,450 | 207,936 |
Brink's Co. (The) | 15,042 | 1,654,470 |
Cimpress plc (Ireland) * | 5,466 | 498,882 |
CoreCivic, Inc. * | 37,476 | 522,415 |
Deluxe Corp. | 13,832 | 337,224 |
Driven Brands Holdings, Inc. * | 20,917 | 281,124 |
GEO Group, Inc. (The) * | 41,033 | 594,978 |
Healthcare Services Group, Inc. * | 24,982 | 285,544 |
HNI Corp. | 16,000 | 879,200 |
Matthews International Corp., Class A | 10,306 | 298,359 |
MillerKnoll, Inc. | 24,258 | 752,483 |
Montrose Environmental Group, Inc. * | 11,135 | 355,095 |
OPENLANE, Inc. * | 36,394 | 650,725 |
Pitney Bowes, Inc. (a) | 54,805 | 361,713 |
Steelcase, Inc., Class A | 29,646 | 429,571 |
UniFirst Corp. | 4,951 | 963,168 |
Vestis Corp. | 44,179 | 573,002 |
12,751,583 | ||
Communications Equipment — 0.8% | ||
Calix, Inc. * | 20,182 | 830,086 |
Digi International, Inc. * | 12,226 | 333,770 |
Extreme Networks, Inc. * | 43,934 | 628,256 |
Harmonic, Inc. * | 36,893 | 540,851 |
Infinera Corp. * (a) | 70,338 | 417,808 |
NetScout Systems, Inc. * | 23,174 | 471,591 |
Viasat, Inc. * | 27,072 | 547,396 |
Viavi Solutions, Inc. * | 75,383 | 606,079 |
4,375,837 | ||
Construction & Engineering — 1.5% | ||
Ameresco, Inc., Class A * (a) | 10,885 | 343,640 |
Centuri Holdings, Inc. * (a) | 4,835 | 79,826 |
Construction Partners, Inc., Class A * | 14,688 | 949,579 |
Dycom Industries, Inc. * | 9,935 | 1,823,172 |
Granite Construction, Inc. | 14,892 | 1,019,506 |
IES Holdings, Inc. * | 3,007 | 462,988 |
MYR Group, Inc. * | 5,659 | 794,976 |
Primoris Services Corp. | 18,086 | 1,021,316 |
Sterling Infrastructure, Inc. * | 10,573 | 1,230,274 |
7,725,277 | ||
Construction Materials — 0.3% | ||
Knife River Corp. * | 17,249 | 1,371,640 |
United States Lime & Minerals, Inc. | 3,610 | 307,031 |
1,678,671 | ||
Consumer Finance — 1.0% | ||
Bread Financial Holdings, Inc. | 16,387 | 894,402 |
Encore Capital Group, Inc. * | 7,951 | 401,923 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Consumer Finance — continued | ||
Enova International, Inc. * | 8,678 | 750,387 |
LendingClub Corp. * | 37,402 | 467,899 |
Navient Corp. | 27,432 | 450,159 |
Nelnet, Inc., Class A | 4,657 | 524,891 |
PROG Holdings, Inc. | 14,636 | 659,498 |
Upstart Holdings, Inc. * (a) | 25,643 | 716,209 |
World Acceptance Corp. * | 1,286 | 157,046 |
5,022,414 | ||
Consumer Staples Distribution & Retail — 0.7% | ||
Andersons, Inc. (The) | 11,097 | 605,119 |
Chefs' Warehouse, Inc. (The) * | 11,964 | 497,583 |
Grocery Outlet Holding Corp. * | 33,170 | 648,805 |
Ingles Markets, Inc., Class A | 4,903 | 397,388 |
PriceSmart, Inc. | 8,644 | 789,457 |
Weis Markets, Inc. | 5,540 | 417,993 |
3,356,345 | ||
Containers & Packaging — 0.3% | ||
Myers Industries, Inc. | 11,225 | 167,252 |
O-I Glass, Inc. * | 52,342 | 699,289 |
Pactiv Evergreen, Inc. | 13,441 | 176,615 |
TriMas Corp. | 13,807 | 339,376 |
1,382,532 | ||
Distributors — 0.0% ^ | ||
GigaCloud Technology, Inc., Class A (Hong Kong) * (a) | 7,593 | 223,462 |
Diversified Consumer Services — 1.3% | ||
Adtalem Global Education, Inc. * | 12,658 | 992,514 |
Coursera, Inc. * | 37,555 | 349,261 |
Frontdoor, Inc. * | 26,367 | 1,040,442 |
Graham Holdings Co., Class B | 1,158 | 897,276 |
Laureate Education, Inc., Class A | 45,276 | 701,778 |
Mister Car Wash, Inc. * | 32,199 | 244,712 |
OneSpaWorld Holdings Ltd. (Bahamas) * | 32,155 | 517,374 |
Strategic Education, Inc. | 7,579 | 798,827 |
Stride, Inc. * | 14,296 | 1,086,210 |
Udemy, Inc. * | 31,371 | 289,868 |
6,918,262 | ||
Diversified REITs — 0.6% | ||
Alexander & Baldwin, Inc. | 24,587 | 484,610 |
American Assets Trust, Inc. | 16,134 | 427,873 |
Broadstone Net Lease, Inc. | 58,517 | 1,018,781 |
Empire State Realty Trust, Inc., Class A | 45,188 | 486,675 |
Global Net Lease, Inc. | 67,369 | 586,110 |
3,004,049 | ||
Diversified Telecommunication Services — 0.4% | ||
Globalstar, Inc. * (a) | 259,721 | 314,262 |
Liberty Latin America Ltd., Class A (Puerto Rico) * | 10,820 | 113,394 |
Liberty Latin America Ltd., Class C (Puerto Rico) * | 38,955 | 412,923 |
Lumen Technologies, Inc. * (a) | 336,503 | 1,059,984 |
Shenandoah Telecommunications Co. | 17,786 | 378,664 |
2,279,227 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Electric Utilities — 0.3% | ||
Hawaiian Electric Industries, Inc. | 37,366 | 618,781 |
MGE Energy, Inc. | 12,245 | 1,075,601 |
1,694,382 | ||
Electrical Equipment — 0.9% | ||
Array Technologies, Inc. * | 48,536 | 510,599 |
Enovix Corp. * (a) | 49,519 | 713,569 |
Fluence Energy, Inc. * | 20,553 | 336,658 |
Plug Power, Inc. * (a) | 238,225 | 588,416 |
Powell Industries, Inc. | 3,249 | 596,614 |
Shoals Technologies Group, Inc., Class A * | 57,643 | 374,679 |
Sunrun, Inc. * | 75,135 | 1,317,116 |
Vicor Corp. * | 7,791 | 328,079 |
4,765,730 | ||
Electronic Equipment, Instruments & Components — 2.4% | ||
Benchmark Electronics, Inc. | 12,120 | 580,184 |
Crane NXT Co. | 19,139 | 1,203,460 |
CTS Corp. | 10,332 | 505,028 |
ePlus, Inc. * | 9,066 | 833,347 |
Itron, Inc. * | 15,421 | 1,595,148 |
Knowles Corp. * | 30,533 | 557,838 |
Mirion Technologies, Inc. * | 71,190 | 750,343 |
Napco Security Technologies, Inc. | 11,853 | 661,516 |
OSI Systems, Inc. * | 5,655 | 836,827 |
PAR Technology Corp. * | 11,357 | 575,118 |
PC Connection, Inc. | 4,047 | 289,644 |
Plexus Corp. * | 9,254 | 1,186,085 |
Rogers Corp. * | 5,798 | 708,400 |
ScanSource, Inc. * | 8,291 | 431,546 |
TTM Technologies, Inc. * | 34,449 | 667,622 |
Vishay Intertechnology, Inc. | 38,764 | 942,353 |
12,324,459 | ||
Energy Equipment & Services — 1.7% | ||
Archrock, Inc. | 49,818 | 1,032,727 |
Cactus, Inc., Class A | 22,120 | 1,396,214 |
Core Laboratories, Inc. | 15,738 | 385,424 |
Diamond Offshore Drilling, Inc. * | 34,440 | 565,505 |
Helix Energy Solutions Group, Inc. * | 49,090 | 579,262 |
Kodiak Gas Services, Inc. | 6,025 | 173,821 |
Liberty Energy, Inc. | 54,453 | 1,315,040 |
Nabors Industries Ltd. * | 3,035 | 312,089 |
Oceaneering International, Inc. * | 33,903 | 1,017,768 |
ProPetro Holding Corp. * | 25,532 | 244,852 |
RPC, Inc. | 33,235 | 248,266 |
Tidewater, Inc. * | 16,548 | 1,637,590 |
8,908,558 | ||
Entertainment — 0.9% | ||
AMC Entertainment Holdings, Inc., Class A * (a) | 93,591 | 496,969 |
Atlanta Braves Holdings, Inc., Class A * | 3,502 | 160,812 |
Atlanta Braves Holdings, Inc., Class C * | 15,707 | 682,155 |
Cinemark Holdings, Inc. * | 37,385 | 881,538 |
IMAX Corp. * | 14,962 | 315,698 |
Liberty Media Corp-Liberty Live, Class A * | 6,799 | 256,798 |
Liberty Media Corp-Liberty Live, Class C * | 15,748 | 614,487 |
Lions Gate Entertainment Corp., Class A * | 15,758 | 144,501 |
Lions Gate Entertainment Corp., Class B * | 43,740 | 360,418 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Entertainment — continued | ||
Madison Square Garden Entertainment Corp. * | 13,626 | 538,091 |
Sphere Entertainment Co. * | 9,076 | 403,701 |
4,855,168 | ||
Financial Services — 1.8% | ||
AvidXchange Holdings, Inc. * | 60,167 | 537,893 |
Cannae Holdings, Inc. | 19,532 | 392,788 |
Compass Diversified Holdings | 20,744 | 499,101 |
EVERTEC, Inc. (Puerto Rico) | 20,456 | 705,118 |
Federal Agricultural Mortgage Corp., Class C | 3,150 | 649,593 |
HA Sustainable Infrastructure Capital, Inc. (a) | 37,848 | 1,240,279 |
Marqeta, Inc., Class A * | 136,563 | 736,075 |
Merchants Bancorp | 5,898 | 265,410 |
NCR Atleos Corp. * | 24,366 | 783,367 |
NMI Holdings, Inc., Class A * | 25,613 | 1,007,872 |
Payoneer Global, Inc. * | 83,717 | 462,955 |
Repay Holdings Corp. * (a) | 27,607 | 265,579 |
Rocket Cos., Inc., Class A * (a) | 43,680 | 707,179 |
Walker & Dunlop, Inc. | 11,304 | 1,208,398 |
9,461,607 | ||
Food Products — 0.6% | ||
B&G Foods, Inc. (a) | 26,278 | 226,516 |
Cal-Maine Foods, Inc. | 14,318 | 1,024,739 |
Fresh Del Monte Produce, Inc. | 12,722 | 318,686 |
Mission Produce, Inc. * (a) | 14,629 | 164,430 |
Tootsie Roll Industries, Inc. | 4,894 | 150,931 |
TreeHouse Foods, Inc. * | 16,009 | 644,843 |
Utz Brands, Inc. | 23,154 | 343,605 |
WK Kellogg Co. | 22,013 | 387,429 |
3,261,179 | ||
Gas Utilities — 0.3% | ||
Chesapeake Utilities Corp. | 7,378 | 870,825 |
Northwest Natural Holding Co. | 12,877 | 514,823 |
1,385,648 | ||
Ground Transportation — 0.8% | ||
ArcBest Corp. | 7,988 | 1,006,887 |
Heartland Express, Inc. | 17,349 | 225,016 |
Hertz Global Holdings, Inc. * (a) | 43,448 | 177,268 |
Marten Transport Ltd. | 19,642 | 369,466 |
RXO, Inc. * | 39,541 | 1,253,845 |
Schneider National, Inc., Class B | 18,005 | 484,515 |
Werner Enterprises, Inc. | 21,445 | 840,430 |
4,357,427 | ||
Health Care Equipment & Supplies — 3.3% | ||
Alphatec Holdings, Inc. * | 35,027 | 353,773 |
AtriCure, Inc. * | 16,301 | 351,613 |
Atrion Corp. | 467 | 214,026 |
Avanos Medical, Inc. * | 15,545 | 371,836 |
Axonics, Inc. * | 17,105 | 1,171,350 |
CONMED Corp. | 10,434 | 720,363 |
Establishment Labs Holdings, Inc. (Costa Rica) * | 8,302 | 368,941 |
Glaukos Corp. * | 17,005 | 1,992,476 |
ICU Medical, Inc. * | 7,209 | 915,399 |
Inari Medical, Inc. * | 17,176 | 799,715 |
Integer Holdings Corp. * | 11,296 | 1,341,513 |
Integra LifeSciences Holdings Corp. * | 22,997 | 570,556 |
JPMorgan BetaBuilders U.S. Small 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 | ||
LeMaitre Vascular, Inc. (a) | 6,753 | 586,768 |
LivaNova plc * | 18,279 | 902,983 |
Novocure Ltd. * | 32,815 | 747,197 |
Omnicell, Inc. * | 15,428 | 450,652 |
OrthoPediatrics Corp. * | 5,561 | 171,168 |
Paragon 28, Inc. * | 13,077 | 101,870 |
PROCEPT BioRobotics Corp. * | 15,565 | 985,576 |
RxSight, Inc. * | 10,842 | 496,238 |
STAAR Surgical Co. * | 12,820 | 528,825 |
Tandem Diabetes Care, Inc. * | 22,038 | 814,965 |
TransMedics Group, Inc. * | 11,044 | 1,571,119 |
UFP Technologies, Inc. * | 2,483 | 798,508 |
17,327,430 | ||
Health Care Providers & Services — 2.7% | ||
AdaptHealth Corp. * | 25,221 | 286,511 |
Addus HomeCare Corp. * | 5,957 | 722,941 |
agilon health, Inc. * | 104,465 | 719,764 |
Alignment Healthcare, Inc. * | 35,421 | 309,579 |
Amedisys, Inc. * | 10,896 | 1,068,353 |
AMN Healthcare Services, Inc. * | 12,808 | 866,077 |
Astrana Health, Inc. * | 13,459 | 706,059 |
BrightSpring Health Services, Inc. * | 18,122 | 224,532 |
Brookdale Senior Living, Inc. * | 60,775 | 469,791 |
Guardant Health, Inc. * | 39,660 | 1,393,256 |
Hims & Hers Health, Inc. * | 53,190 | 1,129,756 |
LifeStance Health Group, Inc. * (a) | 29,803 | 164,214 |
National HealthCare Corp. | 4,961 | 675,490 |
National Research Corp. | 5,119 | 130,483 |
NeoGenomics, Inc. * | 43,120 | 764,518 |
OPKO Health, Inc. * (a) | 105,480 | 149,782 |
Owens & Minor, Inc. * | 23,283 | 382,307 |
PACS Group, Inc. * (a) | 8,202 | 293,632 |
Patterson Cos., Inc. | 27,358 | 690,789 |
Pediatrix Medical Group, Inc. * | 28,482 | 237,540 |
Privia Health Group, Inc. * | 36,293 | 752,717 |
RadNet, Inc. * | 22,190 | 1,325,852 |
US Physical Therapy, Inc. | 5,071 | 494,422 |
13,958,365 | ||
Health Care REITs — 0.8% | ||
CareTrust REIT, Inc. | 47,458 | 1,279,468 |
LTC Properties, Inc. | 14,751 | 526,758 |
National Health Investors, Inc. | 14,699 | 1,100,367 |
Sabra Health Care REIT, Inc. | 71,315 | 1,157,442 |
4,064,035 | ||
Health Care Technology — 0.4% | ||
Certara, Inc. * | 36,989 | 577,398 |
Definitive Healthcare Corp. * | 16,505 | 64,369 |
HealthStream, Inc. | 8,396 | 249,445 |
Phreesia, Inc. * | 18,488 | 461,276 |
Schrodinger, Inc. * | 18,621 | 414,876 |
Teladoc Health, Inc. * | 57,427 | 541,537 |
2,308,901 | ||
Hotel & Resort REITs — 0.8% | ||
DiamondRock Hospitality Co. | 69,490 | 571,903 |
Park Hotels & Resorts, Inc. | 71,033 | 1,069,757 |
Pebblebrook Hotel Trust | 40,151 | 549,667 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Hotel & Resort REITs — continued | ||
RLJ Lodging Trust | 51,344 | 484,687 |
Service Properties Trust | 56,135 | 318,286 |
Sunstone Hotel Investors, Inc. | 69,289 | 717,834 |
Xenia Hotels & Resorts, Inc. | 34,597 | 480,206 |
4,192,340 | ||
Hotels, Restaurants & Leisure — 2.1% | ||
BJ's Restaurants, Inc. * | 6,481 | 204,670 |
Bloomin' Brands, Inc. | 27,023 | 563,430 |
Bowlero Corp., Class A (a) | 7,413 | 95,998 |
Brinker International, Inc. * | 14,939 | 998,075 |
Cheesecake Factory, Inc. (The) (a) | 16,143 | 627,801 |
Cracker Barrel Old Country Store, Inc. (a) | 7,489 | 343,221 |
Dave & Buster's Entertainment, Inc. * | 10,924 | 410,852 |
Dine Brands Global, Inc. | 4,952 | 177,480 |
Dutch Bros, Inc., Class A * | 26,686 | 1,020,739 |
Everi Holdings, Inc. * | 27,878 | 358,790 |
First Watch Restaurant Group, Inc. * | 10,696 | 174,024 |
Global Business Travel Group I * | 40,891 | 274,787 |
Golden Entertainment, Inc. | 7,651 | 255,773 |
Jack in the Box, Inc. | 6,475 | 384,874 |
Krispy Kreme, Inc. | 26,829 | 285,192 |
Monarch Casino & Resort, Inc. | 4,497 | 352,025 |
Papa John's International, Inc. | 11,092 | 490,599 |
Portillo's, Inc., Class A * | 18,981 | 196,643 |
Red Rock Resorts, Inc., Class A | 17,128 | 976,296 |
Sabre Corp. * | 126,442 | 433,696 |
Shake Shack, Inc., Class A * | 12,750 | 1,117,155 |
Sweetgreen, Inc., Class A * | 28,533 | 784,087 |
Target Hospitality Corp. * | 12,261 | 114,763 |
10,640,970 | ||
Household Durables — 1.8% | ||
Cavco Industries, Inc. * | 2,694 | 1,116,986 |
Century Communities, Inc. | 9,746 | 1,020,504 |
Green Brick Partners, Inc. * | 10,700 | 782,705 |
Helen of Troy Ltd. * | 8,048 | 475,717 |
La-Z-Boy, Inc. | 14,519 | 640,869 |
Leggett & Platt, Inc. | 44,784 | 589,805 |
LGI Homes, Inc. * | 7,172 | 825,282 |
M/I Homes, Inc. * | 9,449 | 1,576,377 |
Sonos, Inc. * | 39,365 | 531,428 |
Tri Pointe Homes, Inc. * | 31,290 | 1,415,872 |
Vizio Holding Corp., Class A * (a) | 23,363 | 256,526 |
9,232,071 | ||
Household Products — 0.7% | ||
Central Garden & Pet Co. * | 3,078 | 122,628 |
Central Garden & Pet Co., Class A * | 17,653 | 606,557 |
Energizer Holdings, Inc. | 22,126 | 681,260 |
Spectrum Brands Holdings, Inc. | 9,632 | 814,963 |
WD-40 Co. | 4,572 | 1,196,081 |
3,421,489 | ||
Industrial REITs — 0.4% | ||
Innovative Industrial Properties, Inc. (a) | 9,467 | 1,162,642 |
LXP Industrial Trust | 98,895 | 1,018,619 |
2,181,261 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Insurance — 2.1% | ||
AMERISAFE, Inc. | 6,496 | 308,430 |
Baldwin Insurance Group, Inc. (The), Class A * | 22,309 | 975,796 |
CNO Financial Group, Inc. | 36,218 | 1,262,560 |
Employers Holdings, Inc. | 8,590 | 412,406 |
F&G Annuities & Life, Inc. | 5,834 | 251,620 |
Genworth Financial, Inc., Class A * | 148,370 | 1,004,465 |
Goosehead Insurance, Inc., Class A * | 7,912 | 714,375 |
Horace Mann Educators Corp. | 13,841 | 478,483 |
Lemonade, Inc. * (a) | 17,724 | 319,564 |
Mercury General Corp. | 9,037 | 541,045 |
Oscar Health, Inc., Class A * | 56,806 | 1,004,330 |
Palomar Holdings, Inc. * | 8,031 | 738,932 |
ProAssurance Corp. * | 17,294 | 226,551 |
Safety Insurance Group, Inc. | 4,969 | 425,098 |
SiriusPoint Ltd. (Bermuda) * | 33,319 | 478,794 |
Skyward Specialty Insurance Group, Inc. * | 10,121 | 400,488 |
Stewart Information Services Corp. | 9,238 | 653,127 |
Trupanion, Inc. * (a) | 11,306 | 419,000 |
10,615,064 | ||
Interactive Media & Services — 0.9% | ||
Bumble, Inc., Class A * | 30,231 | 282,358 |
Cargurus, Inc. * | 29,035 | 720,649 |
Cars.com, Inc. * | 21,079 | 434,649 |
Reddit, Inc., Class A * (a) | 8,589 | 522,641 |
Shutterstock, Inc. (a) | 8,374 | 370,298 |
TripAdvisor, Inc. * | 36,813 | 649,013 |
Yelp, Inc. * | 22,838 | 831,988 |
Ziff Davis, Inc. * | 15,602 | 747,024 |
ZipRecruiter, Inc., Class A * | 22,183 | 203,196 |
4,761,816 | ||
IT Services — 0.6% | ||
DigitalOcean Holdings, Inc. * | 18,379 | 608,896 |
Fastly, Inc., Class A * | 42,649 | 345,457 |
Grid Dynamics Holdings, Inc. * | 19,733 | 254,556 |
Perficient, Inc. * | 11,774 | 887,877 |
Squarespace, Inc., Class A * | 20,576 | 909,254 |
3,006,040 | ||
Leisure Products — 0.4% | ||
Malibu Boats, Inc., Class A * | 6,741 | 256,428 |
Peloton Interactive, Inc., Class A * (a) | 117,072 | 416,776 |
Smith & Wesson Brands, Inc. | 15,429 | 255,350 |
Sturm Ruger & Co., Inc. | 5,863 | 264,480 |
Vista Outdoor, Inc. * | 18,048 | 733,290 |
1,926,324 | ||
Life Sciences Tools & Services — 0.3% | ||
Cytek Biosciences, Inc. * | 36,346 | 243,882 |
Fortrea Holdings, Inc. * | 27,750 | 765,623 |
Maravai LifeSciences Holdings, Inc., Class A * | 37,317 | 363,094 |
OmniAb, Inc. ‡ * | 2,112 | — |
1,372,599 | ||
Machinery — 2.9% | ||
Alamo Group, Inc. | 3,399 | 655,055 |
Albany International Corp., Class A | 10,544 | 986,707 |
Astec Industries, Inc. | 7,677 | 269,386 |
Atmus Filtration Technologies, Inc. * | 5,399 | 166,505 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Machinery — continued | ||
Barnes Group, Inc. | 16,146 | 651,330 |
Energy Recovery, Inc. * | 19,315 | 281,613 |
Enerpac Tool Group Corp. | 18,401 | 739,720 |
Enpro, Inc. | 7,080 | 1,210,255 |
ESCO Technologies, Inc. | 8,599 | 1,057,333 |
Gorman-Rupp Co. (The) | 7,003 | 289,294 |
Greenbrier Cos., Inc. (The) | 10,469 | 534,024 |
Helios Technologies, Inc. | 11,125 | 511,194 |
Hillman Solutions Corp. * | 61,965 | 628,945 |
Kadant, Inc. | 3,960 | 1,391,900 |
Kennametal, Inc. | 25,490 | 666,309 |
Lindsay Corp. | 3,736 | 470,699 |
Mueller Water Products, Inc., Class A | 53,043 | 1,096,929 |
Proto Labs, Inc. * | 8,109 | 282,355 |
Standex International Corp. | 3,986 | 744,585 |
Symbotic, Inc. * (a) | 8,413 | 225,553 |
Tennant Co. | 6,436 | 693,093 |
Trinity Industries, Inc. | 27,558 | 911,067 |
Wabash National Corp. | 15,201 | 326,669 |
14,790,520 | ||
Marine Transportation — 0.3% | ||
Matson, Inc. | 11,513 | 1,527,890 |
Media — 0.8% | ||
Cable One, Inc. | 1,548 | 639,912 |
Ibotta, Inc., Class A * (a) | 2,235 | 150,281 |
Integral Ad Science Holding Corp. * | 24,230 | 246,661 |
John Wiley & Sons, Inc., Class A | 14,830 | 708,133 |
Magnite, Inc. * | 42,474 | 617,572 |
Scholastic Corp. | 7,877 | 246,787 |
TechTarget, Inc. * | 8,908 | 285,056 |
TEGNA, Inc. | 56,800 | 904,824 |
Thryv Holdings, Inc. * | 10,784 | 210,072 |
4,009,298 | ||
Metals & Mining — 1.7% | ||
Alpha Metallurgical Resources, Inc. | 3,716 | 1,097,744 |
Arch Resources, Inc. | 5,975 | 875,636 |
Carpenter Technology Corp. | 16,646 | 2,428,152 |
Century Aluminum Co. * | 17,463 | 263,866 |
Coeur Mining, Inc. * | 134,678 | 874,060 |
Ivanhoe Electric, Inc. * | 26,901 | 266,858 |
Kaiser Aluminum Corp. | 5,391 | 424,218 |
Materion Corp. | 7,003 | 843,371 |
Ryerson Holding Corp. | 10,098 | 240,231 |
Warrior Met Coal, Inc. | 17,562 | 1,213,710 |
Worthington Steel, Inc. | 11,009 | 438,929 |
8,966,775 | ||
Mortgage Real Estate Investment Trusts (REITs) — 1.1% | ||
Apollo Commercial Real Estate Finance, Inc. | 44,414 | 484,112 |
Arbor Realty Trust, Inc. (a) | 58,458 | 789,183 |
ARMOUR Residential REIT, Inc. (a) | 16,443 | 332,149 |
Brightspire Capital, Inc. | 44,105 | 252,722 |
Chimera Investment Corp. | 26,770 | 391,110 |
Claros Mortgage Trust, Inc. | 35,162 | 334,391 |
Franklin BSP Realty Trust, Inc. | 27,792 | 384,641 |
Ladder Capital Corp. | 40,305 | 483,660 |
MFA Financial, Inc. | 34,340 | 384,262 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Mortgage Real Estate Investment Trusts (REITs) — continued | ||
PennyMac Mortgage Investment Trust (a) | 29,333 | 403,915 |
Ready Capital Corp. | 54,777 | 508,330 |
Redwood Trust, Inc. | 44,700 | 324,969 |
Two Harbors Investment Corp. | 34,800 | 468,756 |
5,542,200 | ||
Office REITs — 1.8% | ||
Brandywine Realty Trust | 56,874 | 286,645 |
COPT Defense Properties | 38,149 | 1,105,177 |
Douglas Emmett, Inc. | 54,595 | 878,434 |
Easterly Government Properties, Inc. | 32,606 | 454,202 |
Equity Commonwealth * | 36,063 | 734,603 |
Highwoods Properties, Inc. | 35,790 | 1,108,416 |
Hudson Pacific Properties, Inc. | 43,038 | 257,798 |
JBG SMITH Properties | 28,594 | 467,512 |
Paramount Group, Inc. | 62,318 | 326,546 |
Piedmont Office Realty Trust, Inc., Class A | 41,765 | 361,267 |
SL Green Realty Corp. (a) | 21,857 | 1,456,550 |
Vornado Realty Trust (a) | 58,248 | 1,746,857 |
9,184,007 | ||
Oil, Gas & Consumable Fuels — 2.2% | ||
CNX Resources Corp. * | 51,841 | 1,372,231 |
CONSOL Energy, Inc. * | 9,254 | 923,642 |
CVR Energy, Inc. | 11,496 | 328,786 |
Delek US Holdings, Inc. | 21,237 | 505,016 |
Dorian LPG Ltd. | 12,787 | 522,477 |
Granite Ridge Resources, Inc. | 20,496 | 140,398 |
Green Plains, Inc. * | 19,996 | 354,529 |
Gulfport Energy Corp. * | 4,329 | 637,272 |
International Seaways, Inc. | 11,898 | 666,288 |
Kinetik Holdings, Inc. | 6,180 | 256,346 |
Kosmos Energy Ltd. (Ghana) * | 158,718 | 877,710 |
NextDecade Corp. * | 28,205 | 228,743 |
Northern Oil & Gas, Inc. | 31,855 | 1,375,817 |
Par Pacific Holdings, Inc. * | 19,962 | 529,991 |
Sitio Royalties Corp. | 27,549 | 670,818 |
Talos Energy, Inc. * | 41,561 | 492,082 |
Uranium Energy Corp. * | 127,115 | 753,792 |
Vital Energy, Inc. * | 8,372 | 365,103 |
World Kinect Corp. | 20,386 | 569,381 |
11,570,422 | ||
Paper & Forest Products — 0.2% | ||
Sylvamo Corp. | 11,899 | 877,075 |
Passenger Airlines — 0.6% | ||
Allegiant Travel Co. | 5,345 | 299,694 |
JetBlue Airways Corp. * | 108,945 | 698,338 |
Joby Aviation, Inc. * (a) | 144,342 | 863,165 |
SkyWest, Inc. * | 13,388 | 1,070,237 |
Sun Country Airlines Holdings, Inc. * | 13,901 | 182,103 |
3,113,537 | ||
Personal Care Products — 0.2% | ||
Edgewell Personal Care Co. | 16,787 | 657,211 |
Herbalife Ltd. * (a) | 32,889 | 403,877 |
USANA Health Sciences, Inc. * | 3,798 | 169,391 |
1,230,479 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Pharmaceuticals — 1.4% | ||
Amneal Pharmaceuticals, Inc. * | 43,060 | 315,630 |
Amphastar Pharmaceuticals, Inc. * | 12,983 | 565,020 |
ANI Pharmaceuticals, Inc. * | 6,115 | 401,878 |
Arvinas, Inc. * | 16,819 | 462,691 |
Avadel Pharmaceuticals plc, ADR * | 31,079 | 507,831 |
Cassava Sciences, Inc. * (a) | 13,354 | 296,726 |
Corcept Therapeutics, Inc. * | 33,419 | 1,292,313 |
Edgewise Therapeutics, Inc. * | 19,972 | 340,123 |
Harmony Biosciences Holdings, Inc. * (a) | 10,946 | 370,631 |
Innoviva, Inc. * | 18,646 | 351,291 |
Ligand Pharmaceuticals, Inc. * | 6,087 | 663,422 |
Neumora Therapeutics, Inc. * (a) | 24,300 | 312,498 |
Pacira BioSciences, Inc. * | 15,662 | 323,420 |
Pliant Therapeutics, Inc. * | 15,182 | 217,254 |
Supernus Pharmaceuticals, Inc. * | 17,851 | 532,317 |
Tilray Brands, Inc. (Canada) * | 260,521 | 528,858 |
7,481,903 | ||
Professional Services — 1.8% | ||
CBIZ, Inc. * | 15,998 | 1,110,261 |
CSG Systems International, Inc. | 9,755 | 456,924 |
First Advantage Corp. | 17,184 | 295,908 |
Huron Consulting Group, Inc. * | 6,072 | 667,981 |
ICF International, Inc. | 6,365 | 936,292 |
Kelly Services, Inc., Class A | 10,637 | 250,289 |
Kforce, Inc. | 6,401 | 444,677 |
Korn Ferry | 16,881 | 1,244,467 |
Legalzoom.com, Inc. * | 39,981 | 267,073 |
NV5 Global, Inc. * | 4,856 | 500,848 |
Sterling Check Corp. * | 9,857 | 154,558 |
UL Solutions, Inc., Class A | 13,162 | 665,076 |
Upwork, Inc. * | 41,206 | 499,417 |
Verra Mobility Corp. * | 56,092 | 1,690,052 |
9,183,823 | ||
Real Estate Management & Development — 1.0% | ||
Compass, Inc., Class A * | 125,068 | 549,048 |
Cushman & Wakefield plc * | 70,784 | 927,978 |
DigitalBridge Group, Inc. | 52,723 | 744,976 |
eXp World Holdings, Inc. (a) | 27,241 | 391,181 |
Forestar Group, Inc. * | 6,285 | 198,794 |
Kennedy-Wilson Holdings, Inc. | 36,968 | 384,837 |
Marcus & Millichap, Inc. | 8,231 | 326,030 |
Newmark Group, Inc., Class A | 47,521 | 616,823 |
Opendoor Technologies, Inc. * | 195,935 | 454,569 |
St. Joe Co. (The) | 13,013 | 802,642 |
5,396,878 | ||
Residential REITs — 0.4% | ||
Apartment Investment and Management Co., Class A * | 41,532 | 367,974 |
Centerspace | 5,107 | 356,622 |
Elme Communities | 29,741 | 489,537 |
NexPoint Residential Trust, Inc. | 7,519 | 328,505 |
Veris Residential, Inc. | 27,130 | 426,212 |
1,968,850 | ||
Retail REITs — 1.4% | ||
Acadia Realty Trust | 34,424 | 744,935 |
Alexander's, Inc. | 722 | 174,941 |
CBL & Associates Properties, Inc. | 4,560 | 117,511 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Retail REITs — continued | ||
Getty Realty Corp. | 17,249 | 510,915 |
InvenTrust Properties Corp. | 22,822 | 642,896 |
Macerich Co. (The) | 73,029 | 1,169,194 |
Retail Opportunity Investments Corp. | 41,905 | 626,480 |
Saul Centers, Inc. | 4,175 | 165,121 |
SITE Centers Corp. | 64,274 | 993,033 |
Tanger, Inc. | 36,584 | 1,057,278 |
Urban Edge Properties | 38,640 | 784,392 |
6,986,696 | ||
Semiconductors & Semiconductor Equipment — 2.1% | ||
Ambarella, Inc. * | 13,781 | 725,432 |
Cohu, Inc. * | 15,973 | 510,976 |
Credo Technology Group Holding Ltd. * | 45,321 | 1,257,658 |
FormFactor, Inc. * | 26,358 | 1,411,734 |
Ichor Holdings Ltd. * | 11,209 | 381,106 |
Impinj, Inc. * | 7,598 | 1,210,285 |
indie Semiconductor, Inc., Class A (China) * | 52,093 | 311,516 |
Kulicke & Soffa Industries, Inc. (Singapore) | 17,859 | 842,409 |
MaxLinear, Inc. * | 26,345 | 372,518 |
Navitas Semiconductor Corp. * | 41,243 | 153,012 |
PDF Solutions, Inc. * | 10,437 | 366,234 |
Photronics, Inc. * | 20,292 | 515,620 |
Semtech Corp. * | 21,730 | 689,276 |
SiTime Corp. * | 6,224 | 883,497 |
Ultra Clean Holdings, Inc. * | 15,074 | 652,101 |
Veeco Instruments, Inc. * | 19,002 | 786,873 |
11,070,247 | ||
Software — 7.7% | ||
A10 Networks, Inc. | 23,823 | 311,843 |
ACI Worldwide, Inc. * | 35,704 | 1,543,484 |
Adeia, Inc. | 36,521 | 429,122 |
Agilysys, Inc. * | 7,788 | 872,957 |
Alarm.com Holdings, Inc. * | 16,758 | 1,182,277 |
Alkami Technology, Inc. * | 15,485 | 506,824 |
Amplitude, Inc., Class A * | 25,348 | 216,979 |
Appfolio, Inc., Class A * | 7,310 | 1,619,019 |
Appian Corp., Class A * (a) | 11,600 | 428,504 |
Asana, Inc., Class A * | 29,793 | 433,488 |
Aurora Innovation, Inc. * | 270,308 | 1,081,232 |
AvePoint, Inc. * | 30,784 | 335,546 |
Braze, Inc., Class A * | 18,395 | 810,484 |
C3.ai, Inc., Class A * | 37,482 | 1,002,644 |
Cipher Mining, Inc. * (a) | 61,469 | 321,483 |
Cleanspark, Inc. * | 74,055 | 1,184,880 |
Clear Secure, Inc., Class A (a) | 26,559 | 567,035 |
Clearwater Analytics Holdings, Inc., Class A * | 49,461 | 966,963 |
CommVault Systems, Inc. * | 14,829 | 2,266,613 |
E2open Parent Holdings, Inc. * | 62,090 | 289,960 |
Freshworks, Inc., Class A * | 62,532 | 781,650 |
HashiCorp, Inc., Class A * | 44,715 | 1,509,131 |
Intapp, Inc. * | 14,451 | 517,779 |
InterDigital, Inc. | 8,510 | 1,044,688 |
Jamf Holding Corp. * | 18,653 | 341,536 |
JFrog Ltd. (Israel) * | 26,504 | 1,021,994 |
Klaviyo, Inc., Class A * | 12,481 | 327,002 |
LiveRamp Holdings, Inc. * | 22,059 | 667,947 |
Marathon Digital Holdings, Inc. * (a) | 90,938 | 1,788,750 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Software — continued | ||
Matterport, Inc. * | 90,280 | 400,843 |
MeridianLink, Inc. * | 8,226 | 194,380 |
N-Able, Inc. * | 24,324 | 339,077 |
nCino, Inc. * | 25,723 | 842,686 |
NCR Voyix Corp. * | 48,923 | 721,614 |
PagerDuty, Inc. * | 31,238 | 653,811 |
Progress Software Corp. | 14,722 | 859,765 |
PROS Holdings, Inc. * | 14,821 | 357,186 |
Q2 Holdings, Inc. * | 19,637 | 1,324,908 |
Rapid7, Inc. * | 21,063 | 828,618 |
RingCentral, Inc., Class A * | 26,479 | 928,089 |
Riot Platforms, Inc. * (a) | 96,711 | 985,485 |
SolarWinds Corp. | 16,321 | 194,710 |
SoundHound AI, Inc. * (a) | 95,669 | 486,955 |
Sprinklr, Inc., Class A * | 39,715 | 390,398 |
Sprout Social, Inc., Class A * (a) | 16,633 | 649,851 |
Varonis Systems, Inc. * | 37,483 | 2,066,438 |
Verint Systems, Inc. * | 20,923 | 756,157 |
Vertex, Inc., Class A * | 16,762 | 664,613 |
Zeta Global Holdings Corp., Class A * | 58,519 | 1,253,477 |
Zuora, Inc., Class A * | 47,321 | 429,201 |
39,700,076 | ||
Specialized REITs — 0.4% | ||
Four Corners Property Trust, Inc. | 31,180 | 846,225 |
Outfront Media, Inc. | 47,321 | 767,547 |
Safehold, Inc. | 15,529 | 359,341 |
Uniti Group, Inc. | 80,900 | 310,656 |
2,283,769 | ||
Specialty Retail — 2.5% | ||
American Eagle Outfitters, Inc. | 61,528 | 1,356,692 |
Beyond, Inc. * | 13,682 | 154,607 |
Boot Barn Holdings, Inc. * (a) | 10,255 | 1,368,837 |
Buckle, Inc. (The) | 10,663 | 460,535 |
Caleres, Inc. | 11,720 | 451,923 |
Camping World Holdings, Inc., Class A | 14,388 | 329,197 |
Chewy, Inc., Class A * | 46,128 | 1,115,375 |
Foot Locker, Inc. | 27,986 | 813,273 |
Guess?, Inc. (a) | 10,022 | 241,029 |
Leslie's, Inc. * | 60,293 | 177,864 |
Monro, Inc. | 10,139 | 312,484 |
National Vision Holdings, Inc. * | 26,523 | 383,523 |
ODP Corp. (The) * | 11,884 | 502,099 |
Revolve Group, Inc. * | 12,968 | 250,931 |
Sally Beauty Holdings, Inc. * | 35,123 | 402,158 |
Sonic Automotive, Inc., Class A | 4,902 | 291,865 |
Upbound Group, Inc. | 16,598 | 626,243 |
Urban Outfitters, Inc. * | 18,260 | 840,873 |
Victoria's Secret & Co. * | 23,748 | 421,527 |
Warby Parker, Inc., Class A * | 20,748 | 341,720 |
Wayfair, Inc., Class A * | 32,555 | 1,771,969 |
Winmark Corp. | 976 | 386,145 |
13,000,869 | ||
Technology Hardware, Storage & Peripherals — 0.2% | ||
Corsair Gaming, Inc. * | 15,794 | 129,669 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)INVESTMENTS | SHARES | VALUE($) |
Common Stocks — continued | ||
Technology Hardware, Storage & Peripherals — continued | ||
IonQ, Inc. * (a) | 64,935 | 529,220 |
Xerox Holdings Corp. | 38,979 | 419,609 |
1,078,498 | ||
Textiles, Apparel & Luxury Goods — 1.2% | ||
Carter's, Inc. | 12,446 | 753,605 |
Figs, Inc., Class A * | 43,078 | 280,007 |
G-III Apparel Group Ltd. * | 13,655 | 376,468 |
Hanesbrands, Inc. * | 118,414 | 703,379 |
Kontoor Brands, Inc. | 18,966 | 1,330,465 |
Levi Strauss & Co., Class A | 32,508 | 595,872 |
Oxford Industries, Inc. (a) | 5,274 | 555,511 |
Steven Madden Ltd. | 24,001 | 1,088,205 |
Wolverine World Wide, Inc. | 26,932 | 400,479 |
6,083,991 | ||
Tobacco — 0.2% | ||
Universal Corp. | 8,274 | 441,997 |
Vector Group Ltd. | 46,136 | 589,618 |
1,031,615 | ||
Trading Companies & Distributors — 1.1% | ||
Boise Cascade Co. | 13,419 | 1,906,706 |
Custom Truck One Source, Inc. * | 22,106 | 110,751 |
Distribution Solutions Group, Inc. * | 3,514 | 118,598 |
DNOW, Inc. * | 36,006 | 553,052 |
Global Industrial Co. | 4,507 | 157,204 |
GMS, Inc. * | 12,948 | 1,245,986 |
H&E Equipment Services, Inc. | 11,527 | 602,862 |
McGrath RentCorp | 8,284 | 909,832 |
Xometry, Inc., Class A * | 14,037 | 205,361 |
5,810,352 | ||
Water Utilities — 0.2% | ||
Middlesex Water Co. | 6,029 | 400,808 |
SJW Group | 9,893 | 599,615 |
1,000,423 | ||
Wireless Telecommunication Services — 0.2% | ||
Gogo, Inc. * | 23,164 | 210,329 |
Telephone and Data Systems, Inc. | 33,701 | 714,461 |
United States Cellular Corp. * | 4,945 | 265,794 |
1,190,584 | ||
Total Common Stocks (Cost $462,412,446) | 509,702,484 | |
NO. OF RIGHTS | ||
Rights — 0.0% ^ | ||
Biotechnology — 0.0% ^ | ||
Inhibrx, Inc., CVR ‡ * | 10,020 | 1,453 |
Mirati Therapeutics, Inc., CVR ‡ * | 39,447 | 27,613 |
Total Rights (Cost $29,066) | 29,066 | |
SHARES | ||
Short-Term Investments — 5.9% | ||
Investment Companies — 1.7% | ||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (c) (d) (Cost $8,501,245) | 8,501,245 | 8,501,245 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued) INVESTMENTS | SHARES | VALUE($) |
Short-Term Investments — continued | ||
Investment of Cash Collateral from Securities Loaned — 4.2% | ||
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.40% (c) (d) | 19,016,193 | 19,018,095 |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (c) (d) | 2,906,422 | 2,906,422 |
Total Investment of Cash Collateral from Securities Loaned (Cost $21,923,818) | 21,924,517 | |
Total Short-Term Investments (Cost $30,425,063) | 30,425,762 | |
Total Investments — 104.2% (Cost $492,866,575) | 540,157,312 | |
Liabilities in Excess of Other Assets — (4.2)% | (21,989,302 ) | |
NET ASSETS — 100.0% | 518,168,010 |
Percentages indicated are based on net assets. |
Abbreviations | |
ADR | American Depositary Receipt |
CVR | Contingent Value Rights |
REIT | Real Estate Investment Trust |
^ | Amount rounds to less than 0.1% of net assets. | |
‡ | Value determined using significant unobservable inputs. | |
* | 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 $25,270,152. | |
(b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. | |
(c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(d) | The rate shown is the current yield as of July 31, 2024. |
Futures contracts outstanding as of July 31, 2024:
DESCRIPTION | NUMBER OF CONTRACTS | EXPIRATION DATE | TRADING CURRENCY | NOTIONAL AMOUNT ($) | VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($) |
Long Contracts | |||||
Russell 2000 E-Mini Index | 74 | 09/20/2024 | USD | 8,412,690 | 815,805 |
Abbreviations | |
USD | United States Dollar |
JPMorgan BetaBuilders U.S. Small 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.
A market-based approach is primarily used to value the Fund's investments. Investments for which market quotations are not readily available are fair valued using prices supplied by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”), or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.
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.
•
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.
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF July 31, 2024 (Unaudited) (continued)The following table represents each valuation input as presented on the Schedule of Portfolio Investments:
Level 1 Quoted prices | Level 2 Other significant observable inputs | Level 3 Significant unobservable inputs | Total | |
Investments in Securities | ||||
Common Stocks | $509,702,484 | $— | $— (a) | $509,702,484 |
Rights | — | — | 29,066 | 29,066 |
Short-Term Investments | ||||
Investment Companies | 8,501,245 | — | — | 8,501,245 |
Investment of Cash Collateral from Securities Loaned | 21,924,517 | — | — | 21,924,517 |
Total Short-Term Investments | 30,425,762 | — | — | 30,425,762 |
Total Investments in Securities | $540,128,246 | $— | $29,066 | $540,157,312 |
Appreciation in Other Financial Instruments | ||||
Futures Contracts | $815,805 | $— | $— | $815,805 |
(a) | Value is zero. |
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.
For the period ended 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) | $93,001,004 | $131,000,001 | $205,000,000 | $15,692 | $1,398 | $19,018,095 | 19,016,193 | $2,237,804 | $— |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b) | 11,142,566 | 115,885,048 | 124,121,192 | — | — | 2,906,422 | 2,906,422 | 309,347 | — |
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b) | 3,209,614 | 70,328,237 | 65,036,606 | — | — | 8,501,245 | 8,501,245 | 252,408 | — |
Total | $107,353,184 | $317,213,286 | $394,157,798 | $15,692 | $1,398 | $30,425,762 | $2,799,559 | $— |
(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. |